What is the best way to make money from money? There is that old adage, "It takes money to make money," and to all appearances that is very often true.
Let us say that money is conceived as tied up in capital investment and social values such as building walls, transportation, education and on-the-job training, inventory, research and development, time spent networking, civic infrastructure, work ethic, optimism, health, and so on as well as currency and liquid asset. How does one make money in the absence of these things? Or more narrowly, how does one make money without currency and material things?
No can do.
So again, what is the best way to make money from money? Various principles come to mind.
1) Find out what other people will buy. Someone has suggested that the customer is the best marketing expert. The temptation, of course, is to get this backwards. I buy what I like. I invest in what I like. I go all romantic on the business opportunity, the "can't lose" investment, the golden product... and only afterwards do I think about what other people like. And what they will buy.
Even when we are aware of the principle, getting it backwards is easy to do. And you may indeed like what others like. But you get the idea. "The fool and his money are soon parted," but the wise find out what people will buy before they find a way to give it to them. Bet on the horse running downhill, not the one puffing uphill.
2) Look before you leap. Do your research. Test small before going all the way. Yeah, this is like the first point, but broader. We may not have a crystal ball, but we can look at history. Company reputation. Demograpghics. Trends. Traps. Financial fundamentals.
If you want to make money from money, it does not have to be a glamorous process. It just has to work. And you have to make it work. Research first.
3) Of course if you have money, you can pay someone to do such research for you, to find the markets and the opportunities. But at some point you need to sail familiar waters, even if it is knowing who and what to trust. Would you rather make money in an area you know or fly blind?
A lot of faces can look beautiful at a distance. Up close, you see the pimples and wrinkles. Don't marry an opportunity at a distance. Prefer the business you know.
4) Invest in what you enjoy. I know. This sounds like a contradiction to the above. Hang on.
A dog-demon gives cartoon character Dilbert a choice: (1) Work for a charity and do all kinds of good, but live in poverty or (2) Make all kinds of money, but see your labors burned to ashes at the end of each day.
A lot of us don't like our work. We tolerate it in order to make more money than doing something we like. And there is something to be said for disciplining our hedonism and narcissism.
But we tend to last longer, be healthier, and succeed more fully when we find at least some enjoyment in what we do to make money. Invest in what you are good at. You are often good at what you enjoy.
5) When making money from money, do not focus on making money. There is nothing wrong with profit per se. We all need it to survive. And the best way to make money from money is to work at it. Even passive income is the result of years of some kind of labor for somebody.
But what I mean is that we are on this earth to do good for others. To love our neighbor as ourself, to do for others what we would have them do for us. Focus on the value you bring to the table, the thing you do for others, directly or indirectly.
The best way to make money from money is to use money for the benefit of people.
Next, to create a profit system online, sign up for the email series. The author has been working his own business full time online since October 2008.
Article Source: http://EzineArticles.com/?expert=Stephen_Hanover Article Source: http://EzineArticles.com/6354481
Wednesday, June 29, 2011
Monday, June 27, 2011
Be Bold if You Care About Your Future - No one else does
Forget the rules some of the Wall Street gurus have for you: bearish funds, options, and specialized funds do not make you un-American, nor will they land you in eternal hell. Going long in a fund that charges 2% a year in fees does not make you popular or smart. Be flexible. You are in a world of unlimited possibilities.
You are responsible. You do not really want someone responsible for you. No one cares more about your future than you.
In my MBA program, there was a guy in an entrepreneurship class who proposed the government provide us peons with more entitlements. Where was that guy the last ten years? The US is facing the downgrade of its credit rating. A third round of QE may be necessary. The world isn’t fantasy land. You shouldn’t buy things you can’t afford.
Tea Party supporters reading this are thinking of the coming election, where the bums are thrown out. Well I have news for you. I have learned the hard way that most politicians and their staffers are on their own side. Many progressives are not afraid of economic collapse. They seem to think they will come out strong after a real meltdown or collapse.
Too many people, even in the GOP, attack easy targets, like Howard Stern and other entertainers. They do not go far enough in resisting Obama, Napolitano, and our “dumb them down” educators. Too many republicans are way too dependent on government, and many are too mentally lazy to go to LI, read, or even contemplate strategy, read financial books, or do something besides farm and look at porn. There is still too much of a "you can't fight city hall attitude." Lib teachers and pastors agree.
Christians should not hang their heads. If the lib at church makes you feel that you should hang your head all the time, tune into something different. Stand up for yourself.
You need to be your own bailout. You must do things that “they” do not approve of. You need to ask yourself the tough questions. You need to approve of yourself and make an honest attempt at achieving your heart’s desires.
Pretend nothing is off limits. Explore your options. Do math. Attempt a business venture that sells what the marketplace demands. Listen to your customers and attempt to outperform your competition. Cut yourself off from the perhaps well intentioned people who say, “You can’t do that!” Read a lot. Look at things that your superiors say are not suitable for your class, demographic, or personality type.
Be bold!
You are responsible. You do not really want someone responsible for you. No one cares more about your future than you.
In my MBA program, there was a guy in an entrepreneurship class who proposed the government provide us peons with more entitlements. Where was that guy the last ten years? The US is facing the downgrade of its credit rating. A third round of QE may be necessary. The world isn’t fantasy land. You shouldn’t buy things you can’t afford.
Tea Party supporters reading this are thinking of the coming election, where the bums are thrown out. Well I have news for you. I have learned the hard way that most politicians and their staffers are on their own side. Many progressives are not afraid of economic collapse. They seem to think they will come out strong after a real meltdown or collapse.
Too many people, even in the GOP, attack easy targets, like Howard Stern and other entertainers. They do not go far enough in resisting Obama, Napolitano, and our “dumb them down” educators. Too many republicans are way too dependent on government, and many are too mentally lazy to go to LI, read, or even contemplate strategy, read financial books, or do something besides farm and look at porn. There is still too much of a "you can't fight city hall attitude." Lib teachers and pastors agree.
Christians should not hang their heads. If the lib at church makes you feel that you should hang your head all the time, tune into something different. Stand up for yourself.
You need to be your own bailout. You must do things that “they” do not approve of. You need to ask yourself the tough questions. You need to approve of yourself and make an honest attempt at achieving your heart’s desires.
Pretend nothing is off limits. Explore your options. Do math. Attempt a business venture that sells what the marketplace demands. Listen to your customers and attempt to outperform your competition. Cut yourself off from the perhaps well intentioned people who say, “You can’t do that!” Read a lot. Look at things that your superiors say are not suitable for your class, demographic, or personality type.
Be bold!
Saturday, June 25, 2011
More Bailouts?
MJ DeMarco said in The Fastlane to Millions,
"You are your own bailout."
I agree, thats the way to look at it.
Schools should teach this. The U.S. needs a government that believes this.
"You are your own bailout."
I agree, thats the way to look at it.
Schools should teach this. The U.S. needs a government that believes this.
Friday, June 24, 2011
How to Become a Millionaire by the age of 30
(This is a great article by Sean Adams. Kudos to him!)
In today's current economy, young people are struggling to find jobs, racking up insanely large amounts of debt from trying the traditional method of going to college, and just over all learning the hard way that what supposedly worked for their parents is not going to work for them. They may be aware that they need to do something different, but they are struggling to find people who know another way. Their parents and teachers are stuck in the old mindset and therefore cannot help. That is why this article exists, to help give young people the basic tools they need to create and thrive in a new economy.
Tip #1: Avoid the trap of going into debt
Far too many young people are sold the false bill of goods that going into debt to get a degree from an institution of higher education is the right path to take. As a former higher education administrator and faculty member I am here to tell you that this is a false bill of goods and should be avoided. You do not and should not go into debt to pursue a degree. There is nothing wrong with getting a degree, but you absolutely should not go into debt for it. That is the single biggest mistake you can make if you want to be a millionaire by the age of 30. Debt will just be a wait hold you back for a very long time. Avoid it in all cases at all costs.
Tip #2: Follow your passion
We are all born with interests and talents that we love and know we have a natural talent for. Things that make our heart sing when we are doing it. The problem we often face is that these passions are not always socially acceptable and the adults in our lives do not support our pursuit of these "dreams". Too bad for them, pursue your dreams and focus on your passion and the things you are good at. Becoming a millionaire takes time and effort, and the only way you will be willing to put in the needed time and energy is if you love what you are doing. This love comes from following our passion.
Tip #3: Stop focusing on trying to improve your weaknesses
It is my experience that all of organized education is designed to teach us that we are supposed to focus on improving at the things that we are not naturally skilled at. This is a waste of time and will only hold you back from your success. We were given natural talents and we should work on improving those natural talents instead of focusing on and wasting time on improving our weaknesses. There are plenty of people out there that are skilled at areas you are not, so outsource to them, pay then to do the things you do not like to do so you can spend more time focusing on and improving on those areas you love to do and are good at.
Tip #4: Manage your money well
One of the things that all millionaires have in common is that they know how to effectively manage their money. This means that they know how to invest money for the long term, how to focus on education, how to have fun, etc all while not going into debt. My personal suggestion is simple, divide all income you receive into different categories and only spend the money from these categories if you have enough. The simple way of dividing up your money is: 50% for necessities, 10% for long term savings for spending, 10% for your financial freedom( your golden nest egg), 10% for play to be used monthly to act like a millionaire and 10% for give. If you are smart and manage your money in this manner from the start you will be amazed at how quickly it can grow.
Tip #5: Use the power of the internet
Odds are that you have forgotten ore about computers that your parents have ever known. The internet is THE business opportunity that is making more millionaires than anything else right now. Real Estate is upside down, investing is volatile, but the internet had millions of new participants on a regular basis and billions of dollars a year are spent there. All you have to do is learn the right way to monetize the web and you will be successful. Just take the time to be focused and learn the right way and you will be able to use the power of the internet for your financial success.
Becoming a Millionaire by the age of 30 will take time, effort and passion, but it can be done. Focus on what you love, manage your money well and use the power of the internet for your success. This is not about madly pursuing get rich quick schemes, it is about building a lasting long term business or businesses based on your passion that will change your life. Be in service to others, give wisdom and be passionate and the money will follow.
Sean is an internet entrepreneur who specializes in helping people to identify their passion and find a way to turn that passion into a monetized website that makes sustainable passive income. To learn more about how to learn the basics check out http://www.MillionaireMindForFree.com/
Article Source: http://EzineArticles.com/?expert=Sean_M._Adams
Article Source: http://EzineArticles.com/6375893
In today's current economy, young people are struggling to find jobs, racking up insanely large amounts of debt from trying the traditional method of going to college, and just over all learning the hard way that what supposedly worked for their parents is not going to work for them. They may be aware that they need to do something different, but they are struggling to find people who know another way. Their parents and teachers are stuck in the old mindset and therefore cannot help. That is why this article exists, to help give young people the basic tools they need to create and thrive in a new economy.
Tip #1: Avoid the trap of going into debt
Far too many young people are sold the false bill of goods that going into debt to get a degree from an institution of higher education is the right path to take. As a former higher education administrator and faculty member I am here to tell you that this is a false bill of goods and should be avoided. You do not and should not go into debt to pursue a degree. There is nothing wrong with getting a degree, but you absolutely should not go into debt for it. That is the single biggest mistake you can make if you want to be a millionaire by the age of 30. Debt will just be a wait hold you back for a very long time. Avoid it in all cases at all costs.
