Wealth Builder Blog

You heard about it all the time, but what is Investing? Investing involves the purchasing and selling through financial tools including stocks, bonds, options, certificates, and more. It can be done through financial advisor that could give valuable sources of information and help to enhance your financial future.

3 Simple Investment Methologies

1.  What to buy?
   For a starter to investing, the safer and obvious approach is to invest in index funds given the lower costs, higher stability, and proven good past performance records.
   
2. When to buy?
   Right now.
3. When to sell?
   The later the better. Based on the stock market history for the past 50 years, it can be observed that the longer the investment, the lower the risk.
   

Talking about money with women is a special case. They tend to have the urge to spend. Here are some of ways to build wealth especially for women:

1. Use Automatic Savings
   Automatically save your money when you receive it. Sign up for an automatic savings plan at your bank.
2. Think a million times before you buy
   You think it's a cute shoes. But think again. Maybe you already have another with the same color. Don't do impulse buying. You can save a lot of money.
3. Pay Off the Credit Cards
   Use your saving to pay off your credit cards debt. You'll no longer spend the money on interest.
4. Use Your Debit Cards
   If you always surprised on your credit card bills, just use debit card. You'll only use what you can use.
   

Stay financially smart, girls! Happy wealth building!

In order to build wealth, you must make other form of income that make money while you're sleeping. And that kind of income, called 'Passive income'. In internet era, creating a passive income could means making money online. Investment of time and money is initially required, but only need minimal work afterward.

Here are some examples of making online passive incomes:

1. Affiliate Marketing
   Promote other company’s products and services on your website. When a sale is made, you get a commission. Amazon.com is one of the companies that doing affiliate marketing.
   
2. Making E-book
   You only need to make it once and sell it online to people. You'll get 100% book royalty!
3. Make money from Blog
   You can sell advertising on your blog to earn some money.
4. Referrals
   You can make money if you refer other people to use any company's product or service.

 
      

More and more successful people try to share how they build their wealth by writing wealth building books. Here are some recommended books you should read to get wealthy:

1. Trump: How to Get Rich
   Who didn't know Donald Trump? His favorite reality show 'The Apprentice' has been a huge hit, and this book will also make us learned some lessons from him on how to get rich.
2. Rich Dad Poor Dad
   It's #1 best selling book of all time, wrote by Robert T. Kiyosaki. Basically this book teach us to change our mindset just like the Rich Dad.
3. Frugal Living For Dummies
   Yes! The famous 'For Dummies' series actually come up with how to do frugal lifestyle. You'll know how to live a simpler but happy life :)
4. The Millionaire Next Door
   The millionaire could be your neighbor! Found out how they do that and how they keep low profile.
5. How to Get Out of Debt, Stay Out of Debt & Live Prosperously
   Well, the title show it all!

Happy reading!

Sometimes you might wondering, with all these crazy economic situation, could you really start to have a wealthier life? The answer is: Yes, you can! This is how you can build a wealthier life:

1. Create a wealthier mindset.
   Do not underestimate the power of positive thinking!
   
2. Set goals and deadlines.
   Define who you are, what do you want to do in life, and what you need to do to achieve your goals.
3. Create more income.
   Find ways to make additional income.
4. Analyze problems.
   Make sure you know what mistakes to avoid and the safest strategies to achieve wealth.
5. Create a personalized plan.
   Learn about your personality and make a plan that suit you, so the journey to a wealthier life will be much more enjoyable.

It's not easy to choose to enjoy life now or later regarding wealth building. But who says we have to choose? We always can do both at the same time. Check out some tips to enjoy life now and still saving for later:

1. Find out your life priorities
   What is your goal? Do you want to have some vacation abroad twice a year, and have a decent life? Or do you want to have a clothing store that will give you a lot of fun and income? Decide and make plans!
2. Have fun in less
   After setting up the priorities, you should know things that you should give up in the first place. Changing the branded shoes into cool vintage boots? No problem!
3. Automatically save your income
   Check with your bank for the automate saving. Before you know it, you could buy a car or a new house :p
4. Recheck the plan
   Every year, check your plan. Are you still right on track? Or you might want to change the plan a little bit to create more wealth? Just do it!
   

