Watch These 62 Minutes If You Need to Make Money in the Next 24 Months |...

If you're serious about changing your financial situation in the next two years then you need to watch this!

LIFE AFTER BANKRUPTCY

Legal Disclosure: Tony Robbins is a board member and Chief of Investor Psychology at Creative Planning, Inc., an SEC Registered Investment Advisor (RIA) with wealth managers serving all 50 states. Mr. Robbins receives compensation for serving in this capacity and based on increased business derived by Creative Planning from his services.

Because they feel like they’ve failed, many people subsequently subject themselves to frequent internal beatings, telling themselves over and over again that, “You are a failure.” The problem is that this internal propaganda will eventually convince you of its truth; you will adopt the identity of a failure.An unexpected job loss, a medical emergency, a divorce, out-of-control spending or an unscrupulous business partner – there are a great deal of things that can lead to bankruptcy. However, whether your financial crisis was avoidable or not, most people dealing with bankruptcy struggle with feelings of anger, guilt and shame.

This identity does not serve you or the people you care most about, it serves only as a self-fulfilling prophecy. In reality, everyone has failed at something, at some time, but that does not mean that they were failures. Abraham Lincoln went bankrupt at age 24 (amongst other ‘failures’). Walt Disney, Milton Hershey, Henry Ford and Stan Lee also went bankrupt before going on to build empires of imagination and wealth.

“Eighty percent of success is psychology – the other twenty percent is mechanics.”

– Tony Robbins 

There is plenty of helpful information out there that tells you how to rebuild your credit; however, creating breakthrough in your finances starts with your emotions.

Image©Syda Productions/shutterstock

CREATING BREAKTHROUGH

As Tony recently told Business Insider, “Emotions are a habit.” You have to train your mind daily, even moment by moment, to cultivate the emotions you actually want to keep and ignore the voice inside you hurling unhelpful accusations. This is the daily practice you must put in to develop a positive emotional home, but what if you need a massive change, right now?

If you are ready for a breakthrough, these are three things you need to change (in reverse order of importance).

1. Strategy

Good strategy is essential – it can literally turn what may have been decades of learning and implementation into days. If you’re looking for financial breakthrough, this is where rebuilding your credit and applying practical methods fit in. But, believe it or not, strategy is not the MOST important thing. Strategy is the 20% of the 80/20 rule, because it is just the mechanics.

Image© Zhao jian kang/shutterstock

2. Story

The story that you tell yourself over and over again about your life and your finances is what has kept you stuck, because now you believe that story. Honestly, it doesn’t even matter if that story is true because you can give the truth new meaning. It’s like the story of the little boy who received manure for Christmas and ran around the house, full of glee, looking for the pony. The truth was he received “crap,” and he could have created several meanings for that. But the meaning he chose to believe was that if he was given horse excrement, there must be a horse, too!

Is this bankruptcy the end of your life? Or is it a rebirth? If you don’t change a disempowering story, then you’ll come up with excuses about why you can’t access the strategy, or if you obtain the strategy, you won’t take massive action to follow it.

3. State

This is what really changes it all. Changing your physiology vitally changes your emotional state. A Harvard study showed that power postures held for just two minutes can reduce the stress hormone cortisol and increase testosterone, making the ‘poser’ feel more confident. The quickest way to change how you feel, to change your ‘state’, is to move!

Bankruptcy is not the end; it is merely an obstacle that you are capable of overcoming, ending up stronger than you were at the start.

Team Tony

Team Tony cultivates, curates and shares Tony Robbins’ stories and core principles, to help others achieve an extraordinary life.


Source: https://www.tonyrobbins.com/wealth-lifestyle/life-after-bankruptcy/

4 Current Commodity Tips You Need to Know About

Commodities are an incredibly strong investment choice. A great way to build a diverse portfolio, they lack the volatility of stocks while providing great room for financial growth.

But investing in commodities without knowing what you're doing is a bad idea.

If you want to make this investment, you'll need to develop an intelligent strategy. Here are some commodity tips to help you make that move.

