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Dr. Kalinda Rose Stevenson
Make Money Formula: Entrepreneurs…Do You Know The One Essential Ingredient The Bankers Left Out?
Welcome back!
The “make money” formula is really very simple, yet some of the biggest banks in the world got it wrong because they left out one essential ingredient.
What is the formula and what essential element did the failed and bailed out banks leave out? Read more
Tags: banking crisis, banks, financial crisis, make money, making money, mortgages, securitization, valueRelated posts
Financial Crisis Silver Lining: The Money-Making Mindset Entrepreneurs Can Learn From Bankers
The global financial crisis has a money-making silver lining for entrepreneurs.
The idea of a “silver lining” comes from the old proverb, “Every cloud has a silver lining.” The proverb looks for some unexpected good outcome following some bad event.
For many entrepreneurs, business owners, real estate investors, and wage earners, the financial crisis is all too real, leaving millions with devastating losses.
What is the silver lining in all of this? Read more
Tags: bank meltdown, bankers, banks, entrepreneur, financial crisis, make money, making moneyRelated posts
Money Making Blind Spot. Why Economists Couldn’t See The Financial Crisis Before It Happened.
Money Making Blind Spot. One of the most disturbing elements of the current financial crisis is that so few people saw it coming. This is especially true of people who spend their entire lives studying economics and financial markets.
This is why a statement, such as the one by the former Chairman of the Federal Reserve, Alan Greenspan, is such an astonishing admission. In testimony before the House Oversight Committee in October 2008, Greenspan admitted that that he was shocked at the economic crisis. He never saw it coming,
The 82-year-old Mr. Greenspan said he made “a mistake” in his hands-off regulatory philosophy, which many now blame in part for sparking the global economic troubles. He quoted something he had written in March: “Those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity (myself especially) are in a state of shocked disbelief.”
He conceded that he has “found a flaw” in his ideology and said he was “distressed by that.” Yet Mr. Greenspan maintained that no regulator was smart enough to foresee the “once-in-a-century credit tsunami.” Greenspan Admits Errors to Hostile House Panel
Why would people who devote their lifetimes to studying economics and finances be so blindsided by what has happened recently?
Robert J, Samuelson raises the question about why economists simply didn’t see these problems coming.
One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades—possibly since the Great Depression—and the one group that spends most of its waking hours analyzing the economy basically missed it. Oh, a few economists can legitimately claim some foresight. But they are a handful. Most were as surprised as the rest of us.
Economists Out to Lunch
Samuelson finds the answer to his question in Niall Ferguson’s upcoming PBS documentary, “The Ascent of Money.”
The most significant part of this explanation concerns money itself.
The creation of money was a seminal historic event; so was the subsequent invention of finance—the saving and investing of money. Without them, we could never have moved beyond barter to a modern economy based on specialization and building for the future. But these advances came interwoven with bubbles, crashes, swindles and hyperinflations. Finance has been a wellspring of both progress and instability. Economists Out to Lunch
The point of the article is that money itself is the root of the financial crisis, but very few economists have paid enough attention to money itself, and so never saw the problems coming.
The crisis originated in financial markets (the markets for stocks, bonds and many complex securities), and yet finance occupies a peripheral position in mainstream economics.
Economists Out to Lunch
This is the blindspot that lies behind the crisis. We want to make money, but we don’t think enough about what those words mean. What does it actually mean to “make money?”
The people who created the financial crisis understood all too well how to make money. One of the most basic causes for the financial crises that have wracked the world is that economists let money-makers make money without any limits.
The real secret to making money is to understand what the words, “make money,” really mean.
Find out what it means to make money at
http://www.makemoneyinsight.com/
“The greatest limit to money is the belief that money is limited.”
For your abundant success,
Kalinda
Dr. Kalinda Rose Stevenson
Author of: No Money Limits For Real Estate Investors:
Discover The Money-Making Secret In The Real Estate Game
That Transforms Your Money Struggles Into Financial
Abundance.
