Invest in Yourself, and Transform Your Career!

Bangalore: The career ambitious Entrepreneur, Reid G Hoffman has recently published his new book, ‘The Start-up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career.’ The book is co-authored by Ben Casnocha, another Silicon Valley entrepreneur and blogger. The book is to have great impact on careerists as it discusses the concepts of being the owner of your career while exploring the authors’ experiences with start-ups. The Silicon Valley venture capitalist and co-founder of LinkedIn, Hoffman has already engineered several startup success stories. Including Facebook, Hoffman is a leading backer of or consultant to more than 60 start-ups. His career theories have proven as he could make several Silicon Valley Start-ups as successful business ventures.

Read more..

Also read passion and purpose..

Don’t make the same mistake!

The traditional education system (thank God it’s changing) never
taught us how to be rich but instead brainwashed us into becoming
poor.
Secretes of Millionaire Investors   

We are taught beliefs like ‘study hard, get good grades and a
good job and you’ll be set for life!’, ‘investing is risky’, ‘don’t
play with stocks or you’ll get burnt’, ‘don’t be so money-faced’ or
‘don’t be so stingy’.

As result of all the wrong anti-wealth advice, most people work
hard all their lives, going around in circles in the rat race and
ending up broke and unhappy.

However, a fortunate few eventually learn that wealth is not made
by just getting a good job and working hard. It takes a different
way of thinking and a totally different strategy. Those that learn
this lesson get out of the rat race and onto the path of financial
abundance and freedom.

Some people take ten years to figure this out, some take thirty
years and some never figure it out until it is too late. Don’t make
the same mistake!

Poular posts:

http://srinibiz.wordpress.com/2012/01/21/secrets-of-millionaire-investors/

Many reasons why won’t you quit your job

3 methods to select a Stock

There are three major steps that master investors take and they
are: 1) identify very good businesses, 2) buy them only at a huge
discount and 3) wait for the market to realize its true value or
overvalue it.

Step 1: Identify Very Good Businesses
Always remember that when you are buying a stock, you are not
buying a lottery ticket but you are buying part-ownership of a
company. If you want the value of your stock to increase over time,
you must identify and invest in very good businesses. Thus, you
must truly understand the business behind the stock. All master
investors invest from a business perspective.

What is a very good business? It is one where we can predict with
confidence that, over the long-term, it’s annual earnings and hence
stock value will increase (if a company can make increasingly
higher profits in the future, it would become more valuable). When
the value of the company increases, the stock price will eventually
increase.

While bad news and disasters like wars, recessions and new
competition will always cause the market to panic and stock prices
to plunge, a very good business is one that we are confident will
always recover and prosper after such events.

In this case, you don’t have to depend on market predictions for
your stock’s price to rise, but you are certain it will rise
because of its strong business fundamentals and earnings.

Step 2: Buy them Only At A Huge Discount

Very good companies with strong earnings, financial strength and
high growth potential are usually expensive to buy (the stock price
is overvalued). However, the market always goes through booms and
busts and there will always be short-term bad news that hits a
company (e.g the company reports lower than expected profits). It
is under these circumstances that the irrational short-term
orientated market will panic and sell the stock until its price is
way below its intrinsic value.

The master investor, knowing the true value of the stock, will buy
as much as he can at such times, thereby getting a huge ‘discount’.
He knows that the market will eventually come to its senses and
recover, correcting the stock price and bringing it up to its true
value. This is when very substantial returns are made for the
investor who is patient and confident in his purchase.

Step 3: Wait for the Market to Realize a Stock’s True Value or
Overvalue It.
Checkout more to take benefit on buying stocks…

The best time to sell is when the stock market is booming or there
is good news that makes the market overreact. Investors will flock
to buy up so much stock that the prices of all stocks rise above
their intrinsic value. When a stock is highly overvalued, it is a
good time to sell as you will make a huge profit.

Secrets of Millionaire Investors

I am extensively searching to provide some good book, for you, how millionaire investors follow to make their money on investing….just read on

Secretes of Millionaire Investors     [please donot click on unless you have desire.]

