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Showing posts from November, 2012

How to Get Rich - Understand Cycles

Have you ever wondered when was the right time to buy an investment ? Do you think you can just buy an investment and hold it forever ? Truth is there are good times and not so good times to buy most investments ! Life is All About Cycles Yes, life is all about cycles ! In your own life, you have many cycles. From your natural internal bio cycles such as mood and normal bodily functions to external cycles such as reaction to weather conditions and other influences in your life. Cycles are everywhere ! Have you ever thought about how many times you breath in a minute or hour ? Probably not. Just as our own lives have cycles, so too does the average investment. Investment cycles are normally much longer than our body cycles, but they do absolutely exist. Nothing in the investment world goes up forever. Also, most things in the investment world don't go down forever. ( they can only go down to zero when the company goes bankrupt ) In most cases investments go up for a per

How To Get Rich - The Absolute Second Step

If you have been a regular reader of this blog, you will already know what the very first step to building wealth is. For those of you who are new, I suggest reading my previous posting entitled " How to Get Rich - The Very First Step" before you continue reading here. No sense repeating what I have already written. Make the First Step a Habit Once you make the first step a habit, you will see a growing amount of money accumulating in your savings account. It is always nice to see this amount continually growing and adding to your overall wealth. The fact is, if you were to just do this one step you will probably be better off than the average person that has trouble with this discipline.  However, I think you owe it to yourself to do even better. You owe it to yourself to reward yourself by making your money work for you. Chances are you are already used to working hard for your money. Would it not make sense then to make the money you save work just as hard for yo

How to Get Rich - Use Other Peoples' Money - Part Two

Do you know how to use other peoples' money to grow your wealth ? Do you think all types of loans are created equal ? This post is a continuation of my first post on this topic ( "How To Get Rich - Use Other Peoples Money" ) review first post before proceeding (check the side bar for link under most viewed posts) All loans are not created equal.  Read on to find out what investment loan, if any,  may best be suited for you in your current position. Line of Credit  A Line of Credit is an open ended load that can be paid off at any time and quite often you can make interest only payments which keeps your investment working longer for you. This type of loan is recommended for most liquid investments such as stocks and bonds, REITs, Royalty Trusts, etc. Basically for anything that can be cashed in quickly if necessary. If you have equity built up in your home, you should also be able to secure your line of credit with this equity in order to ensure a much lower in

How to Get Rich - Turn Negative into Positive

Have you ever listened to a negative person complain about everything ? Do you enjoy the atmosphere created by a negative person ? A negative person can be a real downer to your life ! Don't be one of them ! Negative is Everywhere We are all exposed to so much negativity in everyday life it can be downright depressing. Just listening to the news everyday can depress anyone. Negative sensationalism sells and the media knows this. It's not very often you see a positive enlightening news article. It's no wonder there are so many negative people around. They listen to the news, they listen to other negative people, etc. etc. Many are defeated before they even start out in life. What a shame it is that we live in a society where it is deemed normal to be negative. Can You Change On the other side of the coin there are positive people that refuse to let anything get them down. They seem to attract good fortune and everything just seems to go their way. I think we a