Tuesday, March 05, 2013

Saving Money for Retirement

Came across this simple article about saving for retirement. Well for most employed people, the only option to have a comfortable amount stashed for retirement is to save, save, save! Even for a homebiz entrepreneur, saving is indeed a must too. However it would also affect your cash flow. When you put away a portion of your earnings, you are reducing that portion from working in your business.

On the other hand, if you don't put away some sum, you may not have enough when it is time to call it quits. And yet, just putting away money into your bank account is still not enough especially since there is inflationary pressure on every cost of living, you would find your purchasing power shrinking and when you retire, the money that you saved did not quite meet up to the future cost of living.

Anyway, the simple article here stressed the need to plan for retirement and to have prudent spending on your current earning. This may be easier said that done as there are dependents. You may have a family needs to take care, child education to plan, and it would seem there can never be enough leftover for savings.

Friday, February 08, 2013

Starting the New Year 2013 with New HomeBiz Projects

It's been a long while since I last posted anything on my HomeBiz blog. Having shifted it from another hosting company and then giving up the domain for this current version. Well in business there are ups and downs, and finding the right niche in the business blogosphere was just the same, not to mention very extremely competitive!

Well at first you don't succeed, try and try again. Meanwhile you would need to restructure and re-organize (sounding just like those big corp after having taken a major hit in their profits). And looking at my old website, I decided to redesigned the new template using an existing blogger template. Kept it simple but still looking nice. Nothing fancy, just try to make it soothing to the eyes at the very least to avoid garish design that would not go well with visitors that happened to drop by.

Anyway, the past 2 years was huge letdown by Google with their Panda and Penguin algorithm, and very likely made many affiliates and webmaster cry bloody murder. My own sites was not spared either despite not doing anything spammy and trying to be as authoritative as possible and yet still got hammered by the software that has no soul and empathy. It was just doing what it was programmed to do. After all it was a robot, and robots has no heart. You have been terminated! So to speak! That's why in the Terminator movies, the heroes had a hard time fighting those robots!

Anyway, I'm trying to re-look for a new angle for my SoHo Home Biz site. The old stuff were a bit too negative, and scaremongering probably won't get you anywhere much. I would still keep it around and just archive it in my website somewhere as it progress.

In the meantime, a friend of mine introduced some interesting online scheme. The returns look great, but if it is too much of a good thing, it may not be so good as it could be a scam. Anyway, just give it a try and at least recover my capital first. Not the first time I lost money.

As they said, "Fortune comes to those who dare." and I have dared many times.

Anyway good opportunity are not so easy to come by, but if one does come along, even though it is high risk, well, if you got spare cash to risk it for high returns, why not give it a go?

Of course not everybody has the stomach for this. And thus still kept on chugging at their old job, or hard to sell MLM program, and various other agency stuff. It takes a hard nut to clear the 80% failure rate. As Napolean Hill observed, you just might be at the tipping end on the verge of success and then you gave up. Not knowing you were so close to clinching the big deal of your life!

So reach for the stars, and keep your feet firmly on the ground.

To HomeBiz success!