Nobody in LA is talking about anything else but Death of Michael Jackson. To be honest I didn't really liked him, I had a lot of fun watching great parody of him in Eminem's clips. Now I got a deep reflection about Michael Jackson. Of course he had a lot of moneys, happy life, his own "play grounds" in major worlds capitols, where people who never wanted to grew up could come and have fun, by the way he even made a few scandals, but let's be honest in front of ourself - now it's all gone.
Now, after investigation and all this median sensation, his all wealth will be spreaded between lawyers, tax office and family. I'm wondering how many people now will declare true friendship with Michael, without asking: "Did Michael mentioned anything about me in the testament?"
For some of you my dear readers, what I just said might be offensive but isn't this funny anyway? You can change your skin color, be a famous celebrity, make millions, sell millions, be loved by millions and die like a freaked out wired-o in the age of 50. I'm wondering what 2pac would say and what would Jesus do ;]
Thursday, June 25, 2009
Friday, June 12, 2009
5 Important Steps To Help You Achieve The Success & Wealth You Want
A lot of people dream of having wealth and success, yet it is only a few who can take this 'dream' further and actually work towards achieving the success and wealth they desire in their lives.
For you to be wealthy, you need to be ready, willing and able to work hard for it.
So what are the 5 steps to follow in order to get what you want?
1. You must know exactly what you want.
How can you achieve something if you do not know exactly what it is you want to achieve? It is important for you to know precisely the level of success and wealth you want. Your goals must also be 'smart' goals (specific, measurable, achievable, realistic and timed). Wanting to achieve some level of success and wealth is a natural human being's instinct - but you will need to specify the goals and targets you want to achieve. Write down your goals and priorities; and specify all the actions that you will need to take in order to achieve these goals.
2. You must want it badly enough.
If you really want something, you will get it. If you fail to get it, then you do not want it badly enough. If you really want to achieve some level of success and wealth in your life, then nothing can stop you from achieving that. You must have strong desire and commitment to work towards achieving that which you want; and any setbacks and challenges you will face will not hinder you from ultimately getting what you want.
You will need to be very optimistic, focus on 'potential' and not 'problems'. Try to visualize the best possible outcome and benefits of what you want to achieve; and let this keep you motivated and energized while you work towards your success and wealth goals.
3. You must believe that you are going to get it.
Your mind and attitude are your greatest assets which can help you achieve the success and wealth you desire. Your thoughts influence what you can achieve in your life, so you must have positive thoughts and attitude. It is very important that you make the future happen in your thoughts; and this will guide you towards the success and wealth you want. It is equally important that you stop any counterproductive habits that interfere with your efforts.
4. You must be persistent and focused
Persistence is one of the very important traits that you will need to achieve your goals of being wealthy and successful. A lot of people give up their success and wealth dreams simply because they are not persistent. When you face any hurdles, find solutions for them. If you experience a setback, get yourself up and keep on working towards your goal. By diligently working towards your goals everyday, you will get the level of success and wealth you want.
5. You must be dedicated to work hard
Success and wealth can be easily achieved by those who are prepared to invest the necessary dedication and effort. Without your dedicated effort, then you will not achieve your goals.
After you have decided on the goals you want to achieve, you need to follow through with some action. Implement the plan which will help you achieve your success and wealth goals, review your progress, overcome any obstacles that come in your way, and be committed to working hard. Celebrate every victory you achieve, enjoy your achievements and continue to work towards the success and wealth you want.
If you want success and wealth in your life, set your goals, work hard towards achieving the goals, be persistent and most importantly, believe that you will get it!
For you to be wealthy, you need to be ready, willing and able to work hard for it.
So what are the 5 steps to follow in order to get what you want?
1. You must know exactly what you want.
How can you achieve something if you do not know exactly what it is you want to achieve? It is important for you to know precisely the level of success and wealth you want. Your goals must also be 'smart' goals (specific, measurable, achievable, realistic and timed). Wanting to achieve some level of success and wealth is a natural human being's instinct - but you will need to specify the goals and targets you want to achieve. Write down your goals and priorities; and specify all the actions that you will need to take in order to achieve these goals.
2. You must want it badly enough.
If you really want something, you will get it. If you fail to get it, then you do not want it badly enough. If you really want to achieve some level of success and wealth in your life, then nothing can stop you from achieving that. You must have strong desire and commitment to work towards achieving that which you want; and any setbacks and challenges you will face will not hinder you from ultimately getting what you want.
You will need to be very optimistic, focus on 'potential' and not 'problems'. Try to visualize the best possible outcome and benefits of what you want to achieve; and let this keep you motivated and energized while you work towards your success and wealth goals.
3. You must believe that you are going to get it.
Your mind and attitude are your greatest assets which can help you achieve the success and wealth you desire. Your thoughts influence what you can achieve in your life, so you must have positive thoughts and attitude. It is very important that you make the future happen in your thoughts; and this will guide you towards the success and wealth you want. It is equally important that you stop any counterproductive habits that interfere with your efforts.
4. You must be persistent and focused
Persistence is one of the very important traits that you will need to achieve your goals of being wealthy and successful. A lot of people give up their success and wealth dreams simply because they are not persistent. When you face any hurdles, find solutions for them. If you experience a setback, get yourself up and keep on working towards your goal. By diligently working towards your goals everyday, you will get the level of success and wealth you want.
5. You must be dedicated to work hard
Success and wealth can be easily achieved by those who are prepared to invest the necessary dedication and effort. Without your dedicated effort, then you will not achieve your goals.
After you have decided on the goals you want to achieve, you need to follow through with some action. Implement the plan which will help you achieve your success and wealth goals, review your progress, overcome any obstacles that come in your way, and be committed to working hard. Celebrate every victory you achieve, enjoy your achievements and continue to work towards the success and wealth you want.
If you want success and wealth in your life, set your goals, work hard towards achieving the goals, be persistent and most importantly, believe that you will get it!
How To Make Money Flipping Real Estate
Making money with real estate flipping is very possible. It is not the easiest thing in the world to do, but with a bit of skill and knowledge you can become a success in this niche of the real estate industry. The thing that you need to remember is that investing in any type of real estate is a risk. If you expect to come out on top every time you are not being realistic. And this holds true for making money with real estate flipping in particular.
The way that you make money by flipping real estate is quite simple. The first step that you will take is purchasing a piece of property for a low price. But do not just search by price. If you do this you may end up buying something that has no potential at all. From there, the next step is to fix the property up in order to make sure that it meets all of the codes, and that somebody would actually want to purchase it. Finally, the money making step of the process. You will sell the property for as much money as you can. In order to calculate your total profits, all you have to do is subtract the buying price and the money you put into the home from the selling price. This will tell you how much you have made with the particular transaction.
Those are the three basic steps to making money with real estate flipping. Even though there are many more details that go into it, if you are aware of the three basic steps you will at least know where to start.
Before you begin attempting to make money by flipping real estate you will want to learn as much as you can about the industry. Try to find information online, in books, and by speaking with people who have experience. This way you will not be left out in the dark when you get started. Some people make the mistake of being blinded by all the money that can be made. Even though this is a good thing, it should not be the only thing on your mind.
Overall, making money with real estate flipping may or may not be right for you. You may become a millionaire with real estate flipping, but at the same time you may lose money on some properties; it is impossible to say until you actually give it a shot.
The way that you make money by flipping real estate is quite simple. The first step that you will take is purchasing a piece of property for a low price. But do not just search by price. If you do this you may end up buying something that has no potential at all. From there, the next step is to fix the property up in order to make sure that it meets all of the codes, and that somebody would actually want to purchase it. Finally, the money making step of the process. You will sell the property for as much money as you can. In order to calculate your total profits, all you have to do is subtract the buying price and the money you put into the home from the selling price. This will tell you how much you have made with the particular transaction.
Those are the three basic steps to making money with real estate flipping. Even though there are many more details that go into it, if you are aware of the three basic steps you will at least know where to start.
Before you begin attempting to make money by flipping real estate you will want to learn as much as you can about the industry. Try to find information online, in books, and by speaking with people who have experience. This way you will not be left out in the dark when you get started. Some people make the mistake of being blinded by all the money that can be made. Even though this is a good thing, it should not be the only thing on your mind.
Overall, making money with real estate flipping may or may not be right for you. You may become a millionaire with real estate flipping, but at the same time you may lose money on some properties; it is impossible to say until you actually give it a shot.
Self Improvement Tips for Wealth Creation? Getting Rich Starts from Within
Few people realize that getting rich does not just happen by using mathematical and business skills. There is definitely more to that in creating wealth. If you want to get rich, you have to make changes. And the first changes you need to make will be those that focus on self-improvement.
Contentment sometimes represents the easy way out
Sometimes people deliberately deceive themselves by feigning contentment in order to avoid working harder and taking more risks to go for what they really want. Dont try to fake being contented when youre not. If you want to dream, dream big. If you need to create goals for yourself, make them big enough to incorporate what you want in life. It is okay to start with small steps, but plan goals out far enough to incorporate really big dreams, too, if they are what you want.
1.) Time is Gold
Many people have been taught this adage from day one, but a lot of people are unfortunately not able to appreciate it. Time is precious, and the truly wealthy dont waste this precious commodity. Instead, they do their utmost to make the most out of their time. If you want to join them at the top, you need to adopt the same attitude.
2.) Get Your Priorities Straight
Decide what you think is most important; do you spend a day at the spa or attend Mandarin Chinese lessons? Create priorities that will help you create wealth. Be honest with yourself and decide which tasks are important and which ones are not. Then prioritize them so that you take care of the important ones first and which can wait if need be.
3.) Start Planning Ahead
Having clear-cut goals and priorities in life is necessary to help you create wealth, but these alone will not do the job. They will only help you if you go on to figure out the next step: As exactly how will you create wealth?
4.) The Only Failure in Life is Failing to Try
Life is complicated, as everyone knows, but dont let that stop you from getting what you want, which in this case is to create wealth. Of course, you will likely encounter obstacles that may stop you from reaching your goal temporarily, but the only time you will truly fail is when you dont try at all. You also have to make sure that you try hard enough and that you keep trying even in the face of failure as long as it is feasible.
5.) Give and Take
Be prepared to both ask for favors and give something in return. If you are used to being self-reliant, that is great. But if you are determined to create a business, you need to understand that you will need to work in cooperation with others at least some of the time.
6.) Do not be Too Proud or Stubborn to Take Advice.
If the suggestions and advice offered by others have merit, then go ahead and give the advice a try. Never presume that you know everything or that you cant learn from someone else. There will always be something new to learn. This lesson can not only help you get rich, but it can help you stay rich and become richer as well.
It is important that you strive to improve how you think, speak, feel, and act, first and foremost. Once these changes have been implemented and have become habit, then concentrate on attaining external goals to reach your main objective of getting rich, and getting rich now!
