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Contents:
Money Myths Of The Poor
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Ezine Article:
Money Myths Of The Poor By Abel Cheng.
From tender age, we were exposed to myths about money
and myths of being rich. Be it from our parents, brothers,
sisters, relatives, or friends. The myths that we have
determine our financial well being in our adult lives. I call
them myths because they are not true. Or, at least they are
not giving you the complete picture. We can't blame our
parents for the myths in us. They already gave us the best
they could. And don't forget that times change. Things were
true then may not be true today. If you want to move ahead
financially, you have to be aware of the myths that you have
about wealth and money. And do not let the myths stop you
from living a wealthy life. Money Myth 1: Work hard and
you'll be rich. Many of us think that by having a job with a big
company would ensure that we're on the path to financial
freedom. With so many layoff announcements, we might be
out of job anytime. I'm not saying that you'd be one of them
but the fact is there is no job that is guaranteed. Recently,
my friend was laid off in less than a month in his new job.
Having a job is merely helping you to cope with daily
expenses, providing you shelter, food and clothing. Do not be
misled that a job or your employer will turn you into a rich and
wealthy person. No one cares more than you about your
wealth. Money Myth 2: Saving is good. When I was small, I
was told by my mother that I must learn to save. I thank my
mother for inculcating the habit of saving in me. The habit of
saving helps me to develop discipline. Many people think that
when they save enough, one fine day they'll be rich. But is
saving alone enough to make you wealthy? I came to realize
that if I only depend on my savings to get rich, I'd have to wait
for a long time. That's the problem with savings, it takes a
long time for you to get rich. Saving alone is not enough. You
have to learn to invest your money in other investment
vehicles to grow your money faster. Money Myth 3: Debt is
evil. The other common myth about money is debt is bad.
Did your parents ever tell you that borrowing was bad? Mine
did. Not all debt is bad, actually. It depends on how you
spend your loans that you're getting. If you take a credit card
loan to buy a flat plasma TV, it's a bad debt. On the other
hand, if you take loans to start a business or invest in real
estate, the debt is good. If debt is bad, can you imagine
what would happen to companies if they are not allowed to
take loans from the banks? As a general rule, if you use
debts to buy things that increase in value over time, they are
good debts. You must know whether the debt you're taking is
good or bad. Money Myth 4: You need money to make
money. When I ask my friends what's stopping them from
starting their own business, the common answer is "I don't
have money. And it takes money to make money." I do agree
that it takes money to make money. But does it really to be
your own money? Everybody has limited resources when it
comes to achieving our financial goals. I do not expect you to
have everything when you plan to build your own business.
You might need financial backing, manpower, expertise, or a
coach to guide you. If you lack resources in any areas, find
the resources. Someone else will definitely have it. It does
take money to make money, but you can use OPM - other
people's money. Money Myth 5: Investing is risky. Many
think that investing is risky because they lack education in
investing. Investing itself is not risky if you know how to
control the risks. Most of us invest based on a tip from a
friend or broker without doing our own research. When you
lose money, you say that investing is risky. And you tell
yourself that you'll never invest again. To be frank, everything
we do has a risk in it. Learn to manage risks by educating
yourself. You can educate yourself by attending seminars,
reading books, or even from the Internet. Money Myth 6:
Wealth reflects in material possessions. Material
possessions reflect your level of wealth. This is a misleading
measurement. Someone who is driving a Porsche might not
be rich and he might highly in debt. Wealth does not reflect
in material possessions. Wealth is a state of mind. Wealth is
how fast you can become rich if you're stripped of everything.
As Henry Ford once said after he was asked what he would
do if he lost all his fortunes, "I'll become a millionaire again
within five years." We possess one or more of the above
myths, consciously or unconsciously. But what is more
important is to be aware of the myths and replace the myths
with facts. By doing this will tremendously improve your
financial well being. Abel Cheng offers small and medium
enterprises exclusive global profits insider tips in his free
publication, Abel Cheng's Business Diary. To officiate a bi-
weekly subscription, please go to
http://www.abelcheng.com/diary.html And get personal email
coaching. Article Source: http://EzineArticles.com/.
