Tips For Saving Money

There is No Place Like Home

– When we stay at home, we get rid of the need to spend for fare or gas and other transport costs.
– By staying at home, we do not get tempted to buy something just based on impulse or things we don't really require.
– By staying at home, we avoid accidents and other unfortunate events which could lead us to spend more.
– Staying at home allows us to focus on more important things or do some thinking instead of pointless time spent outside.
– Staying at home allows us not only the ability to save but also to spend precious time with our family.
– Watch movies that are available on the television instead of going out to see it at movie houses.
– To prevent overspending during family outings, it is best to have family activities and dinners at home.
– Cook favorite meals or snacks at home as they are cleaner and everyone can have second helpings and they are a lot cheaper than dining out.
– Arrange kids's activities at home like games or watching your favorite movies as this will lessen spending gas on the car when going out and will improve the bonding with each family member.

Successful and Inspiring Life Story Elon Mask

Who is Elon Musk?

Ranked 34th Richest in America and 38th most Powerful in the world –– Elon Musk is the founder of SpaceX, chief product architect of Tesla Motors, chairman of SolarCity, and co-founder of PayPal, and overall – an entrepreneur, business magnate, investor, engineer and inventor.

As of June 2016, he has an estimated t be of net worth of $11.5 Billion, making him the 83^rd wealthiest person in the world.

He is known to be the second entrepreneur in the Silicon Valley (first: James Clark) who has managed to create three companies that have a market capitalization of more than $1 billion – PayPal, SpaceX, and Tesla Motors.

He is one of the few people that believes in investing in projects that hold the potential of change our world. As a matter of fact, Elon personally participates in the designing of electric cars and spaceships at his companies.

Elon has also designed the goals of SolarCity, Tesla Motors, and SpaceX that revolve around his vision to change the world and humanity. His goals include reducing global warming by use of sustainable energy production and consumption, and reducing the risk of human extinction by making life multi-planetary, by setting up a human colony on Mars.

Talking about philanthropy –– he runs an organization called Musk Foundation, to fulfill his philanthropic efforts on providing solar-power energy systems in disaster areas.

• It collaborated with SolarCity to donate a 25-kW solar power system to the South Bay Community Alliance’s (SBCA) hurricane response centre in Coden (Alabama) (2010).

• Donated $250,000 towards a solar power project in Sōma (Japan) that had been recently devastated by tsunami (July 2011).

• Donated $1 million towards the construction of the Tesla Science Center at Wardenclyffe and also pledged to build a Tesla Supercharger in the museum car park, to cartoonist Matthew Inman and the great-nephew of Nikola Tesla – William Terbo (July 2014).

• Donated $10 million to the Future of Life Institute to run a global research program aimed at keeping artificial intelligence beneficial to humanity (January 2015).

• Trustee of the X Prize Foundation and a signatory of The Giving Pledge (2015)

His family includes his parents, Maye (mother), Errol (father), Tosca (sister), and Kimbal Musk (brother). He has been married twice, and has two wives and six children.

What was growing up as Elon Musk like?

Every biography of famous people usually contains key episodes from their lives that lead them to an overwhelming success. Elon has his share of stories as well!

Elon was born on the 28^th of June 1971 in South Africa, to a model and dietician mother and an electromechanical engineer father.

After his parents divorced in 1980, Elon lived mostly with his father. During that phase, he developed an interest in computing with the Commodore VIC-20.

He self learned computer programming and used to sell the code for a video game he had created called Blastar for $500, to a magazine called PC and Office Technology.

Throughout his childhood, Elon was severely bullied and was even hospitalized when was thrown down a flight of stairs and then beaten until he blacked out.

After graduating from a secondary school in Pretoria, Elon left his home, and migrated to the United States. Without the support of his parents! Although, he didn’t get into the United States right away!

He first moved to Canada to the relatives of his mother in 1989 and attained a Canadian citizenship and moved to Montreal. He began with low paid jobs and somehow survived at the brink of poverty. At the age of 19, he moved to Queens University (Ontario).

