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Tag Archives: money
RICH CAT, POOR CAT.
29 Aug
Even my cat is reading Rich Dad Poor Dad!!!
Even my cat knows we need to get our global financial purses in order.
Now it seems funny. Heck it is.
However the sad truth is not enough people are focused on their financial education. Even fewer people are focused on their financial well being. The average American is simply following what their payroll secretary instructs them to do. No offense to the payroll secretaries of the world but they are not financial advisers. They do not have to be. It isn’t a requirement. And in fact in many ways they don’t have your best interest at heart. They may round your overtime down per instruction. Hey legal or not that puts them against the dollars you earn when you trade sweat equity for a paycheck. below I’m going to give you my ideas on a few investments, assets, financials you need and or don’t. Ahead of time let me say I am NOT, repeat NOT a financial advisor. I’m just a well read, educated guy from the city that learned the hard way. Feel free to challenge me on redirect- also known as the comment section.
-Investments.
Many people are banking on investments they don’t understand and don’t control to see them through to the end. Regardless of. Lifespan. Sadly after the last crash- the game of economics has changed. I’m not being callous either. Your life isn’t a game but when you let strangers play with your money and wish for the best- you are doing worse than a guy who plays monopoly with his dog. Solution: ask questions. Find out what the fees are. What is your guaranteed ROI aka return on investment. If you can’t understand the product they sell you- Walk away. They get paid to educate you and serve you! Investments don’t have to be stocks and bonds. They can be metals, rental properties, reits, and many more. Look around. Educate Yourself.
-Assets.
Assets build for you essentially. A house you own free and clear is an asset. A sack of junk silver, also known as a bag of coins with no numismatic value and a high amount of silver in them, that’s an asset. A Porsche is not an asset. A cool toy and a burden on your wallet is what a Porsche is.
A rental property with positive cash flow every month is an asset. A home you live in with a mortgage is not an asset in my opinion. If you can lose it or you can’t pay it off in one swipe, then it is a burden. Now people with mega bucks may use a mortgage and a jumbo loan to create certain incentives and complicated fiduciary vehicles to benefit them. I’m not that guy and most of is aren’t either. So skip them lol. In essence an asset puts money in your pocket.
-Liabilities.
Back to the Porsche. Its awesome. I want one. I drive a Honda Accord sedan. You family can and no kids lol. I’m trying to plan ahead. My car is not an asset either. When I leased it however I had a nice tax write off for my home business. See how you can work things? Your home- sorry. Liability like I said before. Mortgage, insurance, maintenance, hoa dues, water bill, electricity- the list goes on. And heaven forbid your boiler or hvac system goes. Got 10 grand sitting around? The play station 3 and surround sound system your kid had to have- pricey liabilities. Oh and the 70 inch Sharp Aquos. Great tv. Li-a-bi-li-ty! Now you need shelter and transportation but evaluate your means and needs. Nothing wrong with having wants too. However find a balance. Don’t be ignorant. Don’t keep up with the jones’. Build your future.
-Physical wealth.
I love physical wealth. Gold, silver, platinum palladium- AMEN! These are my ideas of Assets and Investments. Gold has historically been a way to hedge against inflation and store wealth. Silver as well. Silver coins are highly collectible and can be fun to collect and teach the kids money lessons with. Sealed, signed, graded coins are considered numismatics and can gain value beyond their weight in silver or gold. You can buy junk silver as well. Try this- sort your silver coins for a week. Anything from 1965 or early has a decent chunk of silver in it. A 1960 nickel is 2 bucks. The quarter is 8 bucks. Now of course this all depends on silvers value as adjusted daily, but I assume you see the idea. Questions or want more info on this- reach out to me asap.
-Savings accounts.
Both are good. You should save a portion of every dollar you make until you die. No excuses. No usage. Ask your bank to remove $25 bucks from every check, $10 if you can’t squeeze it out. This way it goes right to savings and you don’t spend by accident. Putting money away for Christmas, or a new car is smart too.