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Discover the Secrets and Possible Solutions To Money Problems
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Ezine Article: Discover the Secrets and Possible Solutions
To Money Problems By Fernando Soave.
It is sometimes pitful how many projects are never born or die
simply because of the flimsy excuse : We dont have enough
money ! There are many possible solutions to money
problems. When a practical, inspirational, exceptional idea
raise from your mind, dont ask the question : How much will
it cost ? untill the conceptis fully discussed, considered and
examined. First ask opportunity spotting questions like : 1.
Is this a neeed filling idea ? 2. Would it be a great idea for
the society ? If it appears that the idea would fill a need or
solve a problem or create opportunities or contribute to growth
or bring about fruitfull improvements, then ask the question :
How can I raise the needed funds ? If the idea meets all the
tests and you want it to be launched, you will be able to find
a way to finance your dream. Here are 10 secrets to solve
your money problems : 1. You can begin with nothing.
Dreams cost nothing. Do you have a dream ? Are you facing
money problems ? Then remember this : All great projects
begin with a dream. Projects can be started without a single
cent. If you have a need filling, glorifying, inspiring,
imaginative idea, share it with trusting, positive thinkers and
you will at least give your dream a chance to come alive. The
most valuable product in the world is an idea and good ideas
magneticaly attract support from unexpected sources. 2.
You can do a lot with a little. You can organize a corporation
with very little. It doesnt cost too much to have letterheads
and calling cards printed. So you can begin almost anything
for very little cash. A little bit of money can go a long way to
get a project on the road. If there is a corporation or
organisation dedicated to the fulfillment of a proctical and
beautiful dream, you can be sure that the human instinct to
preserve a positive idea will surely move the project forward.
When dedicated leaders invest teir best time, energy and
money in a project, they inspire other investors to come their
way. Investors are attracted to imaginative, daring and honest
leaders. A young man or woman with big dreams and a little
money, putting all that he has into his idea, will find support
coming from th ekinds of people who can lead him or here to
success. 3. You can earn more money than you think you
can. Money should not stop you, for there is more money
floating around than you realize. Just because you dont have
it doesnt mean you cant get it. You are bearers of good
news, fo you tell people about some wonderful product,
service or opportunity people might never have heard about.
Many custumors will listen , love what they see and buy
enthousiasticly and thank you for taking their money away in
exchange for something they joyfully purchase. You make
people happy when you help them spend their money. The
profit motive is a good motive if you look upon money as a
means of improving your society, your family, your church or
your own mind and body. The love of money is the root of evil
only if money becomes an end in itself instead of a means to
greater service. So, get all the money you need. The man
who gets the money is the man who believes that he can. 4.
You can build your fortune on borrowed money. There are
millions of dollars waiting to be loaned out to worthy
enterprises and to responsible and would be businessmen or
woman. All money acquired in the banks and savings and
loan institutions must be invested. If you cant borrow from
commercial institutions, you can often borrow from private
individuals. Somehow, some way, you can borrow money to
get started. And remember that debt is not necessarly a
disgrace. Often debt is material evidence of a mans courage
and confidence. Just consider all the possible benefits that
accrue when a responsible and honest person goes into debt.
Often you may never succeed unless you hav faith enough to
dare to go out and borrow money. 5. You must understand
what real debt really is. What, after all, is debt ? When you
borrow money for food or the light bill or the water bill, you are
spending money that is gone forever. This is a real debt.
