Tag Archives: investing

Quick Tip: Diversify

8 Feb

Never put all your eggs in one basket.
Diversify.

There is nothing wrong with having a job- but if your job, your retirement and your investment strategy(s) are all tied up in one you are looking for trouble.
If that one source collapses your are doomed.

Look for ways to diversify.
See where you can make a second stream of income.
Then invest that money elsewhere.
As sweet and lucrative as many ideas sound- if they are tied into your day job you may lose it all.

Who will watch over your money better than you will?
No one.

So walk away from that television.
Turn off youtube.
Facebook, that’s for your grandparents.

Look for money and opportunities because while they are plentiful-
They don’t come looking for you.

INFOGRAPHIC: The Dow Today Versus The Dow In 2007

12 Mar

dow jones infographic

 

#thriveorsurvive.

“Don’t wait. The time will never be just right” –Napoleon Hill

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance

http://changeinadvance.com

Or simply reply to this article.

 

Small Money, Small Success

23 Oct

Small Money, Small Success.

Small money, small success. Sad but true, this mentality is probably handicapping more entrepreneurs and start ups than I can imagine. The scope of your dreams defines the rise of your success.

Before I get into theory and concept let me preface my mindset with a story. You see I moved recently and ran into a former coworker. We were discussing my move and some of the new logistics that came with it. Previously I’d had an indoor garage parking spot and as such parking was never an issue. At my new residence however I have to park anywhere I can. Indeed it is almost a Darwinian situation in some aspects (kidding). Now I have to find a parking spot and dodge meters, street cleaning, and school zoning. I don’t particularly mind because the trade off in parking was worth the proximity to my job and the great neighborhood and superior building service. At this point in the conversation my former coworker stated that having to pay a few bucks a week for parking when I can’t get a good spot gets to be expensive. I had to pause here and I’ll tell you why. On the average week I’m paying about 4 bucks to park over a 7 day week. That’s not bad in my opinion. It adds up to 16 dollars a month which is not a lot either. Now being fiscally rabid isn’t smart but for me it’s an economic win win. This works out to be cheap because I cut my gas bill and car mileage dramatically. I now spend about 50 a month on gas. I used to spend 35 dollars a week or better. So when you do the math my gas and parking bill at its highest month is still about half what I used to spend. Keep in mind that that’s the average numbers. There are weeks I don’t pay for parking at all so the savings are even greater when we look at expenditures for certain months. Also as I mentioned my mileage is down dramatically. I went from 20 miles a day to about 3. If you use the IRS’ numbers for the value/cost of usage per mile this is a big savings. I’m doing 110 miles less a week on average. So now my resale value will rise dramatically. My wear and tear and thus maintenance also will drop precipitously.

I say all this to point out the difference in mindset. I saw gain, ease of access, and peace of mind when I moved. My compatriot saw the 4 bucks. This is ludicrous. I lowered my living expenses overall while increasing my standard of living. And therein lays the key.

What do you see when you spend? Do you not spend money on your education or to grow your business out of fear of losing capital? Or do you spend to build your regime? Life is short and the less you invest in you the less you gain. If you sweat the small dollars you won’t make the big riches. Being fiscally prudent is always important- but you can’t make money if you don’t spend money. I think the quotes below will indirectly end this article better than I ever could.

“We are all in the gutter, but some of us are looking at the stars.”
-Oscar Wilde

“The mind is the limit. As long as the mind can envision the fact that you can do something, you can do it, as long as you really believe 100 percent” – Arnold Schwarzenegger

“All that we are is the result of what we have thought. The mind is everything. What we think, we become” – Buddha

#thriveorsurvive.

#findyourfuel.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.

http://video.cnbc.com/gallery/?video=3000087696

7 May

http://video.cnbc.com/gallery/?video=3000087696.

The Difference Between Investing & Trading

%d bloggers like this: