Black Swan Management, LLC

Investments and Strategies for the Future of Business

Posts Tagged Wealth Building

Entrepreneur Home Business Challenge

Jul 13

Posted by admin in business | No Comments

The best course of action to take sometimes isn’t clear until you’ve listed and considered your alternatives. The following paragraphs should help clue you in to what the experts think is significant.

Entrepreneurs are constantly looking for opportunities to be able to work at home and save on overhead cost.Young parents who want to be with their children when they get home from school are now becoming entrepreneur home business owners. Are these home business entrepreneurs making good money? Of course they are or they would not stick to such business at all.

Working from home has many advantages. First, you can work on you own time. You can work as early or as late as you want and nobody will ever call you attention to your working habits. If you don’t feel like working, you can always take the day off and go somewhere to relax and unwind. When you work at home, you don’t have to bother with dress code. You can work in you pajamas if you like. Anyway, it’s your output that your clients will be after not how you looked when you did the work.

Most of this information comes straight from the entrepreneur home business owner pros. Careful reading to the end virtually guarantees that you’ll know what they know.

Becoming an entrepreneur home business owner is a good option for young parents. Working from home would give you more time to be with your kids and supervise their daily activities. You can wake up with them early in the morning a join them for breakfast before they leave for school and go back to bed after they left if you want. You can even walk them to school and get that needed exercise. When the kids come home from school, you can always be there to welcome them. Work at home parents can spend as much time as they want with their kids as there are no fix rules or working hours if you work from home. The only thing that you should be concerned of is making enough sales to give you financial independence and to enjoy comfortable living. The idea of working at home is to earn without sacrificing quality time with your family.

How does one become an entrepreneur home business owner? There are many business areas where an entrepreneur can engage. Your guide would be your personal interest and your existing resources. Why personal interest? If you like what you are doing, you would not mind putting in a lot of time and effort to make things happen. Wanting something is already a big step towards achieving something so try to work within your sphere of interest and not jump into something you are not familiar with. Familiar things give you more confidence as entrepreneur home business owner. Aside from working with familiar things, you should always take into considerations the resources you have at your command. The scale of your business undertakings should always depend largely on how much resources you have so make sure you know what you have to prevent overexposure. Spending within your means is a cardinal rule for entrepreneur home business owners.

Now might be a good time to write down the main points covered above. The act of putting it down on paper will help you remember what’s important about entrepreneur home business owner.

About the Author
Gaetane Ross creates a great opportunity for people interested in working from homeFind out all about it TODAY at:http://www.4instant-online-business.comhttp://www.4instant-online-business.com/pips.html

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Entrepreneur Home Business Challenge

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Wealth Building Simplified – An Easy Guide To Financial Planning

May 26

Posted by Ravi Kumar P in wealth | No Comments

Everyone wants to build wealth. Some people find this very interesting and devote a great deal of time and effort in understanding and trying our various options to build wealth. But a lot of others who want to build wealth don’t have the inclination or time to go into the details to make great investment decisions. What is needed is a simple and systematic way to build wealth at a decent rate of return (willing to sacrifice some spectacular returns for the benefit of minimum efforts!) that does not demand too much attention from the potential wealth builder. No worries; there are a few fundamental things that one should keep in mind and as long as this is taken care of, wealth building can be done with a minimum of fuss!

I have come up with 5 C’s that one should keep in mind for a peaceful and successful wealth building effort:

1. Compounding

Explanation: There are 2 way to provide interest on an investment; Simple and Compound interest. Simple interest is when an amount is paid as interest on the initial amount (Principal) at a fixed percentage. For e.g, for Principal of 100, Simple Interest for 2 years at 10% per year would mean 20 as interest (10 per year multiplied by 2 years).
Compound interest is when the Interest earned is added back onto the Principal and the next year’s Interest is paid on the enhanced amount. For e.g, for Principal of 100, Compound Interest for 2 years at 10% per year would mean 21 as interest (10 for 1st year and 11 for 2nd year).

Bottom-line: Compounding is GOOD! It means the money works harder and earns more. Just to drive the point home, consider this: An amount of 100 invested at an interest of 10% per year on Simple Interest would end up as 200 at the end of 10 years while if the same is invested at 10% per year Compound Interest, it would end up as almost 260 after 10 years! So, always give preference to an investment where compounding applies!

2. Continuity

Explanation: Whether one invests in the Stock Market or in Bank deposits, the best way to do regularly over a long period of time as opposed to big chunks of stop-start investments. Therefore, aim to invest continuously over a longish time frame, say 25 years of your working life, from the time you are 25 years old till you are 50. Needles to say, the earlier you start and the longer you do it, the more wealth you will end up with.

