The American Dream


The American Dream

What does your American Dream Look like?

We all have desires to live the American Dream and part of that dream is owning property? I know for a fact that houses provide the average person the ability to increase net worth. When you have that responsibility of owning your home, you feel a sense of pride and can take on projects that increase the value of the house with ease. Because there’s so much involved with owning a house that it just increases your get to work with a hammer skill, even if you contract out the big jobs, you will learn smaller tasks around the house.  There’s over a hundred million videos on YouTube on how to maintain your house, coupled with famously tailored HGTV shows that give you a plethora of ideas on how to get the best bang for your buck. Over time with all the upgrades, increased equity, and home market values rising, these are usually signs of increased wealth for many homeowners. Now let’s talk about the benefits as well as the drawbacks of home ownership that you need to know right now.

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The Pay Debt Now Method


The pay debt now method

Beat down the debt with a Hulk like Intensity.

If you could be debt free today would you pursue it? Why for heaven’s sake do people seem content to stay burdened for so long, sending only the minimum for years to lenders. I don’t know about you but I want my future income to be all mines and not some banks. Do you know the banks are smiling every time you send the minimum in month after month? That means they have you beholden to them for that much longer. Hence you are their bank roll and source of future revenue. Keep reading so that I can explain further how we all can use the pay debt now method to change our lives.

Enough is enough and I want you all to do well financially. It’s time for a change with how we view credit and debt. If you can’t afford expensive items, think very hard if you will appreciate it after 5 years paying for that product, Time is good at making most of us seem like our choices didn’t make sense back in the past. Now that you understand the thought process, how can you solve debt issues today?

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Bullish Vs. Bearish: Clearing the Confusion for New Forex Investors

Bullish Vs. Bearish: Clearing the Confusion for New Forex Investors

Are you a “bull” or a “bear?” Do you even know what these terms mean? It’s understandable and perfectly OK if you don’t. Many forex traders struggle with them. It’s a holdover from the stock market, and it defines your basic view of the marketplace at any one given time.

Contextually Important

It’s important to realise that the terms “bull” and “bear” are contextual. This means that a person who is “bullish” or a “bull” in one market environment may not be a bull in another. The same is true of a “bear.”

One of the many forex trading challenges is determining whether a “bull” or “bear” market exists and then what to do about it. Money can be made in either market, but some traders prefer to trade in one market over another.

So, being bullish isn’t necessarily an investment philosophy, but rather a view of the market itself – but only a view of the market as is currently exists.

What Are Bulls?

Bulls are people who generally believe that a market is, or will be, rising. When someone is a long-term bull or “generally bullish,” it means that they are generally optimistic about the future of the market.

In the forex market, it means that they’re generally optimistic about a particular currency pair’s direction. When the market moves up, they are validated in their opinion. Of course, when the market correction inevitably happens, they lose money. When whipsaws occur, they are usually seen as temporary phenomenon.

What Are Bears?

Bears are people who have a generally pessimistic view of the market. Now, many new traders often mistake being bearish as a sign that there is no money to be made in a market. This is not true. A bear does believe that he or she can make money, but how that money is made is very different from how a bull makes money.

When a bull makes money, he invests “long” or he opens a trade hoping that his investment increases in value. In forex, he hopes the market rises and he makes money.

A bear, on the other hand, hopes the market falls. He invests “short” or “goes short” on a currency and the downward movement will actually make him money.

This is a difficult concept to grasp in forex because most people are used to the idea of making money only when the market increases in value. But, even in the stock market, short sellers make money when stock prices fall.

They do this by borrowing stock at a predetermined price and then selling it for a lower price. The difference is profit.

In forex, a trader simply opens a position and then waits for a lower price. Then, when he exists, he receives his profit. Sometimes, he may simply use binary options – a form of betting on just the movement of the currency – to profit. With binary options, all a trader has to specify is what direction he thinks the market will move. If he’s right, he makes money.

What Approach Should You Adopt?

When you’re first starting out, it’s probably simpler to just track bull markets. While it’s not really all that much more complex to trade in a bear market, it does take some getting used to – even if it’s only psychological.

Samuel Watkins is a self-confessed Forex trading addict of many years. When he’s not trading, he’s writing about it in hopes of helping those new to the practice. Read his illuminating articles on various blogs and websites today.

Windfall of Lifetime Earnings


Windfall of lifetime Earnings

Treat your Income as a small piece of a Windfall

Hey imagine you received a windfall of lifetime earnings at once? Would you treat this windfall differently? Do you know how much income, side hustle, illegal activity you’ve made in your lifetime? If you already have 5 years of working history under your belt after college, and made on average at least 50K-55K annually how much is that amount. For those of you who are not too good at math it is 250-275K thousand dollars. Now back to the first question asked, imagine you received all of that money at once?

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Why Percentages Matter


Why percentages matter

If you Can’t see your Budget, how do you know its Effective?

Do you know that in order to handle money correctly, we all need to know the exact percentages we can spend on every category? Once you understand why percentages matter and that it’s all about handling money within percentages, then money management will be a breeze. This is a simple finance strategy many never implement, but when they do, people will soon realize how much extra cash flow can be had. I will provide below a standard guideline for specific categories and I hope your budget is in line with what I am about to share below. Granted nothing is set in stone around here, but this will get you to understand if you need to fix a money category, that is out of whack.

If you can stay within the percentages for expense categories, this will eventually free up money for you to go over and above in the savings / investing percentage categories. By going over in the savings / investing categories you will be bounds ahead in retirement nest egg funds in no time. People will most likely shoot down an idea like strategizing income based off percentages, before even trying it out. How can one negate a financial strategy before implementing it, all because it is something completely new and different.

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The Reason People Subconsciously Do Not Save Money


The reason people subconciously do not save money

Once we’re gone we cant enjoy anything, but that shouldn’t hinder your thought process about savings today.

Why do most people find it difficult to save a dollar? I think I found the answer and it will either speak a sense of truth in your life or you will dislike what I am about to say. This idea was created by speaking to certain people who constantly say you can’t take it with you to the grave. Do they really justify not saving because they think they will die soon? Also by watching the show the walking dead, where walkers roam aimlessly around the planet. The reason people subconsciously do not save money is because a part of all of us has that little feeling we might not be around to enjoy it. I can’t believe I actually said that and I will probably get some flak for it. We all have a live in the present, as happy as can be mindset because we might not be around to enjoy it. 

The second reason some people do not save money, and I will save this topic for another post, is that the government will find a way to take our retirement savings. If the government takes our retirement savings, believe me we all will have greater issues than just money at that point. Can we say Anarchy at that point in time!!! We great citizens of the USA make on average about $100-150 dollars a day and we cannot find it in us to save $5 dollars per day. Why is that so? Do you ever question in full reality why Americans have a government reported savings rate of about 5% or less. If you do question the reason people subconsciously do not save money could it be because of thoughts based about death in your opinion? (Morbid yes- truthful Heck yes)

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Personal Finance Sayings 3

personal finance sayings 3

Wow this is the last personal finance sayings post. It has been a bumpy ride with all the idioms based around money. It is always fun to quote some classic financial, back-handed, straight to your gut money sayings. I hope you read part 1 and part 2, but if you missed them go back and enjoy the awesomeness.  Keep on trucking my financial friends and if you ever need anything don’t call me, find me on Twitter.

Side Hustles – really cool part-time jobs mostly tax-free paid pass times.

Smart Money – money handled by financial smart individuals

Stacking Method –paying the higher interest rate debt first, then move on to the next highest interest after you pay off the 1st 

Stacking Benjamin’s – building your money pile as quickly as possible

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