Archive for August, 2008

The Automatic Wealth Building Habit



Can you really build wealth automatically?

The answer is yes…you just need to acquire a new wealth building habit.

You are going to love this habit because you do not even have to remember it….a banking computer remembers the habit for you! How is that possible? Read on and you will soon see.

Here is how the automatic wealth building habit works. It is based on the miracle of compounding interest and the amazing banking technology that is available to virtually all of us today.

Step 1

If you do not have a bank account with “Bill Pay” go to a bank that has it and open a new account. Ask them how many checks can be sent per month, can it be managed via the internet, what are the costs. Many banks now offer this service for free as a promotion to get more customers.

Step 2

Decide who it is that you want to help build wealth. Yourself, your child, a grandchild, or even a friend. This habit also works for building spiritual wealth…more on that later.

Step 3

After you open the account you now have the ability to select any amount of money that you want sent to any person or organization and at almost any time interval. Some banks even offer an unlimited amount of bills that can be sent. The banks will then mail checks at regular intervals to the people or organizations you have designated…you do not have to do anything.

The real power of this habit is that you are not going to be sending bills in most cases…you will be sending wealth building payments….automatically!

OK, before we get to step 4 let’s look at the amazing power of compounding interest to see how much wealth can be built over time with this habit.

Here is an example of how much wealth you could build by having your billpay send just $50 per month into an account (mutual fund, IRA, etc) that has a 5% yield.

1 Year = $615

5 Years = $3,400

10 Years = $7,764

25 years = $29,775

You can learn more about compounding interest by doing a Google search on the internet. Obviously the amount of wealth you can build varies with the amounts and frequency of bill payments sent to your wealth building accounts and your rate of interest.

This is where research can help you, it is beyond the scope of this article to show you all the amazing possibilities that exist.

The beauty of the bill pay system is that it is very easy to adjust your recurring amounts up or down based on your current financial situation. As an example, you could set up your bill pay to send $12.50 each week into an account (Equals $50 per month) or change it to $15 per week for a few weeks and then back down to $12.50 at a later time. You decide exactly who gets the money, how much, and how often….you have complete control at all times. It is amazing wealth building power.

Step 4

Now it is time to set up your automatic wealth building habit using your banks billpay system. Get the address of the person or organization you want the money sent to including the account number. Go online and set up a new account with this information. Set frequency and amounts. Note: I have been doing this since 1992 and have multiple accounts (Charities, IRA’s etc) that have received money from me every month for 14 years and I have never written or signed a single check! I know from personal experience that the system works and I have never had any problems.

You can get very creative with how you build wealth and who you help build wealth.

* Set up an automatic bill pay to fund a child’s college education. There are many states that have plans that start with low monthly fees when the child is born or still young.

* Set up an automatic bill pay to fund a child’s savings account, just have the money be sent to the child’s bank with their account number listed on the check memo “Deposit to account ######”

* Set up an automatic bill pay to send a charity a payment every week. Remember that I said earlier that this habit can help you build spiritual wealth? If your church receives an automatic charity payment every week you are helping to support your church every week, even when you miss a Sunday service.

* Set up an automatic bill pay to send money to someone in need.

* Set up your bill pay to actually pay bills that you have paid late in the past….you may be able to save enough in prevented late fees to fund your wealth building payments!

The possibilities are endless…..you just need to take action and make it happen!



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Posted on August 31st, 2008 by admin  |  No Comments »

Credit Cards A Powerful Wealth Tool



In fact, when used properly, credit cards are a very powerful wealth-building tool! I use credit cards for every single possible purchase.

By using credit cards you get…

1) A two-months interest free loan

When you buy a product using your credit card, you will only be billed for it at the end of the month. You are then given another month to make payment. So, if you pay off your total bill, you would have effectively gotten a two-month interest free loan.

2) Bonus points and dollars

Each purchase you make on your credit card(s) will earn you bonus points which you can use to redeem for free products and services like extra flyer -miles and dining vouchers, saving you even more money.

3) A monthly statement that tracks and consolidates all your expenses

At the end of every month, the credit card company will tabulate for you the total expenses for the month, making it easy for you to track your total expenditure. So it becomes a free money management tool.

However, you MUST ALWAYS PAY THE OUTSTANDING BALANCE when you pay the full balance every month. This way, the bank does not earn a cent off you, but you get the three great wealth building services mentioned above. This is what I do and that is why my bankers **** me.

