Jan 13 2008

Recession Investing: Where to Invest When the Market is Going Down.

It isn’t a secret that the overall economy is entering into a rough patch. The declining housing market, poor retail sales, and overall debt are breaking the back of the economic machine that is the U S of A. As an investor, what can you do to protect your wealth during these hard times? First, let us look at how a few sectors did in 2007: Read More

Jan 7 2008

The Leverage to Become Wealthy. Believing In Yourself to Achieve the Impossible.

You know I once asked a very wealthy VP of a Fortune 500 company what inspired him to be wealthy and his answer shocked me. “Money is a game and the man with the most notches on his belt wins.” This threw me back. I was in my late teens and wanted to become financially free because I never grew up with much to begin with. And when I mean nothing much, I mean zero. Yet after hearing this person tell me his response to his wealth plan, I looked deeper at him and frankly, he didn’t seem all that happy and the sense of incongruence in his life was apparent. He was out of shape and had a look in his eyes of anger. I could tell that he had crawled over many bodies to get to where he got. At that moment, I thought being financially wealthy took putting yourself first and tramping over people. It also meant that being wealthy meant putting the love of money ahead of everything. It was a conflicting time and made me reevaluate my views on money. Read More

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Jan 5 2008

How to Become a Millionaire! Steps in Achieving Financial Wealth.

So you want to become a millionaire? You’ve always had the desire to be financially secure but the task seems simply overwhelming. There are a few ways in becoming extremely rich. One of them includes being born into wealth and chances are, this may not be you. Plus, you don’t have much of a say in who your parents are! Another way is to invest and save your way into financial success. Many people never even start on the road to financial security because they view the entire process as time consuming and way too complicated when in fact, it is rather straightforward and requires discipline. The way to become wealthy is to save enough and invest wisely so your investment will compound overtime. Compounding is touted as a thing of wonder even for people such as Albert Einstein. Read More

Jan 3 2008

401(k) Investing and Retirement Planning: How to Plan for Your Future

There is a shocking statistics that 1 out of every 5 American households has a net worth of zero. Think about that for a second. The world’s most prosperous nation and 20 percent of households do not have a penny to their name when liabilities are subtracted from assets. The median net worth for families in the U.S. is approximately $90,000. This was taken before the recent housing downturn where many Americans store their wealth. It is important to plan for retirement if one has not done so. The younger you are, the more likely you are that Social Security will not be there for you. If you are already nearing retirement and have very little saved up, it is time to step it up. Read More

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