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Earn more in 2004
Bali Sun Newspaper Reprint Bali 31/12/2003 The presents have been opened, the turkey has been stuffed (into our tummies) and the Christmas tree has been taken down. Now you have to make your New Years Resolutions. Many will resolve to spend more quality time with their families. Others will resolve to drink and eat less, and exercise more.
There is one major goal most of us will want to achieve in the next twelve months. That is to be better off financially a year from now then we are right now. “Money won’t buy you happiness”. Whoever came up with that saying was probably someone with a lot of money but not very happy. Ask your friends and family if they will be happier if they had more money in 2004. Most will agree the answer
will be a resounding “yes”. Money cannot buy you happiness but it can help you purchase a new or first time home for your family. They will certainly be happier if they have plenty of space to play in their own home. Money can allow you to hire a maid, nanny, gardener, or driver. Certainly, this will take the load off a mother and allow her more time to be with her children,
which will make her happier. Money can buy expensive medicines and heath care insurance to protect your loved ones from serious illness. Money can help you afford the top schools in Bali, which may cost $7,000 per year, so that your children will have a good education. Money can buy a new car, boat, stereo, or a vacation to visit your family far away. Money can help you contribute to the welfare of others. So money
cannot buy happiness but it is much easier to be happy if you have money than not. "it is much easier to be happy if you have money than not". So perhaps you may want to adapt the motto for 2004 that is to “Earn more in 2004”. Say, it aloud to your self. It even rhymes. So how can you earn more in the New Year? Although there are thousands of methods, they all are sub categories of seven methods. You may 1. Inherit money. 2. Marry Money. 3. Steal Money.
4. Become a professional. 5. Win money. 6. Work harder and longer. 7. Invest. For most of us, the only method that is a possibility and does not interfere with our family and heath is
number seven. “What the mind can conceive, and believe, the mind can achieve”. These famous words by an American author define what our investment philosophy should be for 2004. To believe that we can achieve good investment returns we first must look into the history of an investment. The safety record and the future supply and demand are most important. We are bombarded with investment opportunities daily. Which ones to choose becomes very confusing?   To start with, it is imperative to set up a balanced portfolio.
Professional financial planners will stress that the best way to structure your investments is in the form of an Investment Pyramid. The largest portion of your investments should be in low risk investments.
Only a small percentage should be in high-risk investments. The ancient pyramids are still around because they were built on a solid foundation. In these violent times, it is important to have a cash reserve in the bank equivalent to at least two-months living expenses. After you have that put away, you may want to purchase some
long-term bonds in safe countries. Next on the list is real estate. Over 60 % of Americans wealth was made in real estate. Why? Because if you just buy and hold real estate eventually it will go up. How fast it goes up simply depends on the law of supply and demand. The big question is “will there be more demand for Bali Real Estate in 2004 than in 2003”. Only the most pessimistic (who are usually losers) will predict less demand this coming year. So what about supply. Well unless mother nature creates some new land the supply will ultimately be less, therefore we have the perfect equation for rising prices, less supply and more demand. In fact we predict that demand will be 30 % to 50% higher than 2003. Remember that in 2003 we had Bombs, War, and S.A.R.S. In the midst of all this chaos Bali Beachfront properties rose 20% to 50%. What could they do this year?
it is much easier to be happy if you have money than not.  Of course, not everyone has the money to buy beachfront property
starting at $25,000. If you do, what is the risk? More important is what it will be worth 5 or 10 years from now? Finally a word of warning. If you must risk your life savings on the stock market and mutual fund markets, remember that even though many markets have risen over 40 % this year most market indices are still substantially lower than three years ago. 
Therefore, will you “Earn more in 2004”? It is up to you .Your future is in your hands.
To view recent beachfront properties for sale click on http://www.balilandforsale.com/ for over 1,000 properties complete with prices, photos
http://www.balirealestateagents.com/
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