Question about wealth

The Wealth Formula succinctly depicts the components that are necessary for you to create real wealth. The Wealth Formula is shown below:

M+K+P+A=W

It identifies four essential wealth creation stages and the relationship between them. These are:

Wealth Mindset
Wealth Knowledge
Wealth Planning
Wealth Action

It links each of these four component through the plus sign, +, which signifies that each of the four components are necessary for you to create wealth. In other words, missing one or more of the four wealth components will dramatically impact your ability to generate wealth.

For example, you could mentally prepare yourself, learn everything you need to make enormous wealth and create the most detailed plan to achieve your desired level of wealth, but if you don’t action it then all that preparation is worthless.

Similarly, if you mentally prepare yourself, learn everything you need to make enormous wealth and run off actioning your newfound mindset and knowledge but fail to make a plan it is like setting off in your car to go somewhere you’ve never been without taking a map. What’s your wealth destination? How will you know if you’ve achieved what you wanted to achieve? How do you know your using the right investment vehicle? How do you know if you’re on track or not to reach your target? Are you surpassing or underachieving against realistic milestones? All of these questions would be easily answered with proper planning.

So let’s look at each of the four wealth creation categories in turn.

Wealth mindset:

Wealth Mindset is the first of the four wealth creation categories and examines the importance of the correct mindset to creating wealth and financial freedom. Wealth mindset covers the interaction between you and your environment and the process of adjusting your thought process to think like the wealthy.

For example, the poor and middle class generally think that money is scarce and hard to come by. Saying such as “Money doesn’t grow on trees” and “I can’t afford that” spring to mind. The wealthy see a world of opportunity and abundance. They see money as little more than a concept and simply the by-product of providing value to others. They also know that offering value to others is only limited by their imagination and thus money must too only be limited by their imagination. The wealthiest people of the planet simply understand this and have incredible imaginations that create amazing value to others.

For example, Jeff Bezos realised that bookstores were severely limited in the amount of books they could offer their customers due to geographic and physical constraints. In other words bookstores could only service customers that lived near them and could only offer a limited amount of books, which fit in their store. He saw an amazing opportunity to solve these two problems by giving access to anyone anywhere via the Internet and offering a catalogue that is 40 times the size of a large bookstore. Jeff founded the multi-billion dollar company Amazon!

Wealth Knowledge:

Wealth knowledge is the second of the four wealth creation categories and examines the financial knowledge that is essential to create wealth and financial freedom. It is essential for wealth creation that you are knowledgeable about your own personal finances, the economy, the psychology of markets, compound interest and the asset classes and investment products available to you. Further, you need to understand how to interpret financial statements, investment strategies and risk management all from the wealth creation perspective.

Wealth Planning:

Wealth planning is the third of the four wealth creation categories and examines the essential component of planning to create wealth and financial freedom. Wealth planning is absolutely essential, yet on 3% of the population has clearly written goals and plans. A Harvard Business School study found that this 3% earned 10 times the average of the other 97% and they accumulated 98% of the wealth.

Wealth Action:

Wealth Action is the forth and final wealth creation category and examines the element of action in your wealth journey to create wealth and financial freedom. The importance of action to achieving wealth is obvious. Nothing can be achieved without action.

By using the wealth formula you can easily learn where your wealth creation strengths and weaknesses are and where you need to concentrate your efforts at improving.

Video related to wealth

This video basically sums up the distribution of wealth throughout the US population. The distribution of wealth in other countries, like the UK, is very similar. These figures are more than a decade old. It’s even more concentrated now.

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Question about prosperity

Undoubtedly, God can deliver prosperity and abundance more quickly and comprehensively than the human mind,

I am learning to be grateful to the Universe and the Presence murmuring thanks at the beauty of the world around me.

Should I directly ask for more prosperity or focus on what prosperity I already possess, enjoy and utilise?

At times it seems our thinking thinks us, but that’s only because we’ve been programmed to react in certain ways. We are most likely upset by what our parents, our peers, or our community taught us to be upset by, and by the way, still teach us to be upset by! They even taught us how to be upset in the first place! The point to keep in mind when desiring to increase your prosperity is that upset requires energy, your energy.

