Greatest Guide to Financial Success Ever Written

The Richest Man in Babylon is a Bestselling Guide to Financial Success. It will teach you how to Save Money and Put it to Work to make more money for you.
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Inspirational Quote of the day

1/20/13- If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.- John D. Rockefeller (famous businessman)

For more inspiring quotes go to January's  Daily Inspirational Quotes http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

Inspirational Quote of the day

1/14/13- Do not fear mistakes. You will know failure. Continue to reach out.-Benjamin Franklin (famous politician)

For more inspiring quotes go to January's  Daily Inspirational Quotes http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

Inspirational Quote of the day

1/9/13- The successful man will profit from his mistakes and try again in a different way.- Dale Carnegie (famous writer)

For more inspiring quotes go to January's  Daily Inspirational Quotes http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

Inspirational Quote of the day

1/8/13- Most people give up just when they're about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown.- Ross Perot (famous businessman)

For more inspiring quotes go to January's  Daily Inspirational Quotes http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

The Dollar Report: U.S. Exports & Imports and How it's Affecting You

Export (v.) means to send (goods or services) to another country for sale.
Import (v.) means to bring (goods or services) into a country from abroad for sale.

The U.S. government has announced that throughout 2012 the United States imported more goods and services from foreign countries than it exported. The more goods and services we import the less we produce, not only throughout the U.S. but abroad as well. U.S. corporations are steadily sending jobs overseas to take advantage of the inexpensive labour prices offered by other countries. This causes the unemployment rate to rise here in the U.S. because more and more Americans are being laid off daily and many more are struggling to find employment. This is why I encourage you to learn as much as you can about the world of investing, so that you can create another source of income as an investor or entrepreneur, just in case the company you work for decides to shut down or reduce its labour forces here in the U.S. as well.

Edited by Reginald Forest

Related posts:
The Dollar Report: This is how the declining value of the U.S. dollar is affecting you

Financial Food for Thought (Good debt-vs-Bad debt)

Good debt is when money is borrowed to pay for something that has the potential to increase in value or produce short or long-term income. Taking out a loan to start a business, buy real estate, to invest in stocks, bonds, etc, or to pay for your education (which can increase your income as an employee) is consider to be good debt.
  Bad debt is when money is borrowed to purchase things that will immediately decrease in value, nor do those things have the potential to produce long or short-term income. Borrowing money to buy things such as cars, clothes, etc. which quickly loses its value is consider to be bad debt.
  The average person doesn't make enough money to buy everything with cash, which is why people borrow money. However, if you pay for things with cash instead of credit you can save yourself a lot of money. By paying with cash you avoid paying interest on borrowed money. If you are considering taking out a loan to buy something that has the potential to increase in value or produce income, research it carefully to determine whether or not the rewards are worth the risks and if you still think it's a good investment then go for it. Remember that even though an investment may appear to be a really great idea, sometimes even the best ideas don't always unfold as planned.
Edited by Reginald Forest

Inspirational Quote of the day

1/5/13- Don't let the fear of striking out hold you back.- Babe Ruth (famous athlete)

For more inspiring quotes go to http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

Inspirational Quote of the day

1/4/13- That some achieve great success, is proof to all that others can achieve it as well.- Abraham Lincoln ( famous president)

For more inspiring quotes go to
http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

401ks: Saving and Investing For Your Retirement

 
  A 401k is a retirement savings plan which allows you to put a percentage of your earned income into it before paying taxes. Your employer will normally contribute to your 401k by matching a percentage of whatever you put into it (that's free money). You can then invest this saving into different types of investments such as stock, bonds, and mutual funds. If you start saving for retirement early in life, you will increase your chances of having enough money to provide for yourself during your retirement years. Below is a list of pro and cons to help you decide whether or not investing in a 401k is right for you.
Pros
  - You can contribute up to $17,500 to your 401k annually if your 49 years old or younger, and up to $23,000 annually if your 50 or older
  - Your contributions nor your investment earnings will be taxed until you withdraw them from your 401k.
  - Most employers will match up to 6% of your yearly salary (that is free money).
  - In the event of a financial crisis or an emergency, you can borrow from your 401k without having to pay an early withdrawal fee.
Cons
  - When you begin withdrawing your money from your 401k, it will be taxed  plus you will have to pay a 10% penalty if you withdraw before age 59 1/2.
Edited by Reginald Forest

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Inspirational Quote of the day

1/3/13- There are no secrets to success. It is the result of preparation, hard work, and learning from failure.- Colin Powell . (Famous statesman)

For more inspiring quotes go to http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

Financial Food for Thought (Appreciation-vs-Depreciation)

