The 35 Most Notorious Napoleon Hill Quotes

The 35 Most Notorious Napoleon Hill Quotes

By Dan Western

Napoleon Hill was an American author, who was one of the first authors to get involved in the personal success genre.

Napoleon spoke on personal success, personal beliefs, and the principles you need in order to achieve success.

His ideas were absolutely brilliant, and I think that when it comes to self development, Napoleon’s book “Think and Grow Rich” is regarded as an excellent read.

This article outlines 35 of the most notorious Napoleon Hill quotes, many of which you’ve heard before and taken in. There’s no denying that the insights behind these quotes are genius.

35 Notorious Napoleon Hill Quotes

1. “The starting point of all achievement is desire.” – Napoleon Hill

2. “Strength and growth come only through continuous effort and struggle.” – Napoleon Hill

3. “A goal is a dream with a deadline.” – Napoleon Hill

4. “Your big opportunity may be right where you are now.” – Napoleon Hill

5. “Patience, persistence and perspiration make an unbeatable combination for success.” – Napoleon Hill

6. “If you cannot do great things, do small things in a great way.” – Napoleon Hill

7. “Great achievement is usually born of great sacrifice, and is never the result of selfishness.” – Napoleon Hill

8. “Think twice before you speak, because your words and influence will plant the seed of either success or failure in the mind of another.” – Napoleon Hill

9. “Before success comes in any man’s life, he’s sure to meet with much temporary defeat and, perhaps some failures. When defeat overtakes a man, the easiest and the most logical thing to do is to quit. That’s exactly what the majority of men do.” – Napoleon Hill

10. “Cherish your visions and your dreams as they are the children of your soul, the blueprints of your ultimate achievements.” – Napoleon Hill

11. “Fears are nothing more than a state of mind.” – Napoleon Hill

12. “Opportunity often comes disguised in the form of misfortune, or temporary defeat.” – Napoleon Hill

13. “Victory is always possible for the person who refuses to stop fighting.” – Napoleon Hill

14. “Procrastination is the bad habit of putting of until the day after tomorrow what should have been done the day before yesterday.” – Napoleon Hill

15. “Don’t wait. The time will never be just right.” – Napoleon Hill

16. “The ladder of success is never crowded at the top.” – Napoleon Hill

17. “All achievements, all earned riches, have their beginning in an idea.” – Napoleon Hill

18. “There is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it.” – Napoleon Hill

19. “Money without brains is always dangerous.” – Napoleon Hill

20. “You can start right where you stand and apply the habit of going the extra mile by rendering more service and better service than you are now being paid for.” – Napoleon Hill

21. “There are no limitations to the mind except those we acknowledge.” – Napoleon Hill

22. “If you do not conquer self, you will be conquered by self.” – Napoleon Hill

23. “Any idea, plan, or purpose may be placed in the mind through repetition of thought.” – Napoleon Hill

24. “Happiness is found in doing, not merely possessing.” – Napoleon Hill

25. “Success in its highest and noblest form calls for peace of mind and enjoyment and happiness which come only to the man who has found the work that he likes best.” – Napoleon Hill

26. “Until you have formed the habit of looking for the good instead of the bad there is in others, you will be neither successful nor happy.” – Napoleon Hill

27. “Whatever the mind of man can conceive and believe, it can achieve.” – Napoleon Hill

28. “The man who does more than he is paid for will soon be paid for more than he does.” – Napoleon Hill

29. “The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those which fail.” – Napoleon Hill

To continue reading, please go to the original article here:

https://wealthygorilla.com/the-35-most-notorious-napoleon-hill-quotes/#ixzz5P09ZzuXy

15 Quotes From Successful Investors That Will Change Your Life

15 Quotes From Successful Investors That Will Change Your Life

From Pocket Sense By Natalie Saar

It takes a wise person to make millions and billions of dollars from investments, so why not partake in some of that wisdom? From Berkshire Hathaway CEO Warren Buffett to historically notable inventor and investor Benjamin Franklin, here are some words to live by some some of the wisest people in the history of investing, and not just when it comes to money.

1. Don't Lose Money

“Rule number one: Don’t lose money. Rule number two: Don’t forget rule number one.” – Warren Buffett

This seems pretty straightforward, but it’s incredible to think about how often in our lives we lose money because of one reason or another. Las Vegas has made billions of dollars off of people prepared to lose money without a real hope of making it back. It may not be the golden rule, but it’s certainly one to keep close to the chest.

2. Invest in Knowledge

"An investment in knowledge pays the best interest." – Benjamin Franklin

Whether you're considering investing or switching careers, investing in knowledge will pay dividends in time and money. Consider the five-hour rule – something Oprah, Buffett and Bill Gates all adhere to.

It’s simply spending five hours a week learning something new. If you’re not already doing this, consider adding it to your schedule for the week. There are endless resources online to get yourself on the right track, whether it’s simple YouTube videos, borrowing a book from your local library or subscribing to an educational site like Skillshare or The Great Courses.

