Make money,We learn to make money.

Author: Richard How

If you want to make money you will have to make many decisions based on your own personal situation. Perhaps, the most important decision is what money making program you should choose. By choosing the best option for you, you will increase your overall chances of success from the start. When it comes down to it, making money online may be your best bet. Over the past few years this has been the most common way for people to make a lot of money without having to quit their day jobs, or greatly change their way of life.

A home business based around making money online is a great idea. If you are interested in doing this you should be aware that you will have to become familiar with many different aspects of business. Most important, internet marketing will come into play early on. It is the marketing techniques that you use which will determine how much success you have with your home business.

Many people who are interested in making money online turn to affiliate programs. With these, you can sell other companies products and/or services and get paid a commission for each sale. Of course, this is just one way idea when it comes to a home business based online.

Overall, it is up to you as to which money making program you choose. Working at home has a lot of advantages, but if you do not choose the right opportunity it can backfire on you. For this reason, it is very important that you research all of the different ways of making money online.

Success can be yours as long as you have the patience and persistence to ACT on the steps outlined for you. Remember, in this internet business , it is not a race. It is a journey.

Source: Free Articles from ArticlesBase.com
About the Author:This is the most popular Gateway. This basic Website has been responsible for over ONE MILLION affiliates. http://www.Best-ProfitMachine.com

Author: Mario Churchill

The internet is a gold mine for all sorts of businesses. There are a lot of new companies who have job offers with stay at home option that means that you can stay at home and work and get paid loads of money. This is enticing for a lof of people because it gives one the sort of flexibility that is the dream of almost everyone. For new gradautes it is a comforting thought to work from home because usually a new graduate is not yet that keen in going mainstream and battling the corporate world.

There are also those individuals who wis to pursue various work opportunities in order to make more money and one of the ways to achieve this is to work from home. Housewives who can mutli-task are also open to working from home that way they can still do house chores and at the same time make more money for the family. The internet makes it possible for all of these people to make their dreams possible.

Companies who offer jobs workign from home are not the only ways on how the internet can help one make more money. There are actually a lot more people who start their own business online. Popular websites enable us to sell and re-sell products or services online. If you want to do away with the garage sale then do the selling online by taking pictures of the things you want to sell and posting them online.

If you are a designer of web pages or clothes and you want to sell yourself online then work your way to coming up with a fabulous website that will showcase your works. Build an exceptional online portfolio and soon expect correspondence from people who are interested in hiring you. The internet is a marketing tool that is cheap and accessible by almost every American. It is good then to take advantage of this and build your business around this powerful and global tool.

If you are not so sold into the idea of a business tied up with the internet then there is no problem with that. Take for example the business of catering. If you love cooking and have the time to cook for other people then take advantage of that. You can have a test run by inviting people to your house for a day of sampling. From then on you can start asking those who rave about the food you served if they want you to cater the next time they have a gathering.

Now if you are a musician, you can also gather some of your potential clients in your own home then stage a concert for them. While serving refreshments afterwards you can start saying that you are now open to offering your services for their future events. A more personal approach to businesses is good these days especially since there have been many cases of scams lately.

Use this personal approach. Make srue that youa re able to maintain the qualit of your products and services. Learn to say no to the right offers and no to even good offers that you cannot accommodate due to certain constraints. By practicing this, you are assured that your clients only get the best. If you still get more requests or orders then study the possibility of expanding and hiring people to help you.

Source: Free Articles from ArticlesBase.com
About the Author:Mario Churchill is a freelance author and has written over 200 articles on various subjects. For more information on a great business opportunity and learn how to make money checkout his recommended websites.

Author: Mario Churchill

Money is hard to come by these days but if you have the will to really make it through then it is still very possible to make money and to make even more as each day goes by. The problem lies if you do not know where to start much more if your problem is the fact that you do not have money to begin with. How can you put up a business or invest in something when you do not have capital to begin with? Money can be found.

You just have to be strong in your resolve that once you get hold of that money you will promise to work on making more.

There are willing benefactors all aorund us. These are people with money who are laways on the look out to fidning individuals deserving of their financial an emotional support. Some of these benefactors can be well off relatives who are willing to shoulder your capital. Benefactors can also be the rich people in our community who wants to help budding entrepreneurs.

