Deep in my heart I reached the ideal of becoming Millionaire my family is the beginning, my life is on its way with all the positive acomplishments of humanity make this one be a way with heart a practice of will power. One million in less than five years...Welcome to my journey.
Suddenly on my journey to make one Million Euros in less than 5 years the temperature today dropped down around 5 degrees here in Helsinki, quite cold and rainy and now tonight the humidity and the multiplicity of projects let me relax and foresee some new future Investments. and here is a good one to begin with:
Pacific Tycoon - Container Investment
Pacific Tycoon is an established and recognized leader in the shipping container leasing industry. Together, private investors and the experienced staff at Pacific Tycoon work in partnership to identify prospering marketplaces that will consistently deliver profitable returns, on every shipping container investment.
Pacific Tycoon specialises in high yield hard asset management, a boom industry that is demand led and propelled by 90% of world trade. This facilitate the global logistics of domestic, business and industrial goods. Pacific Tycoon specialises in high yield hard asset management, a boom industry that is demand led and propelled by 90% of world trade.
Pacific Tycoon shipping containers facilitate the global logistics of domestic, business and industrial goods. Pacific Tycoon Ltd leases containers owned by individuals and rents them to the shipping industry. Embedded amongst the growth engines of China and the East, we secure returns that are superior to top competitor indices year in year out .
For an Investment of as little as $ 3900 USD you could get a 12% ROI, Have a look and let me know How it went.
My purpose to make one Million Euros in less than 5 years seems more than possible considering all the substancial factors that we are experiencing in the financial world today!
The Federal Reserve has now the power to revitalize the U.S. Economic recovery with a plan to pump $600 billion into the financial system, this move is designed to stimulate the economy in large part by lowering mortgage and other interest rates.
Although the approach carries significant risks for both the economy and the central bank's credibility, the steps announced by Fed policymakers could represent the nation's best hope for breaking free of sluggish growth, especially with bold initiatives unlikely from a newly divided Congress.
The Fed usually manages the economy by adjusting short-term interest rates. With those rates already near zero, Fed officials had to dust off a strategy for boosting the economy that debuted during the darkest days of the financial crisis. The Fed plans to create money, essentially out of thin air, and then pump it into the economy by buying Treasury bonds on the open market. These purchases are to be finished by the end of June.
Using this technique, called "quantitative easing," the Fed bought more than $1.7 trillion in securities during the financial crisis and in its immediate aftermath. The central bank's holdings jumped to their current level of $2.3 trillion, and the figure will approach $3 trillion when the new purchases are complete. This new wave of bond buying is a dramatic turnabout for an institution that just six months ago, amid a false spring in the economy, was weighing how it would begin unloading all the securities it had purchased.
The Fed action, will make it cheaper for Americans to take out mortgages and for businesses to borrow money to expand, all these events influenced the market even before the steps were formally unveiled. Average mortgage rates had already fallen from 4.5 percent for a 30-year fixed-rate loan over the summer, when Fed officials first said they were considering new steps, to 4.2 percent last week in USA the collateral effect was already visible in Finland with an average mortgage rate of lees than 3.5% for a 25- year fixed- rate loan (a perfect time to get a new appartment if you can get and manage a loan) .
The stock market, meanwhile, moved higher and the value of the dollar declined about 14% over the past two months in anticipation of the central bank's action.(here comes another temporary "market contradiction" How can we see a recovery with such a declined currency?
"This approach eased financial conditions in the past and, so far, looks to be effective again," Fed Chairman Ben S. Bernanke wrote in a Washington Post opinion article published Thursday. "Stock prices rose and long-term interest rates fell when investors began to anticipate this additional action. . . . Increased spending will lead to higher incomes and profits that, in a virtuous circle, will support economic expansion." I don´t quite agree with the second paragraph but I know I can play the game .
Mortgage and other interest rates could again decline in the coming months if the economy weakens and the Fed expands its purchases further. But those rates could just as easily increase if the economy starts picking up and the Fed ends its purchases as scheduled, or perhaps curtails them sooner. The action might also be suspended or scaled back if inflation spikes to dangerous levels.
