What You Need To Understand To Invest In Real Estate

Investing in real estate scares some people. Understanding just what will happen when you invest, and even how to do it, can leave most people bewildered. This article’s been assembled to supply you with the some easy, but effective tips on entering the exciting field of real estate investing.

Remember that real estate investing is all about the numbers. When you’re buying a home to live in, you may get emotional about the place, but there’s no room for that in investing. You need to keep your eye on the data and make your decisions with your head, not your heart.

Do not be afraid to spend money on marketing. It is easy to just focus on the numbers and get fixated on how much marketing is costing you. However, it is important to think of the marketing as an investment in and of itself. If done the right way, it will only benefit you in the end.

Keep an accountant on speed dial. You can be aware of tax laws and current taxation; however, there are many variables to keep in mind. A good accountant, that understands and keeps abreast of tax laws, can be an invaluable asset. Your success with investing can be made or broken by your approach to taxes.

When negotiating, you should limit the amount of talking you do. You will be surprised at how often someone will do all the work for you just by letting them speak. Also, because you are listening, you will catch the right moment to strike for the price you seek.

As you look for investment properties, seek those that are likely to grow in value. Purchasing anything near water or close to other businesses will be beneficial to you later on. Think about the big picture and the chances its value will increase.

Don’t let your emotions cloud your judgement. Choosing a property to invest in should be a business decision, not an emotional one. It can be easy to get attached to a house or really fall in love with a location. Try to always look at things objectively. Shop around for the best deal without getting attached to one of the first few places you look at.

Find a contractor to work with that you can get along with. There’s no reason to get someone to help you with fixing up the real estate you invest in if you don’t like how they operate. You can save yourself a lot of frustration if you just find someone that you know will work well with you.

Stay away from deals that are too good to be true, especially with investors that you cannot trust or do not have a good reputation. It is important to stick with those who have a good reputation because getting ripped off in this business can cost you a lot of money.

Build your real estate investment buyers list with online ads. For example, you could use social media, online ad sites such as CraigsList and/or the local newspaper to draw attention to the properties you have on offer. Be sure to retain contact information for every person who shows and interest so you will have a well-rounded contact list as you accrue new properties.

Know the value of your time. You may enjoy renovating properties, but is the time you’re spending on it time well spent? Consider if you could better spend your time by searching for the next opportunity. If you are able to outsource certain jobs, then you should do so. It’s worth freeing up your time for the more important aspects of your business.

Don’t buy property in a bad neighbourhood. Pay close attention to where a property you are interested in is located. Make sure you are very thorough when looking at the area. Homes in bad neighbourhoods are often low-priced. The property could be at risk for being vandalized and may be hard to sell.

If you are thinking about purchasing rental properties, consider hiring a property manager who can help you screen qualified tenants. Because rental payments are likely to be the source of your mortgage payment, your tenants need to be reliable. Otherwise, you may end up losing money.

Before you buy investment property in a neighbourhood, find out if the city has anything planned for the areas surrounding this neighbourhood. For example, you would not want to buy in an area if the city proposed to turn an area into a landfill. If there are positive improvements on the horizon, this may be a good investment.

Don’t let a real estate investment deplete your emergency reserve or cash fund. When you invest in real estate, you’ll often not be able to access the money for a while. Don’t let this situation destroy your ability to live from one day to the next.

Know what you should be looking for in a property based on current trends in the market. For example, if you’re going to rent out the properties you buy, then it’s best to have units that are for single people, which is a current trend. Another example is to ensure any home you buy has three or more bedrooms because it will be easier for you to sell or rent to families.

As you see, there is a lot of information to learn regarding real estate investments. This article has provided you with the proper foundation concerning real estate investing. So, remember what you have learned, keep learning and get into real estate investing today.

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The Central Theme of Rich Dad Poor Dad by Robert Kiyosaki – Look For Assets Not Liabilities

Rich Dad Poor Dad has been reviewed by many writers. The book, written in 1997 by Robert Kiyosaki, immediately became a success. The concepts expressed therein are the foundation of Robert Kiyosaki’s Rich Dad book series.

Rich Dad Poor Dad expresses a number of concepts that seem contrary to the established norms of accounting and finance. Robert Kiyosaki defines an asset as anything that puts money in your pocket and a liability as something that takes money away from your pocket.

In Rich Dad Poor Dad and indeed the entire Rich Dad series, Robert Kiyosaki encourages his readers to look for assets and avoid liabilities. This is the key message to those who want to become wealthy and prosper financially.