Reflect back to how you reacted when someone said something you didn’t like. Say, they called you a name. Did that feel good? Yet why would a small puff of air be able to cause such upset? Truth is, it can’t. Only we can cause our own upset in any situation. It isn’t the air that caused us to feel bad; it was our judgment of what that small puff of sound “meant.” What words mean is usually what we have been programmed to believe they mean. Now there may or may not ever be a time when that word we don’t like will no longer have any meaning for us, but there is a way to let go of our judgment of it in a way that frees more and more of our energy up for purposes other than upset. That freed energy contains tremendous potential for us to use it for prosperity purposes of our own cause, not our programmed cause of defensiveness or upset.

What does this have to do with prosperity? Everything. Prosperity is an intention, and intentions take energy to manifest. If we can conserve our energy and then use that newly conserved energy to power up our intentions, what happens is that we become more inspired, and inspired action always works to our good. Our good can be any form of wealth we desire, where wealth is defined as an increase in any area of our lives that is important to us. Because without fail, each and every time we increase the amount of energy we put behind our prosperity mindset, greater and greater wealth happens for us. This is a Universal Law, and it happens every time.

Again, this example isn’t about liking being called names because that may never happen. This is about taking hold of our own personal power and using it to cause an increase in our wealth. Like all increases, more wealth requires more energy. Where else will we find that energy other than from what we are willing to generate at any one time? The Universe has unlimited energy, but out of that we are only willing to allow in a specific amount at any given time. This is why we can gain so much for ourselves from redirecting the energy we are already using for upset, anger, worry, and doubt. Imagine if we could take the energy of feeling upset, bad, or worried and instead reclaim that energy for our use? We can! Think of how much energy we use for these self-defeating purposes. Just think about it. I will ask you to think a lot. If someone says the same exact word to you that so upsets you, yet in another language, would you react to it? No! So it isn’t necessarily the “meaning” of the word because language doesn’t change that; it’s our decision to be upset over something specific that dictates our reaction. If we then decide to do something else, that way our focus will be turned to another area other than upset. If that area is one that is aligned with our intentions for allowing in our good, then the sheer prosperity leverage gained from that shift in energy focus will be enormous.

One important note. The energy required to gain more prosperity, just like the energy that creates worlds, doesn’t really come from us. What comes from us is the intention behind requesting new worlds be created. This is what I mean by leveraging our prosperity energy. If our newly reclaimed energy is used to more clearly request, and then allow in, our good, then the whole Universe aligns with us. The Whole Universe! That would mean that, for any gain in our wealth, there are unlimited resources available to us, if we but allow that truth to truly work for us instead of fighting it by saying, for instance, “No way! I’m too upset right now!” Usually with wealth, we’re upset because we think that our good is either not coming or that it’s not here already. Yet either way, we get to have the energy of our thoughts manifest because it’s exactly as Henry Ford said: “If you think you can or you think you can’t, either way you are right.”

So let’s start increasing our wealth consciousness so that we can have a dramatic increase in prosperity or in any area of our lives that is important to us. What is the first thing you are “thought” of when you hear the word “Prosperity”? Usually for people it’s money. Yet money is most definitely not prosperity! Being thought that money is prosperity is merely our programming again dictating what we believe. But we don’t have to be slaves to our past any more. All it takes to be free, with all of our present moment energy available for whatever goals we desire to have manifest, is to tell the truth. Truth is, money is the end result of a prosperity mindset! True prosperity is being in the ever-increasing flow within any area of your life that is important to you, including money. For some people, say farmers, more cows represent prosperity. Those cows allow the farmer to produce more product and then have the end result of money or food. Those cows also allow the farmer to have the end result of being in the process of being a farmer to begin with. That process might be one that is joyful or satisfying, more results. Or for others, successful friendships represent prosperity and are the end result of a prosperity mindset with regard to other people. Because it was the first handshake, the first smile, and then the continuing increase in these areas, or the flow of friendship consciousness, that is prosperity. One thing holds true for this prosperity flow regardless of the manifestations you desire and that is this: true prosperity is not even the cows, it’s the willingness to allow in the manifestations of prosperity for any one of us. For a writer he may have to allow in the publication of his books or his creative ability; for an artist, her paintings; a friend, more friendships; or for a doctor, his healing abilities.

