Affirmations Based on "Rich Dad, Poor Dad" I'm sure most of you have heard of, and perhaps read the book "Rich Dad, Poor Dad" by Robert Kiyosaki. If you haven't read it yet, I highly recommend it along with his book "Cashflow Quadrant." Both of the books are simplistic and introductory by design. But there are some important concepts that Kiyosaki highlights that are fundamental to accumulating wealth. Here are a number of Power Affirmations that I have created based on studying his material. [More] The 8 Biggest Mistakes When Designing Portfolios - and How To Avoid Them 4. NEGLECTING THE EFFECTS OF PORTFOLIO MANAGEMENT EXPENSES. Over time, the compounding effect of portfolio management expenses can be quite large, thus depriving you of better returns. For this reason, you should focus on minimizing portfolio management expenses, specifically trading costs, advisory fees and taxes. 5. MAKING INACCURATE RETURN FORECASTS. Forecasting is the single most difficult task with designing portfolios. Although not a perfect solution, using historical returns rather than making forecasts is generally considered more appropriate for individual investors. [More] The Differences Betweeen the Wealthy and Everyone Else The person who becomes wealthy believes differently about money than the person who doesn't. Example: The wealthy BELIEVE that "money should work hard for you" while the poor and middle class BELIEVE that "you should work hard for your money". These are opposite beliefs - so, the rich keep FINDING WAYS to have money work for them, while the poor and middle class keep FINDING WAYS to work harder for money. See the difference in beliefs, that ultimately effects the person's behavior and their results? Another example: If I believe that every person is valuable, then what happens? [More] What Does Asset Allocation Mean Asset allocation refers to the positioning of various assets in an investor's portfolio with the intention of maximizing the potential for a return on the investor's money.. Winners and Losers for Week Ending 09/15/06 A few big winners this week… ANGN +91%, APCC +22%, APCC +22%, APN +25%, BJRI +21%, CAMD +21%, EDU +25%, FNET +66%, FSL +22%, GRA +22%, IRBT +25%, LQDT +27%, NSS +40%, OIIM +21%, PRGX +76%, QMED +28%, RFIL +42%, RWC +28%, SIMC. John McCabe's Web Guides: Is a 1031 Exchange For You? Is a 1031 Exchange For You? If you invest in real estate, I'm guessing you want to grow your wealth as much and as fast as possible. One of the things holding you back is taxes. 1031 exchanges provide a .