Wealth Building Articles

Finance » Wealth Building | By Adam Khoo @ Wednesday, 17th October 2007 @ 12:40 AM

Let me give you an example of how I lost a potential $4,900 a day when I first started out in the training business by spending too much of my time on the wrong sort of work. Like every small start-up business person, I was a one-man show. Naturally, I had to do everything myself. I had to write proposals to clients, make cold calls, do sales presentations, conduct the training itself, prepare logistics, prepare training materials, do administration and finally, manage the financial accou... more...

Finance » Wealth Building | By Adam Khoo @ Tuesday, 16th October 2007 @ 11:59 PM

How do you achieve excellence in any area within a short period of time? The key is through modeling. Modeling is the technique of finding role models who are the best in their field and then studying and distilling the mental models and strategies that make them the best in what they do. By learning and applying their strategies, you will be able to produce the same phenomenal results they do, or maybe even better. While the role model may have taken thirty years of trial and error to find the ... more...

Finance » Wealth Building | By Adam Khoo @ Tuesday, 16th October 2007 @ 11:58 PM

So with all these money multiplication strategies, where should you put your hard earned savings? How should you allocate your funds to generate maximum gains yet minimize your risks? I am sure you have heard of the term 'don't put all your eggs in one basket.' Even though you are going to learn how to achieve minimum risk & maximum returns in each basket, it is still wise to allocate your funds into different instruments with different targeted holding periods. In times of... more...

Finance » Wealth Building | By Adam Khoo @ Tuesday, 16th October 2007 @ 11:56 PM

Some individuals do obtain and come into contact with wealth at a certain point in their lives. Unfortunately, most people tend to be mistaken in their attitudes of being wealthy. Instead of using and building up what they have to their advantage, most of them tend to lose what they have acquired. Here are some examples that fall under the following categories. 1) The False Rich These are usually made up of professionals and corporate executives who earn a high income, but who s... more...

Finance » Wealth Building | By Adam Khoo @ Tuesday, 16th October 2007 @ 3:50 PM

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 point... more...

Finance » Wealth Building | By Adam Khoo @ Tuesday, 16th October 2007 @ 3:49 PM

Well it's time to study the expense column very closely and identify where you can cut your expenses. You will be surprised to know that we can easily do without between 20-30% of our monthly expenses. 1) Study Your Monthly Expenses "Dispensable expenses" are stuff we buy on impulse to get a ten-minute gratification, and after that it would not make much difference to our lives. Or in browsing through glossy flyers and advertisements, we get attracted to special off... more...

Finance » Wealth Building | By James Woolley @ Tuesday, 16th October 2007 @ 1:54 PM

If someone were to ask you how to build wealth, you could probably think of numerous ways to achieve this, but the simplest way is by simply making full use of your talents. Sure you can make money through property and stocks, but not everyone has the skills needed to successfully invest in these areas, plus they both require you to have a decent amount of money to invest in the first place. The route most people go down from a very early age, is obviously education and learning ne... more...

Finance » Wealth Building | By Ed Lathrop @ Monday, 8th October 2007 @ 11:55 PM

Everyone knows that it is possible to work and make money. Usually, the more we work, the more we earn. Let's look at some ways we have to let the power of leverage return more to us even when we don't work more. With leverage, money gets returned to us in a sort of a self-propelled fashion. It doesn't matter to leverage if we are not working hard, or even if we are not awake. Leverage in the stock market Stockbrokers allow their clients to use leverage by buying... more...

Finance » Wealth Building | By Karen Cheong @ Friday, 17th August 2007 @ 11:58 PM

In the old days, doctors were the rich ones who drove huge cars, had big houses and were well-respected. And the computer geeks, well, did not exist. Now the doctors are struggling with car loans and mortgage repayments, and Bill Gates is the richest man in the world. What happened ? Here are some reasons given : 1. Rich Dad Poor Dad feels sorry for doctors. Many of them are woefully financially illiterate. He cannot understand why people who are supposed to be clever can be so ina... more...

Finance » Wealth Building | By Steve Kroening @ Thursday, 2nd August 2007 @ 2:18 PM

Russell Conwell, the founder of Temple University, was often asked the question, "Is there opportunity to get rich in my town?" As a preacher, most thought Conwell would answer as a typical preacher and tell them to focus on heavenly riches. But Conwell wasn't a typical preacher. He would answer, "I say that you ought to get rich, and it is your duty to get rich. How many of my pious brethren say to me, 'Do you, a Christian minister, spend your time going up and down... more...