Contentment sometimes represents the easy way out
Sometimes people deliberately deceive themselves by feigning contentment in order to avoid working harder and taking more risks to go for what they really want. Dont try to fake being contented when youre not. If you want to dream, dream big. If you need to create goals for yourself, make them big enough to incorporate what you want in life. It is okay to start with small steps, but plan goals out far enough to incorporate really big dreams, too, if they are what you want.
1.) Time is Gold
Many people have been taught this adage from day one, but a lot of people are unfortunately not able to appreciate it. Time is precious, and the truly wealthy dont waste this precious commodity. Instead, they do their utmost to make the most out of their time. If you want to join them at the top, you need to adopt the same attitude.
2.) Get Your Priorities Straight
Decide what you think is most important; do you spend a day at the spa or attend Mandarin Chinese lessons? Create priorities that will help you create wealth. Be honest with yourself and decide which tasks are important and which ones are not. Then prioritize them so that you take care of the important ones first and which can wait if need be.
3.) Start Planning Ahead
Having clear-cut goals and priorities in life is necessary to help you create wealth, but these alone will not do the job. They will only help you if you go on to figure out the next step: As exactly how will you create wealth?
4.) The Only Failure in Life is Failing to Try
Life is complicated, as everyone knows, but dont let that stop you from getting what you want, which in this case is to create wealth. Of course, you will likely encounter obstacles that may stop you from reaching your goal temporarily, but the only time you will truly fail is when you dont try at all. You also have to make sure that you try hard enough and that you keep trying even in the face of failure as long as it is feasible.
5.) Give and Take
Be prepared to both ask for favors and give something in return. If you are used to being self-reliant, that is great. But if you are determined to create a business, you need to understand that you will need to work in cooperation with others at least some of the time.
6.) Do not be Too Proud or Stubborn to Take Advice.
If the suggestions and advice offered by others have merit, then go ahead and give the advice a try. Never presume that you know everything or that you cant learn from someone else. There will always be something new to learn. This lesson can not only help you get rich, but it can help you stay rich and become richer as well.
It is important that you strive to improve how you think, speak, feel, and act, first and foremost. Once these changes have been implemented and have become habit, then concentrate on attaining external goals to reach your main objective of getting rich, and getting rich now!
Work Hard For Your Wealth!
When I just started work after graduation, I have earned income to spend on the things I desired. But if I came across something that is too expensive, I would tell myself to forget it. It is outside of my budget. That is the way I was brought up. Spend within my means and forget about things that I cannot afford. These things are meant for the rich people only.
After reading a few books and attending a few seminars on wealth creation, I have realized my mistake of laziness. Instead of thinking very hard on how to earn money to buy those expensive things, I have chosen the easy way out by giving myself the excuse that I cannot afford it.
In fact, my laziness to think hard to make money is inherent in a lot of ways in my life.
Firstly, when someone tried to show me a way that I could earn money, I would turn him because I was too busy with my current employment. I felt that there is no need for me to further stretch myself to earn extra money since I was already receiving a reasonable steady income. I should relax and enjoy myself during my leisure time.
Actually, that was an excuse. The real reason was that I was not prepared to think and work hard to become rich. What I really wanted was instant wealth! I simply wanted to become rich without the need to go through the process of failures and setbacks.
But this is not possible based on my knowledge gained from reading and observations. Failures and setbacks are essential for everyone to learn from their mistakes so that they can improve and achieve success.
Secondly, if there was a proven system available for me to achieve wealth, I was still not prepared to do it. My excuse for laziness would be that I did not have a coach to guide me. I would face difficulties in learning to use the proven system. I would need someone to handheld me all the way. I could not do it by myself.
Thirdly, if there was a mentor to coach me to achieve wealth, the first question that came to my mind was does this really work? What if there is no result after putting in all my efforts? Why don't I just wait and see. Let observe someone who was doing it and see what would be his outcome. If he were successful, then I would follow him. Wait and see attitude is just another excuse for laziness.
As you can see, I could come out with all sorts of excuses for doing anything even if there were perfect conditions available. All these excuses voice down to one and only one thing, I was not ready to pay the price to become rich. I was ready to work hard for an employer but I was not ready to work hard for myself.
How did I finally realize my mistake? Well, it was due my exploration to gain instant wealth.
When someone told me that I could be rich by doing option trading, I quickly signed up for the course and hope to gain instant wealth. After studying and learning for a while, I realized that a lot of time and effort is required to truly master the necessary skills.
When someone told me that I could be wealthy by investing in real estate, I was distracted and gave up on the previous course that I was learning. I would then signed up for the new course and hope to gain instant wealth.
I had tried a lot of things but only to give up when I found that I needed to put in a lot of hard work to master the skills. I was looking for a way to gain instant wealth. In the end, I was forced to face the reality that there is no quick way but hard work.
Hard work is required mentally, emotionally and physically. If I want to become right, I need to think of ways and means to learn and accumulate wealth. This is mental hard work. Each time I face a failure or setback, I need to deal my emotions so that I do not give up. This is emotional hard work. I need to spend time and effort to carry out the actual actions to learn and accumulate wealth. This is physical hard work.
Without hard work, there will be no failures and setbacks. Without failures and setbacks, I will not be able to learn from my mistakes so that I can achieve success one day. With this new understanding, I am no longer afraid to work hard for myself.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
After reading a few books and attending a few seminars on wealth creation, I have realized my mistake of laziness. Instead of thinking very hard on how to earn money to buy those expensive things, I have chosen the easy way out by giving myself the excuse that I cannot afford it.
In fact, my laziness to think hard to make money is inherent in a lot of ways in my life.
Firstly, when someone tried to show me a way that I could earn money, I would turn him because I was too busy with my current employment. I felt that there is no need for me to further stretch myself to earn extra money since I was already receiving a reasonable steady income. I should relax and enjoy myself during my leisure time.
Actually, that was an excuse. The real reason was that I was not prepared to think and work hard to become rich. What I really wanted was instant wealth! I simply wanted to become rich without the need to go through the process of failures and setbacks.
But this is not possible based on my knowledge gained from reading and observations. Failures and setbacks are essential for everyone to learn from their mistakes so that they can improve and achieve success.
Secondly, if there was a proven system available for me to achieve wealth, I was still not prepared to do it. My excuse for laziness would be that I did not have a coach to guide me. I would face difficulties in learning to use the proven system. I would need someone to handheld me all the way. I could not do it by myself.
Thirdly, if there was a mentor to coach me to achieve wealth, the first question that came to my mind was does this really work? What if there is no result after putting in all my efforts? Why don't I just wait and see. Let observe someone who was doing it and see what would be his outcome. If he were successful, then I would follow him. Wait and see attitude is just another excuse for laziness.
As you can see, I could come out with all sorts of excuses for doing anything even if there were perfect conditions available. All these excuses voice down to one and only one thing, I was not ready to pay the price to become rich. I was ready to work hard for an employer but I was not ready to work hard for myself.
How did I finally realize my mistake? Well, it was due my exploration to gain instant wealth.
When someone told me that I could be rich by doing option trading, I quickly signed up for the course and hope to gain instant wealth. After studying and learning for a while, I realized that a lot of time and effort is required to truly master the necessary skills.
When someone told me that I could be wealthy by investing in real estate, I was distracted and gave up on the previous course that I was learning. I would then signed up for the new course and hope to gain instant wealth.
I had tried a lot of things but only to give up when I found that I needed to put in a lot of hard work to master the skills. I was looking for a way to gain instant wealth. In the end, I was forced to face the reality that there is no quick way but hard work.
Hard work is required mentally, emotionally and physically. If I want to become right, I need to think of ways and means to learn and accumulate wealth. This is mental hard work. Each time I face a failure or setback, I need to deal my emotions so that I do not give up. This is emotional hard work. I need to spend time and effort to carry out the actual actions to learn and accumulate wealth. This is physical hard work.
Without hard work, there will be no failures and setbacks. Without failures and setbacks, I will not be able to learn from my mistakes so that I can achieve success one day. With this new understanding, I am no longer afraid to work hard for myself.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
Trading The Emini? Here's How To Shortcut The 3 Year Learning Curve
Understanding technical analysis and candlestick chart patterns on the Emini can give us very reliable signals for trade entries and exits, and take a lot of the guess work out of trading the Emini futures market. It is very hard to argue which way the trend is heading if the index is making a series of higher tops and bottoms on our chart and the candles are all green. Buying the index in these circumstances is like getting carried up an escalator...it's an easy trade when you go with the flow.
Unfortunately, many people fight the trend and sell (or worse, go short) at every small down tick, thinking they have picked the top, only to see the Emini rise further immediately. By the time the buyers are finished, these traders have spent their monetary and psychological capital in a futile attempt to pick the top of the market.
Becoming proficient at technical analysis and determining the trend of the market can give us the inside running as traders, but it can take years of study and trial and error to become good enough at it to become successful. Does TA work all the time? Of course not, nothing does. Losses on some trades are inevitable, as we cannot know for sure what the market will do. All our analysis can do is alert us to probabilities - there are no certainties in financial markets.
This is the hardest thing for most traders to accept. We all hate to be wrong, but that is the nature of the business. All we can do is take every trade our system gives us and see what happens. The better our analysis and our system, the more likely our trades will produce profits. And in addition to TA skills, you need patience, discipline and emotional control to become a successful Emini trader.
Typically, as traders we must find or develop and perfect a trading system or set of analysis tools that we are comfortable with, based on what we learn from other traders, learning from our (often expensive) mistakes, taking courses and other forms of study.
But what if you could short-cut the learning curve and become a profitable Emini trader as soon as today? What if you could 'borrow' a successful trader's system and immediately implement it for yourself? Instead of spending your time learning to trade, you could actually be trading profitably almost immediately.
The solution is to find an advisory or trading alert service that tells you when to buy, where to put your stop loss order, and when to sell. Now the signals the service gives you have to be reliable of course, but when you find one that helps you to make consistent profits trading the Emini, all you have to do is stick with it and you have saved yourself countless hours of study and analysis (and probably years of painful, expensive trial and error). This is time you can better spend enjoying the lifestyle that becoming a profitable trader gives you.
Let's face it; most of us don't trade the market just because we enjoy the rush. We want the money, the lifestyle and the time freedom it gives us. Working from home (or anywhere else for that matter) for a few hours a day, taking days off when we want to, no boss to answer to.
Trading the Emini market for a living is the ultimate lifestyle business. Well as long as you are making money it is... If you're not, it's a nightmare. You can see the potential, but the learning curve and time it sucks up can take a huge chunk of your life.
For my money, it makes sense to let somebody else spend the hundreds of hours and thousands of dollars required to learn to trade profitably, and then hitch a ride on their coat tails. All I have to do is invest a small percentage of my ongoing profits to access the service, and I get to keep ALL the rest. This is something you should consider testing if you are not making the kind of returns you know are possible trading the Emini S&P, the Emini Dow, the Emini Russell or Emini Nasdaq markets.
Joining a profitable Emini trading advisory service, one that gives you reliable technical analysis entry and exit signals, will save you countless hours of study (and many sleepless nights) as you grapple with learning to trade profitably yourself. Something to think about?
