WEALTH BUILDING TIPS AND TRENDS

Are you one that falls prey to a good sales pitch ? Do you think the wealthy ever fall victim to a good pitch or line ? Truth is, even the wealthy are sometimes caught by a smooth talker ! Modern Day Prospectors In the old gold rush days prospectors used to prospect for gold. They used to buy up supplies, picks, shovels and other equipment to help them in the quest for their fortunes. Would you believe me if I said there were more prospectors today than in the gold rush days ?   Chances are that statement is true but in a much different way than in the old days. Modern day prospectors use different tools, even the tools of modern day technology. They use telephone solicitation, door to door solicitation, email spam and even personal contact and relations. I am sure you have had encounters with many of these prospectors already even if you are unaware. The modern day prospector is prospecting for sales for whatever product or service they are selling. Their modern day ...

Do you know what emotion causes investors to lose the most money ? Do you know how to avoid making mistakes based on emotion ? Read on to find out how to profit from Human Emotions ! Two Emotions That Fuel Markets The stock market can be a great place to make a lot of money. It can also be a place that many can lose a lot of money. The reason many lose a lot of money is because of human emotion. There are two emotions that cause individual investors to make the wrong decisions at the wrong times. These two emotions are fear and greed. When stock markets are soaring and everything is going up , up, up every day, people get greedy and keep buying long after they should. Many lose sight that things can and do go down very suddenly. Once the market starts to go down, these same inexperienced investors start to become fearful believing that they could lose everything. This often results in panic selling far beyond what is rational, driving the markets down even further. Fear ...

Do you think the wealthy are in the dark about new trends ? Do you think they are stuck in the past with old ideas ? The answer is no, the truly wealthy are on top of all new trends and developments today ! The Past Is History Many ideas and good investments of the past may no longer be relevant today. The time for buying a good investment and holding it forever is slowly fading away. This is because the past is history and the pace of everyday life today is increasing at an alarming rate. People are no longer satisfied with things the way they were, at least not in the developed countries of the world. If you don't believe me just look at the cell phone industry for example. It seems like almost weekly there are announcements of new hardware, software and most commonly new apps. Would you invest in a typewriter company today if one even existed ? If you don't know what a typewriter is, then my point is proven. Look it up on Wikipedia. Even companies that used to ...

Would you like to make 1000% or more returns on your Real Estate ? Do you think these types of returns are even possible ? Truth is they are and it's not that hard ! Defining Returns First let's determine what a return on investment (ROI) really is. This is a term that you hear all the time but many have no clue of it's real meaning. Would you believe me if I told you I have made infinite returns on my Real Estate investments? Probably not, but I have. Let me explain. ROI or Return on Investment is defined as the amount of profit divided by the amount of money invested expressed as a percentage. For example if you made $1,000.00 on a $10,000.00 investment, your ROI would be 10%.  Now let us suppose you made that same $1,000.00 without investing any money of your own. Any number divided by zero gives you infinity. In this case your ROI would be infinite. How To Invest Zero It is all in your perception, but Real Estate promoters advertise all the time about i...

Do you waste a lot of your time doing non productive things ? Do you get caught up in today's many distractions ? Many do, but you must try to limit these distractions ! Time Distractions Time is something that once it is gone you will never get back. We all have only so much time in a day and week to accomplish our goals and dreams. How you spend your time is vital to your future success. I am sure you have all heard of the latest craze Candy Crush Saga, the mobile game app that is catching the world by storm. This is a great product for the developers and the mobile phone companies. It is estimated to rake in over $600,000.00 per day each and every day. I wish I had a piece of that income stream. This is an example of the latest in the many of today's distractions. My prediction is, because there is so much money to be made, we will see many more of these types of distractions in the future. Focus Your Time   In order to limit the many distractions we much l...