Sunday, 30 March 2008

Money Magnetism by Dr Demartini

Source: Dr John Demartini

Automatic savings and budget reprioritization are all powerful and effective strategies for making more profits and building wealth. Yet one magical factor comes into play as your wealth increases: money magnetism. Have you ever noticed that during times when you possessed the most money, additional money flowed more easily to you? Money acts as a natural magnet and, like gravity, it draws more unto itself as it accumulates.

The more money you have, the more willing people are to hand over more. The less money you have, the more it's taken away. If you go to the bank and try to borrow $100,000, what does the bank request from you? They request $100,000 worth of collateral. But if you already have that amount of money deposited with them, they ask you if you'd like to borrow from them, even offering special deals because you pose little or no risk. To those who have, more is given, and from those who haven't, more is taken away. It's a basic law.

Wealth building is partly a matter of consciousness and resonance. If you save $10, $10 opportunities appear. If you save $100, $100 opportunities appear. Whether you save $1,000, $10,000, or $100,000, that's the size of the opportunities and associates that are magnetically drawn to you by your state of mind. When you reach $1 million, you'll suddenly find you're being offered million-dollar opportunities. It's not so much that you'll be doing anything different-you'll be different, and you make all the difference in the world.

When you become inspired and infused with life, your business tends to grow. As your business grows and you're filled with life, your money tends to flow. The more you grow and the more money flows, the more others become magnetically drawn to help and share in that inspiration and growth. Don't spend your life working for money; save money and hire it to work for you. You'll naturally rise from an emotional and reactive state to a more centered and creative state, and the possibilities you can see for your-self will rise proportionately. That's why it's wise to invest in yourself-to grow and expand your life in every area.

The mastery of money is achieved by the same principles that govern health, relationship, business, or spirituality, because it's all spirit. Your wealth and spirit will grow with your savings. The wealthier you become, the more inspiration you'll be able to bring to yourself and others, and the more heaven you'll be able to experience on Earth.

[Related Articled: Dr Demartini's F.A.S.T. Savings Plan Will Make Millionaires]

Tuesday, 18 March 2008

Saving Your Way to Wealth Calculator

The first step to saving is finding out where your money goes - then you can set about making realistic cuts.

Most people know how much money is coming into their household, but not many know where it goes. They only know it often runs out and then they use the credit card.
Alas, this is the path to poverty rather than wealth.

The key to controlling your money rather than it controlling you is to spend less than you earn.

How to fill in the planner:

Step 1. Expenses
Work out what you spend on each item on a monthly basis. If you are not sure about some, such as entertainment and clothes, make an estimate but keep a note of every expenditure so you can test whether your estimate is accurate.

Enter numerical and positive values only.

Home Expenses$/month
Mortgage repayments
Investment Property
Council Rates
Water Rates
Telephone bills
Family Expenses $/month
School Fees
Child Care
Personal grooming
Food Expenses$/month
Health Expenses $/month
Medical Bills
Dental Bills
Insurance Expenses $/month
Home contents
Income Protection
Death Cover
General Expenses $/month
Personal loans
Credit cards
Store cards
Professional services

Step 2. Income
Remember this should be your after-tax income plus income from any other sources, such as interest.

Step 3. Click on "Calculate Savings!" button to see your monthly savings.
If your savings is negative, it is important to act quickly to make cuts in your spending.

Ideally, you should have a surplus of at least 10% of your income, which you can then use for other investment purposes to increase your income.

Income $/month
Your after-tax income
Partner's after-tax income
Rental from investment property
Interest from saving accounts
Dividend received
Total Income
Less your total expenses
Percentage of income (%)

Let me know how you go or have any comments to share.

See also: Yahoo!7 Finance Budget Planner

Monday, 17 March 2008

Saving Your Way to Wealth

One of the biggest (and most overlooked) secrets to wealth is saving.

In order to achieve your financial goals, you will need to save. It sounds so obvious that it surely can't be a secret! But without a good savings plan, whatever money you make will go straight out the door because you are spending it on things that don't contribute to your wealth building strategy.

Savings shouldn't be confused with investing. Savings are the regular or lump sum amounts you put away. Investments are the various options you use to make money on your savings.

