Achieve Financial Independence Go And Be Successful

Bread and all material things are meant to be means, not ends. -Fr Chito Dimaranan, SDB

An excerpt from the book, "Go And Be Successful" by Wes Beavis.

Eye opening message from the author.
Most of us miss this out during the first years of our income producing life.
Read on... and know why having more money is not the main purpose of achieving financial independence.





Make it your goal to become financially independent.
Each one of us is responsible for our own financial security.

As Fortune Magazine's Nina Easton says, "In the new economy, we all have to be entrepreneurs with our own lives-with all the rewards and risks."
Everyone has the potential to become financially independent. But you have to make it your personal goal.
You don't have to be a rocket scientist to reach financial independence.
You just need to work a viable plan.

Financial freedom is that point where you have a river of money flowing into your life that is not dependent on your personal exertion. In effect, the river of money continues to flow without you having to work to make it flow. This is called residual or passive income. It comes from investment properties, stock dividends, interest payments, royalties, and business ownership distributions.

Use the first part of your life working to create the river. The sooner you get started the better.
The longer your river has been in existence, the more capacity it has to produce a big economic yield. Work now to build your financial river and that river will keep you financially buoyant for the rest of your days.

Spend the first years of your income producing life working hard to build a river of residual income. So work, work, work and get that river of residual income flowing.

I could tell you that you don't need to work hard, that you just need to work smart. You need to work both hard and smart. Work is actually good for the human spirit. Work keeps people alive.

If procrastination in starting the river is the danger for young people, the danger for those older in years is thinking that it's too late to start building a river.

It's exciting to see residual income start flowing into your life regardless of the amount. Experience the thrill of being paid from investments working for you.

Having more money is not the main purpose of achieving financial independence. It's having the freedom that financial independence brings. Financial freedom allows you to say what older looks like. Achieving financial independence is a big key to a larger, more meaningful life.

So get that river started!

Source: Go and Be Successful, book by Wes Beavis

Bread and all material things are meant to be means, not ends. -Fr Chito Dimaranan, SDB

As what Steven Covey says, "Begin with an end in mind." The end in mind are not the material things that we desire but the person we become in achieving financial independence. Invest wisely and smartly the first years of your income producing life, work smart.

Because everyday is an investment, invest smartly. 

Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member        

Every day is an investment by Seth Godin

Great article from Seth Godin, a writer, a speaker and an agent of change. Wonderful reminder that everyday is an investment. Therefore, you should make the most of your time because you can do better.

A question worth pondering,
Will you work with and for someone who doesn't care about you?
Are you working for somebody's dream? How about working yours?

Read on...
You will regret not taking an additional minute to continue reading.

"You're not lucky to have this job, they're lucky to have you. Every day, you invest a little bit of yourself into your work, and one of the biggest choices available to you is where you'll be making that investment.

That project that you're working on, or that boss you report to... worth it?

Investing in the wrong place for a week or a month won't kill you. But spending ten years contributing to something that you don't care about, or working with someone who doesn't care about you... you can do better."

Source: SethGodin.typepad.com

You maybe thinking differently now. Take a look at it one more time and you will be thinking of your own dreams and caring about yourself... you can do better.

Everyday is an investment. Invest smartly your time. Invest smartly your treasure. Invest smartly your talent. 

Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member

Happy @ 3: The Feast CDO 3rd Year Anniversary

Investment Secrets supports the Feast CDO 3rd Year Anniversary!

Are you sad?.. or Glad?
It's the new talk series EMO101!

Celebrate with us.
Happy @ 3: The Feast CDO 3rd Year Anniversary.
April 13 2013, 6-8:40PM
Ayala Centrio Activity Center.

Anticipated Holy Mass, Joyful Worship, Inspiring Talk.
(Jamming with the Music Ministry by 4PM.)

Bring your family and friends.
It's for everyone.
FREE Admission.

Go where the river of blessings flow.
The Feast CDO.

See you there!

