Recently Facebook reaches 200 Million population. Yes, Now 200 Million unique Internet Users around this world uses Facebook. So if the Facebook was a Country than it was world's fifth largest Country.

And because of this 200 Million Population on Facebook, There develops so many Business Opportunities on Facebook.

One Such Business Opportunity is Facebook Applications. Facebook Apps are new Business Opportunities on Facebook. So How Facebook Apps Make Money?

Well, there are several ways by which Facebook Aps can make Money. Your Facebook App is your Onlin Asset. Here is how Facebook Apps make Money?

01) Advertising - One Common way to make money with FB App is selling Advertising Spaces to the potential advertisers. The only limitation here is that on Social Media sites people are usually Ad Blinds. But still you can make money depending on the populartity and usage of your Application.

02) Selling Virtual Goods - You can make money with FB App by selling Virtual Goods. Virtual Goods can be anything such as Virtual Rose for Valentine or a Pet or a Virtual Card or anything else. You will be surprised by knowing that several FB Apps are making literally millions of dollars every year by selling Virtual Goods.

03) By Diverting Traffic to your Controlled Web Businesses - You can also drive this traffic to your controlled web Businesses and make money over there.

04) By Selling FB Application for Huge Capital Gains - Owning a FB App is exactly same like owning any other Assets such as Stocks, Gold, Bond, Real Estate, Art or Businesses. So if your FB App gain popularity than you can sell these apps for millions of dollars. You will be surprised by knowing that the market is full of buyers willing to pay literally millions for popular FB Applications.

In short, this is the Information And in the Information age it doesn't require money to make money any more. It only requires an idea to make money...!!!

How Does One Calculate the Net Worth of a Billionaire?

Have you ever think this? every year we see the list of Billionaires in Forbes Magazine but how exactly we calculate the Net Worth of Billionaires?

Well, See. There is a very Basic Forumla of counting anyone's Net Worth.

Net Worth = Assets - Liabilities

The same formula can also be used to count the net worth of Billionaires. Assets include all the Assets of a Billionaire. Here is a List.

01) Stake (Shares) in their own Publically Listed Companies (Amounts 99% of Total Assets & thus Net Worth).
02) Bonds
03) Gold
04) Real Estate
05) Private Equity
06) Art
07) Antiques & Rare Items
08) Web Propwerites or any other Online Assets
09) Any other Assets

The interesting fat here is that, the 99% of Billionaires Net Worth come from one thing only and that is their stake in their own publically listed companies. All the Billionaires have one thing in common and that is they hold a large bulk of shares in their own or family owned publically listed companies and the valuation of these shares is worth of Billions.

Say for Example, Mukesh Ambani, Chairman of Reliance Industries is World's 7th richest person having Net Worth of US $ 20 Billion (2009). This is because his stake value in his own listed company Reliance Industries is this much...!!!

So this is how we can cont the Net Worth of Billionaires...!!!

All of you know about Indian Premiere League (IPL) Cricket Franchisees (Teams). But have you ever think that How does IPL Franchise get Profits?

How do Owners of the IPL Franchisee get back their Money?

Well, There are basically 3 Income Streams for IPL 20-20 Cricket Franchisees.

01) Broadcasting Right Income - These are the Broadcasting rights which the IPL Franchisee sell to the Media Channels for literally millions of dollars.

02) Team Sponsors- These are the Companies which sponsor the team say for Example, Nokia, Vodafone, Reliance...etc...

03) Gate Receipts - Teams can also earn by selling Gate Passes to people.

How do the Owners of IPL Franchisee make Profit?

Well, one way to make profit is from various Income streams itself and the other way to make a huge profit from IPL teams is by "Capital Gains".
Team Owners Invest in IPL Cricket Teams for Huge Capital Gains. Means they stay invested in a team for few years and after that they may sell their full or partial stake in the team to other Investors for more profits. They can also dilute their stakes also.

The owners of the IPL team can also take their teams to Public also. Yes, according to the clause of IPL, any team can go to public after 2012. In fact, Indian Cricket Board will itself go to public after 2012. In this way, the teams can be listed on the various stock exchanges and than its securities (Stocks) can be freely traded.

In short, IPL Franchisees are the Gold Mines. There are several Money Making Opportunities in it.........!!!!

Are you a Business Owner? Than How do you Protect a Brand Name of your Business, Product or a Service? A Brand Name is very important Asset of any Business because a Brand Name creates a Trust between a Customer & a product.

And it is very necessary to protect the Brand Name of your Product or Service.

There are several ways and tactics to protect the Brand Name. But one commonest, Legal & most powerful way to protect a Brand Name is Trademark (TM) Registration. Here you have to higher an Attorney and he will file for Trademark Registration and do all the necessary legal procedures for you.

Whenever you register a Trademark, your Brand Name becomes protected and it becomes your Asset. You can sell or transfer this Asset to anybody in this world. Say for Example if you have developed a Cold drink Brand and protected it by a Trademark than in future during the time of selling a Business, you can sell your Brand Name like any other Assets also.

Google is world's most costly Brand having a Valuation of US $ 100 Billion. NOKIA is India's Number 1 Brand. So Protecting a Brand Name has several advantages later on.

So Protect your Brand Name right now...!!!

One reason behind the increasing popularity of selling scrap gold to earn money is the higher number of advertisements for it. These will usually briefly go over the benefits of selling scrap gold and how to do it. The process is very simple and can be done through the mail, plus the companies will accept pretty much anything that is made of or consists of gold.

Many now offer gold kits, which can be requested by filling out a form online or by requesting it over the phone. These kits will consist of a prepaid envelope to sell your gold items in, sometimes along with forms where you fill out description details and some other information. Then you place your gold items and the appropriate forms in the envelope and mail it to the listed address.

The envelope you mail the items out in is usually covered by insurance for up to a certain amount by the company that sent out the kit. The company may list a 24-hour or some other sort of guarantee about when they promise to assess the value of the gold and mail you the check for it, so you should receive the check at around that amount of time. It is also recommended to make some sort of copy of everything you have entered in the forms right before you send the envelope out just in case.

In some other circumstances, you may get a phone call or email about how to contact a representative to go over the offered amount that the company is willing to pay for the gold. If both buyer and seller are satisfied, you will receive a check for the agreed amount and if not, they will return your items.

The process of selling scrap gold is both easy and cheap to the point where you may not have to pay anything at all to sell your gold. You will also usually receive the check pretty quickly, and it is guaranteed that you will always get some amount of money for genuine gold items and gold jewelry that you sell. Because you barely or do not have to dig into your pockets at all to put more in them, there is no risk involved in selling your scrap gold.

Recently, Government of India has launched Online Tax Payment Facility. So many readers have asked me that, "How do I get Digital Signature for Online Tax Payment?"

eMudhra.com

digital signature is to electronic documents what a handwritten signature is to printed documents. A digital signature is an electronic signature that can be used to authenticate the identity of the sender of a message or the signer of a document.

The Information Technology Act, 2000 provides for the use of Digital Signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents. Digital Certificates are issued only through a valid Certification Authority (CA), such as e-Mudhra.

Alternatively, you can visit on ICICIBank.com or Taxsmile.com and they will make a Digital Signature for you. with e-Mudhra, the charge is only Rs.99 per year for your Digital Signature.

Those who don't know anything about Derivatives, let me tell you that Derivatives can make you estremely Rich in No time if used properly and can make Mass Financial Disaster according to Warren Buffet. So How Derivatives Create Money?

