Why Learn to Trade Stocks?

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Stock trading has many benefits as a part time occupation. Compared to another job, there are no special qualifications to start. If you follow a few simple rules you can run your business as you want.

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Stock trading has numerous benefits as a viable part time occupation.

In contrast to a second job, there are no special qualifications to begin. The stock market doesn’t care about your level of success, education, ethnic origin or any personal characteristics. Complex employers, office politics or difficult employees do not play a part in trading. Additionally you have the freedom to trade from any location. If you follow a few simple rules you can run your business on your own terms.

The most important factor is to be clear about why you want to trade stocks. What do you hope to gain financially from learning to trade?

Are you looking to:

1. Create an enhanced lifestyle with supplemental income?

2. Replace a full time income with a passive income stream?

3. Become independently wealthy by creating a financial base independent of other income sources?

What would being a successful trader mean you? Imagine yourself making successful trades and gaining financially. Think about what it would feel like to have extra money in your bank account and to achieve your targets. With a clear picture of what you want and how that would feel you will be able to remain focused and motivated.

Your first task.

Your first task is to put one primary goal for your trading plan in writing. Additional goals you set can then support your primary plan.

Know Yourself

As well as learning to trade stocks it is essential that you understand yow you react under stress. Being aware of your own behaviour patterns and common causes of and reactions to stress when trading will help you to master stock trading.

The reason that many people lose money in the stock market is because they lack the proper knowledge base. Independent of trading styles there is one thing common to all successful traders; the use of a tested and proven system.

In learing to trade you must be willing to let go of pre-formulated ideas and start fresh, develop new successful habits, and the discipline necessary to trade successfully over time.

Are you willing to do this?

Successful stock market trading eludes many people because they don’t have contact with an experienced, successful trader or trading system that actually works. Going it alone can be potentially expensive when learning by trial and error. Investing in a solid education and taking advantage of the insights and experience of successful trader makes a lot of sense when learning to trade successfully.

Do You Really Need to Buy A New Car?

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I have notice that keep on changing new car has become a trend of today’s life in city. People keep on switching to new car for no reason. It seems like car has become a way for people to express and show their status. Every year there are so many new car models coming up. So they keep on changing the car whenever they saw some new models that they like.

car, installment, loan, investment

I have notice that keep on changing new car has become a trend of today’s life in city. People keep on switching to new car for no reason. It seems like car has become a way for people to express and show their status. Every year there are so many new car models coming up. So they keep on changing the car whenever they saw some new models that they like.

I had even heard people saying this: ‘Since I need to pay for my installment every month, then why don’t I switch to a better new car??It seems like paying car installment has become part of people’s routine life where if they don’t pay for the installment, they don’t know what to do with the money. Maybe people have forgot that they don’t have to pay for car installment if they don’t want to.

I know that I may offend a lot of people by saying that buying a new car is not necessary. However what I am saying is not that you cannot buy a new car. But when you wanted to buy a new car, think about why do you want to buy it. Is it neccesary? Do you want to buy it because you need it? Or you want to buy it simply because you wanted to show off to people that you are rich. Do you buy the car to boost up your ego?

For me, I only buy a car when it is needed. When I say needed, I mean that I really need the car. Not for no reason, not for showing off purpose. If my house is located at an area where I have no access to public transports, then I will consider to buy a car. If my old car has too many problems, then I will consider to switch to a new car.

Currently I have a car of 5++ years old. I have no intention to change a new car right now as my current car is still in good condition. I plan to use the car for at least 10 years if the conditions are ok. Actually the car is currently used by my wife to drive to work. For myself I am actually taking public transport (LRT). I have no intention to buy a second car although there is no problem in getting one financially.

With this I can save at least RM1000 per month. I would rather leverage this RM1000 per month for other purpose for example paying extra for my house loan. This way I can finish my house loan faster and reduce the interest. Why do I want to increase my expense to somewhere that I don’t really need. I can even use the extra money to do some investment. This will improve my financial situation.

Poor People: Why do you Give to Help Them?

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Is it right to make people feel guilty for not giving to help poor people? Is that an honest motivation, or is it stealing? This article may stun some people!

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This article may upset some people. Money can be a touchy subject. And when you combine the subject of money with religious feelings, there can be conflict.

I saw a commercial on television that really bothered me and I wondered why it was so disturbing to me. Perhaps you’ve seen it, or similar commercials, or even heard a message like that from a pulpit. I finally figured out what was upsetting me.

The message was intended to make me feel guilty if I didn’t give money to help poor people. Now I am in highly in favor of helping people, but let’s stop for just a minute to consider those living in poverty.

