“Charging Bull: Otherwise known as the ‘Wall Street Bull’ is one of New York’s iconic images. Supposedly the bull is leaning back on its haunches and with its head lowered as if ready to charge…or is it ready to keel over!? Either way, it’s fair to say the theme is the sheer brute force, and unpredictability of the stock market.” ~ Keelan
Markets have been showing wild swings over the last month or so. The Dow Jones plunged 600 points one day then surged 400 points the next! Gold rises above $1,900/ounce and then slides back to $1, 840. Nail biting stuff! But, what should you do about it?
Markets volatility is a constant bedfellow of wealth building. Should you invest during a volatile market? If so, how can you grow and/or protect your money? Read on to discover this amazing 3-Step Formula!
Note: This information was accurate at the time of writing!! Markets will have moved on since so check the values yourself. That said, the overall tactics outlined below are typically valid during any volatile market.
The following are 3 solid ideas to consider implementing to protect and grow your wealth. Remember, there are no guarantees in life or investing so…Read More
“Greed is Good!? Ahm, don't think so! Fictional Character, Gordon Gekko, from the 1987 Movie Wall Street, Stepped Too Far Outside His Comfort Zone and into the dark world of Risk Arbitrage and ended up Broke and in Prison!!! Not such a Sophisticated Investor after all ” ~ Keelan
Federal Securities Law in the United States defines a ‘Sophisticated Investor’ as someone who has either a net worth of $2.5 million or has earned more than $250,000 annually for the past two years to qualify. An ‘Accredited Investor’ is defined as someone who has a net worth of $1 million dollars and an annual income of $200k for the last two years. However, don’t let those numbers scare you, read on to discover an alternative definition of a truly “sophisticated” investor and how you can become one.
Almost every financial advisor or institution considers this ‘Sophisticated Investor’ the big fish they are baiting their hook to catch. Many so-called sophisticated investors are charmed by the bright lights and shiny objects dangled in front of them by investment brokers and institutions. Oftentimes, the Sophisticated Investor is merely dropping sizeable chunks of cash into Hedge Funds and getting ripped-off in the fees (usually 2% of assets under management and 20% of returns) for the so-called privilege.
Here, we’re going to park the standard definition of the sophisticated investor as purveyed by high-rollers on Wall Street. By my definition you have become a sophisticated investor when the majority of your required income is being generated in the Investor Quadrant described earlier in this book.
Learning the ropes of building and owning a business will kind of… Read more
"A Garage Somewhere in Silicon Valley, c.1975: I love this early pic of Steve Jobs (RIP) and Steve Wozniak. Apple officially started on April Fools Day, 1976, with the release of the Apple I. From Garage Start-Up to Global Behemoth….Amazing what corporate alchemy a couple of guys with ability and vision can end up achieving. Hats off!" ~ Keelan
There are many personal reasons why starting or owing a business may not be right for you. However, from a wealth creation perspective there really is no argument. Owning a business is just about the best thing you can do for your wealth creation journey. The following are just 10 wealth creation reasons why owning your own business is a good idea.
Reason # 1: Build an Asset that Provides You with Extra Cashflow
Reason # 2: Develop Business Skills and Acumen
…Read more
“Money Mechanics & Language: I don’t know where I came across this photo or what is actually written on the blackboard truth be told! However, the message is clear….learning from masters is an age-long ritual. Learning More = Earning More!” ~ Keelan
There’s little point in being rich for a day if you end up spending the rest of your life broke!
Whilst there are many terms and strategies you will need to familiarize yourself with on your journey to becoming wealthy, in my view, understanding the different ways in which income is generated is one of the critical learnings to be applied in order to build sustainable wealth.Making money and becoming wealthy can be a bit like learning a foreign language. There are lots of terms like: Assets, Liabilities, Liquidity, Net Worth, Gearing, Leverage, Cashflow etc. and you must know what they mean in order to become a good investor. The mechanics (tools, strategies, investment vehicles, etc.) also need to be learnt so you can put them into practice knowledgeably, minimizing financial risk and maximizing investment gains.
