Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Friday, February 16, 2018

Accumulate Wealth Eliminate Debt! Simplicity Is That Simple

Until debt tear us apart

   If you want to accumulate wealth you must first eliminate debt - when you constantly owe others, it very unlike that you can build a solid financial foundation. This is what I've been doing for the last few years. Eliminating those I owe. I've had to sacrifice many luxuries but my debt is down to less than what most people pay for their car. Mostly small liabilities like a student loans, doctor bills, etc.,

   If you can get your liabilities in order, building wealth can surely be realized. Below, I have scratched the surface on the fundamentals to building wealth. These are the basic building blocks to obtaining your financial goals.

Wealth - Real wealth gives you options--for how you work, how much time you spend with your children & grand-children, where you travel, and when you will retire. 

   Actively manage your money by understanding the net-worth of your wealth-building process. Instance riches comes only to a select few, but most wealth building successes are realized after careful planning and effective management of their resources, having a goal, creating a plan, and are disciplined to execute the plan.

 02/16/2018 Market Summary

Market Quotes by TradingView

Always do your due diligence and seek professionals in that field. 

Top 10 Marijuana/Cannabis Stock

Market Quotes by TradingView

   Become educated – the fact remains that with increased education; one’s earning potential drastically increases, Managing finances is one of the most challenging elements for many people in their daily lives. It’s no secret that many people can be impulsive buyers, or simply don’t think far enough in advance to put self-gratification behind them . One of the best ways to build personal wealth is to simply save money. Any little bit you can spare can really add up over time.

Erase Debt
  One of the most important concepts you'll discover is that most successful wealthy people leave the comfort of their J.O.B. and go out on their own to build their own businesses. These people achieve wealth and financial freedom because they understand that working for someone else keeps them limited from their full potential. No matter how wonderful and generous your boss may be, you can never achieve what he has until you repeat what he has done. You must build your own dream, not working for your boss’s dream! 

Asset: Things you own (cash, bank accounts, 401k, investment, rental properties etc.). 

Liability: Things you owe (a credit card balance, expenses, a car or mortgage note, etc.). 

Net worth: The difference between the value of your assets and your liabilities. 

Assets (own) subtracted by your liabilities (owe) equals your $$$net worth$$$!


  Control spending: If you spend more than you pull in, say, per month this equals a negative cash-flow. Bad Budget! Budgeting your expenses gives you your 1st line of defense on where your money goes and can help you reach financial freedom. Whether you make thousands of dollars a year or hundreds of thousands of dollars a year, a budget is the first and most important steps you can take towards putting your money to work for you. Having a financial budget may help find that about 5-15% of your total spending may not be necessary . 

   -- Calculate what your income per month is.

   -- Determine how much essentials costs monthly.

   -- Determine & calculate your non-essentials monthly.

   -- Spend every cent "on paper" before the next month begins

   -- Give it 2-4 months to start working....starting a budget is tough if you are not accustomed to one. Save : 10% - 30% is a good place to start, but if you can't find a way to set aside 30% for your future, then start out smaller, maybe 10%, 8%, or 5%, or whatever you're able to do, but just start. 

Emergency saving: 

There will always be some kind of unexpected expense......ALWAYS. Car Repairs, Medical health care, etc.,

Be prepared!

   This is why you want to start out at around 30% saving because you also will need to split that saving per month between these other categories. 

Debt elimination: List all of your current credit cards & get them switch to the lowest interest rate you can find, consolidate if possible. But, beware you may trade lower rates for longer pay outs.

   -- Negotiating with creditors for settlements is another option for debt elimination.

* Eliminate credit card usage if at all possible. *

   -- Using a debit card instead of a credit card gives you all the convenience of a credit card but withdraws money immediately from your checking account, so that you do not keep digging yourself a hole.

   --Talk to a specialists, such as credit counselors and financial management companies. Develop an investment strategy: When considering any investment, you should keep in mind the big picture. The objective is to ensure your financial growth and security over a long term period.

