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Archives for: August 2007

Money in a Bottle

by Maxmakingmoney @ 2007-08-28 - 15:36:30

Here's a great way to make some cash without doing anything difficult. Become a wine collector. How's it work? Simple. Read on.

Wine takes on added value through the aging process. To get a really nice wine, you either buy it young and keep it around for a few years. Otherwise, you buy an aged wine from someone else who has kept it around. You follow me? Just by setting an area aside for aging wine, the wine you buy today will increase in value. Ten years from now, you can sell it for many times the price you paid for it.

Wine grows in value faster than the stock market and with more guarantee than real estate. While real estate prices can fluctuate, the price of a really good cabernet does not. You don't have to be an expert. Simply read up on wine so you can pick the ones that tend to increase in value the most. Dry red wine does very well for the collector.

The most important thing to remember is not to repeat the error that so many people do. Many people start off thinking that they will make tremendous money from their wine collection. Then, they figure why not drink a bottle themselves. Before they realize it, they have drank their entire collection! You need to have patience to store fine wine in your house and let it age. You need even more to finally part with it, even for a great profit, just when it has come of age.

You just have to decide why you are collecting. Are you in it for the wine or in it for the money. If it is just a means to an end (getting rich), then you need to enforce a little self-prohibition.


 
 

Why You Need To Earn More

by Maxmakingmoney @ 2007-08-02 - 12:21:13

Many people say that you should be happy with what you have, that it is somehow wrong to want to earn more money. I think that is pure nonsense. While it may be politically correct to admit it, we are all happiest when we acquire stuff.

Everyone has that one thing they would love but can't yet afford. I remember a friend who said he had everything he ever wanted. He earned a reasonable salary and was very content. I knew that his hobby was riding a mountain bike. So we went biking together last week and I had a local bike shop led him one of the best bikes in the world. Guess what? This perfectly content guy is now writing website material night and day to save up for that model bike. The morale? Everyone has a weakness.

But don't worry, I want to tell you that it is this "weakness" that motivates us. The desire to acquire is actually a strength, not a weakness and it is what separates us from the animals. We strive for excellence not for its own sake, but for the material rewards that often accompany greatness. Yes, winning an Olympic gold medal is nice. But the millions of dollars from endorsements are even better since they provide a way for the athlete to pursue whatever he or she wants.

So don't try and be "politically correct." Figure out what material goods make you happy and put together a plan to acquire them. Every day you put off your dreams, is another day someone else has achieved theirs. Don't wait until it is too late. Start today and you will see just what you are capable of.

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