To successfully save, you need to create some sort of regular savings program. This can be as simple and effective as arranging an automatic payment to transfer a portion of your income to a savings account that earns interest. It is important to always remember that saving is a long-term venture.

For many people, however, saving anything is just not possible. Not because they don't earn enough, but because spending is just too good and easy an option. From experience, the best saving option for most people is to seamlessly move money out of their bank accounts and into an investment which is locked in some form.

An investment that is locked doesn't mean you can't get your money out, but it does make it more difficult. For example, it's easier to get money from your bank savings account than it is to sell your property or managed fund investments.

Part of my current savings strategy is to put away $500 each month into some selected managed funds. This is done automatically through direct bank transfer into the managed funds, and you'll find that most funds offer similar regular savings plan. Not only is it very easy to save this way, but you will also make great returns on your savings with little effort.

So, remember that it is vital to set up some sort of savings program, as whatever you save up will directly contribute to your wealth and help you achieve your financial goals sooner.

Sunday, 16 March 2008

To Blog Or Not To Blog

Source: Blogger Templates: Make money with a blog

1. Maintaining Momentum
According to Technorati's research, one blog is created every second and that’s 86,400 per day or 31,536,000 per year. That is a huge figure considering that almost half of the planet earthlings are not connected to the internet.

The blogosphere continues to double about every 5.5 months and about 13% of all blogs are updated at least weekly. The main issue is how long does a blogger blogs before giving up? A week? One month? According to Technorati, half of the new blogs become redundant after just three months.

There is a name for these blog - they’re often called splogs or blog junks. Most bloggers started out with a good intention, always with a big picture in their mind. The secret path to success is the ability to continuing blogging consistently. It doesn't matter if no one drop any comments or someone uses harsh words banging you, the ability to maintain the momentum and chunk out interesting articles is the key to success. Most blogs takes an average of 6 months to built up the much needed momentum to leap frog one to the other stage.

2. Topics
Choosing the right topic is like choosing the right partner, if you choose the wrong topic, especially the one that you've got no interest in, chances are you’ll soon end up in a crossroad. I've come across bloggers that create blogs that target high paying keywords.The best topic would be something of your interest, be it music or art that has a niche market in the digital world. If you’re passionate about the topic you are blogging, chances are you will never run out of ideas, remember - maintain the momentum is the key to success.

3. Blogging Platform
There are a few blogging platform to choose from, the current market leaders are Blogger, Wordpress and MoveableType. I would say that these three platform has the lion share in the blogging world. All have their plus and minus points.
Depending on your budget, if you've got the money and the desire to blog, then by all means get a paid hosting and host your own blog. The plus point in having your own domain name and hosting server is the ability to get a better ranking in Google Search Engine. Most search engine tend to shy away from free hosting server, even Google rank blogs from their own below others that has their own unique names.

If you are not sure about getting your own paid hosting plans, I would recommend you to try out this reliable hosting company 3iX, its a Singapore based hosting company and you get a 14 day trial. Unlike GoDaddy, you don’t need to be a rocket scientist to install Wordpress, 3iX offers everything with a single click, yup, you can install wordpress with a single click.

4. Diversity of opportunities
Diversifying is the key to success, bloggers that seek a steady flow of income should have multiple blogs that spread across different server and topics so as not to put all their eggs in one basket. Multiple blogs doesn't mean one has to stick to a single contextual advertising company, recent years have witness the addition of a variety of viable advertising options for bloggers. Unlike the yer before 2005, Adsense and blogads and a handful of other are the only option available.

Tax Depreciation for Investment Property

Many investment property owners are missing out on the opportunity to reduce their tax bill by thousands of dollars each year by not clearly understanding what can be claimed.

In Australia, investors should be aware of and seek independent tax advice on two main sections of legislation. The first being "Capital Allowance deductions" this refers to the actual construction costs of the building, while the "Associated Tax" refers to the depreciable items such as carpets, blinds, light fittings, hot water units and so on.

Under the Capital Allowance deductions, residential property investors can claim 2.5% of the construction cost each year. Where Associated Tax is concerned, they can claim between 6-12% of the items value.

To better illustrate the value of this tax return, let's use the example of a residential property valued at $400,000 with a construction cost of $200,000. Given that residential investment properties depreciate at 2.5% per annum, you're looking at a deduction of $5,000 each year.