Inflation is not the only risk that the Fed's initiative entails. It could cause new bubbles in the stock market or housing prices, if asset prices rise beyond what's justified by their fundamentals. Also, the value of the dollar could decline rapidly. We have the risks of future financial imbalances and an increase in long-term inflation expectations that could destabilize the economy.
Some analysts doubt the effectiveness of efforts to further reduce long-term interest rates, because they are already exceptionally low and credit, at least for larger companies, is easily available.
I really hope that all the Fed officials really know what they are doing, if they are playing with the economy with $600 billion in bonds it is feasible that knowing what I´m doing gets me just a Million €.
Fed officials viewed their move Wednesday as roughly equivalent to, in normal times, cutting their short-term interest rate target by three-quarters of a percentage point. That is enough to provide a real boost to growth but is not a shocking, unprecedented amount of monetary stimulus. And Fed officials framed their decision as being designed to fulfill its "dual mandate" to maintain maximum employment and stable prices. Now I wonder How helpfull was the idea of the economics nobel prize winners on this issue? employment and stable prices?
Have a good one, in the short term let's keep investing but the reasoning behind bonds is as follows:
A Bond is simply an 'IOU' in which an investor agrees to loan money to a company or government in exchange for a predetermined interest rate.
If a business wants to expand, one of its options is to borrow money from individual investors, pension funds, or mutual funds. The company issues bonds at various interest rates and sells them to the public. Investors purchase them with the understanding that the company will pay back their original principal (the amount the investor loaned to the company) plus any interest that is due by a set date (this is called the "maturity" date).
Bonds provide an element of stability that offsets some of the volatility of stocks. However, they are vulnerable to economic changes that can undermine their value.
The biggest economic threat to bonds is rising interest rates. If you own a bond and interest rates go up, the value of your bond on the open market, with few exceptions, will go down.
Of course, if you plan to hold the bond to maturity the value of your bond doesn’t change because interest rates change. You’ll still get the amount promise when you bought the bond, all other things being equal.
However, if you plan to own bonds for investment purposes - that is you buy and sell bonds as you would stocks - then interest rates are very important.
Bond prices move inversely to interest rates. When interest rates go up, bond prices go down and when interest rates go down, bond prices go up. Remember, we’re talking about previously issued bonds trading on the open market.
Lately I have been finding ways to acomplish the objective of one million euros in less than five years and I see a trend in brand Stores all around the world, stores that are doing more than well, sales rising, while those stores aimed at the middle class and lower struggle. Here's what that means to the economy, and investors.
The high-end yachts are doing much better than the small wooden boats to put it this way.
Recent shopping trends show that the wealthy are living it up again -- spending on expensive jewelry, luxury handbags, designer clothing, nice cars and other high-end pleasures. But the recovery has done little to boost the spending of the average wage earners shopping at places such as Target in the US and Alepa in Finland.
The reasons for this dichotomy are quite simple, reflecting overall trends in the economy:
* First, the world is still out of jobs that vanished during the recession. One in six people is out of work, and many who have jobs are worried about losing them. Though job losses have hit every level, the wealthy have bigger cushions to fall back on.
* Second, the stock market has rebounded sharply; it's up about 60% from the lows of a year ago. Driven by this, household net worth advanced significantly at the end of last year. The benefits tilt strongly toward the wealthy, who have proportionally more of their money, and simply more money, invested.
The world's point of sales terminals show the impact of this as well as anything. Wealthier people feel confident enough that they've started shopping again, boosting sales at higher-end retailers such as Tiffany, Nordstrom and louis vuitton to name a few.
Here's something else that helps the wealthy: Though hiring is scarce, executive bonuses are flowing, and they are definitely back on Wall Street after falling sharply in 2008. And sales at Tiffany's flagship store in New York City shot up 20% over the past holiday season and up 15% in louis vuitton store in Helsinki.
Working middle-class families, meanwhile, remain antsy about spending. And sales at the places they generally shop, like Target and Wal-Mart Stores in the US and Dressman and Alepa stores in Finland continue to languish.