Well, first of all, let us understand Derivatives. Derivatives are those which derive their value from something else. Say for Example underlying Asset. Say for Example, Orange Juice is the Derivative of Orange.

Say for Example, Stock is the Derivative of a Company and Mutual Fund is a Derivative of Stocks. Mortgage is the Derivative of Real Estate. Now this is how Derivatives Create New Money.

Suppose, You have Rs.100 in your pocket. And your friend wants to borrow Rs.100 from you. So he asks for a loan of 100 rupees from you and he agrees to pay you 10% per year interest on it. So he gives you a written promisary note and you give 100 rupees in exchange of it. This promisary note is a Derivative. You have created this 10% (10 rupees).

Now suppose neither you, nor your friend has money. And your friend needs a loan. So you go with your parents and borrow Rs.100 from them and promise to pay 5% interest on it and give this 100 rupees to your friend at 10% interest. So at the end of one year, you will have 5 rupees out of nothing. means you will collect 10% interest with principal from your friend, five 5% to your parents and keep 5% with you. This is how You have created Rs.5 Out of Nothing.

Banks do the Same thing at large Scale. Banks collect literally millions and billions of dollars as a deposits from deposits and lend this money at mass scale by Derivatives and create money out of these Derivatives.

Whenever an Intelligent Investor put 10-20% Money as a Downpayment and Take 80-90% of Mortgage to Finance the Property, He creates money in true sense. So Rich people use Derivatived to become more richer....!!!

You Must have heard the news that, Anil Ambani was the biggest looser of the year 2008-09. He lost US $ 30 Billion of his fortune in just one year. So How Anil Ambani lost US $ 30 Billion in a year only? Did he make any huge losses in his Businesses? Well, No.. He did not make any losses in his Businesses. In fact, he made lots of profit in his Businesses.

Than How Anil Ambani lost US $ 30 Billion?

Well, This is the "On Paper" Loss in the Valuations in his various Reliance ADA Group Companies' Share prices on the stock exchnge. This $ 30 Billion Loss is On Paper only. In reality, Anil Ambnani did not lost a single rupee. These are just the On Paper Valuation Losses.

Remember, Billionaires' Wealth is On Paper only. The Billion Dollar Valuations are of their stakes (Shares) in their own publicaly listed companies on various stock exchanges. So even though they make this on paper losses, their life style don't get affected because they have control over their companies.

So This is How Anil Ambani lost US $ 30 Billion in a year. He will gain all of these money once the stock market will recover.

This is Ratan Tata Officers' Holoday Home Ooty. I have taken thi photograph from Flickr. On the top of the Home, there is a board in which it is written.

HDFC is India's major Home Loan provider. There are so many advantages of taking HFC Home Loans. Here are few of these advantages.


Home Loan Counselling - Sharing of over 30 years of home loan experience

We have been a part of a 30 year journey with our 33 Lakh customers. Our home loan counsellors offer you the time tested advice.

Be it legal documentation, project or builder approvals, and technical advice, we look forward to sharing with you and this service is absolutely free. Our project approval facility provides our customers the comfort of purchasing properties from builders who have complied with all basic documentation.

Door Step Service

We offer door step service. Please call HDFC Home Line call for our Sales Executive to assist you or get in touch with the HDFC Office near you, please click here.
We help you find your dream home

You can buy, sell, lease residential or commercial properties through HDFC Realty.

Wide Product Range

We provide loans to meet all your requirements for you to make that house a home.
Home Loans, Home Improvement Loans, Home Extension Loans, Loans to professionals for office or clinic, Home Equity Loans (Loan Against Property), Loan Against Rent receivables, Short Term Bridging Loan.
Loans on Adjustable Rate, Fixed Rate. 2-in-1 Home Loans -->

Multiple Repayment Option

Step Up Repayment Facility
Helps young executives take a much bigger loan today based on an increase in their future income, this helps executives buy a bigger home today!
Flexible Loan installments Plan
Often customers, parents and their children, wish to purchase properties together. The parent is nearing retirement and their children have just started working. This option helps such customers combine the incomes and take a long term home loan where in the installment reduces upon retirement of the earning parent.
Tranche Based EMI
Customers purchasing an under construction property need to pay interest ( on the loan amount drawn based on level of construction) till the property is ready . To help customer save this interest, we have introduced a special facility of tranche Based EMI. Customers can fix the installments they wish to pay till the property is ready. The minimum amount payable is the interest on the loan amount drawn. Anything over and above the interest paid by the customer goes towards Principal repayment. The customer benefits by starting EMI and hence repays the loan faster.
Accelerated Repayment Scheme
Accelerated Repayment Scheme offers you a great oppourtunity to repay the loan faster by increasing the EMI. Whenever you get an increment, increase in your disposable income or have lumpsum funds for loan prepayment, you can benefit by:
Increase in EMI means faster loan repayment
Saving of interest because of faster loan repayment
You can invest lumpsum funds rather than use it for loan prepayment. The return from the investments also gives you the comfort of paying the increased EMI..

Wide network of financing

With over 200 offices, 90 outreach programs - HDFC is able to provide home loans in over 2400 locations in India. You can apply at your local HDFC office for properties in locations where we finance.

Post Disbursement Services

Income tax Certificate to enable you to claim the tax benefits are sent to you. This service is absolutely free.
Loan Repayment

ECS facility
Post dated cheques - No charges for replacement of cheques
Loan repayment at any HDFC offices

I receive one common query in diffrent ways every other day from lots of readers.

"Should I Invest in Stocks, Bonds or Gold?"
"Recently, Gold has outperformed all the other Asset Classes. Should I shift my money from stocks to Gold?"
"I think Gold will be a good bet because it is outperforming since last 5 years."
"Gold is the basic Asset Class so if stock market collapses, we can use Gold to Buy & Sell things. Is my thinking Correct?"

Several of you have the same queries right? So let us today solve your query about Stock, Bonds & Gold.

In Jeremy Siegel's book Stocks for the Long Run, he reveals what would have happened to a single dollar invested in bonds, stocks and gold since 1801:

- One dollar invested in bonds in 1801 would yield $13,975 today.
- One dollar invested in stocks in 1801 would be worth $8.8 million today.
- One dollar invested in gold in 1801 would be worth $14 today.

While choosing an Asset Class for Invetment, one should see a very long past record of its performance say for example, 70 years to 100 years. You can not say that, Gold is outperforming since last 5 years so in the whole future it will outperform any other Asset class.

The above data are of US Stock market but if we discuss about the Indian stock market than the figures will be the same.

Og course, you can allocate some amount of your Portfolio (Max. 10%) to Gold but the Core Long term Investment Holding of anyone's potrtfolio MUST be that of Equity. And Short-to Medium Term (1-5 Years) Bonds.

The Famous Finance Guru, Dave Ramsey says,

" Gold is a volatile, precious metal—it's flighty and can fluctuate sharply. You're much better off owning mutual funds and paid-for real estate. If you are beyond Baby Step 3 and want some gold, just save up and buy yourself a gold watch!

Just because we're in a bear market doesn't mean the stock market is on its way to collapsing! In order for the stock market to crash, companies like Microsoft, Ford, GM, Home Depot, GE and Whirlpool have to close their doors for good. Can you honestly imagine all of those companies closing? Our stock market operates differently now than in 1929; there are many more safeguards now. The people who predict stuff like this are doomsayers.

