Since starting with PennyStocks.com aprox. 3 months ago, I had a 109% cash gain to my account, this by following the stocks closely and following (not all) but most of your advices, keep up the good work! Also I realize the gain was made in troubled time for the nasdaq and world wide stock market, so I am impressed.
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Money is the Root of all Production
November 14th, 2006
You've heard it said before - "Money is the root of all evil."
That is not unlike the negative connotations against penny stocks, which are also unjustified.
People believe to create wealth, you need to climb over others, or stab people in the back. Some think that to be rich, you need to work like a dog, and forsake time with your family. That is simply not the case.
Wealth is not generated by hard work, but by smart, effective work. Working tactically on the right thing will get you much further than working really hard on the wrong thing.
That's why you see so many people, working so hard, and not having the financial results to show for it.
Consider investing in penny stocks, for example. You could make a year's salary by getting involved with the right penny stocks, and that would take only a matter of hours. Smart hours.
In terms of forsaking your family for the pursuit of wealth, money is actually a tool to enjoy the family life you want, and to take care of your loved ones. What is the one most popular reason that people do not spend time with their families? "I have to work." And why do you have to work? "To make money."
So, when people in my life express that they think money is the root of all evil, or they imply that wealth is some malicious demon bent on the deterioration of mankind, I direct them to three resources. These may challenge your assumptions:
Rich Dad, Poor Dad - by Robert T. Kiyosaki
Secrets of the Millionaire Mind - by T. Harv Eker
Atlas Shrugged - by Ayn Rand. (This is the most intelligent book I have ever read, written by the most talented author I have had the pleasure to encounter. Unfortunately, it is 1,200 pages long and I read slow, so it took me many months to get through!)
In fact, to save you having to read it to get the relevant message I am discussing, I will just paste an excerpt here. This is a wonderful philosophy on the importance of money in society.
P.S. Special thanks to Mrs. R., my executive assistant, who typed out the important section for me. I know you read all my blogs, so you'll see my thanks.
Rand, Ayn. Atlas Shrugged. New American Library, New York, N.Y., USA. 1957.
P380-385
“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?
“When you accept money in payment for your effort, you do so only on the conviction that you will exchange it for the product of the effort of others. It is not the moochers or the looters who give value to money. Not an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor – your claim upon the energy of the men who produce. Your wallet is your statement of hope that..."
To be continued in my next penny stocks blog...