Showing posts with label Retire Rich. Show all posts
Showing posts with label Retire Rich. Show all posts

Monday, February 18, 2013

A Real Retire Rich Story

 
This week I would like to submit you a very interesting case study that it was also showed on Discovery Channel’s “Europe’s richest people”. 
 
Indeed I think it’s extremely important to study rich people, how they did make their fortune and how did they manage to keep their wealth along the years.
 
I won’t reveal this person’s name for now but I can anticipate he’s a famous pop singer who went through some real hard times before he made it and who during his long career he collected something like 87 among gold and platinum discs. 
 
What’s interesting however is the fact that instead of squandering all of his money in a short time or living a losing life which would had ended in misery, like many people in the sport or in the show business, (among them even some American basketballer who at the latest London Olympics instead of focusing on his own job, tried to pick up another discipline’s gold medallist girl who was instead very smart and flatlined him).
 
During his whole career our singer saved up a fortune of about $110 million and he has been living with his wife for more than 40 years. Together they have four children, nine grandchildren and a beautiful dog.
 
I think it’s a great example of a Retire Rich story. 
 
How did he do it? 
 
Let’s study together the money psychology of this Retire Rich leader.
 
First of all he knew the show business was an erratic world and our singer was enough smart he knew money had to be invested in real estate.
 
With this simple-as-abc statement our singer managed to build a fortune along the years. 
 
It’s amazing to see how such a very simple statement may change a man’s destiny. He was convinced that in an erratic environment you needed financial stability. 
 
And he was right.
 
While you are reading these words, you understand you can adopt these beliefs too, you understand your financial destiny depends on what your beliefs are. Rich beliefs attract wealth.
 
In addition, our singer pronounced some words that could be considered as a real manifesto: “Always invest in the brick ‘cause it’s steady….it’s one of the best investments ever”. “Bricks can’t be spent, they’re there…. I am not a great businessman, my job is singing.”
 
“Always invest in the brick.“
 
”...it’s one of the best investments...”
 
“...Bricks can’t be spent...”
 
While reading these words, you understand that the right intuition about money can also lead you to wealth.
 
Attention and care over his fortune in the early years allowed this singer to keep his wealth. 
 
“How to handle money is very important in today’s world”.
 
“You have to be careful.”
 
“You could have made millions, and find yourself with your bank account empty.”
 
“Always look after your money.”
 
This is an entrepreneurial lesson. You have to learn how to manage your money.
 
Would you know what he invested on?
 
Our singer bought homes and hotels in different places: Las Vegas, Hawaii and Mexico. One of his best buy was the Pink Palace in Los Angeles, that he bought in the 70’s from a Hollywood diva for a knockdown price and which he sold in 2002 for $4 million. 
  
Don’t forget properties are the best investment as stated by a millionaire who has been accumulating properties for 40 years.
 
Our singer’s name is Engelbert Humperdinck.
 
He knows what life worth...
 
I really admire him and I wish to be an example like him one day. 
 
Luigi Foscale

Thursday, January 17, 2013

The Wealth & Health Manifesto

 
I know many people whose only goal in life is to accumulate wealth. According to the common logic, a successful person is someone who owns a large luxury house, a sporting car, a basketball team…the list could go on and on.... and there are also many specialized magazines that keep their readers up-to-date about the latest must-have gadget.
 
However my personal experience taught me that despite many of these material things could satisfy our sensorial pleasure, I am deeply convinced that real success isn’t just about material things.
 
According to German Psychologist Erich Fromm there are two modes of existence struggle for the spirit of humankind: the having mode, which concentrates on material possessions, power, and aggression, and is the basis of the universal evils of greed, envy, and violence; and the being mode, which is based on love, the pleasure of sharing and in productive activity.

I don’t wan’t to debate here Fromm’s thesis but I think that after considering these two approaches it makes more sense “being” a person of success.
 
At this regard I would like to make a real example: there’s this man that we’ll call him “The Banker”. This is a real person but as this blog aims at being an inspirational source even from unsuccessful stories, we won’t report his name here and we’ll leave it anonymous.
 