Gain Control of your Business Debt  

  --Consult experts & do the research.

Continued growth,
Andrew Hayes

Providing Solar Energy Panel Contracts to Homeowner



Copyright © 2018 Andrew Hayes All Rights Reserved
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Saturday, February 3, 2018

What Goes up Does Come Down ~ Opportunities & Options Game On!

Stock Market Downward Trend Chart

666 Is Never A Great Combination 

After such a fruitful run these last few years, today Wall Street is hit deep. A reminder that the markets possess a high volatility. And it's back with a vengeance. It's only been 8 other times that the Dow has hit below 600 at 665 about 2.5% at close. This is the steepest decline since 2008. Even the European markets are fairing the sting.

As a stronger than expected jobs report added 200,000 manufacturing jobs equaling a $0.09 or 2.5% wage growth. Was it the fear of interest rates hikes that sparks the sell-off. Or just a panic? Moving forward, what does this mean now? 

Just off the heels of President Trump's State of the Union  where the Commander In Chief proclaimed 2.4 million jobs added, jobless claims at a 45 year low, the Dow Jones roars 25% last year. Analysts believe that the tax cuts and deregulations contributed to corporate profits, employee bonuses and rising stock prices. 

This is all great news for everyone across the board in the financial world. So why then did the markets react as they did? Is this a sign of something positive or an inkling of a much more volatile market in the days ahead.

The possible worry could have been if the Federal Reserve decided to rise rates. Which would have a rippling effect within the financial industry. 

Federal Reserve "Fed" for short, is an U.S. financial institution who job is primarily responsible for the upkeep of our banking system. It can dispense trillions of dollar into the economy to stimulate growth and employment.

Why rise the interest rates? Generally, in fear of "inflation" or simply, if your money starts to buy you less than before.  Another way to look at inflation, there is more money circulating than products to buy. So the bank slow down the money power by making it hard to borrow.  In a nutshell!

The  fed regulate the base interest rate that banks can lend funds to another bank. All other banks rates are adjusted around this set figure. Higher rates means less loans, because more interest in being paid on the money they already have in the banks.

They first raise the rates they charge large corporation better known as prime-rates. Next, mortgages and credit cards are rated against the prime. Then , small business and personal loans are affected. And that folks, is how they run our money. 

Decentralized Banking?

Makes you think a little about why all the fuss over altcoins & cryptocurrencies. 

Buy or sell Cryptocurrency Hodl Long Term

Makes you go uhmm.........

Yes, even the digital currency has taken on their fair share of onslaught this week. All major cryptocurrencies are in a back paddling mode. 

As always, best bet is to hodl, cryptocurrency should have been brought with the intention of a long-term investment. If you must sell, do 30%  and re-invest into another altcoin.

Always do your due diligence and seek professionals in that field. 

Top 10 Marijuana/Cannabis Stock

ACBFF  - Aurora Cannabis Inc  -17.84%
GWPH   - GW Pharma PLC             -1.77%
PRMCF - Cronos Group Inc         -15.19%
TWMJF - Canopy Growth Corp  -13.59%
CBDS   - Cannabis Sativa Inc    -7.09%
THCBF - THC Biomed Intl Ltd    -22.36%
APHQF - Aphria Inc                       -12.13%
SMG      - Scotts Miracle-Gro    - 0.24%
MEDFF - MedReleaf Corp            -12.31%
CNTTF - CannTrust Holdings      -10.73%


ETFs To Watch (Cannabis related):

  • American Growth Fund Series Two Class E     (AMREX)        $4.57     -0.20     4.19%
  • Cronos Group Inc.                                                     (PRMCF)         $5.51     -0.99    15.19%
  • ETFMG Alternative Harvest ETF                       (MJX)              $30.42  -2.49     7.57% 
  • Horizons Medical Marijuana Life Sciences     (HMMJ)          $16.45   -1.83     10.01%
  • AdvisorShares Vice ETF                                             (ACT)               $26.22   +0.40   1.50%

 02/03/2018 Market Summary

Dow Jones       @ $25,520.96 (-665.75   2.54%)

Nasdaq                @ $7,240.95  (-144.92   1.96%)

S&P 500    @ $2,762.13  (-59.85     2.12%)

*In the CRYPTO world "HODL"*           Sell some, Hold others!!!

