 |
Further
Reading ...
|
|
Practical Nine-Step Guide to Max Productivity - Catherine Franz
Step 1: List all the business activities that you complete (regularly or not). Examples: phone calls, meetings, paperwork, projects, sales, follow-up procedures, writing, learning/researching, web site design, delivering core services (substitute...
How To Write E-mail Messages For Phenomenal Results - Ewen Chia
Would you be interested in getting 10 times better results from your current e-mail marketing campaigns? While the above is a hypothetical figure, it sure got your attention didn’t it… Though most successful marketers use e-mail marketing as an...
Achieving Lift Off - Allan Wilson
ACHIEVING LIFT OFF!! The Hardest Part Is Getting Started Written by Allan Wilson The theme and the name for this article was taken from a story someone told me about space travel. You see when it comes to getting a rocket into space the hardest...
10 Tips for Avoiding ID Theft and Credit Fraud - Eve Abbott the Organizer Extraordinaire
10 Tips for AVOIDING ID THEFT AND CREDIT FRAUD Article excerpted from the new book, “How to Do Space Age Work with a Stone Age Brain” TM copyright 2004, all rights reserved, by Eve Abbott, the Organizer Extraordinaire Each year billions of dollars...
|
|
|
How To Get Rich and Stay Rich
|
 |
Written By:
Jelani Khalfani
|
|
|
How to Get Rich and Stay Rich
Here are 10 strategies that are used by wealthy individuals to get and accumulate wealth. Use one or all to help yourself become rich.
1. Weigh every purchase based on a cost/benefit analysis. As fanatic savers, the affluent constantly look for ways to reduce expenses and avoid spending money on high-ticket items that have little value or are merely status symbols. For the rich, few items, are purchased without a great deal of thought. While they have no problem spending big on homes, vacations and their children’s educations, they are tightfisted about almost everything else. They always think in terms of alternatives. When shopping for cars, for example, the affluent look at models that cost $60,000 and those that cost $10,000. Then, they may decide they can get most desired features for just $25,000.
2. Put discretionary money to work. There’s one thing that those who never have any money have in common-when they have discretionary money, they treat it as if it were a blessing. They usually spend it on merchandise that brings only temporary satisfaction. When the rich come into money, they save it. They understand the importance of allowing money to grow in order to keep pace with inflation. They also understand how easy it is to lose money, and they dread tha possibility.
3. Prefund life’s big expenses, such as a college education.
4. Pay down your mortgage.
5. Participate in your company’s 401k program if - continued below ...
|
|
|
continued ...
it has one.
6. Sign up for a monthly automatic transfer from your bank account to a mutual fund.
7. Buy a cash-value life insurance policy to force yourself to build up some assets.
8. Take out a bank loan to make an investment.
9. Don’t borrow money to pay for assets that have little or no value.
10. Figure out how much money you need to get from here to there.
Strategy:
*Determine how much money you spend each year.
*Calculate how much income you’ll need each year-before taxes-to equal this sum. Subtract from the total the amount you’ll receive each year from social security and retirement funds, since they are virtually guaranteed.
*the result will be the amount you’ll have to make up in investment income.
*compute how much capital invested at 7% is necessary to produce the required taxable income.
About The Author:
Jelani Khalfani Will Personally Build A Money Making Website Just For You That's 100% Ready To Take Orders And Pull In Massive Residual Profits. Get Details And Signup Today At:
http://www.PlugInProfitSite.com/main-7249
About the Author
Jelani Khalfani Will Personally Build A Money Making Website Just For You That's 100% Ready To Take Orders And Pull In Massive Residual Profits. Get Details And Signup Today At:
http://www.PlugInProfitSite.com/main-7249
|
|
|
|
 |
|
|
| _Additional Resources ... |
|
Achieving financial freedom with Network Marketing on The Internet - Part 18 - Tasos Vasilopoulos
Achieving financial freedom with Network Marketing on The Internet By Tasos Vasilopoulos Part 18 - Time to take action – The “Follow-up” method Introduction This article makes part of a series of 20 articles. The subject of this series is the...
Build Your Business Success one Step at a Time - Michel Richer
You want to be rich fast ! You want to grow your business in one month ! Think again ! Even the most dynamic, highest-earning entrepreneurs in the industry took MONTHS to begin seeing an income of any real significance. And the real wealth, the...
Is getting a personal loan with bad credit impossible? Think again - James Taylor
A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive. Any requests for personal loans by people with a bad credit history are generally declined. They are charged an extravagantly high...
|
|
|
|
|
|
|
|
|
|
