What is Speak Asia?
Speak Asia is a market survey website with the extra dimension of Multi-level Marketing (MLM).
How does one earn money with Speak Asia?
After you enroll and become a panelist, you will be sent 2 Surveys every week. You will receive approximately 10 $ per survey that you complete. Thus you can make about 20$ or Rs.900.00 every week. In a month, you can thus make Rs.3600.00 per panel.
Speak Asia: The Process
Is there any upfront fee?
Yes, to become a panelist you will have to pay approximately Rs.11,000.00. If you want to earn more, you can add more panels by paying Rs.10,000.00. Supposing you buy 4 more panels, then your total investment becomes Rs.51,000.00 .
On an investment of Rs.51,000.00 you stand to earn Rs.3600.00 x 5 = Rs.18,000.00. That is a phenomenal ROI (return on investment) of 35%.
Since you will keep getting surveys for 1 year, your initial investment of Rs.51,000.00 can give you a total return of:
- Rs.18,000 x 12 = Rs.2,16,000.00
- Net Earning = Rs.1.65 Lakhs
How much time will you need to put in?
The surveys would take about 10 minutes to fill up. So if you have taken 4 extra panels, you will get 10 surveys per week. That means you will need to invest about 1 hour and 40 minutes in a week. That’s not much time to earn Rs.1.65 lakhs!
What is the MLM component?
You stand to earn more by promoting Speak Asia surveys amongst your friends and relatives. You will earn 10% from every panelist that you refer to. And 6% from a panelist made by a panelist under you.
I want to understand more about Speak Asia
You can check this website for more information about >> Speak Asia or call up Prashanth on 9483912606 (Bangalore) for more information or to join Speak Asia. Please note that this is not an official Speak Asia phone number. I have invested in this opportunity and have earned, and would be happy to help you get started.
Or you can email me @ prashanth.speakasia@gmail.com
Posted byPrashanthNaik at 2:36 AM 0 comments
Labels: Money, Money Online, Online, Speak Asia
HOW BANK WORK????
Introduction
This article briefly explains how bank work in real time.Bank functions because of our trust.Banks can legally extend considerably more credit than they have cash.Why do we feel better about having our money in a bank than we do having it under a attress? -conveniences of electronic banking .
What it is a Bank?
A bank is an institution that deals in money and its substitutes and provides other financial services. Banks accept deposits and make loans and derive a profit from the difference in the interest rates paid and charged, respectively.
Banks create money in the economy by making loans.
How lending money affects the economy?
Why does banking work?
Banking is all about trust.
Banks consistently extend more credit than they have cash.
In the event of a bank failure, your money is protected as long as the bank is insured by the Insurance Corporation
The key to the success of banking, however, still lies in the confidence that consumers have in the bank's ability to grow and protect their money.
How do banks make money? 
How your money continue to earn money when it is in bank?
The End..... :-)
Posted byPrashanthNaik at 2:30 AM 0 comments
Labels: Banking, Money, Technology
Indians made their billions from the Web
Shriram: Shriram's net worth is $1.8 billion. He sold online classifieds site StumbleUpon.com to eBay in 2007 and currently backs Indian and US tech outfits - 24/7 Customer, Frontline Wireless and Zazzle.com. An early investor in Google, he has sold more than three million shares since its 2004 public offering.
Dikshit:The wealth of Party Gaming's Dikshit runs to $1.6 billion.An IIT-Delhi graduate, he had joined Party Gaming a year after its founder, American Ruth Parasol, had launched Starluck Casino on the Internet in 1997. Dikshit wrote the company's betting software that enables gamblers around the world to play poker with one another.
Sameer Gehlaut: Sameer Gehlaut is the youngest self-made billionaire in India with a net worth of $1.2 billion. He had started an online brokerage firm Indiabulls with two college pals in 1999 and still heads the company and is its largest shareholder. The group has moved into real estate and wants to expand into the power sector, Forbes said.