Elon Musk studied for two years in Ontario and then, finally, got the opportunity to relocate to the United States in 1992. He had received a scholarship from The University of Pennsylvania: Penn.

He went on to complete his Bachelor of Science degree in Physics and then also went on to achieve a degree in Economics from The Wharton School.

In 1995, Elon finally moved to Stanford University in California to attain a PhD in applied physics and materials science but left the program after two days to pursue his entrepreneurial aspirations in the areas of the Internet, renewable energy and outer space.

And that’s where it all began!

Journey to becoming the Elon Musk we know…

After dropping out of Stanford, Elon and his brother Kimbal borrowed $28,000 from their father and launched a software company called Zip2 in 1995.

The Internet was beginning to expand by manifolds, and newspapers were trying to figure out how they could make the best use of the new medium.

That is when the Musks decided to help the newspaper publishers and developed an online city guide for them. Soon, the company also won contracts from major players in the industry, including The New York Times and the Chicago Tribune, and even persuaded the board of directors to abandon plans for a merger with CitySearch.

Eventually, in February 1999 the Musks sold Zip2 to Compaq for $307 million in cash and $34 million in stock options. Elon received $22 million for his 7% stake from the sale.

Soon after the sale, using $10 million from the sale of Zip2, Elon co-founded another venture called X.com!

X.com was an online financial services and e-mail payment company, which got merged in about a year with Confinity – that had a money transfer service called PayPal.

The merged company mainly focused on the PayPal service. Its early growth was driven mainly by a viral marketing campaign where new customers were recruited when they received money through the service.

In October 2000, Elon was overthrown from his role as CEO (although he remained on the board). This was due to the disagreements with other company leadership over his desire to move PayPal’s Unix-based infrastructure to Microsoft Windows.

All of this happened in the late 2000, when Elon took his first vacation in a long time. While he was on the flight, which was still in the air en route to Australia, is when the PayPal’s board fired him and made Peter Thiel the new CEO.

The merged entity was eventually renamed to PayPal in 2001 as well!

And then in October 2002, PayPal was sold to eBay for $1.5 Billion in stock, of which Elon, who was the largest shareholder, received US$165 million for his 11.7% stake.

But Pay Pal was not the end of the road for Musk; on the contrary, it was merely the beginning of far more ambitious projects. One being – Space exploration! Elon always wanted to make, sending people to different planets, possible.

And, in 2001, he decided to fulfil it as well. Elon began by conceptualizing a project to land a miniature experimental greenhouse on Mars, that would contain food crops growing on Martian regolith called –– “Mars Oasis”.

He even travelled to Moscow along with Jim Cantrell (an aerospace supplies fixer), and Adeo Ressi (his best friend from college), to buy refurbished ICBMs (Inter Continental Ballistic Missiles) that could send the envisioned payloads into space in 2001, and also met with companies such as NPO Lavochkin and Kosmotras, too.

But, to their luck – Elon was seen as a novice and was denied of the requirement, and the group returned empty-handed.

Not ready to give up, the group returned back to Russia bringing along Mike Griffin in February 2002. Mike had worked for the CIA’s venture capital arm – In-Q-Tel; NASA’s Jet Propulsion Laboratory; and was just leaving Orbital Sciences (a maker of satellites and spacecraft).

This time they went on a hunt for three ICBMs and even met with Kosmotras, but since they were offered a very expensive price of $8 Million, Elon stormed out of the meeting and returned back.

While on his flight back, Elon realised that he could start a company that could build the affordable rockets he needed. Upon calculation, he noticed that the raw materials for building a rocket actually costed for only 3% of the sales price of a rocket at the time.

And by applying vertical integration and the modular approach from software engineering, they could cut the launch price to one-tenth of its original value and still enjoy a 70% gross margin.

Ultimately, with $100 million from his early fortune, in June 2002, Elon ended up founding Space Exploration Technologies, or SpaceX.