Although the recovery was meant to lift the economy as a whole, the effects so far have been felt mostly by the wealthy. The wold is presiding over a Millionaire man's economic rebound.
There's definitely a recovery in the upper end you can see it, the affluent consumer is really more confident that the worst is over. The lower end is really suffering badly, and I don't see any great turnaround there at all unless we get the necesary confidence to continiously start investing.
If you still need convincing that this is a Millionaire man's recovery, take a look deeper into shopping patterns over the past several months. Sales at stores open more than a year are the best measure of shopping trends because this strips out the effect of store openings.
At Nordstrom, where shoppers can drop $2,500 on a variety of Versace New Couture handbags or $1,295 on a Burberry pleated trench coat, sales at stores open more than a year were up 10.3% in February. January was even better: Sales advanced 14%. Fourth-quarter sales increased 6.9% from a year earlier, driving earnings up 152% to 77 cents a share. All of this came despite Nordstrom's heavy exposure to economically hard-hit California.
At Louis Vuitton, where scarfs in a new line named Helsinki changed from €350 to €390 each but the pricier ones cost €500 or more, sales of handbags and accessories advanced 15% in the most recent quarter. This helped Investors buy back more shares, enriching shareholders even more.
In contrast, sales at Target, where handbags start at $8 and rarely run above $30, sales have barely budged, up 0.6% in the most recent quarter. In Alepa sales recovered a bit for a 2.4% gain in February due to a 24 hour open store. Tellingly, sales that month were strongest for food, household essentials and other basics. Spending on discretionary items such as apparel and decorative items for the home were flat or down in February.
At Tiffany, where the wealthy shell out $6,500 apiece for the high-end jewelers' popular "Petals" key pendants, U.S. sales were up 12% in November and December, and worldwide sales were up 8%.Things are going so well that Tiffany upped its dividend to shareholders by 17% in January.
Compared with a year earlier, Polo Ralph Lauren saw its cash levels double in the most recent quarter to $1.3 billion, thanks to a healthy sales increase of 6%. In contrast, at Dressman, where men's shirts go for €10 to €25, sales dropped 4.5% in the most recent quarter.
Take a moment to see the big picture and you see more signs of this dual-level rebound in the economy:
* February sales of luxury items (excluding jewelry) were up 15.2% from a year earlier, according to MasterCard Advisors a division of the credit card company MasterCard that tracks consumer trends. In contrast, overall retail sales were up about 4% last month.
* A February survey by credit card company Discover Financial Services indicated that 36.5% of people earning more than $75,000 a year believed the economy was getting better, compared with 24% of people making less than $40,000.
* The more affluent were making more shopping trips than the less affluent throughout 2009 and early 2010, according to James Russo, the vice president of global consumer insights at Nielsen.
* The wealthy appear to be spending more vigorously on housing, because the prices on high-end homes have held up better than prices at the lower end in the US making this an exclusive exception in the Finnish market in which small apartments are selling more lately.
* while companies cut back on bonuses last year, the reduction hasn't been that great. Based on a look at 232 publicly traded companies with more than $1 billion in annual sales, bonus pay dropped 12.6%, on average, to $812,799 from $930,133 in 2008, according to Equilar, an executive-pay research firm. Bonuses grew sharply at financial companies -- to an average of $576,294 in 2009 from zero the year before.
"At this time last year, high-end consumers were in panic mode, and they really pulled back on spending," says an economist. I think they have exhaled. The stock market is up 60% to 70%, and the housing market has stabilized, so they feel much more comfortable and are starting to spend more.
In contrast, middle- and lower-income households are earning less, saving more and worrying about their jobs.
As an investor, the key is to remember that this economic picture may soon change. there could be much more upside for stocks overall despite the yearlong rally. Many investors still expect a "new normal" ahead an extended period of moderate consumer spending and subpar growth. If the next months we will see broader growth, that'll finally lift all boats.
You could find a lot of life left in the stocks of high-end retailers such as Tiffany, Loui Vuitton, Polo, Ralph Lauren, even though their stocks have all doubled or more in the past year. They now trade near their average price-to-earnings ratios over the past five years. That suggests they are not great deals now. However, that will change if the wealthy keep spending more, driving up nice cars and accelerating revenue and earnings and here comes a final idea How the Millionaire man's got there in the first place?
