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| Total Unique Visitors: 9274 |
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| Total Visitors Out: 224 |
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| Dividend stocks - the best passive income stream? |
| 2008-12-08 23:49:47 |
There are two kinds of income: active and passive. Active income streams are what you get in exchange for effort - your day job is the best example: you put in the hours, you get paid. Passive income streams are like getting interest from a bank account - you do absolutely nothing and the money rolls in. In between are things like maintaining a Website: it (potentially) generates money for you all the time, even as you sleep, but it does need to be monitored, updated and maintained, and so there is work involved.You might love your job and love the work of running a business, maintaining a Website or whatever, and this is desirable because for most people their active income makes up the lion's share of all their disposable cash. But what we are thinking about here is the ideal passive inc...
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| The power of thinking big |
| 2008-12-08 23:49:47 |
One of the hallmarks of a successful money making mindset is 'thinking big.' But so few people have this trait. We've been conditioned to think small, not to be greedy, to expect less from life - in short, we've been swamped with a puritanical way of thinking since the day we were born.I read somewhere that, as an experiment, someone put two adverts in a newspaper. They were for the same job, doing the same work with the same hours, but one of them offered to pay a salary many times the other. Guess what? About ten times more people applied for the lower paid job! People think small. And that's one of the reasons they fail.Many (most?) people are afraid of thinking big, they're scared to be successful, scared to be rich. For most people, being rich is a nice dream, but they're comfortable ...
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| Making Money: Ten points |
| 2008-12-08 23:49:46 |
The first point: passive income is better than working for moneyTalking about income, the bottom line is this: the best income is a passive income. No doubt about it. Interest, dividends, royalties, money from web-based schemes, lottery winnings, being left money by your long lost great aunt who just died. All far better than actually working. When you work as an employee, you swap your time for money. This is OK if you have an employer who compensates you very well for your time or if you don’t really want a lot of money. But I don’t think many of us fall into these categories. So the only really sensible way to go is to generate passive income. It takes work up fron, of course, but when the work is done, the money keeps on coming and coming and coming … Which lads us nicely onto â...
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| It's all about your mentality |
| 2008-12-08 23:49:46 |
Some people have a 'rich' mentality; others (which is most people) either have a 'poor' mentality or a 'comfortable' mentality. You mentality determines your general, habitual level of wealth. Although there might be ups and downs, a person with a poor mentality will generally always be poor. What happens to lottery winners? If they have a poor person's mentality, they're going to loose the cash., so they might be rich for a while, but in the end, they finish up poor again, or even in debt - worse than they were before! I came across a story on MSN that makes the point very well. For me, the most telling quotation is from a study which concluded that 'people who come into a windfall will typically put buying a house as No. 1 in list of 12 choices, while investing is No. 11.' That says it a...
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| Easy Money |
| 2008-12-08 23:49:46 |
I know what we've all been told - If you want to get rich, you’ve got to work hard!But don’t you know people who’ve worked hard all their lives and are still really poor? I’m sure we all know a lot of people like this – maybe you’re one of them. I call them the hard working poor.Does that mean that getting rich doesn’t depend on how hard you work? Well, my answer to that is – yes and no. You see, it all depends on what you mean by ‘work.’This blog is called Effortless Wealth. But you see, Effortlessness is not laziness; it is not inertia; it is not sitting back and doing nothing and expecting all good things to come your way. No, you’ve got to do something. Maybe you’ve got to do a lot. Maybe you’ve got to get up early, keep going all day long and get to bed tired...
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| Don't be evil |
| 2008-05-18 03:58:24 |
photo credit: hartlandmartinGoogle’s motto is ‘don’t be evil’ and the company has built its code of practice around this guiding principle which aims to ensure that everything they do is ‘measured against the highest possible standards of ethical business conduct.’ Many people think that money is somehow tainted, that there is something rather unsavory about it, and that the rich cannot also be the good.src="http://pagead2.googlesyndication.com/pagead/show_ads.js">Of course, there are lots of ways to make money, and many of them are decidedly evil. There are crude and violent ways of making money, like robbing a bank, blackmailing people or running protection rackets. People sell drugs, traffic in people, run prostitution rings and exploit people, usually the weak and vulnerab...
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| Do you want to be rich? Just say yes! |
| 2008-03-27 10:50:46 |
Money isn’t real. If you were on a desert island with a suitcase full of money – I mean millions and millions of dollars – and nothing else, you’d probably starve to death. Your only chance would be to learn, and learn fast, how to keep warm (possibly by burning the money, though that wouldn’t last very long), how to catch your dinner, what kinds of plants you can and can’t eat, how to build a shelter, how to treat your inevitable injuries, and so on and so on. You money wouldn’t help you. You might survive, but I doubt it.The only reason it helps you in your non-desert-island-life is because we live in a big community where everyone has different skills and we trade those skills (sometimes in very indirect and convoluted ways) with the brilliant concept of money.And that’s...
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| Advice for novice investors |
| 2008-03-05 20:21:05 |
Are you new to all this investing stuff? Just trying to learn what it's all about. Here are a few pointers. Don't take them too seriously, they're just bits and bobs I've picked up over the years, though (of course) I think it's pretty valuable stuff!1. Don't visit financial advisers. No less a man than Peter Lynch starts his wonderful book 'One up on Wall Street' with 'Rule number one is: Stop listening to professionals!' They have no better chance that beating the market than any other thoughtful person, AND they are usually trying to sell you something on which they earn commission. Their mediocre advice plus their (often inflated) fees adds up to a mediocre investment, at best. I have NEVER bought a good investment from an adviser. As Lynch points out, you SHOULD take advice from a doc...
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| The Power of Now |
| 2008-03-04 20:48:36 |
It's been a long time since I read Eckhardt Tolle's book, The Power of Now. I've read it several time since I fist found it and I always love reading it again. Tolle's message is very simple and it's a message that's repeated again and again in the work of those who write about the law of attraction. He is saying that 'the now' is all that exists and so we should fully embrace it, immerse ourselves in it and accept it totally.Like so many things, there seems to be a paradox here: how can we be satisfied with the here and now and also be driven to change the future?One of the foundations of the LOA is that you need to feel something before it will manifest. Hence, the importance of feeling good here and now cannot be overstated. In Ask and it is Given, Abraham Hicks says ' when you understa...
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| Eight Traits of Successful poeple |
| 2008-03-03 22:34:09 |
Paul Raymond, entrepreneur, property mogul and lifetime purveyor of pornography, died yesterday at the age of 82. The rights and wrongs of the pornography industry are one thing (which I have no intention of debating) but it has to be said that Raymond’s life is an example of how certain traits, certain ways of thinking about and doing things lead to success.I am not putting Paul Raymond on a pedestal nor suggesting that we should emulate him in every respect. Indeed, Raymond was not universally successful – though he became very rich and successful in his field, his private life was a bit of a mess and from what I’ve read, he did appear to be very happy, living for many years as a recluse. This just goes to underline the fact that money does not lead to happiness – these things ar...
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