Friday, September 04, 2009

Perpetual Income Generation

A student who earned a few thousand dollars over the summer working remarked to me yesterday, "I don't know how I'm going to spend the money if I don't use it to travel over the holidays."

At first, this statement seemed quite innocuous, in line with what I have come to expect in our work-and-spend, consumer-oriented society. People earn money working and then, quite predictably, spend the bulk of their earnings soon thereafter, buying all types of consumer goods and services with whatever remains after paying for life's essentials.

Three Personal Financial Management Philosophies

Upon further consideration, I became struck with just how one-sided the student's attitude on what to do with his money is. On the spectrum of personal money management philosophies, he is at the consumerist end of the two extremes:

Consumerist Philosophy: Earn and spend; earn and spend; earn and spend. In short, spend all of today's earnings on consumer items, because another paycheck will always come "tomorrow." Examples of this type of philosophy include people who live paycheck-to-paycheck more by choice than circumstance, the young woman from England who won a multi-million dollar lottery six years ago at the age of 16 and now regrets having spent all of the money so frivolously, and highly successful, high-income celebrities like photographer, Annie Leibovitz, and singer, Michael Jackson, who, despite their millions in earnings, have ended up "awash in debt" due to their personal financial management, or lack thereof.

Wealth Accumulator's Philosophy: What's important is accumulating as much wealth as possible during one's lifetime. Be frugal, even to the point of being miserly. Save as much as possible from one's earnings, prudently invest one's savings, and reinvest as much as possible of one's investment earnings. An example of this type of thinking is self-made billionaire, Warren Buffett, who not only is worth some $40 billion but is rumored to have once stooped down to pick up a penny in an elevator, remarking to those around him, "This is the start of my next billion."

My opinion is that most of us will be best off following neither of the above extremes but, instead, adopting a middle-of-the-road philosophy, which emphasizes neither consumer spending nor wealth accumulation:

Perpetual Income Generation: Use one's "excess" earnings (i.e., whatever is not needed to pay for basic necessities) from work and investments to build an investment portfolio that will reliably generate long-term income to cover all of life's expenses. The focus here is neither on spending all of one's earnings, just because one has money currently available to spend, nor on stockpiling cash without limit, primarily to see how much wealth one can accumulate. Rather, the core of this philosophy is to accumulate enough wealth to reach an ongoing state of financial independence, which means that the income generated from one's investment portfolio should over time be enough to support one's lifestyle without relying on external employment.

Historical Analogies

I'm now reading Jared Diamond's insightful work, Guns, Germs, and Steel, which discusses how and why some societies developed farming and technologies and came to dominate societies that remained hunter-gatherers throughout the millennia since the most recent Ice Age some 13,000 years ago. We can draw a simplistic analogy between hunter-gatherer societies and the consumerist philosophy mentioned above, since both emphasize current consumption without any significant savings component. Similarly, agricultural societies may be compared to the wealth accumulator's philosophy, since any excess harvest can be stored or sold for income, allowing for investment in technology development, which in turn can be used to promote further wealth accumulation.

As Diamond mentions, the recurring pattern throughout history has been that agriculture-based societies have not only developed better technology but have also deployed it to exploit societies having more primitive technology. A striking 19th century example is how, in December 1835, a group of 900 Maoris from New Zealand's North Island sailed 500 miles east to the Chatham Islands and conquered a peaceful society of 2,000 Moriori hunter-gatherers, brutally and indiscriminately killing men, women and children who refused to become their slaves. Apparently, what induced the Maoris to attack the Morioris en masse was news from a seal-hunting ship that visited the Chathams, revealing islands rich in shellfish, eels and berries, with inhabitants who "do not understand how to fight, and have no weapons."

Such are the tragic consequences of the collision of societies. Other well-known examples range from the probable driving of the Neanderthals into extinction by Cro-Magnons some 40,000 years ago, to Cortes's and Pizarro's 16th century conquests of the Aztec and Inca empires, respectively, to the so-called Manifest Destiny of European settlers in the 19th century to expand across North America, decimating native Indian tribes in their path.

