I think it goes without saying that if you have to work for a living and live from paycheck to paycheck, at some point in your life you would have dreamed of being wealthy and not having to work as hard as you have most of your life. But if you could turn that dream into reality, would you take the inspired action required to achieve it? Most people complain that most of those who are rich were born with silver spoons in their mouths and got their riches the easy way.
How to Obtain Real Wealth, Financially Speaking
By [http://ezinearticles.com/?expert=Jamie_B._McIntyre]Jamie B. McIntyre
I think it goes without saying that if you have to work for a living and live from paycheck to paycheck, at some point in your life you would have dreamed of being wealthy and not having to work as hard as you have most of your life. But if you could turn that dream into reality, would you take the inspired action required to achieve it? Most people complain that most of those who are rich were born with silver spoons in their mouths and got their riches the easy way. Most people simply dream of becoming rich, but fail to do anything to turn their dreams into reality. Would you like to stop dreaming and know how to obtain real wealth? If so, read on.
The first thing you need to do is be realistic. Accept facts as they are. Becoming wealthy will not be easy and takes real effort, so if you can't come to grips with the effort that is required of you then you'll never get past the first step. If you can set your mind to the challenge then completing it becomes a definite possibility. Once you focus and determine how best to use your skills and talent in obtaining your goal, you will have taken the first step. If others poorer than you have been able to make the effort and come out on top as billionaires, what's stopping you from achieving the same feat?
The second thing you need to take note is that your goal in becoming wealthy must not be centered on selfish means. Take John D Rockefeller for example. He started the Standard Oil company in the early twentieth century and became rich. But he used his wealth to benefit others, to feed the hungry and the poor, and his various charity organizations have raised millions of dollars in the global fight against hunger and disease. While you don't have to follow his example to the tee, consider giving a fair portion of your wealth to reputable charity organizations. Consider it as a karmic investment on your journey of obtaining real financial wealth. What goes around comes around. Always remember: fortune favors the bold, but karma favors the unselfish.
The other thing you need to keep in mind is the phrase "clothes make the man". Now while many may disagree with the statement, it can never be truer. You need to convince yourself that you're made for wealth, that no one can "rock it" like you do, because having the psychological confidence will motivate you into achieving true wealth. The road to obtaining real wealth can be long and arduous, so you need to keep up the motivation in realizing your ultimate goal. Change your mindset; stop thinking poor and start thinking like a rich person. Ever heard of the phrase "I think, therefore I am"? Make that your mantra, instill it as part of your discipline, and make it part of your belief system. Once you believe in something, you can achieve practically anything you can dream of.
Lastly, in order to keep up your motivation towards that ultimate goal, you need to keep the naysayers from your life. This is the most important step of all, because people will tell you that you can't achieve your lofty dreams; that the journey is too hard and it's easier to just give up and be happy with what you have, no matter how little you have. They will tear you down because they themselves don't have the motivation, the conviction to reach for their own dreams. They will want you to be like them; miserable, slogging away, slave to their jobs. Tell them to worry about themselves and leave you alone. You determine your own success, so don't let others tell you that you can't do it. Remember the previous point; if you believe in it, you can achieve it.
To obtain real wealth you need to be strong in your convictions. You need discipline and self-motivation, because it won't be easy. Once you have the necessary characteristics to succeed, work hard and work smart. There are countless of opportunities out there that you can take advantage of; from Forex trading to affiliate marketing to real estate investments, you can make your wealth from just about anything. But once you've tasted success, be prudent with your newfound wealth, or else you'll end up back at square one. [http://www.worldwidewealthsolutions.com/]Click Here to discover the Millionaire SECRETS to financial freedom! Jamie McIntyre is a Life Coach, Philanthropist and self-made Millionaire providing life-changing advice on [http://www.worldwidewealthsolutions.com/]How To Make Money Easily to build your wealth.
Article Source: http://EzineArticles.com/?expert=Jamie_B._McIntyre http://EzineArticles.com/?How-to-Obtain-Real-Wealth,-Financially-Speaking&id=1557347
Sunday, October 12, 2008
Build Up Your Daily Wealth to Achieve Financial Freedom
Are you weighed down by debt and mortgage and overdue payments? Are you going through your own personal financial crisis? Are you looking to achieve financial freedom? You're not alone. Many of us, especially the working class, are seeking that road to financial freedom so we won't have to worry about our financial needs for the future.
