How to Start Your Own Forex Signal Website Business

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Forex trading is getting more and more popular among retail traders. Every day we see advertising on television and online. The truth is that Forex trading is not an easy task to do is very obvious for those who have been trading currencies for at least few months. Everyone will agree that it is hard to fight against the huge Foreign Exchange market. And it is even more harder to earn money in Forex trading in the long run. That is why 95% of the Forex traders are struggling to find that “holy grail” trading system, Forex robot or Forex signal service that earns money in the long run. If you happen to have profitable trading experience you can sell it to people. Having your own customers will give you much more revenue that you could imagine. A small Forex signal website business with only 10 customers paying a small $100 USD monthly fee would generate you $1000 USD profit each month. Get yourself 100 customers and you have $10,000 USD income every month. Yes, it is that simple. You can set monthly, weekly or even daily recurring payments.

Although it is not hard to start your own Forex signal business, you will still need to do some work and have some money. First what you will need is special software that can send Forex trades to your customers. Luckily there are several ready-to-use software available online and you can purchase unlimited license anytime. Now be wise and careful when you choose software for your Forex trade delivery. Such software should come with the control panel website where you and your customers can login to manage their profile info and trading settings. Usually customer side software is locked to a single account so your signals will be protected. Customer will be able to use software and receive trading signals only to a single account. Software usually is locked automatically on the first launch, but a customer can easily lock it to another account if needed. But in any case he/she can use the software only on a single account.

Trades are delivered to customer accounts in 1 second, and that ensures that the entry price will be the same. There will still be rare cases when the entry or exit price is different, of course, but that is out of our control. This happens because of different spreads, slippages, price quotes and delays among the Forex brokers. Although best solution is to use the same broker for master and slave accounts, the software allows you to use any broker and is not limited to account type. Software should work on any account including ECN, STP, Dealing Desk, 4 and 5 digit brokers. Software should automatically adapt itself to the master or slave account it is working on.

The best thing about this is that you can connect your Forex signal website with the payment processor or your choice using special plugins. Most popular payment processors supported such as PayPal, ClickBank, Plimus and Click2Sell. These plugins will allow you to have your payments automatically handled each and every month. This way you will not need any human intervention to run your business. Once new customer signups on your website, he/she will receive a welcome message with the login info and download link. This allows to start using software and receiving new trades in minutes.

Your master account should start sending trading signals automatically when customers pay a subscription fee. Usually they are automatically billed each month until the subscription is cancelled, and when they run the client software on their account, they will start receiving Forex signals automatically. So from there no human intervention is needed, and when you make money, your customers make money too.

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Source by Rimantas Petrauskas

5 Top Tips To Pick The Best Forex Trading Signals

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Forex trading signal providers send alerts to traders with specific entry and exit specifications for potential trade opportunities. They send alerts when the market conditions are right for a trader to be entered into.

For technical analyst signal providers, trading styles may vary from short-term 5 minute charts to longer term 4 hour or daily charts. Other signal providers may be strictly news based fundamental analysts or a combination of both fundamental and technical.

Trading signals can be very useful for traders when it comes to identifying potential profiting opportunities in the markets which they otherwise may have missed.

Here are 5 top tips to pick the best Forex trading signals.

Tip one: Select one that gives you signals in time

Many currency trading signals can be very effective and can help you to make consistent profits from the markets. Nevertheless, you have to make certain that they can deliver their trading signals punctually since timing is crucial for currency trading. Always remember that their timing will be highly impacted by the way they deliver the signal to you – for example, emails may take longer to reach you than pop alerts.

Tip two: Providers who offer several ways to get your signals

Another important thing to consider is the method by which your Forex trading signals provider will deliver the trading signals to you. If you cannot commit to spending all day at your computer, you may prefer to get your alerts via your mobile phone rather than via email. Similarly, if you are on your computer for most of the day, you may be better off receiving you alerts as a pop up notification or email. Be sure that the provider that you pick fits your trading needs and lifestyle.

Tip three: Check the performance of the provider

Make sure they post their current and past performance online with complete trade details from entry price to exit. Also, use them for a minimum of one to two months with a free demo trading account to test the validity and success rate of the signals your receive. If everything looks good and their trade reporting matches yours and you are profitable, then at that time make the switch to a live account.

