Are you ready to buy and sell stocks & shares?

It is common knowledge that share market investments yield the best returns over a long period of time, if one knows how to go about it correctly. Success in the stock market depends a lot on the capability and mindset of the investor rather than the market. The same market rewards some people and causes losses to others mainly due to this difference.

Here are ten facts that you should not overlook if you are buying and selling shares.

10 Must Know Facts Before You Try To Make Money Selling Shares

1. Set your expectations right:

Many people start investing in stock markets hoping to double their money in a year or less. While this is sometimes possible by pure luck or taking insane risks, it is a rare phenomenon and not sustainable over any reasonable length of time. Stock markets give good returns over long periods of time that will be in the range of 10 to 12% annually. If you are looking for something more, you are speculating, not investing and that is a very risky thing to do. Stock market returns are also not fixed, but come with a lot of volatility and even with some short-term losses. So get the expectations right or your emotions will get the better of you and you are very likely to make irrational decisions.

2. Stock market investment is a long-term activity:

Short-term movements of the market are just noise or knee-jerk reactions to company or economic news. They are what they are – short-term. There is nothing more to read from it. Benjamin Graham (known as the father of value investing) put this across nicely when he said that in the short-term the market is more like a popularity voting machine and in the long run it is a value weighing machine. Don’t bet on the popularity which goes up and down every other day, bet on the substance. In the long run the markets and stock prices move towards their fundamental valuations. It is unfortunate that many investors bark up the wrong tree and lose money in popularity contests rather than looking for value.

Warren Buffett once said that he would only buy something that he would be happy to hold even if the market stops trading for ten years. This is the kind of long-term view that is required to focus on quality stocks.

3. Turn a deaf ear to free investment advice:

Business channels on TV are 24 hour animals, they need to be fed. You will find a lot of analysis going on about why this stock went up or that went down or about which direction it may take based on some future events or predictions. As discussed above, these are most likely short-term movements which may not represent any real change in valuation. Any event that doesn’t affect the valuation of a stock or does not have a long term economic impact does not matter to the long-term stock investor. Keeping out all this noise about short-term market volatility will give you more time to focus on real changes that affect company performance which are the real issues that a smart investor should be focusing on.

4. Think and act like the owner of the company:

When you buy a stock, you are buying a share in the company however small it may be. Think about buying a stock like you are buying a company. This means you have to do quite a bit of research about the company, its business, its past performance, checking out its competitive advantages and forecasting future trends in the light of the company’s strengths and the likely economic scenarios. Deciding to buy or sell a stock should not be an impulsive decision, it should be a well thought out decision.

Peter Lynch one of the best in the mutual fund business said that to buy a stock, the company has to be profitable, the business should have a strong competitive advantage and the stock price has to make sense.

5. Buy when a stock is cheap and sell when it is high:

This seems to be the obvious thing to do, but knowing when a stock is cheap and when it is time to sell needs an understanding about valuations. Novice stock investors assume that what goes up must keep going up and use the price direction to make their investment decisions. They usually end up buying when the stock is expensive and close to its highs and selling when it is cheap. They thus do the opposite of what they are supposed to be doing. Making investment decisions solely on the basis of price movements is like allowing the tail to wag the dog. Only a person who thinks like an owner and understands valuation will be able to time the market properly.

Benjamin Graham, known as the father of value investing advises that one should never sell in panic just because the prices have fallen and the market is undervaluing a stock, as the prices will bounce back.

Link: (Video) A Fun And Easy To Understand Cartoon Of How The Stock Market Works

6. Don’t give undue weightage to a company’s management:

Even the best management team cannot run a company profitably if it has a bad business model and financial position. Management teams can change many times during a company’s life and so it should be given only due weightage and the company’s strengths and weaknesses should take precedence over it. Even an ace driver cannot win a race if the car he is driving is a slow dilapidated vehicle with partially inflated tires.

7. Patience is essential, but it is very different from being stubborn:

Never forget the original analysis on the basis of which you purchased a stock. When the outlook of the economy or the company changes check how it impacts the original analysis, valuation and forecasts. If you would not buy a stock based on what you know today, there is no great reason to hold on to it even if you already own it. Patience is when you hold on to a stock in spite of price fluctuations and this will usually be rewarding. You are stubborn when you keep on holding to a stock just because you don’t want to take a loss or want to be proven wrong. This can lead to big losses.

8. When an investment is obvious to everybody it is usually time to exit:

Recognizing the signs of the top of a market move allows you to exit when the prices are high. It is a familiar pattern when stock prices go up. When the prices are low, only the smart investors notice it and accumulate it. Then the prices go up, more people start to take notice and buy, pushing the price up further. Next the TV channels start talking about the stock and more people on the sidelines start rushing in. As prices go up further, everyone, their drivers and gardeners are also aware of the stock and there is a mad rush to jump into the bandwagon. This is when the stock is trading at many times its fair price and smart investors quietly sell the stock. When the stock is obvious to the whole world, it is a bad sign and a time to exit. Recognize these signs of a top, because after this point a huge correction is around the corner.

Hedge Fund Manager Jim Cramer emphasized this by saying that bulls and bears make money while pigs get slaughtered. Stocks which are overvalued and still rising are just climbing up a tower to take a suicidal jump.

9. A safety margin is always necessary:

The future is always unpredictable and however skilled an investor is in analyzing valuations and forecasting the future, there will be surprises. This could be due to unforeseen events or changes in a company’s internal or external environment. All great investors keep a margin of safety to prevent major losses in the event things don’t go as expected.

10. Never put all your eggs in the one basket:

Diversification across many different industries and sectors is the key to a healthy portfolio. Economic events usually impact different sectors differently. Having all stock investments in one or two industries could result in a disaster if an event that impacts them adversely occurs.

It is possible to make money selling shares and obtain handsome returns in the long run, but you must go about it like a businessman and not as a speculator. The ten things mentioned above are cold hard facts that you should always keep in mind while investing in stocks.

Be sure to checkout our 22 Must Know Investment Quotes By Some Of The Worlds Greatest Investors for some unforgettable investment advice.

Article By: Neil Cloud | Addicted2Success.com

Here are 6 scientifically proven ways to successfully persuade and encourage rather than ‘demand’ to achieve a behaviour change.

Here we take the position that persuasion is a science, not art, hence with the right approach anybody can become the master in the skill of persuasion.

Persuading Others

1. Inconvenience the audience by creating an impression of product scarcity. It’s the famous change from “Call now, the operators are standing by” to “If the line is busy, call again”, that greatly improved the call volume by creating the impression that everybody else is trying to buy the same product.

2. Introduce the herd effect. A hotel sign in the bathroom informed the guests that many prior guests chose to be environmentally friendly by recycling their towels. However, when the message mentioned that majority of the guests who stayed in this specific room chose to be more environmentally conscious and reused their towels, towel recycling jumped 33%, even though the message was largely the same.

3. Ads quoting negative behaviour en masse reinforces negative behaviour. Petrified Forest National Park A/B tested two versions of a sign imploring people not to steal pieces of petrified forest from the park. One mentioned large amounts of petrified forest taken away on an annual basis, the other one simply asked the visitors not to remove petrified wood. The first one actually tripled the theft ratio as it showed stealing petrified wood as something commonplace.

4. Avoiding magnetic middle. A survey measured energy usage of a certain neighbourhood on a week-by-week basis. When the average electricity consumption for the neighbourhood was calculated, researchers sent thank-you cards to those using the energy conservatively, and a nice reminder to perhaps conserve to those who used electricity liberally. Net effect? Reduced electricity consumption.