I mention these historical analogies because of the perspective they bring to personal financial management. As history shows, societies that have had a "savings" component in their culture have inexorably won an upper hand over societies with more purely consumption-oriented habits. If taken to the extreme, this might seem to indicate that pure wealth accumulation should be, at least from a survival point of view, our preferred personal financial management strategy. Hence, my advice to the student I mentioned at the outset could be to save all of his summer earnings in order to maximize wealth accumulation, but is this really best?

Goal: Perpetual Income

Pure consumers live for the present, much as hunter-gatherer societies have throughout history. On the other hand, pure wealth accumulators emphasize the future, based on a "stockpiling" mentality that always favors acquiring more, no matter how much one already has. Rather than simply consuming or saving, it is, in my judgment, critical to forecast one's future financial needs and reach the right balance between consumption and savings that will best optimize one's overall life satisfaction.

So, my advice to the student is: Instead of focussing on how to spend your earnings, or saving all of it for the future, ask yourself how best to utilize your earnings to begin to create a perpetual income stream that will allow you to gain financial independence and support your future lifestyle. Your focus should be neither on consumption nor on wealth accumulation, but on how best to employ your earnings, consumption, savings and investments to one day to replace your own labor as the primary source of income in your life. (Note: Some people call it "retirement," but for me it's closer to financial "rebirth.")

70 Comments:

Blogger marry said...

Blogs are so informative where we get lots of information on any topic. Nice job keep it up!!
_____________________________

Dissertation Editing

4:48 AM, September 05, 2009  
Anonymous Anonymous said...

Can’t state enough how important the sacrifices that go into wealth creation are.

Curious if anyone has caught this book yet? “The Richest Man in Town” by W Randall Jones. I’ve read half of it so far and let me tell you it is well worth it. Would like to hear what everyone else thought of it?

http://www.richestmanintown.com

9:56 AM, September 05, 2009  
Blogger Hard said...

We all get bombarded every day with mails, morning briefs as to which stock we should pick and how will be the market trend today. Every time the brokerage houses will send the stock market tips> as if we all are playing a gamble and need the tricks as to how we can win it. And anticipating as to how to do stop loss and at least will make smaller profits. What most of the investor do is they consider short term trading as the long term investment and believe as to how it can be doubled in a day. Buying a stock just because the price is low and some stock market tip you received that this will boom in the market today. What most of us do is that we all trade with money which we can’t afford to lose but the market always says that invest only that money which is in excess to you. All of these are the big mistakes which we commit every day in spite of being reminded every time that we should complete our home work for the next day.
Things to Remember when invest in stock market: >
 We believe that the fundamental says invest in those company about which you know completely , but that doesn’t mean you fall in love with a company and a particular stock just because you are familiar with it or it create news in the stock market every time. Most of us just try proving our fundamentals are right and for that we apply too many technical indicators on that stock. It’s not true that the stock will go according to its fundamentals and technical, many stocks behave opposite to their indicators, thus they do not guarantee as to whether it will go up or down.
 Investors jump to penny stocks as they immediately boom in the market due to rumors what need to understand is that the Penny stocks are very risky , and on this basis make your strategy as to which one to pick from that lot and how much to invest . The portfolio of the investor should be constructed in such a manner that it allots weight age to different sector and the sizes of the stocks so that the diversification is there and the risk can be mitigated. Therefore the weight age of penny stocks in one‘s portfolio should not be more that the 15%. This is to minimize the losses and to accumulate the profits also.
 Keep a watch on the industry of the particular stock. Most of the stock behaves according to their industry trend. Thus if in the budget the government committed to play large role in the infrastructure sector , all the stocks will go react as per the budget and the whole sector recorded the jump of 12% on the next day. But it might be the case that the industry is booming and the stock is going down, therefore along with Industry, Company information is also vital.
 Past performance of any company doesn’t not hold true or affect its future performance. Many of the Indian stocks which were heavy weight in the past few years and were considered the blue chip companies in this market are either bankrupt or have become extinct in the market. Thus continuous performance analysis and evaluation is important.



