Archive for October, 2008

Credit Freeze – How to Survive the Crunch

Credit is the lifeblood of the economy.  The essence of the financial crisis that we are experiencing and the reason the government has had to use taxpayers’ money to rescue financial institutions from collapse is that credit was frozen.   Banks were hoarding cash because they were afraid of lending money to others and take the [...]

Fear or Greed?

Warren Buffett, one of the richest and most respected investors in the world said he is buying stocks right now.  He is the first one to admit that he does not have the faintest idea of what stocks will do in a month or even in a year.  But he knows one thing – in the [...]

Success Requires Responsibility

There are many factors that impact one’s rate of success and there are many traits that successful individuals possess.   One of such trait is a sense of responsibility.  Responsibility means many things, from the very basics such as paying one’s bills to your obligations as a member of society.  Responsibility means being conscientious about your [...]

Worldwide Success Celebrates 2 Year Anniversary

We often discuss in the Worldwide Success site the importance of celebrating milestones.  Success is an ongoing journey, and along the way you must set goals and do a checkpoint as you hit specific milestones.  Every time you reach a significant milestone it is important to note it, to reflect upon it, to recalibrate your [...]

Millionaire Quiz Answers

In the last post titled Millionaire Quiz we listed 15 questions about millionaires to assess your knowledge of how to become a millionaire.  If you have not yet taken the quiz, go back and try to answer the questions before looking at the answers below.  Once you’ve noted your answers, come back and compare to [...]

Recession Proof Your Finances

The US economy was just recently in the brink of a recession, but there were hopes that we would be able to avoid the recession or at least make it mild and short.  Now we are definitely in a recession, and from the looks of it this will likely be a deep and long one. It [...]