I reorganized www.renegadeuniversity.com to be more streamlined and more like a course on financial independence.
Drop by and see how I can help you get seed money for a business or for investments.
Use the Master Mind and chat sections to meet up with finance guys and gals that can help you reach your goals.
90% of people that I know that visit my site tell me its very motivational. So what are you waiting for?
www.renegadeuniversity.net
Thursday, October 28, 2010
24/7 Live Finance Chat
If you miss the old Yahoo and other smaller chat rooms, where people used to chat about investing, visit:
http://www.renegadeuniversity.net/Chat.html
http://www.renegadeuniversity.net/Chat.html
Tuesday, August 31, 2010
Free University Education
If you think it would be great to drop in college seminars and classes, I have an idea for you. Drop in www.renegadeuniversity.net and take a look around.
At the site above, you can learn hard won lessons about personal finance, investing, and success. Unless you buy a life changing book, you will spend nothing.
Renegade U will be overhauled soon with new templates and an entrepreneurship section.
Take a look!
At the site above, you can learn hard won lessons about personal finance, investing, and success. Unless you buy a life changing book, you will spend nothing.
Renegade U will be overhauled soon with new templates and an entrepreneurship section.
Take a look!
Saturday, August 21, 2010
Step One to Becoming a Millionaire
The first step you need to take in becoming a millionaire is TO TAKE A STEP. Act. Do SOMETHING. Nothing will happen if you just sit there. Nothing will happen if you just read articles.
Begin some study program, sign up for a conference or seminar, email a millionaire and ask for advice (only if you are willing to take it), get some books from the library. Spend some time learning, but then jump in and DO something.
Maybe build (or get) a website. Partner with someone. Write a business plan.
You do not need to know everything, to have it all down perfectly before you begin. But beginning is KEY. Here are the steps I took in beginning, yours might be the same, they might be different (these are not in exact order):
• I attended a Millionaire Mind Intensive seminar.
• I attended a few other seminars.
• I got a website (I got help building it and setting it up).
• I joined Toastmasters to assist my speaking career.
• I bought a fantastic memory course and speed reading course (and DID it).
• I designed and printed business cards.
• I wrote down my goals and a time line for them
The trick here is that if you begin, if you are moving, in ANY direction, you are on your way. If you are moving in the wrong direction or sideways, adjust your course. It is easier to steer a moving ship than one sitting still.
Remember the old saying, "Look before you leap"? Well, yes DO look before you leap, that is simply being prudent. But you still have to leap! Do not just sit on the sidelines looking.
Being wrong will happen. You just keep moving, adapt, learn from and correct your errors. Mistakes will not make you any worse off than you were, and if you are wise, you will be better for the knowledge gained from them.
You may be thinking to yourself, that is really stupid. All he is saying is to do something. No, it is not STUPID, it is SIMPLE. Let me ask you a question: Are you a millionaire? If you answered yes, then I KNOW you took action. EVERY millionaire has (and continues to do so).
The specifics matter, which particular action you take, but they matter much much less than TAKING action. My original plan was to patent an idea I had, and develop and manufacture a product. I may still do that sometime, but have changed direction in my quest.
Every one who is NOT a millionaire has NOT taken action. Like I said, simple. If you take an action and it does not lead you where you want to go (where you want to go is another article itself), then change your action, take another, a different action.
Most of becoming a millionaire is NOT some special formulas or key undisclosed method. It is applying basic, simple principles, working and reworking them to achieve your goal. Learn them (even imperfectly), APPLY them (even imperfectly), and you will be on your way.
So, let me encourage you to meet me in person at the upcoming (Oct 15-17) Millionaire Mind Intensive in Minneapolis. Personally think it is a GREAT action to take! I am Peter Szymanski, the 18 year old TeenageMillionaireExtraordinarie ©, in the making. http://www.teenagemillionaireextraordinaire.com.
Article Source: http://EzineArticles.com/?expert=Peter_Szymanski
Begin some study program, sign up for a conference or seminar, email a millionaire and ask for advice (only if you are willing to take it), get some books from the library. Spend some time learning, but then jump in and DO something.
Maybe build (or get) a website. Partner with someone. Write a business plan.
You do not need to know everything, to have it all down perfectly before you begin. But beginning is KEY. Here are the steps I took in beginning, yours might be the same, they might be different (these are not in exact order):
• I attended a Millionaire Mind Intensive seminar.
• I attended a few other seminars.