Posted byPrashanthNaik at 3:59 AM 0 comments
Labels: Billionairesm, Entrepreneurs, Life, Money, Sites
The Six Financial Mistakes Couples Make
IF YOU AND YOUR partner are like most couples, chances are, you fight about money. Numerous studies have shown that money is the No. 1 reason why couples argue — and many of the recently divorced say those battles were the main reason why they untied the knot.
While anyone will tell you that talking about money is the first step in resolving problems, talk alone won't do the trick.
In fact, a 2004 study commissioned by SmartMoney magazine and Redbook, another Hearst publication (SmartMoney magazine and SmartMoney.com are jointly published by Dow Jones and Hearst), found that more than 70% of couples talk about money on a weekly basis. So what's the problem? "Most of us don't know how to talk about money," says Mary Claire Allvine, a certified financial planner (CFP) and co-author of "The Family CFO: The Couple's Business Plan for Love and Money."
"People tend to be emotional and reactive about money, not strategic," she says.
When emotions run high, people tend to make fiscal mistakes. Allvine's solution: Approach family finances as if you were running a business. "If you put a business metaphor into the picture, you'd be surprised how much more methodical people are."
And so, to help make your next state-of-the-financial-union meeting run smoothly, we've assembled a collection of the six most common mistakes couples make when handling money issues, along with some advice on how to correct them. Do yourself a favor: Make sure all board members review this before you talk.
1. Merging the Finances
The Wrong Approach: United we stand, divided we bank.
The Right Approach: It's yours, mine and ours.
One of the first issues newlyweds face is how to handle their finances. "Couples struggle about this one," says Ruth Hayden, author of "For Richer, Not Poorer: The Money Book for Couples." Should you merge everything you have and earn into one joint account, or should you maintain individual accounts and open a joint one for household expenses?
SmartMoney magazine's survey found that the majority of couples (64%) put all of their money in joint accounts, while 14% kept everything in separate accounts, and 18% had both. "Married couples should try different ways of handling the money to see what works for them," says Ginita Wall, CFP and co-founder of the Women's Institute for Financial Education.
For many newlyweds, the right choice may be somewhere in the middle. "You should have some autonomy money, I should have some autonomy money, and we need to learn how to practice being a couple together with our money," says Hayden.
The advice is different when one spouse enters the marriage with a high debt load. (See our next point below.) But assuming you both have a clean bill of fiscal health, finding a way to blend finances comfortably without feeling like big brother is watching every financial move you make can dramatically cut down on fights. Over time — once kids and mortgages come into play — many couples find that merging all their finances is simply easier. But unless you're both comfortable with the idea, there's no need to rush things.
2.Dealing With Debt
The Wrong Approach: Your debt will ruin us; you must find a way to pay it off.
The Right Approach: It's our debt: Let's decide how to pay it off together.
Of all the issues that spark a fight, debt ranked No. 1 for most (37%) of SmartMoney's survey respondents. "That's one of the places where couples have most disagreement," says Hayden. Couples often don't see eye to eye on how much debt is too much and which kind of debt is bad.
Compounding the problem: in many cases, one spouse enters the marriage with a lot more debt than the other. "We saw that more frequently than we anticipated when we began interviewing couples [for our book]," says Allvine. "It's almost unavoidable. Even if you manage to get to your 20s or 30s without debt, you hook up with a partner who's in debt."
What to do in situations like that? Like it or not, once you're married, your spouse's debts can become your problem. Granted, you're not legally responsible for the credit-card balances ran up before you got married, or for any loans opened in your spouse's name alone — provided you keep your finances completely separate. (Unfortunately, all bets are off should you get divorced. For more on that, click here). But even with separate finances, your spouse's credit score will affect your ability to get joint credit. "It's a public [credit reporting] system, and what you do will absolutely affect the other," says Hayden.
For those couples not yet married, it may be worthwhile to think about a prenup, just to make sure that assets that one spouse brings into a marriage will always be protected from the other spouse's creditors.
But those who've already tied the knot should find a way to pay down the debts as quickly as possible, and without any late payments. For help with this, visit our Debt Management center.