-Emergency fund.
This builds off of the previous. We all need x amount of dollars set aside for life’s hardships. Suze Orman says save six months of living expenses. I concur but that’s a lot of money for all of us. So start with 1000 dollars as your initial goal. You can get there faster than you think.
-Fees.
This is money you can use to build that emergency fund.
checking fees are killing most people. Use direct deposit or get the most basic service you can.
Monthly installment geico vs 6 months upfront. This will save you 60 dollars a year. If you make the payments upfront you skip the fees. Life insurance does the same and so do many other payments. Mortgage and car- send am extra 100 bucks a month to- THE PRINCIPAL. This will reduce interest and fees. It will also add about a payment a year. Lastly this kind of math will take years off your mortgage and months or years off your car loan. Think folks.
Lastly- you don’t need the Cable gold package. You want it. Get the basic. Heck, get Netflix and only the internet. That 80 to 100 dollars you save monthly will give you 960 to 1200 dollars a year!
Are you with me yet folks?
There is money in your wallet/purse. You have to want it though. Do you need change? Tired of the boss? Want to get rid of debt. Well I just gave you some concepts and strategies and info you may not have been privy to before. Use it. Grow.
And remember:
You #thriveorsurvive by your own hand.
#thriveorsurvive.
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Tony@Changeinadvance.com
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Core Concepts, Some Old Some New
27 AugCore Concepts, Some Old Some New.
So I’m going to be a bit erratic today folks.
I’m going to cover some stuff I’ve spoke on and some stuff that’s eluded my fans and myself as well. I’m also going to go out of order. Better said- I’m going to use these four core concepts in an order that I think precedes success.
-Put in the time
-Focus
-Mentors
-Follow through.
That’s it folks. Four core concepts that can change your business, change your life.
Let’s dig in!
-Put in the time.
I don’t care who you are or what your deal is. You will get nowhere if your dream, plan, scheme is a hobby. Sorry it’s a fact. You are a failure before you even dig in. Mastery of anything takes 10,000 hours.
Don’t have ten thousand hours to get rich? To be perpetually wealthy?
See you at the finish line after you’re lapped. I don’t care who you are or what your troubles and time constraints are.
Make time for your future. Make time to be free forever so you don’t miss the games with the kids or that super bowl vacation you only dreamed of before. Start small. Use your lunch breaks and bathroom time to sharpen your mind. When you have coffee read to build strategies from authors who have done it before you. Turn off the television. And xbox, ps3, not going to put cash into your roth ira is it?
Everyone has an hour a day for starters. Find yours.
-Focus.
You don’t get anything done well without it. Focus is the key that unlocks your dreams and desires. Chaos creates only more chaos. A focused mind however will guide and create. A focused mind is a tool that when honed to perfection will find cashflow and residual income. However you have to avoid the distractions. Turn off the tv- see a trend there? After that make sure you fill your time with productive tasks. The gym, education, reading. Make lists of what you need to do and the dollar amounts to reach on the road to financial freedom. When you are doing the tasks and steps that are required for your business- do only that. Multitasking detracts for most people. When you’re at work you work right? Well at your own venture you must be that much more focused.
-Mentors.
Mentors are great. A good mentor will for many mean the difference between success and failure. A mentor can illuminate the path for you whether you are in the same business or not. A mentor will help you see the mistakes you are making and help you skip a few they made themselves. My mentors are both highly successful and one is even in my current venture. However the one who isn’t is still there when I have questions and needs. His willingness to help and his thirst for knowledge and self growth are not only infectious but influential.
Accountability is a key aspect of a good mentor. They will ask you the questions you hoipe they won’t. They will want answers when you fail. They will require you work harder. And they need not gain from your success to be effective. A mentor may cost you money and they may not charge a dime. be aware thought hat you get what you pay for.