Based on the definition of assets and liabilities is the concept of making money work for you instead working hard for money. Money works consistently and diligently for a wise owner multiplying beyond expectations. You cannot become rich by working for money.

You earn passive income when you get your money to work for you, a concept explored exhaustively in Rich Dad Poor Dad. Passive income is the foundation of wealth as it gives leverage to your efforts. After setting up an income stream, it continues to make you money while you sleep.

The Rich Dad Corporation has three main shareholders: Robert Kiyosaki, his wife Kim Kiyosaki and Sharon Lechter. The three of them are co-founders of the RDPD Corporation under which they have produced a range of RDPD books.

Kim Kiyosaki has written her own line of Rich Women, Poor Women which is based on the same basic principles expressed in Rich Dad Poor Dad but is directed to a different audience altogether. Riding on the back of her husband, Kim Kiyasaki’s books have also been very successful, drawing millions of satisfied readers.

Robert Kiyosaki has influenced the lives of millions around the world through his books, helping many to become aware and get rid of doodads, thus eliminating liabilities from their financial life. He has conducted millions of seminars and training programs. He is dedicated to educating humanity in business principles and handling of personal finances, thus helping them to escape poverty.

The Rich Dad Series gives many practical examples of how to grow money using real estate, the stock market and business. The books confirm Robert Kiyosaki’s qualities as educator and motivator, and his understanding of economics and money concepts. Employing skills as educator and his knowledge of money matters, Robert Kiyosaki has been able to build an empire on the concepts expressed in Rich Dad Poor Dad.

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Constraints on Participating in Leisure

In “Constraints to Leisure,” Edgar L. Jackson and David Scott provide an overview of the field of leisure constraints research as of the late 1990s. They point out that originally researchers in the field studies what was then called “barriers to recreation participation,” but the word “barriers” refers to what is now considered only one type of constraint – something that intervenes or prevents one from participating in an activity. But now other kinds of constraints are recognized, including one’s interpersonal and intrapersonal influences, which lead one not to take part in leisure. In additional, Jackson and Scott explain that the word “leisure” is used rather than just recreation, since it is a more inclusive term, and the word “participation” was also dropped, since leisure research doesn’t only involve whether a persona participates, but what they prefer to do, where, and what a particular type of leisure means to them.

Jackson and Scott also discuss the three major ways of looking at leisure that have evolved since the leisure constraints approach began in the 19th century. It began with considerations of “barriers to recreation participation and leisure enjoyment” based on the assumption that the main issue to address was service delivery, so that people would participate more if there were more services provided.

Then, starting in the 1960s, the focus shifted to looking at how particular barriers might affect the participation by individuals with different economic and social characteristics. Later, in the 1980s, the notion of constraints emerged, and the researchers realized that these constraints might not only be external, such as in the form of a facility or service, but could be internal, such as a constraint due to psychological and economic factors, or to social or interpersonal factors, such as a person’s relationships with his or her spouse or family.

Since the late 1980s, it would seem that three major concepts about the constraints affecting involvement in leisure activities have emerged, as described in a model proposed by Crawford and Godbey in 1987.

1) The structural or intervening constraint is one which affects someone from participating in some type of leisure, once the person already has indicated a preference for or desire to participate. As conceptualized by Crawford and Godbey, these structural or intervening constraints are “those factors that intervene between leisure preference and participation.” (p. 307). Research based on this conception of a constraint generally involves doing a survey to identify the particular items standing in the way of participation, such as time, costs, facilities, knowledge of the service or facility, lack of a partner for participation (such as a partner to participate in a doubles tennis match), and a lack of skills or a disability. The assumption underlying this approach is that a person would participate in any activity if not for these constraints, which seem much like the barriers conceived of when that term was in use. In looking for patterns and commonalities, using various quantitative methods such as factor analysis and cluster analysis, researchers found support for certain common structural and intervening constraints, most notably: “time commitments, costs, facilities and opportunities, skills and abilities, and transportation and access.” Additionally, the researchers sought to look at how different groups in society were constrained in different ways, such as women, or groups based on age and income, eventually leading researchers to recognize that most constraints are experienced to a greater or lesser degree depending on personal and situational factors.

2) An intrapersonal constraint is a psychological state or characteristic which affects leisure preferences, rather than acting as a barrier to participation once a person has already developed those preferences. For example, intrapersonal constraints which might lead a person not to develop particular leisure preferences might be that person’s “abilities, personality needs, prior socialization, and perceived reference group attitudes.”

