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Gold Today: Gold Constitutional Money. Gold as Wealth Preserver

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Investor extraordinaire Eric Sprott and Dr. Larry Parks are this week’s special guests.  Dr. Parks leads off with a discussion on the U.S. Constitutional framework for gold and silver as money. He discusses how the use of fiat money to replace gold and silver has led to massive financial problems but more importantly to social injustice and untold riches for the banks, who now control our political and economic system. His focus is on how our present fiat monetary system operates to destroy savings, pensions and jobs and what to do about it.

Eric Sprott provides evidence that our financial system is bankrupt and that gold and silver values are heading for the moon relative to increasingly worthless paper money. Eric is even more bullish on silver than gold although he is unwavering in his view that gold prices will rise dramatically in the years to come.  He agrees with Dr. Parks in noting that only a relative few investors have yet purchased gold and silver. As such the bull market in the Precious Metals is still quite young.

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Lawrence Parks is the Executive Director of the Foundation for the Advancement of Monetary Education (FAME). He has broad experience in academia, in business, and in finance and holds a Ph.D. in Operations Research from the Polytechnic University.

Dr. Parks has studied the money issue for more than thirty years. His writings have appeared in Pensions & Investments, The Economist, The Washington Times, The Freeman, The Free Market, American Outlook, The United States Congressional Record, National Review, and others. He is an active member of many civic and social organizations, a member of The United Association for Labor Education, The National Writer’s Union, UAW 1981, AFL-CIO, and he is a frequent speaker on the Fight for Honest Monetary Weights and Measures.

Eric Sprott has accumulated 35 years of experience in the investment industry. Eric started as a research analyst at Merrill Lynch.  In 1981, he founded Sprott Securities (now Cormark Securities Inc.), one of Canada’s largest independently owned securities firms. After establishing Sprott Asset Management Inc. as a separate entity in December 2001, Eric divested his entire ownership of Sprott Securities to its employees.

Eric’s investment abilities are well represented in his track record in managing various funds among which are the Sprott Hedge Fund L.P., Sprott Bull/Bear RSP Fund, Sprott Offshore Funds, Sprott Canadian Equity Fund and Sprott Energy Fund.

Eric was the recipient of the 2006 Ernst & Young Entrepreneur of the Year Award (Financial Services) and the 2006 Ernst & Young Entrepreneur of the Year for Ontario. In 2007 was named Fund Manager of the Year by Investment Executive, a publication for Canadian financial advisors.

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investing in gold,gold quotes-Gold Investor – An online resource for the base metal, precious metal and gold (maybe world) markets. A gateway for research, news, gold spot price data and education for the exploration and mining sector.

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What Constitutes True Wealth? – What to Really Value and Prioritize

In America as well as many other industrialized countries throughout the world, wealth has unfortunately come to be known, for the most part, in a financial sense. This, however, is a great shame because money in actuality is the least meaningful and significant aspect of wealth. There are so many things that are so much more valuable and that provide a much richer understanding of what wealth really is.

For the remainder of this article, I will discuss some of the things I believe constitute true wealth, and suggest some ways to achieve the wealth found in these sources.

Time

Time is perhaps the most significant aspect of wealth. People who have been alive for a long time can attest to this. Their virtually unanimous consensus is that their greatest experiences, highest-quality moments spent with friends and family, and most memorable instances of their lives all far outweigh any amount of money or material possessions they could have ever accumulated.

Yet, looking at the way time is spent in popular culture indicates that this view is not commonly held or understood. When spending overtime and late nights at the office take priority over being home on time to kiss a son or daughter goodnight, it can only be assumed that spending time working to earn money is viewed as more valuable than spending time with one’s children. No matter how hard someone argues that they are doing it for their children, the fact remains unchanged that they are settling for valuing work time over family time.

Further, when people, especially children, prefer to spend their time playing video games, seeing the latest movie releases, or spending time forming superficial and meaningless relationships with people over social networks like Facebook and MySpace, it indicates what sort of value they place on their time.

People

This ties in closely with the value and wealth found in people, since the most valuable way one can spend time is with other people. When you walk outside on a sunny Saturday morning and find no children playing together outside because they’re all indoors, glued to their television sets, it indicates that they have placed a higher value on these activities than with spending time with other kids.