So why do banks go all out, giving freebies and spend millions of dollars in advertising to hook you on using their card? They know that there are many consumers out there who just pay the minimum sum every month (about 3% of the total debt you owe), because it is so tempting. What’s worse is that many credit card owners don’t even pay their minimum sum on time because of a cash crunch or because they plain forgot.

The moment you pay only the minimum sum and allow your outstanding balance to roll, you become the bank’s best friend. This is when they will make a killing off you! Why? This is because banks charge a 2% per month interest on your outstanding sum. This may seem small, but again, that’s 24% interest a year. Just how much interest does this add up to? Let’s do the sums…

Question: Imagine if you had an outstanding balance of $2,000 on your credit card statement, and you just pay the minimum sum of $60, how long will it take for you to pay off the while balance? (this is only assuming you do not charge a single dollar more).

The shocking answer: It will take you 4.5 years! You would have paid a total of $3,300, that’s $1,300 in interest. In other words, you would pay an actual interest rate of 65% off your balance.

So when used properly credit cards can greatly assist you in creating wealth or it can destroy you if abused.



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Posted on August 31st, 2008 by admin  |  No Comments »

Revolutionary New Wealth Building Strategies Online



The internet is indeed a strange and wonderful place - especially if you are making a living online. The rules are constantly changing. This is both challenging and exciting. To the lazy marketer this spells trouble, but to the enthusiastic hard working marketer this spells opportunity. The fact that the wealth building strategies online is changing constantly it means that opportunities are consistently opening up - especially to newbies looking to establish themselves in the global marketplace.

The early nineties saw an explosion in affiliate marketing and many people made a fortune promoting products online. From this era emerged a generation of so-called gurus that in turn made their money sharing their secrets to building wealth online. These formulas, although they worked very well are fast becoming obsolete and ineffective. To make it in this highly competitive online marketplace you have to stay on top of your game and tap into some of the new and highly effective wealth building strategies online.

The sheer amount of newsletters, courses and special reports are just not having the same impact anymore. I don’t know about you, but I’ve been exposed to enough ’secrets’ for one lifetime.

The age of the online guru is over. There is a new trend that is emerging and it originated with a few authentic marketers who make real money promoting and selling real products - as opposed to the common ‘guru trend’ of selling people dreams and tactics that don’t really work for the ordinary guy without ‘guru status’.

I call this new breed of affiliate marketers The Renegades. By definition a renegade is someone who abandons previous loyalties and accepted beliefs. These new Renegade Marketers are willing to ’spill the beans’ and shatter some of the accepted beliefs about creating wealth online. They don’t hold on to ‘proper’ JV principles or keeping so-called secrets, but they instead have a genuine desire to help ordinary people create financial freedom online.

With these new wealth building strategies online success is once again available to all - the playing field is once again leveling out and the strategies that some of the gurus guarded or sold for a fortune is now available through the work of some of these renegade marketers who make it practical and accessible for all to benefit from.

Some of these new strategies are so simple, it almost seem ridiculous how easy it is to make money online. Ironically, this is one of the major challenge that startup affiliates face. They tend to think that making money online must be hard and tough and that you have to be extremely experienced or skilled to ‘make it’. Nothing could be further from the truth. Whereas it requires hard work, making money should be fun and easy and doing it online offers both these opportunities.

There will always be a place for building lists and developing big websites, but this is by no means the future for the little guy wanting to quit his day job. With these new wealth building strategies a new field of possibilities are up for grabs and with the internet as a global marketplace expanding, it will only get better for all of us. The best part of these new strategies is that it’s not rooted in ‘quick-fix top-hat style tricks’, but that it is based on sound marketing principles and simply taps in on some of the much overlooked aspects and potential of creating wealth online. Some of these marketers are even taking these online strategies offline and are making an absolute fortune in a virtually untapped market.

We are once again in a very interesting transition in internet marketing and building wealth online. The fact remains that there is more than enough opportunities to go around for everyone. Pay the price and success is yours. No one will hand it to you on a silver spoon, but you don’t have to kill yourself either. Leverage your efforts with specialized knowledge and get in as soon as possible.



Build Wealth!

Posted on August 11th, 2008 by admin  |  No Comments »

Building Wealth Quickly – a 3 Step Method Anyone Can Use



Anyone can build wealth but most people don’t, they simply sit back and dream because they have no plan – here we are going to give you a plan - anyone can follow and anyone can build wealth with.