First of all, God never intended for human beings to live in poverty. The very first recorded words in the Bible from God to man were, “Be fruitful.? It was not, and still is not the will of God for people to be poor and have lack. Secondly, Jesus Christ said that the poor will always be here. So, any talk of eliminating poverty from the face of the earth is to say that Jesus lied.

Now there are people all over the world in need of help. No one can deny that. But why do some religious people try to make you feel guilty if you don’t give to help the needy? That is a violation of the principle of giving. The Bible says that we ought to give, not grudgingly or of necessity, because God loves a cheerful giver. You cannot give cheerfully if you are made to feel guilty about it.

In my opinion, making someone feel guilty so that they will give you their money is stealing. Your feelings are being manipulated; you are being forced to give your money. Thievery!

And have you ever wondered why is there so little preached about the benefits of giving? God has promised that as you give, He will fill your barns or storehouses with plenty. He has promised that you would have abundance. He has even promised that He would open to you the windows of heaven and that He would pour you out a blessing that you would not even be able to receive! The principle that God set up is that of giving, and receiving.

When was the last time you heard someone ask for money and also remind you of the blessings that you should expect to receive back? Rare isn’t it? Instead, they want to take your money and not even tell you that you are supposed to expect to receive back. If people do not know that they are supposed to receive back, they will not be looking for it or expecting it. If you think that there is no fruit on a tree to pick and eat, you wouldn’t even consider going over to the tree to look. So, good, sincere, God loving people are robbed again, this time from the blessings they should be receiving back for their giving.

Instead of making people feel guilty about what they have, and guilty about the lack others have, why not teach people about the abundance God has promised? Why not teach people how to prosper? The Bible says that God wishes above all things that you prosper and be in health. Why not teach people the principles of prosperity that are clearly defined in the Bible?

Someone may shame you into giving up fifty or a hundred dollars. But think of what could happen if instead, they taught you how to prosper. What would happen if your income increased by 20, 30, or even 50 thousand dollars a year? Wouldn’t you have a lot more to give to help people in need? And you could give to help them, not grudgingly, but cheerfully. It is not a sin to be wealthy. Money is not evil. It is the love of money that is the root of all evil.

Christians need to believe God’s promises of abundance and operate the principles of prosperity. Then their lives will be blessed and abundant and they will have plenty to give to those in need.

You Deserve More Money!

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You deserve more money. Everyone does. We work too hard to only get paid what we currently get paid. It’s not a scam. It’s simply using the assets you have to leverage a greater investment!

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You deserve more money. Everyone does. We work too hard to only get paid what we currently get paid. It’s not a scam. It’s simply using the assets you have to leverage a greater investment!

Here are a few ideas to help you increase your income. But if you’re reading this while you’re on a website that highlights secured loans, you’re probably wondering what increasing your income has to do with a secured loan. There are actually many reasons, so you’ll have to read on.

But first, one of the ways you may want to increase your income is by finding a part time job to do in your spare time from the comfort of your own home. For example, you may increase your income by selling things on eBay or by working over the Internet to design websites for people. This way, you can keep your current job but build up some additional income. Who knows? You may eventually end up becoming so busy that you have to quit your day job! This is using your asset of time to make money.

The second thing you can do to increase your income is to invest in the stock market. This is not as scary as you might think and it involves the same principle that you know from owning a home. When you bought a house, how did you think you would make money on it? Simple: Just by hanging onto it for some time, many homes rise in value over time. It’s the same with the stock market. Sure, not all homes (and not all stocks) rise in value. But if you give even half the thought choosing stocks that you gave to choosing a house, you should find one that should generally rise. But the key is to hang onto it. You don’t sell your house every time the market fluctuates! In fact, you probably don’t know or care how much your house is worth until you’re ready to sell it. It should be the same with the stocks you buy?and sell. This is using your assets of shares to make money

The third thing you can do to increase your income is to get a secured home improvement loan. As you already know, your house is an investment and if you can do something to increase its value, you should! Getting a home improvement loan is an easy and affordable way to increase the value of your home so that when it comes time to sell your home, it will be worth more. This is using your assets around you to make money.

The fourth way to increase your income will surprise you. Consolidate your debts! Get a debt consolidation loan to pull all of your outstanding debts together and put them in one secured loan. The interest rate will be less, the monthly payment will be less, and the monthly payment will be fixed. A lower rate and payment will mean more money for you and a fixed payment will mean it will be easier to budget! This is using your assets of current habits to make money

Budget Backyard Family Vacations

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When travel and lodging are cost prohibitive, you can still have a vacation right at home. Yes, in your own backyard. Many of us live within reasonable distance to museums, campgrounds, historic sites, and beautiful state parks. You might be surprised at what you find in your own local area.

