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Building Wealth by Paying Yourself FirstThe way I save money, is by paying myself first. I have automatic deductions come out of my bank account on the 15th and 30th of every month, which I put directly into a mutual fund for safe keeping. I take a small portion of my pay check, roughly 10% and put it away. This may not seem like much, but over time it adds up. In addition, with mutual funds you will have the benefit of compound interest on your side. You should EASILY be able to achieve 8% interest on average in a good a mutual fund, often times more. That's $800 a year on $10000! [More] | How Do I Bring Consulting Into My Lease Purchase BusinessYou also need to have a reasonable price structure. I know some people believe in charging a bundle for consultations (many of these individuals only work in areas e.g. CA they can get away with this; I'd like to see them try this in let's say Indiana, Kentucky, or some areas in the South); however keeping your pricing at a affordable level gets you more business, more referrals, and ultimately more money. Pricing is going to also be very dependent on the area you are working in. [More] | Affirmations Based on "Rich Dad, Poor Dad"I'm sure most of you have heard of, and perhaps read the book "Rich Dad, Poor Dad" by Robert Kiyosaki. If you haven't read it yet, I highly recommend it along with his book "Cashflow Quadrant." Both of the books are simplistic and introductory by design. But there are some important concepts that Kiyosaki highlights that are fundamental to accumulating wealth. Here are a number of Power Affirmations that I have created based on studying his material. [More] |
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When it comes to investing, people do it for one reason and one reason only. They are looking to earn a decent return on investment rate. No one invests just because they're interested in helping some fledgling company to make it in the business wo.
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Here is the first couple of paragraphs from my book that I am just finishing… <.
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