Want to be a millionaire?

Want to be a millionaire? Who is having his money well placed and with which, if he can easily ensure the financial independence, then he can become millionaire easily. Becoming a millionaire is not as hard as some people think and it does not necessarily to earn five or six digits to get there.

First and foremost one to be a millionaire is, you have to acquire a good financial education and build up some personal qualities such as interest, curiosity, perseverance, love to meet the challenge etc. Most of the millionaires have the excellent investing knowledge with action back up. Most of them read read read read..... a lot. Invest and Read books on personal finance that will make you to win thousand times of your profitable investment in books. The more you earn the more likely you will become a millionaire. However you should know the importance of spending less than you earn. Since you are in consumer society you should know the differentiate between your needs and your desires then only you can save more by eliminating unwanted expenses there by your savings will be more. Leading a simple life with fulfilling your only basic needs pave way for your millionaire dream. Never allow your bank account to dry. Minimize your debts and give first priority to repay them.

If you are to be a millionaire then you must work with your money. To achieve this every month you automatically convert minimum 10% of your income in to your savings. Preferably invest in shares of the growing companies that offer regular dividends that fill your pocket with passive interest. Diversify your investment strategies so that you will not be affected by the stock market fluctuations. Never forget to build a capital security to cope with the unexpected happenings. Finally keep it in mind; the millionaire has a plan and stick to it very firmly with a self disciplined manner. Unfortunately wealth in a quick time does not exist. With respect to your income you always open the opportunities for diversification. If you are earning more means you can invest more and that will create a snow ball effect on all your investments to generate even more.

 Spend less, earn more, save, invest these are the key and the strict rule to follow. Repeat this method as many time as possible.

 Last but not the least: Take action and be persistent in your work plan.

College students Learn How To Put Your Finance In Order!

      Are you a student going to college and who wants to get good knowledge and skills that will endorse you to have a good job at the end of your studies? Then this is the post meant for you. Put your studies apart for the time being and get some personal finance education here which wills surely going to help you particularly after your higher education.

    Other than European countries, every student is assisted by their parents by paying their room rent, college fees, food expenses and other miscellaneous expenses during their college days and the students learn nothing about managing their personal finances. There may be some exceptions, those who are working part time and study. At the end of the college days they enter into the world of work with full confidence and enthusiasm but without the right knowledge and right tool to manage their personal finance. Here are few tips to set right your personal finance in order. First and foremost one is making your budget. Make a budget for a year or a month and then break it up into smaller period of your convenience say weeks. Spare your good time for making an inventory of your expenses and revenues. If you are already having bank account, then open another bank account. The first account is for your financial reserve such as for receiving money from your parents, savings and contingency funds etc. Second one is for your expenses you can schedule your automatic payments of your regular payments. Keep the money in the second account to meet the minimum requirements of your expenses and don’t keep more. You have to invest and read personal finance books they may cost little but they will give you high returns in your future. This should be the first expense of your planning the future. With the guidance of those books plan different strategies and implement.

      Now this is the time to set your goals. According to the recent study by Harvard University, three percent of the people who set goals themselves and constantly working towards it has created ten times more wealth than the remaining ninety seven percent of the people. Hence plan and set your goals first. Keep yourself surrounded by right kind of successful people to understand the facts. Use the knowledge of others; be curious and attentive to know the success stories and experience of them. This knowledge will serve as a spring board that takes you near the success. Don’t hesitate to ask them directly the right information you needed for your success. The wealth is only attainable only through following strong financial principles. It requires commitment, willingness and persistence spend less than the earnings. But for the most of the people it is hard to follow. Spend less than you earn and invest that margin to generate alternative income and that marginal income will make your financial liabilities into financial independence. Here your financial education helps you to identify very smart and ideal investment that benefits us most. I assure you with rigor and perseverance you can achieve anything under the sky.

Don’t Buy Gold!!!

    Why should we not buy gold? There are so many reasons not to buy gold. One of the first reasons is that gold does nothing, and it remains in the bank or in our locker. The only reason we are buying gold is that we are very sure that we can sell it to the higher price in future. In very recent article Warren Buffet said that the growing fear of loss and confidence in the market has motivated the practice of buying gold. Since the financial crisis of 2008, the gold prices have continued to climb. The lack of confidence in the global financial markets has let people to want something more concrete that cannot fail has placed gold into that place. As on June 2012 one kg of gold was about 41,525 Euros.

     Since the people hoped that future economic policies and the continued push for the progress will make gold as a profit buy. We don’t know when it will plunge. This is a risky game investing in gold. Globally the central banks of each of the county don’t want their people to invest in gold which openly displays how their people reject their paper money and hence they will act swiftly on day or the other. If the trend continues to be volatile then the governments will announce a very debilitating tax on this yellow metal to break the upward movement. If the gold market tend to monotonically increase then it will be good to the investments in stock markets. If the stock markets continue to fall then it will ensure a good appreciation in near future. Since the stock market is unpredictable when compared with the gold trend which followed a significant increase that lead to a bubble.

 Most of our readers aware that market is drive by the two namely fear and greed. Now we are in the middle of fear cycle. When it ends the cycle of greed starts immediately. If the gold bubble happens the gold price will fall and people will sell in bulk and they will forced to buy securities and therefore the stock’s price will increase. Hence it is ideal to buy gold as a small portion of our assets.

How to Overcome Fear of Money?

How can we make more money or material ultimately succeed in life without fear? In truth it is a fear that we had me for a long time. In general, this fear of the money moves from childhood. In some families money is associated with the errors (s) and sometimes even some decline. I call this the power of beliefs. For a long time I understood the sentence incorrectly. I understood that money is money and no matter how it is obtained, the important thing to have. Given the values that are mine, I could obviously never adhere to such principle.

In truth this phrase simply means that money is a tool for change, change of life and / or change jobs no matter what! Money has no smell because it has neither quality nor default. It is neither good nor bad, it's what you do, A Food for orphans or weapons to Africa. Fear of money is the fear of success

Know this, money does not come without we mentally prepare for its arrival. What does "prepare for the arrival of the money? “ It simply means that if you do not know what you will do with the extra money you are asking then there is a good chance you unconsciously sabotage yourself. Fear of money, sometimes it's the fear of being happy. The question arises as unconscious as follows: And if my level of happiness does not increase with the level of my bank account?

This fear is real, it can really paralyze you in the quest for more money after all and if ever it were true? And if more money does not mean more happiness in the end it would mean there would be a much more important work to do but make more money. This work is called "return home". The real work is how to associate one or reasons that are considered "good" the fact of wanting more money in the end just do more or better the same reasons that we find good. Money becomes the means and purpose.

Unconsciously this amounts to allow himself to succeed. Financial worries seem less important and at the same time your bank account will show you the numbers you want to see. That's what I mean when I write sometimes see your world as it should be.