Build Up Your Daily Wealth to Achieve Financial Freedom
By [http://ezinearticles.com/?expert=Jamie_B._McIntyre]Jamie B. McIntyre
Are you weighed down by debt and mortgage and overdue payments? Are you going through your own personal financial crisis? Are you looking to achieve financial freedom? You're not alone. Many of us, especially the working class, are seeking that road to financial freedom so we won't have to worry about our financial needs for the future. There are just so many things to consider - emergency funds, children's college funds, retirement funds - that sometimes you can't help but dread the thought of that next due payment. The truth is, anyone can achieve financial freedom; all it takes is careful financial planning. Analyzing and controlling your daily expenses can help you build up your daily wealth and help you get on the road to financial freedom. This article will show you how you can get started.
First of all, if you're a user of credit cards, pay off your credit card debt. Sure, credit cards might seem handy since you don't have to carry a lot of cash unnecessarily, but the extraordinarily high interest rates on credit cards can lead to credit card debts that can cancel out even the greatest investor's gains. The biggest problem with credit cards is that it encourages impulse buying, and most people end up buying things that they don't necessarily need. A lot of people lose track of their expenses and end up accumulating more payables than they can afford to pay off. Buying on credit will not help in your efforts to achieving long term financial freedom, because realistically speaking, as long as you have a credit card, you're in continuous debt.
After you've paid off your credit card debt, cancel your credit cards and stop using them. If you lack the discipline to resist the "grab-and-swipe" temptation, it's the best thing for you. If you don't have it, you won't be tempted. But if you absolutely must have the convenience of "cashless" payment, consider a debit card instead. Debit cards should instill in you the discipline of prudent spending, because with debit cards you're spending what you have in your bank account rather than spending on credit. For most people I know, the fear of seeing a shrinking bank account balance with every expenditure is enough to stave off any other temptation to buy on impulse. They think twice about swiping for that new gold bracelet they might like but don't really need. Debit cards can help you control your finances if used prudently.
Prudent spending can help you save quite a bit of money in the long run. Another savings method you should consider is taking some percentage of your salary and depositing the sum into your savings account. Most people who do this typically take 30% from their salaries, and consider the sum in such accounts as untouchable or "for emergencies only". Again it takes quite a bit of discipline to ensure that you won't be tempted to spend that particular sum, especially after you've spent the remaining 70% of your paycheck. If you use a debit card, it's wise to set up two separate accounts, one for your debit card, and one for your "fixed" savings.
Building up your daily wealth is really as simple as being prudent with your spending. The keyword here is save, save, save. Do not be a slave to debt. Keep track of your finances by using personal financial planning software to key in your cash inflow and outflow so you're aware of your financial position as you go along. If you're not comfortable with the numbers, make adjustments; see which expenses you can reduce or do away with completely, etc. Control your buying impulse. Instill in yourself the discipline to buy what you really need, not what you want or desire. I'm sure that if you can do all of this, you will be well on your way to financial freedom. [http://www.worldwidewealthsolutions.com/]Click Here to discover the Millionaire SECRETS to financial freedom! Jamie McIntyre is a Life Coach, Philanthropist and self-made Millionaire providing life-changing advice on [http://www.worldwidewealthsolutions.com/]How To Make Money Easily to build your wealth.
Article Source: http://EzineArticles.com/?expert=Jamie_B._McIntyre http://EzineArticles.com/?Build-Up-Your-Daily-Wealth-to-Achieve-Financial-Freedom&id=1557342
Build Up Your Daily Wealth to Achieve Financial Freedom
By [http://ezinearticles.com/?expert=Jamie_B._McIntyre]Jamie B. McIntyre
Are you weighed down by debt and mortgage and overdue payments? Are you going through your own personal financial crisis? Are you looking to achieve financial freedom? You're not alone. Many of us, especially the working class, are seeking that road to financial freedom so we won't have to worry about our financial needs for the future. There are just so many things to consider - emergency funds, children's college funds, retirement funds - that sometimes you can't help but dread the thought of that next due payment. The truth is, anyone can achieve financial freedom; all it takes is careful financial planning. Analyzing and controlling your daily expenses can help you build up your daily wealth and help you get on the road to financial freedom. This article will show you how you can get started.
First of all, if you're a user of credit cards, pay off your credit card debt. Sure, credit cards might seem handy since you don't have to carry a lot of cash unnecessarily, but the extraordinarily high interest rates on credit cards can lead to credit card debts that can cancel out even the greatest investor's gains. The biggest problem with credit cards is that it encourages impulse buying, and most people end up buying things that they don't necessarily need. A lot of people lose track of their expenses and end up accumulating more payables than they can afford to pay off. Buying on credit will not help in your efforts to achieving long term financial freedom, because realistically speaking, as long as you have a credit card, you're in continuous debt.