STOCK MARKET TIPS > || TIPS FOR STOCK MARKET > || STOCK MARKET IDEAS >

5:07 AM, September 09, 2009  
Anonymous Anonymous said...

酒店上班

酒店兼職

台北酒店

打工兼差

酒店工作

酒店經紀

禮服店

酒店兼差

酒店打工

酒店PT

酒店正職

酒店賺錢

酒店日領

1:37 AM, September 22, 2009  
Blogger Johnny said...

DO YOU STILL ADHERE TO BUY AND HOLD? LONG-TERM INVESTING?

4:33 PM, September 24, 2009  
Anonymous Bobby said...

I think Americans just got a huge reality check in regards to your three management philosophies. Look to see the Perpetual Income Generation approach enjoy a bit of renaissance. Belt-tightening is the new Black.

4:29 PM, September 25, 2009  
Anonymous oil price said...

Hi,

I have recently visited your blog and am writing to try and arrange a quick discussion on the information you currently show as I recognize synergies between our respective websites and an opportunity we can both benefit from.

My name is James Stafford and I run the website OilPrice.com, where we focus on finance within the commodity sectors and after having researched your various pages I wanted to make you aware that we welcome companies such as yours to publish (at no cost) our Energy & Commodity Price Charts, Quotes and Data Panels, which cover: Crude Oil, Gold, Silver, Natural Gas, etc...
Please take a look at http://www.oilprice.com/charts.php to see what is available.

We have only recently launched the site which is why you may not have heard of us, but I would like to clarify that the information is very well presented and doesn’t carry adverts or anything else that would impair the quality for your visitors.
Our development team have also looked over your site and believe all the price formats we offer would be a great fit.

Hopefully you’ll get a chance to take a look at what we do and agree that our free data greatly complements your site and would also be of use to your visitors.

I’d also like to mention that we are looking for contributors to submit articles, so if this is of interest to you please do get in touch. Even though we are a fairly new site we have a PR 6 and are getting over 2,000 visitors a day (and this number is growing rapidly.) We are also creating a writers section which will feature prominently on the homepage.

Should you have any questions or would like to discuss anything I’ve mentioned please do get in touch..

Yours sincerely,

James Stafford
Managing Director
OilPrice.Com

3:48 PM, October 05, 2009  
Blogger TSR said...

MAX PROFITS TRADING JUST NIFTY,NOTHING ELSE..!!

http://www.niftyviews.com/

Hi Friends,we have high success rate in nifty calls,our testimonial is our clients with whom you can chat online in our live chat.

We dont just trade, we create wealth.

Every small and big investors can make money through our nifty calls, trade from 2 to 20 lots to get huge profits consistently.

We top it up with attractive rates which you will make up by just trading 1 call.
Yes, we are that confident of our calls.

Come online to our 24hrs free chatroom where 200++ members trade together at: www.niftyviews.com

Also check the performance before you suscribe at: http://tsrnifty.blogspot.com/

FOR PAYMENT DETAILS http://groups.google.com/group/STOCKRESEARCHER/web/payment-details

JOIN US ON FACEBOOK : http://www.facebook.com/topic.php?topic=10328&uid=150506088274#/group.php?gid=150506088274

Join Us On TWITTER : http://twitter.com/Niftyviews2009

Join our Google group: http://groups.google.com/group/STOCKRESEARCHER

Add me on orkut for daily updates: http://www.orkut.com/Profile.aspx?uid=1619632468359550031

For free calls on your cell phone
SMS- JOIN Sresearchers and send to 567678
Or SMS ON Sresearchers to 09870807070

9:57 PM, October 08, 2009  
Blogger airwolf said...

