Technology Trade Online While Traveling 8:00 AM If you happen to travel globally and you have some time to spare, then you can use this time to trade. With a good phone that has access to the Internet, it is becoming easier every day for travelers like you to explore the world while doing some online trading. Successful Online trading, however, will vary with your skills and effort you put in acquiring the knowledge on how to trade in online markets. You may have heard of financial markets and trading, but you have no clue of how to take the first step to trading for yourself. First, you have to have immense knowledge about this field of online trading, and the easiest method to achieve this is through consultation with trading experts. Knowledge gives you power, but not so many people have the energy or ability to learn new subjects however much their new found knowledge may contribute in a huge way to their monetary benefits in years to come. If you need a part-time activity while you travel, then trading in financial markets can be a good thing to try. CMC Markets, for instance, offers online trading and investments platforms that provide benefits of buying/selling individual stocks and investing in online bonds known as mutual-bonds. However, if you so much wish to learn about online trading then continue reading but then don't forget you still need to have known some things about the finance industry, and most importantly you have to learn about precise trading expertise so as to control your risk. An accurate knowledge of core and specialized analysis of the financial markets give you an opportunity to create an organized trading plan for yourself, with a clear awareness of the trading psychology that will make you a successful trader. However, the easiest way to acquire knowledge is through advice and feedback from experts monitoring your trading performance. Trading in individual stocks either as a full-service broker or as a discount broker has many advantages as compared to investing in mutual funds. Individual stocks offer independence and the proficiency to determine how to vary and allow option strategies to shield your portfolio or increase overall returns. So as to build a strong portfolio, you need to do your research and hand-pick the stocks that relate to your investment objectives. By doing this, you are also able to reduce management fees and also expense ratios that ever present with the mutual fund industry. Spreading risk forms the basis for all successful investments. Acquiring a portfolio with 8 or more stocks enables one to maximize on the diversification while focusing on better stock movements. By purchasing stocks on an individual basis, the investor has the option of speculating the best time to sell a stock owned, to reduce risk or raise returns. With individual stocks, it becomes possible to adjust your portfolio accordingly. You can gradually purchase assets over a given period to minimize risk as rather than buying lump sums in the case of mutual funds. Wise investors can also gain passively through dividends from purchasing stocks in telecommunication companies, which tend to offer better returns while capitalizing on capital gains. Despite the freedom that comes with private trading wise traders should learn how not to over trade. Over trading can lead to a much formidable risk to a portfolio as compared to an unskillful stock selection. Undisciplined traders tend to ruin their portfolios by raising their costs, lowering their tax gains and failing to recognize the natural trend of the equity markets which consequently keeps their portfolio spiraling in the opposite direction and subjecting the traders to losses. For the big merchants, the bid-ask spread; should be narrow when trading for you are to remain profitable. Traders who purchase stocks to a significant volume are subject to more taxes than investors who buy their stocks and refrain from selling them for a period. For those seeking higher returns, they should consider slowing down the turnover, spending additional time doing research and developing wise strategies to boost their portfolio. Lastly, you can opt for a simpler approach which involves selling someone the right to purchase your stock in the future conceivably. This method allows a raise in the general return of the current portfolio while reducing the yield significantly in bad markets. This article was submitted by site supporter and may contain affiliate links. Hey, did you find this post helpful or entertaining? Please go ahead and share. Share buttons on the left and at the bottom of the article. Big thanks! Subscribe to About Life And Love by Email
Books Bo Sanchez's The Abundance Formula 5:15 AM You must get good at one of two things: Planting in the spring or begging in the fall. -Jim Rohn You'd think there's a magic formula behind abundance. Or a complex scheme. Turns out, it's really simple. I learned this from the book The Abundance Formula by Bo Sanchez. Just remember these 4 numbers: 100, 10, 20, 70. Earn 100% Give back 10% Invest 20% Spend 70% Understanding Your Spending HabitMoney is also about psychology and emotions. It’s hard to restrain from buying when you keep on justifying it, right? "It’s on sale.""I deserve this."You will never run out of excuses when you purchase something. And that's what usually stops you from living an abundant life.How Can I Be Abundant in Life? Financial abundance, as suggested in the book The Abundance Formula, is simple. 