This, of course, is because people are an absolutely incredible source of wealth, and time spent with other people is worth more than gold. Every minute a child spends indoors playing a video game rather than interacting with other children is a minute of potential wealth experience that they have missed out on.

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Of course, that’s not to say that activities done alone are not valuable and full of wealth as well. For example, reading an educational book and even just meditating are incredible sources of true, meaningful wealth, as we will see later. However, any nonproductive moment spent alone rather than engaging in the prosperity of other people is a moment of potential wealth gain lost.

Other People’s Resources and Abilities

There are several reasons people are such incredible sources of wealth. Perhaps the most obvious is that every person alive is a unique, special, and fascinating being who is worth getting to know. There is so much value that’s so often overlooked in simply getting to know people just to learn what makes them who they are.

There’s more, though. Each and every person has amazing resources and abilities to contribute to society and to other people, and these abilities and resources are unique to different people. We would never be capable of doing the incredible things that we do as a society as individuals. For example, let’s take the construction and operation of a hospital. I feel it’s very safe to say that there is no individual who could build a modern-day hospital without other people. Let’s say that individual happens to be an architect, and designs an absolutely incredible blueprint of our imaginary hospital-to-be. This is absolutely great! However, that architect will have a very difficult time wiring up the hospital’s network, configuring its servers, and getting its patient databases rolling so that patients can be checked in and out. But, just to be fair, let’s say they’re also a builder, and IT specialist, and just an all-around do-it-yourselfer, and manage to build the whole hospital and get its computer system up and running as well. Whew! Now our only problem is the guy who just got wheeled in because he’s having a stroke.

The alternate picture, of course, would be that our architect understood the value of other people. He or she partnered with builders, doctors, IT professionals, and a bunch of people all with unique abilities and skill sets.

At this point, there should be no question in your mind regarding which hospital you would rather visit, because you see the incredible wealth found in people working together.

There is incredible power in knowing people with a ranging set of skills and abilities. When needs arise, it is very powerful to know someone trustworthy and knowledgeable who can meet those needs properly. Ironically, it can also save you money. That’s why other people are an incredible source of wealth. So form networks, get to know as many people as you can, and unleash the wealth of other people.

Life Experience

Life experience is an extremely valuable asset, as it shapes how a person reacts and makes decisions in the future. Essentially, it is a form of knowledge based on how things work or have worked in the past. And, of course, knowing that certain situations and factors result in certain things allows people to predict outcomes and therefore determines how they deal with future situations.

Of course, life experience can also be shared between other people you know, thus demonstrating even further the wealth found in other people. It also enables people to mentor others and help them make better decisions.

Knowledge in General

In general, the more you know (and the more your network of people know), the more equipped you are for life. Every fact you can learn has some sort of benefit somewhere. In that case, never stop learning. Seek to understand as much as you can, and never stop pushing your mind to its limits. It will always pay out in the end, even if you never end up on Jeopardy.

Personal Time

Lastly, there is incredible value in personal “alone” time. This is one of the sources of wealth that is ignored the most. Spending personal time gives the mind a chance to process all of the things being run through it, such as pending decisions, past events, and unchecked emotions. It often leaves people refreshed, energized, and more capable of facing everything that’s going on in their lives.

Hopefully this list has helped provoke some thoughts about what you believe constitutes wealth and what your highest values are. It’s only after we really understand what wealth really is that we are able to be truly wealthy. And, it’s not really possible to feel wealthy unless you know what that really means. So, here’s wishing that these past few thoughts will help you to feel a bit richer with every new day.

Chris DeMarco writes on a variety of real-life topics from life and spirituality to computers and technology. He is an internet and technology specialist from Michigan where he owns a computer and web service company. He is also the author of several popular blogs including his blog on life, society, spirituality, and tech, where you can find this and other great articles, as well as his consumer reports and product review blog. To learn more, visit him on The “C” Branch.

View this article in its original source at http://www.thecbranch.com/2009/03/31/what-constitutes-true-wealth

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Northwood Family Office CEO Outlines Why Canada is a Premier Destination for Wealthy Families Looking to Protect and Build Family Wealth

Northwood Family Office CEO Outlines Why Canada is a Premier Destination for Wealthy Families Looking to Protect and Build Family Wealth











(PRWEB) October 20, 2010

Wealthy global families are becoming increasingly aware of their need for a well thought-out citizenship and residency strategy to protect their wealth and to safeguard their freedom of movement. Those who have begun to examine this complex subject will have found the problem is not a lack of options. Rather, it is identifying the right ones and, probably more importantly, avoiding the wrong ones.

