Investment Moats Wealth Mentor for Financial Independence
Posted: January 22, 2016 at 1:40 pm
In the midst of this very challenging oil and gas period, the lesson learnt is that no matter how defensive certain segments in the industry does, in the end, if the industry suffers, all your customers will lay in to you, unless you are a sole sourced provider. (My full analysis here)
Nordic Group operates in the scaffolding and insulation space of the oil and gas industry.
On 12 Jan they put out an announcement that they had renew many of the maintenance contracts with a duration of 1 or 2 years with several of their petrochemical and pharma customers.
While the oil and gas industry suffers, these refining spaces still needs to keep them in good condition due to strict regulations. If they are not safe they cannot operate.
With low oil prices, refining functions need to do well to offset the poor performance in other areas.
The dollar value stated in this announcement look small at $7.7 mil considering we are trying to target a $10 mil/year earnings.
The margins for these maintenance should be much lower than their maintenance projects. Note that these maintenance are daily man power and resources maintenance around the facility whereas there is another maintenance projects that is done every 2 to 3 years during plant shutdown.
The latter will be more lucrative.
The latter in this case may get delayed.
But essentially they have more or less secured the cash flow for the next 2 to 3 years.
Its what happens in the future when the oil majors Exxon and Chevron decides to delay the maintenance projects.
Share price of Nordic Group still holding strong in this onslaught. I believe their holders are strong holders.
I cannot understand some lunch conversations or small talk during family gathering.
Perhaps because of the structured way I look at things, some of peoples point of view dont make much sense to me.
One very common one is the definition of Rich.
Here is some of the ways rich is defined:
She doesnt use a coupon to get a discount for her fast food when the coupon is there for her, because she is rich.
They can afford to have 4 children, therefore they are rich
They work in civil service, they are much richer than us
He drives a continental car and fetches her to work, he is rich to be able to afford that
The family goes for 3 holidays a year, one that is non-southeast Asia, they must be rich
If he can buy that 3 bedroom condo he must be rich
He plays the stock market, he must be doing damn well
The people they are talking about might well be rich, but notice that there is much inference here.
What we show on the outside and what people see defines how rich we can be.
A person is also rich, when they can afford things better than you are.
The flaw in assessing how rich we are is that what you own and the lifestyle you live do not fully show the extend of how financially dependent or financially independent you are. The person driving the Audi could very well be struggling to pay for the Audi but need the Audi due to the sales nature of his job.
Comparing against oneself do not show the extend of wealth as if you are earning $1000/mth a lot of people would be richer by that definition.
We need a better scale or meter.
And we also need a sensible way to show how a person have improved his or her financial situation over time to put them in a better position.
It is this reason why we want to build wealth the right way.
The following 8 different stages are the stages that we can measure how a person have progressed in life when it comes to wealth.
I didnt create this set of milestones in our journey towards financial indepenfdence. Joshua Sheats from Radical Personal Finance formalize these stages and there is no reason to take and change it when they describe the progression very well.
Through these stages, you can also use it as a benchmark to measure how rich your peers, family and friends are.
A person at this stage, to put it simply have a lot of baggage.
Firstly, he or she has to depend on others for survival, for extravagant things or to take care of daily expenses.
Net Worth (Equity) = Assets Liabilities
Net Worth is usually what we use to determine if a person or entity is in a good financial shape.
The Assets are the stuff that:
The Liabilities are
A Financially Dependent person have a negative net worth meaning the assets that he has is less than the liabilities.
A Financially Dependent person has to borrow consistently from banks, institutions, friends and family for the lifestyle that he or she lives.
You might see him always driving the newest cars, switching from a HDB flat to a condo and bringing his family to European holidays for 3 years in a row.
If you assess his net worth it might be a different story.
Secondly, a financially dependent person is unable to keep his cash outflowsbelow his cash inflows.
Net Cash Flow = Cash Inflow Cash Outflow
Cash Inflow are:
Cash Outflow are:
A Financially Dependent person is likely to have a net cash flow that is negative.
How can a person spend out more than he or she earns?
Because you can borrow from others. You can get your family to pay for your house or give you an allowance. The latter is a good situation to be in.
But is the person DEPENDENT on others?
Yes he or she is.
When you are dependent on others, the person have some hold over you.