The government can also be a benefactor. They have programs to fund businessmen as long as they pass the requirements that often includes a business plan for a certain number of years.

If you have the funds but you think it is not enough then look for a business partner. They say that friends are bad business partners so go out of your circle and ask around for willing business partenrs. It is best to look for a business partner that can not only provide for additional funds but that someone should also complement you in terms of your strengths and weaknesses in handling a business.

If you are good with finance and human resources then your partner can be someone who is good in operations and marketing. This will enable the both of you to work together harmoniously by having certain areas of expertise.

You can also loan to banks but shop around for the best bank that can offer you the lowest interest rates. There are a hundred banks you can choose from and you are bound to find the one bank that will be most suitable for your needs. Also, make sure that
whatever money you loan is just enough for the business and that you can pay back the loan with at most 50% of your earnigns in the next one or two years.

Be careful because we do not want you to end up in debt in case the business does not work out. Read business books and bank guidelines to help you in your decision.

Make sure that you have a realistic business goal set up for yourself and for yourself in case you have finally decided to bring someone with you along. Also, do make sure that you have a fallback for while it is admirable to have the courage to get into something from nothing; it is also but practical to have something to go back to in case things do not work out the way we want it to.

Do start on a positive note though. Believe in the business you are about to start and work on making these dreams and long term goals into a reality. A reality that is not far from coming true.

Source: Free Articles from ArticlesBase.com
About the Author:Mario Churchill is a freelance author and has written over 200 articles on various subjects. For more information on a great business opportunity and learn how to make money checkout his recommended websites.

Author: T J Madigan

Making money with real estate flipping is very possible. It is not the easiest thing in the world to do, but with a bit of skill and knowledge you can become a success in this niche of the real estate industry. The thing that you need to remember is that investing in any type of real estate is a risk. If you expect to come out on top every time you are not being realistic. And this holds true for making money with real estate flipping in particular.

The way that you make money by flipping real estate is quite simple. The first step that you will take is purchasing a piece of property for a low price. But do not just search by price. If you do this you may end up buying something that has no potential at all. From there, the next step is to fix the property up in order to make sure that it meets all of the codes, and that somebody would actually want to purchase it. Finally, the money making step of the process. You will sell the property for as much money as you can. In order to calculate your total profits, all you have to do is subtract the buying price and the money you put into the home from the selling price. This will tell you how much you have made with the particular transaction.

Those are the three basic steps to making money with real estate flipping. Even though there are many more details that go into it, if you are aware of the three basic steps you will at least know where to start.

Before you begin attempting to make money by flipping real estate you will want to learn as much as you can about the industry. Try to find information online, in books, and by speaking with people who have experience. This way you will not be left out in the dark when you get started. Some people make the mistake of being blinded by all the money that can be made. Even though this is a good thing, it should not be the only thing on your mind.

Overall, making money with real estate flipping may or may not be right for you. You may become a millionaire with real estate flipping, but at the same time you may lose money on some properties; it is impossible to say until you actually give it a shot.

Source: Free Articles from ArticlesBase.com
About the Author:
For more articles and information or to view a selection of real estate articles and information and flipping real estate articles and information visit Articles.net.au - Your source for free Articles, Information and Website Content.

Author: Ron Gully

We have all heard the story about multi-millionaire Auction Site sellers, but how did they do it? Anecdotal evidence suggests that 85% or more got in on the ground floor. The real rich sellers got in when the auction site was a fledgling.

Why and how did this happen? It's simple - Auction sites treat their early big sellers like gold - and we know this from experience. We were a super seller on the biggest auction site around, but we couldn't break into the multi-millionaire category, however in our efforts to discover what it was that made the difference we wined and dine their executives.

It was during these, off the record, conversations that we were told how it was done and how they made millionaires out of hundreds and made multi millionaires out of dozens of their early adopters.

The secret is the in the relationship between the auction site and its "Star" sellers. So when you join a new Auction site it is important to make a serious effort to distinguish yourself from the other sellers in the crop by being conscientious and considerate of both your clients and the owners of the website.