Tip #2: Follow your passion
We are all born with interests and talents that we love and know we have a natural talent for. Things that make our heart sing when we are doing it. The problem we often face is that these passions are not always socially acceptable and the adults in our lives do not support our pursuit of these "dreams". Too bad for them, pursue your dreams and focus on your passion and the things you are good at. Becoming a millionaire takes time and effort, and the only way you will be willing to put in the needed time and energy is if you love what you are doing. This love comes from following our passion.
Tip #3: Stop focusing on trying to improve your weaknesses
It is my experience that all of organized education is designed to teach us that we are supposed to focus on improving at the things that we are not naturally skilled at. This is a waste of time and will only hold you back from your success. We were given natural talents and we should work on improving those natural talents instead of focusing on and wasting time on improving our weaknesses. There are plenty of people out there that are skilled at areas you are not, so outsource to them, pay then to do the things you do not like to do so you can spend more time focusing on and improving on those areas you love to do and are good at.
Tip #4: Manage your money well
One of the things that all millionaires have in common is that they know how to effectively manage their money. This means that they know how to invest money for the long term, how to focus on education, how to have fun, etc all while not going into debt. My personal suggestion is simple, divide all income you receive into different categories and only spend the money from these categories if you have enough. The simple way of dividing up your money is: 50% for necessities, 10% for long term savings for spending, 10% for your financial freedom( your golden nest egg), 10% for play to be used monthly to act like a millionaire and 10% for give. If you are smart and manage your money in this manner from the start you will be amazed at how quickly it can grow.
Tip #5: Use the power of the internet
Odds are that you have forgotten ore about computers that your parents have ever known. The internet is THE business opportunity that is making more millionaires than anything else right now. Real Estate is upside down, investing is volatile, but the internet had millions of new participants on a regular basis and billions of dollars a year are spent there. All you have to do is learn the right way to monetize the web and you will be successful. Just take the time to be focused and learn the right way and you will be able to use the power of the internet for your financial success.
Becoming a Millionaire by the age of 30 will take time, effort and passion, but it can be done. Focus on what you love, manage your money well and use the power of the internet for your success. This is not about madly pursuing get rich quick schemes, it is about building a lasting long term business or businesses based on your passion that will change your life. Be in service to others, give wisdom and be passionate and the money will follow.
Sean is an internet entrepreneur who specializes in helping people to identify their passion and find a way to turn that passion into a monetized website that makes sustainable passive income. To learn more about how to learn the basics check out http://www.MillionaireMindForFree.com/
Article Source: http://EzineArticles.com/?expert=Sean_M._Adams
Article Source: http://EzineArticles.com/6375893
Snap Out of Your Trance
Snap out of your trance. Maybe you should forget what your teachers, politicians, and gurus have been telling you. Life is not a dream. You should not be hypnotized. Imagination is good, but you have to make your imagination work for YOU.
So, snap out of it. Life is not chance, life is cause and effect. Start causing good things to happen to you. You do reap what you sow. Sow the seeds of financial independence. Don't show interest - show committment. If its to be, then its up to me!! Thats what you have to tell yourself.
Take control of your destiny.
You decide! Not the "they" Napoleon Hill warned us about.
Form a mastermind group (Master Mind) with people you know who agree.
So, snap out of it. Life is not chance, life is cause and effect. Start causing good things to happen to you. You do reap what you sow. Sow the seeds of financial independence. Don't show interest - show committment. If its to be, then its up to me!! Thats what you have to tell yourself.
Take control of your destiny.
You decide! Not the "they" Napoleon Hill warned us about.
Form a mastermind group (Master Mind) with people you know who agree.
Imagination - The Workshop of the Mind
Napoleon Hill called imagination the workshop of the mind.
It is important to see your imaginative powers as good. When we hit Jr. high or so, we start using our left brains more. We are scolded for daydreaming and imagining. So see your imagination as good and productive.