After you've paid off your credit card debt, cancel your credit cards and stop using them. If you lack the discipline to resist the "grab-and-swipe" temptation, it's the best thing for you. If you don't have it, you won't be tempted. But if you absolutely must have the convenience of "cashless" payment, consider a debit card instead. Debit cards should instill in you the discipline of prudent spending, because with debit cards you're spending what you have in your bank account rather than spending on credit. For most people I know, the fear of seeing a shrinking bank account balance with every expenditure is enough to stave off any other temptation to buy on impulse. They think twice about swiping for that new gold bracelet they might like but don't really need. Debit cards can help you control your finances if used prudently.
Prudent spending can help you save quite a bit of money in the long run. Another savings method you should consider is taking some percentage of your salary and depositing the sum into your savings account. Most people who do this typically take 30% from their salaries, and consider the sum in such accounts as untouchable or "for emergencies only". Again it takes quite a bit of discipline to ensure that you won't be tempted to spend that particular sum, especially after you've spent the remaining 70% of your paycheck. If you use a debit card, it's wise to set up two separate accounts, one for your debit card, and one for your "fixed" savings.
Building up your daily wealth is really as simple as being prudent with your spending. The keyword here is save, save, save. Do not be a slave to debt. Keep track of your finances by using personal financial planning software to key in your cash inflow and outflow so you're aware of your financial position as you go along. If you're not comfortable with the numbers, make adjustments; see which expenses you can reduce or do away with completely, etc. Control your buying impulse. Instill in yourself the discipline to buy what you really need, not what you want or desire. I'm sure that if you can do all of this, you will be well on your way to financial freedom. [http://www.worldwidewealthsolutions.com/]Click Here to discover the Millionaire SECRETS to financial freedom! Jamie McIntyre is a Life Coach, Philanthropist and self-made Millionaire providing life-changing advice on [http://www.worldwidewealthsolutions.com/]How To Make Money Easily to build your wealth.
Article Source: http://EzineArticles.com/?expert=Jamie_B._McIntyre http://EzineArticles.com/?Build-Up-Your-Daily-Wealth-to-Achieve-Financial-Freedom&id=1557342
Profitable ETF Trading Strategies - Appreciating Behavioral Finance
What does psychology tell us about market returns? Are we programmed by biology to fail in the stock market? How do professional traders deal with the limitations of human cognition?
Profitable ETF Trading Strategies - Appreciating Behavioral Finance
By [http://ezinearticles.com/?expert=Ken_Long]Ken Long
We know that people pride themselves on their rationality and analytical skills. This is very evident in traders who invest a lot of psychological energy into their systems and personal discipline. It is also very clear that psychology is extraordinarily evident in financial decisions. Time and again, psychological pressures will over-rule rational analysis and the herd will behave in predictable, reliable, sub-optimal ways when markets reach extreme conditions.
There is no purely rational explanation for this behavior unless you study human cognition and then recognize that human decision making is a blend of both emotional intelligence and rationality. Most evidence from the literature favors emotional intelligence as the dominant force, particularly in times of stress, when the brain is flooded with hormones that trigger the fight or flight behaviors which have been so successful in biological evolutionary terms for millions of years. The development of conscious rationality is a relatively recent phenomenon, and in moments of stress cannot compete with our unconscious and subconscious thought processes. No matter how much we may want to believe that we are rational creatures with pure free will, biology tells us otherwise.
The Nobel prize winning work of Kahneman and Tversky in behavioral finance is a direct look into the workings of the human mind in this respect. Their investigations have spawned a whole host of scholarly inquiry that reinforces these ideas of the importance of the often counter-productive role of normal instinct and snap decision-making in financial markets.
The habits and processes of mind that have proven to be so successful in the physical, biological world do not migrate effectively to financial markets where flights to safety at moments of extreme pain characterize price action at market bottoms. When all the people who can be driven from their positions and there is no one left to sell, then all the remaining market players are able to more or less calmly gather up great bargains.
It is a combination of art and science to know when these moments of extreme overreaction have occurred. The market is littered with the corpses of bottom-pickers who staked their capital on the confidence they had in their ability to rationally pick the bottom, unlike the other pilgrims who panicked at that price level. Mistaken confidence in our own ability to be rational accounts for these many false starts.
What can a trader do who wants to participate in the opportunity represented at or near market bottoms but doesn't want to repeat the mistakes of other would be bottom pickers and panicked sellers? It is a real challenge, and anyone who offers a fail-safe, high reliability should be looked at skeptically. They should be asked to explain how their method of selection and timing accounts for the demonstrated fallibility of rationality in moments of stress. Why is their method different than those of the failed traders who right up until the moment of catastrophe were supremely confident?
This is the challenge of Long Term Capital Management, whose Nobel prize winners were undone by their belief in the power of their own special brand of rationality and nearly brought down the world financial markets.