  • BTC Bitcoin  - $8.896.43  -2.52%  (24 hr.)
  • BCH Bitcoin cash - $1,220.97  -5.62%
  • ETH Ethereum - $991.05   -10.16%  
  • XRP Ripple -  $0.896   -6.74%
  • LTC Litecoin -$131.73  -7.26%
  • NEO NEO - $121.21   -3.52%
  • ADA Cardano - $0.396  -6.02%

Cannabis Training University - Master Certification

Companies that I am researching in 2018. These are not recommendation as stated, yet, are companies within industries that I feel are worthy of potential gains

WeHit's 2018 PICK & TRACK  02/03/2018 
AMBA  Ambarella Inc $48.15 -1.59                3.20%             
ACBFF  Aurora Cannabis Inc $6.86 -1.49                17.84%
AVAV    AeroVironment Inc $49.78 -2.67                5.09%
EXEL    Exelixis Inc $30.22 -0.44                1.44%
A      Agilent Techn. Inc. $71.25 -1.62                2.21%
HIMX   Himax Techn. Inc. $8.60 +0.23               2.75%           
HTC      HTC Corp$70.60 +0.10               0.14%  
RIOT    Riot Blockchain Inc $12.16 -0.14               1.14%         
SIEB     Siebert Financial Corp. $8.68 -0.32               3.56%                  
STM     STMicroelectronics $22.83 -0.80               3.39%     
ARE    Alexandria Real Estate Equit $124.12 -1.16               0.93%
SYNA    Synaptics Inc. $41.20 -1.33               3.13%                 
IBB      iShare NASDAQ Biotech ETF $112.14 -1.84              1.61% 
TWMJF  Canopy Growth corp $19.40 -3.05              13.59%           
KEYS     Keysight Technologies $46.38 -0.81              1.72%  
VFFIF    Village Farms International  $5.75 -0.68             10.62%                    
O A         Orbital ATK Inc.$131.86 -0.14              0.11%
VRTHF  Veritas Pharma  $0.45 -0.03              6.03%                     
VTC       Vertcoins $3.22                       -1.82%  
VUZI     Vuzix Corp. $8.45 -0.25              2.87%

Weekend  5  BIG GAINERs & LOSERs  02/03/2018 
Mattel Inc $16.53 +1.21                 7.90%

Motorola Solutions Inc $103.87 +4.90                  4.95%

Charter Comm Inc $387.50 +16.32                4.40%

XL Group Ltd$38.25 +1.46                  3.97%

Edwards Lifesciences Corp $131.83 +4.70                  3.70%

Freeport-McMoRan Inc $17.97 -1.48                  7.61%

Fortune Brands Home & Sec. Inc $64.90 -4.93                  7.06%

Clorox Co $130.91 -9.42                  6.71%

Advanced Micro Devices Inc$12.45 -0.80                  6.04%

CBS Corp $55.40 -3.53                  5.99%


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Copyright © 2018 Andrew Hayes All Rights Reserved
DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on links.

Wednesday, November 8, 2017

The Wealthy Smell Opportunity - That's Where They Go

Two expensive cars on the shores of Dubai at night

Shut up & just do what the wealthy do!

   In an earlier post, Wall street & the stock market  I mentioned that it seems the wealthy just know where the money is.  They smell it and that's where they'll be. I'm sure there's a little more to it than that. Yet, it would be quite impressive if that were true. 

   What they do have, is they share traits that are consistent with each other. They are entrepreneurs, constantly looking for opportunity. They are disciplined, self motivated & go-getters. 