The Banker graduated cum laude, he worked top jobs in a major financial consulting firm and eventually became the CEO of one of the major Financial Groups of the planet.
 
As a banker he made very audacious choices, and the market followed its gut. The media supported him and praised him for his great organizational skills. Afterwards he resigned from office and his stock option package was equal to an eight digit check.
 
From the professional point of view he did a great job. In addition, if you had to make a ranking about the most successful people on an European scale, our Banker would be mentioned among the first five.
 
However if I would tell you his son is a drug addicted and spend 6 months a year in rehab centers while his wife has an affair with her personal trainer, would you still judge him as a successful man?
 
What do you think he would feel when he’s about to go to bed at night... is he proud about what he created?

Will he be a happy man who’s accomplished about his own life?

I had the chance to meet him and I can say that nonetheless he’s an extremely powerful person, I think he’s hiding a deep sense of depression and frustration.

Why?

Because success, real success, it’s ALSO economic success but it’s not just that.

Can you define yourself a successful person if your affective life is a total disaster?

No.

Until the Western Civilization’s ethics would be exclusively founded upon material wealth, our civilization it can't be defined as really evolved.

Real success, in my opinion and on my life experience, it’s based on 5 areas that have to be in perfect balance:

1. Health
2. Love
3. Wealth
4. Social health
5. Entertainment

Let’s see them one by one:


First Wealth Area. Health

Ancient Romans used to say: “Mens sana in corpore sano”. [1]

I don’t think there’s a better expression than this.

In my opinion “Mens sana” means to be serene and mentally stable. Having no problems that take your sleep away.  Being what endocrinologist Hans Selye define as Eustress. Not too much loaded not too much down. A just mid-measure that allows you to be centered on your own being.

There are some techniques, I have been using for years and of which I can guarantee their effectiveness.

Every day, do 15 minutes of Meditation. You lie down in a quiet spot and you focus on your own breath. If your thought shifts to something else from your breath, you have to focus back on your breath. During the exercise you feel really light and quiet, often it might happen you enter the REM phase.

Another technique is to try visualizing yourself and your objectives as they were already accomplished. Our mind indeed doesn’t make a difference between a visualization that has been lived in first person and what happens in reality.

Another advice is to dedicate some of your daily time to an activity you like. For example you can listen to your favourite music, you can pat your pet or practice your favourite sport. This would help you to unplug your mind from the daily routine.

The "corpore sano", means to be perfectly fit. Practicing sport and following a healthy diet.

This means keeping yourself away from possible illness. Keep yourself in good shape and in good health is an activity that guarantees you the reach of other spheres of wealth, so it can take you one step closer to the real success.

Unfortunately it can happen you get sick, even in a serious way. As everyone of us, I happened to live very unfortunate moments. When I was a teen-ager my father had cancer and at the beginning, it was a real blow both for me and for my family.

However despite living a great state of distress, I did not let my downside get me down to the despair and since day one I tried to react to this thing by facing it with my interior strength, to which I relied on instinctively. Since the beginning I tried to transfer my inner energy to the other members of my family, first of all to my father who was the one who was physically suffering. The strength I tried to give him was to help him fight his disease.

I always faced difficult moments like this as a real personal challenge and I tried to not let myself be in despair. Nonetheless I was living a great state of suffering bur I never gave up, because deep in my heart I knew, I was sure I would had break through it because I wanted it with my whole being to be back living the life I had before. This way, even if going through an enormous suffering I made myself the way to overcome these difficult moments.

This experience provided me with the self-confidence that was necessary to face and to overcome any test that I would had undergone later in my life.

During my teen years my life was completely dedicated to sport. I played Rugby, Ice Hockey and Sailing.

I used to play in the Milan Rugby team and I joined the team in South Africa in 1995. There was the national World Cup.

Our first match in the calendar was with the Harlequins, a world famous team of the Premiership. Obviously it was a team that was way stronger than us under many points of view.  However since the first time I knew we had to meet them, I told myself: "don't be discouraged, do your best and you ll be ok with yourself and your consciousness".

