Tuesday, January 27, 2009

Multiple Streams of Income

Throughout history we have seen economies go up and down. Even today we are experiencing a major downturn in the economies throughout the world. When the world's financial condition worsens, it has a negative impact for most of us on an individual basis also. The average wage earner and small business owner starts to feel the pinch with layoffs and lower buying power and sales.

So what should we do to help hedge against an unstable economy?

One excellent tool the Wealthy have used to shield themselves from the down swings in the economy is the powerful concept of developing Multiple Streams of Income. Individuals who have learned this valuable concept...realize that even if one part of the economy is soft, there are still other avenues available for generating income.

Whether through building multiple businesses, creating something that generates royalties, or through various investment vehicles such as real estate or stocks...many of the Wealthy have built multiple assets that bring in a steady stream of income. These forward thinking individuals have truly learned how to hedge against weak economic times...and prosper enormously during the good times.

As we examine this powerful concept of creating Multiple Streams of Income, we start to realize that perhaps generating our financial resources through one income stream may not be the best plan. Many try to overcome the problems associated with a down economy by working multiple jobs but perhaps there is a better way, and easier!)

Using the power of Multiple Income Streams to both overcome a weak economy and help provide more free time to pursue all of life's other desires.

Learning how to generate income through the development of multiple assets is the best way to overcome a weak financial situation...and insure yourself a steady stream of income without the exhaustion associated with trying to work multiple jobs.

Even the highest paid professionals such as doctors and lawyers are limited in just how much income they can generate...and they are just as susceptible to a financial downturn as everyone else when there is a weak economy. The simple truth is that we can all only work so many hours in a day or week regardless of how much money we may make an hour.

On top of the added financial security it brings...having Multiple Streams of Income also allows us more free time once the income streams have been created. Once we have created multiple assets capable of generating the income we need to cover all our normal expenses to live on...we can then work on either building more assets and/or pursuing those other hobbies and passions that are important to us.

As with anything good, there is usually a price to pay...but if we do it right, we can make the whole multiple asset building process rather fun!

With all that has already been said...it's also very important to realize that some initial extra time will need to be devoted to creating these new income producing assets before we can begin to enjoy the fruits of our labors and creativity. Building a business, writing a book, finding the right investment property, or coming up with the next great invention can all take time to do. (with little or no financial returns generated during the creation process) The simple truth is that if you try to build assets that fit your own interests best...you will find the whole asset building process actually fun!

To truly enjoy the process of developing Multiple Income Streams...it's very important that we truly discover what activities interest us the most, so we can use our interest and strengths to build those powerful assets without it really feeling like work. While there will always be some aspects of the asset building process that are not as fun as others...engaging in positive actions that are related to our goal of creating Multiple Streams of Income can really be a stimulating experience.

Once our strengths and interest have been determined...it is then time to really gain as much knowledge as possible about the multiple assets we are building.

As we begin building Multiple Income Streams, and even if what we are doing is considered somewhat fun to do...it will still require some time and energy to develop the proper knowledge and skill sets necessary to be successful in our pursuits. Success in any endeavor really boils down to creating a vision of what we wish to accomplish, obtaining the knowledge and skill sets necessary to complete the task, and providing the necessary actions required to bring our vision to completion.

With that said, it is very important not to just try and build assets without gaining as much knowledge as possible concerning the asset we desire to create.

Building businesses, writing books, creating music, or inventing new things all require specific knowledge and skills to be successful. Fortunately, there is an enormous amount of valuable information available for basically any type of business venture or any other asset development projects we might want to pursue.

Stay ahead of any financial downturn with a full arsenal of assets that can provide Multiple Streams of Income...and also provide the free time to pursue all those other dreams and desires you want to achieve in life

Life really is all about living to the fullest and enjoying time with all those you love and wish to spend more time with. Developing a variety of income producing assets is an excellent way to provide the financial resources and time to truly live an Abundant Life full of wonder, excitement, and contentment.

If you truly utilize your own unique strengths and skills during the asset building process...you will find each day and activity a true adventure. You may never "work" again...and still enjoy the fruits of having multiple income producing assets working to provide Financial Freedom even during the tough times.

James Noyes is a researcher, writer, entrepreneur, and developer of The Abundant LifePlan website. Explore this valuable website to Discover the Secrets for Building Multiple Streams of Income and Attracting Immense Wealth into Your Life...You can learn more at:

http://www.abundantlifeplan.com/wealthbuildingfundamentals.htm
Article Source: http://EzineArticles.com/?expert=James_Noyes

The Answer to Our Financial Crisis and Woes....

....is entrepreneurship.

Nothing will get the US on better financial footing than the entrepreneurial drive.
Entrepreneurs cannot be made out to be bad guys.

The US is looking at a huge shortfall in Social Security and Medicare, beyond the current recession.

Nothing makes sense but the promotion of entrepreneurship.

Secrets of the Mastermind eBook

http://www.independentwealth.us/MastermindeBook.html

The Secrets of the Mastermind eBook is available at the link above.
Learn to start, run, and recruit for your own Internet Marketing, small business, and investing mastermind alliance. 19 pages. Enjoy.

Tuesday, January 20, 2009

How Do You Become a Billionaire?

How to become a billionaire?
A study of billionaires from over the past 160 years shows that the best way is through ongoing deal-making. Deal-making is defined as the acquisition, improvement, and sale of various assets. These assets are usually private companies in the early stages of a future billionaire's career. Later on as his wealth grows, the assets become bigger public companies.

The best introduction to these larger than life figures and how they wheel & deal is Matthew Josephson's classic The Robber Barons.

If you're interested in how to become a billionaire follow current trends in the market place to spot opportunities. Look for fast growth industries. The current economic meltdown is creating new ways of doing business which future billionaires can exploit. For example, there will most likely be a return to more localized production of many of the goods we import from China. In addition, new business models such as industry aggregation also offer tremendous opportunities.

http://wiki.answers.com/Q/How_do_you_become_a_billionaire

Pro Hypnosis New Release

Think Outside the Box - Zapper is repetitive but excellent. The CD / MP3 puts you in a good frame of mind for thinking and writing creatively. And Dick Sutphen's voice is crisp and clear as usual.

Right now, CDs are on sale at www.prohypnosis.com.

Think Outside the Box is a steal for $10.

The Key to Investing in a Recession is Asset Allocation

You have likely seen articles in major financial publications and web sites about choosing an asset allocation. You allocate your funds between stocks, real estate stocks (REIT's), bonds, and other assets, including ETF's that sell short and commodities.

Most people just need to move a portion of their funds to a short selling ETF.

Most well allocated portfolios should survive recession. It is a bad idea to go 100% in cash. It is a bad idea to go 100% in any one asset class.

Also, be sure to pick up bargains at a discount. That is one way that Warren Buffett has earned so much money over the years.

Buy low and sell high, remember?

Speaking of lows and Warren Buffett, BRK-B is trading for below $3000 now. I would take a look.

Excellent Viral Marketing Article

Here are six ideas to help you start your viral marketing campaign:

1. Purchase the branding rights to a viral E-book. Allow people to give away your free E-book to their visitors. Then, their visitors will also give it away. This will just continue to spread your ad all over the Internet.

2. If you have the ability to set up a forum or other bulletin board, you really have a great tool. Allow people to use your online discussion board for their own website. Some people don’t have one. Just include your banner ad at the top of the board.

3. Do you have a knack for web design? Create some templates, graphics, etc. and upload them to your site. Then, allow people to give away your free web design graphics, fonts, templates, etc. Just include your ad on them or require people to link directly to your web site. Make sure that you include a link back to your site in the copyright notice and require them to keep your copyright notice in tact.

4. Write an E-book. Allow people to place an advertisement in your free E-book if, in exchange, they give away the E-book to their web visitors or E-zine subscribers.

5. Write articles that pertain to your product or service. Allow people to reprint your articles on their website, in their E-zine, newsletter, magazine or E-books. Include your resource box and the option for article reprints at the bottom of each article.

6. You can easily find products on the Internet that will sell you a license allowing you to distribute the product free of charge to other people. Look for those products that provide “branding rights”. That is where you can include your own name, website, and contact information.

http://www.superpassiveincome.com/6-ideas-for-viral-marketing

Become a Billionaire

You've heard the saying, "buy on the rumor, sell on the news". Thats a huge part of investing, esp daytrading. You can also use what you know to help you profit off stocks. If you got a new "item" and you figured the item would be HOT, you'd buy some shares.

In 1993, I bought zero coupons right before Clinton's inauguration. I KNEW he would raise taxes. I figured investors would flee to bonds for safety. I figured interest rates would go down. As it turned out, I made over 40% in less than a year. Man did people b*itch about my prediction.