In this case, they are your friends, boss, company and the banks. If they are not happy about something, they can push that situation to you to create stress in your life.
Can a person be having a positive net worth yet net cash flow negative?
Yes. The person may have assets that is of value, but his family members are servicing his assets.
He may also have lost his job, move on to a lower paying position, but still keeping his cars and big house, but having a very problematic time servicing his home.
Can a person be having a negative net worth yet net cash flow positive?
Yes. The person owes some debt, but he is keeping within payment which is a good thing. The person may be making a conscious effort to pay down the debt or to build up the assets.
He could be taking on debt for studies so that he can earn more in the future.
These are good debts.
But is the person dependent on banks or family members at this point? Likely yes.
Financially Dependent can be good or can be bad, we are not demonizing people at this stage. It depends very much on what the person builds up in his assets.
If a financially dependent person proceed to improve in how he or she manages the wealth, they become Financially Solvent.
When they achieve Financial Solvency:
A person that is financially dependent and progress to this stage shows either higher motivation, a change of their money beliefs and values, a more conducive environment that assisted them to realize they need to be more responsible.
As their net cash flow is positive, they can start putting money away to building wealth, paying down more debts or saving for some goals.
A person proceeds to achieve Financial Stability when they manage to build up some emergency funds.
A persons emergency fund, is more important then paying off all his or her debts.
Without the emergency fund, a financially solvent person would be paying off his debts with all his net cash flows and one hospital emergency, and he would have to turn to his credit card or other family members for help.
An emergency fund of $3000 helps a lot, even if it is not the full amount we usually recommend.
To find out how an emergency fund works and how to build it up, you can read this comprehensive guide that I wrote.
A person that achieves Financial Stability tends to have achieve Financial Solvency as well.
Debt Freedom is achieved when a person is able to pay off all his or her debts.
That seems drastic because for most people, their mortgage is 25 to 30 years, which means that it will take a long time to be free from debt.
However, we tend to consider Debt Freedom to be achieved when the person paid off all their high interest debt except mortgage debt.
Mortgage debt due to the duration and that the banks can foreclosed and sell off your place, tend to have the lowest interest, and essentially a dwelling is important to some for stable family building.
A person that achieves Debt Freedom tend to have achieve the previous 2 stages as well.
When a Financially Solvent person have a positive net cash flow, he or she can put the cash flow to building wealth.
When the person develops these Wealth Machines, their wealth fund would grow and be able to distribute wealth cash flow either by selling off assets systematically, or in the form of interest income, dividend income, business income.
Financial Security is reached when your Wealth Machine(s) is able to provide a wealth cash flow that is greater than your annual survival expenses.
The annual survival expenses is not all your current expenses, but is the minimal amount that, with this set of expenses paid, the family does not go hungry and can live on.
There are no luxuries or rich living here.
Financial Security is a stage that is very attractive because it gives a person optionality.
It enables the person to make a riskier career move without worrying too much about the repercussions, take a break from work, or pivot to semi-employment.
The person is one who do not have to give a crap about how the boss thinks when his basic survival is not determine by the moods of his or her boss.
Related: How much wealth do you need to achieve financial security, financial independence and retirement?
Stage 5 is a progression from Stage 4.
Financial Independence happens whenyour Wealth Machine(s) is able to provide a wealth cash flow that is greater than your annual current expenses.
We can rate a person having an Audi as rich, but to me if a person has an investment property and a portfolio that provides a wealth cash flow covering what he and his family needs now, that is truly a position to be enviable.
Once you are past stage 5, the rest is the stuff of fairy tales.
Financial Freedom happens when your stable of Wealth Machine(s) is able to provide more than your annual expenses but also one or two extravagant things that have previously not considered.
What is life if you slog so hard and not get to enjoy?
The rest is here:
Investment Moats Wealth Mentor for Financial Independence
Online Education Degrees – Kaplan University
Posted: at 1:40 pm
Advancing Your Goals in Education School of Education Features Championing Education Initiatives Pathway to Certification
Many programs in the School of Education are offered in 6-week terms that allow you to complete your degree at a pace that works well with your schedule. Youll be able to expand your knowledge and apply it directly to your current working environment as you progress through your degree program.
