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Submitted by: Penny Sterling

The secret to becoming financially wealthy is to have a rich mindset. You have to work for it, work on yourself and also learn the secrets of those who have achieved success. Success will come to those who make it happen and it doesn’t necessarily mean that you have to work harder, you just need to work smarter. You have to take charge of your time, be in charge of your spiritual growth and take responsibility for your own actions.

People with a Rich Mindset:

– Are willing to delay gratification and have the patience to wait for the fruits of their labour to materialise.

– Are willing to take calculated risks and are prepared to win or lose. They take advantage of new opportunities before the masses realise the potential.

– Are quick thinkers, have a sense of urgency to produce results, they make it happen, understand the principles of ‘Cause and Effect,’

– Are decisive and make plans. They will be able to tell you where they are going and how they are going to get there.

– Persist until they succeed.

– Understand the importance of leverage and teamwork.

– Focus on having a good quality of life. They will retire comfortably whilst having a high standard of living and enjoy more free time and the good things in life. They will also have good health and a sound sense of well-being.

– Always have more money at the end of the month so that they can use it for investing or spending as they wish.

The rest of this article will provide you with tips on how to develop a rich mindset. People who already have this rich mindset, are able to make money easily using limited resources and little time.

Tips to develop a Rich Mindset:

1. You have to believe that you deserve wealth.

2. You have to develop a mind that says that you have ample opportunities to create wealth.

3. You have to organize your life and time.

4. You have to network more with high achievers.

5. You have to start thinking about developing passive income.

6. You have to visulise wealth. Imagine yourself having financial abundance.

7. You have to think positively.

8. You have to think about money as energy by being happy to give and receive.

Tips on How to Become Rich

Wouldnt it be brilliant if you could get rich. Here are tips on how to get rich.

1. Invest – Start saving early preferably when you are young.

2. Marry a Billionnaire.

3. Win The Lottery

4. Inherit from rich Parents

5. Get Financial Education. Read Robert Kiyosaki’s brilliant book Rich Dad, Poor Dad. Attend wealth seminars.

6. Become A Star – if you have got the talent.

7. Invest In Real Estate.

8. Invest in stocks and shares.

9. Set up an Internet Business.

10.Get Good Tax Advice.

11.Save 10% of Everything you Earn.

12.Get a Well-Paid Job.

13. Re-invest income from assets to buy more assets e.g shares, mutual funds and property funds pay dividends

About the Author: Penny Sterling is not only an investor, but is also a personal finance enthusiast with a passion for helping people to develop a rich mindset. For more information about rich thinking, please visit:

richmindsetsecrets.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=592467&ca=Advice }

byadmin

Big incomes and yet a burned hole in the pocket at the end of the day…, Does that describe you accurately? If so then mutual funds would suit you to a T.

After all, what other investment option allows you to keep your money relatively safe while assuring you healthy returns? Attractive!

So what is a mutual fund?

Simply put, a mutul fund is a trust that pools together the money of different investors and invests them in various money market investments. It is managed by a professional fund manager who trades(buys and sells) in accordance with the investment strategy or objective. The incomes or gains realized from trading are then distributed back to the investors in proportion to their original investments into the fund.

With regard to returns disribution, Mutual funds usually offer three different options to investors to choose from.

* Dividend Payout,* Dividend Re-investment, and the* Growth option.

An propspective investor must choose carefully which options suits him or her best.

Growth or dividend?

The dividend option enables you to partially cash in on the returns earned by the fund from time to time through the dividends that it declares, whereas the returns in growth option are retained in the MF and reflect as an appreciation in the fund’s Net Asset Value (NAV). However, the dividend does not in any way add to your returns from the fund though it presents a great opportunity to get periodic payouts on a high-yield investment.

The Dividend Re-investment option authorises the fund to plough back the dividends declared into the fund at the prevailing NAV, also fetching you more units. It is voluntary to participate in these plans, but if you elect to, you’ll receive additional shares in the company instead of, and to the value of the cash dividend you would otherwise receive. In terms of its effect on your returns, the Dividend Re-investment option is no different from the Growth option.

The Dividend Re-investment option is the superior option for investors who yearn for tax efficiency and are willing to remain invested in equities through stock market ups and downs. If you need liquidity, you can clear up a part of your holdings at NAV.

One of the appealing features of Dividend payouts is that it helps you re-balance your equity holdings when the markets are bullish, guarding you to an extent against a decline in values. The down side is that it is a `set and forget’ strategy that could result in an opportunity loss in a rising market.

The right choice

Now that you have made a thoughtful decision to invest, you are bound to read about, hear about, or experience the risks involved. All funds fluctuate and choosing the right fund requires finding both a fund with a successful track record and one that also meets your investment objectives.

The prospectus states purchase redemption and annual fees as well as statistics such as turnover ratios (the frequency of liquidations within the fund). Sensibility lies in creating a diversified portfolio that mixes stock funds, international funds, bond funds and other specialty funds.

If are you searching for capital appreciation. then you might desire a growth or aggressive growth fund; if you are looking for safety, choose balanced fund and if you are looking to invest in a certain sector such as technology, pick a sector-based fund.

Because, deciding on the correct option is perhaps as important to the health of the investment as choosing the particular mutual fund is.

byadmin

Bad hiring decisions can cost you. Here’s how the best personal injury lawyer in Fort Lauderdale can help you.

Provide you with options

An excellent lawyer will provide you with a range of options that work for you. They will take the time to carefully explain the pros and cons of each so you’ll have a better understanding of which one to go for.

Handle the correspondence

When you hire an experienced attorney, you can expect them to take on the task of handling all the correspondence that the insurance companies will send you,The Seattle Times says. Answering those letters or trying to understand what the insurance companies mean can often be challenging. By hiring legal help, you have someone to answer them back so you won’t have to.

Help you understand

Developments in your case aren’t always easy to understand. When you have the best personal injury lawyer in Fort Lauderdale by your side, you have someone to explain to you what’s happening and what those developments will mean for you.

Determine the damages

You probably don’t know how many damages you quality for, but your lawyer does. If you get a settlement offer, your lawyer can check the amount and compare it to how much you can get for all the damages you qualify for. This way, your legal advisor can stop you from saying yes to an unfair settlement.

Ensure maximum compensation

With the help of a lawyer, you can receive the maximum compensation that is yours by law. While the proceeds of the case won’t compensate you for the trauma or suffering you went through, the money could help you recover from the accident and move on with your life.