If you take a look at http://www.financialindependenceuniversity.com/ you will find some help getting started with investing. Click on the tab called "Secrets" and take a look in the "articles" section for an article I wrote on choosing a stock. The "Secrets" ebook has a lot of common sense wealth creation ideas that are often overlooked. The "Secrets" section also has some good specific investment ideas and strategies.
Don't waste time and money in the school of hard knocks, read what a graduate of the school has to say. And take a look in the bookstore for the best financial books available at the best possible price.
Anthony Robbins Financial Freedom CD is a good deal too.
Showing posts with label The Secret of Wealth Creation. Show all posts
Showing posts with label The Secret of Wealth Creation. Show all posts
Saturday, May 17, 2008
Saturday, August 11, 2007
Seven Secrets of Wealth Creation
1) Add value. What this means is to work harder, smarter and work longer hours. You need to make your product or service more valuable.
2) Buy things that make money (mutual funds, stocks, bonds, investment properties, small businesses, etc). You should invest at least 10% of your income. Remember you probably want to buy investments after the masses have sold. Then, sell when a bubble develops. Also, you can buy the shares of excellent companies during a recession or when temporary trouble emerges for a particular company. If you think the new CEO of a company can turn a floundering company around, you may want to buy some shares. Due diligence is a necessity.
3) Activate the laws of attraction and belief. Think about what you want. Never think about what you don’t want. Your mind is like a magnet. Your mind attracts what it focuses on. Believe and act as if you are a success in the making.
4) Find a career in a field you love. Go to college if necessary, but get yourself a job that you enjoy. You will acquire more than money if you do. Brian Tracy always says once you find a job you really love, you’ll never work another day in your life.
5) Turn your car into a university on wheels. Remember, one idea from a book or audio book or radio program can make you a millionaire. You can find affordable audio programs and you can also rent audio programs. There are also a few good financial programs on terrestrial radio too. Learn to do something like manage a company or become a better salesman.
6) Find a good mentor, advisors, and form a mastermind alliance. A good mentor is like a map and compass in uncharted territory. Unless you are an expert at everything, you need competent advisors, like a CPA, a lawyer and a financial planner. A good mastermind will cover your blind spots, and keep you focused and motivated. 7) Set your major goal and a specific written plan for achieving your goal. Don’t change your major goal, its harder to hit a moving target. Make sure your major goal is realistic. Take action every day on your major goal and be persistent!
2) Buy things that make money (mutual funds, stocks, bonds, investment properties, small businesses, etc). You should invest at least 10% of your income. Remember you probably want to buy investments after the masses have sold. Then, sell when a bubble develops. Also, you can buy the shares of excellent companies during a recession or when temporary trouble emerges for a particular company. If you think the new CEO of a company can turn a floundering company around, you may want to buy some shares. Due diligence is a necessity.
3) Activate the laws of attraction and belief. Think about what you want. Never think about what you don’t want. Your mind is like a magnet. Your mind attracts what it focuses on. Believe and act as if you are a success in the making.
4) Find a career in a field you love. Go to college if necessary, but get yourself a job that you enjoy. You will acquire more than money if you do. Brian Tracy always says once you find a job you really love, you’ll never work another day in your life.
5) Turn your car into a university on wheels. Remember, one idea from a book or audio book or radio program can make you a millionaire. You can find affordable audio programs and you can also rent audio programs. There are also a few good financial programs on terrestrial radio too. Learn to do something like manage a company or become a better salesman.
6) Find a good mentor, advisors, and form a mastermind alliance. A good mentor is like a map and compass in uncharted territory. Unless you are an expert at everything, you need competent advisors, like a CPA, a lawyer and a financial planner. A good mastermind will cover your blind spots, and keep you focused and motivated. 7) Set your major goal and a specific written plan for achieving your goal. Don’t change your major goal, its harder to hit a moving target. Make sure your major goal is realistic. Take action every day on your major goal and be persistent!
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