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How a Career Changing Mindset Can Propel Your Into Success

Are you feeling trapped in the job and station in life you find yourself in? What if I told you it was your mindset that could be holding you there AND your mindset that could get you out!

Carol Dweck, Stanford University Psychologist and author of Mindset: : The New Psychology of Success, writes that your mindset is critical to your ability to be stuck in a seemingly hopeless rut or push through the challenges you face, grow and succeed. Dweck writes:

“For 20 years, my research has shown that the view you adopt for yourself profoundly affects the way you lead your life. It can determine whether you become the person you want to be and whether you accomplish the things you value. How does this happen? How can a simple belief have the power to transform your psychology and, as a result, your life?”

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Retro Technology as an Investment

Is it possible to invest in retro technology pieces? Some people are and are reaping large amounts from old and somewhat rare old technology.

Like this unopened first generation iPhone. Ebay price tag? $10000.

0809_interact_660As technology constantly updates and changes, iconic and game-changing pieces in mint condition can command a big price tag.

Interest in vinyl records and Polaroid film cameras have both had a resurgence in recent years and are other examples of old technology that you might find in your parents house that have considerable economic value in them.

It isn’t just precious metals like gold that contain strong value per ounce, but now it can be anything that once filled up any house in the past 30-40 years; the rarer it is now the more valuable it could be.

Who knows, great value could be lurking within the junk in your wardrobe!

More: The Ridiculously Overpriced ‘Vintage’ Tech of eBay

More: Polaroid instant film


Personal Finance Guidelines for Success

3arrows1A guideline is something that ancient builders used to guide line as they built a wall. The guide line was used to ensure the wall was straight and the builder ended up where he wanted to go.

In the same way, there are personal finance guidelines that are designed to keep you on track with your financial well being.

1. Build your assets

Look after your assets and your assets will look after you. Whether it is in stocks, real estate or your other investment vehicles, your assets are your future.

If you are focused on the share market, work out how you can continually diversify and build up your portfolio. If you have real-estate investments, consider how you can add value to your asset through a home extension or similar (see here for the best house extensions in Melbourne).pic_guidelines

2. Pay Yourself

Paying yourself before you pay others is a key part of your financial success. Yes we all have bills to pay. But more important than keeping your phone company happy is to provide for yourself.

This may be in terms of your future pension or for a holiday later this year. Whatever it is, by forgoing the present for the future, your future will be well cared for.

3. Increase Incomes Streams

Saving is good, but it has a limit. That limit is how much you actually earn. In other words you cant save more than you earn.

The solution then to increasing your financial health is to increase your earning. By adding additional streams of income you effectively multiple your ability to grow your net wealth. Start a side business, invest in income generating sources, even taking on a second job for a period can make a massive difference.

4. Reduce bad debt

If you have bad debt – for example personal loans or credit cards at a high rate of interest – it is destroying your future wealth. Every dollar of bad debt today can cost you 10 in the future. Check this credit card debt calculator to see for yourself.

Prioritize getting rid of it as quickly as possible. Your future self will be glad you did!


Five Personal Finance Myths

myth-realityWhen it comes to finances, myths are widespread in the marketplace. Some people consider themselves as financial savvy but unfortunately, what they held true are nothing but false beliefs. The following are five myths busted to make you see through the smoke.

Myth #1: High paycheck makes you rich.

If this myth has been true, half of the people in the world must have been sleeping at night in a bed made of money. Earning thrice the average of monthly wage will never make you rich, unless utilized wisely. As the salary increases, standard of living tends to keep up the pace, too. When salary figure increments, there will be new things to spend it on. Learning to live within the means of a budget and living within paycheck to another paycheck are to different perspectives. In reality, people who have more assets rather than just cash are the ones who are rich.

But, if you need to consider a new career – such as online LPN program – you have the option.

Myth # 2: Buying the cheapest option saves you more.

Being cheap and being frugal are entirely two different concepts, although easily confused since they start with the idea of spending less. Yes, both will look for discounts yet in terms of buying, a frugal person will maximize the use of penny, while cheapskate will always conserve every penny.