5. Too many options necessitate selection, and hence frustration, when the brain decides it’s unnecessary work. The example here is given by a company that manages retirement funds for other companies, and hence has access to retirement information of 800,000 employees. When employees were offered a choice of 2 funds, roughly 75% signed up for a retirement programme. When the number of funds was increased to 59%, even though qualitatively this was a better deal for employees, only 60% decided to sign up. When Head & Shoulders brand killed off 11 flavors of the shampoo, leaving only 15 on the market, the sales rose 10%.

6. Giving away the product makes it less desirable. Researchers gave one group of people a picture of a pearl bracelet and asked to evaluate its desirability. Another group of people was given the same task, but prior to that was shown an ad, where the same bracelet was given away for free, if you bought a bottle of expensive liqueur. The second group considered the bracelet much less desirable, since mentally a lot of potential buyers (35% of them to be exact) shuffled the bracelet onto “trinkets they give away for free” shelf in their brain.

Today we feature a list of “The Top 7 Reasons Why Youre Losing All That Money“. The aim of behavioral finance is to better understand why people make the financial decisions they do. The field of study is becoming widely accepted. In fact, it’s such a crucial part of the Chartered Financial Analyst (CFA) curriculum, a course of study for Wall Street research analysts.

Don’t be intimidated. You might learn something about why you make the financial and investment decision you do.

You think you’re great at investing.

We have a list of the 11 Greatest Wall Street Movies & Documentaries you need in your movie playlist. These movies have a good message as to how uncertain things can be in dealing with the stock market, and also how rewarding things can be if you play your cards right.

Add these to your Movie collection and inspired by the greatest Wall Street movies of our time.

The Top Wall Street Movies

Boiler Room (2000)

In a sentence: If you’ve ever worked in a job in sales or telemarketing, this should seem all too familiar to you.

Plot: Vin Diesel and Giovanni Ribisi as Long Island pump and dump brokers? Count us in. This classic flick showcases Ribisi’s rise to the top as he learns the ins-and-outs of operating in a boiler room out of Long Island. It’s very similar to Jordan Belfort‘s upbringing, minus the yachts and excessive drug use.

Glengarry Glen Ross (1992)

In a sentence: “The leads are weak? You’re weak!” -Alec Baldwin

Plot: Glengarry Glen Ross takes place off of Wall Street but still deals with the incentives that salesman deal with, including bonuses and cars and how they’ll do anything to close the sale. Alec Baldwin is only in the movie for about 10 minutes but gives an speech that deserves an Oscar to a group of all-star actors including Jack Lemon, Kevin Spacey and Ed Harris.

Bonfire of the Vanities (1990)

In a sentence: The film’s ability to tackle different New York City social classes is without question.

Plot: Originally a book by Tom Wolfe, Bonfire of the Vanities targeted the Manhattan elite of the 1980s and their distance from the rest of the city. Tom Hanks, as the film’s lead, gets involved in an extramarital affair and, eventually, a tragic murder results. Remains excellent viewing to understand New York’s stratification today.

Rogue Trader (1999)

In a sentence: Faster paced British version of “Wall Street.”

Plot: Based on the real-life story of Barings Bank trader Nick Leeson, Ewan McGregor does a surprisingly awesome job of emulating the British wunderkind down to his addiction to fruit candies. While a relatively unsuccessful movie at the box office, Rogue Trader is entertaining.

Trading Places (1983)

In a sentence: No movie about Wall Street is funnier than the 1983 comedy “Trading Places.”

Plot: Eddie Murphy and Dan Akroyd are at their best as director John Landis tells the tale of how one man’s fall from Wall Street is another man’s blessing. Watching Murphy talk about futures and markets is hilarious and unparalleled in humor.

Wall Street (1987)

In a sentence: The classic Wall Street film.

Plot: Oliver Stone originally set out to depict the greed associated with Wall Street in the 1980s. Little did he know, it would go on to become one of the finest pieces of financial cinema ever created. Traders still go nuts for this movie and everyone loves Michael Douglas’ character Gordan Gekko, who is modeled partly after Michael Milken and Ivan Boesky.

Wall Street: Money Never Sleeps (2010)

In a sentence: Part 2 of the classic Wall Street, Gordon Gekko is released from jail to start a new life, does he start a new life or does he get caught up back in the spiralling world he created on Wall Street?

Plot: To take down a merciless finance executive, a young trader agrees to a disgraced Wall street legend’s proposal in exchange for the man to be reunited with his daughter, the trader’s fiancée.

Enron: The Smartest Guys In The Room (2005)

In a sentence: One of the best documentaries ever made. Ever.

Plot: Enron: TSGITR tells the tale of Enron’s rise and fall from grace, including the strange tales of executives Ken Lay, Jeff Skilling, Andy Fastow, and Timothy Belden. This breathtaking movie also features interviews from former energy traders and hedge fund king Jim Chanos.

Trader (1987)

In a sentence: Brilliant… If you can find it.

Plot: Made in 1987 during the raging bull-market, this little-known documentary stars Paul Tudor Jones and chronicles his day-to-day life as an active investor. Jones uses techniques like historical chart reading, taken from Jesse Livermore, to predict the Black Monday crash on film. Even though it portrays Jones in a positive light, finding a (legitimate and legal) copy of this movie is nearly impossible to find as it’s rumored that Jones bought all 1000 copies in existence.

American Psycho (2000)

In a sentence: You’ll never look at business cards the same way again.

Plot: Patrick Bateman, played by Christian Bale in American Psycho, is the consummate Wall Street professional, beyond the fact that he’s losing his mind. Throughout the film Bateman utters some absolute classics, including a soliloquy on Phil Collins that likely changed his career for ever. The film also made ‘The Dorsia’ a catchphrase for an exclusive restaurant.

Quants: The Alchemists Of Wall Street (2010)

In a sentence: A rare look inside the minds of mathematical geniuses who have invented financial models that have both destroyed and made Wall Street.

Plot: Quants is 45-minute documentary on the inner-workings of quantitative analysts on Wall Street.  If you’d like to watch it, it’s embedded below via YouTube.

Alot of people nowadays have amazing ideas, they have a business plan, a team of great minds and the will, courage and focus to run a Business but they just dont have the money or the seasoned mind set to take off in the right direction. There is enough things out there to worry about when starting a company and by every man and his dogs mix of opinions for you, it may seem like theres a trillion ways things MUST be done and your years away from the platform you need for take off.

We have a video interview here by the team at MASHABLE who spoke to a group of New York-based entrepreneurs and investors, asking them what it’s like to pitch, run and grow a company. Watch the Video after the jump for a little 101 on Business Start Ups!

Business Start Up Advice: Inside Tips From Expert CEOs & Entrepreneurs:

Things aren’t like they used to be nowadays, gone are the times when you were doomed to work a $10 an hour flipping burgers or digging ditches if you do not pass Grad School. With so many backdoors and certificate courses to build you a fat resume’ nowadays, there is hope for those who don’t like the idea of slaving away at a study desk for that degree and a high paying job.

In this Video, we show you this years latest jobs on the rise that don’t require a degree to fill your bank account and aren’t going to take years to work your way to that 6 figure Salary you have always wanted.

Six Figure Salary Jobs That Don’t Require Grad School

I came across this story and it really inspired me and got me thinking just how important it is to really love what you do in life and for the right reasons. Rose Gilbert, also known as ‘Mama G’ resides in Los Angeles and is a full-time Literature teacher and has been teaching since 1956. If you do the maths you will find out that Rose is in fact 88 years of age. Making her one amongst the very small percentage of teachers still teaching full time at this age! She has taught many celebrities and powerful people of today in her classes and has nearly 100 years on her to share with all.

You will see in the below video, the inspiration Rose has been to many students!

