Wealth Tactic #1: You have to move.

Sometimes it can be hard to move from thinking about investing to actually doing it. And let's face it; in the throws of our harried society, it's easy to put off. But nothing could be further from the truth, the sooner you move the better. Your money does no good collecting dust in a bank - seek to further understand all the investment options available to you (traditional and non traditional). There are options that allow you to make money in a rising and falling market/economy.

 

Wealth Tactic #2: Know your numbers.

What were the latest quarterly returns on your investments? Too many times investors turn their portfolio over to an adviser and seemingly forget about it. Did you know that advisers get commissions regardless of your financial performance? They profit, and you lose (how fair is that?).  It's your money, and if it's not doing well, you should have the freedom to make the necessary adjustments - without penalty.

Wealth Tactic #3: Look at major corporations.

To understand how these major corporations make money in a depressed economy, you have to understand their secret. For a number of years, these groups have utilized the foreign currency exchange, foreign bank interest rates, and ARBITRAGE for large influxes of cash. Until recently, very few private investors have had the dollars, experience, or clout to even step into this playing field.

 

Wealth Tactic #4: There is no successful "silver bullet" to get rich quick.

The books, software, and strip mall brokerage firms help authors and employees get rich fast, but typically leave you (the investor) with empty pockets and a sour taste toward the world of finance. Investments should be made for the medium and long term and with patience. Don’t let others walk away with the money that you worked so hard to earn.

BASIC Wealth Tactic #5: You CAN profit from chaos.

With global food shortages, failing economies, imploding bank infrastructures, and the traditional pillars (stocks, bonds, IRAs, mutual funds, etc.) of the financial industry eroding, there are ways you can still make a profit. It’s a matter of timing. During chaotic periods, the disparity between foreign currencies and interest rates is at its greatest, allowing investors to profit from the price discrepancy. The process is called arbitrage - the simultaneous purchase and selling of an asset or security between foreign markets.