On February 6, 2007, we will start our first series 89 wealth tips in the ”Dynamic Diva Destiny free e-zines(electronic magazine). It is going to be filled with wealth tips that will help you become wealthy in 2007. If you have not signed up yet for your free, every other Tuesday, issue of Dynamic Diva Destiny, do it now! It will arrive in your email box.

Additionally, I will include various opportunities (action steps) you can take to make wealth a reality for you today. Free wealth tips waits for no one, so go online at www.thedynamicdiva.com and sign up for your free Dynamic Diva E-zine.

 Have a Dynamic Diva Day,

E

Dear Divas:

One of the strategies that I used to create wealth was borrow money from my credit cards-good debt riches. I financed a business, bought stock, and real estate with my credit cards.  It was the easiest and only way that I could make my wealth dreams come true.

Most financial gurus would never tell you to use your credit cards to invest because the average investor/person is not responsible with their credit cards.  Moreover, financial advisors think investing in any investment is very risky business, and do not want to be held responsible if you max out your credit card on an investment that fails. This is understandable.

 Even with that said, I still think and know that using your credit cards to invest maybe the only lending source that will get you out of the rat race, if you can not borrow money from any other source. It worked for me. For example, I used about $80,000 from credit card cash advances to pay closing cost for R.E. that gave me over 100% ROI. My credit card charges were in the 10% range per month, but my tenants paid the note each month for me. I refinance a couple of rentals, years later, and paid of the credit cards.  I am debt-free and over 1 million + networth. This is a great example of good debt. Good debt is when the debt will increase your leverage and earn you passive income from your investment.

 Good debt investing, is not for everyone.  If you are not responsible with your credit cards you may not want to do use it for investing. You must be very responsible, discipline and have good plan of action to make this style of investing successful.

For those of you who might be interested in using credit cards to invest, build credit or consolidate your cards, I have started a new credit card e-business, that will make it easy for you to apply.

 It is http://creditdiva.ecreditdirectory.com. Please go and look at the great low interest rate and easy application process. Once again, you are responsible for our own investment choices. Elon Bomani nor The Dynamic Diva is a financial advisor.  For all financial advise seek the counsel of a financial planner or expert.  This information is for educational purposes only. Investigate at your own risk. It maybe worth it.

Have a Dynamic Diva Day,

Elon 

Many of my clients who come to me for wealth, health and/or spiritual consultations have been conditioned to believe that their negative experiences are caused by other people, places or circumstances outside of  their control.  This is not the case. I remind them that it is their thoughts about their experiences translated into words that put them in situations they don’t want to be. We tend to give too much power and speakvolumes about what we don’t want to happen in our lives instead of what we do.
 For example, one woman made the claim that all men are “dogs” and she could not find a good man. She held fast to this belief and continued to bash men to her friends whenever she had a chance. Since she was so determined to prove her  point, she would always find herself in relationships with “dogs”. This is called self-fulfilled prophecy.  It was not until she made a conscious effort to change her perception and her dialogue regarding men that her relationships with them changed.

If you want your life to change, you are going to have to change the words you use.  Remember the saying, think before you speak. You were being put on notice to realize you are responsible for the thoughts that you think and once you speak them the universe will give you the wish that you command.

Consultation helps to bring to view some perspectives of your life you my not have taken into consideration. Sometime it is good to see yourself in others eyes in order to get a clarity on what is going on in your life.

I have found consultating with experts to be very benefical. Seeking consultations from an expert in an area of concern to you may benefit you too. Just a thought.

Have a Dynamic Diva Day,

E

After reading the book The Millionaire Next Door, I know all Divas have what it takes to be a millionaire.  In their fabulous ground breaking book, Thomas Stanley and Walter Danko, dispelled popular belief on what makes up a typical millionaire.  Most Divas may think that a millionaire Diva is born with a silver spoon in her mouth, lives in a big millionaire mansion and travels the seven seas to her hearts content. 