Add to this, the "depreciable" items, which could be in the vicinity of $1,500 - $3,000 and all up, you're looking at an opportunity of reducing your annual tax bill by between $6,500 - $8,000 per year!

To qualify for Capital Allowance Deductions, residential property investors must use the property for the purpose of producing income such as renting, and construction of the building must have commenced after July 1985.

However, should you own an investment property that was built prior to this date, you may still be entitled to claim on "depreciable items".

It is also important to remember that you are also required to have your investment property valued by a professional quantity surveyor who will prepare a Capital Allowance and Associated Tax report for submission to your accountant.

Remember to seek qualified advice from your accountant before taking any actions in regards to this general advice.

Important Factors To Consider Before Buying Your First Property

Source: Property Direct News

It is important that you consider the following factors when buying your first investment property.

1. Spend time researching all aspects of the property market before even looking for an investment property. Factors, such as negative or positive gearing, rental returns and depreciation are key matters that have to be considered by a first time property investor.

2. Past trends in property values generally are an indication of future trends and therefore it is wise to examine the long-term capital growth rates of the suburbs. There are real estate websites that you can use for free to get a feel for recent property values in various locations.

3. Take a broad approach to buying an investment property. Most first time investors buy a property in their local neighbourhood because they are familiar with the area. By taking a narrow approach to the location of the investment property, you limit your options.

4. Try to get suburbs in lower priced areas which have a higher number of properties for sale. A simple tip is to do a search online for the number of listing in a particular area. Perhaps cast the net a little wider to include surrounding suburbs, as they are generally the next 'go-ahead' places.

5. Don't allow your emotions to select a suburb. Most first time property investors buy a property they would like to live in - thinking with their heart. It is important to remember that the investment property must appeal to a tenant who will be paying the rent - thinking with your head.

6. Check out any planning changes proposed for the area. Many local councils are undertaking reviews of zoning which could have a major impact on property values. The planning department of a local government can advise you of any proposed zoning changes.

7. Check out any planned infrastructure changes for an area you are interested in. For example, an upgrade of the local shopping centre, a construction of a new highway or train station can have a major impact on property values. With industrial development in particular locations comes a shift in where people want to work and live. It adds to the complete lifestyle focus. No longer do locals need to travel in to town and developers are seeing this demand and are committing to the expansion of amenity for local communities.

8. Make sure that there are tenants prepared to rent your property. Rental income is a key factor in servicing the loan so if you cannot find a tenant then you will have problems keeping the investment property over the longer term.

9. Check your finances before you consider buying an investment property. If you have pre-approved finance it will allow you to move more quickly to secure the right investment property.

Related Article: Homework Is A Vital Step Before Buying Your First Property

Homework Is A Vital Step Before Buying Your First Property

With median house prices across most English-speaking countries at the highest levels in recent years, it is important for first-time buyers to take a conservative approach to their first property investment and focus on buying a property for under the median price.

Taking this kind of approach helps to ensure that you don't financially over expose yourself with your first property investment purchase. Buying a lower priced property which has the potential for strong capital growth can be an important building block to growing a successful property portfolio. Lower priced properties also tend to have higher rental returns which is a big bonus.

The biggest hurdle new investors face is seperating head from heart in choosing an appropriate property as an investment.

The property market isn't homogeneous. There are distinct segments like residential and commercial property that boast different performance characteristics. Within each segment, no two properties will achieve the same investment results, be it capital gains or income producing. And no two investors are alike; each one has a different personal and financial circumstances. Before working out what and where to buy, you need to assess your own situation.

This begins with determining your goals - do you need capital growth or income replacement?

Generally, time is on your side, first-time investors should aim to build equity through capital growth. This equity provides leverage to expand the investment portfolio with other properties in the future. In this case, residential property is a good option.

Holding a property for at least 7 to 10 years allows a full rotation of the property cycle and better equips investors to weather market performance variations in national and local markets.

Zero in on properties and locations that experience a consistently stronger level of demand from investors and home buyers relative to the level of supply. Generally speaking, they are located 3 to 12 kilometers from the CBD, in quiet streets, close to public transport, shops and entertainment.

The approximate median house price in various countries are (as at Feb 2008):
  • Australia: AU$470,000
  • Canada: CA$301,00
  • New Zealand: NZ$337,500
  • The UK: £179,500
  • The USA: US$238,500
Related article: Important Factors To Consider Before Buying Your First Property

Friday, 14 March 2008

Success - Is It Luck Or Attitude?

