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

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

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

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