Can it be that success in the markets is NOT a function of pure rationality alone? That as long as markets are driven by emotional responses to moments of extraordinary stress that the emotional qualities of human psychology will produce statistically unlikely occurrences on a regular basis? I think so, and I will always operate on that basis until I see compelling evidence to the contrary.
It turns out that survival in the market begins with a heightened sense of danger that begins to account for the possibility of extreme adverse market moves well before the selling is fully manifested. Does this mean that there are times when you have to forego the apparently easy money that comes from following irrationally exuberant megatrends?
I believe so, in the same way that the wise second mouse must forego the easy cheese sitting out there in plain sight. The first mouse often gets the easy cheese until that swift moment of final total consciousness when he discovers that the easy cheese was not so easy after all. Unfortunately the first mouse doesn't get to reflect for very long on his new found knowledge.
I want to be the second mouse, and design systems and rule sets that operate on that basis and philosophy.
Examine the source and basis for your confidence in your own abilities or in the abilities of your trusted custodians. How does their approach account for the possibility of overconfidence?
Good hunting!
Ken Long, Chief of Research, Tortoise Capital Management
finance: http://www.tortoisecapital.com
essays: http://kansasreflections.wordpress.com
Independent research, combining technical analysis and behavioral psychology.
30 day free trial of reports and live trader chatroom.
Training, education, mentoring and coaching for professional traders.
Article Source: http://EzineArticles.com/?expert=Ken_Long http://EzineArticles.com/?Profitable-ETF-Trading-Strategies---Appreciating-Behavioral-Finance&id=1557178
Profitable ETF Trading Strategies - Appreciating Behavioral Finance
By [http://ezinearticles.com/?expert=Ken_Long]Ken Long
We know that people pride themselves on their rationality and analytical skills. This is very evident in traders who invest a lot of psychological energy into their systems and personal discipline. It is also very clear that psychology is extraordinarily evident in financial decisions. Time and again, psychological pressures will over-rule rational analysis and the herd will behave in predictable, reliable, sub-optimal ways when markets reach extreme conditions.
There is no purely rational explanation for this behavior unless you study human cognition and then recognize that human decision making is a blend of both emotional intelligence and rationality. Most evidence from the literature favors emotional intelligence as the dominant force, particularly in times of stress, when the brain is flooded with hormones that trigger the fight or flight behaviors which have been so successful in biological evolutionary terms for millions of years. The development of conscious rationality is a relatively recent phenomenon, and in moments of stress cannot compete with our unconscious and subconscious thought processes. No matter how much we may want to believe that we are rational creatures with pure free will, biology tells us otherwise.
The Nobel prize winning work of Kahneman and Tversky in behavioral finance is a direct look into the workings of the human mind in this respect. Their investigations have spawned a whole host of scholarly inquiry that reinforces these ideas of the importance of the often counter-productive role of normal instinct and snap decision-making in financial markets.
The habits and processes of mind that have proven to be so successful in the physical, biological world do not migrate effectively to financial markets where flights to safety at moments of extreme pain characterize price action at market bottoms. When all the people who can be driven from their positions and there is no one left to sell, then all the remaining market players are able to more or less calmly gather up great bargains.
It is a combination of art and science to know when these moments of extreme overreaction have occurred. The market is littered with the corpses of bottom-pickers who staked their capital on the confidence they had in their ability to rationally pick the bottom, unlike the other pilgrims who panicked at that price level. Mistaken confidence in our own ability to be rational accounts for these many false starts.
What can a trader do who wants to participate in the opportunity represented at or near market bottoms but doesn't want to repeat the mistakes of other would be bottom pickers and panicked sellers? It is a real challenge, and anyone who offers a fail-safe, high reliability should be looked at skeptically. They should be asked to explain how their method of selection and timing accounts for the demonstrated fallibility of rationality in moments of stress. Why is their method different than those of the failed traders who right up until the moment of catastrophe were supremely confident?
This is the challenge of Long Term Capital Management, whose Nobel prize winners were undone by their belief in the power of their own special brand of rationality and nearly brought down the world financial markets.
Can it be that success in the markets is NOT a function of pure rationality alone? That as long as markets are driven by emotional responses to moments of extraordinary stress that the emotional qualities of human psychology will produce statistically unlikely occurrences on a regular basis? I think so, and I will always operate on that basis until I see compelling evidence to the contrary.
It turns out that survival in the market begins with a heightened sense of danger that begins to account for the possibility of extreme adverse market moves well before the selling is fully manifested. Does this mean that there are times when you have to forego the apparently easy money that comes from following irrationally exuberant megatrends?