3) An interpersonal constraint is one which occurs due to one’s interaction with one’s peers, family members, and others, leading one to think of certain leisure activities, places, or services as relevant or not relevant leisure activities to participate in. For instance, based on one’s understandings from interacting with others one might consider certain types of leisure to be inappropriate, uninteresting, or unavailable.

Although a hierarchical model was proposed by D.W. Crawford, E. L. Jackson, an G. Godbey to combine these three concepts into a single model, based on one first forming leisure preferences on the intrapersonal level, then encountering constraints on the interpersonal level, and finally encountering structural or intervening constraints, it would seem there is no such sequential ordering of these constraints. Rather they seem to act together in varying ways and orders, though Henderson and other researchers have sought to combine intrapersonal and interpersonal constraints together to become antecedent constraints.

Whether such antecedents constraints exist or not, another way to look at whether people participate in a leisure experience based on the way they respond to a perceived constraint. If they participate and want to participate, that would be described as a “successful proactive response.” If they don’t participate though they would like to do so, that would be considered a “reactive response.” Finally, if they participate but in a different way, that would be called a “partly successful proactive response.”

A good illustration of this response to a constraint approach might be a mountain climber who suffers a disability. The climber who gets a prosthetic and climbs the mountain himself might be considered to be showing a “successful proactive response.” The climber who decides to abandon the sport might be considered to be showing a “reactive response.” Finally the climber who is helped to climb the mountain by a team of other climbers might be considered to be engaging in a “partly successful proactive response.”

These ideas about constraints might be applied to how individuals get involved with some of the activities I have organized through several Meetup groups I run. These include an occasional Video Potluck Night, where people come to my house to see videos which I get at Blockbuster; feedback/discussion groups for indie film producers and directors, which might be considered a form of leisure, since most attendees are producing and directing films during their leisure time, often for free, and they have other paying jobs; and several teleseminars on writing, publishing, and promoting books, which is also more of a hobby for participants, since they hope to get books published, but have other jobs.

Structurally, some individuals who might attend these Meetup groups may be constrained because of the common structural problems that have been identified, including time commitments, costs, facilities and opportunities, skills and abilities, and transportation and access. Some people can’t attend any of these activities, because they have another event to go to at that time or they may have extra work to do, so they can’t spare the time to attend. Though there is no cost for the meetings, some people may be constrained by the cost of getting to my house, including the gas and toll from San Francisco, Marin, or the Peninsula, and the cost of contributing something to the potluck (which many people have to buy because they don’t have the time to make something).

Another constraint is that some people may be uncomfortable about going to an event in a private house. Some may not attend the discussion groups or teleseminars, because they feel their skills are not yet up to par, although they hope someday to become a produce and director or finish their book. Some may not attend because they have problems with access, since they have trouble getting to my house if they don’t have a car, because they have problems getting there by bus or BART (which are 1-3 miles from my house respectively), and they can’t get a ride. And if someone has a serious disability, they will have trouble getting into my house, which is not wheelchair accessible.

The intrapersonal constraint may come into play when some people decide not to come because they feel uncomfortable in large groups or meeting new people, such as to the Video Potlucks, since these not only involve socializing before the film over dinner but then sharing during introductions and in a discussion of the film after the showing. Others may not come because they fear opening up and showing the work they have done since they fear criticism.

The interpersonal constraint may occur when some people decide not to come because their friends or family may be doing something else or their peers may put down going to the activity. For example, their peers may be interesting in attending and discussing first run films in theaters, whereas my video potluck nights feature films on DVD from Blockbuster that come out about three months later than a theatrical release. Or their peers may discourage them from attending a director or producer discussion group, since they will be discussing their work with others who are similarly trying to break into the industry or producing and directing small films as a hobby. Their peers may claim they should only go to programs where they will meet people who are already established in the industry or convince them they don’t need any more feedback, since their project is already very good.

In short, these three concepts can be readily applied to understanding participation in the leisure activities I organize.

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The Oath of a Kundalini Yoga Teacher

“The Oath of a Kundalini Teacher: “I am not a woman. I am not a man. I am not a person. I am not myself. I am a teacher.” ~ Yogi Bhajan

I have a confession to make. I struggled with The Teacher’s Oath when I started my Kundalini Yoga Teacher Training. When I first heard it, I rebelled. What do you mean I’m not a woman? If I’m not a person than what am I? And if I am not myself, then who is me? I didn’t get it and it confused me immensely. Who was this guy to tell me that I’m not me? Can you say “resistance?” How about that for a great start?