1. Earn 100%. Give your all in what you do because the universe will always pay you back for what you give. 2. Tithe 10%. Ask any successful businessmen - who are not religious, and they will tell you that giving back to the universe is a huge part of success. It’s the law of attraction, the law of reciprocity, the law of the harvest. When you give, you create a vacuum that the universe will fill up again. That’s just the way the universe works. Giphy 3. Invest 20%. There are many kinds of investments: paper assets, properties, and businesses. If you're no expert like me (math and I have a complicated relationship), do your research and see which investment suits your lifestyle best. Or join the Truly Rich Club. They give you financial - and spiritual advice. They tell you what companies to invest in, when to buy, or what to sell. (This post contains affiliate links, so we'd get a commission if you purchase through the links at no additional cost to you. Thank you!)VSGIF 4. Spend 70%. Spend what’s left after tithing and investing. Live only within or below your means, and you’ll never run out of cash again. Giphy What does it mean to live life abundantly? The meaning of abundant life is not confined to having more material things. Abundant life isn't about living in excess, it's about: Fulfilling your potential. Growing, learning, and using your gifts. Meaningful connections. Building deep, loving relationships. Gratitude and joy. Savoring the good, big and small. Purpose and contribution. Giving back, making a difference.The Secret to Living AbundantlyAbundance is a feeling, not a material possession. It's about richness of spirit, depth of connection, and the joy of living a life true to yourself. So, tune into your own symphony, play your unique notes, and create a life overflowing with abundance.What are the characteristics of abundant life?An abundant life isn't easily defined, as it has different meanings for different people. However, there are some common characteristics that tend to paint a picture of richness and fullness:Inner QualitiesPurpose and Meaning: A sense of direction and a guiding force that fuels passion and motivation. Joy and Gratitude: An appreciation for the good, big and small, leading to a deep sense of happiness and contentment. Resilience and Growth: The ability to bounce back from challenges and continuously learn and evolve. Peace and Calmness: An inner serenity allowing clear thinking and emotional stability. Love and Connection: Deep and meaningful relationships that provide support, belonging, and shared joy.External ManifestationsContribution and Impact: Making a positive difference in the world, however big or small. Health and Well-being: Physically and mentally thriving, feeling energized and able to pursue your passions. Creativity and Expression: Utilizing your talents and abilities to bring something unique to the world. Financial Security: Having enough resources to meet your needs and pursue your goals without undue stress. Adventure and Exploration: Stepping outside your comfort zone and embracing new experiences to broaden your horizons. What constitutes an abundant life will vary greatly from person to person, so focus on identifying what truly matters to you and cultivating those qualities and experiences that bring you meaning and joy.Remember, the characteristics of an abundant life are a guide, not a rulebook. Embrace the journey and create your own definition of a life lived to the fullest.Bo Sanchez's The Abundance Formula TakeawayAfter reading books on money management, attending seminars, and applying what I learned, I realized that the road to abundance may be long, meandering, and even lonely (not everyone is determined to get out of the rat race), but seeing your money grow is fulfilling.Because it's not about accumulating material things. It's being able to do what you like, give to those in need, and have a sense of freedom.Can you say you're living abundantly at the moment? What's your secret?
Quotes Money Doesn't Change You, It Only Magnifies Who You Really Are 7:51 PM Money doesn't change you, it only magnifies who you really are. It's not true that money changes people. Money has no control over your emotions. How you react to what is happening around you is your choice. Money problem is a psychological problem. Money will only reveal your true color. The selfish becomes more selfish and the generous becomes more generous with money. The kind becomes kinder and the cruel becomes more cruel. The happy becomes happier and the miserable becomes more miserable. Money can be your friend or your foe. Money is a tool. If used wisely, it can help you live a better life. If you don't know how to utilize it, money can destroy you. Money can be a good servant or a sadistic master. The choice really is in your hands. Two things define you: Your patience when you have nothing and your attitude when you have everything. -George Bernard Shaw Want more quotes? Follow About Life and Love on Instagram
Wealth and Money Simple Ways In Lessening Debt 2:53 PM Just as the rich rule the poor, so the borrower is servant to the lender. -Proverbs 22:7 Simple ways in lessening debt and eventually get out of it by Pesos and Sense. Pesos and Sense Hey, did you find this post helpful or entertaining? Please go ahead and share. Share buttons on the left and at the bottom of the article. Big thanks! Subscribe to About Life And Love by Email
Wealth and Money What Money Can't Buy 2:08 AM Money can buy a ring, but not love. Allow me to share this beautiful and insightful poem written by a 10-year old Daniel Olson. What Money Can't Buy Money can buy A job, but not accomplishment. A house, but not a home. A pet, but not a friend. Medicine, but not health. Decorations, but not happiness. A ring, but not love. A book, but not a story. An education, but not knowledge. Glasses, but not sight. Toys, but not fun. Clothes, but not beauty. A piano, but not a song. Paper and pencil, but not words. A bed, but not sleep. Food, but not a meal. A window, but not a view. Money is the car, but not the driver. Giphy Hey, did you find this post helpful or entertaining? Please go ahead and share. Share buttons on the left and at the bottom of the article. Big thanks! Subscribe to About Life And Love by Email