People with a nanny state or a poverty consciousness went berserk on me at the freedom loving Portland State University. If you are easily swayed by what some dunce says, keep your picks quiet.

Anyway, if you can keep making good picks and reinvesting your profits and adding HUGE amounts of cash to your holdings, you could be a billionaire one day. Yes, there is huge risk. Do not go borrow money to invest. If you can't afford to take the risk, don't do it.

Like I say all the time, keep yourself and your mastermind away from negative influences. This is very important.

Where do I get stock picks? Good newsletters, CNBC, financial magazines, message boards. I have watched some stocks since the late 1980's. You can look in the top 10 holding of excellent mutual funds and etfs. You could invest in the companies that sell stuff you really like ( and hopefully everyone else ). Look at the Buy Back Letter. They are pretty good. ( No guarantees tho).

Again, take a look as disruptive tech, and small caps.

Remember, Buffett says all the time: buy when others are fearful! I have bought a few shares in this recession so far. I believe smart investors are doing that too.

Are you overwhelmed ? Get a good broker and stat reading excellent investment books. Take classes too.

Removing Negative Credit Information

Many people who look into their reports find that their credit information has errors and those errors usually affect your credit negatively.

Maintaining an accurate score sometimes requires us to be pro-active, and we must write letters to remove information off our credit report. These are sent to the big 3 credit bureaus. Although in many cases the first thing most people want to do is to call the Credit Bureau and tell them off, this would be counterproductive. Instead the best method would be to sit down and write a credit report dispute letter.

You should read your credit report, take notes as to what you consider the problem areas are and think whether what's on the report could actually be true. If, in finding that what's on the report is false, you need to think through how you're going to word your letters to remove info off credit report. You're going to have to send a copy of this letter to each of the three main credit bureaus: TransUnion, Experian, and Equifax. Be polite and state facts as you see them.

See example letter below.

Dear (credit bureau name here),

After looking at a copy of my credit file, I found that it contained erroneous information. I would like to dispute this information and request a correction. I am concerned about the information that you have put in my credit report as it could seriously impair the credit rating I enjoy with lending institutions.

You have not (state the problem here).

Be sure to include the month, and the date, and the name of the business.

I am enclosing a photocopy of my cancelled check as proof of my payment. Hopefully, this will correct the accuracy of my credit file. As you are certainly aware of, the credit bureaus are only allowed to use accurate information in a consumer's credit file.

Thank you for correcting the above errors to insure that it doesn't impair my personal credit. Please contact me as soon as the correction has been made and my credit report is again accurate. Please send a copy of my credit report to: (place mailing address here).

Yours,(Your name)

Be sure to include your full name as listed in your credit report, address, Social Security number, copy of your driver's license, copy of the credit report, and copy of your proof, i.e. cancelled check.

Be sure to retain a copy of whatever you send to each credit bureau. Make a note of the date that you mail your letters to remove info off credit report. Using certified or registered mail is a good idea, as this will give you proof of the mailing date.

Learn to repair your credit by obtaining a free credit report from http://www.free-online-instant-credit-report.info, a popular credit report and repair website that specializes in providing help with credit disputes and free instant credit reports

Article Source: http://EzineArticles.com/?expert=Tim_Gorman

Friday, January 16, 2009

A Few Observations on the Current Economic Situation

Granted, this post will say "everything" about the current financial crisis, but these points are essential to people who desire financial independence for themselves.

There needs to be some entrepreneurs advising Obama, not just academicians.

Obama and the Congress need to take it easy on entrepreneurs. Not only will higher taxes and more regulations make business suffer more, more layoffs will happen.

Public schools should not try to persuade every capable student to becoming a teacher. This country needs entrepreneurs, but other high paying professions as well.

Entrepreneurship and investment fuel growth. Growth is what we need, not slogans from college campus radicals, and dopers.

Investment needs to be encouraged by eliminating the capital gains tax and taxes on dividends.
Cutting these these taxes will make it easier for people to retire or to stay retired. And that means: a little less unemployment, and better qualified "community activists".

Demonizing achievers is the worst thing the Obama administration can do.

Every person who desires to be financially independent (morally&through legal means) needs to pressure the next administration and Congress to cut taxes, and not try to punish businesses.
This includes people of all races, religions, ages, political affiliations, etc.

If your financial education was inadaquate, start at www.financialindependenceuniversity.com and see if the information there helps you. You cannot count on the government to take care of you.