When you want to borrow money to buy a car or a house
then you are not going into debt; you are going into the
investment business. If you cant pay off your house loan,
you can sell the house, pay the debt and any money you
may have left is your return from your investment. Then you
have a profit from you investment. 6. You will attract money
when you fill a vital need. It always pays to serve. Improve
and expand your business and people will come, income will
automaticaly increase and principal indebtedness will very
naturally take care of itself. Provide unsurpassed service and
you can be a success. It is not a disgrace to borrow money
ot provide a needed service. It is a disgrace not to give a good
idea a chance to be born. 7. You can get the money if you
dare to ask for it. The Bible says : Ask and you will receive.
You have not because you ask not. Jesus Christ said :
Ask and you shall receive, seek and you shall find, knock
and it shall be opened to you. Be positive , have a
constructive cause. Let it be creative and inspiring and people
will be attracted. Sell a wonderfull new idea. Offer people an
exciting opportunity to share in building something wonderful.
Every person wants to be creative, important and useful. The
need to be needed is one of the deepest hungers in the
human heart and everyone want to spend his money. Give
people a dynamic program and they will love to give to it. 8.
You can harness the pyramiding power of time. Let time
solve your money problems. Harness the calender and let it
harvest the crop of money that is raised each year from the
fertile fields of free enterprise. Its quite possible that money
is not your problem after all. Your problem may be a lack of
patience. So learn how to harness time to let time make
money for you. 9. Make God your partner. This is the key
which may unlock your door to success. This does not mean
that if you team up with God, you will naturally be rich. But it
is true that if you do enter into a sacred agreement to make
God your partner, you will receive insights, inspirations, bright
ideas and courage to move ahead when and as you should.
10. You can start over again. If you have suffered financial
failure remember this : Fear is more disgraceful than failure.
It is a greater disgrace not to dare to try again than it is to try
and fail. Read the story of most millionaires and you will find
that many have been bankrupt at least once. Dont let that old
cry : We dont have enough money !, keep you from
accomplishing worthwhile projects. There will be a way.
When you need an expert, hire one. Dont try to be one. ©
2003 Fernando Soave CEO CUTTING EDGE MLM
http://www.cuttingedgemlm.tk Free Cutting Edge MLM
Newsletter. Fernando Soave is the author of "Cutting Edge
MLM News." He has been in marketing for 20 years and is
helping individuals succeed online. Visit his site to find out
how you can get free reports. http://www.cuttingedgemlm.tk
or Subscribe to the Free Cutting Edge MLM Newsletter and
receive your +$585 MLM Value Pack.
http://www.cuttingedgemlm.tk
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The Predicament of the Newly Rich
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Ezine Article:
The Predicament of the Newly Rich By Sam Vaknin, Ph.D.
They are the object of thinly disguised envy. They are the raw
materials of vulgar jokes and the targets of popular
aggression. They are the Newly Rich. Perhaps they should
be dealt with more appropriately within the academic
discipline of psychology, but then economics in a branch of
psychology. To many, they represent a psychopathology or a
sociopathology. The Newly Rich are not a new phenomenon.
