Category: Life Management

By learning about yourself and renewing yourself everyday you can improve your financial life.

  • 5 Steps To Gain Strength From Mistakes

    5 Steps To Gain Strength From Mistakes

    “Everybody makes mistakes” has become a very popular phrase amongst friends, relatives and other groups whenever someone takes a foul. Although it is difficult to forgive someone when he or she has made an error, it is even harder to forgive yourself if you are the one who did it.

    Disappointing others and yourself is a very difficult moment to deal with, and it might easily break your spirit, make you lose motivation and even cause a halt in your life projects. It is very important to know how to thrive from the situations in which you have fallen, to push forward and get back on your feet. Doing that is as true as the fact that you will fall again someday.

    “The important thing to reach success is that a mistake should be committed once; a mistake made twice is more painful and will increasingly become harder to deal with, the more it is repeated”

    Many brilliant people have talked about their follies. There is a chance that the way they have handled these has been a key point to their success. Albert Einstein, one of the greatest scientists of our history, said that someone who has never made a mistake is someone who has never tried anything new. This could mean that errors are a way to rehearse in order to achieve a new goal.

    5 Keys to Happiness

    J.K. Rowling, author of big-famed Harry Potter books and one of the richest people in the United Kingdom said that being rather cleverer tan most men, her mistakes tend to be correspondingly huger. The higher you fly, the harder you will fall. But fear not, you will not fall in the same place or in the same way.

    Even Bill Gates, businessman, entrepreneur, philanthropist and co-founder of the company that developed Microsoft, has mentioned that the mistakes that have brought unhappy customers to his Company are the largest source of learning.

    How to Make Effective and Better Decisions

    Taking what all these people have to say about the mistakes in their lives, Premier Consumer is delighted to present 5 easy steps to become stronger after making an error:

    1. We all make mistakes: It is inevitable. At some point, you will make a mistake.  There is not one single person in the world that is mistake-free. Take that into consideration and change the way you perceive your mistakes. Do not allow yourself to see your own error as a tragedy of astronomical proportions, an error is an error and even a genius can make a few mistakes.
    2. Take accountability: In every process, the most important thing is to identify the situation. You cannot overcome your failures unless you take responsibility for them. This will also prevent future mishaps from happening since you can be aware of this error and use it as precedent. Knowing and understanding one’s limitations can also decrease the risk of making a mistake in the future.
    3. Find solutions: It is okay to feel shame and regret after having made a mistake. There will always be time window to absorb what happened, but it is important to start thinking what can you do to amend this situation. Avoid being stuck. Errors are meant to shape the future, not to stop it. Do not let and error define who you are, you can always be better.
    4. Experience is a set of learned lessons: Having experience indicates that you have made enough mistakes to know tell the difference between right and wrong about a specific subject. At some point, the wisest was an apprentice. The important thing to reach success is that a mistake should be committed once; a mistake made twice is more painful and will increasingly become harder to deal with, the more it is repeated. Learning is the ultimate goal of making mistakes.
    5. Everything will be fine: It may seem like it won’t but trust that it will. The mistake you have made today can be a funny anecdote in a family reunion in a few years. A mistake is not the end of the world. A bad day does not mean that every day will be a bad day, and making a mistake certainly does not make you a bad person. Remember that the brightest and happy counterpart of this moment will irrefutably come soon.
  • 10 Celebrities With Financial Problems

    10 Celebrities With Financial Problems

    The mission of managing our finances requires some organizational skills, ability to prioritize and discipline. Deficiencies in these areas can cause financial problems with long-lasting effects, and neither the celebrities are safe. Whenever we hear the word “celebrity”,one of the first words that come to our mind is “millionaire”, but even the most famous people can have serious economic problems. In fact, their unpredictable incomes and expensive lifestyles can put them at even greater risk than the average person for financial downfall.

    We wish to demonstrate through this article how it does not really matter how much income you receive; what really matters is how well you organize your financial life. Additionally, most people at some point or another in their lives have experienced financial difficulty. How you recover from those tumultuous times and how well you manage your finances, show your true financial skills.

