Easy Way To Make Money As A Deal Maker

To make easy money is a learned skill. It co-incidently happens to be exactly the “type” of money you need to get skilled at getting- if you want your first million under your belt.

I dont know what your motivation is, however I do know that most people would say yes if they were offered a specific way to make their first million fast and easy. If you notice something about millionaires they all seem to have one single thing in common. They do deals. Thats all they do. You might think, well, its ok for them to get around in nice clothes and nice cars and do that sort of thing, but how does that help me.

I’ll tell you a little secret, hourly wage money, cashflow money, dividend money and in fact ALL other types of money are not easy, they are not quick and they certainly have NEVER been responsible for anybodies rapid wealth. I say rapid wealth because thats the only type I am interested in and make no apologies for it.

What I am saying is this, to become free of the burden to work, to rise above all and any financial problems you may be currently experiencing, you are going to have to start thinking differently. You are going to have to begin to see things from a new perspective. By doing so, you will open yourself up to real opportunities and real results.

Being a deal maker is part of that new mind set. Its not difficult for one reason. You are not trying to sell snow to Eskimo’s. You are not selling at all. You deal in weighing and measuring fiscal and intangable values. Theres alot to this but its not about selling or convincing people of anything. The value of knowledge always outweighs the scurge of darkness. Find out about these things.

To your health and rapid success,
Martin Thomas(c)

Martin Thomas is a professional investor. 5 years ago he was he was given a book that changed his perspective. The book was given to him without hype by a friend. The book was passed to him with a simple knowing nod. The book taught him how to make his first million in under 14 months. The book can be found here
http://www.opportunity-investor.com

Cost Averaging - It Makes Sense (Dollars & Cents)

It’s no secret that the market goes UP…the market,
goes DOWN. That’s the basics of Investing 101.

For many of us the shape of the market day to day has
about as much influence on our lives as the time of the
tides that day. But for investors - especially first
time investors - it can be a rollercoaster of heart
racing highs and stomach churning lows. Every movement
is being carefully reviewed and if it turns down then
investors with itchy feet jump out.

If you know the benefits of investing, how can you
avoid the stress of putting your hard earned money into
the market?

Financial planners and investors are quite clear on the
subject. New investors should not make an investment
unless they are going to let it sit at least 5 to 7
years - the longer the better.

Why?

Well, the economy DOES move up and down, but we have
never seen it bottom out (and if it did - well, you’d
have much bigger concerns than your investment).

By selecting a diversified portfolio, such as a mutual
fund, you can usually base your prediction on past
activity and you’ll see that in any 7-15 year period
the investor always came out with more than he put in.

How do you take advantage of that? When should you
invest?

Well, if shares were being sold for $10 each and you
had invested $100 you would have purchased 10 shares.
Now, if that is your whole investment you would be very
upset if the value went down to $5, wouldn’t you? Now
your stock is worth $50. What would you do? Sell before
it goes lower and loose $50?

Using the ‘Cost Averaging’ technique:

Cost averaging means you continue to put the same
amount of investment into the market regularly -
preferably every month. Now if you did that you would
have invested another $100. At $5 a share you would buy
20 shares. Right now you have invested $200 but only
own $150 worth of shares.

What happens when the price goes up?

When the price goes back up (and it will) it may stop
at $8 per share. Now what? Well, you invest your next
$100 and buy 12 shares.

You now have 42 shares valued at $8 each. That totals
$336. Your investment was $300 so you just made 12%
off of your investment.

Combining the cost of averaging with the 10%
recommended for us to set aside for savings or
investment - what’s stopping you from jumping in?

Lucy Vestirian is the webmaster for
http://www.fyinvest.com which is the premier invest
site on the Web. Visit http://www.fyinvest.com to
learn about different investment ideas and strategies

A Penny for Your Stocks

According to Investopedia Inc. the penny stock market has seen phenomenal growth this past decade. From ‘94 to ‘03, the Over-the-Counter Bulletin Board trading volume increased an astounding 8900%, equaling a total of 63% of the NASDAQ and 78& of the NYSE share volumes. Many an investor has succumbed to their siren song.

