5 Passive Income Tips (Unshakeable by Tony Robbins) [Book Review]

5 Mistakes Most Bitcoin Buyers Make

Nowadays, it's not easy to buy Bitcoin. Some purchasers make some costly mistakes when they try to earn some return on their investment for the first time. Therefore, you may want to to be careful when making this purchase. Given below are 5 common mistakes that Bitcoin buyers make. Make sure you avoid these mistakes.

Wrong Address 

Make sure you enter the right address when buying Bitcoin. If address is wrong, it won't be possible to reverse the transaction, and you will lose your money forever. Unfortunately, you can't rectify this mistake if the address you entered was wrong.

Therefore, don't forget to triple check your address to ensure it does not have any errors. It won't take hours to check the details. It's better to ask a friend or family member to go over your details.

Confirmations

It is a great idea to purchase Bitcoin in person. You should only hand over your hard-earned money when the transaction is complete. It is even better to get multiple confirmations. Therefore, you may want to bear patience in order to make sure there will be no issues later on. This is even more important if you are going to invest a large amount of money.

Payment Methods

One of the most common ways to make payments online is to use PayPal or a credit card. The reason is that these methods are quite convenient. Plus, they can save you a lot of money. However, keep in mind that you will have to pay higher fees to enjoy this convenience. For example, you will have to face chargeback issues.

Therefore, it is better to choose a less expensive method to make payment. For example, you can make a bank transfer. This is even more important if you are going to spend a large amount of money on a regular basis. In the long run, it can save you a lot of money.

Missed Opportunity 

We know that people have been making a lot of money by purchasing and selling Bitcoin. However, if you are going to make this purchase just because you don't want to miss out on this money-making opportunity, you need to think again.

Buying Bitcoin without a solid strategy in place is a bad idea. As with any other purchase, you need to do your homework before you invest in Bitcoin. Therefore, having a solid strategy in mind is of paramount importance.

Research

Nowadays, the process of buying Bitcoin and other currencies is quite straightforward. The reason is that there are many exchanges and a lot of payment methods to choose from. But the problem is that we all tend to make mistakes especially when we are going to buy something for the first time. Therefore, you may want to take your time before making this purchase.

In short, if you avoid the mistakes described above, you can purchase Bitcoin safely and without any worries. Just make sure you have the basic knowledge of cryptocurrencies. Hope this will help you make informed decisions.

Investing in Bitcoin is a great idea as this currency is expected to rise in value in the future. We Buy Any Bitcoin is an ideal platform if you want to find out where to sell Bitcoin.

Article Source: http://EzineArticles.com/10180756

Trading Indicators: Fundamental or Technical Analysis?

One of the key indicators for a successful Forex trade is by correctly predicting the upcoming price movement of a market.

There are various strategies that are used when trading. Some traders follow patterns and some follow the various news to guide them in their decision-making. But these strategies are still categorized if it uses technical analysis or fundamental analysis. Some traders use fundamental analysis, some use technical analysis, some even use a combination of both.

As a trader, it is important to know this two analysis. It can help bolster strategies which can further provide consistent profit for your account.

Technical Analysis

Technical analysis is a methodology that forecasts the direction of market prices through the study of historical market data. It is one of the most common methods in trading. This analysis is very easy to learn and it is well-known to numerous traders especially those who prefer day-trading. Many people think this strategy is some sort of a trading hack because of its high probability to give profit.

This analysis uses various equations which are applied to personal charts. These equations are known as indicators - data that measures market conditions to calculate economic trends. These indicators provide historical information for a particular market. It presents the history of price actions and price volumes of that market.

To effectively use this analysis, a trader must understand how to use various indicators such as Relative Strength Index (RSI), Moving Average Convergence-Divergence (MACD), Money Flow Index (MFI), Stochastics, and many more. Profitable Forex traders often use many indicators when trading. These indicators illustrate historical data in a particular aspect. Despite its useful method, this analysis does not guarantee a 100% prediction of the price movement of an asset.

Fundamental Analysis

Like technical analysis, fundamental analysis attempts to forecast the price movements of a particular market. One of the most popular traders who use fundamental analysis is Warren Buffet. Traders who excel in using this analysis claims that this methodology showcases a wider view of the upcoming price movement of a certain market.

When trading in Forex it is essential to learn about fundamental analysis. This analysis presents key economic indicators of the market. It is also one of the vital factors in analyzing the eight major currencies that are traded in the foreign exchange market (USD, EUR, GBP, AUD, CHF, JPY, ZAR, & NZD).

Here are some fundamental analysis traders should always check: Central banks' Interest rate decision, Employment Reports, Customer Price Index (CPI), and Gross Domestic Product (GDP). These reports will always affect a currency's price.

Another factor when using fundamental analysis is the economic calendar. This calendar indicates upcoming economic events. As a trader, it is important to always be aware of the worldwide economic happenings. Being caught in the wrong position after an economic announcement is a trader's worst nightmare.

Are you ready to trade now? You can create a demo account or start trading with us here in Millennium-FX.

Read More: [https://blog.mlnfx.com/trading-indicators-fundamental-or-technical-analysis/]

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THE MINDSET OF HIGH ACHIEVERS - Powerful Motivational Video for Success

5 Tips On Investing For Beginners By Warren Buffett - Warren Buffett Inv...

Should Bitcoin Replace Currency of Central Banks?

Distinction between Bitcoin and Currency of Central Banks

What is the difference between central bank authorized currency and Bitcoin? The bearer of central bank authorized currency can merely tender it for exchange of goods and services. The holder of Bitcoins cannot tender it because it's a virtual currency not authorized by a central bank. However, Bitcoin holders may be able to transfer Bitcoins to another account of a Bitcoin member in exchange of goods and services and even central bank authorized currencies.

Inflation will bring down the real value of bank currency. Short term fluctuation in demand and supply of bank currency in money markets effects change in borrowing cost. However, the face value remains the same. In case of Bitcoin, its face value and real value both changes. We have recently witnessed the split of Bitcoin. This is something like split of share in the stock market. Companies sometimes split a stock into two or five or ten depending upon the market value. This will increase the volume of transactions. Therefore, while the intrinsic value of a currency decreases over a period of time, the intrinsic value of Bitcoin increases as demand for the coins increases. Consequently, hoarding of Bitcoins automatically enables a person to make a profit. Besides, the initial holders of Bitcoins will have a huge advantage over other Bitcoin holders who entered the market later. In that sense, Bitcoin behaves like an asset whose value increases and decreases as is evidenced by its price volatility.

When the original producers including the miners sell Bitcoin to the public, money supply is reduced in the market. However, this money is not going to the central banks. Instead, it goes to a few individuals who can act like a central bank. In fact, companies are allowed to raise capital from the market. However, they are regulated transactions. This means as the total value of Bitcoins increases, the Bitcoin system will have the strength to interfere with central banks' monetary policy.

Bitcoin is highly speculative

How do you buy a Bitcoin? Naturally, somebody has to sell it, sell it for a value, a value decided by Bitcoin market and probably by the sellers themselves. If there are more buyers than sellers, then the price goes up. It means Bitcoin acts like a virtual commodity. You can hoard and sell them later for a profit. What if the price of Bitcoin comes down? Of course, you will lose your money just like the way you lose money in stock market. There is also another way of acquiring Bitcoin through mining. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the black chain, and also the means through which new Bitcoins are released.

How liquid is the Bitcoin? It depends upon the volume of transactions. In stock market, the liquidity of a stock depends upon factors such as value of the company, free float, demand and supply, etc. In case of Bitcoin, it seems free float and demand are the factors that determine its price. The high volatility of Bitcoin price is due to less free float and more demand. The value of the virtual company depends upon their members' experiences with Bitcoin transactions. We might get some useful feedback from its members.

What could be one big problem with this system of transaction? No members can sell Bitcoin if they don't have one. It means you have to first acquire it by tendering something valuable you possess or through Bitcoin mining. A large chunk of these valuable things ultimately goes to a person who is the original seller of Bitcoin. Of course, some amount as profit will certainly go to other members who are not the original producer of Bitcoins. Some members will also lose their valuables. As demand for Bitcoin increases, the original seller can produce more Bitcoins as is being done by central banks. As the price of Bitcoin increases in their market, the original producers can slowly release their bitcoins into the system and make a huge profit.

Bitcoin is a private virtual financial instrument that is not regulated

Bitcoin is a virtual financial instrument, though it does not qualify to be a full-fledged currency, nor does it have legal sanctity. If Bitcoin holders set up private tribunal to settle their issues arising out of Bitcoin transactions then they might not worry about legal sanctity. Thus, it is a private virtual financial instrument for an exclusive set of people. People who have Bitcoins will be able to buy huge quantities of goods and services in the public domain, which can destabilize the normal market. This will be a challenge to the regulators. The inaction of regulators can create another financial crisis as it had happened during the financial crisis of 2007-08. As usual, we cannot judge the tip of the iceberg. We will not be able to predict the damage it can produce. It's only at the last stage that we see the whole thing, when we are incapable of doing anything except an emergency exit to survive the crisis. This, we have been experiencing since we started experimenting on things which we wanted to have control over. We succeeded in some and failed in many though not without sacrifice and loss. Should we wait till we see the whole thing?

Article Source: http://EzineArticles.com/10235465http://EzineArticles.com/10235465

The Most Honest Advice About Getting Rich (an eye opening speech)

Understanding Your Personality And The Right Career Path

Your personality greatly affects your performance in a given career. Studies show that 90% of people get into the wrong careers as they don't know their personalities. This results to most people living unfulfilled lives. Others choose to leave their careers and venture into other areas. To increase your chances of being successful and enjoy what you do you need to join the right career path from the start.

Types of personalities

While we may appear similar on the outside, we are very different. How we act and carry ourselves is greatly determined by out personalities. The different types of personalities include:

Introverts: These are the quiet people. They love working alone or in small groups. When working, they prefer working at a more deliberate pace and love focusing on one task at a time.

Extroverts: They are the exact opposites of introverts. They are often people of high energy, love engaging in a variety of tasks and work at a quick pace. They are highly effective at multitasking.

Thinkers: These highly rely on logical analysis of situations. Before they make a decision, they have to weigh the pros and cons of everything that they do. They value fairness, honesty, and consistency.

Sensors: They are said to be realistic people as they focus on facts and details. They also apply common sense and get insight from past experiences for them to come up with practical solutions to the problems at hand.

Feelers: From their name, feelers are people that highly rely on their feelings for them to make a decision. They are highly sensitive and decide things depending on their values and how their actions will affect other people.

Intuitive: These people focus on the possibilities and the big picture. They value innovation, easily see patterns and when they are solving problems, they don't rely on the already established solutions-they come up with their own creative ways of solving the problem.

Perceivers: They prefer keeping the options open and love acting spontaneously. They love being flexible when they are making their plans and decisions.

Judgers: Judgers are highly organized people that like sticking to plans. They are usually very good at following rules.