Of course this is just the beginning; wealth comes through hard work endurance and persistence. The selection of the right Auction website is important and there are only a few new Auction sites with advanced seller programs and you don't find out about them until after you have proved yourself.

Once you join, spend a few weeks in establishing yourself, listing a good range of the product you have. Be careful not to fall into the trap of overpricing your products. If after a period of time you have not sold much, do not be disheartened, as this is the foot in you are looking for. Write a letter to the admin, telling them of your efforts and your desire to make both them and yourself succeed.

You will be surprised to find that many Auction site owners are ex-big sellers themselves and they will often be willing to pass these secrets onto their trusted sellers.

Source: Free Articles from ArticlesBase.com
About the Author:Ron Gully is an Internet entrepreneur who successfully listed his stock market website on the Australian Stock Market in 1999. Ron currently runs a progressive Auction site at http://www.bidmate.com.au

Investments are an important part of planning for our retirement future. Professional investors know all the ropes and the best way to invest but most of us struggle along trying to make investments that will benefit us in the future. It’s like running blind. Try these top 10 tips for your investments and get the most out of your money.

1. Be Wary Of Unexpected Offers - When the phone rings or that email arrives presenting an extraordinaire offer that seems too good to not invest in, stop! Strangers who offer up schemes that offer to make you rich quick but require your investment right now, most likely are scams. If it sounds too good to be true, it most likely is too good to be true. Be wary and thoroughly investigate any of these offers before you part with any of your hard earned money.

2. Don’t be Pressured - Walk away from investment opportunities that attempt to pressure you into investing immediately. Any one that tells you tomorrow will be too late or that you have to act this instant speaks volumes towards a scam that is trying to part you and your money.

3. Be Skeptical Of Large Returns - Proceed with caution and be very skeptical of any investment that guarantees to double your money in a short period of time. This is just not the way investments operate. Sure occasionally an investment can double in a short time period but generally this type of promotion is false. You’ll be lucky if you even see your initial investment back, and if you do don’t expect a higher return than the average return an investment produces.

4. Get It In Writing - Get the investment plan and contract in writing. Read it over thoroughly and do any necessary checks to ensure it is legitimate and above board. Realize that in our hi tech world it is very easy to create false documents so although the written contract is a good start you need to validate it as well.

5. Get The Prospectus - A prospectus outlines the financial statements of the investment plan, and the information about the plan or company. It also outlines past performance and future projections. Be sure to read the entire prospectus including the fine print which can often have important information in it that you should know about.

6. Get Professional Opinions - You should always ask a professional to have a look at the prospectus and give you their opinion. Ask your stock broker, accountant, investment broker, or even your attorney before committing yourself to any investment.

7. Be Suspicious Of Special Deals - If you are offered a special deal just for you, or a hot tip that no one else knows about, or inside information “between you and me” you should become suspicious immediately. These ploys to make you believe that you will have an advantage over other investors are meant to part you and your money. They have no basis of truth to them, after all insider trading is illegal and subject to severe penalties. Just ask Martha Stewart.

8. Choose Reputation - Always deal with a business or broker that is established and reputable. Never deal with anyone that you are unsure of, cannot confirm is associated with a reputable brokerage firm, or that is working independently. If a broker indicates he or she works for a specific brokerage firm like Waterhouse, you can verify this by calling the brokerage firm. Never part with your money unless you are 100% the investment is legitimate.

9. Confirmation - Check out any company or individual that is offering to sell you investments. Be sure they are licensed to sell securities. Find a local contact number by searching for Investor Protection for your area.

10. Run, Run Away Fast - When in doubt don’t just walk away from the deal, run away as fast as you can. If it’s an offer via the telephone hang up. Make no commitment to an offer you are unsure of or that appears to be too good to be true. Don’t allow them to draw you in.

Investments are very important to a comfortable retirement in the future. So be sure that you invest your hard earned money in sound investments. Follow these 10 tips for your investments and invest smart!

Deon Melchior is the Editor and Publisher of Article Click. For more FREE articles for your ezine and websites visit - http://www.articleclick.com
©2006 ArticleClick.com - All Rights Reserved Worldwide.

Wouldn’t it be wonderful if you could get rich tomorrow? What would you do with all that money? Well believe it or not it can be done. Now I didn’t say it would be easy I just said you could do it. Here are 10 tips on how to get rich fast.