Thursday, January 15, 2009

Business Ideas and Employment for this Recession

Fast Company had a good article at www.fastcompany.com about the Top Jobs for 2009.
You should take a look at that article if you need a job or if you are looking for ideas for a new business or new customers.

Can you sell a product or service to an entrepreneur in any of the industries listed in that article?
Start searching and researching for ideas, and take a look at the Top Jobs for 2009 article.

In this recession, some people will doubtlessly lose jobs and then start a business. The Top Jobs article may give you some ideas.

Conspiracy of the Rich

http://www.youtube.com/watch?v=p0mVo86R52w

Robert Kiyosaki discussing his new book:
www.financialindependenceuniversity.com and form a mastermind and try to formulate a financial plan that is right for you.

Some people are worried about conspiracy theories. Well, we can't join the Illuminati, but you can form a mastermind, and REALLY WORK, BABY!!

Credit Card Help and Resources

www.annualcreditreport.com you can get an absolutely free credit report here.

www.brokencredit.com is a blog by an attorney who helps people repair their credit.

Tuesday, January 13, 2009

Investing in Your Business

Investing for a business can have varied meanings. You have probably heard the term investing in your future. Investing in your future to businesses may pertain to the amount of investments necessary to keep the business running and headed towards a profit.

Often businesses need to invest in products for their company to help insure proper growth of the company. For instance, upgrading computer systems may cost a lot of funds however having access to better computer programs is an investment. Computer programs that are current can allow the company to track spending, manage inventory and process information. By upgrading the computer systems the company is improving and therefore investing in their future.

Investing for a business can also mean investing in the customer. Every day the business strives to please their customers. By striving to gain and keep customers companies are using a form of investment. Investing in your customer is a key to a successful business. Without care and effort customers can easily leave and find another business to fit their needs. It is one of the challenging aspects of running a business, knowing when and how to properly invest in your customers. Some of the ways a business may invest in customers may be to strive hard through advertising.

Advertising aggressively is a way to try and bring in more customers for a business. Another way companies invest in customers is by aiming to have the best service available. Businesses must try hard to create a service environment for their customers. Through insuring customers feel well cared for within the company regardless of the product or service sold can go a long ways towards pleasing the customer and therefore your investments.

Another key to investments in a company refers to capital versus dept. Like many individuals companies often have to borrow money in order to buy products or services to keep their business running well. Borrowing funds is a common practice for a business. The key however is insuring that the debt is kept well under the amount of capital a business has or produces. By reducing dept you are investing back into the business. Financing from banks is to be determined as short term or long term depending on the length of time need to repay the banking institution.

Investing in your company is the only way your business can grow and profit. Through the investments in time, labor, customers or funds businesses are able to determine the amount of involvement and value of a company. Whether you are investing in your future is completely within the businesses control. Finding the best way to invest in the future of your business or company will insure long term success.

Gregg Hall is an author living in Navarre Beach, Florida. Find more about this as well as stock market investing at http://www.investingmaster.com.

Article Source: http://EzineArticles.com/?expert=Gregg_Hall

100% Free Credit Report

The act of obtaining credit reports for free was mandated by a federal law enacted in 2003. The program was then rolled out across the country, starting with the West Coast. Free credit reports requested online are viewable immediately upon authentication of identity. Your credit history is a summary of your financial history. It is a document that determines whether or not you get a mortgage, car loan or other loan, as well as what interest rate you're charged for those loans.

A free credit report is available through any of the three major bureaus - Trans Union, Equifax and Experian - once every 12 months. If the consumer is denied lending, they can receive another free report within 60 days of the date they were denied a loan or lending account. This report is issued every year by the state and you can attain a copy of this report and check it so that there are no errors. This can also help you to obtain a good insurance score.

A free credit check is exactly what you need if you are unsure about your credit rating. It will allow you to find out exactly what is improving or diminishing your credit rating-and also help you to determine how best to react.

A credit report for free is available once a year from Equifax, Experian, and TransUnion at designated websites. Instead of getting all three at once, get a different one each quarter. A free credit report is not just a privilege for a select few; it's the right of all to acquire. This came about because the United States Congress in 2003 enacted the Fair and Accurate Credit Transactions Act (FACT), allowing every American citizen to get a free copy of their credit report once a year. A free credit report is available through any of the three major bureaus. Knowing what's on your credit report can help prevent identity fraud.

