Complementary Currencies
and How They Work
Complementary Currencies and How They Work
In some areas, the local residents have essentially invented currencies instead of
using the traditionally accepted currency when paying for local goods and services.
These substitute currencies are referred to complementary currencies.
Let s see...
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Complementary Currencies and How They Work Complementary Currencies and How They Work In some areas, the local residents have essentially invented currencies instead of using the traditionally accepted currency when paying for local goods and services. These substitute currencies are referred to complementary currencies. Let s see what they can and can t do. What’s the Point? Complementary currencies can fulfill one or more of the following purposes: The promotion of the local economy. The money can only be spent locally with local businesses. To meet needs that the normal currency does not. For example, perhaps the local currency is easier for members of the community to obtain. So paying for their goods with the complementary currency is more beneficial for their personal finances. To foster social capital. It can help to bring a community together. To support a more sustainable lifestyle. Supporting local produce and other local goods means little transportation and corresp
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From Curtis Rose
Investing in
Foreign Stocks
Investing in Foreign Stocks
At some point, every investor wonders if he should invest in foreign companies.
It s
not uncommon to hear about the great profits that can be made, though those profits
can come at additional risk.
Stocks in the United States only account for about 30% of the total value of the...
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Investing in Foreign Stocks Investing in Foreign Stocks At some point, every investor wonders if he should invest in foreign companies. It s not uncommon to hear about the great profits that can be made, though those profits can come at additional risk. Stocks in the United States only account for about 30% of the total value of the stock in the world. So, more than 2/3 of the stock value is outside our borders. That s hard to ignore if you re a serious investor. In fact, many of the largest companies in the world, especially those that make electronics, steel, and perform mining are outside the United States. There are over a dozen significant stock markets based in other countries. More importantly, many of these companies operate in economies that are growing very rapidly. Wouldn t it be nice to always be investing in economies that are moving in a positive direction? Foreign companies are a good way to diversify. They also lack correlation with the US markets. What does t
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From Curtis Rose
GET SMART ABOUT LOANING
MONEY TO LOVED ONES
Get Smart About Loaning Money to Loved Ones
In tough economic times, it becomes more likely that you ll run into family or friends
asking to borrow money.
While some people rule out the practice altogether, there may be circumstances
where you decide it s worth the risk.
These are some...
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GET SMART ABOUT LOANING MONEY TO LOVED ONES Get Smart About Loaning Money to Loved Ones In tough economic times, it becomes more likely that you ll run into family or friends asking to borrow money. While some people rule out the practice altogether, there may be circumstances where you decide it s worth the risk. These are some points to keep in mind if you re trying to decide whether to loan money to loved ones and how to structure personal loans. Deciding Whether To Loan Money 1. Protect your own finances. Review your own financial status so you know how much you can truly afford to lend. Your generosity may backfire if you wind up falling behind on other obligations. 2. Clarify the purpose. It s usually reasonable to ask what the funds are being borrowed for. You may want to distinguish between tiding someone over during a period of unemployment rather than buying them a larger television. 3. Encourage money skills. If you re dealing with someone who has chronic money t
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From Curtis Rose
MLM AND SELF-BRANDING
MLM and Self-Branding
Every MLM businessperson should be aware of self-branding.
Self-branding is
marketing yourself.
It’s important to market everything associated with your
business, and that includes you.
Many people will buy from you because of who you
are and not just because what you re offering....
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MLM AND SELF-BRANDING MLM and Self-Branding Every MLM businessperson should be aware of self-branding. Self-branding is marketing yourself. It’s important to market everything associated with your business, and that includes you. Many people will buy from you because of who you are and not just because what you re offering. It’s a well-known fact that people buy from those they know, like, and trust. Even if a prospect is excited about what your product can do for him, much of his decision is about you. So let s see how you can get your beautiful face out front and center. 1. Create your image. It s not just about putting your name and face on everything you do. You need to decide on what image you want to present. It should truly be you, but it should focus on integrity and your strengths. How do you want potential customer s to view you? Your image should be represented by everything you say and do in your marketing materials. That includes every email you send out, your
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From Curtis Rose
HOW TO INVEST
LIKE WARREN BUFFETT
How to Invest Like Warren Buffett
Warren Buffett is perpetually one of the richest people in the world and almost
universally considered to be the greatest stock picker the world has ever known.
While you might not ever be worth $50 billion, you can certainly learn a thing or two
from “The Oracle”...
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HOW TO INVEST LIKE WARREN BUFFETT How to Invest Like Warren Buffett Warren Buffett is perpetually one of the richest people in the world and almost universally considered to be the greatest stock picker the world has ever known. While you might not ever be worth $50 billion, you can certainly learn a thing or two from “The Oracle” and greatly increase your wealth over the long-term. Though Mr. Buffet has never officially written down his process for evaluating and choosing stocks, there is a lot that can be learned from his letters to his shareholders. These rules are in line with those shareholder letters: 1. Rule #1: Don t lose money. Warren s basic philosophy is to purchase a stock for less than it s worth and then let the rest of the world finally figure it out, too. This is commonly referred to as value investing and has been the corner stone of his philosophy from the very beginning. In fact, the rest of the rules are really rules to find these companies. 2. The company
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From Curtis Rose
TRYING TO BUILD WEALTH?
BEWARE OF THESE STRATEGIES
Trying to Build Wealth? Beware of These Strategies
Who doesn t want more money? Even people with billions of dollars seem
preoccupied with trying to get even richer.
