Increase Your Financial IQ Book Review ? Part 3: Budgeting Your Money

After learning to make more money and finding out ways to protect your money, you next need to learn how to budget your money for maximum utilization.

According to the book, a budget is a plan to coordinate your most important resources (such as money and time) and expenditures.  There are 2 kinds of budgets:

Budget deficit excess of spending over income you spend more than you earn Budget surplus excess of income over spending you earn more than you spend

The reason most people are poor is because all their lives, all they’ve known is not having enough money, hence, they only have a plan for “budget deficit”.   They have never experienced having more money than they could ever expect to spend.  They think only lottery winners, corrupt politicians, or greedy businessmen can have a “budget surplus”.   The key to having a budget surplus is realizing that it is possible for you to have it.

There are 2 ways to generate a budget surplus:

You can apply Financial IQ # 1 to make more money, thereby increasing your income, or You can cut expenses, and reduce your spending.

Both strategies will tip the equation to your favor such that your income will be greater than your expenses and you create that extra cash a.k.a. “budget surplus”.

Most people and businesses only know how to cut expenses, especially in these times of financial uncertainty.  But you can only do so much in terms of cutting expenses without sacrificing your mental, emotional and physical health.  You don’t need to starve yourself to create a budget surplus. If you apply Financial IQ # 1 – make more money, you can stretch the other side of the equation and achieve the same thing.  The same applies to business. A business without sales is NOT a business. So aside from minimizing the costs of your business, you also need to learn to sell more and boost your income!

Robert Kiyosaki offers 4 tips to plan for a budget surplus:

Budget tip #1 – A budget surplus is an expense Make spending for budget surplus a priority Pay yourself first, even when income is less than your expenses Use the pressure of not having enough money to think of ways on how to generate that extra cash Budget tip #2 – The expense column is the crystal ball Discover what you’re spending on, and you will know if your plan is working to give you a budget surplus or a budget deficit Robert Kiyosaki’s Rich Dad says, “you can tell a person’s future by looking at what they spend their time and money on.” Budget tip #3 – My assets pay for my liabilities Instead of using your hard-earned money to pay for your liabilities like a car or a flat screen TV, make that money work for you by using it to build assets and use the income from those assets to pay for your car or your flat screen TV. Budget tip #4 – Spend to get rich Know when to spend and when to cut back.  Most people only know how to cut back.  Spending wisely to grow your money is a harder skill to master. Learn to do more with less and use the pressure to become smarter in making more money

Budgeting is boring.  That’s what most people say.  However, it is one the most important rich money habits that you will have to learn.  A budget is like a map.  The only way to get to your destination is to know where you are right now, and use your plan to discover how to get to where you want to be. Consciously working on your money habits is a life-long process, and it starts with taking care of the resources that you have – that is budgeting your money and time.  What others don’t realize is that we all have 24 hours in a day.  Some people multiply their impact by providing livelihood to thousands of people and generating more money not only for themselves but for the whole community.  Others just sit around all day never doing anything to make their lives easier.  To me, it is not a question of do we need to budget or not.  It is a matter of realizing that to live your life to the fullest, you need to make the most of what you have. Be patient.  The problem of TV shows is that everything is fast.  Yesterday a child was born. The next day he’s already a teenager.  The next week he himself is already having his own kid.  Life is not a TV show.  It is a series of small steps earned each day.  So have a plan and learn to adjust that plan along the way.  As Robert Kiyosaki says “take it one day at a time.”

Rich Money Habits @ http://www.akosiallan.com helps you discover and learn how to build long lasting rich money habits so you can achieve financial freedom with peace of mind!

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Can Maverick Money Makers Really Work For A Internet Newbie? Is It A True Money Maker?

Maverick Money Makers is an online money making coaching club and an excellent way for anyone from a newbie to an advanced marketer to create a true money maker online income. This review will give an idea of whether this is what you are looking for and if it is right for you?

There are many opportunities that now exist to work from home and make a living on the internet. There are a number of coaching courses set up to help you do just that – some are great, some not so great.

