Using Risk to Reward Ratios and Finding the Appropriate Trading Philosophy for Your Goals
In this article, we briefly explain how to apply risk to reward ratios to your trading philosophies and explore trading principles like buy and hold and dollar cost averaging. In all of the following theories, the underlying concept that lays the foundation for the success or failure of each is risk to reward.It May Not Be a Job You Need – You May Only Need Income
There are other ways to make money besides a traditional job. If you love your job, great. Stay with it. If you don’t examine four axioms about work and see which fits you.Sifting Through Money Making Ideas!
Money making ideas vary from the sound to the absurd, and even illegal one might think, the problem is that some of these so called profitable ideas and concepts are often times nothing short of a gimmick making the buyer poorer and the seller richer. Naturally we all want to make some cash, whether it is for a special purchase, to make a basic living or even to increase our current income; but which of the various money making ideas are legitimate or at the very least attainable is another question unto itself.Business Strategies to Preserve Wealth
Preserving wealth is one of the most important business strategies for any investor. Whether you are risk averse or a risk taker, the bottom line is the same. You want to produce positive cash flow with your investments. There are several business strategies to preserve wealth. These include, but are not limited to, real estate, small business ownership, stocks, bonds, and mutual funds.Why Conscious Women Stay Broke
There’s a Biblical scripture that I frequently invoke to clients, “Faith without works is dead.” What it means is that prayer without action is worthless. It’s not enough to meditate or focus on increasing your income-you’ve also got to take deliberate steps to manifest more money.Getting the Right Education: Choosing The Right Webinars to Help Meet Your Trading Goals
Choosing the right instructors, webinars, and courses to help you learn how to trade is important in helping you reach your goals. The methodology you learn will be the core of your trading career, so making sure it’s sound is vital.4 Financial Planning Questions When Selling Your Business
Many business owners greet us with the refrain that ‘my business is my pension.’ This of course may be true, but in many cases, the business owner in question does not have any idea either how much the business is worth, or more importantly, how much it needs to be worth to achieve the lifestyle they want.How to Protect Your Portfolio: Know the Risks and Limit the Downside
Too many potential traders fall prey to widely held myths about the markets. Successful traders know the potential risk before they enter a trade… and that’s one of the major reasons they’re successful. Before you jump into a risky trade, do a little research on what you’re getting into.Creating Multiple Streams of Active and Passive Income by Trading
How much money do you want to be making? Are you making more money this month than you did last month? As you create your financial road map, everything else is a moot point. What you have to figure out is, “How much money do I really need to make out of this business?” You have to look at it as a business, not anything else. Are your requirements $100 or $200 a day? $1,000 or $2,000 a month? Or even $100,000 a month? This number is different for everybody. You first need to figure out how much money you need to make to cover your expenses. The easiest way to do this is to break down how much you need each day (daily period) and also each month (monthly period) to find the minimum amount of money you need.Millionaire Secret Number 6 – Find a Winning Product and Discover The Best Opportunity Ever!
All millionaires got to where they are with a vehicle. The vehicle is the super-wonderful product or service that everybody wanted to get their hands on. The millionaire is able to spot these wining commodities and offer them to the world. Today, you can become such a millionaire, joining the ranks of others who chose the only patented, scientifically proven method to boost and improve the immune system.Why Schools Never Teach You Anything About Money
Few days ago, a son of a friend came to me asking for advice on courses to study for his future. When I asked him what he wanted to be in future, he said, “I aspire to be like Donald Trump and Robert Kiyosaki!” “What is so special about Donald Trump and Robert Kiyosaki?” I asked. He said, “Both of them belong to the B-I quadrant. They are running businesses and they are great investors.” Not bad for a kid who is only 17 years old I thought. “Well…. Go to the school where teachers are currently in the B-I quadrant then!” I answered. “So…. Why is it that there are no teachers in school who are in the B-I quadrant?” he asked again. Let’s take a look at how the education system was formed.5 Steps to Choose Your Financial Advisor
Before you settle on your financial advisor, make sure that you have weighed all your options. The internet is vast and would readily provide you with details and the contact information of financial specialists. Friends and acquaintances could also provide helpful leads in the matter.