3. Don't Play it Too Safe

"How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." – Robert G. Allen

While this largely applies to investing, it also applies to other areas of life. Playing anything too safe won't give you optimal results. Especially when it comes to your money, there are some tried-and-true methods to responsibly invest. Do you research when risk is involved, and you'll come to a logical balance of risk and reward.

4. Know Your Investments

"Know what you own, and know why you own it." – Peter Lynch

Unfortunately, people tend to make decisions without fully understanding why they’re making them. For example, if you have a 401(k), do you know how it works and how it will work for your future retirement?

This goes for all types of investments and purchases, from home ownership (do you know why you bought in a certain neighborhood? Why you paid the price you did? If the home is in a growing area?) to cars (What’s the resale value outlook? Are repairs expensive?).

Investments, homes, cars and other investments will always be around. Do your homework so that you make sound decisions, even when you have a financial professional or an agent guiding you along the way.

5. Financial Success Happens Slowly

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." – Paul Samuelson

There are many things more rewarding than checking in on your 401(k) or other investment account and seeing how much it’s accumulated over time, but the key there is “over time.” Financial success from investing happens slowly, not overnight. Be patient and you’ll see results.

6. Find Your Niche

"Wide diversification is only required when investors do not understand what they are doing." – Warren Buffett

While this is true of investing, it’s also applicable to life. No one can be good at everything. The key to success is finding your niche in life and running with it. It’s okay to know how to do things like change a tire, but that doesn’t mean you need to be a mechanic. What skills work for you in your life? Focus on honing those.

7. Protect Your Reputation

"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." – Warren Buffett

Another nugget of advice from Buffett that can be applied to both investing and life in general. If you manage other people’s money, it just takes one expensive mistake to lose trust forever. It’s the same in life. Sometimes it doesn’t matter how much goodwill you’ve built up; it can be lost in a matter of minutes. A familiar example is Hollywood stars who seemed squeaky clean until their mugshot is slapped across the front page of every tabloid.

8. Improve Yourself

“Spend each day trying to be a little wiser than you were when you woke up." – Charlie Munger

Here are some wise words from Buffett’s counterpart Charlie Munger. If you want to put this into practice in your own life, at the end of each day, ask yourself what you learned that day.

It doesn’t have to be a fact from a book; it can be an observation about your work, people close to you or something about your own life. Try to take that lesson and internalize it in a constructive way.

9. The 20 Percent Rule

"If you have trouble imagining a 20 percent loss in the stock market, you shouldn't be in stocks." – John Bogle

This speaks to the concept of not overextending yourself in general, not only when it comes to the stock market. Take a look at your income and budget, if your paycheck was cut by 20 percent would you still be able to pay the bills and keep the same quality of life? If not, then you might want to find a way to cut back on 20 percent of your expenses.

10. Don't Fall into the Same Habit

“The four most dangerous words in investing: ‘this time it’s different.’” – Sir John Templeton

Ask anyone who has jumped from one bad relationship into another, these words don’t only apply to investing. Unfortunately, we can become creatures of habit, which means we may habitually choose the same kinds of jobs, friends or romantic partners despite the fact that they didn’t work out before.

It’s easy to get excited about something new and think that this time it will be different, but chances are that it won’t be. If it’s just a financial investment you took a gamble on again, then you can make that money back, but if it was an investment of time, then that’s the costly mistake.

To continue reading, please go to the original article here:

https://pocketsense.com/15-quotes-from-successful-investors-that-will-change-your-life-13708277.html

If Money Could Talk

If Money Could Talk

By Greg Habstritt 

 A Powerful Perspective You’ve Never Heard Before – "If Money Could Talk"

Most people think they know me.   They don’t.

I am not what most people think I am. I am not the paper in your wallet, or the coins that jingle in your purse. I am not quietly sitting in your bank account, hoping to be used one day.

You cannot see me, feel me or touch me. I am an idea. I am energy.

I’m neither good nor evil. I am only what you decide that I am, and I fulfill the role that you create for me.

I don’t care how smart you are, where you live, what you do, or where you come from.  All I care about is your energy.

Your energy decides what thoughts you have, and therefore your thoughts will determine the relationship you have with me.

I have very simple needs, and simple rules.  I am infinite.

I have no limits, except for those you place on me with your mind. There is no limit to the energy in the world, and because I am simply energy, I cannot be restricted or controlled.

I crave abundance.

I am attracted to those who think without restrictions, who like to think big. When you believe there is enough of me to go around, I am naturally magnetized by that thinking.

I despise scarcity.

Because there is no limit to me, I avoid those who think from a win/lose or scarcity perspective. Those who believe I am in short supply, or difficult to receive, will find that very reality, because I choose to avoid those who think small.

I love value.

What magnetizes me most is the creation of value in the universe. I move to places where value is created, because creation is energy. If you wish to attract me into your life, focus on creating value for others, and I will appear.

I avoid entitlement and complacency.

No one ‘deserves’ to have me, and I am always moving to the place I am most respected and where value is created. It has nothing to do with ‘fair’. Those who take me for granted or become complacent with my energy will find me gone.

I only have one job, and that is to serve you.

It is a matter of energy and value creation. My purpose is simply to move to where I am attracted most, and where I can grow.