I believe so, in the same way that the wise second mouse must forego the easy cheese sitting out there in plain sight. The first mouse often gets the easy cheese until that swift moment of final total consciousness when he discovers that the easy cheese was not so easy after all. Unfortunately the first mouse doesn't get to reflect for very long on his new found knowledge.
I want to be the second mouse, and design systems and rule sets that operate on that basis and philosophy.
Examine the source and basis for your confidence in your own abilities or in the abilities of your trusted custodians. How does their approach account for the possibility of overconfidence?
Good hunting!
Ken Long, Chief of Research, Tortoise Capital Management
finance: http://www.tortoisecapital.com
essays: http://kansasreflections.wordpress.com
Independent research, combining technical analysis and behavioral psychology.
30 day free trial of reports and live trader chatroom.
Training, education, mentoring and coaching for professional traders.
Article Source: http://EzineArticles.com/?expert=Ken_Long http://EzineArticles.com/?Profitable-ETF-Trading-Strategies---Appreciating-Behavioral-Finance&id=1557178
Profitable ETF Trading Techniques - Market Classification
The very first thing I analyze when I am creating my daily trading plan is the current market classification. The reason? Because, depending on which scholar you read, the market itself contributes as much as 50% of the return of individual stock gains/losses.
Profitable ETF Trading Techniques - Market Classification
By [http://ezinearticles.com/?expert=Ken_Long]Ken Long
The very first thing I analyze when I am creating my daily trading plan is the current market classification.
The reason? Because, depending on which scholar you read, the market itself contributes as much as 50% of the return of individual stock gains/losses. It makes sense to me then that the most important single factor should be the first place to research.
If you only get one thing right, it should be the current market condition.
I look at market condition in 2 time dimensions: Long term and Intermediate term. The time periods I chose are specific to the way I trade and the typical time periods I look to hold individual positions. I believe that your time frame should affect how you look at the market. I believe one size fits all strategies are not well suited for individual success. To that end, I consider long term to be the last 180 days and short term to be the last 10 days.
I look at long term market condition in 2 dimensions: Price level and Relative Volatility. Without going into the specific techniques I use to classify individual states, suffice it to say that I have 3 price categories: Bull-Sideways-Bear, and 3 volatility conditions: Quiet-Normal-Volatile. This creates a 3×3 matrix, with 9 possible market condition states. (See table below)
Looking back at the last 13 years of S&P 500 price data (that's as long as the S&P ETF: SPY, has price data available), I analyzed the statistics of the returns of the market for the next day based on the current market condition as defined, and concluded that there were distinct differences in the results for each of the 9 states. It turns out that there are only 4 of the 9 states where, on average the following days return is positive.
This is an extraordinarily important piece of information to know when looking at trading opportunities for the following day, especially if your trading instrument or "target" is strongly correlated to the US large cap market. The image below is an example of the market classification matrix in action. It shouldn't surprise you to see the market is currently (as of Oct 4, 2008) in Bear Volatile: the worst condition for expected returns.
What's important to note is that my analysis model classified the market as Bear Volatile on Sept 9, and has remained there ever since. The market is down well over 10% in that time period. It's down over 20% since entering Bear Quiet mode on June 03, 2008. Being alert to market condition can prevent those kinds of losses from occurring and add tremendous value and insight to any long term investment program as well as inform short term trading strategies.
Ken Long, Chief of Research, Tortoise Capital Management
finance: http://www.tortoisecapital.com
essays: http://kansasreflections.wordpress.com
Independent research, combining technical analysis and behavioral psychology.
30 day free trial of reports and live trader chatroom.
Training, education, mentoring and coaching for professional traders.
Article Source: http://EzineArticles.com/?expert=Ken_Long http://EzineArticles.com/?Profitable-ETF-Trading-Techniques---Market-Classification&id=1555815
Profitable ETF Trading Techniques - Market Classification
By [http://ezinearticles.com/?expert=Ken_Long]Ken Long
The very first thing I analyze when I am creating my daily trading plan is the current market classification.
The reason? Because, depending on which scholar you read, the market itself contributes as much as 50% of the return of individual stock gains/losses. It makes sense to me then that the most important single factor should be the first place to research.
If you only get one thing right, it should be the current market condition.
I look at market condition in 2 time dimensions: Long term and Intermediate term. The time periods I chose are specific to the way I trade and the typical time periods I look to hold individual positions. I believe that your time frame should affect how you look at the market. I believe one size fits all strategies are not well suited for individual success. To that end, I consider long term to be the last 180 days and short term to be the last 10 days.