Best careers for the different personalities

According to experts, there is no one with only one personality; all of us are a combination of different personalities but there is always one personality that is more dominant than the others. Different personality combinations are ideal for different careers. Extroverts, sensors, thinkers, and judgers make good pharmacists, judges, project managers, insurance sales agents, and lawyers. Introverts, sensors, thinkers and perceivers can make good pilots, economists, emergency room physicians, data analysts, and civil engineers.

Introverts, intuitive, feelers and perceivers are sensitive people who are motivated by their personal values. These attributes make them great physical therapists, graphic designers, writers, psychologists, and trainers. Extroverts, intuitive, perceivers and thinkers make excellent entrepreneurs, real estate developers, marketing directors, politicians, and creative directors.

Conclusion

Your personality has a great impact on your success in your career but this doesn't mean that you will be a failure if you choose a career that doesn't complement your personality. If you work hard and you love what you do you will definitely be a success.

If you just cleared high school and looking for a career, we have a detailed career guide that will help you make an informed decision. To know more visit us at w3Education.org.

Article Source: http://EzineArticles.com/9567883

How "Crypto" Currencies Work - A Brief Overview Of Bitcoin, Ethereum & Ripple

"Crypto" - or "crypto currencies" - are a type of software system which provides transactional functionality to users through the Internet. The most important feature of the system is their decentralized nature - typically provided by the blockchain database system.

Blockchain and "crypto currencies" have become major elements to the global zeitgeist recently; typically as a result of the "price" of Bitcoin skyrocketing. This has lead millions of people to participate in the market, with many of the "Bitcoin exchanges" undergoing massive infrastructure stresses as the demand soared.

The most important point to realize about "crypto" is that although it actually serves a purpose (cross-border transactions through the Internet), it does not provide any other financial benefit. In other words, its "intrinsic value" is staunchly limited to the ability to transact with other people; NOT in the storing / disseminating of value (which is what most people see it as).

The most important thing you need to realize is that "Bitcoin" and the like are payment networks - NOT "currencies". This will be covered more deeply in a second; the most important thing to realize is that "getting rich" with BTC is not a case of giving people any better economic standing - it's simply the process of being able to buy the "coins" for a low price and sell them higher.

To this end, when looking at "crypto", you need to first understand how it actually works, and where its "value" really lies...

Decentralized Payment Networks...

As mentioned, the key thing to remember about "Crypto" is that it's predominantly a decentralized payment network. Think Visa/Mastercard without the central processing system.

This is important because it highlights the real reason why people have really began looking into the "Bitcoin" proposition more deeply; it gives you the ability to send/receive money from anyone around the world, so long as they have your Bitcoin wallet address.

The reason why this attributes a "price" to the various "coins" is because of the misconception that "Bitcoin" will somehow give you the ability to make money by virtue of being a "crypto" asset. It doesn't.

The ONLY way that people have been making money with Bitcoin has been due to the "rise" in its price - buying the "coins" for a low price, and selling them for a MUCH higher one. Whilst it worked out well for many people, it was actually based off the "greater fool theory" - essentially stating that if you manage to "sell" the coins, it's to a "greater fool" than you.

This means that if you're looking to get involved with the "crypto" space today, you're basically looking at buying any of the "coins" (even "alt" coins) which are cheap (or inexpensive), and riding their price rises until you sell them off later on. Because none of the "coins" are backed by real-world assets, there is no way to estimate when/if/how this will work.

Future Growth

For all intents-and-purposes, "Bitcoin" is a spent force.

The epic rally of December 2017 indicated mass adoption, and whilst its price will likely continue to grow into the $20,000+ range, buying one of the coins today will basically be a huge gamble that this will occur.

The smart money is already looking at the majority of "alt" coins (Ethereum/Ripple etc) which have a relatively small price, but are continually growing in price and adoption. The key thing to look at in the modern "crypto" space is the way in which the various "platform" systems are actually being used.

Such is the fast-paced "technology" space; Ethereum & Ripple are looking like the next "Bitcoin" - with a focus on the way in which they're able to provide users with the ability to actually utilize "decentralized applications" (DApps) on top of their underlying networks to get functionality to work.

This means that if you're looking at the next level of "crypto" growth, it's almost certainly going to come from the various platforms you're able to identify out there.

Article Source: http://EzineArticles.com/9870313

Inside The Cryptocurrency Revolution | VICE on HBO

Index Trading

Stock markets around the world maintain a variety of "Indices" for the stocks that make up each market. Each Index represents a particular industry segment, or the broad market itself. In many cases, these indices are tradable instruments themselves, and this feature is referred to as "Index Trading". An Index represents an aggregate picture of the companies (also known as "components" of the Index) that make up the Index.

For example, the S&P 500 Index is a broad market Index in the United States. The components of this Index are the 500 largest companies in the U.S. by Market Capitalization (also referred to as "Large Cap"). The S&P 500 Index is also a tradable instrument in the Futures & Options markets, and it trades under the symbols SPX in the Options market, and under the symbol /ES in the Futures markets. Institutional investors as well as individual investors and traders have the ability to trade the SPX and the /ES. The SPX is only tradable during regular market trading hours, but the /ES is tradable almost 24 hours a day in the Futures markets.

There are several reasons why Index trading is very popular. Since the SPX or the /ES represents a microcosm of the entire S&P 500 index of companies, an investor instantly gets exposure to the entire basket of stocks that represent the Index when they buy 1 Option or Future contract of the SPX and the /ES contracts respectively. This means instant diversification to the largest companies in the U.S. built into the convenience of one security. Investors constantly seek portfolio diversification to avoid the volatility associated with holding just a few company stocks. Buying an Index contract provides an easy way to achieve this diversification.

