Street Speculator

The first order of business in creating wealth is to STICK TO THE FUNDAMENTALS. Your income statement should resemble that of a well run corporation.

Take Microsoft.   

Microsoft is the global leader in consumer and business software products and services. These are some highlights from their financial statement:

DEBT: $0  CASH: $24 billion  REVENUE: $57 billion (As of March 31, 2008. Source: Yahoo Finance)

These are amazing numbers and most of us will never see numbers of this magnitude in our personal accounts. But, you can put together some techniques that will allow you to at least have a secure lifestyle for both you and your family.

NO, we are not interested in getting you into a house you cant’ afford nor move you toward purchasing expensive feel good luxuries. The goal of the SPECULATORS is to make you LIQUID and to end this paycheck to paycheck pattern of poverty.

Start with these simple techniques to begin:

1. Get rid of the unnecessary Cable/Satellite television services (Watching television does two things to the body: Creates obesity and increases ignorance of the brain).

2.  Read the newspaper daily. The Business Section should be read first.

3.  Establish a Savings Account (Deposit at least $50/paycheck). Don’t touch the money. Be Discipline

4. Use some talent (passion) you have to create a small business (While still employed until this venture generates enough revenue to allow you to leave your current job).

5. Read biographies (Not sales books, “Getting Rich in the Stock Market”, “Real Estate Riches”, etc….) about successful and progressive business men and women (John Rockefeller, Warren Buffet, Michael Dell, Sam Walton, Martha Stewart, Steve Jobs) . Don’t focus on the money they generated, but their WAY OF THINKING, THEIR MENTALITY!!!!

6.  Exercise Daily and Diet properly.

These initial practices you can start tomorrow as well you should. Time is not on your side. Our premises stated in the SPECULATORS & Jedah Summit post about oil prices has now become a reality (Oil hit a new high today of $140/barrel).

Next, Why your 401K plan is not enough for retirement

Just Speculating…………