Rose Gilbert has been through many hardships throughout her teaching career and life, having lost her daughter and her husband and she is also a MILLIONAIRESS but despite her financial situation she still chooses to work. Why you may ask? For the simple fact that she loves what she does!

Rose Gilbert has a very different style of teaching and wants her students to love literature, poetry and life and not just get caught up in grades. She wears a red plastic fire helmet when she teaches as she believes she is on fire (figure of speech) She effortlessly connects with all of her pupils and loves to challenge them. Many pupils usually don’t start out liking poetry, so she eases them in with love poems by e.e. Cummings. “It’s very sexy,” Gilbert says.

Rose Gilbert has been known to collect 10 page essays from a class with two dozen or more students and have them ready and graded the next day! Weights and Yoga are part of her daily morning regime and her weekends are filled with UCLA basketball and football games. When Rose was asked when she will stop teaching, she paused and answered; “When I am tired. I am not tired yet and feel like I have more energy than a kid”

Article By: Charlene Barry from DrugsorHerbs.com

We share with you Richard Bransons 21 Small Business Strategies, taken from the Billionaire & UK Entrepreneurs Auto Biography “Losing My Virginity: How I’ve Survived, Had Fun, and Made a Fortune Doing Business My Way“.

Richard Branson has faced an immense amount of challenges along the way and has applied these 21 strategies to carry all of his Successful businesses through thick and thin. Read on to find the Top 21 of Richard Branson’s Small Business Strategies for running a Successful business.

Richard Branson’s 21 Survival Strategies For Small Business Success

1. Remain focused on fulfilling your business mission. Never allow adversity divert your attention and efforts.

2. Don’t wait till you are big before you begin building your brand. Build a brand from scratch alongside your business.

3. Learn to use your brain power. Critical thinking is the key to creative problem solving in business.

4. Build your own business team. Survival in business requires a synergy of skills.

5. Never take your eyes off the cash flow because it’s the life blood of business.

6. If you are a new startup company, try not to arouse the interest or suspicion of your competition; especially if they are a bigger company. They can crush you while you are still in your startup phase. Lie low while still strengthening your bottom line.

7. Grow internally first. Strengthen your bottom line first before considering external growth.

8. Focus on your business strengths and keep its weaknesses away from the competition or public.

9. Be swift to take advantage of business opportunities. Bigger companies are too cumbersome to move quickly; this can be a competitive advantage for you.

10. Learn to live on the edge.

11. Be creative. Innovate consistently on the little things that the big companies ignore. Little things often make big differences in business.

12. Listen to the customer’s complaint and act fast.

13. Meet regularly with your business team and brainstorm. Intricate business problems are mostly resolved at brainstorming sessions.

14. Run lean; avoid unnecessary expenses.

15. Don’t hesitate to seek external help or advice where need be. Sometimes, it takes an external, emotionally unattached individual to detect your business flaws and render unbiased advice.

16. Follow your instincts and live with the consequences.

17. Avoid litigations. They are expensive and consume loads of time but if you have got a good case and a better chance of winning; then fight it out.

18. Free publicity and word of mouth is probably the best and cheapest form of advertising. Learn to use it to your advantage.

19. Learn to raise capital by any means necessary. That’s your primary job as an entrepreneur. You must continually raise capital from family and friends, banks, suppliers, customers and investors.

20. Seek out strategic alliances; they are essential to growth and provide resistance to bigger competition.

21. And if after all this you eventually fail; don’t take it personal. Don’t be ashamed to start all over again.

Richard Branson’s Success Quotes To Live By:

“We have always had a pretty competitive ferocious battle with British Airways. It lasted about 14 years and we are very pleased to have survived it.” – Richard Branson

“Screw it, let’s do it.” – Richard Branson

“A business has to be involving, it has to be fun and it has to exercise your creative instincts.” – Richard Branson

“Back then we would create a company based on frustration at other people’s service and suddenly realized we had one of the most respected brands in the world.” – Richard Branson

“If you are trying to do something for the first time, it’s always an enormous challenge, and there is no guarantee of success. You never know with these things when you’re trying something new what can happen. This is all experimental.” – Richard Branson

“Business opportunities are like buses, there’s always another one coming.” – Richard Branson

“We look for opportunities where we can offer something better, fresher and more valuable and we seize them. We often move areas where the customer received a poor deal and where the competition is complacent. And with our growing e-commerce activities, we also look to deliver old products in new ways. We are proactive and quick to act, often leaving bigger and more cumbersome organizations in our wake” – Richard Branson

“To be successful, you have to be out there, you have to hit the ground running, and if you have a good team around you and more than a fair share of luck, you might make something happen. But you certainly can’t guarantee it just by following someone else’s formula.” – Richard Branson

“In the beginning it was just about the business; now it’s about the brand.” – Richard Branson

“Above all, you want to create something you are proud of. That’s always been my philosophy of business. I can honestly say that I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off doing nothing.” – Richard Branson

“We don’t actually plan to launch new businesses over the next few years, but we are planning to take the ones we have into new territories.” – Richard Branson

Bill Gates confesses he was a last minute guy when it came to handing things in at school at never really took study & business seriously until his company Microsoft found its legs. In this post Bill Gates shares with us his Top 11 tips for Success that you will never learn in school, only in the real world and life experiences.
Bill Gates 11 Tips For Success You Will Never Learn In School:

You may be familiar with her last name ‘Kiyosaki’ from her husband Robert however Kim Kiyosaki is a well-known public figure and self-made millionaire-ess, passionate and dedicated to educating women about money and business. She is the author of the number one seller Rich Woman where she encourages women to take control of their lives, start a business and live their dreams.

Watch the Video in this post for Kim Kiyosaki’s Success Advice On Investing and becoming a Millionaire!

Kim Kiyosaki’s Success

In Kim Kiyosaki’s early twenties, she was employed by one of Honolulu’s top advertising agencies giving Kim her first encounter with the world of the financially successful; the business world! Kim’s passion to succeed and risk taking personality saw her at this advertising agency for a short time only before moving on to working for a magazine that was directed towards the business world of Honolulu. It was here, Kim was inspired even more so to become her own business woman where she moved on to owning her own clothing line business,  investing in real estate and now owns and operates a real estate investment company that deals with buying, selling and managing properties adding up to millions of dollars in assets.

Kim met her Husband Robert Kiyosaki in 1984 when she joined him, D.C Cordova and Marshall Thurber in the touring, financial and business seminars called Money and You. Kim and Robert now tour together and speak at Seminars promoting financial freedom and success.

With Kim’s experiences from her travels and from her personal and business success throughout her life she decided that it was a dream of hers to be able to help inspire  women all over the world to stand up for their own financial rights and take control of their financial destinies!

Kim will be joining Robert Kiyosaki, speaking at the National Achievers Congress being held in Sydney, Australia on September 19^th – 21^st 2011.

Watch this video below as Kim speaks about her first Successful investment:

If you are in Australia don’t miss out on this amazing event with Anthony Robbins, Robert Kiyosaki & Donald Trump – National Achievers Congress 2011. I have a Buy 1 Get One FREE VIP Pass.

Click The Picture below to Purchase the Tickets:

Barbara Corcoran is a busy woman. When she’s not selling her company for $70 million, grilling entrepreneurs on the hit TV show “Shark Tank,” or appearing on the TODAY Show with the latest real estate tips, she’s writing her latest book.

Barbara bought 11 new businesses on the show which she’s now shepherding to success. Barbara shares her secrets to success and living your best life. Hear why she believes real estate is a wise investment now.