Lastly, the mentor I speak to most frequently asked me one question and pointed out my greatest flaw in my business endeavors. Do you see the power?
-Follow through.
So you got your focused mindset and your putting in 3 hours a day with a fifteen hour minimum. Awesome! You even found a mentor and things are smooth. Their pricing is reasonable and your learning curve has been exciting.
Great now FOLLOW THROUGH.
Life isn’t simply trying and applying. You have to repeat the process. Over and over and over. That’s it. No compromise, no hoping it was enough. Make it enough. Every action that breeds success must be repeated over and over. Not only will you become more successful but you will become better at these steps as you complete them repeatedly. NBA, NFL, MLB- all require repetitive motion to rise to the top. Ask Jeter. Ask Ted Williams. Ask Ray Allen. Ask Kobe Bryant. They don’t win and then slack. In the off season they work. And if you have competition for your business- buddy, you better believe your competition is training when you’re sleeping. That is the nature of the beast. Practice your craft. And then make practicing your practice a step. Sounds odd, I know. But you will get me when you see how it builds for you.
#thriveorsurvive.
“Train your mind to be like a hammer… you will see every problem as a nail”………………………..gn.
Thoughts? Concerns?
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Need ideas?
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Tony@Changeinadvance.com
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Time is Money
25 AugTime is Money.
Easy to repeat, hard to master.
A lot of us are always wanting the big payday and we talk about it blog about and claim it live it. But we don’t follow through.
There’s a few simple ways that your time isn’t making you money and the money you spend isn’t buying you time.
Wasted time.
Wasted funds.
Wasted revenues.
Wasted efforts.
-Wasted time.
Easy idea. A lot of people waste time in a business they won’t follow thru on. A lot of others simply won’t spend time in the right arenas. Example: you run 30 minutes on the treadmill and go home and gorge yourself on sweets, a six pack of soda, cake and ice cream and then a cigarette. You wasted time in the gym when you went home and didn’t live the accompanying lifestyle. Another way most people waste time is simply sitting in front of the boob tube. Why spend years of your life watching tv? A business may be built in less time than most of us spend watching television. The list goes on and on but another big success killer in this category is simply not executing your ideas. Any amount of action beats inaction. Start soon and build momentum. Before this blog I had a different one I experimented with and learned blogging with. Before blog sites became the norm I had a website. The key here is simply ACTION. Set your plan in motion TODAY.
-Wasted funds.
Investing money into a venture you are skeptical on- wasted funds.
Spending money on an auto-ship you don’t want or will use- wasted funds. Don’t spend money on a business you won’t enjoy and use. Would you open an hvac company knowing you aren’t good in this field? Of course not. So why would you buy vitamins you hate or energy from a supplier you don’t trust. When you sink money into a venture and don’t follow through 200 percent you wasted your money. I’ve seen people take courses, plunk down 500 dollars and more. Just to do nothing but act- yes ACT like big shots. Don’t act like a winner, play like one. Derek Jeter comes to win. Jordan didn’t have a hobby but a profession. Tiger Woods, Michael Phelps- they make moves and the money they spend is to achieve exponential growth.
-Wasted revenues.
A lot of us loose out on this. We waste not the money we invest in the business by not building- but we waste any profits as a child squanders a small allowance. Every dollar you make goes back into the business or into an investment. That money folks, isn’t yours. When that check yields CHECKS- than spend a small sum. And I don’t mean avoiding business trips, or courting clients. Heck have a small dinner out. But plan. That first check should be held in a misers grip.
-Wasted efforts.
Now wasted efforts isn’t the same thing as wasted time. You can spend hour after hour chasing leads but the wrong leads or old leads are a waste of your efforts.