Our collaborative learning environment encourages students and faculty to share and discuss their experiences and best practices so you can connect and integrate them into your current workplace. As an online institution, we also believe that technology helps broaden opportunities and increases your reach and possibilities. Thats why we strongly encourage learners to make use of the newest technology to achieve measurable and improved results in teaching or training.
Given that environmental and personal factors play a role in employability, Kaplan Universityor any university for that mattercan never guarantee youll obtain a job or get a promotion. Some employers may also require additional certification and licensing to work in certain fields. Its best to check first with the licensing agency in your state or community.
All-Doctorate Faculty:Faculty are experts in their field with the highest-level credentialsPhD or EdD. Students in are never taught by graduate students.
Alumni Facebook Communities:All former graduate education students have access to the alumni page on Facebook. Alumni can contact former classmates, share employment successes, and more.
Operation Educate the Educators Member Organization:OurK-12 offerings are designed to train teachers to meet the special needs of military children and their families. We received official recognition as a partner organization via the American Association of Colleges for Teacher Education (AACTE) in April, 2012.
We are proud to be among the first institutions committed to Operation Educate the Educators (OEE), a national program that encourages educators to develop school cultures that are supportive of children in military families. The School of Education adheres to the guiding principles of OEE, helping new K-12 educators meet the academic and social-emotional needs of military students and families, such as providing assistance with the challenges of transition and deployment, and establishing systems to identify and respond to their needs.
The Master of Arts in Teaching Classroom Pathways Bundle is a unique enrollment package for students looking to become certified in specific states. As a student participating in this pathway, you'll have the opportunity to become certified in specific states upon successfully completing the degree and passing the American Board for Certification of Teacher Excellence (American Board) examinations. American Board program resources and examination costs are included in the price of tuition for the Classroom Pathways Bundle; one less thing to think about on your path to becoming a certified teacher.
Upon acceptance into the Classroom Pathways Bundle program, students will enter the Master of Arts in Teaching program and have access to the American Board Plus+ Program resources. The Master of Arts in Teaching curriculum explores secondary teaching and learning principles, while the American Board resources are designed to prepare students to sit for the pedagogy and subject-area exams.*
*Available in FL, ID, MS, MO, OK, PA, SC, UT, and NH. Full licensure requirements vary from state to state and are subject to change; students must check with the American Board at abcte.org for certification and state requirements. Prior to enrolling, students must confirm they are eligible for a state alternative certification program. Students are also encouraged to confirm costs, deadlines, additional fees, required approvals, residency, and continuing requirements with American Board.
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Online Education Degrees - Kaplan University
Accredited Online Schools: 2016’s Best Online Programs
Posted: at 1:40 pm
Online Schools is your comprehensive introduction to the online education universe. Our profiles address every stage of online learning, from K-12 to graduate school, and feature the most current assessment of degrees and schools available.
Each profile has three components: Why Go Online?, which identifies the motivators and merits that draw students and parents to a particular level of online learning. Finding & Comparing Programs, which explores all the criteria needed to consider and hone the education options available. And Selecting & Applying to Programs, which takes students beyond initial interest and into the actual logistics needed to begin an online education.
Dig into our resources and youll find you are much more equipped to plan your own path. Thanks for visiting OnlineSchools.org!
Learn more about the benefits of online schooling and blended and supplemental options.
Get a glimpse at real-life examples of how actual online elementary classes are set up.
Walk through the application and enrollment process that many online schools employ.
Search through our directory, which contains 138 online elementary schools. SEARCH NOW.
Learn more about what types of students would best benefit from an online format in middle school.
Identify the factors you should consider and weigh, and preview how online middle school classes are typically presented.
Make sure you have all the necessary paperwork in order with our application checklist.
Use our comprehensive directory of 180 online middle schools. SEARCH NOW.
Explore online education options and how they might benefit learners.
Look through samples of typical online high school interfaces and evaluate school choices.
Ensure you have all the materials needed for application and enrollment.
Go through our directory of 245 online high schools to find one that will suit you and your child's academic goals and needs. SEARCH NOW.
Explore the pros and cons of online learning, as well as blended and supplemental options.
Get a glimpse of common interfaces for online classes and compare programs.
Make sure you have all the necessary paperwork for a smooth application and enrollment.
Search our directory of 1,000+ schools offering associate, bachelor's, and certificate programs. SEARCH NOW.