   You don't have to tell them to put an effort into a project. First in - last out! They want shit to get done. Which brings into play an obvious trait.......leadership. In order to have their vision brought to fruition, they must be able to delegate the right team players to produce the required performance.

   On the other side of that, are those with the negative notion that the rich just get richer. Which actually is a true statement. But to some, being rich or wealthy has a negative stigma attached to it in their mind. Of course, this clearly would have a profound effect on a persons ability to engineer a profitable wealth building strategy.  

   Without fully understanding their reasons for wealth deficiency, they tend to just has a negative outlook on the rich and affluent. Let's just call it what it is........HATERS!  ok

   To be honest with you, once you're rich, is there any other way to go?  SAVE & INVEST, there's only a certain amount of material things one can buy. (most wealthy citizens, are not generally flashy) Only so many properties you can reside at. How much money can you spend in a day. At which point, logic would entitle one to invest it into something worthwhile and be charitable. 

   If you work arduously to gain wealth and a good life. Would you want to go back to anything less? Of course not! 

A box on the bed with a million dollar neatly stacked
  My view point is this, if I knew someone had one million dollars and by the next year they were broke. I'd be a bit upset at them. How could someone blow away a million dollars?  Yes,  I'd be disappointed cause I know I would have done something differently.

   How many of us have been at the office or workplace. And been asked, what would you do if you had a million dollars?

   Now, I've been in this scene a few times myself. And 85% of the time, people have had a fairly decent response on their spending habits with that million dollar.

   Paying off  bills, buying a home, giving a little something to their closest relatives are the typical responses.

   However, I love it when I hear the ones that get a bit more defined. Knowing about savings, investing and buying property. 

DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on my links.

   Before we go into the body of this post, which is doing what the wealthy do to remain financially independent. I  also want to take a look at several view points surrounding the pros & cons about wealth! Along with some of the causes why there are people who never obtain prosperity while others do. 
Sometimes over & over again.

When it comes to wealth & riches.........

Let's make one thing perfectly clear that the two are different. Yes, they really are.

Rich technically is having enough money for a comfortable living today. One can afford the luxury of life NOW!

Wealthy - in it's simplicity, the wealthy are rich for generations. Wealthy beings have not only their children life's financially secured. They have their grandchildren children secured.


 The theme itself  (creating wealth or riches) can be a little like politics to some. Sure, most people want to EARN their fair share. Even aim to become a little secure & comfortable with the abundance in life. 

   Some will and have commit unspeakable crimes to control it. And be controlled by it.  Others fear it all together. Being as.......
Money is the root of ALL evil!

Begging poor person with a rich wealthy person
   I personally, struggled for years with my own demons. One of them being that money would change me. Or I would forget where I came from if I was to wealthy. (You would be amazed at how many feel like this). Another was my negative sub-conscious mindset. Mine, the fear that I might not be around tomorrow, so I'll live and spend day by day, pay check to pay check. Many others do just that in their own lives.....sabotage their future with reckless financial thinking.

A luxury home with a lavish back yard with a large beautiful pool and patio
   Which brings us to the core of this post.....changing the way we think about money. Doing what the wealthy do, point blank!  There's nothing wrong with being wealthy. Nothing at all. That's just it! The only unsound belief in becoming wealthy would be how one gains that wealth status. An honest hard working effort, should NOT demean anyone from enjoying their spoils nor the lifestyle because of your assets! 

   Those of us who have had that negative mentality, have to realize that somewhere somehow, someone or something implanted a virus in our conscious that has conditioned us to that way of thinking. It did not happen over night and will not be cure nor debug/rewire itself over night! 

 Dividend Stocks

   You must simply, re-condition your thoughts. You must want to be wealthy. Picture yourself in that nice home, taking great trips. Surrounding yourself with readings, pictures, videos and people who you will interact with on that level. 