Canada is one of the world’s best kept secrets. Canada provides a safe and surprisingly tax-efficient alternative to many of the more well-known citizenships that the wealthy can consider acquiring. It hasn’t always shown up on the list of potential countries for wealthy families looking for additional citizenships or residences. The reason is its (partly unfair) reputation as a high-tax and chilly-weather destination as well as the perception that better alternatives might be available.

But things have changed and so have the perceptions. Canada is now recognized as a much more attractive destination for wealthy families, particularly from a tax efficiency and ease of immigration perspective. At the same time, the relative attractiveness of other destinations (such as the US, UK, Switzerland, and Caribbean tax havens) has waned, for well-publicised reasons.

Mr. McCullough explains: “For the first time in many years, a confluence of factors is causing many wealthy families to add Canada to the list of countries they are evaluating as part of their citizenship and residency strategy. Canada rates at or near the top of virtually all the global ‘livability’ studies, based on the attractive culture, environment, education, healthcare and stable democratic government. A Canadian passport is at or near the top of the world passport pyramid as measured by flexibility and mobility (when it is needed most). And finally, Canada offers a surprisingly-attractive tax regime for high net worth immigrants, while housing a world-class professional services and financial infrastructure.”

Family Office Global (FOG) magazine is a quarterly publication of the Global Partnership of Family Offices. Global Partnership is a unique and focused private networking group, dedicated to delivering exclusive services and information to international single and multi-family offices.

To read the full article, visit: http://www.northwoodfamilyoffice.com/pdf/Canada_the_Switzerland_of_North_America.pdf

Northwood Family Office, headquartered in Toronto, is a multi-family office which serves the comprehensive needs of wealthy global families. For more information on Northwood Family Office, visit:

http://www.northwoodfamilyoffice.com

To find out whether or not a family office might be right for you, take the Self-Assessment Quiz at:

http://northwoodfamilyoffice.com/quiz.asp

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Wealth and Success Aside from the Corporate Ladder

Many people fall into depression because no matter how hard they work and no matter how much time they spend in the office, they are still far from being successful. While many see their jobs as a means of finding personal expression and fulfillment, majority of people define their success in terms of money. They try to put up with the endless loads of work, impossible deadlines, and work pressures — yet doing all these have not brought them closer to financial security. To make matters worse, many successful executives and highly driven young professionals find themselves sick and tired all the time. The enormous toll on the their health had made their job seem like a curse instead of blessing. It is no wonder that millions of dollars are spent on health care each year due to stress and other work-related anxieties. The uncontrolled drive for success had brought not a few people to the emergency room or to the hospital to get both medical and psychiatric care.

In America, millions of people work at least 40 to 60 hours a week. They do so because their success beliefs are anchored on the following premises:
Get good grades in school in order to get a good job.

Find a job in a large company or corporation.
Work hard in the office in order to get recognition and a promotion, which entails getting a high salary.
Get the children through school and have enough retirement and pension money.
This formula for success has been tried by millions yet not everyone gets to achieve their goals, at least in financial terms. In fact, some success finance and success gurus question the wisdom of the said formula. They think that there are other ways to attain success without the stress and anxiety of climbing the corporate ladder.
One such guru who questions the effectiveness of the traditional approach is named Robert Kiyosaki. He is an investor, businessman, author, and motivational speaker. He is best known for his book entitled Rich Dad, Poor Dad. In his book, he tackles the two different set of advices he received from his “rich dad” and “poor dad.” According to Kiyosaki, his “poor dad” was a smart and highly educated individual, who, nevertheless, failed to succeed financially. He said that his “rich dad” was not academically inclined but was very street-smart and financially adept. In his book, he also discusses the depression, stress, and anxiety that are encountered by many people who thought that their education and jobs would automatically guarantee financial success.

