How to Make Money in The Stock Market

Making money requires work - even in the stock market. Most successful investors study a variety of sources and ask a lot of questions.

1. Shop for undervalued companies.

2. Find stocks that have price-earnings ratios significantly lower than those of their peer group.

3. Watch for bad news. Wall Street often overreacts to bad news such as missed earnings, which will drive a stock lower than it should go.

4. Pick the jockey, not the horse. Find out who is running the company and where the executives worked previously.

5. Look for strong balance sheets. Companies with low debt loads, positive cash flow and consistently good earnings are good prospects.

6. Check out the portfolios of successful mutual-fund companies. If they are getting great returns year after year, they are holding stocks you might want to buy.

7. Know when to cut your losses. You want to invest for the long term, but you don't want to stick with a consistent loser.

8. Work hard. Do research. Read financial news. Study quarterly and annual reports as well as registration statements, looking for trends and opportunities.

9. Grill your broker. If the broker is recommending XYZ stock, ask for a detailed explanation, with an eye to growth prospects and historical.

Tips and Warnings:

- Go online. Dozens of Web sites offer financial news, advice and analysis.

- Use a discount broker, not a full-service broker, if you know what you are doing and you have time to execute your own trades.

- Check out freeedgar.com, which offers registration statements, quarterly and annual reports, and other SEC documents online - all for free.

- Take advantage of the employee stock ownership program at your place of work, if your employer offers one. You can buy your company's stock at a discount.

- Full-service brokers make money on activity, not on the quality of their trades, so don't assume your broker is always working in your best interests

(Source: ehow.com)

How to Find Ways to Earn Passive Income

1. Passive Income is most easily defined as money made without effort. In the communication age there are many opportunities to create passive income for yourself and this article will assist you in finding ways to earn money with minimal effort

   1. Begin by evaluating your current situation. Do you have specific knowledge that people would pay for? Do you have a source of capital to begin a venture? Is it realistic to spend alot of time developing your revenue streams? Without honestly answering these questions you will be out chasing the next new fad and will never achieve success.

   2. If you answered yes to the question regarding knowledge that people would pay for ask yourself how you can use this knowledge. If this is an elaborate amount of knowledge such as how to repair every problem in a home or how to achieve a chiseled physique you may consider writing a book in your free time. This is a much more viable option now than ever before due to the availability of books for download and other online options for delivery to the public.

   If your knowledge is more broad than these examples consider writing article such as this one. While it requires less in-depth knowledge and specifics, it also does not include the marketing headaches and platforms such as eHow gives you a certain level of instant credibility.

   3. If you have a little capital and the ability to write insightful articles consider your own blog. While this is the flavor of the month in some respects it is possible to make money if you can write knowledgeable and entertaining content. Viewership typically grows exponentially so it will take time but knowledgeable, entertaining writers will always be discovered over time. You can find many blog sites for free such as blogger.com until you are ready to make a minimal investment to customize your site.

   4. Do you have an idea for an interactive site that can draw internet traffic? This is the golden egg as it requires little to no maintenance. If you have a blockbuster idea such as Facebook or the Action Hero Club you can develop your platform with upfront costs and then just worry about the marketing of your idea. This is ideal.

   5. I know, I have not given you any specifics for developing income streams. Through continued research I have found the best resources depend upon your current situation. As your blog or website is young you will need to rely upon Google Adsense or a similar tool to provide you with minimal income. As you grow you can turn your growing traffic into affiliate traffic with much higher revenues. You can work out agreements individually with vendors or turn to companies such as Commission Junction to allow you to partner with name brand products for commissions that range from two to fifteen percent of sales. If your traffic will purchase products with your logo utilize resources such as Zazzle to create revenues until such time you can produce products in-house. Want to recommend books or music? Become an Amazon affiliate.

   6. As is always the case, you must have a marketable product, however with the growing of the information age this product can be your knowledge base. I hope this article at least laid out the basics of how to position yourself to capitalize on the current information age and will help you create at least a small, beginning revenue stream until you can develop a following where demand continually exceeds the supply of your product.

   (Source: ehow.com)

How to One Day Be Rich

Ever driven a sports car? Well, if you have, then you'll know that money can buy happiness. Today in this modern world, it's everyone's dream to become rich, but it won't happen instantly. So the best thing to do would be to start thinking about how you're going to get rich now.

