Power Wealth Creation NewsletterArchives: WELCOME September 30, 2008 Welcome to the Power Wealth Creation Newsletter This newsletter is designed for regular Power Wealth Creation visitors who want to take the information available on the main site and blog to the next level.  ________________________________________ Thanks for Subscribing. I've witnessed some proud milestones with my wealth creation site, but I never expected a 300% spike in newsletter subscriptions over the past month! That really sparks the creative juices and makes me want to write and publish all day long. It is my view that Power Wealth Creation's new angle on the social barriers to wealth has something to do with the success I am experiencing. The Web has the amazing ability to level the playing field among entrepreneurs from all walks of life, and allows for fortunes to be built without the obstacles of social hierarchy and personal prejudices to hold us back. This is an area of discussion that has gone unexplored by many wealth creation sites as underdeveloped talents gets introduced to a new economy that they can tap into from home. As my subscription list grows, I feel vindicated in my belief that these social barriers need to be exposed and extinguished, and that as we become stronger and more confident in our ability to succeed online, we can use this success as a yardstick for what we can truly accomplish offline. One of the most stimulating parts of my work with Power Wealth Creation is that I can learn new strategies for making money online and in the financial markets, put them to the test myself, and share with you the results. I can be both student and mentor on topics that are ground breaking and ready for exploitation by my readers. This kind of exploration never gets boring! (Keep tuning in - you will find that success right here!) ________________________________________ I've said it before, and it's worth repeating! If you like this newsletter, please do a friend and me a big favor and "pay it forward." Pass this information along to others. They will thank you for it. To do that just email them and say "Hey, you might want to sign up for the Power Wealth Creation Newsletter at http://www.powerwealthcreation.com/wealth-creation-newsletter.html. This site offers an immediate FREE e-book download for new subscribers on how to make money online." If a friend DID forward this to you and if you like what you read, please subscribe by visiting... Power Wealth Creation Newsletter Sign up. Be sure to Whitelist our email address in your email server settings! That will make it easier for you to receive real-time notices of new issues. You can also check the Power Wealth Creation Newsletter Center toward the middle of each month to see if a new issue has been posted there. That way you don't have to rely on an email notice, which may get caught in your spam filter. By the way, existing subscribers: If you want to pick up a copy of the free e-book that I'm offering to the new folks, just contact me using the form at the bottom of this page, and I will email the e-book to you! Thanks and all the best, B. Rene Williams Power Wealth Creation IN THIS ISSUE
What’s New WHAT’S NEW TypePad vs. Wordpress As promised last month, I have fully converted my wealth creation blog to an outside platform that is more interactive and professional. During this transition, I did make one major change I wanted to bring to your attention: I went with TypePad instead of Wordpress. TypePad provides a free platform and hosting service that has made my blog infinitely more functional and interactive than in the past. With TypePad, I can add plug ins and other features that make my blog more attractive to visitors and advertisers. I was aiming for the creation of a blog that is well organized, informative, easy to navigate even as it expands, and visually appealing. Why did I make such a dramatic shift, even after informing my readers of a different plan? Well, like you, I'm learning a lot about the world of blogging as I go along. I really took my time with my business research this month, reading many expert resources on blogging. It all took me back to the same place - the traffic is king. So the blog design was my highest priority effort this month. TypePad made sure that my efforts did not go to waste, providing me with excellent help functionality and easy to navigate building systems. I'm not saying that TypePad is superior for everyone. It was just right for me, at my level of experience and with the goals that I had in mind. Here are some of the differences I found between TypePad and Wordpress:
TypePad's Disadvantages:
All that being said, TypePad and Wordpress are both great systems, and you could always have someone help you develop a blog on either platform (which I am doing through Workaholics4Hire.com, as I discuss in the Next Issue section below). You can't really lose either way, so just make a decision between the two, and launch! I look forward to seeing your blog rocket into the top 100,000 on Alexa along with mine! STOCK MARKET TRADING/PERSONAL FINANCE
Are You Ready for Stocks? Let's face it, the American financial news over the past month has been downright dismal. At the time of this writing, the greatest U.S. bailout package since the Great Depression failed to pass the vote in the House of Representatives, sending the Dow on a one day precipitous dive of 777 points -- the largest drop by number count in history, and the largest percentage drop since the market crash of October 1987.