In this article, I’ll explain about The Teacher’s Oath and what it means to me now compared to my first impression. I’ll also touch on the key ethical responsibilities a KY teacher has in terms of service to students, personal conduct, and roles. And finally I’ll bring in my relationship to the teachings and to the source of the teachings.

Gurmukh Kaur Khalsa, of Golden Bridge in Los Angeles, says that, “as Kundalini yoga teachers, [we] take this [Teacher’s] Oath. It sets the precedent as to why we are there and what we are to deliver: these sacred teachings. Our purpose is to deliver the student to himself-not to the teacher. We are there to inspire the students.”

How do I feel about The Teacher’s Oath now? It is about uplifting humanity! Yogi Bhajan gave the Teacher’s Oath as a reminder to keep our ego out of our teaching and to always respond with what is in the best interest of the student. He is trying to teach us to “shine the soul of the student,” not to shine our own egos. It is about being a messenger of the teachings; being a vehicle and letting it flow. The Teachers Oath reminds us to be the teacher and to uplift the soul of each student.

Hand-in-hand with the Teachers Oath are the ethical responsibilities a KY teacher has. These responsibilities are three-fold. First, is ethical responsibility in terms of service. As a KY teacher it is essential to keep the purity of the teachings and to teach them in a way that is selfless. It is the teacher’s responsibility to connect students to the flow of the teachings and to elevate the student to the awareness of the Infinite within them.

Second, is ethical responsibility in terms of personal conduct. This is about walking the talk and teaching by example. It is also about relating to the spirit, soul, and essence of a person, not their ego. Additionally, the teacher-student relationships are to remain professional. Personal conduct is to be of the highest caliber and always from a place of deep care, respect, and concern for others.

The third and final piece is ethical responsibility in terms of role. As a KY teacher you need to let go of your identification with your own success or failure. In this role, a KY teacher needs to identify with “being a teacher” as an infinite task. It is about being mindful of the students (ability levels, never being harassive, honoring all belief systems, and keeping confidences). In terms of the role as a KY teacher, choose right over wrong, ethics over convenience…these are the choices that measure your life (not just your teaching experiences). Travel the path of integrity…for there is never the wrong time to do the right thing.

To close off this discussion, it is important to bring in what my relationship is to the teachings and the source of the teachings.

My relationship to the teachings is one of respect, consideration, love, appreciation, gratitude, and service, always, at all times, regardless of my particular momentary feelings and opinions, because that is the attitude I need to have toward my very Essence.

As for my relationship to the source of the teachings, it was difficult in the beginning. As a pure Sagittarian, I am often desperately unhappy in regimented situations as I tend to become bored and restless, and I also resent authority. So, to come to this type of spiritual teaching that is based on the tradition of a guru transmitting the wisdom was an interesting choice. I know that, typically, people surrender to the guru to lead the way until you have the discipline of the pure teachings. It all shifted into greatness once I started to trust my teacher and surrender to the experiences. Now, KY is a proven step-by-step system to walk my own path. It is all LOVE…pure LOVE. I surrender my ego to my soul. I came to explore the knowledge and didn’t know that the knowledge would start to explore me. It was about the wisdom of yielding to, rather than opposing, the flow of life.

I get it now…just as Mark Ciaburri claims, “My whole being moves toward these teachings. I love what I am learning, and unlearning.”

©Copyright 2010 Kundalini Yoga With Sharlene Starr. All Rights Reserved.

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Starting A Business – What Steps Should You Take First – Part 1

When I started my business I looked at many items and hyped up make money now type things and found most were not what they said they were. I finally found the products I wanted to sell and signed up with the company. So now I'm ready to start selling my products right! WRONG. You must do more research.

Q1: What else do you need to research?

A1: What type of ownership are you going to use? There are several types such as sole owner, partnership, scorporation, corporation. You should research them and find which will work best for you. Depending on what type you choose to use determines what state agencies with which you will need to file.

A1: One thing about partnerships you MUST DO is ask yourself will your partner actually DO THE WORK! I tried several partnerships only to find out that my partners talked a good game but when it came to results there was always an excuse as to why something was not done. Needless to say those partnerships are no longer in existence. A good rule of thumb is to ask yourself if they are already making excuses for small things what will happen when a deadline MUST BE MET. No the odds are they will not get better at handling responsibility.

