Archive | April 26, 2017

What Is the Definition of a Lifestyle Entrepreneur

A lifestyle entrepreneur is someone who is tired of living the template lifestyle that most people have accepted and has decided to create a lifestyle by design. This person has a passion to do something and wants to make a living at it even if that means they are not going to make a fortune doing it. You can live the lifestyle of a millionaire without actually being a millionaire. To accomplish this you will have to make a paradigm shift in how you think about money, career, lifestyle, and what is really important to you in life.

Deciding to pursue your passion in life and make money from doing it gives a person the freedom and feeling of being alive that rarely comes from working a job just to earn money to pay for things that you hardly ever use anyway. Take some time to reflect on what is really important in your life, this will give you the motivation to start your new journey toward a new beginning. A lifestyle entrepreneur might want to travel the world or just be able to spend more time with their family instead of spending 8 – 12 hours a day at work and a couple of hours in traffic everyday.

Anyone can become a lifestyle entrepreneur all they have to do is have a passion for something that they are willing to put some work into to develop and share with others. You can still keep your job while working on your ideas and make the transition to full-time “whatever” when the time is right.

To get started on your passion do some research on what you love by coming up with keywords and start “Googling”. Read as many blogs and articles about your subject as you can then figure out where you can fit yourself in to offer value to people. There is plenty of information on the web about how to set up a blog and market your product or service.

The definition of a lifestyle entrepreneur is whatever you create it to be as long as you are following your passion and living life on your own terms to the degree that you feel comfortable with. Just take the first step towards your dreams, the path will open as you go along. I will be offering tips and strategies on setting up a lifestyle business on my blog in the near future

Debt Consolidation Means A Lifestyle Change

When it comes to personal debt, financial experts from around the world agree on one thing: it is a symptom of a much bigger problem with the individual. Debt can build up slowly over the years until it reaches a point where you are paying off so much debt that your personal income doesnt cover what you have to pay each month and worse, you might have to start taking on more debt to fill the gap between income and expenditure.

Its very easy to get in to debt, with the consumer society we live in we have been led to believe that we can have it all right now and pay for it in manageable bitesize chunks each month. The financial crisis and ongoing recession has proved that the buy now, pay later culture fostered by the credit and retail companies was an unsustainable dream and now many people have great TVs, awesome cars, went on fantastic holidays but have huge debt mountains that have to be dealt with.

Debt consolidation is a great tool for many families to pull themselves out of the miserable debt cycle. The lower rate of interest gives breathing space each month so you can use your income for essential living costs rather than paying off interest on the couches you bought a few years back, it will reduce your stress levels as you wont get new bills every day and you can make that one easy payment each month right after you get paid.

Once youve consolidated your debt though you need to rethink your lifestyle and attitude towards credit. If you havent already, now might be the right time to cut up those credit cards particularly the store cards that have crazy interest rates. A new attitude needs to be adopted of waiting to have the money to buy something rather than having everything now and repaying it later. The consumerist lifestyle also needs to be rethought; do you really need to take a foreign holiday each year? Can the gas guzzling SUV be traded in for something more economical? Is there a cheaper place to buy groceries and apparels?

The danger with debt consolidation is that you dont change your lifestyle and manage your income and expenditure to ensure you dont spend more than you have each month. Debt consolidation is your second chance to get your finances in order there isnt a third chance because if you fail to change your ways after consolidating your debt and continue buying gadgets and going out to restaurants and then paying for it all on credit then you risk losing your home, family and lifestyle.

Its a pretty scary thought so once youve consolidated your debt, change your ways, change your attitudes to money and think of the relief youll have in 5 years when you are finally debt free.

The Pros And Cons Of Hedge Funds Investments

All savvy investors take time to ponder over their investments. If you are an accredited investor, you have more to think about simply because there are investment options available to you that the general public does not have access to.

For clarity of thought, it is always a good idea to make a list of the pros and cons of each type of investment instrument. As an example, we will briefly discuss the pros and cons of hedge funds investments.

CONS

1) Hedge funds come with high management and performance fees. This may not necessarily be a con, as you shall see later.

2) Hedge funds do not require full disclosure like public funds. As a result, it may sometimes be hard to obtain precise information on trading strategies.

3) Hedge funds are usually not available to the general public. They are more commonly for certain qualified accredited investors. For this reason, access is often restricted.

4) Hedge funds may use proprietary trading strategies. Such strategies may be complex and difficult to understand.

PROS

1) Diversification: The proper hedge funds use a multiple manager/multiple strategy approach to insulate their funds from weaknesses or drops in the markets.

2) Hedge funds, when used appropriately, can be used to reduce investment risks (E.g. short selling). Funds can perform well in up and down markets worldwide.

3) As hedge funds are exempted from stringent disclosure requirements, they allow fund managers more freedom to buy and sell assets, or to employ any trading strategies that they deem fit. This allows the fund managers to respond quickly to market changes.

4) Due to the growth of the hedge funds industry as a whole, there are more options available to the accredited investor.

5) When a hedge fund trading strategy works in your favor, the returns can be much greater than traditional public funds.

Ultimately, as an investor, your challenge will be to find the right mix of funds that will achieve the highest possible return in the shortest amount of time. To achieve this, it is always a good idea to speak with a qualified advisor, as hedge funds are notorious for being secretive.

Speaking to a qualified advisor will help you to:

1) Learn more about the different types of hedge funds available in the market, and determine whether you are qualified to invest in these funds.

2) Understand more about the different trading strategies used by each hedge fund to invest in a variety of assets.

3) Make wiser hedge funds investment decisions.

To ensure that you make wiser investment choices, get as many opinions as you can – either from investment forums or blogs (one of the largest isnvestment forums is stock market forum and stock market news at StockMarketsReview.com). Ultimately, the more knowledge you gain, the less mistakes you will make and the more profitable your investments will be.