Rachel’s Blog

The writing of an Idealist

Why Technical Analysis? (Building a Foundation for Profitable Trading)

Many years ago, technical analysis was considered ‘hocus pocus’, and serious investors and traders based their decisions off fundamental analysis only.

In today’s market, fundamental analysis is still widely used among very successful investors, and is an excellent strategy to use in the right market conditions, but technical analysis has made it’s entrance and created a presence not to be trifled with.

What is Technical Analysis?

First of all, what exactly is technical analysis, and what is behind it?

Technical analysis refers to the study and use of information related to stocks and the market in general. Technical analysis (TA) is a combination of charts, bars or candles, graphs, indicators and other symbols which represent to the person reading it the price, volume, momentum, trendlines, averages and other useful information related to a stock which can be used in making trading decisions.

But behind all of that data lies the true source of technical analysis- people. The market is simply a collection of individuals who are buying and selling. Fluctuation in price which is represented on a stock chart is nothing more than a reflection of the nature and mass sentiment of the individuals who are buying and selling. It is a reflection of human nature.

By learning the art of TA, we can discover repeating patters in human behavior that occur over and over again, and acquire the skill to profit from fluctuation in price.

Start the Basic Technical Analysis Course today. Not a member? Sign up for 14 days free.

Short vs. Long Term Investing

Technical analysis is geared more toward the short term, while Fundamental analysis tends to be more long term. But using TA can help you in deciding what market conditions are like and if the are favorable for ‘buy and hold’ or ‘holding for the long term.’

For example, many people made a lot of money buying and holding stocks, until about a year ago when the market began to turn. At that point they began to lose money on the stocks that they were holding, and those losses have continued to increase to date.

With a simple understanding of Technical analysis, many of those losses could have been prevented, or at least significantly reduced. One client had a 401(k) through his employer. He had already lost significants amount of money before signing up with our education.

By learning a little bit about TA, and how to read moving averages and other indicators, he gained the confidence to make an educated decision about his retirement account. He decided that he would exit his current stock and mutual fund positions, keeping his 401(k) in cash (in his account, so he received no penalties, but not invested in any securities).

Over the ensuing weeks he saved over $72,000 that he would have otherwise lost had he remained invested. Needless to say he was a happy camper. He is now using the knowledge he is learning to make money in the current market conditions, allowing him to not only stop losing money, but to begin making it as well, placing him light years ahead of his co-workiers in his investment portfolio.

High Probability Trading

Technical analysis allows traders and investors to read the markets (the sentiment of individuals), and only put their money to work in the market when the chances for success are increased.

When analyzing charts, a trader is looking for the highest number of factors suggesting that a significant move in one direction is possible (higher odds), enough to lead to an acceptable risk/reward ratio.

Everything to do with TA is designed to increase the odds of success in trading. It’s a tool to determine that the reward for investing outweighs the possible risk.

It’s Not About Prediction

Despite what many people believe, TA is not about predicting the future. In reality, it has to do with probability, not prediction. TA helps us to find a many factors as possible that indicate a probable up, down or sideways move in the market.

Even a basic understanding of TA can help even the most steadfast of Fundamental Traders. There are traders who trade only on technicals, but there are not many traders any more that, fundamentalist or not, that do not use some technicals as a part of their trading strategy.

Start the Basic Technical Analysis Course today. Not a member? Sign up for 14 days free.

December 8, 2008 Posted by racheldenning | Financial, Trading | , , , , | No Comments Yet

Which Money Cycle Are You In?

Even without winning the lottery, your chances of becoming a millionaire are a lot better than you think. In fact, if you have the desire and conviction to be wealthy, you have a better chance of generating and, more important, sustaining wealth than someone who has won the lottery.

You can take all the mystery out of wealth building. Anyone can take a prescriptive, step-by-step approach to eliminate financial hardship and build wealth of a million dollars or more. And I don’t mean just net worth; I mean cash flow- cold, hard cash in your pocket.