It isn’t hard to see why. Penny stocks are usually traded in lots of 1,000 and, as the name suggests, are bought (and sold) at incredibly low prices. There is no official price cut-off, and differences of opinion range from shares trading under $1.00 all the way up to $5.00. Others distinguish according to the market that they are traded on (the OTCBB, OTC or “Pink Sheets” for example). Yet others designate stocks as penny stocks based upon their market capitalization, or the value of each stock multiplied by the total number of outstanding shares. Regardless of the specifics, a general rule applies to all penny stocks - they are a very high risk investment. Inversely, there’s also the potential for staggering rewards.

But for every pot of gold at the end of the rainbow, there are thousands of cliffs and pitfalls along the way. The risks and dangers of penny stocks are many. In the stock exchange, there is a “best price” priority given to orders of a higher price than yours if you’re buying or a lower price if you’re selling. Combining this priority with what is very often low volume trading means there will be times when you find that your orders cannot be filled. In addition, there will be instances where you will have to settle for partial order fulfillment. And these are just dangers faced when your stock is performing well.

Penny stocks come from companies that are often less than credible, and unlike some of their more expensive cousins, can find themselves swayed by the power of rumors. Press releases, news stories, widespread whispers and even online forums and chat-rooms can be responsible for dramatically influencing their performance. This volatility creates two considerable challenges: 1) a high potential for schemes and scam artists; and 2) the inability to use traditional stock charting methods with any real effectiveness. It goes without saying that this isn’t a market for the faint of heart.

Jennifer Gibbs is a successful freelance writer who lives in South Georgia with her husband and son. Be sure to check out her website for more great content, or to request a bid for your writing needs. http://www.JenniferGibbs.com

Trading Baskets Part I

Q. What is a basket?

A basket is a group of up to 50 stocks that you can trade, manage and track as one entity.

In another article, I wrote about a rather conservative method of being in the stock market. See: “A Triple Dipper: How to Make 3 Profits on 1 Stock” at http://www.traderaide.com/Selected_Articles/Tripple_Dipper.html.

This time let’s talk a little about trading “baskets”. The definition above maybe needs to be expanded just a bit. You can trade baskets using longer term buy and hold strategies, a shorter-term swing trading approach or as a day trader. A basket of stocks is nothing more then any group of stocks that someone has grouped together for any of a number of reasons. They may be of the same sector, or they may be made up of a number of stocks in different sectors.

An example of a few baskets could look like what is sited below. To save time and space I’ll use the stock symbols only. You can look them up later if you are interested. Let’s say you see stem cell research as the thing of the future and wanted to be invested in it. If you don’t know which stock is going to fair the best, you may want buy a basket of stocks that is made up of ASTM GERN and STEM. This would be a basket of stem cell stocks. Now let’s say you think the Internet stocks look good and, again, you are not sure which ones will do the best. In your Internet basket you may want to pick up some shares of EBAY, YHOO and AMZN. Obviously your basket can contain any number of stocks you want. Many online brokers will actually allow you to set up baskets in your account, and you can put in a sell order all at once on the entire basket or pick and chose which ones you want to sell. I’m not recommending these stocks in any way, shape or form, but merely using them as examples.

Okay, that’s pretty basic, but I’m sure you get the picture. The examples above would more or less be the type of baskets you would probably be thinking of holding for some time and not day trading.

Most day traders have an entirely different kind of basket of stocks. A day trader may have any number of stocks in his trading basket that he or she has been become very familiar with. They have studied them and even charted them for intraday movement (I hope) for some time and have learned the trading habits of the individual stocks. They have a fairly good idea of how the stock moves on a daily basis with or without news. They have knowledge of how it reacts to earnings, analyst upgrades, analyst downgrades and other events that may be reoccurring. They have also probably learned how they trade when hit by surprise events as well. They know which market makers to watch the closest. They also know who the main market maker in the stock is, often referred to as the axe.