Let’s be honest, there’s little point in being rich for a day if…Read More
“Time for Change: Fictional character, Luke Skywalker, walks towards the Binary Sunset, gazing towards the sky, in this seminal scene from Star Wars: Episode IV – A New Hope. He feels the call of destiny and the urge to leave his humdrum existence on Tatooine behind” ~ Keelan.
In my previous post I explained the difference between change and growth: Change is inevitable in life but growth is optional. Change is typically a one-off event, reactionary and physical (leaving a job, moving to a new city etc) whilst growth is more an incremental process. In this post I want to explain how to find out if change is what you need! Read on…
Here’s how to recognize when a change is overdue:
If you’re feeling uneasy, stressed or even experiencing emotional pain than there’s a good chance it’s high time for a change! Now the change that’s needed could be you! Looking for external factors to change (your home, your spouse, your car, your job etc.) may not be the answer. Perhaps … Read on to find out more
“Be the Change You Want to See In The World: Gandhi’s proactive vision of change resonates with people throughout the world. Why? Because we recognise that we initiate change rather than merely wait for it to happen! Change is the very nature of existence. What the caterpillar calls the end of the world, don’t we call a butterfly!? ~ Keelan
It’s important to differentiate between change and growth. Change is inevitable in life but growth is optional. Change is typically a one-off event, reactionary and physical (leaving a job, moving to a new city etc) whilst growth is more an incremental process. As distinct from change, growth happens on the inside and manifests itself on the outside whereas you can externally change without possibly experiencing any real internal growth. Growth happens as you … Read more
“U2, Joshua Tree, 1987: Despite their phenomenal success, U2 felt they had to go away and dream it all up again in the late 80s. Reinvention is also something mere mortals like you and I must consider if we’re to avoid becoming life’s road kill…IMHO!” ~ Keelan
Don’t worry, all’s not lost. You can have “you” back! Here’s how: Reinvent yourself! You know, reinvention isn’t just for rock stars and caterpillars! By the way, when I say reinvention, I’m not talking about the mere creation of some phony identity. Reinvention can mean…Read More…
Randy Pausch, the famous Carnegie Mellon professor, diagnosed with pancreatic cancer gives his last Lecture on the subject of REALLY achieving your childhood dreams! An absolute must watch!
“Existential Roadblock or Mid-Life Crisis? In my view, the superficial appearance of a mid-life crisis is actually an indication of some much deeper internal questioning about the purpose of life and the desire to re-discover forgotten teenage dreams!” ~ Keelan
Dead at 30, Washed Up at 50, Buried at 70!
First you were born, then you went to school, then college, maybe university (maybe not), got your first “proper” job, career path now in full swing in late 20s/early 30s….and then somewhere possibly in your mid-to-late 30s you hit an existential roadblock. You’re thinking “Damn! How did I end up here!!? What happened… Read more…
Change and growth are necessary bedfellows in life. However, it’s important to understand the distinction between the two. Read on to discover how to avoid being dead at 30 and buried at 70!
“When you are inspired by some great purpose, some extraordinary project, all your thoughts break your bonds: your mind transcends limitations, your consciousness expands…and you find yourself in a new, great and wonderful world”
~ Patanjali, founder of Yoga Sutras, 2nd Century BC
Imagine Describing Life on Earth to an Alien…
Imagine describing life on earth to an alien…. every human being is born with unlimited potential and greatness inside. Not only that but each child is born with unique gifts and talents, with tremendous innate faculties and abilities to both enrich their own lives and the lives of others. However…Read More…
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Our surprising insights, powerful tips and candid resources will help you become rich and build wealth so you can lead a truly wealthy life in all aspects and with any luck similarly transform the lives of others. The good news is Sign-Up is FREE. You will gain access to an ongoing wealth of information and insights on how to get rich and create wealth that truly very few people know about. Act Now! Build wealth, become rich and transform lives...including your own! Oh, and have some fun doing it. :)
” ~ Keelan