Bottom-line: Do it over a LONG TIME FRAME! And invest continuously and regularly over this time frame. As much as possible, do not disturb the investments.

3. Consistency

Explanation: Along with continuity, fix and invest a consistent amount at consistent time intervals, say every month. A consistent amount (at least 10% of monthly income) invested every month over the long time-frame discussed above will ensure decent returns and a very good corpus.

Bottom-line: Just TOP-UP every month and let compounding work its magic!

4. Calm

Explanation: If the above C’s are followed, then the most preferred investment avenue is Equity investments. By their nature, equity markets are fickle and will move up and down. But long term investors should not really worry about this as over a long time horizon (10 years or more), equities are almost certain to give positive returns. So, invest in equities for the long term and keep CALM!

Bottom-line: Traders who want to make some margins everyday are the ones who should worry about the market movements everyday. For Continuous and Consistent investors, the short term market movements are best ignored.

5. Caution

Explanation: Be wary of new investments ideas that are thrown your way. If you don’t understand it, ruthlessly avoid it.

Bottom-line: Caution is better than regret. So, err on the conservative side.

Conclusion

An investment option that usually combines all the above C’s is most of the good equity mutual funds. So, all one has to do is pick a good equity mutual fund, set up a systematic investment plan with this fund that ensures a fixed amount of money is invested every month directly into this from the bank account and then sit back and see it grow. Most funds charge some fees for managing the investments but this is a worth it given the convenience offered. Of course it is recommended that you track the funds’ performance every half-year, if not every quarter and if you see that the performance is slipping up consistently over a few quarters, then it is time to switch funds and set up a systematic investment plan with a different fund house. Another safe option to consider is Index funds which are linked to the market index. The management fee is very low but this will give just the market rate of return and nothing more. This is not bad but an actively managed fund, for a slightly higher fees, usually out-performs the market on most occasions. Good luck for a successful wealth building exercise!

Ravi Kumar is one of the founders of the Chennai-based e-commerce company, http://dilsebol.com, where users can create, customize and order their own t-shirts, mugs, mousepads, ceramic tiles, coasters etc. After graduating from IIMA, Ravi worked as Area Sales Manager with one of the world’s largest beverage companies and as Business Consultant with one of the big 4 Consulting companies before establishing DilSeBol in 2007. Ravi is interested in personal financial planning and the stock market and has been investing in the Indian stock market for the past few years.

Author: Ravi Kumar P
Article Source: EzineArticles.com
Low-volume PCB Assembly

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Race Horses and Mutual Funds

May 19

Posted by Al Thomas in business, mutual fund | No Comments

For years investors have been taught to look
into the composition of a mutual funds. In other
words the “experts” want you to take the time to
analyze the stocks within the mutual fund
portfolio, categorize them by industry group and
try to understand the objective of the fund
manager. This is nonsense.

When I go the track I look to see what the horse
has been doing for the last several races. I
don’t give a hoot what he had for breakfast. All
I want to know is has he been fast? Is there a
good chance he will finish in the money in the
next race? I only want to know how he has been
performing.

Most mutual fund managers, except those who
follow index funds, are always trading. You have
no idea that what is in the portfolio today was
there yesterday or will be tomorrow. Some fund
managers trade more than others, but you can
prove this to yourself by looking at the fund
prospectus at the beginning of the year and one
of the updates that funds publish quarterly.
Many of the stocks will still be there, however,
you don’t know if the percentage holdings are
the same.

By the way, don’t bother reading a mutual fund
prospectus. They are worthless when it comes to
making money. Consider that most of the
information in it is about a year old by the
time you read it. Think about this seriously for
a minute. Is there anything you can find out in
the document that will show up in your bottom
line? I’ll wait while you think. OK? There
really wasn’t anything was there? All
prospectuses are basically worthless.

But you say the SEC (Securities and Exchange
Commission) in Washington approved this. No,
they did NOT. They don’t approve of anything;
they just read it to be sure it meets the
regulatory requirements for disclosure. There is
almost no difference between the prospectus for
the worst mutual fund and the best mutual fund
and both of them may have been read by the same
Dilbert in his cubicle at the SEC.

There is one excellent way to find out which
fund to buy. It is based on performance. How
much has the fund increased in price during the
past 12 months? Just 12 months. Many financial
analysts want you to look at 3-year, 5-year and
10-year performance. Remember that horse? I
don’t care how many races he won 3 or 5 years
ago. Can he run NOW? There are many publications
and web sites that tell you the best performers.
Investor’s Business Daily prints a list of best
performing funds each day. You might have to see
the paper every day as they sometimes just tell
about the long-term performance. You want the
last 12 months and the last 3 months.