The best way to invest is to put your money in growth stock mutual funds that have good long-term track records. This is what I do. The stock market has averaged a growth rate of about 12% per year over the last 70+ years. That doesn't mean a solid growth curve of 12% each year is guaranteed. It means one year the market might grow 7%, the next year 10%, and the next year 19%. That comes out to 12% per year. Since you leave money in an investment for several years or even decades, odds are extremely high that you'll come out a winner!"

So Equity is still the Best long term Investment Vehicle....!!!

According to one study, Indian per Capita Income will touch Rs.10 Lakh mark by the end of year 2039. Right now the per Capita Income of Indians is Rs.45,000 per year only and that is only around Rs.3500 per month.

But within next 30 years, Per Capita Income of Indians will touch more than Rs.10 Lakh per year and that is around Rs.1 Lakh per month. According to study, India's per Capita Income will be more than USA and second number in the world after China by the year 2039. So Next Century is of India.

Now What does this Information mean to you?


Is it time to celebrate because Indians will be rich? Or is it time to start Hard work? Well, according to me, it is time to start hardwork and not the celebration. Becasue Rs.45,000 per annum becomes Rs.10 Lakh per year means our Per Capita Income will increase by 22 times in the next 30 years.

So it means that the Financial status & Lifestyle of those who are earning Rs.45,000 per year today and Rs.10 Lakh per year in year 2039 will be the same. So it means that if today you are earning Rs.1 Lakh per month than after 30 years, you will have to earn Rs.22 Lakh per month to maintain the same level of life style as of today.

And it means that if today you earn Rs.12 Lakh per year than after 30 years, you will need to earn almost Rs.2.5 Crore per year to maintain the same level of status and life style as of today.

It means that suppose you make 10% per annum from your Investments than today to genetrate Rs.10 Lakh per year from Investments, You need Rs.1 Crore of Corpus but after 30 years, to generate Rs.2.5 Crore per Annum, you will need Rs. 25 Crore of Corpus.

People who are in their twenties today will be in their fifties after 30 years, and they will need a Corpus of Rs.25 Crores to retire after 30 years than and only they will maintain the lifestyle of today's Rs.1 Lakh per month.

SO Economy has to advance like this. So the solution of this problem is, you own your own Business than and only you can get ahead of the economy. So I advise the youngsters to start their own Business as early as possible in their life means now...!!!

This is the Information age and it’s Time to Start your own Business. Because in the modern world, there is not any Job Security. Once upon a time, Getting a Job & Depending on the Job Security was a Golden Advise (Before 1990). But today this advise is no longer effective to ensure any kind of Financial Success.

So my advise to those people who born after 1990 to Start your Own Business as a Career rather than searching for a job and living paycheck to paycheck.

Those who born after 1990 are today below 20 years of Age. But unfortunately their parents are of past generation so their parents still think that getting good education & finding a Job will provide the Financial Security to their Children.

Well, of course this was true advise but only for those who born before 1990. If we talk after 1990 than this advise is no longer effective. So What the young generation born after 1990 should do?

Well, My Advise is – Start your own Business.

In the Modern world not having your own Business (& Investments) is a risky thing. In fact, Business provides the Financial Stability to your family and next generation that job can’t provide. Only after a decade, one day will come when the Income of High School going Kid from his/her Internet Business will be much more higher than the Income of the average Doctor.

This day will come very soon. The young generation who born after 1990 has seen the world through the eyes of Internet. And this is the generation which is likely to do Businesses with the Information Age. New Millionaires and Billionaires will be born.

So my advise to anybody is, Start your own Business NOW or as early as possible in your life. Otherwise you won’t be able to make money at the speed at which governments are printing Money.

Starting a New Business is an art but many people don’t know that How to Start a New Business. Many have false belief that it requires a lot of Capital to start a new Business. But will this is the partial truth. In reality, it requires a Knowledge of the market & Vision of the Entrepreneur to start a new Business.

Not only this but you Must know the small technical and legal details about the business before starting the Business.

I come across following books which are very useful if you are planning to start a new Business. Buy any one of the following books before starting a Business. Buying these books will be your Best Investment in your Knowledge & Business.

01) How to Start Magazine (Publishing) Business -

This step by step guide will guide you through the entire practical aspect of starting a new Magazine Business. If you want to start your own Publishing Business than this is a MUST book for you.

02) How to Start a Million Dollar Business -

This step by step guide will teach you some very basic fundamentals of starting a Million Dollar Business. These fundamentals apply virtually to any Business Online or Offline.

03) How to Start a Home Based Children’s B’Day Party Business -

From first birthdays to sweet sixteens, the children’s birthday party business is booming and offers an ideal entry for those hoping to start a home-based business with low financial risk. There is a Huge Market for this Business.

04) How to Start a Home-based Pet Care Business -

Pet Care Industry is a growing Industry and there is a huge market potential in this Industry. This Book is all about how you can start your own Pet Care Business. If you are a pet lover than why not convert this Hobby or Passion into a Successful Business?

05) How to Start & Build a Thriving Business -

In Enjoy Success Today, Jared James shows you, not only how to start and grow a business in any economic climate, but also how to achieve balance and experience a successful home life as well.If you are thinking about starting your own business, this book is a must read. Practical, no nonsense, no fluff, common sense ideas to think about before you launch your dream business. This book will save you time, effort, and money, and increase your chances of successfully starting and running your business.

Recently I have been invited by the group of graduates. They invited me to discuss about the career options & various Business Opportunities for those who have just finished their graduation.Obviously if I was Invited than the topic would not be about finding a safe and secure job.

Young Graduates asked me that, Which Business should we Start? What do you think that which Businesses youngsters should start?

My Answer was, “Start Internet Business.”

I am not saying this because I personally own the Internet Business (This Blog). But Internet Business has the tremendous potential to make you rich in very early stages of your life. There are literally millions of opportunities in the Internet.

Why to Start Internet Business? -

Well, there are so many advantages of starting Internet Business. First advantage is the low-cost entry barrier. If you want to start traditional real world businesses than it will require a lot of capital to invest and for graduates it is nearly impossible to raise this much of Capital. While in case of Internet Business, you require Minimal to no Capital. You just need a Domain name and a Host. And that will cost you few dollars only.

In fact, I have started this Blog on the Blogspot which is Free.

Second Advantage to Start Internet Business is world wide connectivity. So Larger Audience & thus Larger Market and ultimately extremely high Revenue. In the Information age because of the Internet, it became really easy to attract millions of eyeballs towards your Business that otherwise was very costly in real life Businesses.

Third advantage to Start Internet Business is Lowest Operating & Maintenance Cost. 90% of the start-up Businesses fail because of the higher operating costs. In the early stages, when the Business is in seeding stage, it can’t sustain long with high Operating Costs. But in the case of Internet Business, you require NO to Minimal operating costs. Say for Example, This Blog.

This Blog is my Internet Business. And its operating cost is Minimal. All I need is the monthly Internet Connection and that is costing me just Rs.500 per month. If In future I shift this Blog to some private Domain than it will cost few more dollars and that’s it.

Fourth Advantage of Starting Internet Business is Faster Appreciation. Online Assets grow much faster in its value than traditional offline Assets such as stocks, bonds, gold and real estate. Take the Example of this Blog. When I started this Blog, it did not have any value but today it is worth of US $ 9000 (Rs.4.5 Lakh) in just more than a year. Online Assets appreciates sometimes at the rate of 100% or more per year which traditional Assets don’t appreciate.

So my advise to young Graduates is to start your own Internet Business as early as possible in your life means Now…!!!

