Personal Finance, Loans & Insurance

Many personal finance articles have been written on the issue of money.  Can’t say I have been moved to action by many.  First I’d like to say it is ok that you feel down about the current situation about your personal finances.  I give you permission to feel your feeling for the next 24 hours and then pull yourself by your boot straps and let’s what we can do. 

There exist many a definition, I want to share with you  my personal finance definition:

Financial freedom is not an event, it is a skill.

I bet right now with the current economic situation you are saying to yourself, “I just wish I could the lotto!”  Boy don’t we all and yet statistics and personal finance facts show that the majority of people who win the lottery, end up broke and worse off before their winnings! Imagine that.  You among the many seeking wealth, riches, fame few people realize that money isn’t the solution to their problems;  the way you think about money is the problem and the solution. 

I can almost see you going oh yeah, give me the money and I’ll show you change in mindset!

My favorite entrepreneur of all times, Henry Ford was once asked, “What if you lost everything you own?” He responded without missing a beat: “I’d have it all back and more within 5 years.”

Being a master of your own personal finance is not about what is in the bank; it’s about the ability to acquire the skill that will show you how to produce new streams of income and wealth based on your knowledge and experience.

So before we go any further on this issue let us tackle the real problem here that is impeding your personal finance for good!  Why you might ask?  Well without the mastery of these 5 steps, your desire for your goal for financial success and financial freedom is highly unlikely!  This is why big players in any industry have coaches, Oprah has a life coach, football players and basketball players have coaches and mentors.  Tiger woods after every bad game will go in for coaching and training.  Why?  Those who achieve great financial success do not go it alone.  They always have a team.  Those who achieve great poverty have the do it yourself mentality!

Why is it important to plan personal finances?

5 Steps That Will Guarantee You Become Master Your Personal Finances

1. How do you think about money? Say you come up with an idea to do something. Do you think that will never work?  Are you afraid to follow through?  Are you scared of loosing money or do you see every dollar spent as an investment?

2. How do you manage and invest your time?  The average man has at his disposal  6 discretionary hours.  This is time they can do whatever they want.  No work, no chores etc.  Many will watch T.V., attend pricey sports events, spend money on meals at a restaurant and movies, see where I am going with this? Do you do personal finance budgeting?

3. How do you leverage the talents and life experiences you ALREADY POSSESS?
Most people see their experiences as failures.  They only talk of how they tried to do something as failed.  Thomas Edison failed more than I care to count, and yet he persisted to light the whole world. Many of life’s failures are people who did not realize how close they were to success when they gave up. Thomas A. Edison

4. Do you have a mentor and/or coach with a proven personal finance curriculum? This is the true measure of your desire for financial freedom.  This is where you literally put your money where your mouth is, can’t afford a mentor you say?  Well what was the last book you read? Gossip magazines do not count as literature sorry ?!

5. What do you think is “risky,” and what do you think is “safe and secure”?  Most people never break into the realm of the 5% wealthy group who own 95% of  the worlds resources because they want to play it safe.  They want the money, the fame, the accolades but they feel they should not have to go through the process of creating this wealth.  No wonder the internet and other places are full of scams and get rich quick opportunities.  Remember this success does not  happen overnight, but one night success does happen.  Someone once said to me, it takes 3 years to be an overnight success!

