But how is this all possible? With more tools and resources easily available, younger generations are able to INVEST their money.

A common misconception is that you have to be some affluent party who could afford a fancy financial adviser. Well, at least in 2008, that couldn’t be further away from the truth. Anybody with any amount of money can easily and cheaply invest, and you don’t have to be some old rich person to do it.

6 Rules or Ideas to Consider When Beginning to Invest:

1. Don’t Wait for Tomorrow

“There will probably be better opportunities tomorrow.” I can’t tell you how many times I have heard that line. Whether it is about stocks or some sort of deal, people often get nervous when they are about to spend larger than ordinary money. Although it is a understandable reaction, the reality is that tomorrow EVERYBODY gets older. Theoretically, the older we get the less time we have, which means the less money we could make.

Forget what you may have heard in the past. It is not an easy task to perfectly time the market. If you really think you can guess exactly when the right time to invest is, then don’t you think you would have a little bit more money than you currently do?

If you keep waiting for the future, then you miss the present.

2. Think Long-Term

Rule number two actually helps us get over the first rule. When investing it is key to remember the long-term. Just because we are in a horrible market right now, that doesn’t mean we will be in one 3, 5, or 10 years from now.

In the long-term the general rule is that value will rise. So if we want to invest in some stocks, then right now couldn’t be any better. Many stocks have gotten beat over the last couple of months. Although some may continue to head downwards over the next couple of months, the long term could prove to be much different.

That being said there is no need to check investments everyday. Check them monthly or quarterly.

3. Automation

With all the technology, it is really easy to set-up automatic transfers to different accounts; however, automation has more to do with your head.

Sure you can set-up a percentage of your paycheck to go here and there, but the goal is to make sure YOU stay alert of your spending and investments. Do you really need this or that? Just because you have some savings and investment accounts set-up that doesn’t mean you an go on spending all the other money.

Every time you are about to buy something your brain should automatically wonder if it is really worth it.

4. Put a Lever on Risk

INVESTING DOES NOT HAVE TO BE RISKY. Contrary to what you may think, investing is not risky. In fact, it is probably more risky not to invest.

Investing can come through many different types: saving accounts, CD’s, bonds, stocks, real estate. The list could really could on. Depending on your own personal risk tolerance, every investor can find something that suits them.

5. Getting Started is the Hardest Part

The hardest part of investing is getting started. Convincing yourself to set away some time and officially open some accounts and transfer some money is where many people shy away from investing.

Lets face it. It is easier to say “I’ll do it later” than “I’ll do it now.”

We all have stuff we would rather do, but remember to think long-term. What will you do 10, 20, 50 years from now when you are not in the same great health and you still have to work because you didn’t take the time so many decades back?

6. You Won’t Make Millions Tomorrow

Unless you are 1 out of billion, you most likely aren’t going to hit the jackpot tomorrow. Each and everyday you may not gain anything to get excited about, but eventually it all adds up.

On the other hand, if you didn’t invest anything the problems will begin to add up soon enough.

Which side do you want to be on?

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It seems as I get older each year, my interest and curiosity rises when it comes to money. How can I get tons of it? How can I get a lot of money, while doing something I enjoy? How can I get it doing the least amount of work?

Although all the above questions can’t always be fulfilled together, it is a code that most everybody is trying to crack.

How much do your neighbors really make?

In most neighborhoods, the majority of the homes, condos, or whatever range somewhere in the same price field. Does that make it safe to say that all citizens of that neighborhood make the same amount of money?

Everybody has different spending and saving habits: some save too much and others save too little. If you live an area with expensive house, then you probably expect your neighbors to be making somewhere around the same money as you.

But what about those, just scraping to get by? How about those, that have more money than you could ever dream?

For all you know, the family down the street, with 4 nice cars, a pool, and great landscaping, might be living beyond their means, while your other neighbor next door has no pool, 2 average cars, and bland landscaping, yet they might be the richest household on the block.

