Sam Seiden Webinars, particularly the first one on the list below, can teach you how to avoid trading on the turning points and invest on the trend.

23 Sam Seiden Webinars at Forexfactory.com.

www.forexblog.org For Currency Trading News & Analysis

Other useful news sites:

Business Insider
CBS Markewatch

“Both of us pay off our credit cards monthly so we don’t pay interest charges which saves us a lot of money monthly. Paul sold his car back in 2005 – no car payment/fuel/insurance/maintenance costs. Christine’s car was paid off, was very reliable and got great mileage. We stopped eating in restaurants, going to movies, going to live shows and drinking expensive coffee drinks. We made large dinners at home and used the leftovers to pack lunches for work everyday. We also drank water at dinner instead of beer/wine/soda. (that one was easy, every time we wanted a beer we would say ‘we could buy one beer now or four beers in Thailand!’)”.

You don’t need to be a financial guru or have a trust fund but it does take courage to say No to friends and peers and avoid spending money on bars and restaurants week after week.

I would also add: Say no to a few social commitments and commercial holidays and you’ll be amazed at how much money you can save.

To read learn from this smart couple check out their blog at Bert & Patty. (Note: You can read these tips on their FAQs page).

“Should I start with a business that can quickly help me generate some online income and then later follow my true passion or should I work on something I’m truly passionate about?”

Having spent years doing jobs that only paid our bills, many of us, when faced with the choice of starting our own business, tend to follow the “safe” route and pursue what we think may be the most practical or conventional way to generate cash.

While it is possible to build a business based solely on the need to generate income, if all we care about is making money then perhaps a better choice is to just get a job. Otherwise, what’s the point of working our butts off to build businesses we’re not really excited about?

Long term, taking the ‘practical route’ is not a fulfilling or sustainable choice.

Although starting an online business is fairly inexpensive, maintaining a blog, creating a product, doing social media, link building, creating landing pages are all tasks that require consistent, ongoing effort and a considerable investment of time. If you’re not following your passion, this can be painful and over time difficult or impossible to sustain. You may be able to do it for six months or a year but eventually, you’ll run out of steam and quit.

I strongly believe it is worth spending some time figuring out how to create a product or service that will get you a step further towards the achievement of your lifetime goals.

Ideally your first, second and third product or idea should move you closer to fulfilling your long term vision of the life you want to create.

A good rule of thumb is: “don’t even start working on something you can’t see yourself doing in 5 or 10 years”.

Learn to Live in the Zone of Uncertainty

On a recent conference call, I heard a successful travel blogger admit: “when I started blogging, I had no idea how I was going to combine my passions, skills and interests to create a business”. Brooke (of Business Backpacker) has managed to build a fun and profitable location independent business that supports her passion for travel. “I actually can’t do things unless I really love them”, writes Brooke in her About page.

Building a business that is aligned with our vision, goals, values and passions is an organic and constantly evolving process that can take months or even years and maybe a few misses before finally succeeding.

If you are able to align your passions with the three main markets: Health & Fitness, Making Money and Relationships (the three most basic human needs according to Abraham Maslow’s Hierarchy of Human Needs), you’ll have a greater chance of finding a profitable niche.

For real life examples of businesses built around passion, think of Starbucks, Ben & Jerry’s and the creators of Life is Good.

Yes, it is possible to have fun and make money.

Work, play, love and live with passion.

Everybody needs beauty as well as bread, places to play in and pray in, where nature may heal and give strength to body and soul.   - John Muir

1) Take the kids to a petting zoo.

2) Treat yourself to a body, mind and soul experience by taking a hike. All you need is a comfortable pair of hiking shoes and a day pack.

3) If you’re near a large body of water, try stand-up paddle boarding (SUP). You’ll get a great overall work out and it’s easier and more fun than kayaking.

Enjoy!

To get your free copy check out their site at M6Method.

Below is a quick preview of what you’ll find in this guide:

Expertise vs. Passion

“So, which one do you choose? I’ll make this easy for you and tell you: go with the one that leverages unique or specialized expertise, especially if it’s in a professional context”.

“Passion is often more about sharing than solving, and it’s harder to sell someone excitement than expertise”.

“I’m going to get hell for saying this, but it’s the most direct way to achieve our outcome: focus on building profitable products, solving real problems, or satisfying genuine desire”.

“If you feel intense passion for it, all the better – but don’t make that you’re exclusive criteria”.

“Trust me when I say this: you will have plenty of time to explore your passions, without concern for monetizing them, once you’ve created a stable flow of income. Focus on that first”.

(This is great advice, however it doesn’t seem to work well for many people including myself. I must love what I do).

For a good dose of reality, read the section sub-titled:

Why No One Buys Your E-Book

“Plenty of people are going to consider me an ass for this, but it has to be said. Dancing around harsh realities isn’t helpful or respectful to anyone. I want to show that I respect other entrepreneurs by pointing out ways they can be better, and might need outside perspective on”.

I love the sea and all things nautical and since I enjoy studying French, I’m delighted to find idiomatic expressions that are similar in Spanish such as “Contre vents et marées”, (literally: Against wind and tide) which translates into English as, “Against all odds, at all costs, come hell or high water, come what may, through hell and high water, through thick and thin”.

The following excerpt is translated from a French song.

Against all odds, dare to take off
Dare to turn the page, life is to invent
Against all odds, face the thunderstorms
Life is a journey where the risk is to love

Original French version
Contre vents et marées, oser prendre le large
Oser tourner la page, vivre est à inventer
Contre vents et marées, se frotter aux orages
La vie comme un voyage où risquer c’est aimer

Technorati Tags: Languages