• I got a website (I got help building it and setting it up).
• I joined Toastmasters to assist my speaking career.
• I bought a fantastic memory course and speed reading course (and DID it).
• I designed and printed business cards.
• I wrote down my goals and a time line for them
The trick here is that if you begin, if you are moving, in ANY direction, you are on your way. If you are moving in the wrong direction or sideways, adjust your course. It is easier to steer a moving ship than one sitting still.
Remember the old saying, "Look before you leap"? Well, yes DO look before you leap, that is simply being prudent. But you still have to leap! Do not just sit on the sidelines looking.
Being wrong will happen. You just keep moving, adapt, learn from and correct your errors. Mistakes will not make you any worse off than you were, and if you are wise, you will be better for the knowledge gained from them.
You may be thinking to yourself, that is really stupid. All he is saying is to do something. No, it is not STUPID, it is SIMPLE. Let me ask you a question: Are you a millionaire? If you answered yes, then I KNOW you took action. EVERY millionaire has (and continues to do so).
The specifics matter, which particular action you take, but they matter much much less than TAKING action. My original plan was to patent an idea I had, and develop and manufacture a product. I may still do that sometime, but have changed direction in my quest.
Every one who is NOT a millionaire has NOT taken action. Like I said, simple. If you take an action and it does not lead you where you want to go (where you want to go is another article itself), then change your action, take another, a different action.
Most of becoming a millionaire is NOT some special formulas or key undisclosed method. It is applying basic, simple principles, working and reworking them to achieve your goal. Learn them (even imperfectly), APPLY them (even imperfectly), and you will be on your way.
So, let me encourage you to meet me in person at the upcoming (Oct 15-17) Millionaire Mind Intensive in Minneapolis. Personally think it is a GREAT action to take! I am Peter Szymanski, the 18 year old TeenageMillionaireExtraordinarie ©, in the making. http://www.teenagemillionaireextraordinaire.com.
Article Source: http://EzineArticles.com/?expert=Peter_Szymanski
Sunday, August 1, 2010
Passive Income Article
We are formally trained to generate active income at a job, however it is difficult to truly generate wealth unless one begins to generate passive income. Most of us think of going to work at our jobs every day. Day after day we labor for our boss or business for payment. This is active pay since it is income that goes away if we do not regularly contribute something in return for pay. To maximize wealth, a person needs to train yourself to make passive income instead of actively earning income.
Some examples of passive income would be if you owned stock in a company that pays a dividend, if you owned rental property that was managed by someone else, or if you owned a business that was managed by someone else. In each of these instances, you, as the owner of the stock, rental property, or business could have no daily, weekly, or monthly interaction in the daily operation of the business and still earn money. In other words these are passive income streams that earn money regardless of your actions.
To become wealthy, you need to begin to think of different sources of passive income that you can use to generate income. The most common passive income which requires no interaction except filing taxes on a yearly basis is owning stock. It is possible to become rich doing this, however this requires twenty to thirty years of pouring large portions of your income into these companies. If you want to accelerate this process, you will need to closely buy and sell different companies. The problem with doing this is that the process then becomes an active process and not a passive process. Some people do this task of buying and selling their stocks daily and we call them day traders since they basically do this day in and day out.
Some better Passive Income ideas that will generate larger quantities of money with little starting capital are the ones you should pursue. Of course coming up with these ideas is easier said than done. Starting a business that others can operate for you is probably the ultimate goal for passive income, however this is a difficult process. Usually this requires you actively start the business by yourself and grow it until it can support the employees to run it on your own. If you eventually can free up your time to think about more passive income ideas, you will begin to get ahead of the game.
http://richdadpoordad.us/18/passive-income/
Some examples of passive income would be if you owned stock in a company that pays a dividend, if you owned rental property that was managed by someone else, or if you owned a business that was managed by someone else. In each of these instances, you, as the owner of the stock, rental property, or business could have no daily, weekly, or monthly interaction in the daily operation of the business and still earn money. In other words these are passive income streams that earn money regardless of your actions.
To become wealthy, you need to begin to think of different sources of passive income that you can use to generate income. The most common passive income which requires no interaction except filing taxes on a yearly basis is owning stock. It is possible to become rich doing this, however this requires twenty to thirty years of pouring large portions of your income into these companies. If you want to accelerate this process, you will need to closely buy and sell different companies. The problem with doing this is that the process then becomes an active process and not a passive process. Some people do this task of buying and selling their stocks daily and we call them day traders since they basically do this day in and day out.
