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He has been termed as a legend; many know him as the king of pop and the supreme entertainer of all times. Michael Jackson transcended all races and touched the lives of many people. Whether his influence on his fans was positive or negative, I leave that to you to make your own verdict.

The one thing that Michael did is make money from his music. He paid close attention to his potential and found ways to perfect his music and dance moves while keeping his wardrobe up to date with the relevant costumes. He made good use of his talents to generate immense wealth but the sad part is that he did not manage this wealth properly.

Continue reading ‘Financial Management Lessons to Be Learnt From Michael Jackson’s Life’ »

I have been living on the 60/40 budgeting rule for more than three years now. I had read on this subject in a magazine article and in a conversation with a colleague, I found out a simple system in which my colleague has been using for years.

The Rule (60%)

The 60/40 rule simply says that 60% of your gross income should go to Committed or Fixed expenses. These expenses are your Overhead expenses, meaning the basic things you need to pay to survive. They include:

• Basic food and clothing needs.
• Rent or Mortgage
• Utilities (electricity, water, internet, cable subscription etc.)
• Insurance premiums.
• Charitable contributions.
• Taxes.

It looks simple enough but in my experience putting all committed expenses into 60% of my income was a tough thing to do. But don’t give up as it is very possible to achieve this. Continue reading ‘How to Save More Money: The 60-40 Budgeting Rule’ »

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Everyone uses can and bottle koozies for keeping beverages cold. Most people have collected several of these koozies in their homes from weddings, picnics and even from their employers since companies have lately started giving away koozies as promotional materials to customers, employees and suppliers. This results in lots of koozies getting collected in homes everywhere. Instead of throwing them away, here is a way in which you could end up making some money with it. Of course, it might not make you rich, but may bring in some extra revenue into your pockets.

Collect all the old koozies that you have in your home and additionally offer to collect old koozies from neighbors and friends. Making use of the cushioning property of these old koozies, you can make small pillows out of them and sell them off at local fairs or on-line for very low cost since your material cost for the stuffing is practically nothing. You may also make stuffed animals such as teddy bears and other such animals for valentine’s day and similar occasions. There may be laws that disallow making toys for children using the material of the koozies as stuffing. But decorative items may fall under a different category. Another item that you can make using koozies as stuffing material is cushions for dinette chairs. By making and selling these items at a low enough price, you may end up making money with these koozies that may have been discarded after use. Additionally, you would be doing the environment a favor by acting green and everyone nowadays is capitalizing on re-using and recycling opportunities. Continue reading ‘Make money with old can koozies’ »