No matter how you feel, get up, dress up and fight for you dreams.
Go to The Feast CDO.

Get Ready to GROW!
The deepest desire within you is simply to reach your true potential—to become the person you were created to be.




Be blesses and be a blessing.

Jesse Cadelina
Truly Rich Club Member
  

Investment Secrets Pinoy Ranks Google Search

Today"Investment Secrets Pinoy" tops at the Google Search.  Am so thankful I made it to the top.  I made extra effort to do this.  Now, the challenge is to stay at the top everyday. Am so glad I found the way, the vehicle to be at the top rank of Google Search.

Am so thankful to my mentor Jomar Hilario for the continued support he has given in his online club.

Together with my investment in the CPA instruments who also teaches Search Engine Optimization (SEO).

I paid the price for my success.  I invest my time and money to get to this internet  Marketing. Earning online is made possible to those who want to learn internet marketing.  

Mentors helps a lot. Now go find a mentor for yourself.

My mentor in the Internet Marketing, making money online: Jomar Hilario
My mentor in the online Stock Market Investment: Bo Sachez (Truly Rich Club)

Best Money Tips, Great Investment Tips Ever. (final set)

continued...


Adapt your skills and strategy

Darwin said it: You need to be adaptable. As it relates to your portfolio, if you regularly put money into your 401(k) or invest in mutual funds, you might have to change your strategy as the economic times change around you.

As it relates to your skill set, make sure you have a broad understanding of where the growth is in the job market, so you can apply your talents there. We are seeing different skill sets required. We are seeing traditional industries change. Some positions are leaving and aren't coming back.
-Maria Bartiromo

Be a good saver -- and credit risk

Live below your means and be frugal. The economy is going to get worse before it gets better. And folks who have savings have the best chance of getting through this.
-John Schnatter

Do the homework before investing

Unless you think you've done more research and have better insight on a stock than a multibillion-dollar hedge fund, why are you trading?
-Mark Cuban

Stick with what you know
Be patient. You don't have to be the first person to come into a promising investment.
-Thomas Atteberry

Expand your skill set

Many people who have been laid off start looking for a new job right away, but sometimes it's better to go back to school for additional training and education. When the economy does turn around, the opportunities are going to be there for people with new skills and additional bandwidth.
-Gwendolyn Sykes

Focus on your needs, not wants

We all have to learn from our mistakes of overleveraging ourselves and acting like 5-year-olds -- "I want four cookies." You don't need four cookies; you only need one. It's not about what you want, it's about what you need.

We all must reassess our consumer behavior. It's not good enough to live within our means -- we have to live beneath them.
-Liz Claman

Have faith that you'll persevere

You are more resilient than you imagine. And if you ever doubt that, remember the many people whose troubles were much greater than yours yet who survived
-Meir Statman

Image source: flickrr

Article source: cnn.com

Best Money Tips, Great Investment Tips Ever. (2nd set)

continued...

Be on the lookout for opportunities

Focus on opportunities that are going to come to the table -- because prices are low, whether it's in the market, distressed debt, a foreclosed home, or a business.
-Robert L. Johnson

Bet on stocks to beat bonds

One thing I see with our clients and individual investors is an aversion to risk, and a favoring of fixed-income funds and Treasuries. In the past 20 years, we've been in an environment that's been good to bonds relative to stocks. But it's rare for that to happen over an extended period -- and the last two times it happened, the subsequent five-year period favored stocks.
-Liz Ann Sonders

When you invest, focus on price

Always remember that price is the most important aspect of an investment. Today we keep hearing people talk about "toxic paper" on bank balance sheets. Well, it's toxic to the banks because they paid 100¢ on the dollar for it. To somebody who gets to buy it at 30¢ or 40¢ on the dollar, it's not toxic at all. So there is no such thing as a toxic asset. There's no such thing as a damaged property. There is only a bad price.
-Barry Ritholtz