The second reason for the popularity of Index trading is due to the way the Index is itself designed. Every company in the Index has a certain relationship with the Index when it comes to price movement. For example, we can often notice that when the Index rises or falls, a majority of the component stocks also rise or fall very similarly. Certain stocks may rise more than the Index and certain stocks may fall more than the Index for similar moves in the Index. This relationship between a stock and its parent Index is the "Beta" of the stock. By looking at past price relationships between a Stock and Index, the Beta for every stock is calculated and is available on all trading platforms. This then allows an investor to hedge a portfolio of stocks against losses by buying or selling a certain number of contracts in the SPX or the /ES instruments. Trading platforms have become sophisticated enough to instantly "Beta Weigh" your portfolio to the SPX and /ES. This is a major advantage when a broad market crash is imminent or is underway already.

The third advantage of Index trading is that it allows investors to take a "macro view" of the markets in their trading and investment approaches. They no longer have to worry about how individual companies in the S&P 500 Index perform. Even if a very large company were to face adversity in their businesses, the impact this company would have on the broad market Index is dampened by the fact that other companies could be doing well. This is precisely the effect that diversification is supposed to produce. Investors can tailor their approaches based on broad market factors rather than individual company nuances, which can become very cumbersome to follow.

The negatives of Index trading is that returns from the broad markets usually average in the mid to upper single digits (around 6 to 8% on average), whereas investors have the ability to achieve much larger returns from individual stocks if they are willing to face the volatility that goes along with owning individual stocks.

By Microcapmillionaires

Article Source: http://EzineArticles.com/10222217http://EzineArticles.com/10222217

The Biggest Trap People Fall Into - Robert Kiyosaki

7 Reasons for Investing in Mutual Funds

Why must we ever give a thought about making an investment? Is it even a necessity or it is just a matter of one's choice? Even when it comes to investing, why are mutual funds a preferred option than any other instrument?

Yes, mutual funds are any way the best investment solution where one could get better returns in lieu of lesser risks. Moreover, your capital is managed by a fund manager who is an expert of every financial subject and has an experience of more than 10 years, which qualifies him to attend and resolve every matter of concern related to your investment. A mutual fund offers you a choice of investment and flexible withdrawals, where your money is planned inline with your needs.

Smartly Managed

They are managed by fund manager who is profound at tracking the markets and managing the investments. They guide you at every point from when to buy and which one to buy to when to sell the stocks. They manage your funds far better than you. The fund managers have a vast experience of all financial matters and they are an assurance that your investment is safe and will flourish with time. They take the entire responsibility from the very stage where you invest your money to the phase where you wish to withdraw your investment with high returns. This is the reason it assures you better security and management of your funds.

Better Returns

Mutual funds offer higher and better returns than any other traditional investment plan. They offer the best choices to the investors who wish to take lesser risks in lieu of the investments. One must begin with a savings plan by investing in the right mutual funds today. A few investors are often worried about the volatile phase of the market but the data of over the years clearly indicates that investors can make more money if they continue to bet on the market during the volatile phase. Further, mutual funds are one of the safest modes in the sense that the investors are protected against any kind of fraud.

Easy Investment

It is one of the easiest and safest ways to invest your money in stocks. The whole plan is also offered online and is just becomes a matter of a few clicks. Even tracking down the performance could be done easily. The lumpsum is a one-time investment in mutual funds, whereas there is SIP, in which small amount is vested periodically. SIP amount is automatically debited from the investor's account every month. Thus, it is an easy process which offers higher returns.

Choice of Investment

While most of the other plans are more about dictating you their already laid down plans, mutual funds give you multiple choices. From the very choice of what type of fund do you want and for how long to how much do you want to invest, these all choices reside with you and you have all the right to pick or choose the plan that suits you. All in all, they offer a customized investment plan which is designed as per your requirement.

Diversified Investment

In mutual funds, your funds are diversified and invested across a wide variety of stocks. If one stock faces any change, it will be balanced by the performance of the other stock. It is further advisable, not to invest your money in a single mutual fund category, rather diversify it across different ones to lessen the risk.

Secured Future

While you invest in mutual funds, you actually commit to investing a certain amount of your earnings or savings into a Systematic Investment Plan, where you consistently deposit your money for certain years. This helps in securing your future, where you are disciplined to add a certain value into your plan every month. This becomes your fixed monthly spend, while your other expenses are made from the remaining amount that you are left with. It ensures that save an amount of your earnings that will contribute in offering you a secured future, irrespective of all the miscellaneous expenses that you make. Your amount remains intact and it keeps on growing for a better tomorrow.

Flexible Withdrawal

While almost all the investment instruments hold your money for a specific number of years, this makes it really difficult for you to withdraw the amount in case of emergencies. Mutual funds provide the benefit of liquidity on your invested money. However, you can withhold your money in the plan for as long as you wish to. But it is still advisable not to withdraw the funds before it gets matured complying with the terms of the investment plan.

We hope now you are well aware of the benefits of mutual funds. To know more about this investment option, connect with a financial expert asap.

The author has specialized in writing articles related to business and investments. He analyzes different types of mutual fund products and writes on the same. Further, he also provides his recommendations to investors considering mutual fund investments, particularly in equities.

Article Source: http://EzineArticles.com/9945907

The mathematician who cracked Wall Street | Jim Simons

Andrew Carnegie and His Biography

Introduction: "Our greatest glory is not in never falling, but in rising every time we fall". Not history makes men but men like Andrew Carnegie makes history. "A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history". Same occur to Andrew who had firm determination, born in poor family, to lead 19th century becoming a renowned figure. He believes that "I like the dreams of the future better than the history of the past". He dreamt of well being future and materialized it with hard work. Andrew Carnegie is never extinguishing figure in the history of the United States.