My one goal is to replicate myself.

Because there is no limit to energy, my purpose is to reproduce and grow, in order to bring more energy to the universe. I am created and replicated through value creation. I am an energy of evolution.

To continue reading, please go to the original article here:

http://museologies.blogspot.com/2011/10/if-money-could-talk.html

​Owning Your Home Doesn’t Make You Rich

From Dinar Recaps Archives posted on 8/5/2019

Owning Your Home Doesn’t Make You Rich Owning Somebody Else’s Does
By Andrew Van Dam The Washington Post

In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join.

Business owners and landlords tend to be about four times as wealthy as the average American. That’s more than in almost any other country included in a new study.

On the other end of the spectrum, renters in the United States tend to have about an eighth as much wealth as the average American.

In the recent working paper, Austrian central bank economists Pirmin Fessler and Martin Schürz used a long-running U.S. wealth survey and its newer European counterpart to compare wealth across continents.

It’s one of the first such comparisons to look at wealth in terms of what people use it for, rather than at arbitrary percentile cutoff points. The widest inequalities, they find, are between groups inside countries, not across country borders.

In their analysis, they split households into three groups. Homeowners, whose primary wealth is also their primary residence, form the bulk of the middle and upper-middle class. Business owners and landlords (about 15% of U.S. households), tend to be among the wealthiest.

Their wealth is typically used to generate additional income. Those who pay to rent their residences (about 35% of households), and whose wealth is typically used to cover needs such as emergency expenses or retirement, fill out the bottom of the spectrum. They’re joined by homeowners and business owners whose debt exceeds their equity.

The bottom 40% are most likely to be renters. The top 5% are most likely to own businesses or rental properties. The authors found this polarization has increased since 1962.

In every country Fessler and Schürz studied, homeowners’ wealth hovers near the national average. The biggest gaps are between those who own businesses and rental properties and their customers and tenants.

Van Dam writes for the Washington Post.

To continue reading, please go to the original article at

https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html

Fed's Third "Year-End" Repo Oversubscribed Again Amid Liquidity Scramble As Dec 16 Tax Day Looms

Fed's Third "Year-End" Repo Oversubscribed Again Amid Liquidity Scramble As Dec 16 Tax Day Looms

by Tyler Durden   Mon, 12/09/2019

One week after the Fed's second 42-day term repo which allowed dealers to lock in funding into the new year and which was again oversubscribed, confirming a growing scramble for year-end funding, traders were looking ahead to the result from today's third "year-end" repo, this time with a 28-day term maturing on January 6. And, as we noted last week, year-end liquidity fears remain front and center as the $25 billion - which the Fed expanded from $15 billion late last week - proved to again be roughly 40% below the required size to satisfy all liquidity demands.

Dealers submitted $43 BN in bids for the 28-day op ($29.80 BN in Treasurys, $0.1BN in Agency, $13.1BN in MBS paper), resulting in an oversubscription of the $25BN in available repo, and confirming that the Fed may have to add additional "year-end" repos to satisfy all dealer liquidity demand as we enter 2020.

This was modestly above the $42.550 billion submitted last week in the second 42-day repo operation conducted on December 2

At the same time, the Fed also announced that in the latest overnight repo, it had accepted $56.4 billion in securities, a modest drop from the recent range and the lowest roll amount since the Fed expanded the available size of overnight repos to $100 billion. A big reason for this is likely that $25 billion was shifted over from overnight to 28-day term repos.  

The biggest concern: the repo rate over year end remains stubbornly stuck well above 3%, more than double the Fed Fund rate, and clear evidence that the US interbank plumbing remains broken.

It remains a pressing question for funding markets why, even with QE4 in place and now daily overnight and short-term repo operations in place, banks continue to rush to lock in year-end liquidity, where some fear a similar explosion in overnight repo rates as was observed on Dec 31, 2018 when General Collateral soared amid a widespread liquidity shortage.

Indeed, even with the Fed’s commitment to continue providing liquidity to the financial system around year-end, the market is still showing concerns, indicating that for all its telegraphed firepower, the Fed has failed to calm markets and ease counterparty risks which as the BIS observed yesterday, now involve hedge funds.

As a reminder, since the Sept 16 repo blow up, the Fed has injected $208 billion via "temporary" rolling overnight and term repos, and $114 billion via permanent T-Bill purchases.

To continue reading, please go to the original article here:

https://www.zerohedge.com/markets/feds-third-year-end-repo-oversubscribed-again-amid-liquiduity-scramble-dec-16-tax-day-looms

Is A Global Crash Just Around The Corner?

Is A Global Crash Just Around The Corner?

Central Banks Are Cutting At The Fastest Rate Since The Financial Crisis

By Tyler Durden   Sun, 12/08/2019 -

There is something very fishy about the world's economic situation. On one hand, US president Trump keeps repeating that the US economy is the strongest it has ever been, with global strategists, economists and officials parroting as much they can, repeating that the world economy is also set to rebound sharply any minute now. And yet, two things stand out.