He was the CEO and CTO of the California-based company, which aimed to develop and manufacture space launch vehicles with a focus on advancing the state of rocket technology.

Since its initiation, the company has gone on to create a lot of news, for several of its accomplishments. Their first two launch vehicles (Falcon 1 and Falcon 9 rockets), and their first spacecraft (Dragon), became the 1^st two privately funded liquid-fuelled vehicles to put a satellite into Earth orbit.

In seven years, SpaceX has also gone on to design a family of Falcon launch vehicles and the Dragon multipurpose spacecraft, which has also berthed with the ISS (International Space Station).

Furthermore, in 2006, SpaceX also received a contract from NASA to continue with the development and test of the SpaceX Falcon 9 launch vehicle and Dragon spacecraft in order to transport cargo to the International Space Station.

This was followed by a $1.6 Billion NASA Commercial Resupply Services program contract for 12 flights of its Falcon 9 rocket and Dragon spacecraft to the Space Station that would replace the US Space Shuttle after it retired in 2011.

Over the period of time – SpaceX has grown on to become the, both the largest private producer of rocket motors in the world, and holder of the record for highest thrust-to-weight ratio for any known rocket motor.

Presently, Elon is now working on the first unmanned flight of the larger Mars Colonial Transporter (MCT) spacecraft that is aimed for departure to the red planet in 2022. This will be followed by the first manned MCT Mars flight in 2024. He wants to colonize Mars!

Moving on!

In 2003, Martin Eberhard and Marc Tarpenning had incorporated Tesla Motors, and had started with their own funds until the Series-A round of funding.

Both men played active roles in the company’s early development. In February 2004, their raised their Series-A round of funding from Elon Musk, which led to the integrating of Elon on Tesla’s board as its chairman.

Although, Elon wasn’t involved in the day-to-day business operations of the company, he still had an active role within the company and oversaw Roadster product design at a detailed level.

It was only in 2008, after the financial crisis that he assumed the position of the CEO and product architect, under whom, Tesla Motors built an electric sports car – the Tesla Roadster in 2008, which accounted for sales of about 2,500 vehicles to 31 countries.

In 2010, Tesla Motors became the second car-manufacturing company (after Ford) in the US history to launch their initial public offering (IPO). Despite being unprofitable for 10 years, Tesla got listed on NASDAQ with $17 per stock and attracted more than $225 million of investments as well.

Since then, the company has gone on to develop several models, including – their four-door Model S sedan, the Model X, the Model X, electric powertrain systems for Daimler for the Smart EV, Mercedes B-Class Electric Drive and Mercedes A Class, and to Toyota for the RAV4 EV.

As of January 29, 2016, Musk owns about 28.9 million Tesla shares (about 22% of the company), and takes home an annual salary of $1, and similar to Steve Jobs and Mark Zuckerberg, the remainder of his compensation is in the form of stock and performance-based bonuses.

Other Ventures…

Other than these – Elon also owns or has invested in several other ventures as well.

To begin with – given that he wanted to help combat global warming, Elon had invested in SolarCity, which was co-founded in 2006 by his cousins Lyndon and Peter Rive. Today, he is the largest shareholder of SolarCity that has also become the second largest provider of solar power systems in the United States.

In 2013, Elon had unveiled a concept for a high-speed transportation system, called – Hyperloop. It would integrate reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by linear induction motors and air compressors. Basically, transporting people from one place to another in high-speed compact capsules!

The conceptual foundations and designs for the transportation system has already been made and approved by a dozen of engineers from Tesla Motors and SpaceX. And an early design for the system has also been published in a whitepaper posted to the Tesla and SpaceX blogs as well. The total cost of Los Angeles-to-San Francisco Hyperloop system is being estimated at $6 Billion.

Recently, in December 2015, Elon Musk has also announced the creation of OpenAI, a not-for-profit artificial intelligence (AI) research company. It aims to develop artificial general intelligence that is safe and beneficial to humanity.