3. Keeping Spending in Check
The Wrong Approach: I'm a saver and you're a spender. That's the problem.
The Right Approach: We both spend, but on different things. Let's budget.
Your husband keeps nagging at you that you spend too much — but then comes home one day with a huge smile and — surprise! — a 70-inch flat-screen plasma TV. He happily explains how he sealed the "terrific" deal. You're definitely not impressed.
Sound familiar? Spending is the second most common reason why couples fight, according to SmartMoney's survey. What usually happens, explains Hayden, is that one spouse gets labeled the "spender" and is blamed for skimming all the money out the checkbook. In most cases, however, that's not accurate. "Studies show that men and women spend the same, they just spend differently," she says. Women usually take care of most of the family's daily expenses: the groceries, the bills, clothes for the family — while men spend on large purchases like plasma TVs, cars or computers. "If you counted up your money, you would be spending about the same," Hayden says. "But because you spend so differently, the perception is different."
The solution here is to identify the real problem, Hayden says — namely, that you're both spending money on a tight budget. Then sit down and decide how much money you'll allocate to the "dailyness" of life, and how much to save for the big purchases. "What we're trying to do is get the 'Surprise!' out of it," she says.
For help with daily budgeting, see our worksheet.
4. Investing Wisely
The Wrong Approach: You're a risk-taker, I'm risk-averse. Hands off our retirement savings.
The Right Approach: Let's think in time frames and take as much risk as our goals allow.
SmartMoney's survey showed that when it comes to investing, men are more willing to take financial risk than their wives (62% for men vs. 19% for women). But fighting about how much risk to take with your investments based on how you feel about risk doesn't do much good. Rather, sit down and talk about your investment goals and time frames, says Christine Larson, co-author of "The Family CFO". "You could be completely risk-averse with money you need for next year, but you can be a huge risk-taker with money you're saving for retirement," she says. If that doesn't work for you, seek the help of a broker or a financial planner.
Whatever your investment choices, review your investments together at least once a year and make sure that, overall, your portfolios balance each other out, suggests Wall. "I have one couple — they're in their 70s. She likes to take risks and it scares him to death, so they do invest themselves separately," says Wall. "We let her take risk with part of the money, but not all of the money."
Use our asset-allocation tool to help determine the best way to allocate your portfolio. Our retirement, college-planning and short-term-investing departments can help you save for specific goals.
5. Keeping Money Secrets
The Wrong Approach: What my spouse doesn't know will never hurt him/her.
The Right Approach: Big financial secrets can ruin a marriage.
Among Hayden's clients is a family that first came to see her when the wife found out that her husband had lost a lot of money trading commodities. The real problem? She didn't know his little secret. "It got them in horrible trouble!" Hayden says. "He's very steady, he's a fabulous doctor, he's a great dad...but he had this other part of him that's pure gambler, and it almost brought the marriage down."
Will you be shocked to hear that most couples do keep money secrets from each other? While secret trading or gambling may not be that common, our survey saw 36% of men and 40% of women confess that they had at one time or another lied to their spouse about the price of something they bought. "It's the most common secret," says Wall.
Is it a big problem? Depends on how you deal with it. "Most people also lie to themselves about what they're spending, just as they lie to themselves about how much they're eating," says "The Family CFO" author Allvine. And let's face it, if your wife saved up the extra $100 for her "only $30" Givenchy scarf from her monthly mad money, it's not that big a deal. But if your spouse has been squirreling away thousands of dollars, it may be time to seek the help of a family finance professional. "If this happened in a company," Allvine says, "they'd call it embezzlement."
6. Emergency Planning
The Wrong Approach: We're fine. We don't need to worry about money.
The Right Approach: Anything could happen. Let's plan for emergencies.
Even if you have a great career, earn a comfortable living and don't have to worry about debt, you could find yourself woefully unprepared for an emergency. "Couples today are under so much stress that anything could tip them," says Hayden. An unexpected pink slip, an accident, illness — anything could throw you off track if you don't have an emergency savings account.