Is this claim too good to be true, can it be a true money maker for me?

How much does Maverick Money Makers Coaching Cost?

The program is run by Mack Michaels, and priced at per month. For this money, you’ll get a quick start book with 8 steps affiliate training.  The majority of the content of this guide is video based. Therefore, it is easy to learn, I find that videos explain so much more than just a PDF telling me what to do.  I need to see it to get a better understanding.

There are three different strategies to check out, beginners, intermediate, and advance marketing.  So there’s something for everyone, as you master the basics’ you can keep moving forward with your training without having to buy another program.  AWESOME!!

Here’s what is included in the coaching program

Maverick Money Makers Club is a huge resource center for beginners to advance online marketers. It covers;

Complete training systems for beginners and advanced online marketers
Quick money blueprint system
Video tutorials and lessons on all modules. Very easy to learn
Case studies, reports, niche marketing ideas
Skill set training systems
Monthly updates
Millionaire mindset coaching
24 hour assistance

-Great Video Training
-Fully Supported
-Updated Regularly

-No Tools
-Community not the greatest
-Training is somewhat “choppy”

Overall, Maverick Money Makers is a solid buy.

Unfortunately there’s no guarantee that you will do the work in order to be successful in building your own money maker program.  With so many online programs available it’s nearly impossible to choose which one is right for you?  Personally, the abundance of misinformation and incomplete programs have caused me to become so frustrated that it makes me think that every program is a scam.  I know I have spent a lot my hard earned money on programs that have just failed to deliver what they promised.

I have found this to be very helpful…

Mack Michaels’ Maverick Money Makers offers a full 60 day guarantee. If you haven’t been able to make any money or you tried it but just didn’t like what you found, then you will receive a full refund, no questions asked, for a full 60 days.

If you are really serious about finding solid information on Maverick Money Makers a true money maker program, you need to go to this website Visit Maverick Money Makers Now!

If You Want to Learn more about Maverick Money Makers,  Visit Maverick Money Makers Review Site  and find out how I rated this program.

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The Free and easy way to make money online

A version of me

Okay – so you want to make money online but:

You don’t want to pay for the privilege – you are broke so can’t afford to pay for it
You don’t want to create website
You don’t want to learn about SEO, PPC and all the other acronyms that you can’t be bothered to find out the meanings of
You just want a quick and dirty way of making money

So this is you ? Okay read on – I’m about to break down the simplest way of making money online. And it’s FREE. There are no additional click after this,or clicks taking you to an affiliate website etc – this is bare bones honesty gleaned from tons of money making ebooks, research, websites, ideas etc, minus the bullshit and egos.Remember the adage – “Nothing will work unless you do”? Well even if you are lazy – this method still entails a few clicks and then a few more clicks every day on an ongoing basis. You can sit back and do nothing, and you will still earn clicks and money, but the more your click the more money you will make.

Follow this step by step easy as pie guide and then mail me when the money starts rolling in. Here goes:

Sign up with Clickbank dot com  – choose an ID that is easy to remember then remember it.
The top 4 money making Click Bank niches are internet marketing, weight loss, dating (i.e. how to get the girl or guy) and  muscle building.
In Clickbank – click on ‘Marketplace’ and type in any one of the niches above in the “Find Products” box.
You will then see a list of products that fall in that niche for you to promote.
Next click on the drop down “Sort Results By” and select “Gravity”.
Choose all the ones you are interested in by clicking on “Promote”.
You will then get a pop-up screen that will give you the link to promote so that you can earn commissions on those items.
Copy and paste those links into a document and call it “My Money Makers”.
Now you are ready to start making money and these are the simplest, easiest, laziest ways of doing it. Are you ready – okay let’s go.