1. Why This Business Is Applicable To Anyone

Firstly, everything about the following business can be learned, by those willing to put in the time and effort to do so. You don’t need a college education and you don’t need to spend months or years learning this business.

You can master it in just a few weeks and then you’re all set to start building wealth.

The reason this business is excellent for wealth building is you get to use:

2. The Power of Leverage

Most people who want to make money fast and build wealth don’t have much to start with and need some help -If you really want to get rich quick, you need to leverage your money.

Leverage simply means making your money work harder by investing more than you have and here is an example:

Deposit $1,000 into an account with a broker and they will immediately allow you to trade $200,000 ( 200 ;1 leverage 200 x 1,000 ) no questions asked and this leverage comes as standard.

Of course you will need to be careful to control risk, but if can cut losses and run profits you can build wealth quickly.

So what is the best place to leverage your money?

3. The Vehicle

The global currency markets are one of the best ways to build wealth quickly and it doesn’t matter if you don’t have much money or have ever traded before.

People can and do make money fast and everything about trading can be specifically learned, as the following example will graphically illustrate:

In 1983 legendary trader Richard Dennis, taught 14 people with no previous trading experience to trade - in just two weeks.

The result of the experiment was: These traders made him $100 million!

Dennis did the experiment, to prove that anyone can learn to trade and he was proved right - as all the traders made big gains and many are still trading today.

Currency trading is available to all and anyone can learn it as we have said – now lets look at some of the

other benefits

- You can trade in under an hour a day

- You can open an account with just a few hundred dollars

- You only need an internet connection and computer

- You can take holidays and breaks when you want

- You can leverage your cash

So how do you get started?

The best way is to simply learn about forex charts and technical analysis.

This is easy to learn - if you can read a graph and spot repetitive chart patterns, then your all set.

The fact is, if you look at any chart - currencies trend in one direction or another and by locking into these trends, you can trade them for profit.

You are simply looking for repetitive chart patterns and you can learn to do this quite quickly.

Is there a hard part?

Yes - you need to be able to trade with rigid discipline and apply your system non emotionally even when you lose – but if you have a burning desire to succeed, you will generally do anything you need to and this involves trading to a plan and being disciplined.

Currency trading is:

Easy to learn, anyone can do it with the desire to succeed, you don’t need much money and you can leverage what you have for huge gains.

Currency trading is the perfect investment to build wealth quickly and if you take a closer look at it you maybe glad you did - it could change your financial future forever.



Build Wealth!

Posted on August 10th, 2008 by admin  |  No Comments »

Wealth Building – Building Long Term Wealth With Low Risk



If you are investing to build wealth you need to not just get high returns but the highest returns you can with low risk.

Wealth Building is all about balancing the risk to reward and take advantage of compound growth.

Here is a proven method to build wealth with low risk.

We all know property is a good solid long term investment, but it can be expensive and gains solid but not spectacular.

There are however many overseas property destinations that offer lower costs and much bigger profit potential all with low risk.

A good example is Costa Rica.

Just 2 hours away Americans and other foreign investors are buying and making big gains, for example:

An investor who bought a property just 15 years ago in Jaco on the pacific coast has seen it rise in value to nearly $800,000 today.

While investing in property in Costa Rica can produce great capital gains, it also gives you something more – a valuable income.

You can of course let the property out, or you can use it as a holiday home.

Buying property in Costa Rica is the perfect way to build long term wealth.

Low risk and high capital gains potential

You have better capital growth potential than most investments and downside volatility is low, allowing you to compound your money quickly.

You can also enjoy this investment if you want to as well.

Can you still make big gains in Costa Rica property?

The answer is yes.

With beach front property up to 70% less than in the US and Costa Rica just a two hour flight away, more Americans are looking at Costa Rica for second homes and retirement.

The key is buying the right location

If you are buying property in Costa Rica you need to keep an eye on new developments and infrastructure and buy near them – when they are completed of course the value of nearby property will rise.

There are plenty of specialist Realtors to help you pick the best properties in view of, your budget and investment aims.

The buying process is simple and tax efficient

The buying process is straightforward and Costa Rica encourages foreign buyers.

You get the same rights as residents and your investment is very tax efficient.

Add up the benefits

And you have a great vehicle for capital gains and at the same time get low risk.

Add in the possibility of using it for your pleasure and the opportunity to gain a valuable extra income from renting your property out and you have the perfect vehicle to pursue longer term capital gains and build wealth.



