To find a job you’ll love start with these questions

Find a job youll loveIf you love the work you do then you are lucky indeed.

Most people, if they are lucky enough to have a job at all, are in jobs for which they have little or no passion. They just do whatever they have to do to ensure they have a regular income. It’s a living but it’s hardly a life.

If you’d like to find a job you’ll love doing then start by asking yourself these questions:-

  1. For what activity would you rise early knowing that was on your day’s agenda?
  2. What activity makes your eyes sparkle with enthusiasm?
  3. What activity gives you a real buzz?
  4. What activity to you really is fun?
  5. In what activity can you completely lose track of all time?
  6. What would you do as a hobby if you couldn’t make a living at it?
  7. In which activity do you not have to be asked twice to participate?
  8. Is there an activity for which you have a real talent?

The answers to these questions will help you to identify the activity for which you have passion and enthusiasm. If you can then identify a job which consists primarily of this activity then you have found the job you’ll love. And as the saying goes, find a job you love and you’ll never work a day in your life.

Getting that job won’t be that easy, of course. However knowing what you really want is the first step on the road to success. And finding a job for which you have a passion will lead to success.

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How to develop a millionaire mindset

How to develop a millionaire mindsetDo you want to be rich dear reader? Would you like to have so much money that you no longer have to worry about having enough to pay your bills? If you do, you’re not alone. We’d all like to be rich but few of us have the right mindset needed to create and build wealth. The question is, how to develop a millionaire mindset?

Well in the embedded video included here Jack Canfield will enlighten you.

For any reader unfamiliar with Jack Canfield he’s one of America’s top motivational speakers and he’s also the best-selling author of top self-help books like Chicken Soup for the Soul and The Success Principles.

These books are amongst the very best self-help books you can buy and if you haven’t read them already I recommend that you do.

In the video Jack Canfield offers words of wisdom for those people who want to build their fortune but have yet to get going.

Jack explains that if you want to be rich, you have to learn how to think like rich people think.

He argues that without a millionaire mindset, you’re going to remain stuck in a lower or middle-income reality. In my opinion, he’s right in what he says.

The right mindest is always an essential ingredient for success but how do you develop a millionaire mindset? What do you need to do to develop the right way of thinking?

Well watch his short video and you’ll be on your way to learning how to avoid getting stuck in financial mediocrity.

If you’ve yet to achieve wealth then it’s never too late to start. Many financially successful people started late in life. For instance, Ray Kroc was 52 years old before he started building the empire we know as McDonald’s.

So get started now and design the future you’ve always imagined.

How to develop a millionaire mindset:

Further reading:

If you’re interested in great motivational advice then the best speakers and writers in my opinion are all American.

There are many I admire and Jack Canfield is one of them. So if you’ve never read any of Jack Canfield’s books then I recommend that you check them out and purchase your own copies from Amazon.

If you build you own small personal library of motivation books you’ll find it will be money well spent.

Start today and buy here.

DISCLOSURE: 

This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However there will be no additional charge to you in making that purchase. Nevertheless these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding is truly appreciated dear reader. Thank you.

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Investing like Warren Buffett: Tips and Techniques

Investing Tips and TechniquesWould you like to know more about investing and money dear reader? Maybe you’re looking for some investing tips and techniques?

Perhaps you’re always short of money and possibly in debt?

Well it doesn’t really have to be that way. You do know that don’t you?

You could improve your financial situation but you’ll need to start learning about money and how it works and how you can make it work for you.

In today’s post you’ll find some observations about money and investing and you’ll find an interesting video from the world’s greatest investor Warren Buffett.

Warren Buffett has become a very wealthy man through investing and he has consistently been one of the most successful investors of all time.

It’s always worth listening to successful people, so I can recommend you watch the embedded video below because I’m confident you’ll find it useful.

1. The Importance of Money

When it comes to sustaining life, money is not the most important thing but after oxygen and water few things matters more.

Certainly you need enough to get by but you also need to put something aside for a rainy day because one day it will rain, of that you can be sure.

Putting something aside for your old age too would be a wise thing to do.

Wealth creation matters and if you are to build wealth successfully you must learn how to manage and invest your money wisely.