Barbara Corcoran: Women’s Intuition ‘Powerful’ In Business

Bonus – Barbara Corcoran’s Advice For Business Owners

A couple weeks ago we had a post called “The Top 10 Richest Bloggers In The World” which featured Blogger, Wall Street Warrior & Author of “An American Hedge Fund” Mr. Timothy Sykes who was able to successfully turn $12,000 of Bar Mitzva gift money into 2 Million Dollars by trading thousands of stocks and also managed at the same time to create the 3rd biggest money making blog in the world – TimothySykes.com , bringing in $150,000 a month.

In this Video Here, Timothy Sykes explains how you can make $60,000 a Month from a Membership Website. We have also included a Bonus Video of Timothy Sykes sharing some helpful advice on Penny Stock Trading.

Timothy Sykes on how you can successfully make $60,000 a Month from a Membership Website

Timothy Sykes Interview On WallSt.Net

Money should make you happy. At least, it should if you’re spending it right.

That’s the argument put forth by University of B.C. psychology professor Elizabeth Dunn. In a paper co-authored by two world-renowned experts on happiness, Daniel Gilbert of Harvard University and Timothy Wilson of the University of Virginia, Dunn argues that most people are terrible at predicting what will make them happy, leading them to routinely spend money on all the wrong things.

“Money is an opportunity for happiness, but it is an opportunity that people routinely squander because the things they think will make them happy often don’t,” writes Dunn and her colleagues.

For decades, researchers have known that money buys happiness, but only up to a point.

Research shows that wealthy people are not significantly happier than those with moderate incomes — and according to conventional wisdom, that’s because many of the things that make us happy aren’t for sale.
Dunn and her co-authors of the paper, “If Money Doesn’t Make You Happy, Then You Probably Aren’t Spending It Right” — to be published in the upcoming Journal of Consumer Psychology — adamantly disagree with that assertion.

They boldly suggest that if you spend wisely, “money can buy many, if not most, if not all of the things that make people happy.”

Drawing on their research, The Province presents 10 ways to better spend your money.

1. Buy many small lovely things rather than one big one

Go ahead, buy yourself that $4 latte.

Ever had an economist tell you how easily a $4 latte at work every morning will quickly add up to a staggering yearly sum of $1,040? And wouldn’t you rather spend that kind of money on something bigger, like a vacation or home theatre system? Well, the answer may be no.

It may well be that a latte a day, or every few days, will make you happier than a single big-ticket item once a year.

“This is not to say that there’s anything wrong with large purchases,” writes Dunn. “But as long as money is limited by its failure to grow on trees, we may be better off devoting our finite financial resources to purchasing frequent doses of lovely things rather than infrequent doses of lovelier things.”

One reason why small, frequent pleasures beats one large infrequent one is because we’re creatures of adaptation.

“If we buy an expensive dining room table… it’s pretty much the same table today as it was last week. Because frequent small pleasures are different each time they occur, they forestall adaptation,” says Dunn.

Research also tells us that breaking up a pleasurable experience into a series of experiences can help maximize joy, something frequent coffee drinker Eva Sajoo, of Vancouver, seems to understand innately.

“Certainly I get a lot of pleasure out of a very well-crafted cup of coffee,” she says. “But I think you enjoy it more if you don’t have it every day.”

2. Savor the cheap joys of life

Cozy up to a movie on a rainy day. Or go out for a walk on a bright summer’s day.
Not only are these simple pleasures often cheap, or better yet, free, but savouring the mundane joys of life will make you happier, according to research.

“In a study of Belgian adults, individuals who had a strong capacity to savour the mundane joys of daily life were happier than those who did not,” writes Dunn.

Interestingly, the same study found this capacity to savour “mundane joys” was significantly reduced among wealthy individuals. That may be because the wealthy have unfettered access to “peak experiences,” which undermines their ability to appreciate smaller moments.

3. Practice ‘presence’ for an extra jolt of joy

Spending money on yoga retreats, meditation DVDs or self-help books isn’t just for hippies or the spiritually inclined.

Scientific research is now also extolling the benefits of becoming more “present” or “engaged” — which activities such as yoga are said to help you achieve.

Researchers have found that people who are more fully engaged in an experience will get more enjoyment from it.

“A wandering mind is an unhappy mind,” Dunn and colleagues sum up succinctly.
Vancouver yoga teacher Jacci Collins says she’s experienced firsthand the positive effects of presence.

“I use not only my physical practice of yoga, but my meditation practice as a way of just trying to bring me back into my life, because sometimes, life just spins out of control and the days are going by so quickly. And when you’re aware of what you’re doing at every moment, somehow you have more appreciation for every moment,” says Collins.

4. Buy experiences, not things

Follow in the footsteps of 19,000 screaming teens who spent $60 on a Justin Bieber concert last week, rather than squandering it at the mall. That’s right, these 19,000 “Bielebers” were made happier simply by spending their money on an experience rather than a thing.

If happiness can be bought, then it’s essential to get the buying right, according to Dunn and colleagues.

“Experiences are good, but why are they better than things? One reason is that we adapt to things so quickly. After devoting days to selecting the perfect hardwood floor to install in a new condo, homebuyers find their once beloved Brazilian cherry floors quickly become nothing more than the unnoticed ground beneath their feet,” writes Dunn. “In contrast, their memory of seeing a baby cheetah at dawn on an African safari continues to provide delight.”

Mark Holder, associate professor of psychology at the University of B.C. Okanagan and a happiness expert, adds that the difference in happiness gained from a material object versus an experience is most acute after two weeks.

“When we spend, we don’t tend to savour our big screen TVs, but we do tend to savour our experiences with others. We relive them through photographs, for example, we relive them by telling stories and by reliving, those people are happier,” says Holder.

5. Spend on others, not yourself

Next time you think of buying something for yourself, buy it for a friend instead. Spending on others will make you happier, not only because it makes you look good (thereby boosting your mood), but because spending on others is a legitimate way to improve our connections with others, according to Dunn.

While this advice may seem to make sense, especially in light of how often we’re reminded that “giving is receiving,” it’s surprising how many people disbelieve it, says Lara Aknin, a graduate student working with Dunn.

A 2008 survey of more than 100 UBC students conducted by Aknin found that a significant majority of students believed money spent on themselves would make them happier than if it were spent on others.

“There’s this disconnect between what people believe will make them happy and what actually does,” says Aknin. “People aren’t that good at making good predictions because their look-ahead is plagued by all these errors, and we forget that when we look into the future we’re not going to be in the exact same state that we are now.”

6. Buy less insurance

Next time you’re asked if you want to buy a warranty, say no. Businesses have long capitalized on our tendency to underestimate how well we cope with traumas, tragedies or just plain old bad luck. By offering an insurance against “unhappiness” from extended warranties to insurance policies, we’re actually spending more than we need to guard against negative situations.

Dunn explains that just as we have a physical immune system to ward off disease, our psychological immune system has a remarkable ability to reconstruct and rationalize a negative situation into a positive one: “Ordinary people are remarkably adept at re-construing events in order to avoid self-blame and the regret that accompanies it.”

7. Delay, delay, delay consumption

Don’t be tempted by those optimistic sales campaigns that proclaim “No money down!” or “Don’t pay for six months.”

If you wait till you have the cash to purchase the product or service, you’ll get an extra jolt of happiness, says Dunn.

There are a couple of reasons for this. One is that the “consume now, pay later” mentality leads people to short-sighted behaviour, such as racking up debts or saving little for retirement — decisions that can ruin lives, argues Dunn.
But another, less obvious reason why delayed consumption leads to more happiness is because “anticipation is a source of ‘free’ happiness.”

“Research shows people can reap substantial enjoyment from anticipation of an upcoming event even if the event itself is not entirely enjoyable,” according to Dunn.