Why is prosperity the flow and not the end result? Because without the flow of a prosperity mindset which supports you in beginning to manifest what you desire, be it money, relationship, career, cows, paintings, robust health, or friendships, there can be no end result. You can work for and wish for any end result you desire, but it is only a letting go of control along with the allowing in of your good, that will result in the manifestation of what you have asked for. A big stumbling block, for instance, is to ask for your increase and then be impatient that “It’s not coming!” Simply by making the statement, “It’s not coming,” you are taking the stand for and getting to be right about “It’s not coming!” That would be a mindset of lack, the opposite of a prosperity mindset. A prosperity mindset would sound more like “I know my good is already here now, and all I have to do is allow in that truth in order to have it.” For whatever beliefs you have, that good might take one hour, one minute, or one year to manifest, but that doesn’t mean it isn’t here for you, right now, and all the time. That just means that, if you asked The Universe for the right and perfect manifestation, It will determine exactly when the best time for you to have it is. We can ask, we can allow, but only The Universe has the unlimited knowledge that will determine what the form what we have asked for comes in and when. A prosperity mindset knows this and simply trusts this truth.

When I was impatient, waiting for my big breakthrough, I had to relax, breathe, and tell myself that in truth my good was indeed expanding right in that moment. I also had to trust that this was true, despite circumstances, despite feelings of doubt, and despite anything at all regardless. Faith isn’t about having confidence when circumstances are going well; it’s about having confidence that all is well, regardless of circumstances. Only then, after you have taken a stand for your good, will circumstances begin to shift positively in your direction because faith always precedes manifestations. And what precedes faith? Why, a prosperity mindset of course!

Video related to prosperity

John Piper discusses the heresy involved in the health and wealth or prosperity gospel… which is no gospel at all (Gal 1)

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Question about finance

help?

Personal financial planning seems like such a lofty task to so many people. But it is really a simple idea. You are in control of where your money goes.

So few people are. And there really isn’t any reason why. Managing your finances isn’t a difficult task. In fact, it is one you must master in today’s world. It will get you to where you are heading. It will help put your kids through college, it will take you on that second honeymoon, it will buy your home and retire you in comfort. How could you not learn the basics?

There are three general processes in managing your finances.

First, you must be able to control your day to day finances. This is your spending and your earning. You must create a budget, perfect it and learn to utilize it. You have to put the credit cards aside and get out of debt. You have to choose saving over spending sometimes.

The key behind managing your money is that it is no longer managing you. When you are in debt and your money is all spent as soon as you are paid, you aren’t in control. When you decide where that money is going and it goes to where it earns you money, you are the one in control.

The second aspect of financial planning is seen in the choosing and working towards realistic long-term goals. These goals are the motivation behind controlling your finances. You may want to get out of debt, buy a house, go to college and retire comfortably. You might want to see the ocean for the first time — in Mexico. You might want to tour Europe with your daughter when she graduates college. No matter what your goal, it will be the fuel to keep you on the right path. Use it.

The third factor is the building of a financial safety net around your family to prevent financial disasters. You need to have adequate insurance to protect you and your family from illness, death and lawsuits. You need to have a will in place. You must have an emergency savings account that has enough money in it to cover three to six months of expenses.

Your emergency savings not only cushions your budget from the unexpected, it also prevents the usage of credit and protects your savings. You won’t have to dip into retirement when something major goes wrong. You don’t have to use an emergency credit card and then pay high interest to replace something that is broken. You have protected your finances.

Take the time to learn how to manage your finances. It means less stress on you and your family. Yes, it takes a little time and a little work. But it will pay you back many times over.

Video related to finance

Extra content from the documentary "Maxed Out" from radio financial guru Dave Ramsey, a "tough love" guy in the vein of Dr. Phil who teaches in this video how to get out of debt and accumulate wealth– simply and elegantly. Watch this repeatedly to burn the ideas into your brain.

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Question about finance

THE HEART OF FINANCES

As with the physical heart and the spiritual heart, so it is with the financial heart. In the matter of your finances or money, if you want to bring about a change in your finances you must get to the heart of the matter.

1.  

   1. The heart of finances, the thing that provides the power needed for financial increase, prosperity and wealth are the thoughts that dominate your mind about your finances, your attitude.

Your thoughts are the heart of your finances. If your thoughts about your finances aren’t right then your finances will not be right either.

 

You cannot wish, hope and desire financial increase and then have thoughts of poverty, lack, barely making ends meet and living paycheck to paycheck dominating your thought life.

1.  

   1. Either one thought pattern or the other will dominate your mind and produce results in accordance with the dominating thoughts you’re thinking.

 

1. “For as he (a man) thinketh in his heart, so is he.” Proverbs 23:7

You can’t think one way and expect another way to come forth the thoughts you’re sowing in your mind you will reap in your life and there’s no way around it. You will become what you think.

1.  

