Our Wealth!

Charrissa Cawley asked:


till waiting for your ship to come in or are you kneeling next to your bathtub with a one gallon bucket floating in the water, pretending it’s a luxury liner? You may be pretty good at convincing your friends and neighbors that you’ve hit the mother lode, but the reality is you’re still a grown up playing a child’s game. All the positive thinking in the world doesn’t change the fact that your boat is still a bucket and its capacity is still a gallon. How much money can you realistically hope to cram into a bucket?

Don’t get me wrong – in no way am I suggesting that real estate investing is child’s play. But there’s a good chance your marketing effort is. A child is thrilled at the prospect of a bucketful of spendable cash. But an adult knows that a pipeline of high volume profits saturating your future with spendable cash is infinitely better.

But how do you build a pipeline?

• It starts with a great foundation. You can bounce from one investing strategy to another, hoping against hope that you’ll eventually come across the one great idea that will give you a foundation to build upon – or you can go to one single source for all the information you could need to lay a solid foundation for a lifetime of sustainable profits. REI Conferences can be that foundation. By learning winning real estate investing strategies, your future can be in your own hands instead of someone elses.

• Technology holds the key to your success. The power of the Internet can bring high quality buyers and motivated sellers leads to you. The days of running high dollar radio ads, directing expensive direct mail campaigns, or saturating your community with piles of ink pens emblazoned with your name and telephone number can end. You might still choose to utilize some of these strategies, but you can pull better quality leads with a website of your own. Your website can explain all the details of how you invest and the types of properties you’re looking for. It can contain contact forms to collect information from buyers who meet your investing criteria and are still anxious to sell you their properties. If you have properties for sale, your website can have pictures and descriptions of available properties to entice would-be buyers with multiple options. If you do not already have a website, you can pick one up for next to nothing at www.myreiwebsites.com.

• The next part of your pipeline comes from using the power of other people’s efforts. As you learn winning strategies for lucrative investing, you can have a virtual assistant locate, qualify, and deliver additional prospects to your email inbox every day – or night. Your individual efforts end at the end of the day, but by enlisting the aid of an inexpensively priced virtual assistant to tackle the more mundane and infinitely less interesting aspects of buyer and motivated seller lead generation, you can spend every waking hour (that you want to!) negotiating real estate deals and doing things that will get profits moving through your pipeline. There are also really great software tools for generating leads. The one I use is www.reileadspro.com/special.

• The final part of your pipeline is to virtually purchase properties from the comfort of your living room. You may live in Kansas City, Missouri, but by enlisting a full power team (as I like to call it) of professionals in the areas you’re investing, you can handle all of the details from home. Whether it’s an attorney, contractor, appraiser, Title Company, or any other member of your remote wealth building team, you can do anything from home. Now that’s what I call remote control!

By following these four steps you can lay the foundation for your real estate pipeline. Then all you need to do is flip the switch and let your portfolio grow while your profits flow. Doesn’t this seem infinitely better than crouching next to a bathtub with a little bucket of money? You don’t have to get rid of your bucket, though. If you want, fill it with ice and champagne and set it next to your new hot tub – within reach for celebrating after you complete that next deal!

Lynn Pokorowski asked:


What is the secret? And how is it connected to the Law of Attraction? The so called secret should be a money making “how to”! In society today, we need to know this secret so that we can attract and create an abundantly productive and happy life. Knowledge is power, and understanding the Secret Law of Attraction will give you the power you need to manifest all the desires that you dream about; making money, finding the right person, getting a better job or whatever it is you need in your life. I like to call this wealth management. And wealth is not just money; it is anything that you place great value on!

By my definition, the Law of Attraction is real technical so hang in there with me. It is a physical force that draws things of “likeness” to the object it is like. So, you draw things to your life that are like you or, what you “think” you like. An easy example of this theory is the magnet. We know that magnets are two like forces that are attracted to each other, right? Ok so here is the secret, your thoughts are your magnets. And what you are thinking about is exactly what you are attracting. Let’s really think about what you focus your thoughts on.