Wealthy people get to where they are not by chance, but by taking specific, tangible action. There is a very clear difference between the flow of money for most people, and the flow of money for someone who is wealthy. It looks something like this:

In the Least Cycle (because most people do it, but they end up with the least), wealth can never be created because all the money which comes in (through income), goes right back out to pay expenses- housing, food, credit card debt, consumer goods, etc. Even your home is a liability because it takes money out of your pocket every month, instead of putting money into your pocket. Compare it to the Cycle of the Wealthy:

In the Cycle of the Wealthy, a portion of the money which comes in (through income, which is usually a job when the process is started) goes to investing in assets (a definition of an asset is something that provides cash flow or capital). Those assets in turn produce more income, which goes back into building more assets, and thus creating more wealth.

Besides that, they structure their life to run like a business. They create entities (Corporations or LLCs) that they run all ‘business’ related expenses through before paying taxes, so it reduces their tax liability.

Creating wealth is as simple as deciding what Cycle you want to live in. If you live in the Least Cycle, you will never create wealth. If you live in the Cycle of the Wealthy, wealth is guaranteed.

That is why some people can make a lot of money, even a million a year, and still be broke. If they live in the Least Cycle, they are not wealthy. They’re still living paycheck to paycheck, albeit a very large paycheck, but they are not creating wealth.

The goal is to increase your income so that you can buy assets that will create more income, until this becomes a passive process and you create freedom to live as you want.

April 29, 2008 Posted by racheldenning | Financial | , , , | 1 Comment

The 7 Laws of Attraction

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The 7 Laws of Attraction explained by Bob Proctor, presenter on The Secret

1. The Law of Perpetual Transmutation

2. The Law of Relativity

3. The Law of Vibration

4. The Law of Polarity

5. The Law of Rhythm

6. The Law of Cause and Effect

7. The Law of Gender

Bob explains these laws in an interview with Vic Johnson. Listen to this interview for free-click here.

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April 26, 2008 Posted by racheldenning | Financial, Human Potential, Law of Attraction | , , , , , , , , , , | 1 Comment

Free Get Out of Debt Teleseminar

The Pursuit of Happiness

The philosopher Aristotle concluded, in his Nicomachaen Ethics, “The ultimate end or purpose of all human life is the achievement of personal happiness.”

Becoming financially independent as the result of developing million-dollar habits is a great goal in itself, but it is not the most important thing. It is the person you must become, in terms of courage, character, thoughtfulness, and persistence, that is most important. As the result of becoming financially successful over a long period of time, you will feel truly happy and satisfied with yourself, and with every other part of your life.

This is the most worthwhile goal of all.

Attend a FREE Get Out of Debt Teleseminar by Brian Tracy- bestselling author of Million Dollar Habits and Change Your Thinking, Change Your Life


Get Out of Debt! - Live Teleseminar

April 23, 2008 Posted by racheldenning | Financial | , , , | No Comments Yet

Mini-Retirements & Filling the Void

To start at the beginning of this Book Review, click here.

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Whoever sold us on the idea of working for the long haul (30-40 years or more) before we could travel and enjoy life was full of it!

And whoever told us that a life of travel and luxury is available only to the superrich is also wrong.

Say goodbye to vacations and hello to mini-retirements.

“If you’re accustomed to working 50 weeks per year, the tendency, will be to go nuts and see 10 countries in 14 days and end up a wreck.”

The alternative is the mini-retirement; relocating to one place for one to six months. It gives you the opportunity to relax, reexamine and experience life, at a speed that lets it change us.

The mini-retirement is defined as a recurring event- a lifestyle. It provides the opportunity for us to slow-down, to observe yourself and the world around you, and to create new habits of living.

Ferris then gives us details on how living abroad can actually be less than what we may currently be paying for living stateside, and helps us to overcome some of our ‘fear factors’ (or excuses) for not traveling.

