Archive for the ‘Millionaire Mindset’ Category

The Wisdom Of Warren Buffett - Part 4

Tuesday, March 16th, 2010

Warren BuffettWarren Buffett is often recognized as a genius. But he denies this. He recognizes what he does as a simple way of making money in a proven manner by investing in stable companies with timeless business models that return profit reliably. There’s no tricks to it.

However, one thing that backs up the proof of his genius is that he maintains a high level of foresight and understanding when it comes to evaluating his purchases. Not one to jump to conclusions, Warren Buffett manages an attitude of common sense backed by careful observations of market structure.

Evaluating Companies - The Warren Buffett Way

When Warren Buffett looks at a company, he looks at the whole deal in terms of serious questions such as, “Does this company sell products that people always need?”, “How how has the industry existed?”, “Are these name-brand goods what people identify with when they think of the product type?”, and several other hard-hitting questions that really examine the fundamental nature of a potential investment.

Warren Buffett owns a holding company named Berkshire Hathaway, which holds the largest number of stocks in some seriously huge businesses. For example, Buffett has basically all but purchased Coca Cola and Kraft Foods, two companies that represent the production of a large portion of ubiquitous goods at supermarkets across the U.S. Want another example of his investment mentality?

Ask yourself; when was the last time you heard a person casually refer to a soda as a “coke”. That’s where Warren Buffett finds his golden opportunities for investment heaven, because these items are enshrined in America as a way of life. They don’t go anywhere, and neither does the Oracle’s profits.

Warren Buffet - The Worlds Greatest Money Maker Pt3

Learning to invest like Warren Buffett will take time. Common sense is something we all enjoy - even if we don’t always use it - but you must hone your skills of evaluation and insight by looking deep at a company and its potential before deciding that its stocks are worth a purchase.

Anyways, that’s all there is for this entry. We’ll be back next week for part 5 of the Warren Buffett series, so keep checking back for more wise solutions for investments.

Sean Rasmussen
The Bullhunters Guide
Universal Wealth Creation © 2004 - 2010

The Wisdom Of Warren Buffett - Part 3

Tuesday, March 9th, 2010

Warren BuffettGlad to have you with us again. We’ve been discussing the wisdom of Warren Buffett and why he’s a smart guy because he likes common sense investment options.

To continue this subject, we’re going to start covering specifics and get into some things you can learn from applying his strategies to your investment portfolio.

Because of the aura Warren Buffett exudes in the media, there’s legions of drones who worship his every move and copy them exactly. While you may see some success this way, it’s ultimately counter-productive and just plain foolish if you don’t realize what the gentleman is doing, and why.

Making Money The Warren Buffett Way

Warren Buffett makes his money by following what he thinks and sticking to the basics based on his own careful observations. You should do this as well by using your mind - and not his, when choosing to invest.

Warren Buffett - The Worlds Greatest Money Maker Pt2

Of course, The Omaha native has good investment strategies, so you should make a conscious effort to learn from them. A simple summarization of Buffett’s stock market philosophy can be found in a humorous and blunt explanation he gave in 1987. Basically, he said, “I’ll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It’s addictive. And there’s fantastic brand loyalty.” Does that really need any further explanation? The concretes have changed, but the basic idea applies to his entire approach towards investments.

Since he doesn’t jump at rapid changes, Warren Buffett has cultivated a sense of patience that could only try the nerves of the most stout investor. There’s a golden rule to his methodology, in that he’s totally ruthless when it comes to persistence.

If you’re going to start making money in a way that’s guaranteed, you’re going to have to do it the slow, hard - but successful way of investing slowly in timeless industries and waiting it out.

That’s all the time we have for now but part four of the wisdom of Warren Buffett is only right around the corner! While you’re here, read other entries on how your can improve your investments and develop a better success mentality for investing.

Sean Rasmussen
The Bullhunters Guide
Universal Wealth Creation © 2004 - 2010

The Wisdom Of Warren Buffett - Part 2

Tuesday, March 2nd, 2010

Wisdom Of Warren BuffettIn part one of the wisdom of Warren Buffett, we took him off his holy pedestal and brought him down to our level, now we’re going to begin explaining why this sort of treatment is exactly the kind of thinking that drives Warren Buffett’s investment decisions.

In the highly volatile and sometimes loopy world of global markets, Buffett is the champion of the pursuit for common sense stocks.

As a normal man, Warren Buffett looks at things realistically. He doesn’t paint big pictures, wear rose-colored glasses, think outside the “box”, act as the black sheep of the herd, or engage in any other number of investment clichés. In the end, these things are only gimmicky tropes.

Warren Buffett - Keeping It Simple

For several decades, a man from Omaha decided to follow what made the most sense to him by pursuing basic goods that are affordable and ingrained in everyday life. He invested in products and services that are pretty simple by any standard, but represent crucial elements that we may take for granted on a daily basis. Razor blades, bath soap, soft drinks, auto insurance, batteries - we all deal with this in our daily lives, and that’s exactly why Warren Buffett pursues them intently.