Biography: Andrew Carnegie is one of the renowned figures of the 19th century. He made history, not history made him as Harry S. Truman said, "Study men, not historians". He was born in Dunfermline, Scotland but later on moved to the United States. None can touch his heights by dint of his industrialism, professionalism, scholar and activist, philosophy of life and publications. He was one of the highest philanthropists of the area and he published article in 1889 with the title "The Gospel of Wealth" which brought great wealth to the society improvement. He was born in the poor family but his migration to the United States had given him a better chance. He started as a telegrapher and ended as a renowned industrialist.

Early Life: Some people born later but do everything in better sense. Andrew Carnegie was one of those figures born in Dunfermline, Scotland in a cottage at November 25, 1835, containing single room. The only room served as living room, bedroom and dining room. His name was adopted at the name of his grandfather. He born in single room but made the best use of his times. "I do remember how it was to be poor. I do remember that in my early years, we had to grow and raise all of our food, even our animals. And I remember in my early life, we didn't even have electricity. So it was very, very hard times then", said Dolly Patron.

In 1836, his father, William Carnegie, moved to the larger house opposite Reid's Park in Edgar Street. George Lauder, his uncle, introduced him to the writings of Robert the Bruce, Robert Burns and William Wallace. His dad suffered from hard times, working as a handloom weaver, he moved to the Allegheny, Pennsylvania in 1848 for leading better life. For migration, Andrew's father had to borrow some money. His first job was at the age of 13 years as a bobbin boy and he worked in cotton factory for 12 hours, 6 days a week. The starting earning was only $1.20 per week but William Carnegie, the dad, tried hard to weave and peddling linens. "Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor." Also, his mother, Margaret Morrison Carnegie, stitched shoes to earn money.

Later on, he became a telegrapher in Ohio Telegraph Company at the rate of $2.50 per week. His journey rightly starts here. He got free admission of the theater as a benefit of the job. There he appreciated Shakespeare's pieces of work. He faced many men in the company and made various connections. Within a year, Andrew Carnegie was promoted and appointed as operator. He had special taste for learning and he was boosted up by the library of 400 volumes opened by Colonel James Anderson. He was intellectual, economically developed, culturally developed, willing to work hard, alert for upcoming events and perseverance for doing any task brought forth opportunities for him.

Railroads: In 1853, Andrew Carnegie was appointed as telegraph operator/ secretary in Pennsylvania Railroad Company by Thomas A Scott at $4 per week. This employment was vital for later success in his life. He believed that "In order to succeed, your desire for success should be greater than your fear of failure". He learned a lot here about cost control and management and Scott assisted him a lot. In 1855, Scott helped Carnegie to manage $500 to invest in Adam Express. He developed close relationship with J. Edgar Thomson, the president of Pennsylvania and got great success in shares from iron, rails and bridges with them. He got higher pay out by these shares. His success was coming by dint of his continuous struggle as he said, "Success is not final, failure is not fatal: it is the courage to continue that counts."

Andrew Carnegies' mother desired him not to get married. She died in 1866 and Carnegie got married with Louise Whitfield. She was 20 years junior to him but couple got only a daughter namely Margaret, got named at Carnegies' mother. Now, Carnegies started to take part in steel industry. His major aim was the production of steel at lower cost with efficiency. The price was automatically reduced and the steel was being adopted rapidly for bridges, buildings, girders and railway lines. This increased the production and income at the same level. They started to produce 2000 tons steel per day. By 1889, he owned a large part of the steel company and his empire started to grow steadily. Later on, Andrew Carnegie provided steel for bridge over Mississippi river, completed in 1874, gave marking opening to the steel market.

Industrialist: Andrew Carnegie was matchless industrialist as he found steel company. Reducing the cost and increasing the production, he created steel empire in next few decades. All of the profits were going in his ways and everything started to be manufactured of steel like factories, transportation and materials. His mission was to establish a new Carnegie Steel Company. Andrew played vital role in the union of the wage cuts protest and break down the locks of the wages. He guarded the plant to keep on working and strike was ended by dint of him. Later on, Morgan purchased steel mill from Carnegie in $480 million, making Carnegie the world richest person. He became famous personality of 19th century. Brian Tracy said, "All successful people men and women are big dreamers. They imagine what their future could be, ideal in every respect, and then they work every day toward their distant vision, that goal or purpose". We can also say that there is the law that successful people always make money but not the people who get money got famous. Such people bring success in all what they do.

Among 25 Richest People: When steel company was in full bloom, he sold it to Morgan in $480 million and took place among 25 richest people of the world. He was at number 4 at that time but later on, he purchased gold bonds from this money and took them to home, received 5% annual coupon. He placed those bonds in the bank in New Jersey and he got profit on them. In this way, he became number 2 in the richest people of those times. If you make assessment of the money, you will figure out that $480 will become $310 billion in the recent days. The worth of the dollars is increasing day by day. His value of income is matchless to consider now.

Partnership with Workers: He founded his companies not by wake of stock corporations but due to partnerships as we find in his philosophy line that "it shall be the rule for the workman to be Partner with Capital, the man of affairs giving his business experience, the working man in the mill his mechanical skills, to the company, both owners of the shares and so far equally interested in the success of their joint efforts". He had exceptional talent of the organizational management in his personality and he attracted young people towards him. His works made his steel company worth mentioning and valued at $400 million when sold out to Morgan in 1901. His success was hidden in his better relationships as George MacDonald said, "To be trusted is a greater compliment than being loved". He became one of the richest persons of the United States after selling his steel company.

