We live today in an age of inflated money- where every necessity and luxury costs us more each year. To live well, we need a larger income. For many, running harder and faster in the rat race of a 'job' yields that bigger paycheck. At some state whilst jogging the marathon of life, one comes to the realisation that running harder for someone else means we are making them richer and only wearing ourselves down. We stop. We think....more
Network marketing is experiencing tremendous growth in the business arena today. Many more companies are benefiting from the networking systems used to get product to the consumer. In fact, individuals are reaping the rewards in this business drawing greater attention to the amazing income potential and lifestyle rewards in running a network marketing business.There are still many qualms about the network marketing industry. Misconceptions...more
When the typical new business operator starts a business, they concentrate on making the business succeed. That is necessary but not the only thing that a business operator should concentrate on. A business depends on cash flow to exist and grow, so business operators would do their business a good turn by looking at sources of cash flow provided by the Government.We are talking about the taxation authorities such as Inland Revenue Department in New Zealand (IRD), the Australian Taxation Office in Australia (ATO) and Inland Revenue in the United Kingdom and the Inland Revenue Service in the USA (IRS). All of these taxation administrations, along with those in Canada and South Africa for example, have both income tax and goods and services tax (GST) or value added tax (VAT) that present opportunities for refunds when a business' expenses exceed its income in the early stages of its life.Initially, the start-up capital may come from savings, family and friends and salaried employment. The last source of finance - salaried income - means that the business operator still works full-time for a salary and part-time on their business. This presents particular opportunities to...more
What is the number one way to prevent failure in business? Take a minute to really think about your answer. What comes to mind? Increasing patients or customers served? Effective marketing? Location, location, location? Improving patient or customer care? Being the best in your industry? Although these are all essential aspects of...more
There can't be many traders who haven't at least considered the idea of telling the boss what they think of him, throwing it all in and going off to trade the stock market for a living. It's a big risk financially, and that uncertainty is what stops most from jumping ship. Is it really possible to trade for a living?The DreamYou know...more
In part 1 of this article I started to look at the financial implications of giving up the day job to instead start trading full time for a living. There are more than just monetary considerations as we will see later, but for now, there are some more costs to ponder.More Costs!Let's move on to equipment. Presumably you already have a PC and internet connection by virtue of the fact you are reading this on the internet. But are these both up to the job of trading full time? Again the specifications for both hardware and ISP will depend largely on your trading style, but if you're relying on a 100Mhz Pentium II and a dial up service, you're setting yourself up for failure. So budget for quality equipment, budget to keep it up to spec, and budget for some repairs too - expect the unexpected. Many traders make the mistake of saying "This will do me whilst I start out, and I'll get something better when I make some real money". This is quite simply false economy, you are unlikely to ever make real money with a substandard setup (and this applies equally to substandard software and data feeds). This is a cut-throat business and 95% fail, you must give yourself every...more
Recently, my family and I took a trip to Maine to visit relatives. During our stay, we toured the rocky shore lines and took in the beautiful architecture of the old towns.One sunny morning, three generations of Wardlaws boarded a lobster boat and...more
OK, so you are up to your head in debt. You are stressed out, it is now affecting the way you function and absorbing most of your daily thoughts. You have no idea what to do. OK, first things first. Take a step back and try and look at things...more
Morningstar now provides Fiduciary Grades on mutual funds. How does Morningstar determine these grades? How can mutual fund investors use these grades to better manage their portfolios?Mutual fund investors use Morningstar Rating as a sign post of...more
Putting a piece of paper in a file folder is easy; finding it again is the hard part. There are ways to make your files easier to use and your papers easier to find. Invest in a sturdy, four or five-drawer file cabinet. Spend the extra money it takes...more
One of the hardest things for most individuals working from home is to stay focused. One of the best ways to stay focused is organization. In addition, being organized will help your time management skills. The two are very much intertwined. Planning...more
Every day we get emails and telephone calls from people who want to get started in Real Estate. We hear, I am just checking out your program. Or, I've been researching for the past six months to try and find a program. While researching and...more