Steps:

1. Start saving! If you save $5 a week then in a year you will have $260 saved up, which you can use later to help you become more wealthy.

2. Get a good education! Would Bill Gates of invented Microsoft if he didn't have a good education? Well, the short answer is no. Getting a good high school and college education is one of the most important things you'll need to one day become rich.

3. Learn about investing! If you start learning about investments when your 11 or 12, then by the time you're 18 you'll know how everything works, And you can then start investing

4. Invest! Once you have learned how to invest, you'll be good to go. Start investing little amounts of money as young as possible. For example, invest $100 in KFC when you are 18, and by the time you are 28, that $100 might be worth $1000!

Tips:

- Ask for help from people who know about investing or have invested before. But don't believe everything that someone who will make money off you tells you, they will probably just be bluffing.

- You can get cheap investments in things when the markets are down, because people will want to sell their shares in case they lose all of their money, when most likely, the market will get even better than it was before in a couple of months.

- Don't forget the people who helped you become rich, as you may one day need them. Buy gifts for these people and stay in contact with them.

- Don't let boyfriends/girlfriends get in the way of you becoming rich. If you need to sit by yourself every recess and lunch for your high school life studying, then so be it. Just remember that high school's only for 5 or 6 years, and being rich is for a lifetime. Mutual funds are safer and cost as much as some stocks. A mutual fund is share in a lot of companies.

Warnings:

- Don't invest alot of money in things you don't know much about, as you are likely to loose your money.

- Don't invest too much money in one thing, spread your stocks out between different industries, so even if you loose all your invested stocks in one market, you'll still be making money from all of your other markets.

Source: wikihow.com

The Easiest Way to Get Rich

Step 1: Get a well-paid job
This is a reasonable amount of work, and takes a few years, but it's a virtually guaranteed way to make a good income. If they're willing to put in the work, almost any intelligent person can get a job paying $100,000 or more within the space of a few years. While it's not easy, it is by far the easiest and most likely way to secure a good income. In fact, I've already written an entire article on how to get a job paying more than $100,000 a year for those who wish to pursue this avenue.

Step 2: Get good tax advice
However you make your money, your number one expense is likely to be funding the government. In most developed countries, the average worker pays around 30% of everything they earn straight into the taxman's pocket. If you've taken my job advice, you'll most likely pay even more than that.

While taxation is necessary to fund the good things governments provide, you don't do yourself any favors by paying more than your fair share. If you're serious about building wealth, get a good accountant who understands how to legally minimize your tax bill.

Step 3: Save 20% of everything you ever earn
As soon as you get paid, arrange to have 20% of your income removed into a savings account. Many banks can do this automatically for you. Keep your savings account separate from your spending account, and you'll barely miss this money.

There's a saying in economics "expenses rise to meet income". This means money that's easily available to you is certain to be spent. That's why most people's paychecks disappear before their next payday. They get used to having a certain amount to spend, and habitually run down their bank account. 

Have your savings moved somewhere it's a hassle to get them out of to avoid this risk. Many high interest accounts require you to give them a few days notice, which is ideal for this purpose.

Step 4: Conservatively invest the funds that build up in your savings account
Once a month, go into your savings account and divide the money by investing it into the three core conservative assets: shares, property and cash. Open a mutual fund account for shares, a property fund for property, and a money market fund for cash. Look for share and property funds that invest in a broad range of assets and most importantly charge very low fees. An index fund is ideal for the shares. An index of property funds is ideal for property.

Put an equal amount into each account. This will diversify you against risk in any one particular asset. If you're younger, this rule is a little bit flexible, allowing you to take a little more risk and put more into shares and property if you like.

Step 5: Reinvest any income you get from your assets straight back into buying more assets
Mutual funds and property funds pay dividends. Money market accounts pay interest. Don't take this income into your spending account. Instead, select the option to have it reinvested into the fund that generated it.

Step 6: Never touch these funds and do your best to ignore them
The business press, like the mainstream press, loves a crisis. "Shares to skyrocket" or "Property to plummet" headlines will sell many more copies than "Things to continue steadily". All markets go up and down. Every day, some speculation will be published about some crisis or opportunity. 