A day trader’s basket may be any number of stocks. A good average could be somewhere between 25-50 stocks. But it may also be larger or smaller. I have known traders that traded one stock all day long and nothing else. I have known others that were able to watch 300 stocks. Personally, I think that is way too many.

When I was trading I had a basket of about 75 stocks. Some I knew were only going to be in play on news or when reporting earnings. Others were fairly reliable moves on a daily basis. And still others were extremely sensitive to any sort of news or event.

Today, if I was going to put together a basket of stocks, I would be looking at the following symbols: GOOG, TASR, TZOO, AIRT, QLGC, SYMC, PLMO, KMRT, EBAY, SINA, RIMM, RMBS, PCLN, and DCLK as well as other NASDAQ stocks. I would not over look New York Stock Exchange stocks, although many do. I would be looking at: MO, PFE, CAT, GE, GM, TYC, MRK, MOT, and others as well. Keep in mind, I am not recommending any of these stocks specifically for you to buy or trade. I am merely trying to give you an example of what a basket may look like. You have to decide yourself what stocks you would add to you your basket based on your own knowledge gained through experience and research on each stock.

I think every trader should have a basket of stocks he or she follows and trades. Day trading without your own basket raises the risk level and puts you in a position where you are always looking for something to trade. On slow days where the market is just not offering up much in the way of trading opportunities, you may have a tendency to jump on stocks, that under different circumstances, you would have passed on. Having your own basket of stocks will lower your exposure to risk. They may not move any better under slow market conditions, but at least you will have some knowledge of how they move.
In Part II I will tell you about a special trading basket technique I used during the early boom days of day trading. It may still be a valid concept today.

No permission is needed to reproduce an unedited copy of this article as long the About The Author tag is left in tact and hot links included. We do request that we be informed of where it is posted so reciprocal links can be considered. Email floyd@sbmag.org.

Floyd Snyder has been trading and investing in the stock market for three decades. He was on the forefront of the day trading craze that swept the nation back in the late1990’s both as a trader and as the moderator of one of the Internet’s largest real time trading rooms. He is the owner of http://www.TraderAide.com , Strictly Business Magazine at http://www.sbmag.org http://www.FrameHouseGallery.com and http://www.EducationResourcesNetwork.com

Building Wealth - Gann Made $50 Million Here’s How

W D Gann was one of the most famous investors of all time and a portrait hangs of him in the New York Stock Exchange in recognition of his achievements.

This article is all about how to build wealth and how to do it quickly.

Let’s look at Gann’s methods and how you can use his tools to make yourself some big profits to.

Gann’s Methods

Gann’s methods were all based upon the theory that market action repeats itself.

As humans our psychology is constant and as we are ones who create market prices this psychology repeats itself again and again in price action.

Gann used technical analysis to make his trades and when he traded at the turn of the century he employed a team of draughtsman to construct the charts.

Today, traders can simply use computer programs to do the work and there are many good ones about and plenty of Gann’s courses, so you can learn the basics and apply them easily.

There are also money managers who use Gann’s methods to trade and many have outstanding track records of success with 30% annualised gains and more. If you don’t want to trade yourself then this option is open to you.

Trade to build wealth

In fact, you can do all your trades in under an hour a day, from the comfort of your own home. All you need is a computer and an internet connection and you are all set to build some serious wealth.

To trade Gann’s methods you need to confidence in them. As with all trading methods you will have losses and it is essential to have the discipline to stick with the system even during periods of losses.

Trading success is based around the following equation:

Trading method + Applied with discipline = Financial success

This may sound obvious, but 90% of investors can’t get the second part of the equation right. They can’t trade with discipline. They let their emotions dictate their trading moves and end up losing.