As we pointed out first last month, and as Convoy Investments echoed last week, with the US economy allegedly doing very well, the Fed's balance sheet is now expanding at a rate matched only briefly by QE1, and faster than QE2 or QE3, in the aftermath of September's repo fiasco which provided Powell with an extremely convenient scapegoat on which to hang the return of "NOT QE" (which, we now know, is in fact QE.)

The Fed's unprecedented balance sheet expansion in a time of alleged economic stability and solid growth is a handy explanation why the S&P has been soaring in the past two months, and as we pointed out, a remarkable correlation has emerged whereby the S&P is up every week the Fed's balance sheet is higher, and down whenever the balance sheet has declined.

And so, while helping us understand what has been the fuel for the market's recent blow-off top meltup, the Fed's emergency intervention does beg the question: is there something amiss more than just the repo market, and is Powell telegraphing that a far more serious crisis may be looming.

It's not just Powell, however. It's everyone.

As Bank of America's Michael Hartnett notes in his latest Flows and Liquidity weekly, global monetary policy has flipped from Quantitative Tightening (net 42 hikes & $650bn liquidity removed in 2018) to aggressive Quantitative Easing (net 53 cuts) and represents that fastest pace of central bank cuts since the financial crisis.

Of course, back then, there was a legitimate reason for central banks to be cutting rates as if their lives depended on it: they literally did, because absent stabilization at any cost, fractional reserve banking, modern economics and the entire western way of life was on its way out in the aftermath of the Lehman failure.

Yet now there is none of that.... or so conventional thinking goes. In fact, the global economy - while sputtering - is supposedly doing just fine. And yet, central banks are acting as if a global financial crisis is just around the corner.

To continue reading, please go to the original article here:

https://www.zerohedge.com/markets/global-crash-just-around-corner-central-banks-are-cutting-fastest-rate-financial-crisis

The Buying Power of the U.S. Dollar Over the Last Century

The Buying Power of the U.S. Dollar Over the Last Century

The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money.

The value of money is not static. In the short term, it may ebb and flow against other currencies on the market. In the long-term, a currency tends to lose buying power over time through inflation, and as more currency units are created.

Inflation is a result of too much money chasing too few goods – and it is often influenced by government policies, central banks, and other factors. In this short timeline of monetary history in the 20th century, we look at major events, the change in money supply, and the buying power of the U.S. dollar in each decade.

A Short Timeline of U.S. Monetary History

1900s

After the Panic of 1907, the National Monetary Commission is established to propose legislation to regulate banking.

U.S. Money Supply: $7 billion

What $1 Could Buy: A pair of patent leather shoes.

1910s

The Federal Reserve Act is signed in 1913 by President Woodrow Wilson.

U.S. Money Supply: $13 billion

What $1 Could Buy: A woman’s house dress.

1920s

U.S. dollar bills were reduced in size by 25%, and standardized in terms of design.

The Fed starts using open market operations as a tool for monetary policy.

U.S. Money Supply: $35 billion

What $1 Could Buy: Five pounds of sugar.

1930s

To deal with deflation during the Great Depression, the United States suspends the gold standard. President Franklin D. Roosevelt signs Executive Order 6102, which criminalizes the possession of gold.

By no longer allowing gold to be legally redeemed, this removes a major constraint on the Fed, which can now control the money supply.

U.S. Money Supply: $46 billion

What $1 Could Buy: 16 cans of Campbell’s Soup

1940s

The massive deficits of World War II are almost financed entirely by the creation of new money by the Federal Reserve.

Interest rates are pegged low at the request of the Treasury.

Under Bretton-Woods, the “gold-exchange standard” is adopted.

U.S. Money Supply: $55 billion

What $1 Could Buy: 20 bottles of Coca-Cola

1950s

The Korean War starts in 1950, and inflation is at an annualized rate of 21%.

The Fed can no longer manage such low interest rates, and tells the Treasury that it can “no longer maintain the existing situation”.

U.S. Money Supply: $151 billion

What $1 Could Buy: One Mr. Potato Head

1960s

An agreement, called the Treasury-Federal Reserve Accord, is reached to establish the central bank’s independence.

By this time, U.S. dollars in circulation around the world exceeded U.S. gold reserves. Unless the situation was rectified, the country would be vulnerable to the currency equivalent of a “bank run”.

U.S. Money Supply: $211 billion

What $1 Could Buy: Two movie tickets.

1970s

In 1971, President Richard Nixon ends direct convertibility of the United States dollar to gold.

The period following the Nixon Shock is uncertain. The federal deficit doubles, stagflation hits, and the oil price skyrockets – all during the Vietnam War.

Over the decade, the dollar loses 1/3 of its value.

U.S. Money Supply: $401 billion

What $1 Could Buy: Three Morton TV dinners.

1980s

The stock market crashes in 1987 on Black Monday.

The Federal Reserve, under newly-appointed Alan Greenspan, issues the following statement:

“The Federal Reserve, consistent with its responsibilities as the nation’s central bank, affirmed today its readiness to serve as a source of liquidity to support the economic and financial system.”

The Dow would recover by 1989, with no prolonged recession occurring.

U.S. Money Supply: $1,560 billion

What $1 Could Buy: One bottle of Heinz Ketchup.