This is a myth according to the authors of the Millionaire Next Door.  They discovered by interviewing several millionaires what traits and actions they took to become a millionaire. Surprisingly, it was quite simple.  There are no extraordinary skills, characteristic or financial feats a person must accomplish to become a millionaire. Matter of fact, it is the stuff you are made of but maybe are a little deficient in.  Are you a hard working, patient and discipline type of person?  Can you become more focused on your money matters and not try to live like the Jones? 

More specifically, here is a list of eight traits processed by millionaires that Danko and Stanley wrote about that you can acquire with a little discipline and practice. The millionaires next door were people who accomplished the following:
• are self-made Millionaires
• lived below their means
• married and stayed married.
• lived in a modest home in a typical middle class neighborhood
• drove older cars
• penny pinchers/cheap folks
• invested time, money and energy on financial education.
• saved and invested for the long term

I hope I have taken the mystery out of becoming a millionaire and I hope you are excited and can now see why I believe you can do it.  You can easily make adjustment to your lifestyle and take action to emulate the wealthy. The good news is that you process within you all the skills and qualifications to become wealthy now. And if you do not have it, you can learn it.
Even with that said, the way prices for houses, cars and a college education are rising, you need to be a millionaire just to make ends meet-slight exaggeration. But, what hit home to me, is the fact that a million dollars today is not a lot of money. You certainly cannot retire on it. I consider it a good financial start and I want you to also.  I think it is important that you set very high standards and expectations for your financial goals so that you cannot only attain them but do well with the money you make.  Money is not here for our own self-aggrandizement but to serve the community and the world.

 Have a Dynamic Diva Day,

E 

 We are having a Dynamic Diva Contest for the best Dynamic Diva Success Story.

Enter to Win Dynamic prizes for your best Dynamic Diva Success Story of 2006 or 2007! Also, the winner’s story will be feature on the front page of www.thedynamicdiva.com.
 
All entries must be submitted by the deadline date of September 21, 2007
Please submit for consideration a 250-500 words story with photo to contest@thedynamicidiva.com

You can win a copy of Dynamic Diva Dollars. You’ll be able to read it in your beautiful, soft, cotton Dynamic Diva Robe while sipping a cup of warm, relaxing chamomile tea from your Dynamic Diva Mug.
TO ENTER:  Click here to become a Dynamic Diva member and enter for your chance to win all three fabulous prizes! If you’re already signed up for your Diva E-zine, all you need to do now is submit the best Dynamic Diva Success Story you have ever written in your life. Additionally, with your story, send in a photo of your best Dynamic Diva Pose and you could be a winner.
CONTEST RULES: Open to U.S. residents over 18 years of age only. All registered users are eligible for drawing to be held on September 21, 2007. Winners will be selected at random and notified via email.

I look forward to reading about your success.

Have a Dynamic Diva Day,

Elon

The words that you speak daily create the world that you are experiencing. The average person speaks approximately 50,000 words per day. Most of the words spoken are a repeat of what they said the day before, and 97% of the words are negative. If you are like most people, you need more positive, productive, wealthy words in your vocabulary.

It is a scientific fact that when you speak, in order to hear the words, the sound vibrates back to you to give you your voice. So,whatever you say comes back to you. This is called the boomerang effect. Put another way, you reap what you sow. If you speak and hear words of lack and limitation—I’m broke, you make me sick, etc.—the universe will return to you your prayers.

You see, every word that you speak is a prayer. Prayers are our conversation with God. No matter who you are talking to, you are always talking with God. The only true relationship you have in life is between you and the Great Spirit.

Hence, watch your words. If you want positive experiences,speak positively. On the other hand, if you want negative experiences, speak negative words. It’s your choice.

Have a Dynamic Diva Day,

E

P.S. How’s that for positive words.

If you have a pressing question regarding any of your health,wealth or spiritual concerns, you can Ask The Diva. At http://www.thedynamicdiva.com, we have a wonderful advice page available. All you need to do is email us a question at askthediva@thedynamicdiva.com and visit our website for the answer. Here is an example of Ask the Diva for your perusal,enjoy.

