A Regular Read

If you have never heard of it moneyweek magazine regularly have some good stories even if they tend to be quite bearish. If you are like me and take absolutely nothing from the national press then publications like these are very useful. A word of warning though, you get hammered with offer after offer if you sign up for anything and 99% is utter rubbish.

On a trading front whole foods has continued its steady climb and are expanding in to other food categories so I have added this on fantasy trader. My other personal trades are still all [amazingly] the right side of my long term moving averages; I say amazingly because you always get some wrong and get stopped out but this batch are really strong. Also the trades that were given at the seminar are still performing.

I have been super busy building my eBay inventory and have trebled my items for sale; although it takes some time to find hot sellers that have a good mark up, then source suppliers, and then get the products listed, once done they can can keep making a profit on auto pilot for years. Great strategy really and I started off using £100 so you really can start small.

Spend spend spend

I don’t mean you but things do seem to be moving online a lot faster since recession.  I made some great profits from trading during that period but other business ventures of mine seemed a lot harder to make work. That’s the beauty of trading, it’s totally recession proof.

But as long as the good times roll it’s going to be a wise move to start a business online, in fact even if we had another slump it’s still going to be a wise move; why? Well think of it like this, UK websites are only taking around 12% of overall retail sales yet thousands upon thousands are managing to cream a very healthy lifestyle from a fraction of the market. And there’s much much more to come. A surge of online spending is expected to come and growth is predicted to be at least 22% by 2018.

So you can cash in on a whole new shopping frenzy if you act now… Also it has to be worth keeping your eye on some off the smaller online retail stores that have growth potential as well as your stables like amazon.

A quick strategy; start selling online at eBay and Amazon it’s easy to get started; Find some separate niche products to sell directly on the web via websites. Start trading the financial markets…

eBay, Amazon and Trading are turning many entrepreneurs into millionaires and once you have started and reinvest your profits you could quite easily be the next one…

So Why Does Vince Stanzione Still Sell His System

I had an email the other day asking why Vince Stanzione still needs to sell his system if he is so successful? I suppose that’s a fair comment but I explained that I’m not the person to ask that question to and to contact Vince and ask him; but I did ask him why Simon Cowell keeps doing the X Factor or why Frank Lampard still plays football? I can only imagine that the super rich still need to do something that they enjoy and the money is probably a by product of it.

Once you have more money than you can spend it doesn’t mean life is over, that you’ve made it and it’s time to retire. Maybe it’s just the beginning??? Have you decided what you are going to do once you have more money than you can ever spend? You can only sunbathe on your own for so long can’t you… Many Multi Millionaires retire early only to come out of retirement and back into the same business as before out of boredom and nothing else!

Einsteins 8th Wonder of the World

You may of heard of the expression before, it’s one of the classics and for good reason. Flicking through the Millionaire Dropout the other day I thought I must write a post on it. So what is it exactly? Well if you want to get rich and be financially free, compounding your profits is probably one if not the most powerful weapons you can have. Vince has stated on numerous times that he wasn’t born rich but he made his wealth by compounding his profits… And that’s a familiar story with many of the world’s super rich.

If you look at this table beneath you can see that compounding your profits at a modest 20% a month can have an amazing effect if you started with a bank of £500. It may seem slow in the beginning but look at what happens after the first 18 months. As you can see your initial £500 is now making you over £3000 a month profit in just a year and a half.

 1 : 609.69

 2 : 743.45

 3 : 906.56

 4 : 1105.45

 5 : 1347.98

 6 : 1643.72

 7 : 2004.33

 8 : 2444.07

 9 : 2980.28

10 : 3634.12

11 : 4431.42

12 : 5403.63

13 : 6589.14

14 : 8034.74

15 : 9797.49

16 : 11946.98

17 : 14568.04

18 : 17764.14

19 : 21661.43

20 : 26413.76

21 : 32208.7

22 : 39275.01

23 : 47891.6

24 : 58398.59

So if you buy £500 of physical stock and make a minimum of 109.69 in a month and reinvest your profits and make 20% the following month and rinse and repeat you can see how quickly things can add up. Obviously you can do this with your trading bank and be even more conservative if you like and aim for 10% or 5% a month over 10 years or something similar. It’s totally mind boggling.  And of course you can stop when you can’t say the figure anymore…

 £500 invested and compounded over 10 years at 10% a month

 1 : 552.35

 2 : 610.19

 3 : 674.09

 4 : 744.67

 5 : 822.65

 6 : 908.79

 7 : 1003.96

 8 : 1109.08

 9 : 1225.22

10 : 1353.52

11 : 1495.25

12 : 1651.82

13 : 1824.79

14 : 2015.87

15 : 2226.95

16 : 2460.15

17 : 2717.76

18 : 3002.34

19 : 3316.73

20 : 3664.03

21 : 4047.7

22 : 4471.55

23 : 4939.78

24 : 5457.04

25 : 6028.47

26 : 6659.73

27 : 7357.09

28 : 8127.47

29 : 8978.53

30 : 9918.69

31 : 10957.31

32 : 12104.69

33 : 13372.21

34 : 14772.45

35 : 16319.32

36 : 18028.17

37 : 19915.95

38 : 22001.41

39 : 24305.25

40 : 26850.33

41 : 29661.91

42 : 32767.9

43 : 36199.12

44 : 39989.65

45 : 44177.09

46 : 48803

47 : 53913.32

48 : 59558.75

49 : 65795.33

50 : 72684.96

51 : 80296.02

52 : 88704.07

53 : 97992.54

54 : 108253.64

55 : 119589.21

56 : 132111.77

57 : 145945.59

58 : 161228.01

59 : 178110.69

60 : 196761.2

61 : 217364.67

62 : 240125.59

63 : 265269.88

64 : 293047.11

65 : 323732.97

66 : 357632.04

67 : 395080.79

68 : 436450.91

69 : 482153.02

70 : 532640.75

71 : 588415.19

72 : 650029.95

73 : 718096.58

74 : 793290.68

75 : 876358.58

76 : 968124.78

77 : 1069500.09

78 : 1181490.73

79 : 1305208.25

80 : 1441880.61

81 : 1592864.35

82 : 1759658.06

83 : 1943917.26

84 : 2147470.8

85 : 2372339.05

86 : 2620753.95

87 : 2895181.13

88 : 3198344.43

89 : 3533252.89

90 : 3903230.64

91 : 4311949.89

92 : 4763467.39

93 : 5262264.68

94 : 5813292.55

95 : 6422020.25

96 : 7094489.69

97 : 7837375.46

98 : 8658051.09

99 : 9564662.18

100 : 10566207.3

101 : 11672627.27

102 : 12894903.88

103 : 14245168.82

104 : 15736824.14

105 : 17384675.27

106 : 19205077.95

107 : 21216100.57

108 : 23437703.54

109 : 25891937.37

110 : 28603161.56

111 : 31598286.34

112 : 34907039.83

113 : 38562263.05

114 : 42600235.9

115 : 47061037.28

116 : 51988942.85

117 : 57432864.53

118 : 63446835.94

119 : 70090548.75

120 : 77429945.11