Finance: New Book Reveals Strategy for Becoming Debt Free One Paycheck at a Time

New Book Reveals Strategy for Becoming Debt Free One Paycheck at a Time

Written by Kimberly A. Griffiths

It is no wonder in these economic times that an estimated 70% of households in repparttar

United States live paycheck to paycheck with no relief in site. In an effort to make ends meet, consumers continue to use credit cards to fill repparttar 112610

necessary gaps. According to repparttar 112611

most recent research, repparttar 112612

average household spends $1.22 for every $1 earned (MyVesta) and repparttar 112613

average household credit card debt is at an all time high in this country of $8400 (CardWeb)! "At one point I had over 18 credit cards all that were at their maximum limit. This shock came after filing for a divorce to an addictive gambler. To my horror, I discovered I was facing $50,000 of cash advances that were used to feed his gambling addiction. The judge felt it was only fair to split repparttar 112614

debt and I wound up $25,000 in debt at repparttar 112615

age of 22. How is it, I wondered, that my husband could make me an authorized signer, without my knowledge, and make me responsible for his debt? Despite my best attempts at fighting this, I wound up $25,000 in debt! I vowed at that moment to never make such foolish financial choices again. That was nearly 15 years ago, and even though I accumulated more debt by returning to school along repparttar 112616

way, I’m now and forever more completely debt-free." states Kimberly Griffiths, author of a new book, ONE PAYCHECK AT A TIME.

Learn from the Trader Legends!

Written by Tom Meier

Article Title: Learn from repparttar

Trader Legends! Author Name: Tom Meier Contact Email Address: info@easy-trader.ch Word Count: 759 Category: Trading Copyright Date: 30.10.2003 Internet Address (If Available): http://www.easy-trader.ch Autoresponder Address (If Available): easyflashsubscriber@getresponse.com Special Requirements For Reprint: none

What do repparttar 112609 world’s best Traders differently than repparttar 112610 average investor? Can repparttar 112611 average investor learn from repparttar 112612 Trader Legend’s success stories and their systems used? What do repparttar 112613 most famous Traders have in common that can be applied by repparttar 112614 average talented trader?

Before we will give some insights on those questions let’s have a look at some of repparttar 112615 most successful Trader Legends:

ØNicolas Darvas turned an $ 36’000 account into $ 2’000’000 in 18 months!!! ØEd Seykota, a Turtle Trader, turned $ 5'000 into $ 15'000'000 in 12 years!!! ØJesse Livermore made several multi-million dollar fortunes in repparttar 112616 early 1900's ØRichard Dennis, another Turtle Trader, made between $ 100 and $ 200 million ØGeorge Soros is believed to be one of repparttar 112617 greatest Trader of all time!!!

The results are quite impressive and some other amazing Traders could be added easily to repparttar 112618 list above. Why do these guys have such tremendous results?

There are common factors, which can be observed through most of repparttar 112619 successful Trader Legends:

ØThey have a System which they strictly follow. ØMost of them have a trend-following trading style. ØMost of them have a mid- to long-term approach. ØThey have no fear and greed mentality. ØThey have absolute discipline and stick 100% to their system. ØTheir trades are fully planed; they are prepared for all scenarios in advance. ØThey know that a system goes through bad times and good times. Cut losses early and let profits run. ØTheir systems fit to their personality.

Some of these points sound logical and I see people nodding their heads. But in reality repparttar 112620 average investor behaves completely different. Some of them burned their fingers over repparttar 112621 last three years and some even lost a fortune. Here are some examples of observed behaviour patterns:

ØLosses are not cut early enough. ØInvestment with a short-term horizon become long-term horizon in hope of raising prices. ØPeople listen to repparttar 112622 advise of their investment Brokers and Analysts. ØPeople invest in hot stocks recommended by colleagues of their colleagues. ØPeople have no plan for their investments. ØMoney Management is not considered at all. ØPeople use trading styles which do fit their personality. ØGreed and fear is omnipresent.

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