Untold Truth About the Rich and the Poor in the Wisdom Age You Must Know to Grow Very Rich

? The rich man is careful in putting his time, energy and money to work in fruitful ways:

The poor sees his profession as the main business whiles the rich knows that job is not same as work. To be in the area of your profession means to be in job or make money via engaging your intelligence, diligence, time and energy and certificate to eke out living. But to be in business means to be at work for you. It is business that yield profits and not salary which is earned income.

The rich man invest his scarce resources intelligently, diligently and strategically to gain acceleration financially ahead of his generation, and roar in voluminous profits over and over again for one shot of investment. This is carefulness, specific planning using "SWOT" and "SMART" techniques at work plus little energy to produce consistent results that impacts on him and his generation to come. The poor man engages himself to climb the corporate ladder, and increases his earnings one step per time until the day either death or retirement hammer land on him. It is important you do not forget in a hurry that corporations are down-sizing these days to up-size profit. If you wait to be hit by this hammer of redundancy, then, it is difficult to begin to learn the "leftist" technique at old age.

It is important not to ignore the wisdom of financial freedom when you still have the time, energy and some resources in your possession. Those who neglected financial intelligence yesterdays are the victims of today down sizing exercises across the corporate entities around the world. Those who carefully invested their time, money and energy strategically at work yesterdays are the ones on the gallery of fortune 500 companies and in Forbes magazines.

What it will cost you to be rich is to dare to dream beyond your actual size and sphere of manipulation. Naturally, the latent energy within you shows up to enhance your skills and size to fit into your real world. To the poor such dream is a sheer fantasy but to the rich the dream is as real as the moonlight shimmering in the sky. The rich develop his sight to perceive gold nugget even its raw state and makes his mind flexible to expand both voluntarily and involuntarily. This is in itself a superman way to conquer anything at all that comes your way.

? They believe that being good servants of their money is more important then buying brands to show off stating with others:

The rich nations of the world spends money to create jobs to absorb millions of unemployed persons and reduce crimes and violence in their societies. But the poor and under-developed nations of the world like African, spends fortune to show off Status to the International Community for instance, Nigeria in Sub-Sahara African, have leaders who spends the tax payers money and the oil rich revenues from crude petroleum sales on buying imported exotic cars, brands and rents apartment across great cities of the world for their mistresses and sends wards abroad for study just to show off affluence. Nothing is wrong with this spending spree only if Nigeria economy is rated among the best and most advanced in the world. The developing Nations of the World like Nigeria need servant leaders to help the people fulfill themselves. Such leaders must be good stewards of the National Treasury to enable the nation join the league of advanced economies of the world. To show off wealth is a choice and to be in business of sustainable development is another. Get rich or die trying 50 CENTS posited in his epic music.

Ritchie Felix is a pen maestro. see: http://linkedin.com/in/ritchie

Why you not RICH (and what to do about it.)

Trading your time for money

If you are like the rest of us have you spent your whole life trading your time for money. You whether you have worked for a wage, working on Commission or working with time, your time trade for money.

This method will have varying degrees of success, but none of them will make you rich.

Investment

A few people do actually get rich through investment, but for most of us this never happens. Oh sure, we can sometimes make a profitable investment, but if we keep investing fairly soon we hit a Wipes loses all our previous gains (and often very or our principal).

Enrich through investing look so easy "paper" but actually do it is almost impossible for all but the most cleverly (luckiest?) of us.

Inheritance money

I do not know about you, but none in my extended family was ever rich or famous. (Poor or perhaps infamous!) Even if you have some long lost relative, who die rich are the chances the money will not be left to you. More likely, there will be many other, closer relatives or charitable organisations (or even the cat) who want to get their hands on the money, which is long before you get any of it!

Let's face it, very few of us ever will get rich by inheritance lots of money.

Win the lottery

I know you have dreamed of winning the lottery. How do I know? Because I have dreamed of winning the lottery also there how! Like you I often buy a lottery ticket. Especially given the pot when really large. Has ever won any money through lottery? No! Never more than enough to buy next month tickets! However, I keep trying and I bet you do too. The truth is that you and I both know that the chances of either of us to win the lottery is so small, no, it is worth thinking about. So believe that you will agree with me that you want to do, I probably get rich by winning the lottery.

Start your own company

There have been more millionaire s created in this country of people who started their own business than by other means. This is without doubt the number one way that a person has the best chance to get rich. It has been true for hundreds of years, and it is still true today.

In fact, it is easier today than ever before in history, thanks to the Internet. The cost of starting your own company in "bricks and mortar" world is prohibitive for most people. Thanks to technology is starting a business on the Internet, however, well within reach for us almost all.

You need actually, even have a product to sell to have your own business on the Internet. You can make almost unlimited money simply by promoting other peoples products as an affiliate. Regardless of whether you promote other peoples products or have you products of your own, start your own Internet business is an excellent way to become rich. Try it, you'll like it!