   Mapping out a plan, fine tuning those steps every single day. It's one thing to see or dream the end goal yet, entirely another level to get there. 

   Picturing yourself helping others, because giving back is essential to wealth building. But, you must help yourself first in order to be able to help someone else. To empower others you must first empower yourself. 

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   Wealthy people believe it or not, generally don't spend crazy money. Just cause they can doesn't mean they do. If you think about it, that would seem to go hand in hand with being wealthy. Mostly, because they invest.
   Control self-gratification. Stop living day-2-day. Learn saving techniques, budgeting habits. 

    Stop putting off tomorrow what can be done today! Just get it done and out the way. And move on to the next step or goal.

   It will take time. There will be many up's & down's, setbacks......disappointments, rejections not to mention failures. All of which are needed so that you will learn what you are really made of. To build up character & strength.

Failure is the must ingredient in a well done success story. 


   To be honest with you, as I wrote in my success/failure. Failures and setbacks in our lives are simply a test. Do you really want what you are going after? 

   See, winner don't quit right? You are not failing nor undeserving of riches. You must also master the achievement, respect it, along with appreciating the efforts it took to fulfill it.

   Those that receive money fast, most likely will lose it the same way. That scenario has been played out time & time again. Ask any drug dealer, there are plenty of lottery winner that'll tell you the same. Whether they learned the hard way.

If one....lives by the sword - surely they will die by the sword.

   Earn it by honest hard work, play hard honestly. Hard effort includes putting in sacrifices. Giving up the now for the tomorrows

   Remember we are changing our thought process, the attitudes & those nasty bad habits.

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   Understanding that once those old habit and thought patterns are broken. You can now began to think in earning money passively.  You will still need to put in the work, the 9-5  or even overtime. Because you must now think about having while putting that money to work for you. 

   What is your you have a meaningful reason behind getting wealthy. 

What is your WHY

This must become your passion. 

   Have something that gets a fire lit underneath that ass. Believe me, when you are passionate about something you're going to go for it. You're going to want to get it done. That's when you know your heart is in it for the long haul.  That it's a true destiny and not just a fad nor wish.

   You are going to have to take risk, get use to it. Do the necessary research, footwork and due diligence. Remember, at times actions will not always come out in your favor. You will understand why it didn't later. These are your learning curves. It could be telling you, it's time to do something different or try harder. Time will inform you on which!

Definition of insanity is doing the same thing over & over again then expecting a different result.  

 ChartMiner Investment University
That above statement was put there for a reason. Read, learn & carry it within you. 

        It does mean something!

  Passive income simply means you are making money without you directly participating in the venture. A savings account is a passive income. It is sitting in a bank making you more money without you doing anything more than the initial work.

   Writing a book, producing a song or music album, making a movie. Opening up some franchised stores ALL are passive income. What do they ALL have in common?

Doing something once, get paid over & over again for the effort.

   Owning rentals, investments  & real estate are also passive income. And here we are. The point in which this post supplements.

Warren Buffet says it clearly, "Don't depend on a single source for income (to build wealth). Make investments that create multiple sources."

Invest, investing & investments 

Yes, another  attribute the wealthy & rich ALL have in common? They invest!

   They take their money, buy into an investment and hold onto it for a long long time. Over time as the markets whether it be stocks & bonds gradually climb. So does their value as well as their profits. It sounds simple and it is yet. The hard part is your initial monetary investments. You first must come up with the investment dollars, then learn how to pick great stocks and study how the market system works.

   As we continue further along these postings, we will dissect the many path that will strengthen our knowledge base. It will seem daunting, confusing even tedious. One lesson we surely will gain........patience. Patience will win the game. Building you a secure financial network must include it.

  So you might be thinking, yeah not for me. Maybe YOU are one of those that have that bad habit, falling into your old caution or fearful of failure ways. 
   That is why I put those words at the top of the page.........


Then get WEALTHY

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Copyright © 2017 Andrew Hayes All Rights Reserved
DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on my links.