1. Basic principles of how the stock market works, and how to work the stock market successfully, including such gems as how to make sure you get out early if you picked the wrong stock without getting burned too badly.

2. In a chapter, called “The Idiot Proof Way To Making Money” the authors explain the first and most basic system for making money in stocks. They argue that with the information they provide, it’s possible to achieve just about risk-free annual returns. The only “skill” you need is patience.

Have you ever been at those teaser investment seminars, where they tell you about surefire ways to make money in the stock market and show you some fancy charts that they say will tell you exactly when to buy and sell and so on? I have. And then they say that we’d get all the info we need to actually apply this information if we bought into their $5000 or so program.

Reading this chapter brought back those memories because all the charts they showed (and many more) are right here in this book, starting with this chapter. The difference: They’re explained in so much detail that you can actually apply that knowledge. That’s when I really started to pay attention. This was good stuff.

It teaches you how to buy, how to sell, when to buy and sell, and so much more. The “more” is key, of course. If you did just the idiot proof techniques, you could make a nice chunk of change, but it would probably be hard to become really wealthy that way. That’s why the authors added many ways to turbo-charge the process. And, something very important, especially when the economy goes through challenging times – they’ve provided plenty of ways to make money no matter what the economy does.

The next chapter is about Value Investing, Warren Buffett’s secret. But this goes way beyond the kind of information you can buy at a regular bookstore. And one of the key skills you learn in this chapter: How to evaluate a business and the potential of its stock – in great depth! Worksheets are provided.

Next, something really cool: “Momentum Investing.” I must admit that I had never even heard of that before. The idea is that you catch stocks that are about they take off and rise in value so quickly that most other people don’t catch on till they have to buy them at a premium. Many detailed charts and instructions help you to figure out which stocks are good candidates, and how to catch them just before they hit it big.

Know What Your Boss Expects of You

Even if you know your annual targets and goals, you may not always know everything your boss expects of you. Every manager has unspoken expectations. Here are three things you can do to meet them:

• Collaborate. Bosses want people who cooperate. Overcome differences with others and work together effectively—even if you don’t like each other.
• Lead initiatives. Those who raise their hands climb the ladder faster. Don’t be reluctant to take on new initiatives, even if they may not pan out.
• Stay current. Bosses rely on their people for information. Regularly consume the news to stay informed about your competition, your customers, and what is happening in the marketplace.

Follow it “Management Tip of the day” from my Blogroll.

Cash Flow Ideas (4 of 5)

I am just writing an interesting thing. Just read on…

Everyone can start this with little amount. Before you start improving your millionaire mindset (millionaires are not wealthy in their initial stage, but how they earned abandon money, only with their mindset, So financial knowledge is crucial to become rich). Save some amount every month, little by little from your salary or your small business.

Think an idea (business/sales/marketing) to get passive income from that amount (it is just out of your regular work- For example use your passion), as below:

Jan-2012——>   Rs 1000

Feb-12———> Rs 2000

March 12——> Rs 3000

April 12——> Rs 4000

May 12——> Rs 5000

June 12 —–>  Rs 6000

.

. and so on

Dec 12——> Rs 12000

If you properly use your financial knowledge, your passive income will raise to Rs 12000. Just make a goal and do this. It is just an idea. For more ideas, and to come out from rat race, read here.

Debit, Credit and Credit card

There are many ways to slip into debt. You might become underemployed, suffer a salary reduction, divorce, high medical bills, or simply lack good money management skills.

These life problems don’t necessarily translate into debt. Good money management skills combined with the following three rule system can save you from financial difficulty…

• Use debt only to purchase assets that increase in value or produce more income than expenses. Debt used this way leverages your balance sheet which can be a valuable wealth building strategy, but it can also increase your risk so be careful.
• Never use credit to increase consumption. If you don’t have the money in the bank to pay for lifestyle expenses then you can’t afford it.
• Credit cards should only be used for transaction convenience and should be paid in full each month.

Thanks for reading.

Source: Financial mentor