Some of these include:

I have children- I have a house- What about health insurance?- Isn’t it dangerous?- What if I get kidnapped?- I’m a woman, I can’t travel alone-

For every excuse there is a person who has traveled abroad with the same situation as yours, but chose instead to do it anyway.

Take for example the single mother of five who took her children on a five-month world tour (her story is in the book), or the husband and wife who sailed around the world for 15 months with their three boys (also in the book).

What excuses do we have? It’s been said that excuses are like armpits- everyone has them, and they all stink.

We just need to cut the crap and take the leap. It will be well worth it.

Ferris lists countless resources on reducing life clutter (i.e. all your stuff), how to plan your trip, and steps to take before departure day. Very helpful.

Filling the Void- adding Life after Subtracting Work

“Man is so made that he can only find relaxation from one kind of labor by taking up another.” – Anatole France

“The retired and ultrarich are often unfulfilled and neurotic for the same reason: too much idle time. But wait a second…Isn’t more time what we’re after? No, not at all. Decreasing income-driven work isn’t the end goal. Living more- and becoming more- is.”

Sometimes once we reach the point of having our dreams realized- having it all- we might actually get bored. How can this be? Besides having extra time, retirees and the superrich also suffer from social isolation.

With most people you know still in the 9-5, you have to find new things to do with yourself. But don’t worry, “the greatest rewards are yet to come.”

With time to do whatever you want, after the initial kid-in-a-candy shop syndrome, questions like “What does it all mean?” seem to take on more importance. You ask yourself, “What should I do with my life?”

You’ll have moments of doubt, and begin to question your ’step off the treadmill.”

But most of these doubts come from using the old comparisons that more is better and money equals success. With your new NR lifestyle, you’ll have to begin looking for a new focus, and asking the ‘big’ questions.

“What is the meaning of life?” “What is the point of it all?” Ferris challenges us to consider ‘big’ things, but to stay focused on what falls into our sphere of influence, somewhere where we can take action and actually make a difference.

Summary

“I believe that life exists to be enjoyed and that the most important thing is to feel good about yourself…for me that is to love, to be loved, and never stop learning.”

Tim Ferris gives a fresh look at our world and how we live in it. He challenges mainstream thinking and provides more than philosophy, but step-by-step actions that will produce measurable results.

Mr. Ferris’ book has the ability to make massive changes in your life, moving you from a state of existing to truly living.

Buy his book today!

See Tim Ferris’ Recommended Reading List.

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April 19, 2008 Posted by racheldenning | Current Reads, Financial | , , , , , , | No Comments Yet

Step IV- L is for Liberation

To start at the beginning of this Book Review, click here.

Disappearing Act- How to Escape the Office

“Being bound to one place will be the new defining feature of the middle class. The New Rich are defined by a more elusive power than simple cash- unrestricted mobility. This jet-setting is not limited to start-up owners or freelancers. Employees can pull it off too…and more and more companies want them to pull it off.”

Ferris says this can be done in five steps:

1. Increase Investment-Become more valuable to the company, get additional training, and become an asset to the business.

2. Prove Increased Output Offsite- Take a day off, or a sick day, or even a weekend, and use it to work from home. Double your work output, communicate with the office via email, keep records of what you accomplished.

3. Prepare the Quantifiable Business Benefit- create a report of how much more you accomplished from home, with explanations of why (fewer interruptions, removal of commute, etc.), and point out the benefits for the company of your increased productivity.

4. Propose a Revocable Trial Period- Start with a one-day-per-week trial period for two weeks. Prepare for this meeting, but don’t make it a Powerpoint, or it will look too serious. Ferris gives a sample script in his book to use with your boss.

5. Expand Remote Time-Ensure that your days outside the office are most productive. Prepare a comparison chart to show the results to your boss, then suggest to move it up to four days per week for a two week trial. Once you prove your productivity again, your ready to take the next step of full remote agreement.