Tip four: Find out about who the signal providers are

This one is a must. You’ll need to be able to learn about the traders and the company behind the Forex trading signals you decide to use. Why? Because as far as you know the person behind a site could be a 16-year-old geek living in his mom’s basement (nothing wrong with living in your mom’s basement, but this may not be the kind of person you want to trust with you money and trading career.)

Tip five: Sign up for just a month first

Choosing the best currency trading signal software requires a good amount of research, comprehension of your trading needs, and quite often it just requires you to look around and sign up for a 1 month subscription to a Forex trading signals provider.

This way, you can test the signals you receive, work out what type of delivery method works best for you and see if you wish to continue using the alerts for future trades.

While Forex trading signals can help you find good entry and exit points for your trades, they are never 100% accurate. This is why it is important that you try a few providers out first to see which ones work out best for you and your trading style – using the tips above should help you to do this.

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Source by Alberto Pau

The Obstacles to Wealth Creation

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Financial freedom is probably near the top of every person’s wish list. No one wants to spend his entire life working a job he doesn’t like simply because he needed the money. However, despite the unanimous opinion that this type of freedom is something to be sought after, majority of the people living today are not working towards it – either because they don’t know how, or because they don’t think it is feasible in their own lives.

But financial independence is always a possibility to those who understand the process of wealth creation. The formula is simple: earn more than you spend, and save the rest for future investments that may lead to passive income. This simple formula is easier said than done though. There are plenty of obstacles that may hinder you from reaching your goals. If you want to be wealthy you have to know what these obstacles are and you have to find ways to avoid them. Here are a few obstacles that you’d best avoid:

1. Debt

The most destructive force to your financial health is bad debt. Many people have lost their homes and other property to bad financial decisions that involve taking on large debt. The process of wealth creation can’t begin as long as you have debts. It’s just not possible. The first thing you have to do, before you even dream of financial freedom, is to get out of debt as soon as possible. The longer you stay in debt, the farther you will be from your dream. Debt is a cancer to your financial well-being, and similar to a medical illness, prevention is the best cure – just don’t get into debt. Clamp down on your expenses; take a second job; cut up your credit cards; do what you have to do in order to avoid debt.

2. Luxury

Advertisements everywhere will try to convince you that you deserve to stay at the most expensive hotels, drink the best champagne and wear the most expensive jewelry. Don’t be silly. The only people who “deserve” such extravagance are those who can afford to throw money away because of the ridiculous wealth they’ve built. Wealth creation begins with discipline. You have to be able to delay gratification. Every day you will have to choose long-term and permanent financial freedom over transient pleasures. Only then will you have a shot at financial independence.

3. Saving Money for Its Own Sake

Have you ever met a person who became wealthy just by saving all his money in a bank? Great entrepreneurs save money in order to be able to afford ventures that make money. The process of wealth creation is supposed to create wealth, not keep wealth in a bank. You can achieve financial freedom by turning your money into assets that can serve a future purpose. The value of money itself decreases over time. You have to turn that money into an investment that increases in value, like real estate in a developing area or stocks of a rising company.

4. Vice

Vices are not only expensive; they’re also bad for your health. Let’s say you smoke a pack of cigarettes a day and each pack costs $5. In a year, you’d have spent $1825. In 20 years, you’d have spent $36,500, not including the medicine you would have spent on the ill effects of such a vice. That is money that every single person who doesn’t smoke saves just by not being involved in one vice. Just imagine how much you would save if you were able to eliminate all your vices. Financial freedom is achieved easier by people free from such expenses.

5. “Get Rich Quick” Schemes

Wealth creation is a long process. It’s not just a matter of “earning” a lot of money. It’s also about developing the right values over that period. It’s about learning through experience. It’s about overcoming obstacles. People who like short-cuts may hit the jackpot and earn big, but chances are, they’ll lose the wealth they gained just as quickly. Even worse, their eagerness to “get rich quick” might make them vulnerable to swindlers. If you encounter a deal that sounds too good to be true, chances are, it is. Stay away from “get rich quick” schemes.

Wealth creation is a process that takes time. Don’t rush through it. Learn to love the process. Cherish every experience. The path to financial freedom is one of the most exciting journeys you’ll be making in your lifetime. Try to recall your high school or your college experience. It may seem like a long time while you’re there, but as soon as it’s over, you can only hope to do it again. One day you’ll be looking back on this process with joy and appreciate every setback that taught you a lesson, every deal that built a business relationship, and every dollar earned honestly. Enjoy the process and you’ll build great wealth in no time at all.