    From huge accumulated debts, tax evasion and even the hugest wastes of money, these ten celebrities presented below went from the glory to the bankrupt:

    Donald Trump

    The real estate tycoon and former United States President is known for exaggerating his net worth, which is estimated at around 1 billion dollars (Trump himself has said it is closer to 3.5 billion dollars.) He has filed for corporate bankruptcy four times, most recently in 2009, which he has described as “a valid business strategy.”

    “Whenever we hear the word ‘celebrity’, one of the first words that come to our mind is ‘millionaire’, but even the most famous people can have serious economic problems”

    Stephen Baldwin

    In 2009, the youngest of the Baldwin brothers filed for bankrupt, revealing that he had a debt of more than two million dollars after buying a property in New York for which he paid more than 1 million dollars. Although he starred in various reality television shows and had sued the actor Kevin Costner for profits obtained from the sale of devices that separate oil from water (which are used to clean up the spill in the Gulf of Mexico). It seems like his spending are consistently outpacing his earnings.

    Kim Basinger

    The Oscar winner lost a lawsuit made by the producers of the film Boxing Helena for breach of the contract, forcing her to sell the house where she used to live and pay about 8 million dollars more, just to pay for it.

    Dolce a Gabbana

    The Italian design duo, Domenico Dolce and Stefano Gabbana, were accused of tax evasion in Italy in 2013. Apparently, they failed to report 1.3 billion dollars to the authorities. After the trial, they were found not guilty by Italy’s highest court, but the pair still had to pay 343.3 million euros in fines.

    Three Secrets To Making Personal Finance Work For You.

    Britney Spears

    In 2008, divorce filings with the rap singer Kevin Federline showed that the pop star saved none of her 737.000 dollars monthly income, because she preferred to spend all the money on her homes, restaurants, and in the most luxurious entertainment. After her more recent career´s comeback and her father’s guardianship over her, she appears to be getting her finances under better control.

    Nicolas Cage

    When we talk about expenses exceeded, this actor is the expert. The actor owned more than 15 homes at the same time, two dozen luxurious cars -including nine very expensive Rolls Royce-, and multiples pieces of art. Although he tops the list of the highest paid actors in Hollywood, earning around 40 million dollars in 2009, it costs him around 30 million dollars per year to maintain that lifestyle. However, in 2007 Cage was not able to pay the 6.2 million dollars in taxes.In 2009, his New Orleans home was foreclosed, and currently his home in Nevada also faces foreclosure. The actor claims that his former financial manager was incompetent and that is the reason why Cage owes more than 13 million dollars in taxes.

    Annie Leibovitz

    Many problems appear after the partner of this talented photographer, Susan Sontag, died of leukemia in 2004. In 2009, Leivobitz was forced to take a 24 million dollars loan to help cover her debts. Part of the loan was to pay off the 2.1 million dollars in Federal taxes she owed. The big debt also included outstanding rental equipment fees, an uncompleted book deal, and renovation payments.

    Einstein Suggestions To Survive A Financial Crisis.

    Michael Jackson

    The extravagances and the multimillion-dollar child abuse trials in 2005 made the King of Pop live surrounded bay debts, despite generating a lot of money with his sales, musical catalogs and concerts. His debts were valued at 500 million dollars, which have been paid after the relaunching of its fame after his death.

    Mike Tyson

    During his career as a boxer, it is estimated that he won the sum of 400 million dollars. Despite this huge amount of money, Tyson wasn´t able to manage their finances and in 2003 filed bankruptcy because of its great debts. In fact, today he lives in a modest house renting in Phoenix. In 2013, the champion filed a lawsuit against his former financial advisor, accusing his ex-consulter, Brian Ourand, of embezzling 300.000 dollars from his property and that this action had cost many millions in losses.

    Toni Braxton

    This singer gained most of her popularity in the nineties for the hit “Unbreak My Heart”. The six-time Grammy award-winning artist has filed for economic failure twice. The second time, the debt she owed to some companies -including AT&T, Tiffany and The Four Seasons-was around more than 50 million dollars. Even worse, her financial troubles resulted in her losing the rights to 27 of her songs. Her last album was released in 2010, without achieving great sales records. These financial problems, plus her lupus diagnosis, allowed her to be the star on her own reality TV show.