August 2009
You are currently browsing the articles from Immigrant Millionaire written in the month of August 2009.
Prior to investing blogs, there were these anonymous chat rooms explaining and offering various investing tips to the investors. Today, a web log can be written by anyone who wishes to offer investing ideas. But writing an investment blog that will actually benefit the investor with regard to his disposition is not an easy task. It not only requires expertise but a certain amount of precision as well. The most fundamental requirement for an investment blog is proper and effective investing ideas. They should then be coupled with astute commentary and in order to make them more effective, you need to post them in a very swift manner.
If you take a peep at the investment sites, you would find that a lot amongst them are characterized by grammatical errors, advertisement overdo and poor navigation, but, in spite of these impediments, they are popular with the investors. The reason is that investors are simply concerned with the manner in which the investing blogs are able to guide them to make money. The manner of presentation should be such that the investor is able to effective decide from the distilled barrage of regular financial information that is otherwise available in a scattered form. The aspects that ought to be catered to include the details about the investing and investment process, dividend investing, asset allocation, stock selection for investment, tax planning, portfolio management to name a few.
Written by srini on August 31st, 2009 with no comments.
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Without 32 hours of food and just one phone call in her stock, Leticia Walpole had an eye for an enterprising opportunity. At 21, she began her journey from Mexico City to start off as a housekeeper. After two decades she arrived at Indianapolis as a successful immigrant. Since then, she has been serving as a Hispanic recruiter for the Indiana National Guard. She had launched her own business at a very humble scale but, she took care to use the opportunity to provide motivational presentations in order to effectively inspire and offer hope to students belonging to every age.
Walpole dreamt of entering the Mexican military but women were not allowed to become a part of it. Her father too was extremely non-supportive of her education. But, through her diligence Walpole managed to attain a mechanical engineering degree. After her housekeeping stint, she joined the Mattel Inc. plant at Tijuana. Her contribution to improve the production of the toy-making plant impressed the company president and he sponsored her journey as a successful immigrant to the United States. She took the test to enter the California National Guard. She worked with Chevron and attained a bachelor’s degree in science, Spanish and liberal arts from the Seattle University. Due to her immigrant status, Walpole was able to entirely understand the problems of the Hispanic community and devoted her heart for the cause of the Hispanic children and at 40, today, she relentlessly works for the furthering of their education.
Written by srini on August 31st, 2009 with no comments.
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Whether you are planning to purchase a house or devise a retirement plan, an expert advice goes a long way in ensuring that you are able to attain your objectives, that too with financial security. There are various aspects to be taken care of in this regard: taxes, legal facets, retirement factors, investment details, insurance and estate. All these elements may not be directly included in your plan but they need to be taken care of with due importance. A specialized financial planner can effectively evaluate your circumstances and simplify the choices before you. If you are looking for money saving tips, through tax savings, energy savings and account interest savings, you need an investment advisor and a proper investment strategy in place.
The financial planner will help you understand the responsibilities associated with the services available and their limitations. After you decide on the terms, he collects the necessary information to analyze your situation. It is now time to devise a personal financial plan and suggest investment strategies that will aid you attain your goals. In accordance with the elements selected by you, you financial planner applies the strategies and coordinates them with the other professionals. He is basically required to effectively monitor all you investment actions and work to align them with you objectives and in the process help you to build an effective investment portfolio.
Written by srini on August 30th, 2009 with no comments.
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Anne visited Hawaii for a vacation and she discovered an amazing business opportunity. Although at the beginning, she found the laid-back lifestyle in contrast to her enterprising nature. She observed that there was a total lack of high-end services at Hawaii, particularly in the travel sector. She brought about a dramatic change in the scenario after she launched the Hawaii Hideaways in 2004. This is how a 24 year old emerged to be a millionaire through sharp observation and judicious usage about the available avenues.
The story of this successful millionaire took shape as Anne drew her resources from the handful of successful clients that she had served in her previous consulting occupation. But, the local home-owners were naturally skeptical to hand over their multi-million dollar estates to a mere twenty-something girl. She took up the challenge and succeeded in winning their confidence within an hour as she just had to prove herself and lose nothing in the process. Within a very short period, she was successful in building up her inventory of rentals and evolved as the leading provider of high-end vacation cervices in Hawaii.
If you had been wondering on how to be a millionaire, here is a glaring example on how Anne with just five full-time employees, managed to set this brand Hawaii Hideaway. She offers 24-hour concierge services, rents out luxury properties, luaus and yacht charters to massage parlors and personalized birthday cakes.
Written by srini on August 30th, 2009 with no comments.
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The investors and consumers usually target to attain the high yield earnings through their savings and CD instruments. As the interest rates are lowered by the bank, the savings and money markets are low on liquidity. Then, as the CD rates are so dependent on its erstwhile 4-5% yield, the investors are left wondering as to whether it would be better option to take on additional risk and wait for a higher yield or settle down with the lower yields.
Here are certain alternatives for the investor:
- He can go in for the high yielding savings and CD accounts. When a bank is unable to compete with their competitors, they are apprehended as ‘bad’ by the investors due to their high interest rates. They are then compelled to cut their rates.
- The high yield municipal bonds can also work pretty well. There are other investment instruments with a wide array of alternatives that presents tax-free income options. The risks also get aptly diversified with the superior performance of some of the municipal bond ETFs. They may not be as high as that of a healthy economy; still the 8% mark is appreciable during a financial recessionary period.
- The high yield bonds ETFs are alternatively known as junk bond’ ETFs and they offer a handsome payout. The high yield stocks are also a great option. Income can be generated from selling puts and calls too.
Written by srini on August 29th, 2009 with no comments.