Gann removed this emotional component by only doing what his charts told him.

When the majority thought share prices would go on forever in 1929, Gann got ready for the crash! And you guessed it he made a killing in the markets.

Stand Alone from the crowd

Gann was an individual he didn’t care what people thought of his methods and he didn’t care what people thought of his trades. He simply concentrated on building wealth $50 million dollars of wealth.

Gann can give you the methods and the tools, but only it’s up to you to use them to build wealth. Gann traded in isolation and you must to.

If you can apply the methods he created with discipline the path is open to you to.

You Have An Advantage Gann Didn’t

You have computers where even computers with low specs contain more power than the computers that put man on the moon! We also have the greatest technological innovation ever: The Internet.

These tools can help you build wealth in under an hour a day. Take a look at Gann’s methods and you will see a route that could lead you to financial success to.

FREE Gann information on how to build wealth with Gann’s trading methods from a company applying Gann’s tehcncial trading tools for over 25 years with outstanding success visit:

http://www.gann.co.uk

Make Trading Decisions without Emotion

To trade without emotional involvement. It is a necessity, and
yet it is virtually impossible. Certain things in life just
bring out emotion, like making decisions that effect your
financial outlook. There are two things that make this uniquely
harder for traders, than for non-traders. One is, we are likely
to be more involved in our financial well-being than
non-traders. Some people would even say our priorities are out
of whack, and perhaps they are right. But nevertheless, that is
the way we are, and if we weren’t that way we wouldn’t be
traders. The second factor that makes emotionless trading very
difficult is, this is likely to be our passion. We aren’t
singers, humanitarians (hopefully we do share our wealth),
writers, politicians, spiritualists, we are traders, and are
likely to be passionate about it. Many of us to be honest, love
it. Love it like Pittsburgh loves their Steelers, irrational,
all consuming, eats us up inside love it. And yet we know in our
heart of hearts, or more importantly in our logical, rational
part of our persona that we can’t be emotional about it. Not be
emotional about that which we love?? It is one of the hardest
things in the world. That is why Doctor’s don’t treat family
members.

One of the easiest traps to fall in, is to be angry at the
markets. Like a new love, nothing can get your hackles up so
much as that which you love. And when the markets fail you, that
love has disappointed you. And when love disappoints rage can
easily follow, just ask your teenager. It really fires that
special spot in your belly. The problem with becoming angry at
the markets, is you want to get back at it. But to traders the
market is the epitome of unrequited love. The market has no
emotion, you are fighting a losing battle, if you think you are
going to get back at it. Because it doesn’t care. The bad thing
about this is that you are likely to trade horribly because of
this emotion, if it goes unchecked. You will override your
systems, you will trade without thought, you will in fact mirror
the very thing you are trying to defeat. Emotion not thought
out, which is what huge market swings are.

The second pitfall of anger is similar to the first, but perhaps
not as devastating. You are not angry so much as you want to
recoup your losses. Like a horse bettor who got skunked at the
track,, and borrows money from Uncle Rich, you increase your
bets, throw out money management principles and press to recoup.
Financially this can be more devastating than anger all on its
own. Often though it is the first step to the anger mentioned in
the previous paragraph. The first curl in a spiraling out of
control, that will likely break you in the end.

Anger isn’t he only emotion the markets bring out in us. The
opposite of anger is euphoria, everything has gone your way.
Some trades have gone beyond your wildest expectations. And
ca-ching the money is rolling in. Up go your trades, and you are
on a roll like no other. You have figured it all out, and the
market is yours. She loves you, just you, and will do what you
want. Again out go the principles that got you there, and out
goes your winning streak. And viola you have fallen into the
anger trap. Or at least the recoup trap, you beg forgiveness, if
the market will just return you to where you were before
euphoria made you greedy. You confess your sins and beg for
mercy. But again the market has no mercy, the market cares not
for you.

