Is the Mutual Fund you build yourself! The perfect Mutual Fund you build should have the objective of owning no more than 12 to 15 companies; owning shares in 12 companies would allow the diversity needed to sleep well at night and would provide a cash dividend every week of the year. The 12 companies (with staggered dividend payout dates) in your perfect Mutual Fund should not only provide a cash dividend every week of the year, each company...more
Are there any universal laws that most successful people seem to follow? Great question, huh?With that in mind, I began listing some common denominators in order to share them with others. I've been very fortunate to have had some success in my life, as well as the opportunity to meet with some very powerful and influential people over the years. These are the common laws that each seemed to follow, and I now wish to share them with you.Universal...more
Have you ever noticed this to be true?The best things in life for me are those things are not things at all. People and experiences make the biggest mark: a wonderful relationship, time with family, or a fantastic vacation that stays in my mind for years.It seems funny to me that we spend so much time on this planet chasing "things" that we lose focus on what matters most. I mean, what's the point of having that fantastic new home if you sleep in it all alone? Or drive the nicest of cars but are too ill to take it out for a spin?Last week I was fortunate enough to meet an incredible guy named David. He's one of the wealthiest people I've ever met, and one of the richest guys I've come across.What's the difference you ask? Well, I've known many wealthy people (the type with all the material resources you could imagine), and then I've met truly rich people who have one thing in common: they have balance.David has all the monetary success you could ever imagine, yet what made him special in my eye is that he wasn't driven by money; it was more about his relationships. His wife and children mean the most to him inside. He works out every day, watches his diet, and here's the real...more
Not long ago, I traveled back east to Ohio and Chicago. While I was there, I was amazed that the friends I made along my journey seemed to have completely different observations of the state in which they lived. For example, when I asked what the winters were like in their town, I got completely opposite answers from people, depending on where they...more
It is important to note that every smart investor wants to minimize risk while maximizing profit potential. Yet conventional investment theory tells us that in order to increase returns, you have to increase risk.You may be surprised to find that this conventional wisdom is not always true. When I was a professional stock trader, I made most of my...more
For most people, there is a direct correlation between how worried they are about retirement income, and how much they can actually do about it. This is because the more worried you are, the closer you probably are to retirement, and the less time you have to do anything - like save up. Effective 'saving up' requires time. Time so your money can grow. Save an extra $200 a month, three years before retirement (at age 62), and you'll amass a grand total of $7,887 (averaging 6% growth). Not likely to have a big impact on your retirement lifestyle.But what if you invested for retirement when you were NOT worried about it? What if you, say, quit smoking a pack a day at age 45 and took the money and invested that instead? (For the purposes of this illustration, let's assume a pack costs $7.00 and you smoke a pack a day so you invest, for easy figure's sake, $200 per month. Again, average compound rate of return is 6%.)Instead of starting to save when you start worrying about retirement (at age 62), and amassing that grand total of $7,887 by age 65, you start saving when you're NOT worried about retirement (at age 45 - by quitting smoking and saving that money) so you end up with, wait...more
Looks like Microsoft Great Plains becomes more and more popular, partly because of Microsoft muscles behind it. It seems to be goof solution for mid-size and even large multinational corporation with Headquarters in US and branches Worldwide. You,...more
For those business, non-profit and association managers committed to PR tactics like radio and newspaper plugs, it can come as a surprise to discover where public relations value REALLY lies. Truth is, your PR budget can deliver results far beyond...more
Todays business environment has changed drastically from just a few years back. Rather than working exclusively with equipment, data, and systems, todays IT managers face issues such as cross training, personnel management, interdepartmental...more
In my audio program Book Yourself Solid, The 7 Keys To Getting More Clients Than You Can Handle Even If You Hate Marketing And Selling, I focus on the nitty gritty of what to do to get loads of clients but the real key and what I try to deep into is...more
Having been in the personal care manufacturing business for a number of years I have some advise for those of you thinking about starting a manufacturing operation. First off some manufacturing basics. Manufacturing is essentially the same no...more
Learn more about these topics by subscribing to "Monday Morning Mindfulness" at http://www.schrift.com/monday.htmSandra's ezine 'Monday Morning Mindfulness' Sandra Schrift will help you grow and enlighten your soul with her bi-weekly ezine 'Monday...more