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.
Slush is the focal point for startups and tech talent to meet with top-tier international investors, executives and media. This year, Slush brings together 15.000 attendees and more than 1600 startups for the two-day event. 800 investors arrived to Helsinki to meet startups in nearly 4000 pre booked meetings.
Slush is a non-profit event organized by a community of entrepreneurs, investors, students and music festival organizers. Although Slush has grown from a 300-person event to become one of the leading events of its kind in the world, the philosophy behind remains the same: to help the next generation of great, world-conquering companies forward.
Starting Wednesday 11.11.2015. the event brings together 15 000 people.
Slush was almost sold out already two days before the Event. If you are lucky you might get some tickets available for 12.11.2015 Thursdayvia this Link: Thursday Tickets
In total this year 15 000 people are expected to Slush 2015 in Helsinki , 1700 growth companies and 250 venture capital funds.
"It has been staggering to see that, especially international interest in Slush has grown even further. Yet more impressive is the fact that nowhere in the world has never been such a large number of early -stage technology companies with so many Investors ," Slush CEO Riku Mäkelä commented on the event release.
From the 1700 growth companies, 80% would like to recruit new talent. We know one thing for sure Slush has succeeded in one of its key objectives, namely to recruit the world's largest investors in the technology sector.
"This year, venture capital funds are greater than ever."
with 50% growth in the number of potential investment destinations with Money to be invested.
"Slush has incoming funds right now as an active investment activities, around 20 to 30 billion €"
However, startups and investors meeting area is two times bigger than in the previous year. Now at 200 meeting tables can accommodate up to seven thousand half-hour meeting, but even that is not enough.
I guess this is one of those events that we all should attend, I already have my own Invite to one of the most exclusive after Party after Slush. Don´t miss the opportunity.
If you want to know more about the Event press HERE and keep in touch.
Let’s finally be honest here, Floyd Mayweather Jr. and Manny Pacquiao's battle on May 2 at the MGM Grand in Las Vegas was everything but epic. The Fight of the Century will be remembered as the Fiasco of the Century.
This fight let boxing fans feeling gouged, and excluded.
lest´s just remember how screwed up everything was, it was a bad fight, it did more harm than good for boxing.
Mayweather-Pacquiao was destined to be the highest-grossing fight ever, potentially generating between $300 million and $400 million. It wasn’t expected to be the greediest and most unorganized. As fight week arrived on Monday, a sport that was carried in recent years by hardcore fans and Internet bloggers has turned its back on those very supporters in the chase for every dollar.
If waiting until the week before the fight to put 500 tickets on sale to the general public weren’t insulting enough, hotel rooms in Las Vegas, going for $400 to $900 a night and up. Closed-circuit tickets, unless well connected through a hotel host, cost $300 to $400. Try getting a last-minute flight, if you were lucky enough to get a fight ticket, and the cost from Newark is more than $900.
Confirmations of media credentials weren't issued until the last week and offered no promise the holder would be seated in the arena for the fight.
And the traditional Grand Arrival ceremony on Tuesday was lame full of screams and noise instead of a real quality promotion because, according to his promoter, Bob Arum, “We can do without all the hoopla.”
Though the unprecedented $10 charge for Friday’s weigh-in is being earmarked for charity, the secondary market for those tickets reached triple figures. Presumably, the Grand Garden Arena was sold out on Saturday night with those who can afford tickets averaging $10,000.
Mayweather and Pacquiao delivered a lame boring bout, with no need for discussion of a rematch. Since it was a boring exhibition of shadow boxing, and the judging appeared biased (assuming Paquiao won the bout), it let fans angry, unfulfilled and feeling cheated.
“We all waited for something good, something that’s final, something that makes the wait worthwhile, it didn´t happen” longtime boxing analyst Larry Merchant said.
Perhaps it was inevitable Mayweather-Pacquiao was a rocky production. Mayweather waited until February to agree to the bout, leaving less than three months to plan an event that normally would have taken five months to prepare. The parties don’t exactly get along. Rivals HBO and Showtime are partnering on the pay-per-view production.
Pacquiao’s promoter, Top Rank, and the MGM Grand aren’t on good terms stemming from the casino’s promotion of a Mayweather bout when Pacquiao was fighting Tim Bradley.
Arum and Mayweather’s adviser, Al Haymon, aren't exactly friends, and Mayweather Promotions acted as the lead promoter in its first mega-event. Unsigned contracts and squabbles over ticket allotments have led to endless finger-pointing, with blame assigned to Arum, Haymon or the MGM, depending on whom you choose to believe.
