Monthly Archives: November 2016

Below is a review from one of our readers, Mark Shannon, who contacted us and wanted to be published on our website! Mark is a sophomore in high school and wants to one day start his own business. Good kid! See his review below.

 

Nour is a global keynote speaker on relationship economics and explains in this books and his speeches of the hidden assets of relationships and the art and science of investing in them. Nour is a native of Iran whose parents sent him to the United States to live with a relative in hopes for a better life. He had no fluency in English but went on to earn an Executive Master’s of Business Administration and a Bachelor’s Degree in Management. Nour stresses the importance of building relationships.

What is networking and why bother? Networking is about engaging with others and building relationships. Effective networking is doing it strategically and getting it done. Social capital helps us function in everyday situations and can change your life. Effective networking is being prepared and having goals you want to reach. It can make a difference in your life and establishes a positive mindset. Become interested in others first to get what you want and be sure to connect with the right people. Be clear about your networking goals and make it happen. Build your tool set and turn it into results and put it all together. There is power in influence. Access and relationships with others helps us to get things done. We all utilize referrals for the right doctor, furniture, etc., which all come from personal influence.

Mr. Nour is big on establishing a networking mindset. Networking can make the process of looking for a job, growing a business, selling a business, finding tickets, etc., more fun and easier. It has to be something you do naturally without hesitation. If you decide to start exercising or eating right, utilizing networking can be fun and beneficial. It needs to become a part of what you do every day. Developing an effective networking mindset takes time. Effective networking can mean getting out of your comfort zone and maybe striking up a conversation with someone you don’t know. Life is too short to be in a job or relationship you don’t want to be in. Relief comes from taking action and a commitment to change the behavior and skills.

There can be obstacles to change to get to the right mindset. Fear is the biggest obstacle – fear of the unknown and what if. Getting out of your comfort zone isn’t always easy. There can be prejudice – some won’t talk to other co-workers based on their different titles or degrees. Interacting with as many different people as possible builds relationships and opportunities. Maybe you think you’re too busy and have no time to network to meet others. Others think they are not that interesting. This is not true as everyone can be a benefit to others. You may know more about something than the other person.

Overcome obstacles by starting slow and doing them in small doses. Attend events that you have something in common with others. Or go with another person. Or volunteer in something you enjoy. Networking skills are like a muscle – the more you use … Read more

On November 8, 2016, Donald Trump shocked the world with his surprising upset over favored candidate and former Secretary of State Hillary Clinton. Many people are concerned and confused about exactly what this will mean for their future. While no one can be 100% sure what will happen after January 21, 2017, we are going to make some predictions of what it will mean for your finances. As you must know by now, all predictions are 100% accurate and should be immediately accepted as the complete truth.

Just kidding. But let’s go ahead and take a dive into what this election could mean for you and your wallet, a major – and ultimately, deciding factor this year. The United States stock market dipped the morning after Trump clenched enough electoral college votes to secure a victory, as predicted by many economists. However, it quickly bounced upward to level out and even make some gains by the end of the week.

Why is this? All currency, down from the tiniest dollar bill, to every type of industry, and all the way up to the global market, operates on belief. If nobody has faith or value in the dollar bill, it becomes worthless. Similarly, if faith in the overall economy weakens, it can turn into a downwards spiral towards depression. What most people realized, is that many of Trump’s campaign promises were most likely nothing but, and we had really just elected a glorified Republican to the presidency. One with predictable policies, and reassuring rhetoric capable of convincing traders that his style and business experience brings enough talent and competency to help the economy grow and thrive.

If you haven’t noticed, Republicans in the White House is generally good news for big business, wall street, and the wealthiest Americans. But what about everyone else? How will the average American be impacted? How will the poorest Americans be impacted? How will a Money Mogul be impacted?

We hope that if you are reading this page you don’t consider yourself to be an average American or plain average in general. But average people can’t help it, can they? Somebody has to look out for them. And for someone trying to escape the average lifestyle and make it to the elite end, you have to know what cards are stacked against you. Learn the game, so you can dominate it.

If you have investments in companies related to construction and infrastructure, you’re off to a great start. We expect shares in these companies to show modest appreciation in value after President-elect Trump becomes President Trump. How much? Hard to say right now, but if Trump keeps his campaign promise to rebuild America’s infrastructure, there will be a huge demand in these industries.

What about taxes?

While Trump vowed to cut taxes for middle-class Americans, his currently planned tax reductions seem to primarily benefit the upper class at a disproportionate rate. Trump plans to eliminate both the personal and the head-of-household exemptions, which have long been a way for many citizens to reduce their taxable income. So if you are a single parent or married with three or more children, your taxable income – and effectively your tax bill will increase quite drastically. This is estimated to affect over 8 million people across the United States.… Read more

Before you can become a Young Money Mogul, you have to first think like one. Wealth is a state of mind, not a state of finances. You could take away a wealthy man’s money today, and tomorrow he would begin to rebuild his empire. You could give millions of dollars today to a man who drifts through life with no aspirations past working to pay his bills, and tomorrow he will be halfway done with squandering his riches and only a week from returning to the job he ‘retired’ from.

In this post, we’re going to talk about how to get your mind right, so you can get your grind right, which will allow you to eventually get your money right. We’ll give you tips and strategies that you can use to your advantage.

Let’s treat wealth like a sport. Or a game. The objective is, obviously, to score as many points as possible before your time expires. Some people start the game with more money, some with less. None of that matters.

Why? Because you are in your current state in life by the people you associate with and the books you read. If you hang around a losing team, you become a loser. If you associate with people that encourage you, that push you to do better, that are true winners, you become a winner.

Someone could start their day off with $5 in their pocket and turn it into $20, while others will complain they only have $5 and buy themselves 5 things off the dollar menu. Both players were dealt the same hand, one just knew how to play the game differently than the other, and that person won.

This sport must be studied constantly. You will have to read and learn from the people who have become successful, who are at in life where you aspire to be. Success leaves clues, and if you study the leaders long enough, you will begin to see them for yourself. And if you see them for long enough, you will begin implementing them into your life.

For every sport, there must be a solid gameplan. One that comes with a successful offensive strategy and/or a successful defensive strategy. We say ‘or’ because if you can figure out offense well enough, you can be decent at defense and still succeed. A football team that can consistently score 60 points per game doesn’t have to worry a whole lot about how many touchdowns it gives up. Similarly, if your car breaks down and it costs $400 to repair, but you have $2,000 in savings, no sweat. However, if your savings account only has $200, you’re in trouble.

Let’s talk about some defensive strategies you can use. Because, in the end, it doesn’t matter how much money you make, it matters how much you keep. Everyone has a cash flow of some sort. This is where we’ll start. Do you know where every dollar of incoming cash goes? You better. Take a break to draw out your finances right now if you don’t. A great free tool you can use is Mint.com to help you keep track of all your bank accounts and credit cards, complete with spending graphs, trends, and data.

If you’re strapped for cash, start slashing the … Read more

Hi there – Welcome to Your Money Mogul. Thanks for stopping by. I’m glad you did. We’ve got some exciting things lined up so I hope you’ll visit us again soon when we add more valuable information.

Until then, catch a link back to our homepage here.… Read more

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