Smart Move: Foreign Currency Investments

I got a few questions about what foreign currencies are good investments right now. Because there is so much interest in this matter, I thought it'd be great to discuss it here.

Now, the most important thing to remember is that investing in a foreign currency must never be considered in isolation. Consider its impact on your entire portfolio. For example, let’s say you have $20,000 in U.S. investments and you read an article that is very positive on Brazil so you go and invest $5000 in Brazil. You now have 20% of your overall investments only in Brazil which is a lot, even if you do have most of your investments in domestic currency. Ask yourself if you want to be so exposed to a single country.

A currency will do well versus the dollar for two reasons:
(1) The American economy is not doing well, so the dollar weakens. This is true at the moment.
(2) The foreign economy is doing well, so the foreign currency strengthens.

All non-dollar currencies share the first reason to some extent, so focus on the second reason. Look for currencies of countries that have low government debt, growing economies, younger population, stable politics, well-run or reforming legal systems and robust capital markets. China, Korea and India exhibit these signs. Countries that produce commodities like oil, copper etc. are also attractive as the world comes out of recession. Australia, Canada and Brazil are examples.

Again, all investing decisions must be made after considering the entirety of your financial situation.

For more visit my homepage at http://www.themoneyladder.com

"smart money advice for smart young people"

2:47 PM, October 24, 2009  
Anonymous IrfanMahmood said...

Perfect financial/forex blog

4:45 AM, November 22, 2009  
Blogger Trader Kirk said...

Hi,
My name is Kirk and I am the founder of http://www.theoptionwriter.com. I found your site through a Google blog search I was doing this afternoon and wrote down your site to touch base with you. I was wondering if you are possibly interested in an affiliate program between our two sites. It’s very similar to AdSense. We would pay you 25% of the subscriptions you send our way and the same percentage of all the same recurring subscription payments (pretty healthy stream of income). I’ll be honest with you and say that you're not going to make $2,000 a month this way. However, most of partners are in the $100-$200 dollar range depending on your site’s traffic.
Please let me know what you think about this. We don’t give out the link to sign up because we are selective on our partners. So if your interested please let me know and I’ll send you the sign up link. You can email me back at kirk@theoptionwriter.com.
Thanks for your time in advance!
PS - The sign up is free of course (unlike other sites) and it takes about 1 min. Just go here: http://www.theoptionwriter.com/amember/aff_signup.php

9:01 AM, November 25, 2009  
Blogger Tamil Home Recipes said...

Good post.

9:11 AM, December 02, 2009  
Blogger TSR.ARIJIT said...

MAX PROFITS TRADING JUST STOCK FUTS ,NOTHING ELSE..!!

http://www.niftyviews.com/

Hi Friends,we have high success rate in Intraday stock calls,our testimonial is our clients with whom you can chat online in our live chat.


We dont just trade, we create wealth.

Every small and big investors can make money through our nifty calls, trade from 1 to 10 lots to get huge profits consistently.
We top it up with attractive rates which you will make up by just trading 1 day.

Yes, we are that confident of our calls.

Come online to our 24hrs free chatroom where 200++ members trade together at: www.niftyviews.com
Also check the performance before you suscribe at: http://www.future-friend.blogspot.com/

FOR PROCEDURE TO JOIN US http://groups.google.com/group/STOCKRESEARCHER/web/payment-details


JOIN US ON FACEBOOK : http://www.facebook.com/topic.php?topic=10328&uid=150506088274#/group.php?gid=150506088274

Join Us On TWITTER : http://twitter.com/niftyviews

Join our Google group: http://groups.google.com/group/STOCKRESEARCHER

Add me on orkut for daily updates: http://www.orkut.com/Profile.aspx?uid=1619632468359550031

For free calls on your cell phone
SMS- JOIN Sresearchers and send to 567678
Or SMS ON Sresearchers to 09870807070

1:10 AM, December 03, 2009  
OpenID rlabey said...

Thanks for information as a manager i know how informations are helpful thanks again.
Professional Management Education

8:09 AM, December 25, 2009  
Anonymous CB Cot. said...

great post. i've just read a free online book from top investors who espouse the same philosophy. in case anyone is interested it is found at www.slipstreamwealth.com

happy investing everyone. i think these lean times are a real blessing for most investors: it has reset our mindset.

7:26 AM, December 26, 2009  
Anonymous bonds said...

Whats the point of generating masses of wealth and not enjoying it. I completely agree about not living beyond ones means but some of the most joy I have every had is giving money I have earned to someone who was in need. don't just sit on it help someone out who is in need, it a real buzz!!

8:55 AM, January 19, 2010  
Blogger Kean Peng said...

*Genius Funds*
1.9% daily high
http://kptan.webs.com/geniusfunds.htm

8:28 PM, January 29, 2010  
Anonymous stock market and investing said...

good post. Focusing on how to spend your earnings and saving all of it for the future as a student is a very good advice. Starting to manage your finances at a young age will surely put your way to the top.

12:27 AM, February 04, 2010  
Anonymous Stocks Shares Pro - Online Investment Classroom said...

We enjoy reading your blog. Many thanks.

Teach me to trade

3:37 AM, February 05, 2010  
Anonymous stock market for beginners said...

I agree with the article. Being with this one, I totally do have my income in a perpetual motion.

11:28 PM, February 09, 2010  
Anonymous Matt @ Dividend Monk said...

Superb article. I'll have to link here one of these days. I love the civilization analogy.

Dividend paying stocks represent great opportunities for income generation.

8:38 PM, March 05, 2010  
Anonymous Don | High Yield EFT said...

Long term investing is the way to go Johnny. Why else would you want to invest? You are buying part of the company, in hopes/expectations that the company will do well.

8:34 PM, March 17, 2010  
Blogger soulsearcher said...

before really entering into an investment agreement, it's really helpful to read and examine the investment policy statement thoroughly

8:56 PM, March 26, 2010  
Anonymous internet based businesses said...

I love the idea of residual income. I haven't been good at it by trading so I try to do it by starting my own business.

2:42 PM, April 24, 2010  
Anonymous Andy said...

Since the seminal works done by the two great authors, Judd and Chamley, we have seen see a rapid growth of individuals dealing with the issue of active optional capital income taxation. According to the authors the long run tax rate on capital income should be zero. This result was recently proved by a few works. Some experts say the taxation policy resembles the much more traditional fixed optimal taxation principles.
savingtoinvest.com

9:22 PM, May 07, 2010  
Blogger Ivan Cavric said...

A Plan and goal that most can achieve if disciplined.
Ivan Cavric

8:28 AM, July 09, 2010  
Blogger Penny Stocks, penny stock information,Stock tips said...

Its very useful article. I like it
Thanks
Penny Stocks Information

3:30 AM, July 21, 2010  
Blogger Penny Stocks, penny stock information,Stock tips said...

Its very useful article. I like it
Thanks
Penny Stocks Information

3:31 AM, July 21, 2010  
Anonymous Investing said...

"Consumerist Philosophy: Earn and spend; earn and spend; earn and spend."
It is very true about it, just I would say it is more psichology than philosophy. Consumers don't even think about it, they just do it naturally..

2:27 AM, September 24, 2010  
Blogger purity lover said...

After getting laid off from my old job for 5 years, it’s been very hard for me to earn money. With just a few bucks to start a new life, I really didn’t know how to start-over. Then I stumbled on Purity12 while looking for freelance jobs on the internet. I have had no experience at all when it comes to sales and dealing with people but it was so easy to sell Purity12’s products because you feel really confident about them. I tried them first and I couldn’t be more happy and enthusiastic to sell them. I knew that joining the Purity 12 team was one of the best decisions I’ve made and it’s turned my life around! Learn More

7:38 AM, October 15, 2010  
Blogger untung budiono said...