The answer might be simple but is not I might say they got there by Compounding, the return from an investment that includes the effect of dividends or interest added to the original sum. Thus the compound rate of interest on a savings account assumes that periodically interest earned is added to the original principal and future interest is earned on both principal and interest earned. In most investment calculations, compounding periods are a year but compounding periods can be for any lenght of time. The compound rate of return and here is the trick... is the geometric mean.
"Compound interest-the greatest invention of all time"-Albert Einstein.
To conclude this post I have to mention that I found a hobbie that could make me reach my objective sooner than later appart from Investing lately I have been learning some tricks at the wildest pocker tables(therefore see the next video of Patrik Antonius a finnish pocker player)...the objective is here and will become my reality...in my next post I will Introduce a resemblance of a Mexican friend living in Helsinki giving a diverse opinion on how to Become Millionaire meanwhile Post your comments..questions...suggestions but among all ENJOY!!!
This post is about a major shift in my way of thinking that occurred a year ago, a shift that caused a dramatic improvement in my enjoyment of life. If you’d like to experience more joy in your life right now instead of merely hoping things will get better in your future, you might find my story helpful.
During February 2009 I was developing and implementing payment applications in the payment industry in which I still work at the moment, then one of my goals and the reason of this blog was to become Millionaire in less than five years. I figured that would be a very positive goal to achieve, one that would give me a lot more freedom, one that would really challenge my past objectives and the general perception of wealth. However, I noticed that even though I was working in a good industry, I wasn’t enjoying much freedom in the present. I had to answer to customers, directors and other stakeholders. I had to meet deadlines set by others. And I had to do many tasks I didn’t particularly like. When I gazed into the future, I saw the potential for wealth and freedom, but in order to reach that point, I would have to endure a definite absence of those qualities in the present.
Initially this plan of delayed gratification seemed sensible and intelligent to me. Shouldn’t I make sacrifices while I’m young in order to create a better future for myself? Wouldn’t it be great to become a Millionaire in my 30s?
But something about that mindset didn’t sit right with me. My intellect liked it, but my intuition kept fighting it. I experienced a major head-vs-heart battle as I pondered the issue of sacrificing freedom in the present in order to achieve supposedly greater freedom in the future. I figured it was just a matter of discipline and self-sacrifice and that in the long run, all my efforts would pay off. But after just a year of hard work and encountering some major roadblocks along the way, I felt like I just wasn’t getting any closer to my goal. It always seemed to be just a few more years away.
While organising my old bookshelf I found one day not long ago, certain book a book that practically jumped off the shelf at me: a book of my all time favourite Mr. Gurdjieff. I had such a strong intuitive sense about the book that I just read it again right away.
One if the main ideas of the book is the: "Here and Now" that simple idea continues to swirl about in your consciousness weeks after you’ve read it. It left me permanently changed.
The basic principle of the book is quite simple — nothing exists outside this present moment. But that’s a very different way of thinking than I was used to. I used to think of my lifetime as a line segment from birth to death. The present moment was a single point on that line moving slowly forward. The past was the part of the line behind that point, and the future was the part ahead of it. After reading Mr. Gurdjieff again and again and again, I stopped thinking of my life in this way. I finally understood that this model was extremely disempowering.
The Here and Now taught me that there is no line segment. The point is all there is. The past and the future are illusions. They only exist to the degree we focus our attention on them right now. We create the past and the future by imagining them in the present. But we don’t even exist outside the Now.
This might seem like just a semantic difference, perhaps even an erroneous one, but it was a radical new way of thinking for me, and I was eager to test it. As I grasped the idea that nothing exists outside this present moment, I turned my overall life strategy upside down. I understood that if I am to experience anything in life, I must create it in this moment, so here it comes Millionaire Here and Now!. It must exist in some form right now, or it doesn’t exist at all. So the idea of creating freedom and wealth in the future by constraining myself in the present was nothing but a fool’s errand. That future would never arrive as long as I was creating confinement and scarcity in the here and now. The future is certainly a convenient mental construct, but I found that projecting too much of what I wanted into my future was hurting the enjoyment of my present. What’s the point of working to create a future of joy and freedom if my present reality is just the opposite? If I wanted freedom and wealth in the future, I had to seed its creation right here, right now. The only power I have to create anything is here in the present. I adopted the mindset, “If it doesn’t exist in some form right now, it never will exist.”