2. The Importance of Investing

Creating wealth is easier said than done of course.

It starts with making sure you put at least some money aside each month.

Pay yourself first by putting away say 10% of your income each time you get paid.

Make that a habit and you won’t miss it.

As cash starts to build into a decent sum then you need to ensure that you get a decent return in order for the compounding effect to work its magic.

Over time you will be amazed at how your wealth will grow if you invest wisely.

3. How to Invest

Maybe you’re still unsure as to how you go about it?

Well that’s natural, so don’t worry.

If you don’t know how to do something, look around for someone who is already doing it successfully and copy what they do.

Certainly there are some excellent examples of investors who you could adopt as a role model.

One of the world’s most successful investors is the great Warren Buffett, otherwise known as the Sage of Omaha. Have you heard of him?

If you haven’t, I can tell you that he has created so much wealth through his investing skills that he is one of the richest men in the world.

The video included here offers some investing tips and techniques,

It illustrates how Buffett invests and how you might emulate his success. This is a useful video and it is worth your time, if your aim is to develop your investing skills.

4. Investing Tips and Techniques

5. Buy some reference books on investing

One video cannot tell you all there is to know about investing of course.

Developing your investing skills will take time and patience, building your knowledge as you go.

Nevertheless there are plenty of good books on the subject and you would be wise to establish your own personal reference library on the subject.

One book I can recommend is from the Financial Times series.

Like everything associated with the Financial Times, the FT Guide to Saving and Investing for Retirement: The Definitive Handbook to Securing Your Financial Future will provide you with sound advice on all aspects of saving and investing, particularly with respect to your long term goal of making sure you can enjoy a comfortable retirement.

I can recommend this book and it’s available from Amazon. Buy it here.

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This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However there will be no additional charge to you in making that purchase. Nevertheless these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding is truly appreciated dear reader. Thank you.

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How to make money from investing in stocks and shares

How to make money from investing in stocks and sharesOnly buy something that you’d be perfectly happy to hold if the market shut down for 10 years. ~Warren Buffett

Arguably, Warren Buffett is one of the greatest investors of all time. Certainly he has delivered an above average return to investors in his company Berkshire Hathaway consistently over many, many years.

And when people are successful we should listen to them. If their approach has been successful for them, it can be successful for us too. So it’s a good idea to listen and learn.

Warren Buffett’s investment philosophy is essentially quite simple.

If you’re buying stocks and shares then the ideal investment is a company with a range of good quality products which everyone needs; with strong cash-flow and little or no debt; broad international exposure; and which pays solid, sustainable dividends.

Buy the asset at fair value and you will have an income stream you can rely on regardless of any short or medium-term market volatility.

Choose the right stock and you should enjoy some capital appreciation over the long term as well.

Too many people are speculators rather than investors. They hope to time the market to gain a quick buck. However that’s hugely difficult and most amateurs will lose money with that approach, unless they are very, very lucky.

Whereas invest in good companies at fair value and over time you’ll have an excellent chance to make very good return.

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What is grit and why is it important?

What is gritWhat is grit? I’ve heard this word alot recently. And of course the obvious supplementary question is, why is it important?

I’m referring to a term used in psychology to represent a positive, non-cognitive personality trait based on an individual’s perseverance of effort combined with the passion for a particular goal and a powerful motivation to achieve it. Allow me to explain.

Have you ever noticed that the smartest people are not always the most successful? Obviously success can be defined in different ways but for most people their measure would usually revolve around money and prestige.

If we take money as the measure for success, then you’d think the smartest people would easily come out on top on that score, surely? Yet you’d be wrong.

We hear stories frequently about college professors who struggle financially whilst at the same time tradesmen like bricklayers and plumbers become millionaires. How can that be?

Surely the smartest people have a natural advantage? Well, actually they don’t.

The people with the real, innate advantage are those with this quality known as grit.

So exactly what is grit? It is an inner steeliness. It is courage and resolve. It is strength of character. It is drive and desire. It is passion and motivation. It is a willingness to persevere until the desired result is achieved. It is determination to achieve a goal and a willingness to take calculated risks.