How to Start your own Business? – I know that many of you don’t have the answer of this question. And the web is full of garbage on Starting a Business eBooks, PDF, Books, Programs and lot more. So let me today discuss my own story of How did I started my own Blog Business - “My Journey To Billionaire Club” step wise.

You can learn from my experience here and know that - “How to Start your Own Business?” -

Lesson: 1 – Passion, Idea & Business -

Any Business starts with an idea only. Since 2005, when I completed my Graduation (MBBS), I was searching for an idea to start my own Business. I find out many money making ideas. In fact, I started few small ventures also but all of them failed. The reason was simple. I was not Passionate about those ventures. I had started those businesses simply to make money.

So I advise you that don’t repeat this mistake. I already did these mistakes and I learned a lot from these mistakes. My Lesson was, “You should develop a Business around your Hobby or Passion only” because than and only you will be consistent in your Business.

I find out my real passion. And it was Business, Investing, Personal Finance & Money Matters. I Love to talk about Money whole of the day without fatigue. And I developed a Business around this Passion. And this Blog is in front of you.

Lesson: 2 – Business Plan

Again, I learn this lesson from my own experiences and mistakes. In my previous ventures (Before this Blog Business), I made two mistakes about Business Plan. In first venture, I did not understand the importance of having a Business Plan and in second venture I went to some professional Business Plan writing professional who asked me for few lakh bugs to prepare a Business Plan for my Health Magazine Business.

My Lesson was, “A Business Plan doesn’t require hundreds of pages. Only a Single Piece of paper can be your Business Plan. But yes, It doesn’t mean that you don’t require a Business Plan at all. Business ‘Plan is a Must but Business Plan having hundreds of pages written by some professional is not Must.”

Lesson: 3 – Start-up Capital -

You Must need a Start-up Capital before you start any Business Venture. There are several ways to raise start-up capital such as Family, Friends, Bank, Credit Cards, Own Savings, Angel Investors and many more…

But inability to raise the Start-up Capital is not the excuse to not to start a Business. Because Nobody can stop the Growth of the Entrepreneur because of Money. I am a natural teacher & I wanted to open my own Financial Education Institute but because of lack of Capital, I couldn’t buy or lease the commercial property. But it did not stopped my Entrepreneurial Spirit. I had find out the other way to teach people and that is this Blog.

My Lesson was, “Lack of Money can not stop the Growth. In fact, Nobody can stop your Growth. If you want to grow your Business, It has to Grow.”

There are many people around this world who want to start their own Business but they don’t know how to Start a Business. This is common because many of us are not coming from a Business background. Let me tell you my example. I wanted to start my business since I was in my college but I did not know how to start a Business because my parents are professionals So I don’t come from a Business family back ground.

But in today’s world, all the Information is a click away because of the Internet. It has disadvantage also – The Information overcrowding. If you Google the web about “How to Start a Business” than it will show you a lot of Garbage about it. So you won’t know what is trust worthy and what is garbage.

So Here I have make a List of 7 "How to Start a Business” Quick Guides (Books) on 7 amazing Businesses that you can start very easily from anywhere if you have read the following books.

01) How to Buy, Sell & Profit on eBay -

eBay is one of the Best Business Opportunity Online. You can start your own eBay store & Sell products Online. But many people don’t know that How to start eBay Business. This book will teach you in very detail that how you can set up your own eBay Business, market it and make a huge profit.

02) The Home based Bookstore: Start Selling used books on Amazon, eBay or your own Website -

Another great online business is Home based book store. This quick guide will tell you that how you can build your home based used book store and sell the books on Amazon, eBay or on your own websites.

03) Home Staging for Profit: How to start a Home based Business in 7 Says -

This is a basic guide about How to Start a Business (Home Based). This book will teach you in very detail the detailed aspect of Home Based Business

04) How to start a Home Based Event Planning Business -

This book is all about How you can start an Event Planning Business.

05) How to Start a Home based Catering Business -

Learn in very detail that how you can start Catering Business.

06) How to Start a Home Based Online retail Business -

Internet is full of opportunities and you can set up your Online Business in a day or two if you have a proper guidance from an expert. This book will teach you that How you can start your own Online Retail Business.

07) How to Start a Home Based Landscaping Business -

Landscaping Business is a very fast growing Business. This book will teach you that how you can start your own Landscaping Business.

Start a Business: It doesn’t require Money to make money any more

Previously, we used to say that, it requires money to make money. It means to start a Business, you Must require enough Start-up Capital otherwise you can’t start a Business.

Well, This advise was true only up to 1990 means before the birth of the Internet. After the Birth of the Internet in 1990, it doesn’t require money to start a Business anymore. It only requires an idea to start a Business & Online space….That’s It….!!!

Yes, I am talking about the Internet Business. It requires little to no start-up capital to start your own Internet Business Online. Let me give you my Example,

I was always passionate about starting my own Business. In fact, I started few small Businesses between the year 2005-2008 but all of them failed. My last failed Business was a Business of Health Magazine but because of the lack of enough start-up capital, it failed even before launching.

After that, I have launched my this Blog in the March 2008. It did not require a single rupee to start this Business. I already had Gmail account with Google so I used the same username & password to launch my own Blog on Blogspot Platform.

Honestly, I had started this Blog because of my Passion towards the Finance, Money & Investing. But after few months of Blogging, I realized that it has a tremendous potential to make huge money with very little effort. So I started focusing on this Business and today it is growing very fast.

The Moral of the story is that, it doesn’t require money to make money in the Information age. It only requires an idea to start a Business. It is really easy to set up your own Website in minutes at little cost.

So Start a Business with the Information age. It has tremendous potential to make you very rich in your early thirties…!!!

Why to Start your own Business?

Have you ever think that why one should start his/her own Business especially all of us learn from our school that, Business is risky?

Well, the truth is that, in the modern world, The Job Security is nowhere. After the 1990, the Industrial age gets over and the Information age started and in the Information age, it was really easy to make millions of money with little effort.

And not only this but because of the birth of the Internet, It became easy to export the jobs from other countries. So the age old effective advise - “Job Security” for Financial Security no longer remain effective.

In the current world, Not having a Business (& Investments) is a risky thing. In the modern world, depending on the job security is a very risky task. So I advise the young college going students that, Start your own Business as early as possible in your Life means Now.

It is advisable to start your own Business as early as possible in your life because it will take a time to stabilize and grow your Business. It will take a time to develop the Brand Value of your Business.

Once your Business will be developed, It will provide a steady flow of Income to your future generations with little effort. Let me tell you my story.

I have started this Blog (Web Business) almost one and half years back. It took a lots of hard work initially to develop a web traffic and thus Revenue to this Blog. But today I am feeling satisfied and more secure than rest of my friends because I have an Online Business (Asset) which is generating steady Income for me day and night even when I am sleeping.

Right Now I am earning US $ 25 per month from this Blog when I am writing this article. And this Income is growing. The Best part about owning your own Business is that all you have to do hard work behind it is to grow it. The day you stop working behind it, it will still provide you a steady passive Income for the rest of your life and to the future generations.

If you have money and don’t want to do hard work to start own Business than you can simply buy (Acquire) already established business that fits into your budget. The market is full of Businesses for Sale. I know several people who have bought Franchisee Business from their hard earned money and higher the professional managers to run it.

All they do is, Sitting back & Encashing the Cheques.

So Start your own Business as soon as possible in your Life….Means NOW…!!!

How to Start a Business?

