Tuesday, May 12, 2015

Financial Knowledge: Reasons Why You Are Not Rich Yet - Anthony Jeanty

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Reasons You're Not Rich!!!
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As a financial service consultant, as an investor myself, as Realtor in the South Florida area, as an insurance representative, as a former mortgage professional, I have spent many years helping other people overcome financial stumbling blocks so they can become financial independent, or becoming properly protected with good insurance plans.

This Blog Prepared And Present By Anthony Jeanty, the web master of: knowledgefinancial.com, the manager of: visionaire business center - visionairebiz and also the CEO of: Knowledge Financial Group, The Vision Of Today For A BetterTomorrow!!
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Being "rich" can mean different things to different people, but I believe it means having the financial freedom to achieve your goals and live the life.

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Regardless of our upbringing, education, profession or lifestyle, most of us are not where we want to be financially and our reasons are probably more similar than different.
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The good news is that it is never too late to become rich if you, like me, are ready to own up to the reasons you’re not and do something about it.

Want to know why you aren’t rich yet? Keep reading our blogs and always visit our site: knowledgefinancial.com.
 

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Shopping, buying, spending... Stuff you really don’t need, it still adds up fast. But the shopping high only lasts until the guilt and regret set in or the credit card bill arrives.
Most of us are guilty of living beyond our means and using credit cards more than we should.

The problem is that as long as we continue to spend more than we have, we can’t start building wealth. Chronic overspending and high-interest, revolving credit card debt are your worst enemies when it comes to financial success..

STOP SINKING YOUR OWN BOAT

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Many people assume they aren't rich because they don't earn enough money. If I only earned a little more, I could save and invest better, they say.

The problem with that theory is they were probably making exactly the same argument before their last several raises. Becoming a millionaire has less to do with how much you make, it's how you treat money in your daily life.
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Motivational, Inspirational, videos: Find what you need in our growing audio video library. New videos added regularly.

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The list of reasons you may not be rich doesn't end at just a few things.. Like:

Not investing money, not owning a business, not paying yourself first, not having an emergency fund, having bad habits, not having goals, not being prepared, trying to make a quick buck, relying on others to handle your money, investing in things you don't understand, being financially afraid and ignoring your finances, spending like you're already rich, not having a game plan, not having a sense of urgency etc.

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Knowledge Financial Group is saying that: The secret of making money is working and making investments.

Also the secret of wealth is found in the commerce...

[Le secret de la bourgoisie se trouve dans le commerce]

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SOLUTIONS:

You feel entitlement: If you believe you deserve to live a certain lifestyle, have certain things and spend a certain amount before you have earned to live that way, you will have to borrow money. That large chunk of debt will keep you from building wealth.

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DIVERSIFICATIONS
You lack diversification: There is a reason one of the oldest pieces of financial advice is to not keep all your eggs in a single basket. Having a diversified investment portfolio makes it much less likely that wealth will suddenly evaporate,disappear.

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PROCRASTINATION
You started too late: The magic of compound interest works best over long periods of time. If you find you're always saying there will be time to save and invest in a couple more years, you'll wake up one day to find retirement is just around the corner and there is still nothing in your retirement account.
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Has Excellent, Effective, Passionate HYPERLINK "http://knowledgefinancial.blogspot.com/"& Caring Staff With Innovative Mind To Bring You The Most UP To Date Info at the time When you need it... Just Ask Us What Need To Know??
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REAL ESTATE
You don't invest in real estate, you chose to rent instead of buying. Renting is paying somebody else mortgages and when you no longer living in that place, what do you have for that money you were paying for so long? Perhaps nothing, nada, zero.

Imagine if you are the owner of a property live in it for five, ten, fifteen, or even twenty years and after you've decided you don't want to live there anymore. you can sell that property having money coming to you or you can rent it still having money coming to you.
Think about income producing property, commercial real estate; there are no better investments than real estate.

Real Estate is always the best investment in all time. People will always need a place to live or to do business. Ask for advice about real estate investments in south Florida by contacting Anthony Jeanty which is an expert in the field, a professional who really knows real estate.