It is a fact that doing well in life depends on much more than academic ability and your capacity to learn quickly and easily.

Having those qualities is useful of course but in the absence of grit you’d still be at a disadvantage.

Someone of average academic ability but with a shed-load of grit will be better placed to achieve real success in life.

What is gritPeople with grit intuitively recognize that life is a marathon not a sprint.

They’re willing to experience failure because they know that failure is a temporary outcome not a permanent position. And they’re willing to fail and then start over using the lessons they’ve learned from the experience.

So what’s the key to success? It’s the need to get grittier!

Angela Lee Duckworth makes this point admirably in this excellent TEDxTalk video and it’s well worth a few minutes of your time. It’s an interesting video and I think she nails the point perfectly.

That’s what I think but what is your opinion?

Could there be such an easy answer or is it all much more complicated? I’d be interested to hear your views.

Grit: The power of passion and perseverance:

Further Reading:

If you’d like to know more about grit and Angela Lee Duckworth’s ideas about the secret of success then read her excellent and Number 1 best selling book Grit: Why passion and resilience are the secrets to success.

It’s well worth the cover price and you can check it out if you CLICK HERE

DISCLOSURE: This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. There will be no additional charge to you in making that purchase. However these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers everywhere. Your understanding is truly appreciated dear reader. Thank you.

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How we are damaged by our schooldays

How we are damaged by our schooldaysCould we have been damaged by our schooldays? Is that even possible?

Were they the best days of our lives, as we’re encouraged to believe, or could our schooldays have been detrimental to our mental well-being and our self-esteem?

An interesting question. So let’s just think about that for a minute.

Certainly many people will have had mostly good experiences during their schooldays, I’m sure.

However there will also be some for whom their schooldays will have left them mentally scarred and with a sense of failure. That much is philosophically self-evident, surely?

For instance, perhaps at school the people to which I refer never quite achieved the grades their parents or teachers thought they should have done?

Perhaps they were last to be picked for a sports team, on a regular basis?

In either case, how would such experiences make have made them feel? What impact would they have had on their mental well-being?

Perhaps they felt, not quite good enough? A little bit bruised and embarrassed by their inability to achieve what they believed was expected of them?

Adults may have thought that by putting pressure on them it would motivate them to do well, yet it probably just left then feeling a little bit inadequate possibly?

Do you recognise such feelings dear reader?

The problem with the school experience is that the age range of our classmates is spread over a whole year. And that’s more significant than it first appears to be I think.

Someone whose birthday is at the beginning of September will be a year older than someone whose birthday is towards the end of August, despite both being in the same year academically.

Now it might not seem much but one year at that time in our lives makes a huge difference in terms of our development, both mentally and physically.

So what does this mean?

It means that if your birthday is at the end of the school year then you’re at a significant disadvantage relative to some of your much older classmates.

And that disadvantage carries with you right through the school years if you’re affected by it.

And it’s a disadvantage that extends not just to your academic studies but also to sport and physical activity too.

And it’s not just the fact that you’re behind in terms of your physical and mental development. It is a fact that success breeds positive reinforcement.

So older students benefit from the constant reinforcement and encouragement of ‘Well Done!‘ whilst younger students struggle to keep up, unless they’re exceptionally gifted.

Even if people are of above average ability for their age they can still be at a disadvantage relative to older classmates during their schooldays, particularly if they too are of above average ability.

Inevitably at school people are compared to their peers and statistics show that the older ones tend to do better because of an inherent age advantage. That’s true with sport as well as academic subjects.

If younger students appear to perform less well then that is often interpreted that as them being not quite as good as their older contemporaries.

And few people, least of all our parents, will have recognised that the system essentially does not favour the younger members of the class. It puts them at a disadvantage.

The obvious question then is how many people have gone through life feeling like a bit of a loser due to their experiences of a school system which tends to work against them simply because of the month in which they were born?

And how many people never fully recover from the inevitable damage done to their confidence and self-esteem during those all too important developmental years?

More importantly our school days not only affect how we feel about ourselves. They also impact on how others perceive us to be as well.

A reputation for being a ‘Straight A’ student beats being a bit of an academic ‘also ran’. No one questions whether the former had an inherent advantage over the latter.

