Tuesday, November 18, 2014

Trading Forex: The Best Decision You'll Ever Make

A new investment market can be a scary and exciting thing.  Forex trading has been making headlines, is the subject of many books and personal finance blogs across the Internet.  While it is full of exciting possibilities, it is also the least regulated market for trading.  Don’t let worries about scams or unregulated markets keep you from investing in the Forex market.  Trading Forex can be the best decision you will ever make.
Great for nontraditional investors.  For those of us who can’t spend our 9 – 5 working day checking the markets, online Forex trading is a great option.  The Forex market is available 24 hours a day, 7 days a week, meaning the night owl, the new mom and anyone else who can’t fit into a Wall Street schedule can begin investing without having to wait for the markets to open.
More control.  Forex investing requires a broker, but that doesn’t mean you lose control of the process.  You have the choice of online or traditional brokers, and that means you can choose your level of investment control as well.  Most investors like the freedom of online trading with an online broker.  An online broker is there to offer advice 24/7 instead of during traditional working hours. 
Great software platforms.  With Forex trading software like Metatrader, investors can take advantage of practice rounds to help them fully understand the process.  This way, you are not learning your lesson the hard way by spending your money in the market.  Software platforms have a great step by step process to help new investors learn how to read the quotes, read pips and track their performance. 
These great advantages of online trading in the Forex market means there has never been a better time to experiment with the currency markets.

Wednesday, June 11, 2014

Attract Attention and Business To Your Brand New Restaurant

When you open a new restaurant, almost the least important thing is how good the food is. That is probably a no brainer, it goes without saying, you’ve got some good grub ready to serve the masses.  But how do you let these masses know that you have the kind of meat and potatoes, or soup or vegan alternatives, that they want and must have?  You can try to scream from the top of the roof all day and all night, but that will get exhausting and probably end up being unproductive.  No – there’s got to be a better way to get attention to your new restaurant.  Here’s how.

1.  Start a Viral Online Campaign

The best way in this day and age to get attention to whatever you want to draw attention to is via the internet.  Come up with a fun or funny promo video that you can shoot for real cheap using someone’s iPhone and a little magic on iMovie, and post it online.  Post it to YouTube, Vimeo, and of course to your personal and business Facebook pages.  If you make it funny enough, or clever enough, people will share it and that will help spread the business’s name out to everyone.  A little creativity goes a long way, and this free form of advertising is invaluable since it costs nothing and can get so much business toward your new restaurant.  Tweet it on twitter and even instagram it.  You’ll see the money pouring in.

2.  Old Fashioned Real Life Advertising

While a viral video is essential and fun, nothing beats good old-fashioned foot traffic.  If you have a new restaurant, the biggest crime is for no one to know it’s even there.  Sure you can hang a shiny logo on your window, or a neon sign saying “open,” but you need to actually attract attention.  One way of doing that would be to get a trade show banner type sign and hang it from your roof, or post it in front of your door – some place that is visible to both driving and foot traffic.  You never know what hungry denizens of your town will be caught in the net and decide to eat at your new place, and then tell all their friends.  Professional-looking signage can be bought easily at a place like http://thedisplayoutlet.com.

3.  Local Paper Reviews

Local papers are always looking for content.  You may think that they will be annoyed by someone like you contacting them, begging for a review.  But quite the opposite – offer a local paper’s writer a free meal in exchange for a review, and you are well on your way to being a fixture on the local eatery scene.  Local writers are always searching for content and you are actually doing them a favor by providing them with this week’s idea – and a free delicious meal – and both parties in the exchange are going to be better off for it.  So contact the local paper – or every local paper, and watch the rave reviews pour in while you’re pouring drinks for the locals.

Monday, July 29, 2013

Ways to Avoid Lifestyle Inflation

Think back to the last time you made it to that next level of income. Was it a brand new job? A raise? What was your first thought? If it was, “I have so much more disposable income.” Then you are not alone. There are plenty of people who probably have that initial feeling. It’s exciting to make more money, especially when it is your first “real job.” Letting your spending equally grow with your income is called lifestyle inflation and can get out of hand pretty quickly.

Hedonistic Paradox
Have you ever heard of the paradox of hedonism? Well, it pretty accurately describes the dangers of lifestyle inflation. There will probably never be a time in your life when you feel like you’ve “arrived.” No matter how lavish your lifestyle becomes there is always something out there that is bigger, better, and more expensive than what you have. I like to call it the smartphone principle. If your goal is to have the best smartphone out there, you are going to be spending a lot of money every six months. It is better to learn to be content with what you have than it is to constantly seek new and better things.

Lifestyle inflation isn’t always such a conscience thing. You may be out one day when you see something and think, “well, I can afford that now, so why not?” Eventually that can become a regular occurrence. So the first way you can combat falling into inflating your lifestyle is to become aware of its signs. Keep a watchful eye on yourself whenever you come into some new money. Make sure you aren’t spending right under your own nose.

Stay Behind
Think about this. If you are struggling to make ends meet and you finally get more money that’s great. However, if you let your lifestyle inflate, your new expenses will eventually swell to the point that you were at in your old income. It’s like you are kid who buys a whole new wardrobe of large shirts as soon as you fill out your mediums. The best thing to do is to let your income get a few paces ahead of your lifestyle. That way you can easily handle all of your expenses.

Another thing that could serve you better than splurging with your new found income is using the money to bolster your savings. There are plenty of things you could apply your new income too you’re your 401k, an emergency fund, a child’s college fund, of general all-purpose savings accounts.

Destroy Debt
There is one thing that you should definitely take care of before you let your lifestyle inflate; debt. If you have pre-existing debts you are really hurting yourself if you start to spend more frivolously after an increase in income. Whether it’s student loans, credit card debts, or some other thing that has you in the whole, an increase in your salary is your chance to pay them off. 

Considering these tips, try to avoid letting your lifestyle grow to consume more of you money. Try to focus less on acquiring material things and more on time with friends and family.