WEALTH BUILDING TIPS AND TRENDS

Have you ever been afraid of doing something because it is too risky ? Do you think living with risk is too dangerous to your future ? Truth is, risk is a vital part of getting ahead in life ! What Is Risk Risk is defined as the potential negative impact of any decision you make. There is risk in everything you do or don't do. Life is all about risk. If you decide to be safe and lay in bed all day because life is too risky, think again. You will be risking becoming lazy and obese and be more likely to attract health problems. When investing, if you stick to safe low yielding investments, you will be risking that your money will be worth less in the future due to inflation and taxes. Risk is everywhere and can never be avoided. Managing Risk Now that we understand everything has risk, how do we use risk to make the best future decisions ? Well, this is the tricky part and everyone will be different. Everyone has a different tolerance for risk. Generally, one has ...

Do you think everyone who promotes investments is honest ? Do you think others will always look out for your best interests ? The sad answer in NO, many focus on their own greed first ! Greed Promotes Corruption The sad truth is that wherever there is money there is an influx of greedy individuals looking to capitalize in whatever way they can. This includes shady or downright dishonest individuals that simply do not care who they hurt in order to satisfy their wants. It is human nature that everyone wants more out of life. Everyone will develop different ways to try and achieve this desire and some will choose a life of dishonest or even criminal activities. Luckily the vast majority of individuals are honest, but how do you know which ones are not ? How do you avoid the smooth talking shady individuals ? Beware Promises of Huge Gains The shady individuals tend to play on the prospects' own individual greed. They look for individuals who want to make a fast buck an...

Would you like to get paid right away from an investment you make ? Do you think waiting for a rise in value is the way to become wealthy ? Truth is, Income Investing is the safest and most profitable ! What Is Income Investing The definition of Income Investing is investing in a product that will put money directly in your pocket as soon as you buy. You will not have to wait for some future date when you hope your investment rises in value to cash in and make a profit. Some Income Investments can actually pay you both ways ( money directly in your pocket every month or quarter and profits from Capital Gains once you eventually sell ) Why Is Income Investing Safer Income producing investments are generally much safer investments than those that don't pay regular income. The reason being is that the business you are investing in must be profitable in order that it can pay you cash every month or quarter. Simply put, if it were not profitable, it would not be able to ...

Are you afraid to make a mistake that will ruin your financial life forever ? Do you think the wealthy never make mistakes ? Truth is, mistakes are common but not life changing ! Fear of Trying One of the biggest obstacles to building wealth is the fear of trying something new. In order to grow in any facet of your life you must learn to try new things and to take the odd chance that something new will work out. Of course not all things you try will be successful. However, if you never try, you will never know if something would have worked for you or not. Most people "sit on the fence" so to speak and never take the necessary action to try something new. Don't let that be you. Get Off The Fence  Yes, get off the fence. If you have been thinking of trying something for a while now, ask yourself why you still haven't taken action and given it a try. Your most likely answer will be fear or the lack of knowledge to take the first step. If your answer wa...