Unfortunately, many people fight the trend and sell (or worse, go short) at every small down tick, thinking they have picked the top, only to see the Emini rise further immediately. By the time the buyers are finished, these traders have spent their monetary and psychological capital in a futile attempt to pick the top of the market.
Becoming proficient at technical analysis and determining the trend of the market can give us the inside running as traders, but it can take years of study and trial and error to become good enough at it to become successful. Does TA work all the time? Of course not, nothing does. Losses on some trades are inevitable, as we cannot know for sure what the market will do. All our analysis can do is alert us to probabilities - there are no certainties in financial markets.
This is the hardest thing for most traders to accept. We all hate to be wrong, but that is the nature of the business. All we can do is take every trade our system gives us and see what happens. The better our analysis and our system, the more likely our trades will produce profits. And in addition to TA skills, you need patience, discipline and emotional control to become a successful Emini trader.
Typically, as traders we must find or develop and perfect a trading system or set of analysis tools that we are comfortable with, based on what we learn from other traders, learning from our (often expensive) mistakes, taking courses and other forms of study.
But what if you could short-cut the learning curve and become a profitable Emini trader as soon as today? What if you could 'borrow' a successful trader's system and immediately implement it for yourself? Instead of spending your time learning to trade, you could actually be trading profitably almost immediately.
The solution is to find an advisory or trading alert service that tells you when to buy, where to put your stop loss order, and when to sell. Now the signals the service gives you have to be reliable of course, but when you find one that helps you to make consistent profits trading the Emini, all you have to do is stick with it and you have saved yourself countless hours of study and analysis (and probably years of painful, expensive trial and error). This is time you can better spend enjoying the lifestyle that becoming a profitable trader gives you.
Let's face it; most of us don't trade the market just because we enjoy the rush. We want the money, the lifestyle and the time freedom it gives us. Working from home (or anywhere else for that matter) for a few hours a day, taking days off when we want to, no boss to answer to.
Trading the Emini market for a living is the ultimate lifestyle business. Well as long as you are making money it is... If you're not, it's a nightmare. You can see the potential, but the learning curve and time it sucks up can take a huge chunk of your life.
For my money, it makes sense to let somebody else spend the hundreds of hours and thousands of dollars required to learn to trade profitably, and then hitch a ride on their coat tails. All I have to do is invest a small percentage of my ongoing profits to access the service, and I get to keep ALL the rest. This is something you should consider testing if you are not making the kind of returns you know are possible trading the Emini S&P, the Emini Dow, the Emini Russell or Emini Nasdaq markets.
Joining a profitable Emini trading advisory service, one that gives you reliable technical analysis entry and exit signals, will save you countless hours of study (and many sleepless nights) as you grapple with learning to trade profitably yourself. Something to think about?
How To Shortcut The Emini Trading Learning Curve By Three Years Or More
I'm an observer. I watch Emini traders come and go, I watch them start their trading careers with great enthusiasm, spend a fortune on learning this business, and a lot of the time, watch them blow up and give the game away frustrated without ever knowing why.
Hot topics, Emini trading systems and trends come along regularly. There's always a new 'in' thing making an appearance on the trader's radar screen. And whenever there's a new rage, there will be traders who jump on the bandwagon.
But the fact is that many of these trading system 'revelations' are nothing more than over-hyped garbage designed to separate gullible traders from their cash. Systems that sound great in theory, but don't work in the real world. What happens when this new system doesn't work as advertised? People begin to lose interest and look for the next big thing. And so the cycle continues.
Marketers selling their Emini trading systems continue to roll out their latest and greatest 'must have' tools and methods for beating the market, and all the poor souls who are looking for something to help them improve their trading results, pile on board hoping that finally 'this is the one'.
Normally it's not 'the one' at all, so the promoters give a few refunds to those who actually tried to use it and failed, and everyone else just puts the whole sad episode down to experience. There is a never-ending stream of trading products and courses to buy. The bottomline is that you might never stop spending money on useless training if you try to learn to trade the Emini yourself.
But - What if could shortcut this expensive, difficult to master, extremely time consuming 'learning to trade' experience altogether and start trading the Emini market profitably right now, as soon as tomorrow?
Well you can, and it's a very simple thing to do. By subscribing to a Trading Alert Service that gives you high probability buy and sell signals, you completely remove the need to spend a fortune on trial and error and untold years of your valuable time on learning to trade.
You simply borrow the proven system of somebody who's worked out how to trade the Emini market profitably, and follow the signals you are given. Of course, there are good Alert Services and there are bad ones, so what should you look for when making a decision on which one to register for?
1. Look for a service run by trader who has been in the market for a long period of time who still actually trades the Emini market. You wouldn't believe the number of people selling trading services who have been so beat up by the market that they haven't traded in years. If the guy who runs the service is actually making the calls live in the market for you, that's even better.
2. Make sure you can access a free trial of the service so you can 'road test' the alerts and the atmosphere of the Trading Room before you commit to it. If they won't give you a trial, run, don't walk, away with your credit card safely in your wallet.
3. Spend your time during your free trial period testing the validity of the trading calls and make sure they are profitable before you commit to becoming a member of the system. If you don't find that the system produces a profit for you (whether you paper traded the alerts during your trial or traded them for real), it's unlikely that it will afterwards either. Beware the "Oh, this was just a bad week" story some people will spin you.
By finding a Trading Alert Service that produces consistently profitable trades, you will save your most valuable resource - your time, and likely thousands of dollars in losses as you try to work it all out for yourself.
Hot topics, Emini trading systems and trends come along regularly. There's always a new 'in' thing making an appearance on the trader's radar screen. And whenever there's a new rage, there will be traders who jump on the bandwagon.
But the fact is that many of these trading system 'revelations' are nothing more than over-hyped garbage designed to separate gullible traders from their cash. Systems that sound great in theory, but don't work in the real world. What happens when this new system doesn't work as advertised? People begin to lose interest and look for the next big thing. And so the cycle continues.
Marketers selling their Emini trading systems continue to roll out their latest and greatest 'must have' tools and methods for beating the market, and all the poor souls who are looking for something to help them improve their trading results, pile on board hoping that finally 'this is the one'.
Normally it's not 'the one' at all, so the promoters give a few refunds to those who actually tried to use it and failed, and everyone else just puts the whole sad episode down to experience. There is a never-ending stream of trading products and courses to buy. The bottomline is that you might never stop spending money on useless training if you try to learn to trade the Emini yourself.
But - What if could shortcut this expensive, difficult to master, extremely time consuming 'learning to trade' experience altogether and start trading the Emini market profitably right now, as soon as tomorrow?
Well you can, and it's a very simple thing to do. By subscribing to a Trading Alert Service that gives you high probability buy and sell signals, you completely remove the need to spend a fortune on trial and error and untold years of your valuable time on learning to trade.
You simply borrow the proven system of somebody who's worked out how to trade the Emini market profitably, and follow the signals you are given. Of course, there are good Alert Services and there are bad ones, so what should you look for when making a decision on which one to register for?
1. Look for a service run by trader who has been in the market for a long period of time who still actually trades the Emini market. You wouldn't believe the number of people selling trading services who have been so beat up by the market that they haven't traded in years. If the guy who runs the service is actually making the calls live in the market for you, that's even better.
2. Make sure you can access a free trial of the service so you can 'road test' the alerts and the atmosphere of the Trading Room before you commit to it. If they won't give you a trial, run, don't walk, away with your credit card safely in your wallet.
3. Spend your time during your free trial period testing the validity of the trading calls and make sure they are profitable before you commit to becoming a member of the system. If you don't find that the system produces a profit for you (whether you paper traded the alerts during your trial or traded them for real), it's unlikely that it will afterwards either. Beware the "Oh, this was just a bad week" story some people will spin you.
By finding a Trading Alert Service that produces consistently profitable trades, you will save your most valuable resource - your time, and likely thousands of dollars in losses as you try to work it all out for yourself.
Foundations Of Wealth Creation!
When I see a tall building, I always wonder how a building can be that tall without falling over. By chance, I manage to read about the construction of a tall building and realize that the foundation of any tall building is carefully designed to support it. A lot of efforts and works are done at building the foundation.
Once a strong foundation is built, the construction of each story seemed to be rather easy. If I equate a tall building as great wealth, then this is like seeing the rich people keep getting richer faster! This is because they have a good foundation to create their wealth just like a tall building has a strong foundation to build more storeys.
What are the foundations of wealth creation? After reading a few books on wealth creation including the Rich Dad's series by Robert Kiyosaki and attending a few seminars on wealth creation, I have identified a few foundations for wealth creation based on my understanding.
Firstly, I need to have a physical health so that I have the physical energy to work hard. Imagine if I am always sick, I will never be able to concentrate on my work. Progress will be always hindered by my poor physical health.
I will need to exercise regularly to keep my body fit and healthy. Lack of exercise will cause my body to have poor immunity to diseases. I will need to watch what I eat and drink so that I can remain healthy. Eating junk foods and drinking liquors excessively harm my physical body. Also, I will need to rest enough to ensure that I have ample energy to work on my plans. Lack of sleep will cause me to be forgetful and make mistakes in my plans to gain financial freedom.
Secondly, there is a need for me to have good mental health so that I can concentrate on my plans to achieve financial freedom. If I do not have good mental health, I will lose focus easily and get distracted by other things.
I will need to practice concentration meditation regularly to keep my mind fit and sharp. Lack of concentration exercise means I will not be able to focus on my plans totally and thus prone to making careless mistakes.
Making genuine mistake is good but making careless mistake is bad. Careless mistakes are mistakes that I have already learned and become aware of. Thus, there is nothing much I can learn from these careless mistakes that will accelerate my path to financial freedom.
If I have made a genuine mistake, then I will be able to learn something from this mistake. The purpose of learning from mistake is so that I will not repeat them again as highlighted in the Rich Dad's series by Robert Kiyosaki. If I keep repeating the mistakes, then it defeat the purpose of learning from mistakes.
Thirdly, there is a requirement for good emotional health so that I will not get emotional over my decisions. I need to practice insight meditation to understand how my mind works. By understanding how my emotions arise and fall in my mind, then I will be able to manage my emotions better. If I can manage my emotions properly, then I will be able to make decisions based more on logic than emotions.
For example, if I cannot manage the fear of failures, then I will not be able to make the decision to master any skills that are essential for wealth creation. This is because failures are part and parcel of the learning process. If I can manage such a fear, then I will be able to master any skills quickly.
Next, I need to have a good spiritual health. That can be achieved by doing good deeds to help the needy around me. It may not just be money that they required. Learn to give love and care, time to listen to them and so on. This will help me to build a peaceful mind. If I have a peaceful mind, then I will be able to perform better in whatever I am trying to achieve.
Just like a tall building needs different layers of foundation. I feel that there are different layers of foundation required for wealth creation. What I have described above is just the first layer of foundation. Without a good physical, mental, emotional and spiritual health, there is no way I can face and manage the challenges in life well so that I can succeed in life.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
Once a strong foundation is built, the construction of each story seemed to be rather easy. If I equate a tall building as great wealth, then this is like seeing the rich people keep getting richer faster! This is because they have a good foundation to create their wealth just like a tall building has a strong foundation to build more storeys.
