Listen Up ! Warren Buffett is talking...

There was a one hour interview on CNBC with Warren Buffet, the second
richest man who has donated $31 billion to charity. Here are some very
interesting aspects of his life:

1. He bought his first share at age 11 and he now regrets that he
started too late!

2. He bought a small farm at age 14 with savings from delivering
newspapers.

3. He still lives in the same small 3-bedroom house in mid-town Omaha ,
that he bought after he got married 50 years ago. He says that he has
everything he needs in that house. His house does not have a wall or a
fence.

4. He drives his own car everywhere and does not have a driver or
security people around him.

5. He never travels by private jet, although he owns the world's largest
private jet company.

6. His company, Berkshire Hathaway, owns 63 companies. He writes only
one letter each year to the CEOs of these companies, giving them goals
for the year. He never holds meetings or calls them on a regular basis.
He has given his CEO's only two rules.

Rule number 1: do not lose any of your share holder's money.
Rule number 2: Do not forget rule number 1.

7. He does not socialize with the high society crowd. His past time
after he gets home is to make himself some pop corn and watch Television.

8. Bill Gates, the world's richest man met him for the first time only 5
years ago. Bill Gates did not think he had anything in common with Warren
Buffet. So he had scheduled his meeting only for half hour. But when Gates
met him,the meeting lasted for ten hours and Bill Gates became a devotee of
Warren Buffet.

9. Warren Buffet does not carry a cell phone, nor has a computer on his
desk.

His advice to young people: "Stay away from credit cards and invest in
yourself and Remember:

A. Money doesn't create man but it is the man who created money.
B. Live your life as simple as you are.
C. Don't do what others say, just listen them, but do what you feel good.
D. Don't go on brand name; just wear those things in which u feel comfortable.
E. Don't waste your money on unnecessary things; just spend on them
who really in need rather.
F. After all it's your life then why give chance to others to rule our life."

Thanks Warren Buffet for his wise words on wealth creation.

To your success and happiness.

Pay Yourself First

While the concept of Pay Yourself First is probably not new to most of you already familiar with personal finance basic but it remains one of the most important financial habits to be financially independent.
The idea of pay yourself first is paramount in the minds of rich people. It is fundamental to their lives. Each month before spending the first dollar of your pay-check, pay yourself first. If possible, automate the Pay Yourself First process such as direct-deposit deductions that you could arrange with your bank. Once you have built up sufficient savings you could use the savings to fund your investment activities that will provide you with stream of passive income.

In his book Automatic Millionaire David Bach shows us a system that is powerfully simple, and automatically effective, a life-changing system that delivers. Do it once, the rest is automatic. The book begins with the powerful story of an average American couple whose joint income never exceeds $55,000 a year, yet who somehow manage to own two homes debt-free, put two kids through college, and retire at 55 with more than $1 million in savings. Through their story we learn that to get rich we need to have a plan to pay yourself first that is totally automatic, a plan that will automatically secure your future and pay for your present.

If pay yourself first is such simple and easy why can't everyone get rich? The reasons I believe are boiled down to three Ds. Discipline, Dedication and Desire. Many people are living on 105% of their gross income and have nothing left over with which to pay themselves. They want to wait another day to start saving and the other day never come. Thus, instead of paying themselves first, they pay everyone else first. The lack of discipline to save need to be addressed first and it starts from you. Dedication referring to the willpower to ensure the success your financial freedom plan, to ignore the occasionally criticism and to overcome any obstacles along the road to financial freedom. And the Desire to be financially free must be strong. Think of few compelling reasons why you believe the road to financial freedom is worth doing and important to you and your family. This will keep you going and never give up.

The idea of being financially free is to be one day do not need to worry of money, to do what we always like to do, to work only when we are pleased.

The simple first step to achieve this is to pay yourself first. Do it now.

To your success and happiness.

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Get all you need on Financial Freedom books here...

