Thursday, January 28, 2010
Hard Facts, Scary Realities and Exciting Opportunities
This letter was sent to me by my friend George Allan.
George is a self-motivated online marketer and is very
successful at what he does. He's a person who can be relied
on to shoot straight with you at all times. Take his advice!
Pass this letter on to your relatives, friends, neighbors and
co-workers. The information in the letter concerning our country
and economy is very important to every American citizen. Read
this letter and pass it along. They can view it on this blog at;
http://the-letter-you-need.blogspot.com/
The letter starts here...
==========================================
Hard Facts, Scary Realities and Exciting Opportunities
Don't you just hate it when people say "Yeah we are all having it hard
because of the economy." What has that got to do with you and
your bills and your problems. Is it suppose to make me feel any better
because everyone else is having it hard.
Apparently so...because that's what's being "Bombarded" on the
news everyday.
But, tell that to creditors who keep calling... What you need is ...answers,
not a pat on the back ...or some kind of make me feel good talk.
It's like they are trying to put a "Band-Aid" on a Big Flood and they are keeping
their eye only on the band-aid.
I think you will enjoy this "eye-opening report".
"This short report is being shared with thousands of
people worldwide as people send it to their friends and
loved ones.
The reason why it's so popular is that it makes sense. It's not an
academic hypothesis and it's written by someone who had a lot of
experience in different jobs up until the age of 42, when he got into
his own business and became set for life.
Let's get serious about your finances. Let's talk
straight and cut to the chase. You know that more than
ninety percent of your problems can be removed or
alleviated with more money.
You know that you have tried different ways to solve your problem. This
report is meant to share some hard facts and scary realities about your
financial security, and then some exciting opportunities or SOLUTIONS.
What is the problem?
Let's look at what's happening in the world around you
right now. A recent study revealed that the average 50 year old has
only $2,300 in savings. The experts say that you need at least a
million dollars in savings to earn $50,000 a year in retirement.
I don't agree with that, and you'll see why, later. The
reality is that there's a much easier way! "At age 65,
90% of all people who retire in the United States have
$2,500 or less in savings", according to J.M. Fogg,
renowned author and entrepreneur.
Technology is improving productivity at the expense of
jobs. First the blue collar jobs in the 80's. Then the
white collar jobs in the 90's. Today the average worker
puts in nearly three more weeks at the office per year than
workers did 25 years ago even though jobs are being
eliminated. Over half the jobs lost in the 90's are gone
forever.
Statistic show that 90% of Americans are three months away
from being flat, out-on-the street broke. At the same time
the U.S. Labor Secretary says, "No one's job is secure in
the new economy, from the corporate chief executive to the
ordinary worker." The changing work place, automation and
robotics, out-sourcing and the like is making blue collar
jobs become extinct.
Think about white collar jobs? The concept of middle
management is nearly obsolete. Companies compensated for
flat earnings by slashing away at managers making $35,000
to $100,000 in salary. How were these people rewarded for
theirs years of hard work and loyalty? They weren't, and
you can bet that they are eager to be in control of their
financial future from now on.
More and more white collar workers will soon be unemployed. If this hasn't
happened to you, we are certain it has happened to your neighbors, co-workers,
family and/or friends. Small to medium business owners no longer want to
employ people in the traditional way, due to soaring unemployment insurance
costs, lawsuits and government protection of employees.
The fastest way for business owners to cut costs and
increase productivity is to fire the long-time, higher paid
employees, and replace then with young, eager, low-paid
people, often immigrants, who have a very good work ethic.
This is a known fact. The longer you're in a job, the less
security you have. Money problems rob us of security,
dignity, time with family, our health, peace of mind and
quality of life.
The results of money problems are myriad : depression,
divorce, bad relationships, stress, illness, loss of
dignity and self esteem, family relationship problems,
aggression, escape into gambling, drugs and immorality, and
on and on and on.
What Is The Solution?
And so we start to look for alternatives, and all of a
sudden, we're faced with thousands of options, each of
which promises us great success! I have been attending
Franchise Trade Shows for 17 years and I am always
astounded at the amount of scams being openly perpetrated
on the unsuspecting and vulnerable victims there. Rip-offs
and scams are so widely available that many people lose
everything.
One of the "solutions" offered to us is Network Marketing
or Multilevel Marketing. While some people do make money,
the vast majority of people getting into MLM do not.
