Four Pillars of Income Financial Freedom Blog

Achieve Financial Freedom and Build Wealth for Keeps

Archives October, 2009

31 Oct

What if you misstate your net worth for an Online broker Application?

A) If they find out that you are wrong will they cancel your account?
B) Could you go to jail?
C) Could you get a huge fine?
I am assuming that you are asking about opening your own trading account, wherein you are asked for your net worth.
Brokers ask this question in part to determine if you can [...]

31 Oct

explain reasons why someone would want to save and build up wealth in order to invest that money?

some do it for extra backup money in case they need it, but some also do it because they just want more money. I figure if someone has a lot of saved up money that is enough for their future and any unexpected incidents they shouldnt risk that money in investments, you might make [...]

28 Oct

What are the top three most important things towards financial freedom?

Financial freedom can be said to be achieved when you have no Debts to repay.
where all your financial needs are met from your own resources.
where you have achieved credit rating for your financial transactions.
Where your Business associates look towards you for financial guidance and appreciate the manner you effectively handel your finance.

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26 Oct

What is financial freedom? Is it having plenty of money or is it having freedom to spend?

Financial freedom is freedom from worry about money. You have way more than enough to meet your needs and it is coming in all the time. If you see something you want, then the price is of no concern to you.
It is really not the freedom to spend. You probably have all the "things" you [...]

24 Oct

Does anyone know any estimates on the Net worth of the combined glogal church?

I am trying to find statistics on the combined net value (assets less debt) of all Christian churchs combined.
For some reason your question has appeared in the section about Visual Arts (Painting).
Try asking in Society & Culture or Politics & Government.

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24 Oct

Is it better to build wealth by buying real estate, or investing in stocks?

I was talking to a friend who assured me that buying real estate is a better way to build wealth then stocks, but I don’t agree with this. He assured me that it was common knowledge and "thought in all business schools", but haven’t certain stock indexes outperformed the housing market year after year? In [...]

18 Oct

How many families do you know that are debt free?

You know, you have to borrow money to freaking go to college, our system went wrong some where!
troll

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18 Oct

How many families do you know that are debt free?

You know, you have to borrow money to freaking go to college, our system went wrong some where!
troll

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10 Oct

Is there a web site to manage my net worth that updates misc accounts in real time?

I’m wondering if there’s a Web site or service that will allow me to enter my financial accounts and it calculates/populates my net worth in real time. For example, a site that I can enter in various stocks, 401ks, IRA, savings accounts that I own as well as debts/liabilities and it tracks and updates these [...]

04 Oct

What percentage of your net worth should be in real estate?

I know that the number goes down the higher your net worth but can some one give me some good estimates. Example:
300,000$=95
400,000$=80 ect.
All the way to 30 million. Thank you?
Boy, your examples are WAY too high.
The more money you have, the more you can afford to have nonliquid assets, which is what real estate is. [...]

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