Ask the Diva

I have been married for 30 years but I never got involved in the business aspect of our marriage and now my husband is chronically ill and I am panicking. Can you offer any suggestions on how I can find out where to begin looking into our business affairs, for example, savings, will, tax returns, etc?

Panicking in Texas

First and foremost, during this very trying time, I want to send you my prayer that divine spirit is with and your husband.

I encourage you right now to take a breath and give yourself the opportunity to love your way through this situation. Please choose not to panick but instead pray with the purpose of knowing that everything is going to all right. You are never given a task that you are not equipped to handle. Rejoice, this is your opportunity to “grow” up financially.

Diva, you are not alone when I say that like you, many women ,including myself, have been conditioned to believe math and money matters are not a girls best friend. We should depend on the man of the house to handle our finances.

Well, you have the power to change your condition by adopting a new thought. You are capable and qualified to handle your finances. Believe this and you will achieve it.

Here are the necessary steps you need to take to get control of your finances:

1. Develop a Wealth Conscious- have a positive attitude that you can handle your finances.
2. Get your finances in order- locate all of your financial paperwork.
Update your financial statement, budget, retrieve 2 year tax returns and get an up-to-date copy of your credit report. Go over your will with an attorney, review life insurance papers, get a power of attorney and hopefully you have a healthcare power of attorney incase your husband become incompacitated.
3. Seek the assistance of a competent financial advisor that can help sort out this information and can best educate you on how to handle you particular situation.

Once the dust settles regarding these matters, I would purchase two books, Wealth Chants and Dynamic Diva Dollars from www.thedynamicdiva.com These dynamic duo of books will help you develop a prosperity mindset and help you get your finances in order by teaching you financial techniques that will help you not only financially survive but thrive!

In the meantime, I will continue to pray for you and your family.

The Dynamic Diva

The stock market has everyone in a frenzy…which stock to buy, when to sell, who are new big players, how much do I need to invest? Some of these questions are often answered after the opportunity is gone. Investors can face investment dilemmas trying to choose a stock after hearing some news breaking event, causing a delay entry in the market. For some of us it’s a matter of investing later rather than sooner. Learning to invest as an adult can deeply effect our ability to succeed as an investor in the future. Lack of knowledge, debt, and material items play a key role in preventing African Americans from aggressive investing. Unfortunately many African Americans aren’t exposed to the potential wealth from investing until we have already reached adulthood. By that time, we have already accumulated debt which minimizes the amount of our risk capital or our minds are so conditioned to investing in things that don’t give back. As I encountered college students interning working at investment firms, I find most of them already have brokers and familiarizing themselves with investing before reaching the age of adulthood. We need to better equip our children earlier as well so they can become seasoned investors sooner.

If these set backs are causing a lag in your portfolio, investing in the commodities market can be the big boost you need! This is by no means an attempt to bash stocks, but to let you know there are other exciting investment products available. The commodity market can have lucrative rewards while minimizing your risks. I invested $250 on my first trade and yielded nearly $1000 within three weeks. You also learn about the world as you’re investing. While following the commodity market, you learn about agriculture, importing/exporting, weather, natural resources, and more. An advantage the commodity market offers is the elimination of guess work of what to invest. Unlike the stock market you have the opportunity to invest in the product itself. If there is a hurricane threatening orange groves, invest directly in oranges instead of missing an opportunity because you need to research which company will be affected. Commodities and futures also have a unique profit taking convention. Each contract is assigned unit values in which a penny or a dollar move is worth. For instance, each penny move in coffee is worth $375.

This phenomenal investment vehicle has encouraged me to write a book with an inside view of the commodity market, technical trading, and some rewarding trading strategies. There is a list of commonly traded commodities along with there unit values. This handbook will also teach you how to look up prices in a financial newspaper, recognizing buy and sell signals and more. There are even fun exercises with an answer key to reinforce learning. I also offer a month of support for any topic that you don’t understand. Visit www.abccommodityhandbook.com for more information.

Shownna Clark
Dynamic Diva Dream Investment Advisor
www.abccommodityhandbook.com