Many personal finance articles have been written on the issue of money.  Can’t say I have been moved to action by many.  First I’d like to say it is ok that you feel down about the current situation about your personal finances.  I give you permission to feel your feeling for the next 24 hours and then pull yourself by your boot straps and let’s what we can do.  There exist many a definition, I want to share with you  my personal finance definition:Financial freedom is not an event, it is a skill.I bet right now with the current economic situation you are saying to yourself, “I just wish I could the lotto!”  Boy don’t we all and yet statistics and personal finance facts show that the majority of people who win the lottery, end up broke and worse off before their winnings! Imagine that.  You among the many seeking wealth, riches, fame few people realize that money isn’t the solution to their problems;  the way you think about money is the problem and the solution.  I can almost see you going oh yeah, give me the money and I’ll show you change in mindset! My favorite entrepreneur of all times, Henry Ford was once asked, “What if you lost everything you own?” He responded without missing a beat: “I’d have it all back and more within 5 years.”Being a master of your own personal finance is not about what is in the bank; it’s about the ability to acquire the skill that will show you how to produce new streams of income and wealth based on your knowledge and experience. So before we go any further on this issue let us tackle the real problem here that is impeding your personal finance for good!  Why you might ask?  Well without the mastery of these 5 steps, your desire for your goal for financial success and financial freedom is highly unlikely!  This is why big players in any industry have coaches, Oprah has a life coach, football players and basketball players have coaches and mentors.  Tiger woods after every bad game will go in for coaching and training.  Why?  Those who achieve great financial success do not go it alone.  They always have a team.  Those who achieve great poverty have the do it yourself mentality!Why is it important to plan personal finances?5 Steps That Will Guarantee You Become Master Your Personal Finances1. How do you think about money? Say you come up with an idea to do something. Do you think that will never work?  Are you afraid to follow through?  Are you scared of loosing money or do you see every dollar spent as an investment?2. How do you manage and invest your time?  The average man has at his disposal  6 discretionary hours.  This is time they can do whatever they want.  No work, no chores etc.  Many will watch T.V., attend pricey sports events, spend money on meals at a restaurant and movies, see where I am going with this? Do you do personal finance budgeting?3. How do you leverage the talents and life experiences you ALREADY POSSESS?Most people see their experiences as failures.  They only talk of how they tried to do something as failed.  Thomas Edison failed more than I care to count, and yet he persisted to light the whole world. Many of life’s failures are people who did not realize how close they were to success when they gave up. Thomas A. Edison4. Do you have a mentor and/or coach with a proven personal finance curriculum? This is the true measure of your desire for financial freedom.  This is where you literally put your money where your mouth is, can’t afford a mentor you say?  Well what was the last book you read? Gossip magazines do not count as literature sorry ?!5. What do you think is “risky,” and what do you think is “safe and secure”?  Most people never break into the realm of the 5% wealthy group who own 95% of  the worlds resources because they want to play it safe.  They want the money, the fame, the accolades but they feel they should not have to go through the process of creating this wealth.  No wonder the internet and other places are full of scams and get rich quick opportunities.  Remember this success does not  happen overnight, but one night success does happen.  Someone once said to me, it takes 3 years to be an overnight success!

Finance is a very important and crucial part of film making. While many people pull you here and there explaining about this vast topic, where as they are all beating behind the bushes, here are some real facts about film making finances.

Every film maker at some point in his career is supposed to make a choice between a hobby and a profession – that is whether you choose film making as a full time career or just a mere hobby. The key to the answer lies in their ability to finance or fund their own projects.

Film making, as we all know involves a lot of money in indeed, most oft the film makers focus on their current project, not the future ones. Hence in order to become a film maker, it is immensely important to understand the professionalism involved in film making, and the mechanisms of film investment.

In this regard many people claim to be Mr. Know-It-All, but as a matter of fact, this is not any toddlers’ job. Such people often try to take advantage of your ignorance in the field.

We suggest you to contact a legitimate company who are equipped with the right knowledge and have some experience in the field of film making. But, like all other services and products, there are so many consultancy firms out there. On what basis do you choose or reject one? Here are some basic facts that you must understand:

1. The fake or some average companies would merely try to grab your money away with high dreams and no results.

2. The legitimate and quality organizations would never promise you any investors. They would rather assist you with a list of the potential investors and help you win over them.

3. Whether your project gets an investor or not is matter that is decided by several factors like the subject of your project, the market scenario, your individual potential and its portrayal, and for those who believe, luck.

4. The legitimate consultants understand that there is no fun stealing away those few dollars paid for consultancy that any producer could afford conveniently.

5. The genuine financial consultants at times do not even charge the percentage of the funds you have earmarked for the project. They charge you their fees but ultimately aim towards the success of your project and its effective distribution.

6. They must help you evaluate the accumulated interest levied on the money you have borrowed during production.

7. They would also guide you through a well planned financial end of your project.

The toughest part of this business comes in to the scene when you have to convince a financial consultant of a legitimate producer to get involved in your project. You must find an investor who trusts you and your project well enough in order to invest in such high-risk, that is film making. For this you must step in to the shoes of an investor and evaluate as to what would be his/her investing criteria.

There are some essential basics of film investing. These are:

1. Usually, a film investor contributes around 50% of the total cost of the film. Film producer bares the remaining 50%.

2. 30-40% is quite enough to make the film. This would totally depend on your convincing power to bring forth the end users to become a part of your plan.

3. The investor would always want that the budget of the film project is as low as possible.

4. Foreign sales must cover atleast 50%.

5. An investment worth $5 million is should be enough to allow the investor to buy several films.

As getting a film financed through investors is not an easy nut to crack, the independent film makers must consider the film making grants. Those who are passionate about this art and are in love with this profession, have a real scope of getting these grants. Just log on to internet and key in ‘film making grants’ and you shall get to know about several funders who are all willing to help such budding talents. All you need is to believe in your project. But make sure to gain enough knowledge about each grant as there are several types of grants that define different criteria for each.