Tuesday, November 26, 2013

How To Get Rich - Visualize The Future

Do you think anyone can really predict what the future will be ?

Do you think the wealthy have an inside track on future trends ?

The truth is, common sense can go a long way to predicting future probabilities !

Future Trend Analysis 

Future trend analysis is basically sitting down and trying to visualize what the future may be like. In order to do this, you first must be current and up to date with the way the world is today. In order to keep current, you must get out and observe as much as you can about your surroundings and what other people are doing.

Big corporations and other wealthy individuals spend a lot of time and money researching what the future may be like. The average individual however, does not have the time nor the resources to compete in this way. But in this modern age, the average individual does still have the ability to do their own research in a much more cost effective way. They can use the power of the internet to research almost anything they want and for free.

Tools To See Into The Future

It's true no one can really see into the future. However, the larger your sighting area the more you will learn about yours and other cultures around the world. There are a couple of good sites that you can get a free subscription to that will open your eyes to what is currently being developed and marketed throughout the world.

The first is a site called Springwise.com which sends you out a weekly email on new entrepreneurial ideas from throughout the world. A must weekly read for keeping up to date with new ideas.

The second is a site called Trendwatching.com which will send you regular emails regarding newly developing consumer trends and business ideas throughout the world. Also a must read for keeping up to date.

Make these two tools a regular part of your ongoing routine and you will quickly see how much farther your horizons will become.

What To Do

Utilize the above two tools that are free and easy to use. Continue your search for other sites that may add to your development as well. Remember, things are changing daily and what you learn today may be old news in the not too distant future.

Always observe your surroundings and watch what other people are doing. From their obsession with their smart phones and related apps to buying habits of consumers in a mall. From what they are doing in their spare time to what they are eating for lunch. A trend can often be seen simply from observing others.

Opportunities for new products and services are all around us. The key is to first observe a problem or trend and then fix the problem or capitalize on the new trend. Basically keep your eyes open wide and never take anything for granted. In the blink of an eye, the world can change, literally.

As always, I welcome your comments and suggestions for future topics.

Tuesday, November 19, 2013

How To Get Rich - Protect From Financial Disaster

Are you afraid of losing your main income source ?

Do you think the wealthy have no protection against financial disaster ?

Learn how to protect what you have today !

What Are Financial Disasters 

Financial disasters come in many forms. From losing your main income source such as your job to becoming gravely ill or disabled leaving you unable to work. Even your untimely death can leave your spouse and/or other dependents without a means for their survival.

What many fail to realize is exactly how fragile yours and your loved ones financial position in life really is. Reality is that most people will never protect themselves properly from the above possibilities or other potential pitfalls. We must all be aware that any of the above situations can happen to any of us at any time and most likely with little or no warning.

Protect to Build Wealth      

You could work for years and save for your future. You could live day by day making just enough to pay your bills. These are choices you must make for your life.

If you truly want to become wealthy, then you must protect what you have today from future potential financial disaster. Without proper protection, whatever you gain today may be gone in an instant tomorrow.

The Balance Between Protection and Wealth

The amount of protection you will need will vary throughout your life. For instance, a young couple with a young and growing family will generally need the most protection. A retired person or couple with no dependents and built up savings and investments will generally need far less protection. The key is for you to be able to identify where on the scale you currently fit.

A general rule of thumb is that the more wealth you currently have, the less protection from future financial disasters you will need. Also, the more people that depend on your income for survival, the more protection you will need. It is all about finding the right balance between wealth and protection.

I could write pages on this topic, but my space here is limited. You can find much more on this and other important topics in my ebook entitled "Five Star Wealth Builder" . Check out the free preview on Amazon at the following link www.amazon.com/dp/B00BJ931UM     

What To Do

You must first determine what the biggest threat to your financial future is. Once this is known you can start researching the different methods and/or products available to reduce or eliminate the effects of your future potential financial disaster.

I encourage you to read as much as possible on this topic as it is so crucial to your financial wealth building plan. One major downturn in your finances could potentially destroy a lifetime of careful planning. Don't let your future financial story be one of regret due to lack of proper protection planning.

