This month's totals of passive income

Passive income for August:
Payperpost - $20
Google - $ 8. 53
Unwiredbuyer - $5
Paypal interest - $1.07
401K earnings - $20
Goal = $50
Grand total = $54.60

Result goal met!
September's goal $75

Business of the Month Musical Information

This month the business that I will attempt to create is a company that makes factual songs for children. I found out that it is a lot easier to learn things for some people when they are set to music. Many people can recall the words to their favorite song, but may forget the Gettysburg Address. It should be creative and fun to do. One thing I must pursue is creating a business plan for each of the businesses I intend on pursuing. If you fail to plan then you plan to fail.

I just won another book in a comment contest!

Big thanks goes out to AllFinancialMatters (an excellent source of financial information, and a well-known member of the TheMoneyBlog Network) I'll soon be reading "Achieving Prosperity". If you are wise you will visit his site, which is jam packed full of great information. What are you waiting for? Go there now!

Future Millionaires tricks, tips, motivators, inspirators are BACK, check it out.

Welcome to the August 14, 2006 edition of carnival of future millionaires. It's been a while, but the aspiring millionaires are back, bigger, stronger, and better than ever, with many tricks, tips, and motivators to get you in gear and on your way to making that first million. Enjoy! and Thanks you for all who participated.

Katie presents Make your success move! Get from the polls to the ballot posted at Aridni, saying, "Thanks for hosting!"

Marcus Markou presents Is Buying a Business Right For You? posted at BOB - Business Opportunities Blog, saying, "Here are some questions that the team at BusinessesForSale.com suggest you ask yourself before you buy a business."

Brandon Peele presents AR: Namaste Economics posted at GT.

Business tips

Mike Martone presents Getting Your Direct Mail Opened posted at REI Newbie, saying, "Real Estate Investing Site but this article is isnsightful to any business using direct mail"

Peter Kua presents 19 Steps to Power Negotiations - Part 2 posted at RadicalHop.com

Peter Kua presents 19 Steps to Power Negotiations - Part 3 posted at RadicalHop.com

Tam Hanna presents On communicating in an annoyed state posted at TamsPalm-the Palm OS Blog, saying, "Hi, everyone who does Business needs to communicate, and eventually tends to fret. But is it worth it? I take a look at one of my own fret incidents; hopefully you can all learn a bit from it!

Best regards
Tam Hanna"

Chuck Russell presents Bad Credit Car Tips posted at buyanauto

David Lorenzo presents Career Intensity Blog - David V. Lorenzo posted at The Career Intensity Blog.

Tim King presents Before Your Idea Can Take Off posted at J. Timothy King’s Blog.

Matt Inglot presents Thoughts on Entrepreneurship, Business, and Success » The Secrets of Creating and Growing an Online Business posted at Matt Inglot

Tam Hanna presents On cheap staff posted at TamsPalm-the Palm OS Blog, saying, "Hi,
this article covers why it is a bad idea to have a big workforce of average workers, or why it is better to have a few stars than a big army of dolts! I hope that you enjoy reading it(and talking back) as much as I enjoyed writing it!

Best regards
Tam Hanna"

Kevin Kneupper presents Improving Your Credit Score: What is it and how is it calculated? posted at Free the Drones.

Tam Hanna presents On annoying customers - Part 2 posted at TamsPalm-the Palm OS Blog, saying, "Hi, when you want to be a millionaire, you need happy customers - and the following hints could probably pay out big time!
Best regards
Tam Hanna

Matt Inglot presents The Many Hats of Small Business Owners posted at Matt Inglot.

Marcus Markou presents Buying The Right Franchise posted at BOB - Business Opportunities Blog, saying, "The choice of franchise opportunities is bewildering. Every year, more new concepts come to the marketplace."

The Entrepreneur presents How To Set Up Your Own Online Dating Business posted at PRACTICAL ENTREPRENEURING.

The Entrepreneur presents PRACTICAL ENTREPRENEURING » How To Immediately Make Money As An Expert In Your Own Field posted at PRACTICAL ENTREPRENEURING.

Goals

Scott Allen presents Do You Follow Your Own Best Advice? posted at About.com Entrepreneur's Guide

John Rozewicki presents Supreme Narcissism » How to: Be a Professional Smart Person posted at Supreme Narcissism, saying, "This is a fun article I wrote to launch my website. It outlines my philosophy on how I plan to run my career. It's meant to be a little over the top, but also to inform people about a class of job that is becoming more common."