1990s

This decade is generally considered to be a time of declining inflation and the longest peacetime economic expansion in U.S. history.

During this decade, many improvements are made to U.S. paper currency to prevent counterfeiting. Microprinting, security thread, and other features are used.

U.S. Money Supply: $3,277 billion

What $1 Could Buy: One gallon of milk.

2000s

After the Dotcom crash, the Fed drops interest rates to near all-time lows.

In 2008, the Financial Crisis hits and the Fed begins “quantitative easing”. Later, this would be known as QE1.

U.S. Money Supply: $4,917 billion

What $1 Could Buy: One Wendy’s hamburger.

2010-

After QE1, the Fed holds $2.1 trillion of bank debt, mortgage-backed securities, and Treasury notes. Shortly after, QE2 starts.

In 2012, it’s time for QE3.

Purchases were halted in October 2014 after accumulating $4.5 trillion in assets.

U.S. Money Supply: $13,291 billion

What $1 Could Buy: One song from iTunes.

The Changing Value of a Dollar

At the turn of the 20th century, the money supply was just $7 billion. Today there are literally 1,900X more dollars in existence.

While economic growth has meant we all make many more dollars today, it is still phenomenal to think that during past moments in the 20th century, a dollar could buy a pair of leather shoes or a women’s house dress.

The buying power of a dollar has changed significantly over the last century, but it’s important to recognize that it could change even faster (up or down) under the right economic circumstances.

To continue reading, please go to the original article here:

 http://money.visualcapitalist.com/buying-power-us-dollar-century/

The Dinar Rate Planning

The Dinar Rate Planning

By Muhammad Ali

 I was online chatting with my good friend and CEP customer Jerry, actually, he and I were chatting about golf, and the topic of Dinar rates came up and I was telling him about different plans and strategies to capitalize on the higher rates, then he asked me to tell him more.

The following advice I shared with my group here in Malaysia years ago.

 Many believe the Dinar will come out at $1 USD to 1 Dinar, I don't and I wrote an article about that and gave proof as to why it won't.  I am convinced the Dinar will come out somewhere around $3.89 - $4.19 USD per Dinar, and that's the starting point.

I believe once the Dinar hits the open markets, it'll then get into the hands of the Smart Money and they are going to make a field day of it.  From the initial $4 rate, I can see the Dinar go as high as $32.  Now wouldn't that be awesome.

 I remember, many years ago, I think it was 2010, in 1 week in December, the Euro against the US Dollar rose  in price about 2,000 pips.  That was a crazy move and not often do you see huge movements like that in a short time frame, but it happens.  Key point here to think about, it can be done.

The movement on the Dinar that I am talking about is even greater than what I experience with the Euro.  I read posts on Dinar Recaps that when the Kuwaiti Dinar RI'd, it went from 0.10 to $3.50 and then up to $19.  So why can't the same thing happen to Iraq?  And I believe it will.

So to prepare for it, let me give you a couple of suggestions and strategies that can help us get some extra money from the movement.

 When the Dinar goes international at its initial rate of $4 exchange what you need, to start your Team, to settle any immediate debts/issues and then wait and monitor the rate.  You can check the rates online or download various apps to your phone, such as Xe or any other.

How soon it will rise, is the next million dollar question, next to the WHEN IS RV?

I can't say, but I do believe it will be about 2 weeks after the get go to within the first month, and then the next question once it starts to move, how fast will it take to go up and peak?  That's another impossible question to answer.  You just have to be patient and wait for it.

 So I have advised my group on a couple of strategies that we can benefit from the movement and I will share them you all now.

The first method would be to exchange as the Dinar climbs.  In my currency exchange planner software, I designed it with 4 exchange options in mind.   Trying to capitalize on higher rates is the very reason why I added this into my planner.

So it means you've got 4 target rates in mind, you can have more if you like, but for now we'll work with 4.

 Let's say you have a total of 10 x 25k IQD notes.  If you were to exchange all ten notes @ $4, your exchange amount would be $1,000,000.

Let's see what happens if we were to go for the higher rates, so in your first exchange, you want to exchange 1-2 notes, we'll just say 2 notes for now, that would give us $200,000.

The second exchange we want to change 2 more notes @$8, then 2 more @$10 and 4 @$15.

 So let's list this down before it gets confusing:

First Exchange 2 notes x $4 = $200,000

Second Exchange 2 notes x $8 = $400,000

Third Exchange 2 notes x $10 = $500,000

Forth Exchange 4 notes x $15 = $1,500,000

So if that's your plan, stick to it.  Now, let's see how you fared, a total of $2,600,000.  That's a big difference from the initial $1,000,000 if you had exchanged all of your notes at the get go.

So trying to make money as the rates climb higher is one strategy, I will now share another.

On your first exchange, do the same, change 1 or 2 notes as you require, and for the remaining 8 notes you wait.

Let the smart money go crazy with the Dinar and put it as high as they want to.  So you see it go to $10...  Then $20...WOW!... now you're heart is racing... should I go to the bank or not?  This is where the greed factor kicks in.