While initial news of the proposed federal bailout package sparked a rally in stocks last week, I was not surprised that this rally soon withered. In the face of such large corporate failures, a bailout is something like putting lipstick on a pig: in the end, a pig's still a pig. The infusion of cash into a leaky economy is something that savvy investors can see for what it really is - a wholly cosmetic and temporary fix to an economy with deeper flaws. There's no doubt we as individual investors were and are experiencing some sleepless nights. If savvy corporate firms - mainstays of the financial world - can't even navigate these tumultuous financial waters, how in the world can we be expected to? So, what is the salve we might use to sooth our financial jitters? How can we as investors make healthy investment decisions and win the resolve that is necessary to stick to them? Of course, it's hard for us to remain grounded with no crystal ball at our command, no window into what the future holds. The financial news is moving with hurricane-like speed and force, and it's easy to get caught up in the frenzy. Today the market recouped over half of yesterday's losses. That makes me wonder how many of us bailed out on the markets yesterday, only to regret it today as we sat on the sidelines having already booked our losses? Today, Congress is still wrestling with their bailout package, and their struggles on coming to terms with their partisan viewpoints are sure to play themselves tomorrow and for some days to come in the markets. Mark my words, market volatility will be the norm in the next few weeks. You may have been a witness to ebbs and flows like these in the past, or may be facing them now for the first time. You may have heard about the virtues of standing your ground in the midst of this kind of adversity. It's easier said than done, right? So how do you keep from doing what so many others do out of emotion, low tolerance for risk, maybe even necessity? In the midst of such negative news, how do you keep from retreating from the markets?
In one of my recent Power Wealth Creation articles entitled "The History of Stock Market Growth," I mentioned how important it is to think about the stock market as a long term investment vehicle. If you think of stocks, mutual funds and similar investments are a kind of "get rich quick" scheme, you probably will wind up disappointed. Days like yesterday show how many of these investors are out there waiting to rain on our parade. Yesterday was but a snapshot of what happens when people get nervous. Yet, U.S. history has shown that with a well balanced portfolio, your stock market investments are more likely to rise in value than to suffer a decline in the long term. Plans including savings for retirement and college tuition, are likely to benefit from stock market growth in the end. I am certain that you want to participate in market rebounds, ad history shows us that they will occur when you least expect them. There is only one way to participate in the highs of the market to offset the lows - keep yourself from panicking and stay market exposed. Recall from "The History of Stock Market Growth" that in the American markets, only two decades since 1926-1936 have witnessed negative stock market returns (note that the Crash of 1929 ad the Great Depression are included in this analysis). Many who did not panic during periods of steep decline lived to see their lossed reversed and offset by gains. I'll be honest about my own investment strategies. I stand on the fence right now, looking for many ways to invest my money. This is because, as you know, I am passionate about income growth and revenue streams that require my active participation, such as joint ventures and online businesses. I just don't have the time right now to pick stocks, and I don't want to pay hefty advisor fees to someone I don't know who might not do as good a job at picking stocks as I could! But my decision to pull out of the stock market happened when the stock market was high, not low. I know that it is best not to make decisions based on short-term trends or emotion. After all, the principal tenet of stock market investing is "buy low, sell high." When you act in the opposite direction (buy high, sell low, or sell low more often than you sell high), you act contrary to the profit generating machinery that the stock markets is there to provide. You may as well put your money under your mattress, because you will hold onto it longer. And you won't tap into the most rewarding of the stock market's attributes, which is one of the rare sources of long term growth that reliably outpaces inflation. "The History of Stock Market Growth," mentions the rallies of the market over certain decades that succeeded in wiping out even the most frightening losses - for example, the rally from 1948 to 1958 that witnessed a return of 20.1%, and the 16 decades that witnessed average stock market returns of more than 15%. Indeed, the American markets have survived recessions, wars, financial crises, and the collapse of major corporations, and still returned nearly 14% a year on average for the last 30 years according to the S&P 500®. In light of this information, it would be unfortunate to overract to dismal financial news that is just today's (or even yesterday's, since some financial indicators are lagging) assessment of the economy. There are various indicators of economic health