Young Entrepreneur: When he was doing job in railroad, he took initiative to invest money in the new company. He wanted to manufacture railway sleeping cars. He tried his level best to encompass the new bridges, rails and locomotives. In 1865, the Keystone Bridge Company was under the name of Andrew Carnegie and he organized it in better sense. Being a young entrepreneur, he played vital role and all of the workers were under his influence. Being a young and handy worker, he also took the command of steel works in 1873. He was one man army and was leading everything himself.

Philanthropist: After selling Carnegie steel, Carnegie retired from business and devoted his life to philanthropy. He wrote an essay "The Gospel of Wealth" in 1889. He stated that the rich persons have "a moral obligation to distribute their money in ways that promote the welfare and happiness of the common man. The man who dies thus rich dies disgraced". In this passion, Andrew Carnegie eventually devoted his money of $350 million to distribute and gave away in different activities. He funded his money to establish 2500 libraries. He donated 7,600 organs to the churches. He established organizations for researches in science, world peace, education and other causes. He also gifted $1.1 million to the legendary Carnegie Hall in New York City to establish in 1891. He was truly a philanthropist person in his life.

Andrew Carnegie Birthplace Museum: A warm welcome is done to the visitors at the birthplace of Andrew Carnegie which had given the name of museum where any visitor can figure out interactive displays, demonstrations, weaving, exhibitions, kids' activities, garden, delightful café, unique museum shop and events space. The life of the 19th century was nothing less than a blessing for him and he became the well renowned person.

Scholar and Activist: Andrew Carnegie spent 20 years as a scholar and activist in his business career and literary intentions were materialized. He made Mathew Arnold his friend and got humorous Mark Twain their partner in the same arena. He become notable writer in their company and wrote various essays. Carnegie gave preference to be scholar and established a public library in Dunfermline in 1879 at the cost of $40,000. He also built up laboratory n New York Medical Center and it now calls Carnegie Laboratory. In 1881, he took initiative to enjoy the tour with his mother to the UK by coach and enjoyed them. His mother laid foundation of the library in Dunfermline as well. Andrew clearly mentioned everything in true sense as Nnamdi Azikiwe said, "Originality is the essence of true scholarship. Creativity is the soul of the true scholar". He acted as a close connection between English speaking persons to make them united. Later on, his brother Thomas died at the ripe age of 43 but his success continued. Even though he was renowned figure but still he became controversial figure after returning from the UK tour. He purchased various magazines and wrote "An American Four in hand in Britain" after returning from the tour. His book created controversy against him in the UK and his economic progress now had been jolted to and fro. The book was sold out in higher numbers and 40,000 copies were sold over in the US. He was known as prolific writer.

Anti-Imperialism: Carnegie was against British imperialism and he strongly opposed American colonies. He wanted Philippine to be independent country. He tried hard to make arrangements for Philippines' independence. When the war between Spain and America came near, The US bought Philippines in $20 million from Spain. Andrew Carnegie was against this purchased and he himself offered $20 million to the Philippines so that they may be free from the US by giving this money to them. They may purchase their independence. When nothing in response of this offer came, he took part in the anti-imperialism league to play vital role to make other countries free of the imperialism. His part in the independence of Philippine cannot be negated as he was the first figure in this. He was truly a renowned figure of this strike. He wanted Philippine to be free and live at their will. He wanted to get everything going in the right ways as anyone wish to do.

Controversies of Life: Carnegie was blamed to be involved in Johnstown Flood that came by dint of South Fork Fishing and Hunting Club right on the top of Johnstown, Pennsylvania. His club brought flood that killed more than 2209 people and he was accused of doing so along with other 50 members. It was basically established on canal system but it brought flood in the town that killed innumerable people.
Andrew also built up a dam. This dam was 72 feet high and its length was 931 feet. With the passage of time, it was leaked and patched up with straws and mud.

Moreover, the owner also sold out the 3 iron pipes that control the release of the water. Such problems were coming up and he took some heed to it but did not completely give it all the attention. The concerns came up and were raised to the head of Cambria. Unusual snowmelt, reduction in height and repair works brought the dam to bring deaths of the people. The combination of these problems makes the dam to destroy and flow the water to the valley in May 31, 1889. The valley was under the revolutionary flood and more than 2209 people were killed by dint of it. It became the controversy for him, bringing loss in his business of steel and others. His business was heavily damaged and full production was reduced to the nothingness. He believes in quote of Richard M. Nixon, "If an individual wants to be a leader and isn't controversial, that means he never stood for anything". Controversy plays important role in the progress and promotion of the person's life. If you don't commit mistakes, how can you get right decision power? His wrong decisions made him perfect person to decide well.

Philosophy: The philosophy of Andrew Carnegie's life to give away money for various causes. He donated $350,695,654 for different causes in his life. He kept himself away from different religious circles and made himself a well organized and renowned personality. He wanted to be known as "positivist". He never wanted to be known as religious person as he believed "There is no need for temples, no need for complicated philosophies. My brain and my heart are my temples; my philosophy is kindness". His influence of the life impacts our lives in better sense. The dictum of his philosophy was:

• Gave away first third of the life on education.
• Spend next third on earning and collecting money.
• Spend last third of the life in giving away all the money in worth-mentioning or worthwhile causes.

We can notice that he did all this his philosophy was. Anyone who loves to be creative, earning person and renowned one in the world should follow his philosophy. I'll also recommend his philosophy in my life. Firstly, get complete education as much you can, earn money and save it as much you can and finally, gave away all in great causes to live worth-mentioning life. Such writings come few and far between in the history and Andrew Carnegie is one of the best examples of the past.

Publications: Andrew Carnegie was a frequent contributor in the world libraries and love education one can have. His publications have no match and were matchless in his writings. He believed that "Having been unpopular in high school is not just cause for book publications". He wrote various books and essays at his name and let me clearly and candidly counts each one here.