When you beat a dead horse you get nothing. And when you chase the same four people in your warm market you only piss people off. Actually you also build a reputation as a jerk, a zealot, and an ineffective rep and leader. Also when you get comfortable, find a good groove that you enjoy, yup you’re wasting efforts. Growth comes from going beyond. Muscle is built when you eek out that extra rep, when you add that extra pound. What will you do to get the results you want? If you only do what’s comfortable you will get nowhere. Sales, opt-ins, and high recruiting numbers all come from talking to more people. Not your same five friends. Also wasted efforts can be spent on bad ventures. A lot of people wasted time on Zeek Rewards. Not because they were bad people or ignorant. They just fell for hype. That’s a prime example of wasted effort as well. Do your research folks. And don’t waste time on anything that doesn’t yield vast results. And not just monetary results. Growing as an entrepreneur and as a person is a grand reward as well. Wealth, success, and happiness can be achieved together if you focus and don’t waste your efforts.
Time is money so waste neither.
And lastly time is a valuable commodity that you can’t get more of so use it wisely my friends.
#thriveorsurvive.
“Some people plant in the spring and leave in the summer. If you’re signed up for a season, see it through. You don’t have to stay forever, but at least stay until you see it through.” -Jim Rohn
Thoughts? Concerns?
Questions? Think I’m wrong?
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Need ideas?
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Tony@Changeinadvance.com
@changeinadvance
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Or simply reply to this article.
Freedom is found in your Finances
24 AugFreedom is found in your Finances.
‘Lastly keep a keen eye on the finances. We’ll discuss that next time folks.’
Well folks that moment is here and I have a great set of ideas and facts to help you.
Keep in mind I’m no expert or licensed CPA and or FInancial advisor. I’m simply sharing what I’ve learned and encouraging you to seek out further growth and expertise from those who can shape your fiscal future.
Freedom being found in the financials is almost an oxymoron in most peoples minds. Money, taxes, costs and revenue are practically the devil when they should be a breath of fresh air to all moguls. The sad fact is the details that make money work are the very things that scare most people.
Now I’ve a got a few clues and a few ideas to get you where you need to be.
Let’s unpack this people.
Whether you have bills or not you need a budget. Start with your monthly income. Whether you work off the books or on you need to know what you take home on average. I recommend you work on the books as every dollar you make is bankable towards your future.
Add up your monthly income and arrive at a total. Next add your expenses up- cell phone, cigarettes, metro card, insurance groceries. Everything until you have a clear picture of what you spend monthly not just your bills.
From there see if the two number match or if you are running a surplus or a deficit.
Now let’s assume you bring home 3200 and your bills are 3100. In this case you have a small surplus. And it should be used to either build a safety cushion for future issues or to pay down current debt. If you see that cash as free money or mad money you won’t survive the next recession/depression. Sorry folks but we all need a plan. I personally save almost nothing- why? All my credit cards have a debt relief plan. Also you can’t erase debt on cc’s in a bankruptcy. However you can’t rebuild as fast as you can clear. Now I’ve never used this strategy. I don’t even recommend it but you see the use? What we need to do as business people is now the limits of our dollars. And to do that always pay your bills and debts first. I don’t care how small- pay the bills first! Next take what’s left and pay off more bills. Either remove debts or be ahead of debts. That’s sound financial strategy my friends.
Also, look for cheaper insurance and cell phone/ internet/ cable plans. Bundling may save you money. So look into it.
A few more points:
-A Good Cpa.
A good cpa will find you money and deductions not hide from the irs’ eye. Many tax preparers’ will tell you to take the automatic, minimal deductions for your business. However that helps them and their licenses’ not you. Remember you get what you pay for and the cheapest cpa/ tax prep person isn’t your best friend.
-Good software.
Good software helps. A LOT.
Why? Simple. The easier it is to track your expenses the better your records will be. The company I use shows real time usage, and deductions and links to ALL my checking accounts,credit cards, et al. This puts me at ease as I know I can be lax. I only have to input my customers, clients, prospects, and new team members as I meet and or sign them up. So simple, so freeing.
-Receipts.