According to Homebizhearts.com, "more than 2 million
networkers have been victims of failed network marketing
programs.
They were working against factors that they did
not fully understand. During this period, another 2 million
have switched programs.
There will always be from 75-90% of all distributors not breaking
even on personal qualifying purchases or earning a profit." Although
this opportunity is legitimate, I do not recommend MLM. But that's just
my opinion.
We are also offered sales jobs where we're told we'll be
our own boss. Most people are not salespeople to start off
with. But we get persuaded that it's easy! The fact is a
salesperson is not a business owner and definitely not an
entrepreneur.
Real Estate Agents (independent contractor salespersons)
spend about $1000 to go to school. They spend $250-500 to
get their license. At least sixty percent drop out without
ever selling a house.
Easy research here, talk to anyone in the real estate
business! Life insurance Agents (independent contractor
salespersons): Spend several months in On the Job training
and in many states have to take an exam and pay for it.
Sixty percent or more only sell one life insurance policy
and that is to themselves. Most fail. The same goes for
mortgage brokers, and the failure rate of car salespeople
is 80-90%.
We know that 88% of small business fail in the first five
years, and of the remaining 12%, another 85% will fail in
the next five years!
This looks pretty negative, doesn't it? Yes, it does look
bad, because it is bad. Honest, hard-working people seeking
solutions get ripped off and lose their money and savings
and end up in debt. This is especially true of immigrants,
who are even more vulnerable.
People borrow money from their aged parents and relatives
and get into debt to get into business, then fail, and
their parents often never recover.
They have tried to solve their financial problems by getting into
business, and they have gone "from the frying pan into the fire".
We need the right recipe for security.
When the wall street gurus who are trying to sell you stocks
and bonds and insurance products, tell you that you need a
million dollars in the bank so that you can retire,
they're NOT telling you that there is a much easier
alternative, because they want the commission!
How about if you could create increasing passive income to
the amount that you need to live comfortably? If you
haven't read "Rich Dad, Poor Dad" by Robert Kyosaki, now
is the time! This is not just my idea.
If you had a regular income stream coming in every single
month, and you could live on it comfortably, you wouldn't
need a million dollars in the bank, and it's much easier
to create the passive income (that's income you don't
have to work for) than to save millions of dollars, right?
Also, if you're self employed, that means that you earn
money in your "business" by working every day and selling
your products and services, what will happen if you get sick
or injured?
What will happen to your income when you go on
holiday? If you're a realtor, you have simply created
another JOB (Just Over Broke) for yourself. You don't have
a business -- you have a job.
Most Business Owners" are really simply salespeople who
are "self employed". We need a business where we can
duplicate our efforts and leverage our resources, so that
the business can run without us being there and working. A
real business.
Until you create a real business that you work "ON"
instead of "IN", you live on the precipice of financial
failure and disaster!
That's true. There are many, many people out there who
don't realize that they will NEVER be able to stop
working, because they will never create passive income.
When your health fails or you get injured or lose your
energy and mojo, guess what? You'll stand to lose
EVERYTHING.
That is the reality of your situation and the situation of
millions of other people, right now. What do you think
about that? Scary, huh? Very scary, unless we do something
about it. What to do? I'll show you, right now.
What will give YOU security and peace of mind,
and how badly do you want it?
On a scale of one to ten, one being "I don't care" and
ten being "whatever it takes, baby!" I'm looking for
TWELVES.
Here's what you need:
Get out of Debt.
Increasing, passive income, from different sources, equal
to double what you need to live comfortably.
As much insurance as you can buy and need (health, critical illness,
disability, life, homeowners, etc.)
Let's look at that.
It's not necessary to explain that you have to get out of
debt.
Insurance is cheap when you look at the return on
investment, especially life insurance. Make sure you use a
good broker and do your homework. compare rates. Get
referrals from successful friends.
The passive income is what we're going to discuss now in
more detail. This is what will get you out of debt and pay
for the insurance, after all.
Creating set for life Income:
Obviously, you need to find a way to create on-going,
passive income from different sources, so that you don't
have "all our eggs in one basket". And the way to do this
is through businesses, not jobs.
You want to be in a position where you spend very little
time making sure the money keeps coming in. The stock
market has proven itself to us. Most North Americans have
had that wake-up call. Beware the financial planners who
sell you investments.
