Personal Financial Solving

There is a famous saying by Donald Trump, “As long as you’re going to think anyway, you might as well think big.” So, make sure that you have a big or monumental goal. It is very natural then, that later on you will eventually ask yourself: “How do I achieve this big goal?”

Our brain plays an important role when we set our goal and formulating plan to achieve it. It is important to note that when our brain is given a choice to do something or to put it off, we will always be pulled towards the more comfortable path, especially if the goal is so difficult to achieve. However, when we have no choice but to do something no matter how big it is, our brain will start taking us seriously and we will always find a way! (more…)

One of the most overlooked topics in trading, Money Management has the power to make or break you as a trader. It would be fair to say that you could be the best trader on the planet, but if your money management strategies are deficient, you will probably go broke very quickly. Money Management is an essential element of trading discipline that is practiced by all professional traders.

So what is Money Management? Money Management is essential to preserve your trading capital and is simply a set of rules that governs how much money you have at risk. Ask yourself the following questions to determine whether or not your Money Management plan is in good working order: (more…)

When I sit down with investors and they ask me what area of property investing they should go into, I almost always will say go for buy to let and will relate it to business.

If you think of large businesses and how they measure growth and performance. They will continually talk about growing by either opening new branches or shops, or taking over existing ones.

So for instance a company may say “Our target is to open 30 new stores throughout the UK in 2008.”

Another company may say we shall consolidate our position and work on performance of existing stores. In terms of growing as a business, this is where buy to let has a huge advantage over buying to sell.

If you buy to sell, you have to re-start your company each time, and are not building up any longer term growth, you can make short term profits but you work very hard for this at times and is not very tax efficient. (more…)