Milo Paulo milo G. Riano presents The Secret of Achieving Your Goals posted at Milo Riano, saying, "If chosen, kindly post only the excerpt or link and not the whole post on your site as what happened to my submission on other carnivals. Sorry for that, but hope you understand. Thanks!
Michael presents How To Set Goals posted at OnlyOneMike.com, saying, "step by step guide to goal setting that works"

Brian Kim presents The Myth of Thinking Big posted at Brian Kim.net - Invest in Yourself and Make It Happen.

Leverage

Kevin Surbaugh presents Buyer Beware posted at Becoming and Staying Debt Free, saying, "Like a wolf in sheeps clothing ready to pounce on unsuspecting sheep, so the marketplace is ready to pounce on the unsuspecting consumer. Eager, to relieve you of your hard earned money.

Progress

Matt Inglot presents How to Successfully Get Work Done in a Home Based Business posted at Matt Inglot.

Tam Hanna presents On Mentoring posted at TamsPalm-the Palm OS Blog, saying, "Hi,
did you ever wonder about trainign staff, and if it pays out?

TamsPalm takes a look at why mentoring pays...even if it doesnt pay immediately!

I hope that you enjoy the text and can learn from it!
Best regards
Tam Hanna

Emmanuel presents Emmanuel Oluwatosin: Inspiring Excellence, Realising Ambitions » Blog Archive » You dont need more money! posted at Comments on: You dont need more money!, saying, "he day was a Monday and the atmosphere was calm. It was as if it was going to rain. I had just heard the news that our salary had already been paid into our bank accounts. Only God could explain how happy and joyous many of us were to hear the news. I, therefore, did not waste time as I went to my bank immediately to collect the money.

To my utmost disappointment, I got to the bank only to discover that my account had not been credited with said salary. I became confused as I didn’t understand what the next line of action would be. I was at the bank later after some days to collect the money however."

Joanne Hay presents Money = Gratitude posted at Nourished.

Success

David Lorenzo presents Face Your Fears posted at The Career Intensity Blog, saying, "Success starts with baeting your fears!

Enjoy the post!

David Lorenzo presents Career Intensity Blog - David V. Lorenzo posted at The Career Intensity Blog.

David Lorenzo presents Beyond the Call of Duty posted at The Career Intensity Blog.

David Lorenzo presents Career Intensity Blog - David V. Lorenzo posted at The Career Intensity Blog

Steve Faber presents Where to Put Your Money? - Small Cap Growth vs. Value Stocks Over the Last Ten Years posted at DebtBlog

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You may think credit cards are incredible...

I say don't give your credit cards too much credit. The more credit you have the higher a liability you have, meaning if you're credit limit is extremely high (due to good credit) you may have banks seeing you as a bigger liability, which is not good when it comes to getting a loan. My credit card company MBNA had been automatically increasing my limit, because of my timely payments and good history. I did not need a higher limit, so I asked them to reduce it. Now I got rid of my account altogether and joined with my better half.

The Carnival of Future Millionaires is Making a Comeback

I have been waiting for enough submissions to put together a bigger, better, Carnival of Future Millionaires, and it looks like waiting a few weeks has paid off. This week the Carnival is back, with more topics and more interesting articles and tips on how to become a millionaire. Stay tuned.

It is easy to shop online with Owner Reviews

Now it is easy than ever to shop online. More and more stores have internet sites wear you can purchase just about anything. One good site where you can buy a variety of goods is Owner Reviews, this site utilizes an Amazon shopping cart and provides ratings and reviews of the many products so you can check them out before purchasing. If you're thinking about getting something as a gift or just buying something for yourself it is worth checking out.

Re-evaluating my 401K with the help of internet research

Fidelity Diversified International "FDIVX"
1 Year 3 Year 5 Year 10 Year Since Inception12/27/1991
22.47% 23.51% 14.10% 13.07% 11.94%

This is the Fund that I'll be investing in with my 401K. I was able to do some research and found that this fund ranks high in the MorningStar and Lipper Rating systems.

Feeling Lucky? Las Vegas Real Estate may be your best bet.

If you are planning to move to the exciting city of sin, Las Vegas Nevada check out Las Vegas Real Estate. This site allows you to view pictures of houses online without talking to a Realtor and they are offering great deals (low commissions or flat fees). Strike a deal while the market is hot. Nevada is currently expanding the number of resorts and casinos and may become the next Florida or Arizona.

