Tag Archives: rich

ASSETS BEAT CASH- ANY DAY

22 Mar

I love these.

#thriveorsurvive.

#thriveorsurvive

You wanna be Rich, or Build Wealth

15 Dec

You wanna Be Rich, or Build Wealth?

Its an easy question. However most people don’t ask it of themselves.
Do you want to be rich, or are you building wealth? You see there is a huge difference between wanting and action.
There’s a few ways to get there. Let’s list them and discuss my favorite(s).

Save.
This is a tried and true method. Every financial planner, adviser, Buffet, or Orman will advise it as a foundation building move or the only move you need. It works. No question. Every dollar you take home should have a portion set aside just for this purpose. 20% should be the goal. In real life that’s a high dollar value for most folks. Start with 5%. If you can’t start with 1%. That’s doable for anyone who is reading this blog on a smartphone, laptop, tablet, or work pc. After you see the ease of saving a percent raise it up to 2%. Then 3% and so on and so on. Its an easy way to get yourself into the savings game.
Just remember that these funds are not to be dipped into. Not for beer, not for friends, not for Christmas.

Build a system.
Want wealth? Want to surpass simple riches and be truly, independently wealthy? There is a key concept to do that for you.
Build a System, that’s it. It doesn’t have to be mlm. It can be a franchise or an online presence based on your favorite hobbies. You may start an llc or get on Kickstarter and get some cloud funding for your favorite concepts you’ve been kicking around in your head. In any case your goal is to build a system. Have a plan. A written one. Have a guideline. Know the costs, revenue projections, long term needs and goals. Everything. Then put that all into a system and make it work. Sweat equity will take you the rest of the way for any dream. If you use an mlm model or direct marketing system that’s cool too. They work. They create millionaires daily. However a system must be implemented no matter what you choose. Systems, are akin to practice-they lead to perfection. When you work the system it works. Cliche sounding but eerily factual.

Pay less taxes.
This will make you infinitely wealthy. When you pay less taxes at any income level you are winning. Billionaire Warren Buffet pays less in taxes than I do by about 20%. Pretty sweet right? Oh, you think that’s unfair, you are entitled to that opinion but until the system changes wouldn’t you rather pay less taxes. Assuming you make 40,000 dollars a year and are taxed at 25% you lose 10,000 dollars right there alone. Then your fica, et al(those pesky deductions) takes a chunk too. However if you could lower your taxable income then you would pay less on all of these. One way to do so is to use tax deferred or pre-tax strategies. My employer offers pre-tax deductions for retirement, metrocards for public transportation, and medical expenses. Essentially you are putting aside, or saving (hint hint) beforehand which the government applauds and rewards. If not seek financial counsel. IRA’s, physical wealth, gold and silver will all be viable options to supplement your 40wk et al and possibly reduce your taxes.
Or start a home based business and garner all those tax deductions and itemized breaks Uncle Sam allots for. Remember its not cheating when the government has created a system to account for all these matters. Work with the government not against it. at the very least you will have more coin in your pocket legally and over the long term you will be wealthy and a lesser drain on the economy, government, and your fellow man.

DO.
This is the heart of it all. A good system, a great dream, even a winning team all mean nothing if you don’t DO.
Factual and concise, without effort you attain nothing in life. I don’t care if you hate Bonds and the steroid users (no implication of guilt, just trying to frame my ideas- sorry professional athletes.)- if they still didn’t work beyond their abilities to get to the top they wouldn’t be the best. Being the best means you work. HARDER. Being the best means you work when the other guy sleeps. You practice after you win the gold- Same night. Those who DO get wealthy. They aren’t just rich. Riches are fleeting and not guaranteed. A lot of people strike it rich off the lottery only to be dead broke, heavily in debt, or plain old dead. The wealthy stay wealthy.
A side note- wealth is also fulfilling your dreams. Not just having zeros in your bank account.

Disclaimer: All advice in this blog, whether fiduciary or otherwise is opinion unless otherwise noted. Seek licensed, and or certified advisers before making your decisions.

#thriveorsurvive.

“Happy are those who dream dreams and are ready to pay the price to make them come true.”~ Leon J. Suenes

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.

MAKE THE POOR RICH?

19 Nov

For today’s article I found myself motivated by an excerpt from the net:

In the words of Florida Sen. Marco Rubio

“The way to turn our economy around is not by making rich people poorer; it’s by making poor people richer.”
(Read more: http://bit.ly/RP1V65)

Now this I found very intriguing.  In this time of peoples unrepressed loathing of the 1% and the Occupy Wall Street movement there seems to be an every growing desire to rob the rich.  Now I know many people are going to ream me for this but I just can’t get with taking from those who built their fortunes.

The rich pay a vast majority of the taxes. 

The rich give the most to charities and non-profits globally (see buffet and gates).

If we are to simply take what they make, what incentive is there to keep making money and giving it as well?

In my humble opinion it is high time we find a way to incentivize people’s efforts to be rich.  Not everyone will make it, not everyone wants to- but wouldn’t the world be better if we all strived for greater gains?  Imagine if Michael Jordan only wanted single digit stats?  If Ali didn’t want to be the greatest? And what if Steve Jobs didn’t insist on perfection?  I think we would have lost as well.  Add Leonardo da Vinci to that mix to my friends and imagine what profound loss we as a species would have.  And it is in this vain that I exhort you to do as Rubio suggests.

Every economy in the world benefits when there are more wealthy folks or even those with healthy bank balances.  So let’s see how you would get there.

*Mind your Business.  Yup- not what your mom said, what Tony says.  Simply put make your own money.  Don’t be a wage slave forever.  If you don’t agree why not simply start a part time business from home?  Extra money in your spare time or a business that sets you free from having a boss is ideal.  The average millionaire was middle to lower class.  It doesn’t always take vast sums of cash to make more cash.  Bloomberg wasn’t born a billionaire but will die one.  He set lofty goals for himself and let his ambition move him beyond simple things.  Id dare say all his dreams have been actualized.  Doesn’t that sound great?  What separates us from him? Nothing. 

*SAVE, SAVE, SAVE.

Can’t find the time to build an empire?  Just not sure that’s what you want?  That’s not a problem.  Its fine actually.  Simply save and live below your means.  Start out trying to put aside 5% every month.  After the bite of this begins to fade up shift to 7%.  After that 10%.  Your goal should be to stash 20% of your take home every month from now to eternity.  Even after you reach your targeted amounts and goals- save more.  In retirement as well, save more.  The greater your capital cushion the easier you will weather the financial storms and the less stress you will feel.  When you hit a financial curve you will pause and then continue your forward motion.  Imagine not worrying about money, because you have an excess.

Your economic future is in your hands.  Therefore why would you not craft the most amazing, dynamic, wealthy personal economy you can?

#thriveorsurvive.

In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.
Confucius

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.

Video 9 Jul

$1,000,000 24k Gold Vacuum GoVacuum GV62711 Is The World’s Most Expensive Vacuum Cleaner (by GoVacuums)

Link

#thriveorsurvive

22 May

Broke is not beautiful.

Link 22 May

Broke is not beautiful.

Image 3 Oct

“If you had seen the writing on the wall in the early 1960’s and started hoarding quarters and dimes while they still were almost wholly silver, you would have found that your dimes were worth a high of $3.57 each. Your quarters would have been worth $8.93 each.”

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