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ENTREPRENEURSHIP
Have passion for what you're doing, Create your own field...
You don't do what you enjoy: While your job doesn't necessarily need to be your dream job, you need to enjoy it. If you choose a job you don't like just for the money, you'll likely spend all that extra cash trying to relieve the stress of doing work you hate.

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Financial Education - Financial Knowledge
You don't like to learn: You may have assumed that once you graduated from college, there was no need to study or learn. That attitude might be enough to get you your first job or keep you employed. But it will never make you rich.

A willingness to learn to improve your career, improve your financial knowledge everyday and that will increase your finances as well.

A good financial education, financial knowledge at Knowledge Financial Group at knowledgefinancial.com are essential if you want to eventually become wealthy.
We at Knowledge Financial Group; We're delighted to bring very helpful information for everyone who's interested...
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Too Much Frivolous Spending
You buy things you don't use: Take a look around your house, in the closets, basement, attic and garage and see if there are a lot of things you haven't used in the past year.

If there are, chances are that all those things you purchased were wasted money that could have been used to increase your net worth.
Incredible wealth of information; Anyone regardless of experience you can take advantage...
We at knowledgefinancial.com we're here to help from the beginning to the end of it... With up to the minute knowledge.


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Trying to Keep Up with Your Friends
Whether you have friends who recently graduated or others who have been out of college for a few years, you are likely making different salaries. Keeping up with your friends who are making considerably more than you can quickly deplete your funds, which can be devastating to your bank account.

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Not Setting a Budget
Setting a budget offers the best way to keep your money in check. This is especially important for new college graduates who are likely enjoying a larger paycheck than they ever received before. As you set a budget, allocate funds to your expenses as well as savings. Know what's coming in and how much, and what's going out and how much...

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Living Outside of Your Means
Because you now have a full-time job, it may feel like you deserve to purchase luxury items that you have been dreaming about throughout your life. However, this can lead you to live outside of your means, spending more money than you take in. Just like when you create a budget, developing a spending plan to make it possible to purchase these items in the future will save your wallet.
Compound Interest: Powerful Tools To Help You Create A Joyful, Peaceful & Opulence Lifestyle. The Law - The Power - The secret! The Path To Financial Freedom By knowledge Financial Group - knowledgefinancial.com
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Skipping Loan Repayment and Forgiveness Programs
Student loans kick in about six months after graduation. During that time, research different loan repayment and forgiveness programs to see how you can save money on your repayment options. Planning ahead will ultimately help you save a great deal of money.

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Relying on Credit Cards
Credit cards may seem like a quick budget fix, but paying off what you borrow can take much longer than you intend. They often come with high interest rates and may even have annual fees. If you do have to use a credit card, look for those that have low interest rates and rewards programs. Remember that credit cards offering with low APR or Zero APR have a catch.. Usually missing one payment, or been late one time on any other debts can cause your APR Changed authomatically going high, even higer than the sky. Meaning that an affordable card can possibly become unaffordable.
Prosperity, Wealth And Abundance / How To Become Wealthy And Live Abundance Life. https://www.facebook.com/moneymakinghow

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Not Having a Rainy-Day Fund
A rainy-day fund will give you the money you need when something unexpected comes up, like a car repair or a large bill due to a medical issue. Because this funds emergency needs, many people skip it. However, it can help you reduce your reliance on credit cards in the future, putting you in a better financial state. Paying Bank Fees ...
How to make money? MONEYMAKINGHOW: Is The URL For Money Making Network Organization. Like Moneymakinghow on facebook, Follow us on twitter, connect with us on linkedin, check us out on wordpress, visit moneymakinghow webpage at: www.knowledgefinancial.com/moneymakinghow

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If you recognize some of the things you do on the list, you know what you need to work on if you want to build your wealth
Financial Academy School The Institute Of Finance And Financial Literacy. I believe this is a fantastic blog that readers should check it out. It is interesting. Financial Academy School The Institute Of Finance And Financial Literacy… READ MORE.. http://financialacademyschool.blogspot.com/

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Becoming Wealthy

Becoming wealthy has very little to do with how much money we make, and everything to do with how we treat that money..
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In reality, it is probably not just one of the above bad habits that has kept you from becoming a millionaire, but a combination of a few of them.