What are the foundations of wealth creation? After reading a few books on wealth creation including the Rich Dad's series by Robert Kiyosaki and attending a few seminars on wealth creation, I have identified a few foundations for wealth creation based on my understanding.
Firstly, I need to have a physical health so that I have the physical energy to work hard. Imagine if I am always sick, I will never be able to concentrate on my work. Progress will be always hindered by my poor physical health.
I will need to exercise regularly to keep my body fit and healthy. Lack of exercise will cause my body to have poor immunity to diseases. I will need to watch what I eat and drink so that I can remain healthy. Eating junk foods and drinking liquors excessively harm my physical body. Also, I will need to rest enough to ensure that I have ample energy to work on my plans. Lack of sleep will cause me to be forgetful and make mistakes in my plans to gain financial freedom.
Secondly, there is a need for me to have good mental health so that I can concentrate on my plans to achieve financial freedom. If I do not have good mental health, I will lose focus easily and get distracted by other things.
I will need to practice concentration meditation regularly to keep my mind fit and sharp. Lack of concentration exercise means I will not be able to focus on my plans totally and thus prone to making careless mistakes.
Making genuine mistake is good but making careless mistake is bad. Careless mistakes are mistakes that I have already learned and become aware of. Thus, there is nothing much I can learn from these careless mistakes that will accelerate my path to financial freedom.
If I have made a genuine mistake, then I will be able to learn something from this mistake. The purpose of learning from mistake is so that I will not repeat them again as highlighted in the Rich Dad's series by Robert Kiyosaki. If I keep repeating the mistakes, then it defeat the purpose of learning from mistakes.
Thirdly, there is a requirement for good emotional health so that I will not get emotional over my decisions. I need to practice insight meditation to understand how my mind works. By understanding how my emotions arise and fall in my mind, then I will be able to manage my emotions better. If I can manage my emotions properly, then I will be able to make decisions based more on logic than emotions.
For example, if I cannot manage the fear of failures, then I will not be able to make the decision to master any skills that are essential for wealth creation. This is because failures are part and parcel of the learning process. If I can manage such a fear, then I will be able to master any skills quickly.
Next, I need to have a good spiritual health. That can be achieved by doing good deeds to help the needy around me. It may not just be money that they required. Learn to give love and care, time to listen to them and so on. This will help me to build a peaceful mind. If I have a peaceful mind, then I will be able to perform better in whatever I am trying to achieve.
Just like a tall building needs different layers of foundation. I feel that there are different layers of foundation required for wealth creation. What I have described above is just the first layer of foundation. Without a good physical, mental, emotional and spiritual health, there is no way I can face and manage the challenges in life well so that I can succeed in life.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
Creating Wealth!
Creating wealth is a way to gain financial freedom quickly. Based on my understanding of the Rich Dad's series by Robert Kiyosaki, the rich people create wealth. For example, the rich people start a company and get it listed on the stock exchange. The shares of a start up company are not really valuable. But the company manages to be listed in the stock exchange, the value of the shares suddenly shot up.
Another way to create wealth is writing options. I can write contracts to sell or buy shares at a particular price that is valid for a period of time and sell the contracts for money. In that sense, I am creating money out of a contract.
But exactly what is involved in the process of creating wealth? So far I only know that I can create wealth by starting a company and getting it listed because I read about it. If I do not understand the concept of creating wealth, then there is no way I can be creative to find other ways to create wealth.
Thus, I decide to find out more about wealth creation. After a while, I finally manage to gain a little understanding in wealth creation. That is after I have attended a course on mind training. This course is supposed to help me to understand how my mind works so that I can be more in harmony with myself and relate better to other people.
To explain what I have understood so far, there is a need to understand what is money. Money is usually in a form of notes or coins. But have you ever wonder what is money? To a baby, a $1000 notes is just a simply a piece of paper to play with. He does not attach any value to it. Also, a coin is simply a piece of metal alloy toy. He does not have the concept of money at all.
Since I was once a baby, how come now I see these specially printed notes and coins as money and not just as papers and metal alloys? Apparently somewhere along my life, my perception of the specially printed notes and coins has changed. I have attached value to these printed notes and coins.
Changing my perception alone is not enough to make the specially printed notes and coins valuable as money. Other people must perceive the same set of specially printed notes and coins as money as well. For example, I can design and print my own notes and coins. I can treat these notes and coins as money. But if other people do not see them as money, then I will not be able to use my own notes and coins as money.
The situation changes if other people perceive the notes and coins designed by me as money. The notes and coins that are specially designed by me are now valuable. In that sense, I have created wealth from nothing.
That also explains why counterfeit money works. Counterfeit notes and coins essentially are just papers and metal alloys. But these fake notes and coins are designed in such a way that they resemble real notes and coins. Thus, people are misled to perceive the counterfeit money as real money.
Please note that I am not asking you to counterfeit money or commit any crimes here. Personally, I am against criminal activities. What I am trying to point out here is that the key to wealth creation is the ability to change the perceptions of other people.
For example, why does people buy lottery tickets? A lottery ticket essentially is just a piece of paper with a unique number printed. A piece of paper with a unique number printed is essentially a worthless piece of paper as perceived by people. How to create wealth from this piece of worthless paper? It just needs an idea to change people perception. In this case, by packaging and selling it as a chance to win a large sum of money, people perceive it as something valuable and thus willing to spend money to buy it.
In conclusion, I can create wealth from ideas, papers or anything as long as I change the perception of other people. To change the perception of other people, I will require selling skills to sell people the idea that it is valuable. Thus, Robert Kiyosaki highlights selling skills as an essential skill to achieve great wealth in the Rich Dad's series. Like it or not, I will have to take the first step to learn how to sell so as to achieve financial freedom.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
Another way to create wealth is writing options. I can write contracts to sell or buy shares at a particular price that is valid for a period of time and sell the contracts for money. In that sense, I am creating money out of a contract.
But exactly what is involved in the process of creating wealth? So far I only know that I can create wealth by starting a company and getting it listed because I read about it. If I do not understand the concept of creating wealth, then there is no way I can be creative to find other ways to create wealth.
Thus, I decide to find out more about wealth creation. After a while, I finally manage to gain a little understanding in wealth creation. That is after I have attended a course on mind training. This course is supposed to help me to understand how my mind works so that I can be more in harmony with myself and relate better to other people.
To explain what I have understood so far, there is a need to understand what is money. Money is usually in a form of notes or coins. But have you ever wonder what is money? To a baby, a $1000 notes is just a simply a piece of paper to play with. He does not attach any value to it. Also, a coin is simply a piece of metal alloy toy. He does not have the concept of money at all.
Since I was once a baby, how come now I see these specially printed notes and coins as money and not just as papers and metal alloys? Apparently somewhere along my life, my perception of the specially printed notes and coins has changed. I have attached value to these printed notes and coins.
Changing my perception alone is not enough to make the specially printed notes and coins valuable as money. Other people must perceive the same set of specially printed notes and coins as money as well. For example, I can design and print my own notes and coins. I can treat these notes and coins as money. But if other people do not see them as money, then I will not be able to use my own notes and coins as money.
The situation changes if other people perceive the notes and coins designed by me as money. The notes and coins that are specially designed by me are now valuable. In that sense, I have created wealth from nothing.
That also explains why counterfeit money works. Counterfeit notes and coins essentially are just papers and metal alloys. But these fake notes and coins are designed in such a way that they resemble real notes and coins. Thus, people are misled to perceive the counterfeit money as real money.
Please note that I am not asking you to counterfeit money or commit any crimes here. Personally, I am against criminal activities. What I am trying to point out here is that the key to wealth creation is the ability to change the perceptions of other people.
For example, why does people buy lottery tickets? A lottery ticket essentially is just a piece of paper with a unique number printed. A piece of paper with a unique number printed is essentially a worthless piece of paper as perceived by people. How to create wealth from this piece of worthless paper? It just needs an idea to change people perception. In this case, by packaging and selling it as a chance to win a large sum of money, people perceive it as something valuable and thus willing to spend money to buy it.
In conclusion, I can create wealth from ideas, papers or anything as long as I change the perception of other people. To change the perception of other people, I will require selling skills to sell people the idea that it is valuable. Thus, Robert Kiyosaki highlights selling skills as an essential skill to achieve great wealth in the Rich Dad's series. Like it or not, I will have to take the first step to learn how to sell so as to achieve financial freedom.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
Term Life Insurance Understood
Life insurance provides a death benefit to your beneficiaries and can replace some of the income you were earning. Therefore, an important part of a sound financial plan is aqequate life insurance. Adequate meaning that it will provide enough money that your family can continue living the same standard of life that you've worked so hard to provide for them while you're alive. For example, this can help preserve any investments, savings, or other assets you intended on paying off.
Term Life Insurance Can Be An Asset:
Term life insurance is a policy that provides coverage to the insured over a certain length of time. This makes this policy an assset to your overall financial portfolio. One key advantage of level term life insurance is that the monthly premiums remain level for the life of the policy (whether it be 5, 10, 15, 20, 25, or 30 years).
However, you may opt for "yearly" renewable term life insurance which has a lower initial premium. With this option the premium rises each year. Be advised that yearly renewable term life insurance is only cost effective for a few years because of the increasing premiums. Before you invest in term life insurance you need to decide if you are looking for a solution that runs more than a few years. A level term life insurance policy can cost less depending upon the number of years you'll require coverage.
Reasons For Buying Term Life Insurance:
Term life insurance cost less than permanent insurance. A potential buyer may have young children at home and he/she has to protect his/her income. They may have bought a house and now have a 30 year mortgage for $500,000. Hence, they would need to purchase a level term life insurance policy for $500,000 30 year term to cover their mortgage. If something were to happen to the proposed insured between now and the next 30 years the insurance company would write a check for the full face amount of the term life insurance- policy for the survivor to pay off the mortgage and the balance would be paid to the designated beneficiary.
Term Life Insurance Conversion Option:
One nice thing about term life insurance is you can consider conversion options, such as a convertible option. A convertible term life insurance policy means that during a specified time you can convert all or part of the term insurance to a permanent life insurance product. If you chose3 this option you wouldn't have to prove evidence of insurability since you were already insured. For instance, if you take out a term life insurance policy your need for the amount of coverage may change down the road. You may still need some life insurance but can afford to lower the face amount of the policy, thereby lowering your premiums when you excercise a coversion option. The conversion option on a term life insurance policy simply gives you the option to convert over a certain amount to cover final expenses.
Term life insurance can be bought at an extremely low price and can be very attractive to young families. You can lock in a term rate at an early age while you are young and healthy and the rate is guaranteed for the full length of time on a guaranteed level term.