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Source by Clarice B Garcia

Quickest Ways to Make Money – Make Money Without Physical Labor

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The quickest ways to make money may not at all be what you think. You’re probably thinking about doing something such as mowing grass for the neighbors, raking leaves, and shoveling snow. Although these are great ways to make money in very little time, there are plenty of other ways as well.

First of all, what can you do? What are you good at? Think in terms of what you can do on a computer because, really, you want to be able to use your existing skills to do something from home. That’s everyone’s dream, right? Of course it is!

So check out Craigslist and some of the freelance job boards. Now, freelance job boards don’t consist of just freelance writing jobs. You will also find data entry and various clerical jobs. You may even find positions as a virtual assistant.

Basically, you can have the work done in a matter of days and have your money in your hand not long after that. It is rather quick. The quicker you do the work, the faster you’ll have the money. It is as simple as that. So don’t do the physical labor if you don’t have to. That’s unless you like it. If you like it, go for it.

Heck, you can mow the neighbor’s grass for $20 and then come home and do some freelance work for someone. You don’t have to do just one thing at a time. You can do several things to make the money that you need and you can make it quick. You can also have fun doing it.

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Source by Perry Webbing

Tea Party Speech

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Fellow Patriots!

Good afternoon, and welcome to our tea party! Let me begin with a quote from Thomas Jefferson: “When governments fear people, there is liberty. When the people fear the government, there is tyranny.”

At our tea party today, we are letting our government know that we do not fear it, and that we taxpayers will do whatever it takes to preserve our liberty.

I was asked to talk today about the massive expansion in government spending and taxation. I will explain why you should care about it, and how much of a threat it is to our way of life.

Let’s review recent spending programs implemented by the federal government:

· $700 billion for TARP I

· $750 billion for TARP II

· $819 billion for the Stimulus Bill

· $410 billion for the Omnibus Spending Bill (with 9000 earmarks for special interests)

· $3.6 trillion for the annual budget

And that’s just domestic spending! At the recent G20 summit, Obama committed America to huge overseas spending, including:

– $1 trillion for the International Monetary Fund and the World Bank

– $845 billion for the United Nations’ Millennium Development Goals, known here in the U.S. as the Global Poverty Act

– Perhaps trillions more for a foreign aid program called Special Drawing Rights

– Perhaps trillions more for the initiatives of the UN Climate Change Conference

The good news is that the G20 overseas spending proposals have not yet been approved by Congress. The bad news is that Congress is controlled by Nancy Pelosi and Harry Reid.

The worse news is that none of this money actually exists! Here are a few frightening facts to put these spending proposals in perspective:

· The national debt at the end of Obama’s first term will be greater than our entire Gross Domestic Product.

· If you spent $2 million dollars every single day during every single year from the birth of Christ until today, you will still not have spent as much as Obama’s budget deficit planned for the coming year.

· If you added up all of the debt accumulated by all of the presidents from George Washington through George W. Bush in the course of 234 years, Obama’s proposed debt exceeds that amount in just his first four-year term.

· And here’s the one that ought to frighten every taxpayer to death: If the government had to account for its finances like a private business, its true deficit is actually $65 trillion, which exceeds the GDP of the entire world. This is because future obligations, like Social Security and Medicare benefits liabilities, are completely unfunded. There is not a single penny saved for these programs, but we are already committed to the spending.

So, what are we getting for these trillions and trillions of dollars? Here’s a sampling:

· We will get nothing for the trillions Obama has committed to spend on U.N. and IMF initiatives, other than perhaps other countries may accept Obama’s apology for American arrogance.

· We will make a $634 billion down payment on nationalized health care, for which we will get rationing of services and very healthy illegal immigrants.

· We will get 32 new government departments at a cost of $136 billion. This is really:

– 32 new buildings in Washington

– 32 new staffs of paper pushers

– 32 new reams of rules and regulations

– 32 more bureaucratic attacks on our liberty

– 32 more agencies that will never die, if Reagan was right about government bureaucracies being the closest thing to eternal life that we have

· States will get $60 billion to increase their welfare expenditures, for which you will get a bill from your state or local government when the stimulus money runs out.

· 60.7 million people who do not pay federal income taxes will get a tax credit from the government. Speaking in plain English, this means that they will get welfare. Illegal aliens will be eligible for this credit.