Create a Twitter account applicable to your niche. E.g. Weight Loss. Use a memorable and enticing username.
Create an eye catching profile image with a sexy skinny girl or guy.
Put in your profile information something like “I help people to lose weight and keep it off”.
Use the affiliate link from the niche product you selected in Click Bank as your website link. To disguise it you can use Tiny dot CC to change it to something else.
The go to the twitter page of someone famous or someone that is influential in your niche. E.g. Oprah
Then follow their followers like crazy so that they will either follow you or click on your link to read more about you. This part is simple – you just click on their “Followers” link then click “Follow” next to their names. Click, Click, Click.
RT their tweets and add affiliate link into the retweet
Tweet an interesting fact related to your niche with a link to your affiliate link
Reply to people tweets with a relevant comment and a link to your affiliate link
Say something controversial or enticing with a link to your affiliate link. I think you get the picture, any interaction you have on Twitter – include your affiliate link related to that niche.

Sign up using the same username for the niche as you did for Twitter (makes it easy to remember).
Then search for questions that fall into your niche, e.g. “Lose weight”.
Answer their questions and link to your affiliate link Make your answer as natural sounding as possible, don’t make it a sales spiel. E.g. “You know I had this same problem and it was tough, but I found something that seems to work. I only lost 2kgs in the first week, but I’m losing more each day, I weigh in this weekend, so excited I can’t wait !  I used this – try it you never know” – then include your link to how you lost it. And also add your link as a reference.
Answer as many questions as you can in your niche every day.
You can do this on any site where people ask for advice.

Sign up for a Facebook account using the same details as Twitter.
Simply search for  fan pages that have alot of followers. Famous people work well. Use the top 10 famous people for a list. (Google is your friend). Country names such as “India”, “Nigeria”, “Japan” etc work well too. Fan Pages work better as you don’t have to wait to be accepted. Friends is a waste of time don’t go there.
Simply “Like” the fan page which will allow you to post something on the page wall.
Post an enticing post with a link to the tiny url of your affiliate link.
Don’t do this on too many walls too many times or Facebook will block you. But do choose really famous walls with alot of wall activity – you can see this by the posts on the wall.

This one can get annoying if you have to post in forums and get tired of creating new profiles for each forum, however it works very well. However doing just that gets clicks to your affiliate links. Google forums that fall into the niche you chose, then join up and reply on posts. Make it relevant and natural. Then use your link in your signature and as part of your profile. Use an enticing photo for your profile always.
The other highly lucrative place to comment is on relevant blogs in your niche. Don’t copy and paste comments, type something new and natural.

Create a profile, same premise as above.
Comment on high traffic videos in that niche. Don’t put the link in your comment, but rather on your profile.

If you don’t mind spamming your friends, then create an email that entices them to go and visit the link, especially if it’s a niche topic that you know they would be interested in.
Encourage forwarding of the email to win a prize (preferably something unused that you own already else you’ll have to fork out some money for it).

This method is the by far the easiest and laziest one out there but it’s going to cost you . On Fiverr.com, search for “Social Networking”. You will then get a listing of hundreds of people who will promote anything you want for .
Choose someone that has good feedback and lots of Facebook fans or friends or followers. Pay them via Paypal through the site and allow them to promote your link for you.Once the money starts coming in, you can pay over and over again with different product niches.
There you have it. If you don’t make money on any of these tips – then tweak it until you find the one that works for you. The only way to make this work is by doing it over and over again, every day. The more you do it, the more you will make.

Yes. I am by no means a millionaire. I have hundreds of usernames (The Money Maker list helps me out on this one). This is with a full time job. Do I want to be a famous IM’er – no. I simply want to show others that it is possible to make money on the internet, and it’s not difficult.

I hope you enjoyed this article as much as I enjoyed writing it. You can show me appreciation by clicking on all the Adsense ads on the page – there’s alot hey – I know – but it works – money comes in – or leave a comment. If you absolutely hate it or want to SEO bash me on the head – then by all means do so – but please be gentle. I need this brain to continue clicking and making money.

xo

Athena

PS. I couldn’t resist adding this PS link only because it’s such a classic IM give away lol. If you are an obsessive clicker-on-IM-links – then by all means click here to be taken to a great program you can use if you simply MUST have a website and want to grow a list of loyal subscribers that you can sell to. I wrote a review for this one which should be posted soon.