In the investment world, Appreciation means an increase or rise in the value of property, goods, etc. Things such as stocks, real estate, precious metals (gold and silver), etc. will normally appreciate over time.
Depreciation means a decrease in value due to wear and tear, decay, decline in price, etc. Things such as clothes, cars, etc. tend to depreciate over time.
  Cars, clothes, and a lot of other things that depreciate over time are usually common necessities, because we need clothes to protect us from the weather and we need cars to get us and our families around town. However, if you only buy things that depreciate (decrease in value), you will probably never become financially free. Instead you should also buy things that increase in value overtime such as stocks, real estate, precious metals, etc. which could also eventually start to produce enough income to set you financially free someday.
Edited by Reginald Forest

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Financial Food for Thought (Efficiency)
Financial Food for Thought (Diversification)
Financial Food for Thought (Assets & Liabilities)
Financial Food for Thought (Good Debt-vs-Bad Debt)

Inspirational Quote of the day

1/2/13- In order to succeed, your desire for success should be greater than your fear of failure.- Bill Cosby(famous comedian/actor)

For more inspiring quotes go to http://thenewblueprint.blogspot.com/2013/01/january-daily-inspirational-quotes.html

January's Daily Inspirational Quotes

1/1/13- The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.- Vince Lombardi (famous coach)

1/2/13- In order to succeed, your desire for success should be greater than your fear of failure.- Bill Cosby(famous comedian/actor)

1/3/13- There are no secrets to success. It is the result of preparation, hard work, and learning from failure.- Colin Powell . (Famous statesman)

1/4/13- That some achieve great success, is proof to all that others can achieve it as well.- Abraham Lincoln ( famous president)

1/5/13- Don't let the fear of striking out hold you back.- Babe Ruth (famous athlete)

1/6/13- The dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price.- Vince Lombardi (famous coach)

1/7/13- I honestly think it is better to be a failure at something you love than to be a success at something you hate.- George Burns (famous comedian)

1/8/13- Winning isn't everything, it's the only thing.- Vince Lombardi (famous coach)

1/8/13- Most people give up just when they're about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown.- Ross Perot (famous businessman)

1/9/13- The successful man will profit from his mistakes and try again in a different way.- Dale Carnegie (famous writer)

1/10/13- Success seems to be largely a matter of hanging on after others have let go.- William Feather (famous author)

1/11/13- I can accept failure, everyone fails at something. But I can't accept not trying.- Michael Jordan (famous athlete)

1/12/13- Defeat is not the worst of failures. Not to have tried is the true failure.- George Edward Woodberry(famous critic)

1/13/13- Failure is simply the opportunity to begin again, this time more intelligently.- Henry Ford (famous businessman)

1/14/13- Do not fear mistakes. You will know failure. Continue to reach out.- Benjamin Franklin (famous politician)

1/15/13- A man can fail many times, but he isn't a failure until he begins to blame somebody else.- John Burroughs (famous author)

1/16/13- Before anything else, preparation is the key to success.- Alexander Graham Bell(famous inventor)

1/17/13- Don't aim for success if you want it; just do what you love and believe in, and it will come naturally.- David Frost (famous journalist)

1/18/13- Action is the foundational key to all success.- Pablo Picasso (famous artist)

1/19/13- Put your heart, mind, and soul into even your smallest acts. This is the secret of success. -Swami Sivananda (famous philosopher)

1/20/13- If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.- John D. Rockefeller (famous businessman)

1/21/13- Patience, persistence and perspiration make an unbeatable combination for success.- Napoleon Hill (famous author)

1/22/13- Many of life's failures are people who did not realize how close they were to success when they gave up.- Thomas A. Edison (famous inventor)

1/23/13- You are a product of your environment. So choose the environment that will best develop you toward your objective. Analyze your life in terms of its environment. Are the things around you helping you toward success - or are they holding you back?- W. Clement Stone(famous businessman)

1/24/13- Think like a queen (or king). A queen (or king) is not afraid to fail. Failure is another steppingstone to greatness.- Oprah Winfrey (famous entertainer)

1/25/13- One important key to success is self-confidence. An important key to self-confidence is preparation.- Arthur Ashe (famous athlete)

1/26/13- Perseverance is a great element of success. If you only knock long enough and loud enough at the gate, you are sure to wake up somebody.- Henry Wadsworth Longfellow (famous poet)

1/27/13- Success is achieved and maintained by those who try and keep trying.- W. Clement Stone (famous businessman)

1/28/13- You know you are on the road to success if you would do your job, and not be paid for it.- Oprah Winfrey (famous entertainer)

1/29/13- No man succeeds without a good woman behind him. Wife or mother, if it is both, he is twice blessed indeed.- Harold MacMillan (famous politician)

1/30/13- The biggest mistake people make in life is not trying to make a living at doing what they most enjoy.- Malcolm Forbes (famous publisher)

1/31/13- When what we are is what we want to be, that's happiness.- Malcolm Forbes (famous publisher