In my own experience it is after this roller coaster, has cut my
trading funds in half, that I begin again to trade without
emotion. So how did I get to the point, where there never
happens again? Where the market does not elicit anger or
euphoria. Well I don’t think you ever do. It is very hard not to
have emotions when you get pummeled or a positions breaks to the
upside wildly. So what do you do?

You admit it, you acknowledge it, you are aware of it. You say
,yes that just ticks me off, why would that trade do that. And
you go form there. You decide what to do, if anything after you
acknowledge your emotions. You stick to your trading rules. You
can then go back and learn from the event. Which is the real
value of mistakes. You can analyze what went wrong, compare it
to what has gone right in the past. Perhaps change your rules,
perhaps accept that things are going to go wrong in the game of
trading. And that is the price you pay for the right trades. But
you NEVER make a trade based on emotion.

You can still love the market, the game of trading. I do, and
then I hate it too. I think about my sailboat beckoning, and
want to bag the whole thing. And that day will come. But the
difference is I love the markets from a distance, from a
reflection, I love it as an accomplishment of man. It has been a
huge part of my adult life, and has shown me every aspect of
human emotion, and has taught me one very, very nice lesson,
patience.

Regarding Bad Credit Cash Advance Interest Charges

A frequently advanced denunciation by disparagers of the no fax no credit check payday advance industry picks on the p.a. rate customarily levied upon a short term payday loan that can build up to hundred percent or higher. For a deeper view about the no credit check payday advance see here.

The APR or annual percentage rate is just a well accepted indicator reflecting the total amount of interest a client would be required to pay for a full year. This APR serves us with an established formula to realistically ascertain which financial solution imposes a higher or lower drain on resources to the asking party, counting in accidental charges that may be slapped on.In point of fact, the annual interest factor is acknowledged to be a highly positive algorithm bearing upon loans traversing a span of a full year at least .However, re two weeks loans or investments the APRs are certainly much less useful.

So why not compare fast cash advances to taking a taxi home from the train station. It might cost you about 40 dollars to get home in this manner. No doubt, 40 dollars can be called anythin but a trivial sum to have to pay for such a ride and yet people opt for it simply because it is practical and services a specific need. Now you and I know full well that we could also rent a car for an entire day for 40 dollars including as many miles as we want to.

Now let’s just say we do that– i.e. rent a car and drive say 400 miles during this one day we’ve hired it. Now the subscribers of APR would assert that one must annualize to obtain coherent comparisons! Really? Let us take the price of our taxi ride (that’s $2 p. mile x 400 miles) which gives us eighthundred dollars. The “annualized” counterpart of the car rental contra our taxi ride equates to $40/$800. Of course, you and I know that renting a car was certainly not our best option, notwithstanding how much more expensive the rate of interest p.a. was in this particular case.

And the same holds true for short term payday advances. Because after all loans till payday are two week loans, they’re not annual loans. The obviously high annual lending rate isn’t very meaningful owing to the fact that this class of loan doesn’t span a full year. The absolute borrowing fee will be around 15-25 percent for the loan. That fast cash loan advance is a costly decision not to be adopted without due consideration of all viable alternative options.

Alright, they can help people in times of financial necessity. Yet they are not implied as intermediate or long term financial tools.

How To Trade Stock, Timing Is Everything

The following article lists some simple, informative tips that will help you have a better experience with how to trade stock.

Aim for the best timing in stock market trading. It is the only option for a successful stock market investor learning how to trade stock.

In order to raise capital and invest in the business, companies issue their stocks and the public may then buy and sell. The price varies depending on the supply and demand. This is what a stock market trader takes full advantage of.

The business of stock market trading can offer better profits to the investor compared to ordinary stock enterprise. The stock market offers a wide variety of stocks to choose from for any investor to go on with stock trading. There is always a moving stock out there amongst the thousands of others registered.