If you are going to create a product, you must first imagine it. Get in touch with your right brain. Exercise your right brain and spend some time brainstorming outside the box. Think of products you can create. How can you improve your creations or the creations of others?
Ask yourself if you are thinking big enough. Can you have a whole line of products? Is the price of the product high enough you can have decent profits? Can you sell a million of your product for at least $1 each? How will you reach people? Be prepared to market and sell your product, its not real easy.
It is important to see your imaginative powers as good. When we hit Jr. high or so, we start using our left brains more. We are scolded for daydreaming and imagining. So see your imagination as good and productive.
If you are going to create a product, you must first imagine it. Get in touch with your right brain. Exercise your right brain and spend some time brainstorming outside the box. Think of products you can create. How can you improve your creations or the creations of others?
Ask yourself if you are thinking big enough. Can you have a whole line of products? Is the price of the product high enough you can have decent profits? Can you sell a million of your product for at least $1 each? How will you reach people? Be prepared to market and sell your product, its not real easy.
Thursday, June 23, 2011
Some Random Ideas on How to Become a Billionaire
Many of the billionaires created wealth by consolidating their industry. For the rest of us, we can attempt to dominate niches and sub niches.
Look at new businesses in your niche and ask yourself what is new about this business? What is different about the product? What need does the product satisfy? What does the business you are observing do differently?
Building a list of customers (and other references, contacts, supporters, etc.) to sell to through your web site is essential. Some of your best customers and supporters may form a tribe or a cult for your business.
Entertainment is one budding entrepreneurs often over look. There are some billionaire entertainers and some that are able to live like rockstars (lol). If you can entertain, you could have a shot at a billion.
If you really want to be a billionaire, stay up and start researching keywords, your competitors, IM techniques, study the demographics (who are your customers?) and etc. Do some testing and see how well your pages and articles rank in search engines. If people contact you and ask buying questions, that is probably a good sign.
Even if you fail or decide not to launch your venture you have not wasted your time! The things you learn while doing your research, testing, and marketing is valuable sought after information. You can apply the same lessons over and over, usually.
In the early stages of your business, you want to shut out negative influences. Don't watch TV, listen to any negative people, and keep your idea under wraps until you are ready to launch.
Being in a Master Mind group is a great idea. With a Master Mind, you can get feedback, support, and advisers that hold you accountable.
If you are successful in your venture, or if you want to try another venture, keep researching.
Also, go to conferences and seminars and learn the how to's, ask questions, meet people, and see where your industry is going.
Look at new businesses in your niche and ask yourself what is new about this business? What is different about the product? What need does the product satisfy? What does the business you are observing do differently?
Building a list of customers (and other references, contacts, supporters, etc.) to sell to through your web site is essential. Some of your best customers and supporters may form a tribe or a cult for your business.
Entertainment is one budding entrepreneurs often over look. There are some billionaire entertainers and some that are able to live like rockstars (lol). If you can entertain, you could have a shot at a billion.
If you really want to be a billionaire, stay up and start researching keywords, your competitors, IM techniques, study the demographics (who are your customers?) and etc. Do some testing and see how well your pages and articles rank in search engines. If people contact you and ask buying questions, that is probably a good sign.
Even if you fail or decide not to launch your venture you have not wasted your time! The things you learn while doing your research, testing, and marketing is valuable sought after information. You can apply the same lessons over and over, usually.
In the early stages of your business, you want to shut out negative influences. Don't watch TV, listen to any negative people, and keep your idea under wraps until you are ready to launch.
Being in a Master Mind group is a great idea. With a Master Mind, you can get feedback, support, and advisers that hold you accountable.
If you are successful in your venture, or if you want to try another venture, keep researching.
Also, go to conferences and seminars and learn the how to's, ask questions, meet people, and see where your industry is going.
Friday, June 10, 2011
Affirmations for Mind Power
http://www.renegadeuniversity.net/Mind_Power_Affirmations.html
Take a look at the link above for some good affirmations. (I will add more later.)
