"TEACH ME TO BE RICH"

THE FOUNDATION OF WEALTH

Robert Kiyosaki said "teach to be rich..... because the best way to learn is to teach what you want to learn and the best way to get rich is to help others become rich". Well, I'm not sure I have enough time to post all that needs to be taught on how to get rich. But, I will share my life story in short with you. Ya see rich is not all about how much money you got in the bank and if you asked me......well I am flat broke!! But I am rich, healthy, wealthy and satisfied with life its self.

A lesson I once learned "Give a man a fish and you feed him for a day but teach a man how to fish and you feed him for life". You see this positive way of "give and you shall receive" motivates the behavior of giving and not taking. Success breads success, money makes more money and the wealthy know this. Follow the money! It is raining money everywhere, but you just need to be taught and learn where to put your bucket!

Let's take banks for instance they are in the business of moving money and they do it well. As a successful business entrepreneur you need to learn how the financial world works. Successful wealth is created by earning income, investing, sheltering income and paying taxes after expenses not before.


The Foundation of Wealth looks like this:

When I exited the Army I knew I did not want to be employed. I bought half of my fathers business and learned how to "follow the money"! The benefits of being your own Boss will begin changing your life as soon as you start using these strategies.

All wealth begins by taking control of your life. The control of your future and your family's financial future is within your reach. Take it! It is your right!

SUCCESS BLUEPRINT-MONEY SAVING STRATEGIES

LIVING WITHIN YOUR MEANS

In today’s blog, I’ll be discussing money-saving strategies. Here are the ways you can spend your hard-earned money and still save enough to maintain the quality of your family’s life:

Live within your means.
Avoid being with “big spenders”.
Look for the best value.
Have a plan. A budget.
Build a savings account.

Let me explain these in a little more detail. First, learn to live within your means. I’m not even going to try to tell you where you have to cut spending. You should probably know that. But I am going to give you some strategies you can use that have worked for other people.

Second, don’t let others dictate your spending limits. You probably have friends who are “big spenders”…You know who they are and you what you do when you’re with them. When you go out with them, you know you may be spending too much just to keep up with their lifestyles. Just find another activity to share with them that’s not so costly. If necessary, take only a little cash and no credit cards when you go out with these folks. That way, you can’t overspend. Don't try to keep up with the "Jones's".

Third, if possible, always look for the best value. Shop around. It’s often possible to find high quality and low cost in the same product else where. Paying a high price is no guarantee that you have bought a quality product. Just remember that paying more for a higher quality product can save you more in the overall long-run. But don’t forget to do your homework before you buy high-ticket items of any kind no matter the market. Check other retailers for lower prices of same product.

And lastly, always have a plan. Much of your spending is by habit rather than by conscious decision. You need to really look at what you spend and where you spend it when you are deciding where to make your cuts. Get with the family and map out a budget. Start a saving account and build on it with each pay check. I suggest you put at least 10% if not more.

Also keep in mind as you go through these strategies and you follow-up on these strategies that they are general concepts and they may not apply to all of your particular needs. Your plan can be flexable and may require change later. We’ll take a closer look at the steps and methods involved in reaching these goals in our next several blogs on this topic.

Stay focused and follow your plan!!

SUCCESS BLUPRINT-THE FOUNDATION FOR SUCCESS

A FINANCIAL FRAMEWORK FOR SUCCESS

Building needs a good foundation and a frame work for the structure to remain standing. Many have written and have styles for this subject. In this post I will just share some ideas and techniques I have used in my entrepreneural success.

Find a simple turn-key system to reach your financial freedom. Harness the Power of Your Mind, explore all the options available to achieve a secure financial future. Doing anything for the first time can be scary so that is why your knowledge becomes the foundation to success.

The key to successful investing is to make educated, calculated risks. The safer you feel and the more control you have the more likely you'll take action and achieve success. Successful investors minimize their risks and maximize their gains.

I want you to invest with proven, time-tested strategies that greatly improve your chances of making money. Why rely on chance when you can rely on education and research to make a fortune?

Successful investors, don't just know how to make money; they also know how to keep their money. That's why money alone can never make anyone happy or successful. If you don't already have a stable financial foundation, you are going to have to change. Cut back on expenses and payoff debt or change how you handle, save, and spend money. The following six items can be used to guide and change your physical and mental thinking about money.

• Decide to change for the rest of your life
• Find a reason to change-give your self a reason, no other option.
• Commit yourself to success right now! Take massive action now.
• Spend wisely. Spend less than you make and save. Budget!
• Track your spending. Write done your daily income/expenses save all receipts.
• Eliminate the negative. Don't let anyone steal your dream!

Money is an important ingredient in happiness, but it's not the only ingredient or the most crucial one. Just remember the solution to your problems is not making more money but managing your money wisely. You will never be broke if you spend less than you earn, but you will always be broke if you spend more than you earn even if you earn millions of dollars a year.

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort!
-Franklin D. Roosevelt

Take action today! Ready? Let's go.........

DETERMINE YOUR GOALS AND DEVELOP A PLAN

Don't wait another minute....sit down right now with your family and determine your financial goals. Planning is the first step towards wealth creation and reaching financial objectives. Most of us don't ever plan to fail....we fail to plan.

Many of us think of creating this estate and passing it on to our children and grand-children, and we have great goals but never put a plan in action. The first step to building this wealth legacy is to get your family involved. Ask them the question, "what's important to them?" and how to meet the goals of your wealth preservation. Once you have the goals outlined start designing the plan.

Things to consider: wealth transfer plan, estate protection, estate taxes, charitable gifting, long term care plan, burial and funeral plans, medical care plans, wills and inheritance distribution, are many of the specifics one should consider as you develop your estate to protect more of your wealth and income. Planing now will help you keep more today and give more when you "walk out on life" tomorrow.

Engage the services of a competent professional before making decisions regarding your financial objectives.