Technorati Tags: Buy Gold Coins, Buying Gold Coins, Paying yourself first

Technorati Tags: Buying Gold Coins, buying silver coins, precious metals

Technorati Tags: American Eagle Gold Coin, Bullion Bars, Buying Gold Coins

buying gold coins is one of the best ways to pay yourself first.

Pay yourself first, what does that mean?

Before I explain I need to set the back drop. A lot of people believe that
if you work hard, save, live below your means, you will be able to retire
and live safe and secure. And while that line of thinking may have been true
a few years ago, today it is a pipe dream. Why, because with the dollar
tanking, and the infusion of new technology in today’s work place, many
people are finding that their skills are now obsolete.

Which leads me back to paying yourself first You see, if you understand the
economic situation that most people find them selves in, then you can
leverage that situation to create your own wealth blue print. And one of the
best ways to do this is to think opposite of how most people think. Instead
of saving, working hard, in order to retire safe and secure, you need to
plan for what ever may happen. You need to pay yourself first.

 Where to start:

Well, when you decide to pay your self first, you need to understand that
your financial planning should fall in to three categories

Charity,

Investment,

Savings

While I could expound on any number of these topics, I want to focus on
investing because I believe that this is one of the most important things
that you can do for the reasons listed below.

You need to build assets so that you can provide something for the next
generation, or you can achieve the wealth blue print that you have always
wanted and buying gold coins is one of the best places to start. In fact, if
you are a beginning investor, it is one of the easiest ways to build your
portfolio with low cost. See the previous post for more information.

Now let me be clear, I am not saying that you should not diversify, or
strictly place all your hard earned dollars into gold coins, far from it.
In fact I plan on doing some of those things as I move forward in my
investment career. I just believe that if you want o get ahead in this
economy, you need to pay yourself first, and that starts with buying gold
coins.

Yours in Investing,
Teresa Blaes

Ps,

Please feel free to share your thoughts with me by leaving your comments
below. If you don’t agree with me, please tell me why.

For a long time now, I have been interested in investing, but have not been able to move forward with it for several reasons. That was until I discovered buying gold coins.

buying gold coins is an easy way to start investing, and overcomes most of my investment issues.

First, I do not have a lot of money to invest. I have basically started out with nothing. Most of the investments I looked at are extremely expensive to get into. For example, real estate investment requires thousands of dollars to get started. When the price of entry is so high, it limits the number of choices available. While gold itself is expensive, almost a thousand dollars an ounce, silver is fairly inexpensive. You can get started for less than $20.00.( at the present time) this allows you to start small and build up gradually. As your investment grows, you can convert some of the silver to gold.

I don’t mind some risk and I know that there is no such thing is a risk-free investment. But even I have my limits. I want something that is going to grow steadily over time. And it has to have a decent return. Most “ safe investments “ such as savings accounts, certificates of deposit, etc. provide minimal return. For the most part Buying gold coins is a low risk investment that will grow over time. It will fluctuate from time to time but will gradually increase in value.

Most long-term investments are not liquid, which means they are not easily converted into cash. For example individual retirement accounts, IRAs have a significant penalty if you withdraw any money before the age of 55. While I’m concerned about retirement, I’m more interested in building wealth now. Gold and silver coins are extremely liquid, and easily converted into cash. If you have to cash out some of your investments, the only thing you will lose is the increase in value that would have happened, had you kept the asset.

Please understand, I am not an expert investor, or a broker. And this is just my opinion based on my research and values. For me, buying gold coins make sense, and I will continue to do it.  I hope over time to share with you more information as I discover it. In addition I will include any resources I find to help you educate yourself concerning buying gold coins. My best advice is to read the information here and make up your own mind.

Caution! Don’t make rash choices concerning this type of investment. Move into it gradually. It’s not a sure thing.

Yours in Investment,
Michael Blaes

PS. Please share your thoughts by clicking the comment link below, even if you disagree with me. If you disagree, please tell me why.

Pay yourself first to save money means think about taking care of you before something can happen.

Keep yourself health is the first step to saving money and your payment to you. There are many ways to staying healthy and taking care of you.

Stay on a good diet by staying away from fast food. Eating a lot of fast food is expensive and you don’t get the nourishment from fast food that you get from eating the right foods. Fast foods are high in calories and cholesterol, which are both bad for the heart and could cause you to have a stroke.