“Employees usually get stuck on Liberation, because they fear taking control. Resolve to grab the reins-the rest of your life depends on it.”

Beyond Repair- Killing your Job

“Some jobs are simply beyond repair…’job’ can refer to both a company if you run one, or a normal job.” Sometimes quitting (or getting fired) is the best thing that can happen. You need to decide if your job is what you really want to do for the rest of your life.

You may be afraid, or feel that you’ve invested too much time and effort, but if it’s really not what you want, then you’re wasting away your life, dieing a slow spiritual death, tolerating mediocrity.

Pulling off the Band-Aid: It’s Less Painful than You Think

There are several phobias about quitting:

Quitting is permanent- Not true. You can always get a new job, or start another company. Change of direction is always reversible.

I won’t be able to pay the bills- Your first objective will be to have a source of cash flow before quitting- solving that problem. You can also cut back on expenses, use savings if needed, there are always options.

I will ruin my resume- do something interesting and you’ll actually add to it’s appeal.

There is always a way. If you want to live your dreams, then you must take a different course than what you’ve been doing. Overcome the fear and take the next step!

Mini-Retirements & Filling the Void

April 19, 2008 Posted by racheldenning | Current Reads, Financial | , , , , | No Comments Yet

Step III- A is for Automation

To start at the beginning of this Book Review, click here.

Outsourcing Life

“A man is rich in proportion to the number of things he can afford to let alone.” -Henry David Thoreau

Ferris shares the story of AJ Jacobs from Esquire magazine and his “Outsourced Life.” Outsourcing is the wave of the future, for business and personal use.

Ferris then gives us a glimpse into his outsourced life, waking up in Buenos Aires, checking his email (because it’s Monday), receiving updates from all his assistances on the status of his businesses, the bills that have been paid, and the research information he wanted about Kendo schools in Japan and top salsa teachers in Cuba. Ahhh, the world of automation.

A remote personal assistant is not just for entrepreneurs. Ferris describes in detail how employees can use them to outsource their own work, thus making them more effective and more mobile. (He goes into great detail on why and how to do this, and how to get your boss to agree to it.)

The goal is to free your time to focus on bigger and better things.

Delegation Dangers

The purpose of delegation is to further reduce your work load, not to be used as an excuse to add the unimportant. Eliminate before you delegate. There is no point in paying someone to do what shouldn’t be done in the first place.

- Each delegated task must be both time-consuming and well-defined.

-On a lighter note, have some fun with it!

There is a world of possibilities available to you with outsourcing. Nearly anything can be done from writing business plans to sending flowers to your spouse, by a remote assistant.

Ferris explores all the options, going local or remote, costs, and using a solo assistant or a team. He also examines precautions to take to protect yourself from misuse of personal and financial information.

So how do you get started into the world of outsourcing?

Get an assistant-even if you don’t need one. Develop the comfort of managing and giving direction.

Start small, but think big. Continually ask yourself, “Could a VA do this?” What things have been sitting on your to-do list for awhile?

Identify the top five time-consuming nonwork tasks and five personal tasks you could assign for sheer fun.

Income Autopilot

The next three chapters of Ferris’ book deals with creating income on autopilot by making what he calls a ‘muse,’ or a cash machine. A business that produces income to provide for your lifestyle and for following your passion.

He gives extensive information on market selection, product brainstorming, micro-testing, then rollout and automation. He takes your company from start-up, to being CEO, to removing yourself and putting your entire business on autopilot.

If you are interested in the full details of this process, I suggest that you buy his book. You will also have access to all his resources on his website- contact information for everything you will need. The information he provides is too extensive to cover here.

Disappearing Act- How to Escape the Office

“Being bound to one place will be the new defining feature of the middle class. The New Rich are defined by a more elusive power than simple cash- unrestricted mobility. This jet-setting is not limited to start-up owners or freelancers. Employees can pull it off too…and more and more companies want them to pull it off.”

