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MY
WEALTH
Lottery,
Sweepstakes and Other Tax on
Fools
Posted: Aug 2010
Lottery,
Sweepstakes, Betting and
other forms of gambling
are tax on fools. The
profiles of the people who
play such games are those
who do not understand
statistics. You do not
need to be an expert for
the statistics. If the
lottery or sweepstakes are
designed to make people
rich, than you would see
many rich people all
around you. How many
people you know that made
money on lottery?
Read
More
Financial
Trap: Being Guarantor for
Somebody's Loan
Posted: Jul 2010
The
banks are trying to ensure
themselves from the risks by
requiring guaranties for the
loans. Sometimes they require
mortgage, sometimes they require
Guarantor ( Warrantor or
Co-debtor ). If somebody asks
you to be guarantor for his own
loan, you are risking a lot.
Read
More
Get
Poor Because "I Deserve
It" Motto
Posted: Jun 2010
Millions
of women around the world know
advertising campaigns in which
they are suggested that they
deserve only the best. Many
would say that it's not so bad.
But celebrity culture is forming
the opinion that women deserve
just about anything and at any
price - luxury handbags, clothes
and expensive travel. So Cheryl
Cole, in a commercial for
anti-wrinkle cream, suggests to
millions of women that every
women simply deserve only the
best, and immediately. Who
wouldn't agree with that?
Read
More
Financial
Trap: Borrowing
Money
Posted: Jun 2010
Even
if you became smart and decided
that you will not loan any more
money, since you realized that
this may lead you to financial
ruin, you are not safe yet.
There is one more way to ruin
your financial stability. You
can weaken and ruin yourself
financially if you borrowing
your money to the others. It
does not matter if you lend the
money to a friend, cousin or a
brother, you are wasting your
money, and much more.
Read
More
Financial
Trap: Debt
Consolidation
Posted: Jun 2010
Reprogramming
of the credit, or debt
consolidation, is changing of
the credit conditions. In most
of the cases it means that the
credit period is extending. As
there is more and more people
who can not pay or want to
change current payment setup,
the banks are offering the
possibility to reprogram their
dept. Debt
consolidation may look
interesting, but if you explore
the subject deeper you will
understand that the interest
rate is not lower...
Read
More
Financial
Trap: "Interest
Free" Credits
Posted: May 2010
So
called “Interest-Free” or
“free” consumer credits,
payable by credit card or check,
are the nothing else but the
marketing trick.
“Interest-free” credits are
spread through the trade like a
plague. They offer you
furniture, household appliances,
electronics or clothing as
interest free. But in the
reality they are everything else
but not the interest free.
Read
More
Financial
Trap: Monthly Installment
Payment
Posted: May 2010
When
you see advertisement „Only
$29,99 monthly for a new TV“,
you need to ask yourself how
much that TV will cost you? You
also need to ask yourself how
much you would pay if you buy it
for cash? Finally, you need to
ask yourself do you really need
the new TV if you have the TV
already? Read
More
Make
Compound Interest Work For
You
Posted: May 2010
When
you buy something that you
really do not need you are not
just wasting your money. You are
also loosing additional money
that you could earn, if you
invested. For example, the $100
that you could spend today, for
something that you really do not
need, cold worth a $11.866 in a
40 years with a 12% of return on
investment.
Read
More
Compound
Interest - The Most Powerful
Force In The Universe
Posted: May 2010
Albert
Einstein shocked his colleagues
when he stated that the most
powerful force in the world is
Compound Interest. Everybody
would expect that Einstein would
choose the product of the
physics as an example of
powerful force, but he stated
that Compound Interest, as
economical phenomenon, is the
most powerful. So
what is the Compound Interest? Read
More
Turn
Your Debt Into Your Fortune
Posted: May 2010
Many
studies on human behavior in
management of personal finances
show that the common thing for
the people who bankrupted is the
fact that they were not able to
postpone the pleasure – they
wanted everything now. This is
the point where the credit
industry is stepping in.
Unfortunately, the „benefit”
of banking intervention in your
personal finance is devastating
for your financial future.
Read
More
Debt
Is Not The Right Way
Posted: Apr 2010
Our
culture, supported with
aggressive advertisement, teach
us to behave like kids. „Buy
This, Buy That!“ screams from
advertisements all around us. We
can buy whatever we want, the
car, cloth, trip or dinner,
regardless do we have money or
not. We do not need to spend the
time to earn and save the money.
If we want to buy something
without the money there is only
one thing that we need – the
debt. Read
More
You
Are The Future Millionaire
Posted: Apr 2010
It
is not impossible for you to
become millionaire. Becoming
the rich is not the
impossible. The only thing
that matter is the process
in your brain. If you are
still suspicious try to do
some basic math. Read
More
Consumerism
Mentality
Posted: Nov 2009
The
wish for ownership is endless.
We do want to have as much as
possible. Although we could live
with a few things, we want many
things in our possession. There
are two ways to accommodate what
we want: we can reduce our
appetite for things or increase
our income.
Read
More
Keeping
Up With The Joneses ( Being
Shoppingholic )
Posted: Nov 2009
It is obvious, people are
more shoppingholic than they
would be ready to admit.
Shopping therapy is becoming
the way of living. Still,
our money is earned too hard
to be spending so easily.
Next time when you go for
shopping therapy, think
twice before being something
that is not a necessity. Do
not become shoppingholic just
to keep up with the Joneses.
