A little bit of fun is important in life plan

I find this Hossan guy very funny and entertaining. If you are sensitive please do not view this clip. He is a good entertainer and he can get people laughing with his antics. He can dance, too. As we goes through life, securing every penny we make and tightening our spending, it is always good to get a good laugh for free. As we laugh our body goes through a process of re-energizing and healthy cells multiply as we suppress the un-healthy cells. As they say health is wealth. So LAUGH AND GROW RICH.

DJI at 14,000

NEW YORK (AP) -- Wall Street shot higher Monday, sending the Dow Jones industrial average above 14,000 for the first time in 2 1/2 months as investors moved back into stocks at the start of the fourth quarter. While the beginning of the new quarter was an incentive for institutional investors to buy, the market was also encouraged that the worst might be over from the summer's credit and stock market turmoil, and that new economic data would nudge the Federal Reserve toward another interest rate cut at its Oct. 30-31 meeting.

This defies logic. When thing are getting bad. Major worries about subprime, hedge funds liquidation and house prices dropping give no reason for the DJI to move up to this level. This is really a self fulfilling prophecy like my mentor, Dr. Clemen Chiang like to say. People do not realize what they are doing. It is a herd instinct. Everybody is just following. Likely there is no leader but everyone is so blinded by greed that they start jumping into the market. When things turn, these landing would be far below. There will be no safety net to break the fall and many people will be hurt. Some will be hurt very, very, very bad. So if you think you can make some fast money in equities please think twice. Have a long term view. It is still right to invest in good companies. Do your homework. Do not borrow to invest. Do not speculate but invest for the long term.

The financial plan

A financial plan is a plan for spending, making money and saving for the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. As saving is any money left after spending one’s income, the amount can be any figure if we can control our spending and income. To have more savings, we either have more income or spend less. We can also do both. Hence it is important to look and act on ways to make more money. After doing that we control our lifestyle so that we spend within our means.

A financial plan can also be an investment plan, which allocates savings to various assets or projects expected to produce future income, such as a new business or product line, shares in an existing business, or real estate. This would also include investments both monetary and time, into some projects such as Internet marketing, investment in shares, trading options, or network marketing. However there are so many money making opportunities out there, we have to be careful and not getting involved in scams. Scams can hurt yourself and also others who you have introduce to these investment opportunities. Let us all be aware of scams out there.