Asset Management Tips For All Areas Of Your Life

Do you think that asset management only related to taking good care of your finance and property? Well, that's what most people think, and that's how they act in their privet lives.

But if you try to look at things from a deeper and more profound point of view, asset management is important to all the real assets in your life, and these are not necessarily financial and materialistic things.

Your non-material assets could be your time (work time as well as recreational time), your health, your relationships with other people, your skills and knowledge, your hobbies and more.

As you see, it's important to maintain balance and implement asset management to all the assets in your life. True assets provide dividends if managed properly, and this goes to materialistic and non-materialistic assets.

Now that we have established this important insight in to our lives, what can we do to manage out assets better and later enjoy the fruits of this careful grooming?

Let's take a look at a few examples of good asset management:

1. Managing your work time - if you will be managing your free time in a better, smarted way, you could be saving as much as 1-2 hours of work every day. This can translate to getting more done, or, having more free time. In this article I can't get into all the aspects of task management, so let's just talk about the greatest tip: Planning and prioritizing. You need to have a specific, written plan that details what you want to achieve in your work, including dates. That, you need to do daily prioritization of your tasks, so that all the more important tasks are completed in that day, and the less important are pushed away, maybe for tomorrow. This way you will always get the important things done. You'll be amazed at how much time people waste on doing not-important things. Do this and you are guaranteed to create at least 1 more hour a day.

2. Manage your free time - decide what you want to do in your free time and do it. Don't get caught in doing things you don't want to do, like spending time with people you don't like. Consider paying people to do the things you don't like doing like cooking, cleaning, walking the dog...

3. Make some time to plan ahead for all kind of projects you want to do that require good use of your assets. For example, if you want to re-decorate the house, you may find out that you have all the assets to do it on your - you may have a friend who knows about decorating and will be happy to help (you can help them with something else in return). You may be able to take a course in decoration or read a book about it with the extra time you got from managing your work time right.

4. Your finance - most people don't handle their financial affairs properly, and therefore loosing out. It could be a very wise move to sit down and analyze where your money is going to. If you do that for 3 months, you can see that in many cases you can save a few hundred bucks a month. That money can be used to pay debt, go on vacation, purchase an asset and more.

So it's clear that asset management is something that should be implemented to all the areas of your life and not just your assets and financial affairs. Clever asset management of all areas in your life will help you lead a better life all aroun

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Digital Asset Management Software

If your business relies on digital files for its day-to-day operations, then you should definitely invest in quality digital asset management software ? designed to let you track, organize and retrieve important documents, images and other digital files easily.

Digital asset management software has long been a necessity for industries such as digital photography, graphic design, advertising and publishing. Newer versions have features that are relevant to other types of businesses and more and more industries are jumping on the bandwagon.

Among the converts are document-rich organizations that seek to modernize their filing systems. Digital asset management software, although best known for their ability to quickly track image files, now also track and retrieve documents and other frequently-used Microsoft Office files. The software usually captures all of the data/text in the file and then records them into the database. A user can type in keywords or phrases and be led to relevant documents. It also works on PowerPoint and Excel documents, among. Users can also create customized catalogs for their files and cross-reference files in several catalogs. This digital asset management software is so effective that many businesses are migrating from the traditional filing cabinets to these e-files.

What?s more, most digital asset management software is affordable even to smaller businesses. There are single-user versions that go for less than $100, and it only costs $50 more to upgrade to a professional version. Business packages are also affordable at about $2,800 including license. These packages already include servers, multiple user accounts and constant manufacturer support. There are even free online demo versions available to hesitant buyers. These demos have limited functionalities, but business owners who want to try the product out before purchasing find them very useful.

Asset Management Software provides detailed information on Asset Management Software, Digital Asset Management Software, Inventory Asset Management Software, Fixed Asset Management Software and more. Asset Management Software is affliated with Free Project Management Software.

Asset Management Software

If you employ the right technology, managing your business assets can be so much simpler. Say goodbye to time-consuming and error-prone manual asset management ?invest in effective asset management software and keep track of everything from purchasing and bar coding to stock control, all in one click.

When shopping around for asset management software, consider three things: applicability to your current systems, usability and report generation features.

The complexity of asset management software features you need depends on the density of your business processes. As a rule, you need software with the following essential modules: purchasing, depreciation, bar coding, inventory control and a help desk. If much of your existing asset management systems are already web-based, you should find software that is compatible with web browsers or (ERP systems when applicable).

You need software with an interface that allows any users to intuitively find their way around to lessen the downtime in trying to learn these applications. Test-drive the software to see if you can easily access such information as asset details, purchase prices, associated costs and audit trails. Information should be laid out so that you can see the history of every asset and track its location, movement and depreciation. The main point of asset management software is to make recording and retrieving easy.

Another important feature to look for in software is its report generation functionality. It should be able to easily generate preformatted reports and perform custom reporting and sorting. It should also be equipped with a graphics generator that allows you to access instant pictorial representations of the data you need. Your asset management software should allow you to point and click your way into comprehensive data that will allow you to spend less time computing and tracking and more time making big decisions.

Digital Asset Management Software provides detailed information on Asset Management Software, Digital Asset Management Software, Inventory Asset Management Software, Fixed Asset Management Software and more. Digital Asset Management Software is affiliated with Free Project Management Software.