 Just relax and wait.  Now it goes to $30... OMG!!!   Now, this is where  you pay very close attention to your phone app and check the rates frequently, may be even camp out outside of the bank. No, No, don't do that!

But what you want to start to look forward occurs when the rate starts to drop, as we know the rate will peak and then come back down to $4.  So from the $30 rate that you saw, maybe it'll even push higher, I don't know?  But when the rate starts to go down, $29, $27, $26, $25 etc... Then just go ahead and exchange ALL of your remaining notes.

So how would that work out?  8 notes x $25 = $5,000,000, wow, wouldn't that be awesome if we nailed that rate!

So either your plan is to make money going up or make money when it comes down, the choice is yours.  Everyone will have different targets based upon the amount of currency they hold.

But always rest assured that the rate will eventually stabilize at the $4 area, it'll never go back to 0.0008.  So don't panic and don't camp outside of the banks as you're just looking for trouble.

And one other piece of advice don't get greedy, if your plan is to exchange all of your notes at $10 and that target hits, just follow thru on your plan and go to the bank.  Then delete the Xe app and never check the rate again.  Be happy, travel, help others and keep moving forward.

 Just have a plan and execute your plan accordingly, my Currency Exchange Planner is the best tool available for all Dinarians to help effectively plan their exchange.

 Thank you and I wish you all the success in your currency exchange.

 Muhammad Ali

www.CurrencyExchangePlanner.com

Woman Wins $188 Million Lotto Prize But Ends Up Losing Control Over Her Life

Woman Wins $188 Million Lotto Prize But Ends Up Losing Control Over Her Life

Sukriti February 10, 2018   Shallotte, North Carolina

What a compelling invention it is; the whole concept of the lottery. Have you ever tried your luck in lottery tickets? We all know the probability of winning a lottery, its almost zero. Still, these lottery tickets attract us every now and then.

Some of us never buy these tempting tickets but everyone has wondered at least once about winning them. How incredibly it can change one’s life within a blink of eyes. But everything comes with a cost that most of us won’t understand what it might take unless we’ve experienced it.

A story of luck, fate, good, bad, consequences, threats and more. The story of Marie Holmes has all in it. Like most of us, her life too was filled with ups and downs. Sadly for her, life was mostly about hard times and very rarely she had good days in her life. But the way her life changed has always been a dream for millions of people.

Trying Hard

Marie Holmes, a 27-year-old single mother was on her daily job routine. Working hard to fulfill her four kids’ daily needs. She was trying to save as much as she can for their future. No matter how hard she tried to bring things in the right place, Marie was never able to cop up with the rapid speed life actually demanded out of her.

At this time she was completely unaware of the fact that her life was about to change forever. Only time would tell how long Marie’s life is actually going to be on track.

In 2015, Marie’s life changed in no time when she won the North Carolina’s Powerball lottery. She didn’t win any ordinary amount rather a huge amount of $188 million. It wasn’t just a simple win and settled life from there on as this lottery took Marie to an episode of “Iyanla: Fix My Life.” What happened to her that after winning such a huge amount also she ended up on a show that is all about guiding people about their choices and mistakes?

The Win-Win

Marie was working at different jobs to earn. Although we all know the easier way to earn money is to give a lottery ticket a try. That day when she went to buy a ticket, she knew the chances were zero for her to win the lottery yet she went on to give it a try. Isn’t that the case with most of the people who spend money on the lottery tickets? Well, this one ticket that Marie bought one day was her biggest gift and nightmare to herself.

The Pastor

Marie is a strong believer in Christianity. She followed the words of pastor Kevin Matthews who worked as a leader of his community at Shallotte, North Carolina. Marie has been attending his meetings since childhood. Kevin has been giving Marie advice at every other stage of her life. He has always been a savior to Marie and the fact that whenever she was in trouble or a doubtful situation she ran to Kevin for help. But Marie’s winning of the lottery was the start of bitterness in their relationship.

Winning The Jackpot

The day she bought this state lottery ticket from a nearby convenience store, she prayed before entering the shop. When the time to announce the winner was here, she patiently waited for the announcement of the winning numbers and try her luck on the state lottery.

When the lucky numbers were announced, Marie couldn’t believe the ticket she was holding in her hands read exact numbers as the anchor said. It was February of 2015 when she felt as if she’s at the top of the world. Who knew that the real challenges and criticization were still on the way.

Claiming The Money  

Marie couldn’t really believe that she won the lottery and she stood there in shock, not saying one single word. All she knew that she had around 6 months for claiming the big amount of money. She had two different methods of claiming this money.

The first one was to get the $188 million in yearly installments for the next 30 years, ie, $530,000 each year, the second option was to get all at once but in that case, she’ll be getting $127 million all in all after deducting the taxes. Marie made the obvious choice.

Take It All

Marie made the choice of getting it all at once. She was assuming that this will make her and her kids’ lives better. Just as the grass always looks greener on the other side, Marie was looking on the other side as a doorway to the perfect future that she has been longing for throughout her life. Keeping her hopes high she was having all these great ideas of what she’ll be doing with this money.