This shift in thinking produced a significant shift in my priorities. I began focusing more of my energy on improving the quality of my present reality instead of projecting all those improvements into the realm of someday. I started asking questions like, “How can I experience more joy in this very moment?”
Some basic changes in my attitude have been taking place in my way of living I eventually stopped doing what I dont like and shifted my focus to personal development. Why? Largely because I enjoyed personal development more than anything else. I got rid of some projects and began working more time from home. I stopped doing deadline-oriented project work and started blogging and writing articles I could complete in a single sitting. I started taking more time off. I began doing more things I enjoyed, such as exercising, reading, meditating, and spending time with my wife and my son. I became less stingy with my cash and began spending it more liberally when the situation warranted.
I was initially concerned that focusing too much on the present moment would make me shortsighted. But my experience has been just the opposite. I’m still able to make plans for the future and work on long-term goals. In the past I would set goals because I believed that achieving those goals would increase my happiness. But now the flow goes in reverse. Today I set goals to increase my expression of the happiness I’m already enjoying... including the money.
With this personal development business, I also want to keep building web traffic. But now it’s mainly because I’m so passionate about the work I’m doing that I want to share it with as many people as possible. Again, the flow has been reversed. I don’t look to this business to make me happy. I look to this business to express my happiness outward and to share it with others.The big irony is that my future is in much better shape even though I focus most of my attention on the present. By making my present reality as enjoyable as possible, my motivation has just been soaring. I’m working from a state of joy instead of a feeling of obligation. I write because I enjoy writing, not because I feel I must keep writing in order to make money. If I don’t feel like writing, I don’t write. Whenever I feel like taking several days off, I do that, In fact in a couple of weeks I will take a trip to Amsterdam to visit some great friends from the past to mantain my present alive
I’ve actually created the very situation I was hoping money would someday grant me. I imagined what I would do if I was already rich beyond my wildest dreams. I saw myself spending lots of time working on personal growth, doing all sorts of interesting experiments, and then sharing what I learned with others. I thought to myself, “That would be a truly incredible life for me.” But instead of waiting to become rich first, I decided to find a way to make it happen right now, even if I’d only be doing it for free in my spare time. I realized that telling myself I would do certain things after I was rich was just an excuse. Do you ever catch yourself saying, “Someday when I’m rich, I’ll do X”? Deep down you know that it isn’t a lack of money that’s holding you back though — it’s just fear. Why not find a way to do those things right now, if only on a small scale?
This line of thinking produced some amazing results for me. Even though I don’t have millions of dollars in the bank, I feel like I’m already living the way I would live if I were financially set for life. If I won $100 million in the lottery, I’d keep doing what I’m doing right now. The money would simply expand my capacity but not the essence of what I’m doing. What would you do if you were already set for life? Figure out what that is, and find a way to begin doing it on some level right now.
Today I’m so happy it’s almost ridiculous. I couldn’t even have imagined being this happy on a daily basis a year ago. And I certainly wasn’t depressed back then — I was at least content. But now my default emotional state is highly positive, not just neutral. I stopped seeking happiness in the future and instead looked for ways to create it right now.
I’ve noticed that the happier I feel, the less attached I am to outcomes. Instead of trying to acquire money, possessions, or other externalities, my focus has shifted to self-expression. I have a burning desire to create. Instead of having a craving to eat, it’s like I have a craving to cook. But of course by focusing on expressing instead of acquiring, I end up doing the very things that enable me to easily acquire whatever I want. Really I’m just doing what I love most. Infact I was talking with a colleague from the office and I was stating the simple idea that the biggest pleassures in life are FREE, (just deep inside think about it)
How do you feel about your life right this moment? Are you gushingly positive and overflowing with passion?
