Welcome to another issue of Money on Your Terms.
The past couple weeks I have been focusing
on how to invest in dividend paying stocks to
give you the edge in creating wealth. This week
I will continue the journey by looking at another
key indicator to use to find those stellar businesses
that produce solid dividends. In the last sentence
I said stellar businesses not stocks. Remember,
we are looking for solid companies instead
of a stock price on the financial exchanges.
One of the most important parts of … Read More
Would you be interested in placing your
money into an investment that is a Cash Cow?
Month after Month you have a steady stream
of income coming in. The best part of this
business is you don’t need to put your
blood, sweat, and tears into making it work.
No bosses to deal with
No upset customers to calm down
No selling anything
No time schedule to be on
You don’t even need to drive anywhere
You just need an internet connection,
some knowledge and are in it … Read More
Wouldn’t you like to have a continuous stream
of money coming in every month without having
to do much of anything?
One of the wealthiest men of all time said,
“Do you know the only thing that gives me pleasure?
It’s to see my dividends coming in.”
One of my passions in life besides being a
financial coach is studying how rich people
acquired their wealth and how they invest their fortunes.
This quote was stated by a gentleman who
would have an estimated worth of $492 billion in
inflation … Read More
I once heard Donald Trump say that he much
rather learn from other’s mistakes. He states it
is a lot cheaper and a lot better than having to
experience the mistake himself. Trump calls
this “education.” Although I do not wish bad
things to happen to people, I do agree that we
can learn from other’s mistakes. Thus, this helps
avoid the misfortune and shortens the learning curve.
This week I would like to discuss the financial woes
of Internet millionaire Hasley Minor as an educational
piece so people understand … Read More
I watched the ESPN TV program 30 for 30 entitled, “Broke”.
The show discusses what happens to a high percentage
of professional athletes who make millions of dollars during
their professional careers and then end up broke and bankrupt.
Let’s say you just signed a $25 million dollar contract. What would
you do with the money? Would you spend it as fast as you got
the money in your hands or would you be responsible with it
and have a plan to invest the money to secure your future.
Money … Read More
The practice of visualization is well known to
celebrities, actors, musicians and athletes!
For years, celebrities, top business leaders
and athletes have used this empowering technique
to help them achieve their goals, propelling them
to where they are today!
I first came across visualizing many years ago
when learning to play golf. I read that Jack Nicklaus, one
of the greatest golfers of all time, used visualizing
to win golf tournaments. Jack would only take a shot
when he had a crisp, clear imagine of himself making
the golf shot, … Read More
Last night, I gave a presentation to a Toastmasters International group on Leadership.
There are certain qualities that make a great leader. Well, it is no
surprise that these same personality qualities are important
when it comes to managing your money. Applying the same
characteristics of an effective leader to manage your money
will accelerate your process to getting to financial independence.
It comes down to implementing these six personality qualities
of a leader that allows you to create your destiny with money.
1. Emotionally mature – Are you … Read More
When it comes time to hiring a contractor or handyman to do work on our
homes, we all envision that it will get done right. No one wants to experience
those horror stories you see on TV or hear from others about how
the job never got done properly or they got ripped off. I certainly have
my share of stories to tell about the mistakes I made when hiring a
contractor or handyman.
It is important to find the right person who will do an outstanding job
with your … Read More
Congratulations to those that successfully made the April 15th
deadline to file taxes. If you didn’t file your taxes, hopefully
you filed the extension that gives you until October 15, 2013.
So what is the best thing to do if you have a Tax Refund?
Well, most people will find every way possible to blow
it on things they want.
I advise you to do one of two things:
1. Put the money into your Smart Fund.
Your Smart Fund is 7 months worth of expenses in a savings account… Read More
Before I give you this weeks Money on Your Terms, let me just say
that my thoughts and prayers go out to the people of Boston and those
affected by this terrible tradegy.
The other day I went to Carl’s Jr. to grab a teriyaki burger
for a late night dinner. I love eating American hamburgers. I swiped my
American Express card and the cashier said, $1.00 fee for using debit,
free for using credit. I am not a big fan of paying fees. You are probably
not either. I … Read More