Read
More
Financial
Wisdom
Posted:
Oct 2009
Why are people careless with
spending the money? Probably
because they lack a financial
wisdom. We never have a chance
to learn about financial wisdom
neither in school nor in family.
Simply, spending makes us happy.
Who cares about the financial
problems? We will care about
them when they come. Since
people do not have sufficient
financial wisdom, meaning they
do not govern with their own
money. Read
More
Spending
Habits: Can You Control It?
Posted:
Sep 2009
Friend
of mind told me about smart idea
of his neighbors. They decided
to put their small bills and
coins, which they receive as a
change during shopping, into a
small cash box. The plan is
simple, they receive coins every
time while they shopping. One
year later they opened the box
and counted the money. There was
a decent amount collected,
enough to pay them a nice
tourist trip. So the went on the
trip. But, is this the only way
to save for the holidays? Read
More
Marketing
Conspiracy Theory
Posted:
Aug 2009
Marketing and commercial
wizards, still hungry for more
profit launched a new weapon.
This weapon brings them more
profit per unit sold. From the
perspective of consumer this
means having less for the same
amount of money. How is this
possible? Read
More
Mind
and Money
Posted:
Jun 2009
Very
popular theory today is that our
wealth is the reflection of our
mind. It is considered that it
is necessary to believe or train
our brain to believe that we
will have the increase of the
income and that will happen.
Actually, only by meditation or
praying for the wealth will not
make it to happen. Our mind is
not commanding the universe. Our
mind is the part of the
universe. Read
More
Absolute and Relative Income
Posted: Jun 2009
There
is the question about
who earns more or who has a
better-paid job? Is that the
person that earns more? Or
is that the
person who works less? These
questions cannot be
understood unless we
evaluate their relation. Read
More
Personal Work Monetization
Posted: May 2009
All
of us are working for money. We
trade our time, skills and
effort for money. We sell our Personal
Work for money. Even if the
money is not the main activator,
still we need the money to pay
our bills. So if the money is
that important in our life, then
you need to ask yourself at loud:
Are you paid enough for the work
you do? Are you doing enough to
monetize your work properly?
Read
More
Loans: Better Think Than Sorry
Posted: Apr 2009
Most
of us
must be thinking that our
personal budget could be larger.
Simply, our potential spending
seems to be always higher than
our earning. The difference
between income and potential
spending is the gap that we are
trying to cover by any mean.
There are several methods, like
looking for a better-paid
job or
exploring the secondary income
streams. One of the methods
is
taking a loan. Read
More
Passive Income
Posted: Jan 2009
The
passive income is a way of
earning money without direct
effort. Still you need some
effort as the initial
investment, but when you
establish sustainable passive
income, you will need a little
or no supervision. So, the
passive income is not perfectly
passive, but as a concept it
gives you more freedom and more
money as the time pass. Finally,
fully established passive income
will give you healthy, stabile,
even growing income, without
your work. Read
More
Multiple Income Streams
Posted: Dec 2008
Why
is the multiple income streams building
important? Many people are
working their daily job that
gives them salary that is not
satisfying all their needs.
Multiple income streams
building can help them. Also,
uncertainty of the world economy
makes wealth-conscious people to
think about their future.
Simply, there is no thing called
lifetime employment or job
security. Everybody can stay
jobless very easy.
Read
More
Money Wallet Leaks
Posted: Nov 2008
Most
of the people do care about
their own well being. One of the
aspects of someone’s well
being is the financial well
being - Money Wallet. So what is necessary for
health your money wallet? More income?
Yes, that may help. But earning
more money is not the only thing
that will influence the content
of our money wallet. Read
More
Home Based Business
Posted: Oct 2008
Whenever
you read papers or browsing
through the internet, you can
find advertisements that offers
you self employment. They offer
you different types of home
based job, promising you some
amount that you can earn.
Sometimes they promise you huge
amounts with little time and
effort spent. On the other hand,
you can get self-employed and
start up the home business by
your self, without having
somebody to include you in some
home employment system.
Read
More
Avoiding Marketing Traps
Posted: Sep 2008
Most
of the people do not understand
the real nature of the today's
marketing. Marketing sounds like
service that has intention to
connect manufacturers and
retailers with customers, to
provide information and
education to the customers.
Read
More
Home
Budget Planning
Posted: Aug 2008
It
is true that is always easier to
skip planning, since it requires
time, effort and checking how we
managed versus what we initially
planned. For example, if you go
on picnic for barbecue it is the
most easily just to get into a
car and stop by to buy a few
things. But when you get to your
place, you can realize that you
bought meat, but you forget
spices, or that you bought coal
but forget the grill. So, you
must admit that some planning
prior to your trip should be
good. Read
More
12 Steps of Becoming Financial
Slave
Posted: Aug 2008
Let
me tell you about the secrets of
spending money. I'll tell you
how you can spend all you earn
and even more. I will explain
you what you need to do to be in
debts and to stay in debts
forever. I am not promising that
is going to be easy, but if you
try really hard, you will
succeed in loosing all your
money and to be miserable.
Read
More
The
Well of Fortune
Posted: Aug 2008
What
do I need to build a fortune? Is
it to be born rich? Is it to get
a grip into a serious business?
Do I need to win a lotto? Or do
I need to rob a bank? Perhaps
you need some of these ( except
a last one :).
But also you can have it by
doing something completely
different.
Since
you are reading this, I assume
that you are not already rich.
Let say that you a ordinary
citizen that is struggling with
a financial unease of every
day’s life and you want to
build up your financial health
and to achieve financial
stability for years to come.
Read
More
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