1st: save money and pay off debts.
2nd: buy real estate, businesses, silver, gold, value stocks, or other paper investments from distressed sellers. Use your brain. What is your horizon for your investment? Due your due diligence. Make sure business and real estate have positive cash flow from the start. Know what you are doing, strain your brain. Avoid phony friends and advisors that are really salesmen.
3rd: spread your money around. You'll look silly if the government confiscates gold or retirement accounts. Don't put 100% in either. Consider putting a little cash in a life insurance policy and/or an annuity, after you have maxed your Roth IRA.
4th: Check your credit score. Pay bills on time. See if you can raise your credit rating. This makes financing business and real estate much easier.
5th: Get the right kind of peer pressure in your life. You need a Master Mind group. You don't need seasoned sheeple TV watchers.
If you or someone in your Master Mind is considering starting or buying a business, do research. Talk to customers who buy X. Make sure there is sufficient demand for your product. I'd probably stick with the strongest demand in a field you are comfortable in.
www.mastermind-university.com will give you more ideas.
Tuesday, April 2, 2013
How to Think Big
This is an article I wrote in 2009. It's time for a review. Leave a comment if you want to add anything.
Most people think too small. They chase small rewards, and that's what they get, small rewards. Donald Trump has been quoted as saying that it's a good thing most people think small, because that leaves the big stuff for him. "If you're going to think at all, you might as well think big", says the Donald.
How do you think big? Rather than say, "I plan to release a one hour audio", you could say, "I plan to release a series of excellent audio programs which will be a must have in my industry."
A good idea is to think in broader terms. You can take a job where you do one little thing all day, or you can prepare a business that will serve many, either through automation or more employees, or both. If you can add more value to your product or service than anyone else, and effectively serve more people than anyone else, wealth and success will follow.
Solving bigger problems leads to massive success. I used to work with a guy who worried way too much about tiny problems and issues at work. When he wasn't doing that, he was proposing to the company things that would not make money or add to the bottom line at all. When you think about solving a problem, think in terms of the World, or your country, or your industry, or a whole demographic, etc. Solve a big problem and sell your service to people who have that problem. Then get to work making a business plan and finding investors. Make sure your services are seen as superior and worth the price paid by your customers. If the world thinks your products or services solve their problems, you have succeeded on a big scale.
Associate with people who think big. Work for a company that is trying to make it big, by solving big problems. Start or join a mastermind made up of people who have serious ambition. Enjoy some coffee with those studious and ambitious business majors at school.
Piggy back on the back of an entrepreneur by working as an assistant, or at least follow his/her books, articles, corporate web site, and blog. This will give you some insight as to where that entrepreneur is going and where your industry is headed. You could invest in the company (or fund) that your role model entrepreneur is running. You are more likely to follow it if you own some of it.
When you make decisions regarding your success in business and life, ask yourself questions like: how will this increase the bottom line of my business? Am I taking a big enough project? Is the time requirement worth the reward? Will this help me take on bigger projects in the future? Can I take this company public? Can I expand this business internationally? Am I managing enough risk? You get the idea, think big.
In conclusion, make sure you are working hard enough on the things that matter the most, and be sure to always follow through when it comes to your customers.
Most people think too small. They chase small rewards, and that's what they get, small rewards. Donald Trump has been quoted as saying that it's a good thing most people think small, because that leaves the big stuff for him. "If you're going to think at all, you might as well think big", says the Donald.
How do you think big? Rather than say, "I plan to release a one hour audio", you could say, "I plan to release a series of excellent audio programs which will be a must have in my industry."
A good idea is to think in broader terms. You can take a job where you do one little thing all day, or you can prepare a business that will serve many, either through automation or more employees, or both. If you can add more value to your product or service than anyone else, and effectively serve more people than anyone else, wealth and success will follow.
Solving bigger problems leads to massive success. I used to work with a guy who worried way too much about tiny problems and issues at work. When he wasn't doing that, he was proposing to the company things that would not make money or add to the bottom line at all. When you think about solving a problem, think in terms of the World, or your country, or your industry, or a whole demographic, etc. Solve a big problem and sell your service to people who have that problem. Then get to work making a business plan and finding investors. Make sure your services are seen as superior and worth the price paid by your customers. If the world thinks your products or services solve their problems, you have succeeded on a big scale.
Associate with people who think big. Work for a company that is trying to make it big, by solving big problems. Start or join a mastermind made up of people who have serious ambition. Enjoy some coffee with those studious and ambitious business majors at school.
Piggy back on the back of an entrepreneur by working as an assistant, or at least follow his/her books, articles, corporate web site, and blog. This will give you some insight as to where that entrepreneur is going and where your industry is headed. You could invest in the company (or fund) that your role model entrepreneur is running. You are more likely to follow it if you own some of it.
When you make decisions regarding your success in business and life, ask yourself questions like: how will this increase the bottom line of my business? Am I taking a big enough project? Is the time requirement worth the reward? Will this help me take on bigger projects in the future? Can I take this company public? Can I expand this business internationally? Am I managing enough risk? You get the idea, think big.
