Archive for the ‘Education’ Category

Usually it takes hard work and personal failures, mistakes and risks before being successful in business.  There are those who get lucky and skip these steps finding themselves rich without much work.
Lottery winners, prize winners, hand me downers, lawsuits and others who win big.  You could say some deserve it, others don’t.  What’s important to note is what it takes to keep, grow, and protect their lucky wealth.  Which is why we find many lose it all quickly after they receive it.
Some of us have followed that employee path from our upbringing.  Go to college, get degree and get good job.   Save money, get 401k, retire with enough.  That’s starting not to work very well for most employees.  Especially these days with constant Government changes.  The mentality to rely on companies that are looking out for themselves rather than us leaves us in low income job loss potential.  Then you have people who depend on the Government to save them.  Save yourself and become an entrepreneur if you haven’t already.
Most have people manage their money for them.  However if you are not earning profits in the short and long term on others strategies then you need to consider your options.  There are two options.  Do it on your own or yourself and someone trusted.  Someone who has proven track record.  Drop the brokers and money managers that are failing you.  Follow and learn to predict trends on your own and with others who have proven track record.
Did you know that employees have very little control on their income tax.  When your an employee the company likes to take taxes out for.  Employees are conditioned to be lazy and love this.  There are very few strategies to lower employee income tax.  However as a entrepreneur taxes can be controlled and reduced significantly.  Therefore entrepreneurs can save more on taxes.  Lot’s of loopholes for business taxes.
When people think of a bad economy they think negatively.  Did you know that in the Great Depression in the U.S. there were more millionaires and rich created than any other time in history.  That’s because there are good deals and offers.  Deals that are super low investments that have future profitable potential.  Instead of tightening up and not seeking good deals the rich go for it seeing the future opportunity.  Also there are far more problems to be solved during bad economic times.  Therefore people are looking for solutions.  Look for and provide solutions and you will find profits.
Did you know powerful business leaders have coaches.  Even the CEO of Google uses a coach.  Anyone who thinks they know it all or can do it themselves is bound to lack their full potential. They may even be severely held back and frustrated without someone seeing what they are not.  A coach helps someone see beyond what possible and stretches us to achieve our best.

They say your network is your networth.  When it comes to the people that surround you look around you.  How much do they make, what do they talk about, how do they make money?  More than likely you are all making the same average income.  That is why it’s important to network with the right people who are financially savvy and are willing to share knowledge strategies and coach you to a better networth.
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