There is always going to be some resource that you do not have enough of. For most people and business they think this resource is money. With the lack of resource you must resort to resourcefulness. Even if you have all the time and money doesn't mean you will be successful. The key to success… Continue reading Blog #264 – If you are going to succeed then you must develop resourcefulness.
Finding uncorrelated income sources so if one goes down then there is another one to keep. Check out this article for 7 different types of income: https://www.linkedin.com/pulse/7-income-streams-most-millionaires-manoj-arora/ Diversifying protects yourself from droughts.
I think there are lots of troubles coming, There’s too much wretched excess.Charlie Munger Charlie said this before the COVID-19 Pandemic. He was right there is too much excess and now there is about to be more excess added to the market. The US is adding close to $3 Trillion dollars. What does this mean?… Continue reading Blog #236 – Time to Re-evaluate for the Recession
Diversification is a big topic among investors. Is it better to have all your money in one thing or to diversify across many things? There is no easy answer because it revolves around how risk tolerant a person is. Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1Warren Buffet You are… Continue reading Blog #229 – Should you put all your eggs in one basket.
You are managing your money or you are giving up that responsibility for someone else. You are at your job to make money. How many years of hard work did it take you to build up that retirement nest? Then you hand over your hard earned money to someone else to manage and invest for… Continue reading Blog #228 – How to Manage Your Money!
You get paid in direct proportion to the difficulty of problems you solve.Elon Musk What problem are you solving? If you truly care and help people then your reward will be greater than money. You will be rewarded with love, kindness, respect and gratitude. People will share only what has an impact on them. The… Continue reading Blog #225 – A Reward Greater than Money!
In Think and Grow Rich a book by Napoleon Hill, he lays out the six steps for achieving your financial dream or goal. Fix your mind on the EXACT amount of money you desire. It is not sufficient to merely say, "I want more money." be definitive to the amount.Determine exactly what you intend to… Continue reading Blog #157 – 6 Steps for Achieving a Financial Dream
It costs money to eat. People often say, "Money is the root of all evil." This could be true in some cases but money in the right hands can do many good things. Money is a tool. Money is a resource. Money is used to exchange value in a common format. Money can relieve stresses… Continue reading Blog #106 – Get that MONEY!!
Waves are caused by energy. There is a push on one side and a pull on the other. The most common type of wave is in the ocean. The wind blows the water causing friction with one side rising and the other falling. The stronger the wind, the greater the friction and the bigger the… Continue reading Blog #35 – Start a wave!
DEBTDefinition of debt 1: SIN, TRESPASS Forgive us our debts2: something owed : OBLIGATION unable to pay off his debtsmerriam-webster Debt has a certain feeling when you hear it. It makes your skin crawl like spiders walking up your legs. Debt is darkness and pure evil. Money is the first thing most people think of when they hear debt but there… Continue reading Blog #34 – The Hole that Gets Deeper