Don’t hit the panic button!

March 11, 2015 by
Image courtesy of Stuart Miles from freedigitalphotos.net

Image courtesy of Stuart Miles from freedigitalphotos.net

The stock market goes up and down.  You can bet on it.  Kind of.  When you have made a trading plan that takes into account your risk tolerance, stick with it.

It can become difficult when the market is not going in the direction that benefits you but a well constructed trading plan should be carried out.  Trust your instincts from when you were in the planning stage, not the emotional state the market can put you in.

For an additional article on the importance of following your plan, click here for Don’t Lose The Trade Before You Enter It.

Please share your experience when you stayed with your trading plan when you began to panic.

Filed Under: Stock Market Tagged With: , , , , , , ,

Search the field

March 9, 2015 by
Image courtesy of imagerymajestic from freedigitalphotos.net

Image courtesy of imagerymajestic from freedigitalphotos.net

What career are you in search of? What area do you want to work in? What is the potential income in the career field in your target area?

How can you find answers to these important questions? Click the follow link to find the US Department of Labor’s Bureau of Labor Statistics website.

These are all very important questions that need to be answered for your long term financial success. What if your chosen field in your target area wouldn’t support your family’s life style? Please seek the answers, BEFORE you make that life altering decision. Take a few minutes and search the field, you will be glad you did.

Please share a high paying career field and the location in the comment field.  Thank you!

Filed Under: Career Development Tagged With: , , , , , ,

Too many toys?

March 6, 2015 by
Image courtesy of Rawich from freedigitalphotos.net

Image courtesy of Rawich from freedigitalphotos.net

In order to live financially free, discipline is essential to control “toy” purchases until you can afford them. We consider “toys” to be any vehicle you own. That would be your cars, boats, snowmobiles, motorcycles, etc. The total value of ALL vehicles should be less than 40% of your annual household gross income. So a household with a $50,000 gross income should only have $20,000 worth of vehicles at the most. By keeping these depreciating assets at a reasonable level you will have more to invest in appreciating assets, bringing you closer to the financial freedom goal!

Please comment and share all your favorite toys!

Filed Under: Money Management Tagged With: , , , , , , , ,

One of the most important tools for your business…

March 5, 2015 by
Image4 courtesy of Stuart Miles at freedigitalphotos.net

Image4 courtesy of Stuart Miles at freedigitalphotos.net

Where does everyone look to find a business for what they need? The phone book? Not any more…it is the INTERNET! If you don’t have a website, you don’t stand a chance at staying competitive in the market place.

Join our webinar tonight at 7:30pm when Beau Esby, CEO of www.TheIdeaGarage.com will discuss her business of creating and maintaining one of your most valuable assets in business, your website. If you haven’t signed up yet, click here to receive a link to join the discussion. Don’t miss it!

Is your website important to your business?  If so, click the like button.

Filed Under: Business Boost Tagged With: , , ,

Looking back to go forward

March 4, 2015 by
Image courtesy of renjith krishnan from freedigitalphotos.net

Image courtesy of renjith krishnan from freedigitalphotos.net

History tends to repeat itself. So when you develop your stock trading plan it is imperative you “back test” your plan to see how it would have performed in the past. It should be tested in both bullish (increasing) or bearish (decreasing) markets to determine the plan’s performance. Back testing can display the risk you are taking with your money. Once you have a solid plan, you can change one rule at a time to see if you can improve performance. But remember you have to back test the changed plan in all different types of markets, all over again. It is a great way to “dial in” your plan by attempting to lower your risk and increase your rewards.

Click like if you have a trading plan.

Filed Under: Stock Market Tagged With: , , , , ,

You need others to be successful

March 3, 2015 by
Image courtesy of podpad from freedigitalphotos.net

Image courtesy of podpad from freedigitalphotos.net

Be sure to carefully build your real estate investment team.  You will need to work with others to be successful.  Find professional, capable people in the following categories:  Real Estate Attorney, Title company, Real Estate Broker, Mortgage Broker, Hard Money Lender, Private Lenders, Clean out crew, Demolition crew, Insurance agent, Property Management, Plumber, Electrician, and Construction companies.

Generally speaking the old adage, “You get what you pay for” can apply.  Be very careful in selecting your team by make sure they are professional and capable.  One good way would be to ask successful real estate investors who they use.  In many cases your team can make or break your deal.  Choose carefully…

Filed Under: Real Estate Tagged With: , , , ,

Dress for success

March 2, 2015 by
Image2 courtesy of imagerymajestic from freedigitalphotos.net

Image2 courtesy of imagerymajestic from freedigitalphotos.net

Are you looking for a promotion?  Are you dressing for the position you want or the position you have?  Think about it.  It will be much easier for your boss to picture you in a higher position if you are already dressed for it.  It might mean a little extra time on the ironing board or more elbow grease to polish those shoes.  Also carefully look at the person who has a job you would like to have.  Do they typically wear a suit or dress slacks and a top?  Dress similarly  and you are on your way!

What are some of the best shopping spots for business attire you have found?  Please comment.

Filed Under: Career Development Tagged With: , , , , ,

Grow tax FREE?

February 27, 2015 by
Image3 Courtesy of Stuart Miles from freedigitalphotos.net

Image3 Courtesy of Stuart Miles from freedigitalphotos.net

A ROTH IRA allows tax free growth of your after tax contribution. It is quite a deal! If you are married, you can open one for yourself and one for your spouse then make the maximum contribution to each.  It is as easy as opening a bank account. But it is just a holder for your money, you will need to pick a method to get your tax FREE growth! You can invest in lots of different ways, like money market accounts, stocks, bonds, real estate or mutual funds. Really whatever way you are comfortable with. If you are interested in trying out stock options, check out  www.lockeinyoursuccess.com or contact us regarding questions on real estate investing. This one is sure to set you up to succeed in your future with contributions to a ROTH IRA!

Click like if you are contributing to a ROTH IRA this year!

Filed Under: Money Management, Real Estate, Stock Market Tagged With: , , , , , ,

Want to sell to the government?

February 26, 2015 by
Image2 courtesy of Ambro from freedigitalphotos.net

Image2 courtesy of Ambro from freedigitalphotos.net

To help businesses cut through the confusing world of government contracts PTAP is there.  PTAP stands for Procurement Technical Assistance Program and is FREE in every state to provide direct services to business.  They provide workshops and seminars on a wide range of government contracting topics.  Want to get connected to other small businesses and agency officials who might need what your business has to offer?  PTAP can help.  They even provide one-on-one counseling tailored to your business’s needs.  Did I say all of this is FREE?  Why yes it is check it out!

Please comment and share your experiences with PTAP.

Filed Under: Business Boost Tagged With: , , , , , , , ,

What type are you?

February 25, 2015 by
Image courtesy of nongpimmy from freedigitalphotos.net

Image courtesy of nongpimmy from freedigitalphotos.net

Stock traders typically fall into two broad types. Most traders start out as a discretionary trader, mostly relying on a combination of intuition and knowledge to discover high-probability trades. A discretionary trader will follow a trading plan but really goes with their gut on whether or not to place the trade.

The other type of trader is a systems trader. A systems trader will set up absolute rules to follow and will follow them. This type of trading can lend itself to some trade automation by following “if, then” rules. With this type of trading there is no “gut” feeling it is all driven by rules.

Which type of trader are you? Please comment.

Filed Under: Stock Market Tagged With: , , , ,