Or do you find yourself stuck in the same situation I was in a year ago, sacrificing your present happiness for the hope of a better tomorrow? How is that strategy working for you? Are you becoming significantly happier and more fulfilled with each passing year? Or are you just running on a treadmill while trying to convince yourself that someday things will be better?
There is no someday, you know. There is only right now. If your current life path isn’t a joyful one, turn around and take a different path. Other people will probably whine about your decision — no one on the treadmill of unhappiness likes being reminded that it’s possible to get off at any time. Of course I´m still after the Million but now it´s clear that it is not my Everything because maybe the seed of humanity was harvested on earth for other purposes...
Keep the attitude and I will be glad to read your comments. ENJOY AND SMILE!
After spending most of my time celebrating in Mexico with family friends and people,and after organising some future Investment projects for Helsinki, and with my purpose of making one Million Euros in less than five years while reading the Forbes List I realized that the Richest Man on earth is Mexican and not to be so surprised he shares also my name Carlos.
Finaly in 2010 the richest man in the world is the Mexican telecom giant, Carlos Slim. That is according to Forbes magazine which has just released its annual list of the very rich people.
It is the first time since 1994 that an American has not led the ratings and it means he has knocked Microsoft founder Bill Gates into second place and the guru of Investing Mr. Warren Buffet.In his annual shareholder letter Buffett wrote, "We've put a lot of money to work during the chaos of the last two years. When it's raining gold, reach for a bucket, not a thimble." Finland this year welcomed its first billionaire.
The listings are not just for the curious, Steve Forbes who is the magazine’s Editor-in-chief said they are a snap shot of where money is being made and where it is being lost: “Carlos Slim is ahead by about 500 million, which in that atmosphere is pretty close, about 53 and a half billion to 53 billion.
Here is the top ten Millionaires of the world:
Carlos Slim Helú William Gates III Warren Buffett Mukesh Ambani Lakshmi Mittal Lawrence Ellison Bernard Arnault Eike Batista Amancio Ortega Karl Albrecht
The interesting aspect of all this is that despite a world recession 97 new billionaires have been added to the ratings, 62 of them from Asia.
The world’s youngest billionaire is 25-year old Facebook founder, Mark Zuckerberg, with a net worth of four billion dollars.
And now that suddently we ended up talking about facebook here goes an article that I wrote a month ago to be published in the Helsinki Times However as I did not see the results promissed here it goes right here...Enjoy:
FACEBOOK THE NEGATIVE AND POSITIVE SIDE OF IT
Facebook was founded in California in 2004 and has become the most popular online social networking service with more than 350 Million users, eclipsing News Corporation-owned MySpace. A few months ago it was revealed that a Russian Internet company is offering to buy $100 million worth of stock from Facebook employees in a deal that would value the fast-growing social network at $6.5 billion.
The Russian company, Digital Sky Technologies (DST), which invested $200 million in Facebook in May, is offering $14.77 per share of Facebook common stock. Facebook's chief executive said at the time that the decision whether to sell stock was up to employees and that the offer "is recognition of Facebook's growth and progress towards making the world more open and connected."
US computer software giant Microsoft bought a 1.6 per cent stake in Facebook for $240million in 2007, a deal that valued the company at $15 billion. While its number of users has grown at an amazing clip, Facebook, unlike other Web giants such as Amazon, eBay, Google and Yahoo!, has yet to prove how it is going to translate traffic into cash.
Facebook CEO Mark Zuckerberg said that Facebook would be cash flow positive by 2010 and the group is considering introducing more paid-for services to Facebook. Today, more than 350 million people are using Facebook to stay updated on what's happening around them and share almost everything with the people in their lives.
But this unlimited type of sharing could bring Negative and Positive consequences for example the privacy issue: from last December onwards, all Facebook users’ status updates are made publicly available unless the user actively opts to change the settings and make it private. Users were alerted to changes via a ‘Notification’ posted in the bottom right hand corner of the site.
The site users were also given the opportunity to change settings on things like photographs and videos they upload to the site. However, the changes sparked criticism from internet users’ rights groups who said the move was a way for Facebook to facilitate more people making more personal information publicly available without realizing it.
