Tuesday, September 21, 2010

Financial Success Tip's

1. Get started now
What are you waiting for? If the years are ticking by and you keep putting off seizing control of your finances, look at the reasons why you are delaying. If you have had some bad money experiences, perhaps left over from childhood, it is time to work through them and move on. Don't hesitate. The sooner you start, the more money you will have.

2. Plan to succeed
Base your financial plan on a wish list. Write down everything you want. When do you want to retire? Do you want to change careers? Spend more time with the family?
Even if you can't afford it all, put it all down. A financial plan focuses the mind on what is most important. You can work out what you can afford and what is out of the question.
Lipman says one of the best financial aims is to be financially secure. Lipman tells his clients they need about 20 times their annual living cost at the time of their retirement. For example, if they spend around $50,000 a year they will need $1 million. If they spend $100,000 a year they will need $2 million of net investment assets.
He bases this on earnings of around eight percent each year, then taking away three percent for the rate of inflation, leaving a real return of five percent which will earn around $100,000 each year for every $2 million invested. Often your time horizon is the single most important influence on your financial plan. Also your tolerance to risk is important for selecting investments.

3. Save little, save often
You don't have to be rich to save. Anyone, on any income, can put money aside. Small amounts, saved regularly, become large chunks that can pay off debts and grow bigger when invested.
The golden rule of saving is to save first from your salary. Then pay your bills. If you pay your bills first and save what is left over, you'll never save anything because there is nothing left.
The best way to save is to have an amount automatically transferred out of your salary to an online, cheque or savings account. It is a painless way to save. What you don't see, you won't miss.
If your salary goes up, resist the temptation to spend the extra. Always resist the temptation to spend more than you earn. Household income makes little difference to saving, according to the Newspoll survey that showed the more you earn, the more you spend.
It found that 47 percent of people earning more than $70,000 have more debts than savings while only 34 percent of those earning less than $70,000 had more debt than savings.

4. It's time in, not timing the market
The crucial lesson for investors is that if the sharemarket is volatile, don't try to time it. It is better to retain some exposure to markets at all times.
Studies of the Australian sharemarket over the past 20 years from 1984 to 2005 show that most of the long-term gains on sharemarkets are made or lost in just a few trading days each year.
For example, if you invested $1000 in Australian shares in December 1983, 22 years later it would have grown to $12,968, making an annualised return of 12.35 percent, according to IFSA.
But if you invested the same amount over the same period except for the 10 biggest days in the market, it would have grown to $8240 or an annualised return of 10 percent, and if you missed the 20 biggest days you have just $6304 or an average of 8.7 percent each year.
Studies show that investors make money from stock selection rather than market timing. Your strategic long-term asset allocation should be diversified across all the major asset classes. This limits the overall risk of your investments.

5. Your home as a springboard
Increasingly Australians are opting for flexible mortgages that allow them to pay off more of their mortgage and redraw it later, either as a home equity loan or to pay for renovations.
If you own your own home, you can gear against your house at the same rate as your mortgage. Usually the interest rate for a home equity account is cheaper than a margin loan by about a little less than one percent.
The big plus of a home equity account is that you don't get a margin call. However, a home equity account does not provide regular statements and tax reporting about your shares or managed funds that come through from the margin lenders.
Increasingly the family home is being used to build wealth. Some adventurous investors such as Jan Somers, have bought numerous residential houses for the long term and utilised the tax advantages of negative gearing.
"Along the way we could enjoy some really significant taxation advantages," says Jan. She worked on a buy and hold philosophy and within five years had accumulated a property portfolio worth millions of dollars.
She has written her investment strategies in a number of books. The latest, More Wealth from Residential Property, outlines that investing in residential property can build wealth in 10 to 15 years.