1. Invest - Start young. In fact start while you are in elementary school, kindergarten is even better. It’s the beauty of compound interest and over time your money will grow into a nice nest egg. Okay if you are reading this you are probably too old to start in elementary school but you can get your kids hooked. As for you the best plan of defense is to invest 50% of your salary in a high risk market fund or the penny stock market. You’ve got a 50-50 chance. You’ll either make a million or be broke in 90 days.

2. Marry Rich - Now how difficult can this be? All you need to do is find someone who has loads of money and marry them. Okay I didn’t say you’d be happy just rich. Perhaps not a solution for most of us but it apparently works for a few.

3. Win The Lottery - Ya ya I know the odds of getting struck by lightening are better than the odds of winning the lottery but you can’t win if you don’t try and it’s one of the few ways I know of that you can get rich fast.

4. Rich Parents - If you come from a wealthy family then you are half way there. All you have to do is stay in their good books and convince mom and dad to not spend their money and leave it to you when they pass. After all why should your parents get to enjoy the wealth they reaped?

5. Get An Education - Go to school for lots of years, accumulate plenty of debt, and choose a career that pays big bucks. After about 10 years in your profession you should be rolling in the dough and you might even be filthy rich before you get old

6. Become A Star - Heck if Jennifer Aniston or Nicolas Cage can do it why can’t you. A couple of acting lessons and you should be set. All you need to do is head to Hollywood and strike it big. One good movie and you’ll be set for life.

7. Invest In Real Estate - Buy high sell low – whoops I think I got that backwards. Buy low, wait 10 years, 20 years, maybe even 30 years but inflation will have your investment growing by leaps and bounds and you could be filthy rich especially if you bought in an up and coming city while house prices were still low. Now if you bought in Hicksville USA you may have a problem. It might take more than your lifetime to see any dramatic increases. Oh well you can leave it to your kids who can leave it to their kids and in another 100 years or so someone’s going to be sitting pretty.

8. The Internet Way - Heck where have you been. A quick search on the Web will reveal plenty of sites that will teach you how to make $50,000 a day. Now I think most of us could live quite comfortably on that don’t you? All you need to do is part with about $500 and they’ll tell you the secrets of wealth in one page or less. If the first one doesn’t do it for you perhaps you might want to try a few more. Oh wait a minute. Perhaps what you need to do is set up one of these sights, then you’ll be the one getting rich off the other poor fools that part with their $500.

9. Bank Robbery - Okay highly illegal and could land you a lifetime in the slammer but desperate needs require desperate measures. After all if you get caught you might not be rich but you’ll have free room and board for the rest of your life and then you could write a book about what not to do when robbing a bank and well see you could get rich from your book. And even better, you’ll stay rich because there is really no place to spend it while in jail.

10. High Risk Work - Take on those high risk jobs no one else wants. You know counselor in Iraq, bean counter in Afghanistan, Oil tycoon in Iran. But hey if you live through it you’ll be rolling in the dough. What does it matter that 99% never live through it. You’ve got a 1% chance and when it comes to getting rich those are pretty good odds.

Sure most of these ideas are pretty off the wall but if getting rich fast was easy wouldn’t we all be rich? Then what fun would there be in that? We’d all have too much money and probably be bored to tears. So why not aim for better life with good friends, love, happiness, and enough money to live comfortably but not so much that you stop dreaming about what you would do if you were rich.

Deon Melchior is the Editor and Publisher of Article Click. For more FREE articles for your ezine and websites visit - http://www.articleclick.com
©2006 ArticleClick.com - All Rights Reserved Worldwide.

By: Jim Saboe

In the next paragraph I will reveal to you a very closely-guarded financial secret that only a handful of people are aware of.

It's so unusual and has been kept such a deep secret for so long that at first you may have trouble believing it - but I assure you its quite true. Some of the richest families in the world accumulated their using this very secret.

Wealth Secret: It's far easier to make big money during economic hard times than during the so called good years.

Fact: During the good times money moves in highly regulated and carefully controlled ways. But during economic hard times cash tends to change hands in highly unusual, even chaotic ways that makes it possible for common everyday people to quickly and easily amass huge fortunes.