The best investment is your own business. That means YOU
OWN the business, but it doesn't mean you have to RUN the
business yourself!
You know that it's best to use Other Peoples' Money,
Other Peoples' Resources and Skills and Other Peoples'
Time and Energy.
You want to take the minimum amount of risk.
You want the best and fastest possible return on your
investment.
You want to protect yourself legally from being sued and/or
ripped off by other people.
You know that you should use your brains, not you hands or
your time, in business. Leverage other people. Duplicate
yourself in others. That's what smart business owners (the
real entrepreneurs) do!
Looking For A Way To Retire Early? CLICK HERE!
http://ddp1.com/go.php?1471-1
Yet, they know that the only way they can achieve true
security and solve 90% of their problems, is through owning
their own successful business. I understand that, because
that's exactly where I was when I got into business for
the first time at the age of 42. I hated my job, was just
making it on a double income in a new marriage and knew I
had to break Free.
I was offered a business opportunity which my wonderful
wife and I fearfully accepted. Ten years later, we were
making big money. I am passionate about helping people get
into their own businesses and succeed.
Owning your own business can be a wonderful experience that
can help you grow and self-actualize as a human being, reach
your financial goals and create security and peace of mind
for you and your family, while at the same time creating
unprecedented freedom and joy .
But it has become clear to me over the years that not
everyone should be in his or her own business .
For example, if you're happy in your job, fulfilled and
secure, and you know that you will be able to retire with
security and dignity one day, you probably don't
need a business.
And, as we go through this article, it will become clear to you
whether or not owning your own business is right for you.
One of the criteria for success in business is self-discipline. We all
know that. Enthusiasm, passion and hard work are essential. Now you
may not feel that you have these qualities in abundance in your present
line of business or your job.
That may be because you're in the wrong job or business.
Just think of this. If you were going on your dream holiday
tomorrow, and it has been fully paid for and you're really
excited about it, how would you react when your alarm clock
went off in the morning? Would you roll over, hit the snooze
button and go back to sleep?
Or would you leap excitedly out of bed, eager to get going
on your dream holiday? See, if you love what you do and you
really believe in it, it's easy to be self-disciplined,
passionate and hard working. So it is essential that you
choose the right business to buy. The right business for
YOU, that is.
We should have fun and make money in our businesses. I'm
sure you'll agree with that?!
To some people, getting into their own business and buying
a business is pretty scary. The amount of risk they
perceive is frightening. I understand that. Like when you
hear a strange knocking coming from under the hood of your
car, or when your computer starts doing strange things.
Fear is related to the unknown. We make mental pictures of
results we don't want, so we imagine all sorts of horrific
things happening. The car blowing up and costing thousands,
the computer losing all our important data.
Then we tend to exaggerate those results. We imagine how
we'll be fired from our jobs because of the lost data, and
eventually our fertile imaginations show us even worse
results. Fear makes us emotional and illogical.
The way to overcome false and unfounded fears is to obtain
information. When a computer expert shows us how we can
solve the problem with the push of a few buttons, or an
expert mechanic chases the squirrel out from under your
car's hood, we see that FEAR is often the result of False
Expectations Appearing Real. So let's give you some
information that will eradicate some fears for you right
away and help you make logical, unemotional, well-founded
decisions.
First of all, let's debunk 8 common Myths.
Many of us believe things about business that are simply
not true. These false perceptions can rob us of success.
The get rich quick schemes that tell you that you can earn
a fortune with very little work in a few months are often
touted by people with no money.
I recently talked with a so-called "business consultant/
coach" who had bought a course for $40,000 which taught
him how to be a business expert in three short weeks.
He had worked in various government jobs all his life and
he was suddenly pitching himself as a business expert. You
can't buy experience. You can't become a business coach
or a personal coach by spending $40,000. Be very careful of
whom you take advice from.
Here are the Eight Myths of Business:
1. You need special education to succeed in business
Not true.
The truth is, many successful business owners dropped out of high
school. We support self-education, learning from successful mentors
and reading the right books. You need to be in the right business and
you need the right attitude.
The more you learn, the wider your frame of reference. Learning is very
important, but it is not a requirement to succeed in business.
The only MBA that really counts is a Massive Bank Account .
Many professors, who tell you how to run a business and make
money, have failed in business and have no money themselves.
That's not true of them all, of course. You can buy the
information you need. You don't need to be a lawyer; you
can hire one. You can hire the skills you need.