· AIG got $180 billion in bail-out funds, of which $11.9 billion was forwarded to Societe Generale, a bank in France; $11.8 billion to Deutsche Bank in Germany; and $8.5 billion to Barclay’s, a bank in England. I wonder if any American taxpayers will get a “thank you” card for this. Maybe Obama will bow to the leaders of these countries on his next visit.

· ACORN will get $750 million, which might get us even more voter fraud than what ACORN is currently being charged with in 14 states.

· We will get more of Big Brother in the form of 40 million smart utility meters to control energy usage in our homes.

· We will get 600,000 more federal, state, and local government employees.

· One thing you might not get is your 401(k) tax deductions. House Democrats are looking at eliminating this as a cost-savings measure.

Let’s be honest. These spending programs are not about stimulating the economy. In fact, the non-partisan Congressional Budget Office reported that Obama’s stimulus plan would hurt the economy more in the long run than if he did nothing. No, these programs are about “taking advantage of a crisis”, as Hillary, Barack, and Rahm have told us. They are about spending an avalanche of money on the pent-up leftist agenda. Instead of wasting a crisis, they are going to waste your money on:

· Increasing the size and scope of the government

· Transferring wealth from the Have’s to the Have-Not’s

· Punishing the coal, oil, and automotive industries while jousting with the “Global Warming” windmill

· Rewarding labor unions, teacher unions, and government worker unions for supporting the Democrats

· Taking control of the banking and financial system of the U.S.

· And nationalizing health insurance

But what’s even more frightening than our money being spent on this openly socialist agenda is the question of where this money is going to come from.

The federal government is funded in three ways. All three of them are going to drain your wealth, the wealth of your children, and the wealth of your children’s children. Here are the three ways our government is funded:

· First, the government is funded by borrowing money (this assumes that the Chinese and other foreigners want to continue lending to us, which is in doubt):

o The problem with this is that we still have to pay interest on the debt. This is a massive time bomb, especially when inflation kicks in and interest rates skyrocket. A $15 trillion national debt at 10% interest will require $1.5 trillion in interest payments every year. This will have to be paid with taxes. Assuming that there are 100 million taxpayers, each one will have to pay $15,000 in taxes each year just to cover interest!

– Second, the government is funded by collecting taxes:

-The problem with this is that even if the government confiscated 100% of the income of everyone making $75,000 or more, it would barely have enough to cover planned expenditures for 2009. It is clear that the government will have to come after the middle class to pay for their spending orgy.

– Third, the government is funded by creating inflation to cover what can’t be borrowed or taxed:

– The problem with this is that the money the government prints is used by the government to cover its deficit, while your assets get devalued as a result. It is just another form of taxation that affects every single person.

If you liked the Jimmy Carter years, you will love where we are headed under Obama. Here was our economic scorecard in 1980, which was Carter’s last year in office:

· Interest rates were at 21%

· Inflation was at 13%

· Unemployment was at 7%

· The combination of these caused us to invent a new word: “Stagflation”

After four years of Obama’s spending and taxation policies, I’m afraid our economic scorecard will look like Carter’s — or worse.

It’s interesting to note that Republican Senator Judd Gregg from New Hampshire turned down Obama’s offer to be Secretary of Commerce. He did this because he had no faith in Obama’s economic policies. In fact, here is what he had to say about Obama’s budget:

· “This budget represents a clear and present danger to the financial health of our country”.

· “This plan spends too much, taxes too much, and borrows too much”.

· “It is a massive expansion of debt, an unsustainable level of spending, and a deficit-generating machine that will bankrupt the country”.

Ronald Reagan told us that “A government big enough to give us everything we want is a government big enough take away from us everything that we have.”

Margaret Thatcher told us that “The trouble with socialism is that you eventually run out of other people’s money.”

Embarrassingly, we are being warned by former Socialist countries to avoid the same mistakes that they made.

· The Czech Prime Minister called the U.S. stimulus package the “way to hell”.

· Russian President Vladimir Putin warned “Excessive intervention in economic activity and blind faith in the state’s omnipotence is a mistake.”

· Even Communist China warned the U.S. not to devalue the dollar through reckless government spending.

What is happening in Washington threatens to transform America from a constitutional republic of limited government and free and independent citizens into a European socialist state that will chain the entire world to our bank accounts. Our government is becoming more burdensome than the autocratic British monarchy that we revolted against two centuries ago.