Some of the largest family dynasties in the world accumulated their fortunes during the Great Depression of the 1930s. Since then they have passed the money down from generation to generation.

You can understand why the wealthy keep this fact a deep dark secret. But there is one exception - they pass the secret down to their children as if it were the family jewels.

Here is another odd fact: In 1933, in the depths of the economic depression a lady showed up at a fancy dress ball in a Chicago hotel wearing a dress made up entirely of one thousand dollar bills! Obviously, not everyone was starving during those supposedly lean years!

During the terrible hyper-inflation that swept through Germany in the 1920s those who transferred even a small amount of cash into foreign currencies lived like kings through the depression of the 1930s that followed.

Huge tax-free fortunes can also be made in the explosive black markets that will appear as if by magic when economic conditions decline. Those who have a small nest egg can quickly make huge profits by offering personal loans at exorbitant interest rates.

During economic depressions valuable assets such as cars, houses, jewelry etc. can be bought from desperate sellers for mere pennies on the dollar!

Later when the economy recovers those assets can be sold for much higher prices.

The Coming Economic Collapse

The U.S. is teetering on the brink of a financial meltdown.

Our government is forced to borrow over two billion dollars a day from foreigners. The dollar has declined over 30% during the past several years. The US auto and airline industries are collapsing. 78 million baby boomers are about to retire and drain trillions from the social security and Medicare systems. Workers pensions and health care benefits are being slashed or eliminated altogether.

City, county, state, corporate and federal debts are at or near record levels. Consumer debt alone has skyrocketed from 200 billion in 1990 to over 2.3 trillion dollars today!

How will you do during the hard times to come? Will you quickly get rich or will you starve like all the rest? It's up to you. Get the facts.

Jim Saboe recommends that you visit http://www.hardtimesgazette.com for economic depression. Survive and thrive during the hard times to come. Discover how you can make big money off the coming economic collapse.
Article Source: http://www.ArticleBiz.com

By: Robert Serina


It is your focus and goals that are the key to understanding the three basic cash flow patterns and how they interact with the three forms of income. A good understanding of this relationship is the solid core of financial education.

http://www.cleveland-real-estate-debt-help.com/

These are how the three cash flow patterns interact with the three forms of income...

Poor

With the focus on earning enough money to cover your expenses you unwittingly become dependent on your earned income.

Once you are dependent on an earned income your goals naturally drift towards ways of increasing your earned income and ways of saving for retirement. This is especially true if you have no formal plan to follow.

As long as your focus is on increasing your earned income and paying your weekly expenses then your cash flow pattern will remain poor.

Middle Class

The middle class gets a handle on their expenses and begin to have a little extra money in their budget. If you control expenses and buy a house or a better car, you are flowing your cash to liabilities. You may also begin to put a little money aside in a portfolio for retirement.

Neither of these strategies will free you from having to work for an earned income. As long as you follow this cash flow pattern, you will remain in the middle class.

Wealthy

When financial independence becomes your main goal, many changes in your attitude and focus take place. You begin to invest time trying to figure out other ways to produce income besides working for it hourly.

When your knowledge and ability get to a certain point, you begin to convert earned income into assets in the form of passive and portfolio income. A goal here will be continuous improvement of your plan and your abilities. The focus should mainly be on increasing or producing sources of passive income.

Free - Debt Help RSS feed- no sales junk only helpful content to guide you on your journey to financial independence. http://www.cleveland-real-estate-debt-help.com/debt-help.xml
Article Source: http://www.ArticleBiz.com

By John Cranley


My story, describes just one of the many basic financial mistakes that most people make during their working lives. I am writing this with the hope that it may just trigger your financial alarms bells and save you and yours from potentially loosing thousands like silly oul me did.

I got my first Job in 1997 after graduating from college with a degree in Computer Engineering. I was on a starting salary of $29000. I also moved out of home and shared a rented house with some old college friends. The rent was approx $180 per month.

After a few months I took out a car loan for $22000 @ 9% per annum. Life was great and like most 22 year olds, I lived from pay check to pay check and had a great social life.

When I turned 24, I decided to start planning for my future and save some money. I cut back on my social life and was careful with my spending. Eventually I could save about $400 dollars per month.

