This year, begin shutting out negative people, news and talk from your life.
Focus on your goals. I know many of you want to start a side business or maybe you have grander schemes. Close your mind to negativity. Do the initial work you need to do. Starting a business is initially very tough and time consuming. You don't need naysayers around.
Start or join a master mind group for support and collaboration. It helps if you know people who have been where you are.
Saturday, January 15, 2011
Friday, January 14, 2011
Money Follows the Leader
Were you a leader in high school or college? You need to become a leader again. As Robert T Kiyosaki says, "Money flows to the leader."
You have a lot of options, unless your work makes life impossible. There are many different business organizations, political organizations, the Freemasons, civic groups, Toastmaster's, etc. You could start your own forum or your own business and wham, you're a leader.
Being a leader takes practice. If you are serious about becoming financially independent, leadership is essential.
Start a master mind group and get ideas, inspiration and strategy going.
You have a lot of options, unless your work makes life impossible. There are many different business organizations, political organizations, the Freemasons, civic groups, Toastmaster's, etc. You could start your own forum or your own business and wham, you're a leader.
Being a leader takes practice. If you are serious about becoming financially independent, leadership is essential.
Start a master mind group and get ideas, inspiration and strategy going.
Tasks You and Your Master Mind Should Do
If you and the members of your master mind want to be rich or establish a new source of income, you should do these things:
Boundary spanning. What demographic, political, legal, social, or economic developments will affect your business in the future?
Test Unique Sales Propositions (USP's).
Evaluate Marketing plans.
Evaluate Business plans.
SWOT analysis. (Strengths, Weaknesses, Opportunities, Threats).
Pay your master mind if you need to.
Some of this is covered in the Black Book of the Master Mind. More will be written in BBOTMM part 2.
Boundary spanning. What demographic, political, legal, social, or economic developments will affect your business in the future?
Test Unique Sales Propositions (USP's).
Evaluate Marketing plans.
Evaluate Business plans.
SWOT analysis. (Strengths, Weaknesses, Opportunities, Threats).
Pay your master mind if you need to.
Some of this is covered in the Black Book of the Master Mind. More will be written in BBOTMM part 2.
Saturday, January 8, 2011
Financial Independence Quote
"Vision without action is a daydream. Action without vision is a nightmare."
-- Japanese Proverb
-- Japanese Proverb
Financial Independence - Just Take Action
Last year I read the 4 Hour Work Week. Incredible book.
One take away was to take action on your biggest and most exciting goal.
Your exciting goals will motivate and drive you. What you should want, you might not really want.
What do you really want? What big challenging goal excites you?
Take action on it! Now!!
One take away was to take action on your biggest and most exciting goal.
Your exciting goals will motivate and drive you. What you should want, you might not really want.
What do you really want? What big challenging goal excites you?
Take action on it! Now!!
Financial Independence in the Wake of the Crisis
I was listening to the audio of Why We Want You to Be Rich, but Trump and Kiyosaki.
It is strange that the progressives slammed that book when it first came out.
The book isn't bad at all.
The usual message from these guys was partially about social security and medicare costs skyrocketing after the Baby Boomers retire. Maybe the commies were and are just playing the delay game with us. Maybe they want a bigger crash so the kind of money that they have will buy even more shares, like many were able to do in 2008.
The price of a used copy of Why We Want You to be Rich is worth it.
It is strange that the progressives slammed that book when it first came out.
The book isn't bad at all.
The usual message from these guys was partially about social security and medicare costs skyrocketing after the Baby Boomers retire. Maybe the commies were and are just playing the delay game with us. Maybe they want a bigger crash so the kind of money that they have will buy even more shares, like many were able to do in 2008.
The price of a used copy of Why We Want You to be Rich is worth it.
Thursday, January 6, 2011
Beat the Money Game and Retire Early
You have probably heard the idea that you can beat the game or beat the system and enjoy the fruits of success while you are young. I have some ideas that can help you retire much earlier than at age 59 ½. These ideas will require a lot of initial effort, but I bet they will pan out.
First, the government should allow people to opt out of social security. What if each taxpayer could contribute an extra $100 or more every month towards their Roth IRA? We would be responsible to make good investments. But this idea is far better than the social security generation X and Y will get.
Second, end unemployment insurance. Your employer has to send the government a sizable percentage of your pay to the unemployment department. What if the unemployment plan were eliminated? What if the worker and employer split the money 50/50 and the worker could save and invest the difference? Again, you would be adding at least a few hundred dollars a month to your brokerage account.
Third, allow all citizens to invest in hedge funds and IPO's. Yes, these investments are more risky, but what if your broker or 401(k) administrator found you a great one? It could make all the difference.
Fourth, identify and thoroughly research and study your objective, whether it is a business or career, etc. It doesn't matter what your objective is, just thoroughly research it and make an organized plan for reaching this goal. Read the pertinent rules and regulations and look for any advantages and loopholes. Read books about or talk to the people involved in reaching this goal. This will help you uncover more facts that will help you. If your major business or career objectives lead to serious money, I would suggest serious research and work.
When you know enough of the facts you will have an easier time planning and doing the work involved in getting the money to retire early. You will also find that creative and lateral thinking are easier when you know what you are doing.
Fifth, join a master mind group and multiply your intelligence, your contacts, and mental resources. We don't know everything. This makes good master mind groups valuable. A guide in territory that is new to you is very advisable.
Now you have a few ideas that can help you retire early. To find more ideas for escaping the rat race see http://www.renegadeuniversity.net. Don't reinvent the wheel, visit this site.
Article Source: http://EzineArticles.com/?expert=David_Drews
First, the government should allow people to opt out of social security. What if each taxpayer could contribute an extra $100 or more every month towards their Roth IRA? We would be responsible to make good investments. But this idea is far better than the social security generation X and Y will get.
Second, end unemployment insurance. Your employer has to send the government a sizable percentage of your pay to the unemployment department. What if the unemployment plan were eliminated? What if the worker and employer split the money 50/50 and the worker could save and invest the difference? Again, you would be adding at least a few hundred dollars a month to your brokerage account.
Third, allow all citizens to invest in hedge funds and IPO's. Yes, these investments are more risky, but what if your broker or 401(k) administrator found you a great one? It could make all the difference.
Fourth, identify and thoroughly research and study your objective, whether it is a business or career, etc. It doesn't matter what your objective is, just thoroughly research it and make an organized plan for reaching this goal. Read the pertinent rules and regulations and look for any advantages and loopholes. Read books about or talk to the people involved in reaching this goal. This will help you uncover more facts that will help you. If your major business or career objectives lead to serious money, I would suggest serious research and work.
When you know enough of the facts you will have an easier time planning and doing the work involved in getting the money to retire early. You will also find that creative and lateral thinking are easier when you know what you are doing.
Fifth, join a master mind group and multiply your intelligence, your contacts, and mental resources. We don't know everything. This makes good master mind groups valuable. A guide in territory that is new to you is very advisable.
Now you have a few ideas that can help you retire early. To find more ideas for escaping the rat race see http://www.renegadeuniversity.net. Don't reinvent the wheel, visit this site.
Article Source: http://EzineArticles.com/?expert=David_Drews
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