Thomas Jefferson warned us that “The natural progress of things is for liberty to yield and government to gain ground.”

His warning is an urgent one for us today. We are at a dangerous tipping point in our democracy. Roughly fifty percent of eligible voters pay federal income taxes, and the remaining fifty percent don’t. Once that ratio becomes unfavorable for us taxpayers, we will be exposed to an electoral majority that could choose to simply vote our wealth away. We are starting to see this happen now, with Obama, Pelosi, and Reid spending a trillion here and a trillion there.

I’m here before you today, as an average American taxpayer, because I am taking a stand.

I’m done apologizing for the American values of liberty, individual rights, and private property. The U.S. Constitution and the Declaration of American Independence are the two greatest political documents ever written.

I’m done believing that we have to surrender our rights for our political system to work. There can be no compromise with my life, my liberty, and my right to pursue happiness. There can be no compromise with the Socialists and radicals in Washington.

It’s time to take a stand, to make our voices heard, to challenge our leaders, and to refuse to back down. The 2010 election cycle is our opportunity to launch another shot heard round the world, just like the shot heard round the world that American patriots launched in 1775 at Lexington Green in Massachusetts.

We taxpayers need to become activists! The radicals that have taken over the federal government have a powerful grassroots organization. Using groups like ACORN, Media Matters, and MoveOn.org, the radicals have flooded the voting booths with armies of “victims” who will vote Democratic in hopes of leeching onto American taxpayers to get all of their needs and wishes fulfilled.

We need to stand up and confront this socialist threat to our country now! If Obama, Reid, and Pelosi are still running this country eight years from now, the American way of life will be irretrievably lost. The programs that they are implementing day after day in Washington will be almost impossible to reverse. Once nationalized health care is fully implemented, there will be no undoing it. Once illegal immigrants are waved across the border and given free education, health care, and other social benefits, there will be no undoing it.

Vice President Joe Biden tells us that “it’s our patriotic duty to pay more taxes.” I say that it is our patriotic duty to remove these tyrants from office!

It’s tea party time!

Thank you!

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Source by James Keena

Quickest Ways to Make Money – Make Money Without Physical Labor

HashFlare

The quickest ways to make money may not at all be what you think. You’re probably thinking about doing something such as mowing grass for the neighbors, raking leaves, and shoveling snow. Although these are great ways to make money in very little time, there are plenty of other ways as well.

First of all, what can you do? What are you good at? Think in terms of what you can do on a computer because, really, you want to be able to use your existing skills to do something from home. That’s everyone’s dream, right? Of course it is!

So check out Craigslist and some of the freelance job boards. Now, freelance job boards don’t consist of just freelance writing jobs. You will also find data entry and various clerical jobs. You may even find positions as a virtual assistant.

Basically, you can have the work done in a matter of days and have your money in your hand not long after that. It is rather quick. The quicker you do the work, the faster you’ll have the money. It is as simple as that. So don’t do the physical labor if you don’t have to. That’s unless you like it. If you like it, go for it.

Heck, you can mow the neighbor’s grass for $20 and then come home and do some freelance work for someone. You don’t have to do just one thing at a time. You can do several things to make the money that you need and you can make it quick. You can also have fun doing it.

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Source by Perry Webbing

Who Decides How Much Gold Is Worth?

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For private investors, the spot price of gold effectively determines how much gold is worth. The spot price is the price at which gold is traded at a particular point in time and location for immediate delivery.

Note however, that the when it comes to buying and selling, the buy price will always be slightly more than the spot price and the sell price will be slightly less. This ‘spread’ represents the costs and profit margin of the broker.

Other than the standard economic fundamentals of supply and demand, the gold price is affected by other important factors such as oil prices, interest rates, the $USD index, central bank involvement and geo-political tensions to various degrees.

Like all other stocks and commodities, how much gold is worth is determined on exchanges. However, not all bullion trading exchanges are created equal. The two most critical exchanges are the LBMA in London and the COMEX in New York. Between these two financial centers, gold sees most of its trading action.

Other bullion exchanges exist in major cities such as Tokyo, Hong Kong, Sydney, Singapore, Shanghai, Dubai and Zurich. Given this global reach, a gold spot price is continually being established even when the COMEX and LBMA are closed, allowing gold to be traded 23 and half hours every day excluding weekends.

