Friday, February 27, 2009

Trump 101: The Way to Success


I love Trump. He just doesn't apologise for who he is and what he does. He has recovered from very bad times, and just keeps inspiring. He is also passionate about education and Trump University offers some brilliant material. Here are some key points from this book:

- Passion is important for success. You have to love what you do or you will not make it through the bad times. Devote yourself to what you want to be successful in and you will make it in a big way. Passion is your motivation.

- Positive thinking is important, but so is persistence. Some of Trump's property deals have taken 20 years to come to fruition. He sticks to the long term vision. You have to stay positive as success rarely occurs overnight.

- If you hate your job, or you are not passionate about what you do, then breaking out might be the best option. "Your electricity might flow better through another socket"

- Everything changes so constantly re-evaluate the big picture. What has changed and how can you take advantage of it?

All this and much more!

Tuesday, February 24, 2009

Money and living good life

Google’s motto is ‘don’t be evil’. The company has built its code of practice around this guiding principle which aims to ensure that everything they do is ‘measured against the highest possible standards of ethical business conduct.’ However, the most fundamental aim of all businesses, including Google of course, is to to make money.

Many people think that money is somehow tainted, that there is something rather unsavory about it, and that you can't live a good and honest life if you're rich. But is this really the case?

Of course, there are lots of ways to make money, and many of them are decidedly evil. There are crude and violent ways of making money, like robbing a bank, blackmailing people or running protection rackets. People sell drugs, traffic in people, run prostitution rings and exploit people, usually the weak and vulnerable.

Then there are more subtle, but obviously dishonest ways of making money. I get dozens of e-mails each week telling me that I’ve won some lottery, or that a government agency is giving me millions of dollars, or that someone has left me money in their will. I guess people must fall for these scams or else they wouldn’t keep sending the e-mails.

I’m sure that most of us wouldn’t dream of doing these kind of things, but of course there are even more subtly dishonest ways to make money. Using legal loopholes to get out of paying tax, not owning up when you are given too much change, all kinds of little dodges and tricks we use to profit. We can tell ourselves ‘it’s not that bad – anyone would have done the same thing,’ and that’s probably true, but we still know that we have acted dishonestly, and it still leaves a bad association about money in our mind. And this is the problem.

Money is neither bad nor good; it’s just money. Like food, it is necessary and important, and if used properly it can help us to live a wonderful life. But if abused, it can destroy us. In an oft-misquoted passage, the Bible tells us that ‘the love of money is the root of all evil’ (1 Timothy 6:10), and I think this means that an unhealthy grasping for money is likely to ruin us. Money, after all, isn't a real thing - it's not a commodity which is useful in itself. If you were stranded on a desert island and all you had was a suitcase full of money, you'd starve to death.

In our daily life, however, money can buy you things which can and should be enjoyed. There are lots of honest and good ways to make money and we should focus on these and enjoy the fruits of providing our time, energies and services. The most basic way of making honest money is to provide value. When you do this, the whole universe lines up behind you and you receive a reward commensurate with the value you give.

Whether it’s walking dogs, decorating someone’s front room or proving advice to Morgan Stanley (Tony Blair gets $1,000,000 a year for this, by the way - nice work if you can get it), if you provide value, you should get paid. It’s important to do what you love, because then your ‘work’ will be effortless, and you should get paid for the outcome of your time, not just for your time, because then you can use the magical power of leverage.

Whatever you do, find out what you love. The key to real wealth is to find a way of doing this which also gives value to others, to be useful, to serve. When you find this, do it and don’t think of money as being evil or tainted. You can sleep at night, you can be open and honest with people, you have nothing to hide. Now that’s real wealth!

Saturday, February 21, 2009

Why are women only interested in money?

Money to women is a basic need. They need security.Same as why men are only interested in Sex.

That's just what I think,well tell me what you think.

Basic Investing Words You Need to Know

A glossary of more than 450 useful words is included in the back of this book.

STOCK: A paper certificate that represents a part ownership of a company. Stocks are also called "equities".

PUBLIC COMPANY: A company that you can buy a piece of by purchasing shares of their stock. This is what you do when you invest in the stock market.

The DOW: A group of 30 large companies representing major industries whose adjusted average price is watched by investors as an indicator of the health and direction of the stock market.

NASDAQ: National Association of Securities Dealers Automated Quotations. Pronounced “nazzdak”, the largest stock exchange in the world.

MUTUAL FUND: An investment company that combines the money from a large group of investors to buy stocks and other investments.

SECURITIES: Stocks, bonds, and bank deposits.

VOLUME: The number of shares of stock traded in a day.

BUBBLE: When the price of stocks rise to a level way far beyond any reasonable value, and speculators are buying at crazy prices and actually finding other fools to pay even more than they did. When the market then crashes, the bubble is said to have burst.