It wants to make AI available to everyone, and reduce the power from the corporations who own super-intelligence systems devoted to profits, as well as governments which may use AI to gain power and even oppress the people.

Overall – since the beginning, Elon has made a total of 20 investments that include – NeuroVigil, Vicarious, SolarCity, Stripe, Tesla Motors, OneRiot, Mahalo, SpaceX, Game Trust, Everdream, and PayPal.

And lastly, during his journey – the most important and valuable lesson that he has learned and still follows is that….

 “The most difficult thing in life will be to come up with the right questions!”

 * Elon Musk 

How to Create a Website and Earn Money

Two Methods:

1. Create A Website 
2. Start Advertising and PromotionCommunity Q&A

Creating a website can be lots of fun. If you do it properly, you can even use it to earn money. This blog will teach you not only how to create a website, but also how to earn money off of it.

Method 1. Create A Website 

1. Define your goal. 

In order to attract any investors (in the form of advertisers) you must have a place for them to sell their wares. Attracting advertisers must be your primary goal, as that is what will make your financial aspirations a success.

• Know what advertisers or ad placement algorithms are looking for in an advertising venue (i.e., your website): generally, it's potential buyers with disposable income who visit your site in significant numbers, and would be interested in products that are closely related to the content on your site.
• What you want in a site, then, is to attract—and keep—a lot of visitors. The longer they stay, the more likely it is that they will eventually leave your site by clicking not on the back button, but on your advertiser's links.

2. Find a market. 

To generate the most traffic, and thus the most revenue, be selective in your target market. While every demographic has its strong points and weak points, studies have shown that younger people are generally more optimistic and more adventurous—and thus likely to click on an advertisement more readily.

•  Keep in mind that the goal is clicks, not sales: that's what generates your revenue. Once the visitor has clicked out of your site, it's up to the merchant to make the sale. You get paid, regardless of the outcome. 

• Search the web for trends and ideas for websites, and include the year in your search so that you avoid wasting search results on what was hot in 2006. For example, searching Google for "website ideas 2012" returned nearly a billion results. From there, it's just a matter of combing through to find ideas that pique your interest.

3. Secure a domain. 

In the halcyon days of the early 21st century, you could create a business name, and find a domain to match. These days, it's virtually impossible. However, you can be creative with hyphenated names. While "geeks.com" (and .net, .org, even .xxx) is taken, trying something like "website-4-g33ks" instead.

•  One good way to proceed is to secure a ".com" domain, find a host (many domain registrars will also host sites), and build your own site. This has the advantage of being the most flexible in terms of design and installation of custom code.
• Alternately, you can sign up with a service such as Blogger, from Google, or Wordpress—both of which will not only let you put your site name in front of their service name (e.g., geeks.wordpress.com), they will give you that and a website for free. The advantage, aside from that, is that Blogger and Wordpress give you a great number of really well-designed templates to make your site look visually awesome. The downside is that generally takes having a "pro" version (i.e., paid for) before you can do any serious customizing.

4. Build your site.

Using the templates provided, or a site of your own design (or from a designer), put together your website. What you do will be based almost entirely on the market you are attempting to reach. Again, though, whether you are ultimately offering a personal service, like "Cleavon's Auto Repair Site," or a total web-centric site like "Sara's Mouth-Watering Recipes," the goal is to keep people on your site. That means content is king—same as it ever was.

• If you're offering a service, your site could have content specific to your specialty. Cleavon, for example, might have some basic articles on changing oil, fixing a flat, or a FAQ about all those little sounds a car might make. Sarah could feature, along with recipes, information such as weight and measure conversion, the differences between types of flours, and anecdotal tales of kitchen disasters and successes. In both cases, going beyond the basic service provided gives visitors a reason to stick around—and click on ads!

5. Keep it fresh.

Don't post one or two articles and call it a day. Remember that this is your income stream we're talking about developing, so think of it as your job—part time or full time, you have to devote some time to it every day if you want to see the paychecks come rolling in.

•  The more you write, the more interest your site will hold. The more interest your site holds, the more people will follow it. and more importantly, the more relevant your site will appear to the ad placement algorithms. More ads = more clicks = more money. Never lose sight of that goal.

____________________o_O_o___________________

Method 2. Start Advertising and  Promotion

1. Sign up for Google AdSense

 

AdSense will place ads for goods and services that are relevant to your site's visitors, based on the content of your site. You get paid every time an ad appears on your site, or an ad is clicked on.

• You get paid a very small amount for each impression (view) or click. Therefore, the more traffic you generate, the more clicks and impressions you will have, and the more money you will receive.  

2. Promote your site.

Every time you post, every time you make a change, every time you change a period to an exclamation mark or correct "teh" to "the," let the world know via Twitter, Facebook, Tumblr, LinkedIn, and all the rest of the social media world. The key is to spread the word. 

• Have accounts on all of the above, and make sure you have prominent links to your website on all of them. 

• Start an email campaign as well. Once a week, publish a "best of my site" HTML email—frequent enough that people enjoy the content, but not so much that it becomes spammy.

 3. Pay attention to your metrics.

Find which ads work best, and do more ads and pages like those.

• By continually refining your process, each visit will be a higher value for revenue generation. Always remember: the longer they stay, the bigger your paycheck will be. Good luck!

4.  Sign up as an affiliate.

 

Companies use affiliate programs to boost their online sales, and most of these affiliate programs are free to join. Every time a visitor buys an item through the affiliate link on your website, you earn affiliate commission.

 Check more topics to the  Source  

Tips For Startup Entrepreneurs

Tips for startup entrepreneurs

“We would not panic. In fact we would be calm and surrender ourselves. That’s the way a startup journey is. Even if you lose all one day, you can build all over again if you retain your calm.

~ Thuan Pham

There are many options that you can choose from if you want to be an entrepreneur wether business or marketing. However, your success will be determined by your persistence. It is very important that you choose which is suitable for you.

Many are too excited to finally begin but fail to take care of other related things that need to be settled.

Learn more http://www.smartpinoyinvestor.com/stressfreeinvesting

Here are some tips  for entrepreneurs especially for those starting.

1.  Money will come when you do something that impacts a lot of people. If you chase only money, you will be really unhappy.

2.   Building something that can impact and change people’s lives across the world will always keep you motivated.

3.     Don’t take yourself too seriously and you will not hesitate to take bold risks in life. Have fun along the way.

4.      Give back. Developing people will really make you satisfied at the end of it. Developing young ones in your teams who can lead and impact hundreds of lives – even after you’re gone – will leave you satisfied.

“I strongly encourage aspiring entrepreneurs to educate themselves, even if they don’t wish to graduate. College education opens doors for you,”

- Thuan Pham.

5 Ways To Start Thinking Like A Millionaire

 

Thinking Like A Millionaire

 

While I’m nowhere near millionaire status, I am always inspired by the stories of ordinary people who manage to work their way into a wealthy lifestyle. Some of them are small business owners, others are company CEO’s... but the one thing they all have in common is

"The millionaire mindset when it comes to managing their money."

Real millionaires–the ones who have earned it through hard work and determination–don’t spend their money on unnecessary things. They drive average cars, wear average clothes, and look for deals sometimes more than the rest of us. They are rich, instead of just looking rich, and keep more of their money in the bank rather than squandering it on flashy material things that have no real value. They’re smart, intentional, and a huge example to those of us who live on a much smaller income!

But instead of being jealous or envious of their wealth, we need to adopt their mindset as our own, and learn what we can from their success. Because the reality is, if you can manage the money you have right now well, you’ll be in a much better position when you are blessed with more.

" Changing the way you think is the first place to start."  

Here are five ways to start thinking like a millionaire:

1. Have a Goal in Mind

Having a goal means you have motivation and meaning for your money. You’re not just saving because it’s the right thing to do — you’re saving for retirement, a newer car, a down payment on a house, or that trip you’ve always want to take. Millionaires have goals too, and this is what keeps them from spending frivolously on things that won’t help them get there.

I’m sure you’ve heard those horror stories of professional athletes who sign million-dollar contracts, then are somehow broke after they retire. It’s because they didn’t learn to manage their money well during their peak playing years, nor did they have a specific goal in mind for when they finished.

Think about where you want to be in 20 years. Do you want to be out of debt? Fund a retirement account? Pay for your children’s college education?

" You need to have goals so every action that you take today, is one that brings you closer to them. "

2. Think Before You Spend

Thinking before you spend is critical to a millionaire mindset. 

Of course, there are plenty of celebrity millionaires who blow their fortunes on private jets, island mansions, and excessive weddings.

but the true millionaires, are the ones that manage their money well, are always thinking about the implication each purchase has on their overall finances.

When considering any purchase {big or small!}, ask yourself these 3 questions:

• Do I really need this?
• Can I borrow this item from someone else?
• Can I find it for less elsewhere?

I have gotten myself into more trouble because I swiped a credit card without thinking, when I really should have done my homework and scouted out other alternatives first. Patience is key!

3. Don’t Be Wasteful

Always, always, always be thinking about how you can use old items in new ways. We throw away more food, more paper, and more perfectly usable items than necessary, and while I’m not advocating at all for clutter, you should consider if the item has any re-purposing value at all before you toss it.

Here are some ideas:

• Pair different pieces of clothing together to make new outfits
• Shop from your pantry and bring new life to leftovers
• Pass along older magazines to friends who might enjoy them
• Turn shipping or shoe boxes into organizing containers for storage
• Recycle junk envelopes and note cards into scrap paper
• Give away items you don’t use anymore to a local thrift store {just make sure everything is in good condition!}

Smart millionaires are resourceful and “make do” with what they have, because they know that saving money on these seemingly smaller items, will allow them to spend their hard-earned dollars on more important things.

4. Never Stop Learning

Millionaires are always learning about something new — whether it’s how to manage their wealth or increase it. I honestly believe that when you stop learning, you stop living.

" Life should be an education in itself. "

5. Believe in Your Success

Lastly, and probably the most important point to remember, is that millionaires believe they will be successful. It can take a long time to make {and save!} the money needed to establish an emergency fund, pay off all debt, fully fund a retirement account, and invest in other valuable assets, but it’s possible — for all of us.

Be confident in your financial situation, no matter how big or small. Find those opportunities to save, and focus on spending smart. Believe you will make it, then work hard on getting there!

* These 5 steps might not launch you or I into a million bucks right away, but they will help us start acting like one. Because half the battle of being frugal is thinking like you are frugal. And frugal living is a lifestyle and a mindset more than anything else.*

Investor Risk Profile vs. Life Phases

Investor Risk Profile vs. Life Phases

Different investment assets, from Time Deposits to Bonds to Real Estate to Stocks, serve different purposes for different people who invest in them.
With the presence of various investment options, it is not enough that investors merely invest for the sake of “making a profit” or “gaining wealth”. Investors, first and foremost, must determine their specific investment objective before making any investment decision.
Knowing one’s investment objective helps set income expectations and guide an investor about possible investment options to avail of. While all these investment choices will attempt to earn a positive return for investors, the level of risk they take on to achieve income will differ greatly.
Before venturing into Setting your Investment Objective, let’s first understand your Risk Profile.

Know Your Risk Tolerance

Not all people can handle relatively high levels of risk. While some can take the fluctuations involved in trading in the stock market, others prefer to invest in low-risk, low-return investments like Time Deposits.
The choice of risk to take should primarily depend on the level of reward an investor expects from an investment asset. Of course, the higher the expected potential reward, the bigger the risk the investor must take. Risk could take the form of loss of capital, unguaranteed earnings, default of interest payment from the bond issuer or borrower, or anything that will not ensure the level of reward (income) expected from the investment.
Overall, the level of risk can depend on a variety of factors including one’s level of investment knowledge, marital status, culture, and beliefs, among others, but one’s age or phase in life could dramatically affect the level of risk the investor wishes to take.