   1. You need to put this scripture in your spirit until you get the revelation of it in your heart.

You must come into the knowledge that your thoughts are what you will become. There is no exception to this rule you will become the dominating thoughts that you’re thinking

At this moment, thoughts of poverty, lack, limitations, barely making ends meet, financial loss and living paycheck to paycheck may be the dominating thoughts of your life.

These dominating thoughts have a direct correlation and connection with the things that you are currently experiencing in your life.

THE BUM ON THE STREET AND THE RICH MAN ON WALL STREET

The only difference between the bum on the street and the rich man on Wall Street are the difference in the thoughts that’s dominating their thinking

The attitude of one is totally different from the attitude of the other. The bum on the street, have dominating thoughts of poverty, lack, and wondering about their daily drink and food.

The dominating thoughts of his mind have produced the events of his life. Even if once in a while he has thoughts of plenty those thoughts are soon evaporated and suppressed by the negative thoughts of lack and limitations.

Thoughts of plenty have no voice in his mind because of the dominating thoughts of poverty and barely making ends meet.

The bum with this state of mind will never arise from his position until he change the dominating thoughts of his thinking. “For as a man thinketh in his heart, so is he.” Proverbs 23:7 As he continues to think so he continues to be.

The rich man on Wall Street have dominating thoughts of plenty, wealth, riches and abundance. The dominating thoughts of his mind have in return produced the events of his life.

Even if once in a while he has negative thoughts of lack and loss, those thoughts are soon evaporated and suppressed by the thoughts of plenty, abundance, wealth and riches.

Thoughts of lack has no voice in his mind because of the dominating thoughts of plenty and abundance.

The rich men with this state of mind will never (with all things being equal) fall from his state of prosperity unless he changes the dominating thoughts of his thinking.

“For as a man thinketh in his heart, so is he.” Proverbs 23:7

The only difference between the bum on the street and the rich man on Wall Street are the dominating thoughts of their mind, their attitude.

If each of the examples above would simply change to the dominating thoughts or attitude of the other over time the circumstances of each person would likewise change from one to the other.

The bum would then become the rich man on Wall Street and the rich man on wall street would become the boom by simply changing the dominating thoughts of their mind. The heart of it all is in the matter of thoughts.

There is a universal law in the realm of the mind that works the same for all mankind, that law is “like attracts like,” “cause and effect,” “what you sow, you will reap,” and “everything produces after its kind.” Genesis 1:11-12 A apple trees cannot produce oranges nor can a pecan tree produce plums. Every tree only produces after its kind. Luke 6:43-44

DOMINATING THOUGHTS

 

The dominating thoughts of your mind, is the heart to your world of financial abundance or financial lack.

1.  

   1. Like the heart is the pumping machine of the physical body and provides the power needed for physical life.

1.  

   1. The thoughts that dominate you’re thinking about money and finances are the pumping machine of your financial life.

 

These thoughts then provide the power needed for financial increase, prosperity and wealth.

If you’re daily pumping into your mind thoughts of lack, limitation, poverty, barely making ends meet and paycheck to paycheck thinking this is the only thing you can ever receive.

“For as he (man) thinketh in his heart, so is he.” Proverbs 23:7

If you’re daily pumping into your mind thoughts of increase, plenty, abundance, wealth and riches then this is the only thing that you can receive.

If you don’t believe it, go and ask any financially prosperous person how often they think of lack and limitation and they will tell you either not often or not at all.

Ask them how often they think of increase, abundance, and plenty and they will tell you either often or all the time.

However, if you ask the person living in lack and poverty how often they think of abundance, plenty and wealth (if they’re honest with themselves and you) they will tell you either not often or not at all. Unless they’re an exception to the rule and there’s not many exceptions.

Yet, ask them how often they think of lack, limitation and paycheck to paycheck living (if they’re honest) they will tell you either often or all the time.

If you don’t desire to ask anyone then simply ask yourself and in accordance to whether you’re in prosperity or lack, you’re thinking one way or the other often or all the time.

As he continues to think so he continues to be.

• If the dominating thoughts of your mind presently are thoughts of lack, poverty and paycheck to paycheck living don’t be dismayed, for the individual that have thoughts of plenty and abundance had to start those thoughts at sometime and some place.

• Today is your time, where you are right now is your place.

• Now is the time to apply your hidden riches in secret places and take on your new heart of finances.

• Now is the time to begin pumping into your mind dominating thoughts of increase, prosperity, plenty, abundance, wealth and riches.

• Now is the time to take out and cast aside that old stony financial heart (thoughts) of lack, poverty, barely making ends meet and paycheck to paycheck living.