Asset Allocation Management Without Mutual Funds

Many Investment Gurus, with a straight face and a gleam in their eye, will insist that successful investing is a function of expansive research, skillful market timing, and detailed technical analysis. Others emphasize fundamental information about companies, industries, and markets. But trends and numbers are secondary to a thorough understanding of the basic principles of Investing and Management, and their interrelationships. The ingredients for a successful investment portfolio are these: stubborn belief in the Quality, Diversification, and Income trinity from Investments 101, and operations that employ the Planning, Leading, Organizing, and Controlling skills introduced in Freshman Management. Here are some things to keep in mind while you season your experience with patience and marinate your investment process with discipline:

* A viable Investment Program begins with the private development of an Investment Plan. The first step is the identification of personal goals and objectives and a time frame for goal achievement. The end result should be a near autopilot, long-term and increasing, retirement income. Asset Allocation is used to structure the portfolio so that it operates in a goal directed manner. The finished Plan must be flexible in design, based upon reasonable expectations, simple in structure and operation, and easy to supervise.

* Use a "cost based" Asset Allocation Model. Although most of the Investment World operates on a Market Value basis for everything from performance analysis to Asset Allocation and Diversification decision modeling, you will improve your long-term results and stay within your allocation and diversification guidelines better by using a system based upon Working Capital. This widely unknown Asset Allocation "model" takes the hype out of daily stock market reporting and keeps the income investor's focus on appropriate statistics.

* Control your emotions, among other things. Clearly, fear and greed are the two that require the most control in the investment environment... particularly in these days of a reckless media, Internet empowered scam merchants, high-speed information gathering/processing, and cheap personalized trading capabilities. Love and hate need to be dealt with as well, but there are fewer out-of-body influences on these. Only strictly disciplined decision makers need apply for your Investment Management position... and you may not be the ideal candidate. Investment Management is a continual responsibility, not a weekend and occasional evenings avocation.

* Avoid hindsightful analysis, and uninformed (or salesperson) criticism. It is painfully comical how hindsight has taken over in our society... in sports, finance, politics, and the professions, everywhere... everyone you hear is second-guessing and finger pointing. No one is willing to take responsibility for their own actions and everyone is willing to sue whoever coulda', woulda' or shoulda' prevented whatever happened. Investors cannot afford to be Little League crybabies. Make one of the three basic decisions (which are?) and don't look back. No person or program can predict the future, and your portfolio requires management today. The playing field for the investment game is uncertainty.

* Establish a profit-taking target for every security you purchase. The purpose of investing is to make more money than you could in a guaranteed, non-negotiable instrument. This larger money making expectation comes with an assumption of some form of risk... there are several, and its "in there" in all investments. In Equities, set a reasonable profit target and take less if you can get it quickly. With income investments, never say no to a profit equal to a year's income, or 10% if you like round numbers. There are always new investment opportunities, and there is no such thing as a bad profit... or a good loss.

* Examine Market Value numbers at intelligent intervals. Frequent examination is stressful and non-productive. There are no averages or indices that compare with a properly diversified Investment Portfolio, particularly if your Equity selections are screened for Quality and Income. Investing is a long-term endeavor, and neither Shock(sic) Market symbols nor current yields operate on a calendar year schedule. Look at market peaks and troughs over significant time periods that include "cycles"... and do separate your analysis by class.

* Avoid what the crowd is doing and shun investment products. Consumers buy products; Investors buy securities. The crowd is driven by the very emotions that you must learn to control. Stay focused on your plan; analyze your annual income and trading statistics. Buy and hold creates more real tax problems than real millionaires, and gimmicks and fads last just slightly longer than spring fashions. Always buy good stuff on bad news and sell into good news announcements.

* Don't try to save the world with your investment decisions. Never limit your investment opportunities artificially. Votes work better when it comes to changing your world, and corporations should not be the targets of your political hates... get rid of incumbents, state and local, until there are changes in the tax code, social security, tort law, environmental issues, etc. In the meantime, invest with your head, not your heart. The business of a capitalist society is...

* Keep in mind that you need Income to pay the bills, and that your cost of living in retirement will be higher than you think. If you insist on some income from every Equity security you ever own, and beat-the-bank income from income securities, you will obtain two important things: An annually increasing cash flow that will rise at a rate greater than most normal inflation rates, and a higher quality investment portfolio for better long-term investment performance. (If you use a cost based Asset Allocation model with at least 30% invested in income securities and no open end Mutual Funds or Index ETFs.) Never settle for tiny short-term yields or get hooked on those that are unsustainably high.

* Investing is not a competitive event, ever. You don't need to beat the market. You need to accomplish a set of personalized goals. Not even your twin's portfolio should be the same as yours. The faster you run, the less likely it is that you will succeed over time. Big risks, foolproof gimmicks, and exotic computer programs occasion more failures than success stories. Remember the Investment gods? They created Stocks and Bonds... only Stocks and Bonds!

* Avoid Unrealized Gains, Embrace Volatility, Increase Annual Income, and remember that all key investment moments are only visible in rear view mirrors. Most unrealized gains become Schedule D realized losses. As of today there has never been a correction (rally) that has not succumbed to the next rally (correction). Only an increasing income level can beat back inflation... a bigger market value number just doesn't do it.

Perge'

Steve Selengut http://www.sancoservices.com http://www.valuestockbuylistprogram.com Professional Portfolio Management since 1979 Author of: "The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read", and "A Millionaire's Secret Investment Strategy"