And how we’re perceived by others does matter because their perception of us often results in all the negative talk we often hear whenever we express ambition, which can also affect our self-esteem.

I’m sure you know what I mean, as no doubt many readers will be familiar with the experience. Something like:-

You:Oh, I’d like to be a doctor.

Parent:Oh, don’t be ridiculous, with your grades?

And so on.

People will always give you reasons why you’re not good enough. When what you actually need is encouragement. With encouragement you could make it in whatever pursuit that makes you feel truly energised.

If you’re someone who experienced disadvantage for whatever reason then let me tell you something. You’re as good as anyone and you should acknowledge that to yourself, constantly.

Schooldays represent a very small portion of a life and they’re significant only in so far as they are one on many experiences we’ll have in life. Certainly they don’t define you.

If your schooldays were a good experience then fine. If not, so what?

You can still achieve your ambitions with sufficient hard work and determination.

It doesn’t matter whether others believe you can do it, just as long as you believe you can do it.

And remember; there’s no such thing as a failure. That label does not belong on people.

Failure is just an unwanted outcome and a learning opportunity. It’s not a person.

You have enormous potential. We all do.

Everyone is capable of achieving much more than they could ever think possible. With determination and hard work we can all achieve great things.

Your attitude is much more important than your aptitude when it comes to achieving your goals in life. Believe you can and you will.

However you feel about your past, it’s not too late to become something more than you are currently.

You should embrace failure as nothing more than an opportunity for learning. It does not define you, and nor should it.

Recognise that just because you didn’t set the world on fire during your schooldays it doesn’t mean you can’t achieve great things now.

Plenty of ‘Straight A’ students fail to achieve anything significant after they’ve left education behind. Whereas plenty of the less academically successful go on to achieve great things in life.

It’s not about how many times you get knocked down that counts but how many times you can get back up and keep going until you get to where you want to be.

Victory is sweeter when it has been achieved following the experience of defeat.

You cannot achieve anything without the experience of at least the occasional failure along the way.

Before anyone was a success, they all started out as beginners and they all made mistakes. Anyone who suggests otherwise is either lying or deluded.

If you really want to succeed, then work hard, make mistakes and learn the lessons as you go. If you’re determined you’ll find a way to achieve your goals or realise your dreams.

Don’t be overwhelmed by any perceived failure. It doesn’t have to be fatal, nor does it imply that you’re not capable of achieving great things.

Never, ever give up until you get to where you want to be. Success can be yours if you want it badly enough. And remember this; it is better to try and fail than never to have tried at all.

Never be afraid to try because there are only outcomes we didn’t want and lessons to be learned.

And repeat this mantra daily: I’m as good as anyone; I’m better than most; I will achieve great things; And nothing will stop me!

Get started now. What are you waiting for?

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Daily Habits of Successful People

Habits of successful peopleIf success is your aim, can you learn from the daily habits of successful people?

Certainly I believe that we are what we do on a daily basis.

Anything you achieve, or don’t achieve, is brought about by the habits you develop over time.

Everything you do is as a result of our habits, good or bad. So surely it makes sense to develop and maintain good habits and make them your master?

Habits, good or bad, are formed through repetition.

Good habits can be hard to form but they are easy to live with. Whereas bad habits whilst easy to form they tend to be very hard to live with. Our lives can become a battle of good habits versus bad habits. Don’t let the bad habits win.

Good habits can be learned and bad habits can be replaced by good habits. Yes, it requires self-discipline on your part dear reader but it can be done and people do.

Decide on the habits you want to develop and focus on achieving them one at a time.

Start with one good habit you’d like to form and then force yourself to repeat the necessary actions daily.

After around three weeks that habit will be formed and it will just become part of your routine. You’ll start to repeat it with little or no thought. Essentially you’ll do it on autopilot.

If you have a bad habit you wish to replace with a good habit then each time you find yourself about to perform the actions of the bad habit, stop yourself and perform the actions of the good habit instead. Again after around three weeks the good habit will be programmed into your brain.

Successful people are driven to develop good habits. Self-discipline is the key ingredient for good habits to form and for the replacing of bad habits.