• Now is the time to receive a new financial heart (thoughts) of increase, prosperity, wealth, overflow and unlimited supply.

Video related to finance

Present Value and Future Value explained from teachmefinance.com

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Question about finance

What is the difference between a Finance generalist and a Finance specialist? How does your company define it?
We are working on a new job structure for our Finance department. I would like to know if you have a speciality track and/or a generalist track how do you define it? What are some sample job titles?

Business finance management can signify a giant question mark for people who want to venture in the entrepreneurial world. As a result, many people think not just twice but a thousand times before they invest in a business. Most of the time, even people who have the capability to put up a really good business hesitate to do so, primarily because they do not recognize themselves as businessmen who are knowledgeable in business financing. What many aspiring businessmen do not know, is the fact that there are many simple business financing options available for their utilization. Some of the most popular choices are listed below:

Commercial Mortgages

Putting up a business does not require you to maximize your expenses. Instead, proper business financing requires you to lessen your capital expenditure. This can be done by using commercial mortgages to finance your area of operation such as your office space, and/or other equipment pertinent in operating your business. This option allows you to have extra cash for other expense priorities or reserved funds for possible business ventures in the future. However, before opting for commercial mortgages, make sure that you have thoroughly examined various mortgage quotes available for you.

Asset Finance

This option suggests that you lease assets from a finance company. In this case, the leasing firm owns the properties of your business but you are allowed to “rent” the assets for business use. Aside from saving on capital expenditure, this option allows you to choose between renting new or used equipment, depending on which your business and your budget demands. Also, the availability of asset finance may prove to be beneficial when your company experiences fund inadequacy. Using this option, you can sell your assets to a finance company, and then lease the equipment for business use.

Venture Capital

If you think that you should allow yourself to explore other business ventures, if you feel that you can no longer handle the business alone, and/or if you feel that your business needs additional capital but you can no longer provide what it needs, consider venture capital. Venture Capital allows you to “cash” part of your business. This means that you sell part of your equity and control over your business in exchange for cash. Note that venture capital may open doors for business expansions as it introduces not only capital but additional help in business finance management.

Business Loans

If your company is running out of funds or if you are still on the process of starting a business, you can always run to the nearest bank and inquire about business loans. Aside from the bank however, you can look for other funding agencies. However, be sure that you have prepared a concise yet thorough and effective business proposition before you approach possible loan providers. Note that funding agencies will always ask for collateral. Prior to your application for a business loan, be sure to have explored available business loan options in your area. Carefully examine the interest they demand, the type and amount of collateral they require, the payment terms available, the timeframe for the payment, and the amount you can loan.

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Question about finance

How would I convince a bank to finance my business?
Say I got a bank to finance my business, the product which I sold ended up being a failure on the market and now the banks don't want to finance my business. What could I do to convince them to help me finance for my new product?

Homeowners who are re-financing their home for the first or even the second or third time should thoroughly research all of the available options to ensure the best possible interest rate and terms are secured. Homeowners are sometimes lazy when it comes to re-financing.

There may a large drop in interest rates or a change in the financial situation which warrants a re-finance. Although the homeowner may be aware that a re-finance is warranted, the homeowner may not be aware that it sometimes takes a great deal of work to find the best possible rates and terms.

Homeowners are often inclined to re-finance with the same lender who granted the original mortgage or with the same lender who handled prior re-finances. The theory behind this reasoning is along the same lines as,”If it ain’t broke, don’t fix it.”

These homeowners figure their current mortgage is adequate and they are happy with the current lender so there is no need to investigate further options. However, this cavalier attitude can be quite costly for the homeowners.

Try All the Options
Homeowners who are considering re-financing their home should contact a number of lenders and obtain rate quotes from each of them. When soliciting quotes the homeowners should consider all of their available options but should limit these options to established lender.

While a newer lender may be offering fantastic rates and loan terms it is considered quite risky to go with this type of lender as opposed to a more established lender.

Homeowners who wish to further investigate smaller lenders who do not have an established history should proceed with caution. Unless the lender has trusted friends or family members who are willing to vouch for the lender, the homeowner should investigate these smaller lenders carefully.

Visiting a website address is not the best way to ensure credibility. Designing a professional looking website is a fairly simple process. Most website designers could design and upload such a website in less than a day.
Friendly Competition
When comparison shopping for the most favorable rates, homeowners should make it well known that they are shopping around for rate quotes and are not making a decision immediately.