Every generation has them. They are the upstarts, those who
seek to undermine the existing elite, to replace it and,
ultimately to join it. Indeed, the Newly Rich can be classified
in accordance with their relations with the well-entrenched
Old Rich. Every society has its veteran, venerable and
aristocratic social classes. In most cases, there was a strong
correlation between wealth and social standing. Until the
beginning of this century, only property owners could vote and
thus participate in the political process. The land gentry
secured military and political positions for its off spring, no
matter how ill equipped they were to deal with the
responsibilities thrust upon them. The privileged access and
the insiders mentality ("old boys network" to use a famous
British expression) made sure that economic benefits were
not spread evenly. This skewed distribution, in turn, served to
perpetuate the advantages of the ruling classes. Only when
wealth was detached from the land, was this solidarity
broken. Land being a scarce, non-reproducible resource
fostered a scarce, non-reproducible social elite. Money, on
the other hand, could be multiplied, replicated, redistributed,
reshuffled, made and lost. It was democratic in the truest
sense of a word, otherwise worn thin. With meritocracy in the
ascendance, aristocracy was in descent. People made
money because they were clever, daring, fortunate, visionary
but not because they were born to the right family or
married into one. Money, the greatest of social equalizers,
wedded the old elite. Blood mixed and social classes were
thus blurred. The aristocracy of capital (and, later, of
entrepreneurship) to which anyone with the right
qualifications could belong trounced the aristocracy of blood
and heritage. For some, this was a sad moment. For others,
a triumphant one. The New Rich chose one of three paths:
subversion, revolution and emulation. All three modes of
reaction were the results of envy, a sense of inferiority and
rage at being discriminated against and humiliated. Some
New Rich chose to undermine the existing order. This was
perceived by them to be an inevitable, gradual, slow and
"historically sanctioned" process. The transfer of wealth (and
the power associated with it) from one elite to another
constituted the subversive element. The ideological shift (to
meritocracy and democracy or to mass- democracy as y
Gasset would have put it) served to justify the historical
process and put it in context. The successes of the new elite,
as a class, and of its members, individually, served to prove
the "justice" behind the tectonic shift. Social institutions and
mores were adapted to reflect the preferences, inclinations,
values, goals and worldview of the new elite. This approach
infinitesimal, graduated, cautious, all accommodating but
also inexorable and all pervasive characterizes Capitalism.
The Capitalist Religion, with its temples (shopping malls and
banks), clergy (bankers, financiers, bureaucrats) and rituals
was created by the New Rich. It had multiple aims: to bestow
some divine or historic importance and meaning upon
processes which might have otherwise been perceived as
chaotic or threatening. To serve as an ideology in the
Althusserian sense (hiding the discordant, the disagreeable
and the ugly while accentuating the concordant, conformist
and appealing). To provide a historical process framework, to
prevent feelings of aimlessness and vacuity, to motivate its
adherents and to perpetuate itself and so on. The second
type of New Rich (also known as "Nomenclature" in certain
regions of the world) chose to violently and irreversibly uproot
and then eradicate the old elite. This was usually done by
use of brute force coated with a thin layer of incongruent
ideology. The aim was to immediately inherit the wealth and
power accumulated by generations of elitist rule. There was a
declared intention of an egalitarian redistribution of wealth and
assets. But reality was different: a small group the new elite
scooped up most of the spoils. It amounted to a surgical
replacement of one hermetic elite by another. Nothing
changed, just the personal identities. A curious dichotomy
has formed between the part of the ideology, which dealt with
the historical process and the other part, which elucidated
the methods to be employed to facilitate the transfer of wealth
and its redistribution. While the first was deterministic, long-
term and irreversible (and, therefore, not very pragmatic) the
second was an almost undisguised recipe for pillage and
looting of other people' property. Communism and the
Eastern European (and, to a lesser extent, the Central
European) versions of Socialism suffered from this inherent
poisonous seed of deceit. So did Fascism. It is no wonder
that these two sister ideologies fought it out in the first half of
the twentieth century. Both prescribed the unabashed,
unmitigated, unrestrained, forced transfer of wealth from one
elite to another. The proletariat enjoyed almost none of the
loot. The third way was that of emulation. The Newly Rich,
who chose to adopt it, tried to assimilate the worldview, the
values and the behaviour patterns of their predecessors. They
walked the same, talked the same, clad themselves in the
same fashion, bought the same status symbols, ate the
same food. In general, they looked as pale imitations of the
real thing. In the process, they became more catholic than
the Pope, more Old Rich than the Old Rich. They
exaggerated gestures and mannerisms, they transformed
refined and delicate art to kitsch, their speech became
hyperbole, their social associations dictated by ridiculously
rigid codes of propriety and conduct. As in similar
psychological situations, patricide and matricide followed.