A2: What business name are you going to use? If you are using an assumed name such as jbf enterprises you need to register your assumed name with the state. In Illinois you have to register the name and put an ad in the local newspaper and run it for five days this will cost a few dollars and may vary. If you are using your real name you do not need to do this.

A3: You need to find out about sales tax. If you are doing an online business you may need to charge tax for items sold in your state but not in other states. DO NOT skip this step, if you do not collect tax and you were suppose to be collecting tax, you could LOSE the business you worked so hard to create. You will charge the customers the tax so PAY the government. You may also get a tax exemption on some of the items you buy for the business. If you are making a product, and buy a switch to go into the finished product the switch purchase may be eligible for a tax exemption. Ask your local tax agency they have great information and don't mind answering your questions. If you have an actual store then you will need to collect sales tax from everybody.

A4: I recommend a separate bank account for your business. Shop around there are different fees for different things such as credit card transactions, low balance, check fees, money transfer service charges and many more. One reason for a separate bank account is it makes tax time a whole lot easier. Another reason is It also makes it harder for you to take money out for personal use because you have to stop and think about it when you have to use a different checkbook. With the business and personal accounts together it is far to easy to say I'll pay it back later.

A5: Get some good accounting software and put everything in it. This makes tax time much easier. It should have a report manager and this can tell you many things like customer information, inventory and how much your spending on advertising and other controllable expenses. We tend not to look at the whole picture. We see $ 5 a week as not bad for advertising but at the end of the month we look at $ 20 dollars a whole different way. We begin to ask if we got our moneys worth. Remember a $ 1 here a $ 1 there adds up and a weekly or monthly report can shock you as to how much money you are actually spending.

A5a: The accounting software also helps keep track of tax deductible items. For instance rent of office space ex. I rent and my computer is in my apartment so I can deduct part of the rent. Same can be said for my phone if I use it for the business. My cable internet can be deducted as well as a percent of my utilities. Other items can include gas for the car, oil changes etc … Keep your receipts!

A6: I used an accountant at tax time no not h & r block or some service like that but an actual accountant. Talk to your friends and neighbors and find out if they have someone they use and like. No they're not that expensive I had my taxes done for about $ 110 dollars which was cheaper than when I had my personal taxes done the year before.

For help on promoting your online business read my other article. Website Promotion Services – for the New Online Business Owner it contains many free and useful tips on getting links to your website.

You can become successful if you do your homework. I've worked all my life and figure if I work as hard for myself as I do for other people then I CAN NOT fail. You can do it to! Thank you for reading my article and I hope it has helped you out.

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Confessions of a Bedroom Programmer

Sitting in the back of my brother’s car clutching my brand new Atari STE I happily declared I was going to be writing my first game soon. The Atari STE came with a selection of games I was keen to play but the image of STOS the Game Creator, a programming package which came with the STE, was the center of my dreams. The thought of being able to create any game I want, limited only by my imagination. Nothing in the world mattered to me at that very moment as I dreamed of hiding away with my copy of STOS Basic and creating my own games. Years later I have programmed countless pieces of code, a collection of popular games still displayed on various websites and wrote many articles on programming which I proudly display on my website to this day.

Programming can be highly addictive as I soon found out. I would come home from work and aim to be locked away with my computers as soon as possible. My mother would call up the stairs to tell me family members had arrived and I would reluctantly leave my babies just to walk to the top of the stairs to say hello. If they were lucky they would get my attention a bit longer if I came down for coffee. Times when I attempted a social life my conversation would be itching to come round to computers.

I ventured into the outside world in a desperate attempt to find an interest other than computers. I joined a karate class and actually started to enjoy the first year or so there, until visions of my babies started to occupy my mind and I started skipping lessons. Then one night in the club my Sensei read out a list of people who had the lowest attendance that month and mine was the lowest with just one visit. My Sensei glared at me with anger in his eyes and said: “If I want to go on my computer then get knotted” or words to that affect.

I have to confess that I am an addict when it comes to computers. It came to the point where I decided to leave karate class and spend more time at home hidden from the world – just me, my computers and endless cups of coffee which I would make just to have a reason to pop downstairs and see if my family are still there.

I discovered I had the programming bug at school when we learned how to type out simple programs on the BBC micro. Using drawing commands to draw simple shapes but it was enough to wet my appetite for programming. I got myself a Spectrum 48K and was soon learning basic commands, enough to write a small and simple adventure game.