I like wealth accumulator's philosophy that you write.
www.financialinvestingtrick.blogspot.com

7:39 AM, November 17, 2010  
Anonymous Allie said...

I think that planing for retirement is very important. Often times people think about retirement far too late in life. I have recently got into investing in the stock market, I have won some and lost on others. But, I tend to keep learning more about it. Born to Sell is a place I have learned a lot from. Lately I have studied a lot about intrinsic value: https://www.borntosell.com/covered-call-tutorial/intrinsic-value.

12:08 AM, January 22, 2011  
Anonymous iforexmanager said...

first time here. very informative and interesting blog. thank you.
forex managed accounts, managed forex
http://www.iforexmanager.com

10:04 PM, March 07, 2011  
Blogger Christopher said...

It's kind of like the parable of the talents one person doesn't do anything with what they are given, one person saves a little, and another utilizes it best. Good stuff.

I always think it's helpful to come at things from a specific worldview for wealth generation.

9:44 PM, March 14, 2011  
Anonymous high yield investments said...

Thanks for the investments tips!

6:08 PM, April 25, 2011  
Anonymous California Escrow Service said...

With almost everything which appears to be building within this particular subject matter, many of your points of view are generally rather refreshing.

5:29 PM, May 02, 2011  
Anonymous Independent Financial Advisor said...

Just Stumbled across this site
Really interesting article
Thanks for sharing

6:07 AM, May 03, 2011  
Anonymous share tips said...

Thanks so much for this! I haven't been this moved by a blog for a long time! You’ve got it, whatever that means in blogging. Anyway, You are definitely someone that has something to say that people need to hear. Keep up the good work. Keep on inspiring the people!
regards:
Share Tips

7:01 AM, May 18, 2011  
Anonymous share tips said...

I absolutely adore reading your blog posts, the variety of writing is smashing.This blog as usual was educational, I have had to bookmark your site and subscribe to your feed in ifeed. Your theme looks lovely.Thanks for sharing.
Regards
Share Tips

7:22 PM, June 13, 2011  
Anonymous WealthSavant said...

I have been training my mind to think of my investments in terms of the income they throw off rather than the bottom line value of the assets. That is how I value the investment before I but it anyway. It is a challenge to ignore the larger number and its growth and to concentrate on the smaller income number and its growth!

2:02 PM, June 27, 2011  
Anonymous Annuity Rates UK said...

Financial independence is essential for any individial and income generation is going to be a significant issue for many as the population ages

6:10 AM, July 25, 2011  
Anonymous ayala land premier said...

Real Estate Philippines

Eton

1:10 AM, October 26, 2011  
Anonymous Penny stock newsletter said...

I have a web site where I give advise on penny stocks and stocks under five dollars. I have many many years of experience with these type of stocks. I would like to take a moment to talk about low price stocks not classic penny stocks or stocks under one dollar the term most people most often think of when the word penny stock is used. Their are companies of really decent quality trading under five dollars’ but for every one company trading under five dollars that is of decent quality their are maybe ten of poor quality. So the really big difference between those investors that are tremendously successfull when it comes to investing in low price stocks and those investors that lose enormous amounts of money investing in stocks under five dollars’ is having a great deal of knowledge and experience when it comes to low price stocks’ or having a total lack of knowledge and experience when it comes to low price stocks. Finding quality stocks under five dollars requires a lot more research than finding a decent stock above ten dollars.

9:10 PM, October 29, 2011  
Anonymous Rick said...

This is great information. I do especially like the section on wealth accumulation and frugality. After all, the tortoise won the race over the hare, right?

Here's a link to a video that offers an INCREDIBLE to get inside the minds of the richest folks of our generation. Following these principles has proved to be the very best financial decision that I've ever made!

http://theelevationgroup.net/yearinreview/index.php?a_aid=18e41768&a_bid=418a665e

9:12 PM, December 05, 2011  
Anonymous Dissertation Help India said...

