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Millionaire Money Habits

Currently browsing posts found in July2008


Seriously, Why Save Money?

» by Ryan July 30th, 2008 at 11:15 am » Comments (6)

You live, you work most of your life, and then you die. Morbid thought, I know, but if that’s how it is then why save money?
I know a lot of people, including close family, that have gone their entire life spending and never even stopping to think about saving. No retirement plan, no cushion in [...]



When in Doubt, Do the Opposite

» by Ryan July 28th, 2008 at 11:40 am » Comments (0)

It’s no argument that Warren Buffett is one of the greatest investors to ever live, if not the greatest. When Warren speaks, the entire financial and investment world listens. While many successful investors will go on to critique and disagree with his statements, more often than not he is right.
In short, it would be foolish [...]



Fighting the Car Gas Mileage Pain

» by Ryan July 26th, 2008 at 9:05 am » Comments (2)

High gas prices are here to stay, and Americans are finally realizing they need to do something about their car gas mileage pain. But the reality is that in the U.S. we’ve been pretty fortunate to have experienced low gas prices for so long.  The last major gas shortage was in the 70’s which many [...]



SlickMoney - How I’d Make $300 Cash or More in Just a Couple Hours

» by Ryan July 23rd, 2008 at 11:15 am » Comments (4)

I haven’t done this in quite a while, but here’s a video on how I used to make a quick few hundred dollars. I don’t see how this could fail if you do your research.
I never tried to make this more than just a little extra cash to help finance the start-up of other ventures. [...]



What’s Your Investment Strategy: Capital Preservation vs. Capital Growth

» by Ryan July 21st, 2008 at 11:15 am » Comments (1)

Investing without a strategy is like a Sunday driver without a map. You know have a vehicle that can take you places, so you get in and drive around with no destination, no direction and no concept of how long you will be driving before you run out of gas.
It’s important to look at your [...]



The Risks with High-Yield Investing

» by Ryan July 18th, 2008 at 11:15 am » Comments (1)

Wouldn’t it be great to have invested in Google when it was worth $100 and sold it at its recent $700 peak, or Hansen Natural when it was worth pennies and watch it climb all the way to $67.
There are countless stories of people who scored a big one and made themselves overnight millionaires, and [...]



Keeping Your Investment Costs Low

» by Ryan July 16th, 2008 at 11:15 am » Comments (0)

Not all investments are the same. Buying 10 shares of Microsoft through your online brokerage account is probably a lot cheaper than buying the same exact shares through an investment firm. The lower the investment costs, the more money you make. It is as simple as that.
There are two big reasons that the same exact [...]



12 Great Movies About Money

» by Ryan July 14th, 2008 at 11:15 am » Comments (3)

I’ve always enjoyed watching movies about money. Even though most of them are more about greed than actually building assets and making money, I still find them very motivating.
Here are 12 of my favorite movies about money. Ironically, most of these are also pretty violent movies.

Wall Street
Glengarry Glen Ross
The Sting
The Godfather
Trading Places
Indecent Proposal
American Gangster
Casino
There Will [...]



Unethical Practice in the Workplace

» by Ryan July 11th, 2008 at 11:15 am » Comments (0)

It’s absolutely amazing what companies get away with. Even with strict HR laws and Sarbanes Oxley, the behavior and decisions made by thousands of companies and millions of employees cannot be governed.
Managers can be verbally abusive, cross the personal/professional line, and make demands that just are not legal. Companies make decisions to roll out products [...]



6 Ways to Save Money on Accident

» by Ryan July 9th, 2008 at 11:15 am » Comments (0)

No matter how hard people try (or don’t bother trying) to save money, some people are just not programmed to be savers, and for good reason. We deserve to spend the money we work so hard for in order to enjoy the finer things in life.
But you can still do enjoy life without having to [...]



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