6. Borrow to invest
A rising sharemarket has lured investors back to margin lending as a tool to rev up their wealth accumulation.
Gearing or borrowing to invest in shares or managed funds makes good sense when you believe the sharemarket is on the up and up. The problem with a margin loan for tumbling shares or managed funds is that gearing magnifies your losses.
If you have a margin loan, make sure you do the following:
  • Choose your risk strategy to fit your level of comfort
  • Diversify your investments
  • Set your level of gearing according to your risk level
  • Don't let your interest build up or capitalise. Pay it off ever month.
7. Get advice, stay informed
It is difficult for most investors to make investment decisions without the help of some professional services.
"People should seek out a good financial planner who can do the monitoring and give advice about superannuation and taxes," says Investec's Lipman.
However, conflicts of interest are widespread among financial planners. A high percentage of planners are recommending that people switch out of low-fee superannuation funds into high-fee funds that pay the planner a commission. For this reason, investors should seek out planners that charge a fee for service.

Thursday, September 16, 2010

Top 10 Tourist Destination's

Travel - World's Top 10 tourist destinations


Rank: 1

France remains the top tourist destination in the world. And not without any reason.

It has, in fact, everything that you could ever want to see on your holidays: a great city like Paris, good beaches, more monuments and lovely nature, among others. France is also a very pleasant place to stay.

It has good food, great wines and people enjoy their lives.

And the best thing about it is that, barring Paris, living in France is not that expensive.


Rank: 2

It’s a spectacular and diverse country. The uniqueness of Spain lies in the separate kingdoms which made up the original Spanish nation.

These regions remain diverse in their language, culture, cuisine and art.

Still Spanish people are very open-hearted and communicative. Spain is also famous for its wines.

United States

Rank: 3

Situated almost entirely in the western hemisphere, the US is one of the world’s most ethnically diverse and multiculture nations, the product of large-scale immigration from many countries.

It is also home to several of the world’s most exciting cities, some truly mind-blowing landscapes, a strong sense of regionalism, a trenchant mythology, more history than the country gives itself credit for and, arguably, some of the most approachable natives in the world.


Rank: 4

China is currently the fourth most popular tourist destination in the world, China is expected to replace France as the world’s top tourism destination by 2014.

China is situated in eastern Asia on the western shore of the Pacific Ocean, with an area of 9.6 million square kilometers.

Its continental coastline extends for about 18,000 kilometers, and its vast sea surface is studded with more than 5,000 islands, of which Taiwan and Hainan are the largest.

China has one of the world’s oldest people and continuous civilizations, consisting of states and cultures dating back more than six millennia.


Rank: 5

Italy is a beautiful country. A place of olive oil, pasta, wine, mafia and sunshine, roman ruins and renaissance palaces, Italy has a lot to give its tourists.

It is also a country full of interesting things for the casual tourist and the educated tourist.

Venice and Verona are the most famous tourist attractions in the north-east.

United Kingdom

Rank: 6

The United Kingdom constitutes of England, Scotland, Wales and Northern Ireland.

The country is one of the 15 member states of the European Union and is the leading industrial and exporting country.

The north and the west are made up of high hills and mountains, while the south and east has a lowland zone with milder climate and better soils for farming. Britain’s moist climate with persistent rainfall has given rise to many rivers and lakes.


Rank: 7

Germany’s cities have endless pleasant surprises in store for those who enjoy good food and drink.

In addition to top-quality international cooking, each region has its own local specialities, ranging from hearty country fare at simple inns to modern light cuisine at star-rated restaurants.

Germany has not one but many major cities. And each city has its own unique character, formed by its history and the surrounding region. Today, Germany is also an industrial powerhouse.


Rank: 8

Ukraine is situated in the south-eastern part of Central Europe and has its own territory, government, national emblem, flag and anthem.

It borders on Russia, Moldova, Slovakia, Romania, Hungary and Poland on land and Russia, Georgia, Bulgaria, Romania and Turkey on sea.

The country is rich in natural resources and its territory is mostly a level, treeless plain


Rank: 9

It is the country that unites Europe and Asia, with her glorious past that lasted for centuries.