This article was written by Joe Lee of Millionaire Idea.

"Maybe my millionaire neighbor is lucky", "He is so lucky that he landed that millionaire dollar contract." Did you ever have such thoughts about someone who is successful? Maybe you do not have this thought, and that's good news. Why good news? Because then you would not have wait years for your luck to drop from the sky, you can make things happen - you can CREATE LUCK.

Do you believe that success is caused by luck? Yes, I believe! Is it true that successful people has good attitude? Yes, absolutely! Success is created by luck; and luck is created by good attitude.

Having good or positive attitude is actually one of the major keys to success. Having a positive attitude turns bad situations around it, it finds solution in problems, and it seeks opportunities in crisis. Some people sees crisis as problems, some find opportunities in them. This is the difference between successful people and not successful people.

In the year of 2003, SARS hit Asia. People die of the sickness; people dare not go out of their houses. The usual busy shopping mall became a ghost mall; the airport was empty with only the people on duty. The economy of Asia was badly hit. However, still there are people who make lots of money from the crisis. At the same time, there are many people who complains about the economy, no customers etc. Good attitude turns the negative into positive, it just depends if you want to control your attitude.

Having a good attitude is just a matter of choice. You can change it within seconds. You can sit around to complain everything, or you can stop complaining and say, "Hey, what good can I make out of this situation?" When you start asking this question, your mind start to shift, your energy changes, your emotions turns for the better. Your mind will start looking for the good things and you find yourself feeling great. Successful people always feel great about themselves.

Luck happened to you when you have a positive attitude. By turning situation around, you are creating LUCK at the same time. You create the condition for Luck to fall on you. One warning to you; prepare yourself well before luck befall on your knee. Most people wasted their time away without mentally preparation, and when luck falls onto them, they don't know what to do with it, therefore allowing luck to slip by.

Prepare yourself well so that when luck falls, you have the wisdom to capitalize on it. It takes a good attitude to prepare yourself.

You asked me if success is caused by luck or attitude. I say both.

Wednesday, 12 March 2008

The Secrets Of Self-Made Millionaires

This post appeared in the blog Get Rich Slowly which summaries an article from Reader’s Digest about the secrets of self-made millionaires. It’s a quick and inspiring read.

“Many modern millionaires live in middle-class neighborhoods, work full-time and shop in discount stores like the rest of us,” writes author Kristyn Kusek Lewis. “What motivates them isn’t material possessions but the choices that money can bring.” She goes on to describe five millionaires and the lessons that can be learned from them:

  1. Set your sights on where you’re going. Have a vision. Think big. And remember that everyone has to start at the beginning. Even Warren Buffet had to invest $25 before he could make $25 billion. Set lofty goals, and then begin taking small steps to reach them.

  2. Educate yourself. Read books and magazines. If you don’t know how to do something, research the answer. I’m amazed how much of my financial success is attributable to simply reading personal finance books. Many of them say the same things. Once you’ve read enough of them, the advice begins to be burned on your brain. Remember: knowledge is power.

  3. Passion pays off. Love what you do. When you’re passionate about your work, you care about the consequences. “According to research by Thomas J. Stanley, author of The Millionaire Mind, over 80 percent of millionaires say they never would have been successful if their vocation wasn’t something they cared about.”

  4. Grow your money. Pay yourself first. When you’re living paycheck-to-paycheck, it can be difficult to look beyond your immediate needs. But it’s precisely by doing this that you’ll have the best chance for escaping your circumstances. Squirrel away money for your retirement, or for other investments.

  5. No guts, no glory. Take risks. I’ve often heard that successful people are the biggest failures of all. They’ve failed many times. But they pick themselves back up and try again. Most people never try because they’re afraid of the possible downsides. Successful people don’t worry about the downside — they’re focused on the possible payoff.

But the biggest secret of all, writes Lewis, is to stop spending. “Every millionaire we spoke to has one thing in common: Not a single one spends needlessly.” She cites a survey that indicates many wealthy people spend money “with a middle-class mindset”, clipping coupons and shopping at sales.

The more I learn, the more I believe this to be the case. Millionaires may have earned their money through a combination of discipline and dedication, but it’s their frugal habits that keep them rich.