Unless you are really close with those specific neighbors, you really never know how much one makes or how great their current financial status really is.

What do your neighbors really do?

In this age of technology and ability to constantly communicate with somebody regardless of where you are, the opportunities for everybody is endless. No longer are you required to be a doctor, lawyer, or some certified individual to make money. Many are even fortunate to make enough money working from home.

Whenever I happened to be driving through my neighborhood area during the day, I always notice many out in their yards. On the other hand, I also notice those that have to start heading to work at 5 am and don’t come back till 7 at night.

With so many different possibilities, who knows what somebody really does for a living. If you are not happy with your situation, ask around and maybe you will be surprised with how many other options you really have.

So do you really know whats up with your neighbors’ financial situation?

If someone knows of a site that shows some of this data per neighborhood, than let me know!

]]> http://thewildinvestor.com/how-much-do-your-neighbors-really-make/feed/ http://thewildinvestor.com/how-to-make-5-million/ http://thewildinvestor.com/how-to-make-5-million/#comments Sun, 17 Aug 2008 05:09:16 +0000 TheWild1 http://thewildinvestor.com/?p=1004 What if I could tell you a real easy and unique way to make a cool $5 million? Well it is pretty simple…

…become Michael Phelps.

Times Have Changed.

If you have paid any attention to the 08 Olympics, then you probably already know about the domination of Michael Phelps. It seems that as each year goes on athletes from all sports are beginning to make more money. In the past, many of these Olympians were required to do some other job in order to make a living, but that doesn’t seem to be the case anymore.

How Much Can They Make?

But just how much can an athlete that basically becomes important only every 4 years really make? We are in a world of “what have you done for me lately?” People tend to forget things real quick, so for most of these athletes, they are required to take quick action to capture sponsors.

According to Reuters.com, United States swimmer, Michael Phelps, has raked in about $5 million in endorsements since the 04 Olympics. With his recent success, it is estimated to surge into another $10 - $15 million range. How many other swimmers that bring in over $1 million is probably slim to none.

How Long Can it Last?

Phelps is currently 24 years old, by the ‘12 Olympics he will be 28, which is basically an old man when it comes to these competition, so it is safe to say the best is behind him now. Phelps has even stated that would be his last Olympics.

At 28 years old, Phelps will have collected around $20 million, with most of his life still to go. What does one do with all that money, and how does one manage to keep himself afloat (no pun intended… maybe) for so much life left to live? Like many athletes, I’m sure he doesn’t want to fall into bankruptcy.

The answer is quite simple really. Phelps needs to follow The Wild Investor, and if he needs to then you do to. So get with the program.

So you really want to know how YOU make $5 million?

Have a baby, put them in some sort of Olympic development program, and hope he/see dominates the competition.

Below is a video about Phelps and the ATM that is his body [VIDEO ENCLOSED].

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Starting up in D.C. gas was around $4.00 as I head towards Southern Virgina prices stayed around $3.79. Once I started through North Carolina, prices suddenly started to get lower and lower averaging out around $3.60. The big semi-shock was in South Carolina. I saw prices as low as $3.42! The average remained around $3.50.

That is abut a $400 difference I pay for living elsewhere, then again the cost of living is much different.

Here is a great chart I came across the other day that shows the change in prices over the last seven years or so.

Hey, i had to do something to pass through the 8 hour trip.

]]> http://thewildinvestor.com/where-to-get-gas-for-342-cents/feed/ http://thewildinvestor.com/guest-post-great-results-and-more/ http://thewildinvestor.com/guest-post-great-results-and-more/#comments Thu, 07 Aug 2008 15:09:25 +0000 TheWild1 http://thewildinvestor.com/?p=920 First off, I wanted to let you guys know about a guest article I wrote over at MarketClub Trader’s Blog. It covers a step-by-step method on how to create your own manual scan to find stocks to invest in. Make sure to give it a look.

INO Produces Great Returns and has Proof

I have been pushing INO and their services for some time now, and I have good reason for it. Their “triangle trading” seems to be producing some great numbers and they have a video to prove it.