Commodities Explained

Before you read any other commodity tips, you need to understand the concept. Commodities are structured trades around the delivery, sale, import, and export of a particular good. Popular commodities include oil, gold, and soybeans.

The most popular strategy for investing in commodities is signing a futures contract. These ensure that you will own the commodity for a set amount of time before selling it on a certain date at a specific price.

Here are a few tips for making the most out of your commodity trades in 2017.

Why ETFs Are A Good Choice

If you're looking for an effective way to invest in commodities, one of the best ways to do it is through ETFs. ETFs, or Exchange-traded funds, can either monitor a commodity or a specific market index.

ETFs can be a great way for beginners to invest in commodities. They are easy to manage and involve a lot less red tape than a futures index. While investing in ETFs is not the only way to make a profit off of a commodity investment, it is the best way to get acquainted.

How To Use a Short Position

Many have a strong preference for the simple game of going long on their commodities. But this can be a mistake. There's a lot of money to be made off of the short sell, and it also isn't particularly difficult.

If you detect a market depreciation, you should sell shares in a commodity. Let the commodity depreciate in value: when you feel it has bottomed out and will experience a resurgence in value, you should buy shares.

This will allow you to minimize the cost of purchasing valuable commodities while profiting off of purchases of a commodity at a low value. Every trader should stop worrying and love the short.

Read The News (Financial and Otherwise)

Commodities are very complex. But in a way, they can also be relatively simple to understand. As a matter of fact, indexes for every commodity from corn to currency will appear in the newspaper. And not just in the business section.

Staying on top of everything from policy to boardroom rumors can help you make the right decision. So devote at least an hour to the news each day.

Be An Oil Skeptic

Oil is one of the most popular commodities. And while it can perform well or poorly in various technical analyses, an essential part of risk mitigation involves taking a look at the international political environment.

Whether it's through long-term transformations in the energy market or instability in OPEC nations, the future for oil is questionable. In the name of risk mitigation, we would advise approaching oil with caution.

Beyond Commodity Tips: Work With The Best

Tips can take you far. But you can go even further by working with seasoned financial professionals.

Work with the experts in various areas of trading. One of these areas is commodities trading. But whether you're looking to succeed at the trading of commodity ETFs or to continue boosting an already thriving portfolio, always look for the best people to work with.

Trade Finance Consultant, Business Development Strategist, Strategic Trade Risk Mitigation Solutions Provider Visit http://www.adamsmith.tv for more details.

It is one of India's leading Trade Finance Company, performing business of arranging trade finance and providing consultancy, advisory, structuring and management services relating to trade finance transactions. One of its main expertise is in commodity trade finance.

Article Source: https://EzineArticles.com/expert/Vivek_A_Sharma/2429241

Article Source: http://EzineArticles.com/9801348

Strategies For Creating Consistency In Your Profits

As a small business owner, you probably struggling with fluctuating revenue. This is commonly the case for commercial organisations that are in their first few years of operation. While you might simply accept that your business happens to be a seasonal one, there are actually ways to ensure that your earnings remain relatively consistent throughout the year.

It is first important to have a clear understanding of the pattern of market demand. This is something that many companies are only able to accomplish after at least one to two years of operation. You, however, can learn more about these patterns and what they mean for your company by simply studying the activities of your competitors. Once you have mapped this out, you will have an idea of exactly when sales are likely to wane.

Identify pain points that you can continue addressing when your sales invariably dip for the season. This could mean having to expand your services. For instance, if you sell surf boards or paddle boards and have tons of business during the warmer months of the year, you might want to offer maintenance services during the cool season. People can bring their boards to you for the upkeep that will keep them from warping or experiencing any structural or aesthetic damages while in storage.

Be mindful of the fact that it's currently easier than ever before to take a local company into the world market. All you really need are feasible shipping solutions and a plan for advertising your services or products online. Expanding your market will allow you to connect with consumers who are in need of your products, even when your local market is seasonally slow.

Consider the benefits of taking a niche specific focus that makes your company increasingly valuable during the slower months. If your business model is nearly identical to those of your competitors, you are virtually guaranteed to experience a dip in profits whenever they do. If you have something to offer your market that other sellers do not, however, you may be able to generate additional revenue all year long.