Dressing The Part   

Marie, who lived in poverty since her birth was now one step away from becoming a millionaire. Life has been so tough on her that she knew what it was like living in a trailer, that was her home for the most of her life. Her excitement was on the ninth cloud and obviously, she couldn’t hide it anyway. “I thought I was going to have a heart attack when I saw the ticket and checked it,’’ she told how she felt that life was offering a second chance which rarely anyone gets.

Stay Anonymous

Mostly lotteries give an option to the winners to keep their names hidden as anonymous, however, telling everyone and becoming the center of everyone’s attention, who doesn’t want that? Not only this once the lottery winner starts spending the amount lavishly eventually everyone gets to know about it. So, why not tell it to them aloud? The winners don’t see what comes up with this overnight achievement and fame can easily get trapped under the dense clouds of danger.

What To Do With It All?

Well, most people think of what will they do of this money even when they are buying the ticket and as Marie won the lottery everyone wanted to know what was her plans. Although the most advisable thing to do is to get a financial planner as well as a lawyer who can save and prepare you for the unforeseen consequences of so much money.

Like almost every lottery winner Marie too wasn’t interested in doing any of this. This is normal to think that one can handle her money by herself and that she doesn’t need any help. Her first big mistake.

All For Them

Marie was so overwhelmed that she told in an interview, “everything is all for them…All the struggle that I ever went through, it was all for them. I want them to understand that money doesn’t change you, but it can help you. So they don’t have to worry about debt, none of that. They can go to college, all on me.”

Take Me To Church

Marie was about to climb the ladder of her dreams. Her first step was to donate a large amount to her community church. The church has been by her side in rough times. Especially Kevin Matthews, the savior who helped her both emotionally and financially at times.

 It was in return of the community’s favor towards Marie and her family. According to Kevin, he would stand by her side no matter what. The pastor was actually about to bring her into the biggest problematic situation of her entire life.

Giving Back To The Community

Marie discussed with Pastor Matthews about her willingness to give at least 10% of her total in hand amount. She wanted this money to go towards the building of a retreat. As per her, the agreement was of donating $1.5 million to the church which was quite a good amount to give. And being generous towards those who stood on her side is the best thing one can do, right?

Her Donation

This happens a lot where a lotto winner decides to donate a large amount of their prize to the place or community they believe in. However, Marie’s donation was one of the biggest ever given to a particular house of worship. Many people promised and gave huge amounts to monks, fathers or priests but Marie was appreciated everywhere for her work.

From Poor To Rich

Marie’s life is a perfect example of the statement, “more money more problems.” Marie was hoping it to be the biggest day but in reality, this money was about to cause her great troubles. She obviously never lived or felt what richness is like.

More Money, More Problems

http://healthzap.co/wp-content/uploads/2018/10/unnamed1.jpg

Marie settled on $1.5 million dollars to be given to the community in two installments. It was a direct verbal agreement with Kevin. Marie paid the first installment, ie, $700,000 on time soon after she won the lottery money. Meanwhile, Marie was preparing to give her second and final installment, pastor Kevin’s demand suddenly raise.

To continue reading, please go to the original article here:

http://healthzap.co/woman-wins-188-million-lotto-prize-but-ends-up-losing-control-over-her-life/?utm_campaign=lottogirl-ad-hz-v-g-2&utm_source=gemini&utm_medium=vhz&k=e46644&utm_term=NEWS_US&utm_content=2&sp=2

Creating a Holiday Budget: The Most Wonderful Time of the Year

 Creating a Holiday Budget: The Most Wonderful Time of the Year

Ah, the holiday budget season always approaches so fast.

One minute you are sipping umbrella drinks in Summer at the beach — and then out of nowhere — you are creating a holiday shopping list, hoping not to overspend this year.

While the holidays are great for spending time with family, friends, and giving to others — it can also be stress-inducing when it comes to your bank account.

But there are ways to ensure you stick to your budget and keep your personal finances happy. Below are a few essential tips to ensure you don’t go into debt or overspend this holiday season.

Holiday Spending Statistics

It’s crazy to see stores and online ads for holiday shopping before November even starts. Sometimes it even begins before Halloween even has a chance to slow down.

Sigh.

But at the same time, many people (myself included) like to get a head start on planning and purchasing items before the mad seasonal rush begins.

I thought before we got into some holiday budget tips, I’d share some interesting statistics around holiday spending.

According to Cloudways:

Gen X wins the award for the highest holiday spending with an average of $782 in the USA and £425 in the U.K.

Millennials spend the second most during the holiday season with an average holiday spend of $609 in the USA and £416 in the UK.

Baby Boomers tend to spend the least during the holiday season with an average of $576 in the USA and £350 in the UK.

Today, the average consumer spends $1,226 on Holiday Gifts

And if you look back on any historical data, you’ll see these numbers continue to rise each year. Of course these are just some averages, so you might typically spend less or even more.

Additionally, 22% of Americans believe their Christmas spending will leave them in debt according to Fortunly. Yikes!

This is where creating a holiday budget will become critical to helping you avoid debt and not overspending based on impulsive buying.