Let's have fun!

Build wealth means increasing or strengthening by adding gradually to wealth. To increase wealth, you need 3 basic steps of wealth building: 

1. Make it.
   First, you need to make money that enough to cover your basic needs. Get more money by doing things that you love as your second job.
   
2. Save it.
   Build a saving plan every month. For example you could get 10% of your monthly income to saving.
   
3. Invest it.
   Now you have enough saving, you'll want to grow your money more. Invest it immediately.
   

We might have planned traditional ways for our retirement funds. Basically, we live on one funds and social security with other fund in conservative stocks investment. But this way, we can't increase our net worth in retirement, because money that is passively handled keep decreasing.

By having:

1. Proactive financial planning
2. Lowers taxes
3. Increasing net worth

All those will leads to a more secure retirement that we've been dreaming of.

You sometimes think that you're financially sick and immediately wanted the financial manager prescribed tablets to create wealth. But first, check if the health of your wealth being jeopardized by any of the following:

1. Mutual Funds
2. 401(k), IRA, or other retirement plans
3. Life Insurance (are you using it as a death benefit, but not as a life benefit?)
4. Stock portfolio
5. Ongoing tax liabilities
6. Non-performing assets
7. Current wealth-building strategies

Once you know your main concern, the financial manager will give the best prescription for your wealth.

If you're wondering whether there's any rules to successfully build your wealth, here are 5 of them:

1. Change your mindset about money
   You're now working for money so eventually the money will work for you.
   
2. Cut off debt
   Debt is never a good thing regarding your personal financial. It's like a bad disease for your money.
   
3. Do something you love and get paid for it
   The phrase love your job and you'll never get to work a day in your life is true. You can make even much money than you'd expected when you're loving your job.
   
4. Understand the power of small amount
   It doesn't matter if you only have $5. If you collect them everyday for years, it really could become your foundation for financial freedom.
   
5. You are responsible for your life
   Immediately, make plans to build your wealth.

You've heard about the raising of oil price and the economy crisis. Somehow you felt like you can't do anything about it, but you can actually survive by spend less and save more with the following actions:

• Shop in bulk. You can get stuff cheaper when you buy them in bulk. Share it with your friends and family.

• Save on gas. You can walk, riding your bike or taking the bus to save your transportation budget.
  

• Look for free stuff. Check it online, they can offer incredible stuff for free. 

• Bring your own lunch. Avoid spending too much on lunch food when you could get inexpensive lunch with good taste homey lunch.
  

• Go to library. Get music, movies, video games, books, and magazines for free on a library. It's your one stop free entertainment!

• Save it all. After all, you'll get extra money from all the effective spending. Save it and build your wealth!
  

So you wanted to retire, and go to Asia to help as many children as you can. Well, these are four basic questions that you should ask yourself if you're willing to retire now:

• Do you have a steady income?
  Mix 60 percent equities and 40 percent bonds, which will generate more income.
  
• Do you have the right investments?
  Changing your mindset of what the right investment really is.
  
• How can you make your money last?
  As you're getting closer to retirement, you'll need a plan for turning all your savings into security, so you can really enjoy the retirement.
  
  
• Are you doing the right things?
  If you're not sure of what you're doing, you can ask a wealth builder that will helping enhance, preserve and maximize your wealth

We know that potential energy that is motionless will eventually converted into Kinetic Energy that would stay in motion.  In term of our money, we wanted it to stay in kinetic motion to achieve its full potential.

Motionless money means lost opportunity. After taxes, inflation and transaction costs, simple savings and compounding strategies won't work in the end. Our investment strategy must focus on kinetic multiplication and must be coordinated with a comprehensive cost strategy to avoid hidden, long-term erosion. We should call it 'Kinetic Viral Investing'.
 
To conclude, Personal Financial Engineering is just what we need to drive money in motion!