How To Increase Your Income
Want to increase you monthly income? Well, you have a three choices… 1. Increase the number of hours you work 2. Increase your rate of pay – hourly or salary 3. Get other people to work for you On a high level, these are the only 3 ways we can increase our income. Think about…
What you measure improves
One of the businesses I used to own was a Fit Body Bootcamp franchise. Our goal in the business was to help our members lose body fat and get in the best shape of their lives. We had a lot of success with this goal and it was incredible to witness these physical transformations. To…
NEEDING Money
“It vexes me greatly that you should have found me in need, and… that having to earn my living has forced me to interrupt my work and to attend to lesser matters instead of following up the work which your Lordship entrusted me.” Leonardo Da Vinci I’m reading “Leonardo’s Brain: Understanding Da Vinci’s Creative Genius”…
Getting water to the village
Many years ago, I remember reading a story about a small village in Robert Kiyosaki’s book, “The Cashflow Quandrant.” In the story, the small village didn’t have water so they hired two different people to bring clean water into the village on a consistent basis. The first person purchased two large buckets and would hike…
Warren Buffett’s Pinball Machines
In Warren Buffett’s biography titled “The Snowball,” I found an interesting story from when he was seventeen. He read about an idea of buying a used pinball machine and using the income generated by the first machine to buy additional used pinball machines. So Warren bought a used pinball machine for $25 and went into…
How to Profit When The Stock Market Crashes
Many of us have been through various “market” crashes in our lives. Recent market crashes we’ve experienced would be the tech bubble in 2000 and the real estate and stock market crashes of 2008. Each market crash provides two very important opportunities: 1. Opportunities to learn 2. Opportunities to maximize wealth I, like many others,…
Flip or Rent?
You wouldn’t believe the battle I have with clients over flipping homes vs. renting homes. Everyone wants to buy homes to fix up and resell. Nobody wants to buy a home and hold it as a long-term rental property. The real underlying decision someone considering these two options really becomes: Do I want to become…
Make thy gold multiply
In the book, “The Richest Man in Babylon”, George Clason wrote… “Gold in a purse is gratifying to own and satisfieth a miserly soul but earns nothing. The gold we may retain from our earnings is the start. The earnings it will make shall build our fortunes.” The money we save from our earnings is…