Formula for Managing Your Time

Americans lead busy lives. It seems they’re always saying, “There aren’t enough hours in the day!” They get stressed out trying to get it all done. Time is one commodity for which you can’t get a refund. Time management can become very important in a person’s life, especially if you feel you don’t have enough time to accomplish things.

One of the most important aspects of time management is learning to say no. Do not over extend yourself and pick up projects or duties that immediately add stress to your life. You will know in your gut whether it’s a responsibility that you should accept. Listen to your intuition.

One of the first things to examine is how you spend your time. Keep a log and get a clear picture of exactly how you are spending your time. The more accurate the log, the more accurate your formula will be.

The 10/70/20 formula is a popular time management tool. This formula requires you to divide your time into Past, Present and Future. The idea is to spend 10 percent of your time dealing with past duties such as paying bills or finishing a project. The present should take up the most time (70 percent) doing things like working or researching online courses at eLearners.com. Twenty percent is spent on future duties. Future duties would include something like preparing an agenda for a meeting next week.

You can even tweak the numbers for this formula depending on how you log your time. You can change it up and use 20/60/20 if that fits your lifestyle. The important thing is to look at your log and manage your time in a way that fits your needs.

Postcards Help Create New Customers

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We all have our favorite neighborhood businesses. The dry cleaner around the corner. The shoe repair guy down the block. And we can’t forget that tasty pizza parlor! The only way for a business to stay in business is by expanding their customer base. If you’re a big chain you can send out an email blast or a flyer tucked into the newspaper. For local businesses, the best way to attract new customers is with a simple postcard. This can provide a reminder or introduction of the services a business provides. They are completely effective because everyone reads the postcards that come in the mail. The challenge is to make sure they hang onto that postcard.

One of the concerns that small businesses have with postcard mailings is who to send them to. Fortunately, there are many services that can provide mailing lists and address labels. There is nothing wrong with this even if you address the postcard to “current residence.” You can target a postcard mailing by focusing on the surrounding zip codes of where your business is located.

The best way to attract new customers is by offering something special. Why do you think black Friday sales are so huge? A simple discount on their next purchase or a special added surprise for a store appearance could do the trick. The goal is just to get the postcard into their hands. Then let your services speak for themselves. Most online printing companies offer next-day shipping for postcard orders. This means that once you’ve signed off on your design and content those postcards can be printed and shipped to you right away. This is especially important for peak shopping times of the year when you want to attract those new customers. And don’t forget to build your own mailing list of existing customers. There is value in every name!

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Math to Guide Personal Finance

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Math has no morality. It can be used to mask the intentions of certain industries, which is part of the reason why consumers must do there best to have an understanding of math and finance in order to protect themselves and make their money work for them.

People make mistakes with money for many reasons. It is easy to go over budget and indulge in unnecessary consumption. In difficult economic the loss of a job or weak wage increase can also make it difficult to stay above water. Keeping up with the bills is difficult enough without worrying about easy pitfalls that could be avoided with just a basic mathematic knowledge.

Payday loans charge such high levels of interest that it could create an even worst problem to take one out. It is best to calculate the interest that taking out the loan with cost and seeing it that amount can be covered when the loan is due before even considering a loan. If performing the calculations are a problem there are plenty of interest calculators available for free online.

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Finance as a Zero Sum Game

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Finance is a zero sum game, which makes it similar to a piece of cake or pie. Zero sum is the math concept that states that taking a bigger piece of the pie means that there is less pie for everyone else to enjoy. Finance is not an industry such as computers or genetics where new inventions can create wealth. There is a finite sum for financers to work with, and that is the reason why major banks fight each other over the pie.

When Discovery Card attempted to partner with banks in order to issue their service through banks, Visa and MasterCard partnered and used clout to prevent banks from issuing the product. Discovery Card later won a major lawsuit settlement and the right to issue their card through banks. If the economic pie was limitless and the best products and services would naturally win out, why would Visa and MasterCard risk the threat of a lawsuit and payment of damages. The mathematics behind finance helps to explain.

A basic operation of a bank is to issue mortgages. Laborers must work to pay the mortgage. The bank earns money due to the interest rate on the loan. Does this mean that the bank has created money? The labor of the individual created the wealth. The value to the economy is the result of creating something that can be used or enjoyed. Money is a measurement. It cannot be eaten or lived it. If banks printed limitless amounts of money it would not mean anything without the products of labor to build homes, grow food and weave clothes.

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