Handling personal finances does not necessarily mean spending less, but it is also about getting the best value of money spent. A wise buyer will consider quality and long term outcome. You are not being careful with your money if you end up buying something that constantly requires replacement.

Myth # 3: Nothing’s safer than money kept in the big banks.

Aside from ourselves, money kept in the bank is a lot safer than any other hiding places. Nevertheless, it is not entirely guaranteed since banks can fail or worse get robbed. The most important thing to make sure before entrusting your money to them is insurance coverage. If yes, inquire whether whole savings is covered or only half of it. For example in United States, Federal Deposit Insurance Corporation (FDIC) is an independent agency provides deposit insurance guaranteeing the safety of a depositor’s account up to $250,000 for each deposit ownership category in each insured bank. Always keep an eye on your large accounts or better yet split them into two categories of ownership accounts. (Source)

Some banks will give you false hope that your money is safe to all sorts of their investments but if truth be told, they are not covered by FDIC, including stocks, mutual funds, life and auto insurances. Lastly, accounting errors or losses due to theft or fraud at the institution is also not protected by insurance.

Myth # 4: Buying on sale items saves money.

            That color-schemed red tag on retail stores will unknowingly hurt your pocket. You are more likely to buy items you only want than need because you hate to miss out the offer. Moreover, sales tempt you to purchase unplanned and out-of-the-budget things, thus costing you more. A trick to remember so you don’t delve into this myth is to think that when you purchase an item worth $200 at half its price, you did not save $100, you just spent &100.

Myth # 5: Buying properties is always the best investment.

            Properties will only be a good investment when you have enough cash to buy them in one lump sum. Otherwise, you will end up in debt and large mortgage.




Five Ideas to Earn You Extra Income

Guard well your spare moments. They are like uncut diamonds. Discard them and their value will never be known. Improve them and they will become the brightest gems in a useful life.~ Ralph Waldo Emerson

The saying is a valuable reminder that anybody can produce finely cut diamonds by wasting spare time wisely. How is it done? Well, there are plenty of legit ways to generate and boost your cash flow. Always remember, earning an extra income is way better than frugality.

  1. Identify skills that people will pay for.

Capitalize your human skills and turn them into paycheck. Start by making a list of your unique skills and then find out what type of job suits you best.

For example, speaking more than one language increases the likelihood of getting more job opportunities. You can get paid by translating audio or documents into English or another language. Do you have programming skills? Meet the demand and be a software developer.

Meanwhile, if you want to work in pajamas and enjoy the comfort of your home, apply online jobs. Internet offers variety of work opportunities for aspiring freelancers such as data entry, proofreading documents, writing articles, virtual assistant, internet marketing or web designs.

Browse the businesses in this business directory listing for ideas!

  1. Determine your resources.

Effective utilization of unused resources can generate revenues. For example, you can rent out your spare room or parking space.

In addition, declutter belongings and identify high-value items like books, clothes, shoes, scrap metals, household knickknacks and sports equipment. Either present them online or through garage sale. Offloading not only helps you to have a cleaner living space but at the same time a nice pile of cash.

  1. Earn higher interest on your savings.

You earn interest out of your money deposited in the bank, hence you keep making money out of the money you put in a bank. If you want a higher yield of interest, first inquire all options at your current bank. If unsatisfied, shift savings to another bank or consider online banking.

You can also invest your money. Look for mutual funds with a low minimum-purchase requirement. Some mutual fund companies will allow investors to start investing with small deposits for as low as $25. As noted, this is an easy and relatively inexpensive way to build up a stock portfolio. (Source)

  1. Offer to do odd jobs locally.

There are many ways to earn big bucks, even by offering basic services in your spare time. Most of these can be done right at your neighborhood. You usually stand a chance because oftentimes, they hire someone they know and trust. Examples of these “odd jobs” are baby sitting, pet walking, washing cars, cutting lawns and gardening.

  1. Turn your hobbies into income streams.

Hobbies can turn into a side business. Monetize your passion, it is something you would do anyhow.

