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2/13/2015 8:15 pm  #1


Money Management

Greetings, Fam, Wolf here with a simple way to manage ya finances at first. I'll try to work it in as best as I can, given the format of the host input system.

Take your calculated income and subtract 15% from it off the top. That will be your calculated tax money extracted from your income as an employee. Not sure how it works as an employer at the moment but that will soon change.

Next, your expense for the same time period as your income shouldn't exceed anymore than 70%, otherwise progress would be hard to see and discouragement will occur. Expenses include anything you have to pay for to live at your current condition. Rent, utility bills, communication bills, food, transportation, debt elimination (if that applies to you), childcare, med care, etc.

So that leaves you with 30% of your already taxed income to move around with. It is here that I suggest 50% of whats left (which is 15% of what your already taxed income is) to be put up for a rainy day. Rainy days include, sick days, repairs, last minute preparations for natural disaster threats. Basically anything that happens outside of your control beyond your sight.

Now the rest is your free and clear money. This is where your budget to enjoy what you like to enjoy, within reason. I suggest that about 5-10% be used as that and whats left be put into investments of some sort. 

Hope it helps and I'll share more ideas as they come. 

-Wolf 


Specializing in History and Warfare.
Psychological, Physical, Financial and Digital. 

2/17/2015 8:07 pm  #2


Re: Money Management

Wait, I have a question. What is Money Management, what is this class geared to teach and what some good books dealing with finances and economy that we can use for this class?


We just getting started
Glad you're here,
Peace

2/18/2015 8:54 pm  #3


Re: Money Management

Great question.
Money Management is how to efficiently handle your finances, income and expenses in the most opportune ways. We, as a people, are not taugh proper revenue handling skills and as a result, have little pull in the economy except as consumers.

This class is geared to reverse our condition in the financial system by increasing our financial IQ, explore other options to income beside trading time for a flat rate and hopefully, link other Original People businesses together so that the dollar is spent more inside of a circle before being spent outside. They say a Jew's dollar is spent 12 times within the Jewish community before spent elsewhere. If we as a people can do this too, Group Economics will be easier to participate in.  

I will get back to the topic of books once I have compiled the list. 


Specializing in History and Warfare.
Psychological, Physical, Financial and Digital. 
     Thread Starter

2/18/2015 9:47 pm  #4


Re: Money Management

Great add-on.....I look forward to these classes ! I'll stay tuned.....


We just getting started
Glad you're here,
Peace

9/26/2015 6:52 am  #5


Re: Money Management

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10/09/2015 9:22 am  #6


Re: Money Management

With regards to trading the financial markets, there's none larger than industry of fx market. Next Year, it's estimated that a lot more than $4 Trillion was traded each day. As a result industry of forex larger than the US Stock and Options combined. It's a staggeringly huge market offering investors liquidity not seen in every other market. In addition is the foreign currency market is open 5.five days every week, around the clock.

The worlds very best forex brokers on the planet will offer traders not only the major forex pairs to trade. The majors are generally considered to be the most frequently traded including the AUDUSD ("the Aussie Dollar"), USDJPY ("america Yen), EURUSD ("the Euro Dollar"), GBPUSD ("the Pound or Cable Dollar"), XAUUSD (Gold) and XAGUSD (Silver). You might like to are the USDCHF ("the Dollar Swiss"), the USDCAD ("Dollar Loonie or Dollar Canadian") as well as the EURJPY ("Euro Yen").

The most effective fx brokers in the world will give you traders the majors and also cross rates (the ones that don't involve the usa Dollar as the terms currency) and what is known exotics. Exotics are currency pairs that are less liquid comparatively against the majors. Exotics are currency pairs such as THBDKK (Thai Baht in Danish Krone terms), ISKNOK (Iceland Krona in Swedish Krone terms), EURHRK (the EURO in Croatian Kuna terms) along with the GBPILS (British Pound in Israeli Shekel terms).

As well as the array of forex trading pairs, the best forex brokers on the planet will give you traders not only the location instrument to trade but options as well. The foreign exchange market generally experiences the maximum amount of volatility or more at times than trading stocks. Hence, it is advantageous towards the trader as a way to use options to potentially hedge their spot positions. Forex brokers that don't offer forex options combined with spot market leave the spot market trader with an end loss and possibly a guaranteed stop loss for their only way of risk management. Forex options let the investor more flexibility of their risk management execution.

The foreign exchange market offers traders greater levels of leverage from 50 times leverage to a staggering 500 times leverage provided by some brokers. Leverage can be a double-edged sword. With greater probability of reward comes heightened chances of potential risk. Traders will want to look for brokers who offer a alternatives on lots of forex pairs.

1. Andrew Krieger

Andrew is a graduate of University of Pennsylvania, Wharton Business School. He grew to celebrity while he traded the currency of latest Zealand generally known as Kiwi between values of $600 million about $1 billion exceeding the currency circulating in New Zealand in that time.

2. Bill Lipschutz

Bill earned a diploma, B.A, from Cornell College, Fine Arts. He then earned Masters in Finance in 1982. Along with academics, He enjoyed reading anything he may find concerning the Forex and currency markets. He invested $12000 in stocks. This converted into $250,000 within a few of months, thanks to his wide stock exchange business knowledge. Nevertheless, he later lost all his cash to stocks because of the unpredictable business behavior following the loss he changed to some steadier trading: the forex.

At present, Bill is really a famous currency trader. He earned over $300 million in just a year by engaging in neuro-scientific foreign exchange.

3. John Taylor.

John graduated from Princeton University and commenced in worlds best forex traders from the Chemical Bank. Per year later, he took over as the bank forex analyst who proved a perfect chance for him to establish in forex world.

He owns FX concepts the currency managing company. He's considered a founding father of computer-aided foreign currency trading systems. These systestem were performed to to assist people discovering forex models enabling traders to try out well out there.

4. Stanley Druckenmiller

Stanley begun as oil analyst for Pittsburgh National Bank. He finished the Bowdoin College. He closely worked States that was an advantage to Stanley, since he not simply garner a lot more than 30% profit in Quantum Fund but in addition contributed to a deal which earned him with Soros more than $1 billion.

5. George Soros

George graduated from London's Economic School. He could be a hero in financial field. He earned $1 billion dollars in a single day from merely one transaction. This later led to him gaining fame. He has authored many books discussing investing. He could be a philanthropist also, having donated over $7 billion to charity.

Best forex Traders

10/12/2015 2:29 am  #7


Re: Money Management

Доброго времени суток   .
Ваш форум мне показался очень привлекательным и перспективным. Хочу приобрести рекламное место для баннера в шапке, за $1500 в месяц. Оплачивать буду через WebMoney, 50% сразу, а 50% через 2 недели. И еще, адрес моего сайта http://sfilm.by/ - он не будет противоречить тематике?

Спасибо! Напишите о Вашем решении мне в ПМ или на почту yyy1977gorbunovl@gmail.com




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10/19/2015 1:50 pm  #8


Re: Money Management

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11/06/2015 8:41 pm  #10


Re: Money Management

Привет дамы и господа!

Для начала представлюсь - я индивидуальный предприниматель Валерий.

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Наша компания занимается свыше 10 лет ремонтом и обслуживанием холодильников и стиральных машин в городе Минске.Основные направления и виды оказываемых услуг:

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Нам будет приятно видеть у нас на сайте

На этом сайте  я хочу не только рассказать Вам, но и показать то, чем я профессионально занимаюсь и чем реально могу быть полезен Вам и Вашему дому.

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