Ferris says this can be done in five steps:

1. Increase Investment-Become more valuable to the company, get additional training, and become an asset to the business.

2. Prove Increased Output Offsite- Take a day off, or a sick day, or even a weekend, and use it to work from home. Double your work output, communicate with the office via email, keep records of what you accomplished.

3. Prepare the Quantifiable Business Benefit- create a report of how much more you accomplished from home, with explanations of why (fewer interruptions, removal of commute, etc.), and point out the benefits for the company of your increased productivity.

4. Propose a Revocable Trial Period- Start with a one-day-per-week trial period for two weeks. Prepare for this meeting, but don’t make it a Powerpoint, or it will look too serious. Ferris gives a sample script in his book to use with your boss.

5. Expand Remote Time-Ensure that your days outside the office are most productive. Prepare a comparison chart to show the results to your boss, then suggest to move it up to four days per week for a two week trial. Once you prove your productivity again, your ready to take the next step of full remote agreement.

“Employees usually get stuck on Liberation, because they fear taking control. Resolve to grab the reins-the rest of your life depends on it.”

Step IV- L for Liberation

April 19, 2008 Posted by racheldenning | Current Reads, Financial | , , , , | No Comments Yet

Step II: E is for Elimination

To start at the beginning of this Book Review, click here.

“It is vain to do with more what can be done with less.” - William of Occam

The End of Time Management

Ferris says the key to time management is- to forget about it. We should not be concerned with doing more in each day, trying to fill every second with some type of ‘busy’ work. “Being busy is most often used as a guise for avoiding the few critically important but uncomfortable actions.”

For the NR, it is not only possible to accomplish more by doing less, it is mandatory. Enter the world of elimination.

Now that you know what you would do with your free time, it is important to free that time up, while maintaining or increasing your income.

Ferris addresses how to do this, speaking to employees and to entrepreneur’s. Employee’s specifically have a difficult time, because they are required to look ‘busy’ from 9-5, regardless of how efficiently they use their time (for example, accomplishing their ‘real’ work in 1/4 of the time).

He explains in detail the difference between being effective and efficient- and that neither is important for an unimportant task- but extremely important for the tasks which bring you closer to your goals.

Ferris introduces us to the Pareto Principle, devised by Vilfredo Pareto, an Italian economist who died in 1923. Pareto called it the 80/20 principle- 80% of the wealth is owned by 20% of the people, 80% of results in life come from 20% of the actions. For the NR this means that 20% of their ‘work’ can produce 80% of their results.

We free up more time by applying this principle to the work we are doing. What 20% of our activities are producing 80% of the results? What can we eliminate? What can we focus on to increase productivity?

Ferris delves into the 9-5 myth. Society expects corporate employees to shuffle papers from 9-5, trying to look busy. There is no incentive to use time well.

Parkinson’s Law states that a task will swell in importance and complexity in relation to the time allotted for its completion. If you have 8 hours to work, you will find activities to do for those 8 hours. But if you were only given 2 hour, you would accomplish what was really necessary in the allotted time.

Here are some questions to help you eliminate the unnecessary:

1. If you had a heart attack and had to work only two hours per day, what would you do? What tasks are most important?

2. If you had a second heart attack and had to work only two hours per week, what would you do?

3. What are the top-three activities that I use to fill time to feel as though I’ve been productive?

4. Learn to ask, “If this is the only thing I accomplish today, will I be satisfied with my day?”

The Low-Information Diet: Cultivating Selective Ignorance

“It is important to learn to ignore or redirect all information and interruptions that are irrelevant, unimportant, or unactionable. Most are all three.”

Creating a low-input diet helps to increase output- which is necessary to create your ideal lifestyle. Most of the information we come across is not necessary for reaching our goals.

Most information is time-consuming, negative, irrelevant to your goals, and outside of your influence. The challenge is to look at everything you come across and see if it doesn’t fall into one of those categories.

How do you create a low-information diet?