"With the couples we interviewed, we found a tendency to panic [in an unexpected emergency] that could lead to the wrong decisions," says Larson. Bottom line? All couples should have an emergency stash of three to six months' worth of living expenses held in a safe place, like a money-market fund. Simply knowing it's there can reduce stress, since you know you're not walking a fine line between comfort and catastrophe.
Posted byPrashanthNaik at 2:10 AM 0 comments
Labels: Money
How to Become a Millionaire
Introduction
Start by being a Billionaire. It’s an old joke. But the concept has two very important truths that you need to consider. The First Truth: Whatever level of income you are at, if you spend more than you earn, you are not on the path to wealth. If you are a billionaire and spend your money lavishly and foolishly, you very well might end up as a millionaire. The Second Truth: The concept of “The Rich get Richer…..” is true. If you are a Billionaire, with $1 billion in the bank, overnight for one night, your money has earned $2,192. That would be $66,667. per month. In less than 14 months, your invested billion dollars will create another million dollars. But, even without starting as a billionaire, it is very conceivable that if you focus on your goal and follow the laws of money, you WILL be a millionaire.
Instructions
Difficulty: Challenging
Things You'll Need SOME startup cash ,Time ,Persistance ,Resolve
Steps :
1
Step One
DEFINE what being a millionaire means to you. A banker will consider you a millionaire if your aasets are worth more than your liabilities by a million dollars. Depending on what those assets are though, it is quite likely that they could be valued differently tomorrow. YOU may define being a millionaire as having a bank account with one million dollars of disposable income. KNOW exactly what your goal is, and be prepared to work toward it.
2
Step Two
Assess your current situation. IF you possess Aladdin's lamp, you will likely be able to obtain your goal in no time at all. If not, you need to assess exactly where you are, what your skill set is, and what steps you will need to accomplish your goal. Even though I don't know your circumstances, I do know the path to get you where you want to go. If you follow these directions, you will eventually be able to reach your goal. The unknown factor is how much time it will take to get you there. Another factor, known only to you, is how much effort will you make to get here? What things will you do to accelerate yourself to the goal?
3
Step Three
Make a Lot of Money! Find a way to make money. You need to start with something. Your basic needs: food, shelter, and clothing need to be taken care of. If you have a family, you will need to attend to their needs as well. Obviously a job is a good way to start. There are other ways of making money, such as selling assets or being self employed, which are all fine. The goal is to have a consistent financial income, and a job is a good place to start.
4
Step Four
Find a way to Make MORE money! Now, CONSTANTLY ASSESS! Find a way to make more money than what you do. Perhaps you need more formal education. An investment of a few years of college gives you better earning potential for your entire life. Make yourself promotable. Discover what your company wants in its management, and BE that. Perhaps you need to have a part time job as well for a while. Perhaps you are interested in making money from your home, such as selling on Ebay. Always keep your eyes and ears open to opportunity. But weigh each opportunity carefully. Often that opportunity can come within the same company where you work. Sometimes that opportunity needs to come in a new job or perhaps even a new career.
5
Step Five
Spend a LITTLE money! Live below your means. Today's biggest temptation is to have it all and to have it all now. The problem is that the cost of that immediate requirement is often putting yourself deep in debt. You want to do the opposite. My uncle grew up very poor on a 20 acre farm. He and his brothers started a small business. While his siblings were buying bigger homes and fancier cars, he lived in a modest home and focused on reinvesting his capital into his portion of the business. Ultimately he was richer by far over his brothers and ultimately had far greater assets. Simply put, it was his dedication to allowing his investments to grow over time while he lived comfortably but modestly for several years that propelled him to wealth.