Ignore it all.

Just keep putting the 20% into your assets. Sometimes they'll go up and sometimes they'll go down in value. But over the long term, they'll almost certainly go up.

Step 7: Wait a decade
Do what I've outlined above and in a decade you'll be rich. Sure, you won't be Bill Gates, but you'll almost certainly be in the top 20% of wealth holders. Wait another decade and you'll be in the top 5% or higher. 

That's the plan. It's not the most exciting or glamourous way to build wealth, but it's the easiest. Quite simply, this is how most rich people got there.

You too can join them, if you follow it.

Source: www.paulstips.com

Success Secrets - Success Mindset: The Million Dollar Secret in Your Mind Can Change Your Life

Just forget everything you've learned about business and marketing! It just doesn't matter! It's not about your skills or marketing strategy, it's all about your Money Blueprint. T. Harv Eker states: "Give me five minutes, and I can predict your financial future for the rest of your life!" He claims that you can have all the knowledge and skills in the world, but if your "Money blueprint" isn't set for success, you're financially doomed. We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. Thus you can know everything about marketing and sales, but if your money blueprint is not set for a high level of success, you will never have a lot of money. And even if you somehow do, you will most likely lose it! The good news is that you can actually reset your money blueprint to create natural and automatic success.Jamie McIntire claims that the right mindset represents 80% of success, our skills and marketing strategies provide only 20%. Therefore we may presume that if we neglect the right mindset, we shall be held back from financial succcess.

The goal of this Squidoo Lens is to share winning strategies of millionaires, and help you to achieve your goals. I hope that these success secrets will help you to achieve financial independence faster and easier than you ever thought possible.and help you to set your Money Blueprint for high level of success!

This Squidoo lens is about...
- how we can change our money blueprint;
- how fears, doubts and worries are blocking us to thinking clearly and finding solutions to our problems;
- how blaiming other people and outer circumstances are destroying our financial future;
- how our thoughts are influencing outcomes - the results we get;
- how working hard and making money has nothing to do with each other;
- how we can create and maintain wealth with the strategies of the rich people.

I also share my own personal experience in this field and I hope that you will share yours!
Good luck with your New Millionaire Mindset!
Yours,
Rachel Richmond
http://www.millionairemindpower.com/

3 Surefire Ways to Get Rich Quick - Do They Really Work?

The numbers are in - economic experts have predicted that in 2010 the economy will still be on the down side. During these trying times, we tend to look for ways to alleviate the tight situation. A lot of people will always welcome those fast and easy prospects of improving their lot. It seems that the so-called gurus on financial success are having a field day in the midst of increasing desperation of a growing number of people in searching for ways to pull themselves out of their present financial predicament. When people get into trouble because of job cuts, payment defaults and foreclosures, these so-called financial experts will always have the solutions.

Here are the 7 most popular quick-fix solutions that we normally hear from them:

1. Go into stock speculation

Prospects:

It is being hailed as our ticket to overnight financial windfall. It is a given that there is money in stock trading. You only have to make the right choices and invest on right ones. In most cases, it is wise to look for small companies as we all know that blue chip companies all started small. Your stock portfolio will grow as these companies expand their businesses.

Caveats:

If you are looking for the right way to improve your finances, then stock speculation is not a sound option. Stock speculation is done without much research. You are actually gambling instead of investing. You have to understand the fact that if indeed this is a great option for those wanting to get rich, then everyone would be forming a beeline to get a piece of the action.

2. Become a Real Estate Flipper

Prospects

Buyers are king and this is the best time for real estate flippers. Let's see - rates and house prices are still in the low levels while inventories are high in most real estate markets. It is the best time to take advantage of the fallout of the bubble burst. Buying cheap properties will yield gains by as much as 25%! You can even use your real estate property to leverage a low interest home equity loan to purchase cheap properties. You will surely laugh your way to the bank once house prices start to pick up.

Caveats:

There is no indication that the real estate market will bottom out any time soon. Buying now is a totally sound decision if you are looking for one that you can call your own. Otherwise, you end up speculating again with the expectation that you will be able to unload the property in the near term. You are playing with fire and inviting disaster of colossal proportion. House flipping can lead to financial ruin so very careful when you leverage your present equity to finance a "bargain" home.

