Month: January 2016

How to Manage Money So You Can Start Building Wealth

Learning how to manage money is the prerequisite to building wealth. This might sound simple, but how many times have you tried to skip the step of living off of a written budget, developing a set of expense categories to live off of and all those other “boring” money habits and tried to go right for the step of building wealth? It has been said that there are a millions ways to make a million dollars, and this is true.

However, none of them will work unless you first start managing what you already have. Let’s look at a simple plan which can help you accomplish this…

A Simple Plan for Controlling Your Cash Flow

Many times, the reason we have a hard time developing and living by a budget is that we over-complicate our budget with pages of expense categories. Instead of trying to live off of that kind of detailed plan, try these four simple expense categories:

1. Investment of 10% of your income

2. Giving of 10% of your income

3. Reserving of 10% of your income (for making cash purchases instead of credit)

4. Paying expenses with the remaining 70%

As you can see, this plan is simple and to the point. Now all you have to do is set aside ONE day every month to allocate your monthly earnings into these categories. This will help you learn how to manage money without having to focus all your energy on monitoring your budget, filling in spreadsheets and trying to balance your spending categories.

Instead, you take one day out of the month to pay all your expenses (you can place all your cash in envelopes for things like food shopping) and to make your investments, your charitable giving and set aside your cash reserves. You can also use this day to assess your financial situation on a monthly basis and make sure you’re on track to achieving your long-term plan.

Getting Started With Wealth Building

Once you get control of your cash flow using the above system, you’ll discover that you have more money to use for building wealth than you originally thought. Your next step will be to get rid of as many things as you can which are causing a negative cash flow. This means paying off your debts. After all, if you have debt which is costing you an 18% interest rate, there’s no point in making an investment which is only earning you 15%.

How to Manage Money Properly

How to Manage Money Properly, without losing to much of your fun times. Americans are spending money left and right and not understanding as to why it always gone. The american people do not protect what essentially could be their financial status, and well being. One thing I wish people would stop complaining they have no money, as well as quit asking to borrow it.

How much are you really spending on your luxury or useless items each month, this does include eating out. One of my best friends just told me the other day he probably just wastes $6,000 a month on stuff he does not need. Just for example he wastes money on: snake. Okay lets take a look on how to save your money, and make money with it.

How to Manage Money Properly:

1. Open a bank account, preferably one at a credit union.

2. Every paycheck you get, take no less than 10%, but try to do put the recommended 25% into your account.

3. Get a bank account that transfers your change leftover from your purchases into your savings account.

4. Spend less on luxury items, I know this seems harsh, but it is necessary.

5. Eat out less, you will save an average of $3800 a year if you just ate at home and imagine having this in your account every year! This is like having an extra tax return each year. When you feel the urge to go and eat, go to the bank, estimate what you would have spent and put it into your savings.

6. Grocery shop wisely, and spend the little extra to get healthier foods.

7. Change your own oil, it usually costs around $20.

8. Spend the extra.20 cents a gallon for the premium to get better efficiency on hp and/or gas mileage.

Realistically this list can go on for years, but there are so many ways to save money, these are some of the most common issues that people are talking about where they lose money on. How to Manage Money Properly, well really just stop spending so much and it would be there.

7 Steps to Day Trading Profit

First, what is day trading? According to the Wikipedia definition, day trading means the practice of buying and selling financial instruments (such as shares, futures, options, etc.) in order to obtain profit in the same trading day. People participating in day trading are called active traders or day traders.

Day trading, like any other business professions, requires in-depth training, proper planning and a lot of practice. Thousands of beginners will enter a trading day in hopes of making easy money. However, only the few of those who are well educated, have a solid trading plan, and the discipline will prosper in this business. Many of them are making thousands of dollars a day, trading only a couple of hours, and spend the rest of the day free with family and friends, doing what they love to do.

But how does one become a successful trader and make real money in this market? Take a look at this article and you will find out:

Step 1. We have to get a solid understanding in the financial market. We have to learn what financial instruments are available in the market as traders need the instrument that suits them the best. Secondly, we must become familiar with day trading strategies and try to find one that we like and understand the best. Search engines like Google and Yahoo are good places to find good trading courses and strategies. We will need to conduct our research in depth and use our judgment to find what suits us the best. We must also find the right trading tools such as market research tools, real-time trading software, and sign up with a discount broker that we trust.

Step 2. Once we have chosen our trading strategy, the next step is to write a trading plan. Yes, we need to put our trading plan on paper. In this trading plan, we need to write down our goals-what we want to achieve by day trading. What are your goals in the short and long term? Do we want to get a little extra income in addition to our day job, or do we want to become financially independent by day trading? We should also write a detailed plan for the trading activities every day, which includes pre-market studies, our entry and exit strategy, and our tasks aftermarket.

