Money What Is One Good Habit That Can Make You a Millionaire? Never spend more than 3% of your gross income on consumption. That is, food, rent, cars, clothing, etc. Invest 97% preferably in your own little side business. Written by William G. Hill October 4, 2019August 23, 2020
Money How to Start Trading Precious Metals like Gold or Silver? What should be the budget to start? You don’t need any special budget. Probably allocating 10% to 20% of your total savings to silver (and if you can afford it) gold bullion coins seems like a good idea for a passive investment. Gold takes up a lot less space. Written by William G. Hill October 3, 2019October 5, 2020
Money Is It worth Investing in the Stock Market? Stock market investing is not the best shoot. But I am diffident about any global conspiracies. In the 2007–2008 crisis generally blamed on a conspiracy of greedy “banksters”. I saw other factors at play. The government abolished racial and other restrictions on lending. Rather than get sued, Written by William G. Hill October 1, 2019August 23, 2020
Money Who Inherits Wealth from the Millionaires If There Is No Will? It would be rare for a millionaire to have no will, but it does happen sometime because some people think they are immortal. If someone has no will, and no legal heirs are found, it escheats to the state. That means the government takes it. Written by William G. Hill October 1, 2019August 23, 2020
Money What Is Unequal Distribution of Wealth? When people hear about “Distribution of wealth” they think there is some greater power that distributes wealth, but there isn’t. And there shouldn’t be. Written by William G. Hill September 30, 2019August 23, 2020
Money How Rich Is Too Rich? For one answer consider what happened when the old USSR broke up. All wealth was in the hands of one “authority” who most people thought could be trusted to do things intelligently and fairly. Everything was privatized. All the workers got equal shares in the enterprises they worked in. (Yes I k Written by William G. Hill September 30, 2019August 23, 2020
Money What Is the Number One Thing All Businesses Need? It should be wanting to generate cash, also wanting not to lose it. What comes first, the chicken or the egg? If you are in the biz of selling chickens, best to make chickens your priority. If you are in the biz of selling eggs, make that your priority. Written by William G. Hill September 30, 2019August 23, 2020
Money Is Creating Wealth a Zero-sum Game? Let’s keep it simple. Example: There are two people on earth. One guy cuts down a tree and makes a boat. The other guy says “Lend me your boat so I can catch fish and I will give you half the fish I catch.” Written by William G. Hill September 27, 2019August 23, 2020
Money Is It Worthwhile to Strive to Become a Millionaire Being a millionaire isn’t something out of the ordinary any more. A fairly ordinary home in many towns in the USA and Europe is worth over a million. The family home my dad bought in 1939 for $300 (yes three hundred dollars total) recently sold for $2 Million. Written by William G. Hill September 27, 2019August 23, 2020
Money Is There an Easy Way to Become a Millionaire? 75 years ago, having $100,000 in net worth was much better than being a millionaire today. You could have a palatial home, a Cadillac Limo, servants, and so on. There is no way to do that with a mere million today. Written by William G. Hill September 26, 2019August 23, 2020
Money How Motivated Are the Extremely Rich by More Money? This is a topic much commented upon by economists. It is called “marginal utility.” Think of it this way: A thirsty guy in the desert will give anything for a glass of water, but the same person in a swimming pool with water cooler nearby won’t pay anything. Written by William G. Hill September 23, 2019August 23, 2020
Money How Does Old Money Compare to New Money? How does old money compare to new money? Old money is generational wealth. New money is first generation wealth. Find out how else they compare. Written by William G. Hill September 23, 2019September 20, 2020
Money How Do People Get Rich from Trading Stocks? Probably not! 98% of all day traders lose all their money in the first two years. As to long term investors, the usual assumption is that people will make a certain return like 5% or 10% per year on their invested money. Don’t believe it! In my experience with dozens of high net worth clients, it Written by William G. Hill September 23, 2019August 23, 2020
Money How to Make Safe Investments That Guarantee Profitable Monthly Returns If you’re new to investments, you might be wondering, “How to make safe investments that guarantee a good monthly return?” Here are some tips to get you started. Written by William G. Hill September 20, 2019October 5, 2020
Business How to Start a Remote Business Interested in knowing how to start a remote business? Check out the listed steps to take in order to set up your first remote business. Work from wherever you happen to be. Written by William G. Hill April 9, 2020October 5, 2020
Business Travel 17 Ways to Make Money as a Photographer | Travel Edition Quick Summary ↬ Learn 17 profitable ways for making a living as a photographer. Learn how to recognize opportunities in the photography business, what to avoid and how to wear many hats to take on multiply assignments. Have you ever wondered how to pitch your photography business to models? How to Written by William G. Hill November 23, 2019January 2, 2021
Business How to Start an Email Marketing Business Summary ↬ A promotional letter or an online advertising message introduces, plugs, or promotes a product or service. Most of us consider a promotional letter “junk mail”, but we also think successful marketing letters are nothing less than an art form. Learn how to compose an email letter that Written by William G. Hill November 17, 2019October 9, 2020
Business How to Become a Copywriter – Hands on Guide Quick Summary ↬ Every business needs one thing more than anything else, and that is Sales. If you can help people sell more of their products or services, successful entrepreneurs will hire you on the spot. Why? Because you are making them money without any risk or downside to them. I write for a Written by William G. Hill September 23, 2019October 5, 2020
