Financial Fears

A growing concern among families on the Indian subcontinent is that they will OUTLIVE their retirement savings and only 2 out of 10 have retirement plans at all.Surveys by life insurance companies show that up to 77% believe they won't have enough to live on.It wasn't that they were caught unawares.There has been a tremendous change in tradition whereby a family would take care of it's older members.A greater mobility among young members of families had taken them away from family bases and the family safety net had gone into fragmentation.

Across over in Taiwan in a survey of 4500 students between 14-22 , an alarming majority of these leaders of tomorrow have considered suicide with about 23% still considering it on a recurring basis.These young people feel that they are good for only tests-university entrance exams and others.They decry a lack of homegrown heroes or role models they can look up to or imitate.Most of them don't know what to do after leaving university.Family ties have crumbled with both parents having had to work while children were sheltered to a point they can handle no setbacks even the death of a pet.

The biggest challenges ahead lie in what we are going to do or have made ourselves capable of doing , if things and support systems that comfort us are taken away or crash.The risks and accompanying fears in the marketplace will confront us as global economics evolve .Nothing is sacrosanct and could be ours forever [ especially our job/s] .What we need to do is to get out of being boxed in.Take a safe risk now - risk everything - your job,your good time parties,even your own tower of systems.Radically transform your income generation because it costs you nothing to get started while you still have a job.

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Cally Rao

The Realities of Web Hosting Today...

You are a small business person, or are about to start. You care deeply about success. It's more than the money. It directly speaks to quality of life, to freedom and independence, to self-fulfillment.

99% of small business sites fail. The small business Web hosting industry even has a term for this, the "churn rate". [SHOW] .Yes, old-fashioned Web hosting, the standard Web hosting that is offered everywhere and by the largest of companies, virtually dooms small businesses from the start. SBI! is modern Web hosting, complete with all the tools you need. If "Web hosting" was "transportation," SBI! would be a NASCAR or F1 automobile, complete with a full staff of automated pit crew and coaches, that you drive to victory.

What about standard, old-fashioned Web hosts (ex., 1&1, verio, yahoo, etc., etc.)?   "Park it over there in the corner." You rent space on their computers. They throw in a snazzy free sitebuilder and other irrelevant tools. But you get no process, no mentoring. And you pay extra for important, success-generating tools and traffic-building staff.

What about blogging, the latest cheap-quick-easy way to "get online"? For special types of small businesses, it can be a good choice. But for most, blogging is the "new fast way to fail" -- don't miss this analysis.

You should make a well-informed, organized, hype-free decision. Try this decision-making software. After you run through its example, enter any Web host you may be considering, add any factors that are important to you. You will make the right choice.

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Cally Rao

Colonial Revival?

Africa is awakening.It beats it's breast as it sees Asia and Latin America taking off into the future.Africa is still being considered the world's poorest region.The late Jomo Kenyatta was reported to have said that when the colonialists arrived on Africa's shores , Africans had the land while the White Man held Bibles.The white man taught them "how" to pray.When Africa opened it's eyes the White Man had the land and the Africans were holding the Bibles!

There's a lot of huha these days however about a perceived new colonial subordination:Economic Partnership Agreements with Europe.This will lead iniatially to a flood of liberalisation and deregulation of investment and financial cash flows.Africa trembles at the destruction to African cottage industries , loss of tariff income and most of all a loss of it's identity.The identity of a regional African integration process founded on trade between countries in zones ,e.g.the Eastern Zone etc etc.These zones will face the peril of trade diversion to Europe and Africa may once again end up holding " bibles".

That sounds like the EPA's we sign when we go work for a boss,doesn't it?The one sided-agreement working for someone who'll, well , perhaps , teach you "how" to pray.But when you open your eyes , the Boss has your time and talents and you are holding his bible ( the Employee Handbook)!

As a breadwinner or rainmaker you owe it to yourself to wet your feet in the waters of a new frontier.You owe it to yourself!

The Hard Parts Of Your On Line Business..