8. Happiness is in the details

Who hasn’t dreamt of owning a vacation home — say, a waterfront cabin or ski chalet? Well, those dream homes may be more of a mirage in a desert.

Humans are adept at imagining, but tend to skip over the details, seeing the future in “simple, high-level ways,” argues Dunn.

That means while we’re picturing the glassy waters of a lakeside retreat, finer details like calls about a plumbing disaster, or long drives home after the vacation, or the constant buzz of mosquitoes while you’re enjoying your glass of wine tend to recede in the background.

“Consumers who expect a single purchases to have a lasting impact on their happiness might make more realistic predictions if they simply thought about a typical day in their life,” Dunn advises.

9. Don’t shop around

Save your time and refrain from comparison shopping. Recent research suggests that comparison shopping may distract consumers from the attributes that will make them happiest, by making them focusing on the differences between available options.

Dunn gives the familiar example of shopping for real estate, in which would-be buyers typically attend countless open houses and viewings and scrutinize spec sheets for features and information on each home.

“As a result, home buyers might overestimate the hedonic consequences of living in a big, beautiful house in a great location vs. a more modest home, leading them to take out a larger loan than they can truly afford, ” argues Dunn.

The same process may also lead consumers to seek out products that provide the “best deal,” which is not always the product that makes them happiest.

10. Follow the herd

Can’t decide which book to read? Movie to watch? Next vacation? The easiest way to get promising “happiness” results is to follow the herd.

“Research suggests that the best way to predict how much we will enjoy an experience is to see how much someone else enjoyed it,” explains Dunn.

So chances are, summer blockbusters are as likely to bring us as much joy as they did the thousands of other people who’ve seen them.

A 2009 study drives home the point: Women were asked to predict how much they would enjoy a speed date with a particular man. Some women were shown his photo and autobiography. A second group were shown only the rating of how much other women enjoyed the date.

Think the vast majority of women shown the photo and autobiography would make a more accurate prediction? The opposite proved true.

By Lena Sin/ Source: The Province

We want our kids to learn money doesn’t grow on trees, that if they lose another pair of school shoes they are not easily replaced and that if they save some of their earnings their money will grow and give them increased wealth for their future.

From the time your child utters “Da-Da” and takes his/her first clumsy steps, you can start teaching them some important lessons that will put them on the fast track to millionaire status. Here are a few tips to help you on your quest in raising a millionaire.

Baby, say hello to money:

Find out what your children want to buy. Then help them think about ways they can earn pocket money and save for the item: toys and games if they are young, books, movies or a special event if they are older. When you’re paying the cashier at the grocery store, explain that you are giving the store money in exchange for the items in your cart.

Once your kid is a preteen, show them how you balance the checkbook, pay the bills and deposit checks at the bank. Once they are in high school, talk to them about your investments and check your superannuation statement together. Your kiddo may not fully understand all the specifics right now, but these exercises could plant those first financial seeds.

Let them breathe:

Do you think Bill Gates’ parents ever told him to stop daydreaming about that silly computer mess he was always jabbering about at the dinner table? Probably not. The most successful entrepreneurs started off as super-creative, free-thinking kids – and most of them needed the support and encouragement of their parents to hit the big time.

Research shows that most children start to exhibit entrepreneurial traits, including risk-taking, problem-solving abilities and a powerful drive to succeed, at a very young age. Unfortunately, many of these kids lose that capitalist spirit by the time they graduate from high school. That is why you have to stay on and encourage them to excel in what they are good at and are most happy in.

Encourage their strong suits:

Don’t try to fit a square peg in a round hole. In other words, your kids will never reach millionaire status if you force them to be something they are not. That’s why it’s important to pinpoint your child’s forte and focus on that.

Figure out your child’s strongest talent and which activities make them happiest. After all, if the passion isn’t there, they’ll never stick with it.

Eye on the prize:

If you want your little one to be the next Oprah, make her work for that weekly pocket money. Don’t just hand over that wad of cash because she’s your little angel. If you follow that route, your kid will never learn the skills to pay the bills.

Just ask Troy Dunn, father of seven and author of Young Bucks: How to Raise a Future Millionaire. He says parents of would-be millionaires should follow the “dollar-and-a-dream” approach. In other words, if your preteen claims she’ll just die if she doesn’t get those Justin Bieber tickets, don’t immediately hand them over – make her work for it. Tell her if she really wants to see that mop-topped tween idol in concert, she’d better get busy mowing the lawn, scrubbing the toilets and bathing Chino.

Encourage your children to stay on track by offering to add to their savings if they achieve a particular savings goal.

Give them a head start

Want to give your son or daughter a financial head start on their path to millionaire-hood? If you’ve got the cash, you may consider making a small monthly contribution to a savings account in their name. When it comes to investment accounts, the sooner you start investing, the bigger the nest egg grows. If your childs first savings experience is good they will be more likely to repeat it. So just think of what would happen if you started investing in your child’s future from the day of her birth.

Here’s an example: if you contributed $100 a month from the day your child is born until her 18th birthday, her savings account will mushroom to a cool $1 million by the time she’s 65 (assuming a 7% average annual growth). Assuming an 8% growth rate, you would only need to contribute $56 a month. Not too shabby.

Move Over, Mark Zuckerberg

If you make all the right moves, you may just be the proud parent of the next J.K. Rowling or Donald Trump (with much better hair, of course). With a little bit of encouragement, lots of love and plenty of financial advice, you can put your kid on the road to riches.

Who is Sheldon Adelson? The richest Jew in the world, and one of the richest men on the planet. A man who built his career with his own two hands and now gives millions of dollars to charity.

Watch this Video and find out how Sheldon now, has it all. 

Sheldon Adelson & His Billions

Sheldon Adelson Gives Billionaire Advice On Being Successful:

With over 60 Million copies sold worldwide, “Think & Grow Rich” By Napoleon Hill is one of the most profound books read in many successful peoples lives and also the blueprint for the worlds best motivational speakers.

We have taken 15 of the Richest Quality quotes (In Our Opinion) from the book to share with you to apply in your life which will undoubtedly help you on your road to success.

The Top Think & Grow Rich Quotes

• “Patience, persistence and perspiration make an unbeatable combination for success”

• “Every adversity, every failure, every heartache carries with it the seed on an equal or greater benefit.”

• “The world has the habit of making room for the man whose actions show that he knows where he is going.”

• “Great achievement is usually born of great sacrifice, and is never the result of selfishness.”

• “Most great people have attained their greatest success just one step beyond their greatest failure.”

• “Desire is the starting point of all achievement, not a hope, not a wish, but a keen pulsating desire which transcends everything.”

• “Strength and growth come only through continuous effort and struggle…”

• “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.”

• “The starting point of all achievement is desire.”

• “The ladder of success is never crowded at the top.”

• “Education comes from within; you get it by struggle and effort and thought.”

• “Our minds become magnetized with the dominating thoughts we hold in our minds and these magnets attract to us the forces, the people, the circumstances of life which harmonize with the nature of our dominating thoughts.”

• “Fears are nothing more than a state of mind”

• “Failure is a trickster with a keen sense of irony and cunning. It takes great delight in tripping one when success is almost within reach”

• “If you do not see great riches in your imagination, you will never see them in your bank balance.”

This Old but funny video will explain everything you need to get started in the stock market.

Ever wanted to know how the Stock Market works? This Cartoon right here explains the basics of how companies go public and sell stock to investors. When we remember the basic purpose of the stock market, we can better understand why income investments are the best. Good companies use our initial capital to create goods that are in demand.