“It’s a tough collection of issues,” said Ken Hershman, president of HBO Sports.
In many ways, this is uncharted territory. The late announcement of the fight, the limited number of tickets, a $300 charge for closed-circuit viewing, and a $100 pay-per-view price point tested the market for a real and final disappointment.
Boxing fans just realized it wasn't money well spent, and probably Mayweather and Pacquiao are just laughing together behind closed doors.
As for me I would stick for some real MMA by watching the UFC and some cards that are more real than all the money made in this lame boxing match.
Now that Christmas is just around the corner and on the intense search of 1 Million Euros in less than 5 years, welcome to my journey, I find myself packing for a weekend retreat on the Finnish forest. I ´m pleased to announce a guest post article By: Sacha Zackariya, CEO, ChangeGroup and CNBC-YPO Chief Executive Network Member.
The United States of America – which has the world's biggest economy with a GDP of about $15 trillion - is now showing tentative signs of a turnaround. This is reflected in the growth of the labor market with stabilizing house prices and increasing consumer confidence. Hopefully, the green shoots of recovery are finally sprouting.
Not surprisingly, overseas investment bodies are moving back after retreating during the financial crisis. A large proportion of U.S. foreign direct investment (FDI) comes from European countries - which can partially be attributed to the flight of capital from the debt ridden, shaky economies of Europe. Despite competition from rising emerging economies such as China, there is a strong belief among investors that the worsening Eurozone crisis could make the U.S. a safe haven, thus adding further fuel to U.S. recovery.
One of the sectors showing remarkable growth in the U.S. is the tourism industry. My company, ChangeGroup, is a provider of financial services to the international traveler and is thus strongly linked to the growth of the travel and tourism industry. During recent years, we have supported a big success factor in the U.S. economy: International inward tourism. We have opened a range of new ultra-prime, currency exchange shops in Manhattan, committing several million dollars and recruiting many new employees. Most importantly, our branches allow international tourists and visitors to change their holiday money, worth tens of millions U.S. dollars, into currency to be spent in local stores.
Our U.K based travel money online service has seen a dramatic surge in the demand to exchange pounds to dollars. In order to cater to the increased number of tourists, the hotel industry is rapidly expanding with 50 new hotels set to open in New York City alone by 2013. The Australian mall operator, Westfield, has signed a $ 1.25 billion deal to lease retail space at the new World Trade Center in 2015. The U.S. government has also taken many initiatives to promote tourism, creating "Brand USA" – a public-private partnership - to market the U.S. as a leading global tourist destination.
Brand USA reports travel to the U.S. from emerging economies, such as Brazil, China and India, is up 110% during the 10-year period leading up to 2010, resulting in nearly $15 billion in export revenue. Initiatives proposed by the U.S. government to relax visa rules and streamline the process for tourists would further positively impact this growth.
According to the U.S. Travel Association, the United States travel and tourism industry was one of the largest employers in 2011, supporting 14.4 million jobs and generating $194.6 billion in payroll. Job growth in the travel industry was 84% faster than in the rest of the economy between March 2010 and July 2011. One out of every eight jobs depends on this sector. And it has been estimated that each U.S. household would need to pay $1,055 more in taxes without the tax revenue generated by tourism and travel.
If fully exploited, the travel sector could efficiently power the economic recovery of the United States and further strengthen its position as a global economic powerhouse.
Sacha Zackariya is CEO of the travel money and international payments companyChangeGroup.
Finally I have the opportunity to say "Happy New Year" to all my readers may this year bring the Millions we are waiting for, of course there is no easy way, during 2010 I experienced multiple ideas to make One million euros in less than 5 years and so far it is more than working, I experienced interesting surprises during 2010, I welcomed a baby girl named Katariina, got a new job, got a new house, increased my assets, met new and interesting people, diversified and increased the portfollio I manage, got new advertisement deals and I was able to work and collaborate with Investors and entrepeneurs that I admired in the past, and all this in a way happened just because of you My Readers.
So a new year has come 2011 a year to cash out and keep Investing, but before we do that let's have a look at my favourite positions and their respective profit during 2011 just in the Helsinki Stock Exchange all my International positions could be tracked on my previous posts with amazing results.
I will just show an example of 4 of my stock picks and their performance during 2010, Why would you like to put money into your 35th -best idea right?
1) M REAL B
Offers paperboards as well as office and other papers for consumer packaging, communications and advertising end-uses.