It is a country where European aspirations sit comfortably alongside Asian traditions and the volatile atmosphere of the Middle East morphs seamlessly into the relaxed outlook of the Mediterranean world.

The land of many cultures, decorated with the most impressive historical ruins and monuments of these glorious ages and epochs, has been the cradle of many outstanding civilisations.


Rank: 10

Mexico is about one-fifth the size of the United States. It is the second largest economy in Latin America.

It is a country in an intermediate advanced stage of development with a positive economic performance.

Mexico is a diverse country and a millennial culture with the Olmecan tribe being the first civilization that appeared around 1500 years BC.

It is rich in traditions, history, art and religion, offering a complete tourist infrastructure.

Tuesday, September 14, 2010

Credit Card and Debt Tips !

1. Know about your credit cards. When you get the bill, look it over until you find the APR (annual percentage rate), which is the interest rate. Credit cards sometimes list other percentages and fees, but the APR is what will get you in the end. List your cards from highest to lowest APR. For instance, put that 27% interest card first, and the 0% cards last.
2. Work from the top down. Pay as much extra as possible on that top card each month. Make minimum payments on the others. When that highest card is paid off, start the process with the next card on the list. Carry out this procedure until all the cards are paid off.
3. Round up. For speeding up the time it takes to pay off your mortgage, simply add a few dollars each month. Those dollars are applying to the principal, and even a few dollars a month can trim years off your debt. One idea is to round the amount up to the nearest ten.
4. Emergencies? Experts disagree about the wisdom of keeping one low interest card on hand for emergencies. Frankly I think it makes some sense,  The bottom line is how you define an “emergency.” If it’s seeing a great deal on something you’ve been wanting, like a new guitar, maybe, but you don’t have enough money to cover it right now . . . well, that’s not really an emergency!
5. Keep it empty. If you do keep one card on hand for convenience or whatever, the best policy is to always pay it completely every month. Otherwise you are actually living beyond your means..

Hopefully most of you know these already !

Saturday, September 11, 2010


#1 - Keep A Training Journal For Real Results
#2 - Stay Mentally Focused When Training
#3 - Have a Detailed Exercise Plan Before Training
#4 - Maximize The Windows Of Opportunity
#5 - Make Sure To Rest For Growth
#6 - Always Shock Your Muscles
#7 - Try Different Forms Of Exercise
#8 - Avoid Overtraining Your Body
#9 - Monitor Your Body Fat Levels
#10 -Optimize Your Diet For Maximum Growth

That's just a few of the many things you can do!

Thursday, September 9, 2010


Top 10 Travel Tips

  1. Have a good time :)
  2. Take out appropriate travel insurance to cover hospital treatment, medical evacuation and any activities, including adventure sports, in which you plan to participate.
  3. Before travelling overseas register your contact details online or at the local  embassy, high commission or consulate once you arrive, so we can contact you in an emergency.
  4. Obey the law. Consular assistance cannot override local laws, even where local laws appear harsh or unjust.
  5. Check to see if you require visas for the country or countries you are visiting or transiting Be aware that a visa does not guarantee entry.
  6. Make copies of your passport details, insurance policy, travellers cheques, visas and credit card numbers. Carry one copy in a separate place to the originals and leave a copy with someone at home.
  7. Check with a health professional for information on recommended vaccinations or other precautions and find out about overseas laws on travelling with medicines.
  8. Ensure your passport has at least six months’ validity from your planned date of return.  Some countries will refuse entry on arrival and some airlines will not allow passengers to board flights if their passport does not meet this requirement.  Before travelling, you should contact the Embassy or high commision of each country you intend to visit to confirm the entry requirements.
  9. Leave a copy of your travel itinerary with someone at home and keep in regular contact with friends and relatives while overseas.
  10. Before departing check whether you are regarded as a national of the country you intend to visit. Research whether holding dual nationality has any implications for your travel.