Paul Hughes
http://www.endlessincome.ws

Two stories about retirement planning

You never know when Personal Finance lessons will come from. Today I heard two stories about the retirement of my family. First, my wife told me that her retirement program at work can be cut. Then I learned that my family in the box company has strange retirement crisis of its own.

Don't count your chickens
Chris come Home disappointed tonight. She has worked for the Government for almost twenty years (eight such as a teacher in high school science) and although she is the proud reinforced work, it is placed in, she Hates how she and her colleagues are often captured by the civilian political battles.

This year, public servants are feeling the pinch again. There are no fewer than eight legislative proposals for modification of the system of public employee retirement of Oregon. In other words, retirement policy, Chris (and colleagues) have been run are about to change, perhaps drastically.

Fortunately, Chris was particles from finished personalities screen saver all his life. It has squirreled away a lot more than the minimum size, so that their retirement was not left to chance. In fact, only a few weeks she proudly announced to me that it is a saving of 30% of its income through various sources. This is impressive. Thus while the proposed cuts in its retirement benefits to their cranky, and while they will hurt their savings rate, they will not respond to her retirement.

What is the moral here? They are ready. at any time you can change your retirement benefits and this is not just public sector employees whose retirement programs may change suddenly. The same may happen with private companies, too.

Note: does not want this post to turn into an argument over public servants and their advantages. Please do not use this forum to launch a debate on whether civil servants are before-or under-compensated Not give figs. Derails and vitriol will be deleted.

Thinking outside the box
My family owns a small company that produces custom fields. In 1995, just before he died, my father created a program for the distribution of profit, so that staff (most of which are members of the family) could have retirement savings, he never did.

Here's how our plan works: every tax season, we have seen the company earned for the previous year. If the flush times, the company would contribute up to 15% of each employee salaries in the distribution of income account. And so if I earned $ 30 000 in 1998, and profits were high, then you can set aside $ 4,500 my retirement account. When times are lean, we set aside anything. Most years are between 0% and 15%.

Shortly after I left my job to blog full-time, business made certain adjustments to the plan for retirement. I am clearly of the data (because it does not participate in the process), but it seems that things have been juggled so that employees can have direct control of their retirement investments. Also, as a side effect, it becomes much easier to withdraw money from the plan for distribution of profit. Which have been made.

In fact, many employees yanked all the money from their retirement to go on trips, buy new cars, etc. (have done so even they suffered 10% early withdrawal penalty and, presumably, had to pay taxes.)

When the company financed the plan for distribution of profit next year, these same officials promptly next money from their accounts — again as 10% of the positive — and spent it.

Solution of the company? They simply stopped financing plan for the allocation of the profits. Now they give employees cash bonuses at the end of the year instead, which averts the 10% penalty. But it hurts folks (like my mother) which were, on average, their retirement plans. And if I was still with the company, this will hurt me.

This is another situation where the existing retirement program has suddenly changed its parameters and is an example of why it is important to take as much control over your personal finances as soon as possible.

The Moral
Remember, folks: nobody cares more about your money than that – and includes your retirement. You've heard all the horror stories about the future of social security, but your other sources of retirement income are subject to change. It is necessary to you to an active role on the subscription in the future.

Here are some steps you can take to make sure, you can save sufficiently for the future:

I'm almost not ask but: whether you heard horror stories about each retirement lately? I know people who have cashed, the accounts worth $ 100,000 to get money at the earliest. This is the common? What other things dumb people do with their retirement savings?

This article is for planning, retirement

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About personal Finance three posters

I am a Sucker for charts and graphs. I went once Edward Tufte-course for kicks. Even if you do not do much with charts and graphs are always around, I admire GRS other job.

For example, last year, when I have shared my guide on the federal budget (and taxes based on monitoring data from the truth) to understand I pointed to Jess Bachman, on a yearly basis, Death and taxes poster that tries to Visualize the entire u.s. federal budget of only six square feet. Bachman's poster is more than 500 programs and units have a proportionate amount of the budget in the form of a poster with the size of each item.

Another company called history Shots creates (and reprints) large charts and graphs on a variety of topics. I own their Race for the Moon-political parties and their history in the timeline. I would like to point out that their Dow Jones Industrial average and the history of the-poster.

And I am mentioning the reason for all this? The company is called investments illustrated send e-mail to day tell me their Big picture chart, which describes the major asset classes (for example, stocks and bonds) returns since 1926. Even if they intend to use this form to display to the detriment of their financial advisers, I covet one yourself.

You do not need to buy these charts to enjoy them. All three of these companies, users can view their posters, the Web browser, which allows you to zoom in and zoom out, scroll around the page, or through.

Not all of them is the economic geek I know. But if you are interested in money and you are interested in charts and graphs, it's a good idea to check them. (and if you know other banners that look like this, tell me!)

This article is about the odds and ends, tools

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