Warren Buffet says “If you can’t manage your emotions, don’t expect to manage money. ”

The moment we make a decision to follow our passion, we are wealthier in the moment, and it helps us fall in love with the journey to financial wealth. What’s your propulsion system that you have internally so you can create your real wealth?

Tune in to find out the key that allows us to have the staying power needed so we can create tipping points of financial wealth in our lives. There’s so much more wealth being created in the world right now – are you creating yours?

Maria Andros has over 500,000 views on YouTube! Maria shares with ‘A BraveHeart View’ panel how to use video to leverage your business and increase your results. Using video to market your business is easy for everyone…even a beginner! This is a show all entrepreneurs should be watching!

Women in Business-Video Marketing Queen-Maria… von BraveHeartWomen

BraveHeartWomenTV

Before my daughter left for college, she got a checking account, linked to her parents (of course), and then later a credit card with a very low limit. The idea here was for her to learn to pay for things herself before she got out into the big bad world on her own. I like starting them on these things while they’re still under their parents’ roof, so they get practice, and when they decide on the 5 jeans, and then realize there isn’t enough dough left for lunch and gas money, guess what? They brown bag it to school and take the bus! Or they ride with friends, etc. There’s no harm in their experiencing the consequences of overspending while they are with you, and their limit is low.

You can get a card with just a few hundred dollars limit, and then help them pay it off in full and on time every month. This is actually very good because it builds good credit, it gives them practice, and they feel like a big shot! Not only that, they aren’t constantly asking you for to cover the pizza fund. Well, probably they are still asking, but at least your child can see how far a finite amount of money goes, and learn to adjust, or not!

Another good practice for them is when they lose a card. Sooner or later they will, and you can show them the process of quickly calling their card company and getting the card canceled. Don’t be too judgmental with them at first. They are going to make some interesting decisions, and that is good, because you are there to help out if and when trouble comes.

Another option is having a cash credit card. This is where you personally dump a certain amount of money onto a card, and then when the limit is spent, that is it. Your child doesn’t actually have a line of credit anywhere, but the experience is very similar in terms of using the card around town. I know a couple who would add a couple hundred dollars or so every month onto their son’s card, and then he was responsible for his expenses that month. I think this is a great idea as a precursor to actually having a credit card. You could do this at 16 years old, and then move up to a credit card afterwards.

Much in the way there is no magic number regarding allowance, there is no magic age for this to begin. It has a lot to do with your child’s maturity and impulsiveness. Most kids think it is very cool to have their own card, and they usually can’t wait to be in charge of their own money, because they typically believe their parents are holding out on them. There is only one way for them to understand that when the money is gone, and it is only the middle of the month, that they now just have to make do until the next pay period. Trust me. You can preach and holler till you’re blue in the face, but not one of us is capable of understanding this until we experience it for ourselves.

One last benefit of them having their own card, is that their expenses are itemized for them, and this is priceless! They will tell you, themselves, their pastor, rabbi and creditor that they “didn’t buy anything!”, and can’t understand why the stupid credit card company is being so mean and actually froze their card because they went over the limit. Ahahahahahhaha. It’s so cute to see their little eyes bug out of their heads as they scan the bill and find all their merry little spending sprees spelled out for them, one after another, as they wail “Oh, I forgot all about that one!” The final beauty of this is that you don’t have to say a word, since it’s all there in black and white.

So always bring money into the conversation with kids, but keep it short and sweet for the most part. A long exegesis is the short way to turning them off, so just make sure they know the basics and that they see you have a good attitude about money. Remember, their emotional intelligence is superior to yours, and they can sniff your fear and loathing a mile away, if that is what you’re bringing to money. As Catherine Aird said, “If you can’t be a good example, then you’ll just have to be a horrible warning.” Well, it’s never too late to learn, and there’s no harm in learning even as you teach your child.

Kids want the independence, but they rely on you to keep them safe as they learn. Check out cardratings.com to find the best cards compared side by side. Remember to get a low limit ~ just a few hundred to start ~ and don’t pay an annual fee, and get a low rate.

Let’s take a brief look at three such notable women in business; a world-class CEO, an innovative entrepreneur, and a leading consultant, and see how they have helped shape the business world as we know it today.

Carol Bartz (Yahoo!, CEO)

In 2010, CEOs of fifteen Fortune 500 companies were women. One of these influential women in business is Yahoo! President and CEO, Carol Bartz, who became its Chief Executive Officer in early 2009. At that time, Bartz took over the helm of the third most-visited website when its market share was declining. She faced the difficult task of turning the company around and was able to score deals that enabled Yahoo! to maintain and enhance its core business. Despite some expressed doubts that Yahoo!’s position has improved; many believe that Bartz has performed better than expected. Bartz served as CEO at AutoDesk before joining Yahoo!.