Kiyosaki said that one of the most important questions that his “rich dad” asked him is: “Why do you work so hard for something you’ll never own or can never pass on to your children?” That question, said Kiyosaki, somehow leads one to think that having a stable job may not be the key to financial success after all.
Kiyosaki also writes about a concept which he calls the ‘Cashflow Quadrant.” The Cashflow Quadrant, according to Kiyosaki, spells out how money or wealth is generated by different types of people. To better understand the concept, picture a simple cross on a blank sheet of paper. On the top left quadrant, write a letter ‘E” which stands for Employee. On the lower left quadrant, write a letter “S” which stands for the Small Business Owner or Self-Employed. On the upper right quadrant, write the letter “B” to mean Big Business. And on the lower right quadrant, right the letter “I” which stands for Investor. Kiyosaki says that many “E” people are resource-oriented in terms of their approach to work and their lives as well. To succeed, these people rely on their current resources: their academic degrees, cash on hand, the secure job, physical health, etc. According to Kiyosaki, employees usually have this mindset. The “S” people, on the other hand, are able to generate their own income by having their own business. But according to Kiyosaki, the “E” and “S” people rarely succeed enough to have real wealth that would allow them to retire comfortably. These people are able to retire with some money but only after decades of hard work. Kiyosaki argues that being in these quadrants is not the best option since an employee can lose a job and his health which would then prevent him from doing his job. Small businessmen can encounter severe changes in the market that affects profit; or one’s own company can fall into bankruptcy.

In contrast, the people who belong to Big Business (“B”) and the Investors (“I”) are the ones who can really gain wealth. Where lies the difference? Big Business and investors achieve financial success because they are able to harness the expertise of other people. Unlike the self-employed or small business owners, the members of the “B” and “I” quadrants do not do all the work by themselves. They let the experts do the work based on their desired objectives or financial goals. Unlike people from the “E” and “S” quadrants who “work hard for the money,” the “B” and “I” people let their money work for them. In his books, Kiyosaki cites some financial instruments, strategies, and anecdotes on how people can make their money work for them. He discusses this concept using the term “active income vs. passive income.” The main point of his financial advice is that people should learn how to invest their money on assets such as real estate property that can be rented out so that they would have regular income even without working. He also mentions that since the value of the property depreciates, the amount of tax to be paid also decreases and does not pose any financial difficulty on the part of the investor in the long-term. Kiyosaki says that financial literacy and having the right mindset are important in order for people to know how they can choose the best path towards financial freedom. While Kiyosaki’s books do not exactly show the step-by-step approach to financial success, he does provide very good motivational thoughts on how to avoid financial self-destruction. He focuses on improving one’s mindset which includes moving from being resource-oriented to being opportunity-oriented. In a typical financial counseling session, Robert Kiyosaki would usually say that:

“The size of your success is measured by the strength of your desire…the size of your dream…and how you handle disappointment along the way.”

Indeed, the ability to handle disappointments is essential to one’s emotional stability and physical health. Having the right mindset when it comes to finances and to life itself is the key to real success. After all, financial success without health is simply a bad deal.

Attention: Property investment can seriously improve your wealth (Part 3)

When you are looking to make money, the old adage holds true: “Buy low, Sell high”. In other words, “You make your money when you buy, not when you sell”.

This is a fundamental concept that you must grasp in order to be a successful property investor. You must always buy your real estate for a low price, never for the full market value. Never forget this simple yet crucial rule and you’ll always make money. You may think that is all well and good but wonder how to go about doing it.

 

Well the great thing about real estate is that it has no absolute, set price. No one can say for definite what a piece of real estate is worth because valuation is an art not a science. Contrary to a popular misconception, estate agents don’t dictate the price of real estate. When you arrange a valuation with an agent, they’re just giving their best guess as to what they think people will be prepared to pay for it. The true value is whatever someone is actually willing to pay for it. For example, someone with an emotional attachment to a property might be willing to pay lots more for it than everybody else. In contrast, an investor might only be willing to pay less than other people would pay for it. Do you see what I’m getting at? The value of any given piece of real estate is very much an unknown quantity until the point of purchase. Different groups of people, for their own individual reasons, will value any given property differently.

 

So the emotionally driven buyer might pay, for example, £50,000 more than the majority of people are prepared to pay, in order to secure it for himself. Consider an analogy with an art lover at an art auction.