BULL MARKET: When most stock prices are going up over several months.

BEAR MARKET: When most stock prices are going down over several months.

INCOME / REVENUE / SALES: What a company is paid, for the goods they produce, or the services they provide. This is not the same as profit.

EARNINGS / PROFIT: What a company has left over after all costs, overhead and (as reported by public corporations) after taxes. This is called the Bottom Line. When a company is making money, they are said to be "in the black". When a company is losing money, they are "in the red".

ASSETS: What a company owns such as plants, equipment, inventory, cash, patents, and anything else that a value can be placed upon.

BOOK VALUE / NET WORTH / EQUITY: A company's assets minus what it owes. What a company owes is called its liabilities.

FISCAL YEAR: A 12 month period selected by a company for reporting to the IRS.

RISK: The chance that you may lose money.

INFLATION: When things cost more than they used to cost.

I offer my definitions in a way that I hope makes sense to the average person. If I try to be too exact, I would have to, for example, define INFLATION as "a monetary phenomenon generated by an over expansion of credit which tends to drive up prices of assets while diminishing the worth of paper currency". Say what?

By ignoring the textbook definitions, I am risking the ridicule and criticism of the "experts". That's okay with me. This book isn't for those who already know everything.

Compounding Interest – The Magic and Power

Imagine a job offer for work lasting exactly 31 days. You are given the choice of a flat payment of $474,836.47, or a daily wage starting with 1 penny on the first day, and then doubling each day. This would be 2 cents the second day, 4 cents for the third day, and so on through 31 days.

Which would you choose? If you were to take the $474,000, you have just thrown away an incredible $21,000,000 - that's 21 million dollars!

Here is the proof:

Day Pay for day Day Pay for day
1 .01 17 655.36
2 .02 18 1,310.72
3 .04 19 2,621.44
4 .08 20 5,242.88
5 .16 21 10,485.76
6 .32 22 20,971.52
7 .64 23 41,943.04
8 1.28 24 83,886.08
9 2.56 25 167,772.16
10 5.12 26 335,544.32
11 10.24 27 671,088.64
12 20.48 28 1,342,177.28
13 40.96 29 2,684,354.56
14 81.92 30 5,368,709.12
15 163.84 31 10,737,418.24
16 327.68 $21,474,836.47 total

The reason this works is because within a few days you are no longer doubling pennies, but dollars, then doubling thousands of dollars. Every day you are doubling a bigger and bigger number (doubling your money is called making 100%).

How much you earn because of compounding depends on the percent you make and the amount of time the money grows. Of the two (percent and time), time is the more powerful.

If you bought stock in a company at $20 per share and it went up in value starting at only 28 cents a week (1.4% per week), with compounding you would be making 100% on your investment each year and the stock price each year would be doubling. Then in 31 years, every penny that you had invested in this stock would turn into $10,737,418. Every dollar invested would turn into $1,073,741,824. Yes, really!

Who's Not Investing?

Millions marry and start families each year without taking basic steps to make sure their future, as well as their children's, is financially secure.

According to a recent survey by Princeton University and the Consumer Federation of America, 70% of households with incomes under $50,000 a year have retirement savings of less than $5,000. This same report said "most Americans are living paycheck to paycheck".

Strange Jobs Pay The Bills

Wrinkle Chaser

This is the person that irons wrinkles from shoes as they are being made to ensure they are perfectly smooth when you buy them.

Chicken Sexer

This is a real job title. A chicken sexer sorts through baby chicks to determine if they are male or female, and then segregate them.

Citrus Fruit Colorer

A Citrus Fruit Colorer, with the help of steam and chemicals, gives citrus fruit a more natural coloring, because fruit is usually picked before it is fully ripe.

Celluloid Trimmer

A Celluloid Trimmer shaves down a golf club and then adds celluloid bands onto the golf clubs to make the leather grip stay in place.

Odor Judgers

Want to smell armpits all day to help make effective deodorants? I'm not sure why somebody other than some strange fetishist would want this job.

Furniture Tester

Now here's a good one. The La-z-Boy Company (and probably others) employs furniture testers to check out their recliners. Want to relax for a living?

Cowpuncher

You can herd, castrate and brand cattle. Then, when you get bored castrating cattle, you can repair fences, watering troughs and do other maintenance work on the ranch.

Alligator Wrangler

This is more of a dangerous job than a strange one, and probably not worth the pay, unless you get a T.V. show like the The Crocodile Hunter.

This is just a small sampling of the weird jobs out there.

*Is there Any More Weird Job That You Have In Mind?Please Share With Us.*

7 Very Strange Ideas People Make Money With

There's been some pretty wacky ideas that have made people profit well or even rich. Here's a small list of some of the strangest ways to make money.

