Archive | April 8, 2017

Property Investment Vs Property Speculation

Most people get Real Estate wrong for two simple reasons.:

1. They don’t understand the difference between an asset and a liability
2. They don’t understand the difference between investing and speculating

The broke majority live under the misguided belief that their family home is an asset. An asset by definition is Something valuable that an entity owns, benefits from or has use of, in generating income. The key is the words generating income. By that definition your home is not an asset, it is a liability. It does not generate income, it costs you money.

The broke majority will borrow as much as they possibly can, to buy the most expensive home they can afford, in the mistaken belief that this is a good investment. In fact they are are burdening themselves with the worst kind of debt. Long term, expensive, non-deductible debt that produces no income in return. The same kind of debt that lead to the housing collapse in the USA.

Successful investors understand this crucial point. Your home is not an investment.

The Business Dictionary defines an investment as Money committed or property acquired for future income. Now some will argue that an investment doesn’t have to produce an income and cite as an example gold bullion, collectibles or share futures contracts. By definition, none of these are investments, they are items of speculation. They can go up in value or, just as easily, go down. You are speculating on the future trade-able value, not investing in the inherent value of the income an asset represents. Tens of thousands of homeowners around the world discovered in 2009 that home values can fall and can fall dramatically and disastrously.

If you buy a house to live in with no income return expected from it, but in the hope it will increase in value, you are speculating not Investing.

If you buy a house to rent out, you are investing. The Australian government has long recognised the difference and that is why they allow you to claim the expenses relating to a rental property, including interest payments, as a tax deduction but do not allow any deductions for expenses incurred in buying a house to live in. In other words, the government is willing to share the risk of investing in income generating real estate because the risks are lower than tying up your money in your home.

Smart investors have a small or no mortgage on their own home and the majority of their borrowings are for rental property because that is the lowest risk strategy. They also get the best advice they can on quickly reducing the mortgage on their home.

Setting goals To become That Successful Internet Entrepreneur

Starting out to become a successful entrepreneur is a exciting emotional time in a persons life. A decision has been made to break away from the normal way of thinking about work and money possessed by the majority. The majority meaning about ninety seven percent of the population.

Becoming a successful internet entrepreneur requires changing the way you were programmed to think. The decision has been made, backed by a commitment to become one of the -three percenters- that have chosen to take control of their financial future and live life on their own terms. There is no longer a boss making decisions about when, where, and how you will make a living. It will be all up to you either to succeed or fail.

The most important aspect of becoming a successful entrepreneur will be your ability to set a goal and do what ever it takes to reach that goal. Realize that you must not just show up for the game, you must play to win and to win you must set goals.

Almost everyone from business professionals to athletes have been coached on the need for setting goals and just how important it is, but many do not understand why they can not reach their set goals.

What does it Require to reach a Goal?

Why some succeed and most do not is that those that succeed have learned to attach a strong emotion to why their goal must be reached.

Whether we are money hungry entrepreneurs or some other noble profession there has to be a deep underlying emotion attached to a goal. Just saying I want to make more money in itself can not be a goal. The questions must be asked, why do I want to make more money, how much money do I want to make and how will I feel when I receive this money? How will it make me fill emotionally, happy, jubilant, thankful, relieved? Concentrate on this emotion and how making more money will enforce this emotion.

Finally, a time frame must be put on this goal.

What exact date and time will this goal be met? A goal without a date and time set on it is merely becomes a wish and not reality.

To become a successful entrepreneur, one must learn the proper way to set goals both short term and long term.

Steve Kimball has been a business owner and entrepreneur for over 25 years. His main goal is to assist others in achieving the success they deserve online. He has teamed up with the elite marketers at carboncopypro and together they are striving to change the world one person at a time. For more information go to

The Medical Insurance Phenomenon

If you are driven with the notion that you can buy medical insurance when you are about to be hospitalized, then you are wrong. Medical insurance India generally covers an unexpected event; so, you cannot buy one to meet your existing expenses. But after being insured, if you get hospitalized, the insurer does take care of the expenses. Get a medical insurance cover right from teenhood and continue the same throughout your life. This way you will be continuously and sufficiently covered in case of any eventuality. For every claim free year you do get discounts; by the time you reach a particular age, you pay only a very negligible amount and the benefits you avail cannot be measured. Children get automatically covered in a family insurance plan.

Most companies provide health insurance to their employees; if you are a fortunate part of that section, you are automatically rewarded. But if you have a family, you should find one that is adequate to your familys needs. Do look for the critical ailments covered as well as the network hospitals. If you are not cautious you may end up spending a lot of money for a particular treatment because the same is not covered in the policy. Moreover, switching your job will make your health insurance invalid. And if your new company does not provide medical insurance online facilities, you should immediately buy one and stay safe.

The online phenomenon has been influencing millions of lives since the time the Internet was introduced. Today, online shopping takes less time and is effortless and convenient; medical insurance online is no exception. You can compare medical insurance policies offered by different insurance providers and accordingly choose the right policy. EIndiaInsurance.com is a platform for online medical insurance in India; thousands of buyers prefer this portal to buy medical insurance policies. The uniqueness of this online site is the enlistment of a number of insurance providers and running a unique web comparison tool facilitating buyers to compare insurance policies and get quotes instantly. You can buy one right at this platform using a credit/debit card or even a cheque.

This entry was posted on April 8, 2017, in Insurance and tagged .