Successful people also establish the habit of goal setting on a daily basis.

You cannot hit a target unless you can see that target. Setting a goal is the first step in achieving that goal. Successful people are results oriented.

Successful people are also people oriented.

You get what you want in life by helping other people get what they want.

Every product is a solution to a problem. Even if your goal is to sing or dance, to succeed you must always recognise that you perform to and for people.

They have a need to be entertained and your aim is to fulfil that need. To solve this particular problem for them if you like.

In dealing with people you must be honest and show integrity if you are to win the respect of others.

So honesty is a good habit to develop. Dishonesty and cheating will catch up with you and will be a permanent stain on your reputation. You don’t need that now, do you?

And above all, you must look after your health. You have one body and one mind and they must last you a lifetime.

So develop the habit of taking good care of both.

To reinforce the message of the importance of repetition and routine I‘ve included this excellent video from Brian Tracy.

Brian is always a source of great advice for anyone seeking success and aiming to create a successful life for themselves and certainly he’s one of my main sources of constant inspiration.

The video is short but well worth your time and I recommend you watch it now.

Habits of successful people:

Further Reading:

Regular readers will know that I am keen on building a personal reference library of books and audiobooks which I use to inspire and motivate me and to help me achieve my goals. And I would encourage you to do the same dear reader.

In the video Brian Tracy refers to his book Million Dollar Habits: Proven Power Practices to Double and Triple Your Income. This is an excellent book and would be a good addition to your library. You can take a look at the print and Kindle editions if you click on the link in this paragraph.

However I must be honest and tell you that actually I decided to purchase Million Dollar Habits: Proven Power Practices to Double and Triple Your Income (AudioBook). Personally I find the audiobooks really useful because I can listen to them whilst I’m driving which means I’m making better use of what would otherwise be dead time. If you’d like to take a look at the audio version of the book then, once again, just click on the link in this paragraph.

DISCLOSURE: This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. There will be no additional charge to you in making that purchase. However these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers everywhere. Your understanding is truly appreciated dear reader. Thank you.

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How to become rich through your work

How to become richHow to become rich through your work? A question many people ask. Some people get rich but somehow you don’t dear reader. Why? You work hard but you’ve got very little to show for it, right?

How is it that other people succeed and get rich but you never seem to make any progress at all?

Perhaps the question you’ve been asking yourself is, what’s the real link between working hard and getting rich?

Well give me a couple of minutes of your time dear reader and I’ll tell you what I’ve learned about work over the years and how it’s linked to the generation of real wealth.

First off, as I’ve said many times before; work is simply doing stuff for other people in return for money.

If you enjoy your work and it comes naturally to you then you’ll do it well. If you do it well then people will notice. And once people start to notice then increasingly you’ll be in demand.

The greater the demand for your services the more you’ll get paid. In short, your value will increase.

If you truly enjoy your work and it becomes your passion then it won’t seem like work at all.

However if you work for a single employer then essentially you’re trading your time for money, regardless of whether you enjoy your work or otherwise.

Even if you work for multiple employers one at a time, the effect is the same. You’re simply trading your time for money. It cannot be scalable because, as an individual, there’s only so much you can do in a given period of time.

There’s nothing wrong with trading your time for money of course and it’s the way that most people earn a living. However you’re unlikely to get seriously rich that way.

Working for an employer will certainly make you a living of course but, unless you work on Wall Street or in the City of London, that’s about all.

To earn serious money you need to be doing stuff for many people simultaneously. The more people you can serve simultaneously the more money you can make.

The obvious question in your mind now will be, how’s that be done?

Well creative people serve many people simultaneously don’t they?

For instance if you write a bestselling book, record a bestselling song or produce a bestselling DVD these would all add value to the lives of many people simultaneously.

When people buy the book, the song or the DVD in their millions then you can make millions of dollars in the process. Just ask JK Rowling, Paul McCartney or Ricky Gervais. They’ve all become rich through their creative work.

Then again not everyone can write, sing or perform. Perhaps you’re a designer?

Suppose you design furniture, say a chair perhaps?

You produce a fabulous design and offer it to a furniture manufacturer. They really like it and they want to use it but you hold the intellectual property rights (IPR) because it’s your design. So the manufacturer must pay you a royalty when the design is used for every unit sold.