Make your slow season the time for offloading goods that may not maintain their marketability throughout a busy sales period. There are a lot of shoppers who make a habit of saving money by investing in off-season goods. You may be able to increase the profits gleaned from clearance sales by simply eliminating the costs of storing this inventory.

Have a plan for controlling your overhead costs when your profits dwindle. If you are prone to earning less money during specific months of the year, you can actually stabilise your profits by diminishing your spending. This could be the best time to cut store hours and to focus on options in marketing and advertising that are self-supporting.

If you use an invoicing system, spend off-season times working on collecting past due accounts. You can align yourself with a reputable debt collection service that can do this on your behalf. These entities use professional tactics that are just as effective at preserving customer relationships as they are at improving bottom lines.

To know more about debt collection service, visit Boston Commercial and collect more info about creating consistency in your profit.

Article Source: https://EzineArticles.com/expert/Md_S_Hoque/1459687

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7 Psychological Money Saving Tricks - How to Save More Money Each Month!

We can all find it difficult to save money sometimes - especially when we've been lusting after a much needed break, a new toy or essential yet unexpected repair costs. However, managing your money well is the key to building wealth over time and the golden rule of the rich is that they always pay themselves (their investments) first.

What's your saving strategy?

5 Proven Steps To Doing Really Well In Trading

Hi. Have you ever wondered what it takes to do really well in trading or what necessary steps you need to do? I keep receiving these questions quite often. So let me give you my five proven steps. I've been doing really well with them in my own trading, so I believe they can help you too.

Step #1: Questions

You may or may not like it, but successful trading is about the ability to come up with new, fresh ideas. Fortunately, it's not as difficult as it sounds. All you need to do is to keep asking this question: "What happens if... ?" What happens if I buy when the RSI indicator is overbought instead of oversold? What happens if I start moving my stop-loss according to my moving average? By asking the "What happens if... ?" question constantly, you start to move forward really fast and I can guarantee you some of your ideas will be sooner or later really big winners.

Step #2: Robustness Testing

Most strategies are crap. That's the fact. But how do you know which ones aren't? You can always find it out through extensive robustness testing. What does it mean? In my case it mainly means three things: A) A good strategy can easily adjust to changing market conditions. An extensive walk-forward testing is needed at this stage. B) A good strategy performs reasonably well in other markets. C) A good strategy has been developed only on a part of all your historical data and performs well on the rest. To be very honest with you, about 95% of all my strategies never pass my robustness testing criteria, but when they do, it's time to move to the next step.

Step #3: Portfolio 

One strategy will help you learn, but a portfolio of strategies will help you grow. You don't need to have a big portfolio at the beginning, but even three strategies are much better than just a single one. Remember, if you want a smooth equity and a steady income from your trading as soon as possible, the only way is through diversification and portfolio. Very few people are aware of this and even fewer spend significant time by modeling different portfolios. I personally spend a lot of time trying to find out the best way to combine my strategies together to make a really good portfolio.

Step #4: Position Sizing 

Let me ask you a question: Do you want to make it big or do you want to stay small? Because if you want to make it really big, then you need to start seriously thinking about position sizing. This topic can be pretty complex, but it can be also extremely rewarding. So, where do you start? I highly suggest reading Van Tharp's book "The Definitive Guide to Position Sizing." You will learn a lot. Personally, it has moved my trading to a whole new level.

Step #5: Persistence 

Listen, it can be done. It doesn't matter what education you have, how old you are, or even how confident you feel at this moment. I've seen many people succeed. I've seen traders making it from zero to quite a nice living, and that's why I believe that you can do it too. Yes, it does take some time, effort and learning, but once you're finally there, it's all worth it. So, stay persistent and mainly never give up, and that's really all.

Happy Trading!

Tomas Nesnidal is a European trader and developer, with 10+ years of full-time trading experience. You can download an example of his strategy for FREE on his blog http://www.SystemsOnTheRoad.com.

Article Source: https://EzineArticles.com/expert/Tomas_Nesnidal/2231820

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