I asked my bank manager for advice about my extra $400 and he suggested I put it into THEIR savings plan every month where It would earn 3.2%. I was chuffed with my-self. Like my parents and teachers had thought me, I was saving a percentage of my salary. And 3.2% is a nice no risk return from a reputable financial institution.

(THIS IS WHERE MY MONEY DECIDED TO HEAD FOR THE TOILET)

(! TIP Banks are out to make a profit for themselves. )

If I had just sat down and thought it through for a few minutes I would have saved myself a large sum of money. Also, if my bank manager had my true interests at heart, he would have explained this simple principal to me. But if he were to do that, my gain would take from the banks profits.

The simple Maths. My Loan was costing me 9% and my savings earning me 3.2%. If I had simply put my $400 extra towards repaying the loan every month here is what would have happened.

I would have decreased the term of my loan substantially and as well as paying off the loan early I would have saved approximately $2,200 in interest repayments. If I had continued the saving scheme, I would have earned interest of $683. That means I would have been $1,520 ($2,200 - $680) better off if id concentrated on repaying the loan.

That’s $1,520 I wasted. As foolish as my mistake was, the sad fact is, a huge number of people are doing the exact same thing. People are putting money away for their future, kids education etc, while also repaying high interest loans, consumer debt and credit card debt.

I was fortunate in that my loan was only over five years, yet people go through most of their life saving this way. Over 20 years my loss would have compounded to 10’s of thousands.

Now I’m not saying by any means that banks and loans should be avoided. Even the mega rich get loans. The difference is, they can make the loans work to their advantage. The points I’m trying to bring across is that one should pay close attention to how they repay their loans.

Keep in mind that your bank will bring out new products every year, saving plans, pension schemes etc and their staff are often given huge commissions when they sell the products.

High interest loans and credit card debt should always be paid off first. Then when your debts are cleared, keep the habit of re-investing your cleared loan installments towards savings and other higher yield investments.

I was almost at the end of my 5 year loan, when I was shown my silly mistake by a friend of mine who was giving me financial advice. He thought me to think practically about money and he also pointed me towards some financial self help books which have really helped get control of my financial destiny. Two books I highly recommend are, Think And Grow Rich by Napoleon Hill and Rich Dad Poor Dad by Robert Kiyosaki. I urge you to study them.

I’m now 31 years old and I’ve now got my financial life well under control. You are probably thinking, (If this jackass can get control of his finances then so can I). YES you can. Make a commitment to start your financial education today and stay focused. Save/Borrow and Invest wisely. CAN.

I hope this simple story pushes some buttons for you. I wish you and yours happiness and prosperity.


Originally a computer programmer,John is now making more money through wise investing and basic financial strategies. John's aim is to provide free content and links on his website which will give people great tips and directions on their journey to financial freedom. John truly believes that you dont need to be a Financial guru to gain Financial freedom. http://www.cash-brain.com
Article Source: http://EzineArticles.com/?expert=John_Cranley

Do you realize that the actions (or inactions) that you are taking now will affect you in the coming years?

What you did (or didn't) do last year and the year before is what is affecting you right now.

So, what sort of a future are you setting yourself up for?

To have a decent future you are going to need money. World economies are dictating that you are not only going to need money, you are going to need PLENTY of money. This is because there are more and more people competing for the same amount of resources. This is simple economics.

Again, what are you doing NOW to position yourself?

Most people are ramping up their spending and putting more and more debt on their credit cards. When they max one card out they just go and apply for another one or they increase the limit on the one or ones that they already have.

Banks will happily saddle all and sundry with as much debt as they can. This is the wealth plan for the bank and its greedy CEO's and share holders. Unfortunately, for Joe or Jane Citizen, going down that path is the start of financial disaster.

Remember, what you are doing today - RIGHT NOW - is going to affect your financial future in the years ahead. If you are spending money like there is no tomorrow then, for you, that will be your reality.

To avoid this you need to educate yourself and take action now - BEFORE you one day come to the stark realization that you have sold yourself out and are settling for a lifetime of future struggle and poverty.

Don't let my words come back to haunt you. Do something positive for your financial future NOW! Don't leave it all to chance.