A Cartoon Of How Stocks & Shares Work

At a time when trust, respect & financial return are hard to come by on Wall Street one man continues to break the mould. Warren Buffett, the richest man in the world, at almost 69 Billion Dollars you would say that Warren Buffett knows by now how to make money and keep it.

Warren Buffett fills us in on what he has learned through his ups and downs in the money making game and the golden rules to stand by to make your money work for you.

Warren Buffett’s Advice

Warren Buffett’s Keys To Success

Like To Talk?

1. Blog for Ad Revenue – Start a blog on a topic you love, build up a reader base and make money from ads on your site.
2. Be a Forum Moderator – Keep out the spam and build a community and you can earn a little cash on the side moderating forums.
3. Write Articles for Websites – Content is King on websites. Keeping sites updated with fresh, high quality content is a chore for website owners and often outsourced. If you’re a good writer with experience in an area you can make a living off of it.

4. Be a Guest Author – Some higher quality sites will pay between $50 – $400 for a solid article on a topic their readers are interested in. The results are never assured with this method, but the rewards are much higher.
5. Get Paid to Post in Forums – No one wants to post in an empty forum, so webmaster will hire forum posters to help kick start their forum and make it look active. Get paid between $0.10 – $0.25 per post to help get a forum started.

6. Start a Podcast – Basically the same as with a blog, but with audio or video. Talk about what you want and make money from the ads.

7. Get Paid for Forums You Already Talk On – Many forums offer a revenue share program where you can run your own ads on threads you create. This is something Destroy Debt offers. Take advantage of it.

8. Translate Documents - Automated translation is no substitute for humans. If you speak a second language, translate documents and get paid.

9. Be a Life coach or Counselor - Many people would rather talk to a counselor through the safety of the Internet. Offer your advice at an hourly rate.

Are You A Gamer?

10. Farm Gold – Regardless of which online game you like to play there’s always people selling in game money for real money. It may be against the terms of the game but it isn’t illegal. Just make sure you’re making more than your subscription fee.

11. Participate in Gaming Tournaments – If you’re good enough consider entering gaming tournaments. Several of them give away serious cash and prizes.

12. Buy In-Game Real Estate – This was popularized by Second Life. Buy and develop land in the game and it can fetch you cash in the real world. You could become a millionaire like Ansche Chung.

13. Open an In-Game Store – Another one from Second-Life. Many people have made big bucks selling tshirts, pets, and just about anything else you can imagine in the game.

14. Be a Tester – A paid game testing job is hard to come by, since so many people will do it for free, but they do exist.

Would You Like To Be A Middle Man?

15. Put a US Face on an Overseas Business – People outsource overseas because it’s much cheaper. However due to communication problems and some bad experience people are also weary of it. Find some workers overseas you can trust who have a particular talent, and open a US store front offering that service. Charge the premium rates for a US company and “oversee” the overseas work.

16. Organize Forum Posters – When starting a forum many webmasters will hire posters to get it started. Paying 50 people $5 each is a pain and you never know the kind of work you’ll get. Put together a team and provide a one stop shop for webmasters.

17. Offer Client Referral Exchanges – Programmers often will get more projects at one time than they can handle and have to refer them off. Pay these programmers 10% to refer clients to you, and charge other developers 20% to send referrals to them. Pocket the difference. The same is true with other professions.

18. Be a Link Broker – Many people want to buy quality links for their websites while others want to sell them. Be the middleman to make these connections and make a profit on the price difference.

19. Sell Websites and Domains for Others – Some people have quality websites or domains but either don’t know how or don’t have the time to go about selling them. Provide this service and charge a 10% fee.

20. Refer Others to Jobs – Many firms will pay referral bonuses of $500-$1,000+ for referring the right candidate for a job. Develop relationships with recruiters and scour job boards for candidates that fit. Make the connection and pocket the cash.

Can You Program?

21. Write Software for Resale – I’ve personally bought tools on a number of occasions I knew I could write myself just because they were cheap enough to justify buying them instead of spending the time to write it.

22. Write a Web Component – I’m sure you’ve bought fancy drop down menus, charting, comboboxes, etc before. If not with your own money than for a project at work. Write a component like this and sell it.

23. Develop Websites for Others – This is kind of a no-brainer. Do some side work, you can probably charge 2-3x per hour what you get paid for your day job. Sites like Rent A Coder and Elance can put you in contact with buyers.

24. Automate Manual Jobs and Charge per Job – I’ve seen several people asking for forms to be populated from Google Maps or Yahoo Answers data. Write a quick app to do this, but charge per entry the same as if you were manually doing it.

25. Extend Existing Software – Create a plugin, build a storefront package on top of Amazon Web Services, make a bulletin board system more SEO friendly, or whatever you dream up. By extending the functionality of existing software, you can quickly build a user base.

26. Start Your Own Search Engine – Not from scratch, Google provides a great API for you to build your own custom search engine. Build one around a certain topic, provide a better design or give out random prizes. When people search from your site and click on the ads, you get credit.

27. Build Canned Websites for Resell – Create a website for a particular industry once, give it a descent admin and then resell copies of it over and over. Just swap out the logo, a few images and you’re good to go. This works especially well for affiliate marketing websites.

Ever Heard Of eBay?

28. Sell Your Junk on Ebay – The packaging and mailing is a pain, but it sure beats having a garage sale.

29. Buy Other Peoples Junk and Sell it on Ebay – Go to garage sales and resell for higher, or buy bulk discontinued items and sell them off individually.

30. Sell Other Peoples Junk on Ebay for Them – There’s a store on virtually every corner that does this now. Why not you?

31. Create a Virtual Store on Ebay with Drop Shipping – Create a wide storefront with tons of products. The beauty is, by working with a private label drop shipping company you don’t have to actually have these products. Just order one when you make a sale and they’ll ship it out for you, with your name on it. You don’t have to deal with the packaging either!

Don’t Mind Working In The Real World?

32. Take Stock Photos – Take clever photographs and sell them for stock photos on other websites. Sites like iStockPhoto.com allow you to sell the same photo to hundreds of websites.

33. Make Stuff to Sell Online – If you can quilt, sew, work with wood or are descent at any other task, you can make it and sell it online.

34. Enter Data for Google Maps – Google is currently paying people to take photos of businesses and enter basic data such as hours of operation. Go to the local business complex next to the grocery store and you can knock out 50 of these in a few hours.

Got Some Money To Invest?

35. Flip Websites or Domains – There are countless websites and domains for sell every day at places like DigitalPoint, SitePoint and DnForum. Find the bargains and turn them around for a quick profit.

36. Buy Profitable Websites and Keep Them – The standard going price for a small profitable website is 10-12 months earnings. Buy some gems, hang onto them past 10-12 months and reap the benefits.

37. Learn the Art of PPC Arbitrage – Put up a simple website that has ads, affiliate programs or some other source of revenue. If you can find the right terms and buy traffic to the site cheap enough, it’s possible to make a profit on the difference on what you buy the traffic for and what you sell it for.

38. Become a Day Trader – Better know what you’re doing on this one because it’s just as easy to loose money with it as make it. But it can be quite profitable if you know what you’re doing.

39. Convert E-Currency – There are several forum posts everyday for people who want to convert some EGold money into Paypal money, etc. Offer this service and charge a 5%-10% fee for it.

40. Buy a Fancy Machine – Buy a high tech printer, engraver or automated sewing machine and charge people for the items you can produce with it.

Good With Photoshop?

41. Design Logos – Every good business needs a good logo. You may be just the person to provide it.

42. Design Websites – Why stop with the logo, entire websites need to be designed. I am horrible at design so hired Evermark to design this site. Other webmasters are hiring too.

