Money Management – Budgeting vs a Budget

• BBR Productions Inc : Money Management – Budgeting vs a Budget

The difference between both Budgeting vs a Budget comes with process vs preparation. Budging is maintaining a cost effective spending cap. Spending less than is saved. Where as a Budget is the figuring of those caps. To budget is to set caps and restrictions. Figuring out each category of where and when to spend. Mastering how Budgeting works begins with understand a budget.

Starting with an average month expense list. Take that list to organize categories and place caps on those expenses. Figure out which expense are Wants vs Needs, and cut accordingly. Eating out is usually a 'Want' which can be cut fairly easily. Leisure is also a 'Want'. A 'Need' is rent, groceries, utility bills, hygiene, etc. Take 3 to 6 months of past bank statements and add up each category expense.

Once these Caps are figured into a person’s lifestyle it comes down to habit building. Keeping to strict restraints until money begins to overflow into a person's '3 Needs of Purpose'. Learning to organize and prepping for future months helps take managing control back over a financial budget. A yearly expense should be saved a little each month. That's a nice helpful truth!

PS... Can you find the monkey?

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Money Management – Cover your expenses

• BBR Productions Inc : Money Management – Cover your expenses

Figuring out a budget creates monthly caps which are based on a monthly average. Normally it is suggested to take 3 months and average them out. However, a full year gives a better overall example of an average monthly budget. By taking the Monthly Average and multiplying it by 3, it sets a cap total for covering expenses up to 3 months.

This money saved is known as a 'Safety Net'. Or total covered expenses. The best way to approach a Safety Net is by maintaining 3 months of capital into a designated account. Always maintain 3 months worth of capital within this account. While any money over expenses can now be placed in 3 other accounts known as the '3 Needs of Purpose' : Security, Growth, and Dream.

Continuing this process helps to grow strength in fueling a long lived company/life. Allow Security to protect calculated opportunities to risk chances. Growth is allocated moneys to place into investments. Stay aware of small investments; Stocks, Bonds, Mutual Funds, Intellectual Properties. Then move onto larger investments; Real estate, Businesses, I.O.U.'s, and Commodities.

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Or Email : AskMe@BBRProductions.com
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3 Needs of Longevity – Getting there is only the beginning

• BBR Productions Inc : 3 Needs of Longevity – Getting there is only the beginning

With dedication success is very attainable. Though, what is success? Our definition of Success: A Client working in their field interest without a day job. Getting to that level takes a tremendous amount of effort. Once there, it is about maintaining that position of success while also growing opportunities. In life there needs to be a sense of ascension; never reaching a plateau. Keeping 3 Needs of Longevity in check helps perpetuate one's career.

Longevity is a combination of 3 Needs; Management, Entrepreneur, and Talent. Control over these aspects of Longevity turn success of a dream into a career for life. Management: focus on organizing time, money, self, and others. Entrepreneur: companies are ran in the green not the red. Talent: skills, tasks, each side of our Triangle of life. Focusing on only a talent, or practicing to be the best “anything” is a sure way a system will collapse. A powerful synergetic relationship between the 3 is crucial.

It is important to get organized before jumping out of a plane; Parachute, check... Socks, check... Gopro camera recording! CHECK! Set up a plan of action with S.M.A.R.T. Goals to get a monthly budget going. Know the strength of incorporating a venture. To keep Longevity's value up, practice talents to be ready for any situation. Getting there is only where it all begins. Be more than an idea, be actionable! It takes effort to keep it going way after success is captured!

PS... Can you find the monkey?

Call our office : 631.599.2263

Or Email : Main@BBRProductions.com
Visit our website : BBR Productions Inc

Budgeting – Why do I need a budget?

• BBR Productions Inc : Budgeting – Why do I need a budget?

A detailed Budget grants control. An organized budget opens doors for allocating savings, security, and freedom. If done correctly, maintained, and given proper attention, a budget also develops good habits. Habits that help build stability. When a spending budget is designed it sets boundaries which lead to freedom purchases: a vacation, new car, maybe even a house. This is accomplished by setting money aside for savings.

Savings is something people must earn. Blindly dedicating money into a savings account could destroy a Budgeting System's Foundation. A budget will dictate when an individual may allocate money earned into their savings account. Having a budget helps direct money into a Savings Account to fuel a person's 3 Needs of Purpose. Savings should never be utilized for emergencies. A Budget helps with emergencies by setting aside moneys to accommodate specific situations.

Emergencies can throw monkey-wrenches into a Budgeting System's Foundation. This is why sticking to a strict Budget eases worries and situations outside of an individual's control. There is nothing more satisfying than hearing a car needs a new axle and all you have to reply is “Sure, make that happen!” This is why every person in the world should have a Budget. Even when more money is going out than being earned, a budget sets up the habit of slowly taking back control.

PS... Can you find the monkey?

