postaday2011 | wealthymatters

10 Ways To Get Rich

July 21, 2011 Leave a comment

What better person to tell you how to become wealthy than one whose name is a long term fixture on the Forbes List?Here are Warren’s tips on how to get rich,put together by Alice Schroeder: Read more of this post

Filed under Theory, Tool Kit Tagged with 10 Ways To Get Rich, bargaining, be different, beating the market average, Bill and Melinda Gates Foundation, borrowing, Charity, costs, creditors, deadline, deal, debt, debt free, expenses, Forbes List, Howie Buffett, Investing, know when to quit, Omaha, postaday2011, RandomBlog2011, reinvest profits, Risk, saving, thumb sucking, undervalued investments, wall Street, Warren Buffett, wealth, Wealthy

How To Win Friends And Influence People – Dale Carnegie

July 19, 2011 3 Comments

wealthymatters.com This book was required reading in class XII.At the time I didn’t pay too much attention to it.I was way too focused on improving my PCMB scores .Today I’d say it’s worth at least one read and deliberate practise of the techniques suggested in it.Business is after all all about getting people to do as you want and having friends always makes getting ahead easy.

Here is the author’s own summary of this book: Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with be a leader, book, book review, Dale Carnagie, How To Win Friends And Influence People, leader, managing people, people skills, postaday2011, RandomBlog2011

Your Goal To Be Wealthy

July 18, 2011 Leave a comment

wealthymatters.com So being wealthy is really important to you?So what does wealthy mean to you?Have you a figure in mind?

Wealthy means different things to different people.Just as there are those who love the society dos,there are others who love their getaways in pristine natural surroundings.Some love to be in distinguished company and others prefer to stay at home with a book or spend time with family. Some love art,others horses, cars, boats, clothes and whatever else you name it.Are you living the life of your choice are are you drifting along as best as you can? Read more of this post

Filed under Tool Kit Tagged with dream lifestyle, goal to be wealthy, happy, lifestyle of the wealthy, postaday2011, RandomBlog2011, Wealthy

Should You Buy Close-Ended Mutual Funds?

July 18, 2011 Leave a comment

If you ever hear a spiel that goes something like this:Staying invested in the market for the long term ,through various cycles ensures that investors get rich.Unfortunately at the first sign of trouble most mutual investors run.Then the fund house has redemption problems and long term investors like you pay for the weakness of these short term investors.But if you go for XYZ scheme,there is a lock-in of n years so no matter what happens investors can’t flee easily,so ABC wise fund manager can work his magic and give you extraordinary returns.And BTW this fund is now floating its NFO.If you delay you can’t benefit from this good scheme for n more years-Be skeptical.Very skeptical.This salesperson might just stick you into a dud investment you can’t exit easily. Read more of this post