Finance » Wealth Building | By Ivanovich Cuxev @ Monday, 30th July 2007 @ 12:54 PM

Talking about currency values can give most people migraines who may avoid comprehending a valuable piece of information which is crucial when it comes to investments. Present value of money involves the preference of investors who would rather have a set amount of money right now, instead of waiting to receive the same amount in the future. The present value of money is affected by factors such as inflationary risks and opportunity costs. First, lets define the future value of money. Whe... more...

Finance » Wealth Building | By Christopher Anderson @ Tuesday, 10th July 2007 @ 6:51 AM

Everyone has unique abilities that they could use to further there financial freedom. Actually by utilizing their unique abilities they increase there ability to create wealth. One of the hardest things people have is finding there own unique abilities. Peoples' unique abilities are difficult to pin point for three main reasons. One: People are really good at there unique ability and so they don't recognize them as unique. They will often say to themselves, "If I c... more...

Finance » Wealth Building | By Chidi akomas @ Wednesday, 4th July 2007 @ 11:33 PM

Who doesn't dream of owning their very own business? My cousin John is a successful small business owner, making a tidy profit off of ownership of a chain of restaurants in Chicago. He is living the American dream, you might say, but getting to that point was like a nightmare. I used to work for him when he opened his first restaurant. It's been a tradition in my family to own small businesses or at least to try. My dad ran a small construction company, my uncle ran a furniture ... more...

Finance » Wealth Building | By dave hikade @ Wednesday, 27th June 2007 @ 10:18 PM

Moving Average Convergence Divergence (MACD) is a tool for analyzing trends in the Forex market and is often used in many markets. It is considered one of the most reliable trend following momentum indicators currently available. MACD illustrates the association between two moving averages of prices. The formula involves subtracting the 26 day EMA (exponential moving average) from the 12 day EMA. The "signal line" is plotted over the MACD. The signal line is the nine day EMA... more...

Finance » Wealth Building | By Jim Somchai @ Wednesday, 20th June 2007 @ 7:45 PM

Do you want to be rich? Most of us will not deny the wealth that we see others enjoy. We sometime wonder how these people can get into such a pleasurable level of status that we do not even dream of. We wonder how come we work hard all our life and we have not achieved much no matter either materialistically or spiritually. How can we know those methods the rich people use and apply them into our life? Will we be rich after we use them? What price do we have to pay or do in order to get what we ... more...

Finance » Wealth Building | By Wycliffe Williams @ Tuesday, 12th June 2007 @ 9:36 AM

You have taken the bold step and left your $200 a week job at the fast food joint in your small hometown. You have courageously uprooted and left your hometown to enter big city life. You slide into a job that pays you $3000 a month. What has happened? Now, let me ask you this, do you want or need more money? Do you have enough? I never seem to have enough! Clearly, we can all agree that money is necessary for our survival. However, it also means so much more to us than just survival. ... more...

Finance » Wealth Building | By Christopher Anderson @ Saturday, 9th June 2007 @ 8:16 AM

One of the most detrimental things that can hinder someone's ability to become wealthy is fear. Fear can play a role in many factors. One of the most obvious fears is fear of failure. So many people are so afraid of failing at something that they literally give up opportunity to gain financially. Most of the time it is simply the failing not the actual outcome of the failing that they are afraid of. If someone is thinking of a project and they are afraid to fail, the best... more...

Finance » Wealth Building | By Michael Laleye @ Wednesday, 11th April 2007 @ 1:46 PM

If you are looking for a way to compliment your primary source of income, consider creating a stream of residual income. Residual income builders are everywhere these days, thanks to the world wide web--it's just a matter of finding the type of secondary income that's best for you--one that you can afford (both time wise and financially speaking) to get started up. There really is no saying which type of residual income builder is best for a certain type of person. There reall... more...

Finance » Wealth Building | By Jennifer Lavoie @ Wednesday, 4th April 2007 @ 8:52 PM

One of the first steps in planning an exit to the rat race is knowing why you want out. Sounds simple right? Well consider this: it is, and it isn't. You could say that you want out because you are tired of working for someone else, you want more time with your family, no more worries about the bills and want to control your own destiny. Sounds good. I can buy into that. But is it enough? Is it enough to get you up in early in the morning to do a little work before the day beg... more...

Finance » Wealth Building | By Jennifer Lavoie @ Tuesday, 3rd April 2007 @ 8:41 PM

When I start talking to people about building a passive income business by following the teachings of financial freedom guru Robert Kiyosaki, I immediately hear about people's plans for buying real estate. Anyone who has read the book Rich Dad, Poor Dad thinks that Robert Kiyosaki is all about investing real estate and buying rental or commercial property in order to achieve the financial freedom of their dreams. So, they instantly start putting all their money into real estate. ... more...