Some clients like to combine term life insurance with a permanent life insurance policy so during the earlier years of the policy they have more coverage. As they get older they may not need as much insurance as they originally applied for. For example, the children are grown and/or the house is paid off so the need for so much coverage is not there. The term insurance will expire but the client still has the permanent insurance that was put in force at the same time the term insurance was issued. Now the client still has the permanent life insurance to pay off final expense benefits down the road.
Why You Need Life Insurance:
1. You can protect your family’s home and eliminate your mortgage.
2. Standard of living can be maintained.
3. Give you spouse a retirement income.
4. Pay off outstanding debts you have incurred.
5. Save the family business.
Term Life Insurance Policies:
1. Term policies are a practical way to receive the most coverage for your dollar amount and can also meet a wide variety of personal and business needs.
2. Term insurance is available for a certain period of time (10,15,20,25,30 years) and wil benefit your beneficiary if anything happens to you during this time.
3. Many term life insurance policies allow you to convert your policy to a permanent policy within a specific time period.
Term Life Insurance Can Be An Asset:
Term life insurance is a policy that provides coverage to the insured over a certain length of time. This makes this policy an assset to your overall financial portfolio. One key advantage of level term life insurance is that the monthly premiums remain level for the life of the policy (whether it be 5, 10, 15, 20, 25, or 30 years).
However, you may opt for "yearly" renewable term life insurance which has a lower initial premium. With this option the premium rises each year. Be advised that yearly renewable term life insurance is only cost effective for a few years because of the increasing premiums. Before you invest in term life insurance you need to decide if you are looking for a solution that runs more than a few years. A level term life insurance policy can cost less depending upon the number of years you'll require coverage.
Reasons For Buying Term Life Insurance:
Term life insurance cost less than permanent insurance. A potential buyer may have young children at home and he/she has to protect his/her income. They may have bought a house and now have a 30 year mortgage for $500,000. Hence, they would need to purchase a level term life insurance policy for $500,000 30 year term to cover their mortgage. If something were to happen to the proposed insured between now and the next 30 years the insurance company would write a check for the full face amount of the term life insurance- policy for the survivor to pay off the mortgage and the balance would be paid to the designated beneficiary.
Term Life Insurance Conversion Option:
One nice thing about term life insurance is you can consider conversion options, such as a convertible option. A convertible term life insurance policy means that during a specified time you can convert all or part of the term insurance to a permanent life insurance product. If you chose3 this option you wouldn't have to prove evidence of insurability since you were already insured. For instance, if you take out a term life insurance policy your need for the amount of coverage may change down the road. You may still need some life insurance but can afford to lower the face amount of the policy, thereby lowering your premiums when you excercise a coversion option. The conversion option on a term life insurance policy simply gives you the option to convert over a certain amount to cover final expenses.
Term life insurance can be bought at an extremely low price and can be very attractive to young families. You can lock in a term rate at an early age while you are young and healthy and the rate is guaranteed for the full length of time on a guaranteed level term.
Some clients like to combine term life insurance with a permanent life insurance policy so during the earlier years of the policy they have more coverage. As they get older they may not need as much insurance as they originally applied for. For example, the children are grown and/or the house is paid off so the need for so much coverage is not there. The term insurance will expire but the client still has the permanent insurance that was put in force at the same time the term insurance was issued. Now the client still has the permanent life insurance to pay off final expense benefits down the road.
Why You Need Life Insurance:
1. You can protect your family’s home and eliminate your mortgage.
2. Standard of living can be maintained.
3. Give you spouse a retirement income.
4. Pay off outstanding debts you have incurred.
5. Save the family business.
Term Life Insurance Policies:
1. Term policies are a practical way to receive the most coverage for your dollar amount and can also meet a wide variety of personal and business needs.
2. Term insurance is available for a certain period of time (10,15,20,25,30 years) and wil benefit your beneficiary if anything happens to you during this time.
3. Many term life insurance policies allow you to convert your policy to a permanent policy within a specific time period.
What Do I Need To Know About Technical Analysis Of Equities?What Do I Need To Know About Technical Analysis Of Equities?
Predicting future moves in the stock market has become a science. This form of prediction has become known as technical analysis. Traders who take this approach to investing in the stock market usually hold stocks for a short time period and then sell their stocks once the predicted profit has been achieved.
The foundations to technical analysis can be found in the understanding that stock price movements are predictable. All the factors affecting the value of a stock are reflected in the stock market with the greatest efficiency that can be found in any type of market. Movements in the stock value follow predictable historical trends, coupled with the efficiency of the market make it possible to predict the direction the stock is going to go.
Technical analysis is a very short term method of investing because the potential long term growth of a company is not taken into account through this method. Trades are timed to exactly reflect the upward and downward trends in the market so nothing is left to chance. Because buying and selling go through at specific times, losses can be minimized if the market does not move in the predicted manner.
Many methods of predicting the movement of the market have been developed for use in technical analysis. These methods for the most part are based on the 'support' and 'resistance' concept. How this works is that, support is the level by which a downward price is predicted to increase by and resistance is the level by which an upward price is expected reach before coming down again. To put this in clearer terms prices tend to fluctuate between a support and resistance levels.
Market movements are predicted for a large part through the use of charts (mostly bar charts). The horizontal axis represent time be it a minute, hour, day or week, while the vertical axis represents the price of the stock. By looking at the chart a trend for the stock value can be traced.
A trained analyst studies the chart and can see certain patterns in the chart that they can then use to predict for future movements in the price of stocks. As is the case with most things there is no one single pattern that fits all. There are hundreds of different types of movements, indicators and patterns that can be used. By combining a number of different indicators technical analysis can make it possible for an investor to become very successful on the stock market.
The foundations to technical analysis can be found in the understanding that stock price movements are predictable. All the factors affecting the value of a stock are reflected in the stock market with the greatest efficiency that can be found in any type of market. Movements in the stock value follow predictable historical trends, coupled with the efficiency of the market make it possible to predict the direction the stock is going to go.
Technical analysis is a very short term method of investing because the potential long term growth of a company is not taken into account through this method. Trades are timed to exactly reflect the upward and downward trends in the market so nothing is left to chance. Because buying and selling go through at specific times, losses can be minimized if the market does not move in the predicted manner.
Many methods of predicting the movement of the market have been developed for use in technical analysis. These methods for the most part are based on the 'support' and 'resistance' concept. How this works is that, support is the level by which a downward price is predicted to increase by and resistance is the level by which an upward price is expected reach before coming down again. To put this in clearer terms prices tend to fluctuate between a support and resistance levels.
Market movements are predicted for a large part through the use of charts (mostly bar charts). The horizontal axis represent time be it a minute, hour, day or week, while the vertical axis represents the price of the stock. By looking at the chart a trend for the stock value can be traced.
A trained analyst studies the chart and can see certain patterns in the chart that they can then use to predict for future movements in the price of stocks. As is the case with most things there is no one single pattern that fits all. There are hundreds of different types of movements, indicators and patterns that can be used. By combining a number of different indicators technical analysis can make it possible for an investor to become very successful on the stock market.
The Value Investing Approach - What Is Value Investing All About?
One investment strategy is value investing. Individuals who adopt this style of investment are called value investors. Value investors usually purchase companies whose share price could be underappreciated for some reason.
Value investors search the marker for the undervalued companies. The reason a company is thought to be undervalued is because value investors believe that the stock market overreacts to good and bad news announced by companies in the company's monthly, quarterly or annual reports. This means that in the short run share prices fluctuations have more volatility than that of the average long run price of the shares in a company. The short term swings in the price of shares leaves value investors with a good opportunity to make a quick buck.
The majority of value investors seek out stocks with lower prices than the average price to book. However the value of stocks is no longer as easy to estimate as it once was. The book value of certain goods is well defined however since the advent of fast paced technological advancement and the constant changing of technological products the value of most goods is no longer so easy to predict.
The potential in value investing was first recognised by Benjamin Graham who was a lecturer from Columbia University. What Graham propagated was a cautionary approach to investing. What this means is, purchasing stocks that are relatively safe in that they don't fluctuate greatly from their book value. This protects value investors from any potential stock market shocks in the future be they good or bad.
Value investing is the a good relatively safe way for an experienced investor to make safe earnings on the stock market while minimizing risk. The fluctuations of the stock market are avoided as opposed to day traders who like the ride the waves of the stock market. Day trading is a very risky form of investment and not for the faint hearted investors.
The stock market has just as many losers as winners. For every stock sold on the market by a seller there is a buyer out there who is purchasing it. Only one of you, either the buyer or seller can be right. One of you is making a profit the other one is making a loss.
In summary - in order to be a good value investor you must have a deep understanding of the how the market works and a keen eye for how efficient the market is at any given point of time.
Value investors search the marker for the undervalued companies. The reason a company is thought to be undervalued is because value investors believe that the stock market overreacts to good and bad news announced by companies in the company's monthly, quarterly or annual reports. This means that in the short run share prices fluctuations have more volatility than that of the average long run price of the shares in a company. The short term swings in the price of shares leaves value investors with a good opportunity to make a quick buck.
The majority of value investors seek out stocks with lower prices than the average price to book. However the value of stocks is no longer as easy to estimate as it once was. The book value of certain goods is well defined however since the advent of fast paced technological advancement and the constant changing of technological products the value of most goods is no longer so easy to predict.
The potential in value investing was first recognised by Benjamin Graham who was a lecturer from Columbia University. What Graham propagated was a cautionary approach to investing. What this means is, purchasing stocks that are relatively safe in that they don't fluctuate greatly from their book value. This protects value investors from any potential stock market shocks in the future be they good or bad.
Value investing is the a good relatively safe way for an experienced investor to make safe earnings on the stock market while minimizing risk. The fluctuations of the stock market are avoided as opposed to day traders who like the ride the waves of the stock market. Day trading is a very risky form of investment and not for the faint hearted investors.
The stock market has just as many losers as winners. For every stock sold on the market by a seller there is a buyer out there who is purchasing it. Only one of you, either the buyer or seller can be right. One of you is making a profit the other one is making a loss.
In summary - in order to be a good value investor you must have a deep understanding of the how the market works and a keen eye for how efficient the market is at any given point of time.
Put Power In Your Passive Income Strategy
When I start talking to people about building a passive income business by following the teachings of financial freedom guru Robert Kiyosaki, I immediately hear about people's plans for buying real estate.
Anyone who has read the book Rich Dad, Poor Dad thinks that Robert Kiyosaki is all about investing real estate and buying rental or commercial property in order to achieve the financial freedom of their dreams. So, they instantly start putting all their money into real estate.
Reality check: That's not book's message. I try to listen patiently (after all I also believe that real estate can be a great investment vehicle), but the reality is you need a solid plan to achieve financial freedom, not a one off strategy.
Authors Robert Allen, Robert Kiyosaki, David Bach, and many, many talk about building multiple streams of passive income, that means having more than one investment vehicle, and making sure all those vehicles deliver passive income.
For beginners: passive income is income that comes in day in day out without you having to work to get it. Put simply, you are not trading hours for dollars. A true passive income business is one that if you were to leave it alone for a period of time, such as a year, you could return and find it more profitable (or at least generating the same level of income) as before you left. Passive income investments are the true path to financial freedom.
