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How a Savvy Investor Chooses an Online Business |
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Written by A.Bornhoft
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Sunday, 20 April 2008 16:28 |
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Not long ago, my husband and I decided to learn how to invest in the Stock Market and Real Estate. We chose to invest the time, energy, and money it took to learn investing. We knew very little so it was a learning adventure to say the least, but has been well worth the "price" it takes to get to where we are today.
by A.Bornhoft
Not long ago, my husband and I decided to learn how to invest in the Stock Market and Real Estate. We chose to invest the time, energy, and money it took to learn investing. We knew very little so it was a learning adventure to say the least, but has been well worth the "price" it takes to get to where we are today.
It's funny to me how many people who find out that we are investing in Real Estate ask us if we are doing ok with the current market. Most people categorize all real estate together with no understanding that there is a big difference between the consumer sector of housing and the investing sector. To many, a loan on an apartment complex must be as scary as a loan on a house because of lack of education on the subject.
Oddly enough, many friends and family have watched us grow, seen our success, and now ask for advice. It's a blessing to help enhance their lives because of our success.
While we continue to grow, I am inexpressibly grateful for where we have come and the principles I have learned through studying the rich and how they invest. That has led to our own growing wealth. As a child, I grew up in a family that was on food stamps and quite poor by American standards. Learning these ideas and principles and applying them to your interest in a home based business will be valuable for your success.
You see, if you want to be rich, you MUST learn the principles that the rich live by. It's not enough to win the lottery - many lottery winners end up worse off, often because the don't feel worthy of their newfound fortune so they squander it or give too much away rather than reinvest.
Because I have been trainined on investing techniques and concepts and have used them personally, I know how important it is to have a proper mindset and what to look for in an opportunity.
The first fundamental principle is that the opportunity must have adequate education - not just product education, but success and business education. The rich choose education over entertainment.
Many people need business education because of the deep fear they have of losing money to the point of paralysis, and others have so much guilt about how they do manage it that they try to drown it with spending. Get a financial education!
Don't brand yourself because of what teachers or educators said about your learning abilities. I know many "C" students and "failures" who have gone on to blow expectations out of the water. Learn financial terms like passive income, compound interest so you can use them to benefit you.
I know some rich people who initially threw out their TV because they knew the time wasted on entertainment was so much better spent education. Laziness will make you sick financially. Learning will make help you reap large rewards!
My company makes sure all of it's members have access to two types of products and education:
A) Marketing Skills Education and products (like software, ebooks, podcasts, etc) B) Business Owner Education and products.
Rarely do business owners (especially new ones) think like owners. Their training has been to think like an employee. Our company educates owners on good business principles and success. If you want to check out the business Click Here.
Almost 60% of all businesses fail in their first 4 years and the statistics are worse at 5 years! The Small Business Administration reports on their website that one of the biggest reasons for this is business owner lack of education!
Another huge reason people fail in a business is lack of marketing skills. I have spoken with numerous Network Marketers who are seriously lacking in knowledge of how to market their business and bring in new associates. Without new customers, they stagnate or fail. That is why this company's product focus is on marketing and education. Click Here to hear the owner talk further about this.
Many people say "Time is Money". That is incorrect. Rich people understand that time is infinitely more valuable than money. You can always get more money. You can never buy back time.
Because time is precious, you must learn to set up systems that allow you to run your business with little effort. In my business, many learn it, then set up systems to market for them, and then they spend time connecting with people, and finally they can "retire" while the system continues to make them money.
It can take time to get to this point but that should be your eventual goal. It's like the Alaskan Pipeline. It took a lot of time and money to get it going but once it was finished and the oil began to run, it was incredibly profitable.
The rich don't work for money - they learn to make money work for them. This principle has revolutionized my life. In reality, at a job (just over broke) you are renting your time to someone else who will never fully reward you for it's true value.
The rich use the power of leverage. In the financial world, leverage is using given resources in such a way that the potential outcome is magnified.
When you leverage someone else's money, time, or effort to get you to where you want to go you have just implemented leverage. This powerful vehicle gets you so much further than being on your own. This is why building a team (in any business) is very important for success. Check out the compensation plan with this business by Clicking Here - talk about huge leverage potential!
If you are like me, you realize how important time is and that your efforts should be worth more than the average salary.
Here are some stats about the Home Based Business industry that make it very exciting:
Every 2 seconds someone new joins the internet community.
Another person joins a Home Based Business every 11 seconds.
And the market for web traffic/marketing products right now is over 100 million. It's a massive market that will only continue to grow.
Because the economy is a concern for many, the Home Based Business industry, more than ever will explode as people look for new income sources.
Click Here for more information on my business. If it is not a good fit for you after reading this, that's fine. Find one that will work for you.
Warrnet Buffet and Donald Trump understand the opportunities available for those in the Home Businesses Industry. Both men have household names synonymous with money. Both of these men recently bought Multilevel Marketing companies. They understand the demand and the market.
In a TV interview, Mr. Trump was recently asked what he would do if he had to start over. His answer was to join a Network Marketing Company. The audience snickered a bit and in true Trump fashion he pointed out that he is where he is today and they audience is where they are financially because he isn't closed off to those types of opportunities.
I am grateful for these financial ideas at work in my life and I am excited to continue to implement them. I am here to help you because I know I get to give back some of my knowledge to help someone else so feel free to contact me about my business.
About the Author:
If you like checking out new businesses or connecting with other people feel free to contact me. You can find my phone number on page 2 of my website.. Grab a totally unique version of this article from the Uber Article Directory |
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