8 timeless money tips to put to work in 2018

If you’re hoping 2018 is the year you (finally!) get your money on point, it’s smart to look back on last year’s successes and failures, while focusing on new, doable goals. That means foregoing, say, a quest to find the next cryptocurrency or better time the stock market. Instead, try focusing on some tried and true financial rules. Call them cliche, if you want, but they’re certainly effective. Here are 8 timeless financial tips to follow in the new year.

1. Live below your means

If you’re struggling with bills or debt, chances are, there’s a disconnect between how much you earn and how much you spend. Drafting a new budget — we’ve got a good template here — can resolve that disconnect, but here’s a big trick if you’re trying to build wealth: Aim to live below your means, not simply withinthem. That might mean sacrificing a few luxuries or downgrading to, say, a different cable subscription, but it’s a surefire way to maintain long-term financial health.

2. A penny saved is a penny earned

In 2017, it was all about the side hustle. Everyone was driving for Uber, teaching kids English online with VIPKID or delivering groceries with Instacart. But more money can’t solve your financial problems if you don’t put those dollars to work. And if you’re working more and more, but still in debt or barely paying the bills, something’s gone awry. In lieu of looking for more income, think about spending less and saving more. We know, easier said than done — which brings us to our next adage.

3. Pay yourself first

It’s easy to work all month, gather your paychecks and pay the bills only to realize there’s nothing left to save. That’s why many financial experts suggest “paying yourself first,” a method of budgeting where saving is essentially your primary expense. We’ve got a full explainer on how paying yourself first works, but it’s pretty much exactly how it sounds. You budget a set amount of your paycheck that’ll go into a savings account each month and deposit those funds before paying for your other wants and needs. Viola! — savings problem solved.

4. Be fearful when others are greedy & greedy when others are fearful

This advice comes from investment oracle (of Omaha) Warren Buffet — and it’s particularly worth following in 2018. In a world where speculation can drive the price of Bitcoin up from a few hundred bucks to nearly $19,000 in a matter of months, it’s smart to know a bubble when you see one – and to strive to do things differently.

In Buffet’s world, you wouldn’t buy Bitcoin at the top, but at the bottom when most investors are spooked and ready to cut their losses. Of course, this advice doesn’t just apply to Bitcoin. It applies to real estate, the stock market and anything else we invest in, but you catch the drift.

5. Avoid credit card debt like the plague

With the average credit card carrying an annual percentage rate over 15%, 2018 is a great year to break the cycle. Consider taking advantage of 0% APR balance-transfer offers — they’re pretty popular this time of year — to eradicate high-interest credit card debt. Then curb any impulses to run balances back up again.

6. Buy less home than you can afford

In a world where housing prices seem to rise at an endless pace, it’s hard to buck trends and borrow less than you can afford. But it’s more important than ever if you want to keep your financial house in order. By spending less on housing than the bank will lend you, you’re freeing up cash to save and invest.

7. Don’t keep your eggs in one basket

When it comes to investing, your best bet is diversifying your portfolio as much as you can. Make sure you have an appropriate balance of stocks, bonds, real estate and other investments. And if you want to take the easy way out, invest in low-cost index funds that diversify on your behalf.

8. Be prepared

Your future depends on the financial decisions you make today, so think beyond your basic checking and savings account. Be sure to build a proper emergency fund, bank money for retirement in a 401(k) or IRA, think about a college savings plan for the kids and cover your family for a worst-case scenario with life insurance.

Easy Financial Management Tips for Small Business Owners.

There are many different techniques for those who are wondering how to grow a small business, however, for most owners, it starts with the basics: finances. After all, if you do not manage your finances efficiently, the road to success might be endangered with more huddles than needed. With that being said, below we are going to take a look at some top finance management tips for small businesses.

Keep business and personal finances separate – One of the biggest mistakes small business owners make is keeping all of their finances in one place. Instead, open a business account and in terms of credit, get a company credit card. Be strict about using this for business purchases – don’t blur the lines. This will ensure that you are in full control and that you can track your outlays with ease.

Don’t be afraid to ask for discounts – Some companies will be more than willing to give businesses discounts. And, you know what they say – if you don’t ask, you don’t get. You’d be more than surprised by how often you will get discounts and even free items just by asking. You are already buying large quantities, take advantage of your bulk purchases.

Make the most of auctions – Are you in manufacturing? One thing a lot of business owners overlook is the option of buying and selling in auctions. This is a great way to save money. Whenever you need to get rid of anything or upgrade something, you can sell your items in an auction to get as much money as possible. Read up on how to sell at an auction so you can make sure you get the highest price for your machinery and equipment.

Monitor and measure performance – A lot of people wonder how to grow a business, and it all really begins with knowing how you are performing right now. If you do not keep tabs on your company’s financial performance, you will never know how your financial health is at present, nor will you be able to plot how to improve your finances in the future.

Use cloud computing solutions – Another piece of advice you should follow is to embrace cloud computing. Excel is great but in today’s world, it does not save much time. Cloud finance management solutions are becoming more and more popular due to the fact that there are low barriers to entry and the majority of options are free or low-cost.

Don’t procrastinate – Don’t put off your bookkeeping needs. You may think there are other tasks that are more important when it comes to business matters, but you will end up with a big mess on your hands if you put bookkeeping off.

So there you have it: some of the most important financial management tips for small businesses. If you follow the advice that has been presented above, you will go a long way to making sure that all of your business accounts are in order and that you have the perfect platform to flourish. Good luck!