1.Fetal Greetings

In 1999, a pregnant woman by the name of Holly tried to think of a great way to announce the birth of her unborn child. She came up with the idea to have her high school friend(a swell drawer) create some fetal babies in different positions on greeting cards with different sayings. The business went online and now you too can have your own fetal baby greeting card at fetalgreetings.com! Blech!

2.Bird Poop Jewelry

There once lived a man who was infatuated with jewelry...and bird poop. He combined the two things he loved and actually made jewelry out of it. The funny thing is that he made earrings too. Imagine the bird doodoo hanging from your ears.

3.Selling Dirt

A couple of Irish men came up with the idea to create a business selling actual Irish dirt from the country to Irish Americans over here in the U.S. The reasons for the dirt is to have some of "the mother country" on their graves. It is estimated that roughly 40 million Americans have Irish ancestry. This business could boom!

4.Road Kill Cleaner

This great job pays up to $15 an hour.

5.Body Advertising

What's better place to advertise than on a real live walking traveling human being? Goldenpalace.com has had it's logo on many big bellies of pregnant women as well as womens breasts. They've also paid one woman over $15,000 to name her child goldenpalace.com. The child is going to be one pissed off kid.

6.Sexy Towing

Would you rather have a hunky grinning body builder in spandex coming to your rescue when your car breaks down instead of a greasy 50 year old man in a greasy jumpsuit that resembles the raspist on the run that you saw on the channel 12 news? Well Christine came up with the idea to hire only good looking individuals with good personalities for her towing company. The men will wear spandex and politely offer you water. The idea surfaced when she and her husband broke down and they got rude towing guys. They felt that the towing industry needed a change.

7.Herpes Bling??

This is probably one of the most creative and disturbing ideas I've came across. Although a great way to cover those herpes and look blinging at the same time! Have you got your herpes bling yet?

Extreme saving: 20 strange ways to save

1. Flowers for a wedding can be so expensive. A good way to reduce the cost is to drive through a couple of cemeteries the night before the wedding, and pick up a couple of the bouquets that are lying on the ground.

2. To do a quick wax job on my car, I use furniture wax. It buffs really well.

3. Train your cats to use the toilet! I was spending a fortune on kitty litter until I read about teaching your cat to use the toilet. It took a little training, but eventually they got it. They're neat about it and I save lots of money!

4. Put that beer down! Save what you'd normally spend on beer. By the time you retire you'll be able to afford all the beer you want. A six-pack a day is what -- $5 for the good stuff? Five dollars a day is over $1,800 a year! You know who you are. Invest this amount now, and you can buy all the beer you want when you're retired. I might even do the same.

5. Don't throw away the plastic backing in the package of sliced bacon. Wash it well, and place it between servings of raw meat before freezing. This saves on plastic wrap and is reusable.

6. Make more than what you spend.

7. When eating out, save on the expense of a soda by ordering a glass of water with lemon. Spice it up with a packet or two of sweetener, and it will taste like lemonade. No charge, no tax and no tip on that.

8. Use the squeegee at the gas station to wash your car.

9. Marry and stay married to a frugal spouse.

10. Never buy sandwich bags or storage bags again. Use the liners from cereal boxes and newspaper wrappers.

11. Pick up every penny or coin you see on the street. You will get richer!

12. Marry a man who can fix things. It saves thousands each year!

13. Whenever my family goes to a fast-food place, we grab handfuls of the free ketchup, mustard, salt, pepper, etc. Then at home my kids transfer the contents of the ketchup packets into the partially full bottle. We have only had to buy one large ketchup bottle in the last two years! Haven't bought salt and pepper in ages. It's a real giveaway!

14. Eat Cheerios!

15. Instead of buying toilet paper, I use yesterday's newspaper.

16. Make your local print shop your office. Use their supplies. The IRS takes a pretty dim view about people claiming home office space. Why get in trouble with a possible audit? Some print shops even have phones. Make your calls from there. Take your laptop there and use their electricity for free.

17. For mere pennies a day, you can feed yourself with dog food. And you will probably be healthier, as this diet is probably better than 95 percent of the typical North American diet. I would suggest dry dog food, though, as the canned varieties are not nearly as tasty.

18. Tell nearly everyone that you are going out of town this Christmas and will not return until after New Year's Day. Then buy most of your gifts during the after-Christmas sales.

19. Unplug clocks in your house while sleeping.

20. Next time you need an umbrella, go to your local public library and ask for the lost and found department. Tell them that you left your black umbrella at the library last month. They will show you a selection of several black umbrellas. Select the most expensive and it's yours. The bigger the library, the better the selection of umbrellas.

*Feel Free to Leave Comments if you have any more strange way to save up.*