Your Cash

Lets be honest there is no sure way of picking a winner. But, there is methods of improving your odds greatly. first you must understand that a stock is peice of a company. If the company does well it should reflect in the stocks price moving up. There are also other factors that drive a stock price for example, the overall feeling of the market can be negative, driving most stocks down(like high oil prices or other major curent events like wars & disasters...)Also, moving the stocks price is supply and demand. For instance if alot of people want to buy stocks from company x but there is a limited supply of shares(shares stocks samething)that too will drive the price up.You must understand that stocks are classified by the companies market value(thats the share price times the total amount of shares.)A company like Microsoft is a large cap company or even considered a mega cap. These large caps like Microsoft, Walmart, Citigroup usually move slower in price compared to midcap and small cap companies. Midcap and small cap companies are usaually considered growth stocks.Although you might capture bigger gains with the smaller companies, the risk is ussaually higher. Although this principal is not always neccesarily true.Lets first begin by exploring ways to avoid picking a loser or simply losing.
The most common rookie mistake is chasing a stock. That is simply looking at a chart, seeing a stock that has recently gone up alot in price and assumming it will continue to do good and buy it.Although this might work sometimes, it is definitley not a reason to buy a stock.Rule number 2 do not buy on someone elses tip with out doing your own research! Be carefull when investing in a sector which has recently done great and has reached its peak like the energy and oil sector. Newbies finnally have enough courage to enter the market when its too late and everyone is leaving and supply floods the market and stocks in that sector go down.(not good)Investing with no knowledge of the markets is also a mistake, educate yourself first.
Ok I will be back for the next part hope you learn something .
God bless Mr.Cash

Well the main reason I havent posted for a while is becuase my dad has been diagnosed with cancer. But im glad I know he is saved in Christ. So on a simialer note we will talk about health insuarance and protection. Acumalting wealth may be fun and simple but with out the right protection one can loose it all (very fast).For example, had my dad have not the proper health coverage we would have dug ourselves a nice little whole. So health insuarance is important, I know to many people who now have long term debt because of no health insurance.You might think, "who cares about money when your in a tragedy like that." And your right when theres an emergency you dont care about money or your nice things. You would sell everything you had to save a loved one. Thats why we have to think about it before hand.If you are not taking advantage of your employers health benefits shame on you think again. If your employer doesnt provide benefits maybe you should change jobs or find out the best way to buy coverage for you and your family.This same principle can go for any other type of insuarance. For example, house insuarance, car insuarance, life insuarance(which is another topic in itself) and so on...
So the point is acumalating wealth is fine and dandy but without the proper protection POOF it can all be gone.
[if you read this article or any other please leave a coment and what you think about it thanks]

Investing your money is a necessary step to gain wealth. The only way to make money investing is by educating your self on different ways of investing. You have probly heard of the stock market, real estate, bonds, cd's (certificate of deposit), and so forth. These are the traditional ways of investing but you may also want to be creative for example if you know a little bit about cars you can by cars at auctions fix them and sell them for more. So for this post im going to give you great links to learn from .Here is one of the most extensive web sites on anything that has to do with investing Investopedia

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You should learn from these sites especially investopedia, they have tutorials that a ver helpful.
see you later Mr.Cash

Now that you figured out where you stand, the next step would be to set aside some of your income and probably cut down on some expenses that you've noticed are not necessary. Ten percent of you income is a good amount to save. This is a major step, you need to start storing up some capital to invest in something. But before you do that, write down some of your goals in life that you want to attain and how extra cash will help make that happen. For example maybe you want to travel to certain places or be able to stay home with you kids. Maybe you want to only wok part-time. Or you might want to build a church or start an organization,these things cannot be done with out money use these things as an inspiration (write them down!).
I would definitely suggest you buy a book called Rich Dad Poor Dad. You can get it through this site by clicking the link that says rich dad.com . This book will get you pumped to start you on your path to wealth and will teach you how to look at money in a new way start saving some money and buy the book. Next time we will talk about different investments. See you Soon Mr.Cash.......

One thing that wealthy or well off people have in common is that most of them have a life plan. Meaning, they have goals and dreams that they want to attain. But to get to those goals they must have a plan to follow.Having a plan is very important. If you really want to take control of your money then setup a plan. In sports, teams have a game plan. In war, armies have a strategy or a plan of attack.If your starting a buisness, a bank will not lend you money unless you have some kind of plan. Now for your money you should also have a plan. Robert Kiyosaki the author of Rich Dad Poor Dad has a chapter in one of his books named, "Getting Rich Is Automatic...If You Have a Good Plan and Stick to IT". He suggest first finding a financial advisor and begin from there. But lets get real how money of us are going to do that? So lets start with ourselves. The first step is finding where you stand right now. This entails writing down a monthly statement of your household cashflow. Meaning, find out how much income you have coming in and a detailed list of where that money goes out.(bills,gas,utilities,etc.)Also list all your oustanding debt like mortgages, car loans,credit card debt and all else.Find out how much money you have left after you pay all your bills and necessary expenses.Ok, so first write down your net income(net=actual money after taxes in other words actual take home money)
Then copy and paste this link to your browser, www.foxway.com/worksheet.html print out this expense sheet and fill it out to find out exactly where you stand. Well thats enough for today I will be back to continue "Having a Plan" stay tuned.Hope you follow through,
Mr.Cash

How hard is it to retire a millionare? Impossible you think? Think again.
Most of you have heard of retirement vehicles such as 401k, IRA, Roth IRA, and others. To learn about these click here http://www.investopedia.com/university/retirementplans/ . Its very important to educate yourself. Some of you work for companies who contribute to a 401k and encourge employees to open one. If your company does not have this option maybe you might consider opening an IRA. If you dont have a retirement plan maybe this article will encourage you to begin one. Now that you clicked and educated yourself on retirement plans, take a look at this. If you are thirty years old and begin to invest 209$ a month and gain an average of 14% a year (not to hard). You will be a millionare by age 59. Not so bad. The younger the better. If you start when your 23, you only need to invets 79$ to retire at 59 years old as a millionare. Check out this calculator to enter your own numbers http://www.investopedia.com/calculator/MillionaireCal.aspx . Remember The U.S.A retirement age begins at 62(the earliest possible retirement age for Social Security), do you want to wait until then to retire? Please let me repeat myself, it is crucial to plan ahead for the "golden" years. If you have not yet done so please contact a financial advisor.
Hope you enjoyed this article, see you soon with more tips........
Mr.Cash

This blog is simply about good money tips. It will be encouraging and educational. I will list my sources, whether they come from Sunday's Newspaper or some book I am Reading (which I am always doing).I hope you enjoy this site as it can enhance your life in money ways. Place this site on your favorites and check back frequently for new articles. See you soon....