BUSINESSACHIEVERSACADEMY.com
...in pursuit of Excellence, Integrity and Principled Prosperity
WEALTH RX---------------------------------------------------------------------------------
a CRISIS - When we look around at the financial turmoil that the majority of the population seems to suffer (no savings / huge credit card debt / job losses / bankruptcies / retiring at or near the poverty line), it's often difficult to think of prosperity and abundance - and yet, our economic survival depends on this major 'shift' in our mindset.
Quick RETIREMENT Calculation - a look at the REALITY =>
What IS Wealth?
The much deeper meaning of wealth is - our health, happiness, relationships, knowlege, our own safety, comfort, liberty, material possessions. Wealth is really not MONEY - Wealth is 'what money will buy'. Perhaps an even better definition of wealth is - aligning our values and our principles - as a community - with our WELL-BEING (personal / professional / spiritual / environmental and financial). For our purposes, we will concentrate a little more on the latter element.
Quick RETIREMENT Calculation - a look at the REALITY =>
The CHALLENGE - To find the 'best' ways to - manage our finances - accumulate assets - build net worth - acquire wealth - not only to be able to 'retire' comfortably, but to become Financially FREE - so that we can create a better future, live better lives and build a better world.
What IS Wealth?
The much deeper meaning of wealth is - our health, happiness, relationships, knowlege, our own safety, comfort, liberty, material possessions. Wealth is really not MONEY - Wealth is 'what money will buy'. Perhaps an even better definition of wealth is - aligning our values and our principles - as a community - with our WELL-BEING (personal / professional / spiritual / environmental and financial). For our purposes, we will concentrate a little more on the latter element.
IIIII Wealth Rx
FINANCIAL FREEDOM means different things to different people. For some, it's simply having more money coming in each month than what's going out. For others, it is - paying their bills on time - being able to buy what they need, when they need it - being able to cope with any financial emergencies - enjoying freedom from money worries. For still others, it's complete financial independence and abundance.
Let's consider a Wealth Rx...
When it comes to a proven "prescription" for FINANCIAL FREEDOM, our Academy focus is on the B-I-G picture. To begin our journey, we should always ask ourselves these 3 critical questions:
1)=> Do we have a strong WEALTH CONSCIOUSNESS (enough understanding of what it is that "creates" Financial Freedom)?
The TEST :
=> a)- We MUST be able to leverage our Time + Effort + Money
=> b)- We MUST be able to develop multiple streams of PASSIVE Income.
----------------------------------------------------
FINANCIAL FREEDOM means different things to different people. For some, it's simply having more money coming in each month than what's going out. For others, it is - paying their bills on time - being able to buy what they need, when they need it - being able to cope with any financial emergencies - enjoying freedom from money worries. For still others, it's complete financial independence and abundance.
Let's consider a Wealth Rx...
When it comes to a proven "prescription" for FINANCIAL FREEDOM, our Academy focus is on the B-I-G picture. To begin our journey, we should always ask ourselves these 3 critical questions:
1)=> Do we have a strong WEALTH CONSCIOUSNESS (enough understanding of what it is that "creates" Financial Freedom)?
The TEST :
=> a)- We MUST be able to leverage our Time + Effort + Money
=> b)- We MUST be able to develop multiple streams of PASSIVE Income.
----------------------------------------------------
2)=> Do we have the right MINDSET for financial success? Do we have a dream, fired with desire - or are we stuck in a 'lack' mentality -vs- one of 'abundance'? Are we focused, clear, confident, determined, energized and fully committed to 'becoming' Financially Free, doing something we love doing?
----------------------------------------------------
3)=> Do we have the right VEHICLE or Strategies in place + the right people around us - to make it all happen (to take the action to get the result)?
2)- Starting an INVESTMENT Program (Stock Market / Real Estate / Mutual Funds / Tax Shelter Program / Joint Venture / etc)
HOME BUSINESS Industry / Most Popular
Small BUSINESS OWNERSHIP is the major trend right now. This have been sweeping across North America like a hurricane, and growing at warp speed, globally.
This industry has been 'booming' - as more and more people search for the comfort, control, convenience and lower costs of working from HOME - particularly on the INTERNET. It has pretty well been proven that 'nothing' - not personal real estate - not the stock market - not gold - rare art - coins - stamp collections - vintage autos - family heirlooms => nothing has brought prosperity and financial independence to as many people as has business ownership.
In the pages ahead, we will examine only four ((4)) different kinds of Income Producing Business VEHICLES - ones that have the 'possibility' of generating long term (passive) RESIDUAL income streams. There are others - but these 3 will be profiled here.
----------------------------------------------------
3)=> Do we have the right VEHICLE or Strategies in place + the right people around us - to make it all happen (to take the action to get the result)?