Many people want to start their own Business but they know little to nothing about how to start Business? This Article is all about some Books about Starting a Business. These are the best selling books by most popular authors. All of them will guide you through the fine technical details of starting an new business.

01) Small Business Start-up Kit -

Many people dream of running a business of their own -- but often don't know how to start. Sound familiar? This book can help.

User-friendly and loaded with tips, The Small Business Start-Up Kit shows you how to launch a business quickly, easily and with confidence. It explains in plain English how to:

choose the best business structure

write an effective business plan

file the right forms in the right place

price, bid and bill your projects

draft and use contracts, online and off

manage your finances

be prepared for, and file, required taxes

reach customers online

The Small Business Start-Up Kit also includes all the forms and instructions you need both as tear-outs and on CD-ROM.

Not only this the book also has many forms.

02) Entrepreneur’s Notebook: Practical advice for Starting a New Business Venture -

Entrepreneur's Notebook propels you on a whirlwind tour of the start-up process. It is an invaluable reference for new and experienced entrepreneurs that includes chapters on a wide range of topics, from entrepreneurial team building to business plans to financing. This excellent book provides an incredible amount of practical information that will help you make smarter decisions and avoid costly mistakes. The author, Steven K. Gold, is an accomplished entrepreneur who has co-founded and led five early-stage ventures. As an investor and mentor, he also advises many entrepreneurs and young companies.

03) Small Business for Dummies -

Want to start the small business of your dreams? Want to breathe new life into the one you already have? Small Business For Dummies, 3rd Edition provides authoritative guidance on every aspect of starting and growing your business, from financing and budgeting to marketing, management and beyond.

Discover how to:

• Make sure that small-business ownership is for you
• Find your niche and time your start-up
• Turn your ideas into plans
• Determine your start-up costs
• Obtain financing with the best possible terms
• Decide whether or not to incorporate
• Make sense of financial statements
• Navigate legal and tax issues
• Buy an existing business
• Set up a home-based business
• Publicize your business and market your wares
• Keep your customers coming back for more
• Track cash flow, costs and profits
• Keep your business in business and growing

04) Small Business Kit for Dummies -

starting your own business is a pretty complicated matter, especially with all the legal issues and paperwork. This updated edition of the top-selling small business resource is chock-full of information, resources, and helpful hints on making the transition from a great idea to a great business.

If you-ve got a great idea for your own business, you need the kind of straightforward advice you-ll find here - the kind of advice you-d normally only get from business schools and MBA courses. Small Business Kit For Dummies, Second Edition covers all the basics on:

• Recent tax law changes
• Balancing your finances
• Hiring and keeping employees
• Effective management strategies
• Accounting fundamentals

If you are a reader form India than also this book is helpful to you. Because once you understand the legal structure of USA, it will be very easy for you to understand the Indian legal structure.

05) The Business Startup Checklist & Planning Guide -

Readers of "The Business Startup Checklist and Planning Guide" will:

- Learn how to overcome the fear of business ownership. - Get ideas for deciding what kind of business to start. - Discover over 200 useful resources and website links. - Locate sources for funding. - Uncover ways to launch a business regardless of your financial situation. - Find out how to locate trade associations, vendors, and business license requirements for all fifty states. - Read stories of successful entrepreneurs from a variety of industries. - Get real world advice and unique ideas you won’t find anywhere else. - Utilize the ultimate business startup checklist to help you plan every step of the process. - Obtain the tools to transform your dream of business ownership into a reality.

Each chapter concludes with a profile of a successful entrepreneur. The entrepreneurs profiled in the book represent the following industries: - Retail - Specialty Foods - Online/Internet - Franchise - Real Estate - Pet Services - Child Care - Virtual Assistance - Fitness - Personal Coaching - Freelance Writing .

06) Legal Guide for Starting & Running Small Business -

Review
"An unusually helpful approach to the start-up process -- covers a lot of basics, from negotiating a lease to representing yourself in small claims court." -- Inc. Magazine

"Get a basic understanding of small business legal issues... [with] this excellent resource...." -- The Wall Street Journal

"Pick up a copy of Nolo's Legal Guide for Starting & Running a Small Business.... It's a great resource." -- Seattle Post-Intelligencer

How to Start a Small Business

This quick guide will help you to start a Small Business. Keep in mind following things while you are going to start a new Business.

STEP: 1 – Find out your Passion & Develop a Business around it -

There are two ways of making money from a Business. First is find out those industries & products which are high paying and having a larger market and second is find out your Hobby or Passion and develop a Successful Business around it. The later one is easy because you won’t realize that how hard you have worked to succeed if you have developed a Business around your Passion.

Honestly speaking, For me the first thing never works. For me, only second thing works. I am not saying that you also do the exactly same like me. Because people are of different varieties. There are many people around the world who drive by the Business profit only. They can do Business for money only. They don’t require any Passion to be persistence in the business.

When I wanted to start my own Web Business, I made a list of literally 50 things that I really like to do. After that I have shortlisted all of my Hobbies, Interests & Passions. Finally I found that, I am passionate about discussing, educating and sharing my Knowledge and experience of Money, Finance, Business & Investment. I thought that I can write without fatigue or reward on Personal Finance, Investing & Entrepreneurship for whole of my life. So Finally I decided to start a Finance Blog. And the Blog “My Journey To Billionaire Club” is in front of you. I have developed a Business around my passion. And today I am earning money from this Business.

STEP: 2 – Business Plan -

Once you decide your Business idea, you MUST work hard on developing a Business Plan first. Because Business Plan is the vision of your Business & where you want to take your Business in the future. Many people have a false Belief that a Business Plan must be sophisticated & developed by some professional person.

But well, this is not true. A Business Plan can be on a piece of paper only having the Aims & Objectives of your Business. When I was planning to start my Blog Business, My very first Business Plan was on a single page only on which I had written Goals for this business & Strategies that how will I fulfill those goals.

I had also written a Marketing Plan for my Blog on the back of that paper. I had written points about How will I market this Blog. So a Business Plan is a Must before starting a small Business.

STEP: 3 – Start-up Capital -

You must have clear cut idea about how will you raise start up capital for your new Business. Weather you will start your business from your own savings or will you take a Bank loan or will you bring the Investors?

STEP: 4 – Legal Structure -

Which legal structure you will prefer before starting a small business is very important. Weather you want to go with sole proprietorship, Limited Liability or Corporation structure. I personally advise to chose a corporate attorney who will guide you in this manner.

If I talk about my self, than I have chosen Limited Liability Structure. Me & my Parents have promoted a Company, “PATEL EDUCATION PRIVATE LIMITED” & This Blog is the Asset of this Company. This entity is very costly for a small Blog Business only. But my future goals are very Big so keeping in mind my future goals, I have chosen to go for this structure.

STEP: 5 – Start Business -

Once you finished all of the above steps, its time to start a Business. Start buying assets (Websites, Blogs, Forums, Computers, Office Space or anything else which is needed) for your Business.

Starting Business: Things to keep in mind -

There are certain things that you should keep in mind before starting a Business. Because Starting a new Business is exactly same like jumping from the airplane without parachute. Here are those things that you should keep in mind before starting Business.

Let me tell you the example of my self. When I have started this Web Business (This Blog), I kept many of these things in my mind and some i learned from my experience.