The match was going really bad for us when I found myself in the typical "life dilemma" kind of situation. I had two chances, completely different from one another.

Option 1 I could have got rid of the ball and save myself from the tackle but it would have meant to give up the chance of scoring the try.

Option 2 I could have tried to keep the ball and running at full throttle targeting the try straight ahead. I had to consider though that by pointing the try I had to break through the defence line with a concrete chance to suffer a fracture somehow. Although it was a lifetime chance.

A real dilemma indeed.

Without hesitating I tried to break the defence line and after a number of physical adversities and a couple of headlong falls I scored the try but my shoulder cartilage was totally gone.

Our team had ended the changes because of the player accidents and I kept on playing despite the pain. We obviously lost the game but we gained the respect of the world champion team.

Today after a series of complex surgical operations I am still disabled and I had to give up both Rugby and Sailing, although as a consolation I have a story to tell, a story whose absolute protagonist is the strength to which we can turn to in those moments of difficult when we don't know where to grasp and the only thing we can rely on it's ourselves and our inner strength.


Second Wealth Area: Affection

Living without affection leads to loneliness, a grey area and a slow sense of emptiness.

Whoever you love, my suggestion is to harvest affection. In order to harvest affection you have to spend some of your active time with your loved ones.

For some people affection comes from their parents, for others it's their children, in many families even brothers and cousins are a source of affection so as pets they can be both source and the recipients of our affection.

My advice is to harvest your affection for what it's possible to yourself, because in the long term affection is the only element of strength in the life of everyone of us.


Third Wealth area: The economic wealth

For many people it's the main objective.
 
As I said before, material accomplishment is very important because money can allow you to do certain things they would be difficult or impossible otherwise.

Money is energy. If you possess it in great quantity it allows you to have a life with more chances.

Those who say money isn't important he lies and he knows he lies because our society and its mechanisms they are all based upon money since thousands of years ago.

Great amounts of money can assure yourself the best healthcare assistance, edgy cares and dedicated physicians. A number of American schools are private (even if they have scholarship programs for talented students, which I totally agree with).

However the real economic wealth isn't connected to possessing a certain status symbol.

I think instead that economic wealth is also a personal status of totally subjective nature.

"You are in the economic wealth range when you have automatic incomes which are higher than current spending". This is the wealth level I defined as Retire Rich.

To be at this level of wealth you have first of all to "feel rich".

It's absolutely crucial to convince yourself you live in a world of abundance and wealth. Even in a difficult moment as this, it's absolutely fundamental to see and feel yourself as rich. And if while you are reading these words you are thinking of your debts, you have to be aware that according to the law of attraction you are attracting even more debts.

According to the law of attraction you ll get what you think of today.

So it's absolutely crucial to see yourself as a rich man.

Although this isn't all. You also have to put in practice the tricks I explained in my latest post: The Survival Handbook. Do your Cashflow, set your goals and track them.

So you have to get busy in a constructive way in order to achieve your economic wealth and you will see you ll have the success you deserve.


Fourth Area. Social Wealth

In life you always have to seed.

The more you seed the more you pick up then.

If in your life you have been lucky, it's necessary to share what you have with those who don't have it yet.

At this point you could ask me. Are you asking me to do a sort of charity?

Absolutely yes.

I do charity and many people like me do it as well. Everyone of us has its own area. Everyone of us has his own skills. But it's very important to share what we have.

If you are too poor to share something economically, you just need to lend your work for a social cause. For example you can help out kids in an orphanage or go visiting elderly people who live in a perennial state of solitude.

Luckly we live in a world in which there are a lot of charities. You really can do a lot with very little. Believe me.

I personally help both little children who urgently needs surgical operations and abandoned dogs to find a home out from the Italian-shelter-lagers.

I have adopted three marvellous little dogs that were going to die. One is called Blacky. She's an interbred between and American Staffordshire and a Pintscher; it's a very sensitive pet. When she looks at me while I am eating I am able to read her eyes full of terror because of her past life starving fear, that she felt when she was in that shelter. I really feel shivers when I think of what she could have felt in her past.