In conclusion, make sure you are working hard enough on the things that matter the most, and be sure to always follow through when it comes to your customers.
David K Drews runs http://www.mastermind-university.com - a site that will get you started thinking big, and preparing for a dream retirement. The best books and audio programs for people who think big are featured in the bookstore.
Article Source: http://EzineArticles.com/?expert=David_DrewsArticle Source: http://EzineArticles.com/2055057
Friday, March 8, 2013
Financial Freedom Forums - Get in this One
You may have heard of :
The Elevation Group
Global Information Network
The One Master Mind
Skull and Bones
...and many other forums and organizations. There isn't a great how to be a billionaire forum as yet.
Lot's of forums are repeating the same stuff. If you want financial freedo, join our forum.
But anyway, if your are looking for another good forum where you can:
- seek mentors and accountability partners
- find faster ideas.
- find the best quotes, "posters", articles, and blurbs
- join people searching for the best growth stocks,
- encouragement and motivation
YOU should join the following forum:
http://finance.groups.yahoo.com/group/IndependentWealth/
Bring a friend.
Chat soon.
Thank you for your time.
The Elevation Group
Global Information Network
The One Master Mind
Skull and Bones
...and many other forums and organizations. There isn't a great how to be a billionaire forum as yet.
Lot's of forums are repeating the same stuff. If you want financial freedo, join our forum.
But anyway, if your are looking for another good forum where you can:
- seek mentors and accountability partners
- find faster ideas.
- find the best quotes, "posters", articles, and blurbs
- join people searching for the best growth stocks,
- encouragement and motivation
YOU should join the following forum:
http://finance.groups.yahoo.com/group/IndependentWealth/
Bring a friend.
Chat soon.
Thank you for your time.
Thursday, November 22, 2012
Write Out Your Goals
You have probably heard this several times in your life:
Write up all your goals ( and wishes and hopes ).
Review your page of goals. This reminds you why you work, not just for your employer, but why you save, research, improve yourself, raise good kids, and act responsibly.
Don't let the weeds take the garden, as Jim Rohn used to say.
Visit www.renegadeuniversity.net . Watch the videos there. They will get you motivated. The rest of the site will help you formulate a plan for reaching your financial goals.
Write up all your goals ( and wishes and hopes ).
Review your page of goals. This reminds you why you work, not just for your employer, but why you save, research, improve yourself, raise good kids, and act responsibly.
Don't let the weeds take the garden, as Jim Rohn used to say.
Visit www.renegadeuniversity.net . Watch the videos there. They will get you motivated. The rest of the site will help you formulate a plan for reaching your financial goals.
Should I Pay Off Debt or Invest?
Unless you are facing eviction, apply extra money to debt reduction and investing.
Big deposits to the brokerage or big crdit card payments are minor accomplishments. But I believe I and probably you need a financiacushion in this uncertain economy.
Increasing your income is a good idea too.
Stop by www.renegadeuniversity.net and check out the money saving ideas page and the fast cash ideas page. This will increase your cushion fairly rapidly. Take a look at the other pages at the U too.
Big deposits to the brokerage or big crdit card payments are minor accomplishments. But I believe I and probably you need a financiacushion in this uncertain economy.
Increasing your income is a good idea too.
Stop by www.renegadeuniversity.net and check out the money saving ideas page and the fast cash ideas page. This will increase your cushion fairly rapidly. Take a look at the other pages at the U too.
Should I Invest or Pay Off Debt?
Unless you are facing eviction, apply extra money to debt reduction and investing.
Big deposits to the brokerage or big crdit card payments are minor accomplishments. But I believe I and probably you need a financial cushion in this uncertain economy.
Increasing your income is a good idea too.
Stop by www.renegadeuniversity.net and check out the money saving ideas page and the fast cash ideas page. This will increase your cushion fairly rapidly. Take a look at the other pages at the U too.
Big deposits to the brokerage or big crdit card payments are minor accomplishments. But I believe I and probably you need a financial cushion in this uncertain economy.
Increasing your income is a good idea too.
Stop by www.renegadeuniversity.net and check out the money saving ideas page and the fast cash ideas page. This will increase your cushion fairly rapidly. Take a look at the other pages at the U too.
Make a Wealth Plan
People make all sorts of plans, retirement plans, honeymoon plans, business plans, marketing plans....
How about a wealth plan?
To make a wealth plan, write out all the things you should, would, could do. Then prioritize them and continue planning.
After the wealth plan is finalized, get to work. Check off each item after it is completed.
With a wealth plan, you won't forget your ideas. It will be a little tougher for some slop to get you off track.
You can have your Master Mind group help you with your plan.
Use www.renegadeuniversity.net to help you formulate a plan.
How about a wealth plan?
To make a wealth plan, write out all the things you should, would, could do. Then prioritize them and continue planning.
After the wealth plan is finalized, get to work. Check off each item after it is completed.
With a wealth plan, you won't forget your ideas. It will be a little tougher for some slop to get you off track.
You can have your Master Mind group help you with your plan.
Use www.renegadeuniversity.net to help you formulate a plan.
Subscribe to:
Posts (Atom)
Posts