But why do some people seem to acquire
money easily while others really struggle?
I m sure you ve noticed that many...
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TRYING TO BUILD WEALTH? BEWARE OF THESE STRATEGIES Trying to Build Wealth? Beware of These Strategies Who doesn t want more money? Even people with billions of dollars seem preoccupied with trying to get even richer. But why do some people seem to acquire money easily while others really struggle? I m sure you ve noticed that many financially successful people aren t particularly talented. The difference is that they’re spending their time on productive and profitable things. At the end of the day, people are paid in relation the amount of value they provide. To receive money, you simply must be creating value in some way. There are many ways to provide value; just think of all the things in your life that you re willing to purchase. This isn’t a complex idea, either. For thousands of years, people have been trading value for income. If you haven t fully internalized this concept, you might be spinning your wheels in trying to build wealth. Consider these two habits that may b
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From Curtis Rose
WHAT IT TAKES TO
Get a Home Loan
What it Takes to Get a Home Loan
In spite of whatyou might think, banks are desperate to make loans right now.
But
that doesn t mean that lending standards aren t tight; it’s still going to take a lot of
paperwork to make thelenders happy.
Rates are the lowest they ve been since the 1950s, so while...
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WHAT IT TAKES TO Get a Home Loan What it Takes to Get a Home Loan In spite of whatyou might think, banks are desperate to make loans right now. But that doesn t mean that lending standards aren t tight; it’s still going to take a lot of paperwork to make thelenders happy. Rates are the lowest they ve been since the 1950s, so while it might be a bit of a hassle to jump through all the hoops, the time has never been better for that jumping. With rates well under 5% for 30-year fixed-rate loans, now is the time to act. Fannie Mae, Freddie Mac and the FHA are still the major players in the mortgage business. Although different lenders have different requirements, the following details are generally what they’re looking for in today’s economic climate. Meet these requirements and you should be able to find the loan you’re seeking: 1. Credit score. If you re buying your primary home or refinancing your primary home,a minimum credit score of 620 is required if you have at least 25% eq
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From Curtis Rose
7 Marketing Tips to
Grow Your MLM Business
7 Marketing Tips to Grow Your MLM Business
The MLM business model frequently drives people to either try to cram products
down a customer s throat or to spend a lot of time doing cold approaches / cold calls.
However, the marketing side is frequently lacking.
It s a lot easier to get...
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7 Marketing Tips to Grow Your MLM Business 7 Marketing Tips to Grow Your MLM Business The MLM business model frequently drives people to either try to cram products down a customer s throat or to spend a lot of time doing cold approaches / cold calls. However, the marketing side is frequently lacking. It s a lot easier to get customers from leads that are approaching you, rather than trying to convert a complete and unaware stranger. MLM is a lot of work. The difference between being successful and coming up short is whether you re putting a lot of work into the right things. You can dig a hole with a backhoe or your hands. Both can work, but only one is smart. Always strive to be intelligent in your actions. Try to find the best way and then work it hard. Try these strategies to make your MLM business a huge success: 1. The key is to market, not to prospect. What s the difference? When you prospect, you re approaching a stranger that might not have any interest in what you r
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From Curtis Rose
7 STEPS TO ORGANIZING
YOUR FINANCES
7 Steps to Organizing Your Finances
You might not consider yourself to be an organized person, but your finances are the
last place you want to be disorganized.
Having too little cash at the end of the month is
a challenge, but overdraft fees and late fees every month are an even bigger concern.
By...
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7 STEPS TO ORGANIZING YOUR FINANCES 7 Steps to Organizing Your Finances You might not consider yourself to be an organized person, but your finances are the last place you want to be disorganized. Having too little cash at the end of the month is a challenge, but overdraft fees and late fees every month are an even bigger concern. By getting organized you dramatically cut down on the likelihood of these things happening. Follow these steps and you ll be more organized that you ever thought you could be: 1. Look at your budget every month. Ensure that your budget is accurate. No two months are ever the same, so be sure your budget reflects reality for the upcoming month. For example, electricity bills can be much higher in the summer if you use air conditioning or in the winter if you have the heat turned up. If you don’t have a budget, make one now! There are an unlimited number of resources available to make the job a lot easier. Budgets are critical. Your budget is your key
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From Curtis Rose
BUYING VS.
RENTING
Your Home
Buying vs.
Renting Your Home
Buying or renting a home is a choice that never seems to be settled for certain.
It s
easy to find experts that claim buying is better; it s also easy to find experts that
claim renting is better.
The best idea is to consider all the factors involved and decide
which is best...
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BUYING VS. RENTING Your Home Buying vs. Renting Your Home Buying or renting a home is a choice that never seems to be settled for certain. It s easy to find experts that claim buying is better; it s also easy to find experts that claim renting is better. The best idea is to consider all the factors involved and decide which is best for your own circumstances. Remember that there are other factors to consider besides money; there are personal and emotional considerations as well. We re going to focus on the financial side, but keep those other factors in mind, too. What is Your Financial Situation? Can you afford to purchase a home? A down payment and closing costs are going to cost more than the security deposit and first month s rent on a rental. After the initial costs, you still have to be able to afford to stay. Rental costs tend to be rather fixed. You re not going to have to pay for a new roof or a new furnace. Mortgage payments can be less than rent, but there are the
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From Curtis Rose
Denver, United States
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