New Financial Year Begins | Are you ready?

[kaya11]

Happy New Financial Year Guys!

There are different dates which commense the start of new years, for example, 1st Jan is most common calender based 365 year which resets on that and like dollar everyone follows it. However based on traditions, culture, lunar calender etc, there are many years. For example, Lunar, Chinese, Mayan etc.

However, talking about the exclusive year, we are here today on 1st of April, begins the race for new Financial Year.

How do you see this date?
Are there any particular changes you make so that you can have more incomes, less taxes, new real estate purchases and anything thats related to financial goal!


In my case I already have these:
1) Pencil and Chalk art selling (Always open for commisioned work: Pencil Carving Artwork | Personalised Gift | Custom Iconic Art | BTC Accepted )
2) Crypto currency mining. (I have two mining rigs at the moment [GUIDE - Personal Experience] How to get started with Mining )
3) Biotechnologist (Regular job)


My new Financial Goals include:

I am working on setting up my own business related to R&D. Since I have been working in the pharmaceuticals since few years now, its time to pull the rug for myself. I have already set up online selling account for the products that are required in the research supply chain.

This year is crucial and I am willing to set up my own Research Laboratory.

So my first goal is:
1) To collect as much capital as I could.
2) Keep low to null dependency on the loans.
3) Keep debts out of the chart!
4) More product selling, artwork selling.
5) Increasing Mining Capacity for increase capital gain.


Do you make such plannings?

Note: Its very important part of your life to practice financial management. Always check with your CA's or yourself whether you are keeping the healthy credit line. Having your CIBIL score above average is masterpiece if you wanna survive smoothly!
Kids - Start saving, less expenses more savings thats the goal.
Only spend what you dont need, only spend when you need. But off course enjoy the life with what you earn.  

I don't know how to do it (charts), schedules and others that includes listing of different things. I am somehow easily getting dizzy just looking at those. Good thing my wife is on a different level, she manage almost everything from customer service to face to face transactions. We have so many things to do, and that includes expanding our business even more. The only debt we have as of now is our car loan, since we really need it, for logistics and personal use, despite the hike of oil prices, we barely manage to fulfill or task.

Great things are happening on us, we don't believe on new financial years event or some that Chinese and other races beliefs. We only set goals, and that is to be rich with our own hard works, and dedication off course. We don't buy things we don't need, even our clothes are old and we don't even care, just as long as it clean and presentable. Also another is if you want to have more time for your agendas, start waking up early and that would really help you especially when you don't have enough manpower. We got only 2 hired personnel and sometimes it isn't just enough including the both of us, so managing time wisely is also a key to success.

[Reid]

I didn't know there's such a thing but now I do so Happy Financial New Year to you too.
I am kind of intrigued so I tried to read more about it and a lot of surprises was discovered, mostly in UK. 

My goals? I think what I will do is just the same as the past years. Save as much as I can even with the inflation and try not to run dry when it comes to the needs of everyone in the family. It works so there is not much of a need in changing it. I guess there will be a big change when the kids starts growing and the school opens up again. (physical, not virtual). Because there will be more expenses when that time comes.

[savetheFORUM]

Ready or not, we are required to be ready for the possibility that will happen, yes the possibility is bad or more than that. I'm trying to learn how to manage my finances better than before. To prepare for it all, there will definitely be some who have to be personally sacrificed. Whatever it is, for sure everything must be better. I try to correct the mistakes or shortcomings that occurred in the last year. May we achieve something we want.

If you make good plans about your life then things wouldn’t be that bad. The experiences that you have had in the past are what is going to help you to better reshape the decisions you are going to make from now and in the future, and by making sure that you learn from the experiences that you have had so far, you are going to get better and also be able to achieve a lot more than what you have done the previous years.

I have had several experiences with finance which have changed the way I do things. As of recent and I’m getting better with the way I manage my capital and things have really started getting a lot better for me this time around.

[ethereumhunter]

Maybe I do not have such a plan but I am trying to focus on the number 1) To collect as much capital as I could. I do not know how long I can achieve that but I believe if I still focus and work hard, I will get in there. It needs a dream to achieve and that will not make us stop working hard.

May all of us achieve whatever we want this year and live happily.

[doomloop]

Since the April month begins.The new financial year begins,so most of the people and companies started to inverse their money in cryptocurrency.The simple way to earn huge in crypto is very simple investment of huge amount of dollars.It’s not a easy one to inverse hugein a short period.First thing is,you need to save money for the life.The inverse on crypto and get huge profit from it.

Good info; I didn't knew that April was the start for financial year because to me, every new year or the month of January is the start of something new and this includes financial. I believe that it wasn't only April or people wouldn't wait for this month before they start investing in cryptos but investing in cryptos is based on its price like if it's dipping.

This current April the prices of cryptos are doing better but they haven't fully recovered yet so I think investing on them now is still appropriate. The rule of investing is to invest only what you can afford to lose and not to invest a really huge amount thinking that this is the only way to earn big. Small amount can still grow anyway but if you invest big, there is also an assurance that you can lose big.

[so98nn]

I didn't know there's such a thing but now I do so Happy Financial New Year to you too.
I am kind of intrigued so I tried to read more about it and a lot of surprises was discovered, mostly in UK. 

My goals? I think what I will do is just the same as the past years. Save as much as I can even with the inflation and try not to run dry when it comes to the needs of everyone in the family. It works so there is not much of a need in changing it. I guess there will be a big change when the kids starts growing and the school opens up again. (physical, not virtual). Because there will be more expenses when that time comes.

Don’t bother, unfortunately these things like financial management, setting up your goals, etc. Honestly we have to either learn it ourselves or may be taught by someone before we become of that age. Financial management is not a easy job. Sometimes you make lot of plans but you don’t really end up following them. You might think to save up X amount each month but then there are family celebrations, someone birthday, gifts, emergencies and what not. So it has to be way way controlled. Better start with recurring deposits as they need to be done every month compulsory or there is bank charge for failed transaction. So at least there would be big effort to save up.