If that chair becomes very popular and sells in the millions, you’re on-going royalty payments can add up to something quite substantial. Replicate that with many designs and you could get very rich indeed.

In this case the example is furniture but the same would apply if you design anything. For instance the man who designed the retroreflective safety device known as cat’s eyes in Britain got very rich through his design. Fashion design is another area where serious money can be made from your designs if they become popular.

The trick with creative work is to understand the law around copyright and IPR and make sure you’re rewarded for your work through royalties.

The advantage of creative work is that the series of royalty payments can have a very long tail. Your work can be the gift that keeps on giving for years and years.

Take a song like Imagine by John Lennon.

John Lennon wrote that song around 1971 but we still hear it regularly on radio and television to this day. So despite the fact that it’s almost 40 years since Lennon’s tragic death, the song still earns money for his estate, i.e. his family. Now that’s a real legacy for them.

Starting a business and selling products by the thousand is another way to serve many people simultaneously.

If your business can produce products that provide your customers with genuine solutions to their problems then there really is serious money to be made. Problems are an opportunity to make money if you can offer suitable solutions.

How to become richYour business will employ people who are trading their time for money but through your business you’ll be serving the many simultaneously and you can enrich yourself in the process.

The takeaway message for you today is that if you work one-to-one you’ll make a living but if you can work one-to-many you’ll make a fortune.

Whether it’s becoming a creative person, a performing artist, or starting a business, serving the many is the real route to riches.

It’s not easy of course but it can be done and people do. With a little self-belief and a lot of hard work you can too.

So when are you going to get started?

Go on, have a go! Serve the many not the few.

Remember; it’s better to try and fail than to spend your life wondering what might have been.

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3 of the less obvious investment principles and concepts

Investment Principles and ConceptsIf you’re working on your financial education dear reader then you’re probably seeking to better understand all of the investment principles and concepts that successful investors use to create wealth.

If so, today I offer you three of the less obvious investment principles and concepts that you should always bear in mind:-

1. Fear is your friend:

As anyone with an interest in investing will recognise, financial markets by can be volatile and the extremes can be a challenge for even the most experienced investors. Volatility goes with the territory.

There are times when it will all feel like a bit of a roller coaster ride.

So if you’re going to profit from being an investor then you do need to have your wits about you. Feeling fearful occasionally goes with the territory too.

Fear is a natural emotion which keeps us sharp and it keeps us focused when our personal security could be at risk. So fear is a good thing. It serves to protect us against threats to our safety. Fear is our friend.

Even when it comes to your financial safety, fear is your friend too.

In troubled times we must be careful not to react in haste but remember that our instincts can be a powerful guide to when action is necessary.

That said, with investment, those times when others are truly fearful can be an excellent buy opportunity for the savvy investor. When people are in a state of panic they react with emotion rather than intelligent thought. And often they overreact.

Experience tells us that calm will always return to the market eventually and the savvy investor will have picked up some bargains amongst all the drama.

As Baron Rothschild once said, the time to buy is when there’s blood on the streets.

2. It’s never different this time:

Whenever there’s a speculative financial bubble, how many times do you hear people say, it’s different this time? Somehow they think that the laws of financial gravity can suddenly be defied.

From property bubbles to the dotcom bubble people were keen to tell us all that those old laws of finance no longer applied.

For some reason people start believing that prices can keep going up and up and up without any reference to the point at which prices were no longer consistent with anything close to a sensible valuation.

If we could go back to the days of the tulip bubble and the South Sea bubble, I’m sure we’d hear people saying it’s different this time.

The nature of a speculative bubble is always the same.

Something becomes fashionable and the price of that perceived asset starts to skyrocket, everyone goes crazy and people suddenly feel they must get in on the opportunity before they miss out.

The really savvy investors get in early on the opportunity, then they recognize what’s happening, they see the asset becoming over-priced and they recognise that if they are to turn a profit then they need to get out quickly. Once that happens, sentiment starts to turn; early movers make a decent profit and others lose their shirts.