Get a lot of exercise to keep you healthy and save money by being in good health. Exercise will help to relieve stress, keeps your blood circulation flowing more freely, help prevents strokes and exercise will help the mind and body to relax more. Exercise for you will save money by helping to keep the doctor away.

Take care and save by taking long walks on a daily basis. Walking relieves stress, depression, anxiety; helps prevent strokes and heart disease. Walking is cheap only costing you maybe an hour a day from your busy schedule. Pay yourself for the things you’ve neglected to do for you alone by exercising.

Save money by paying yourself first when you are less stress. Stress can cause a lot of health problems causing strokes, heart diseases and mental problems as well. Stress is the most common reason for illness. Chronic depression is a large result of stress. Relieve some of the stress by exercise and eating right in paying yourself first to same money.

Communicating with others, can help pay you fist by letting you forget and relieve some stress. You be taking time out to enjoy people around you letting you do something besides thinking what wasn’t done on that day, to do list. Communication can give you a chance to know and learn what is happening out there in the world that is surrounding you. You can learn new skills on how other people pay themselves to save money, by just listening to them talk.

Paying yourself first will save you a lot of stress, keep you healthier, boost up your communication skills, and it can give you the confidence you didn’t know you had or was capable of having.

When a person pays himself or herself, first they can save money by not having to make trips to the doctor, do and buy things they don’t really need or want. So taking care of you is the first and most effective way to save money.

Martin Lukac
http://www.articlesbase.com/finance-articles/pay-yourself-first-to-save-money-107104.html

With the world economy wobbling and rescue package after rescue package not seemingly doing any good, you should start looking for better ways for investment and asset protection beyond stocks and mutual funds. Smart investors have recently turned to gold. Investing in Gold has long been proven one of the safest and most effective ways to protect personal assets against the inflation and uncertainties. For average Americans, the easiest way to add gold to their investment portfolios and protect their hard-earned money during recessions is to buy gold coins, especially those gold coins with small markups such as South African Krugerrand. Buy Krugerrands is now considered the No.1 choice for small investors to protect their assets.

Here are 5 good reasons why you should buy Krugerrands now!

1) For centuries, gold has been Recession Proof, and this has been proven during countless crisis situations over the past centuries.

2) buying gold coins is one of the most practical ways to physically own gold. Gold Krugerrand coins are small weighing no more than 1 oz, making them easy to store and transported.

3) Gold Krugerrand coins, especially 1 oz Krugerrand coin, is the ideal coin for you to start. The South African gold Krugerrand coin was the first gold coin that contains exactly one ounce of pure gold, which makes it the best known of modern bullion coins. As a matter of fact, gold Krugerrand coin has always been one of the most available and best-priced coins of its type in the market. There are thousands of gold Krugerrands bought and sold online or at the gold dealers everyday, making Krugerrand one of the most popular Gold Coins among investors.

4) Since gold Krugerrand coins are already well known in the industry and any dealer are readily trade them, Krugerrand coins could be easily converted into cash should the need arise. This allows you to liquidate your asset very quickly when necessary.

5) Gold Krugerrands carry small premium over spot. That means Krugerrand coins cost less per ounce than the standard American Eagle Gold Bullion and thus give you more gold for your money. If you have $5,000 or less to spend, I recommend you put half in US 90% silver coin, and half to buy Krugerrands.

I recommend you checking out Gold Krugerrand for Sale. It is a specialized Gold Krugerrand for Sale site, offering a great selection of Krugerrand Gold Coins for sale. This website makes finding your dream 1 oz Krugerrand Gold Coin a million times easier. Be sure to try this website before you buy.

Wilson Snyder
http://www.articlesbase.com/personal-finance-articles/why-you-should-buy-krugerrands-now-751505.html

The first gold coins in the United States were issued back in 1795. The Unites States Mint set the value of the U.S. Dollar at 24 grains of gold. The value was based in accordance with the world price on the precious metal, which at that time was $19.39 per troy ounce.

The U.S. gold coins started to be issued in seven different mints around the country as the Western Frontier of the Unites States began its expansion. The mints were set from Philadelphia to San Francisco. The sizes of coins varied from one dollar gold piece to fifty dollar denomination. It is worth mentioning that at that time the U.S. mints issued coins that were worth their weight in gold.