Find out more about how online and blended programs work.
Weigh different factors of each school you consider, and take a look at how most online graduate classes are set up.
Get your paperwork in order for a smooth application and enrollment process.
Find 900+ graduate programs, including master's, Ph.D.s, certificates, and dual-graduate degrees. SEARCH NOW.
Read our Online Schools E-book, offering a step-by-step guide to online schooling. Read Now.
State higher education initiatives and offerings are evolving to keep up with the increasing demand for online education. Explore our database to learn more about the growth of online learning in your area, and to find a comprehensive directory of local schools with distance education options. Begin your research into the best online schools in your state that can help you meet your goals. Learn About Our Database.
Each article details the typical requirements and classes students should expect based on their degree subjects. Determine which degree level is the best fit for your education and career objectives.
The cost of education can be a cause of concern for many, especially when it comes to paying for a college or graduate degree. However, keep in mind that few students actually pay the full tuition sticker price. In fact, in the 2010-2011 school year, 85% of students received financial aid to help reduce the cost of going to school, according to the National Center for Education Statistics. Online students are also eligible for this financial assistance; learn more about your aid options with our guides.
Visual Academy is Online Schools novel attempt at furthering education and creating a hunger for more knowledge through the use of visual learning techniques. Visit Visual Academy.
Try to relate everything that you learn to a real-life scenario. All of the material that I learn has to do with business management, so I try to think of ways that I can use what I am learning at work... See More Interviews.
Watch our exclusive video discussion of real students discussing online education issues that matter. Watch Now.
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Accredited Online Schools: 2016's Best Online Programs
OnlineEd – Online Education for Real Estate, Mortgage …
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Navigate: ONLINEED COURSE CATALOG NEWS CONTACT US LOG IN
Educating The Best In The Business!
OnlineEd is an online vocational school offering training in real estate, mortgage, insurance, construction contracting, and professional development. We provide license training so you can get a state-required license, continuing education to maintain your license, and certification and professional designation courses to improve your career. OnlineEd courses are delivered over the Internet directly through your web browser and include instructor and author support. Get started immediately!
OnlineEd has been providing online courses for the real estate industry since 1998. We offer both required real estate continuing education and real estate pre-license training in select states. No special software required. All the material is online, so you can start right now!
View Real Estate Courses
OnlineEd is a registered NMLS course provider (NMLS #1400327) and offers the NMLS continuing education required in most states. Our courses cover a variety of up to date mortgage topics you can benefit from as well as meet your annual NMLS continuing education requirements.
View NMLS Courses
Does your mortgage business need AML/BSA/SARs training required by the CFPB? OnlineEd provides the InlineEd Compliance Management System to meet the training and tracking requirements of the CFPB and other oversight organizations. This totally automated system trains your entire staff with a comprehensive Anti-Money Laundering and Fair Lending program.
Learn About InlineEd
Oregon Only. Those looking to become licensed construction contractors in Oregon must take a 16 hour study course to prepare for the licensing exam. Our contracting license training course will make sure that you get the most out of your Oregon Contractors Reference Manual with a comprehensive audio/visual presentation that covers all chapters. Comes with practice quizzes.
Learn About Contracting
Oregon Only. OnlineEd provides the insurance pre-license education needed to get an insurance producer license in Oregon for Life, Health, Personal Lines, and Commercial Lines of insurance. Work at your own pace using our web-based system. Work with a personal instructor throughout the course. No special software required. All the material is online, so you can start right now!
Learn About Insurance Courses
Learn ways to expand your business, make more money, generate more leads, and become more successful in your career. Choose from a variety of courses designed to help you create business, stage and sell properties, and earn specialty real estate designations.
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OnlineEd - Online Education for Real Estate, Mortgage ...
Online Colleges, Online Degree Programs – Classes and Careers
Posted: at 1:40 pm
Obtaining a formal certificate or degree is a lofty and worthwhile goal. Unfortunately, other life goals and priorities can force those education goals further out of reach, often making them seem unattainable. It might be finances keeping you from finishing your degree. Maybe job and family responsibilities are making it nearly impossible to even consider getting back into the classroom.