Some better Passive Income ideas that will generate larger quantities of money with little starting capital are the ones you should pursue. Of course coming up with these ideas is easier said than done. Starting a business that others can operate for you is probably the ultimate goal for passive income, however this is a difficult process. Usually this requires you actively start the business by yourself and grow it until it can support the employees to run it on your own. If you eventually can free up your time to think about more passive income ideas, you will begin to get ahead of the game.
http://richdadpoordad.us/18/passive-income/
Wednesday, July 21, 2010
Increase Your Net Worth by Using the Velocity of Money
"Velocity of Money" is one of the key concepts that many wealthy people utilize in building their net worth.Yet many investors don't know about, and therefore don't follow, this proven wealth building technique. Read below to change that...
Once you learn and understand the magnitude of how this investment concept can influence your financial future, you can capitalize on it to increase your net worth rapidly and safely.
How fast you can invest your money in your financial portfolio is a very important element of managing your wealth.
The faster you can turn over your assets from one investment to another is a key to building wealth. By managing your portfolio with the "Velocity of Money" mindset,you can create hundreds of thousands of dollars more over time.When you are in this mindset,you will look at every dollar you have as a soldier and every soldier's job is to make you more and more wealth as fast as possible.Using all of your soldiers to, maximize your resources (money) at a rapid rate equates to "Velocity of Money" - the speed of money.
When we talk about your initial investment capital, we are really saying there are four kinds of available funds that you need to know about and understand to maximize and accelerate your investing strategy.
Four kinds of funds professional investors use to maximize their wealth:
1) Your own money - You likely have funds you are not even aware of...be sure to see if you have untapped "Lazy Assets".
2) The bank's money.
3) The tax man's money (IRS/government).
4) Other people's money (OPM).
A professional investor knows how to maximize their financial position through leveraging their available funds. The main objective is to use other sources of capital(#2- #4), not your own money (#1).Concentrate on using the bank's or the tax man's capital through entities, depreciation and OPM (other people's money).When you start using these sources of money together (synergy), you will be amazed how fast your own true wealth (#1) will grow!.
Using different funds to simultaneously grow your own wealth and having the ability to rapidly move those funds from investment to investment is what we call the "Velocity of Money".Professional investors rely heavily on OPM and rapid turnaround to accelerate their wealth.In fact, the most successful investors will tell you the objective is to use OPM whenever possible.
Summary, The theory of "Velocity of Money":
1. Invest your available funds into an investment you are familiar with.
2. Stabilize and keep control of the investment through good management.
3. Get your funds out of the investment as soon as possible by refinancing your property (tax free).
4. Put your funds into another investment as soon as possible.
5. Repeat the process.
By implementing the "Velocity of Money" concept, you will be fully leveraging your available funds and rapidly realizing profits.Why not mimic what the rich and wealthy do to accelerate your wealth? As years pass you will be amazed to see how fast your own money will grow.Financial freedom is just around the corner!
Ed Barriskill is a true real estate professional and one of the founders of 37parallel properties. He has been in real estate since graduating from college in 1973. As a real estate agent and broker Ed has closed over 1400 residential real estate transactions. As a real estate investor, Ed has bought and sold several investment properties and currently manages a real estate portfolio valued at over $65 Million.
Article Source: http://EzineArticles.com/?expert=Ed_Barriskill
Once you learn and understand the magnitude of how this investment concept can influence your financial future, you can capitalize on it to increase your net worth rapidly and safely.
How fast you can invest your money in your financial portfolio is a very important element of managing your wealth.
The faster you can turn over your assets from one investment to another is a key to building wealth. By managing your portfolio with the "Velocity of Money" mindset,you can create hundreds of thousands of dollars more over time.When you are in this mindset,you will look at every dollar you have as a soldier and every soldier's job is to make you more and more wealth as fast as possible.Using all of your soldiers to, maximize your resources (money) at a rapid rate equates to "Velocity of Money" - the speed of money.
When we talk about your initial investment capital, we are really saying there are four kinds of available funds that you need to know about and understand to maximize and accelerate your investing strategy.
Four kinds of funds professional investors use to maximize their wealth:
1) Your own money - You likely have funds you are not even aware of...be sure to see if you have untapped "Lazy Assets".
2) The bank's money.
3) The tax man's money (IRS/government).
4) Other people's money (OPM).