I look at long term market condition in 2 dimensions: Price level and Relative Volatility. Without going into the specific techniques I use to classify individual states, suffice it to say that I have 3 price categories: Bull-Sideways-Bear, and 3 volatility conditions: Quiet-Normal-Volatile. This creates a 3×3 matrix, with 9 possible market condition states. (See table below)
Looking back at the last 13 years of S&P 500 price data (that's as long as the S&P ETF: SPY, has price data available), I analyzed the statistics of the returns of the market for the next day based on the current market condition as defined, and concluded that there were distinct differences in the results for each of the 9 states. It turns out that there are only 4 of the 9 states where, on average the following days return is positive.
This is an extraordinarily important piece of information to know when looking at trading opportunities for the following day, especially if your trading instrument or "target" is strongly correlated to the US large cap market. The image below is an example of the market classification matrix in action. It shouldn't surprise you to see the market is currently (as of Oct 4, 2008) in Bear Volatile: the worst condition for expected returns.
What's important to note is that my analysis model classified the market as Bear Volatile on Sept 9, and has remained there ever since. The market is down well over 10% in that time period. It's down over 20% since entering Bear Quiet mode on June 03, 2008. Being alert to market condition can prevent those kinds of losses from occurring and add tremendous value and insight to any long term investment program as well as inform short term trading strategies.
Ken Long, Chief of Research, Tortoise Capital Management
finance: http://www.tortoisecapital.com
essays: http://kansasreflections.wordpress.com
Independent research, combining technical analysis and behavioral psychology.
30 day free trial of reports and live trader chatroom.
Training, education, mentoring and coaching for professional traders.
Article Source: http://EzineArticles.com/?expert=Ken_Long http://EzineArticles.com/?Profitable-ETF-Trading-Techniques---Market-Classification&id=1555815
Double Your Money in a 2 Minute Investment
Wealth creation is quite a simple thing. After all, what is more simple than the concept of finding ways to double our money. It is perplexing how complicated this idea has become as millions of pages have been written about wealth creation and the topic of generating returns, when after all is said and done, there is only one question, the answer of which shall make you rich.
Double Your Money in a 2 Minute Investment
By [http://ezinearticles.com/?expert=Terry_Hart]Terry Hart
Wealth creation is quite a simple thing. After all, what is more simple than the concept of finding ways to double our money. It is perplexing how complicated this idea has become as millions of pages have been written about wealth creation and the topic of generating returns, when after all is said and done, there is only one question, the answer of which shall make you rich.
Finding ways to double your money is the goal of building wealth. Starting at $100 dollars you would have over $1 million dollars after 14 such doubling events, now that's compounding at work. An investment need not take 10 years to mature and nor do you need to wait until you start seeing gray hairs before you can sell that investment off for a profit.
Taking profits more often can actually be good for your financial statement. Keeping money moving and circulating has an empowering affect. When you park your entire capital account on a few blue chip shares and buckle in for a good 20 year wait, what happens is not very much except waiting.
Having the power to always be re-investing and taking profits in all manner of alternative and creative investment ideas is the "well spring" of determined wealth production. A 2 minute investment is just as good as a 10 year investment as long as there is a return. Also there is a lot to be said for active "hands on" investing. Too many investors see it as a passive activity, but the true Topguns see their investing as a daily business that requires tending to on a regular basis.
If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read about Martin Thomas in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.
Imagine doubling your money every week with no or little risk! To discover a verified list of Million Dollar Corporations offering you their products at 75% commission to you. Click the link below to learn HOW you will begin compounding your capital towards your first Million Dollars at the easy corporate money program. [http://www.easycorporatemoney.com/]http://www.easycorporatemoney.com
Article Source: http://EzineArticles.com/?expert=Terry_Hart http://EzineArticles.com/?Double-Your-Money-in-a-2-Minute-Investment&id=1555658
Double Your Money in a 2 Minute Investment
By [http://ezinearticles.com/?expert=Terry_Hart]Terry Hart
Wealth creation is quite a simple thing. After all, what is more simple than the concept of finding ways to double our money. It is perplexing how complicated this idea has become as millions of pages have been written about wealth creation and the topic of generating returns, when after all is said and done, there is only one question, the answer of which shall make you rich.
Finding ways to double your money is the goal of building wealth. Starting at $100 dollars you would have over $1 million dollars after 14 such doubling events, now that's compounding at work. An investment need not take 10 years to mature and nor do you need to wait until you start seeing gray hairs before you can sell that investment off for a profit.
Taking profits more often can actually be good for your financial statement. Keeping money moving and circulating has an empowering affect. When you park your entire capital account on a few blue chip shares and buckle in for a good 20 year wait, what happens is not very much except waiting.