Tuesday, 11 March 2008

15 Crazy Ways People Make Money

Source: Business Pundit

In today’s economy, it can be pretty tough to make money anywhere, but some intrepid folks are earning money hand over fist online and they’re doing it in some crazy ways. There’s a lot that can be learned from these people, especially if you’re sitting on your own idea but think it’s too out there. As these people illustrate, there’s no end to the insanity when it comes to making money online!

1 . Virtual Farming - Nearly half a million people in China are making money by playing a game, earning gold and selling it to other players with too much time on their hands and a credit card burning in their pocket! The phenomenon that is World of Warcraft, a massively multi-player online role playing game, has spawned some of the most creative ideas for making money. The game’s currency is gold, but a lot of players don’t want to take the time to earn it themselves. So, these people in China, and all over the world, spend their days playing the game, making gold and selling it in the game for actual cash.

2. Doggles - If there is one thing dogs don’t need, it’s a pair of goggles, but this idea, which got its start online, has made millions of dollars and real stores have opened up all over the world. They took their original idea, of UV protective doggles and continued expanding their product line to include vests, other eyewear and even jewelry. People will spend countless dollars on their pets and this site more than proves it can pay off big time if you have a pet related product or idea.

3. The Million Dollar Homepage - This is probably the most iconic of all the crazy ideas that have ever been born. This guy decided to set up a site and sell one million pixels for $1 a piece. He got a huge amount of publicity and ended up making his million dollars. He has since gone on to other money making projects.

4. WhateverLife - This teenage girl who had a flair for the creative set up a site to offer layouts for MySpace and free tutorials. The idea took off and she now gets around 7 million visitors to her website every month. She’s managed to land some major advertising contracts and has received offers to buy her site that have exceeded $1.5 million.

5. MyYearbook - Two teens had a simple idea; why not create an online yearbook for people? The idea turned into a social networking site and they’ve been able to raise more than $4 million in venture capital. The company now has 45 employees, 3 million members and some heavy duty advertisers.

6. Cameron Johnson - This young entrepreneur got his start at the age of nine making greeting cards, expanded into reselling Ty Beanie Babies on eBay by the age of 12 and finally sold his online advertising company for an undisclosed sum after making $3 to $4 million a month. His latest venture, CertificateSwap, that allows people to swap out unwanted gift certificates just sold for six-figures. He’s now working the lecture circuit and focusing on helping others strike entrepreneur gold.

7. LuckyWishbone - This has to rank as one of the craziest of all time ideas. Why wait around for thanksgiving when you could get a wishbone whenever you feel like it? This company manufacturers and sells plastic wishbones. They are producing 30,000 of them a month and sales have exceeded one million dollars.

8. Steve Pavlina - This guy uses his blog to write about life hacks and by all accounts he makes a ton of money doing it. He covers everything under the sun from personal development to astral projection. He makes at least $300 a day for a few minutes of work.

9. Hungry Pod - Catherine Keane decided to make a business out of loading music on people’s iPod’s and it has paid off big time. She’s making more than $100k a year, after helping out a friend and realizing the kind of market that was out there.

10. Antenna Balls - You know those little things you see on the top of car’s antennas? Jack Wall turned this into a multi-million dollar industry by selling them online.

11. The Laser Monks - These guys really saw an opportunity and turned it to their advantage. Print cartridges are expensive and old ones clutter up the environment. Refills are cheaper and help reduce pollution. Viola! They made more than $2 million in 2005.

12. I Do Now I Don’t - Joshua Opperman got stuck holding the bag, a very expensive one, after his financee returned her engagement ring. Stuck with a ring that he couldn’t get the value back on he started a service online for everyone in this situation. He now runs a very successful home business.

13. SantaMail - Ok, this one takes advantage of little kids, but you got to hand it to Byron Reese for making millions off of this idea. Parents send him ten bucks and he writes their kids as “Santa.”

14. Amazing Butterflies - Selling butterflies and making millions? Doesn’t seem conceivable, but Jose Muniz has managed to pull it off. You can get your very own live butterfly from Jose, who started the business on a bet. I guess it paid off.