Even with great software I keep all my receipts. I also mark the date in blank ink and any correlating data as well on the back of the receipts. If you sign a client or partner in a restaurant or bar you get deductions as well. So next—
-What you can deduct.
If you sign people at certain venues and certain cost points you will win. Meals, phone bills, office rent, and many more options are available to a serious mogul. Get your paperwork in order, get a real CPa and you will prosper. Remember spending money on you business is necessary. However losing money on a new or existing venture isn’t.
-Debt control.
Controlling debt, public and private is key. Know the difference. You can spend money on your business, for your business, and from said businesses credit when you set things up properly. Pay off the debts of any and all businesses first so you are in the green sooner. This will ensure you win.
-Spending is good.
Autoships, company letterhead, insurance policies, etc are all useful expenses. Not everything will get you a deduction but if you can legitimately spend a dollar to get your venture off the ground you will win!
Money spent on training, mentors, and advertising is well spent. So long as you don’t go to the person(s) who seems creepy or isn’t making you money.
In life and in business you need to spend money to make money so spend it wisely.
Bonus- Money comes with math and emotions.
So make sure your math, their emotions, and your emotions are all in sync. If not you are wasting time. You need to bond with people to create an empire. When you don’t you have nothing. Make a choice.
#thriveorsurvive.
“You will be what you put into this life.” Tony
“People don’t buy for logical reasons. They buy for emotional reasons.” — Zig Ziglar
Thoughts? Concerns?
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Tony@Changeinadvance.com
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BILLION DOLLAR AFTERMARKET
31 JulEveryone seems to have an ipad, heck some of you only shop apple. I’m taking mac air, iphone 4s, and the ever handy ipad. Steve Jobs may have set the bar but he also created a whirlwind of value and a few smart people seized the day. You see ipad and ipod et al after market products is over a billion dollar industry. That’s right the people not directly licensed by apple and or the products not sold in licensed retailers account for a billion plus dollars in sales.
So my friends let’s see what conclusions and lessons we can draw from this fantastic economic activity.
-See the opportunity.
When the ipod took the music world by storm people went ape. The price was irrelevant because people had what they wanted in hand. A product that was cool, sheik, useful and convenient. However the mass marketers and wholesalers who had a brain used this massive media and fan frenzy to line their pockets. Both low quality and high quality goods were churned out daily in a few different countries to feed the consumer greed and fad chasers lust for newer and better. Cases, workout sleeves, special headphones and even watch bands for certain ipod nanos stormed the market in a manner as epic as the taking of the city of troy. People saw and bought. And then bought some more. And as Apple keeps churning out that nifty product the aftermarket does too. Opportunity is staring you in the face- are you looking for it or coasting on your day job?
-You don’t need to have invented the wheel to feast on it.
Now a lot of these aftermarket products are loosely based on or directly copied from apple products and their licensed partners. However this stopped no one from creating competing consumer goods at a tenth of the price or a little more. The smart business men didn’t even create a product. They seized the moment and simply imported the product and tacked on a great enough percentage to fill their coffers and not tick off potential customers. Even 7Eleven got in on the deal selling products they didn’t own, license, or include in their aggressive marketing campaigns. Yet the products are there to catch the windfall of dollars. Are you catching yours?
-Create value.
Simply put make what they don’t know they NEED. People will buy anything if it solves problems, captures their attention or caters to a whim. The ipad was revolutionary in use size, scope- you name. People use them to fly planes, write novels, see cartoons and even manage small fortune 500 companies. You can just check your email too. But what Apple did here was create something that not only appealed to the masses but had an inherent value in many market places and careers. When you blog, or make cars or take photos at the knicks game if you don’t create something of value you are wasting time.
People don’t buy what is worthless.
People buy vintage not used.
People love innovation.
People hate wasted space.
People hate clutter in purses and backpacks- ipad solves many of these issues.
If you solved but one issue or create even a tiny bit of value you will see success you will have a fan base and a loyal customer base to boot.
-Capitalize on a niche market.