For $20, I can record, mix and email an excellent customized subliminal for you.
Maybe I can get you going in the right direction to reach your ideal lifestyle.
I have been thinking about college, self help, business books, Tony Robbins, Tim Ferriss, life lessons, learning, and the like a lot lately. I thin you will like these affirmations.
Take a look at the link above for some good affirmations. (I will add more later.)
For $20, I can record, mix and email an excellent customized subliminal for you.
Maybe I can get you going in the right direction to reach your ideal lifestyle.
I have been thinking about college, self help, business books, Tony Robbins, Tim Ferriss, life lessons, learning, and the like a lot lately. I thin you will like these affirmations.
Sunday, June 5, 2011
Does the Truth really Hurt? It Shouldn't, Because You DO NOT Have to Retire Poor!
You do not have to retire poor. You do not have to retire when you are old.
You can (for the most part) cut yourself off from things and people that cause poverty, ill health, and negative emotions.
You have to forget what "they" say. Forget what your broke coworker says. Forget what the guy on TV says. Forget what the 40 year old High School Student Leader says.
When you get the time or feel inclined, come down to www.renegadeuniversity.net
You will find assistance in planning to retire early or to have the money to live the life YOU really want.
The info at the site above took years of the school of hard knocks to learn. The ideas there are tested and effective. But be forewarned, "they" will not approve.
You can (for the most part) cut yourself off from things and people that cause poverty, ill health, and negative emotions.
You have to forget what "they" say. Forget what your broke coworker says. Forget what the guy on TV says. Forget what the 40 year old High School Student Leader says.
When you get the time or feel inclined, come down to www.renegadeuniversity.net
You will find assistance in planning to retire early or to have the money to live the life YOU really want.
The info at the site above took years of the school of hard knocks to learn. The ideas there are tested and effective. But be forewarned, "they" will not approve.
How to Not Be a Sheeple
1) Don't let people waste your time.
2) Admit to yourself and maybe your Master Mind and trusted relatives what you really want.
Go after it. Do not ask permission or approval. Do not decide if "they" agree. Don't talk yourself out of a BHAG (Big Hairy Audacious Goal).
3) Don't be afraid to speak up for yourself.
4) Think for yourself.
5) Analyze every so often where your decisions and the people who influence your decisions have led you. Are you happy with it?
6) Follow your bliss. Follow your passions.
7) Let no one decide for you.
8) Be your own role model. Be a role model for others. Walk your talk. Do things worth writing about.
2) Admit to yourself and maybe your Master Mind and trusted relatives what you really want.
Go after it. Do not ask permission or approval. Do not decide if "they" agree. Don't talk yourself out of a BHAG (Big Hairy Audacious Goal).
3) Don't be afraid to speak up for yourself.
4) Think for yourself.
5) Analyze every so often where your decisions and the people who influence your decisions have led you. Are you happy with it?
6) Follow your bliss. Follow your passions.
7) Let no one decide for you.
8) Be your own role model. Be a role model for others. Walk your talk. Do things worth writing about.
Investment Ideas for Food and Water Shortage and Nanotechnology
Considering that food and water are in short supply in much of the world, it seems like food and water etf's may be a good investment. MOO could prove to be a good purchase, as could FIW, CGW, and PHO.
Nanotechnology investing is something I have been interested in for a long time. As I have typed here, IBM has the most nano patents. But Nikon is starting to catch up. IBM only lost 30% of the price of its stock in 2008. I think that company should stand the test of time.
( I am long IBM. I may add MOO and NKN in the next 2 weeks.)
Nanotechnology investing is something I have been interested in for a long time. As I have typed here, IBM has the most nano patents. But Nikon is starting to catch up. IBM only lost 30% of the price of its stock in 2008. I think that company should stand the test of time.
( I am long IBM. I may add MOO and NKN in the next 2 weeks.)
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