As always, I welcome your comments and suggestions for future topics.

Tuesday, November 12, 2013

How To Get Rich - Learn The Meaning of Your Fear

Are you afraid of doing something different for fear of failing ?

Do you think success comes without taking some risk ?

If you are afraid of something it may mean you are heading in the right direction !

Define Your Fear

It is human nature to fear the unknown. It is normal to have a sense of fear when you are trying something for the very first time. However, this fear could be your sign that you are growing.

Many become afraid and decide to stop what they are doing because their fear takes over. They fail to realize that their fear can actually be a good thing. They slip back into their comfort zone because they see their fear as a warning sign of danger instead of a sign of personal growth.

Don't get me wrong, there are times when your fear should be paid attention to in order to prevent physical danger. However, there are other times when your fear is simply of the unknown. You must learn to define your fear before you can move on.

Moving Past Your Fear

If you find yourself afraid to move on, define your fear. Decide whether you are in danger of physical harm or is it just a fear of trying something new. If it is the latter, you must learn to push through this fear and move on to the next level of your personal growth.

Great things will hardly ever be achieved without pushing past this wall of fear. This wall of fear will stop most from ever even trying to succeed. The truly successful must master the art of controlling their fear and moving on to bigger and better things.

What To Do

If you find yourself being afraid, first define your fear. You must realize that being afraid of something new is perfectly normal. We all have fear, but this can be a sign you are heading in the right direction. Do not be afraid of being afraid.

Learn to push past your wall of fear and you will truly be able to experience bigger and better things. There could be failures along the way, but you will learn from these failures and move on. Your path of personal growth will contain many challenges and fearful moments. You must embrace this fear and learn to control it in order to achieve great things.

As you learn and experience new things, you will find that your fear subsides and your confidence builds. Overcoming your fears of the unknown is one of the keys to achieving great success.

As always, I welcome your comments and suggestions for future topics.

Tuesday, November 5, 2013

How To Get Rich - Know When Not to Invest

Do you think it is always a good time to make an investment ?

Do you think there are good times and better times to invest ?

Truth is, there are times when you should not invest !

Financial Brainwashing Explained

The financial world is full of advise. Financial planners, brokers, insurance salesmen, etc. They will all tell you the same thing. They all tell you that you should have all of your money invested all of the time to get the most out of your investments.

Truth is, they are all wrong. There are times when all investments good and bad are just too expensive to ensure you a good profit. Then why do these so called experts tell you to keep buying ? Sadly, because it is better for their business. A continuous supply of new money is what makes them prosper. Higher commissions on higher volumes of assets under management.

The average investor simply does not know any better. They believe what the so called experts are telling them. Ask yourself this about your financial adviser. Why is he or she still working if they are so good at investing ? Should they not be on a beach somewhere making gobs of money with their own investments ?

When Cash Is King

Your money is only good for two things in life. The first is that it can be used to make you more money. The second is that it can buy the things you want to enrich your life. Beyond that it has no use.

Cash has the most value to you when all ways of making more money are too expensive to make sense. Do you not like to see a good sale on a product or service you need or want ? Do you not sometimes hold on to your money and wait for a good sale to come along ? The exact same rules should apply to your investments.

The experienced investors are slowly building their cash reserves as the markets climb in value. They either sell part of their investments for a profit or they hold onto their dividends to invest later when there is a sale.They will never be making new investments when everything is too expensive to ensure them a good profit. They simply wait for a better time to invest.

What To Do

You must learn to recognize when it is a good time to invest and when it is a good time not to invest. An old rule of thumb for me is "When in Doubt, Wait It Out " ! You will never lose money by staying on the sideline, but you can lose money if you buy at the wrong time.

There is nothing wrong with building up your cash reserve when all other investments look too expensive. Know what you want to make from an investment before you buy. As investment values rise, the yield will fall as a percentage of the investments' value. If the yield becomes too low, then your investment is becoming too expensive to continue buying. This is when cash is king.

You must realize that all advisers in the financial field are in business to make money just like any other business. Some are better than others, but they all must make money to survive. Don't let them persuade you that it is always a good time to invest.

As always, I welcome your comments and suggestions for future topics.