Understanding and Controlling Your Finances

Have you ever wondered what it would be like to be able to have complete control over your finances?

If you are like most normal people, you have a job. You go to your job every day. Every week or two weeks or month you get a pay check for some amount.

You have taxes. The government, in an effort to make your life easier, lifts something like a third of your pay check without your having to do a thing.

You have problems. For example, you get a speeding ticket one day, and then your insurance goes up. Or your car blows a gasket. Or you lose your job!

Then you have desires. All humans do, some more than others. You might desire new living room furniture, a new TV or stereo, new clothes... Whatever. You may desire all of it all at once. Occasionally you cannot control yourself and one of your desires is filled.

Therefore you have debt! Debt makes up the difference between income and expense. For most people day-to-day debt goes on a credit card, and large items like cars and houses are handled with more formal loans. Debt itself is not bad. The problem arises when debt accumulates for no apparent reason. Problems and desires would push your credit card balance upward each month because there is no other place for the money to come from.

Notice what you do not have in the above scenario? There is no mention of a savings program. Nor a retirement plan. There is no particular hope of reaching future financial goals. No safety net! And most importantly, no peace of mind, no sense of control, no control of your life and your finances.

Let's face it! Investment planning is not the activity of choice for most individuals. If we had our way, the various pieces of our financial lives would magically fall into place. All of our financial needs would be met effortlessly without having to devote even a minute of time to planning!

Unfortunately, real life doesn't work that way! Making sense of your finances requires more time and effort than ever in today's constantly changing economic environment. You are likely to have many different - and sometimes conflicting - financial goals. Deciding how to meet those goals requires careful planning.

So, is there a solution to this problem? The answer is "maybe!"... But it does require a big mental shift and if you are willing to make the mental shift the answer is yes!

It turns out there is a different way to live life. This way of life involves figuring out what you really want to do, and what is really important to you as an individual, and then working toward those goals rather than proceeding randomly.

What you gain in the process is a sense of control and satisfaction, and a sense of achievement, that is difficult to beat.

Ioannis - Evangelos (Akis) C. Haramis was born in Greece in 1951 and he studied in Greece, USA and in Belgium. He has been active in the stock markets since 1972. Since 2002 he is New Business Development Managing Director at an Investment Bank and the publisher of http://www.GreekShares.com

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Google News Updated : Sun, 06 Jul 2008 00:55:15 GMT Argentine Lower House Passes Grain Export-Tax Plan (Update3) - Bloomberg Aljazeera.net Argentine Lower House Passes Grain Export-Tax Plan (Update3) Bloomberg - 2 hours ago By Eliana Raszewski July 5 (Bloomberg) -- Argentina's lower house of congress approved the government's plan to increase taxes on exports of grains and oilseeds, risking a resumption of three months of strikes by farmers. Export Tax That Angers Farmers Advances in Argentina New York Times Argentina lawmakers approve farm export tax hike guardian.co.uk Voice of America - AFP - BBC News - The Associated Press all 138 news articles Publ.Date : Sat, 05 Jul 2008 22:41:30 GMT Obama mixes holiday and politics in Montana - Reuters Boston Globe Obama mixes holiday and politics in Montana Reuters - 4 hours ago By John Whitesides, Political Correspondent BUTTE, Montana (Reuters) - Democrat Barack Obama mixed presidential politics with parades and barbecue on Independence Day on Friday, celebrating his daughter's birthday with a picnic and fireworks in Montana ... Play of the Day: Malia Obama's "best birthday" The Associated Press On the Road: Montana Outtakes New York Times FOXNews - Los Angeles Times - Washington Post - New York Daily News all 755 news articles Publ.Date : Sat, 05 Jul 2008 20:13:58 GMT California's priority wildfire in check -- for now - Reuters AFP California's priority wildfire in check -- for now Reuters - 2 hours ago By Jim Christie SAN FRANCISCO, July 5 (Reuters) - Firefighters in California have fended off a blaze threatening more than 3000 homes in and around the coastal town of Goleta and are turning their attention to preventing its spread toward the nearby ... Video: Wind Keeps California Wildfires Raging AssociatedPress California's Wildfires Have Scorched 527000 Acres (Update3) Bloomberg Los Angeles Times - AFP - NECN - San Francisco Chronicle all 910 news articles Publ.Date : Sat, 05 Jul 2008 22:04:28 GMT SAfrica's Mbeki meets Zimbabwe's Mugabe - Reuters SAfrica's Mbeki meets Zimbabwe's Mugabe Reuters - 1 hour ago By MacDonald Dzirutwe HARARE, July 5 (Reuters) - South African President Thabo Mbeki met Zimbabwean President Robert Mugabe on Saturday to try to help end a political crisis after a violent election that extended Mugabe's 28-year rule. Germany's Merkel hopes for African leaders' support on Zimbabwe ... International Herald Tribune South African president arrives in Zimbabwe Xinhua Voice of America - guardian.co.uk - AFP - The Associated Press all 5,770 news articles Publ.Date : Sat, 05 Jul 2008 23:04:03 GMT Jesse Helms, former senator, conservative icon, dies - Newsday Wall Street Journal Jesse Helms, former senator, conservative icon, dies Newsday - 2 hours ago Jesse Helms, the former five-term US senator from North Carolina whose relish for thwarting initiatives he opposed as too liberal earned him the nickname "Senator No," died Friday at age 86. Video: A Look Back At Jesse Helms CBS NC Senator's Hard-Line Conservatism Helped Craft Republican Social ... Washington Post Wall Street Journal - San Jose Mercury News - Boston Globe - Dallas Morning News all 2,466 news articles Publ.Date : Sat, 05 Jul 2008 21:58:21 GMT A Side Competition in Beijing: Island vs. Mainland - New York Times CTV.ca A Side Competition in Beijing: Island vs. Mainland New York Times - 8 hours ago The Taiwanese Olympic table tennis team practicing at Kaohsiung. Taiwanese players have hopes of winning medals next month in a sport China has dominated. Taiwan media, business people welcome charter flights, mainland ... Xinhua South Africa: Country Should Take Heed of Taiwan's Errors AllAfrica.com Monsters and Critics.com - International Herald Tribune - Wall Street Journal - BBC News all 883 news articles Publ.Date : Sat, 05 Jul 2008 16:16:20 GMT France's Sarkozy Questions If ECB Rate Increase `Reasonable' - Bloomberg France's Sarkozy Questions If ECB Rate Increase `Reasonable' Bloomberg - 6 hours ago By Simon Kennedy July 5 (Bloomberg) -- French President Nicolas Sarkozy recommenced his criticism of the European Central Bank today, asking it was ``reasonable'' for it to have raised the region's key interest rate this past week. Fighting Inflation, Europeans Raise Rate New York Times Euro flat after post-ECB dip MarketWatch istockAnalyst.com - Reuters - Forbes - Wall Street Journal all 1,857 news articles Publ.Date : Sat, 05 Jul 2008 18:50:48 GMT RSS to HTML Increase Online Traffic

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