Three years ago you could have bought the best
performing fund on the street and today have a
dog. I call a dog any mutual fund that is not
outperforming the S&P500 index.

If you were a jockey you would want to ride the
fastest horses because in many races you get a
percentage of the purse. The same applies to
mutual funds. You must own only the best
performing funds at all times. Like the jockey
you must pick the fastest horse if you want to
be a winner.

You should review your fund holdings monthly to
see that you are only in the best funds. It
might take you an hour, but you will find that
you will double the current return on your
mutual fund investments. Do it!

Author: Al Thomas
Article Source: EzineArticles.com
Provided by: Pressure cooker

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How Can I Set About to Increase My Wealth?

May 12

Posted by Marty A Cohn in business startup | No Comments

As much as you may at first resist this point, it is imperative to understand it to accumulate wealth, and a wealth mind set.

Money is a servant, and you are the master. I suggest you read this statement again, and internalise it.

I am strong in my emphasis of the above, as this is half the battle to achieving a success with wealth building and creation. How many times have you inwardly thought that you are a servant to money and it is the master. You may be thinking the wrong way around, that you must work to pay your bills, and pay your way. Now, certainly, this is correct, in one sense, but we need to look at it differently, and thus, we’ll be more likely to attract the wealth we desire to ourselves.

You see, by telling ourselves that we must work to pay the bills, we are projecting a ‘survival’ mind set, that is just enough to get by, and we are essentially programming ourselves to just survive.

How unfortunate. Now what about changing the situation around as follows:

Start out by changing your attitude, and understanding that you are the master. You do and work at what you are good at, and know you will render service to others. By utilising your earnings, and placing them in circulation, even if it is the bank, your money is then loaned out to others to help them spend on worthwhile projects and so on. The money is not idle, or collecting dust. When you have money sitting, and not doing anything, you are effectively wasting it. Please, in no way, should you confuse the above with squandering your earnings either. I am not suggesting that at all, and highly recommend you have a plan for all your funds, both inwards and outwards.

I say the above, as it is fundamental to your ongoing success, in business, and personal life, when it comes to managing your wealth.

Wealth is about accumulation of assets and money, in the right way, to assist you to enjoy life to the maximum. Remembering this will help you to maintain mastery over your money, rather than the other way around.

You will also start to attract more to your self, as you practice the skills of giving, in terms of over servicing, and delivering more than you promise. I have experienced these results too often in my own life to ever question the validity of these points.

By understanding these points, and acting on them, you will see your wealth grow dramatically. As a final thought, I also encourage you to listen to your inner voice during quiet time. This si your intuition, or sixth sense, and I have found, as many of the world’s wealthiest people have, that it is worth listening to this voice. Often times, the best ideas are formed from these inner thoughts and feelings.

To learn more about the laws of wealth building, and apply them to your life with astonishing results, I have found the Six Minute Success Method works for me, every time, and I start every day with just six minutes to ensure I am on the right track for the day. It has worked for me, and countless others. You will see results too, both financially, and in other areas of your life. The sooner you start, the sooner you will savour the results.

Author: Marty A Cohn
Article Source: EzineArticles.com
Anti-angiogenic Food

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Opportunities for Creating Wealth

Apr 23

Posted by Darryl Smith in wealth | No Comments

Creating wealth is an art. If you weren’t born with the talent and ability to do so, take heart. There are legitimate opportunities for creating wealth. The best ones allow you to make the most of other people’s knowledge, experience and expertise.

Franchises are one way of creating wealth. Unfortunately, many of the franchises that have the potential to actually make one wealthy require that you be wealthy to invest in them. If you are considering this method of creating wealth, do investigate franchise options carefully. There are many people unhappy with franchise purchases and the ongoing fees and overbearing rules that some franchises require.

Working a well paying job for your whole life is another way to create wealth. There was a time when spending a lifetime with a company that provided stock options, pension plans and other perks helped workers create wealth before retirement. In recent years, companies have been caught spending pension money, lying on financial report forms and literally stealing employee’s lifetime earnings.

Some jobs pay well but take a serious toll on health, creativity, lifestyle and family. If creating wealth at a job requires a lifetime of overtime in a less than healthy or encouraging environment, there’s a chance that your heirs will be spending the wealth you worked so hard to create.

Fads and trends can be used to create wealth. Wise buyers pay attention to what’s hot and capitalize on the popularity of items, buying and re-selling them. It is possible to make a lot of money fast with the right product and the right timing. However, the market that suddenly went hot can just as suddenly freeze over, leaving you stuck with yesterday’s goods. This method of creating wealth can be labor intensive. Purchasing, storing, listing, packing and shipping can take some time.