Nowadays, due to the advent of technology, target customers are easier to reach. Therefore, if culinary is your pastime, make use of your talent by selling home-cooked foods or pastries. You can also sell crafty needleworks such as embroidery and cross-stitch. Moreover, if you are skilled in graphic designing, sell out graphic T-shirt, mugs, souvenirs and other printables.


When the Silence can be Deafening

power-of-silencepeople know all too well how loud the silence can be. I am not talking about voices in your head or anything of that nature. I am talking about tinnitus; a ringing in the ears that can be extremely difficult to overcome.

A friend of mine who suffered from this recommended Lipoflavinoids – a dietary supplement that can help improve the condition through a combination of factors.

The reason I write that is to say this; people suffer problems of all nature every single day. Some of them are obvious – food, shelter, transportation. Some of them are not so obvious. But for all of them, we go in search of an answer.

It is in the answer or the solution that people like you and I make money through the provision of a product or service. This problem solving approach lies at the heart of all entrepreneurship.

If you take time to look at problems not as a part of life, but as an opportunity to be made the most of then we begin the see the world in a whole new light!

Life may through up plenty of problems, but inherent in them are rich opportunities for the entrepreneurial amongst us!

To your prosperity!


Seven Ways to Save Money this Week

It is not about how much money you make but on how you save it. Nevertheless, finding ways to save money doesn’t have to require drastic modification. Small and simple steps can make a big difference.

If you want to stretch your budget a little further this week, or you want to save money to pay your other bills, these seven tips for seven days will help you pull in your horns.


Start by browsing online catalogue of your favorite supermarket so you can develop a meal plan on what is on sale. Then stick to your list and make sure you buy them all to avoid unnecessary return trips to the store, thus, saving money and time. It is also important to go to shopping after you have eaten because an empty stomach will lead you to buy more foods.

Another useful tip is scanning the top and bottom shelves, more expensive items are placed at eye level. Moreover, stock up items with a long shelf life that you regularly purchase when they go on sale, such as laundry detergent, bar soap, rice, condiments or pasta. Lastly, try to ask discount on food items that are near their sell date.


Make it a daily habit to turn off lights before living the house and unplug unused appliances from power outlet because they still gobble up energy. It’s better to use pressure cooker to cook food quickly. In addition, using a 1:1 solution of vinegar and water to clean glass and disinfect bathroom can replace your expensive cleansing agent.


Take a walk for short distance destinations. Leave your car in the garage today and commute by public transportation. It will save you from parking fees and gas.

Experts recommend to refuel your car early in the morning when the temperature is cooler, so the fuel is denser. (Source)


Take a pack lunch at work, it’s not only good for your wallet but on your health as well. It is advisable to carry a coffee in a flask to avoid being tempted from overpriced coffee shops.

After shower, opt for towel-drying your hair instead of using energy-guzzling hair drier. Do not buy expensive shaving creams, a conditioner can be a best substitute.

Rather than splurging at the spa, use ingredients such as olive oil, honey or cinnamon that are readily available at home to have a do-it-yourself beautifying treatments.


Challenge yourself to have a “no single penny spent day” at leastonce a week and you would be surprised to keep a nice little stash of cash in your pocket. Staying at home is an extremely effective way of curbing impulse shopping and eating. You can entertain yourself from reading books or indulging into your favorite TV show. Lastly, go to bed tonight earlier than usual to save electricity and have an ample amount of rest.


Family bonding doesn’t necessarily mean heading out to the beach or movie theaters. Yes, you can do that once in a while, but frequent trips outside your abode spell disaster for your budget. Find ways to keep you and your family entertained even just staying at home. You can watch movies together, play games and eat a healthy and tasty meal.


American currency falling

Beliefs Rich People Have

American currency fallingHave you ever wondered why rich people remained in their big houses while most poor people are stuck in poverty street? Why someone has to be poor while others are rich? Well, simply because they do not act and see things alike.

It is said that beliefs are the blueprint of your reality. Your reactions and behavior are primarily based on these mindsets. Did you ever dream of being part of those people from rags to riches? Unfortunately, how to be rich is not part of school’s curriculum. It is never too late, financial skill is something we learn along the way, not born with.You have to start having wealthy beliefs and stand yourself into their shoes. Outlined below are beliefs held by rich:

I have the right and obligation to be rich.”