Faith Scriptures About Money 10:31 AM God knows we are creatures who have practical needs. He honors that need. -Bo Sanchez What does the scripture say about money? There are 2,350 verses in The Scriptures about money. That's more than the verses about heaven and hell put together. The Bible contains our basic instructions before leaving Earth. Every practical advice we need is written in the Scriptures. Money is not an exception. What does this mean? That God knows we are creatures who have earthly needs. When we're hungry, He knows we can't just pray for it to go away. We need to fill our stomach with food. God doesn't ignore or shy away with the idea of money and wealth. What does God want us to know about and put into practice when it comes to money? Scriptures about Money For the love of money is the root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. -Timothy 6:10 The rich rule over the poor, and the borrower is servant to the lender. -Proverbs 22:7 Go to the ant, sluggard; consider her ways and be wise; who having no guide, overseer, or ruler, provides her food in the summer and gathers her food in the harvest. -Proverbs 6:6-8 On the first day of every week each one of you is to put aside and save, as he may prosper, so that no collections be made when I come. -1 Corinthians 16:2 You shall not oppress your neighbor, nor rob him. The wages of a hired man are not to remain with you all night until morning. -Leviticus 19:13 (I wish our management is aware of this verse) Poor is he who works with a negligent hand, but the hand of the diligent makes rich. -Proverbs 10:4 Wealth obtained by fraud dwindles, but the one who gathers by labor increases it. -Proverbs 13:11 Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the LORD Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it.” -Malachi 3:10 The soul of the sluggard craves and gets nothing, but the soul of the diligent is made fat. -Proverbs 13:4 Rest in the Lord and wait patiently for Him; Do not fret because of him who prospers in his way... Better is the little of the righteous than the abundance of many wicked. -Psalms 37:7,16 Now my advice to you is to use 'money', tainted as it is, to make yourselves friends, so that when it comes to an end, they may welcome you into the houses of eternity. The man who is faithful in the little things will be faithful in the big things. So that if you are not fit to be trusted to deal with the wicked wealth of this world, who will trust you with true riches? -Luke 16:9-11 So you see, money per se is not evil. It is the love of money that drives people to do selfish and evil deeds. Money is a tool and a good servant. But if you're not careful, money becomes a sadistic master. Money has no brains. It can't think for itself. But you can. Don't let money govern your life and be your ruin. Let these scriptures about money guide you to the path of prosperity. After all, Jesus came that you may have life, and may have it abundantly. (John 10:10) See also: What Money Can't Buy The True Millionaire's Prayer
Wealth and Money The True Millionaire's Prayer 4:45 PM The ultimate purpose of wealth is to help others. -Bo Sanchez Many people want to be rich but not everyone's committed to be rich. There are many millionaires in the world but only a few are true millionaires. This is how their prayer goes: The True Millionaire's Prayer Hey, did you find this post helpful or entertaining? Please go ahead and share. Share buttons on the left and at the bottom of the article. Big thanks! Subscribe to About Life And Love by Email
Life Lessons Simple Wealthy Mindset For An Abundant Life 10:15 AM I believe money is important, money is freedom; money makes life more enjoyable. -T. Harv Eker Simple Wealthy Mindset For An Abundant Life Shifting to a simple wealthy mindset will give you an abundant life. If of course you couple it with hard work and dedication. But it all starts in the mind! Change your words, change your world. Winning The "Money" Game $ I am an excellent money manager. $ I always pay myself first. $ I put money into my financial freedom fund every day. $ My money works hard for me; makes me more money. $ I earn enough passive income to pay for my desired lifestyle. $ I am financially free, I work because I choose to, not because I have to. $ My part time business is managing, investing my money, creating passive income streams. $ I create my life, I create the exact amount of my financial success. $ I play the money game to win. My intention is to create wealth and abundance. $ I admire model rich successful people. $ I believe money is important, money is freedom; money makes life more enjoyable. $ I get rich doing what I love. $ I deserve to be rich because I add value to other people's lives. $ I am a generous giver; an excellent receiver. $ I am truly grateful for all the money I have now. $ Lucrative opportunities always come my way. $ My capacity to earn, hold and grow money expands day by day - T. Harv Eker Cheers to an abundant mindset and abundant life ahead! See also: The True Milloinaire's Prayer Hey, did you find this post helpful or entertaining? Please go ahead and share. Share buttons on the left and at the bottom of the article. Big thanks! Subscribe to About Life And Love by Email