Years later I was programming in STOS on the Atari STE and Amos on the Amiga 1200 and this became a big part of my life. My social life was at a minimum; often I had to push myself. I hated the idea of dealing with any situations outside of the bedroom. I was in danger of becoming a real loner who would happily shun the society and live in my own private world where people are pixels.

CONCLUSION

Thankfully I have improved over the years and have a better social life. However I found I am still happier being at home with my wife and my PC. I don’t have any regrets that I didn’t spend more time in the outside world. But I will still like to remind others that programming is a very addictive hobby and can lead to you become a sad git like me.

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The Difference Between Good Success and Bad Success

Do you desire to be a good success here on this beautiful earth?

Do you need the secrets that can ensure you record good successes in everything you do?

If you answer YES to these questions, then i believe you need to know the difference between good successes and bad successes

“This book of the Law shall not depart out

of your mouth, but you shall mediate therein

day and night that you may observe to do

according to all that is written therein: for

then you shall make your way prosperous,

and then you shall have good success” – Joshua 1: 8 (KJ2000).

The first time I read the above portion of the bible, I was inspired to understand that, there is a good success and a bad success.

Nothing support this fact other than the passage quoted above from the Scripture. The Word of God says if “you will hearken to the Voice of God, Obey His Commandments, Study and Meditate daily on His Word, you will have good success”.

The Word of God qualifies the noun “Success” with the adjective “good”. This simply means you will not have a bad success if you follow God’s rules during your success journey in life.

What then, are a good success and a bad success? How do you differentiate a good success from a bad success? How do you recognize someone with a bad success and someone with a good success?

Good Success

I have tried to carefully study the lives of people in the bible days and those of present times and I found out that there are actually some people with good successes.

I was able to reach a conclusion using my definition of success stated earlier on as a basis of analysis.

God

God Almighty enjoyed good success during the creation of heaven and the earth. He actually set the pace at creation, showing us how to obtain good successes in whatever we do.

“And God saw everything that He had

made, and behold, it was very good.

And the evening and the morning were

the sixth day.

-Gen 1:31 (KJ2000)

There were lots of obstacles which stared HIM in the face when HE was creating heaven and the earth but HE never allowed them to stop HIM.

“And the earth was without form and void and darkness was upon the face of the deep. And the Spirit of God moved upon the face of the waters”

-Gen 1:2 (KJ2000)

Yes, even a formless earth and the darkness would not prevent Him from achieving His aim.

“Let us make man in our image, after our likeness:

and let them have dominion over the fish of the sea,

and over the fowl of the air, and over every living thing that moves upon the earth.”

-Gen 1:26 (KJ2000)

He also transferred His “breath of Life” into Adam for him (Adam) to become a living soul.

What a loving and selfless God who strongly desired somebody to act like Him

There are countless numbers of people in the Bible who had good successes: Jesus, Moses, Apostle Paul, King David, Joseph, John the Baptist, Abraham, Isaac, Jacob all had good successes.

One thing is however, common with all these people and that is the fact that they fear God.

“The fear of the Lord is the beginning of Wisdom:

and the knowledge of the Holy one is understanding.

-Prov 1:10 (KJ2000).

You can become a child of God by accepting Jesus as your Lord and Savior and begin to live a life that has the fear of God.

You can expect to record good number of good successes in your lifetime as you do this.

Bad Success

I may not need to bother you with the stories of people who recorded bad successes in the Bible or even in our societies today but you will observe with me that this set of people also have something in common – they lived a Godless life.

You can study the stories of Pharaoh, the king of Egypt when the Israelites were in bondage in Egypt.

Cain who killed his brother Abel (Gen 4:8)

Herod the king who ordered the killing of all new born babies when Jesus was born (matt 2:13-23)

Satan who fell from grace to grass because of pride (Luke 10:18)

Judas Iscariot who betrayed Jesus ( Matt 26:36-46)

These People all recorded bad successes. One thing is also common to these people: they lacked the fear of God.

My dear reader, I want to believe you desire to be a good success. You need the fear of God in you to be successful in all you do.

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Understanding Opportunity Cost When Investing In Property

While most investors have got involved in property investing because they understand the opportunities to make money through leverage and capital growth or high yields, I still see and hear of many who do not fully understand opportunity cost.

Remember anyone that gets into property is usually in it to generate money or income – how many deals/properties you own is insignificant.

So what does opportunity cost mean?