1. Go on an immediate one-week media fast.

2. Develop the habit of asking yourself, “Will I definitely use this information for something immediate and important?”

3. Practice the art of nonfinishing that which is boring or unproductive.

Interrupting Interruption and the Art of Refusal

“Doing the important and ignoring the trivial is hard because so much of the world seems to conspire to force crap upon you. There are a few routine changes you can make to alter this.

Eliminate:

Time wasters- things that can be ignored with little or no consequence, such as meetings, discussions, phone calls, and emails that are unimportant.

Time Consumers- repetitive tasks such as reading and responding to email, making and returning phone calls, personal errands, etc.

Empowerment failures- instances where someone needs approval to make something small happen.

Time Wasters

-turn off the audible alert for your email

-only check email twice a day, and never in the morning, always after 12:00 noon

-use two telephone numbers, one urgent, one non-urgent. Check your voicemail only twice daily.

-get to the point when people do call, “I’m sorry, I only have five minutes, what do you need?”

-avoid all meetings that do not have a clear objective.

-direct contacts to this preferred order of communication: email, phone, then in-person meetings.

-respond to voicemail via email whenever possible.

-meetings should be held to make decisions about predefined situations, not to define the problem

Time Consumers

-batch tasks together where ever possible. Read and respond to email during ‘batched’ time, check voicemails, complete errands, etc.

Empowerment Failures

“The vision is really about empowering workers, giving them all the information about what’s going on so they can do a lot more than they’ve done in the past.” -Bill Gates

-give those you manage or who work for you more power to make decisions, thus creating fewer interruptions in your time.

-if you are an employee who is micro-managed, have a talk with your boss so that you can have more responsibility. (Ferris has good ideas of how to do this well in his book).

Summary: Learn to recognize and fight the interruption impulse.

Step III: A is for Automation

April 18, 2008 Posted by racheldenning | Current Reads, Financial | , , , , , | No Comments Yet

Step I- D is for Definition

To start at the beginning of this Book Review, click here.

Who are the New Rich (NR) and how do they compare to the rest of us (or what Tim Ferris calls (D) Deferrers).

The NR are less concerned with making a mountain of money and/or becoming millionaires (not that it is not a goal also), and are more concerned with the lifestyle of the rich, which can be achieved on less than a millionaire’s budget.

The currency of the NR is time and mobility. They are not interested in making money just for money’s sake, but only for the lifestyle that it can create.

D: To work for yourself.
NR: To have others work for you.
D: To retire young or early.
NR: To distribute mini-retirements throughout life on a regular basis so you can do what you love.
D: To buy all the things you want to have.
NR: To do all the things you want to do and be all the things you want to be.
D: To reach the big pay-off, whether IPO, acquisition, retirement, or other pot of gold.
NR: To think big but ensure payday comes every day: cash flow first, big payday second

Money increases usefulness when it is used to live life rather than to accumulate things. Under the definition of the New Rich, an 80-hour-a-week CEO making $500,000 a year could have a less fulfilling life than an employed NR who makes $40,000 per year put works 1/4 of the time.

Options- the ability to choose- is the real power. The NR are about changing the rules and creating a mobile world with time to do what they really enjoy-without sacrificing the cash.

Rules That Change the Rules

The NR live by new rules, some of which include:

1. Retirement is Worst-Case-Scenario Insurance: Retirement planning should be like life insurance, not the end goal.

3. Less Is Not Laziness: Doing less meaningless work, so that you can focus on things of greater personal importance, is NOT laziness. The NR avoid work for work sake. Focus on being productive instead of busy.

4. The Timing Is Never Right: The traffic lights will never be green at the same time. Conditions will never be perfect. “Someday” is a disease that will take your dreams to the grave with you.

8. Money Alone Is Not the Solution: “If only I had more money” is the easiest way to postpone the intense self-examination and decision-making necessary to create a life of enjoyment.

