May 17, 2010
Twitter. Facebook. MySpace. The rub with the powers-that-be in charge of each of these social media titans is how to make them profitable. From a business perspective, what good is it to have 70 trillion thousand participants but not make a single red cent in profit?
The soon-to-be-launched Twitter Business Center (TBC) proves at least one of the Big Three is on the case. What exactly will the TBC do that anyone cares about? The answer to that question is still to be determined but here’s the plan.
May 14, 2010
episode 168 of the Creating Wealth Show, Jason Hartman discusses some of the disadvantages of investing in gold.
Despite the crowd of investors clamoring to join this gold rush redux, Jason is not a fan. In fact, he likens buying precious metals with investing in insurance since neither meets his standards of a true investment, although they are touted as such. If you want evidence, consider that insurance companies turn around and invest your premiums in real estate.
Despite the crowd of investors clamoring to join this gold rush redux, Jason is not a fan. In fact, he likens buying precious metals with investing in insurance since neither meets his standards of a true investment, although they are touted as such. If you want evidence, consider that insurance companies turn around and invest your premiums in real estate.
May 12, 2010
It might seem like the most obvious way to diversify your real estate portfolio is to invest internationally. Ancient French towns, laid back Caribbean villas, or splashy Dubai condos. Surely these locations will never go out of fashion. Plus the euro is kicking the dollar to hell and back on value and has been doing so for a while.
As might be expected, there are a few factors to keep in mind. First and foremost, don’t forget the Empowered Investor Network maxim, “Does it make financial sense the day you buy it?” If it doesn’t, nothing else matters.
May 11, 2010
There’s the old saying that a person should “do what they love and money will follow,” the implication being that if you love what you do, you’ll put forth a better effort and money in the form of profit will surely be the reward. You do know there’s no guarantee with that way of thinking, right? Not every hobby is a great business idea but some might be.
You’re still going to have to work it, market it, bring in new customers, sweat the bottom line, and work your fingers to the bone. No surprise there. That’s the case with any business. And there’s no doubt that, all other things being equal, being interested in the topic you’re building a business around is easier than dealing in something you’re ambivalent about – or worse – disinterested.