Take a hard look at the list, and do some reflecting. If you want to be a millionaire, it’s well within your power, but you’ll have to face the issues that are currently keeping you from creating that wealth before you will have a chance to call yourself one.
Fem Konsa And Financial Academy School merged to bring you the best of everything on the web about financial education and literacy.. www.facebook.com/femkonsa

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Monday, May 11, 2015

The Ten Commandments of Investment Strategies At Knowledge Financial Group - Antony Jeanty

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The 10  Commandments of Investment Strategy
1st Investment Strategy Commandment: Thou Shalt Not Gamble

“Expectancy” is what separates investors from gamblers. If you follow hunches, guess, take tips, or “play the market,” then you are a gambler — not an investor.. Knowledge Financial Group - Knowledgefinanca.com

Expectancy literally determines the compound growth of your wealth. It’s an inviolable mathematical rule whether you use it to your advantage or not.
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2nd Investment Strategy Commandment: Thou Shalt Forsaketh the Advice of False Prophets 
Financial forecasts are little more than entertainment, and should never be part of your investment strategy.
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3rd Investment Strategy Commandment: Thou Shalt Do Thy Due Diligence
Only invest in what you understand.
If you don’t understand it, then don’t invest. One of the best ways to expand your investment knowledge is through the due diligence process. Knowledge Financial Group - Knowledgefinancial.com  
Your first task in due diligence is to determine the mathematical expectation for the investment strategy so that you add only investments that increase the expectation of your portfolio. Understanding expectation includes understanding the source of returns and the assumptions underlying the persistence of returns in the future (see Commandment #1).

Your second task in due diligence is to determine the correlation of the investment strategy so that you can build a portfolio of uncorrelated risk profiles to minimize overall portfolio risk (see Commandment #5).

Your third task in due diligence is to understand what risk management strategies will apply to the investment so that you can accurately assess your risk/reward ratio 

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4th Investment Strategy Commandment: Thou Shalt Compound Returns
Albert Einstein declared compound growth the eighth wonder of the world … and for good reason. Knowledge Financial Group - Knowledgefinancial.com  
 Compound growth is how the average person can attain extraordinary wealth.
 It’s how lots of little things done right can grow into very big results during your lifetime.

To put compound growth to work for you requires just four actions:

    Begin investing now (not next month or next year). Procrastination is the number one wealth killer. Every day wasted is another day that compound returns won’t work for you.
    Invest only in known, positive mathematical expectancy investment strategies. Never risk capital on unknown or negative expectancy investments.
    Reinvest all profits from your portfolio. Don’t spend the profits from your portfolio until after your passive income exceeds your expenses.
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5th Investment Strategy Commandment: Thou Shalt Diversify, But Not Di-Worse-ify:
Never place all thy eggs in one basket. Similarly, never spread thy eggs amongst so many baskets that your investment returns become average. Knowledge Financial Group - Knowledgefinancial.com 

Thou shalt place thy eggs in a carefully selected group of baskets, each with positive mathematical expectation and an uncorrelated risk profile.
For example, don’t attempt to diversify by adding a technology mutual fund to a portfolio already concentrated in NASDAQ listed securities. This will only cause your portfolio to more closely replicate the technology averages. The two assets are highly correlated.
Similarly, don’t add another real estate asset from the same general location
The objective of diversification is to lower the risk profile of your portfolio by adding non-correlated or inversely correlated investment strategies. This allows the performance of each asset to smooth the performance of the other.
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6th Investment Strategy Commandment: Thou Shalt Invest Defensively

Your first objective with any investment strategy should be “return of” capital, and only after that should you concern yourself with “return on” capital. Knowledge Financial Group - Knowledgefinancial.com  
arefully examine every investment strategy to determine its maximum downside risk should Murphy’s Law prevail … because eventually, it will.