Dodging Bullets

Most people don’t do it. They don’t go after their dreams. Uncertainty and failure can be very scary. Most people choose unhappiness over uncertainty.

The way to overcome those fears is to first define what they are. One technique is to consider what the worst-case-scenario might be if you went for your dreams and everything fell apart on you-would you survive? Could you get through it? The answer most likely is, yes.

Here a a few more questions to get you past the fear paralysis. Once you’ve determined what the absolute worst thing is that could happen, ask yourself:

What steps could you take to repair the damage or get back on the upswing if it did happen?

What are the outcomes of more probable scenarios?

What are you putting off out of fear?

What is it costing you-financially, emotionally, and physically- to postpone action?

What are you waiting for?

System Reset: Become Unrealistic

Ninety-nine percent of the world believes that they are incapable of achieving great things, so they aim for the mediocre.

We hear it our entire lives-”Go to school, get a good job, don’t rock the boat, be realistic.”

Tim Ferris is asking us to get unrealistic. There is too much competition for “realistic” goals. Unrealistic goals require more enthusiasm and endurance to accomplish them, and there is usually more motivation- they payoff is bigger.

“What is the opposite of happiness? Sadness? No…the opposite of happiness is…boredom. Excitement is the more practical synonym for happiness, and it is precisely what you should strive to chase. It is the cure-all.”

It’s called falling your “passion” or your “bliss.”

“Life is too short to be small.” -Benjamin Disraeli

Dreamline-

1. What would you do if there were no way you could fail? If you were 10 times smarter than the rest of the world? If you had $100 million in the bank? What would make you most excited to wake up in the morning another day?

2. What are the four dreams that would change it all?

(Ferris provides a downloadable Dreamlining worksheet on his website-www.thefourhourworkweek.com-to help you decide your dreams and set a timeline with actions steps toward accomplishing them. It is available to those who purchase his book (audio or paper.)

Step II: E is for Elimination

April 18, 2008 Posted by racheldenning | Current Reads, Financial | , , , , , , , | 1 Comment

The Millionaire Maker

by Loral Langemeier

An excellent book. I read it in one day it was so good (I stayed up until 3:00 am to finish it). Written by a very successful entrepreneur, she takes a very practical approach to creating and managing wealth, getting out of your job and living the life you desire.

She is literally known by many people as The Millionaire Maker, because “she actually makes millionaires,” so says T. Harv Eker, author of the New York Times #1 bestseller, Secrets of the Millionaire Mind. Loral was also a featured expert in the bestselling The Secret. (I’ve read both and they are great.)

Her book is a series of case studies of people whom she helped to improve their financial situations, by recognizing where they were and where they wanted to go, then laying out the steps needed to get from here to there.

The studies vary so much, that there is sure to be a situation that is similar to yours, and you will then be able to imitate the steps to produce the same results in your life.

Chapter 1- The Wealth Cycle: Money in Motion

Chapter 2- The Gap Analysis: Mapping Your Way to Millions

Chapter 3- Sequencing: The Right Thing at the Right Time

Chapter 4- Direct Asset Allocation: Assets to Income, Income to Assets

Chapter 5- The Cash Machine: Learn to Earn

Chapter 6- Entities: Getting Your House in Order

Chapter 7- Forecasting: The Right Stuff in the Right Bucket

Chapter 8- WAPP: It’s All about Me

Chapter 9- Debt Management: Bad Debt Has Got to Go

Chapter 10- Your Financial Baseline: Walk the Beans

Chapter 11- Financial Freedom Day: See the Money

Chapter 12- Teamwork and Leadership: Team-Made Millions

Chapter 13- Conditioning: A New Conversation

Chapter 14- Teach Your Children: Doing it Differently for the Next Generation

Loral Langemeier also has these two follow up books, which are on my list To Read

April 17, 2008 Posted by racheldenning | Current Reads, Financial, To Read | , , , , , , , , , , , , , | 3 Comments