Well according to the encyclopedia, “Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the benefits that could be received from that opportunity), or the most valuable foregone alternative. For example, if a city decides to build a hospital on vacant land that it owns, the opportunity cost is some other thing that might have been done with the land and construction funds instead. In building the hospital, the city has forgone the opportunity to build a sporting center on that land, or a parking lot, or the ability to sell the land to reduce the city’s debt, and so on.”

So in property investing terms, if an investor decides to invest £50k in a property in for example Wales, the opportunity cost would be what he could have made by investing in Spain, Ireland or Dubai. Or similarly if an investor decides to keep equity of 50k in a property, the opportunity cost is what he/she could alternatively have invested this money in and the resultant value.

Now again this will depend on your specific strategy – and many people are not too concerned about opportunity cost, they are just keen to buy 1-2 properties that can hold onto for 15-25 years to use as a pension. That is fine if that is your strategy – but for me that is too broad a strategy, carries risks and is not maximising the opportunities available.

For me I have always had a philosophy, rightly or wrongly, that I should always be working my money hard. What does this mean? Well as soon as I feel my money has made a significant return and the returns are likely to drop off, compared to other possibilities, then I will look at realising my profits and investing elsewhere ie when I feel the opportunity elsewhere is greater than the current opportunity.

The great thing with property is this does not necessarily mean selling, as you can refinance, and invest money elsewhere.

This is no different to any other type of investing, such as buying stocks and shares – you make/lose your money depending on what price you paid, and what price you sold at – although clearly with property is good opportunity to earn a regular income as well – if hold onto for 15-25 years you should make money, but most likely will be a few scares along the way!

To be a successful investor, must know when to enter the market, and leave the market. And the people that do best buy low, and sell high!

I’ll give an example – while buying off plan has now got a bit of stick in the UK – I have done it successfully over the last few years – but the key is having a clear strategy.

For example, by doing all my due diligence I have managed to buy property at the right price in right location, but then sold on within a year of completion as I felt that was the period I would see the maximum returns in – and opportunities would be greater elsewhere over the next 3 years.

So to go through the numbers, I have just sold one that I bought off plan last year 12 months before completion. I bought at a price that was already £10k below market value based on my research in an area that had little buy to let competition. This was secured with only a £5k deposit. On completion, I put another £28k into deposit – so tied up £33k of my own money. There was no stamp duty in this area.

I then put on market on completion, now even with things slowing down in the area, I have just sold it for a £23k profit. So I tied up £5k for 1 year, and a further £28k for 6 months, to get back £56k.

Why did I sell? Did I consider refinancing?

My first choice would have been to refinance and let out, but the rental would not have stacked up. So while the rental would have stacked up at the price I paid for the property, I would have had 56k in equity sat not doing very much for me. So as I do not forecast huge capital growth in the area over the next 3-5 years, and the yield was not attractive enough for me it was best for me to release this equity and find another investment – ie I felt there were better opportunities for me to spend my £56,000 on, to generate more money.

Now clearly when are looking into the future is element of risk and speculation and are no definite answers – so you are having to forecast as well as you can with the data currently available ie how you forecast interest rates, buying/selling costs, supply and demand, employment, the overall economy and market sentiment over the next time period in the markets/regions you are investing/looking to invest in.

Although opportunity cost can be hard to quantify, its effect is universal and very real on the individual level. The principle behind the economic concept of opportunity cost applies to all decisions, not just economic ones, for example when Steven Gerrard decided to stay with Liverpool last summer, his home club and where he is captain, the opportunity cost was what he could have achieved if he had moved to Chelsea. It will be interesting to see what he decides this summer- he may now feel the opportunity cost is too great to turn down.

Hope this makes sense, and remember to consider opportunity cost when next making an investment decision.

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Best Homeowners Insurance Companies: What Perks and Benefits Do They Offer?

There are so many good things about owning a home: you can fix it up and sell it for profit, rent it out to someone else to earn income, or simply live in it yourself and never have to worry about rent. The downside is that there is insurance to consider. There is a variety of coverage options depending on where you live and what kind of house you own. What is it that the best homeowners insurance companies offer?

When shopping around for house insurance quotes, you need to know exactly what needs to be insured and what is included in the policy.

Some of the things you might need insurance for include:

• Protection for the dwelling itself, as well as any other buildings on the property like a storage shed or detached garage.

• Protection for the contents INSIDE the dwellings, like electronics, jewelry, furniture, appliances, etc…

• Protection from any possible hazard that can cause harm to your property and contents, such as fire, flooding, hurricane, mudslides, and so forth.

• Liability insurance in the event that someone gets injured on your property.