Pilly is a foxy half breed which when I have adopted her she suffered pneumonia and was under-fed. After many intensive cares, she is now ok and she got strength and force. She always play with my 2 year old son and when she's with him she checks everything is cool. It almost seems she's working: when my son wakes up in the night or he's not well she comes to my bed to wake me up.

Princy is the latest she's been 7 years in a little cage that did not allow her to grow up. She's got her back legs broken and calcified so she cannot walk. She came at our home sick of every possible disease. She risked blindness and she was bleeding. After two months of antibiotics and highly specialized cares, now she's ready for a surgical operation in which they will put in place a prosthesis on her knees. The professor who is following her case he's the world number one, he said it's his second case so tragic but he's positive he's going to make her walk again.

Who knows how would she feel after seven years she didn't walk!

When I look in their eyes I read gratitude and sometimes I also see their sad memories, that are linked to the terrible past they lived. Although they know that now they are loved and protected.

I am an animalist and I am proud of it.

I know that when I come back home they re waiting for me.

It's not true that dogs don't talk. They talk with their eyes.


Fifth area. Entertainment and Culture

Time is a subjective variable of which anyone has a different perception.

In order to feel well, it's important to cut out so much time to feel satisfied from it.

Did you ever think how time flies away when you re doing something you like and how it does never flow when you re in line in the surgeon's waiting room?

If you like it time is the most important resource in your life.

You have to know how to manage it otherwise it would handle you.

Don't be afraid about cutting out some space for yourself. These bits of time are crucial because they allow you to feel better. Obviously abusing your free time can lead to perdition or to moral dissolution.

It doesn't matter how much time but the quality of the time you dedicate to yourself.

Free time is fundamental for any person who wants to define himself as a successful person.

Some economists say that wealth can be measured in months... in the number of months you are able to survive without working while keeping up with the same life tenure you are used to.

Obviously there are also other methods to calculate wealth level.

Time is fundamental and having free time isn't a luxury it's a necessity.

In one word: have fun.

As you had the chance to read we have been talking about health, affection, money, sociality and free time.

You don't think I did not suffer by leaving the sports I loved?

Very much.

However, in the past few years I have been thinking a lot about my life experiences, and I have tried to make a lesson, a moral lesson out of it, for myself and my children, something I could have transferred to my future generations. What I came up with was the idea that the real wealth and the real success in the end it's to have developed a formula that allows yourself to face any future challenge that the life presents you ahead.
 
I personally developed my formula upon my life experience and my formula is based upon inner strenght and the affection of my loved ones.

Once you got these two things you are ready for any challenge that can be ahead of yourself.

Have a nice journey
 
Luigi Foscale

[1] a healthy mind in a healthy body.

Sunday, July 8, 2012

Live from Rentals

 
We all live in the clearest era because everyone of us has the chance to do anything he wants to. There is plenty of opportunities, although too many options could create chaos even while working to an investment plan. For this reason, the key to success is just to focus on the most rewarding strategy for your desiderata and to follow your plan. My plan is to buy and rent as many properties as I can.
 
If you would like to stop losing time and start living from a rental, keep reading this blog and contact me.
 
My advice is to seriously consider the Real Estate business.
 
Luigi Foscale

Wednesday, July 4, 2012

CNN: "Rentals are Growing"

 
Even if we all know about the crisis that has been affecting the Real Estate market, it's simply amazing that Rentals are now going up again.
 
Does it sound too good to be true? But indeed this is true. In the past 12 months Rentals have risen of 5.4%!! Read this article on CNN. This is the proof that (as I have been saying in the past 12 months) investing in Real Estate has never been so lucrative and now it's payback time! Thank you Retire Rich!
 
This is a good signal for investors of any kind, because the real estate market has a huge range of investment opportunities of all size. 
 

Luigi Foscale

Wednesday, June 20, 2012

The Future will be Low Cost, by Luigi Foscale


Let’s focus on the Real Estate Market of the main world cities. 