Fortunately for us, it’s not only vendors who can benefit from the fact that property values are not absolute. Indeed, vendors are human and can be emotional too. Therefore they might sell their property for less than it is generally considered to be worth. There are many reasons for this which I will discuss in other articles. Wouldn’t you like to be the lucky buyer who snaps up that cheap property? I certainly would.

 

You should never buy property from anyone who is not motivated to sell to you at a discount. If you ignore this advice and buy at full market value you will run out of money very quickly and find it difficult to make a profit. If you don’t know how to find these emotional vendors and their great deals you should use the web to get some free property investment education.

 

So, when you find a great deal, how are you going to finance it? If you were buying equities, you would have to use your own money. No bank will lend you mortgage money to buy equities because they know how volatile the market can be. No. They are happy for you to take that risk alone. In contrast, when you want to buy land, houses or apartments, you can do so using the power of a mortgage. You borrow and use “other people’s money” i.e. the bank’s, to buy an asset that will make you money forever more! Amazing!

 

You see, they know that real estate is a safe, reliable investment and that as time goes by their investment grows ever safer. From their point of view, if things go sour they can sell your asset for a lot more money and get their mortgage money back. Banks aren’t stupid. They demonstrate their faith in the property market to the public every day by lending on property purchases. We’ve all heard the expression “as safe as house”, right? If the banks class property as a safe investment, shouldn’t that tell you something? Now don’t get talking about the credit crunch and all the trouble that banks are in. That is nothing to do with them lending money to responsible people like you and I to buy safe, solid investment properties. They made mistakes in other areas of their business but we’re not going to get into a discussion about the credit crunch and overpaid bankers. Let’s get back to the magic of real estate.

 

Compare buying real estate with equities (shares, bonds etc). There is a fixed market price for those assets and if you want them you must pay full price just like everyone else. There are brokers fees to pay and tax on any profits with no breaks available from the tax man. Your values of your equities are probably volatile and could rapidly decrease in value. You can probably only hope to hold a very small percentage of the total number of shares on the market. With such a small voice you have no realistic, practical say on the running of the company that you have invested in so you can’t influence the value of your investment.  Compare this to property investment, with the ability to buy below market value, add value and the many generous tax breaks available. Surely the evidence is weighing up in favour of property investment vs stocks and shares.

 

So I hope that you understand why real estate is such a good investment in comparison to some of the other choices out there. You probably want to learn how to use mortgages like the pros to finance your next investment. You probably want to learn how you can become rich in real estate. If so, I recommend that you look at the next article in this series and hope that you find it useful.

Dr Bradley Tomkins is an enthusiastic property investor and webmaster at WWW.PROPERTYINVESTMENTEDUCATION.COM
His comprehensive website is dedicated to providing a wealth of FREE articles and educational resources for the new or experienced property investor. He writes a FREE educational newsletter on a wide variety of property investment topics, which you can subscribe to.
You can get everything you need to become successful in the world of real estate investing FOR FREE at WWW.PROPERTYINVESTMENTEDUCATION.COM.

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FreedomWorks Vice-President of Strategy, Kent Lassman and Ken Hogland from Americans for Fair Taxation discuss the feasibility of 2008 Presidential Candidate Senator Fred Thompson’s Flat Tax proposal on Fox Business.
Video Rating: 4 / 5

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My Wealth & Freedom :: Convert Your Newbies/Opp Seekers into Buyers!

How to achieve true Wealth & Freedom once and for all! High Conversions & Excellent Epc. Includes $77 Upsell! Get your Free Tools (e-mail swipes, banners, articles) here: http://budurl.com/myaf7
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Citizenship for Wealth Management, Citizenship for Tax Planning, Citizenship for tax reduction