Having the power to always be re-investing and taking profits in all manner of alternative and creative investment ideas is the "well spring" of determined wealth production. A 2 minute investment is just as good as a 10 year investment as long as there is a return. Also there is a lot to be said for active "hands on" investing. Too many investors see it as a passive activity, but the true Topguns see their investing as a daily business that requires tending to on a regular basis.
If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read about Martin Thomas in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.
Imagine doubling your money every week with no or little risk! To discover a verified list of Million Dollar Corporations offering you their products at 75% commission to you. Click the link below to learn HOW you will begin compounding your capital towards your first Million Dollars at the easy corporate money program. [http://www.easycorporatemoney.com/]http://www.easycorporatemoney.com
Article Source: http://EzineArticles.com/?expert=Terry_Hart http://EzineArticles.com/?Double-Your-Money-in-a-2-Minute-Investment&id=1555658
Rich Women - 10 Reasons You Need to Join the Club
Women need to be rich. They live longer but they earn less, invest less and know less than men about money. There is gender inequality in global wealth. With the economy slowing down, it is more important than ever to become wealthy. Here are 10 reasons you need to become a rich woman.
Rich Women - 10 Reasons You Need to Join the Club
By [http://ezinearticles.com/?expert=Joanna_Penn]Joanna Penn
There is gender inequality in global wealth. Men earn more money. Men invest more money. Men save more money. Men run more companies. Yet women live longer and 50% of marriages end in divorce, so women will be alone at some point in their lives. 3 out of 4 elderly women live in poverty, but most weren't poor when their men were alive. With the economy slowing down, it is more important than ever to become wealthy. Here are 10 reasons you need to become a rich woman.
1. Independence. Learning to create and control money will release you from dependence on any one person, or the government.
2. Self-esteem. If you learn how to be financially independent, you will grow in self-confidence and this will enhance your relationships at all levels. You can look after yourself and your family financially.
3. Protection of you and yours. In these times of economic doubt, protection of your home and your assets is critical. Creating wealth and understanding money will help protect what you have already.
4. Providing for your family. New ways of creating multiple streams of income can help you enhance life for all the family.
5. Live the life of your dreams. With the wealth you create, you can have that fantastic house, amazing new car and travel when you like. You can send the kids to the best college, and have that new wardrobe. You can live the life of your dreams.
6. Equality. Why should men make all the money? Women are good investors and money managers, as well as great entrepreneurs. We just have some catching up to do.
7. Giving. When you have money, you can give more away. Bill Gates and Warren Buffett gave more to charity than whole countries can earn. The richer you are, the more you can give.
8. Freedom and choice. If you are wealthy, you have the choice over what you do with your time, and your life. You have the freedom to work at what you want, to travel when you want, to spend what you want. You have choices that you do not have now.
9. For your future. There won't be a government pension for most people, or it will be so little it will mean life on the poverty line. If you want to have a future worth looking forward to, you need to ensure you are financially secure.
10. Just to prove you can do it! Maybe you have always wanted to be rich, you just didn't know how to do it. Challenge yourself. Find out how and take action!
Joanna Penn is an author, speaker and consultant.
Get your Free "7 Secrets of Millionaires" audio and report at http://www.GirlsCreateWealth.com
Article Source: http://EzineArticles.com/?expert=Joanna_Penn http://EzineArticles.com/?Rich-Women---10-Reasons-You-Need-to-Join-the-Club&id=1558418
Rich Women - 10 Reasons You Need to Join the Club
By [http://ezinearticles.com/?expert=Joanna_Penn]Joanna Penn
There is gender inequality in global wealth. Men earn more money. Men invest more money. Men save more money. Men run more companies. Yet women live longer and 50% of marriages end in divorce, so women will be alone at some point in their lives. 3 out of 4 elderly women live in poverty, but most weren't poor when their men were alive. With the economy slowing down, it is more important than ever to become wealthy. Here are 10 reasons you need to become a rich woman.
1. Independence. Learning to create and control money will release you from dependence on any one person, or the government.
2. Self-esteem. If you learn how to be financially independent, you will grow in self-confidence and this will enhance your relationships at all levels. You can look after yourself and your family financially.
3. Protection of you and yours. In these times of economic doubt, protection of your home and your assets is critical. Creating wealth and understanding money will help protect what you have already.
4. Providing for your family. New ways of creating multiple streams of income can help you enhance life for all the family.
5. Live the life of your dreams. With the wealth you create, you can have that fantastic house, amazing new car and travel when you like. You can send the kids to the best college, and have that new wardrobe. You can live the life of your dreams.
6. Equality. Why should men make all the money? Women are good investors and money managers, as well as great entrepreneurs. We just have some catching up to do.
7. Giving. When you have money, you can give more away. Bill Gates and Warren Buffett gave more to charity than whole countries can earn. The richer you are, the more you can give.
