When you are facing problems to combat the impulse to splurge, you are not the only person. As per the latest statistical data, the average U.S. citizen carries around $2,900 as credit card debt. In 2008, 1.6 million families in the country filed for bankruptcy. Following are some important steps that would effectively help you eliminate debt:

Step 1. You should not spend more than what you earn. If you go on doing it, you’re asking for trouble. Always cut your coat according to your cloth. …continue adventure

Have you ever considered this about the Swine Flu. It was just a year ago since we had a potential worry about the Bird flu pandemic. A great fuss was made, the media was all over it, telling us scary stories about the virus, jumping from birds to humans. Also telling us that potential of killing us, …continue adventure

Spread Betting and Chartism

Have you seen the adverts where you can make £10,000 a week (through financial spread betting) with only an hour’s work and give up your day job. Trading strategies that can guarantee you £400 a day. Yes, yes we have all seen them. Do they work? No, these are get rich quick schemes that all of us dream off yet but rarely work. These elaborate courses teach you trading strategies that don’t need complex analysis. Just look at charts and once reach a certain level all you do is buy and sell. Easy as tying your shoe lace and no brains required. Even Bush could do it! …continue adventure

On my journey through the financial realms, I was trying to work out what is happening with our economy and the global economy, which are both entering a stage of recession and depression. After months of reading various books and newspapers I have finally found a theory that may actually be correctly predicting recessions and depressions. What is this theory I hear you cry? It is the Kondratiev wave theory, which has correctly predicted the last four recessions and depressions. Not bad for a theory I say! …continue adventure

Here is a simple great way to buy a product you really want and make money at the same time! No joke! Next time you see an item you want to buy (like LCD TV) that around is $2500 with a buy now pay one year later deal at 0%! Then save up the money for the price of the item first, don’t pay for the item straight away. Create an account with a bank that has a high interest payment preferably at 5-6%. Leave your money in there up until two weeks you have to purchase the product! And make yourself a cool $125 in the process!

Calculation example: 1 year at 5% - $2500 x 1.05 = $2625 then $2625 – $2500 = $125 – Profit.

So there you have it! Here is a Guaranteed money tip as well as buying the item you really wanted! Don’t spend all your profits at once =)

Who or what are Wealth Assassins? Wealth Assassins are businesses and banks that are constantly trying to kill your financial health. Read on for my list of the 5 factors that can be most damaging to your wealth. …continue adventure

Is it buying a car? Buying a house? Buying shares? In fact, it’s none of them. The best investment you can make is in YOU!

Sounds crazy, doesn’t it? I don’t mean buying material goods, but investing in good old-fashioned education for yourself. You may have heard the expression “Knowledge is Power“ and “Power is Money”. Both these expressions are very true. Everyone wants to get rich quick, but I hope past experience would have taught you that becoming richer is hard work.

Lots of work, persistence and trying (and trying again and again) will get you everything you want. I see a lot of people moan about how little money they have, but they’re the same people who won’t actually do anything about it (welcome to the life of the loser). The people who do something off of their own backs and try to create opportunities will often be successful (welcome to the life of a winner).

The following personal characteristics make up the successful person: …continue adventure

A clear exit strategy is a fundamental rule in stock trading — one that is often overlooked by many private investors. A well-defined exit strategy will guide you into a profit or minimal loss out of a stock/share.

If that’s the case, why do so many people fail to create a solid exit plan? It’s because we’re only human and our emotions often take over. The classic diseases many traders face are greed and fear. Of course you want your stock to do well, but more often than you expect the tide will turn against you. What do you do then? …continue adventure

Do you think the Banknote you hold in your hand or wallet is really worth anything?

After looking closely at a British banknote you will see that it says “I promise to pay the bearer on demand the sum of… ” (the value of the note is either £5, £10, £20 £50 or £100). So, what would happen if I went to the Bank of England and asked them to exchange the bank notes I own for an equivalent value in Gold? After much research I finally found my answer. …continue adventure

Guerrilla Forces and Private Investors have a lot more in common than you think!

Being a Guerrilla in warfare means you have to use all the resources you can, including using the enemies’ own arsenal against them. In the war between the Americans and the Vietnamese Guerrillas, the Americans had greater numbers and more weapons. They should have been able to annihilate their enemy, but they couldn’t. Why? The Guerrilla forces took every shell left unused from each battle and sat in the trees, completely camouflaged, waiting for an enemy troop to walk past. They would then ambush them using their enemies’ own ammunition!

Guerrilla forces are also expected to live off the land and a tiny amount of food. By the end of the war the majority of equipment used by the Guerrilla forces was American, stolen, captured or purchased from the opposition. One of the Guerrillas’ key strengths was that they where determined not to give up and used their greater flexibility to move faster than their much more numerous opposition.

What can we learn from the Vietnamese Guerrillas? That the same tactics can be used in investment. …continue adventure