Dual citizenship and dual nationality is your safeguard against unknown misfortunes. Dominica dual citizenship is your getaway from excessive taxation. Dual citizenship and dual nationality is a key to preserve your confidentiality.
Significant part of our citizenship clients who subsequently want to change the normal residency are wealthy individuals (mainly Americans, Western Europeans or citizens of other high tax countries), who want to save on their tax payments, obtain citizenship for tax planning or citizenship for tax reduction enhance their privacy and confidentiality of their affairs and enjoy the good weather and climate all year round at the same time. It could be retired people or businessmen who have sufficient funds to leave of their income, or those who can work away from the original country of residence. These people are interested in residing in Monaco, Switzerland, Andorra, Bermuda, Cayman Islands, Bahamas and other Caribbean countries.
There is another category of our clients, which is increasing fast. They are wealthy businessmen or professional people from not so prosperous countries, like the former Soviet Union, China and the Eastern Europe countries. These people need a dual citizenship to establish a new permanent residence in the counties of the European Union. They need second citizenship for residence in England, residence in United Kingdom, residence in European Union and residence in United States.
Second passport and Dominica citizenship is the key to preserve your wealth. There are no capital gains, gift, wealth and inheritance taxes.
Every country has its own citizenship rules. Some countries welcome individuals with nationalized ancestors; others give passports to those of a certain religion and some for simply buying real estate, or through so called ‘Economic Citizenship Investment Programs’. The rules and the opportunities are endless. Though the easiest and quickest! way to secure citizenship is through simple purchase of citizenship.
Economic Citizenship in Dominica
On February 1, 2000 the Labor Party narrowly won parliamentary elections in Dominica and formed a coalition with the Freedom Party. Almost 10 years ago, the Freedom Party had introduced the first economic citizenship program. The new government is committed to continue it while reviewing and improving certain options.
Dominica has the most successful economic citizenship program still in operation.
Since 1991, more than 600 families have received Dominica citizenship. The program has been reviewed several times since its inception. Although there have been some irregularities in the past, the program is well established because of its long and largely unproblematic operation.
There is no doubt that Dominica has unmatched expertise and experience in handling one of the world’s most successful citizenship programs. It is well administered, based on clear and established procedures, and all applicants are thoroughly screened and interviewed. With the new government committed to high standards, Dominica definitely continues to be one of the best choices for economic citizenship.

Second Citizenship Ltd. provides professional and efficient services for obtaining second nationality in Dominica. Obtaining second passport for Dominica is helpful for Caribbean citizenship, European Union citizenship, American citizenship, US Citizenship, Foreign citizenship, foreign passport. Offers you the services to purchase Dominican nationality, dual nationality, multiple nationalities, second citizenship in Dominica will help you for visa free travel to England, United Kingdom and to Switzerland. SEO services provided by Jigney Bhachech, CEO Opal Infotech, India.

Wealth Creation Opportunities Vs. Financial Crisis

Yes, a lot has changed since the 1980s and their “Get Rich Now!” ideology.  Now, whenever you consider wealth creation opportunities, you also have to consider how this great business will be affected by the country’s recession.  Nowadays, there are also far more scams to beware of, because of the prevalence of anonymous Internet technology.

Wealth creation does not merely require a great idea, one that’s bound to make you rich overnight.  On the other hand, it takes patience and planning to actually build wealth over a period of time.  The higher your income is, the more you should devote to savings.  The income that you assume will be there every week may decrease unexpectedly.  Therefore, the true secret to building wealth is to create a personal financial plan that will organize your income, expenses and project a positive cash flow over time.  

Wealth creation might also involve you becoming more independent than the average American worker.  For example, consider the option of offshore accounts.  The average American worker stores his or her money in a bank, a bank that is still subject to U.S. federal and state law, a bank that could still easily go out of business like Washington Mutual.  This clearly illustrates an advantage for you, the independent thinker, and the master strategist intent on becoming wealthy.

An offshore account has complete freedom from the United States government.  You have total privacy over the account and the total freedom of independence.  You work with a corporation not your own home country.  Obviously, this doesn’t entitle you to hide any income you made courtesy of the U.S. government.  However it can protect you from certain taxes as well as further financial crisis.  Investing in offshore accounts also opens up further opportunity from sources that are not available domestically.

This is what you might call true independence, independence from your own country.  With dual citizenship, a process that’s complicated but not very expensive or demanding for the most part, you could even diversify your income from various sources.  These are tips in wealth creation that the average American self-made millionaire will probably not share with you.  There’s plenty to love about America…but hey, there’s also plenty to love about money.  Sometimes business is business, and an offshore account makes good business sense.

If you’re interested in learning how to build wealth, keep it and live the life you’ve always dreamed of, then ByeByeBigBrother.com is the place to start. Learn perfectly legal tactics to protecting what you’ve got and become “Happy, Healthy, Sexy & Wealthy!” Visit ByeByeBigBrother.com to learn more today.

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