Until yesterday, upper class people used to live in central or residential areas, usually in huge apartments, penthouse, or luxury villa rigorously downtown. I remember it was kind of difficult to find a nice property downtown Milano and those who owned one of those places, were considered super lucky or super rich. 

Today, we have a new scenario. If you check the apartment listings, you will find plenty of those downtown luxury apartments. Why? 

Because of what we can define it as an Epochal shift. 

Today things have completely changed and everything is different. This is not only a market signal, but also the sign of a major social change. You know, Real Estate Market follows social shifts. In the future everyone will live in smaller and cheaper units because of the rising cost of living. 

The main point is: how can I take advantage from such a change? In a few days I will let you know how to buy Low Cost apartments both for living or investment. 

Luigi Foscale

Thursday, June 14, 2012

Luigi Foscale’s 4-Step Strategy for Building a Real Estate Portfolio – Step 1: Control your Mind

 
Yesterday, I introduced you Luigi Foscale's 4-Step Strategy. Today I am really glad to present you the first of four Steps to build up a Real Estate Portfolio. 
 
Control your Mind. 
 
The most important point, in creating a Real Estate Portfolio, is take Control of your Mind. 
 
Even if you think that's difficult, you'll find your way to deal with this thing, and that will be easy and fun. I promise you.
 
First of all you need to know there are 3 possible situations: Positive Thinking, Not-Positive Thinking and Negative Thinking.
 
The Positive Thinking. If you see yourself as a rich person and while thinking about it, you feel happy, joyful or with any other positive feeling, you are on your way. This is the perfect mindset to create what you desire. 
 
But, if in your day-dreaming you visualize your dream-car and you only focus on how much money you are missing out to buy that car, then you are developing anger, stress, anxiety and/or any other negative emotion because of it, you are focusing on your lack of money. In this scenario you are attracting a poor future. This is a Not-Positive Thinking.
 
Furthermore, if you see yourself as a poor person, and you focus on your debts and failure and you feel such disturbing emotions, you are attracting a negative future. This is the Negative Thinking. Now how do you know you are in the right Mindset? Just listen to yourself and to your emotions. If you imagine your future as a rich man and you feel positive about it, just keep it this way. When you have negative feelings, that’s a warning sign that indicates you took the wrong turn. when you feel negative about something, just hold on, and try to turn your negative thoughts into positive beliefs. Now, Imagine yourself driving your dream-car and you re feeling that positive emotion right now. That's the right way to start your positive thinking.
 
Just listen to your emotions and when you feel it as necessary, hold on and focus on what you like to do best
 
Your future is now and it's in your hands.
 
Luigi Foscale

 

Wednesday, June 13, 2012

Luigi Foscale's 4-Step Strategy for Building a Real Estate Portfolio


Today, we start Luigi Foscale's 4-Step Strategy for Building a Real Estate Portfolio and, on following days, we will focus every single step.

The first step for building a real estate portfolio is your Mindset. If you do desire to create a portfolio of properties, your dream is becoming true. You need to strongly desire it.

The second step, is to understand which kind of real estate you need. From one side, you can invest in a property you like, on the other side, it could be different to invest in property that make you rich. I suggest the second choices and you will see it.

The third step, is to create your Team for investing. A good lawyer, a good real estate agent and a property manager, will help you in your business. Even if you could think to be a self made man, you need a strong Team.

The fourth step, is to start your search, and you will learn how to Make an Offer.

Follow Luigi Foscale's 4-Step Strategy for Building a Real Estate Portfolio. You will be satisfied.

Luigi Foscale

Saturday, June 2, 2012

Un buon consiglio


Quando ricevi un consiglio che ti sembra buono, sei di fronte ad un dilemma.

Potrai sapere se era stato buono solamente dopo che hai preso la decisione. C’è una differenza abissale tra un buon consiglio, e dare bene un cattivo consiglio.

Per capire se il consiglio sarà buono, devi prima studiare il track record di chi ti sta di fronte. Se il track record non è soddisfacente, stai molto attento. Il track record è la pagella o il curriculum vite di chi hai di fronte.

