Finance Articles

Create Wealth - Shift How You Think About the World

Wealth is not always something that you are born into. In fact, there are many ways to find what you need in this world. The Law of Attraction is an important piece of obtaining everything you want in this world. After all, if you make yourself the very best person possible, people will flock towards you. If you can shift how you think about yourself and the world, you will be able to obtain happiness of both a physical and mental sort. The following includes some tips for how to go about using the Law of Attraction to get what you want out of life. First, you need to really access your life and how you approach it. If you think something is truly possible, then it will be.

Savers Are Losers

One of the key lessons we learn in life is that it is important to save. There is a big difference though, between what we learn and what we do and many people find saving difficult. Those people who feel guilty about not saving will be interested in a concept being promoted by Robert Kiyosaki, author of Rich Dad, Poor Dad, who suggests that savers are losers. Before all non-savers get too comfortable with that proposition, his point is not that everyone should spend rather than save. Saving implies putting money away on a regular basis into a bank account where it will earn interest and slowly increase in value with compound interest. There are three reasons why you could argue that people who save are losers.

Why Do the Greatest Risk Takers Amass the Most Wealth?

Many wealthy people often credit their fortune to taking risks that paid off handsomely. They also testify that their risky ideas required courage to follow through, which makes their rewards even better. There are a few factors that contribute to the success of risk takers. First, risk takers are practical thinkers. They do not have their heads in the clouds, and they do not implement any idea that pops into their minds because they know which means of creating wealth will work best for them. The common misconception is that they take risks blindly, when in fact they thoroughly test their ideas before implementing them. They look for practical opportunities, wait for a favorable time to make the most of the opportunities, and then assess their chances at making gains for themselves.

How to Get Rich With Residual Income

If you are looking for a way to be better financially, residual income is the way to get there without a doubt. How many times have you wished that money really did grow on trees? The funny thing is that you can make a money tree of your own and the way to get there is with residual income. What is residual income? Residual or passive income is any money making system that generates consistent revenues on a regular basis without any work except for the initial set up. Why is this type of income the best way to become truly wealthy? You are not limited by how many hours you can work to earn money like in your job. Everyday your passive revenue streams make cash for you, and the potential upside is unlimited.

Your Financial Diet is Critical

If you are one of those whose fortunes took a dive at the end of 2008, you're not alone. With the market down almost 40 percent at the end of 2008 and recently up more than 20 percent, it's no wonder the average person's head is spinning. People are scared, angry and confused about what they should do next. It's time to take action! Think about financial planning like a diet plan and you'll see that it's like anything else you do in life: it all begins with a plan. So here are some quick and easy financial "dieting" tips that have your financial fitness in mind, and will help you find the "fun in finance." 1. Get on the scale. Yes, I know it's painful.

Scripophily - The Collection of Antique Stocks and Bonds

Scripophily is a lesser-known cousin of coin collecting that has been enjoying skyrocketing popularity among collectors in recent years. Enthusiasts seek for and collect antique stocks and bonds for a variety of different reasons: here is a brief overview of this fascinating hobby. The word "Scripophily" is a combination of English and Greek: "Scrip" is an English word for an ownership right, and "philos" is from the Greek word for love. Scripophilists, therefore, are lovers of ownership documents, i.e. stocks and bonds. The practice of Scripophily itself is a young one: it is a hobby that is only about 20 years old, and so those who get into it now are at a distinct advantage since prices on antique stocks are still relatively low.

Getting Rich Quick - You're Already Wealthy

"Get rich quick": how many times have we heard this cliche? Too many. Just posing the question is a cliche in its own right. We live in a society of instant gratification and economic decay. Getting rich quick has become the mantra of many, many people. You hear it, see it, feel it and sense it everywhere. It's all about money all the time. But, as bad as we all want to be relieved of our rising burdens of debt, and to live that omnipresent but elusive life of leisure, maybe there's no better time than right now to realize just how rich you already are. Believe me folks, I am writing this for myself at least as much as for you. I need to hear this and be reminded of it on a daily basis.

Build Wealth Quickly - 3 Simple Asset Allocation, Wealth-Building Strategies

Who doesn't dream of marching into their boss' office one day and resigning without caring about the financial repercussions? Well, you can only do so if you have acquired sufficient assets (wealth) through which you can generate a future income to replace your current earned income. By the way, as a rule of thumb I don't recommend you hand in your resignation unless you have at least 1 and ideally 2 years living expenses put away in liquid assets. Simply put, to become wealthy over time you basically need to make, save and invest money wisely. The smarter you are at doing this the faster you become wealthy. Assuming you've read my other articles on How to Get Rich (the making of and management of money) then you are ready to look at the 3 most common wealth building strategies of the super wealthy.

How I Made My First Million

I am pretty confidant that you where on edge of your seat when you read the above headline. Unfortunately the answer is not going to come quit that easy. If you really want to get to the root of the matter you have dig a little deeper. In fact let me start over by asking this question would you like to know how I made my first million or how you can make your first million? In a simple answer I can truthfully say hard work does indeed pay, but will hard work guarantee that you will make your million? Many people want to know the secret to this question. They want the magic bullet or the gold nugget that will allow them to reach this goal without having to put in the work.

Personal and Financial Success Secrets Needed to Turn Your Desires Into Gold

Another priceless lesson from my mentor of 10 years is the story of the magic formula of Andrew Carnegie that he used to achieve millions of dollars. Andrew Carnegie's secret was a magic formula that will help you achieve any goal provided your desire is strong enough. There are no limitations in your mind except those that you acknowledge and accept personally. The dominating dream in your life can become reality if you have the burning desire and definiteness of purpose, followed by planning a definite way to accomplish your goals and take persistent and consistent daily action. Six Steps to Turning the Desire for Riches Into The Real Financial Equivalent 1) Fix the exact amount of money that you desire.

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