Has 13 production units in five European countries and about 4,700 employees.M-real is part of the Metsäliitto Group, one of the largest forest industry groups in the world, and is listed on the NASDAQ OMX Helsinki Ltd. This share increased 88.46% during 2010, and it will be a major player of my portfollio during 2011.
2) OKMETIC
Okmetic is the world’s leading supplier of silicon wafers for MEMS manufacturing. Crystal growth technology is at the very core of Okmetic’s expertise. It provides the foundation also for highly doped, low-resistivity wafers that enable extremely high performing power semiconductors. This share increased 75.40% during 2010, a must have.
3) RAISIO VAIHTO
Raisio Oyj, known internationally as Raisio Group is a company that makes cereal products, potato products, animal feeds and engage in life-sciences. Raisio produces benecol a ingredient used in a range of Cholesterol-reducing spreads, products and condiments marketed under its Benecol brand name, this share has increased 77.27% during the last two years.
4) PANOSTAJA Oyj PNA
Panostaja is a financially secure Finnish multi-field corporation that creates healthy companies Their goal is to elevate their investments in different fields from 5 to 10 years. I had the pleassure to meet one of his financial advisors and he gave me the trust and confidence to keep Investing with them, this share increased 41.75% during the last five years.
As you can see the average profit of this concentrated portfolio is 70.72 % and follows the basic rule of investing don´t lose money, so let´s assume you invested 10,000€ on these three stocks with a return of 70.72% you would have 17,720€ a perfect time to cash out some profit and rebalance.
Rebalancing is the process of bringing one’s portfolio back into proper asset allocation if you can do it yourself, or the time to change to a new money manager if you are not happy with the one you have.
During the year, the mixture of stocks,bonds mutual funds, and cash has likely shifted. Stock and bond values go up and down all the time. Your portfolio mix may be out of whack.
For example, you may have started the year with 60% of your money in stocks and stock funds and 30% in bonds and 10% in cash. The stock portion of your portfolio may have grown larger than your initial allocation percentage. Now you may have 80% of your money in stocks and 20% in bonds. You will want to trim your stock exposure back to its normal level.
the dynamics of your portfolio have to change. Every year, your stock percentage should go down 1 percentage point and your fixed income securities should go up one percent. Every year that you get closer to retirement, the more conservative that your portfolio should become.
If you handle your own portfolio, then you will want to shift your assets from the portfolio portion that has become too top heavy. For example, reduce your position in a stock or stock fund that has gained significantly during the year take the initial Investement and reinvest the profit a win win situation.
Add these proceeds to the portion of your portfolio that is lagging. For example, let’s say own an aggressive small cap fund and a moderate large cap fund. If the aggressive small cap fund has significantly outperformed the large cap fund then you may want to trim your position. Make sure that your portfolio fits in line with your risk tolerance. A lot of people thought they were risk takers until the market crash of 2008 caused their portfolios to crash 50 to 60%.
A good strategy to take is to sell off funds that have become big and bloated. Maybe you are overly invested in domestic markets and need more international exposure Finland is a great option send me a line or two. Look for funds that may have underachieved the last year or so that may be due for a breakout. Yesterday’s market losers may be tomorrow’s winners and yesterday’s winners may be tomorrow’s losers.
remember to rebalance every single year many people never rebalance their portfolios and do not find out that they are overly concentrated in one area until it’s too late, the ones who rebalance are the ones that keep winning. You can pick the time of year that work’s best for you. I prefer to rebalance my portfolio at the beginning of the year. This way I can sell off positions that I want to get out of and start the year off fresh. It also allows me to take any necessary tax losses to offset gains on my portfolio.
There are so many interesting topics to Invest during 2011, I will have a close look to currencies now that I´m constantly evolving in that field specially Asian currecies (JPY,CNY,HKD,SGD) Also AUD and let's not put aside the precious GOLD that drives people crazy just have a look at it's interesting performance during the past year:
So there are endless opportunities to acomplish the objective of one Million Euros in less than 5 years let's make it happen during 2011, eager to hear your comments and ideas don´t hesitate to contact me, have a great start of the year!
Recently I just had a baby girl, she gave me the energy to change the job I had held for three years and 7 months, I have given the topic of job-changing a great deal of thought. However bad a job may be and however much you dread Monday mornings, making the decision to leave the job — especially one you have held for some years — is never an easy process.
There's a large degree of comfort in your current responsibilities and the company you're familiar with. Part of your brain knows you're capable of more, but another part is fraught with self-doubt and wakes you from sleep at 2am in a cold sweat, beaming an image of you in your job frozen by ignorance, out of your depth, and facing termination.