1. Triumphant Democracy (1886)
2. The Gospel of Wealth (1889)
3. An American Four-in-hand in Britain (1883)
4. Round the World (1884)
5. The Empire of Business (1902)
6. The Secrets of Business is the Management of Men (1903)
7. James Watt (1905)
8. Problems of Today (1907)
9. Autobiography of Andrew Carnegie (1920) (Later after his death)

Family and Marriage: Carnegie's mother lived with him till her death in 1886. He was pretty influenced by her in his life. He got married at the ripe age of 51, after his mother's death who was against marriage, with Louise Whitfield, 20 years junior to him, the daughter of New York City merchant. They got one child, named at his mother's name, Margaret in 1897. They lived in Manhattan mansion in winter and were accustomed to spend summers in Scotland in their 28,000 acres castle. He knew that "The love of family and the admiration of friends are much more important than wealth and privilege". He let great matrimonial life and was not unaware of his duties. He played his part with his better half and he got perfect popularity in his life. His wife was completely satisfied with him, regardless of the age difference. They led completely contented life.

Andrew Carnegie got married Whitfield on April 22, 1887 in her family's home. At that time, the difference of the ages was very critical. Whitfield was of 30 and Carnegie was 51 years old. As a marriage gift, Whitfield got $20,000 annual income and a home to reside in. After a decade of their marriage, they got only child namely Margaret, named at Andrew's mother name.

Final Years: Carnegie died as Shakespeare said "thus with a kiss I die" in Lenox, Massachusetts, by dint of bronchial pneumonia on August 11, 1919. He gave away $350,695,653 in his life and his remains were $30,000,000 given to charities, foundations and pensioners. His last mausoleum was in Sleepy Hollow Cemetery in North Tarrytown, New York. He was of 83 years and spent his life as he yearned for. He will be remembered in 19th century by dint of his hard work and various other reasons. He cannot be negated whenever the name of 19th century will come.

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How Andrew Carnegie Became The Richest Man In The World

Top Money Market Accounts Info: What Is an MMA? What Perks Do the Best Online Banks Offer?

As soon as you can afford to start investing, one of the first things you should look into is a money market account. This is a very low-risk way to invest your cash, and there is a potential for a decent pay off, as long as you choose one of the top money market accounts with a leading online bank.

It's a good idea to put your money into one of these types of accounts instead of a regular savings account since the former comes with potentially high annual yield rates (at least 2% with online banks).

It is important not to confuse MMAs with money market funds. With an MMA account, your money will be insured against losses by the FDIC. With an MMF account, your money will not be protected. The money market funds are a type of mutual fund that invests in highly liquid instruments such as cash and cash equivalent securities. While they do come with a low level of risk, they still aren't as secure as an option as the top money market accounts.

How do you know which bank to put your money in? As mentioned above, it's best to choose an online bank with an AYP of at least 2%. Keep in mind that the APY might go down over time if you don't put a minimum amount of money in the account every month. This varies from bank to bank and is something you'll definitely want to look into.

Top Money Market Accounts Minimum Deposit

Another thing to consider is the minimum deposit, as many banks do require these. If there is a minimum requirement to open up an account, make sure you can really afford to put that amount of money in the account. If you think you might need to access some of the money throughout the month, you'll need a bank that won't charge you a penalty for doing so, just as long as you don't go over the monthly transaction limit (which is usually around 6).

Look into miscellaneous perks that some internet banks offer with their top money market accounts. These are the things that simplify online banking: 24/7 account access, top-notch customer service and tech support, online deposit options like PayPal, and 0 service or maintenance fees. The process of opening a new account and making your first deposit should be very quick and easy.

Now that you have a better understanding of what to look for in online banks and top money market accounts, you can start looking over your options. CIT Bank is definitely a great place to start as it offers all of the perks above, and only has a $100 minimum requirement for starting an account.

To get closer to financial freedom, visit George's website: https://www.financiallygenius.com/cit-bank/

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Best Rated Investment Newsletters Guide: What to Look for in Quality Stock and Investing Newsletters

If you're becoming serious about investing, then it's time to consider subscribing to a newsletter. The better ones aren't for free, because the advice they offer is very, very useful and valuable. Pricing structures and availability all vary as well. The best rated investment newsletters tend to be the ones that are offered by established companies with quality reputations.

One important thing to look for is a newsletter that implements a strategy with a "buy-and-hold" investment style, and a high percentage of average return performance with its picks. If the return performance percentage is over 100%, the better the quality of the information and analysis.

Not only should you be provided with new stock recommendations every month, you should also be provided with an in-depth analysis about WHY each of those stocks is recommended. Even if you make the decision not to invest in those particular stocks, you will at least be better educated about how the stock market works and which indicators to look for when evaluating any stock or other investment opportunity.

If stocks aren't your thing, then look for the best rated investment newsletters that allow subscribers to decide which specific type of investment they wish to receive information about. The price might vary depending if you want to subscribe specifically to a stock newsletter, "rule breakers" kind of newsletter, comprehensive retirement guidance, and so forth.

Why Subscribe to the Best Rated Investment Newsletters?

Why subscribe to a newsletter in the first place where there are so many "free resources" and "tools" available on the internet? Because when it comes down to it, you really can't trust everything you read for free. Even if some of the information is legitimate, how confident are you in your ability to weed out the worthless stuff from the useful? And do you really think the top, knowledgeable experts in the world are going to spend their time evaluating and analyzing investment opportunities and the stock market for free?