However, a careless attempt to proceed with stock market trading can produce undesirable result. Big losses can be incurred if the market trend is not properly predicted. Small profits would also frustrate the purpose of doing stock market trading. An uninformed stock trader may also end up waiting for that decisive moment that would never come.

Market Timing

The more authentic information about how to trade stock you know, the more likely people are to consider you a how to trade stock expert. Read on for even more how to trade stock facts that you can share.

To avoid the adverse effects of poor stock market trading, investors use market timing to forecast when the market will change its course. Market timing presumes that the decisive point can be predicted ahead. The direction of the market is predicted through a thorough examination of the price and economic data.

Best Timing

The consistency of such trend prediction is subject to many factors, that is why the aim of any would-be successful investor is best timing. At first glance, market timing sounds like a guaranteed way to make it big. This however requires exertion of considerable effort and persistence in carefully studying the various factors this is the proper way to learn how to trade stock.

Avoid mere speculating. Speculating is a desperate move when the investor hasn’t done his homework.

Investors also buy stocks because they got a hot tip from someone. Most of these tips however prove to be false, as they are mostly given by parties with vested interests.

Market timing requires involvement in research to know the company’s history and calculate the trend by charting the movement of the stock’s price. This involves analysis of the value of the stock to come close to accurate in predicting the trend. This is ideal in developing standards for when to buy and when to sell for the investor must accurately settle on the proper time to sell. One must also correctly determine when to regain, reselling the stock bought when it reaches its peak value. This way, the maximum profits can be realized.

Is there really any information about how to trade stock that is nonessential? We all see things from different angles, so something relatively insignificant to one may be crucial to another.

Article by Ray Mills,

webmaster of www.find-information-about.com A complete resource to help you understand how to trade stock.You’ll find answers to basic stock market questions,as well as up to date news and information.

Learning the Stock Market Game-How to Day Trade Stocks Online-Learn to Trade Stocks

These days there can be a lot of ways to make extra money. Buying and selling real estate, getting a second job or opening up a brick and mortar business operation are among the most popular options.

But many of those traditional business options might require a heavy upfront investment or start up capital on your part, as well as paying an increasingly high interest rate on any loans.

Day trading stocks online on the other hand can offer you freedom and easy liquidation of your funds. You don’t have to tie up your initial seed capital for months or years. You can buy and sell stocks on the same day and put your potential profits back into your cash account with out making a trip to the bank and waiting in a long line.

Another good possibility of day trading is that You don’t need a lot of money to start making money, unlike the majority of conventional businesses.

But here is the first thing you MUST DO if you want to aspire success in day trading : You have to PREPARE YOUR SELF, just like you would in order to accomplish goals in other areas of your life.

Day trading is similar to any other business operation in the sense that every successful venture owes its success to the method used to conduct its business. In other words your day trading results depend in large part on your strategies and method. So never attempt to trade stocks with out using and practicing clear strategies on how to buy and sell stocks.

At the end of the day online stock trading is all about picking the best stock opportunities and following your buy and sell signals with ease and simplicity. Once you learn to master your trading decisions, you can aspire to produce consistent profitable results.

Stress Free Traders helps day traders & investors choose stock trading opportunities in a practical way every day at http://www.StressFreeTraders.com

Building Blocks of a Financial Foundation

You can’t build a house from the roof down, and you can’t build a financial fortune from the roof down either. You have to build a foundation first.

The basic foundation of wealth consists of four legal tools. If you understand the tools and know how to use them, your chances of building a financial fortune are much better. If you don’t have the basic foundation, it is time to get your act together. If your parents don’t have their foundation in place, it’s worth every effort you make and every dime you spend getting the foundation in place for them. Here’s a basic overview of the four tools:

Testamentary Will

Everyone needs a will. Even if you have a revocable trust, you need a will. The will names the personal representative (the executor or executrix). A family member, who is geographically near the bulk of your estate, has good business sense, and can be fair with your heirs, is the person you are looking for. It is basically malpractice for the attorney to name himself or herself as the personal representative.