So how do you know when it's time to go? Based on my recent experience, here are some indicators that it's time to make the change.
You know you aren't performing to the best of your ability We all go through slumps, bad days, even bad weeks when we just don't care, don't give it our best... but what if that week turns into months? Specially if you are aiming at Millions just like me, If you just don't have what it takes to give it your best, something needs to change. This is a common sign of burnout or of being overworked, under-worked, under-challenged or out of your depth. I wanted to grab the moon but I got into the rutine.
If lack of motivation is the only issue, it may be possible to effect change within your current company by requesting different responsibilities, more training or another position. But if none of these options is available, it's time to update your resume.
You can't picture your future with your current company Do you remember those questions the last time you were interviewed: "Where do you see yourself in three years? Five years? Ten?" Perhaps it's time to ask yourself those questions again. But this time ask, "Do I see myself HERE in three years? Five years? Ten?" If the answer to any of these questions is no, what is your plan? Where do you want to go? When were you planning to make your move?
As much as we'd all like to simply wake up one day to find ourselves in the perfect job, the chance of it happening is probably slightly slimmer than becoming a Millionaire in less than 5 years. If you know that you want to be working somewhere else at some point in the future, it's never too soon to make a plan. Now that I finally changed my job I regret not doing it before.
You take inventory of your job's pros and cons... and the cons win If you're having a hard time deciding whether to change jobs, try this simple exercise. Create a document with two lists — things you like about your current job, and things you dislike. Next, apply a weighting to the items. This can be as simple as a value from one to 10 to rate the importance of each factor. For example, if the stringent dress code is on your list of cons but it isn't that important to you, give it a 1 or 2. But if the excellent health insurance is a pro, it would probably warrant at least a 7 or an 8.
Next, add up each list. If the cons outweigh the pros, it's probably worth at least considering a change. If nothing else, this exercise will force you to focus on what you specifically do and do not like about your current position and give you a more concrete idea of what to look for in a new position.
You look for ways to improve your current situation but you can't turn it into what you really want Another useful exercise is to take your list of pros from the previous exercise and expand upon it. Elaborate on the items already on the list and add other items you wish you could claim about your current position. When you're finished, review the list for items you may be able to make happen at your current company.
If you want more responsibility or more flexible hours, you might be able to work that out, whereas if you work for a missile manufacturer and happen to have developed pacifist beliefs since accepting the position
… your only reasonable option is to seek a position in a different company. In other words, before jumping ship under the assumption that a new position will make all your problems vanish in an instant, make the effort to effect improvements in your current position. If trying to make changes proves futile, you'll be more confident that seeking a new position is the right thing to do and believe me it works, while I was having a break to celebrate the birth of my baby girl I enjoyed every single moment of the long nights improving my resume.
Your skills are lagging and your position offers no opportunities to update them How is your skill set? Are you able to keep your skills up to date? What would happen if your company went under today and you were forced onto the job market? Would you struggle to find a better or even an equivalent position because your skills are out of date? If this is the case, is there anything you can do to rectify the situation in your current position? Are there training opportunities you haven't been taking advantage of?
If it's not possible to stay employable in your current position, it's definitely time to make a change, even if you enjoy the job and your company seems stable. You may be able to supplement your company's deficit by paying for your own training, but without the opportunity to use your new skills in a work environment, such training will be of little value. To determine the current marketability of your present skill set, try searching for jobs equivalent to yours. Do you meet the minimum requirements? As I was working in the payment Industry at Rahaxi Processing Oy I decided that my new job will have to deal with money so it did.
You can't get enough positive reinforcement to keep your spirits up Do you feel valued? Feeling valued in your job is one of those almost indefinable benefits or forms of compensation that can't be measured by any objective means. The degree to which someone needs to feel valued to be happy in a job varies greatly from person to person. Some people are perfectly content never to receive a word of praise or public acknowledgment of their achievements. For others, this type of recognition is more important than a generous salary.
The first step towards obtaining an appropriate position in this respect is to become aware of your own needs. The next step is to develop some techniques for determining whether these needs will be met when considering a new position, perhaps by asking appropriate questions during interviews or by finding current employees willing to talk. If you're already in a job that you otherwise like, figure out what you need in order to feel valued and find ways to communicate these needs to the appropriate person.