LBMA

The LBMA which stands for ‘London Bullion Market Association’ operates between the hours of 07.30 GMT and 15.00 GMT. It used to be the foremost bullion exchange in the industry but during the crisis of 1968 in the run up to the end of the ‘gold standard’, its importance waned.

Nevertheless, the LBMA is still a leading exchange whose ‘Good Delivery’ list is widely accepted as the ‘de facto’ standard for the quality of gold and silver bars, thanks to the strict standards of assaying and bar quality that refiners must satisfy in order to be listed

COMEX

Nowadays, the most important bullion exchange in the world is the Commodities Exchange of New York. Known as the COMEX, it operates between the hours of 08.30 and 13.30 Eastern Time.

In 1994, the COMEX became a division of the New York Mercantile Exchange (NYMEX) and as such, how much gold is worth, is determined via a procedure documented in what is known as the NYMEX ‘Rule Book’. This is largely based on the price of contracts being traded in the most active futures month.

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Source by Auric Taurus

The Quickest Way to Make Money on Earth

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I am going to assume you don’t want to break the law or rob a bank, because as quickly as it could make you wealthy to rob your local casino, it is just not the right thing to do. I will also assume you don’t want to marry money or hope for a winning lottery ticket, what I am going to propose is a sound and hopefully rational explanation of the quickest way to make money on Earth.

First, I want to introduce you to the three types of money. Time money, Credit money and Solutions money. All three of these are ways to get money. Time money is connected to time and is typically offered in a job. You work 8 hours, you get 8 hours pay. The very next day you start from scratch, the work you did yesterday has been paid for and you will never earn for those 8 hours of work ever again. The next is credit money and this type of money trades tomorrows hours of work today. Typically, you can only get credit money, if you can prove you work in a job and have access to time money. So these two methods of getting money are both closely connected to the time component.

The third type of way to get money is solution money. Its where the fun begins. Most of the corporate world makes its money this way and pays their staff slow time money. While they make $100,000 in a single afternoon, they pay their staff an hourly wage. There is nothing unfair about this, but it is important to note that solution money has no time component. Solution money is made by creating solutions to peoples problems.

The quickest way on Earth to make money is to earn it offering solutions to peoples problems. The more specialized and effective your solution, the more in demand that solution is, the more ridiculously high your income will be. Company’s. are groups that have money, lot’s of money. If a company has a problem or to be honest, even the Government, for that matter, then, this is ideal for people wishing to make money quickly. But for the average person, how does this translate into income today? Well…it’s true, average people don’t have much money, but the point is getting paid to fix problems for people that need help. Even average people without much money would pay a handsome and quick payment to somebody that could assist them with a quick solution!

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Source by Martin Thomas

1000 Oz Silver Bars – Lowest Markup Over Spot Makes These Silver Bars A Great Investment

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Today’s uncertain economic factors have leading investment advisors enthusiastically recommending the purchase of precious metals such as 1000 Oz silver bars. In a time when owning tangible assets is viewed as a necessary part of any investment strategy, wise investors are buying larger bars like the 1000 ounce silver bullion bar because they offer the lowest markup over the spot price of silver.

These 1000 Oz bars are poured from Troy silver with bars normally weighing from 950 ounces to 1075 ounces, or roughly 70 pounds. Each bar is individually weighed and stamped with the exact weight, the purity and the hallmark of the company that produces it.

There are several private companies that offer the 1000 oz silver bar for sale, guaranteeing their weight and purity and shipping them via insured carriers. These larger sized bars may be received and stored personally by the investor or shipped to a secure precious metals repository for safekeeping.

The most popular 1000 oz silver bar brand is produced by Johnson-Matthey, a leading silver refiner known world-wide. Each bar is individually weighed by Johnson-Matthey and is stamped with its hallmark, purity, and weight.

These large silver bullion bars are Comex deliverable and are poured as a bulk product when ordered for shipment.

Reasons for Buying:

The outlook for rising prices in the precious metals market continues to be good. Here are the six primary reasons top financial advisors are adding silver to their portfolios and suggesting you do the same.

• Precious metals are the preferred hedge against inflation and the declining values of other assets including the dollar.

• Purchasing one 1000 ounce silver bar is more cost-effective and easier to manage than purchasing 1000 1-ounce silver bars, for example.

• Precious metals such as silver are a tangible asset and form an excellent foundation to any portfolio.

