STOP THE LEAKS - USE YOUR CASHFLOW TO GET AHEAD
by Tony Grlj

Do you know the feeling that, try as you may, you just can’t get ahead financially? Do you often wonder what has happened to all your hard-earned cash come the end of the month? Do you have a lot of month left over after the cash instead of the other way around?

If you do, you’re not alone. But take heart, there is something you can do to change this and it is easier than you think. Put in simple terms, what you need to aim for is to have cash flow that is supported by an appropriate financial structure which is designed to capture that cash flow which is currently leaking away and to put this saved cash flow to better use.

MS OFFICE QUICK TIPS

Changing The Start Directory of Word

When you want to open a document in Word, it normally looks in the My Documents folder for files. Here is a very easy way to reconfigure Word to start in a different folder of your choosing.

(1) From the menu bar select 'Tools' then choose 'Options'. Word displays the Options dialog box.

(2) Click on the tab 'File Locations'.

(3) Under the heading 'File types:' make sure the Documents option is highlighted, then click on the Modify button. Word displays a dialog box in which you can browse and select directories.

(4) Select the directory you want used as the startup directory for your documents.

(5) Click on the OK button.

(6) Click on the Close button.

(7) Exit and restart Word.


Instant Way to Speed Up Your Typing

Do you find that there are certain things you type over and over in your Word doc's & you would like a way to speed this up? Word has a feature called Auto Correct that will allow you to do just that.

Perhaps you often have to type in your company's name or often use technical terms/jargon? Try this tip:

However your data is stored (scraps of paper, enquiry sheets, newsletter sign-up sheets, order forms, etc) you can give your Virtual Assistant that pile of paper work and they can turn it into a database that works for you.

How Much Data Is Too Much Data?

I find that it is usually best to put a little more information in than you think you will need. While you have your Virtual Assistant entering the data, it would be prudent to add a couple of seconds to each entry with those few extra snippets of information, rather than dredge out the files all over again and go through the whole database once more. For example, if you are creating a customer database that will be used mainly for mail merges, it would be a good idea to add some extra fields such as ‘Marketing Campaign’ (data on what marketing strategy lead them to you, i.e. Yellow Pages, Google, print media, radio, etc), or ‘Date of Birth’ (allowing you to form a demographic of your clients at a later stage, or to contact them on their birthday). The old saying holds true “an ounce of prevention is better than a pound of cure”.

Tending The Database Garden

It is an absolute joy to stand back and look at a garden after a wonderful landscaping job has been completed. But, how long will it stay a joy if nobody tends it? Think of your database as this beautiful garden. You have spent good money having a database designed, created and filled with information, but if it is not kept current, new clients not added and data fields added/changed to reflect your changing business needs, it tends to lose its gloss and usefulness. Why not put a plan in place that ensures regular maintenance of your database - your Virtual Assistant can perform updates and maintenance at planned, regular intervals. This will keep you in control and on top of your business. more articles by Claire Dening >>>

Don’t be afraid of getting help either. Remember, even the world’s best sports people rely on coaches to help them perform at their peak. So why think you are any different?

“Getting a wealth coach may be the answer. Your coach will work with you taking into account your situation and your budget, your timeframe and comfort zone,” Tony says. “Your coach will help you develop ways to build wealth, how to invest, make use of the power of compounding, as well as the effects of inflation, timing, risk/reward, asset classes, diversification, contingency plans, borrowing money and negative gearing.”


Many thanks to Tony from Wealthyfrog for providing this month ’s guest article! His office is situated at Level 20, 300 Queen Street, Brisbane (tel 1300 852 664). He offers a complimentary session to anyone interested in improving their current financial position.  Advice is totally unbiased and he doesn't receive commissions from any business or person. He is also a successful investor in his own right.

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