Lenders who know they have some competition may be more likely to offer a lower interest rate than they would if they did not think the homeowner was considering other options. Although this may not seem quite fair to the lender, the business of re-financing is a competitive business.

Just like a plumber might offer his most competitive rate if he knows the homeowner is seeking estimates from a number of different plumbers, lenders are apt to do the same. They make their money from homeowners and having a homeowner re-finance their mortgage does not help them out at all financially.

Some lenders may think the homeowner is bluffing and may not offer the best rate initially. However, if the homeowner rejects the offer and states they have a better offer with another lender, the first lender may be enticed to offer an even lower interest rate just to see if they can sway the homeowners.

While cost is certainly important, it is not the only factor to consider. Some homeowners might re-finance with a lender who offers slightly higher rates if the homeowner feels as though this lender is more responsive to his needs.

Video related to finance

Alex talks with regular guest Bob Chapman, the former stockbroker and editor of The International Forecaster, a twice weekly compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10000 investors and brokers monthly and is picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week. Since 1967, Mr. Chapman has written articles on business, finance, economics and politics. He owned and wrote the Gary Allen Report, which had 30000 subscribers. theinternationalforecaster.com prisonplanet.tv

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Question about finance

What jobs are available with a finance and international affairs major?
I want to deal with finance, such as investment banking, but I always want to do something that is government related.

help?

Let’s face it: your finances largely affect how you spend your everyday living. It plays an important aspect when you are determining what to wear, what to eat, where to go, where to live, what to drive, what to do during your free time, and even what hospital to go to when you are sick. In some cases, it seems as if your personal finances control you. But, this should not be the case. You should start taking control of your finances instead of letting it define your life.

Taking Charge of Your Finances

Clearly, it is vital that you pay much attention in understanding how personal financing works. If you can just apply the principles of finance management in your everyday monetary decisions, then you can probably be a lot better in controlling and managing your personal finances.

Constructing a Financial Plan

The art and science of personal finance starts with constructing your personal financial plan. By coming up with a blueprint on how you should spend, save, and possibly capitalize on your money; you’ll start making the most of your finances in no time. Below are the general steps in coming up with your own financial plan:

1. Evaluate your Finances. The first step in making the right plan is to assess how well you are doing now. Examine your ways in obtaining money and assets, along with ways on how you save or spend your resources. Prepare a personal balance sheet. The list should include all your personal assets, along with their presumed values. Do not forget to jot down your checking and savings accounts, credit cards and investments in the stock market. You may also include your social security benefits, and other monetary privileges that you are enjoying such as your monthly income. After listing your monetary resources, you should then match it with a list of your expenses- from your monthly food allowance to expected monthly bills and other liabilities such as mortgages. This way you can see how much you are capable of spending and saving.

2. Identify your Goals. Your goals provide direction to your plan. Usual goals for financial plans include raising funds for personal necessities such as saving for a new house, a new car, a long awaited vacation, or an education plan for your kid. Your financial goal may be a single endpoint, or it may be a long list of your personal ambitions. In deciding what your plans are, you should take note of the plans feasibility. Do not make plans that are impossible to achieve.

3. Devise a step-by-step plan. After you have identified your goal, determine the steps you should take in fulfilling your financial goal. This may include cutting down on unnecessary expenses, exploring new sources of income, or saving more money in the bank. Whatever your steps are, make sure that you are capable of implementing and following your plan. Do not forget to examine possible problems that may interfere with your steps. In such cases, prepare alternate plan of actions. Also, you ought to construct a time frame for your plan.

4. Carry out the Plan. This is probably the hardest part- implementation. When executing the plan, you need to constantly remind yourself about your goal. That way, you can stay motivated and inspired to follow the steps. Equip yourself with utmost discipline and large doses of perseverance. If possible, look for support groups that can possibly encourage you to stick to your plans.

5. Monitor and assess your plan. Keep an eye on how your steps work for the fulfillment of your overall goal. Examine if your plan is really working and if it still feasible and beneficial for you as time passes. Be open for alternatives or possible changes to your plan, especially if unforeseen circumstances affect the consequences of your assumed goal.

Video related to finance

Alex talks with regular guest Bob Chapman, the former stockbroker and editor of The International Forecaster, a twice weekly compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10000 investors and brokers monthly and is picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week. Since 1967, Mr. Chapman has written articles on business, finance, economics and politics. He owned and wrote the Gary Allen Report, which had 30000 subscribers. theinternationalforecaster.com prisonplanet.tv

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