Anita Roddick (The Body Shop, founder)

Many successful women in business are also ground-breaking entrepreneurs. One such woman was Anita Roddick, founder of the cosmetics firm, The Body Shop. Roddick started her company in England in 1991 and, over the years, it grew to become the world’s second largest beauty products franchise. But The Body Shop is more than just a successful venture; it is a revolutionary way of doing business as well. It was founded on the principles of “ethical consumerism” and fair trading practices, which contributed to the brand’s image. Roddick died in 2007.

Linda Solomon (Deloitte Consulting)

Expert women in business can also be found in the consulting industry. Linda Solomon is a leading consultant at Deloitte. Solomon has a considerable consulting career which began in 1990. She now serves as head of the Deloitte’s Homeland Security consulting services, which is one of the firm’s most important divisions. Solomon has implemented a successful financial optimization program in her sector as well. Solomon was named one of the top 25 consultants in 2010 by ConsultingMag.com.

These three women are only a few examples of how women have influenced the business landscape. This proves that in business competence, not gender, determines success. Women now have better chances of landing in topnotch positions, gone are the days that women are left in their houses to take care of the family home.

For exemple in Spain the wage gap between men and women is increasing in the direction of companies. The average salary of Spanish executives last year stood at EUR 50,045 gross annual, 7.1% less than 52,759 euros the previous year (considering the effect of inflation). Meanwhile, the remuneration of directors fell to 57,778 per year, 4.95% less than last year (59,535 euros).

If in 2006 the wage gap between managers and the directives was 11.38%, this margin increased two percentage points last year, up 13.38%, according to a study on wage trends of human resources consultancy ICSA, made from a sample of 21,365 managers.

The compensation of executives of large companies in Spain? Without distinction by sex? declined last year by 9%, going from 72,602 to 67,530 euros per year. The executives of midsize companies perceived 62,496 euros, 4.3% less than 63,991 euros in 2006.

Managers of small enterprises were least reduced their wages, though not spared from a fall of 3.9% (50,218 euros, compared to 51,177 per year in 2006).

The managing partner of ICSA, Ernesto Poveda, it left yesterday the reasons for the widespread decline of wages, although he said that one reason could be the entry of younger people in positions of corporate responsibility, which could justify a wage reduction. Poveda said the trend is still downward this year.
The variable tranche of earnings also suffered last year. If the fixed salary decreased by 4.9% (from 53,587 to 52,020 euros per year), the variable wage fell by 11.1% (of 4,763 euros to 4330 euros per year).

However, increased fringe compensation: the enjoyment of a mobile phone increased from 21% of executives in 2006 to 45% last year, the notebook PC, from 23% to 51% and the automobile, from 21% to 59 %.

Source: expansion.com

I hope that if you read the note The return flow of funds or cash flow you are been convinced of the importance of a return flow of funds, now I suggest that you read these simple tips to keep your cash flow healthy:

1. Spend as little as possible: This is especially important when starting a new business. Before you buy anything ask yourself if you really need it if you can fix it, do not buy it, save the cash.
2. Do not buy hardware that does NOT need: To complete the previous suggestion note this: a PC, printer, digital camera, if not needed immediately, do not buy, with so rapid technological developments, one thing is for sure, tomorrow is better and cheaper. If you are friend or gadgets ( “technological gadgets”) Convince: You really do not need to monitor the 23 “Apple Cinema.
3. Be realistic, brutally realistic, if I allow the word: always overestimated its expenses and underestimate your income. Your cash flow should be provided (at least until your project is stabilized) in the ‘worst scenario’. If you know the fact that your company can arrange for a time even when things do not go all that well, then you know you have many chances to survive in the medium term, it will completely change your perspective and you do not mind if you show the best setting!
4. Chase invoices as delays: I know this may sound a bit harsh but I say this from experience (bitter personal experience …) as your client is late, start calling to complain. If you do not press and the company has financial difficulties, bring your bill after the other providers more insistent, and you will get your money at the end, if there is money …
5. Update your cash flow spreadsheet regularly: As time passes you will see that some of the assumptions made with respect to revenues and expenditures were incorrect. No matter if things were better than planned, when disputes arise, adjust your cash flow or even better keep a spreadsheet of projected cash flow and real. Until the first year of operation is probably a good idea to review and adjust the schedule each week, depending on the type of enterprise. Then, each month will be fine.
6. Court costs everything possible: Give a look to the column strict expenditure and cash flow. Can you get a better price on any item? Is there any item or postpone dispensable? Remember that any savings, however small help in the difficult time of the beginning.
7. Remember, customers do not always pay on time-rather the opposite …. When you plan your cash flow always do so considering that it takes much longer to collect what is intended. Make sure your cash flow does not depend on a very high% of their invoices are received on time. If your cash flow is dependent on a particular bill, be sure to keep a good line of communication with the company owes, and to communicate with them long enough to have leeway in the event that this company has a problem.
8. Adjust the billing cycle: If the nature of your business allows it, try to organize the weekly turnover. In this way, once its initial cycle, you have accounts receivable every week, which will help balance the cash-flow.
9. If you have to charge every month, shortening the cycle: To leave your last bill before the 25th day, so your client will have at the beginning of the month.
10. Do not crowd to deposit checks once a week. In mean while anything can happen.