that can contradict each other and distort the true economic picture, causing fluctuations based on imperfect information. So what's the moral of the story? The best thing that you can do to avoid feeling panicky on days like September 29th, is to maintain a long-term, disciplined investment approach that takes into account your personal risk tolerance and that considers price fluctuations as a normal function of a liquid market powered and driven by humans who act with both reason and emotion. Focus on diversifying your investments over both income and growth stocks across different asset classes, geographies and investment styles. For some of us, it simply is not practical to try to go out and become masters of stock diversification, what with the many consuming resposibilities facing us as adults. These are just some ideas for stabilizing your emotional outlook on the financial markets and setting your sights on longer term gains by maintaiing a steadfast course. Feel free to visit the Stock Market and Mutual Fund centers for more information and tips on how to invest wisely. ONLINE BUSINESSES
Website Owners and Network Marketers
Building website traffic doesn't have to cost you an arm and a leg. If you've been looking for simple, yet powerful ways to drive more traffic to your website or blog - without spending a lot of money to do it - then this information is going to be very valuable to you. For a limited time, internet marketer Justin Michie is giving away a FREE report that shows you how he generates 100’s of thousands of unique visitors each month and how you can do the same. I've used these techniques to drive traffic to my wealth creation blog, and I'm certain that they will work for you too. Best of all, the eBook is absolutely free to download! For more information, or to download your free copy, please click here. ________________________________________ Special Ending Tonight on Traverus Travel Traverus Travel is running a special until the midnight tonight that can save you 40% or more of the membership sign up fees! Here is a brief summary of Traverus: You may also sign up for $20 as an associate. Associates may sell "Become a Travel Agent" packages, but not travel. Products: Traverus is in the business of providing travel services such as Air Fare, Vacation Packages, Condo Rentals, Cruises, Car Rentals, Hotels, and other travel packages (in business for over 26 years). Dues: There is a $40 (Associate) and $20 (Travel Agent) annual renewal fee. Travel Agents have a monthly fee of $49.95 for website and tools. Commissions: Earn 70% - 90% of the commission from travel bookings, sales, "Become a Travel Agent" packages & more (see presentation for additional residual commission schedule) Additional Perks: Deep discounts on personal travel with your travel agency certification. How do I Build my Traverus Business? Simple. Traverus provides you with a complete website of tools and strategies tailored to its business model. For guidance applicable to all online businesses, start with the Power Wealth Creation Online Business Center for a comprehensive set of effective, winning strategies and lists of expert resources. Feel free to contact the author with your specific questions as you go along. We return messages promptly. Learn More: Here is the link to free Traverus presentations and proposals. ________________________________________ Next issue: Viable Online Businesses: Profile on Wealth Masters International. ________________________________________ Read this before getting started with any online business: Why do people fail with online businesses? Read the FREE eBook The 7 Great Lies of Network Marketing by Ann Sieg, and find out for yourself. Ann is a 20 year network marketing veteran who has dedicated herself to helping people succeed with businesses online. In The 7 Lies, Ann exposes the predatory tactics that you should avoid when investigating network marketing opportunities. Don’t be one of the statistics that contributes to the stigma of network marketing. Keep the industry's reputation strong and make your fortune with it -- by investing the right way. ________________________________________ EBay Auction Business Ideas Here's another free online business resource that will help you learn all you need to know to get started making money online with eBay auctions. "Tens of thousands of people are making a living selling on eBay. Thousands are quitting their jobs and realizing they can earn much more money selling on eBay that they could ever earn working for their boss. Some PowerSellers are selling part time and making over $10,000 per week...I said PART TIME!! How many hours per week are you working? How much money are you making? I bet it's not ten thousand a week! So what do these big money sellers know that you don't? Keep reading." Start learning more about eBay auctions today, with no money down. It's not too late to get into this fast paced online economy and set your finances free with your own profitable home business that takes advantage of a resource you probably use all of the time but took for granted until now... eBay: a cash revenue stream right that's always been right under your nose. ________________________________________ Domain Selling Business Ideas You may not know that I am now involved in the domain flipping business. Take a look at my updated domain sales chart:
People have made hundred of thousands, even millions of dollars, with a single domain name. It's a ridiculously lucrative business, combining the right mix of luck and skill. It's really all in the marketing, and if you haven't seen my domain sales page, you should see how I tapped into some of the most savvy domain flipping ideas in the industry to come up with my business strategies. Take a look at how I got started, and see whether this business may be right for you as well. PLANET WEALTH TRAVEL
A Rambling Travel Log Last month, I mentioned to you that I would be on a road trip in Quebec and the Maritimes with my family for two weeks. I have to say, some people were surprised at my choice of summer travel destination. "What, not the South of France?" "Not Rome, Hong Kong, Costa Rica?!" What's happened to B. Rene? Has he lost his traveler's edge? No, no, not in the slightest! Road trips are a wonderful family bonding experience. In a traveling caravan, everyone gets involved in making the time pass quickly. Conversations, observations, quarrels over which ways to turn and where and when to stop your car - these are memories that become ingrained in the deepest ways over the subsequent months and years. We use one car for road trips, and the other for city driving. The road trip car is by far our favorite! We can be in the city just going for gas or groceries, and the aroma of the car interior when you step inside, automatically triggers the idea of long trips and family togetherness. We just don't want to get out. We want to get on the road! Before you know it, we're planning the next car voyage. And by the way, not to go overboard (I already wrote about this in my blog) - but it's really true: Price Edward Island will make you never want to leave North America again in search of something exotic and lush. I'm not saying I won't be headed for Cannes or Singapore someday soon once again (probably early next year). But I never again feel as if I have to cross the ocean to find someplace idyllic. Anne's Land, the setting of the beloved novel Anne of Green Gables by Lucy Maud Montgomery, is not to be missed by anyone in North America who loves to hit the road with their family. We'll never forget again that there is another Northeast, someplace sheltered beyond the borders of Maine - untouched, friendly and serene. YOUR COMMENTS Power Wealth Creation would love to hear from you. I'd like to get a stronger sense of the demographics of my growing audience, so that I can tailor the newsletter's content to matters you will find enriching to your professional and personal lives. I need your candid feedback! Just fill out the form below with your comments or just to introduce yourself. I promise, I will get back to you promptly. Thanks. NEXT ISSUE In the next edition of the Power Wealth Creation Newsletter, I'm going to discuss my progress with the customization of the blog, and share more FREE online business training and development resources with you. I have to confess, I am paying someone to help me design my blog. Hey, I can't do it all on my own, I have to direct resources where they will do the most good! I am working with a company called Workaholics4Hire.com, whose customers have had great success building lasting and lucrative Web based businesses. They have a unique pay-as-you-so system that allows you to pay your personnel only for the time spent on the discrete projects you design for them. With Workaholics, you are set up with one project manager who farms the work out to technical experts and monitors their progress. It's a great way to keep track of the work that is being done so that you don't overpay. To date, my project manager has already helped me install and customize the Peelaway ads on my blog, and is in the process of setting up a design that is more consistent with those I've seen on the most professional blogs. I'll get there in the weeks to come, and promise to share my adventure and tell you more about Workaholics4Hire.com and how I got along with them! What Would You Like to See in The Next Issue? You know the drill. Fill out the form below with your comments and questions so that I can customize the next issue with you in mind. Thanks in advance. Return from Power Wealth Creation Newsletter to Newsletter Center Please enter the Password. |
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Before yesterday's decline, market volatility over the past month had already reached its highest levels since 2002. Several developments in the financial sector contributed to this volatility: Lehman Brothers filed for Chapter 11 bankruptcy protection, Merrill Lynch agreed to be bought by Bank of America, and the feds seized control of American International Group (AIG).
Then, there is the matter of developing a realistic vision of what you expected to gain from investing in stocks and mutual funds.
We have a tendency to seek shelter (low risk) in bad economic times, which is the very time that the wealthy know they should be looking for speculative opportuities that may fluctuate in the short-term, but pay off later. If you engage in the practice of buying high and selling low (which happens by default when you get into the habit of pulling out of stocks when the market gets shaky), you will defeat the purpose of being invested in the first place. A long-term plan and a calm fortitude is the equipment of the savvy investor.
The author of "eBay Cash: The Definitive Guide to Making Killer Money on eBay" has this to say: