NOT JUST ANOTHER JOB OR CAREER OPPORTUNITY- FINANCIAL SOLUTION

Financial wealth is being created online and the Internet produces more Millionaires than any other Industry in the world. Trends rarely excel and produce substantial income opportunities as massive and exponentially as that of online internet marketing. Having spent years in traditional bricks and mortar businesses with bankruptcy being the final result I really had to examine this new trend and ask myself what is making such a difference. I was blown away at the discovery. It is just to simple, brilliant technology. Reduced Overhead,No inventory, no employees, no insurance issues, no store front lease, no boss and best of all you can work out of your home or on the beach with a lap top. Having an understanding of how the internet works and skills to perform key applications can virtually eliminate almost every objectionable overhead cost imaginable. This transforms your business into a constant flow of residual and leveraged income with complete automation. The results are increased profit margins of skyrocketing proportions. The Online marketing growth will continue to grow exponentially and is one trend that is here to stay.




I encourage you to do your research on the earning potential with internet marketing and how a solid business model and mentoring program can help you create serious wealth for your future. I know to well the cost of making wrong choices. After researching the industry for nearly 18 months anticipating which business or Job opportunity I wanted to consider, my choice was not to select one or the other rather I chose to get educated first. If your looking for solutions to your financial woes I suggest knowledge of the Internet it really is the fastest growing Industry with enormous income potential. Knowledge is power so before you just jump into a new career you will want to make sure you have selected the right path for acquiring knowledge. Seek professionals with credentials and a history in the industry. Then enjoy! You could very well be the next online millionaire.

CONTRIBUTED BY onefinancialworld.com

TWO GREAT INDIAN MEN

Mohandas Karamchand Gandhi


Mohandas Karamchand Gandhi was born on October 2, 1869 in Porbandar, India. He became one of the most respected spiritual and political leaders of the 1900's. GandhiJi helped free the Indian people from British rule through nonviolent resistance, and is honored by Indians as the father of the Indian Nation.

The Indian people called Gandhiji 'Mahatma', meaning Great Soul. At the age of 13 Gandhi married Kasturba, a girl the same age. Their parents arranged the marriage. The Gandhis had four children. Gandhi studied law in London and returned to India in 1891 to practice. In 1893 he took on a one-year contract to do legal work in South Africa.

At the time the British controlled South Africa. When he attempted to claim his rights as a British subject he was abused, and soon saw that all Indians suffered similar treatment. Gandhi stayed in South Africa for 21 years working to secure rights for Indian people.

He developed a method of action based upon the principles of courage, nonviolence and truth called Satyagraha. He believed that the way people behave is more important than what they achieve. Satyagraha promoted nonviolence and civil disobedience as the most appropriate methods for obtaining political and social goals. In 1915 Gandhi returned to India. Within 15 years he became the leader of the Indian nationalist movement.

Using the principles of Satyagraha he led the campaign for Indian independence from Britain. Gandhi was arrested many times by the British for his activities in South Africa and India. He believed it was honorable to go to jail for a just cause. Altogether he spent seven years in prison for his political activities.

More than once Gandhi used fasting to impress upon others the need to be nonviolent. India was granted independence in 1947, and partitioned into India and Pakistan. Rioting between Hindus and Muslims followed. Gandhi had been an advocate for a united India where Hindus and Muslims lived together in peace.

On January 13, 1948, at the age of 78, he began a fast with the purpose of stopping the bloodshed. After 5 days the opposing leaders pledged to stop the fighting and Gandhi broke his fast. Twelve days later a Hindu fanatic, Nathuram Godse who opposed his program of tolerance for all creeds and religion assassinated him.

Lal Bahadur Shastri

Lal Bahadur Shastri was born on October 2, 1904, to Ramdulari Devi and Sharada Prasad Shrivastava, in Moghalsarai, United Province (Uttar Pradesh). He shares his birthday with Mahatma Gandhi, the father of the nation. Lal Bahadur was against the prevailing caste system and therefore decided to drop his surname. The title "Shastri" was given after the completion of his graduation at Kashi Vidyapeeth, Varanasi in 1925. The title "Shastri" refers to a "scholar" or a person, adept in the "Holy Scriptures".

His father Sharada Prasad, a schoolteacher by profession, passed away when Lal Bahadur was barely two years old. His mother Ramdulari Devi took him and his two sisters to their maternal grandfather Hazari Lal's house. Lal Bahadur acquired virtues like boldness, love of adventure, patience, self-control, courtesy, and selflessness in his childhood. After completing his primary education at Mirzapur, Lal Bahadur was sent to Varanasi, where he stayed with his maternal uncle.

Young Lal Bahadur, inspired with the stories and speeches of national leaders, developed a desire to participate in the Indian nationalist movement. He would also spend time by reading foreign authors like Marx, Russell and Lenin. In 1915, a speech of Mahatma Gandhi changed the course of his life and decided to jump into the fire of Indian freedom struggle.

In order to participate actively in the freedom movement, Lal Bahadur neglected his studies. In 1921, during the non-cooperation movement, called by Mahatma Gandhi, Lal Bahadur was arrested for demonstrating in defiance of the prohibitory order. Sine he was a minor then, the authority had to release him. In 1928, Lal Bahadur Shastri married Lalita Devi, the youngest daughter of Ganesh Prasad. He was against the prevailing "dowry system" and so refused to accept dowry. However, on the repeated urging of his father-in-law, he agreed to accept only five yards of khadi (cotton, usually handspun) cloth as dowry.

Contributions
He devoted his life for the pride and honor of the country. Shastri was regarded as man of principles. Lal Bahadur Shastri offered his resignation as Union Railway Minister; hours after he was made aware of a train accident that killed around 150 people. He laid the foundation stones of the well-productive schemes like Green Revolutions and White Revolutions. He was the first person to be posthumously awarded the "Bharat Ratna".

Life
Lal Bahadur Shastri was born on October 2, 1904, to Ramdulari Devi and Sharada Prasad Shrivastava, in Moghalsarai, United Province (Uttar Pradesh). He shares his birthday with Mahatma Gandhi, the father of the nation. Lal Bahadur was against the prevailing caste system and therefore decided to drop his surname. The title "Shastri" was given after the completion of his graduation at Kashi Vidyapeeth, Varanasi in 1925. The title "Shastri" refers to a "scholar" or a person, adept in the "Holy Scriptures".

His father Sharada Prasad, a schoolteacher by profession, passed away when Lal Bahadur was barely two years old. His mother Ramdulari Devi took him and his two sisters to their maternal grandfather Hazari Lal's house. Lal Bahadur acquired virtues like boldness, love of adventure, patience, self-control, courtesy, and selflessness in his childhood. After completing his primary education at Mirzapur, Lal Bahadur was sent to Varanasi, where he stayed with his maternal uncle.

Young Lal Bahadur, inspired with the stories and speeches of national leaders, developed a desire to participate in the Indian nationalist movement. He would also spend time by reading foreign authors like Marx, Russell and Lenin. In 1915, a speech of Mahatma Gandhi changed the course of his life and decided to jump into the fire of Indian freedom struggle.

In order to participate actively in the freedom movement, Lal Bahadur neglected his studies. In 1921, during the non-cooperation movement, called by Mahatma Gandhi, Lal Bahadur was arrested for demonstrating in defiance of the prohibitory order. Sine he was a minor then, the authority had to release him. In 1928, Lal Bahadur Shastri married Lalita Devi, the youngest daughter of Ganesh Prasad. He was against the prevailing "dowry system" and so refused to accept dowry. However, on the repeated urging of his father-in-law, he agreed to accept only five yards of khadi (cotton, usually handspun) cloth as dowry.

Active Nationalist
In 1930, Lal Bahadur Shastri became the secretary of the Congress party and later the president of the Allahabad Congress Committee. He played a crucial role during the "Salt Movement". Lal Bahadur lead a door-to-door campaign, urging people not to pay land revenue and taxes to the British authority. The leader was also sent to jail for the campaign. During the long span of nine years he spent in jails, Lal Bahadur utilized the time in reading the social reformers and western philosophers. He was one of the leading and prominent faces that continued the Quit India movement, called by Mahatma Gandhi. Lal Bahadur, in 1937, was elected to the UP Legislative Assembly.

Prime Minister

Jawaharlal Nehru was succeeded by a mild-mannered and soft-spoken Lal Bahadur Shastri on 9 June, 1964. He was a follower of Nehruvian socialism. Despite the strong influence and desire of becoming the Prime Minister, of some party stalwarts Shastri emerged as the consensus candidate.

Shastri tackled many elementary problems like food shortage, unemployment and poverty. To overcome the acute food shortage, Shastri asked the experts to devise a long-term strategy. This was the beginning of famous "Green Revolution". Apart from the Green Revolution, he was also instrumental in promoting the White Revolution. The National Dairy Development Board was formed in 1965 during Shastri as Prime Minister.

After the Chinese aggression, the major cross-border-problems Shastri faced was caused by Pakistan. It sent her forces across the eastern border into the Rann of Kuch in Gujarat. Shastri showing his mettle, made it very clear that India would not sit and watch. While granting liberty to the Security Forces to retaliate He said, "Force will be met with force".

The Indo-Pak war ended on 23 September 1965 after the United Nations passed a resolution demanding a ceasefire. The Russian Prime Minister, Kosygin, offered to mediate and on 10 January 1966, Lal Bahadur Shastri and his Pakistan counterpart Ayub Khan signed the Tashkent Declaration.

CONTRIBUTED BY SHIVANI ENTERPRISES

The 5 Biggest Factors That Affect Your Credit by Amy Fontinelle (Contact Author | Biography)

A credit score is a number that lenders use to determine the risk of lending money to a given borrower. Credit card companies, auto dealerships and mortgage bankers are three common examples of types of lenders that will check your credit score before deciding how much they are willing to lend you and at what interest rate. Insurance companies, landlords and employers may also look at your credit score to see how financially responsible you are before issuing an insurance policy, renting out an apartment or giving you a job.


In this article, we'll explore the five biggest things that affect your score: what they are, how they affect your credit, and what it all means when you go to apply for a loan.

Tutorial: Credit And Debt Management

Credit Basics

Your credit score shows whether you have a history of financial stability and responsible credit management. It can range from 300 to 850, but the higher the score, the better. Three credit agencies - Experian, Equifax and TransUnion - compile credit scores (also known as FICO scores) based on the information in your credit file. Each agency will report a slightly different score, but they should all paint a similar picture of your credit history. (For background reading, see The Importance Of Your Credit Rating.)

Payment History - 35%

The most important component of your credit score looks at whether you can be trusted to repay money that is lent to you. This component of your score considers the following factors:

•Have you paid your bills on time for each and every account on your credit report? Paying bills late has a negative effect on your score.

•If you’ve paid late, how late were you - 30 days, 60 days, or 90+ days? The later you are, the worse it is for your score.

•Have any of your accounts gone to collections? This is a red flag to potential lenders that you might not pay them back.

•Do you have any charge offs, debt settlements, bankruptcies, foreclosures, suits, wage attachments, liens or judgments against you? These are some of the worst things to have on your credit report from a lender’s perspective.

Amounts Owed - 30%

The second-most important component of your credit score is how much you owe. It looks at the following factors:

•How much of your total available credit have you used? Less is better, but owing a little bit can be better than owing nothing at all because lenders want to see that if you borrow money, you are responsible and financially stable enough to pay it back.

•How much do you owe on specific types of accounts, such as a mortgage, auto loans, credit cards and installment accounts? Credit scoring software likes to see that you have a mix of different types of credit and that you manage them all responsibly.

•How much do you owe in total, and how much do you owe compared to the original amount on installment accounts? Again, less is better.

Length of Credit History - 15%

Your credit score also takes into account how long you have been using credit. How many years have you been using credit for? How old is your oldest account, and what is the average age of all your accounts?

A long history is helpful (if it's not marred by late payments and other negative items), but a short history can be fine too as long as you've made your payments on time and don't owe too much.

New Credit - 10%

Your FICO score considers how many new accounts you have. It looks at how many new accounts you have applied for recently and when the last time you opened a new account was.

The score assumes that if you've opened several new accounts recently, you could be a greater credit risk; people tend to open new accounts when they are experiencing cash flow problems or planning to take on lots of new debt.

For example, when you apply for a mortgage, the lender will look at your total existing monthly debt obligations as part of determining how much mortgage you can afford. If you have recently opened several new credit cards, this might indicate that you are planning to make a bunch of purchases on credit in the near future, meaning that you might not be able to afford the monthly mortgage payment the lender has estimated you are capable of making. Lenders can't determine what to lend you based on something you might do, but they can use your credit score to gauge how much of a credit risk you might be. (For more on home loans, see 6 Tips To Get Approved For A Mortgage.)

Types of Credit In Use - 10%

The final thing the FICO formula considers in determining your credit score is whether you have a mix of different types of credit, such as credit cards, store accounts, installment loans and mortgages. It also looks at how many total accounts you have. Since this is a small component of your score, don't worry if you don't have accounts in each of these categories, and don't open new accounts just to increase your mix of credit types. (For information on reining in credit card spending, take a look at Take Control Of Your Credit Cards.)
What Isn't In Your Score

The following information about you is not reported to credit bureaus and is not reflected in your credit score:

•Marital status
•Age
•Receipt of public assistance
•Salary
•Occupation
•Employment history
•Rental agreements
•Participation in a credit counseling program

What It All Means When You Apply for a Loan
Following the guidelines below will help you maintain a good score or improve your credit score:
•Watch your credit utilization ratio. Keep credit card balances below 15-25% of your total available credit.
•Pay your accounts on time, and if you have to be late, don’t be more than 30 days late.
•Don't open lots of new accounts all at once
•Check your credit score about six months in advance if you plan to make a major purchase, like buying a house or a car, that will require you to take out a loan. This will give you time to correct any possible errors and, if necessary, improve your score.
•If you have a bad credit score and lots of flaws in your credit history, don't despair. Just start making better choices and you’ll see gradual improvements in your score as the negative items in your history become older. (For more insight, check out 5 Keys To Unlocking A Better Credit Score.)

The Bottom Line
While your credit score is extremely important in getting approved for loans and getting the best interest rates available, you don't need to obsess over the scoring guidelines to have the kind of score that lenders want to see. In general, if you manage your credit responsibly, your score will shine.

by Amy Fontinelle (Contact Author
Biography)
Amy Fontinelle is a financial journalist and editor for a variety of websites, public policy organizations, and book publishers. She has written hundreds of published articles and blog posts on topics including budgeting, credit management, real estate and investing. Her articles have been featured on the homepage of Yahoo! and on Yahoo! Finance, Forbes.com, SFGate.com and numerous local news websites.

Can Global Investors Profit From GDP Watching? by Ryan C. Fuhrmann,CFA (Contact Author | Biography)

Conventional wisdom holds that investors must look to emerging markets for healthy returns over the coming decades. BRIC markets, including Brazil, Russia, India, and China, are frequently mentioned as holding the most potential given projections for rapid and steady economic growth. However, GDP growth is not necessarily a solid indicator of stock market gains to come. We'll discuss the relationship between the two and look at other useful metrics to consider when hunting for overseas investment opportunities. (For a background on this topic, see our Economic Indicators Tutorial.)


Contrarian Studies

An analysis by Goldman Sachs concluded that there was no correlation between real GDP growth in emerging markets and their stock market returns from 1976 to 2005. A 2005 study by the Brandes Institute, the research arm of famed value investor Brandes Investment Partners, actually showed that the countries with the highest GDP growth - including emerging markets - posted the worst stock market returns, while countries with the lowest GDP growth experienced the highest returns. The study covered 53 countries and included 105 years worth of data. Professors undertaking the Brandes study concluded that "the total return from buying stocks in low-growth countries has historically exceeded the return from buying stocks in high-growth economies."

GDP Isn't Everything

A key takeaway from the above studies is that it's not enough to simply equate rapid GDP growth with a surge in stock returns. The Goldman study stresses the importance of not getting caught up with optimistic GDP growth trends. Instead, focus on the fundamentals of a specific country or the individual equities in that market. Brandes' conclusion from its study is to focus on low growth markets because investors underestimate the growth potential of underlying firms in these countries.

Sheep for Shearing

Conversely, high-growth markets tend to attract too much attention. Investors follow a herd mentality and pile into stocks with an excessive degree of optimism that outstrips the fundamental growth rate of the economy. During the 1970s and 1980s in the United States, quarterly GDP growth exceeded the quarterly return of the S&P 500. This dynamic shifted in the late to mid 1990s, due primarily to the dotcom bubble and irrational exuberance regarding the growth prospects of many individual companies. (To learn more, see Why Did Dotcom Companies Crash So Drastically?)

Brandes did conclude that investors stand to benefit from diversification into foreign markets as they have historically shown low correlations with the U.S. market. Additionally, it's important to note that stock market gains do tend to track GDP growth over the long term even though there are short-term fluctuations - because of excessive fear and greed - where the relationship breaks down. Another issue is that private firms may be accounting for a high proportion of GDP growth in smaller or less liquid markets. This type of growth is not available to investors in publicly traded securities.

Alternative Measures

Given that the relationship between GDP growth and stock market gains is hazy at best, here are some other statistics to track in regard to identifying appealing markets to invest in. As with stocks, a study of historical price-to-earning (P/E) ratio ranges is essential. The 20-year average P/E of emerging markets was approximately 14 for the period ended 2007. Markets with lower overall earnings multiples may have above-average, long-term return potential.

Cash Is Better Than Credit

In regard to individual economies, statistics indicating underlying strength include the extent of current-account deficits, levels of inflation, growth in credit and budget deficits. Capital flows are also important. Asian countries learned this lesson in the late 1990s as foreign investment plummeted during economic crises. This explains the reason for significant current-account surpluses since then; surpluses that helped them fight off the worst aspects of the 2008 credit crisis. (To learn more, see Market Crashes: The Asian Crisis.)

Global Investing Close to Home

Once appealing markets have been identified, a bottoms-up process toward finding individual equity opportunities could prove profitable. A focus on value-investing principles, including investing in firms with low P/E, price-to-book, price-to-free-cash-flow ratios and high dividend yields is advisable. For U.S. investors, investing in domestic-based stocks is a lower risk approach to gaining overseas exposure. Studies estimate that nearly half of S&P 500 sales and earnings now stem from foreign markets. (For more, check out Where Top Down Meets Bottom Up.)

Conclusion

Despite the fact that GDP growth is a poor predictor of stock market returns over shorter term periods, the relationship does hold loosely over the long haul. Foreign markets are appealing simply for the diversification benefits they can bring domestic portfolios. For the enterprising investor, an understanding of the drivers of GDP growth as well as individual economy and company performance can help in identifying lucrative investments across the globe. (To learn more, see Re-Evaluating Emerging Markets.)

by Ryan C. Fuhrmann,CFA (Contact Author
Biography)

Brazil, Russia, India And China - BRIC

What Does Brazil, Russia, India And China - BRIC Mean?


An acronym for the economies of Brazil, Russia, India and China combined. The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers.

Investopedia explains Brazil, Russia, India And China - BRIC

The BRIC thesis posits that China and India will become the world's dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly dominant as suppliers of raw materials. It's important to note that the Goldman Sachs thesis isn't that these countries are a political alliance (like the European Union) or a formal trading association - but they have the potential to form a powerful economic bloc. BRIC is now also used as a more generic marketing term to refer to these four emerging economies.

Due to lower labor and production costs, many companies also cite BRIC as a source of foreign expansion opportunity.

REVERSE MORTGAGE

What Does Reverse Mortgage Mean?


A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold. After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation, the transaction is structured so that the loan amount will not exceed the value of the home over the life of the loan.

Often, the lender will require that there can be no other liens against the home. Any existing liens must be paid off with the proceeds of the reverse mortgage. Investopedia explains Reverse Mortgage

A reverse mortgage provides income that people can tap into for their retirement. The advantage of a reverse mortgage is that the borrower's credit is not relevant, and is often unchecked, because the borrower does not need to make any payments. Because the home serves as collateral, it must be sold in order to repay the mortgage when the borrower dies (in some cases, the heirs have the option of repaying the mortgage without selling the home). These types of mortgages have large origination costs relative to other types of mortgages. These costs become part of the initial loan balance and accrue interest. Senior citizen borrowers with good credit should carefully analyze the options of a more traditional mortgage, such as a home equity loan, against a reverse mortgage.

Learn To Invest – Read Warren Buffett’s Letters

Taking the time to read the time to read Buffett’s letters to shareholders is, in my opinion, the best investment of a few hours a young investor could possibly make. It provides the unusual opportunity get behind the scenes and get a look at the some of the thinking that goes into some of Berkshire Hathaway’s (BRK-A: 123914.00 -586.00 -0.47%) largest buys and sells. It also provides the opportunity to learn from the mistakes made by one investor in the hopes that you won’t repeat them in your own investing experiences.

What makes the letters so good in my opinion is that Buffett is phenomenal at one thing- seeing through the hype. The man seems to have the ability to step back and look at the bigger picture and analyze, with a critical eye, the current opportunities that are available. You never read him as calling something a “new economy” or talking about how this bubble will be any different than the last. He just doesn’t buy the hype. This is something I like to say I am also immune to, but the truth is I often catch myself almost making decisions in reacting to news stories, without taking a breath stepping back and asking, how will this potential investment look in a year from now, or five years from now?
If you don’t already read them you should take the time, here is the link.

One interesting quote from February’s letter:

Within a year or so, residential housing problems should largely be behind us. Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means.