8. Freedom and choice. If you are wealthy, you have the choice over what you do with your time, and your life. You have the freedom to work at what you want, to travel when you want, to spend what you want. You have choices that you do not have now.
9. For your future. There won't be a government pension for most people, or it will be so little it will mean life on the poverty line. If you want to have a future worth looking forward to, you need to ensure you are financially secure.
10. Just to prove you can do it! Maybe you have always wanted to be rich, you just didn't know how to do it. Challenge yourself. Find out how and take action!
Joanna Penn is an author, speaker and consultant.
Get your Free "7 Secrets of Millionaires" audio and report at http://www.GirlsCreateWealth.com
Article Source: http://EzineArticles.com/?expert=Joanna_Penn http://EzineArticles.com/?Rich-Women---10-Reasons-You-Need-to-Join-the-Club&id=1558418
When Will the Dow Jones Start to Recover From These Four Year Lows?
The Dow Jones fell to its lowest value in four years this afternoon as the threat of a global slowdown and a potential recession weighed on investor confidence. Many people have become quite shocked about the severity of the recent falls and are starting to wonder just when the markets will recover.
When Will the Dow Jones Start to Recover From These Four Year Lows?
By [http://ezinearticles.com/?expert=Steve_Hill]Steve Hill
The Dow Jones fell to its lowest value in four years this afternoon as the threat of a global slowdown and a potential recession weighed on investor confidence. Many people have become quite shocked about the severity of the recent falls and are starting to wonder just when the markets will recover.
So just how much lower can the Dow Jones go? This is an impossible to question to answer, especially for a novice investor such as myself. I personally believe that the Dow Jones will fall to as low as 9000 before starting a recovery, but this is just a guess of course.
Some big hitters are just waiting to make a move. These speculative investors like to buy when the markets are very low and we are surely close to where that mark is today.
I certainly would not be putting any lump sum investments into this current volatile and falling market. Today alone the Dow Jones has fallen over seven percent and to put in a lump sum seems just too risky to me. I understand all of the generalisations that people such as financial advisers make, statements like this lump sum investment should be seen as a medium to long-term investment is all well and good however when it falls fifteen percent in a month people start to worry.
I prefer to pay a monthly premium into my stock market based investments. This enables me to take advantage of what is called pound cost averaging. This is where the monthly premium purchases additional units/shares when the stock markets fall which aids the investment when the markets recover.
I am not becoming too worried at the moment and just hope that the recovery can come fairly quickly.
Steve Hill is a webmaster from Birmingham, he has interests in a number of websites including: [http://www.stammering-stuttering.co.uk]stuttering therapies [http://www.adaptatech.co.uk]DVD authoring
Article Source: http://EzineArticles.com/?expert=Steve_Hill http://EzineArticles.com/?When-Will-the-Dow-Jones-Start-to-Recover-From-These-Four-Year-Lows?&id=1559771
When Will the Dow Jones Start to Recover From These Four Year Lows?
By [http://ezinearticles.com/?expert=Steve_Hill]Steve Hill
The Dow Jones fell to its lowest value in four years this afternoon as the threat of a global slowdown and a potential recession weighed on investor confidence. Many people have become quite shocked about the severity of the recent falls and are starting to wonder just when the markets will recover.
So just how much lower can the Dow Jones go? This is an impossible to question to answer, especially for a novice investor such as myself. I personally believe that the Dow Jones will fall to as low as 9000 before starting a recovery, but this is just a guess of course.
Some big hitters are just waiting to make a move. These speculative investors like to buy when the markets are very low and we are surely close to where that mark is today.
I certainly would not be putting any lump sum investments into this current volatile and falling market. Today alone the Dow Jones has fallen over seven percent and to put in a lump sum seems just too risky to me. I understand all of the generalisations that people such as financial advisers make, statements like this lump sum investment should be seen as a medium to long-term investment is all well and good however when it falls fifteen percent in a month people start to worry.
I prefer to pay a monthly premium into my stock market based investments. This enables me to take advantage of what is called pound cost averaging. This is where the monthly premium purchases additional units/shares when the stock markets fall which aids the investment when the markets recover.
I am not becoming too worried at the moment and just hope that the recovery can come fairly quickly.
Steve Hill is a webmaster from Birmingham, he has interests in a number of websites including: [http://www.stammering-stuttering.co.uk]stuttering therapies [http://www.adaptatech.co.uk]DVD authoring
Article Source: http://EzineArticles.com/?expert=Steve_Hill http://EzineArticles.com/?When-Will-the-Dow-Jones-Start-to-Recover-From-These-Four-Year-Lows?&id=1559771
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