15. FitDeck - Playing cards with an exercise theme. Never work, right? Well, Phil Black made $4.7 million off of this little idea. His cards all feature fitness workout vignettes from his personal experience as a Navy SEAL and a trainer. They sell for $18.95 a pack and obviously, people are interested.

Free Anthony Robbins' The Edge Audio Program

The Edge is the first volume from Anthony Robbins’ eagerly awaited new multimedia program, his Personal Coaching Collection.

The Edge: The Power to Change Your Life Now couldn’t have a better name – it’s a powerful program that will help you unlock your own ‘edge’ to create lasting change in the areas of your life that matter most.

You’ll learn Tony’s strategies to:
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To download: Right click, Save Target As...

Day 1Day 2
Visit the official website for more information, click here.

Recent Comments Widget For Blogger

The Recent Comments Widget displays recent comments in your sidebar. You can customize this widget to display the recent comments of any blogger blog that you like, you can customize the number of comments to display, whether or not to display the author and the comment-date, and the size of the comment summary. And you can use a standard styling, or you can define your own CSS styling.

The coding of this widget was developed by Beautiful Beta and Hackospere.

Recent Posts Widget Creator

The Recent Posts Widget displays recent posts summaries in your sidebar. You can customize this widget to display the recent posts of any blogger blog that you like, you can customize the number of posts to display, whether or not to display a postsummary and the size of this summary. And you can use a standard styling, or you can define your own CSS styling.

The coding of the widget was developed by Beautiful Beta and Hackospere.

Monday, 10 March 2008

Free Tony Robbins Audio E-seminars

The following free Tony Robbins Audio E-seminars are courtesy of EmpowerNet's Real Estate Mastery Program, which I have attended.

You will have access to a suite of Tony Robbins’ audio tools, with a value of $1,000, designed to maximize your financial results.

Click the links below to download your program of audio e-seminars:

Visit their website for more free materials, click here.

The Cycle of Market Emotions

Here is a chart that shows the cycle of emotions people go through when investing in the markets (shares or properties). Understanding the cycle and the emotions that go with it can help equip investors to tolerate and benefit from market fluctuations, as we are seeing now in share markets around the world.

The average investor makes decisions that are based on emotions and these decisions are usually opposite to the decisions that should be made. Most investors want to chase the winners or the funds that seem to be doing the best and and when the market is doing poorly the investor wants to sell. If investors left emotions out of the picture they would do far better.

Click image to enlarge

The point of Maximum Financial Opportunity is when the market has dropped by significant amount and seems to be at the bottom. Ideally, this would be the best time to invest in quality shares at cheap prices. However by this stage, most investors are deeply paralysed by fear of a further market slump and will do nothing.

On the other hand, the point of Maximum Financial Risk is when the market has had substantial gains or seems to be at the top. Many people are feeling great about their investments at this stage. They feel like they just can't lose in the market, so they add more to their investments and even taking on significant debt. But sooner or later the market will turn and they are in for a roller coaster ride.

Right now I think we are at the Fear or even Desperation stage in the share market. Panic and capitulation and soon follow and then despondency and depression. But take a close look. Even though investors may be saying to themselves "maybe the markets just aren't for me" we are not far from the point of maximum financial opportunity.

The key to feeling secure in a market like this is to know that it is cyclical in nature and to understand the normal feelings which accompany a down market. Don't panic and run for safety. Think through your investments objectively and avoid debts. Around now is a good time to buy shares in quality companies.

Sunday, 9 March 2008

When will the market start going up again?

Source: Julia Lee from Yahoo!7

The short answer is, when there are signs that profits are starting to increase.

As we know the sharemarket is effectively a market full of businesses. If a business is increasing in profitability, then business value should increase and the share price will invariably follow suit.

At the moment, the business environment is not ideal for profit making. Interest rates in Australia are going up eating into company profits, the Australian dollar is high also eating into profits and people are fearful of investing in business, so there is a lack of funding to expand businesses.

Add to this the fact that the Australian market is now down 15% in 2008, and it's been a nasty surprise for anyone that hasn't had any risk management strategies in place. It's also a bad time for companies that have taken on too much risk through excessive borrowing.

There is a chart called the "Cycle of Market Emotions" and it keeps on popping up. Basically it says that the market can be defined by fear and greed. When the market is greedy it goes from optimism to excitement to thrill to euphoria. Once fear sets in then it's feelings of anxiety to denial to fear to desperation to panic to capitulation to despondency to depression. And once fear begins to turn to greed, there is hope, relief and optimism - the cycle starts again.