2. The more you pay for a business, the more money you will
and can make. Not True.
The truth is, the more you pay, the more debt and risk you
carry. I know of a man who paid $25,000 for his business
and now earns over a million dollars a year. And he gets to
sleep well at night, because he is not in debt and very low
overheads.
There is not always a correlation between what you pay, and
how much risk you take, and how much money you can make.
3. My Bank Manager will give me good business advice. Not True.
The truth is, if your bank manager understood business and was a true
entrepreneur, he'd have his own business and he'd be making real money! He
may be a good banker. So let him tell you about banking.
Rather take advice from people who have succeeded in business. Often I
present a business opportunity in a consultation or seminar and people go
straight to their bank managers for advice. That's like asking a virgin
about childbirth.
There are many CEO's and Presidents of business who know a lot about financial
statements and board room negotiations, but very little about business. In other
words, they have no "street smarts" and would likely fail in a real business. So
don't assume that positions, academic achievements or titles equate to
experience or ability.
4. It doesn't matter whom you buy a business from. Not
true.
Sure it does. Buying from a reputable business expert, who
actually understands business and can PROVE it, is a smart
move. The person introducing the business and the person
selling it should be honest, ethical and good at what they
do. They should have a successful track record.
5. You have to be a salesman to own a business (or
understand law, accounting or e commerce.) Not true.
As I said before, you can hire those skills. Henry Ford
did. You don't need to buy an airplane to fly to LA - you
rent a seat. Any skill can be bought.
You can find a lawyer, accountant, or webmaster anywhere. You
can hire a salesperson or pay them for results - commission only.
6. Only rich, intelligent and experienced people succeed in business. Not
true. There are a lot of stupid, inexperienced people who grew up poor, making
millions.
Business is not complicated. It's easy. Or, shall I say, as easy
and simple as you make it.
7. It takes a long time to make money. Not true.
You can do a deal tomorrow that makes you rich. Time has nothing to do
with creating value. Years ago, I did a deal that increased my income in
one profit center from $3,000 to $11,000 in four days.
There are no limits on your business except those in your own mind. If
you sell five sandwiches, you can make fifteen dollars. If you find a way
to sell sandwiches to a thousand people, you'll make a lot more. If you
sell diamonds to a thousand people...
We simply have to find ways to offer more value to more
people and then duplicate the process. Your business is a
money machine, the goose that lays the golden eggs. You
want to be sure to buy the right goose!
8. You can do it all alone. Not True. Together, we can do amazing
things. You can make much more, much faster, by working with other
people, as long as they're good people.
Joint Ventures, Strategic Alliances and the Mastermind concept are the
best forms of leverage available.
As I said, the amount of money we make is in direct
proportion to the amount of value we create for others.
Zig Ziglar said, "You can get anything you want out of life, if
you're prepared to help enough others to get what they
want."
So, Why should you consider getting into your own business?
Things are changing. Jobs don't last forever anymore. The
so-called "security" of having a job no longer exists.
And the older you get, the more likely you are to lose it
to a younger person or an immigrant who will work harder
and accept much less money...
And with jobs getting sent offshore to India and a China in
ever-increasing numbers, automation, downsizing, unexpected
changes and the increasing cost of living, people are
realizing that getting a job and keeping it isn't what it
used to be!
We used to think that our education would guarantee us a
job. That is no longer true.
More and more, people are realizing that they're just
getting deeper and deeper into debt, even with two jobs, as
a result of the changes in the economy,
Medicare and government cutbacks. Line-ups for specialist medical
attention and operations are the order of the day in Canada and England.
Taxes are brutal. What to do?
And it's not about the money; it's about the lifestyle,
freedom and dignity that money can buy for us and our loved
ones. Money does buy time with those you love.
It gives us the opportunity to become the best we can be and fully
enjoy life. Believe me, I've been rich and I've been poor, and rich is
much better. The only people who say, "Money is not important", are people who don't have any.
If you've read Robert Kiosk's "Rich Dad, Poor Dad", and
played the Cash flow Game, which I highly recommend you do,
you'll agree that one has to get out of the Rat Race and
start earning passive income through your own business
ASAP!
If we keep on doing what we've always been doing, we'll
keep on getting what we've always been getting. So we all
realize that something has to change.
And your circumstances will only change when you change. We can't
solve our problems with the same mindset that created them.