The Newly Rich rebelled against what they perceived to be
the tyranny of a dying class. They butchered their objects of
emulation sometimes, physically. Realizing their inability to
be what they always aspired to be, the Newly Rich switched
from frustration and permanent humiliation to aggression,
violence and abuse. These new converts turned against the
founders of their newly found religion with the rage and
conviction reserved to true but disappointed believers.
Regardless of the method of inheritance adopted by the New
Rich, all of them share some common characteristics.
Psychologists know that money is a love substitute. People
accumulate it as a way to compensate themselves for past
hurts and deficiencies. They attach great emotional
significance to the amount and availability of their money.
They regress: they play with toys (fancy cars, watches,
laptops). They fight over property, territory and privileges in a
Jungian archetypal manner. Perhaps this is the most
important lesson of all: the New Rich are children, aspiring to
become adults. Having been deprived of love and possessions
in their childhood they turn to money and to what it can buy
as a (albeit poor because never fulfilling) substitute. And as
children are they can be cruel, insensitive, unable to delay
the satisfaction of their urges and desires. In many countries
(the emerging markets) they are the only capitalists to be
found. There, they spun off a malignant, pathological, form of
crony capitalism. As time passes, these immature New Rich
will become tomorrow's Old Rich and a new class will
emerge, the New Rich of the future. This is the only hope
however inadequate and meagre that developing countries
have. About The Author Sam Vaknin is the author of
"Malignant Self Love - Narcissism Revisited" and "After the
Rain - How the West Lost the East". He is a columnist in
"Central Europe Review", United Press International (UPI) and
ebookweb.org and the editor of mental health and Central
East Europe categories in The Open Directory, Suite101 and
searcheurope.com. Until recently, he served as the Economic
Advisor to the Government of Macedonia. His web site:
http://samvak.tripod.com Article Source:
http://EzineArticles.com/
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Ezine Article:
Want Money? You Got It! By Miami Phillips.
Six out of six people who were asked to list their highest
priority in life said, "I want money". Maybe not in those exact
words, but that was the gist of the request. Understand, when
you ask the Universe for something the Universe must help
provide it. All six of these people are getting exactly what
they asked for. They are 'wanting money'. None of us really
needs money. This is a fallacy. We have all we need; shelter,
food and clothing. Most of us have much more than the basic
necessities for life because we enjoy nice houses, fine cars,
eat out every now and then, and extras like computers,
music, books, trips and many other things. Do you realize
most people want money no matter how much income they
have? Someone making $100,000 a year wants money just
as much (or more) than someone making $30,000. Isn't that
fascinating? We must realize it is not the money we want,
but the stuff money can buy. Look closely at the stuff to be
absolutely sure of the reasons it is wanted. This is the rule:
Be who you are. Do what you love. Have what you need. Be,
Do, Have. Most of the world, and especially in America, has
this rule backwards. Most Do something, to Have stuff, to Be
somebody. So many people are working a job, called making
a living, by default instead of by passion. Some begin work in
a field early in life and stay for 30 or 40 years because they
are familiar with it. Some enter a family business because
they are expected to and never follow their own path. Others
enter a career expecting a high income. Most do not Do what
they love. How do you know? Ask this: Are you making a
living or making a life? How is your stress level? Do you
consider it a job or do you love to begin? Answers to these
questions will provide clues for you. We take the income
from these jobs and buy stuff: newer cars, bigger houses,
more toys. Many are bought on credit, and we mortgage
away our lives. Why? Because it is the way we are raised.
We are bombarded with marketing all our lives to act in this
way. We want to impress our friends. (I got a heck of a deal
on a new car!) (Want to go for a spin in the new boat?) All
this stuff ends up in yard sales, consignment shops, back
yards and trash dumps. Life is good though, because with all
this stuff we can now Be somebody. We live in that
neighborhood, drive that car, have membership in that club,
and wear those clothes. Now we are good enough to Be with
those people. See? It is backwards. We Do, Have, Be
instead of Be, Do, Have . What is wrong with this? It leads to
a never ending, ...
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