The short two minute video details their trading success rate, return numbers, and some of their great trade results. I believe it was somewhere around 300%. Not too bad I guess.

Check the video out for free, over at INO.

Tradecision is Still Kicking

You may or may not already know about my partnership with Tradecision. TWI readers receive a 15% discount when purchasing through our specially designed landing page. For a limited time, they will also throw in their NeatScan Market Scanner for free with a purchase of Tradecision. Looks like a pretty good deal.

Here are just some of the few things you can accomplish through Tradecision:

• Developing and testing trading systems that are based on neural networks and technical indicators
• Strategy back-testing using Simulation Manager and a customizable language
• Charting with easy-to-use drawing tools
• Analyzing price data by using indicators and analytical studies
• Using genetic algorithms for fast and efficient trading system optimization
• Forecasting market moves and turning points
• Following market quotes in real time in Quote Window
• Using Direct Trade Execution mode for Automated trading.

You can learn more about the program by taking a look at their PDF Brochure. There is a 30 day money back guarantee, so give Tradecision a try today.

Lets keep making money. Me more than you,
theWild1

Apparently the United States has gotten so bad that now professional athletes are heading to Europe to bank. Many bench players in the NBA are now being seduced to come take their talent to Europe where they would be stars.

Example One

Former Atlanta Hawks, Josh Childress, left the team to play for a European club willing to pay him 3 years $33 million. For those that don’t know, Childress was the first player off the bench for the Hawks (sixth man). If he re-signed with the Hawks he would probably be making somewhere between $4 - $5 million per year. Now he is making $11 million! This compares to the same amount of money or more as many of the starters in the NBA, such as Baron Davis.

These European clubs also offer time for these players to shine, some tax luxuries, and even give the players options to break out of the contract at the end of any year if they want to come back to the NBA. As the European economy continues to stay strong they will continue to draw some of our best athletes over there.

Example Two

Besides just paying more for these bench players, Europeans teams are also stealing away our prospective talent. About two years ago, the NBA mandated that all high schoolers must go through one year of college or developmental training before entering the NBA, through an age limit rule.

Loopholes are now being found by high schoolers where they leave to play in Europe for that one year. Besides getting a year of experience under their belt, they are also getting paid better than rookies in the NBA and the college students of course.

Example Three

Even women basketball players are making multiple times more money in Europe than they do in the U.S. Some are even making 10 times more money in Europe.

Is this Just the Beginning

Sure there may just be a handful of bench players leaving to go to Europe; however, could this be the beginning of higher acquisitions? Kobe Bryant has said he would be willing to leaving for 2 years $100 million. If the MLS was able to bribe David Beckham over here for 5 years $250 million, then who is to say Europe couldn’t do the same.

This may just be limited to basketball. Soccer as always paid Europeans better and football is not very popular in other places, but no longer is it the single goal of athletes to play in the United States’ pro-sport leagues. Now many of them are just looking for the paycheck in Europe.

The Bigger Picture

There used to be a time when the United States was the best at most everything. Now, with every day, it seems like we are just getting worse and worse or everybody else is getting better and better.

What do you think?

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Whereas some people tend to shy away from payday loans because of their somewhat high rates and sometimes shady tones, there are other ways to get quick cash or bad credit loans.

Like I said previously one of the most popular methods for cash advances are payday loans. Essentially they are short-term loans intended to get the borrower through whatever payments need to be made until their next payday, hence the name.

One of the problems that push potential borrowers away from payday loans are usually their high rates, especially if you are late on payments. These lenders are repeatedly accused of specifically targeting young and poor individuals whom are more likely to default on loans yet continue business.

So where can you go if you really need some extra cash?

ThinkCash is a short term, personal loan company which lends amounts from $250 to $2,500 for emergency times like when the bills have to be paid or to avoid a bounced check.

At ThinkCash, the application can be filled out online and the money wired by the next business day.