The changes also followed agreements Facebook signed with both Google and Microsoft’s Bing, to allow people’s status updates (which are not set to private) to be indexed by both search engines in order to enable the search giants to provide real-time results creating an amazing marketing strategy targeting all ages and interest of people in real time.
But I don’t personally believe or buy everything that they offer me, so here comes the free will to accept the privacy settings or deny them, to buy all that is offered to me or ignore it, to be a part of facebook or simply skip it. Another much more dangerous side of it could be found in Mexico by kidnapping people. When in June 2008, Fernando Marti a 14 year old boy was kidnapped and murdered; there was a great concern in Mexico. He was the son of a very prosperous business man in Mexico, owner of Sport City, a nationwide fitness center consortium. While the parents waited to hear from the kidnapers, they find out that people were searching for information on facebook, at his son’s site, and circulating the life and style of his son through this social network.
Rumors were epidemically circulating thought the media, blogs, facebook and internet, about the high possibility that the kidnapers had gathered the information about their lives from facebook. Friends, family, trips, everyday social life, were all shown through this site. While people spread out the word that facebook could be used to gather information for the kidnapers to select their victims, and many users remove their information or camouflaged their identity, there are other rumors concerning criminals searching for victims on facebook when they post in their status that they will be having a weekend off, then criminals come in and steal everything. All of this gives us an idea of the different issues that we have to watch out while choosing any of this sites or tools to communicate and share our information. We need to be careful, cautious and informed. On a different end of events The fugitive Maxi Sopo, who is facing bank fraud charges in the US, was caught in Mexico after boasting on his Facebook page about 'living in paradise' in Cancun. Mr. Sopo, 26, from Cameroon, spent his days on the beach and nights in clubs. But his fun on the run came to an abrupt end after he started to post Facebook updates about his exploits - and added a former US justice department official to his list of friends. Because of that indiscretion, he is now in jail in Mexico City, awaiting extradition to the US. Federal prosecutors say he and an associate falsely obtained more than $200,000 from banks and credit unions in and around Seattle. "He was making posts about how beautiful life is and how he was having a good time with his friends,"
Of course there is also the Positive side of Facebook and one of it is the amazing possibilities of communication that it offers, real time information, contact with friends and family, for me it is a perfect tool of keeping my family close specially when they live on the other side of the Atlantic and I live in Helsinki. Facebook is a perfect place to publish this blog (http://millionairedad.blogspot.com)and get more followers day by day, I sincerely believe that the future is in the net as long as it is used properly, it is true that sometimes the speed of communication could be dangerous but we just have to adapt to the new changes and make the best out of them. So if you want to add me as a friend on facebook don’t hesitate to do it on your free will: Juan Carlos Moya.
Keep your comments coming and see you back in Helsinki in a week...
Day two on my task, besides a keeping my permanent job in the Payment Industry safe I´m also planning on expanding my horizons farther... by giving consultancy services and a couple of extra jobs, starting the year busy after a sweet holliday in México so If you're doing well financially, chances are you had help if not I will help you...
Someone, somewhere along the way passed along the idea of financial wisdom that you took to heart. Maybe you absorbed the messages over time from some role model, such as a parent or grandparent. Or perhaps you just heard the right thing at the right time from a friend, an adviser or even a total stranger maybe like me the ispiration came by a book.
If you're not doing well financially, maybe you're finally ready to hear some advice that could make all the difference.
With that in mind, I asked experts and friends alike to share the best financial advice they ever received. The results were varied and enlightening you are free to comment at the end and contact me .
Save
"No matter how much or how little you make, always save a little bit."
Pay yourself first Robert Kiyosaki's idea It's a reminder that whatever money comes into your life, you can (and should) be setting aside some of it.
"Save hard for the first 10 years of your married life."
Save hard for the first 10 years of your adult life" or "Keep living like a broke college student for as long as you can").
"Saving hard means having to make a lot of the right choices, "I researched every purchase, learned how to do lots of things by myself (car repair, sewing, cooking, home maintenance, etc.) and we could not only save money but we also used these skills to make money. When you are young, doing with less isn't a struggle because you aren't used to the luxuries yet.
