Archives for December 2008

How Many Cookie Jars Is Your Hand In?

cookie jar

If you want to be rich, you need to start diversifying where you are investing your time and money so that you can increase your odds of being successful. You probably aren’t thinking about diversification because you don’t have that much money, but whether you have 1000 dollars or a million, you can be diversified.

But before I go into different ways you can get your hand into a lot of cookie jars, here are some diversification strategies that you need to know about:  [click to continue…]

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

Warren Buffett

The smartest financial guy in the world, Warren Buffett, has a saying that goes something like this: you should be fearful when others are greedy and be greedy when others are fearful. What Warren means is that if everyone is jumping on the bandwagon you should hesitate because in most cases when something looks too good to be true, it usually is. And when people aren’t jumping on the bandwagon you should take a closer look at it because the reward of doing so could be extremely high.

Right now everyone seems to be fearful, so I would like to share with you a few ways I am trying to be greedy (which will hopefully make me rich).  [click to continue…]

Think bums are poor? They’re actually richer than you!

homeless bum street

Donald Trump and his daughter, Ivanka, were driving one-day and on the corner of a street they spotted a bum. Donald pointed out to Ivanka, that the bum had more money than he did. She was startled, and she naturally asked him how that was possible. He then went on to explain how the bum had no debt, while he had a lot of it.

  [click to continue…]

Flat is the new up!

recession flat is the new up

Because the US economy has been in a recession for a full year now, companies have been going out of business. For the ones that aren’t going out of business, they are likely to loose much of their anticipated revenue. So what does this mean for you?  [click to continue…]