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Sunday, February 22, 2009

How to Use This Daily Habbit To Become Automatically Rich.

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Hello all. I want to share with you a daily habit that will make you rich automatically. This daily habit will take a lot of self discipline, but done over a period of time can become a habit that makes you rich. This technique/daily habit is what most rich people do everyday. I learned this 3 years ago, and I have to admit it is hard to stay persistent with this daily habit. But I hope you see why this daily habit, does make you rich automatically.

Instructions

Difficulty: Challenging

Things You’ll Need:

  • Self-discipline
  • Motivation
  • 3 piggy banks
  • Loose Change to Start off
Step1
This daily habit, will make you rich. This is an automatic system that very rich people use ever day, but it takes a lot of time and self-disciplined effort on your part.

This technique is called paying yourself first. This technique can become a daily habit which will ultimately make you very rich in the long-run, if you stay committed to it. First. you need to purchase 3 separate piggy banks. You can buy these at Walmart or the 99 cents store. It doesn't matter where you purchase them. Just have 3 separate piggy banks. Next you want to put labels on each piggy bank. The first piggy bank you need to label as "Investing"
The second piggy bank Label should be called "Saving" and lastly the third piggy bank should be labeled "Charity"



Step2
Second, You need a jar of money next to this piggy bank. The jar can contain dollar bills and or loose change, dimes, nickels, cents, quarters etc. The first thing you need to do each day is set a limit for how much money you want to put in each piggy bank every morning. I suggest start off small. Put in 1 cent in each piggy bank every morning, and consciously look at which bank you are putting your money into. The reason that you want to do this, is because you want to fill up your piggy bank and cash it in and pay them to their respective places. To become rich the 3 labels, Investing, saving, and charity are the first 3 places money should be going. These 3 labels are what the super rich people spend most of their money on. This has become a natural habbit for them.



Step3
Thirdly, Cash in the amount of money when the piggy banks are filled up and put the amount of money into investing on something that will bring you back money, and savings to save for a rainy day, and charity to help out a cause or some event or organization that needs money. The reason that the dollar amount doesn't matter when putting money in each piggy bank because what you want to work on is the daily habit of putting your money in places that grow your wealth over time. It becomes much easier in the long run to pay yourself first when you get into these daily habits of putting the money at the start of
the day into the 3 places that matter most. This is a technique and habit used by the super rich, just they do so in larger sums of money. But eventually this discipline pays off big time in the long run, and assist you in becoming rich automatically.

Monday, February 16, 2009

Why The Wealthy Are Purchasing Gold and Silver.

























Hello all.
The U.S dollar is headed for a complete collapse. With the new stimulus package that Barrack Obama has put in place, there is going to be what is called "hyperinflation" Hyperinflation is bad. It means that there is too much money in the system. When there is too much money in the system, this makes the value of each dollar goes down. If his administration continues to pass on these stimulus packages and pump in trillions of dollars into the system, we as Americans are headed for some heavy financial burden in the future.


Barrack Obama and Economics
On the level of hope and idealism, I think Barrack Obama is a great leader. His persuasive positive influence and his way with words are probably the best I've seen in a long time. He is a great model and inspiration for many Americans to follow. I am glad he is the president, as he is the voice of hope, and change in this country. However in terms of money, economics, and fiscal policy, he is not doing anything different than what George W. Bush has done. He is continuing on the same path of complete destruction for Americans financially. A great president for Americans at this time in history? Yes, but I don't know if he or the people he surrounds himself really understand the microeconomics of the financial debacle that is taking place, and will continue to take place due to his actions of passing a stimulus package.



What The Stimulus Package Really Does.
The stimulus package that is in place, is like putting a small bandage on a wound that needs stitches. It is going to appear like the economy is going to do well in the short-term, but the long-term damage is too severe. The damage is sever because this has been a problem for a long time, that is only now getting media attention. The long term effects of these stimulus packages are devastating to the future generations. We owe trillions of dollars to China, and we are going to put billions of it back into the system? This money that is being put into the system, is printed money by the FEDS that comes out of thin air. They are creating their own money,and getting away with it. This stimulus package is not "real money" and Americans are running on borrowed time and money.

Why the Wealthy Are Purchasing Gold and Silver
The wealthy people that understand monetary policy, have been and continue to invest their money in commodities like gold and silver. Gold and silver are considered to be real money. Gold and silver have stood the test of time throughout the ages. Wealthy individuals understand the the dollar is loosing value fast, and are taking action by trading their U.S Dollars into something more valuable such as gold and silver.
Gold and silver will produce an enormous amount of wealth in the long term.
The wealthy understand this, while the fake rich think that the more U.S dollars they accumulate the more richer they become. If you want to be wealthy in the long term, begin looking at gold and silver as an investment. Read books, and talk to people that understand these commodities. I advice people to study and thoroughly research any investment before making a purchase.

In conclusion, the stimulus package looks good in the short term, but the long term effects will be catastrophic. It creates more money into a system thus bringing the value of each dollar down. It will bring it down so low, that eventually a U.S dollar will be worthless. As the dollar goes down, commodities such as Gold and Silver rise because people stop believing in holding on to worthless U.S dollars, and begin to purchase gold and silver to ultimately grow their wealth.


+Baker

Wednesday, February 4, 2009

Knowing People's Fears



Hello all.
I want to know everyone's fears. Why ? Because fear is what makes or breaks most people. Fear has the ability to transform your life into positive action, or a state of even more fear and lost of identity. When you know people's fears you tap into their past more than anything else. We are a sum result of the conditioning that we were given ever since we were young children. So, when someone fears a certain thing, know that there is a lesson to be learned. When we don't face our fears we are steps behind the learning curve. Being honest is the first step to overcoming any fear. We need to realize that there is a lot of misleading information in the news and the world today about fears of the economy. What we need now are more leaders to step up and be honest with what is really going on, so we can begin to work on the problems that are rising. However we must look within ourselves first to find the solution. Don't depend on media to be the outlet of truth for you. Know your fear and embrace it. This is the first step in getting to where you want to be. If you are afraid of what is going to happen in this current U.S economy, then accept that fear first, and then take the action steps necessary to get to where you want to go. This blog will assist you in doing so. One step at a time.



+Baker