A free credit report is that vital document you would require when applying for any type of financial service. Any inaccuracies and misleading data occurring anywhere on your report can lead to hassles, a lengthier processing period, and can even result in a service being denied.
If you have already used up your free report sometime during the year and you want another free report, just apply for credit and get turned down, this will allow that you get a free report to see what is on your credit history.

Learn to repair your credit by obtaining a credit report for free from http://www.free-online-instant-credit-report.info/ - a popular credit report and repair website that specializes in providing help with credit disputes and free instant online credit reports.
Article Source: http://EzineArticles.com/?expert=Tim_Gorman

Friday, January 9, 2009

Success Quotes

"Success is goals, and all else is commentary"

"Thoughts are causes and conditions are effects."

-- Brian Tracy

Monday, January 5, 2009

Become a Billionaire, con't

Again, if you are a future billionaire, you need a mastermind. You need to keep your mastermind closed to negative influences. This is very important. Negative influences will cause you to quit your quest to become a billionaire.

Your self concept is extremely important. You need your mastermind to keep you, not only pumped up, but seeing yourself as a billionaire in the making. You need to think about yourself the right way.

Next, you want to ditch your self limiting beliefs. Remember, there are boneheads who make more money than you. Anyway, there is little difference between a person that makes 50k and one who makes 100K. Its all in the self concept. So start changing your self concept and start making plans and taking action, every day.

If you see yourself as a great entrepreneur on the inside, you will likely perform as one on the outside.

Next, do things that raise your self esteem and get your mastermind to do the same thing. You cannot quit doing these things, making a billion dollars will take many years with many ups and downs. What should you do? Achieve a few small goals. Read. Go to a seminar. Write an eBook, etc.

Thinking about and visualizing making a billion dollars will actually improve your self image and self esteem.

Getting things done will increase your self esteem too. Make it a habit to get things done.

Create the mental equivalent in your mind of what you want to experience in waking life. The gurus say this all the time, evidently people don't do it enough. Visualize what you want and then really get to work.

Next, hold your vision and the feelings associated with it in your mind for as long as possible (10 minutes a day will do). And again, work on your goals each day. Use visualization to solve the immediate problems in your life. Knock out one problem at a time.

Develop the habit of setting goals for every day, week, month, and year. Most of these goals should take you closer to the billion dollar mark. Type up all the sub goals that lead up to a billion and work on them all the time. Change, develop, and modify your typed up plan as needed.

Another thing is, you need the self concept to hold on to your money. If you cannot do that, you will not make make a billion dollars. www.independentwealth.us will help you with develop the habit of saving, the mindset of a millionaire, and a prosperity consciousness.

I'll leave you with this: get little better at your work, studying, and money related habits every day!

Become a Billionaire

A little more about becoming a billionaire.

Save up some money, make some good investments, and the big part, play with the houses money. Playing with the houses money is almost like making infinite returns. If you are investing in good small caps or mid/large caps developing disruptive technologies, it could be real good to let your gains run for many years.

Another completely different idea is to sleep at night with an affirmations tape playing. Think of some good affirmations. Here are some of mine: I make the right things happen. I earn infinite returns. You think BIG. You solve bigger problems. The power to make a billion dollars is in your mind. You turn fear into power. You can think of more good ones. There is a section on custom subliminals, and affirmations at www.independentwealth.us

Another different idea: make a "to-do" list every day and get those things done. After a few weeks of making yourself use to do lists is a great idea. If you are serious, you will see results before long.

An obvious one is to read about billionaires. Forget about reading the anti capitalist newspapers, they will discourage you. Read billionaire's autobiographies, like The Art of the Deal. Maybe you can catch Buffett on CNBC. Read a billionaires blog, like Ross Perot or Mark Cuban.

In researching stocks (and businesses), be like an investigative journalist. Be like Tony Robbins, when he started out. Find out about stuff that works. Find out about massive potential and opportunity. really know the things you are studying. Imagine you are trying to sell your idea to your lawyer, dentist or professor...you can't unless you've got something really good.

Lastly, work hard. Work hard at your job and come home and you will work hard on your business, investments, personal stuff, school, etc. Be the person who does excellent work. Your customers will love you. Watch Donald Trump's A&E Bio. The Donald, while at his academy had to be and look the best. Period.

You can learn the major lessons I have learned about success for free at www.independentwealth.us Why learn the hard way?

More soon.

Make 2009 your year!