- Business Plan – You must have a proper Business Plan before you start your Business. Business plan doesn’t mean some sophisticated, expert made Business plan. A Business Plan can be on a piece of paper only. A Business Plan is your vision means at which level you want to take your Business. Some people spend hundreds of thousands of rupees behind a Business Plan. But in my opinion, if you are starting a new Business than keep the things simple. Don’t waste this much money behind Business Plan. Just write down your Goals & Strategies on a simple notebook. But yes, Don’t forget to make your own Business Plan.

Another thing you have to keep in mind that, your Business Plan MUST contain the detailed Market Research & the marketing Strategy of your Product. In other words, before starting Business, you must understand your market and its needs.

- Start-up Capital – Before you start any Business, you must raise enough start up capital otherwise your business will fail at middle of the way before stabilizing. When I wanted to start my own Business, I did not have enough capital. In fact, I did not have few thousand bugs only in my pocket. And that’s why I used my mind and chosen a Business model that requires no (or Minimal) start-up Capital – The Web Business. I was passionate about Money, Finance, Investing & Entrepreneurship since many years. So initially I wanted to buy my own property in which I can teach people of my city about money & investing. But I did not have capital to buy or rent a property. So I changed my Business Model & started this Blog. Because it doesn’t require any start-up capital.

It only requires a Computer that I already had. No doubt, later on in my life, I will re-invest the profit of this Blog and buy my own Properties & develop my own Financial Education System.

- Don’t Borrow Money – As a Start-up capital I personally advise not to borrow money from anyone even though they are your friends & family. I know that many Business gurus will advise you about how to raise start up capital for your new Venture. But honestly speaking, It doesn’t work. And even if it work, I have never seen a single person in my life for whom this formula worked.

The reason is very simple. Once you borrow money, you are in obligation of your lender. And initial few years of any new Business is very critical. it takes a time to grow your Business, Customer base & generate revenue. So if you have borrowed money from the first day of your starting Business than you may be in trouble.

So keep in mind the above things before starting your new Business.

Do you want to know that, where the world famous Billionaires Live? Do you want to see the Billionaire Houses? Than this post is definitely for you. Let us today discuss about Where do Billionaires Live?

01) Bill Gates House -

02) Warren Buffet House -

Warren Buffet – The Legendary Investor lives in a simple house.

03) Mukesh Ambani’s House -

Mukesh Ambani – The Chairman of Reliance Industries, India’s Largest private sector company’s house ‘Antilia’ is world’s costliest House.

04) Lakshmi Mittal -

The Steel-Tycoon Lakshmi Mittal lives in this grand house in the heart of London's exclusive Kensington area.

05) Larry Page -

Google Co-Founder Larry Page’s House/

So the above are the Houses of few Billionaires of this world.

India is a very vast country having over 1 Billion (100 Crore) Population. Today the internet penetration in India is only 47 Million users. But by the end of 2011 this will be over 100 Millions. and in the next decade, there will be a much more Internet Penetration in India.

So What it means to Me? Well, It means “A Great Business Opportunity” for me.

Now let us today discuss the ideas for Indian Personal Finance Blog. Let me tell you the Harsh Truth. The Truth is that, at present there is not a single Personal Finance Blog in India which provides professional advise to the readers except “My Journey To Billionaire Club”. I have Google the web several times to find out Indian Personal Finance Blog but there is not a single personal Finance blog in India which updates in regular basis except this Blog.

So it means that, there is a great Business opportunity for those who want to start their Business in this segment. I know that by saying this, I am creating my own Competition. But I love to share Business Opportunities with my readers and that’s why I am discussing it over here.

Personal Finance is a very wide subject and you can chose to start a Blog on any of its various areas such as Debt Reduction, Budgeting, Investing, Debt Help, Financial Planning, Retirement Planning and many others.

If you are passionate about Personal Finance than there is a great Business Opportunity in front of you. Because Indians need true Financial Education & Personal Finance advises. If you can provide genuine advises & quality content than the market is yours.

So think about this Business-Opportunity.

What should be the best Investment Exercise for Teens? Several of readers have asked me the same question. In fact, every week I receive these types of queries from several readers.

So let us today discuss the Investment Exercise for Teens. Here is a detailed guide about how you can teach your teen age children Investment.

Ex-1: Playing Board Games -

Playing Games is the Best Investment exercise for your kids. There are several reputed games available in the market. You simply have to buy these games for your teens. Studies have shown that, Games are the best & interesting ways to learn & when it comes to Finance & Investing – it should be interesting to learn otherwise the learner will lose the interest.

Here are few most famous reputed board games for Teens. Buying this games for your teen age children will be a great Investment cum gift.

01) Rich Dad’s Cashflow for Kids
02) Rich Dad’s Cashflow 101
03) Rich Dad’s Cashflow 202
04) The Game of Life
05) Monopoly

Click here to buy other versions of Monopoly & The Game of Life from MJ2BC – Amazon Affiliate store

Unfortunately many people think that, Buying a game is wastage of Money. But they don’t understand the fact that it is not the wastage of Money but it is the Investment in your Financial Knowledge. It is the Investment for your Kid.

Ex-2: Playing Online Games -

01) Moneybhai.com – Moneybhai is Free Indian stock market game which anyone can play online. Once you open an account with Moneybhai, they will give you Rs.25 Lakh Virtual cash to invest in the stock market. You have to invest those money in the Indian stocks. The Game tracks the real time prices of Indian Stocks. So it is a great way to learn.

Subscribe a Business & Investment Magazine/Newspaper for your teen age child.

02) Valueresearchonline.com -

Value research is India’s No.1 Mutual Fund Rating Agency. You can make your portfolio on Valueresearchonline for free and track it. So building a stock/MF portfolio on Value Research will be a great exercise for your teen age children.

So I think both of the above can be a Great Investment Exercise for Teens.

Recently a reader asked me a question,

“How can I be a Stock Market Billionaire with Few Lakh Rupees?”

Many people want the answer of the same question. But unfortunately they stuck with some kind of Personal Finance & Investing book or some get rich program. Internet is full of garbage on how to be Billionaire by investing but let me tell you that none of those advises are effective.

So let us solve this query.

First of all, let me tell you that, all the Billionaires are stock market billionaires. Because the Billion dollar is the Valuation of stocks of the billionaires in their own publically listed companies. No one on this earth can ever become a billionaire by trading stocks or investing in stocks of other people’s Businesses.

So How you can be a Stock Market Billionaire with few lakh rupees?

Well, there is only one way to do this – weather you like it or not?

And that is Promote a Company, Develop a Successful Business & take it to the public.

Yes, This is the one and only way to become a Billionaire no matter if you have few lakhs, few crores or No money in your pocket. If you want to be a Stock Market Billionaire than first of all you must have your own Business. Once you have your own Business, start working on the criterias to fulfill the listing requirements.

I am not saying that, taking a Company public is easy but I am saying that, this is the only way to become a Billionaire. So my advise to you is that, if you want to be a Billionaire than invest your those few lakhs in developing your own Business first. Work hard for years to grow that Business like anything. And once your Business grows sufficiently, take it to the public and first of all make your own Business listed on the various stock exchanges.

You won’t become a Billionaire from the first day of listing. You will still have to grow your business after listing to reach the 1 Billion mark.

So according to my advise, Invest those money into your own Business first. Develop your own Business & take it to public……….

The Wealth is Yours….!!!!!!