3. Become a blogger

Prospects

The Web is awash with "proven" techniques that will help you turn your blog into a veritable cash cow. You don't have to be another Fyodor Dostoevsky to generate strong following. All you have to do is throw in some really profitable ads and write posts and you are ready to go. It's that simple.

Caveat

Sadly, all these promises of great wealth from blogging don't come overnight. You might earn a few cents from your advertiser accounts and after using your "secret blogging formula" for a few months, you will learn that there is more to it than your formula. It would take a lot of hard work and persistence before you can finally see green. This is not for you if you are looking for a quick rich scheme.

At the end of the day you will learn that there isn't much you can expect from these get rich quick schemes. The gods must all conspire for you to get rich overnight. And if you are not fortunate enough to get them working for you, then you have no other choice but to rely on sheer hard work and persistence.

(Source: ezinearticles.com)

So - You Want to be Rich? 7 Wealth Attraction Tips for Entrepreneurs

We all hear it. We all say it. Everyone wants to be rich but, short of picking the lucky numbers or winning the Publisher’s Clearinghouse Sweepstakes, most people go don’t know how to amass the wealth they dream about.

Here are the top tactics of successful entrepreneurs:

1. “Dig the well before you’re thirsty” – Confucius

We discussed this last week. Marketing, whether your business or yourself, is the one task that wise people do daily – YES...DAILY. You should do at least one thing each day to keep your marketing funnel full.

2. “The moment you begin to think of time as precious and that it has a price, the richer you will become.” – Robert Kiyosaki, Rich Dad’s Guide to Investing

Do you spend your time wisely or do you squander it by spending hours in front of the TV? Successful entrepreneurs understand that how they spend their time determines their future. It’s critical to do the things that will move you/your business forward each day.

3. Have a wealth mindset

Successful entrepreneurs are focused, first and foremost, on being secure. Then on being comfortable and finally, on being rich. It is this focus on security that forces them to build systems and look at the big picture as opposed to doing what is best only for the short-term.

Successful entrepreneurs also understand that they need to invest in themselves and their business in order to reach their long-term goals. Doing things “quick and dirty” or for the fast buck doesn’t create the long-lasting success that you are looking for.

4. Have a sense of urgency

Successful entrepreneurs are not procrastinators – they get things done and done today! Their sense of urgency is borne not only of their appreciation for the value of time, but also as a way of insuring their clients are always satisfied. Why make them wait? Happy clients purchase from you and they do so repeatedly.

5. “Don’t feel overwhelmed...just do one thing at a time.” -- Rose Lindsey character in “Don’t Tell Mom the Babysitter’s Dead” movie

The above quote may sound familiar and is a trademark of all successful entrepreneurs. Have 100 things to do? Don’t know where to start?

Just pick one and do it. It doesn’t matter which one, just do something. Sitting and staring at the pile or fretting about how much you need to do won’t get you anywhere. But doing one thing, and then another, and then another will.

6. Be a “big picture optimist and detail pessimist”.

Direct marketing guru Dan Kennedy tells the story of how he travels a lot and never worries about the plane going to the wrong city or exploding in midair or experiencing some other trouble that would result in his never reaching to his destination (big picture optimist). At the same time, he plans for the plane to leave late and arrive late, for his luggage to be lost and for the food (when you get it) to be inedible (detail pessimist).

Using this approach in project (and travel) planning insures that you’ve anticipated the potential problems which Murphy’s Law usually provides and have solutions already in hand. The worst that can happen is that you never need your “Plan B”.

7. You can't (and shouldn't) do it all

Successful entrepreneurs know and understand that trying to do everything themselves is a prescription for overwhelm and burnout.

The truly successful create teams and delegate effectively. Having one (or several) good virtual assistants, a bookkeeper, a pre-paid legal plan, etc. takes the day-to-day minutiae off you so that you can focus on the big picture.

No matter where you are today, I encourage you to do one thing today that will move you forward in your goals. Remember Confucius (knew a lot, didn’t he?): “A journey of a thousand miles begins with a single step.” Take that step today and feel the momentum carry you forward.

(Source: ezinearticles.com)