Whether you are looking to get the education necessary to apply for your dream job or you just want to expand your current training and increase your salary, online classes and degree programs, offered through online colleges and distance learning programs, make the benefits of the typical college experience available to everyone. Certificate programs, associates, bachelor's and master's degree programs in criminal justice, nursing, education, and business are just a few of the opportunities that are open to you. An additional bit of news for you is that there are accredited online colleges that offer degree programs that are approved by national accrediting agencies. In some fields, earning a degree from an accredited program is a necessary requirement to start working professionally.
If competing priorities make it impossible for you to attend school traditionally, choosing an online college that best fits you (your personal finances, time constraints, career goals) and has your desired degree program may be a great step for you. This is where ClassesandCareers.com comes in.
At Classesandcareers.com we have made it our job to research, provide you with information, and then connect you with the online colleges and universities that have your desired degree program. If you're unsure of what you want to study, we have lots of degree information that can help you get an idea for different careers and what degrees are needed to get into those career fields. As a resource that has relationships with hundreds of accredited online colleges and even some traditional colleges and universities, our collection of tools and content can empower you with the information necessary for you to make informed education decisions.
In addition to our education blogs like, Education Today and College Advisor, we offer a Search Tool that allows you to quickly access and search our database of accredited schools and certificate or degree programs from well-known online colleges like the University of Phoenix, Colorado Technical University, and Grand Canyon University. Based on your location, current education level, and desired area of study (i.e. major), you will quickly find school and degree results tailored to your conditions and criteria.
We believe and hold true to the ideal that a college education should be an opportunity that is available to everyone. Unfortunately, because of external limitations, that is not always the case. Gratefully, with the increase of online colleges, online and distance learning degree programs and non-traditional accredited universities, most of these external limitations are just excuses. Allow Classesandcareers.com to be your first stop on the road to an educated future. Use our degree and school search tools to research your options!
We hope to help you, another motivated future student, make the decisions necessary to reach your career goals.
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Online Colleges, Online Degree Programs - Classes and Careers
Health & Fitness – Los Angeles Times
Posted: at 1:40 pm
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Health & Fitness - Los Angeles Times
Evolution Yoga NC – Meeting your body, mind and spirit …
Posted: at 1:40 pm
"For the warrior, there is no better or worse; everyone has the necessary gifts for his particular path." Paulo Coelho
"When will you begin that long journey into yourself?" - Rumi
"Do you pay regular visits to yourself? Start now." -Rumi
"No one said it would be easy but I'm saying it's going to be worth it."
"I discovered something: the meaning of my life was whatever I wanted it to be." - Paulo Coelho
It is through your body that you realize you are a spark of divinity. - BKS Iyengar
CALL 704-776-5867 OR EMAIL stacy@evolutionyoganc.com FOR STUDIO ADDRESS
Offer your child the benefit of a fun, non-competitivefitness routine that will help them BALANCE the equation YOGA..
Whether you are interested in learning to teach yoga or would like to deepen your own practice, Evolutions Teacher Training program is committed to the personal success of every participant.
See all of our class offerings and schedules here.
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Evolution Yoga NC - Meeting your body, mind and spirit ...
Online Education 101 – About.com Education
Posted: at 1:40 pm
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By Jamie Littlefield
Exploring Online Education:
Online education is often preferred by professionals, parents, and students who need a flexible school schedule. This article will help you understand the basics of online education, recognize its benefits and drawbacks, and choose an online education program that fits your needs.
What is Online Education?:
Online education is any type of learning that occurs through the internet.
Online education is often called:
Is Online Education Right for You?:
Online education isnt for everyone. People who are most successful with online education tend to be self-motivated, skilled with scheduling their time, and capable of meeting deadlines. Advanced reading and writing skills are often required to excel in text-heavy online education courses. See: Is Online Learning Right for You?
Online Education Pros:
Online education offers flexibility for people who have work or family responsibilities outside of school.
Often, students enrolled in online education programs are able to work at their own pace, accelerating their studies if desired. Online education programs may also charge less than traditional programs.
Online Education Cons:
Students involved in online education often complain that they miss the direct, face-to-face interaction found on traditional campuses. Since coursework is generally self-directed, it is difficult for some online education students to stay engaged and complete their assignments on time.