So what is the principle that Rich Dad truly talks about. He calls it the Power Investing Principle.
1 - Start a part-time business for the cashflow & tax advantages.
2 - When the market is right invest in real estate. (Now is not the time.)
3 - Invest your excess cash from the real estate in paper assets.
Unfortunately, a lot of people jump into step 2, real estate, without a lot of background knowledge about how to make that investment a lucrative one.
Here's a clue, the property needs to generate passive income (that means it should be putting money into your pocket not taking money out). Capital gains (betting on an increase in value) should be a bonus not your sole reason for buying.
One of the first steps in building a solid passive income plan is to identify how you plan to generate passive income. The plan should include a number of sources including businesses, real estate and paper assets. The reason for this is to create a stable platform on which to build financial freedom you need all the elements.
Now, lets go back to the power investing formula and look at number 1: Build a business. Why do you want to build a business first? Simple: businesses provide the financial backing (cashflow) to support real estate investing. Makes sense right?
While there are only three steps in the power investing principle, you need to take the time to understand the systems behind each one. For example, master the business building system then move on to the system for residential real estate investing.
Taking it step by step will lead to prosperity and reduce your risks along the way.
Anyone who has read the book Rich Dad, Poor Dad thinks that Robert Kiyosaki is all about investing real estate and buying rental or commercial property in order to achieve the financial freedom of their dreams. So, they instantly start putting all their money into real estate.
Reality check: That's not book's message. I try to listen patiently (after all I also believe that real estate can be a great investment vehicle), but the reality is you need a solid plan to achieve financial freedom, not a one off strategy.
Authors Robert Allen, Robert Kiyosaki, David Bach, and many, many talk about building multiple streams of passive income, that means having more than one investment vehicle, and making sure all those vehicles deliver passive income.
For beginners: passive income is income that comes in day in day out without you having to work to get it. Put simply, you are not trading hours for dollars. A true passive income business is one that if you were to leave it alone for a period of time, such as a year, you could return and find it more profitable (or at least generating the same level of income) as before you left. Passive income investments are the true path to financial freedom.
So what is the principle that Rich Dad truly talks about. He calls it the Power Investing Principle.
1 - Start a part-time business for the cashflow & tax advantages.
2 - When the market is right invest in real estate. (Now is not the time.)
3 - Invest your excess cash from the real estate in paper assets.
Unfortunately, a lot of people jump into step 2, real estate, without a lot of background knowledge about how to make that investment a lucrative one.
Here's a clue, the property needs to generate passive income (that means it should be putting money into your pocket not taking money out). Capital gains (betting on an increase in value) should be a bonus not your sole reason for buying.
One of the first steps in building a solid passive income plan is to identify how you plan to generate passive income. The plan should include a number of sources including businesses, real estate and paper assets. The reason for this is to create a stable platform on which to build financial freedom you need all the elements.
Now, lets go back to the power investing formula and look at number 1: Build a business. Why do you want to build a business first? Simple: businesses provide the financial backing (cashflow) to support real estate investing. Makes sense right?
While there are only three steps in the power investing principle, you need to take the time to understand the systems behind each one. For example, master the business building system then move on to the system for residential real estate investing.
Taking it step by step will lead to prosperity and reduce your risks along the way.
Do You Know Why You're In Business
One of the first steps in planning an exit to the rat race is knowing why you want out.
Sounds simple right? Well consider this: it is, and it isn't. You could say that you want out because you are tired of working for someone else, you want more time with your family, no more worries about the bills and want to control your own destiny. Sounds good. I can buy into that.
But is it enough? Is it enough to get you up in early in the morning to do a little work before the day begins. Is it enough to take time away from family at night, or spend a few hours on the weekend to get one step closer to that goal. Is it enough to maintain your drive for the goal line when the going gets tough ... and believe me, the going is going to get tough.
When you are focussed on dramatically changing your life, there will be people around you who undermine your efforts. The amazing thing is that the people who could lead the charge to offer you support (and this group might include friends or family) could be the ones who tell you "... you can't do that, it'll never work, why are you working so hard ..."
If you have ever started a part time business or made a financial decision that goes against the norm, this will all sound familiar.
Just because they can't see your vision for the future, doesn't make them right.
It takes courage to make a big change in your life, but in the long run, it will be worth it. The time, energy, criticism and even ridicule will be worth it when you are spending your days on the beach, golf course, or driving around in your new Porsche Boxster.
If you are serious about exiting the rat race and building a better life for yourself and your family, knowing why you want to be rich is as important as how you are going to get out.
One of the first steps in most coaching programs, including Rich Dad Coaching, is defining, in detail, why we wanted to be rich, what it looks like and when we were going to get there. Time was also spent writing out what we don't want.
This is a critical first exercise so if you've never taken to time to write it out. Do it now. The exercise focused our minds so we had a reason to do work it would take to get out of the rat race. Financial gurus like Robert Kiyosaki know the cardinal truth ... you can't get somewhere if you don't know where you are going ... and you won't get there if you don't know why you are bothering.
The how is easy when you know why.
Why gives you drive, determination, and the perseverance you need to achieve success. Lets face it, when you start building a business that generates passive income, you will face critics and set backs. You need a strong why to pull yourself back up on your feet and keep going. And, its those people who have the strength to get on their feet and keep building when all the people around them are laughing or criticizing them who will find real success.
So how do you figure out your why ... chances are it is not the first thing you think of, but its a good place to start.
Start answering some very simple questions: why do I want to be rich, what will being rich look like (in colourful detail), how will my life be different, what will I be doing, where will I be doing it, what things will I be doing, what won't I be doing, when will I get there, what will it take to get there, what will I do if I fail at first, how will I ensure my success.
Don't do this fast. Take your time. Revisit the answers every day and rewrite them to reflect a deeper meaning.
Now ask yourself ... is it enough. Is it enough to keep you going when the going gets tough. If the answer is no, go back and review it again.
Remember, when you know the why, the how is possible.
Start today and define why you want to be rich.
Sounds simple right? Well consider this: it is, and it isn't. You could say that you want out because you are tired of working for someone else, you want more time with your family, no more worries about the bills and want to control your own destiny. Sounds good. I can buy into that.
But is it enough? Is it enough to get you up in early in the morning to do a little work before the day begins. Is it enough to take time away from family at night, or spend a few hours on the weekend to get one step closer to that goal. Is it enough to maintain your drive for the goal line when the going gets tough ... and believe me, the going is going to get tough.
When you are focussed on dramatically changing your life, there will be people around you who undermine your efforts. The amazing thing is that the people who could lead the charge to offer you support (and this group might include friends or family) could be the ones who tell you "... you can't do that, it'll never work, why are you working so hard ..."
If you have ever started a part time business or made a financial decision that goes against the norm, this will all sound familiar.
Just because they can't see your vision for the future, doesn't make them right.
It takes courage to make a big change in your life, but in the long run, it will be worth it. The time, energy, criticism and even ridicule will be worth it when you are spending your days on the beach, golf course, or driving around in your new Porsche Boxster.
If you are serious about exiting the rat race and building a better life for yourself and your family, knowing why you want to be rich is as important as how you are going to get out.
One of the first steps in most coaching programs, including Rich Dad Coaching, is defining, in detail, why we wanted to be rich, what it looks like and when we were going to get there. Time was also spent writing out what we don't want.
This is a critical first exercise so if you've never taken to time to write it out. Do it now. The exercise focused our minds so we had a reason to do work it would take to get out of the rat race. Financial gurus like Robert Kiyosaki know the cardinal truth ... you can't get somewhere if you don't know where you are going ... and you won't get there if you don't know why you are bothering.
The how is easy when you know why.
Why gives you drive, determination, and the perseverance you need to achieve success. Lets face it, when you start building a business that generates passive income, you will face critics and set backs. You need a strong why to pull yourself back up on your feet and keep going. And, its those people who have the strength to get on their feet and keep building when all the people around them are laughing or criticizing them who will find real success.
So how do you figure out your why ... chances are it is not the first thing you think of, but its a good place to start.
Start answering some very simple questions: why do I want to be rich, what will being rich look like (in colourful detail), how will my life be different, what will I be doing, where will I be doing it, what things will I be doing, what won't I be doing, when will I get there, what will it take to get there, what will I do if I fail at first, how will I ensure my success.
Don't do this fast. Take your time. Revisit the answers every day and rewrite them to reflect a deeper meaning.
Now ask yourself ... is it enough. Is it enough to keep you going when the going gets tough. If the answer is no, go back and review it again.
Remember, when you know the why, the how is possible.
Start today and define why you want to be rich.
Find The Residual Income Builder Best Suitable For You
If you are looking for a way to compliment your primary source of income, consider creating a stream of residual income. Residual income builders are everywhere these days, thanks to the world wide web--it's just a matter of finding the type of secondary income that's best for you--one that you can afford (both time wise and financially speaking) to get started up.
There really is no saying which type of residual income builder is best for a certain type of person. There really is no way of saying what type of income streams would be best suitable for you--the best thing you could do to best find out what is the most suitable for you is to try something.
If you do your research online, you will see that there are a variety of ways out there to generate a complimentary source of income. Residual income is defined as income that comes after the primary effort to create the income has already occurred. Like purchasing something that brings you income afterwards, rental property for instance. People who write songs or novels or screen plays and sell the rights to them and collect dividends or royalties afterwards--these are all residual income builders.
Another popular residual income builder, although there are usually some licensing requirements in place, is selling insurance policies. Selling insurance is considered to be a form of residual income because the seller of the policy (insurance agent) is paid commissions every time the policy holder renews their insurance policy. The initial sale of the policy incurred renewal payments that come in at set intervals at the same time every year. This is why it is considered residual income, because payments are made long after the initial sale of the policy has actually occurred.
There are also a variety of income builders that are more directly related to the internet. Google Adwords for instance, or other pay per click programs. Many people have used Search Engine Optimization, or SEO, to generate traffic to their websites and not only do they obtain more business, but they obtain business, or "clicks" on advertisements hosted on their sites, generating income from that. It's not really a difficult business, but it is a matter of finding the topics and subjects that interest the people, and arranging your site in such a way that it attracts hits from search engines--thereby leading people to your site and leading to more and more paid clicks on your advertisements.
Another type of residual income, although it is one of the more passive forms, is the money that is earned from making investments. Stocks and bonds are one of the most popular and profitable residual income builders, although it is another one of those things that aren't for everyone. It takes a different kind of knowledge than other residual income builders that not everybody possesses, but it is definitely a reliable source of income, that fluctuates up and down.
There really is no saying which type of residual income builder is best for a certain type of person. There really is no way of saying what type of income streams would be best suitable for you--the best thing you could do to best find out what is the most suitable for you is to try something.
If you do your research online, you will see that there are a variety of ways out there to generate a complimentary source of income. Residual income is defined as income that comes after the primary effort to create the income has already occurred. Like purchasing something that brings you income afterwards, rental property for instance. People who write songs or novels or screen plays and sell the rights to them and collect dividends or royalties afterwards--these are all residual income builders.