This doesn't mean that you have to spend a whole lot of money for a subscription to a quality newsletter. Sometimes you can find coupons or internet discounts to bring the price down.

You get a lot more than just an analysis on stock picks. Depending on which subscription you choose, you can receive "model portfolios" with examples and guidance, community resources, and many other great features and perks.

Of all of the best rated investment newsletters, the one that gets recommended the most is The Motley Fool. Discounts are available to help you save on whichever specific newsletter you are interested in, whether it's "Rule Your Retirement", "Rule Breakers", "Market Pass", "Stock Advisor" or one of the many others.

To get closer to financial freedom, visit George's website: https://www.financiallygenius.com/motley-fool/

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Retirement Planning: 4 Simple Steps

For many, nearing retirement age can get frustrating and confusing. Many fail to properly get their finances in order to be able to enjoy retired life and thus, frustration takes root and tolls heavily on the person. being forty-five or fifty-five, very few people are satisfied with what they have saved for their retirement days. The list of regrets may not end there. Without getting an early start, many things can go wrong. Those that well into their forties and fifties are bound to lag behind. So, here are some practical and simple steps to getting really into retirement planning if you're a professional, business owner or just someone who cares about the future!

Firstly, the lessons of life are learned by personal experience or by the experience of others. Smart people learn from the latter in order to never experience bad situations after retirement. The very first lesson to learn about retirement planning is to start saving sooner rather than later. It's not complicated and it doesn't require you to be a finance guru either. With some willpower, guidelines, and knowledge, planning your retirement can be easy, convenient and above all, blissful.

Invest

Every paycheck should have about fifteen percent invested into retirement. It can be a savings account or a small side business that, if managed properly, can become something to rely on later on. Retirement saving goals are great but enjoying less of your income today would enable you to afford expenses tomorrow! Forget about your employer's retirement plan, your own gross income must have this percent stashed away in any form for the golden years ahead.

Recognize Spending Requirements

Being realistic about post-retirement expenditures will drastically help in acquiring a truer picture of what kind of retirement portfolio to adopt. For instance, most people would argue that their expenses after retirement would amount to seventy or eighty percent of what have been spending previously. Assumptions can prove untrue or unrealistic especially if mortgages have not been paid off or if medical emergencies occur. So, to better manage retirement plans, it's vital to have a firm understanding of what to expect, expense-wise!

Don't Keep All the Eggs in One Basket

This is the single biggest risk to take that there is for a retiree. Putting all money into one place can be disastrous for obvious reasons and it's almost never recommended, for instance, in single stock investments. If it hits, it hits. If it doesn't, it may never be back. However, mutual funds in large and easily recognizable new brands may be worth if potential growth or aggressive growth, growth, and income is seen. Smart investment is key here.

Stick to the Plan

Nothing is risk-free. Mutual funds or stocks, everything has its ups and downs so it will have ups and downs. But when you leave it and add more to it, it's bound to grow in the long term. After the 2008-09 stock market crash, studies have shown that the retirement plans in the workplace were balanced with an average set of above two-hundred thousand. The grown by average annual rate was fifteen percent between 2004 and 2014.

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Robert Kiyosaki - Rich Dad, Poor Dad: How To Use Debt To Get Rich

Top 5 Money Mistakes Millennials Are Making and How to Avoid Them

It is no doubt that millennials are the most informed generation. The internet provides them with information they need on just about anything including on personal finance and how to create wealth. However, besides being a wealth of information, the internet can also be quite confusing and conflicting. The information available on the web comes from different people with differing opinions.

It holds true therefore that besides having so much information, there are still many millennials out there that are making money mistakes and digging themselves into holes that will take years to get out of.

Here are 5 of the most common money mistakes millennials are making and how to avoid them.

Student Loans

Education is important in life and many millennials want to pursue expensive degree courses or attend prestigious universities. But, what many are not considering is whether the course they are pursuing will bring in enough income to justify the expense.

Before you take a student loan, you need to have the following in mind:

• How much are you expected to make monthly?

• How much will you have to pay monthly?

• How long will it take you to clear the debt?

Luxurious lifestyle

We are living in the social media age where people show off their "luxurious" lifestyles on Instagram and other social channels. Many millennials feel the pressure to show off on social media and therefore end up spending money they don't have to impress people they don't know and people that don't care.

Do you really need a $2,000 smartphone, an expensive wedding, a lavish lifestyle, to spend $$$ on drinks with friends just to take pictures and show off on social media? Use social media sparingly to socialize with friends and family and more for business and your life will never be the same again.

Waiting for too long to start saving

There are some millennials that start saving early but there are also those ones that wait too long to do so. If you are waiting to become "stable" to start saving money, then you will realize when it is too late that you should have started early. If you work more than one job or you get money unexpectedly from other sources, increase your savings or invest the extra income in long term investment options.

Too Many Credit Cards

People are wired for instant gratification and especially the millennials. You want what you want and you want it now. This has led to many millennials applying for too many credit cards. This leads to perpetual debt that you never seem to get out of.Try using cash as much as possible and avoid getting more than one or two good credit cards to build your credit score. Also, avoid always having your credit card with you as this will lead to impulse purchases.

Buying luxurious rides

A car is not an investment. It is a depreciating asset.Only buy a car that you need and you can afford. It is actually recommended that you buy a car you can afford to pay cash for or most of the money upfront. Do not test drive the luxurious models as this will tempt you to get a loan so you can "treat" yourself.

Also, as you invest money, also remember to save for retirement and consider having an emergency fund.

Mathenge Kabui Is an expert author on matters to do with personal development and retirement planning. You can contact him to give you quality content for your website by following the link below: https://www.kenyawriters.com/customorders/

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