About Empowering People - Ziad Abdelnour

I believe success is all about empowering people. The more people you empower, the more money and power one acquires in addition to having an ever increasing impact on his/her constituency. Empowering people is in fact and in my opinion better than education and management hierarchy combined.

The Key question then becomes: How do you truly empower people?

I believe there are several ways to do it. Empowering is really like fueling them with the guns they need to shoot. Here are some ways

For More: http://ziadabdelnourfinance.com/about-empowering-people/

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Success and Ego - Two sides of the same coin?

When you start identifying yourself with your academic achievements/failures, a successful/failed career or even with the image that you are a benevolent/kind person or bad or perverted, that is ego. People generally think that success leads to ego. But on the contrary, ego leads to both superiority and inferiority complex.

It is not the ego which is bad, but the impact which it has on our personality that makes it disastrous. When you start seeing the world through these spectacles, you are full of yourself and this makes you a very proud person or you feel worthless when you are in the company of successful" people.

Many of them are successful in the eyes of society but they are not happy. If that’s the scenario, what’s the use of such success? No doubt, money is important but earning money and running after it are completely two different things. And I am glad that I now understand the difference.

For More: http://www.financialpolicycouncil.org/blogdetails.aspx?id=1107/Success-and-Ego---Two-sides-of-the-same-coin

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Importance of Money, Power, Respect?

We all know that man comes in the world alone and goes from the world alone. He is only remembered by his acts. Some do good for others while some spend their lives running after money.

One cannot deny the fact that Money is power. Money is though erratic, when in low positions, respect acts an important support. By the same token, money can’t buy respect but respect can help earn money. Besides, you can have all the money you want, but that doesn’t necessarily translate into power or respect. Money can buy power at times, but respect is hard to demand.

For More: http://ziadabdelnour.net/money-power-respect-which-trumps-all

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For Russia oil equals money, what if the money dries up before the oil does?

For most countries, the economic slowdown in China and the accompanying slump in commodity prices represent something between nuisance and pothole.  For Russia, they are a catastrophe.

Russia’s currency and economy, already squeezed by Western sanctions, have been sent into virtual free fall by slumping oil prices. The IMF now puts Russia’s long-term potential growth at 1.5%. I personally think it’s just 1%, astonishing for a country whose standard of living is barely 40% that of the U.S.

Russia is indeed skating on thin ice: Cheap oil, Western sanctions and years of mismanagement have sent its economy into a deep freeze. Now everyone is wondering when the ice will crack.
                                                         
Inflation has soared to 15%, the ruble is trading near record lows, consumer and business sentiment is on the slide, and its companies are shut out of financial markets in the US and Europe.

For More: http://us.wowcity.com/newjersey/pottersville/page_article/?id=7137

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WHY DO PEOPLE VIEW MAKING MONEY AS EVIL?

I believe there was a time before capitalism took hold when everybody didn’t have too many opportunities to make vast amounts of money without resorting to illegal or evil ways. It was a time when government (or before that the monarchy) controlled everything. Actual freedom to run with your ideas and build companies is a recent development. It happened in the US first. In other countries it’s even more recent. So even when capitalism took hold, initially it wasn’t fair.

There was a lot of what is now referred to as crony capitalism. In the US this was the time of the “robber barons”. In India, Russia, China, etc….people are still living in this “robber baron’s” age. This has enforced the idea in the common man’s mind that making money is evil. It will take some time before enough people will be able to earn significant amounts of money through honest means before this idea changes.

For More: http://ziadabdelnour.org/what-to-do-with-lebanon/

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Things About Being Wealthy

I am often asked what is it to be wealthy that most people don’t know much about.

Well here are some facts that may surprise you and that you may or may not have imagined along with some tips as to how to best deal with it.

Being wealthy is an incredibly isolating experience. What I mean by that is you can’t really complain about your problems except within your small circle of rich friends. Otherwise, you will sound like an asshole. Even if you do, non-rich people can’t really empathize with you. There are a few other problems associated with being rich such as family/friends asking for money, unexpected jealous reaction from friends/family, pressure to deal with more complex tax, estate planning and investment planning, etc…

For More: http://ziadabdelnourfinance.com/things-about-being-wealthy/

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MY PERSONAL OPINION ON IRAN’S NUCLEAR DEAL

On the surface, the deal for most Western leaders looks good.  The West has nothing to lose but everything to gain from this deal. The major nuclear suppliers  and corporations which are housed in the West gain money and business. There is no risk involved as the inspection standards are pretty strict. The West also gets to clean up its image of being anti-Muslim. It also gets a strong hold in the Middle East as Iran is close to Afghanistan and Pakistan, gets to check Chinese and Russian presence in the region and above all make huge amounts of money.

Iran on the other hand gets to keep its nuclear program, albeit a limited one. Also, Iran acquires first rate technology, improves its energy security and currency reserves and gets a tremendous boost in its economy.

For More: http://ziadabdelnour.org/my-personal-opinion-on-irans-nuclear-deal/

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Will President Obama's stimulus package work

The theory is that the stimulus will bring back everyone's confidence and those of us who are in the business of creating jobs and wealth will be inspired to hire and grow. But why not take a poll of entrepreneurs and folks who make it their business to create jobs and ask them what would spur their confidence? Or better still, why not study the turnaround economies of Ireland, Spain, India, Brazil, Germany and the US during previous recessions?

The study would clearly show that the only successful way to pull a country out of an economic recession is to put the money back into the hands of the people, not by the government taking $1 trillion out of the national economy and distributing it as it sees fit. It is contradictory to almost every historical precedence for economic growth.

For More: Economic growth

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About the Basics of Making Money

This is how we learn most things. Whether you want to be a writer or a musician or a painter or a baker or an accountant, the way to get there is fairly clear. Not everyone’s going to be as good as one would like to be, but at least you know where to start. Lessons, classes, books, internships, … All of these things are accessible to most people who want them.

One of the interesting things about picking up polo was that I realized it had been some time since I had actually tried to learn something new. We spend most of our childhoods learning new things. But as you get older, the frequency with which you develop new talents slows down. Sometimes it stops completely.

For More: how to make money

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When power goes to people's heads

I often wondered why some people go truly out of control when success, money, and power go to their heads until one day I read this: “Money doesn’t make you an asshole. Money just makes you care less if people know you’re an asshole”… How true.

So why does this happen?

Is it because the feeling of power has been found to have a similar effect on the brain to cocaine by increasing the levels of testosterone and its by-product 3-androstanediol which in turn leads to raised levels of dopamine, the brain’s reward system, which is very addictive?

For More: Power goes to people's heads

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