Luigi Foscale

A good advice


The ultimate dilemma is: to follow or not a good financial advice? You will find out if it was good or not only after you took that decision.

There is a big difference from a sexy but poor advice and a good advice.

Good advices usually aren’t that sexy.

However when you find yourself in such a situation, you can always study the track record of whoever is giving you the advice before taking any decision. If the Advisor has not a good track record, be very careful.

Track record is like a score or a cv.

Luigi Foscale


 

Friday, June 1, 2012

Chi è in grado di insegnarti a diventare ricco?

Solamente una persona ricca, che, grazie alla sua strategia, è diventato ricco, può insegnarti a diventare ricco.

Ci sono alcuni professionisti che sono diventati ricchi, e sanno come farlo; questi sì che possono insegnare come diventare ricchi.

 Purtroppo, ce ne sono molti altri, che credono (anzi, se la credono) di avere la ricetta magica per diventare ricchi, pur sapendo che sono solo fregnacce. Quando incontri uno che crede di sapere come diventare ricco, semplicemente chiedigli se anche lui usa la strategia che ti vorrebbe insegnare. E poi, chiedigli se è diventato ricco. Se non lo è, o se ti risponde in modo vago, stai molto attento. Questa formula “magica” magari non è proprio così “magica”. È solo un buon modo per fregarti.

Il mio consiglio è quindi di analizzare sempre cosa fa chi ti da dei consigli.

Luigi Foscale

Who can teach you how to become rich?

 
Only somebody who already reached his financial success through his own formula, can teach you how to generate wealth. There are good professionals who became wealthy and now they want to share their own know-how. 
 
On the other hand, there are hundreds of poor professionals who (only think) they know the best formula to become rich. When you meet one of these professionals, ask them if the formula they are teaching you is their own. Then ask them if they are rich. If they are not rich, if they don’t use that formula, or if they don’t answer your question in a clear accurate way, be very careful. This “good” formula, may not be so “good” but just a rip off. 
 
My advice is to do a background check of every professional/Advisor you deal with. 
 
Luigi Foscale
 
 

Thursday, May 31, 2012

Studia le persone ricche


Ci sono molte teorie che cercano di insegnare come si diventa ricchi. In questo marasma, il mio consiglio è molto semplice: studia come una persona ricca, è diventata ricca. Troppo bello per essere vero?

Ma è vero!

Se una persona è diventata ricca, e tu segui la sua strategia, anche tu diventerai ricco. Devi unicamente capire il “come” ha creato la ricchezza. Studia la vita delle persone ricche, e anche tu sarai ricco. Trova le strategie grazie alle quali uno è diventato ricco, e adotta anche tu queste strategie. È come fare Copia è Incolla sul tuo computer.

In sintesi, trova uno che è diventato ricco, studialo e usa le sue strategie.

In questo Blog riceverai molti consigli utili.

Luigi Foscale

Learning from rich people’s biography


There are many strategy books that aim at teaching you how to become rich.
 
My advice is very easy: You can learn much from studying how did someone become rich. 
 
Studying the lives of people of accomplishment can give you insight on their strategy, on the processes used, and they may inspire you how to become rich. If a person became rich with a certain strategy and you get to know that strategy because it fits your way of thinking or for any other reason, you can become rich too. 
 
Learning from the life of rich people can definitely help you if you are interested in becoming rich. Just find someone whose situation you feel to have some sort of affinity to (because of his/her personality, field of study, type of job) then focus on the strategy he/she adopted to reach his/her goals and that’s it. 
 
I am not saying you have to copy and paste it, in fact you have to take his bio as a starting point, as a series of creative inputs where you can start from and by adapting his/her formula to the peculiarity of your situation so that his/her way becomes Your way of becoming rich. 
 
Luigi Foscale

Wednesday, May 30, 2012

I simili si attraggono


Anche se siamo in tempi difficili, puoi diventare ricco.

Lo ripeto: puoi diventare ricco. Dipende solo da te. Lo ripeto ancora: puoi diventare ricco. Se decidi di essere ricco, e vedi te stesso come una persona ricca, stai attraendo benessere. Tuttavia, se ti focalizzi sulla crisi, sui problemi, sulla mancanza di denaro, sui tuoi debiti, stai attirando un futuro di miseria.