Effectively Maintain Your Power! The Things Most Men Should Know

Have you been working out lately? The holidays are coming so we all want to look our very best and shine in our new clothes. It’s the time of the year where people finally are gathering and can say the magic words ‘’WOW, you look great!’’. At least, that is what we’re aiming for. You want that sixpack that everyone wants to feel to check if it’s real? These are the four ways to build those muscles:

Keep a food journal. If you want to make sure your muscles will be seen by your dear family, start writing down what you’re eating and drinking and count those calories! What does need to be on your list to build muscles? Start reading food labels to get a sense of how many calories you’re already eating. Then, add 500 to that number and start eating that many calories every day. Aim to take in about 1g of protein per pound of bodyweight each day.

Drink shakes. Your nutrition is even as important as doing exercises. Before you start your workout, make sure you take a high-protein and -carbohydrate meal one hour before you’re going to the gym. Best recipe? Mix up a protein shake that has a ratio of about 2g of carbs for every 1g of protein, and sip that throughout your workout. Afterward, finish the drink or mix a new one and drink that quickly. Believe it or not, whole foods are not the best option post-workout as they take too long to digest.

Full-body exercises. Use all those muscles instead of focussing on one area. The more muscles you use during your workout the greater your hormone release will be. Why this is a good thing? Hormone release stimulates muscle growth all day long. Go for that workout where you hit each muscle group with the same volume. This way your muscles will not only grow quickly and safely, also your flexibility will be enhanced with reduced change of injuries!

Change your routine. Don’t let your body get used to the same training again and again. Every four to six weeks it’s time for you to adjust your training scheme. It can be the number of reps you want to change, the type of exercise or the amount of breaks you take during your workout.  

BONUS TIPS!

Top 3 Flavours of Protein Shakes will destroy your protein shake boredom once and for all! For each of the recipes below simply combine the ingredients in a blender and blend until smooth. Add extra water, other specified liquid or ice as needed to create your desired consistency. Serve immediately and enjoy!

1. Very Berry Super Shake

This shake is packed with protein, fiber, healthy fats, phyto-nutrients, and probiotics,says Brian St. Pierre, M.S., R.D., C.S.C.S., sports dietitian and nutrition coach at Precision Nutrition. It can be breakfast, lunch, or dinner.” 

BLEND THIS:
12 oz water
1 cup spinach
2 cups frozen mixed berries
1/2 cup plain low-fat yogurt
2 scoops vanilla protein powder
1 tbsp walnuts
1 tbsp ground flaxseed

500 calories, 57 g protein, 54 g carbs, 14 g fiber, 11 g fat

2. Chocolate, Peanut Butter, and Banana Shake

Youd never guess that a cup of spinach is hiding in this delicious chocolate and peanut butter shake.

BLEND THIS:
12 oz water, milk, or yogurt
2 scoops chocolate flavored protein powder
1 banana
1 cup of spinach
2 tbsp of natural peanut butter
1 tbsp cacao nibs or dark cocoa powder

585 calories, 59 g protein, 22 g fat, 38 g carbs, 8 g fiber (accounts for using water as the fluid instead of milk or yogurt)

3. Dr. Mike’s Power Shake

This smoothie from Mens Health nutrition advisor Mike Roussell, PhD packs in a whole cup of blueberries, and youll also get a dose of omega-3 fats—good for your brain and heart—from the walnuts and flax.

BLEND THIS:
¼ cup low fat cottage cheese
1 cup blueberries (fresh or frozen)
1 scoop vanilla protein powder
2 tbsp flaxseed meal
2 tbsp walnuts, chopped
1½ cups water
3 ice cubes

389 calories, 33 g protein, 17 g fat, 34 g carbs

Advanced Workout Routine For Men

This routine will really separate the men from the boys.

It is high intensity, includes a lot of heavy lifting, and you should aim for minimal rest between sets.

Here you will be training for 6 days per week, with just one day of recovery. It may sound brutal, but if you stick with it you will soon be reaping the rewards of an incredible physique.

Day 1: Chest & Back

  • Barbell Bench Press – work up to a 5 rep max for the day
    • Set 1 at 50% – 1 set of 5 reps
    • Set 2 at 60% – 1 set of 5 reps
    • Set 3 at 70% – 1 set of 5 reps
    • Set 4 at 80% – 1 set of 5 reps
    • Set 5 at 90% – 1 set of 5 reps
    • Set 6 at 100% – 1 set of 5 reps
  • Incline Dumbbell Press – 3 sets of 6-8 reps
  • Dips – 3 sets of 6-10 reps
  • Pullups – 3 sets of 5-8 reps
  • Pendlay Rows – 3 sets of 6-10 reps
  • Pulldowns – 3 sets of 6-10 reps

Day 2: Legs

  • Squats: work up to a 5 rep max for the day
    • Set 1 at 50% – 1 set of 5 reps
    • Set 2 at 60% – 1 set of 5 reps
    • Set 3 at 70% – 1 set of 5 reps
    • Set 4 at 80% – 1 set of 5 reps
    • Set 5 at 90% – 1 set of 5 reps
    • Set 6 at 100% – 1 set of 5 reps
  • Leg Press – 3 sets of 6-10 reps
  • Stiff-Legged Deadlift – 5 sets of 5 reps
  • Hamstring Curls – 3 sets of 6-8 reps
  • Calf-Raise – 5 sets of 10 reps

Day 3: Shoulders & Arms

Day 4: Rest

It’s your rest day. Rest your muscle to prepare for the next round of training.

Day 5: Chest, Shoulders, & Triceps

Day 6: Back & Biceps

Day 7: Legs

Change your food, drinks, exercises and routine and you will be totally ready to show off those muscles at the next event!