Do some research in your area to find free or low cost activities and sites to visit. Schedule something for each day of the week, even if it’s just a park visit for a picnic. Some are…

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When travel and lodging are cost prohibitive, you can still have a vacation right at home. Yes, in your own backyard. Many of us live within reasonable distance to museums, campgrounds, historic sites, and beautiful state parks. You might be surprised at what you find in your own local area.

Do some research in your area to find free or low cost activities and sites to visit. Schedule something for each day of the week, even if it’s just a park visit for a picnic. Some areas have local public beaches. Plan an outing at a local public beach. Visit historical sites. Many of these are free, educational, and fun for parents and kids.

You can even plan activities at home just as if you were at an exotic vacation spot. Have a different theme for each day. For example:

1. Beach day – sun tanning, volley ball, make some fancy icy drinks to sip on in the sun, have a picnic.

2. Camp day – stay in a tent or sleeping bags under the stars, build a little fire if allowed in your area, roast marshmallows, make smores, sing campfire songs.

3. Have a backyard fair – create booths with games like ring toss or balloon popping to win little prizes.

4. Colonial day – dress, and live in another era!. This is great fun. I thought of this one purely by accident when the electricity went out one day. The kids expressed how “neat’ it was to live like they did in the “old days.” No lighting except candles and lanterns, no T.V. or radio, no video games or computer. Sounds boring, but believe it or not, they had fun coming up with ideas to keep occupied. A good teaching tool too! Shhhhhhhh?. don’t tell the kids.

5. Cultural Day – Live, celebrate, dress, and eat as you learn about different cultures. Some examples might include an Irish, Native American, or Spanish Day. Another great learning experience. Try to include some ethnic games to make it even more fun and interesting.

These “theme days” at home will take some imagination and a little work, but will be loads of fun for everyone. Half the fun will be in the creation, so let everyone pitch in. With a little imagination and creativity you can have a wonderful vacation right in your own backyard. You may even have more fun than actually being in another part of the world!

Minimize Disruption Of Personal Finances After Natural Disasters

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With the recent increase of incapacitating natural disasters, it’s vital to prepare for what might happen down the road.

Minimize Disruption Of Personal Finances After Natural Disasters

With the recent increase of incapacitating natural disasters, it’s vital to prepare now for what might happen down the road. The best way to avoid a major disruption in your financial life after a disaster is to automate critical transactions that are currently done on paper. With tornado season from April through June, hurricane and typhoon season from June through November and the potential for earthquakes at any time during the year, there is no time like the present to ensure that you will have access to your money and personal documents in case of emergency. The following are five things you can do now to prepare for the next natural disaster:

1. Sign up for Direct Deposit of your paycheck or Social Security benefit. One of the major problems in the aftermath of Hurricane Katrina was that people paid by checks had no access to their money. On the other hand, people paid through Direct Deposit were paid on time automatically. If your employer doesn’t offer Direct Deposit, send them to the business section of www.electronicpay ments.org to see the benefits of offering the service, not only to their employees, but also to the bottom line of the company.

2. Consider online banking so that you have access to your account records if your paper records are destroyed and/or if your bank branch is not accessible. In the aftermath of a disaster, phone lines, cell towers and businesses could be shut down for months while online access to your bank accounts will be virtually uninterrupted by the natural disaster.

3. Ensure that your insurance premiums, car payments, mortgage and other important bills are paid automatically even if you don’t have access to the mail or to your checkbook. Sign up with your billers for Direct Payment. Your bills are paid automatically each month, so you are assured that you will have insurance when you need it and that your car and house payments will remain in good standing.

4. Make a photocopy of everything in your wallet, scan the copies into your computer and save them on a disk. Keep the disk with your preparedness supplies. This takes 15 minutes to do and will save you if your wallet and financial records are destroyed or stolen. In case of power outage, also keep a paper copy of these records in a safe place like a bank vault. It’s vitally important to have this information if you need to cancel credit cards, have proof of identification and insurance coverage.

5. Get an ATM card or Checkcard even if you only plan to use it in an emergency. In a disaster, cash is king with some retailers, at least for the short term. If you need immediate supplies, you will want to have access to cash through an ATM. In the days after a disaster, it can be virtually impossible to cash a check or to find retailers whose credit card systems are working.

Banks, Loans & How To Save Big Bucks

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When shopping around for a loan, whether it be auto, home or consolidation, most individuals turn toward banks for the money that they need. There are a number of factors that can determine how much, or how little, money you can save.

