Things That You Can Do To Maximize Your Income


A lot of people are wondering how to maximize their income. A tough economy can suddenly make you realize that you’ve been making bad financial decisions. It is important for individuals to be financially savvy especially if you are always at risk of becoming bankrupt. Here are some things that you can do in order to maximize your income.

Save 50% of what you earn

One great way to impose having savings is to automatically save 50% of what you receive every month. This will make sure that by the end of the year, you have 6 months-worth of your income in your bank account.

You can budget based on 50% of what is left of your income. But of course, it shouldn’t be a strict half of your income. For those who are earning less, even savings equivalent to 10% of your income is already enough.

Diversify your investment

One important lesson that everyone should learn about the economy is that it is important to beat the inflation rate. Your savings shouldn’t just be kept in a bank account. Though a bank account is a liquid asset that you can always depend on, investments such as bonds and stocks can come in handy in beating the inflation. These can yield profits that can become beneficial on your part years later.

Determine unnecessary things that you are spending on

A lot of people are spending on things that are considered unnecessary. Try to evaluate the things that you spend your money on that are actually unnecessary and you can live without. In order for the change not to be drastic, try to take out changes one by one.

Start your own business

Starting your own side business can also be a good way to improve your income. Starting small isn’t a bad idea. This can even be a wise move. You can find partners in order to lessen the risk that you have to take. But of course, make sure that you study the market well including the competitors in case you are going to have your own side business.

If you end up having a business idea that can completely operate online, the better it really is. You don’t have to worry about the cost that much since you can fully operate using the World Wide Web. Also, you need to be consistent with whatever it is that you do. Make sure that you prioritize your employees and your customers. And yes, it may sound like you will have sleepless nights, but having your own business is totally worth it. You are contributing towards employment, not to mention it can even double your investment.

Maximizing your income can be a good idea. The goal is to make sure that your assets continuously grow over the years. Unfortunately, a lot of individuals commit the mistake of not having the right plan when it comes to achieving financial stability.

How to Plan Your Finances Well?


The economy can be rough. Working people have a difficult time securing their future given the fact that financial mistakes can lead you towards bankruptcy. This is something that you don’t want to encounter. For most people who are looking for a chance towards financial stability, it is important to do these certain things.

First, make sure that you budget your income well. Nothing beats wise handling of funds. Keep in mind that wants are infinite, while funds are finite. This means that you have to make sure that you are only spending on things that you can afford.

Next, you want to save an equivalent of three-month income in your bank account. This will serve as an emergency fund that you can turn to in case something unexpected comes up. This will also give you the freedom to quit your job without thinking about where to get your funds from.

You should also take into consideration inflation. If you are simply keeping your money in the bank, you can expect that depreciation will eventually wipe out a huge chunk of your investment.  You want to make sure that you invest in mutual funds, stocks, and even bonds.

Business or Pleasure? Fun Events Happening in Effingham


Effingham, Illinois might not be the center of culture or celebrity as many large cities around the country, and may not have the name recognition of Chicago or even Peoria, but that doesn’t mean it is without its own merits and enjoyments for both business owners and regular joes and janes that want to have a good time.  Below we’ve tried to list just a few of the things to do in Effingham Il.  We hope you enjoy them!

The Effingham Performance Center – Concerts and Shows

One of biggest attractions in Effingham is the EPC (Effingham Performance Center).  Started in 2010 by a non-profit Illinois arts group, it brings in acs such as rock, country, Christian music as well as comedy and other performers.  Notable previous acts include Ted Nugent, REO Speedwagon and the Happy Together Tour.

Lake Sara – Boating and Hiking

One of the best natural attractions in the Effingham area is Lake Sara.  With over 28 miles of shoreline and 600 acres of surface area, the area is perfect for boating, Jetskiing, as well as hiking and camping.  It’s just a beautiful area and everyone who has the time should stop by for a visit.

Downtown for Food and Drink

Next stop is the downtown area, which sports over 25 establishments perfect for a night on the town.  Restaurants, specialty shops, and all kinds of fun can be had in this area.  It’s great for a Friday or Saturday night out.

Convention Center for Business Events

The Thelma Keller  Convention Center is the place for business conventions in the Effingham area.  In addition to the Effingham Chamber events and networking you can find you business sectors conventions and seminars at Thelma Keller.

That’s it for now, we hope to add some new and exciting things that can be taken advantage of by both visitors and residents of Effingham.


How Can Small Businesses Compete With Bigger Competitors?


Planning to start your own business? This can be a good or a bad idea. It requires a lot of planning. There is always room for more businesses. No matter how small the company is, it is possible to have a bright future when you have the right strategy. At Effingham County Chamber of Commerce, we help business startups in all industries from a restaurant Effingham IL or an IT startup in the region. Here are some things that you can actually do in order to compete even with much larger companies in your niche.

First, you need to evaluate your overall branding. By having the right branding, it is possible to get support from a niche. From the logo, fonts, and even to your web design, these are things that play a huge role in the overall branding of the company.

Next, it is also important to know how to utilize the World Wide Web. There are many online marketing strategies that even small firms can adapt to. In fact, Facebook, Instagram, and a solid email marketing campaign can help companies survive and not only stay afloat against top competitors.

And of course, it is important to know what your competition is doing. What are the things that they are doing correctly? If they are implementing things that are working, it is also a good idea to implement something similar.