The obvious choice is to get into one's own business.
But we've seen so many people get burnt and heard so many
horror stories, that we shy away from buying a business and
sink deeper and deeper into debt.
We make a living and survive instead of designing a
lifestyle and thrive. The debt statistics are too
frightening to relay.
But we hear how Uncle Patrick lost all is money in a failed
business venture and we get scared. The fact is, you don't
have to do what Uncle Patrick did! So we stay in our JOB
(Just Over Broke) and realize that the only one getting
ahead is the owner of the business. We feel like a rat in a
wheel.
When we project our circumstances forward into the future ,
if things don't change, many of us ultimately face
bankruptcy, or at the very least extreme stress and debt
problems.
I work with a lot of immigrants and seniors and they often
tell me that they face a dismal and bleak future, with
inadequate pensions and income in their old age.
One fellow said, "I'll end up working as a security guard
or a packer at the age of seventy five if I don't take
action now while I have my health and energy."
It's true that statically, the American Social Security
Administration has calculated that of the people currently
receiving benefits, 45% depend on relatives, 30% depend on
charity, 23% are still working and only 2% are
self-sustaining.
Most of those two percent own their own businesses. And out
of every 100 people reaching age 65, 1 will be wealthy, 9
will have an income between $15,000 and $24,999 (try living
on that!) 33 will be dead and 57 will be DEAD BROKE! It's
never too late to get into your own business. You're going
to be working hard, anyway -- might as well get wealthy.
Some of us see that we'll NEVER be able to retire . We're
all buying flashy cars. If you work for someone else,
you're buying it for them. If you work for yourself,
you're buying it for you. Which sounds better to you?
NOTE: You don't need any special skills to do the
following all skills can be bought.
Looking For A Way To Retire Early? CLICK HERE!
http://ddp1.com/go.php?1471-1
George Allan
Pass this letter on to your relatives, friends, neighbors and
co-workers. The information in the letter concerning our country
and economy is very important to every American citizen. Read
this letter and pass it along. They can view it on this blog at;
http://the-letter-you-need.blogspot.com/
George is a self-motivated online marketer and is very
successful at what he does. He's a person who can be relied
on to shoot straight with you at all times. Take his advice!
Pass this letter on to your relatives, friends, neighbors and
co-workers. The information in the letter concerning our country
and economy is very important to every American citizen. Read
this letter and pass it along. They can view it on this blog at;
http://the-letter-you-need.blogspot.com/
The letter starts here...
==========================================
Hard Facts, Scary Realities and Exciting Opportunities
Don't you just hate it when people say "Yeah we are all having it hard
because of the economy." What has that got to do with you and
your bills and your problems. Is it suppose to make me feel any better
because everyone else is having it hard.
Apparently so...because that's what's being "Bombarded" on the
news everyday.
But, tell that to creditors who keep calling... What you need is ...answers,
not a pat on the back ...or some kind of make me feel good talk.
It's like they are trying to put a "Band-Aid" on a Big Flood and they are keeping
their eye only on the band-aid.
I think you will enjoy this "eye-opening report".
"This short report is being shared with thousands of
people worldwide as people send it to their friends and
loved ones.
The reason why it's so popular is that it makes sense. It's not an
academic hypothesis and it's written by someone who had a lot of
experience in different jobs up until the age of 42, when he got into
his own business and became set for life.
Let's get serious about your finances. Let's talk
straight and cut to the chase. You know that more than
ninety percent of your problems can be removed or
alleviated with more money.
You know that you have tried different ways to solve your problem. This
report is meant to share some hard facts and scary realities about your
financial security, and then some exciting opportunities or SOLUTIONS.
What is the problem?
Let's look at what's happening in the world around you
right now. A recent study revealed that the average 50 year old has
only $2,300 in savings. The experts say that you need at least a
million dollars in savings to earn $50,000 a year in retirement.
I don't agree with that, and you'll see why, later. The
reality is that there's a much easier way! "At age 65,
90% of all people who retire in the United States have
$2,500 or less in savings", according to J.M. Fogg,
renowned author and entrepreneur.
Technology is improving productivity at the expense of
jobs. First the blue collar jobs in the 80's. Then the
white collar jobs in the 90's. Today the average worker
puts in nearly three more weeks at the office per year than
workers did 25 years ago even though jobs are being
eliminated. Over half the jobs lost in the 90's are gone
forever.