Warren Buffett - The Worlds Greatest Money Maker Pt1

Basically, one of the cornerstone principles behind Buffett’s effective strategy is to put investments into companies that will provide long-term returns. He doesn’t deal with fads or sudden technology surprises that are beautiful and rich today and totally obsolete and worthless tomorrow. To frame this concept, the man once said the following words if wisdom, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

It’s extremely simple, and we’ll continue to tell you why Warren Buffett is a genius of common sense in future entries, and provide a few examples. For now, we’re wrapping things up. Don’t go anywhere - there’s plenty of other series here to read to help you find out intelligent and exceptional investment strategies.

Sean Rasmussen
The Bullhunters Guide
Universal Wealth Creation © 2004 - 2010

The Wisdom Of Warren Buffett - Part 1

Tuesday, February 23rd, 2010

The Wisdom Of Warren BuffettWe’re glad to have you back with us! We’re going to be discussing that most impressive giant of stocks, the unstoppable colossus of investment fortune, the shining avatar of unbelievable success, Warren Buffett.

To get gets started, we’re going to strip him of his halo. Warren Buffett is just your average man. Nobody intrinsically special, he’s basically like you or us in that he’s a human being doing his best to make good decisions in this crazy but wonderful global economy.

“How can you say that!?! Look at his successful portfolio!!”, you may be exclaiming right now. It’s easy. Buffett is an average man, yes. Which is both true and an absurd claim to make. Is that even possible? Most definitely. As an ordinary human being, Warren Buffett put forth the hard work and patience necessary to become extraordinary by believing in common sense.

Warren Buffett - How To Read Stocks

Called the Oracle of Omaha, there’s no mystical soothsaying with this man. He doesn’t deal with advanced scientific systems, or highly complex abstract numerical formulas. Not one to cloud his vision with smoke and mirrors, Warren Buffett made a sage out of himself by paying attention to basic human nature and mustering the unbreakable willingness to pursue a very simple and mundane path for investment potential.

Most investors today buy into all sorts of incredible investment contraptions, hoping to capitalize quickly due to high-risk payoffs. There are so many investment methods and stock pursuit options, it can make your head dizzy!

Sean Rasmussen
The Bullhunters Guide
Universal Wealth Creation © 2004 - 2010

Financial Intelligence

Friday, September 21st, 2007

Firstly Bullhunters, I would like to say that I am not a licenced Financial Planner and neither is Sean Rasmussen or Jamie McIntyre, so we cannot give advice on how to invest your money.  What I can do however, is share with you some insights of what Jamie talks about in his best selling book What I Didn’t Learn at School but Wish I Had.  After all, I wouldn’t be writing this blog if I hadn’t become a 21st Century Academy Graduate :)  And, if you are investing in the Stock Market and trading successfully, how are you going to make that money work for YOU rather than having to work for your money?

What I Didn’t Learn at School but Wish I Had

Please remember when you download this free ebook that the information presented here is based on Jamie McIntyre’s personal experiences as an entrepreneur, consultant, coach, investor and others he has modelled in detail.  You may have to modify them, do further research on them or adapt them to suit your personal financial situation.  Also, any information presented is given purely as an illustration and should not be construed as a specific investment recommendation.

The key to creating wealth is to make the space in Your Life for the money to show up first and foremost.  Jamie discusses  the following points, amongst many others,  and allows you to fill in your own details in the book itself so it is written in an educational format.  They fall under these categories: 

  1. Financial Protection - this is the precise amount of money  you will require in liquid assets to be financially protected.
  2. Financial Security - the amount of money you will need to achieve finacial security to cover the basic necessities such as food, clothing and transport.
  3. Financial Independence - the amount of money you will need to achieve financial independence to be independent of working a J.O.B. (Just Over Broke).
  4. Financial Freedom - this is attained when your investments provide enough income for you to live the lifestyle you desire for the rest of your life without ever having to work again.
  5. Absolute Financial Freedom - this is when your investment income provides you with certainty that you can do whatever you want, as much as you want, whenever you want, wherever you want, with whomever you want, - without ever working again.

I have a big poster board that I drew listing these points with the amounts needed to achieve each level stuck on the door of my office so that I can look at it on a daily basis and know where I am up to.  So far, I have achieved step number two which is Financial Security and on the way to achieving Financial Independence by March of 2008. 

On this poster board, I also have some pictures that I have cut from magazines of places that are on my list to visit, a beautiful home similar to one which I would like to purchase and a photo of my newish car which I purchased at the beginning of the year.

I am not telling you this to impress you, but to impress upon you that planning for your financial future is imperative to living the life that you desire to live.

Working through the book helps you set up a reduction strategy to eliminate your bad debt (as opposed to good debt) for the purpose of using your money for the strategies of renting shares, property investing, running your business more successfully with a team of professionals and of course Internet Marketing strategies.  Jamie uses a synergy of all these strategies combined and wants to teach you how to develop a Millionaire Mindset and do the same. 

If you are reading this and are already trading, perhaps you may want to take a look at what else you could do with your finances to help reach your desired level of Financial Intelligence and quit working for someone else unless of course you enjoy what you do.  If the graduates reading this would like to comment and share something that really stood out for you from the book, I welcome your comments.

Sean’s wealth forum is a great place to meet other graduates and members who are doing their due dilligence into the homestudy so if you are so inclined, please visit the wealth forum and make some new friends.

To Your Financial Success

Angela Recchia
Graduate Support
Universal Wealth Creation © 2004 - 2007