If you live in an area that is prone to hazardous weather, it might be a good idea to get insurance to cover additional living expenses should you have to move out and stay some place else while damages are getting repaired.

The best homeowners insurance companies will allow you to view a summary of your coverage and even provide you with a sample of a policy when you sign up, before making your final decision. You should be given the opportunity to edit your coverage and policy settings such as the start date and deductible.

Canceling Your Policy at the Best Homeowners Insurance Companies

You should also be able to cancel your policy at any time. Some companies will even issue you a refund for the remaining period you have paid for.

While some homeowners are inadequately insured, other homeowners make the mistake of paying for more coverage than they actually need. Make sure you get just the right amount of coverage you need by going through a policy section by section to determine whether each type of coverage adequately protects your investment. There is such a thing as “OVER-protecting”.

What about other people who live on you property? If it’s a roommate or tenant, you will need a different type of policy. If it’s blood relatives, however, then the best homeowners insurance policy will automatically cover all of the residents in the household who are related to you by blood, marriage, or adoption.

You can learn more about house insurance by looking into services by Lemonade. It’s definitely among the best homeowners insurance companies. Lemonade has a unique “Giveback” policy to its clients, which is one of the many perks of choosing this company for your homeowners insurance.

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How to Get a Millionaire to Fall in Love With You

So, you have met your millionaire match. Good work. No doubt you spent the night wining, dining and finalizing plans to spend the winter in Barbados together. He didn’t seem remotely interested in anyone else. He told you that his down-to-earth family roots have kept him grounded. He said you were amazing.

Having spent more time dating millionaires than I have brushing my teeth, I am going to tell you exactly how to make this man fall in love (instead of just “in crush”) with you. I will also tell you the things that you will inevitably do naturally that will make you lose your man.

1. Do not let your initial spark dampen by being too available. The first thing you are going to experience is unfaltering uphoria. The time you spent with him was undeniably magical. Between refills of crystal champagne, you both had laughs and chatted about how similar you are. On anyone’s account, the sparks were flying. The problem here is that you will feel “too comfortable” for your own good. Remember that this man is the hyperbole of desirable – and every other woman he meets feels exactly how you are feeling. Be busy! If you are not busy, pretend! Return his calls a day or two late. Don’t excuse yourself for being too busy…a woman such as yourself should be expected to be busy.

2. Do not enter into conversations about how much you two “clicked”. This is the typical maneuver of a playboy. If he wants to talk about your “connection,” do your best to change the subject to something more neutral. If you can, change the subject to something fun you have been up to lately. Never let him know you have been bathing in his words. Resist the urge, as much as he eggs it on. He gets that from everyone else.

3. Never, never, never talk about money. Never. Under no circumstance. If he brings it up, change the subject. He is either testing you or subconsciously testing you. Do not do it. Ever.

4. Kiss him passionately, but do not sleep with him. I cannot stress this enough. If you have already done so, you might as well stop reading this because you have given up your power. You are not wife material to him. You are now a future booty-call. If you need an excuse to leave early, make one up. Better yet, make up something that sounds interesting, like early skydiving lessons.

Now, for the sweet honey nectar. How to make him fall in love with you.

1. Be easily amused, yet not overtly impressed. Millionaires are used to meeting women who are gold-diggers and it is such a turn-off. They have become used to spotting women who want them for their money by their easiest give away: nervous/googly eyes. If he orders caviar for $2500, go ahead and be visibly excited (he will love that) but don’t shy away and act coy. Get thrilled and show it – then change the subject away from what he is buying and onto something meaningful.

2. Be silly. Never be in a bad mood. Do not act like a princess. Millionaires love spoiling women because of the attention but it will not make them fall in love with you. Be funny, be quirky. Don’t be a princess. Be the girl that you are when you are having a pajama party with your girlfriends.

3. Be financially secure. Whether you are or not, give the impression that you have life by the horns. (Just to reiterate, never actually talk about money.) You never want him to get the impression that you are trying to get him to pay for your bills (hopefully, you are not doing that anyway). Financial security is attractive, especially for millionaires.

3. Always get off the phone first. This is an easy one.

4. Get him to do something he has never done. Whether it is trying a new food or experiencing something in the city he would never otherwise do. Maybe even a walk through an undiscovered park. A millionaire is not used to being out of his element. And just like it is for you, new is always exciting.

Congratulations on your new find. Without a doubt, you can this millionaire fall in love with you. It is to your advantage that every other girl he is meeting is making the mistakes I mentioned above. Best of luck!

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