At the moment, investors are fearful. For the emotional cycle to turn back to greed and optimism and for markets to rise, there need to be signs that the conditions for companies are improving. A key part of this is their ability to get funding in order to grow their business and hopefully grow their share price. Westpac came out to say that it has seen no sign of improvement in global markets. Until there are signs that the credit problems are easing, markets will continue to move sideways or downwards as has been the case in the last 9 months.

Now is a time to buy quality shares at cheap prices. By quality, I mean companies with low levels or no debt, good products, good management and good prospects for growth going forward.

All in all, the market goes up down but good quality businesses at reasonable prices are good investments when the market is rising and potentially even better investments as the market is bottoming out.

Friday, 7 March 2008

Earn Money As An Affiliate


Do you have a web site? Or an email newsletter? If so, you may be able to earn a little extra money on the side for very little effort.

One of the biggest marketing crazes on the Internet at the moment is what's called Affiliate marketing. That's where a business provides a commission when one of their products or services are sold via your web site or newsletter.

Here's an example of how it works. Let's say I'm a florist with a web site. I set up an Affiliate program where people can place my logo on their web site or in their newsletter, and every time someone clicks on the logo, visits my site, and buys some flowers, I pay the referrer 10% of the sale. We all benefit. I get the extra sale and you get a 10% commission without any outlay of cash or selling required.

There are literally thousands of businesses out there that offer Affiliate programs. If you already have an established web site or email newsletter, it's a good idea to consider joining some Affiliate programs and placing ads on your site or in the newsletter. There is no fee to do this, and each time someone visits your site or reads the newsletter, there is a chance they will click on the ad, and you have the chance of making a commission on a sale.

How do they know the visitor is from your site? Most affiliate programs employ sophisticated tracking systems that know when a visitor has come from your site. In basic terms, you are given an affiliate code, and when someone visits their site from yours, it contains your code so the system knows to pay you if a sale is made.

Obviously, just having a bunch of buttons on a blank web page isn't going to earn you much. But if you have a site that is getting some decent traffic, or if you have a newsletter that is gaining momentum, it's worth considering. Once the ad is placed, there's no more work to do, so any commissions are earnt without any further effort.

Thursday, 6 March 2008

World's Youngest Billionaire

Source: Yahoo! Finance

Mark Zuckerberg, the 23-year-old founder of social networking site Facebook, is the youngest ever self-made billionaire, according to an annual list published by Forbes magazine.

"He is the youngest billionaire in the world right now and we also believe he is the youngest self-made billionaire in history," said the magazine's associate editor Matthew Miller, unveiling this year's super-rich list.

The magazine put the former Harvard student's personal wealth at $US1.5 billion, based on what it said was a conservative valuation of $US5 billion for Facebook and Mr Zuckerberg's estimated 30 per cent stake.

It played down speculation that the site could be worth as much as $US15 billion, which was based on Microsoft paying $US240 million for a 1.6 per cent stake in the company last year.

"Would it really fetch that much today? Some analysts - and a few Facebook investors - doubt it," the magazine said.

It said it based its valuation on Facebook's estimated annual sales of $US150 million.

Gates slips to third-richest


BILL Gates is no longer the world's richest man - or even the second-richest.

The Microsoft co-founder has been overtaken by US financier Warren Buffett in first place and Mexican telecoms mogul Carlos Slim Helu.

Find out more here.

Free Property Research Kit

Get your Free Property Research Kit courtesy of EmpowerNet Real Estate Mastery Program.

The Property Research Kit comprises 2 parts:

1. The EXAMPLE Kit provides a reference guide which explains and demonstrates how to fill out a Property Research Kit like a qualified valuer.

2. The TEMPLATE Kit is your blank version of the Property Research Kit to use to complete your property due diligence in the field when analysing residential investment properties.