Award Winner of National Best Books Award
Business: Real Estate Category
And Finalist in Business: Personal Finance
Category
Kalinda@nomoneylimits.com
http://www.nomoneylimits.com/
http://www.makemoneyinsight.com/
Related posts
Money Making Secret: Napoleon Hill’s Dirty Little Trick In Think And Grow Rich
A money making secret is the primary topic of Think and Grow Rich, by Napoleon Hill.
Think And Grow Rich is probably the most influential self-help book of all time. Many extremely wealthy people claim that this book was the catalyst for their success.
In his book, Napoleon Hill claims that one secret about making money is what separates the successful from the struggling.
This is what he claims in the Preface of the book. The book reveals “the money-making secret that has created fortunes for hundreds of exceedingly wealthy men.”
But what does Hill do with this money-making secret? Does he reveal it directly?
No.
He makes you figure it out.
This is what he says about the secret.
“The secret to which I refer has been mentioned no fewer than a hundred times throughout this book. It has not been directly named, for it seems to work more successfully when it’s merely uncovered and left in sight, where those who are ready and searching for it may pick it up.”
I don’t know about you, but every time I read these words, I am both annoyed and unconvinced.
If an author writes a book and promises to reveal a big secret, it seems like a dirty trick to keep the secret a secret.
Why tease people when you know something that would make such a big difference in people’s lives.
Certainly, many people have figured out the money-making secret “uncovered in sight” in Think and Grow Rich. But as a teacher, I wonder how many people have not figured it out.
How many people read the book, and continue to struggle because they don’t figure out the secret?
Or how many people think they figured out the secret, but didn’t understand exactly what Hill intended. If you read a little about “the secret uncovered in sight” in Think And Grow Rich, you’ll discover various interpretations.
That is problem with making readers guess what you mean. People guess. And with no definitive answer from the person asking the question, there is no way to know for certain if you guessed correctly.
The fact is, there is a secret to making money. And it has to do with money itself.
- If you are struggling for money.
- If you never can quite figure out what you are doing wrong.
- If you don’t know what you are missing.
The natural tendency is to blame yourself. There must be something wrong with you.
But before you decide that your money struggles are the result of something wrong with you, you might consider a second possibility.
Maybe you are struggling with money because there is something about money itself that you don’t understand.
The real secret to making money is to understand what the words, “make money,” really mean.
If you want to know this money-making secret, without having to guess, go to
http://www.makemoneyinsight.com/
“The greatest limit to money is the belief that money is limited.”
For your abundant success,
Kalinda
Dr. Kalinda Rose Stevenson
Author of: No Money Limits For Real Estate Investors:
Discover The Money-Making Secret In The Real Estate Game
That Transforms Your Money Struggles Into Financial
Abundance.
Award Winner of National Best Books Award
Business: Real Estate Category
And Finalist in Business: Personal Finance
Category
Kalinda@nomoneylimits.com
http://www.nomoneylimits.com/
http://www.makemoneyinsight.com/
Related posts
Free Report: Is Your Money Making Money For You Or Your Bank?
Here is a question for you. If you put your money into a savings account in the bank, who makes money from your saved money?
I have just completed a free report, “Who Is Your Money Working For? You Or Your Bank?”
The goal of the report is not to bash the banks, but to identify what happens to money itself when you save it, and how “saving” money limits your ability to “make” money.
The report is available for immediate download at Free Report
For Your Abundant Success,
Kalinda Rose Stevenson, Ph.D.
kalinda@NoMoneyLimits.com
www.NoMoneyLimits.com
PS. Do you understand how the current economic crisis is directly related to what bankers understand about the nature of money? Find out how the banks made money out of thin air, in “No Money Limits For Real Estate Investors.”
Award Winner of National Best Books 2007 Awards
Business: Real Estate Category And Finalist in
Business: Personal Finance Category
Related posts
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