Wealth Manipulation

ByHerbert L Brown

Being wealthy is not enough on this ever-so-struggling world. Yes, everyone strives to earn more, but earning more is not enough, not every business is stable, even stable firms tends to slip-off every once in a while, so it is really not enough to earn more.

Funds today might not reach tomorrow if the company lacks money management, the process of monitoring the flow of money earned by the company, managing it to cut spending and still keep on earning, giving out huge profits in the future.

Big earners are often big spenders, but to prevent big losses, good decision making is the key and there are techniques, ideologies that were introduced by Warren Buffett that might help companies to earn more while keeping their funds safe. The first technique is decreasing money spent over social needs. Some social needs that are usually part of the budgeting system of the company must be lessened.

Second technique, is to avoid expenses that have no appeal from investors and everyone else. Any expense that might not cause any huge recognition for the company should be avoided, because it won't do any good if no one will be interested about it.

The third technique is to proceed and pick the most cost-effective alternatives, it means to have different courses of actions (COAs) in any planned strategies, choose the most productive yet cost-effective course of action and maximize the company's effectiveness.

The fourth technique is to focus expenses on more appealing product or service. It means that any primary product or services rendered by the company, which gives them more leverage should be improved and perfected because it is the primary source of profit by the company, therefore expenses for the development of the said product or service is worth it.

The final ideology by Warren Buffett is to predict and foresee any miscalculations of the company in order to track any faults or success that may lead to the downfall or upgrade of the company. This simply means to foresee and plan any expected expenses with the standard of living value system, upon using plus/minus/nil canon to better keep a track of it.

Upon all of these strategies and techniques about money management, it all sums up to keep track on how the company spends its earnings and avoid any unnecessary expenses. Focus on what the company is really good at, whether it is a service or a primary product, the company should maximize its profits by developing their most interesting product or services. By less expense laid on least interesting projects and adding them to the primary source of their income, the company should save more, thus, saving more funds for future use, and the success of the money management of the company, and any person that benefits from the company.

The bottom line is that in order to manage any individual's wealth, it is important to manage the individual's source of income first, targeting the individual's business. By making the business profitable, so does many benefiting from it, managing wealth is not that hard of a task, it's just a matter of ideology, strategizing, planning and budgeting.

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