• Investment experts recommend a portfolio contain a minimum of 10% to 20% precious metals.

• 1000 Oz silver bullion bars have the lowest markup and do not have any of the numismatic premiums that silver bullion coins are saddled with.

• Industrial demand for silver is increasing in areas such as water purification and superconductivity, spurring rising prices.

Conclusion:

If you are looking for an outstanding way to store and grow wealth in a tangible asset, then you should know that 1000 Oz silver bars are the preferred choice of serious investors who recognize the investment opportunities that silver represents.

The outlook for making profits from owning silver continues to be excellent because demand is increasing and prices are continuing to rise. It’s no wonder that savvy investors are allocating significant percentages of their portfolios to precious metal assets like 1000 Oz silver bars.

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Source by Chrissie Goldman

The 40 Percent Rule

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What is the 40 percent rule? Well for starters it is a game changer when it come to building wealth. I have read over 100 books on investing and personal finance. I do not recall coming across the 40 percent rule. I discovered the rule by reading The Millionaire Playbook, by Grant Cardone.

I got excited when I read it. It gives a different perspective on building wealth. An aggressive game plan to help you become a millionaire. One concept is saving to invest. Not saving to save. That’s where the 40% rule comes in. Save 40% of your gross income and put it into your “Sacred Accounts” until you are ready to invest it to create more income. Sacred accounts are accounts where you never touch the money.

40% of your income is some major cheese from your paycheck. That is a huge lifestyle change especially if you are living paycheck to paycheck and in major debt. This will leave you broke most of the time but it is how the wealthy build their wealth. This is how the wealthy stay… WEALTHY.

Rich Vs. Wealthy

There is a difference between rich and wealthy. You get rich before you get wealthy and as Chris Rock said, “The ball player is rich, the guy paying the ball player is wealthy.” Bruckminster Fuller said wealth is measured in time. How long can you not work while your assets produce income? Wealth produces more wealth and it can withstand economic downturns. Look how many people stayed wealthy during the past recession.

How to Do the 40 Percent Rule

First decide that you are going to start building wealth. It’s simple not easy. Take baby steps. I couldn’t save 40% in the beginning and I was already putting 20% of my income towards paying down my debts. So I started with 4%. That was manageable and I moved up gradually. Now it’s automatic and I don’t even miss it.

If you read The Richest Man in Babylon, by George S. Clauson, then you are familiar with, “A Part Of All You Earn Is Yours to Keep”. Saving 10% of your income and 20% to pay down your debts. Now just bump your saving up to 40%. As I mentioned earlier it is a game changer.

Sacred Accounts

Remember this is wealth building. You are saving so you can invest into income producing assets. This will take time. Use time wisely. Research investments that will produce more income streams. I chose real estate because it is not a fad and dependent on technology. People need to shop, eat, and live. Real estate takes care of that.

Emergency Fund

I suggest you have an emergency fund. Start with $1000. It is for emergencies only. Life always brings a crisis several times a year. But ever since I have had an emergency fund I haven’t had any financial emergencies. I have had this for several years. I have never had to dip into it. This is not an investment. It’s cash to take care of the unforeseen.

Your Income Increases

Stash away all of your bonuses, raises, and surges of income. Put that in your sacred accounts. You don’t want expenses rising to meet income. Continue to drive a wedge between expenses and income. Put all your increases into the sacred accounts.

Pull The Trigger

After some time you will have enough to start investing. I don’t know how long it will take you. I know my mentor saved for 8 years before he pulled the trigger. He turned that investment in to a $5 million dollar profit a couple of years later. He pulled the trigger after he felt confident and made sure he could get his money back. This isn’t gambling.

He got a great deal because he had access to cash. Money loves speed and when you are liquid you can pounce on opportunities. There are awesome deals everyday which people miss out on because they don’t have access to capital. This is why saving to invest is so important.

Just Start

Here is what you need to do now:

1. Open up your sacred accounts. (I have one for real estate and business investing). Chose accounts where you will not have immediate access to the money. Online savings accounts are great and pay a higher interest rates.

2. Decide how much you are going to save. Start with your first paycheck, commission, or any other income. Even if it is 1% that’s better than nothing. It’s easier if you have automatic deductions. That way you won’t miss it.

3. This is a lifelong activity. Keep going until you die.

HashFlare

Source by Charles Fitzgerald Butler