The Big 8 Formulation of Financial Quotient (Part 4 - END)
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# 7 CREATING ASSETS CAN NOT LOST
The key to financial freedom is to create assets that can provide positive cash flow. However, in terms of physical assets could be lost at any time. Probably stolen, robbed, or lost its value because it is no longer productive.
It is therefore necessary for us to create an asset that can not be stolen, lost, or robbed. The assets are way of thinking and how to act. Okay, you maybe total bankrupt because something. But if you still maintain a way of thinking and smart action financially, then all the missing will return.
Way of thinking is paramount. Because it affects the way the act of think. Way of thinking affects the attitude you have to take on any issue. Way of thinking will save you in these days of rapid change.
#8. UNDERSTANDING THE SIGNS OF THE MACRO-ECONOMY
The business world is an integral part of the economic system in general. So, it is important to understand the signs of the macro economy. Because from there, you will see a variety of opportunities that can be utilized, as well as the potential barriers that need to be anticipated from the outset.
Begin to observe what is happening with our macro economy. Indicators that should be observed at all times: the level of economic growth, exchange rate against foreign currencies, inflation, interest rates, stock indexes, and the unemployment rate.
High economic growth opportunities for many areas. Moreover, when interest rates low enough so that the cash flow to all areas of business. Society is relatively more easily spend money. Stock index will rise, which marks the world entered a period of booming business. It's time to invest in the shares or business real sector in general.
But if it is accompanied by relatively high inflation rates (beyond the government's prediction), then be prepared to enter the dark period. High inflation will be followed by higher interest rates and depreciation of currencies at the country. The money will be sucked out of circulation, so that any sale will be difficult. It's time to put some cash in the form of deposits or foreign currency. Or, time to buy a property whose value has been corrected.
In principle, the economy like a pendulum swings between growth and stagnation, between inflation and interest rates, and between real and monetary sectors. Sectors of the economy's real sector that directly generate output. The output is usually in the form of goods and services. Trade, industry, agriculture, tourism is all entered the real sector. Because they are directly employed in production and human resources and pay wages. The real sector is usually characterized by labor-intensive sector, though such guns forever. While the monetary sector output has a form of capital. Industries such as banking, capital markets, insurance.
If you are able to find the pendulum swing patterns, it is very easy for you to put the assets in the areas of maximum profits.
All government policy, of employee salary increases to rising fuel prices will impact the business. Observe how the government formulates its policies, and what policies might be taken in the future. By looking at the trend of government policy, means you will be better prepared for any event that would happen with the economy and business in the future.
Thus, financial quotient is not only related to personal financial management course. But it has extensive views on the various aspects that affect each other. Either directly in the financial-economic aspects, to aspects of history, geography, political to security in the region. (Financial Planning - END)
The key to financial freedom is to create assets that can provide positive cash flow. However, in terms of physical assets could be lost at any time. Probably stolen, robbed, or lost its value because it is no longer productive.
It is therefore necessary for us to create an asset that can not be stolen, lost, or robbed. The assets are way of thinking and how to act. Okay, you maybe total bankrupt because something. But if you still maintain a way of thinking and smart action financially, then all the missing will return.
Way of thinking is paramount. Because it affects the way the act of think. Way of thinking affects the attitude you have to take on any issue. Way of thinking will save you in these days of rapid change.
#8. UNDERSTANDING THE SIGNS OF THE MACRO-ECONOMY
The business world is an integral part of the economic system in general. So, it is important to understand the signs of the macro economy. Because from there, you will see a variety of opportunities that can be utilized, as well as the potential barriers that need to be anticipated from the outset.
Begin to observe what is happening with our macro economy. Indicators that should be observed at all times: the level of economic growth, exchange rate against foreign currencies, inflation, interest rates, stock indexes, and the unemployment rate.
High economic growth opportunities for many areas. Moreover, when interest rates low enough so that the cash flow to all areas of business. Society is relatively more easily spend money. Stock index will rise, which marks the world entered a period of booming business. It's time to invest in the shares or business real sector in general.
But if it is accompanied by relatively high inflation rates (beyond the government's prediction), then be prepared to enter the dark period. High inflation will be followed by higher interest rates and depreciation of currencies at the country. The money will be sucked out of circulation, so that any sale will be difficult. It's time to put some cash in the form of deposits or foreign currency. Or, time to buy a property whose value has been corrected.
In principle, the economy like a pendulum swings between growth and stagnation, between inflation and interest rates, and between real and monetary sectors. Sectors of the economy's real sector that directly generate output. The output is usually in the form of goods and services. Trade, industry, agriculture, tourism is all entered the real sector. Because they are directly employed in production and human resources and pay wages. The real sector is usually characterized by labor-intensive sector, though such guns forever. While the monetary sector output has a form of capital. Industries such as banking, capital markets, insurance.
If you are able to find the pendulum swing patterns, it is very easy for you to put the assets in the areas of maximum profits.
All government policy, of employee salary increases to rising fuel prices will impact the business. Observe how the government formulates its policies, and what policies might be taken in the future. By looking at the trend of government policy, means you will be better prepared for any event that would happen with the economy and business in the future.
Thus, financial quotient is not only related to personal financial management course. But it has extensive views on the various aspects that affect each other. Either directly in the financial-economic aspects, to aspects of history, geography, political to security in the region. (Financial Planning - END)
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