Showing posts with label wealth management. Show all posts
Showing posts with label wealth management. 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
DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on links.

Sunday, February 4, 2018

D.W.W.D. - Do What the Wealthy Do ~ Why They Succeed!

Photo by Olo Eletu 

Anything worthwhile in life is ever free nor easy! Making money, going after goals and even planning your next vacation. All require's just how the world works. 
WORK, being the keyword here. Some will shed blood, sweat & tears. Others will simply work smarter.

Many of people over the years have tried to short cut, scheme, steal their way into financial freedom. One things is for sure........many have found that in the end, it all catches up with them evenually.

As I research to procure the path to my own prosperity. When it comes to building wealth, I have come across about a dozen traits that stand out. These characteristics are common among the very successful in our society. And it should cause all that aim to succeed to take notice on how the rich build wealth and obtain success in life.

There's been a long standing motto in the entrepreneur what your mentor does or take what the person you admire does and simple do what they do.  In our case, we are studying wealth building.......


1) Wealth accumulation or wealth building is purely about your mindset.

Mindset - To establish a set of perspectives within ones thought process.

The mind must be focus in a positive yet passion mentality. Your mindset is not an anchored entity. It must be nourished and developed. This stimulates actions like motivation & productivity. 

Wealthy people also have a leadership mindset. They only follow when they are learning. That learning turns into knowledge that transforms into wisdom. This mindset creates efficient leaders. And great leaders produce results.

In short, train your brain for complete success in the task at hand. 

Excellence is a Choice Video - 100 Day Challenge2) Know where you want to go! 
When you find your path, you must ignore fear. You need to have the courage to risk mistakes. But once you are on that road... run, run, run, and don't stop til you've reached its end.” 
José N. Harris

Direction is important!

You must first know or at least understand where & why you want to go.

You don't generally step out your door, jump in car or on your bike and then travel aimlessly. You have a set place where you want to end up at. Plus, why you wanted to go there!

This is as well in wealth you want to make an extra $500.00 a month? Is the goal $5,000.00 per month? Do you want assets of a million dollar by age of 40?

Define specific amounts and times, then plan to arrive at that destination!

If you have no good drive in you, your life will not be steered through a good direction. It will miss its destined station. Passion or drive is what moves the vehicle of a fulfilled life.” Israelmore Ayivor

3) Live life on your terms 

How does living life on your terms relates to wealth building?

To begin with a lot of us baby-boomers were raised up with the notion that if you go to school/college, get a great job, work your way up the corporate ladder. All would lead to this awesome life. Well, reality is, it isn't a pretty ride. Often times, we are sucked into an anomaly where that J.O.B becomes Just Over Broke!

2nd Quarter Video - 100 Day Challenge Car notes, house payments, student loans, bills bills and more bills. Before you know it your 40/50 years old and retirement is closing in fast. Where did all the years go? What happened to those dreams of travel, fine wines & epic adventures?

Live life on your terms means living the life that you were truly meant to live. It's is your biggest motivator. It should always inspire you to improve the quality of your life. Our life shouldn't be dictated by someone else time clock. 

Life is meant to be lived. With quality time with family and friends. Travels, hobbies and a sense of accomplishments. Financial freedom provides that type of lifestyle. 

Yes, live life on your terms! 

4) Read, that's right read! 

Every person worth more than a million $$$.....reads.

Not only is this a fact, they contribute their success to reading, a lot of reading.

"That's how knowledge works," Warren Buffett told an investment class at Columbia University. "It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it."

"Books were my path to personal freedom," Oprah Winfrey once said. "I learned to read at age 3 and soon discovered there was a whole world to conquer that went beyond our farm in Mississippi."

Reading increases knowledge, knowledge allows them to see opportunities. Reading improves their business sense, vocabulary, imagination, memory & creativity. Keeping them ahead of their competition. It also helps lower stress, while pushing you towards your goals. 

READ     READ      READ..........!

5) Don't make excuses

Another interesting trait of successful people.......they make no excuses. 

Excuses are just lies wrapped up neatly in reasons. As with any successful person, there will be failure. With a excellent leader they except responsibility. Great leadership except blame, then find ways for improvement.

"Ninety-nine percent of the failures come from people who have the habit of making excuses." ~ George Washington Carver

6) Invest 

Investing is not a savings account. Investing is having your money work for you over a period of time.

Investments creates wealth, just ask Warren Buffett. Mr. Buffett, one of America's wealthiest citizen with an estimated $76 Billion worth. Did so by investing, he give us these snippets........

"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value."
  "Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."

Investing is a great way to beat inflation, much better than your ordinary saving account.

Invest in stocks, over say bonds, simply because over time they usually perform better and is your best shot at the highest returns.

Property investments have also proven to be fruitful for many of the successful.

Having a balanced diversified portfolio will create a higher yields while minimizing risks.

Last but not least,
An educated investor can help you reach your financial goals. The stock market has compounded wealth over the long term.  And has historically doubled every 10 years.

 Think long-term!

7) Triple D's

Stay focus now, get your mind out the gutter. 