Recently I have received a query fro a Reader. Successful Blogging is an art and Science.  Here is the Query.

hi asav , i have few doubts regarding blog,

1)in how many days google adsense will be activated
2)How to market our blog with out any investment.
3)Where we can get good templates (need some sites where we can get free downloads)

Dear Reader,

Well, First of all I would like to tell you that, This is a Business, Finance & Investing Blog. So discussing all of the above queries about Successful Blogging in very details is not possible here. But still I will discuss it here because Blog is a Business & its owner is a CEO.

I will give you the Best references here where I can’t go into further details because of the limitations of the core objective of this Blog. So ultimately this post will be a wealth of Information for you. In fact, I will tell you those things which I personally myself apply to this Blog.

Ans- 1) Well, Google AdSense should be usually activated in 3 weeks only if your Blog meets all the criterias of their Guidelines. If only 1-2 criterias don’t match they will refuse to activate your account. So before sending application for Google AdSense, you make sure that your Blog meets all of their criterias of acceptance. You can find these criterias on the Google AdSense website itself.

Ans –2) I have read lots of material and e-Books about Blog Marketing. So Here is a checklist of my Blog’s Marketing Strategy.

01) Interviews – Take the interviews of other bloggers & success people in your Niche. Your readers will have a great impact on it. and the person whose interview you have taken may likely to discuss about his interview with you on his Blog.
02) Guest Posts – Ask for Guest Posts to other bloggers in your Niche. This will increase the trust among your readers.
03) Comments – Frequently comment on other blogs & Forums of the same Niche. Don’t comment like Nice Post. But comment in intelligent way so that your comment adds value into that post. The readers will automatically flow in your Blog.
04) Forums – Finds out 2-3 Giant Forums in your Niche & actively participate in those Forums. Over the time, their readers will come to know about you.
05) Spark a Discussion – Try to communicate with other bloggers via e-mail and try to spark a discussion on some topic & discuss it. It will be a great content for your blog.
06) Digg, Delicious, Stumbleupon, Reditt – Use this social bookmarking sites to boost your Blog. You can’t digg your own Blog posts but your active accounts on these social bookmarking sites will help you to spread your message,
07) Blog / Website Reviews – Review Blog & Website of your Niche & inform their owners. So that they will come to know about you and they may tell their readers about your Review.
08) Articles Marketing – Ezine Articles is the Best. Submit your creative articles on Articles directories on the web. The Web traffic will come to know about your site.
09) Communities [Orkut & Facebook] – Open the account of your Blog on famous Social Networks such as Orkut & Facebook. Your Blog message will spread like a Virus.
10) Twitter – Twitter is the most powerful Social tool if used effectively. Regularly post tweets (Small posts) on twitter & Your Blog audience will grow like anything. I personally use Twitter very aggressively.
11) Niche Blogging – The concept of Niche Blogging is very new. Right now I am not using it but very soon I will use it. Niche Blogging means you open 2-3 small concentrated topic blogs which can drive traffic to your main blog, The flagship Blog.
12) Link Exchange – Link exchange means exchanging links with other bloggers. Don’t do it unethically because for google it is unethical.
13) Viral Marketing – Make e-Book on some topic on PDF & send it to Free via email attachment. It will spread like a Virus & increase the popularity of your Blog like anything.

So the above are the strategies that I personally use for this Blog. All of the above strategies should demand a separate post to explain but it is out of scope to discuss them on this Blog so I will provide you Links that, where you can find the detailed Information of all the above strategies.

Ans – 3) If you search Google than you will find several sites which offers free Blog templates but most of those templates don’t work. I Personally find Free templates for Bloggers on BloggerStyles.com These people convert Wordpress Templates into Bloggers templates for Free. They also have paid services.

This Blog Template is from Blogger Styles. So I am sure that you will find your template over there.

Useful Resources -

01) Problogger – Problogger is World’s No.1 Blog on Blogging. You will find everything related to Blogging & Blog Marketing over there. I have personally used literally hundreds of strategies of Successful Blogging for this Blog on Problogger.

02) CopyBlogger – Copyblogger is world’s No.2 Blog on Blogging. I am sure you will find many things about successful Blogging and marketing over there.

03) Blog Profits Blueprint – Download this PDF about Successful Blogging from Yaro, The founder of the great Blog Entrepreneurs-journey.com

04) Roadmap to become a Blogger – Again download this PDF by Yaro and his friend. You will find a wealth of Information over there.

05) BecomeaBlogger.com – On this website, Yaro will teach your the basics of Successful Blogging via Videos. This is  very helpful site for beginners.

06) Learn How to Make Money Blogging – Blog Mastermind – if you are seriously interested in making money from a Blog than buy this program from Yaro. This will not the spending but the Investment in your own Business. So I highly recommend you to buy this program if you are serious about making Huge money from Blogging.

There are several Finance Blogs all around the world in the Blogsphere. But I don’t find many Finance Blogs in India.

The Indian Blogging Industry is in nascent stage and people don’t know the potential of Blogging as a Business. Very few people in India know that Blog is a Business & its owner is a CEO.

Yesterday, I have Google for, “Finance Blogs, India”. I have find several search results and many registered blogs as Finance & Investing Blogs but most of them are dead or not mature enough. Most of those blogs were not professionally providing services. And this is the reason, they fail to attract the sufficient traffic.

After that, I also go to various web directories on the web but I unable to find any Finance Blog which is professionally run like “My Journey To Billionaire Club”.

I personally feel that, at present there are not many Personal Finance & Investing Blogs in India. And this I look as a “Business Opportunity”. Because India is a very vast country having population of over 1 Billion and most of them have different types of Financial worries. So starting a Blog in Finance Niche in India can be a great opportunity.

Blog has a huge potential to influence the mass population. In fact, people believe that Blogs are more trustworthy than traditional static websites. I think in countries like India, the concept of Blogging & reading blogs on regular basis is a very new concept. In developed countries like USA, there are several blogs in this space and people read blogs on daily basis because blogs are proved to provide a fresh content on daily basis.

So Do you know any Finance Blogs of India? Than please let me know. I would like to know about Finance Bloggers of India…….

There are some expenses that reduce when you retire. Once you take retirement, the following expenses will be cut down from your Expense Column.

Well, the first expense is day to day travelling expense. Once you retire, you no longer have to go to your work place so this expense will be totally eliminated. Another expense that will reduce when you retire is your food and cloth expense. Because as you are retire now, you can now spend your time at home to cook your own food at cheaper cost.

So once you retire, several of your expense will be reduced.

But Wait….. Here is a Trap. Many people think that once they retire, their expenses will be reduced because their some basic expenses will be reduced. But this is a partial truth. It is true that after retirement, many of your expenses will be reduced but at the same time many of the new expenses will be added into your budget.

Because now you are retire so you will have more time to spend. You will have more time to travel the world and you will have more time to enjoy. So once you take retirement, your entertainment expenses will be increased.

And that’s why it is very important that while planning your retirement, you should keep in mind all of the possible expenses that may incur after your retirement.

Many people make a common mistake and that is, While Planning their retirement they think that after retirement, their expenses will be reduced drastically. But this is not a truth for everyone. It is quite possible that your expenses may rise after your retirement.

So keep in mind this thing while planning for your Retirement.

Dollar Salary: US $ 1 Salary Club

Are you searching for the salaries of Top most Rich people of this world? Than you are at the right page. Let us today discuss the Annual salaries of few most successful and rich people of the world. You will be surprised by knowing their salaries.

Here are those people.

01) Steve Jobs - Co-founder, Chairman and CEO Apple Inc.

