New businesses can save America

Our country is facing many problems now like recession and unemployment. Starting new businesses can solve these problems. Any kind of legal business from small to large. But the important point to note is that you should hire our people. Don’t hire foreigners. I am not an anti-immigrant. But I want American companies to give preference to Americans. Many companies hire foreigners as they are ready to work with less salary. It can cost you less but its not good for our country.

We got thousands of unemployed people and that’s not good for our country. America is losing its status in the world. Its no more a super power nation as we think. The world don’t respect in the same way as they used to respect us decades ago.

 Its an advice for people who are looking for new jobs to start a new business instead of looking for job. I don’t know whether you get a job of your talent or not but you can create new job opportunities to other people. Use your creativity and come up with some new idea for a new business. Not everyone is a Bill Gates, Steve Jobs or Mark Zuckerberg. But everyone has the same brain. The only difference is that they used it and we didn’t.

Think hard, who knows you may be talented enough to change the entire world. Don’t waste your important time. Think creatively, no matter which field you are in. We are the descendants of the same people who made America as the superpower of the world. We have the same power and talent. Prove yourself to be better than new immigrants.

It doesn’t mean to fight with or hurt the new immigrants. I mean prove the world (and especially to the new immigrants) that we are talented then them. There are plenty of things to achieve. A little thinking can change your life.

Importance of Saving money

I always suggests people to save money and have some fixed percent of income for savings. Some of them took my advice, some of them didn't but realized it lately and some of them ignored it and not realized it yet.Those who realized it later asks me for suggestions.

Many people in our country would have realized it in the recent recession. But for those, who still didn't realized it, no one can save them especially when we are in another recession before recovering from the previous recession. There are plenty ways to save money.

Prepare a budget every month. This will help you in analyzing your expenses and avoid unwanted expenses. Budget is an important tool to manage the money for every family. Write down all the upcoming expenses for a month in the budget and work accordingly. Also note down each and every penny you spend throughout the month and then compare it to your budget.

Contribute to your retirement and savings account as much as possible. Also invest some part of your money anywhere you like. Read other posts. You will get some ideas for savings and investments. If you want some tips then contact me in Ask Me section.

Personal Budget

Budget

Personal budget is a finance plan that allocates future personal income towards expenses, savings and debts. Personal budget is an important tool for everyone. You don’t get rich by earning more; you get rich by using it wisely. You might have heard about many people who earned more but got poor because of their spending habit. If you plan well, you can satisfy all your needs and save some of your earnings. It also helps you in finding out all your extra spending.

There are several tools available for planning your personal budget. Many websites provide software for budgeting and help in managing personal finance. If you have any doubt in preparing your personal budget or want to know the percentage of allocation, you are free to contact me in Ask Moran section. I will help you in preparing your budget. Find out the percent of income to allocate for different categories like house, savings, medical etc. Many people have suggested different percentage of income for different categories. It’s always suggested to allocate a minimum of 20% of your monthly earnings towards savings.

Set a goal for every budget. Your budget should be flexible and easy to understand. Analyze the ways the money is going out and try to block them.  Your debt should not be more than your previous month’s debt. If it is exceeding then try to cut down your expenses but don’t reduce your savings. Track all the expenses and make sure that no money is spent on the extra cost.

Saving Money

The recession which the entire world entered in December 2007 has shown the importance of savings to us. Even though it is said that we are recovering from the recession but still in many families we can see its effect.

Empty Wallet

Our future will be in great trouble if we still didn't get the importance of savings.
Every year many of us make new year resolutions to save more money but never followed it. But now it's time to do it.
In general people should save at least 25% of their income but many of us save less than 1% of our income. That's not good for us and our family. One shouldn't expect it to be made by the employer or the government.
Twice as many Americans are saving more money today than they did before the recession, according to a survey conducted by America's Research Group for CNBC.com. That's good news. But thats not enough.  It should be done by each and every individual. There are many ways for savings. We should think and use them. Our future is in our hands.