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A millionaire image has always been associated with private jets, collect cars and a flashy lifestyle. But, a lot of the modern day millionaires love to reside in middle-class neighborhoods and work full-time. Being a millionaire allows one to make unrestricted decisions. During the last decade, the number of millionaires almost doubled. There are certain common traits that ought to be inculcated if you want to know how to become a millionaire. In countless millionaire success stories, you’d find that the respective person must learn to think big. Dreaming big will always act as a motivation. They commonly observe that fear of dreaming big prevents people from taking even calculated risks. They therefore stand to lose on available opportunities.
Like, Jeff Harris used to be a grocery store clerk in his earlier days but, his world seemed to change once he came across a stock-broker at a Christmas party. He decided to invest $25 in a mutual fund every month. This along with few other judicious decisions has made him an investment adviser and a multi-millionaire in South Carolina.
In order to become a millionaire, one needs to educate himself on the opportunities so that he can reap the maximum benefits. Then, a lot of millionaires opined that being passionate, having a heart to overcome the obstacles, reinvesting in ones’ hobby can enhance the investment capital. And, the biggest secret is to perhaps curtail the expenditures.
Written by srini on August 29th, 2009 with no comments.
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It is basically a life-time exercise to devise an effective savings plan through proper investment. A tax-saving investment strategy can aid you in building a lump sum provident fund account. Saving in a provident fund has enormous advantages. It is backed by the state and offers considerably high return. There are tax-exemptions on the interest earned and above all, its effective post-tax return is pretty handsome.
An individual who has just begun to build his career, this is an important prospective to start off with. A regular contribution can offer long-term dividends. During this time, person is likely to be burdened with lesser responsibilities. As such, he can indulge in a bit investment risk like the equity mutual fund. A lot of financial experts are also of the opinion that it works better if calculated investment is targeted at these equity linked savings schemes of the mutual funds.
A basic term-insurance life policy is perhaps the cheapest mechanism to earn the maximum profit from an insurance investment. Then, there are the Fixed Income Instruments. Although they are incomparable to the equity investment, they offer assured and safe returns for investments. As they are free from any market risks, the investor stands to receive a specified amount at a stipulated period. He gets to build a stable portfolio. These are particularly appropriate for investors who are who are nearing retirement.
Written by srini on August 28th, 2009 with no comments.
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The filing period for the H-2B visa shall be reopened by the USCIS for the current fiscal year 2009. This H-2B visa is of great help for those foreign workers who visit the US in order to work in a non-agricultural position at a temporary status. This of course, occurs when a US employer sponsors them. In order to avail of this opportunity, the immigrants would require some amount of cooperation from the US employers too. They need to express that there is a prevalent dearth of work force in the US, which makes the hiring of foreign labor essential. The occupational sectors like education, construction; healthcare, manufacturing, food service/processing, resort/hospitality and landscaping require the most immigrant talents. The US employers are simply required to file an application for temporary labor certification to the US Department of Homeland Security that they would like to sponsor a foreign worker.
If the petition for the H-2B visa gets approved by the USCIS, the immigrants also have the option to apply for the H-2B visa from his nearest US consulate. This will allow the immigrant worker to enter the US and work for his employer.
The filing period for the H-2B was terminated by January, 2009 but, the Department of State had issued just 40,640 H-2B visas and about 25,000 visas were left unissued. However, the H-2B visa petitions ought to be completed before the end of September 2009. This process can be completed through the premium processing.
Written by srini on August 28th, 2009 with no comments.
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Our house is perhaps the largest investment that we make in life. As you increase the value of your house through effective maintenance and improvements, you invariably protect the savings that you have put in it. For major renovations, the expertise of a professional contractor is required but there are a whole lot of avenues that can be taken care, if you devote a little bit of ‘sweat equity’. With each single step, you can add to your house value enormously. Your house can also be your future investment option.
The quickest and by far the easiest way to take care are by painting the interior and the exterior of the house. It gives the house the desired face-lift and a conservative color selection makes it more appealing to the prospective buyers, that is, if you plan to sell it off in the future. Another expensive, yet valuable option is to put on a new roof. It adds to the overall market value and presents a whole new definition to the house. A new roof has a 2-3 decade warranty and is thus, a smart investment option. Replacing the worn-out wooden windows can not only improve the appearance but help amazingly in energy conservation. The kitchen and the flooring are the other points top take note of.
A little bit of an effort coupled with some judicious alterations can not only give a proper face-lift to your house but also effectively protect your investment.
Written by srini on August 27th, 2009 with no comments.
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The United States underwent a radical change the year Sen. Edward Kennedy became a sponsor to the Immigration and Nationality Act, 1965. This acted as a launching pad for his political career too. Prior to 1965, no immigrant could land at the united states apart from those from the Western Europe. As observed today by a political science professor at the University of Massachusetts, the legislation did away with the operational discriminatory quotas. It resulted in family reunification being the principle reason for immigration as observed in the current times. Loads of people from Latin America to Asia came into America and one can observe that the 10 million foreign-born populations climbed up to a whopping 30 million within the following four decades.
This resulted in an immigration chain, where the wife followed along with the children and then the parents, later on followed by the extended family and even friends and acquaintances. Then, those who were entangled in the immigration enforcement laws and people who were residing in America in an illegal manner also obtained great help from this senator. Some 361 immigrants were detained in a factory raid. In 2007, Kennedy visited New Bedford to visit these detained families and later on he succeeded in convincing the Immigration and Customs Enforcement department to issue special guidelines with regard to the immigrants who had children. Although, he was working with Sen. John McCain to introduce a bill that would have helped some 12 million immigrant families, it failed.
Written by srini on August 27th, 2009 with no comments.
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