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Showing posts from December, 2012

How to Get Rich - Pause and Reflect

Are you happy with where you are today ? Are you satisfied that you have done all that you can do to better yourself ? Chances are you have not consciously thought too much of the above ! Take a Pause  During the seasonal holidays is a good time to take stock so to speak. This is a time that there is a natural pause in your everyday busy life. This makes for an excellent time to take a pause and have a good hard look at where you stand today. Take a look backwards in time and write down everything that you have accomplished in your life. Hopefully there are a few things on your list that make you proud and give you a good feeling inside. It is very important to stop and give yourself a good pat on the back so to speak. There is nothing wrong with taking pride in your past achievements as long as you don't go overboard with the celebration. In other words it is better to keep your celebration more inwards than outwards if you want to keep your friends. Modesty is the bes

How to Get Rich - Learn the Top Real Estate Rule

Do you know the most important Real Estate rule ? Do you think the rich neglect to use this rule ? Chances are you probably don't and no they never neglect this rule ! Number One Rule  The number one rule for buying real estate is not how much you pay or how much you can charge for rent, although these are very important too. The number one factor to consider when buying any Real Estate is location. Whether you are buying your personal residence or an income property, location should always be the number one factor to consider. The reason is actually quite simple. Location is pretty much the only thing that you cannot change. You can renovate this or renovate that in order to increase your rent or the value of the asset. But if you buy a property in a bad area, there will be nothing you can do to increase your value. You will be stuck with it and chances are you will lose money. How to Avoid the Mistake Many newcomers to Real Estate investing do make the mistake of b

How to Get Rich - Embrace the PSY Effect

Have you ever heard of the Korean rapper PSY ? Do you know of his big Youtube hit "Gangnam Style" ? Unless you live on another planet you probably answered YES ! World Sensationalism Several months ago hardly anyone had ever heard of this group. However, thanks to the extreme power of Youtube, they are now a household word.  Even more, you see their dance moves everywhere. This kind of worldwide stardom can now happen to anyone at anytime. I have seen the strangest things on Youtube with millions of views. It demonstrates what a great world of opportunity we live in today. How Does it Make You Rich Directly, it doesn't obviously. However, you can use this example of extreme success as a beacon for your future efforts. You can look at this real life example and know that absolutely anything is possible in the world we live in today. Whenever you get discouraged or frustrated with what you are trying to achieve, think of this example. I personally have watch

How to Get Rich - Become a Santa Grinch

Do you enjoy the sense of giving during the holidays ? Do you enjoy going into huge debt over the holidays ? If you are like most your answers would be yes and then no ! Marketing Mania The holiday shopping season is the time of year that will either make or break many retail organizations. It is no wonder then that there is an absolute media blitz at this time of year. All of these retailers are fighting to grab your holiday shopping cash before their competition does. Between Black Friday and now Cyber Monday, it's doubtful whether anyone will possibly be able to stay out of debt this holiday season. I realize this post may be a little late for some this year, but hey there's always next year right ?  Sorry, but I wasn't thinking because I leave my shopping until the very last moment. What the ?!@% is a Santa Grinch ?  Basically what I call a Santa Grinch is a shopper that gives like Santa but spends like the Grinch. In other words give reasonable gifts that

How to Get Rich - Avoid the Herd Mentality

Do you feel comfortable in a crowd ? Do you feel safe from danger if you stay with the masses ? When it comes to investing, you must learn to stand out ! The Herd Effect The herd effect is basically what happens when most investors go with the flow so to speak. They pattern their buy and sell decisions based on what is popular with all of the analysts and financial planners. The problem with following this advise blindly is that the average investor has absolutely no idea why they are buying or selling at any particular time. Even scarier, some don't even have a clue what they are investing in. They are following the crowd because it seems like a safe way to go. But is it really as safe as they think ? My answer is no, it is not as safe as they think. How can it possibly be safe if you don't understand what you are investing in and why ? Learn Before you Leap Would it not make sense for you to learn as much about an investment before you invest your hard earned