buy gold in a depressed economy

How to Build Wealth in a Depressed Economy

The current economic setting has led lots of investors to come to be downhearted about the United States’ economic situation. Consumer confidence is reduced as well as unemployment is running high. Yet as Warren Buffett has actually often noted, financial recessions are when financiers could discover a few of the absolute best opportunities.

Allow’s look at a couple of ways to build wealth during the present recession. (more…)

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Success attracts success and failure attracts failure because of the law of harmonious attraction

In physics, positives attract negatives and vice versa, but in human relationships the opposite is true. Negative people attract only other negative people, while positive thinkers attract like-minded individuals. You will find that when you begin to achieve success more successes will follow. This is the law of harmonious attraction. When riches begin to come your way, you’ll be amazed how quickly they accumulate. Train your mind to visualize yourself acquiring a specific amount of wealth or achieving a certain goal — whatever you most desire. Then use self-suggestion to persuade your subconscious mind that you can achieve your goal, and put your plan into action. When you use the tools that you have at your disposal to prepare yourself for success and visualize yourself as having already reached your objective, you can achieve any reasonable goal that you set for yourself.

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The most dangerous phrase is we’ve always done it this way

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Don’t expect miracles without hard work.

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“Don’t expect miracles without hard work.” Not sure who said it, but it’s so true.

I read biographies and writings from people that have had great success – guys like Steve Jobs, Mark Cuban, Ronald Reagan, and many others. Their stories would hardly be interesting without the adversity and hard work.

Too many people are ‘lottery minded’ these days. They think the only way they will get ahead is if they get “lucky” or a miracle occurs. They jump into everything that has a miracle ending promised but they give up before they ever achieve results. A little ‘sweat equity’ is much more powerful than wishful thinking. – JR

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