--- The Wealthy - Donald Trump, Warren Buffet, and Robert Kiyosaki all agree that there are two [2] ways to really create wealth => 1)- Own your OWN business => 2)- Have your money working hard 'for' you, from different sources [multiple streams] - because unless you are making money 'in your sleep' - and your net worth is growing without you actually working for it [leverage / passive income], you do not understand what the ultra-wealthy know and what they do daily to build 'their' wealth.
Diversification - a cardinal RULE of wealth creation is to NOT have all of our eggs [of the same color] in one basket.
Note - This TEST [for both Leverage + multiple streams of passive income] must be applied to every wealth Vehicle being considered! Ok, let's expand on the VEHICLES:
Diversification - a cardinal RULE of wealth creation is to NOT have all of our eggs [of the same color] in one basket.Note - This TEST [for both Leverage + multiple streams of passive income] must be applied to every wealth Vehicle being considered! Ok, let's expand on the VEHICLES:
Wealth Creation VEHICLES
There are numerous ways to become financially successful and free. Unless someone has won the lottery or a lawsuit or inherited an estate - these tend to fall into 3 broad categories for most of us...
1)- Building BUSINESSES (brick & mortar biz / Internet-Affiliate biz / Network Marketing-MLM Home Biz / Website biz / Franchise / Direct Sales / HYIPs, etc)
1)- Building BUSINESSES (brick & mortar biz / Internet-Affiliate biz / Network Marketing-MLM Home Biz / Website biz / Franchise / Direct Sales / HYIPs, etc)
2)- Starting an INVESTMENT Program (Stock Market / Real Estate / Mutual Funds / Tax Shelter Program / Joint Venture / etc)
3)- Some COMBINATION of These - (Hybrid Investment / Business Plan / Portfolio Biz Strategies, etc).
Regardless of our age, education, skills or current financial situation - we can use the Financial Freedom "prescription" (Wealth Rx) above to achieve greater success and happiness, accumulate wealth and fund our causes, with any category of legal / ethical Vehicle shown.
HOME BUSINESS Industry / Most Popular
Small BUSINESS OWNERSHIP is the major trend right now. This have been sweeping across North America like a hurricane, and growing at warp speed, globally.
This industry has been 'booming' - as more and more people search for the comfort, control, convenience and lower costs of working from HOME - particularly on the INTERNET. It has pretty well been proven that 'nothing' - not personal real estate - not the stock market - not gold - rare art - coins - stamp collections - vintage autos - family heirlooms => nothing has brought prosperity and financial independence to as many people as has business ownership.
In the pages ahead, we will examine only four ((4)) different kinds of Income Producing Business VEHICLES - ones that have the 'possibility' of generating long term (passive) RESIDUAL income streams. There are others - but these 3 will be profiled here.
A fifth might well be DIRECT SALES (such as in the Insurance and Real Estate industries - or Top Tier programs), as many have amassed wealth there as successful sales professionals, to be sure. However, with the exception of Insurance - those are typically not RESIDUAL income producing businesses.
Experts Tell Us - Some of the top minds and greatest successes in the world, tell us the same story. Here are just four of them...
I-- J. PAUL GETTY (late oil billionaire - author of - 'As I See It')
"...You will never achieve true financial security or build real wealth working for someone else. You must 'be in business for yourself'. You must have exclusive products and services - that are 'consumable', affordable, and that appeal to the masses. You must offer excellent guarantees and exceptional service. You must build your 'own' success upon the success of 'others' (leverage / diversification)..."
--------------------------------
II-- ZIG ZIGLER (motivator, author of best-seller, 'See You at The Top') "...You can get everything in life you want, if you first help enough other people get what they want (leverage / diversification)..."
---------------------------------
III-- ROBERT KIYOSAKI (author of best-seller 'Rich Dad, Poor Dad')...
---a) - "...The richest people in the world build networks -- everyone else looks for work..." Meet RK =>
- the B Quadrant
---(b) - "...To acquire wealth and freedom, you need to start by shifting your 'thinking' from the LEFT side of the Quadrant (Employee + Self Employed) -- to the RIGHT side of the Quadrant (Business owner + Investor). Those on the "left" side have income potential that is 'finite', limited to their own ability and their personal time to perform.
The definitions of these four Quadrants are important. As an Employee, you 'have' a job. As a Self-employed person, you 'own' a job. As a Business owner, you have a 'system' (such as a franchise or Home Biz) that produces cash flow for you. As an Investor, your 'money' works for you. Rich people get more than 70 percent of their total cash flow and income by being positioned in both the "B" and the "I" Quadrants (the right side of the Quadrant).
Those on the "right" side operate as a team - their income is 'INfinite' because they form their own NETWORKS, and their success is based on other people's time, money and effort..." (from another of RKs best-sellers)...
