Should I Climb The Corporate Ladder Or Start My Own Business?

When it comes to accumulating wealth, there are 3 main ways to go about it.

  • One, you can work for someone else, get paid a salary and try to save some money with every paycheck;
  • Two, you can make your money work for itself by investing it wisely;
  • And three, you can start your own business and become your own boss.

The 3 choices above are not all equally effective.  In fact, I would say that investing your money wisely and starting your own business are the only truly scalable ways to make money.

First off, what do I mean by scalable?

Let’s take your day job as an example.  If you work for someone else, chances are you are either paid by the hour or paid a fixed salary.  As a result, since there are only 24 hours in a day, there’s is only a finite amount of money that you can possibly make in a given year.

Sure, you might get a small raise from year to year, but in reality you will never be able to make “life changing” money with just your day job.

Now I’m not saying that having a day job is bad.

After all, having a steady salary is an excellent way to make ends meet and pay the bills.  But the best way to expand your pool of wealth is by starting your own business and investing the money that you do accumulate.

The Trap Of Working For Someone Else

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7 Online Service Alternatives that Save Money

It seems you can do everything online these days except wash your clothes — and some genius will no doubt figure that out fairly soon.

One of the great benefits of the Internet is the many ways it helps us save money.  From tax filing to wedding registries, the World Wide Web has a lot to offer.

Consider the following seven ways you can save with a computer, tablet or smartphone.

1. Online Car Insurance

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Ten Quicks Tips to Save on Gas Costs for Your Car

Gas prices!

Everyone loves to comment on the rising prices of gas including politicians, the media and the guy who took my order at the coffee shop this morning.

The process behind determining the price of gas is one that most of us will never understand.  Some people just accept that prices are high and they have to pay it, but there is something you can do:

You can choose to save money on the high cost of gas.

Extreme Measures

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How to Invest In The Facebook IPO

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You almost have to have been living under a rock lately not to know that Facebook is about to become a publicly traded company and issue shares of stock.

Earlier in February, Facebook filed paperwork with the Securities and Exchange Commission (SEC) to start the process of offering shares of stock to investors in an initial public offering (IPO).  But, it will be next to impossible for the average individual investor to get in on the IPO action in the beginning when the stock starts trading.

Investment banks that handle the transactions for Facebook take care of themselves, their best institutional clients, and other mutual funds before regular small investors like you and me are able to buy shares.

Why It Is So Hard For Individual Investors

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Playing Dominion vs. Playing the Market

My boys received a copy of the game Dominion as a Christmas present.

It’s a super game.  You acquire cards with powers.  The different powers work together in lots of interesting ways, but of course you must acquire them on a limited budget and have limited time in which to get as strong as you need to be.

Making good choices requires effective strategizing.

After playing the game two times, I wanted to learn more about how to play well.  I typed the words “Dominion strategy” into the Google search box to see what I could find.

It pained me to see what turned up.

Dominion has only been around for a few years.  And of course it is only a game.  So it wouldn’t be a big deal if there were no good materials available.  I quickly found lots of outstanding materials.  In 30 minutes, I was a much improved Dominion player.

The painful part is in considering the contrast with stock investing.
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Are You Making These Mistakes With Your Side Business?

The beauty of the blogging community, the different inspiring individuals on Twitter, and the many forums out there is that you get to communicate with many like-minded folks.

I love chatting with other ambitious colleagues because we get to help each other, share feedback, and think of ideas that one person alone could never come up with alone.

Through my various chats over the years I’ve learned that I’ve done many things wrong.

Instead of getting upset with a criticism I usually do my best to apply it to my life.  This is why I’m comfortable with writing a piece on small business mistakes that we all make at the beginning.

We’re all guilty of making certain mistakes when first trying to launch a side business.

Are you making any of the following mistakes with your side business?

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How to Find the Best Financial Planner – 10 Qualities to Look For

We all know how important planning our finances is.

It’s just not enough to obtain money and put it away in the bank while it earns minimal interest.

Investing is the smart way of making your money earn more money for you, but most people just don’t have the time to learn about all the investment vehicles that are available.

To solve this problem, this is where financial planners come into play.  Planners analyze your financial situation and, if you can find a good one, they can help you achieve your financial goals through the proper usage and management of your money.

The challenge now is, how can you find a reliable financial planner that will truly grow your money?

Below are 10 characteristic traits that you should look for in a financial planner during the hiring process:

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