D.D.D stands for Don't Do Debt! Your biggest obstacle towards wealth building is debt. Eliminated it at all cost. If you can't pay for it in cash..........then you can't afford it!

No further explanation needed! 

8) Eliminate self gratification

An important mindset that is tied in with D.D.D., is self-gratification. The indulgence or satisfaction of one's own desires. 

You want it now, but you'll pay for it later. This is also a wealth building killer. Including myself, many many people remain in debt because of the urge to have it now. 

Practice delayed gratification, or deferred gratification, the ability to resist the temptation for an immediate satisfaction and wait for a later reward. 

Save that $5 today, have $5 next month.
Don't buy that flat screen now on your credit card @ $2,000.00 with principles over two years. Save for one year, buy the new improved model for $900.00 next year.
Invest that $1100.00!

9) Seek prosperity, abundance

Money is actually everywhere, even in bad economic times, money is out there. It's circulating some where. I was reading somewhere or heard this at a seminar. And remember this example about money: 

Take an item, sale it to someone. Now there are two situations going on here right now. 

Person 1) has money to buy or paid something. 
Person 2) has something to sale.

P1) now buys or pays for a product or service somewhere. This payment has now transferred between 3 people.

P2) decides to sale that item for a profit. P2) now has a payment (money) and has put a product back into circulation. 

That money is doing nothing but circulating.

I have always said to myself.....all I want to do is get caught up in that whirlpool of money. It's my version of the rich get richer. (I wrote in an earlier article......don't hate on the hustle who flips his profits.)

Think BIG, Dream BIG.......Do BIG things!  

10) Figure out a NEED then FULFILL it.

One way to build wealth is to create an income. We do this by starting that chain reaction mentioned above. Sale something that someone wants and supply it to them. 

Supply and demand, it's been done for centuries. Provide a better product, an improved service or simply offer an outstanding value.

Find a need and fill it.   ~ Ruth Stafford Peale

11)  Associate with those you want to be like

If you wanted to become a baseball player, would you spend your day around people who build cars all day? Your interest is flying airplane, why would you read books about sail boats? Have you every seen a drug addict hanging around a fitness junkie? It's kind of easy to understand the simplicity of this.

You are a product of your environment. I believe it was Jim Rohn that said it best........
“You are the average of the five people you spend the most time with.”
It will be that surrounding that will shape who you are and what you'll be come.

"It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction." ~ Warren Buffet
Successful wealthy people always have MENTORS!

12) GIVE back

You go to church, you know about tithe. Which means “10% of your earnings to your church,” yet in the Old Testament, it actually was 10% paid twice a year (20%) of your crop or cattle to the land of Israel. Just a little biblical knowledge

 All the same, giving back has many benefit and gratification.

This is be a conscious decision. Yet, giving is a spiritual being. Those that give back find that it does come back to them in some form.

 As in tithe, when you give 10%, you are likely to receive even more back. Is this a scientific fact or simply the law of attraction? 

There are however, tax-benefits as well. In most cases, one can deduct anywhere from 30% - 50% of your adjusted gross income in charitable contributions.  

At the end of the's a great feeling, so give when you can 😉

The Importance Of How You Execute the First 100 Days

To the best year ever,
Andrew Hayes

Goals We Get - 100 Day Challenge


Here's a little extra $$$Bonus$$$

If anyone is SERIOUS about accomplishing great things this year, they'd be wise to come out of  the starting gate fast, focused and fired up by making full use of the first 100 days.

Gary has created the most intense goal-setting program on the planet. It's all about getting massive results quickly, and starting the year fast.

The message is so simple, so powerful and so very timely. And the best part is that it has PROVEN to be one of the highest converting programs ever launched. It's both endorsed and promoted by almost every heavyweight to include Brian Tracy, John Assaraf and Early to Rise to name just a few. 

Click Here To Get All Of The Details: 

All the best in 2018,
Andrew Hayes


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.

Tuesday, January 23, 2018

Are Cannabis/Marijuana ETF Worth The Buzz.....opps, I Mean Worth The BUY?

 There's plenty of chat and buzz surrounding all things "Cannabis". Whether it be medical, recreational or governmental. The interest has never had so much enthusiasm or as much attentiveness as the marijuana/cannabis industry has in recent years.

As more and more states & countries are realizing not only the medical benefits of the notorious weed. They are succumb or better yet, enticed by it's financial rewards. There are huge gains & economical advantages within it's grasp. 

Cannabis Training University - Master Certification Here in the US.........

The tax revenues associated with the expansion of legalized cannabis has proving fruitful in every state. Colorado saw a 57% increase in state tax between 2015 & 2016. Across the board, theses states are seeing much higher tax collection than even from alcohol taxes. 

Despite the nasty history this plant has had to lived with. There is no denying that the benefits of legalization of marijuana/cannabis outweighs any past negatives. As I'm sure with most of the mentality in the political world....with states that have legalized marijuana having generated some $1.5 billion in tax revenues, Money talks BS walks!