Of course the cash flow is not unique, there is a phrase well known among entrepreneurs: “cash flow queen” because without capital, no business holding. But we must not fail to monitor the gains. After all you can have a good cash flow and few gains, and business does not work either.

Source: mujeresdeempresa.com

“But how am I going to save now i don’t have enough money at the end of month. When I pay the fees of the credit, or change jobs, or when I raise the salary, or change the order, or, or …?

A wise old proverb says: “There are a thousand excuses to justify failure, and no reason to explain it.”

In short, incorporating the habit of saving is the inclusion of any other positive and healthy habits, like quitting smoking, going to the gym, practicing yoga, or dieting, to name a few.

Efficiency, regularity and continuity depend solely on the relationship we have with ourselves.

That is why the first questions we should ask us to make savings in our economy continuing personal and / or family are:

* How important is for me to create a reserve fund?
* What I want to generate?
* Am I clear the different purposes?
* I made a list of events that may occur and impact on my personal finances throughout my life?
* I know the differences between the needs of short (1 to 3 years), the medium (3 to 8 years)
* What about the long term (9 years)?
* Do I want to really save, I am willing to do?
* How hard can it be for me to fulfill this mission?
* Are truly my priorities within the proposed savings?

At the same time, they should be answered with the utmost seriousness and sincerity as possible, because if at some point our plan falters, it is advisable to keep in mind our original motivation and commitment made to ourselves.

A few suggestions to try to manage our household finances and position in the difficult and almost impossible task for some compulsive spender, savings:

Personal Savings Plan

1 .Start keeping a record of personal expenses, “the most extensive and thorough as possible. The major items to consider, for example, can be:

2 .Develop a written budget, based on the proposal template above. Consider spending by expenditure item by item in detail and redefining priorities.

3 .Depending on the outcome stipulate in writing how much I save each month and how much I have saved for the end of this year, next and what purpose or use those savings to feed him. A good indicator for this can be compromised with a savings target of 10% of my income. The Golden Rule is “short-term savings are used to finance short-term and long-term savings for long-term costs.”

4 .Respect the slogan do not make any expenditures outside the budget. If comes an unexpected I propose replace it for one of the other or leisure category that are at the bottom of priorities.

5 .Pay particular attention to item interests, especially in these times of high interest rates, mainly dragged by borrowing on credit cards and banks, and also for punitive damages or payment of taxes and services, to avoid drip effect. In cases where there is a habit of paying late, however, without considering the hidden cost or seemingly insignificant difference, it may happen that by adding all these concepts we might save $ 30 or $ 40 in the month, which in a year equals $ 500 approximately, which can serve to take a couple more days of vacation, better choose a hotel, etc.. and where the perception of value becomes important.

6 .Avoid borrowing costs to cope with regular consumption. It is preferable to postpone for a few months incurring unnecessary costs (remember that many times in some areas you have a lot more than you actually need) to be clear and orderly our family budget.

7 .Deletion of the cost of entertainment to improve its use, such as going to the movies on Wednesdays, or by taking advantage of the large deals and discounts offered by many clubs from which benefits may be part.

8 .Ascertain that seem fixed costs are actually variable, and therefore can be reviewed and reduced to the immediate. The typical case is the “black box” of the summary of my credit card, insurance where there are “tastes” that would have prevented if he had acted rightly.

9 .Take the job of scoring next to the amount budgeted for that month for each item or concept expenditure. If you can not do every day, do at least once a week.

10 .Ideally, make the budget from front to back, thus giving priority to the amount to save, for example fixed how much I want to save this month and on basis of this I distributed the remainder among all my expenses, assigning priorities to each spending.

While it seems difficult for some may be more than for others. Only issue is proposed.

The key is discipline and the secrecy is to be clear about my goals and my priorities.

Source: Dr. Fernando Weimberg specializes in Personal Financial Planning in Business & Family.
Member of the Institute of Financial Planning CAPS
www.mujeresdeempresas.com