Rich people claim it is their right to be free from financial anxieties. Nevertheless, they also believe that a right without an obligation is useless. They do not merely claim it, they act on it. They know its their responsibility to look after their wealth. In addition, they have planned possible ways to be rich but winning the lottery is never written on their checklist.

Money is not the root of all evil, it is poverty.”

They see no wrong in money. They view it as something that makes them feel good, improves life, and open up more opportunities. Money is nothing but a medium for exchange, its effect on our lives depends on how we value it. They believe that once money is properly used, it will serve as a great weapon against social evils. For them, it is poverty that breeds crimes, illness, famine and death.

Resources are ultimate key to my success.”

Rich people do not panic, they plan. To succeed in a globally competitive world, they maximize every available resources. Moreover, the road to riches has no shortcuts, they spent many sleepless nights planning and researching in finding the bricks to build their dream of riches. They start spending money to buy assets that will increase their wealth tenfold rather than saving them directly to big banks. Rich people also do not work for someone, instead they solve people’s problem and make money out of it.

Failure is a chapter of success.”

They welcome whatever life throws at them and see problem as an opportunity in-disguise. Failure is only an event of their lives not an ending. Every successful person has failed numerous times but they do not fear it. They take risks, sacrifices and find comfort in uncertainty. When failure comes, giving up is never an option, rather, they stand up and move forward all the way to the top.

Live below your ample means”

They do not act rich, they live how a real wealthy man is. Their life is too preoccupied on buying assets rather than showing off flashy things. Material possessions for them have pointless values. They live today planning for the future and limit their expenses on things that will not improve their quality of life. Lastly, real millionaires set priorities, avoid extravagant expenses but still live a happy life.


Three Important Decisions to Make Now for your Retirement

Financial-Planning-Retirement-PlanningSaying sayonara to the daily grind while you still have your teeth is every worker’s dream. Retirement is a journey not a destination. The idea seems nothing short of daunting because as we all know, life tends to throw us a curve ball every now and then, so it is no doubt a risky road to take.

In preparing for the rigors of not working, it is important to develop a sensible and flexible plan to have a comfortable retirement. This leads us to the question, what are the most important decisions one must make to have a nest egg that carries well into golden years?


Unless an inevitable situation calls for an early retirement, choosing a retirement age is one of the most difficult decisions you make in life. It is a decision that can have a long-lasting effect on you and your family. Weighing the pros and cons will guide you to a successful and rewarding life.

Early retirement will make you enjoy your fruits of labor and an opportunity to pursue hobbies. Nevertheless, make sure your savings are in good shape to suffice your future needs since pensions, social security benefits and medicare will most probably have restrictions or unavailable until the considered “normal” retirement age.

Most employees use the age of 62 as a guide for normal retirement age. Retiring on time gives you the privilege of significant retirement fund with non-modified pension and social security benefits.

On the other hand, retiring past the prime of your life may give you more time to earn and save money. However, the downside of late retirement gives you less chance to enjoy the remaining years because the chances of developing health problems increase with age.


Review the cost of living upon retiring the workforce to figure out expenses. Basically, expenses are not the same at all stages of your life, so you have to craft a reasonable budget that allows you to enjoy the retired years but also anticipates the high cost of long term care.

A prudent plan must cover your basic needs and discretionary spending. Basic need comprises food, shelter, clothing, health care and dependents’ financial needs. Meanwhile, discretionary spending consists of travel plans, entertainment, splurging and charities.


The earlier you start saving for retirement, the more money you might be able to save for the future. You need to own investments so you can stop working for money and let the money work for you. However, the first thing you should do is to set aside an emergency fund that will serve as a buffer in events like illness, disasters or unexpected expenses. Once it is taken care of, you can subsequently explore investments that will pay a steady stream of cash such as dividend, stocks, mutual funds, real states and bonds.

Retirement must be all about living off your hard-earned money. It must be the time where you get to enjoy your remaining years of what life has to offer. Configuring a successful retirement plan does not happen overnight, it takes a lot of courage, strict budget, financial planning and long term commitment.