If the only time your boss talks to you is to tell you that you need to do better or improve your attitude, try explaining that it would also be helpful to know when you are doing something right. Try being proactive and ask your peers, your users or your superiors to let you know if there's more you can do to help them. This could have the pleasant side effect of eliciting some positive feedback when they tell you that they're perfectly satisfied with your current level of service. If you still can't get the validation you need, it could be time to seek it elsewhere.
Your salary just isn't enough Are you paid what you're worth? Although receiving inadequate financial compensation for your efforts is rarely the sole or even the most important reason that people change jobs, it's a significant factor. For most people, being paid what they're worth — at or above the going market rate for their job function — is an essential aspect of feeling valued. Don't know what you are worth? Try looking at comparable positions on job hunting Web sites, review compensation surveys, or update your CV and submit it to a headhunter to solicit feedback after I did my so-called homework on this issue I was contacted by 4 companies.
My request to keep my job under stable circumstances was denied, so I took the only reasonable course of action and secured a position with a different company. In this case, salary was not the only factor, but it was the one that finally persuaded me to make a change into The Change Group.
Your company or work situation has changed radically since you were hired Your job used to be perfect, but now it has changed. Maybe your company was bought out or your boss retired or got reassigned. Or perhaps your company had a significant shift in operating philosophy or in its mission, and now you're no longer working in the same environment into which you were originally hired.
If such changes occur, you basically have three choices: go with the flow and make the most of the situation; quit; or stay and complain. These types of changes can be so far-reaching in their impact upon your daily life that the result is not dissimilar to being forced to change jobs and companies. You may be going to the same physical location each day, but every other aspect of your job has been transformed.
Even if you're not unhappy with the changes, this is a good opportunity to re-examine where you are in your life and make sure you take full advantage of the new circumstances. As a follower of this Blog remember that even if you have a great job and you want to change it just like I did, you have to keep investing and searching for alternative options to make the goal of a Million euros in less than five years.... as a reader pointed out to me not so long ago " Habit is second nature"
There is a new trend that also might be helpfull to you in your search for a new job, the video resumes have a look and keep in touch:
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!
Last week after organising few interesting ideas for this project I had a lot of insights, I started to focus mainly in those activities that are going to make some practical wisdom into actions including some easy to imlement action steps that will significantly free up your time, damatically improve your bank account and solidly enrich your most important relationships.
To start I want to share some of the first three ideas: 1-Focus on your strengths and eliminate everything that is holding you back. 2-Change bad habits into habits that will make you debt free and wealthy. 3- Create and excellent balance between work and family life.
"I NEVER COULD HAVE DONE IT WITHOUT THE HABITS OF PUNCTUALITY, ORDER AND DILIGENCE... THE DETERMINATION TO CONCENTRATE MYSELF ON ONE SUBJECT AT A TIME." -Charles Dickens.
The idea is to focus and understand that you must invest most of your time everyday doing what you do best, and let others do what they do best. Therefore I will aslo try to implement new positive habits into my life, it is known that 90 percent of our normal behavior is based on habits, mainly routines, I'm starting to believe that quality is not an act is a habit. Once a new habit is well developed, it becomes your new normal behavior.
So is good to remember that If other people can make significant changes, why not you? Rememebr, nothing will change until you do. Embrace change as a positive catalyst, one that will give you more freedom and peace of mind, because if you keep on doing what you've always done you will keep on getting what you always got change is a very important factor use it...
A last idea tht I want to note tonight is that as I was talking to a colleague and friend at work while explaining him the idea of becoming Millionaire he told me:
-Don't you see...I will show you that you are Millionaire already .
After sharing a link that I will share with you right know I realized one of the most important things to continue my journey, and that is that he was right I'M A MILLIONAIRE RIGHT NOW!!! So here it is for you to realize if you are already Millionaire: http://www.miniature-earth.com/ find it top right of this blog
Here is also some intersting new that I found last week:
Wall Street Journal: Nokia and Facebook to discuss possible cooperation
According to a newspaper article, the social networking website Facebook is planning cooperation with the world’s largest mobile handset manufacturer Nokia. On Thursday the Wall Street Journal wrote that the two companies are discussing a possible service, in which contact and calendar information stored in Facebook could be transferred directly to a mobile phone. The Wall Street Journal says it has received the information from “people familiar with the matter”. “Talks between the companies have been going on for months”, the paper writes.
Facebook has confirmed that it is looking for possible cooperation partners from the mobile phone sector. A Facebook user interface already exists on Apple’s iPhones. Negotiations are also being carried out with the American handset and PDA makers Motorola and Palm. Hope to hear from your ideas and comments Best regards JC.
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.
