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The harsh truth about pension plans

9. May 2010

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The harsh truth about pension plans

Let's face it: we all grow old some day. And when we do, we want to keep living in the same way we have become used to. Which means we need some sort of income. The standard way this desire is met, is by using a pension plan. However, did you know that most people with a pension plan will never see all of that money?

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How successful entrepreneurs organize their business advisers

30. March 2010

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How successful entrepreneurs organize their business advisers

All successful entrepreneurs have a group of business advisers. Basically, this group is a number of people that you have around you for advice. But let's face it, we can't just go to anyone for entrepreneurial advice ... so how do we pick the people we need in our adviser group?

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Why every entrepreneur needs a personal coach

26. March 2010

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Why every entrepreneur needs a personal coach

In the last year and a half that I have had a coach, I have had amazing things happen to me. Do I think this is coincidence? Not a chance. It has to do with creating a surrounding for yourself in which you can blossom.

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10 Smart Tips for an Excellent Job Interview from a High Ranking Bank Executive

16. March 2010

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10 Smart Tips for an Excellent Job Interview from a High Ranking Bank Executive

Recently we hired two people and already I am looking for another person to hire. Because I have only limited experience in handling employees and hiring people (I only employed 1 person before), I decided to see if there were people who could help me. So I contacted my coach and I asked around in my network for people with extensive knowledge on job interviews. A high ranking bank executve of a big international bank who is a friend of our family wanted to help me out. He has about 30 years of experience with hiring people, so this was a great opportunity. Whether you are an employee or a business owner who has never had a job in his life, at some point you will be faced with a job interview. You are either holding the interview or you are there applying for a job. Either way, these tips will help you a lot!

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The 8th Wonder of the World – Compound Interest

8. March 2010

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The 8th Wonder of the World – Compound Interest

When you put money on a savingsaccount you receive interest. Usually banks will give you between 2 and 5 % interest on your hard-earned money. Apart from there being easy ways to make higher interest rates (which we won't go into now), it is imperative that you understand the concept of compound interest. There is not a single other concept that has made more people into millionaires than compound interest!

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Inflation and Recession explained by Paul Krugman

3. March 2010

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Inflation and Recession explained by Paul Krugman

Have you ever heard about those 'good old days' when a cup of coffee was only 25 cents? Or when a beer only cost 50 cents? Then you probably also think that prices have risen dramatically and that we can now buy much less than our parents or grandparents could at our age. But that isn't the case, because prices rising is in fact a consequence of inflation. So what is this phenomenon exactly, and how does it influence the economy? Let's examine a fantastic explanation of inflation and recession by Paul Krugman.

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The millionaire minute

23. January 2010

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The millionaire minute

There is something that all rich people do but most others do not do. It is a distinction in their personalities which leads them to accumulate more money than other people do. This article will tell you what it is. And best of all, it is so easy to do that anyone can do it!

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Professional Time Management with Stephen Covey

8. January 2010

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Professional Time Management with Stephen Covey

When I just started as an entrepreneur, managing my time was easy. I didn't. I just put every bit of energy into my company. Of course I also had my education to focus on, but obviously it suffered. Sports suffered too, as I stopped playing any sport for about one or two years. Almost every bit of time went into my company. And then it failed. I felt miserable. Something had to change.

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December 2009

5. January 2010

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December 2009

Here is another monthly report. I'm happy to see that the line is picking up, hopefully to stay around a higher level for a longer period of time. The most apparant reason for the line to be higher is my health; I have recovered from my back injury. And since health is the second most important factor in the wealth formula, it has a very big impact.

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How to accept yourself

29. December 2009

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How to accept yourself

Every year at the end of December, I sit down and go through my agenda of the last year. I revisit all the events that have taken place, because while they were happening, time seemed to fly by without slowing down. In all fairness, time seems to go by faster and faster these days. Reflecting back on the achievements of a year slows time down again. It is a great technique. Please note that I am not one to boast. The reason I am reflecting is because I need to feel good, but I don't. I don't think that I have achieved much, if anything. Every day I think about where I want to go, instead of accepting that where I am is actually the best place to be!

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