Stop worrying and start making money from Internet

Hi,

The past weeks I had been busy setting up my another money making machine, a web site that selling all the beautiful gifts from Precious Moments and German Smoking Men (don't get me wrong I am not promoting smoking habit, go to my site now at Gift is Love to find out more). The thing is that I am rushing to launch this online gift store to be in time for the big annual shopping season for the coming festive holidays (the Thanksgiving Day and Christmas).
I could not stop smiling by imaging the online shoppers rushing to Gift is Love and grab whatever gifts they could find in my online store. I can hear my cash register "Cha-Ching! Cha-Ching!" non-stop.

The beauty is that this online store cost me $0, Yes, zero cost! do you believe it? My cost is only my time and the desire to generate another stream of Passive Income. I am a step closer to be financially free!

Let's do the math together. If you have a money making web site that providing you with $5 of daily Passive Income, 10 sites will be $50 per day. How about 50 sites, how much will you be earning per day, per month? You see the big picture? Let me calculate for you... that will be $250 per day and $7,500 per month of Passive Income!. Wow ! not bad. You could quit your day time job now and get out of the rat race. You have actually nothing to lose given that the business risk is zero and the cost of running an Internet business is relatively low. Compare with the traditional brick-and-mortar business, Internet business is simply wonderful.

Are you excited now? If the reality of earning good money from Internet do not excite you, please turn off your computer and go to sleep now. But, if you come with an open mind and willing to learn then I could show you some basic Internet money making tips to get started.

Ready? Let's go.

The pre-requisite of setting up an online store :

(1) An Internet connection, a computer and yes, an email account
(2) A web site and a domain name (I will show you where to get them free)
(3) Knowledge of how to use a computer mouse ( as you need to do a lots of cut & paste activities)
(4) No age limit as long as you know how to read and write
(5) Creativity (optional, a plus if you have)
(6) One or two bank accounts to start receiving fund from your on-line businesses.

Sound easy? Now the real things :

What to sell on-line? For a start I would suggest you begin with promoting other people products and earn commission for every confirmed sale made through you. It's easy and you
could see fast results that will motivate you to do more. I know you may be wondering where on earth could you find ideas or products to setup 50 money making online stores. Not to worry, the truth is in the world of Internet there are more products for you to promote and sell than you could possible handle. Amazon.com says they sell "millions" of different products, why not start from there. Sign up the Amazon online affiliate program now, it's free and easy to join (the commission rate is between 4%-8.5%). Another free affiliate network you could go to is Click Bank which offers higher commission rate of up to 75%. Your job is to find the products you understand and love, these are easier to sell. If you have a passion for photography, there's a natural business for you to sell photography products.

Where could I setup the online store? You would need an "office" address for the potential customers to find your store, for the Internet is called domain name (or URL). You
also need a Web Host (that's in layman term a building that housed the store).
The good thing is that you could register a domain name and get a web host free from the Internet.
Go to Bravenet to get a free easy to use website and the web hosting free! Alternatively, if you would like to promote your products via blogging then Google's blogger is a good place to start.
Get yourself familiarize with the web tools and you are all set. Once you are more confident on Internet Marketing you may upgrade to a paid web host which will provide you with better tools and supports for your business to grow.I recommend,

Get ready your online store and start your business. Once you have signed up the affiliate programme and selected the products you interested to sell ( you would need to cut and paste the affiliate link code to your web), one last step is to write a compelling sales copy on your web. Just sticking pictures of products with brief descriptions is not enough to persuade people to open their wallets. You need to tell a good story that why you think your products are the best and people need to get one.

That's all you need to start a basis Internet business through Affiliate Program. You will need time to explore and try new things, so you have to be patient to get results. My own experience is that I found Internet Marketing both fun and rewarding. It allows me to exercise my creativity mind, learn the skill of doing business and at the same time providing me with another stream of Passive Income.

Nothing better than reading the success story of Rosalind Gardner.

Have faith and give it a try and you will find gold mines in the Internet.

To your success and happiness.

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