Questa è la legge dell’attrazione: “I simili si attraggono”.

Luigi Foscale

Likes attracts Likes


Even if we live in hard times, you can still become rich.
 
I say it again: "you can become rich".
 
It's only up to you. I repeat it once again: you can become rich.
 
If you decide to be rich, and if you see yourself as a rich person, you are going to attract wealth. However if you focus on the crisis, on the problems, on the lack of money, on the debts, you re attracting a poor future for yourself.
 
This is the Law of Attraction.
 
“Likes attracts likes”.
 
Luigi Foscale

Tuesday, May 29, 2012

Il tuo futuro inizia ora


Questo blog ha una Mission: aiutarti a diventare finanziariamente libero.

Nei giorni passati, hai ricevuto le chiavi per comprendere questa crisi. A partire da adesso, quando ascolterai una cattiva notizia al telegiornale, saprai che qualcuno vuole che tu sia povero. Adesso che tu sai che questa crisi è un Inverno Finanziario, ed fa molto freddo. Ma, ora, sai anche che c’è qualcuno che vuole questo.
Io sono qui, per ricordarti una cosa semplice. Non credere alla pioggia, sopra splende il sole.

Il futuro può essere sereno. Hai solamente bisogno di sapere la legge per diventare ricco.

Ora tocca a te.

Ti prometto che sarò sempre al tuo fianco. Buon viaggio.

Luigi Foscale

 

Your future starts NOW


This blog’s mission is to help you become financially independent. 

In the past few days, you received all the clues to understand the crisis. Starting from now when you hear bad news, you will be able to understand that someone wants you to be poor. Now you know it, this crisis is a Financial Winter and it’s very cold. 

You may also know there is someone who wants this winter to stay up. 

I am here to remember you one simple thing: do not believe in the rain because above the clouds the Sun always Shines. The future can be bright. You just need to know the way to become rich. 

Now it’s your turn, I promise. We will walk together. 

Enjoy your journey. 

Luigi Foscale 

Thursday, May 17, 2012

Luigi Foscale answers. The school system could teach me to become financially independent?

 
...Is The school the proper learning environment to become financially independent?
 
Only if you want it.
 
However it depends on those who are in charge, the people who decide, and they are not interested in their students learning how to become financially independent. Otherwise they would had already done it. Business as usual: you have to take care of yourself.
 
First by getting an education. A Financial Education.
 
Luigi Foscale




 

Wednesday, May 9, 2012

Better than the lottery

 
There are some lotteries which if you win you get a monthly income of several thousands euros for 20 years or so. The prize is very alluring and if it happens I win I will be very happy too.
 
 However I would like to ask you a couple of questions. If you have 5000 euros per month, today, are you going to do fine with it? Going with my gut I would say yes.
 
But will you have the certainty to keep up with the same purchasing power in the next ten years?
 
Certainly not, because of the inflation.
 
If instead, you join our Retire Rich Program and you manage to become financially free, you have your lifetime income and mostly it will increase its value no matter what's the inflation rate and where it's going. So your living standards won't fall down over time.
 
So I would suggest you to start creating a revenue-generating-asset, that is able to produce an automatic system of revenues.
 
Luigi Foscale

Tuesday, April 24, 2012

How to manage your money. Lesson 1

Learn how to manage your money!
 
Do you remember Subprime Crisis? How so many people could have lost their money? The answer is easy: some Brokers purchased huge amounts of these toxic investments for their customer's portfolios. Eventually those assets did default.
 
If you don’t know how to manage your assets and you don’t check out your broker’s management, you may find yourself at the mercy of a non professional operator or worse you may be at risk somebody will sell you some junk stocks.
 
Furthermore if you do know the basics, you can manage your own assets yourself or you can choose to hire an investment adviser, but always know what you’re investing in. This way your adviser will learn you re not a rookie he can take to the cleaner’s.
 
Luigi Foscale