Call our office : 631.599.2263
Visit our website : BBR Productions Inc

Budgeting – What is your overhead?

• BBR Productions Inc : Budgeting – What is your overhead?

Overhead is the amount of money it costs an individual to live monthly. This total is combined of every expense from hygienic items to major bills such as rent or mortgages. An easy way to figure out a monthly budgeting average is to take three months of bank statements and list out each expense. When this is accomplished, divide that total amount, per expense, by three months. This also helps plot out Budget Categories, where expenses are going.

There are four types of expenses; Visible, Invisible, Unforeseen, and a person's Wants vs Needs. A Visible Expenses is set in stone. Rent is a prime example of a Visible Expense. Invisible Expenses are unset by necessary charges. Gas, which is generalized as an expense can vary from week to week. Unforeseen Expenses are emergencies, car breaks down, or maybe even a veterinarian visit for an animal. We all have Wants vs Needs Expenses. We want that new car, or new video game system.

Having an idea of a working budget, and maintaining that budget through spending under allotted Caps, helps take control back. Money controls people when it is out of their control. Such is Time Management. When an individual can control their Time and Money, they take control back into their lives. Break fears of waiting for money to come in with the control of time and money back in your hands. Money and Time have no value until a person gives it value. Be the value above the worry.

PS... Can you find the monkey?

Call our office : 631.599.2263

BBR Productions Inc
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Seminar : Bring reality to your dreams!

Taking place at the CM Performing Arts Center in Oakdale on four different dates

BUY TICKETS (http://www.eventbrite.com/e/seminar-bringing-reality-to-your-dreams-tickets-11966990591)

Thursday July 24th
Saturday July 26th
Thursday July 31st
Saturday August 2nd

Seminar begins at 12 Noon and concludes at 1:30 PM

Bringing reality to your dreams!

• Have you always wanted a career in entertainment?
• Or do you wish you could have a career you actually enjoy?
• Do you wish you had more confidence to take that next step?
• Do you have a goal you are struggling to reach?

Bringing reality to your dreams is a seminar that helps motivate, guide, and teach you the value of action, the value of YOU! It is true that each client is unique in their requirements. We are all beautiful people who deserve opportunities in life. Allow us 1 hour of your time. Preceding the closing of the seminar there will be a 30 minute Q&A dedicated to answering audience questions.

Learn to strengthen :

• Your Triangle of Life
• Organize S.M.A.R.T. Goals
• Gain confidence in yourself
• Create a foundation so they can say YES to life
• Budget your Time & Money to take control back
• Live the life they have always desired

Come learn the power in understanding how to utilize your life tools so you can bring reality to your dreams.

Call our office : 631.599.2263

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The $100,000 Game

• The $100,000 Game

Rule of thumb: If you don't have it in hand, you don't have it to spend. Just because money is coming in, does not mean it will continue to come in. We must spend as if it is not definite. When you have an interest to purchase or spend money, look at your life in the future. Six months into the future. If you lost your job, stopped earning money through asset investments, had no form of money coming in anymore starting today, could you pay off all your bills to a zero balance and survive for 6 months? If the answer is NO, than it might be a bad risk to take. Invest into an Asset to generate extra income to pay for things you desire. In time, your patience, and your investment will be strong enough to buy anything you so wish for. Why do we invest money, instead of spending money? Rule of Thumb: Spend less than you save. The $100,000 Game. Get out a piece of paper, then write down what you would do with a $100,000 given to you free and clear. Write it out, then come back to this point. below are things you may have written.

• Pay off all my bills, loans and other debt

• Buy a car(s)

• Buy a home(s)

• Treat myself to something special, I've earned it

• Give some money to charities

• Help out family and friends where I can

• Buy the company I work for and fire my boss!

• Purchase an Island and live there

Here is why these are all uneducated purchases. These are all liabilities and cost you money to maintain, have, or do. They are not Wealth generating Assets. If you buy all of these things and pay off all your bills what happens to the $100,00 dollars? Where does it go? Why spend the money till you have none. Then you would have to recoup that income just to get back on your feet. How about using this money as a “Bonus” Take 60% of that $100,000 and divide it into your 3 Needs of Purpose. That's $60,000 you have just created opportunities with. You are left with 40% to do what you wish. I would utilize this 40% to sustain your life through a continuous budget that you have generated. With that mentality, you are still living below your means, surviving and giving yourself protective opportunities.

At this point, you now have money to invest, while having money protecting you. The left over $40,000 is money you are spending wisely to keep you living without worry or fear. Living within your means is a educated move. With money in your Growth need, start investing that money to earn spending money. Because money earned on investments is considered your play money. This is the Shave it off the top money you can delegate how ever you please.

Feel free to ask other people the same questions and compare answers.

• Read 3 Needs of Purpose to understand the 60% divide.

PS... Can you find the monkey?

Call our office : 631.599.2263

BBR Productions Inc
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