43. Design Ads – Webmasters still need design work after the site is created. Create banners and other professional ads for websites.

44. Draw Cartoons – You may have noticed our section of debt cartoons. I can tell you I didn’t draw them, it was Dan from GibbleGuts.com. Start your own cartoon business.

45. Design T-Shirts – Come up with a nice image or some interesting text and sites like CafePress will help you slap it on a t-shirt and sell it.

46. Design a Seal – Here’s a little secret, most of those “authority seals” you see really don’t mean anything. They just look like they give a site credibility, so webmasters are willing to buy them because they improve the conversion rate. Create your own, make up some guidelines and charge $300 for websites to use it.

47. Create Digital Scrap Booking Templates – People love to scrapbook and some prefer to do it on the computer. Create templates for every occasion that allow your customers to just slide in their own photos.

48. Make Clipart and Icons – People still need these. Another option is comment graphics for sites like MySpace. Build packages of these, give a few away for free and sell the rest.

49. Create MySpace Backgrounds - Don’t stop at the comment tags. Myspace is a gold mine for selling simple customizations if you’re good at it. Create some nice backgrounds and cash in.

50. Make Photoshop Brushes and Filters – If you’re a true wiz at Photoshop, extend its functionality and you can make a fortune.

Have An Artistic Touch?

51. Edit Photos for Others – You can restore old photos, or give existing ones an artistic touch, nice frame, etc. My brother offers this service for kid’s sports pictures at Zongker Team Pics.

52. Create Video Montages – Have people email you a stack of photos and put together a nice DVD to music for weddings, anniversaries, reunions, funerals, etc.

53. Create Photo Mosaics – You know those nifty pictures that are made up from 500 smaller pictures. Have customers send you the digital images they want to use and you can create these automatically with software like Andrea Mosaic.

Got Talent?

54. Record Songs and Sell Online – That is if you don’t suck. With online downloads, record labels are becoming a thing of the past. If you got the goods, sell it online at palces like Arkade.

55. Sell Artwork Online – If you can paint, draw, sketch, make caricatures, etc try selling them online. You may be surprised how many people are willing to buy it.

56. Compose Midi’s – Create either your own original creation or your interpretation of more popular songs and sell them as midi’s or ring tones.

57. Make Videos – Sites like Revver and Break will share ad revenue or even pay you for your videos. Make something clever and upload it.

58. Contribute to a Collection – Whether it’s a recipe, short story, poem or whatever. You may not be able to sell it alone, but could get royalties from contributing it to a collection.

Have More Time Than Talent?

59. Submit to Social Bookmarking Sites – Just look at the Digital Point Forums and you’ll see tons of people paying for someone to Digg or Stumble their site. You’ll be considered the scum of the earth by the users of these sites, but will have a few extra bucks in your pocket.

60. Get Paid to Surf – You won’t make much, you’ll be giving up your privacy and possibly be installing malware, but this list wouldn’t be complete without the obligatory get paid to surf reference.

61. Take Surveys – A few sites will pay you to complete surveys. Not always in cash, but sometimes you can get free samples or points to buy products with.

62. Get Free Samples – You probably won’t find free cash, but hey stock up on all the free samples, mouse pads and other junk you can find! There are tons of freebie sites who’ve done the hard work of finding these freebies for you.

63. Enter Contests – If you’ve got some time to kill, enter a few contests. You may not win the beach house, but I’ve personally won free pizza’s, cell phone accessories and flowers from some local online contests.

64. Data Entry – Here’s ole faithful. People often need data moved from one type of document to another, or written/verbal notes dictated. It’s work pretty much anyone can do.

65. Become a Virtual Assistant – Occasionally people want research done on anything from finding a certain car but don’t have time to do it themselves. Provide this research service for them and charge by the hour. It’s a real industry with it’s own organization.

66. Get Paid to Search – With sites like Winzy you can win prizes for searching.

Do You Know HTML?

67. Make Blog/Forum Templates – Pick a popular blog or forum software, design some nice templates for it and sell them.

68. Create MySpace Layouts – This is essentially the same task as the blog templates, but an entirely different market. You may even be able to reuse the same template for both purposes.

69. Start an Online Store – Order products wholesale, or drop shipped and create your own storefront.

70. Start an Affiliate Website – Don’t want to deal with the headaches of selling your own products? Refer visitors to someone else’s products and earn a commission.

71. Open a Virtual Storefront – Building your own affiliate site is still too much work for you? Then don’t, open a virtual storefront hosted by someone else, using sites like Art.com and CardCommission.com.

72. Offer Paid Reviews From Your Website – Other website owners will pay you to review their website on your site or blog. Make from $10-$50 each or more by offering these reviews.

73. Start a Directory – Build up a quality listing of sites on a given topic and get other sites to link to this resource. Then start selling premium listings in this directory.

Are You Tech Savvy?

74. Resell Web Hosting – You can find several sites offering reseller hosting packages atWebHostingTalk. You just rent the server space, split it up and resell it. Occasional support is required.

75. Host Game or Chat Servers – Set up a Linux box in a datacenter and you can run voice chat and game servers off of it that are available 24×7. People will pay to use them.

76. Host Forums – There’s software like SebFlipper that will allow you to host hundreds of separate forums from a single web server. Charge your members to host a forum with you, or offer it for free and run ads on all the pages.

77. Install Applications for Others – People are constantly getting hung up and asking for help with installs on websites. Install software for them and charge a fee for it.

78. Answer Tech Questions – Sites like ExpertBee provide a place for people to ask questions and specify a price they will pay for the answer.

79. Start an Uptime Monitoring Service – There’s software packages out there that will check a website for uptime, send alerts and provide reports. Buy one of these packages and resell the hosted service.

80. Offer Hosted Email – Setting up an email server, blocking spam and making sure it’s locked to relaying is a pain for most webmasters. Provide an easy way for them to outsource the whole service to you.

81. Provide Application Testing – Manually test websites on different OS and browser combinations and provide a report of your findings.

82. Provide Load Testing – Put a heavy traffic load against websites an provide a report of how it responded.

83. Offer an Offsite Backup Service – Rent a server and massive amounts of storage space from a datacenter and provide remote storage space via FTP or other method for a monthly fee per gigabyte of storage.

84. Start a Domain Registrar – Sites like TuCows will let you create your own private label domain registrar where you’ll benefit from not only the initial sale, but from renewals.

85. Sell SSL Certificates – Another service offered by TuCows and others is the ability to resell SSL certificates.

Have A Knack For SEO?

86. Be a Link Builder – Someone who can find good quality links for a website is worth their weight in gold. Become a link builder and charge per link or by the hour.
87. Submit to Directories – Filling out the forms to submit to directories is a pain but important for webmasters. Most will gladly pay to have someone else do it for them.

88. Be a Consultant – Review websites and recommend changes to help improve search engine rankings. Slap it together in a professional looking report and you can charge several hundred to a few thousand dollars per website.

Know Something About Something?

89. Become an About.com Guide – About.com will pay you a very nice percentage of ad revenue from the section you’re a guide of.

90. Write eBooks – These are hard to sell but if you really have the info others want you can make it work.

91. Teach an Online Course – Many colleges are looking for part time teachers for both their online and in-classroom courses.

92. Sell Instructional Videos – It’s got to be something people want, but if you’re truly an expert on a topic, others will pay to learn what you know.

93. Start a Subscription Website – Provide new scrapbooking techniques, recipes or any other advice on a regular basis and charge for a membership.

Are You Opinionated?

94. Review Software – Developers are looking for honest feedback on their work and are willing to pay for it. Use a site like SoftwareJudge to get paid for providing this feedback.

Don’t Have A Conscience?