Types of Online Education Programs:
When choosing an online education program, youll need to decide between synchronous courses and asynchronous courses. Students taking online education courses synchronously are required to log on to their courses at the same time as their professors and peers. Students taking online education courses asynchronously may log on to the course website whenever they choose and do not have to participate in discussions or lectures at the same time as their peers.
Choosing an Online Education Program:
After surveying your online education options, choose a school that fits your personal goals and learning style.
The About.com list of Online Education Program Profiles can help you make the right decision.
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Online Education 101 - About.com Education
Online Education Degree Programs – eLearners.com
Posted: at 1:40 pm
From the teacher in the classroom to administrative professionals like principals and deans, individuals who pursue careers in education use their occupation to enhance the lives of students and benefit society by creating a community of educated knowledgeable persons. Educators don't just dedicate themselves to creating lesson plans and grading classwork. They commit themselves to constantly learning about what they teach and how to teach it. They work to inspire students and display information in fun and engaging ways. They use their knowledge to show learners the value of chemistry, math, science, English, fitness and more.
From kindergarten to high school, teachers normally require a bachelor's degree as well as a state-issued certification or license to work, according to the U.S. Bureau of Labor Statistics. [i] [ii] [iii] Through this licensure, teachers are normally taught important theories and information about developmental psychology and learn about the proper methods of teaching. There are many professionals in the field of education who are not necessarily educators. Teacher assistants, preschool teachers and others may not require licensure depending on specific state regulations.
Whatever path you choose, an online degree in education can teach you valuable information related to the occupation you are pursuing. This program may teach you the basics about learning strategies and leadership required to hold the attention of a classroom and may give you the skills necessary to start your journey to becoming an education professional.
You may have seen much of what a teacher or educator is tasked with already. Teachers design lesson plans, craft quizzes and projects, grade papers and do their best to teach students everything they need to know to pass relevant tests in their professional future and become a beneficial and functional part of society. On the other hand, other education professionals may tackle more specialized tasks related to running the operations of a school. Administrative professionals handle parent concerns, delegate faculty tasks, coordinate responsibilities related to record-keeping and advising and much more. The world of education is varied and diverse and recognizing your exact path takes a fair amount of due diligence and studying.
Your salary as an educator is largely decided by your specific job title, your level of education and your related experience and whether you have attained a license. Consider the following careers, with statistics compiled by the BLS in 2012.
Teaching professionals should be prepared to work potentially long hours depending on their workload. While an office job may extend only from 9 a.m. to 5 p.m., teachers often take papers home to grade and adjust their lesson plans outside of the classroom. Potential educators should be prepared to work a fair amount during the school year. However, many teachers do not work in the summer.
[i] bls.gov/ooh/education-training-and-library/kindergarten-and-elementary-school-teachers.htm | [ii] bls.gov/ooh/education-training-and-library/middle-school-teachers.htm | [iii] bls.gov/ooh/education-training-and-library/high-school-teachers.htm
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Online Education Degree Programs - eLearners.com
Online Courses – Education
Posted: at 1:40 pm
Education is a broad field that involves the study and practical application of teaching kindergarten through 12th grade students in both public and private schools. College education programs are categorized into many specialty areas of teaching, typically at the middle and high school levels, which include subjects like mathematics, English, science, history, art education, health, and more. In addition, the area of general education is sufficient to learn didactic theory and methodology for teaching at the primary school level, which consists of kindergarten through 5th grade. Some online courses in education focus on early childhood education, which involves the study of development of three to five year olds, as well as literacy and creative expression for this age group.
Online education courses prepare students with the knowledge and skills necessary to manage and instruct a classroom by focusing on two main areas of concentration: cognitive development (the study of problem solving, decision making, and information processing abilities in children and adolescents) and learning theories (the study of how information is acquired). The general component of all education courses, however, is learning how to transmit information through instruction to students.
An online education course can teach you the theories and principles of education and teaching, participating in hands-on practicum is essential to learn how to apply educational theory and eventually become a teacher.Online education classes are effective for learning about the perspective of educators, educational psychology, motivational techniques, and diversity in the classroom. Taking these courses can prepare you to answer questions like:
Below is an organized directory of free education courseware, which includes text files, video lectures, presentations, and more from colleges around the world. This courseware is a great resource to explore the field of education before officially enrolling in an online education class for credit.
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Online Courses - Education