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Cash Is King

Written by admin from on November 25th, 2008 | 0 Comments

With the current state of financial turbulence, many invididuals are seeking to liquidate their assets and labor into cash. The result of this action by a large group of invidividuals is the price of the U.S. dollar is rising while the cost of products, goods, and services is falling. In other words, those with disposable cash on hand are experiencing a surge in buying power. For example, auto dealerships are very eager to sell cars right now. One walking in to purchase a car could likely get many perks added and the price substantially reduced. This fact is exacerbated by the red alert within the auto industry on a whole. However, even other industries are feeling a price contraction. Many companies are cutting advertising advertising dollars. Google has been directly affected by this as their primary source of income is marketing. Thus, the cost to increase ad positioning within Google’s search pages has declined. Here, the situation is slightly different because advertisers bid against each other “in the dark” but the example still holds the applicable concept: the person with available assets is able to purchase more and better. It is my recommendation that those with disposable income hold on to it awhile longer. Bargains will become better bargains and more widespread as the economy works to correct itself. In the interim, I suggest adding to your income if possible as cash will become even more valuable in the near future.

Buy Low Sell High

Written by admin from on October 23rd, 2008 | 0 Comments

The concept is very simple, but carrying out this mission is no easy task. Essentially to make money here (and just about every where else) you have to be different from the crowd. When people are fearful, you must shine with bravery. However, when things are at there peak and the wine is flowing, you must look for the exit. The key here is valuation and your ability to accurately value something when no one else can. To value a service or a product, look at what it’s utility is to you and others. How much value would it have if everything was “normal”? Is the market saturated with the product? Is the service in demand? Then you must look at how much demand and at what prices. The sooner you can put an accurate value on something, the better. This is a big first step into converting your existing money into more money. Stocks are the ideal example of this. Traders are constantly looking for undervalued stocks to buy and trying to sell stocks when they feel their value would drop. This is a nuance in the formula however because tranders are not always selling because they believe the stock is not worth its current price. On the contrary, they are selling because others will percieve it as not worth its current price because of its inherit qualities or the exterior market itself. You can see how the concept of buy low sell high is so simple, yet takes a tremendous skill set. Wealthier people usually have a firm grasp on how to make money into bigger funds.

Bright Light in Dark Times

Written by admin from on October 11th, 2008 | 0 Comments

If you desire to not just accumulate money – but really make money (ie get “rich”), then you need to deviate from the norm in some way. Usually this way is through risk. Right now we are in one of the worst economic plights in history. Many people are selling and selling in an effort to become liquid. You might be tempted to sell as well, but before you do stop and realize what is happening. People are selling – and low. These assets may have decreased in value somewhat, but most probably have not diminished in value to the point at which they are selling.

Fortunes will become of this period. However, the buy low, sell high concept is not as easy as this sounds. Yes the opportunity has presented itself, but now you must decide what to buy and when to buy it. Just because a stock, house, product, etc. is low in price now doesn’t mean it won’t go lower. Furthermore, just because it is likely that an asset, right, or property will go up in price doesn’t mean you can tell how much profit will be derived from it. So to truly maximize your earning power, you must have good calculations. By being skillful, innovative, and independent one can accumulate weath in a faster, more efficient mode. Right now the opportunity is presenting itself to those who are willing to take risk, if they can successfully make the right moves.

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How To Make Money In Tough Economic Times

Written by admin from on October 10th, 2008 | 0 Comments

When an economy enters a recession or even depression, you will see the best of the best rise to the top. Along the way, you also witness people becoming more efficient in their spending and money making ability. Costs rapidly come down to market equilibrium prices as sellers are eager to meet buyers. Buyers will, in turn, bargain for better prices.

The king of the job market becomes practicality. The rare job openings will go to those that can provide the most margin of immediate benefit to the employer. For example, a candidate from the alma mater of the employer will not be nearly as likely to an equally qualified candidate that can speak a viable second language from a different school.

This is only a small sample of how the economy tightens and society becomes more efficient. Less spending will go to luxury services and goods. The money will go to the means to live. Thus, this is why the best, most efficient will emerge as the money makers of a recession. Work hard, efficiently, and smart and you can rise to the top of your niche in the market and derive income. Beyond your primary job, you can also add supplemental sources of income to increase your liquid resources during an economic money squeeze. Blogging, side jobs such as repairs, and a formal part time job on the side can be methods of making money. Never underestimate your abilities and always seek to stretch your resources.

More Money is Simple

Written by admin from on October 9th, 2008 | 0 Comments

For most of us, the idea of getting “rich” or “wealthy” seems far fetched and of another world. The truth is money is simple until we mess up the equation. To create a wealth, one must create a surplus of money by taking in more than we spend. This is the same concept as losing weight except we’re trying to get rid of the weight and gain more money. You lose weight by burning more calories than you consume. With money we’re trying to “consume” more money than we “burn”, thus creating a surplus storage of money or fat deposit if you’re more comfortable with the weight loss example.

Either way, the fundamental concept to creating wealth and amassing money is to create more income than we spend. The greater the positive difference between the two, the more surplus money we have to do with what we like. Like losing weight, accumulating wealth is difficult for Americans. Why? The simple answer is because we spend too much.

Americans, more often than not live beyond or at their means. In other words, we spend more than we have and/or live paycheck to paycheck. Credit cards greatly facilitate this way of living, but ultimately the responsibility falls on the consumer. After all, it is Americans who decide to borrow from these credit cards and it is Americans that decide only to pay minimal payments – insuring that whatever was purchased will cost them far more than if they had waited and saved their money to buy the item outright.

Many are cognisant of this fact. The proliferation of material against credit cards and their pitfalls is widespread. Unfortunately, many are caught in a vicious cycle that will ensure they never have financial freedom. We will talk more about the habitual nature of American consumers and how marketers pray on their subconscious.