95. MySpace Blast People – Create an account, recruit all the friends you can and then send them bulletins with advertisements. You’ll loose a lot of ‘friends’ but you will make some money at it.

96. Do Homework for Others – It’s completely wrong of course, but you can get paid to do it.

Don’t Mind Annoying Your Friends?

97. Sell Products Via Email – Gone are the days of Avon, Tupperware and Arbonne parties. Just email your friends and family the the current specials and have them email back the orders.

98. Send Out Cards – Another great program for marketing to your friend and family is SendOutCards. They send out physical Christmas, birthday and other cards on your behalf and pay for referrals.

99. Refer Them to Surveys – Not only can you fill out surveys yourself, now there’s a second tier where you can refer friends to take surveys and earn money and gifts for doing so.

Don’t Want To Actually Work?

100. Sell Unused CPU Cycles – Why do work yourself when your computer will do it for you? Sites likeCPU Share let you sell your extra computer cycles. Just make sure you’re making enough to cover the cost of electricity.

Want More Traditional Work?

101. Telecommute – Hit up your favorite online job board for jobs marked as telecommute. Most you can do entirely online from your home.

Markus Frind runs a free online dating site called PlentyOfFish.com and he rocked the Internet world this week when he posted a photo of his latest Google AdSense check for nearly $1 million CAD.

It was a check for 2 months because the first check they sent was so big it was rejected by his bank. (I hate it when that happens.)

Markus Frind – The PlentyOfFish AdSense Millionaire

Markus shares a few thoughts below:

You’re a one-man show running a very successful dating site. Tell us how you got started.

Back in 2001 after my birthday someone in the office introduced me to online dating sites.  I went back to my desk and checked out udate.com and kiss.com and lavalife/web personals.    I was bored and I wanted to chat with people.  I was really annoyed when I found out you had to pay for everything, I ended up telling the girl who introduced me to the sites that I could do better and make them for free, so I went and registered Plentyoffish.com.    All I ever ended up doing was creating an index page and forgot about it. Fast forward to 2003… [Find the rest of Markus' answer over on his blog]

Your site, if you’ll forgive me, isn’t terribly attractive, it isn’t “web 2.0″ it isn’t even a terribly original idea. Many entrepreneurs today think that without those ingredients in the recipe, they’ll never make it. You’ve clearly proved otherwise. What’s your secret and what are your thoughts about what it takes to be successful?

To many people assume an “original idea” is just something that looks visually different then others. I created the first real free dating and the first one that actually worked. Just like Google created the first real search engine that worked. There is no such thing as a secret.  When I came home from work I sat down and I forced myself to code for a hour or 2. The enemy was thinking,  whenever I paused or started to think I would force myself to type something,  its amazing how much you can get done when you just type. There are only 1000 or so sites in the world with massive traffic, and of those mine is the only one that is run by a single person.   It’s not possible for thousands of people to be as successful as me. For being successful in building sites you need to give something to the surfer  faster  or better or both. If you want to do pay per click,  you just need to be good at picking words to bid on.  For that business its just a matter of repetition and fighting boredom. At the end of the day you just need to sit down and DO it.  Most people don’t.

You’ve obviously done a brilliant job marketing the site because you have some insane traffic numbers. What do you feel has been your most successful marketing move and why?

It was all viral. My best move was not going out and spending a ton of money, with online dating you need to spend $6.00 for every free member, and most of those leave on the first day and the few that do become active don’t stay more than 3 months. So 30% of your membership is turned over per month. There is no way you can make your money back. The site went ballistic in Canada all on its own I really didn’t have to do anything.

What has been your least successful marketing effort? Why wasn’t it successful?

Radio, too expensive, too hard to buy your way into markets. Yahoo, Match.com and Eharmony and Lavalife are each spending $10 million a month on marketing. How can you even come close to competing with them?

Can you share some of your favorite sources of inspiration and ideas? (e.g. certain blogs/books/magazines)

Never bothered reading books, magazines Just started reading blogs lately outside the dating world. For the most part I treated it as a video game, and defeat isn’t an option you just find some way to win.

Any parting advice for other entrepreneurs trying to gain success with AdSense or other “eyeball/traffic”-oriented ventures?

Google pays out $500 million a quarter to AdSense users.  That money is going somewhere, and if you look at the top 1000 sites  not a hell of a lot of them have AdSense.  Statistically speaking those sites that have low numbers of users and high EPC [Earnings Per Click] will make the most money. Build sites that no one else has done before,  stuff only goes viral the first 1 or 2 times  after that you have to buy your way into a market.

With an estimated fortune of $62 billion, Warren Buffett was, at one point, the richest man in the entire world.

In this post Warren Buffett shows you how you can become rich.

Here are Warren Buffett’s Top 10 Ways to get rich!

1. Reinvest Your Profits:

When you first make money, you may be tempted to spend it. Don’t. Instead, reinvest the profits. Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he’d amassed $174,000 — or $1.4 million in today’s money. Even a small sum can turn into great wealth.

2. Be Willing To Be Different:

Don’t base your decisions upon what everyone is saying or doing. When Warren Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to tell his parents where he was putting their money. People predicted that he’d fail, but when he closed his partnership 14 years later, it was worth more than $100 million. Instead of following the crowd, he looked for undervalued investments and ended up vastly beating the market average every single year. To Warren Buffett, the average is just that — what everybody else is doing. to be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world’s.

3. Never Suck Your Thumb:

Gather in advance any information you need to make a decision, and ask a friend or relative to make sure that you stick to a deadline. Warren Buffett prides himself on swiftly making up his mind and acting on it. He calls any unnecessary sitting and thinking “thumb sucking.” When people offer him a business or an investment, he says, “I won’t talk unless they bring me a price.” He gives them an answer on the spot.

4. Spell Out The Deal Before You Start:

Your bargaining leverage is always greatest before you begin a job — that’s when you have something to offer that the other party wants. Warren Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shoveling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split. Warren Buffett was horrified that he performed such backbreaking work only to earn pennies an hour. Always nail down the specifics of a deal in advance — even with your friends and relatives.

5. Watch Small Expenses:

Warren Buffett invests in businesses run by managers who obsess over the tiniest costs. He once acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only on the side of his office building that faced the road. Exercising vigilance over every expense can make your profits — and your paycheck — go much further.

6. Limit What You Borrow:

Living on credit cards and loans won’t make you rich. Warren Buffett has never borrowed a significant amount — not to invest, not for a mortgage. He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you’re debt-free, work on saving some money that you can use to invest.

7. Be Persistent:

With tenacity and ingenuity, you can win against a more established competitor. Warren Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator. To Warren Buffett, Rose embodied the unwavering courage that makes a winner out of an underdog.

8. Know When To Quit:

Once, when Warren Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. He felt sick — he had squandered nearly a week’s earnings. Warren Buffett never repeated that mistake. Know when to walk away from a loss, and don’t let anxiety fool you into trying again.

9. Assess The Risk:

In 1995, the employer of Warren Buffett’s son, Howie, was accused by the FBI of price-fixing. Warren Buffett advised Howie to imagine the worst-and-bast-case scenarios if he stayed with the company. His son quickly realized that the risks of staying far outweighed any potential gains, and he quit the next day. Asking yourself “and then what?” can help you see all of the possible consequences when you’re struggling to make a decision — and can guide you to the smartest choice.

10. Know What Success Really Means:

Despite his wealth, Warren Buffett does not measure success by dollars. In 2006, he pledged to give away almost his entire fortune to charities, primarily the Bill and Melinda Gates Foundation. He’s adamant about not funding monuments to himself — no Warren Buffett buildings or halls. “I know people who have a lot of money,” he says, “and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.”