Your investment strategy must have built in safe-guards that manage risk exposure and control losses to an acceptable level under both normal conditions and worst case scenarios. The alternative is to accept too much risk into your portfolio (which is a bad thing).
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7th Investment Strategy Commandment: Thou Shalt Invest Offensively

At first glance, offensive investing might seem contradictory to Commandment #6 . The truth is they work together synergistically to form a complete and balanced investment strategy. Knowledge Financial Group - Knowledgefinancial.com  

Stated another way, you must invest offensively to seek gains while you invest defensively to manage risk and control losses. Either half of this equation without the other is an incomplete investment strategy.

Your objective as an offensive investor is to maintain and improve purchasing power. 
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8th Investment Strategy Commandment: Thou Shalt Avoid Illiquidity
Liquidity refers to the ease with which an investment can be sold and converted into cash.
Certain hedge funds, partnership interests, and real estate are examples of assets that have the potential to become illiquid. Large cap stocks and bonds are examples of highly liquid investments.
The reason liquidity is important is because the risk management tool of last resort (see Commandment #6) is a sell discipline.
If an asset becomes illiquid, then you can’t sell it, which means you can’t control the losses during adverse market conditions. Loss of liquidity equals loss of flexibility.

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9th Investment Strategy Commandment: Thou Shalt Respect (But Not Obsess About) Expenses=Knowledge Financial Group - Knowledgefinancial.com  

Expenses are a cost of doing business.
The business of investing involves management and transaction expenses such as taxes, brokerage fees, and more.
I’ve seen people lose fortunes because they refused to pay the taxes and transaction costs necessary to exit a formerly good investment.

I have also seen people miss out on great investments because they did not want to pay what appeared to be high management fees.
Neither approach is balanced. The question you must answer is whether the expense adds value in excess of costs.
Does the management company add value (greater return) to your portfolio net of management fees and expenses, or not?

Does selling the stock add value to your portfolio by lowering risk and redeploying assets to higher mathematical expectation investments net of transaction fees and taxes, or not?
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10th Investment Strategy Commandment: Thou Shalt Invest in Thyself=Knowledge Financial Group - Knowledgefinancial.com  

Nothing is more financially dangerous than a million dollar portfolio managed with a thousand dollars worth of financial intelligence. Your investment skills and knowledge will be reflected in your investment results.

If you want to improve your return on investment, then you must first improve your financial intelligence. That’s where Financial Mentor can help.

The best investment you can make is in yourself because nobody can ever take it away from you, and it will pay you dividends for the rest of your life. The goal of Financial Mentor’s coaching and educational products is to grow your financial intelligence so you can grow your portfolio.

Let Knowledge Financial Group - Knowledgefinancialgroup.com  know how we can help you make your financial dreams come true beginning right now.

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The Ten Commandments Of Investing At Knowledge Financial Group - Jeanty Anthony

Read . Watch. Listen. Practice. Learn. From Knowledge Financial Group - Knowledgefinancial.com


You Set The Pace;. Learn What You want, when you wan It, And Ask Us Any Questions,  Anytime You Want..

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The 10 Commandments Of Investing 
1. Thou Shalt Set Clear Goals
If you don't have a purpose or a set of clear goals to guide your investment strategy, don't invest. This sounds harsh, but there are so many types, styles and flavors of investing that, without a particular destination, you will be lost at sea. Knowledge Financial Group - Knowledgefinancial.com  
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2. Thou Shalt Put Thy Financial House in Order
To become a successful investor, you have to make sure that your personal finances are in order first. Investing without a purpose is bad, but investing when you have high-interest debt is much worse. 
If you are drowning in overdue bills and credit card payments that you can't meet, take care of those more serious problems before getting too deep into investing.
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3. Thou Shalt Question Authority
Investing is more about the art of asking and answering the right questions than it is about deciding when to buy and sell. CEOs, CFOs, CPAs, CFAs and all the other acronyms that we use to classify Wall Street's professional caste can't hide the fact that they are human, and that humans sometimes lie. Analysts get kickbacks, CEOs get stock options and recent accounting scandals, show that impartial accounting is not guaranteed.