Another popular residual income builder, although there are usually some licensing requirements in place, is selling insurance policies. Selling insurance is considered to be a form of residual income because the seller of the policy (insurance agent) is paid commissions every time the policy holder renews their insurance policy. The initial sale of the policy incurred renewal payments that come in at set intervals at the same time every year. This is why it is considered residual income, because payments are made long after the initial sale of the policy has actually occurred.
There are also a variety of income builders that are more directly related to the internet. Google Adwords for instance, or other pay per click programs. Many people have used Search Engine Optimization, or SEO, to generate traffic to their websites and not only do they obtain more business, but they obtain business, or "clicks" on advertisements hosted on their sites, generating income from that. It's not really a difficult business, but it is a matter of finding the topics and subjects that interest the people, and arranging your site in such a way that it attracts hits from search engines--thereby leading people to your site and leading to more and more paid clicks on your advertisements.
Another type of residual income, although it is one of the more passive forms, is the money that is earned from making investments. Stocks and bonds are one of the most popular and profitable residual income builders, although it is another one of those things that aren't for everyone. It takes a different kind of knowledge than other residual income builders that not everybody possesses, but it is definitely a reliable source of income, that fluctuates up and down.
Getting a Grip on Life Insurance Terminology
They say taxes and death are the only absolute things in life. Whether this is true or not, you can prepare for both. While tax planning is an interesting subject, we are going to look at life insurance in this article.
A classic sketch of a conversation with a life insurance agent would show the person trying to buy a policy with their eyes glazed over. Why? The terminology being used is confusing. Well, let’s change that by discussing some or the common terms used.
References to Adjustable Premiums should be examined closely in any policy. This allows the insurance company to change the premiums on a block of policies during the term of the contract.
The Amount At Risk on a policy is something insurers pay close attention to. It is the difference between the face amount of a Whole Life Insurance policy and the cash value. The amount at risk is the difference, to wit, the figure the insurer will have to pay out.
The Cash Surrender Value of a policy is often misunderstood. It refers to the amount due a person who terminates a policy holding a vested cash reserve in it. There is often an arbitrary charge deducted by the insurer as well.
The Commutation Rights associated with an insurance policy apply to the beneficiary of the policy. Depending on the policy, the beneficiary may elect to convert installment payments to a lump sum payment.
Many modern insurance policies contain a Contestable Clause. This gives the insurance company up to 2 years to void the policy if they find evidence that would have resulted in the rejection of the policy application when originally made.
The Right of Conversion refers to an individual’s right to convert a policy held as part of a group into an individual policy if the person ceases to be part of the group.
The insurance phrase Double Benefit or Double Indemnity refers to a policy that pays out double the stated benefit if the person whose life it is based on passes away in a particular way, such as a car crash.
For many people, building up cash value in an insurance policy is a smart move. A Dividend Accumulation clause allows you to do just this, to wit, reinvest an dividend paid by the insurer back into the policy.
The Whole Life Insurance Policy is one of the staples of the life insurance industry. The policy provides a death benefit, but also accumulates cash within as premiums are paid in over time. There are many different ways to pay the premiums, so make sure to ask.
The Variable Universal Life Insurance Policy is a more recent and popular product. Premiums and benefits are adjustable. Money is accumulated in the policy and can be invested. The flexibility makes the policy attractive.
The important thing to understand about life insurance is that polices differ greatly. This means you must understand exactly how a policy being pitched to you works. If terms are used that you don’t understand, ask for clarification!
A classic sketch of a conversation with a life insurance agent would show the person trying to buy a policy with their eyes glazed over. Why? The terminology being used is confusing. Well, let’s change that by discussing some or the common terms used.
References to Adjustable Premiums should be examined closely in any policy. This allows the insurance company to change the premiums on a block of policies during the term of the contract.
The Amount At Risk on a policy is something insurers pay close attention to. It is the difference between the face amount of a Whole Life Insurance policy and the cash value. The amount at risk is the difference, to wit, the figure the insurer will have to pay out.
The Cash Surrender Value of a policy is often misunderstood. It refers to the amount due a person who terminates a policy holding a vested cash reserve in it. There is often an arbitrary charge deducted by the insurer as well.
The Commutation Rights associated with an insurance policy apply to the beneficiary of the policy. Depending on the policy, the beneficiary may elect to convert installment payments to a lump sum payment.
Many modern insurance policies contain a Contestable Clause. This gives the insurance company up to 2 years to void the policy if they find evidence that would have resulted in the rejection of the policy application when originally made.
The Right of Conversion refers to an individual’s right to convert a policy held as part of a group into an individual policy if the person ceases to be part of the group.
The insurance phrase Double Benefit or Double Indemnity refers to a policy that pays out double the stated benefit if the person whose life it is based on passes away in a particular way, such as a car crash.
For many people, building up cash value in an insurance policy is a smart move. A Dividend Accumulation clause allows you to do just this, to wit, reinvest an dividend paid by the insurer back into the policy.
The Whole Life Insurance Policy is one of the staples of the life insurance industry. The policy provides a death benefit, but also accumulates cash within as premiums are paid in over time. There are many different ways to pay the premiums, so make sure to ask.
The Variable Universal Life Insurance Policy is a more recent and popular product. Premiums and benefits are adjustable. Money is accumulated in the policy and can be invested. The flexibility makes the policy attractive.
The important thing to understand about life insurance is that polices differ greatly. This means you must understand exactly how a policy being pitched to you works. If terms are used that you don’t understand, ask for clarification!
Understanding Your Life Insurance Agent
If you have a spouse or children, you need life insurance. You have heard it before, but it bears repeating. How would they be able to handle things if some drunk driver ran into you tomorrow and you died?
Life insurance is a fairly simple concept, but it can appear complex to the average person. The complexity comes from the terms used. If you can understand the language, you can make a better determination of what you need. So, let’s talk terms!
An Adjustable Life Insurance Policy is a popular product. As the name suggests, one can adjust the premiums, term, death benefit and time when premiums are paid. Such flexibility lets you coordinate the policy to your current needs as they change.
The Amount At Risk on a policy is something insurers pay close attention to. It is the difference between the face amount of a Whole Life Insurance policy and the cash value. The amount at risk is the difference, to wit, the figure the insurer will have to pay out.
The Cash Surrender Value of a policy is often misunderstood. It refers to the amount due a person who terminates a policy holding a vested cash reserve in it. There is often an arbitrary charge deducted by the insurer as well.
A Cash Refund Annuity is one with a catch up element. If you pass away and the total annuity payments are less than what you have paid in total premiums, the difference is paid to the beneficiary you have designated.
Many modern insurance policies contain a Contestable Clause. This gives the insurance company up to 2 years to void the policy if they find evidence that would have resulted in the rejection of the policy application when originally made.
The Right of Conversion refers to an individual’s right to convert a policy held as part of a group into an individual policy if the person ceases to be part of the group.
A Decreasing Term Policy is a creative product. As time passes, the death benefit decreases until it zeros out. This is often used to match the repayment of a large debt such as a mortgage. As the mortgage is paid off, there is less need for an insurance policy.
Dependent Coverage refers to the people covered by a policy. More often found in health insurance policies, the general rule is the married spouse and unmarried children are covered.
The Whole Life Insurance Policy is one of the staples of the life insurance industry. The policy provides a death benefit, but also accumulates cash within as premiums are paid in over time. There are many different ways to pay the premiums, so make sure to ask.
A Variable Life Insurance Policy is used both as a financial safety net and investment vehicle. The policy builds up cash value that can be invested. Depending on the policy, the premiums and death benefit will change as the cash value grows.
The important thing to understand about life insurance is that polices differ greatly. This means you must understand exactly how a policy being pitched to you works. If terms are used that you don’t understand, ask for clarification!
Life insurance is a fairly simple concept, but it can appear complex to the average person. The complexity comes from the terms used. If you can understand the language, you can make a better determination of what you need. So, let’s talk terms!
An Adjustable Life Insurance Policy is a popular product. As the name suggests, one can adjust the premiums, term, death benefit and time when premiums are paid. Such flexibility lets you coordinate the policy to your current needs as they change.
The Amount At Risk on a policy is something insurers pay close attention to. It is the difference between the face amount of a Whole Life Insurance policy and the cash value. The amount at risk is the difference, to wit, the figure the insurer will have to pay out.
The Cash Surrender Value of a policy is often misunderstood. It refers to the amount due a person who terminates a policy holding a vested cash reserve in it. There is often an arbitrary charge deducted by the insurer as well.
A Cash Refund Annuity is one with a catch up element. If you pass away and the total annuity payments are less than what you have paid in total premiums, the difference is paid to the beneficiary you have designated.
Many modern insurance policies contain a Contestable Clause. This gives the insurance company up to 2 years to void the policy if they find evidence that would have resulted in the rejection of the policy application when originally made.
The Right of Conversion refers to an individual’s right to convert a policy held as part of a group into an individual policy if the person ceases to be part of the group.
A Decreasing Term Policy is a creative product. As time passes, the death benefit decreases until it zeros out. This is often used to match the repayment of a large debt such as a mortgage. As the mortgage is paid off, there is less need for an insurance policy.
Dependent Coverage refers to the people covered by a policy. More often found in health insurance policies, the general rule is the married spouse and unmarried children are covered.
The Whole Life Insurance Policy is one of the staples of the life insurance industry. The policy provides a death benefit, but also accumulates cash within as premiums are paid in over time. There are many different ways to pay the premiums, so make sure to ask.
A Variable Life Insurance Policy is used both as a financial safety net and investment vehicle. The policy builds up cash value that can be invested. Depending on the policy, the premiums and death benefit will change as the cash value grows.
The important thing to understand about life insurance is that polices differ greatly. This means you must understand exactly how a policy being pitched to you works. If terms are used that you don’t understand, ask for clarification!
Free Business Grants Ready To Finance Your Entrepreneurship!
Free business grants are readily available. Every year the federal government gives away around more than $500 billion dollars in free business grants. These federal grants range from $5000 to $500,000 and because they are grants, you small business never has to pay the money back. Now that's great news! With so many different small business grants to choose from you shouldn't have much trouble finding the right one for your business.
With the number of free business grants, out there it would take you forever to go through all of them, which is why you need to spend some time thinking about what it you want to do with your federal small business grant, and what type of money you are hoping to get. Once you have that figured out, you can start doing some research and start looking for free business grants that would be right for your business. A good place to start is at the government grants website where you can find all the free business grants currently being offered.
You can also sign up to get an automated update any time a new grant becomes available that meets the criteria you have set. And there is an automated application process too. Of course, you still must have your business proposal completed. Don't bother filling out the application and sending it in without your proposal because your application will be immediately denied. When you start looking for free business grants you could be surprised at just how many there are.
While you are at it drop by the CFDA site fro some excellent assistance. You'll find all the free business grants right here and they are even broken down by topic, category, and more. You can search by keyword, which will shorten your research time considerable. There are actually no free business grants on this site. It simply links you to the appropriate sites. The searches on this site are really beneficial to locate small business grants.