Upon further consideration, I became struck with just how one-sided the student's attitude on what to do with his money is. On the spectrum of personal money management philosophies, he is at the consumerist end of the two extremes:

Dissertation Help


Dissertation Topics


Dissertation writers from india


uk dissertations


spss dissertation help


dissertation india


dissertation samples


dissertation help india

9:38 PM, December 21, 2011  
Blogger gurleen said...

I looked around your website and found your blog is excellent. There are a lot of info for me to study, thanks for your great share.

mcx crude tips

1:39 AM, February 23, 2012  
Anonymous income investing said...

If I were to give one piece of advice to my son (he's too young yet), about investing, it would be to invest for income and to reinvest that income. By far the best wealth creation strategy there is - especially if you have plently of time to build up compund returns.

I myself own real estate which generates a decent income which i then reinvest in dividend stocks, so every penny that passes through my portfolio generate more pennies which in turn then egnerate even more.

Income investing is the key!

1:34 AM, June 12, 2012  
Anonymous carbon credit investments said...

great

3:17 PM, July 06, 2012  
Anonymous Stock tips said...

i guess it could have been your instantaneous rxn to the unexpected situation...may be u wudnt have done the same if u gt a lil mre tym 2 react...anyweys its not about blaming sumbdy for smthng tht has alredy happnd...the fact tht u cnsidered rethinking and talking it out shows u hvent been indifferent atleast...may be u and most Stock Market

Stock Tips

12:31 PM, July 10, 2012  
Anonymous Commodity Tips said...

I’ve been visiting your blog for a while now and I always find a gem in your new posts. Thanks for sharing.

10:41 PM, November 20, 2012  
Blogger INTRDAYTIPS said...

ou have done an excellent job, Keep it up .Thanaks for sharing

website for day traders http://www.intradaytips.com
FOR MORE BLOG LIKE THIS http://intradaytipscom.blogspot.in

Intraday tips for day traders. Our Nse tip work in 60 minute. for free trial visit: whttp://www.intradaytips.com
or send sms TRIAL TO 56767 or TRIAL TO 98 70 80 1717

9:37 PM, June 10, 2013  
Anonymous sara said...

Informational and descriptive blog, everything is clear as well as untersatnable..
thanks:


Gold tips

4:57 AM, August 28, 2013  
Anonymous Free Poker said...

This outstanding articles is one of my favourite today. I like to read it. Stay shark all the time.
--------------
Texas Holdem Online
Free poker money
Poker has developed very rapidly over the years: increasingly played a deck of cards, introduced new systems, and there were new types of games, such as poker open or selected. In 1872 was officially announced rules of the game of draw poker. Eight years later appeared, currently the most popular type of poker game, such as Texas Hold'em. In 1896 he began publishing the first magazine entitled poker Poker Chips.
Free Bonus Poker
Laptops for Sale
Today, poker is one of the most popular card games. On television on a daily basis are dropped, broadcasts of poker tournaments and online there are many companies offering rooms to play poker on-line (www.expekt.com, www.bwin.com and many others). In the biggest poker event in the world - the World Series of Poker in 2005 was attended by 23,000 players. In 2006, curiosity was the fact that the winner of the main event was 12 million. dollars.
TV Deals
Viteo

1:11 AM, September 08, 2013  
Anonymous Poker said...

Your website could be more interesting. I think You need more visitors, so please exchange link with us.
--------------
Free Poker bankrolls
Free Poker Bonuses
Poker - card game played with a deck of 52 cards (standard) whose goal is to win money bonus - no deposit poker money, darmowy poker - from the other participants, so completing the best poker hand or a bluff. Number of players at the table is limited only by the amount of cards in the deck (but may not be fewer than two), and in practice do not play more than ten people.
Online poker no deposit
Bonus bez depozytu
History - history of poker is not so clear. As the first game of poker has described Jonathan H. Green in 1834. Free poker bankrolls and instant online poker bankroll. It has gained popularity among the passengers on ships that sailed the Mississippi River - texas holdem poker, free poker money, bonus bez depozytu. Players receive five cards, and the entire deck had only 20 (from tens to aces). It is possible that poker is derived from Old Persian game as nas, whose rules Persian sailors passed the French free poker money settlers in New Orleans.
No deposit poker bonus
Free money for poker

1:12 AM, September 08, 2013  
Blogger Sir ackent said...

hi

11:04 PM, September 26, 2013  
Blogger robin hood said...