How To Create A Holiday Budget

As you begin saving for the holiday season, you should create a budget to help you stay on the right financial path. Going into debt and overspending is not a great way to go through the holidays and start off the upcoming new year.

But remember, it’s not just gift giving that adds up either. It’s everything from parties, work functions, decorations, and food. All these things can wreak havoc on your financial goals and debt.

Here are some tips to creating a simple, but effective holiday budget.

To continue reading, please go to the original article here:

https://investedwallet.com/creating-a-holiday-budget/

.Is the U.S. on Its Way to Becoming a Cashless Society?

Is the U.S. on Its Way to Becoming a Cashless Society?

Posted in Dinar Recaps Archives on 7/30/2019

Is the U.S. on Its Way to Becoming a Cashless Society?
Shelle Santana JULY 23, 2019
Is the U.S. becoming a cashless society?

As digital payments spread from coastal coffee shops to rural restaurants, business owners, lawmakers, and consumers across America are asking themselves this question. And depending on where you live, the concept of “cashless” is either a heated debate, the wave of the future, or a term you’ve never heard of.

Where the debate does exist, it highlights the growing tension between an evolving consumer payments landscape, a desire for increased business efficiency, and a growing concern that un- and underbanked consumers may be marginalized in a cashless economy.

The rise of digital payments, which includes traditional debit and credit cards as well as mobile payments, have contributed to the steady shift in payment practices among consumers.

According to the FDIC, cash represented just 30% of all payments in 2017. Furthermore, 68.7% of U.S. households had a credit card in 2017 vs. 63.8% in 2015.

Business owners who recognize this trend are responding accordingly, with some opting to go entirely cashless in an effort to increase operating efficiency, reduce wait times for customers, and create a safer work environment by mitigating the risk of theft.

Perhaps the most high-profile example of a cashless business are the Amazon Go stores, which use computer vision technology instead of cashiers to record what customers select and then automatically charges their card.

But does this mean we’re on the verge of a cashless revolution? To answer this question, I collaborated with Square, the payments and financial services company. Together, we analyzed millions of payment transactions from their database to determine just how close–or far–the U.S. is from becoming a truly cashless society.

Our findings suggest that the cashless trend is clear but nuanced, and highlights a few factors that sellers should consider when contemplating whether to forego cash payments.

First, our analysis shows that more consumers are using their credit and debit cards for smaller purchases. In the past four years, the use of cash for transactions under $20 has dropped from 46% to 37%.

Specifically, in 2015, half of consumers at Square businesses used their card for an $8 transaction, like a sandwich. Just four years later, in 2019, the transaction size has been cut nearly in half. Now 50% of consumers use their card for as little as a $4.50 purchase, like a latte.

This behavioral shift can partially be attributed to marketing from credit card companies aimed at increasing usage of cards for small, day-to-day purchases. It used to be that credit cards were strictly for large, special, or emergency purchases.

That mindset no longer exists, so people are increasingly comfortable using their credit cards for smaller transactions at places like drug stores, coffee shops, and delis.

Second, this trend isn’t limited to coastal, major metropolitan areas. Outside the top 25 metropolitan markets, the transaction amount at which consumers prefer their cards to cash dropped from $8 to $5.50 over the last four years.

Within the top 25 metropolitan markets, the decline isn’t quite as steep; the transaction amount at which consumers used their cards only dropped from $5 to $4 over those four years. As smartphone penetration and digital payments expand, so will cashless capabilities.

Third, for some business owners, a cashless business model is a strategic choice that provides clear benefits. While much of the current narrative regarding a cashless society is focused on the downside, there are advantages for both business owners and consumers. The key is understanding customer payment preferences.

For example, Travas Clifton, owner of ModCup Coffee and a Square seller, has seen the benefits of being cashless first-hand at his three New Jersey cafes. When he learned that 81% of transactions across all locations were made with credit or debit cards, he decided that the remaining 19% of cash transactions were worth potentially risking to gain more time with his family and business.

“An hour and a half [away from my shop to deposit cash] at 9 AM in the coffee business is valuable business time. That means I could be at one of my espresso bars serving people coffee. Instead I am having to hire someone to take my place at the bar.

What I’ve realized is that [cash is] the same as a credit card, it’s costing me money to process so I said, scrap it, we’re going cashless” explains Clifton. Turns out, most of his customers were fine with the switch.

But almost 1,000 miles away in St. Louis, Missouri, Laura Leester, owner of Pieces restaurant and game bar, had a very different experience running her cashless business.

She decided to open her business with a cashless model, drawn by the increased efficiency and safety, but quickly realized that nearly each day, she interacted with disgruntled customers frustrated they couldn’t pay in cash.

“When I opened my business there were so many balls rolling I didn’t really reflect on how I could be isolating a group of people in my community by not accepting cash,” she says. ”As a responsible business owner and someone who wants to share my goods and services with all socio-economic levels, I felt it was my duty to start accepting cash.”,,

Shelle Santana is an assistant professor of business administration in the Marketing Unit at Harvard Business School.

To continue reading, please go to the original article at

https://hbr.org/2019/07/is-the-u-s-on-its-way-to-becoming-a-cashless-society