When you look around at the things that you have created for your life, what do you see? Are you thinking about money on its way or how broke you are? Is there a beat up old blue Chevy in the drive on its last leg and all you can “think” about all the time is, “I can’t afford a new car.” Are you in a job you **** and all you think about is, “God, I **** this job.”  Or even worse, do you find yourself thinking, “I’ll never be able to make money” or “I can’t do that” and your not and you don’t!  There really is no secret here, your life is exactly what you think about and believe. So how do we change what we think about and really believe it?

Well, there in lies the problem with thoughts and beliefs. To keep it simple, you have to understand that the conscious mind is your mental awareness or where your thoughts and thinking is occurring. Your subconscious mind holds the beliefs of your thoughts. So if you are told by a parent as a child growing up that you are no good, chances are as an adult you will believe 100% that you are no good. It is often quite difficult if not impossible to change lifelong beliefs and thoughts. The conscious mind which is probably full of fear magnets, anxious magnets, worry magnets, or no money magnets will not easily tell the subconscious mind that life is great and the money is on its way!. Or that, I’m ok and there is nothing to fear, worry or be stressed out and gee I know I will make money.  I know this is starting to read like a course in psychology; it’s not, it’s just the basics to help you understand. Half the battle here is realizing YOU have the control, no one else does.

 No one else is responsible for what you are thinking and feeling. You have to start positive thinking right here and right now!  There are several ways to accomplish this, all of which are not costly or difficult to do.

The first and most critical step is to make the commitment to yourself to learn how to start thinking positive without expecting an immediate money making result. Next, take responsibility for your thoughts and beliefs. Do you believe everything that you are told? No, you take what you need and throw the rest out. So you have to understand that you need to trust yourself. You own your thoughts, so you can change them.

Next, try and catch your negative thoughts (like, “I don’t know how to make money”) as they occur and change them into happy thoughts for a just for moment. Continue with this while looking online or in the library to find motivational literature. Quotes are a great resource for positive affirmations and would be a great place to start. I also know just reading positive material while trying to stop negative (“money making has never come easy for me”) thoughts will not change you or do enough to transform wealth into your life.

You won’t just wake up one day and say, “Ok, I read a great quote, I am alright now”. No matter how hard you might try to shove positive literature down your throat, it won’t change what you believe and it certainly won’t change your odds with the Law of Attraction. This is where the very short psychology lesson fits into my point. There is a very easy process for your conscious mind to tell your sub conscious mind that “money is on its way” and in fact, I can do it! This process is behavior modification. By telling your subconscious mind or your belief system that everything is perfect and money is at your disposal, you will change the net result of the law of attraction. Things will begin to appear in your life, including the money making process. You can use behavior modification to transform any problem area in your life. You can achieve financial abundance; you can quit smoking, create self-esteem, loose weight, get organized, make money, and create the warm loving relationship that you have always dreamed about and so much more. Behavior modification will be the “icing on the cake” that will set the wheels in motion for a wealthy life. This process allows you to utilize the Law of Attraction in a very beneficial way! This is your how to of wealth management.

The Law of Attraction is a universal law that does not discriminate on who it does and does not affect. There is no secret here. It is a never ending force that you have complete access to through the control of your thoughts and beliefs. If you choose to believe that life is what it is, and there is nothing you can do, then that is what you will attract–nothing. If you make a commitment to yourself through conscious awareness and positive affirmations, along with behavior modification, you will start to see positive wonderful things appear in your life. Whatever your definition of wealth might be, it will now start to appear. So I ask you, what do you have to loose at this point by trying to change what you think about? Make the commitment to yourself and utilize the Law of Attraction to your advantage. Wealth management is only a thought away!

Blue S asked:


In the long run, which will be better-paying? In terms of workload, what does each entail? Answers preferably in a Singapore context.

PatrickJohnson asked:


Answers about Money Management

Many people start their adult lives without a lot of help in of money management. People aren’t taught much about it in school. That’s why, when you enter your professional life, you should see what a Denver money manger can do for you. You should work with the Denver money manager and examine how to make your money grow. They can give you

recommendations for what you should do in order to meet your investment and retirement goals.

