Aridni | 2006 May
Personal Finance
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A common misconception: a rich person is a wealthy person.

Subscribe to Aridni Author: Katie - Aridni News,Saving Your Money

The goal of Aridni is to grow your wealth, not become rich. Being rich is having a lot of money come in and a lot of money go out’a high income. Wealth isn’t what you spend, though; wealth is what you accumulate.

If your goal were to become rich, you’d be heading to medical school. If you want to be wealthy, though, we think you can become whatever you want. The key is to strive for financial freedom’you know, work if you want, do what you want.

Most people are not good at accumulating wealth. Excluding home equity, the median American household has a net worth of less than $15,000. Fancy clothes and elaborate meals don’t bring wealth; these things only make you look well-to-do.

Nonetheless, if you seek wealthy, we’ve put together a few success tips:

1. spend less than you earn‘live below your means

2. direct your time and money toward directions that can grow your wealth (ie: don’t let that $$ sit in the bank)

3. take a few risks, watch the market, and look for new opportunities

4. believe that high social status is less important than building wealth. High social status cannot make you financially independent.


They’re giving Paypal money away!

Subscribe to Aridni Author: Todd - Internet,Marketing

Do you have anything sitting in your Paypal account? Do you treat this same as the rest of your money? Most people seem to discount these funds and are not quite as frugal with them.

But here is the kicker, it is real money. It may take a little longer for it to show up in your hand as cash, but it is money nonetheless.

People are more willing to split with Paypal funds because they are sitting there doing nothing. People are always willing to empty out their account for purchases before going for their credit card.

People don’t get hit by the ‘guilt factor’ nearly as bad as using credit cards, bank accounts, or cash. For entrepreneurs this is a great thing.

What I am getting at here is that it is a good idea to accept this form of payment on your website. It’s spent like Monopoly money, and cashed in like real money.


When your wealth can take a stand

Subscribe to Aridni Author: Katie - Investing

When I was little, I used to think that a million of anything was a lot; I still do. Unfortunately, the buying power of a million dollars really isn’t that much any more. To match the buying power of $1 million in 1986, we’ll have to come up with $1.85 million.

Ahh inflation.

Nonetheless, if you do reach that million dollar mark, you’re among the top 10 percent of Americans. I think I’ll still go for it’


You pay them, but don’t be surprised when their work doesn’t get done

The problem with people is that we’re often in it for ourselves. We don’t want to do what we don’t want to do. So we pay people. Yet they still don’t do the project. What’s up?

Take for instance buying a house. The real estate salesman, your banker, and the title company have a list of projects they’re supposed to do so that you can close on the property. You’ll pay them no matter when they get the work done, which becomes a problem. They’re in no rush to get the stuff done; only you are. If they don’t have everything together for you by the closing, you might have to change the closing date… and you have to cover any late charges arranged in the contract. They won’t pay. Instead, they’ll be charging you fees for overnight shipping and hefty last-minute charges and transfers of cash.

A contract tycoon told me, “Get on them early, and get on them often.”


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