How to earn more profit: 5 ways to succeed

So how can we earn more profit? How can we achieve more income to cover our costs and expenses? Earning more net profit is not impossible. However, you must bear in mind that it cannot be done overnight. It takes a lot of knowing yourself and knowing your surroundings. Placing ourselves from financial security lies in our own hands. But a total victory for our financial freedom lies not only in our hands but also in the favor of our environment. This means to achieve our every financial goal, we need to find every opportunities that can be found within ourselves and within the things that surrounds us. The following are Read more

Can gluttony make us poor?

Can gluttony really make us poor? Yes it can, as well as drunkenness. Even the Bible has warned people to not be tied up with gluttons and drunkards because they become poor.

“Do not join those who drink too much wine or gorge themselves on meat, for drunkards and gluttons become poor, and drowsiness clothes them in rags. – Proverbs 23:20-21”

Spending too much on foods and wines can exhaust our money and even our unsold assets Read more

How to reduce your monthly expenses?

We are facing a monthly challenge, and that is how we can manage our monthly expenses. Business, professional, personal and household expenses are spent because we need or we want them. But sometimes coping our expenditures become a hard task that usually goes beyond our income and resources. The result is falling into debt and other financial troubles. Who wants to have stability in his or her personal finances? Of course everyone wants. That’s why, we should learn how to handle and tame our expenses daily, weekly, monthly, yearly or even permanently. The following are ways Read more

5 ways to avoid poverty and becoming poor

Who wants to become poor? Who wants to become a prisoner of poverty? Probably, no one wants to become poor. We dream of riches. We desire it not only for our own happiness and consumption. We want it also for our family and maybe for our country. But being rich is not an easy task and avoiding poverty is not a goal that is usually achieved. However, avoiding ourselves to become poor lies in our own hands. The following are five tips to secure ourselves and avoid financial deficiency. Read more

How to take care of your money?

Money can be everything to us if we use it the right way. That’s why we should do our best to save them and let them grow in our hands. Although money is just a piece of paper or just a coin of metal, we should also take care of them so that they may always be in our sight. But how can we take care of our money? How can we assure that these precious things, if only have emotions, will become glad in the hands of their masters? The following are ways to make them properly serve you. Read more

What is a statement of cash flow? Financial definition

International Accounting Standard (IAS 7), issued by International Accounting Standards Board (IASB) states that the statement of cash flow analyzes changes in cash and cash equivalents during a period. Cash and cash equivalents comprise cash on hand and demand deposits, together with short-term, highly liquid investments that are readily convertible to a known amount of cash, and that are subject to an insignificant risk of changes in value. An investment normally meets the definition of a cash equivalent when it has a maturity of three months or less from the date of acquisition. Equity investments are Read more

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