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Posted on August 8th, 2008 by admin  |  No Comments »

Make Money Fast – a Simple Easy to Understand Method for Wealth Building



If you have an ability to learn and a bit of seed capital then this method has worked for centuries and will continue to work and can produce 100% or more per annum.

It’s simple to understand and apply, so here is your method to make money fast.

If you have ever invested you will be familiar with the phrase buy low and sell high as an accepted way to build wealth. It’s an accepted wisdom but it’s completely WRONG!

This is reflected in the fact that most investors lose or make mediocre gains. If you look at any investment chart, you will see that the biggest moves in any investment start from new market highs - NOT market lows.

So what?

Well think about it in a bit more detail.

If the big moves start from new market highs, then all the investors wanting to buy low and sell high won’t buy a high – they will wait for a pullback, to get in at a better price and of course, if you look at the big moves they DON’T Pull back and these traders miss them.

What they are taught tells them not to buy a high price and to wait for a lower price, however if you think about it “buy high sell higher” is the real way to make money. Most people can’t do this and it takes courage to buy a market at a high but it is a simple way to make money.

So how do you do it?

If you can read a graph you can trade breakouts.

All you do is watch areas of resistance that have been tested a few times and are considered significant by the market - when the level is broken, you buy and go with the move – it’s simple and highly profitable.

The odds favour a continuation of the trend once a significant resistance level is broken.

These moves don’t come often!

But when they do they can make huge gains.

They occur in all free markets, from currencies to commodities to stocks. You have to be patient and wait for them but when they do come, they will be the biggest moves of the year.

It’s Timeless

Human nature is rooted in the mindset of buying “low selling high” and despite the fact it doesn’t work ( remember 95% of investors lose ) most investors believe it and still fail to make money.

So remember - if you want to get rich and make money fast think “buy high sell higher” and forget “buy low sell high” it’s a proven strategy to build wealth and make money fast!



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Posted on August 4th, 2008 by admin  |  No Comments »

Best Online Business – a Way to Build Wealth That’s Open to Anyone



The business outlined here takes just a few hundred dollars to set up and has the potential to make money fast in less than an hour a day and can be learned by anyone. It’s the best online business for profits so let’s look at it.

The business is becoming a currency trader from home – Before You say I couldn’t do that - check out the advantages below and you will soon change your mind:

• Work from home and build wealth in less than an hour a day.

• You can take breaks whenever you want.

• The business can be learned by anyone.

• All you need is a computer and an internet connection.

• No expensive staff, stock, premises or marketing overheads are low.

• There is never a recession and profit potential everyday

• You can get started with around $500.00

• You can get leverage on your deposit to increase wealth building potential.

If for example you deposit $1,000 your broker will give you leverage of 100:1 or more allowing you to trade $100,000! This money to leverage is granted to you as soon as you open your account, no other checks or criteria are made

It is this opportunity to leverage your money that makes this a unique wealth building opportunity and gives you the opportunity to make money fast.

Leverage can of course work for or against you.

The key to success is to employ strict risk control to keep losses small and run the big profits – more of this key point later but you may be asking yourself:

Can anyone really learn to trade?

The answer is yes, everything about trading can be specifically learned by anyone with desire to do so and the story below will illustrate the potential.

14 Days to Successful Trading

In 1983 legendary trader Richard Dennis set out to prove this point with a unique experiment.

He got a group of people from all walks of life who had never traded before, were all ages and taught them a specific trading method in just 14 days - he then sent them to trade their own accounts.

The Result?

They made Dennis $100 million dollars and went on to become some of the most famous traders of all time with many still trading today.

How to Do it

The fact is anyone can learn how to trade. If you have a burning desire to succeed, a willingness to learn the right knowledge and want to change your financial future then you can achieve success with this business.

The fact is that all currencies trend and move in the same direction for sustained periods of time. If you can lock into these profits you can pile up huge profits.

The way to do this is to use forex charts and act upon repetitive price patterns, that are easy to spot with a little practice and combine this with strict risk control, to restrict losses and run profits – if you do this you can build big profits over time.

If you put leverage to work you can truly achieve spectacular gains – all you need to do is learn methods that are open to anyone.

Forex trading is the ultimate way to make money from the free world market and for those who take up the challenge, the rewards are financial freedom and the opportunity to build wealth that you have only dreamed about.



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Posted on August 1st, 2008 by admin  |  No Comments »