You should find using the Property Research Kit a valuable exercise in market assessment and, ultimately, building your real estate portfolio.
Click on the below links to access your Property Research Kit:

Property Expo and Seminars

For those living in Victoria, Australia and are interested in property investments there will be a free expo and seminars to be held in Frankston on Saturday April 12th 2008 (10.00 am - 4.00 pm). To find out more and register, go to the following website:

During May, there will be the Investor Finance Property Investing Seminar 2008 to be held in Brisbane, Sydney and Melbourne. Some of the topics to be presented include:

  • Property Investing Finance Strategies
  • How To Build Your Very Own Real Estate Empire
  • Investing in the Booming Property Market – Sth East QLD
  • Property Development Strategies for Investors
  • Property Options
  • Integrating Property into a Complete Wealth Creation Strategy
  • Asset protection and Tax Minimisation
  • Property Pathways to Wealth
To find out more go to:

Wednesday, 5 March 2008

The Power of Goal Setting

Goal setting is a very powerful process for achieving success. All successful people have set some sort of goals for themselves before achieving success.

Goals is one of the 3 prerequisites for achieving successful; the other two are Action and Persistence.

The power of goal setting lies in the fact that they can help in the following ways:
  • clarify exactly what you want to achieve
  • determine the method/s that you can follow to achieve the goals
  • indicate when you expect to achieve your goals and certain milestones
  • provide an objective evaluation of your progress and what you need to do further
  • tell you what resources you might need to achieve the goals (e.g. skills, knowledge, other successful people, etc.)
Of course, goals are nothing without action and persistence. When you combine these 3 magical ingredients together you are well on the road to success.

"Achievement seems to be connected
with action. Successful men and
women keep moving. They make
mistakes, but they don't quit."
- Conrad Hilton

Sunday, 2 March 2008

Add StumbleUpon to Blogger

Source: efront

To Add StumbleUpon to the latest version of Blogger, follow the steps below.

Before starting, log in to Blogger and make sure you save a copy of your template somewhere in case you make a mistake.

1. Click on Template
2. Select the "Edit HTML" option
3. Check "Expand Widget Templates"
4. Find the following line...

<p><data:post.body/></p> - it's around the middle section

5. Replace with....

<a class='timestamp-link' expr:href='"" + data:post.url + "&amp;title=" + data:post.title' title='permanent link'>
<img border="0" src="" alt="Stumble Upon Toolbar" align=""/></a>

(You may want to replace the link to the StumbleUpon icon in the code above,, with the link to your version of the image and where it is uploaded)

6. Save Template and that's it. To see the changes just republish your blog.

Saturday, 1 March 2008

Progress Report - Feb 08

Capital on 29 Feb '08 (leap day!):
  1. Share Trading: $1,850
  2. Net Value of Managed Funds: $11,800
  3. Cash investment: $28,816
  4. Internet revenue: $15
TOTAL Equity: $42,481

  • Transferred $2,000 into Share Trading from Cash Investment account
  • Net Value of Managed Funds ($10,800) = Market Value ($32,700) + Excess Equity ($8,300) - Debt ($30,200)
  • Cash investment is currently growing at a rate of 6.75% with CBA NetBank Saver account

Monthly Change:
  1. Share Trading - Performance: -$150
  2. Share Trading - Contribution: +$2,000
  3. Managed Funds Performance: -$500
  4. Cash Savings - Interest: +$158
  5. Cash Savings - Transfer to Share Trading: -$2,000
  6. Cash Savings - Contribution: +$1,500
  7. Internet Revenue (Google Adsense): +$5

  • A further $957,519 is required within 118 months in order to reach account size of $1,000,000.
  • An average monthly income of $8,115 is required from this point forward.

  • The Australian share market ended the month slightly down from the previous month; but there are still a lot of volatility and uncertainties around.
  • My personal salary contribution to this account will now be $1,500 per month due to receiving a pay rise at work.

[Go to Jan '08 Progress Report]

Activity Summary - Feb 08

  • Work on improving Google PageRank rating
  • Obtained free web hosting from BraveNet
  • Total Hits to website: 329; unique visitors: 163 (as at 29 Feb '08)
  • Traffic sources: Google search engine, Yahoo! Answers, Direct Hits
  • Search engine keywords: "ways to get rich"," steps to get rich", "property millionaire", "how to buy property millionaire", "kimsta blog"
  • Started share trading (again), using Contracts For Difference (CFD) platform
  • Started Income Tax training course, 17 weeks duration, cost $495 with H&R Block
  • Attended Empowernet "Real Estate Mastery" Workshop
  • Received 15% pay rise at work