A professional investor knows how to maximize their financial position through leveraging their available funds. The main objective is to use other sources of capital(#2- #4), not your own money (#1).Concentrate on using the bank's or the tax man's capital through entities, depreciation and OPM (other people's money).When you start using these sources of money together (synergy), you will be amazed how fast your own true wealth (#1) will grow!.
Using different funds to simultaneously grow your own wealth and having the ability to rapidly move those funds from investment to investment is what we call the "Velocity of Money".Professional investors rely heavily on OPM and rapid turnaround to accelerate their wealth.In fact, the most successful investors will tell you the objective is to use OPM whenever possible.
Summary, The theory of "Velocity of Money":
1. Invest your available funds into an investment you are familiar with.
2. Stabilize and keep control of the investment through good management.
3. Get your funds out of the investment as soon as possible by refinancing your property (tax free).
4. Put your funds into another investment as soon as possible.
5. Repeat the process.
By implementing the "Velocity of Money" concept, you will be fully leveraging your available funds and rapidly realizing profits.Why not mimic what the rich and wealthy do to accelerate your wealth? As years pass you will be amazed to see how fast your own money will grow.Financial freedom is just around the corner!
Ed Barriskill is a true real estate professional and one of the founders of 37parallel properties. He has been in real estate since graduating from college in 1973. As a real estate agent and broker Ed has closed over 1400 residential real estate transactions. As a real estate investor, Ed has bought and sold several investment properties and currently manages a real estate portfolio valued at over $65 Million.
Article Source: http://EzineArticles.com/?expert=Ed_Barriskill
Thursday, July 15, 2010
A Crash Course in Networking
Networking for the purpose of finding a job, or finding a founding team for a start up, or to find specialists to know for any purpose is a great idea.
But how do you start? First, think about what experience, skills and knowledge you offer and develop an elevator pitch. Then, go to networking events and meet people. Business newspapers and newspaper web sites will announce networking events, go to some. You can also attend seminars, workshops and meetings of organizations like small business associations, specialized business associations, associations for women or minorities. You can also try out local Rich Dad clubs, investment clubs, alumni groups, etc.
If you can give people you meet a 30 second presentation (elevator pitch), about your skills, knowledge, and objective, it will be easier to for others to connect you to people that you need to meet. It is good to have a business card too. You may not find good contacts at every event, but you should persistently try. Allow the people you meet to ask you questions about your skills and experience. Be prepared to answer questions.
If done right, networking can lead to referrals, job offers, positions on new ventures, and almost any sort of contact you require. You could also join a mastermind group or invite someone to your mastermind group.
I would also look around at online forums and web sites where people discuss small business, online business, or specialized business.
Online or offline, just meeting people in your field or in the field you want to get into can be a help to you. Be sure to be courteous and listen to your new acquaintance.
David K Drews is the web master of http://www.renegadeuniversity.net a site that will help you make a realistic plan to escape the rat race. David is an MBA candidate, investor, and published author. Watch for the 2nd edition of The Black Book of the Mastermind.
Article Source: http://EzineArticles.com/?expert=David_Drews
But how do you start? First, think about what experience, skills and knowledge you offer and develop an elevator pitch. Then, go to networking events and meet people. Business newspapers and newspaper web sites will announce networking events, go to some. You can also attend seminars, workshops and meetings of organizations like small business associations, specialized business associations, associations for women or minorities. You can also try out local Rich Dad clubs, investment clubs, alumni groups, etc.
If you can give people you meet a 30 second presentation (elevator pitch), about your skills, knowledge, and objective, it will be easier to for others to connect you to people that you need to meet. It is good to have a business card too. You may not find good contacts at every event, but you should persistently try. Allow the people you meet to ask you questions about your skills and experience. Be prepared to answer questions.
If done right, networking can lead to referrals, job offers, positions on new ventures, and almost any sort of contact you require. You could also join a mastermind group or invite someone to your mastermind group.
I would also look around at online forums and web sites where people discuss small business, online business, or specialized business.
Online or offline, just meeting people in your field or in the field you want to get into can be a help to you. Be sure to be courteous and listen to your new acquaintance.
David K Drews is the web master of http://www.renegadeuniversity.net a site that will help you make a realistic plan to escape the rat race. David is an MBA candidate, investor, and published author. Watch for the 2nd edition of The Black Book of the Mastermind.
Article Source: http://EzineArticles.com/?expert=David_Drews
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