Brought to you by: Gary Simpson's http://www.MotivationSelfEsteem.com/Zenspiration.html website where you can receive motivating "Zenspirational Thoughts" plus an immediate FREE copy of the highly acclaimed, life-changing e-book "The Power of Choice." Here you will also be able to get your password for the "Wealthy Minds" Newsletter which will give you access to the MEMBERS' ONLY area of the http://www.turn-debt-into-wealth.com website.
Gary Simpson is the author of nine books covering a diverse range of subjects such as motivation, self esteem, affirmations, self defense, wealth creation and much more. His many motivation and success articles appear all over the web.
Article Source: http://EzineArticles.com/?expert=Gary_Simpson

By Michael Dawson

During the housing boom, many banks devised “creative” loans allowing people to borrow money with no down payment and pay low interest rates for the first few years on adjustable mortgages. Now, as interest rates reset higher, more borrowers are missing payments stressing the lender’s books. Remember my article from a month ago - Subprime Lenders Gone Too Far: A Time Bomb Waiting to Explode. Today the stock price of one subprime lender exploded. The others were wounded. Here is the damage:


New Century Financial -36.21%
Accredited Home Lenders -6.03%
Country Wide Financial -2.57%
HSBC Holdings -1.50%
HSBC, one of the world’s largest banks, started today’s party by announcing its bad debt charge would be about $1.8 billion higher than expected. In total, its 2006 charge for bad debts would be about $10.6 billion — or 20 percent above analyst consensus forecasts. It attributed the losses to problems in its mortgage lending to lower quality U.S. borrowers.

Not being one to miss a party - New Century, a big California subprime lender, said accounting errors caused it to lose track of how drastically some of its mortgage loans are losing value. It will restate results for the first three quarters of 2006 and expects to post a loss for the fourth quarter. The lender also said new loans this year will fall 20 percent as the company becomes more selective about which borrowers it lends to.

What is a stock to do with such news? New Century’s stock fell off a cliff. It closed on yesterday at $30.16 and today opened at $22.87. If you owned the stock, your best case scenario was selling at loss of 24%. I doubt many little guys were able to get out at $22.87. If you had an active stop loss order - more than likely you were stopped out around $21 and some change.

I can understand the pain of New Century shareholders. A few months ago I took a 14% shellacking, when a wise Canadian politician had a brain-fart and announced a change in the tax laws of Income Trusts. Not only did it come out of the blue, but it broke a pledge not to change the trust taxation rules. Unfortunately, I was holding the granddaddy of Income Trusts - Enerplus Resources that day. Read Navigating Thru a Trading Fiasco. Three months later and that dog still can’t hunt.

If you are holding on to shares of any subprime lender - SELL and move on.

About the Author

Michael Dawson recently said goodbye to a 20 year career in Engineering, Marketing and Sales to focus on living his dream of financial independence as a full-time trader on his on account. He has also established a financial education company, The Time & Money Group, to encourage others to pursue financial freedom and is publisher of the company's blog "Breaking the Shackles of the 9 to 5." His mantra is "Why trade time for money... when you can have both."

http://www.thetimeandmoneygroup.com/blog Make sure to read one of Dawson's most popular articles: "Saying Good-Bye to the Time for Money Swap"
Article Source: http://EzineArticles.com/?expert=Michael_Dawson

By: Kevin Sinclair

You cannot fail when you give more than 100 percent. In whatever endeavour you are doing, always give more than one hundred percent. You will find that whenever you do this, your rewards will always be far greater than the extra effort you expended. Some people refer to this success concept as going the extra mile. What it means is that you need to give people more than they expect.

If you are working in your business and want to see it grow, the surest way to achieve it is by giving more. Customers are impressed when they discover a business that is innovative and gives them more than what they expected. Look for better and more efficient ways to do things. For example, make it easy to order from your site. Reduce the number of clicks to get to relevant information about your product or the order form.

Don't be afraid of giving information for free. This is a crucial step in the online world to building credibility and trust. A free report or a sample (or extract) from your information product will enable your potential customer to determine whether what you are offering is what they are looking for.

Always include some free (but valuable) bonuses with every product ordered. This also promotes the perception of getting more than what was paid for. In some cases, I have purchased products on the net because the free bonuses interested me more than the main product.