ThinkCash is different than a Payday Loan or Cash Advance Company because ThinkCash rates are typically 25 – 75% lower than payday loans. Their convenient payment options are the real benefit as unlike Payday loans, ThinkCash loans can be paid in several installments - or pay off completely at any time - with no penalties. It’s your choice.

With ThinkCash everything can be done online and installment loans can be of an option, and just like payday loans the perfect credit score is not needed.

Although these short-term loans are mainly used for emergency purpose, if used correctly they could also help increase your credit score. With lower rates, ThinkCash helps avoid many of the risk that may pop up with your typical payday loans.

Short-term loans are also positive ways to eliminate some or all of the debt you may have; however, it is important to make sure that you will be able to pay back the short-term loan. Many times people forget that these quick cash advances are not free money. In fact, if you don’t pay it off, then it may seem even worse than defaulting on a loan from your bank (percentage wise).

It is important to check what regulations your state and/or country are imposing on these short-term loans before taking any actions.

What is your definition of being successful with relation to your monetary value?

In my group of friends, we truly have a pretty diverse bunch of aspirations and how we plan to reach them (it will be interesting to see if they know who they are if they are reading this):

• The guy dedicated to living on crumbs and crackers for the next decade of his life, so he can finally bank on becoming a doctor.
• The people that don’t mind the typical 9-5 job, and stay close to what their parents did to become successful enough to live in a good size house and not worry about day to day finances.
• The confused and somewhat misguided that are still trying to find their passion or purpose, while stuck in pointless and dead-end positions.
• The kid who wants to be filthy rich and powerful, but can’t seem to stop partying.
• The entrepreneurs looking to do whatever it takes to make money on their own terms.

The one common goal is to be able to have money, but the difference are how we are all willing to get it, how much do we really want, and how long do we want to wait?

So again, What is your definition of being successful with relation to your monetary value?

Are you satisfied with working a normal 9-5 job as long as you have money to afford a good house and some other things? Do you want to make so much money that you can literally buy anything you want? Maybe you don’t even care about the money. Are you more interested in just finding something you are really passionate about and pursuing it?

I personally have another friend who is willing to spend two years of his life, in the Peace Corps, aiding those less fortunate around the world. As selfish as it may sound, I just couldn’t even see myself doing that, and I know I am not the only one; however, money is not everybody’s driving desire.

So how do you define success with relation to your monetary value? Do your friends and/or family feel the same way. Do you see a wide variety of different ways to meet the same goals?

It is really interesting to see so many different methods among people with so much in common to reach a somewhat common goal.

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What would you do if spent tons of money on buying a house on the coast, and then one day you were told that suddenly your house is worth nothing.

You can’t borrow or do anything with it. Its worthing NOTHING.

That is what is happening in England. Many people who had bought properties along the coast are now finding out that there houses have no value.

Who is to blame?

The residents say that they were told the country would hold the coastline, while the government says they can’t protect the entire coast because it is too big.

Apparently the area is already losing one house per year, so it seemed like a risk to begin with.

Could this ever seriously happen in the U.S.?

Watch the full video on CNN.

Before looking at the images, you would think that the places where gas prices are the highest would be hurt the most. Imagine my surprise…

Gas Prices

Percent of Income Spent on Gas

As you can clearly see California has some of the highest prices in the U.S., but the state is dressed in shades of purple when it comes to percent of income spent. In the D.C area where I’m at, I’ve seen prices go up up, but apparently it doesn’t really matter compared to other parts of the country. The charts are basically inverse of each other.

When I think about it though, it all seems pretty reasonable.

Washington D.C., California, and New York make more income than much of the rural areas that plague the central part of the U.S.

The central part of the country has less population, income, and wealth. Combine all this together and we have solved our mystery.

I would be really interested in a graphic that shows how much percent of income was being spent on gas just 5 or so years ago. Somebody make sure to leave a comment, email me, or something if you know where something like that is.

Did these images surprise you?

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