6
Step Six
PAY YOURSELF. Pretend it's a car payment, and pay it to yourself and invest it. Starting NOW! Understand the concept that you have a higher potential to make more money in a venture that has more risk. Likewise, you can lose a lot more money in a venture that has more risk. I suggest you start your portfolio of very solid (lower earning) investments. Start with 3 months salary in a savings account for family emergencies. Progress to some solid known return items such as CDs. There are other articules about investments. This one is about making you a millionaire. Try to invest a minimum of 10% of your income in known return items. Let's use 8% as a return goal, and we'll assume an income of $40,000. If you wait until the end of the year to invest $4,000, you will have $4,000 at 12/31
7
Step Seven
CONTINUALLY INCREASE your EARNINGS and your INVESTMENT amount. That may seem difficult but isn't as tough as it seems. If you work for the same company for years, you will most likely increase your salary annually by receiving raises. If you aren't getting consistent annual raises, you need to reasses yourself and your job. The important thing to remember is to invest more each time you make more. This is one of the secrets to real wealth.
8
Step Eight
UNDERSTAND and USE the POWER of COMPOUNDING INTEREST If you wait until the end of the year to invest $4,000, you will have $4,000 at 12/31. If you invest $333.33/month for each of the 12 months of the same year, at year end you will have $4,149.93. That's not too impressive, but after 10 years, the numbers look like this: $4000 invested at year end for 10 years = $ 41,221.58 $333.33/month invested for 10 years = $60,981.40 That hardly seems like it's going to make you a millionaire. But let's change just two factors, and see how you DO get there. Let's change the number of years to 40. We'll assume you start working around 20, and can retire by 60. That means you can start at 25, retire at 65, and still obtain your million dollars. Did you say you only wanted $1 million? If you invested your $4,000/year annually for 40 years, you will have your $1,036,226. If you invest your $333.33/month faithfully for 40 years, invested at 8%, you can retire with $1,163,657.64. But, you've
9
Step Nine
ELIMINATE your credit card debt. That doesn't mean eliminate your credit cards. Use them often. In fact, use them for almost everything you buy. But pay them off when the bill comes in. That will build your credit. But you don't want a lot of outstanding credit card debt, because the Power of Compounding Interest works in the favor of the credit card companies a whole lot quicker than it does for you. The amount of interest that you can earn is usually far less than what the credit card companies charge. Remember the Power of Compounding interest works both ways.
10
Step Ten
Be AGGRESSIVE! If you truly want to be a Millionaire, chances are you want to do it quickly. Use the SAME steps. Push them harder. Find ways to make more money. Find ways to save more money. Find ways to invest more money quicker. Each little tweaking of the formula will move your goal into site much quicker.
11
Step Eleven
PUTTING IT ALL TOGETHER: Year One: Start with your $40,000 salary and invest 10% (on a monthly basis, not on an annual basis.) End result: $4,149.93 Year Two: Your salary increases to $44,000 Invest 10% on a monthly basis, coupled with earnings on the $4,149.93 already saved. Result: $ 9,059.30 You're not rich yet. But after just 10 years of saving in the same manner, you would have invested $63,749 and change, and would have a cash balance of $91,320. Nice, but not a million! After 20 years of consistent saving and investment, you would have input $229,097 and would have $439,562. Hmmm. Getting interesting! After 26.25 years on the same course, Input: $ 448,640. Available: $1,000,306! It's a long time. But there's your million dollars. And you aren't close to retirement. If you start at 20, you will only be 46 years old
12
Step Twelve
STAY THE COURSE: As your investment grows, your sense of security and well being grows with it. If you enjoy your work, you'll want to keep on working. If you don't like what you are doing, you'll have enough socked away to find what you DO want to do. But, the best advice I can give is for you to stay the course. Change jobs, fine. But life spans are getting longer. As long as you are healthy, work in happiness, and continue contributing. If you continue the same path for the 40 years originally mentioned, you can retire with not one million dollars, but $5,122,791. Every small change, particularly early in the game will influence your final numbers. If you can only eek out a 6% adjustment per year, you can still retire with roughly $2.5 million. If you started late, and only have 30 years to invest, you can still retire with $1,590,000. Or, if your starting salary was only $20,000, after 40 years, you can still reach $1,261,900 with only 6% increases. It is all about CONSISTENCY, and the POWER OF COMPOUNDING INTEREST, and TIME.
Posted byPrashanthNaik at 9:59 PM 0 comments
Labels: Money
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