Step 3. Establish a paper trading account. Once we have drawn up our trading plan, we should test the water with paper trading or trading simulation. This is very important because we do not want to risk real money before we have a good understanding of the game. There are a lot of trading simulators available for free in the market, or we can see if our stock broker provides a real-time simulation platform for trading. When we run a simulation, we should try to think of ourselves as using real money and act according to our trading plans.

Step 4. Set a daily limit, both for profit and loss. Once we have built up confidence in day trading, we should try to trade once or twice a week with real money. It is important to set a daily limit for both gains and losses. For example, we can set a profit target of $ 200 daily, and a loss limit of $ 100. When we reached either limit, we should stop trading. Turn off the computer and go take a walk or have a cup of tea. Do not over trade.

Step 5. Have a system of good money management in place. Before entering each trade, we must analyze the worst thing that could happen. How much can we afford to lose on each trade if we happen to lose in every trade we’ve entered for the day? Knowing our maximum affordable loss for each trade is important because we will then deliberately limit the size of our position for the trade and set our stop-loss even before our enter the trade. This prevents us from losing a lot of money and helps us stay in the game.

Step 6. Fix our emotion problems by writing a trading logs. For day traders, keeping our emotions under control is a major challenge and need lots of disciple and practice. Every day, we can be distracted by various emotions such as fear, pride, ego, etc. These emotions will prevent us from following our trading plan and eventually deteriorate our confidence. An effective way to solve this problem is to write journals on a daily basis. When writing them, we should analyze each part of the trade, and document the logic or emotion behind the trade. When we see ourselves falling into the trap of emotions, we must remind ourselves not to make the same mistake next time. With practice, we can train our minds to follow our logic and keep our emotions to ourselves.

Step 7. Rewards ourselves when we adhere to our rules. When we follow our strategy or trading plan to the letter, regardless of winning or losing trade, we must give ourselves a big pat on the back, because we have conquered our feelings and made a great leap towards day trading success and financial freedom. Once we have achieved our objectives in the short term, we must not forget to reward our hard work and achievements. Whether it’s a trip to Las Vegas or a cool iPad, put the reward in our trading plan, which will motivate us to achieve our goals. In the end, we deserve it anyway.

Focused on Money While Ignoring the Greatest Treasure of All

The financial system is in crisis with banks charging exorbitant fees and mortgages going through the roof as people struggle to own a home. Some are even desperate to find a home of any type in which to live. In contrast those at the top of the money scale may own dozens of houses, even whole blocks of them, and leave them empty to appreciate in value. This is the new money cow and next to food houses are chief target areas for the wealthy.

Renting houses for tenants to pay off mortgages is a great way to make money and in some countries, such as Australia, they are negatively geared so that taxes can be avoided. That works by calling them ‘investments’ or, in other words, business enterprises. Any outlay required for maintenance and even interest charged on the mortgage is then a tax deduction.

The recent explosive ‘Panama papers’ released in early April show the extent of tax fraud exercised by people of different occupations from Prime Ministers down to common criminals and drug dealers. Off shore tax havens are legal in most countries and the extent of corruption within the systems that are at the base of the World Order is horrendous.

It starts with politics and religions and the two go hand in hand. If one can be free of guilt then the door to corruption is wide open. Forgiveness of sins is that channel and the Catholic Church and others that exercise control over it are the work of 666.

Following my reincarnation and with a strong link to the Spirit of the Universe it commissioned me to tear down the wall of blindness that was built by the first beast of Revelation 13 and strengthened by the second. The latter is Constantine, emperor of Rome and the one who established the Catholic Church in 325 AD at the Council of Nicaea.

He is the Amorite of Amos 2:5 and the Amors inhabited Babylon, the home of Islam where the chief god was the sun-star. Its name is Mary and it means ‘mother’s powerful eye’. Stylised into a woman whom men dreamed of ‘marrying’ they died on crosses at dawn for this right. It is the origin of Father God and patriarchal notions that saw women discriminated against, even hated, by men.

The Eye Star appeared at Spring Equinox and is the origin of Easter. The number of men dying to become gods in heaven was outlawed by Constantine who put up the image of Jesus Christ to replace the tradition. He altered the date of Easter to align with the new moon and changed the Sabbath to Sunday, the ‘dies solis’ or ‘festival to the sun’. He reinstated Mary as the Mother of God.

Constantine is also the brains behind the legal, political, and financial systems that run the world. That means that those who engage in them are in cahoots with 666. They ignore the Spirit within and the chance for eternal life as the false gods associated with money and power rule over them.