Budgets for Budgeting Days

What is a budget?

In the United Kingdom a budget is an itemized statement that reflects the financial status of the U.K. for the coming fiscal year. It contains proposals for spending, for tax purposes, and is presented to the nation in a speech delivered by the Chancellor of the Exchequer. It compares to the State of The Nation speech by a U.S. President.

Another meaning of the word budget as found in the dictionary is: a plan specifying how the resources, especially money, will be allocated or spent during a particular period. It can also mean the total sum of money set aside or that will be needed for a specific purpose.

There are a few more definitions of the word budget and budgeting, but for the purpose of this article we’ll stick with those mentioned above.

Budgeting and having proper budgets can produce less stress. And the absence of stress leads to a healthier more pleasurable life.

Yet, there are hundreds of people in the world today who have never made a budget of any sort. To them the question of budgeting remains a situation of laissez faire; let the coin fall as it may. They prefer to let life’s event take their natural courses without personal intervention.

Whether one sits with pen and paper, or places a laptop on their legs, knowing where you stand financially is of utmost importance.  You need establish a budget in preparation for the rainy day.

The safest way to build a nest egg for the future or build an emergency fund is to establish a budget. Some say you need to set aside 3 months of cash for those unforeseen circumstances.

We spend money like there is no tomorrow

In Shakespeare’s Hamlet, old Polonius warns his hard-headed son Laertes about the pitfalls of borrowing and lending; in other words, the dangers of incurring debt. It is from this passage of literature that we find the quote “Neither a borrower nor lender be”. When you lend money to a friend you run the risk of losing both the friendship and the money.

In today’s world, our biggest cancer is not of the physical kind, but of finance – debt.

 Now, almost four hundred and fifty years later, we as a people have all but totally ignored the advice of Polonius. We continue to borrow money left, right, and center. We have become a nation of spend-thrift people. We spend money like there is no tomorrow. Millions of families have no savings for their children’s college fund; no savings for vacations; no savings for general upkeep; and no savings for retirement. The majority exist from one paycheck to the next.

How sad will it be for those who will reach age 90 and still find the need to fill out applications and submit resumes for employment?

With all the great medical advances present today, we continually add years to life, but not life to years. Some have even become cynical to the idea of frequent physical exercise. They rely on medication for their survival.

Maybe it is due to the quality of home entertainment that we have largely become a sedentary nation. The potency of television programming very much outweighs the desire to shed the extra pounds. There is no budgeting for weight loss. So we keep spreading at the hips and elsewhere.

The budget you act upon today could save a life. The life you save could be your own.

Conspiracy of The Rich

In Robert Kiyosaki’s upcoming book Conspiracy of The Rich, in Chapter 5 Robert writes “The Conspiracy Against Our Financial Intelligence”. Most of you already know Robert for his worldwide bestseller “Rich Dad Poor Dad”.
I am privileged to receive individual chapters online ahead of publication as they become available. From what I’ve read in this work from Robert Kiyosaki, in my mind there is an excellent prognosis for this latest project. I believe this book will also touch many hearts around the globe; even though I've read only a few chapters. It will help to promote and inspire a new awareness about money.
At the opening of Chapter 5 there are 2 questions asked. The first question is “What is the difference between Jessie James and a banker?” The answer is “Jessie James robbed banks from the inside. Bankers rob them from the inside.”
It’s not the first question that caught my attention as much as the second. “What is the best way to rob a bank?” The answer is a response given by a William Crawford, California Department of Savings and Loans. “The best way to rob a bank is to own one.”
The reason this question caught my interest over the first is the embedded humor within the statement itself. The chances of the average person in the street owning a bank is slim and none. Without gaining the know-how and leveraging the available experience and wisdom from people like Donald Trump and Robert himself, they are dead in the water.
A large percentage of the population still continues to see money as the root of all evil. So they stay away from the thought of cash in abundance - treating it like the plague.
In addition, the current educational system is still steeped in the will of presenting a highly confusing image of the financial world. Thus, Mr. & Mrs. Joe Blow continue to be strongly advised to leave financial decision making to the experts. And we all know that the quest of these so-called experts is to favor their own well-being over their clients’. There is still the matter of personal greed, “What’s in it for me.”
Congratulations Robert! You are doing a great job. For indeed, you have helped to save my home business from entering the endangered list. http://mlmsolidsecrets.com/

Most Endangered

Look here, my friend.
Aren't you tired of going after the good, the bad, and the ugly: Trying to recruit everyone you meet into your MLM business?
"Use the three-foot rule," they say. "Eveyone that comes within three feet tell them about your business. Sometimes you have to be "Ignorance On Fire"."
Lemme ask you this. Have their suggestions gotten so deeply entrenched in your mind you can't see reality any longer?
Can't you see you're trapped in their game? If you drop out of the program they will lose a loyal customer. That's not what they want, so they keep you hooked on the line with heavily laced pep talks. Fifty years ago it was great, but not any longer. We've now truly entered into the information age.
Okay, okay. This is hurting a little. The truth usually does. But it is not nearly as bad as when you wake up and the medication wears off. That's when MLMers run from one opportunity to another. They gotta have the meds to keep them going.
You are just another integral part of their advertising plan. That's all you'll ever be. It'll take you years and years to make it big in MLM. Good concept: nothing more.
They've got you doped-up, hyped with words and empty promises. Their comp' plan is more like Complan -- the energy drink that makes you feel good: that's it.
Think about it!
They've got you thinking you're going to be rich in a couple of months. Sleep it, Eat it, and Drink it. You're going to be rich. But when; and how will you get there based on what you're doing now?
So you go to lunch everyday, and you buy the cheapest item on the menu; a cup of coffee. And then you proudly march out of the restaurant picking your teeth with toothpicks, trying to make someone believe you were eating a delicious stake.
Gotta save your money for the books, tapes, CDs, DVDs, seminars, sales material, and business cards. Spend, spend, spend! It's your business and you have to build it. And don't forget about the tax incentives.
Tax incentives! What tax incentives?
Yes! It's your business. You're suppose to run it like a business, not an expensive hobby?
You're in business to make a profit. If you're not making a profit, it's a hobby.
To continue with what you're doing now will mean that your so-called business will be heading for top recognition in the Guiness Book of Most Endangered Businesses Species.
I'm sure that's not what you want.
Let me give you some value http://mlmsolidsecrets.com/