What if there is a genie granting you unlimited wealth?

[S3VIDEO file=’M043-grant-unlimited-wealth.mp4′] Of course it is just “what if”… You better believe that there is no such thing as a free lunch so that you can work hard and smart right now. Buying lottery ticket is one of many ways to still believe that one’s dream can come true and money will fall from the…

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Recycling Millionaire

[S3VIDEO file=’M011-recycling-millionaire.mp4′] A tramp who scavenged for cans and old sandwiches for 40 years has died leaving behind a secret fortune worth nearly £1million. Known as Tin-Can-Curt, Curt Degerman, 60, had been known around his home town of Skelleftea, in northern Sweden, as a harmless eccentric who picked up tins to sell for pennies to…

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Buy a cheaper version

[S3VIDEO file=’M042-buy-cheaper.mp4′] Here is one habit you can cultivate. Once it has become a habit, you will be able to save a lot of money every year. Whenever you want to buy something, google the item and add “cheaper version” in the search keywords.

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Rat Race

[S3VIDEO file=’M015-rat-race.mp4′] Life is a rat race to most people. It simply means that you are not going anywhere if you keep doing the same thing over and over again. You only have one life to live. Don’t spend two-thirds of it in a cubicle. It is how you run your life that differentiates you…

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Suicide and Stock Market

[S3VIDEO file=’M040-suicide-stock-market.mp4′] You must have heard stories about the stock market “crash” of 1929 causing dozens of people to commit suicide. Many people indeed did lose their entire investments. But was there more people seeing death as the only way out? There is no evidence that anyone leapt to their death because of the market…

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Saving money to be Robbed

[S3VIDEO file=’M016-save-to-be-robbed.mp4′] The first rule in personal finance is to never spend more than you earn, so that you will have something left for saving purposes. The problem is that there are people who in fact save so hard. Some old folks don’t even trust the bank to put their money into merely “numbers”. That’s…

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How banks make their profits

[S3VIDEO file=’M038-using-bank-money.mp4′] We give the banks our money to keep it safe and earn some interest income. Meanwhile, the banks turn around and lend the money to someone else in order to make money by charging a higher interest rate. Banks can legally extend considerably more credit than they have cash. Still, most of us…

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Double your money fast

It is very hard and almost impossible if you’ve never done it. On the other hand, it is very easy and simple for those who had already done that a couple of times. Ask someone who is working for a regular paycheck. He definitely has no idea how to double his money fast. “The safe…

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What’s your passion?

Those who are successful work on their passion. If not, they are at least passionate about their work. When they lose their passion for work, they finds ways to gain the love for their job again by Meeting passionate people in their industry Building up better working relationship with colleagues Pick another new and more…

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Effects of Inflation

Inflation weakens the function of money as storage of value, because each unit of money is worth less with the passing of time. The most immediate effects of inflation are the decreased purchasing power. Depreciation is especially hard on retired people with fixed incomes because their money buys a little less each month. Inflation is…

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