There is a business side to the medical & recreational cannabis industry. which means there is also a financial side to it as well. Now, I'm not talking about the profits or taxation of the business yet, the investment side. 

As businesses develop and expand, the need for capital also increases. These legal marijuana business operate just as any other company. And just like any other company, they can be sold. as a private citizen can own a piece of that company by buying shares or stock. 

Navigating the varies options can be a little mind twisting. But, we will take one slice of that puzzle and present it to you. That option is called EFT. And they are doing very well, in the early stages of this young volatile industry.


Exchange Traded Funds - Essentially, is a group of investments packages together and traded as one on the markets. They are similar to mutual funds (kind of what you have in your 401K plan). You would buy shares of these packaged investments for long term, short sell or on margins that are within a particular index, say, the Dow Jones (DJIA), S&P 500, the Nasdaq or the Russell 2000

More popular now then they were in the early 80's when they were introduced. Most likely because they are less expensive to manage. Yet, their idea function is to trade at a consistent level as the index themselves. Meaning, fund manager use an investment strategy called Passive investing. Which tries to mimic the performance of the stocks within that particular index.  For instance,  your portfolio are groups of companies on Nasdaq. Whatever that market does as a whole, your fund manager will track and make adjustments accordingly. Typically, there are low turnover and lower management fees providing better returns.

ETFs To Watch For......

  • American Growth Fund Series Two Class E (AMREX) $4.82 +0.06 1.26%
  • Cronos Group Inc. (PRMCF) $9.31 +0.39 4.37%
  • ETFMG Alternative Harvest ETF (MJX) $39.19 +0.35  0.90% 
  • Horizons Medical Marijuana Life Sciences  (HMMJ) $23.87 +0.08 0.34%
  • Tierra XP Latin America Real Estate ETF (LARE) $29.24 +0.08 0.29% 

 01/23/2018 Market Summary

Dow Jones  @ $26.210.81 (-3.79   0.01%)

Nasdaq         @ $7,460.29 (+52.26 0.71%)

S&P 500   @ $2,839.13 (+6.16  0.22%)

 'HODL" On those cryptocurrencies!
  • Bitcoin - $10,876.65  -0.80% (24 hr. Change)
  • Bitcoin cash - $1,613.13  -1.09%
  • Ethereum - $986.84  -1.46%  
  • Ripple -  $1.35  +1.42%
  • Litecoin -$177.64  -0.58%
  • Neo - $122.20  +0.03%
  • Cardano - $0.560  -1.84%

My next 5 of 20 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

ARE    Alexandria Real Estate Equit ~

SYNA    Synaptics Inc. ~

IBB      iShare NASDAQ Biotech ETF ~

TWMJF  Canopy Growth corp ~

KEYS     Keysight Technologies ~

WeHit's 2018 PICK & TRACK  01/24/2018 
AMBA  Ambarella Inc $55.52 +0.78                1.51%             
ACBFF  Aurora Cannabis Inc $11.94 +0.29                2.48%
AVAV    AeroVironment Inc $52.94 -0.13                 0.24%
EXEL    Exelixis Inc $30.40 +0.96                3.26%
A      Agilent Techn. Inc. $73.44 -0.03                0.04%
HIMX   Himax Techn. Inc. $9.20 -0.22                2.35%           
HTC      HTC Corp$69.40 +0.10                0.14%  
RIOT    Riot Blockchain Inc $19.60 +0.12                0.62%             
SIEB     Siebert Financial Corp. $11.51 -1.03                8.21%                  
STM     STMicroelectronics $24.60 -0.32                1.26%                 
ARE    Alexandria Real Estate Equit $127.67 +0.35              0.27%
SYNA    Synaptics Inc. $44.90 -0.45               0.99%                 
IBB      iShare NASDAQ Biotech ETF $116.81 +1.29               1.12% 
TWMJF  Canopy Growth corp $29.49 -0.56              1.86%           
KEYS     Keysight Technologies $46.55 +0.08              0.18%  
VFFIF    Village Farms International  $7.16 +0.15              2.11%                    
O A         Orbital ATK Inc.$132.47 -0.26              0.20%
VRTHF  Veritas Pharma  $0.62 -0.01              1.20%                     
VTC       Vertcoins $4.30                       -4.23%  
VUZI     Vuzix Corp. $9.95 +0.70             7.57%    

DAILY  5  WINNERs & LOSERs  @ Sessions Close 
ResMed $100.35 + 12.73                14.53%

Mattel Inc. $17.76 + 1.67                 10.38%

Netflix Inc. $250.29 +22.71                 9.98%

Travelers Companies inc.$143.26 +7.00                  5.03%

Range Resources Corp $17.33 +0.77                  4.65%

SCANA Corp $41.16 -2.18                 5.03%

Johnson & Johnson $141.83 -6.31                  4.26%

Procter & Gamble CO $89.05 -2.82                 3.07%

Allstate Corp$101.25 -3.18                 3.05%

Ultra Beauty Inc. $228.79 -6.22                 2.65%


CTU Affiliate Program Signup


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.