In 1834 and 1837 U.S. Congress modified the gold specifications by setting the price of gold at a mark of $20.67 per ounce. When the Great Depression occurred in 1933, President Roosevelt made gold an illegal asset for the citizens of the United States. During this period, by Roosevelt’s order, all gold coins were returned to U.S. Treasury and the melted into gold bars. After that the value of the U.S. dollar coin was set to $35 per ounce. The global outcome was to decrease by 40 percent the buying power of the dollar

When millions of gold coins were melted into gold bars, they became very rare and thus highly sought by various collectors. According to money experts only about one percent of gold coins can be found today. Each gold coin that survived till nowadays is highly valued by collectors and investors.

Every gold coins minted in the United States before 1933, is valued on individual basis according to its date, rarity, appeal among various collectors and its grade.

What is Rare Coin Grading Worth?

Coins that fall under the category “rare” are graded on ANA (American Numismatic Association). The scale ranges from 1 to 70. Coins are certified authentic and then PCGS or NGC, two leaders in providing coin grading services. For example a gold coin graded 1 has a slightly visible date, very wear and its value is a little above its weight in gold or precious metals. Obviously the better the coin is preserved the more a collector or investorinvestor in willing to pay for it.

Double Eagles

1933_double_eagle_gold_coin_reverseVery often a collector starts his Gold Coin Collection of U.S. coins minted before 1933 with a $20 Double Eagle. Note that from 1849 to 1907 U.S. Mist issued the Liberty series. The Mint then changed the design of the Double Eagle into Saint-Gaudens. The latter were minted in the period between 1907 and 1933.

Starting a collection of Pre- 1933 U.S. gold coins is advantageous for several reasons:

“Pure Gold Content” – this means that each coin includes almost 1 troy ounce of gold.

“A Double Profit Opportunity” The gold market is continuously changing and $20 Double Eagle gold coins already have a history showing the continuously rising value, which goes 2 to 3 times higher in value if compared to the gold bullion alone.

The 1933 Saint-Gaudens Gold Double Eagle Coin

One of the most valuable, if not the most valuable, coin is considered to be the 1933 Saint-Gaudens Gold Double Eagle1933 Saint-Gaudens Gold Double Eagle. It actually was never officially issued. Still it appeared from 1907 until 1932. Although in 1933 there were 445,500 Double Eagle minted, none were released into circulation because of the changes made in currency laws during the Great Depression.

The result of the Great Depression was that president Franklin Roosevelt took America off the gold standard. The gold coins were drawn out of circulation and afterwards were not issued anymore. Besides, people had to return the ones they had

Later, in 1933, the Double Eagle coins were declared illegal. It was prohibited to own any of the gold coins, unless they had a collectible value.

The same year Gold Double Eagle coinsGold Double Eagle coins were ordered to be melted by the U.S. Mint. By 1937 billions of gold bars were made out of these unique coins.

A few coins have escaped from being melted down. In1933 two of them were given by the Mint to the U.S. National Numismatic Collection at the Smithsonian Institute. These two Gold Double Eagle coins were known as the only legal specimens to ever become part of a coin collection. Still by 1952, eight additional coins were discovered. These were confiscated by the Secret Service.

Today 19 of the some of most valuable 1933 Gold Double Eagle coins are owned by a Philadelphian jeweler, Israel Switt.

Xavier
http://www.articlesbase.com/collecting-articles/the-history-of-gold-coins-issued-by-usa-728875.html

With the recent financial meltdowns and declining US currency, smart Americans are looking for better ways to protect their hard-earned dollars. Buying gold has long been proven the safest method for asset protection during economic crisis over the past centuries. Gold coins, especially gold coins with small markups such as Gold 50 Pesos Mexico Coin and South African gold Krugerrands, are favorites of seasoned gold bullion investors to combat inflation and offset risk.

First minted in 1921, Mexican Gold 50 Pesos are among one of the most beautiful designs of any gold coins. The coin features a winged angel with the legendary mountains in the background. The reverse side features an eagle with a snake in its beak. With sizing more than 20% larger than the popular American Gold Eagles, the coin contains 1.2057oz of pure gold, making it a great vehicle for holding gold than the popular US $20 gold coin.

So how to buy cheap Gold 50 Pesos now?

You can visit local gold dealers or coin shops searching for good deals. However, Gold Dealers tend to mark up a higher premium for selling Gold 50 Pesos to you because they have to cover their operation overhead and other expense.