Ensure that your product delivery is quick and efficient. If you sell an information product, ensure that the customer can download it as soon as they have paid for it. Provide alternative download formats and locations so that all needs are catered for. Follow up a couple of days later to ensure they received their products without problems. If they had problems, resolve them straight away and provide an additional bonus to compensate for their inconvenience.

If your product needs to be shipped, provide your customer with alternative shipping methods. You customer can then choose how quickly their order is to be delivered and they can pay for the faster alternatives. Again, follow up to ensure they received their order on time and without problems.

Go the extra mile with customer complaints. This is an excellent opportunity to turn a disgruntled buyer into a life long supporter of your business. Acknowledge problems and resolve them quickly. Thank the customer for making you aware of them. You can be sure that if one customer has had a problem, then others have also had the same problem too.

For those working directly with customers, always give them more than they expect and you will generate more sales. Sometimes just giving a big, warm smile and courteous attention to the customers' requirements are all that is required. In the online world, prompt attention to email and courteous responses will boost your reputation and your sales. Spend the time to determine the customers' need and then you will be in a position to satisfy it. I stress to you be sure to concentrate on satisfying the customers need.

Have you ever been into a store and everyone is glum and does not want to serve you? Do you feel inclined to buy from them? No. But go into a store where they seem glad to see you and willing to help you and you feel far more like buying their products. The same applies to the online world. A well-designed web site with easy access to information will yield greater results. Make your web site user friendly!

Don't sit around waiting for people to buy. Ensure that your marketing communications ask for the order! Encourage responses through offering a strong guarantee. When someone makes a claim under your guarantee, honour it. This is part of the trust building process.

Make the effort to develop additional skills in your spare time. Studying about leadership or how to motivate people will always be of help in building your business. There is always something new to be learnt when it comes to dealing with people and influencing them to buy.

However, never lose sight of your most important task right now - keeping your existing customers satisfied.


Author BioArticle by Kevin Sinclair, CPA, of Personal & Business Success Resources. Visit his website at http://www.mlm.ksinclair.com/.
Article Source: http://www.articlegeek.com/

Braydon McCarville

This is a list of some do's and don'ts for accumulating wealth. Some of these are common mistakes, others and just tips to help your financial future.

Don't fall behind:
Finance charges, interest payments, getting discouraged about your finances... all problems that can occur if you let yourself fall behind. Whether it's bills, credit cards, or student loan payments, falling behind can be a very difficult problem to come back from. The more you have to pay out in charges, the less you will have to invest in your future.

Set goals:
If you don't know where you are headed, how do you get there? In order to accumulate wealth you need a plan. Write out your goals, a way to achieve them, and you'll be on your way to an early retirement.

Invest early:
The greatest thing you can do to build wealth is start early. Even if you can't invest much, start with what you can and let your money grow over time. As Albert Einstein said, "compound interest is the greatest mathematical discovery of all time."

Invest in what you know:
Whether you are looking to invest in real estate, stocks, or anything else, make sure you know how the investment works. The great Warren Buffett was often criticized for not investing in technology during the dot-com boom. His answer was simple. If you don't know the business model, what the company does on a day to day basis, or how it generates revenue now, and in the future, then stay away from it. This principle can be applied to all types of investing. Don’t do what the crowd is doing:

When everyone is starting to get into an investment, that is generally when the smart investors are getting out. If everybody knows a stock is hot, or that their real estate market is booming, it generally indicates a bubble and that it's time to cash out. Investors make money buying low and selling high. If an investment is hot and lots of money is flowing into it, you can't buy low.

Don’t try get rich quick schemes:
Don't get greedy. This is easier said then done, but don't try to gain too much too fast. Building wealth takes time and hard work... there is no easy way to get rich. Save more:
This is another one that sounds pretty basic, but can be difficult to achieve. Often times people want the instant gratification and go out and treat themselves. If you have some money burning a hole in your pocket at the end of the month, save it. Think about how nice it will be when that money is working for you rather than heading out shopping.
Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR
Brady McCarville is the webmaster of a financial community that teaches people about investing money. Go there to find helpful tools, ask questions in the financial forums, read articles, and increase your financial knowledge.