There are all kinds of terrific sites on the internet that will help you find those free business grants and provide you with the requirements of each grant, and some sites will even help you fill out the form, while others will offer affordable services to help put your proposal together. Government grant for small business opportunities are plentiful but it will take some time to sort through all the sites and make sure you are dealing with not only a reputable site but also a legitimate site.
Almost all of the free business grants require an application and a proposal be attached. The proposal should outline the goals of the business, and revenue potential. It should also explain hour your business plans to grow and expand if the application for small business grants is denied. The more thought out and realistic your proposal the more likely that you have a chance at receiving one of the free business grants.
Remember not all of the free business grants are available year round, so you need to pay attention and make sure you know when the deadlines are to have your small business grants submitted for the programs you are interested in. Free business grants are a great way for you to be able to expand your business with little cash outlay by you.
With the number of free business grants, out there it would take you forever to go through all of them, which is why you need to spend some time thinking about what it you want to do with your federal small business grant, and what type of money you are hoping to get. Once you have that figured out, you can start doing some research and start looking for free business grants that would be right for your business. A good place to start is at the government grants website where you can find all the free business grants currently being offered.
You can also sign up to get an automated update any time a new grant becomes available that meets the criteria you have set. And there is an automated application process too. Of course, you still must have your business proposal completed. Don't bother filling out the application and sending it in without your proposal because your application will be immediately denied. When you start looking for free business grants you could be surprised at just how many there are.
While you are at it drop by the CFDA site fro some excellent assistance. You'll find all the free business grants right here and they are even broken down by topic, category, and more. You can search by keyword, which will shorten your research time considerable. There are actually no free business grants on this site. It simply links you to the appropriate sites. The searches on this site are really beneficial to locate small business grants.
There are all kinds of terrific sites on the internet that will help you find those free business grants and provide you with the requirements of each grant, and some sites will even help you fill out the form, while others will offer affordable services to help put your proposal together. Government grant for small business opportunities are plentiful but it will take some time to sort through all the sites and make sure you are dealing with not only a reputable site but also a legitimate site.
Almost all of the free business grants require an application and a proposal be attached. The proposal should outline the goals of the business, and revenue potential. It should also explain hour your business plans to grow and expand if the application for small business grants is denied. The more thought out and realistic your proposal the more likely that you have a chance at receiving one of the free business grants.
Remember not all of the free business grants are available year round, so you need to pay attention and make sure you know when the deadlines are to have your small business grants submitted for the programs you are interested in. Free business grants are a great way for you to be able to expand your business with little cash outlay by you.
Free Business Grants - Do You Qualify?
Free business grants are readily available. Every year the federal government gives away around more than $500 billion dollars in free business grants. These federal grants range from $5000 to $500,000 and because they are grants, you small business never has to pay the money back. Now that's great news! With so many different small business grants to choose from you shouldn't have much trouble finding the right one for your business.
Because there are so many free business grants out there, you'll need to start thinking about what it is you want out of your grant and what type of money you are hoping to score. Next it's time to do some research and start to look for small business grants that might fit your criteria. If you search over at the government grants website you will have no problem finding free business grants all in one place.
You can also sign up to get an automated update any time a new grant becomes available that meets the criteria you have set. And there is an automated application process too. Of course, you still must have your business proposal completed. Don't bother filling out the application and sending it in without your proposal because your application will be immediately denied. When you start looking for free business grants you could be surprised at just how many there are.
You should also stop by the Catalogue of Federal Domestic Assistance site. This is a site with many excellent tools and also an in-depth coverage of each of the grants - what they entail, the requirements, and so much more. You can search by keyword, grant type, topic, category, and a host of other searches. It's a handy tool to help locate the right grant for your particular business.
There are plenty of excellent sites available on the web that can help you locate free business grants. Some provide you details on each grant, and some even help you fill out the application. While others have for hire services, such as building your proposal that must be forwarded with the small business grants application. Although free business grants are plentiful, it's going to take some time to sort through all of the free government grants for small business. If you decide to pay for help, just make sure it is legitimate.
Most free business grants require you to provide a written grant proposal that will detail what your goals are, how you plan to achieve them, and what role your small business grant money would play in the procedure. The more time you invest in a well thought out detailed proposal the better your chances are that you will receive free business grants. There may also be more than one of the small business grant that apply to your business. You can apply for all of the ones that are applicable. Just remember that the more information you supply the more likely that the free business grants will make their way to you.
Not all of the free business grants are available all year round so make sure you know when the cut off for applications is for any of the small business loans and grants you might be interested in. Free business grants are an excellent way to help you expand your business without having to worry about large loan payments. Don't delay. Why not get started right away?
Because there are so many free business grants out there, you'll need to start thinking about what it is you want out of your grant and what type of money you are hoping to score. Next it's time to do some research and start to look for small business grants that might fit your criteria. If you search over at the government grants website you will have no problem finding free business grants all in one place.
You can also sign up to get an automated update any time a new grant becomes available that meets the criteria you have set. And there is an automated application process too. Of course, you still must have your business proposal completed. Don't bother filling out the application and sending it in without your proposal because your application will be immediately denied. When you start looking for free business grants you could be surprised at just how many there are.
You should also stop by the Catalogue of Federal Domestic Assistance site. This is a site with many excellent tools and also an in-depth coverage of each of the grants - what they entail, the requirements, and so much more. You can search by keyword, grant type, topic, category, and a host of other searches. It's a handy tool to help locate the right grant for your particular business.
There are plenty of excellent sites available on the web that can help you locate free business grants. Some provide you details on each grant, and some even help you fill out the application. While others have for hire services, such as building your proposal that must be forwarded with the small business grants application. Although free business grants are plentiful, it's going to take some time to sort through all of the free government grants for small business. If you decide to pay for help, just make sure it is legitimate.
Most free business grants require you to provide a written grant proposal that will detail what your goals are, how you plan to achieve them, and what role your small business grant money would play in the procedure. The more time you invest in a well thought out detailed proposal the better your chances are that you will receive free business grants. There may also be more than one of the small business grant that apply to your business. You can apply for all of the ones that are applicable. Just remember that the more information you supply the more likely that the free business grants will make their way to you.
Not all of the free business grants are available all year round so make sure you know when the cut off for applications is for any of the small business loans and grants you might be interested in. Free business grants are an excellent way to help you expand your business without having to worry about large loan payments. Don't delay. Why not get started right away?
Simple Financial Planning to Achieve Financial Independence
Through proper financial planning, financial independence can be achieved. We discuss simple financial principles within this site on how this can be achieved. You just have to implement on the simple financial principles, that is, action needs to be taken.
Can financial planning be that important or necessary? For the average individual, it seems like a nightmare. The reality, however, need not be so bad. The process is actually quite a low stress business. In a nutshell, financial planning can be just a 6-step process one needs to go through if you want to achieve your financial goals.
At the core of the process is the prioritisation of meaningful personal and reasonable financial goals. It is, therefore, by definition a multi-faceted activity that requires trade-offs among competing goals and objectives. The process serves to make your current financial situation as clear as possible. Financial planning is the key to making it work.
It is really a very important aspect of one's financial future. It is not only a process but more so, it is about attitude as well. Cultivating the right habits to achieve this is important.
This process focuses on getting the most out of our money to achieve various objectives. It is about developing a personal route to your financial independence.
Yes, you can certainly achieve your financial goals with proper planning. It definitely can be done, and it does not have to be a dream.
Can financial planning be that important or necessary? For the average individual, it seems like a nightmare. The reality, however, need not be so bad. The process is actually quite a low stress business. In a nutshell, financial planning can be just a 6-step process one needs to go through if you want to achieve your financial goals.
At the core of the process is the prioritisation of meaningful personal and reasonable financial goals. It is, therefore, by definition a multi-faceted activity that requires trade-offs among competing goals and objectives. The process serves to make your current financial situation as clear as possible. Financial planning is the key to making it work.
It is really a very important aspect of one's financial future. It is not only a process but more so, it is about attitude as well. Cultivating the right habits to achieve this is important.
This process focuses on getting the most out of our money to achieve various objectives. It is about developing a personal route to your financial independence.
Yes, you can certainly achieve your financial goals with proper planning. It definitely can be done, and it does not have to be a dream.
Retirement and Financial Planning
Want to retire? This term conjures up images of a leisurely lifestyle, with perhaps walks by the beach or in the park. Retirement and financial planning usually occur together. For the simple reason, one simply does not occur without the other.
Various studies have shown that 95% of the population will not have enough funds in their accounts to qualify as what is considered financially independent by the time they reach age 65. A good proportion of these 95% will still be broke when they are supposed to be able to enjoy their life, and will have to find various means to sustain their daily livelihood. It is a sad situation, but it is a fact.
There are good resources and tools available (and many of them are available online) that aim to help you determine your retirement needs. We and reviewed some of these resources and tools and those that we feel may be useful to our readers, we will point them out to you. A caveat on the use of these tools though. Using such tools to simply calculate how much you need for retirement will not do anything for you at all - if you do not implement your financial plan.
Planning should start as young as possible. This will allow your money and funds to grow through your investments - you should have an investment portfolio that will grow large enough to fund your needs.
What if you do not start young? The results can be quite damaging. Starting late will have the time factor work against you. Why do we say that? The reason is that the compounding effect of time can make a huge difference to the size of your portfolio. Warren Buffet, said to have started very young in investing, will likely be a very good testimony to this fact.
In fact, the compounding effect of time has been described as the eighth wonder of the world! The results and impact on the size of your portfolio can be very dramatic! So do start planning as early as possible. Get your personal financial plan in place. If you have been procrastinating, start now - now is always better than later, and later is better than never.
Carpe diem (seize the day!). Just do it.
Various studies have shown that 95% of the population will not have enough funds in their accounts to qualify as what is considered financially independent by the time they reach age 65. A good proportion of these 95% will still be broke when they are supposed to be able to enjoy their life, and will have to find various means to sustain their daily livelihood. It is a sad situation, but it is a fact.
There are good resources and tools available (and many of them are available online) that aim to help you determine your retirement needs. We and reviewed some of these resources and tools and those that we feel may be useful to our readers, we will point them out to you. A caveat on the use of these tools though. Using such tools to simply calculate how much you need for retirement will not do anything for you at all - if you do not implement your financial plan.
Planning should start as young as possible. This will allow your money and funds to grow through your investments - you should have an investment portfolio that will grow large enough to fund your needs.
What if you do not start young? The results can be quite damaging. Starting late will have the time factor work against you. Why do we say that? The reason is that the compounding effect of time can make a huge difference to the size of your portfolio. Warren Buffet, said to have started very young in investing, will likely be a very good testimony to this fact.
In fact, the compounding effect of time has been described as the eighth wonder of the world! The results and impact on the size of your portfolio can be very dramatic! So do start planning as early as possible. Get your personal financial plan in place. If you have been procrastinating, start now - now is always better than later, and later is better than never.
Carpe diem (seize the day!). Just do it.