The Internet has become one of the best places to find gold coins in my opinion. Online auctioning sites have been a very active market in recent years, making finding great deals of gold coins much easier. These online auction sites tend to offer wider selection of Krugerrand coins and list up-to-the-minute deals constantly, due to the nature of these sites.

Remember to do some homework on the seller before you buy Gold 50 Pesos Mexico Coin via online auction sites. Look at their feedback ratings and check comments left by previous customers. Ideally, you would want to do business with a seller with a feedback score of 100%. But you have to take everything into consideration. If a seller has a feedback score of less than 100% he still may be a reputable dealer. If you see a high percentage of negative comments stay away from that particular seller.

I recommend you checking out Mexico Coin Sale. It is a specialized Mexican Gold Coins for Sale site, offering a great selection of Mexican gold 50 pesos for sale. This website makes finding your dream gold 50 pesos a million times easier. Be sure to try this website before you buy.

Wilson Snyder
http://www.articlesbase.com/investing-articles/tips-of-buying-gold-50-pesos-mexico-coin-751519.html

It’s the beginning of 2007, the beginning of a new year. It is also a time when you start to make resolutions or goals for a brand new year. I am sure among them you might have some that are related to wealth creation or accumulation. (If not, you better start thinking about that now).

One of the easiest and powerful way to accumulate wealth is to follow the “Pay Yourself First” rule, which was one of the teachings Rich Dad taught in Robert Kiyosaki’s “Rich Dad, Poor Dad”.

What does “Paying Yourself First” mean and how you can follow it?

Basically, it means you simply set aside a certain amount of money each month that you will not touch (pay yourself), even before you pay your bills and expenses (pay others)!

Here’s a step by step guide which you can follow:

1. From the amount of money you make each month, you decide how many percent of your monthly salary or income you want to set aside. When you get your paycheck, the very first thing you do is to put this amount aside, hence the “pay yourself first”.

The percent to set aside differs from individual to individual depending on each comfortable level and wealth target. Most people recommend 10% to 15% of the monthly income to set aside, but I suspect that you might need to go up to 20% or even 30% if you want to reach your financial success.

2. Decide what you want to do with this amount which has been set aside. Many will simply put the amount into their saving accounts. However, the idea of paying yourself first is to use it for your wealth building. You should be looking into investing them instead of just saving them. Saving alone will not help you to reach your financial success. Let the money earn you more money by investing it. Consult with your financial planner or advisor to decide the kind of investment portfolio that suits you.

I would recommend that you setup what is known as an automatic withdraw from your bank account to your investment institution for your investments. This is when money is automatically taken out of your savings or checking account each month and put into your investment. Generally, you have to select a certain day each month for when the transaction will occur, and it will happen every month on that day, just like paying your bills. In this way, it does not rely on your ability to set aside a certain amount each month. It relies on the computers who automatically invest your money for you. It is also easy once you realize how you don’t miss the money.

3. Next, you pay off your bills.

4. Live on whatever is left over from your paycheck. It does not however imply that you need to use up every single cents of what is left. If you have surplus, then good for you. If you have a substantial surplus, then go back and re-adjust your investment amount. Increase you monthly set-aside amount for investment, and let it generate more money for you.

5. And finally, NO CREDIT CARD DEBT! Don’t spend on credit. Also be very careful with home equity loans and car loans. It’s easy to get into trouble with both.

If you are disciplined, you can pay yourself first without running into a credit rut.

First, keep your personal expense low. Don’t go out and spend your money on “ego” toys like a new car, a new outfit or a long vacation. Not until the habit of paying yourself first has built up enough assests for you to afford them.

Second, when you come up short, don’t dip into your investment to pay off your creditors. Robert Kiyosaki believes that if you are under pressure from creditors, the pressure will actually inspire you to come up with new ways of making money. Look for other ways to tide over.

As you start to build assets, you will see that the income from your assets will allow you to pay for your personal expenses and expanded your means for you to live the livestyle you want.

Paying Yourself First is a simple yet powerful concept. It is so powerful that it could be apply to other area besides money. You can apply these same principle to time. Pay Yourself First if you are a busy working mother. You need time to take care of yourself so that you can take care of your family!

Bernard Ng
http://www.articlesbase.com/advice-articles/how-you-can-pay-yourself-first-97370.html