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When shopping around for a loan, whether it be auto, home or consolidation, most individuals turn toward banks for the money that they need. There are a number of factors that can determine how much, or how little, money you can save.

Are you familiar with your credit report and FICO score? If not, you should be. Visit annualcreditreport.com to receive a free copy of your credit report, from each of the three credit reporting agencies, once every 12 months. Typically, these reports are $9.00 each but many consumers do not realize that they are entitled to a free copy every year. There are no catches, no gimmicks and no trial period in any type of paid service in order to gain access through this website. The information contained in your credit file is one of the top factors in determining your loan amount, interest rate and ultimately a decision as to approval or denying the loan request. Everyone should be familiar with their credit report, verify the accuracy of their contents and correct any mistakes that are present. The FICO score is a number that is calculated based on previous payment history, debt to balance ratio and length of credit history. The higher your FICO score, the lower your interest rates.

During the loan application process, banks will retrieve a copy of your credit report. They will also request certain other information, which only you can provide. Among the items that banks request when processing a loan application include current pay stubs, a copy of the previous two years of tax returns and possibly even bank statements and proof of employment. When applying for a large loan, patience is the key. Some banks respond within 24 hours while others may take up to a week. Even if one bank denies your request, don’t give up. Try other banks, who may be enticed to extend a loan in hopes of gaining you as a future customer.

These days, there are loan opportunities for practically everyone. No credit, bad credit, slow credit. You name it and there are banks out there who want your business, but there may be a catch. Depending on your credit history, you may end up spending more than twice as much in interest as someone with a spotless credit record.

Some banks do not specialize in large loans, such as home and auto, but rather extend smaller lines of credit to consumers. These lenders typically issue credit cards to those who are approved. While your credit history does play a large role in determining your interest rates with credit cards, it does not determine other miscellaneous fees. Certain fees, which are charged by banks issuing credit cards, are blanket fees issued to everyone who carries a line of credit. Late fees, overlimit fees and annual fees are among the miscellaneous fees charged by many credit card companies. Avoid banks that charge excessive fees upfront and reduce a large amount of your available credit with said fees. With credit cards, keep in mind that interest rates can skyrocket after only one missed payment. You will save a lot of money by paying on time, every time and by keeping your credit card debt to a minimum.

When Debt Mounts, Take Action To Prevent Foreclosure

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If your bills are piling up and you’re worried about losing your home, you’re not alone. Many foreclosures could be prevented if homeowners sought help sooner from their mortgage company or through a new toll-free confidential hotline.

When Debt Mounts, Take Action To Prevent Foreclosure

If your bills are piling up and you’re worried about losing your home, you’re not alone. As rising foreclosure rates indicate, thousands of Americans are touched by foreclosure every year. But many could be prevented, if homeowners sought help sooner from their mortgage company or through a new toll-free, confidential hotline.

Unfortunately, according to a national poll recently funded by the Homeownership Preservation Foundation, 53 percent of American homeowners would not contact their mortgage company for help if faced with delinquent payments.

Fortunately, many foreclosures could be prevented if homeowners called their mortgage company or the Foundation’s toll-free hotline-(888) 995-HOPE-as soon as they recognize that they may have a problem paying their mortgage. The longer homeowners wait to call for help, the fewer options they have.

If you’re a homeowner whose debt is continuing to grow and you’re finding that you’re having more and more difficulty paying your bills, consider taking the following action:

1. Take a close look at your bills-unopened envelopes or a steadily growing pile of bills from utility companies, your mortgage company, etc., are the most immediate signs you have a problem.

2. Open letters from your mortgage company and other creditors. Don’t ignore these letters.

3. Admit you have a problem and dedicate yourself to getting help. If you avoid your mortgage company and other creditors, you may lose your home, and you will damage your credit.

4. Don’t take it on yourself. Call for help. Call your mortgage company to understand what your options are.

5. If you don’t feel comfortable calling your mortgage company, call the Homeownership Preservation Foundation at (888) 995-HOPE to receive free advice from counselors who work for HUD-certified nonprofit agencies.

6. BEWARE of phony counseling agencies (deal only with HUD-certified agencies), as well as offers in the mail or by phone that seem too good to be true.

7. Develop an action plan that focuses your resources on family essentials (shelter, food, health care, basic utilities, and transportation).

8. DO NOT sign any papers you don’t understand.

9. Determine if you have the cash flow to continue paying a mortgage or to refinance your current mortgage. This will help you determine if you should sell your home and find less expensive housing.

10. Set a long-term goal of getting and staying out of debt and ensuring steady cash flow.

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