The Hard Parts

A site or blog, if it is to become a business, is the "easy part" that comes between 1) the planning and 2) the traffic-building and converting of that traffic into money.

99% of e-businesses fail at the critical "hard parts." If you fail at those, your site or blog fails. If you execute them well, your online business thrives. To get them right...  

Use the only all-in-1 product that provides all you need (process, tools, updating, help) to build long-term, profitable e-businesses... businesses with high intrinsic value, equity that you can ultimately sell, just like well-built offline businesses.

SBIers build businesses with growing income and equity. That is what delivers life-changing freedom .

Prosperity, Freedoms, Family, Passion  & Priorities

How To Manage Your Money Better

You have done the next major thing after getting your education and a job.You have just started your family and it is growing.Ahead of you lies the much tramelled road from time immemorial that every family had trudged:how is the family income to be managed.Out in the marketplace in the rush to live it up many fail or refuse to listen to the soft chirping of prudence on money and it's life and death domino role on physical living.Here are three signposts you must never take your eyes off of:

1. Keep 3 to 6 months nett income in a rainy day fund. Your rainy day fund is your first line of defence against declining nett left-over pay and rising expenses.There will always exist the possibility of another downturn or emergency down the road.This rainy day fund buys a cushion of time to keep rowing your boat towards a safe harbour.
2. Save 10% of your income each year. Get off the debt path.Financial distress can place the family on crutches.If you can't manage your credit cards lock them away.Get and keep a handle on your eating out entertainment and impulsive expenses.
3. Explore revenue enhancing options. When it comes to the future should you wholly rely on government or your employer or a bank?Self reliant entrepreneurship is the way to take control of your future.Ninety percent of the wealthy own their own business.In staying where you are,are you building your life or someone else's?Entrepreneurship opens doors.Plant an income tree,not plunge into a capital intensive millstone of a business.Here's an income tree you can plant for the cost of a lunch.   

 Plant An Income Tree,Don't Start A Business Yet..

Beyond The Piggy Bank ,Teaching Kids To Manage Money.

Walking through a supermarket my girl spied a sports shirt on sale for $33.00,marked down from $47.00."We'll save $14.00 if we buy this NOW,"she said.She stared at me when I said,"We'll save $33.00 if we don't buy it at all."
Kids absorb lots of messages,values and attitudes from the media and friends.Advertisements whet their appetite for so many things that they don't need.What we ought to do is give them an understanding of the value of money, of 'herds and flocks'.They also sponge up on your example on spending,living,manners and money management.There are compelling reasons to teach them to be money savvy in today's environment and culture.
How do we then teach them?Schools don't teach that.It's up to parents to help their kids into growing up to be responsible,skillful money makers and spenders.The lessons begin now.

1. Pay them a regular allowance.Then teach them in simple doses how to use it and plan spending.Guide them in the relationship between money and shopping.Be open and frank with them about what amount you can afford to give them now and what you expect them to pay for.Guide them to learn about balancing spending and resources.They don't always have to spend for themselves.If the kids want to forego their allowance to put into a family campfire or road trip for example,let it be.They will learn about togetherness as a family instead of being obsessed on themselves or their needs.
2. Save then spend.The first step to managing money is setting some aside.Help them set small personal goals.Encourage them to buy small items first before they go on to bigger bills.Keep their goal of what they want to own visible to them.If they see something they want to buy for e.g. cut out the picture and tape it to a piggy jar where they can see their money 'grow'.It's especially important,so they don't blow away their 'fund'.If they show prudence and show effort to save you may want to consider a matching grant.
3. One more thing though. Too much guidance you end up controlling or mollycoddling them.They don't learn to think for themselves.Remember, the goal here is competence,self reliance and independence. Let them make mistakes.Stay out of their decisions and let them experience the disappointments of a bad buy.What is precious is they learn how to choose,make choices and grow in making good decisions outside your supervision and your bearing down on them.

Today Is The First Day of the Rest of Your Life