The harsh reality of financial investing is that when you spot a bandwagon on which to climb you’ve already missed the boat. I apologise for the mixed metaphor but remember this; it’s never different this time with a financial bubble.

Irrational exuberance drives prices beyond the point at which they are supported by any real financial logic. When that becomes obvious to everyone, the bubble bursts and prices coming crashing down.

As the great Warren Buffett once said, a pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

If you’re an experienced old hand at the investment game you might just have mastered the art of timing with these things. If not, you’ll steer well clear if you’ve got any sense.

3. Little and often:

Over time water can form great caverns in rock. It doesn’t happen overnight. It happens by the constant drip, drip, drip, effect of water over years and years and years.

When it comes to saving much the same applies. It’s those regular small amounts that over time can build into substantial wealth.

Regular saving is a good habit to develop and savings accounts provide a reliable place for your emergency fund and also as a means for building capital sums for the purchase of other forms of investment like stocks and bonds, and property too

However remember this; no one has ever become seriously rich by investing in savings account alone.

The gains from savings accounts will always be relatively small and over the medium to long term are unlikely even to keep pace with inflation.

Nevertheless regular saving this way is a good starting point in wealth creation.

Once you start to build a decent sum you can then look at other forms of investment such as stocks, bonds and property.

However you must remember that savings accounts are not risk free if that’s your only form of investment.

Focusing only on a savings account would mean you miss out on better potential returns elsewhere.

Savings accounts are a very good starting point though and by putting a slice of your income away each month, as soon as you get paid,  you’ll be taking the first step to building capital.

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How to turn enterprise into money

Turn enterprise into moneyBeing poor is shit. ~Bob Geldof

The media personality and former rock star Bob Geldof’s style tends to be blunt and to the point. He’s not a man to sugar coat his words. However he does make an important point.

People may tell you that money isn’t important but next to oxygen it’s essential for a life worth living. In fact you couldn’t live long without it.

Exactly how much money you need depends on your preferred lifestyle of course. However even for a fairly basic lifestyle a reasonable income is required.

None of us want to be poor or destitute of course. And fortunately we don’t have to be. It’s possible to turn enterprise into money.

And what do I mean by enterprise? I mean your energy, your knowhow and skills, your ambition, and your determination to make life better for you and your loved ones by making life better for other people.

What is work?

In essence, work is just doing stuff for other people in exchange for money. It’s that simple.

And remember, you don’t need to have a formal role within a corporation to earn money either. It’s perfectly feasible to establish your own business and earn a living that way.

In fact, for most people, the only way you’ll get rich is through your own business. Unless you’re a Wall Street investment banker or a lawyer, you’re unlikely to get rich being someone’s employee trading your time for money.

The key to success in business:

The key to success in your own business is to find a way to solve problems for people for profit. That’s the way to turn your own enterprise into money. And it’s a lot easier than you might imagine.

Let’s face it, there’ll always be plenty of customers for products and services not yet invented.

People will always have problems and they’ll always have a need for solutions to those problems.

And every product sold by a company is a solution to a problem, or at least it should be.

Turn enterprise into money:

If you continually educate yourself for skills and know-how, then you can create wealth by seeking out customers for whom you can deliver solutions to their problems and/or provide them with services for which they have a need.

If you can satisfy those customers then you’ll make money, and quite possibly a lot of money.

Manage that money wisely and you can build your own personal wealth too.

Determination, hard work and an eye for problems to be solved are the main ingredients for success in business. Your enterprise really can lead you to great wealth.

Your don’t have to be poor:

You don’t have to be poor unless you’ve given up and you’re just accepting that being poor is your lot in life. It’s not, and nor should it be.

You’re perfectly capable of generating your own income dear reader.

You just need to do stuff for other people and find a way to add value to their lives. In this case adding value means solving problems or making their lives easier and/or better in some way.

Help yourself by helping others get what they need:

It all comes down to your willingness to find a way to serve others. Simple!

There are opportunities there for the taking every single day of the week, if you’re enterprising and ready to solve problems for other people. However you do need to be fleet-footed.

The best time to start a business might have been last year but the next best time is right now.

It can be done and people do. Why not you? Go on, just go for it! Real riches can be yours.

Good luck!

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