Wealth Building Articles

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...

Finance » Wealth Building | By Mike Singh @ Thursday, 22nd March 2007 @ 10:42 PM

One investment strategy is value investing. Individuals who adopt this style of investment are called value investors. Value investors usually purchase companies whose share price could be underappreciated for some reason. Value investors search the marker for the undervalued companies. The reason a company is thought to be undervalued is because value investors believe that the stock market overreacts to good and bad news announced by companies in the company's monthly, quarterly o... more...

Finance » Wealth Building | By Mike Singh @ Tuesday, 20th March 2007 @ 5:34 AM

Predicting future moves in the stock market has become a science. This form of prediction has become known as technical analysis. Traders who take this approach to investing in the stock market usually hold stocks for a short time period and then sell their stocks once the predicted profit has been achieved. The foundations to technical analysis can be found in the understanding that stock price movements are predictable. All the factors affecting the value of a stock are reflected in th... more...

Finance » Wealth Building | By Max Ng @ Tuesday, 27th February 2007 @ 4:46 PM

Creating wealth is a way to gain financial freedom quickly. Based on my understanding of the Rich Dad's series by Robert Kiyosaki, the rich people create wealth. For example, the rich people start a company and get it listed on the stock exchange. The shares of a start up company are not really valuable. But the company manages to be listed in the stock exchange, the value of the shares suddenly shot up. Another way to create wealth is writing options. I can write contracts to sell o... more...

Finance » Wealth Building | By Max Ng @ Tuesday, 27th February 2007 @ 4:01 PM

When I see a tall building, I always wonder how a building can be that tall without falling over. By chance, I manage to read about the construction of a tall building and realize that the foundation of any tall building is carefully designed to support it. A lot of efforts and works are done at building the foundation. Once a strong foundation is built, the construction of each storey seemed to be rather easy. If I equate a tall building as great wealth, then this is like seeing the ri... more...

Finance » Wealth Building | By Rockford Tapscott @ Wednesday, 21st February 2007 @ 9:42 AM

I'm an observer. I watch Emini traders come and go, I watch them start their trading careers with great enthusiasm, spend a fortune on learning this business, and a lot of the time, watch them blow up and give the game away frustrated without ever knowing why. Hot topics, Emini trading systems and trends come along regularly. There's always a new 'in' thing making an appearance on the trader's radar screen. And whenever there's a new rage, there will be trade... more...

Finance » Wealth Building | By Rockford Tapscott @ Wednesday, 21st February 2007 @ 9:41 AM

Understanding technical analysis and candlestick chart patterns on the Emini can give us very reliable signals for trade entries and exits, and take a lot of the guess work out of trading the Emini futures market. It is very hard to argue which way the trend is heading if the index is making a series of higher tops and bottoms on our chart and the candles are all green. Buying the index in these circumstances is like getting carried up an escalator...it's an easy trade when you go with the ... more...

Finance » Wealth Building | By Max Ng @ Tuesday, 20th February 2007 @ 1:05 PM

When I just started work after graduation, I have earned income to spend on the things I desired. But if I came across something that is too expensive, I would tell myself to forget it. It is outside of my budget. That is the way I was brought up. Spend within my means and forget about things that I cannot afford. These things are meant for the rich people only. After reading a few books and attending a few seminars on wealth creation, I have realized my mistake of laziness. Instead of th... more...