I found this blog worthy to read and I would like to appreciate you for providing great details on three philosophies of personal financial management.
which gold backed ira

4:16 AM, September 28, 2013  
Blogger Shannon Baker said...

It sounds like an interesting series. I will check it out

literary publicist

1:17 AM, October 02, 2013  
Anonymous Intraday Trading Tips said...

Hi I am Rahul Singh I am commodity advisor and I work in share market in this time mostly people investing in share market and I help to investors. Normally I have knowledge for share market and by the help of this we work with investors. and provide the tips for share tips and commodity trading tips

5:30 AM, October 09, 2013  
Blogger abhishek singh said...

Whenever you think to start trading in stock market you must have to think twice; because if you take any wrong decision you have loose your all capital. And in order to taking the right choice you can depend on commoditytradingcall to take
Free Share Tips . The best probability to get the benefits of intraday commodity tips free guidelines that not only save you from the loss but also you can gain a hug profit in Mcx calls.

5:42 AM, October 14, 2013  
Anonymous Moneycontrol said...

Hyderabad-based Dr Reddy's Laboratories surpassed analysts' expectations with consolidated net profit growing 69.4 percent year-on-year to Rs 690.3 crore in three-month period ended September 2013.

Moneycontrol
Moneycontroltips

2:45 AM, October 31, 2013  
Blogger Tina Roy said...

Impressive blog on income generation and it is well written too. It will help to grow money rapidly.

commodity tips free trial

2:22 AM, March 26, 2014  
Blogger Mcx Guru said...

Nice blog
Thank you,
Sureshot Gold Tips

2:29 AM, March 27, 2014  
Blogger Sir David said...

I've been trying to find hours and now I have got such splendid work.Peter Johnson

6:23 AM, April 09, 2014  
Blogger Vijay Kumar said...

I always read your informative blog post. I like your blog. I have some information about a real estate project Vatika One Express City Sector 88A, Gurgaon. Get Details like Prices reviews, payment Plans on Favista.com.Vatika One Express City

1:09 AM, April 16, 2014  
Anonymous Commodity Tips said...

Hi! Do you know if they make any plugins to protect against hackers? I'm kinda paranoid about losing everything I've worked hard on. Any recommendations?
Option Tips

12:38 AM, January 07, 2015  
Anonymous Pakhi said...

I was extremely pleased to uncover this page. I need to to thank you for your time This is an affecting point of view on this topic. I am happy you shared your ideas and I find myself agreeing.
gold tips advisor

2:31 AM, August 27, 2015  
Blogger Farhan Khan said...

The given content is literally precious it is giving very good information related to the investment in stock market and if you want to get succeed in trading then try MCX Tips.

3:59 AM, April 28, 2016  
Blogger Alice Denny said...

Welcomes to google terminal from Austin Texas! google snake
Amazing insight you have on this, Happy wheels it's nice to find a website that details so much information about different artists... Age of war 2 This article always blew me... Earn to die For how many times I have read this.
slither io Hi! I’ve been reading your blog for a while slitherio it's nice to find a website that details so much big farm

12:18 AM, June 20, 2016  
Anonymous Accurate Crude Oil Calls said...

it is giving very good information related to the investment in stock market.

thanks,
Mcx Sure Call | Silver Sure Commodity Call

10:03 PM, January 30, 2017  
Anonymous Free MCX Trading Tips said...

waoo nice post about Perpetual Income Generation

Thanks,

Crude Oil Tips Free Trial

4:09 AM, September 23, 2017  

Post a Comment

<< Home