The will names the guardian for your minor children. If you have minor children or grandchildren, you had better see to it immediately that a guardian is named in the parent’s will. The will should put restrictions on the guardians. Most wills simply state, “John and Mary guardians to my minor children.” You can do better than that. Coach the judge in your will. It should read, “John and Mary; provided they raise the children in our family home where the children are living at the time of my death.” “John and Mary; provided they are still happily married and harmoniously living together.” “Grandma and grandpa; provided they have the health to take care of the kids.” “Grandma and Grandpa; provided they don’t sell the kids.” You get the picture.

If you already have a will and don’t have a living trust, you will have to get a new will which goes along with your living trust. It is called a “pour over will,” because it “pours” all of your property, not already in the trust, into the trust for ultimate distribution after your death. The living trust is the next part of the foundation.

Revocable Living Trust

The living trust allows an estate to avoid probate, get twice the estate tax exclusion, and provide for a smooth transfer of property. It is definitely worth having for most families. Yes, there is a big argument in the legal profession between the standard will/probate guys and the living trust “hawkers.” I come down in favor of the living trust, but I think it is your decision. Frank Sinatra was called the “Chairman of the Board,” and he knew how to handle money. His living trust provided his estate with total privacy, much to the media’s chagrin.

Many living trusts out there do not do what they are supposed to. The problem usually rests with the lawyer and user of the trust, not with the trust itself. The trust has to be maintained, and it has to “own” all of your estate. It isn’t hard to manage, but the lawyer never takes the time to teach you how to do the management, and you can’t afford to pay the lawyer to do it for you. As a result, a majority of people who get a living trust don’t get the benefits they were promised. The living trust will “overlap” with a durable power of attorney.

Durable Power of Attorney

Durable powers of attorney allow an individual to control the property of a person who is unable to control their own property. People of all ages, not just old people, fall victim to accident or illness and are rendered unable to control their business life. A good living trust will have a provision that automatically lets a successor trustee manage trust property if you, acting as the original trustee, become incompetent. The durable power of attorney lets the person of your choice manage all of your other business affairs when you can’t do it. Power doesn’t transfer from you until the criteria outlined in the document are met, then there is an automatic transfer of power. This prevents messy court proceedings that are required to name a guardian/conservator for an incompetent individual.

The emotional and financial drain of a court proceeding when a family member has an accident of gets sick is the last thing the family needs at that time. The durable power of attorney prevents all of the legal problems at a time of crisis in the family, when a family member becomes incompetent.

Many powers of attorney include a section which addresses an individual’s instructions and desires for their health care. This is a durable power of attorney for health care, which appoints an “agent” and grants them power to interface with the medical industry. The durable power of attorney for health care can be part of the document entitled durable power of attorney or it can be a separate document. It deals only with the medical treatment, not the right to die, which is addressed in a living will.

Living Will

A living will directs the doctors to keep you alive or pull the plug. You need one and so does the rest of your family. The best place to get one is in your hospital. Hospitals give them away free, and the hospitals like to see their own document rather than the 30 page beautiful, very expensive document you get from your lawyer.

These four legal documents form the basic foundation for all wealthy people. They are always there. They are what I call the “basic tools of wealth.” Use them, and it will be worth every effort you make and every dime you spend.

Attorney Lee R. Phillips is a nationally recognized expert in the field of finance, asset protection, and estate planning. Lee is licensed to practice law before the United States Supreme Court and also holds licenses in insurance and securities. Lee is an engaging, dynamic speaker and has spoken to over a half million people throughout the United States, Canada and the Pacific Rim helping them understand the law and how to use it to their benefit.

His goal is to reposition you in the law so you can actually use the law to make more money, and keep it! His ability to present critical information in a clear manner has made him a highly sought after guest on hundreds of radio and television shows.

His specialty is in creating easy to understand, do-it-yourself legal systems. For more information, visit http://www.DIYestateplanning.com.