Get involved and network

Become deeply engaged in civic, professional, and educational organizations that matter to you. And constantly build new relationships with people through these affiliations.
-John Challenger

Create your own safety net

Every retiree and pre-retiree should have a retirement income plan in place that incorporates a realistic estimate of anticipated expenses. And if possible, your essential expenses, including health insurance, should be covered by reliable sources of lifetime income such as Social Security, pensions, and perhaps certain types of guaranteed income or sustainable withdrawals from savings.
-Abigail Johnson

Take a long view on the economy

Most of Wall Street is focused on next month's numbers, but by taking a long-term view on economic statistics and investment fundamentals, you stand a better chance of not getting whipsawed by the volatile economy.
-Bill Gross

Listen to what this wise man has to say
Fear is your friend.

The past two years were an "ideal period" for value-minded investors. For example, Buffett managed to scoop up bargains ranging from municipal bonds to securities of Goldman Sachs, GE, and others. "When it's raining gold," he writes, "reach for a bucket, not a thimble."

Focus on the (really) long term.

Buffett notes the investments that he and partner Charlie Munger prefer are "businesses whose profit picture for decades to come seems reasonably predictable." Not the next two months or quarters or years, mind you. Decades.

Stick with what you know.

Against the advice of the firm's managers, Buffett pushed Geico -- the home and auto insurer that Berkshire owns -- into the crowded credit card business several years ago. Geico bailed out in 2009, losing about $50 million in all. The moral: If you don't understand that commodity ETF your pal is bragging about, pass on it.

Maintain a cushion.

While firms were fighting for their lives in the credit crisis, Berkshire kept doing deals. Why? Because Buffett keeps about $20 billion in cash on hand. This reserve is earning "a pittance," he says. "But we sleep well." A reserve will help you sleep better too, especially as you near retirement.

The buck stops with you.

Buffett oversees virtually all derivatives contracts on the company's books. "If Berkshire ever gets in trouble, it will be my fault." You need to adopt the same attitude. Whether you go it alone or work with an adviser, understand the level of risk you're assuming. If something goes wrong, you'll suffer the consequences.

-Warren Buffett

To be continued...

Image source: flickrr
Article source: cnn.com

Best Money Tips, Great Investment Tips Ever. (1st set)

Challenge the big guys

Bad times are the best times to move your business forward, especially if you are a small business. The big guys are back on their haunches, waiting things out. If you are willing to stick your neck out, this is when your energy and creativity can outmaneuver the big companies. This is your opportunity.

-Barbara Corcoran

Look beyond your home

People are mistaken about the long-run gains they might make in real estate. I put together a home-price series going back to 1980. And it's wrong to think real estate investments as a group will have to go up much in price.
-Robert Shiller

Teach independence

Raise your children to make a job, not just take a job. If they don't know how to create a plan, they'll always be beholden to someone else.

-Joline Godfrey

Retire your debt before you retire

Many people are now going into retirement with debt. So how about this for an old-fashioned idea? Pay off your mortgage before you retire if you want financial safety and security. There is bankruptcy among people in their seventies and eighties who had a lot of debt that they couldn't carry when the paychecks stopped.

-Jane Bryant Quinn

Save (but don't invest) like me

The first section of my new book with Charlie Ellis, "The Elements of Investing," is titled "It All Starts With Saving." If you don't put money aside now, you won't have money later on.

-Burton Malkiel

Stick with like-minded people

Good money management is a lifestyle. If you surround yourself with people who share the same values, you're more likely to stay on track.

-Lynn Truong

Invest age-appropriately

There is much that is worrisome in our economy. That's why your bond position should be commensurate with your age. In my case that means I have more than 80% in bonds. Someone in their fifties should consider 50%.

The value of the bond position is not just that it provides you some protection in a down market -- it does, of course. But its value is that it keeps you from making behavioral errors such as selling stocks during a panic.

-Jack Bogle

To be continued...

Image source: flickrr
Article source: cnn.com