Life Phases and Risk Tolerance

There are three (3) basic life phases that people typically go through, namely:

1.  Accumulation Phase

The accumulation phase usually applies to an investor in his 20s or early 30s. His net worth is probably fairly small and he might not have a lot of money, but he does have one important commodity: time. In the future, he would want to settle down, buy a house, buy a car, have children, send them to college and then retire. He has a lot of plans for himself but he also has a lot of time to work to achieve these goals. In general, people in the accumulation phase will be most interested in growth and can make some relatively high-risk investments with the goal of making above-average returns.

2.  Consolidation Phase

Once the investor reaches his mid-30s, he will likely move to the consolidation phase and stay here throughout the peak of his career until just before retirement. At this stage, his debts (including housing loan or car loan) should be nearly paid off, his children’s college expenses should be funded and his earnings should exceed his expenses. Retirement and estate planning are now his biggest concerns. People in the consolidation phase usually still have a decade or two to plan for these things, but since he knows he cannot continue working indefinitely and that he will soon rely on his savings, and not his salary anymore, his level of risk tolerance shifts from high to moderate.

3.  Spending Phase

As the investor approaches retirement, he enters the spending phase. He has his daily living expenses covered, provided he is invested to receive a steady, stable income. He has no need to speculate aggressively and he knows the worst that can happen is to lose his entire savings. His biggest concern is inflation and how it eats into his own savings. It follows, then, that he is likely to become more risk-averse as he decide to place investments only in relatively low-risk assets that could beat inflation.

If the investor has earned a sizable savings and wealth, the spending phase might coincide with the gifting phase, during which the investor will provide for friends and relatives or other people. During this phase, his primary goal shifts from capital growth to estate planning and tax minimization, while working on personally fulfilling and rewarding activities such as charity work and philanthropy.

Going through all these phases is ideal and may not necessarily apply to everyone. The phases described above merely provide a guide and starting point for determining your own level of risk tolerance. Whatever your risk profile, it will typically be revealed to you when you start investing.

 
source money talk

THE MAN BEHIND THE KENTUCKY FRIED CHICKEN

THE MAN BEHIND THE KENTUCKY FRIED CHICKEN

I was inspired to remember a very famous gentlemen call Harland Sanders.

You probably ask Harland Who? You may know him as Colonel Sanders… of Kentucky Fried Chicken. So what is it about him that made him so special? Let me give you a truthful rundown of his life.

Born on 9th September 1890
At age 5 his Father died.
At age 12 he quit school.
At age 13 he left home by himself.
At age 16 he has worked in 4 different jobs.
At age 20 he became a lawyer and ended it with a courtroom brawl with his own client.
At around mid-20s, he became an insurance salesman but he got fired for insubordination. Soon after, wife left him together with his baby girl.

At age 32 he resigned from yet another job as a secretary after less than a year and failed in another business dealing with lamps.
At age 34 he lost another job as a salesman at Michelin Tire Company due to the closing of manufacturing plant.
At age 40 he lost another job to run a petrol service station due to the Great Depression.
At age 42 son died due to Tonsillitis.
At age 49 his restaurant and motel were razed to the ground in a fire.
At age 51 he was forced to shut down his motel due to World War 2.
At age 65 he was forced to sell his North Corbin restaurant due to the drastic drop in customer traffic and retired.

On the 1st day of retirement, he received a cheque from the Government for $105.
He felt that the Government was saying that he couldn’t provide for himself.
So, he started franchising Kentucky Fried Chicken aggressively.
But at age 90, before he died, Colonel Sanders, founder of Kentucky Fried Chicken (KFC) Empire died much richer than most people when he failed most part of his life.