Finding the Right Manager

Don’t think all money managers are the same. You want a Denver registered investment adviser who has experience and training to help you find the answers to your problems. These registered investment advisers can explain the rules of the market and how to invest and help you understand the adjustments to make to grow your portfolio in today’s business climate.

Taking Care of Business

Another trap to avoid is thinking money management and planning are only for the future. The present is important, too. For a Denver money manager, the key is finding out what part of your income can be put away in order to start growing saving and what money you can use for other savings plans like education, a home or starting a business. By consulting an independent financial adviser in Denver, you can assure your money is going where it should.

Looking into the Future

If you want a stable and financially sound future, you should meet with a Denver retirement planner. To learn more about Denver wealth management, you need to have a plan for your money, how it will grow and how it will benefit you after you’ve stopped working. How will you spend your retirement years? Will you relax or travel? Will you have the money to do the things on your list? Meeting with a Denver retirement planner will make those plans come into focus.

Your Denver money manager should be experienced enough to help you with your needs. They need to be consistent with their advice. The Denver money manager you pick should also stay for the long term, so they can see how your money is working over the years.

One person who will be able to help you at all stages is someone like Patrick Johnson. With Patrick, you get someone who will work with you and your money now and in the days to come. Patrick will listen to your plans and use them to come up with a customized blueprint of what you should do. And, as a fee only financial planner, your best interest will be first, not his commission plan.

Max Ng asked:


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 rich people keep getting richer faster! This is because they have a good foundation to create their wealth just like a tall building has a strong foundation to build more storeys.

What are the foundations of wealth creation? After reading a few books on wealth creation including the Rich Dad’s series by Robert Kiyosaki and attending a few seminars on wealth creation, I have identified a few foundations for wealth creation based on my understanding.

Firstly, I need to have a physical health so that I have the physical energy to work hard. Imagine if I am always sick, I will never be able to concentrate on my work. Progress will be always hindered by my poor physical health.

I will need to exercise regularly to keep my body fit and healthy. Lack of exercise will cause my body to have poor immunity to diseases. I will need to watch what I eat and drink so that I can remain healthy. Eating junk foods and drinking liquors excessively harm my physical body. Also, I will need to rest enough to ensure that I have ample energy to work on my plans. Lack of sleep will cause me to be forgetful and make mistakes in my plans to gain financial freedom.

Secondly, there is a need for me to have good mental health so that I can concentrate on my plans to achieve financial freedom. If I do not have good mental health, I will lose focus easily and get distracted by other things.

I will need to practice concentration meditation regularly to keep my mind fit and sharp. Lack of concentration exercise means I will not be able to focus on my plans totally and thus prone to making careless mistakes.

Making genuine mistake is good but making careless mistake is bad. Careless mistakes are mistakes that I have already learned and become aware of. Thus, there is nothing much I can learn from these careless mistakes that will accelerate my path to financial freedom.

If I have made a genuine mistake, then I will be able to learn something from this mistake. The purpose of learning from mistake is so that I will not repeat them again as highlighted in the Rich Dad’s series by Robert Kiyosaki. If I keep repeating the mistakes, then it defeat the purpose of learning from mistakes.

Thirdly, there is a requirement for good emotional health so that I will not get emotional over my decisions. I need to practice insight meditation to understand how my mind works. By understanding how my emotions arise and fall in my mind, then I will be able to manage my emotions better. If I can manage my emotions properly, then I will be able to make decisions based more on logic than emotions.

For example, if I cannot manage the fear of failures, then I will not be able to make the decision to master any skills that are essential for wealth creation. This is because failures are part and parcel of the learning process. If I can manage such a fear, then I will be able to master any skills quickly.

Next, I need to have a good spiritual health. That can be achieved by doing good deeds to help the needy around me. It may not just be money that they required. Learn to give love and care, time to listen to them and so on. This will help me to build a peaceful mind. If I have a peaceful mind, then I will be able to perform better in whatever I am trying to achieve.

Just like a tall building needs different layers of foundation. I feel that there are different layers of foundation required for wealth creation. What I have described above is just the first layer of foundation. Without a good physical, mental, emotional and spiritual health, there is no way I can face and manage the challenges in life well so that I can succeed in life.

* DISCLAIMER *

The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.

Ranju Kumar asked:


If you own and/or operate your own business, did you know that you can take a cut shot to be a profit masters? That is right! All you have to do is be a golf course builder to attract the customers that you desire! In golf, a cut shot is normally referred to a shot that is played for the purpose and intent of getting the golf ball to go around, over, or under a specific obstruction. It is a risky shot, to say the least, but if it is successful, you will be that much closer to a victory.

When we have our own business, there are many obstructions to overcome in order to build the success that we desire. The biggest challenge is getting customers. Think of the world as free land to build a golf course. You have to be an outstanding golf course builder to attract the customers that you desire!

1. The very first step to getting people interested in the course that you are building is to convince those people that you are an expert as a golf course builder. When it comes to your home based business, of course, you are not really building a golf course this is all just for the sake of comparison. The same concept holds true for any industry that you become part of you must establish yourself as an expert in your industry. If you do this, they will come.

2. In order to become a profits master, most golf course builders will offer some sort of special deal on the first month of membership. This may include buy a month, get a free month, or just the first month being free, and so on. The thing is, these profit masters offered something for their customers up front to attract them into the golf course itself. If you have a business and want to bait potential customers into your website, you should offer something up front! This may be a free gift, a free membership, or even something as simple as an eBook. Once your have the customers hooked, they will swim right towards you.

3. Most golf course builders know the need to have a service that teaches individuals who want to learn golf, how to play. This is all part of building up their business. When it comes to owning and operating your own home based business, it is important to have an area where you teach potential customers, and even potential affiliates! Customers are curious by nature. You should have a F.A.Q section that details the answers to any and all questions that a customer has.

If they are looking for specific answers and cannot find them, they will leave your website and probably never return. First impressions are essential when it comes to obtaining new customers. As shown here, you can easily become one of the many profit masters in the world that are also considered to be a golf course builder! All you have to do is consider the outline above, and put it to work for you! If you would like to know more about making the world a personal golf construction project to attract customers.

Wain Roy asked:


Investments are the rose-beds for old age. So it is imperative that you invest and ensure a comfortable future, after you retire. But investment involves a lot of strategy and planning. A smart investor would know what to invest, where to invest and most importantly, when to invest. As far as this ‘when’ goes, it’s always best to start building one’s nest early and hoard enough to retire at 50. That way, you can devote big time doing things closest to your heart post-retirement.

There are several ways to build one’s funds, but one must weigh the stakes and opportunities of every investment vehicle. The idea is to work hard, spend judiciously and save consciously. Unless you save at least 20%-25% of your income, you’ll probably not make it to an early retirement.

The big question is “how”?

Well, let’s begin from home. Cut down your expenses. Too much of eat-outs or unplanned spending are the usual deterrents to your savings. So check that. Then, may be changing your Lexus for the new Audi, and that for a Benz, all in a span of 10 years wouldn’t be a nice idea if you’re willing to build a ‘nest’. However, you must not stifle your living. Stay in the comfort zone, but be prudent.

Another significant way to grow your nest is by investing on a 401(k) plan, if your company offers one. A 401(k) has superb benefits—your money is directly saved from your paycheck, the money grows tax-free until withdrawn and your employer matches a percent of what you invest.

Next, invest your on IRAs. The traditional IRAs provide attractive benefits like the 401(k): it’s tax-free till withdrawn, you’ve a chance to deduct your contribution on your tax return, you can invest in anything. And if it’s a Roth IRA, you can’t deduct your contributions; but, you can withdraw money anytime tax-free and without penalty. The best part is: the money you reap from a 401(k) or IRA is taxed as your ordinary income. So it’s favorable for you.

Often people tap into the retirement savings prior to retirement. But this is totally uncalled-for as this leaves you with a much smaller nest after taxes and penalties.

Another common method to build funds is to invest in stocks. Though the stock market is never constant and is a risky mode of investment, the rewards are far too good to miss. It’s a huge advantage if you manage to understand stock market trends and invest accordingly. Keeping an eye on stock charts, or staying tuned to the market news helps a good deal on this regard. There are several websites dedicated to these. You may also consider taking a fund manager. But you must have 75%-80% of your portfolio in stocks, the market staggering notwithstanding.

So save throughout your career. And when the nest is ready, give wings to all your crazy desires for the rest of your life.

Vanessa asked:


I am starting a new job at a very conservative Private Wealth Management company in an administrative role (aka bottom of the food chain, secretarial w/room for advancement). I am not very familiar with this particular region of the financial world. I need some advice!! Dos and Don’ts. good books to read, ect. Anything would be helpful, I want to walk in as prepared as I can be. Thank you!
Thanks for any advice!

Eric Fields asked:


Your advanced wealth planning strategies should not consist of you going it alone. The key to advancing your wealth is building a quality team of advisor’s. Your advisor’s will make you or break you. Advancing your wealth cannot and should not be done by yourself. Many people make the mistake of doing everything themselves. Doing everything yourself is fine but if you want to increase your wealth you will need advisor’s. Money is an emotional subject for many people. Everyone goes through money problems (even the very wealthy), how you and your team handle your money problems is what counts.

First you should hire a bookkeeper. In order to increase your wealth you must know what direction your money is flowing. Is your spending helping or hurting you? Yes there are many people who balance their own checkbooks but you need an outside opinion. The amount of money you are making is irrelevant when it comes to hiring a bookkeeper. Whether you are making 250,000 dollars a year or 25,000 dollars a year you should still have your own bookkeeper. Once you have your bookkeeper you can now go over your monthly financials. You will see what good and bad spending habits you have. Then you can work to out the bad spending habits and increase the good spending habits.

The next adviser you should have is your financial adviser. Hiring a good financial adviser is one of the best moves you can make. He can help you plan for retirement and other things. Having a 401 K with your company is not enough, be sure to get a financial adviser.

Getting a tax strategist should be your next step. It really does not matter if you are self-employed, own your own business, or have a 9-5 job. Getting a tax strategist is essential because your eyes will be opened when you see the way money is taxed for different people. You will also see how people are penalized with heavier taxes by bringing in a certain type of income.

When choosing your advisor’s choose carefully. Do not just hire an adviser who makes money off of commissions. You want an adviser who practices what they preach and is successful at it. Your advisor’s will be able to help you setup many advanced wealth planning strategies.

Anton Kadin asked:


Sometimes financial matters become very cluttered and it becomes very difficult to manage it, specially if you are a high net worth individual or if you are running your company. Your different elements of finances must be weaved so that it can provide better returns to you in the long run. And to achieve this you need to take certain good financial decisions in which a wealth management company helps you.

So many people ask as what exactly a wealth management company do. Is it just a company like any other financial service providers? Let me tell you that it is not just a company but it is a collection of various financial experts who have developed expertise in their own domains. They study the financial market deeply, analyse it and speculate as what would be its new turn. They study about latest market trends and its strength and weaknesses. They also know different opportunities and threats of any market segment. Now, you would have understood its significance.

In fact, it works with the help of different financial tools like stocks and stock trading, structured investment products and derivatives, equity linked investments, structure savings products, unit trusts, property management and investment solutions and alternate investment options. You can get a wide range of wealth management strategies and a good wealth management company can devise a bespoke investment plan for each of its clients.

Also, a wealth management company studies your wealth plans and suggest various services regarding tax services,investment management, financial education and planning, personal banking, custody, pensions, insurance and corporate and fund administration. These services can be managed efficiently if you utilise the prescribed financial tools efficiently. You can also seek suggestions regarding asset management solutions.

Therefore, get knowledge about pension solutions, investment management, inheritance tax, mortgage services, protection solutions etc. from experts of wealth management company and give new directions to your financial decisions.