We have more or less covered this folks however I want to be clear.
Apple didn’t stop at computers.
Richard Branson has multiple businesses under one umbrella corporation.
Michael Jackson bought the Beatles rights.
In all three of these examples the victor did one thing he capitalized on a certain avenue or avenues. Branson did it over and over. Heck he still does it! Apple is taking television over sooner than we can expect. And Michael knew the Beatles were almost timeless and used his wealth to double down and added to his paychecks a lifetime of lifetimes in supplemental income. Always
Look for the niche market. What people won’t pay for is a phrasing away from Christmas pandemonium.
See it. Do it.
#thriveorsurvive.
Action is the real measure of intelligence.
– Napoleon Hill #NapoleonHill #Success
Thoughts? Concerns?
Questions? Think I’m wrong?
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Need ideas?
Want to learn how to invite?
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Want a mentor or maybe the guy who will bounce ideas back and forth with you?
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Or simply reply to this article.
#thriveorsurvive
Don’t Reinvent The Wheel.
22 JulToday’s article is going to be random in its cohesiveness but bear with me- it will be cogent by its end.
-What is your mindset?
What is it that you have told yourself you will do? What path have you created for yourself to follow? You see the mind will do what you tell it. And if you supply your mid with a simple concept, a seed idea- it will do the rest. We as entrepreneurs have to learn to keep to the basics. Merely getting the idea in your mind so it is deeply rooted and doing this three to five times a day will cause a tremendous mindset shift. This shift will move you from dreaming about success and wealth to having a wealth of success.
-Are you consistent in your actions? (Not just your speech)
This is a key concept a lot of people gloss over or outright ignore while paying lip service to the concept. Everyday we must do it all. WE must achieve. And the greatest step after mindset creation is consistency. By consistently acting in a manner that exudes business people will come for the ride. When people see that you are the same day in and day out. They will want to be with you. When they know that your actions speak louder than your words, and that the two match- then you will have true success. And I am not speaking of a few quick sales, or some opt-ins for a few weeks. No. I’m talking repetitive sales.
Repetitive growth.
Residual income.
Success.
-Don’t reinvent the wheel.
A lot of times the path before us is ready and right in front of us. If you have joined a team
And the leader/organizer has a blueprint for success- do it their way. Now I know from experience that not all uplines are created equal. And I know that some have no clue what’s going on in today’s marketing world. In fact they may even be half wrong.
But are they producing?
You joined right so it must work. Sorry to say it so crass but its that simple folks.
A mentor in a venture I left consistently does close to a quarter million dollars a year.
For about twenty years.
Recap:
$250,000.00 a year for 20 years.
Total:
Five million dollars aka $5,000,000.00.
His son does a million a year.
I’ll stop the dog and pony show now. Yet if we look at his results and the results of his son we see that the system works when you work it. I made a good profit before I left.
And it was simply from doing what he said. He said hit the ground running.
Act with urgency.
Make lists.
Do self improvement.
And I did everything he said. And it worked. Quickly too. And the only things I did were what he suggested. Heck!, I skipped a few steps thinking I was smart and still made money. Let’s imagine if I had not reinvented the wheel and just followed through one hundred percent…
-Follow through.
That’s it. No long diatribe. No fancy speech. Follow through. In golf it may define your swing. In love it is its definition. In life it is everything. When you don’t finish what you start you are almost worthless. Its equivalent to quitting. And if that’s you- quit the race.
And if its not- you will succeed.
And if it is and you want to change it- I’m here. Let’s win together.
I’ll show you a few tools and some cool concepts- most of which you can implement free. Let’s do it folks.
#thriveorsurvive.
Effort only fully releases its reward after a person refuses to quit. – Napoleon Hill
Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
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Want a mentor or maybe the guy who will bounce ideas back and forth with you?
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Changeinadvance@gmail.com
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Or simply reply to this article.
#thriveorsurvive
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silverfreedom
tee pic and site
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