Collectibles are another opportunity for creating wealth. This often involves spotting what will be valuable and beginning the collection while items are affordable, collecting something you’re passionate about only to find that one day the rest of the world is passionate about it also and the value of your collection went soaring or using hard earned money to purchase collectibles that are already costly but expected to increase in value.

This method isn’t necessarily a means of achieving total financial freedom. But if you define wealth as being surrounded by what you live, it’s wealth.

One of the best ways to create wealth those results not only in being surrounded by what you love but also in the opportunity to enjoy total financial freedom is to utilize the power of the Internet combined with an established and proven wealth building business

Darryl R. Smith
Retired State Police Trooper of 26 years, working in the Expedite Trucking industry for 9 years, 6 years being the owner of a Expedite Trucking Company, presently owner of a Classic Car Sales Company which wholesales and retails autos and trucks.

Author: Darryl Smith
Article Source: EzineArticles.com
Electric Pressure Cooker

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Make Money Network Marketing – Dream Or Reality?

Apr 16

Posted by Stephen J Anderson in network marketing | No Comments

There are over 15 million people following their dream to make money with Network Marketing in the US alone and there is an estimated 53 Million people worldwide.

How many of these people turn that dream of making money in network marketing into a reality?

Like many businesses, the failure rate in MLM is very high, some statistics say it is as high as 95%. This high failure rate is not just for network marketing businesses, the success rate in most businesses is generally around the 5% mark.

Over 750 000 Americans Make Money Network Marketing…

Although 95% of people fail to make money in their network marketing business, it still leaves a group of 750, 000 people that are making a profit. These are the people that are turning the dream of working from home into a reality.

The most important question to ask is; what are these people doing and how can I become part of this elite 5% of people that have a successful network marketing businesses?

In days gone by your success depended on your network of contacts and how broad your sphere of influence was. In other words, how many people trusted and respected your advice and opinion.

This is certainly still true but thanks to the Internet, there are no limitations on how big your network can grow.

In fact, every single person has an equal opportunity to make money with network marketing. Technology allows people to widen their sphere of influence as far as they want to go. The Internet has completely leveled the playing field.

Having said this, many of the lessons that have been learned through nearly 50 years of network marketing offline are still valid. A combination of the old and new models of network marketing will bring the best results.

Online Network Marketing & Offline Network Marketing

There are 2 camps of network marketing, offline and online. There is often heated debate as to which one is more effective.

Some of the old school MLMer’s say that the Internet is too complicated and is not duplicatable while the new school MLMer’s say that the old methods are outdated and don’t give you enough leverage.

The truth is that both methods work very well independently. Combining the 2 will certainly give you a synergistic effect where 1+1 will certainly equal more than 2.

The key is working out which bits to combine and which bits to leave out.  Once you strike a balance between offline and online strategies, you’ll find that it will be much easier to make money in network marketing.

Part of the key is working out what your strengths are so that you can choose a particular marketing method to focus on. Let’s take a look at some of the advantages to marketing your MLM business online.

Advantages of an Online Network Marketing Business

  1. Many people feel uncomfortable approaching their friends and family about a business opportunity and so using online methods will allow you to target a totally different group of people.
  2. Having your network marketing business online makes it a true home based business, you don’t have to go out to meet people or drive to hotel meetings.
  3. The Internet allows for automation – many of your lead generating and prospecting tasks can be easily automated. This allows you to spend your time with the most interested people instead of talking with people who have no interest in what you have to say.
  4. An online network marketing business cuts out all geographic boundaries. The globe is literally your market and you will find that people from many different countries will be attracted to working with you…this is impossible using just offline marketing methods.
  5. The Internet allows you to attract highly qualified people into your MLM business. When you use the Internet correctly people that are genuinely interested in a home business opportunity will seek you out rather than the other way around (as with offline network marketing).

As you can see, there are a number of advantages to building your MLM business using the Internet. Without a doubt, the ability to attract highly qualified prospects is the most important. Some of the ways that you can do this are;

  • Social Media Sites
  • Blogging
  • Article marketing
  • Pay-Per Click Advertising
  • Online classifieds
  • Posting in forums
  • Banner advertising
  • Building websites

Although it’s possible to have people join your MLM business totally through automation this rarely leads to a stable organization. The skill of networking and building meaningful, long lasting relationships (a strong attribute of offline MLMer’s) is the key to success in network marketing.

Using the Internet to access the millions of people searching for a home business and allowing your marketing process to deliver only the people that are most suited to working with you is where the Internet stands out.

The Internet is definitely one of the secrets that top 5% of people who make money network marketing know about and use in their business.

The process of using the Internet to attract prospects for you MLM business is actually easier than you would think, a few simple attraction marketing strategies will get you started.

Author: Stephen J Anderson
Article Source: EzineArticles.com
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