How about a little LINK LOVE.

Anyone who reads this and would like to link up to my page can do so, just post a comment with your site and url and I'll add a link. In return for adding a link to this page, I'll add your a link to your site. So it is very simple, leave a comment with your page's title and web address and just add a link to this page (you can just copy and paste this code into your template).

How to Make a Million Dollars

The 4 greatest ways to create wealth

After rigorous research I have found that there are only a few great ways to create wealth. There are as follows:

1. ENTREPENUER - Start your own successful business - trademark it, make it into a franchise, find good people to run it for you. The risk is great, and so is the reward. The amount of wealth you can create is limitless. The ultimate would be to create a company, and take it public, much in the fashion of Microsoft or Google.
   
2. INVESTOR - Invest in stocks - if you are able to pick out great companies and get in on a large amount of their IPO (initial public offerings of stock) at a low price, you can make a great amount of money. You can easily make hundreds of times the amount of money you put in, in a few years. Or you could try real estate, which is also very popular. Renting out a house, a condo, or apartments, buildings, warehouses, can bring in a lot of passive income. In this racket timing is everything.
   
3. WORKER - Become a specialist, or excel in your field as a employee. Be the best at what you do. As an expert people will seek out your services.
4. ARTIST - Again using your creative powers, to succeed in music, or art (writing, acting), and using your fame to your advantage.
   

Save money on presents (Birthday, Christmas)

If you have a big family, or extended family, gifts can become a large expense depending on how many people you are providing for. One great idea for large families is a grab bag for Christmas. Everyone put's a their name in a hat and then you only have to buy a present for the person you pick. This system has been used for years and is usually called a Sercet Santa. Also you could chose to impliment a new ruling in the extended family by putting an age limit on gifts. Presents for children only (less than 18 years of age) . If you have over 10 cousin's and neices, newphews etc. this could save you a great deal of money and aggrevation. Also if you implement a Secret Santa, you can limit the amount you spend save $50 or $100, and you'll save money. Instead of buying 20 small $20 dollar gifts you buy one large gift. Try it out.

Use the invisible grip to negotiate.

I read an interesting article about the power of the "invisble grip" which is basically eye-contact and learned a few things about negotiating.

1. People may become uncomfortable when forced to make eye contact
   
2. People may feel confronted or threatened when making eye contact
3. People may drop prices if you stare at them.

When I was vacationing in Mexico, we went to a Playa De Carmen. We walked down a street busy with noise and music, shops, and foods. We walked into a shop and looked around, asking about the price of certain pieces. I wanted to buy a clay mask, but I didn't want to pay a lot for a souvenir. The owner came over and talked to me about what a great piece I was looking at and quoted me a price the equivalent of $50. I didn't show any real interest, but continued to examine the piece, he continued to drop the price in $5 increments until it was $30 (his final offer) I walked away because I only had a $20. When I got to the door of the shop he shouted out $20, but that's it (I have a wife and family etc.). Anyway I ended up getting the mask for what I thought was a fair price without having to haggle. Next time I'll have to try having a staring contest with the salesman to get a discount.

How Unwiredbuyer works

Unwiredbuyer is a new service provided by Ebay that allows you to make bids on the phone. Just for signing up (if you have a 12 month old account or feedback score >10) you will get a twenty dollar bonus. In order to get the bonus, you must bid on an item using your phone, put an item on your watch list (preferrably a 10 cent ebook) and then Unwiredbuyer will call you when there is 3min left in bidding, bid using your phone (follow the prompts, I think it's 1 then the #) to bid. After you bid, you will qualify for the twenty dollar bonus, you are not required to win the auction. After you are signed up you can refer a friend for a $5 bonus.

Facelift

My site is getting an extreme makeover to make it easier on the eyes, and more user friendly. Let me know what you think.

Currently reading "THE BIG MONEY"

A big thank you to Tim over at www.mymoneyforest.com for the excellent book about investing and picking stocks called "The Big Money" by Fredrick Kobrick. Check out his site, it has a lot of good information. Hopefully this book will help me find a up and coming company to invest in.

Comment Contest

I'm hoping to encourage and stimulate readers. I want some feedback, if you read a post, leave a comment. Try me if it was helpful, good, bad etc. I'll be giving away the July issue of Revenue Magazine to the person with the most comments in the month of June.