 

Annual salary: $1 - since 1997
Bonus 2007: $0
Net worth: $5.7 bil
Owns: 5.5 mil shares of Apple Stock, stake worth about $9 bil - largest package Disney shares, stake worth about $4.7 bil.
Bio: born USA, 1955 - Reed College drop out - Married, 4 children

02) Larry Page - Co-founder and President of Products of Google Inc.

 

Annual Salary: $1 - since 2005
Net Worth: $12 bil
Bonus 2008: $0
Owns: 29.1 mil shares of "Class B" common stock Google, which means they carry greater voting power than ordinary shares, worth about $13 bil.
Bio: born USA, 1973 - Master Stanford University - Married, no kids

03) Arnold Schwarzenegger - Governor of California

Annual Salary: $0 - since 2003 he donates his governor salary to charities.
Net Worth: estimated at $100 – $200 mil, but his complete fortune - including the stocks, bonds, business investments and real estate he owns - is actually estimated anywhere in between $800–$900 mil.
Bio: born Austria - B.A.University of Wisconsin-Superior - Married, 4 kid

04) Sergey Brin - Co-founder and President Technology of Google Inc.

Annual Salary: $1 - since 2005
Net Worth: $12 bil
Bonus 2007: $0
Owns: 28.6 mil shares of "Class B" common stock Google, which means they carry greater voting power than ordinary shares, worth about $13 bil.
Bio: born Russia, 1973 - Master Stanford University - Married, no kids

05) Bill Ford - Chairman of Ford Motor Company

 

Annual Salary: $1 - since 2001
Owns: since 2005 an array of stock grants and options worth some $18 million as part of a bonus. In 2008 a Ford spokesman said Bill Ford had foregone compensation estimated between $25 million and $33 million during the three years of his no-pay vow. The Ford family retains 40 percent of voting power at the company through a separate class of shares.
Bio: born USA, 1957 - Princeton University - Married, 4 children

06) Jerry Yang - Chairman, CEO and Chief Yahoo! of Yahoo! Inc.

 

Annual Salary: $1 - since 2007
Net Worth: $2.3 bil
Owns: 54.1 mil shares Yahoo
Bio: born Taiwan, 1968 - B.S and M.S. Stanford University - Married, 1 k

07) Jeffrey Katzenberg - Co-founder and CEO DreamWorks Animation SKG

 

Annual Salary: $1 - since 2004
Net Worth: $859 mil in 2006
Owns: 36.4 million (of Class A & Class B) shares, worth an estimated $109.2 million. In addition, 618,571 shares of Class A restricted stock with performance-based vesting conditions granted to Katzenberg at the time of its October 2004 IPO will vest in the first quarter of 2009. As of January 12, 2007, these shares had a value of $18.53 million.
Bio: born USA, 1950 -  University New York drop out - Married, 2 kids - board member of a variety of institutes

08) Michael Bloomberg - Mayor of New York City

 

Annual Salary: $1 - since 2002
Net worth: $11.5 bil
Owns: 68% stake in Bloomberg L.P.
Bio: born USA, 1942 - B.S. Johns Hopkins University, M.B.A. Harvard University - Divorced, 2 kids

09) Henry Samueli - Co-founder, chairman and CTO Broadcom Co.

 

Annual Salary: $1
Net Worth: $2.3 bil
Owns: NHL's Mighty Ducks of Anaheim with a value of $197 mil. - major share holder of Broadcom - received instead of salary in 2007 from Broadcom: $787,847 long-term compensation and 1,500,000 stock options Broadcom worth $12,090,000
Bio: born: USA, 1954 - B.S., M.S. and Ph.D. from the University of California - Married, 3 kids

10) John Corzine - Governor of New Jersey

Annual salary: $1 - since 2006, his governor salary goes back to the state
Net worth: hundreds of millions dollars, shares and payment as former Goldman Sachs CEO
Bio: born USA, 1947 - M.B.A. University of Chicago - Divorced, 3 children

11) And more to come:

 

Eric Schmidt - CEO Google, Richard Fairbank - CEO Capital One, Ralph Robert - Founder Comcast, Rich Kinder - CEO Kinder Morgan, David Zinberg - CEO Bidz.com, James Li  – President and CEO Syntax-Brillian Corp., Phil Bredesen – governor Tennessee, James Rogers - CEO Duke Energy

Have you ever observed that High School Drop out & College drop out people are much more successful Financially than every one else? Here are some world’s Top Most High School Drop out & College drop out people.

01) Bill Gates – Harvard Drop

Bill Gates, The Riches person of the world (2009) and the founder & Chairman of Microsoft is Harvard Drop out. He left the world famous Harvard college probably in the second year of his graduation to build the Giant Corporation of the world – Microsoft.

02) Mark Zuckerberg – Harvard Drop out

Mark is the founder of Facebook.com, the largest social networking site of the world. He go to California for venture capital funding for his Business & never came back to study. Today Mark is 24 and he is world’s youngest self-made Billionaire (2008) having Net worth of US $ 1.5 Billion (Rs.7500 Crore).

03) Dhirubhai Ambani – School Drop out

Yes, The world famous Business Tycoon & the founder of India’s largest private sector company Reliance Industries, Dhirubhai Ambani is a school drop out. He left the school after completing his Metric Education. Today his two sons Mukesh & Anil Ambani are world’s Top 100 Richest & India’s Top 10 Richest people.

04) Steve Jobs – College Drop out

Steve Jobs, the founder & CEO of Apple Corporation (which makes iPhone & many other things) is a college drop out.

05) Henry Ford – High School Drop Out

Henry Ford, The founder of Ford Motors was a High School Drop out. And he has made world’s largest car making company, Ford Motors.

06) Larry Page – College Drop Out – on leave for his Ph.D. Programme -

Whoa….. Larry, the founder of world’s Most Giant & famous Search engine technology – Google is also a drop out. Larry went on leave from Stanford after earning his master's degree. He is still "on leave" from the Ph.D. program. He has never gone back to complete his Ph.D program.

So all of the above people are drop outs from the Education System & today they are the most successful Financially. None of their School Going competitor is even near to them wealth wise.

SO What this suggest? This suggests that School system is no longer effective to ensure any kind of Financial success in your life. This shows that Education System is not for you if you want to achieve a great wealth in your life.

It shows that Education System is for those who want to find a safe and secure job and want to live paycheck to paycheck.

We use the words Large cap, Midcap & Small cap stocks everyday in our life but many few people know the exact meaning of these words. So let us discuss today what it means by Large cap stocks?

First of all let us understand what it means by Market Capitalization?

Market Capitalization means share price of any Listed Company multiplied by total number of outstanding shares of that company. Say for Example, if Company ABC has 10,000 shares and the share price is Rs.100 per share than the market capitalization of Company ABC is 10,000 multiplied by 100 = Rs.10,00,000 (10 Lakh).

Now here is the definitions of Large Cap, Mid cap & Small cap stocks -

• Large-cap: $10 billion–$200 billion
• Mid-cap: $2 billion–$10 billion
• Small-cap: $200 million–$2 billion

However, let me tell you that these are today’s numbers but these numbers may vary country to country and time to time. Say for Example in 1950s, the market cap of more than US $ 1 billion used to be Large Cap.

Now all the 30 stocks of Sensex are Large Cap means each of them have Market capitalization of more than US $ 10 Billion. Here are few Examples of Large Cap stocks of India.

01) Reliance Industries
02) ICICI Bank
03) HDFC Bank
04) SBI Bank
05) Infosys
06) L & T
07) ONGC
08) Maruti Udyog
09) NTPC…etc…