The book that explains it - 'The Cash Flow Quadrant') =>
The ultimate goal here is to achieve Principled Prosperity. It rests in an intelligent understanding of the real meaning behind the CASH FLOW QUADRANT.
---a) - "...The richest people in the world build networks -- everyone else looks for work..." Meet RK =>
- the B Quadrant---(b) - "...To acquire wealth and freedom, you need to start by shifting your 'thinking' from the LEFT side of the Quadrant (Employee + Self Employed) -- to the RIGHT side of the Quadrant (Business owner + Investor). Those on the "left" side have income potential that is 'finite', limited to their own ability and their personal time to perform.
The definitions of these four Quadrants are important. As an Employee, you 'have' a job. As a Self-employed person, you 'own' a job. As a Business owner, you have a 'system' (such as a franchise or Home Biz) that produces cash flow for you. As an Investor, your 'money' works for you. Rich people get more than 70 percent of their total cash flow and income by being positioned in both the "B" and the "I" Quadrants (the right side of the Quadrant).
Those on the "right" side operate as a team - their income is 'INfinite' because they form their own NETWORKS, and their success is based on other people's time, money and effort..." (from another of RKs best-sellers)...
The book that explains it - 'The Cash Flow Quadrant') =>
The ultimate goal here is to achieve Principled Prosperity. It rests in an intelligent understanding of the real meaning behind the CASH FLOW QUADRANT.
---(c) - "...The 3 best ways to get into a business of your own: (1)- Buy a large, already successful business (like a Staples - not a 'mom & pop' store) -- (2)- Buy a successful large Franchise (like a Wendy's) -- (3)- Start your own business at home (but choose one that will provide you with an environment for life-changing business education + strong mentorship...") - from a current best-seller, 'The Business School: For People Who Like Helping People...').
-------------------------------------------------------------------
Self Employment? - Yes, as attractive as Self Employment may be (and it can be) - it is still "trading HOURS for DOLLARS". It is ((linear)) revenue - there is usually little or NO ((passive)) income - let alone 'multiple' income streams. And this is exactly why SO many solo business professionals encounter high stress and burnout (dentists, physicians, chiropractors, attorneys, surgeons, corp executives, professional coaches, trades people, small business owners, etc, etc).
The Self Employed are must continue to BE there [working] to create their incomes. Many have what they believe are magnificant and satisfying chosen careers - and that's wonderful. BUT when they get sick - or are in an accident - or get shut down - or go on vacation - or are sleeping - their income basically STOPS. Many make very large incomes, but many also have expensive lifestyles, max out their credit cards, owe high taxes, face heavy workloads. Self-employment is on the LEFT side of the Cash Flow Quadrant above. Ideally, the "ultimate" place to be is on the RIGHT side - OR at least to take steps to diversify, so that multiple streams of ((passive)) income will result.
-----------------------------------------------------------------
-------------------------------------------------------------------
Self Employment? - Yes, as attractive as Self Employment may be (and it can be) - it is still "trading HOURS for DOLLARS". It is ((linear)) revenue - there is usually little or NO ((passive)) income - let alone 'multiple' income streams. And this is exactly why SO many solo business professionals encounter high stress and burnout (dentists, physicians, chiropractors, attorneys, surgeons, corp executives, professional coaches, trades people, small business owners, etc, etc).
The Self Employed are must continue to BE there [working] to create their incomes. Many have what they believe are magnificant and satisfying chosen careers - and that's wonderful. BUT when they get sick - or are in an accident - or get shut down - or go on vacation - or are sleeping - their income basically STOPS. Many make very large incomes, but many also have expensive lifestyles, max out their credit cards, owe high taxes, face heavy workloads. Self-employment is on the LEFT side of the Cash Flow Quadrant above. Ideally, the "ultimate" place to be is on the RIGHT side - OR at least to take steps to diversify, so that multiple streams of ((passive)) income will result. -----------------------------------------------------------------
IV-- SANDY BOTKIN (CPA, Esq. / Tax & Legal Specialist / CEO, TRI [Tax Reduction Institute], USA)
"...A HOME eBusiness is now considered the #1 FINANCIAL STRATEGY alone, in North America. ==> "...If You Don't Have a Home-Based Business, Start One Today! -- The tax advantage alone can make it the best financial move you could ever make!..."
Take a look at Botkin's straight-talking advice =>
=> 
Now, let's examine closely, the four (4) different VEHICLES...
"...A HOME eBusiness is now considered the #1 FINANCIAL STRATEGY alone, in North America. ==> "...If You Don't Have a Home-Based Business, Start One Today! -- The tax advantage alone can make it the best financial move you could ever make!..."
Take a look at Botkin's straight-talking advice =>
=> Now, let's examine closely, the four (4) different VEHICLES...