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Wealth Building Strategies

7 Rules for Building Wealth in Your 20s

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Posted by smartasset.com

on Thursday, 26 January 2017 07:46

Rules-to-Building-Wealth-in-20sWhen you’re in your 20s, it might seem like you have plenty of time to save and invest. But time is more fleeting than you think. Building wealth when you’re paying off student loan debt or starting a career isn’t easy, but it’ll be worth the effort later on. If you’re ready to buckle down and increase your net worth, here are seven things to do before you turn 30.

...read all 7 Rules HERE

 

....related:

6 wealth-building strategies of the rich anyone can use



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Wealth Building Strategies

Trump Turbulence and The 1% Solution

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Posted by Eamonn Percy - The Percy Group

on Monday, 23 January 2017 04:50

hangon2017 will be a year for the history books. Are you ready?

The main event will start on Friday, January 20th, when President-Elect Donald Trump is inaugurated as the 45th President of The United States of America. On that day, the status quo of the US political and economic landscape will end as the world enters a new era of Trump turbulence. Canada will not be immune. As usual, the prudent business owner, manager or entrepreneur expects the unexpected and will be fully prepared for the inevitable coming shocks (and opportunity).

In the early 1980s, when I was starting my own business career, there were similar dramatic political and economic changes. Canada was faced with an economic crisis as inflation peaked at 12% and interest rates at more than 21% in late 1981. With the economy stalled, it took several years of strong economic medicine, largely from south of the border, before economic growth took hold and prosperity returned.

Personally, I was struggling through this turbulence to stay afloat, establish my career and get traction. However, as the economy improved (along with my career) into the late 1980s, the 1990s and then the 2000s, I started to notice a persistent trend. The problems and turbulence never really stopped. There was always something: a dot-com meltdown, 9/11 terrorist attack, political turmoil or oil price crash. In business, as in my life, the problems kept coming. The only thing I could control was my response to the problems. 

With this realization, early on I started to adopt a philosophy of incremental improvement in order to adapt to the changing world, rather than being engulfed by it. Each day I would focus on being a bit better than the day before and adjust my approach to the circumstances directly in front of me. This would insulate me from the inevitable shocks. While I was occasionally buffeted and bruised, I was never wiped out. I always progressed forward. This strategy worked well as I built a very successful career in turning around companies and helping entrepreneurs launch and build new ones.



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Wealth Building Strategies

Investing legend Jim Rogers says dump stocks if Trump launches trade war

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Posted by Marketwatch

on Friday, 20 January 2017 13:30

MW-FE146 Trump  20170120122344 MGExpects dollar to continue to shine

A veteran investor, who has witnessed several crises over the past half-century, is worried.

“There is a lot of optimism,” said Jim Rogers, chairman of Rogers Holdings. “People are focusing on the good stuff when it comes to [Donald] Trump,” he said. 

But there is no telling what Trump will do once in office and that unknown bothers Rodgers the most.

“He very much wants a trade war. And if that happens, sell everything,” Rogers told MarketWatch. 

By everything, he means U.S. stocks, which rode Trump’s coattails to record levels following his November victory on euphoria over Trump’s promises to cut taxes, eliminate regulations and boost infrastructure spending.

....continue reading HERE

...related from Michael Campbell:

Donald's Impact On Canada

 



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Wealth Building Strategies

6 wealth-building strategies of the rich anyone can use

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Posted by Business Insider

on Tuesday, 17 January 2017 08:12

Screen Shot 2017-01-17 at 6.59.04 AMSeveral years ago, New York Times Wealth Matters columnist Paul Sullivan opened up his finances to a group of high-powered, high-net worth investors known as Tiger 21.

Members gather regularly to discuss investing strategies and at one meeting, Sullivan asked them to critique his own — relatively meager by their standards — financial life.

"Given what I do, I thought [my wife and I] had a handle on it, but what I learned from that meeting is that we hadn’t thought enough about the risks in life," Sullivan says.

Those risks include declining incomes and the unexpected death or disability of a household wage earner. As a result of that meeting, Sullivan and his wife took out life and disability insurance policies and sold off a condo in Florida that had been a vacation home for the family.  

"They were so direct and harsh about that being a possible drain, if we weren’t able to sell it if something bad happened. That was a wake-up call," Sullivan says.

The lessons he absorbed from that wealthy, exclusive group of over 300 members across the U.S. and Canada led Sullivan to write his new book, "The Thin Green Line: The Money Secrets of the Super Wealthy." The title refers to the security that can come from knowing you’re prepared for a negative event, like a layoff, no matter how much money you have or earn. "The people in the book who I call wealthy, whether they’re a teacher or a hedge fund manager, are wealthy because they have security. They have behaviors around money that let them be in control of their lives when something bad happens," he says. 

Those behaviors, Sullivan says, can be learned or even adopted later in life. As someone who grew up without much money, he says it took him a long time to have a healthy relationship with it. He would avoid credit card debt and overspending so assiduously that he often wore threadbare clothing and skipped even affordable purchases he would have enjoyed. "You should be able to spend money on things you enjoy. If you love $4 Starbucks lattes, then buy it," he says.  

If you're looking to adopt some secrets of the wealthy, Sullivan suggests the following strategies:

....continue reading HERE

...related:

Investing For Maximum Profits During A New US Presidency



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Wealth Building Strategies

6 Top Nanotechnology Uses

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Posted by Investing News Network

on Monday, 16 January 2017 08:09

Optimized-grapheneHere's an overview of six of the ways nanotechnology uses are making a big difference in our daily lives.

While there’s been plenty of focus on apps and cloud computing in the technology space, advances are also being made in hardware-focused sectors such as nanotechnology. Uses include everything from more efficient drug delivery systems to tiny transistors that allow for smaller and more powerful computer chips.

To be sure, the markets for nanotechnology products and nanotechnology uses are set to grow in the coming years. A report released this past December from Research and Markets states that nanotechnology “is a rapidly growing technology” and the global industry has been forecast to grow annually by 17 percent up to 2024.

Similarly, BCC Research has said that the global nanotechnology market was valued at $39.2 billion in 2016 and should grow at a CAGR of 18.2 percent, in order that the market will reach a believed $90.5 billion by 2021.

Still, for investors just starting to look at nanotechnology stocks, it can be difficult to know where to to begin, as nanotechnology uses are so varied. As a starting point, here’s an overview of six of the top areas in which nanotechnology uses are making a big difference today.

....Click below for description and stock recommendations: 

Materials & Coatings
Medicine
Food
Electronics
Energy applications
Water and air treatment

 

 

 

...continue for 



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