We still save money even when we don't try to because we are in the habit of trying to do things ourselves, doing without if we can't find it at the right price, researching, waiting to buy, etc. We made a game out of getting what we want for less money."
Advice on spending
"Know the difference between needs and wants."
Several friends also mentioned different versions of this advice, which is key to controlling your spending. When you can't distinguish between real needs and mere wants, you're constantly talking yourself into spending too much, specially when going out and getting drunk.
"What do you need that for?" Annoying? Maybe. But "now I hear her voice in my head whenever I am spending money. It keeps me from buying a lot of crap that I don't need."It also helps tobecome more environmentaly friendly.
"You need food. You want prime rib. That example is perfect for the want vs. need debate in my head!"
'We have everything we need and most of what we want, too.' That would make me realize that even though we weren't the richest family in town, we really did have plenty. I still think about that today when I'm lusting over some ridiculously expensive item at the mall here in Helsinki. It makes me remember that I have a place to live, plenty to eat and a great family as well as much of the stuff I want. I (usually) put the item back on the shelf and walk away satisfied with what I already have specially in my mind."
"Think of the true cost."
Anything you want to buy involves a number of costs. The price tag is just the start."I have to give up the cash for it that won't be able to work for me somewhere else. Then I have to think of all the time and energy I'll waste cleaning this item, keeping it out of my kid' hands, and packing it up and hauling it somewhere else when we move in a year now. Most of the time, the true cost of the item is too high for me."
"Buy quality."
My Mom taught me to buy high-quality things at stores that stand behind what they sell. That way, if anything wore out or quit working before its time, she knew she could take it back -- and she often did. You actually save money by buying things of higher quality that last than by getting cheap stuff you have to throw away in no time."
"Live within your means," or, more elaborately, "Be careful of adding new expenses to the ones you've already got of course I can't get a Ferrari not now, but I will."
"So I'm always asking myself, am I putting out more than I'm taking in?" "If I am, I know I need to turn that around, because it is unsustainable."
"Don't pay interest on anything that loses value."
Avoiding credit card debt and borrowing only to buy property or other assets that will appreciate that's teh idea.
"Never pay interest on anything but real estate." In 6 years that I have spent in Finland, I have taken the advice to heart.
"We have never had a car loan or paid a penny of interest on credit cards. We have saved our money and invested our money SENT ME AN E MAIL IF YOU WANT TO KNOW MY PICKS.
i´m just starting out, but already living a variation on this advice, which is "save today for what you want tomorrow."
"We've both been saving for retirement, wedding and housing. The difference it will make is that we will be able to pay for things instead of borrowing or having (credit card) debt. Our lives together will be financially secure because of this!!!!"
Buildwealth!
"If you need more money, then go out and make more money."
There are limits to how far you can scrimp and save. Often the fastest way out of debt and into wealth is generating more income.
I was never afraid of hard work and we never lacked for anything as I was growing up," "They taught me that as long as there is health, anything else can be worked for. To me the word 'retirement' didn't exist specially in México. You work until you can't work anymore.
"Own your own business -- including the building it's in."
"Wall Street has developed lots of way more sophisticated methods for controlling risk but now the crisis keeps me focused on the real aim of the game, which isn't making money for its own sake, but to have enough of the stuff to get you where you want to go. It helped me get over losses in bear markets and in individual stocks. And reminded me that I can occasionally take a vacation, as long as the game in itself is fun and I'm not gambling more than I can afford to lose."
The Main idea of this blog is to have a glimpse and share some interesting ideas on how to make the best options to become extremely rich in a short period of time, personally after seking the peace inside my inner spirit I discovered that I also need to fulfill my material goals in life. This is the first part on the subject and I want to make clear the main idea of this post is to become Millionaire in a period of less that five years from today of course the sooner the better, and help others to make it I believe that sharing the various secreets to this task could be a great start(books, systems,investment strategies,models, secrets).
I will try to publish an article and some basic ideas on how to make money every week at least. I know the task is quite hard and I also know that it will require a lot of work.
But I want also to be the first example that it is absolutelly possible.