To question authority, you will need to educate yourself, especially on the subject of financials. Press releases are flakes of snow that rain down on investors and melt away, but financials stick around. Although financials can be tampered with, there is always a trail left behind.
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4. Thou Shalt not Follow Sheep
Herd mentality leads to destructive rampages down Wall Street. Investing passively by sticking to funds, indexes and other mainstays of the coach potato portfolio is a perfectly acceptable practice.

 The danger comes when people move from being a passive investor to an active portfolio, but they continue to stick with the behavior of being a passive investor. Knowledge Financial Group - Knowledgefinancial.com  

There is a lot of available information for such investors - much of which is true - but accepting it with an uncritical eye and neglecting to check it yourself is what leads to herding. This includes getting the latest and greatest stock tip from your Uncle George.

A person can effortlessly become one of the investors that the analysts shepherd into various "must-buy stocks" after they have become overpriced.
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5. Thou Shalt Be Humble
If you take the first four commandments to heart, there is a good chance that you will perform better than the majority of individual investors and many of the professionals. Knowledge Financial Group - Knowledgefinancial.com  

 But sometimes, particularly during a bull market, gains are not dictated by investor actions as much as by having money in the market, so don't allow yourself to become overconfident.
 Overconfidence often leads to overtrading, taking unnecessary risks and eventual losses when the bull turns bear. Also, remember that you incur commissions every time you trade - this expense can often erase profits or increase losses.
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6. Thou Shalt Be Patient
Patience is a virtue for a good reason: It pays for itself. When the market dips, or even when a particular stock dips, there are always investors who panic and sell. Selling should be treated just as seriously as buying.

 If it is just a bump, ride it out. If there is truly a problem with the stock, take your time as well - you may find a way to use it in a gain-loss transaction that will save you taxes.
 By the time you hear it, bad news has already settled in - taking your time isn't going to make it much worse.
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7. Thou Shalt Show Moderation
Investing too much is not a problem many people have, but it can happen. It is said that the pain of a loss has twice the emotional strength of the pleasure of a gain. For some people, this results in pulling out of the market prematurely, as mentioned above. Knowledge Financial Group - Knowledgefinancial.com  

For others, losing propels them into successively riskier ventures in an all-or-nothing attempt to win those losses back. Losses are hard to take, but look on the bright side: You can sell a loss to offset a gain in another sector or, if it is in a retirement account, you can use it as a tax write-off.

 Concentrating your money too much in one area, either by sector, risk level or even keeping it all in the stock market, is a sure way to see more of nothing than all in an all-or-nothing game.
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8. Thou Shalt not Ogle Thy Investment
There is nothing like a market correction or a general upswing to change perfectly normal investors into fanatics who have market updates text messaged to their cell phones every five minutes.

As with Fidelity, the axiom, "look, don't touch" is insufficient because the more you look, the more you want to mess around with your investments. It is not clear if it is a symptom or a cause, but this rabid over-monitoring almost always leads to unnecessary churning in sufferers' portfolios
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9. Thou Shalt not Court or Spurn Risk
You should never put everything you have into futures, but you also shouldn't hold everything in Treasury bills. There is an appropriate level of risk for investors of every age and creed.
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10. Thou Shalt not Make Heroes of Mere Men
There is no perfect investor. Warren Buffett, George Soros and Peter Lynch have all slipped up from time to time. That doesn't stop them from being great investors who are worth studying and learning from.
That said, you should never mimic an investing strategy that you do not fully understand. Knowledge Financial Group - Knowledgefinancial.com  

There is too much guru-ism going on among investors - so much so that credentials are often lost beneath book titles in which the word "rich" is prominently featured.

 As with the early caution against trusting authority, you have to question everything. Even if a strategy works for a certain period of time, once it becomes widespread, it skews the system.
 too many people searching for those stocks, leading prices to become inflated to adjust for the non-market driven demand. Skeptics survive on Wall Street much longer than believers.
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