Statistic show that 90% of Americans are three months away
from being flat, out-on-the street broke. At the same time
the U.S. Labor Secretary says, "No one's job is secure in
the new economy, from the corporate chief executive to the
ordinary worker." The changing work place, automation and
robotics, out-sourcing and the like is making blue collar
jobs become extinct.
Think about white collar jobs? The concept of middle
management is nearly obsolete. Companies compensated for
flat earnings by slashing away at managers making $35,000
to $100,000 in salary. How were these people rewarded for
theirs years of hard work and loyalty? They weren't, and
you can bet that they are eager to be in control of their
financial future from now on.
More and more white collar workers will soon be unemployed. If this hasn't
happened to you, we are certain it has happened to your neighbors, co-workers,
family and/or friends. Small to medium business owners no longer want to
employ people in the traditional way, due to soaring unemployment insurance
costs, lawsuits and government protection of employees.
The fastest way for business owners to cut costs and
increase productivity is to fire the long-time, higher paid
employees, and replace then with young, eager, low-paid
people, often immigrants, who have a very good work ethic.
This is a known fact. The longer you're in a job, the less
security you have. Money problems rob us of security,
dignity, time with family, our health, peace of mind and
quality of life.
The results of money problems are myriad : depression,
divorce, bad relationships, stress, illness, loss of
dignity and self esteem, family relationship problems,
aggression, escape into gambling, drugs and immorality, and
on and on and on.
What Is The Solution?
And so we start to look for alternatives, and all of a
sudden, we're faced with thousands of options, each of
which promises us great success! I have been attending
Franchise Trade Shows for 17 years and I am always
astounded at the amount of scams being openly perpetrated
on the unsuspecting and vulnerable victims there. Rip-offs
and scams are so widely available that many people lose
everything.
One of the "solutions" offered to us is Network Marketing
or Multilevel Marketing. While some people do make money,
the vast majority of people getting into MLM do not.
According to Homebizhearts.com, "more than 2 million
networkers have been victims of failed network marketing
programs.
They were working against factors that they did
not fully understand. During this period, another 2 million
have switched programs.
There will always be from 75-90% of all distributors not breaking
even on personal qualifying purchases or earning a profit." Although
this opportunity is legitimate, I do not recommend MLM. But that's just
my opinion.
We are also offered sales jobs where we're told we'll be
our own boss. Most people are not salespeople to start off
with. But we get persuaded that it's easy! The fact is a
salesperson is not a business owner and definitely not an
entrepreneur.
Real Estate Agents (independent contractor salespersons)
spend about $1000 to go to school. They spend $250-500 to
get their license. At least sixty percent drop out without
ever selling a house.
Easy research here, talk to anyone in the real estate
business! Life insurance Agents (independent contractor
salespersons): Spend several months in On the Job training
and in many states have to take an exam and pay for it.
Sixty percent or more only sell one life insurance policy
and that is to themselves. Most fail. The same goes for
mortgage brokers, and the failure rate of car salespeople
is 80-90%.
We know that 88% of small business fail in the first five
years, and of the remaining 12%, another 85% will fail in
the next five years!
This looks pretty negative, doesn't it? Yes, it does look
bad, because it is bad. Honest, hard-working people seeking
solutions get ripped off and lose their money and savings
and end up in debt. This is especially true of immigrants,
who are even more vulnerable.
People borrow money from their aged parents and relatives
and get into debt to get into business, then fail, and
their parents often never recover.
They have tried to solve their financial problems by getting into
business, and they have gone "from the frying pan into the fire".
We need the right recipe for security.
When the wall street gurus who are trying to sell you stocks
and bonds and insurance products, tell you that you need a
million dollars in the bank so that you can retire,
they're NOT telling you that there is a much easier
alternative, because they want the commission!
How about if you could create increasing passive income to
the amount that you need to live comfortably? If you
haven't read "Rich Dad, Poor Dad" by Robert Kyosaki, now
is the time! This is not just my idea.
If you had a regular income stream coming in every single
month, and you could live on it comfortably, you wouldn't
need a million dollars in the bank, and it's much easier
to create the passive income (that's income you don't
have to work for) than to save millions of dollars, right?
Also, if you're self employed, that means that you earn
money in your "business" by working every day and selling
your products and services, what will happen if you get sick
or injured?
What will happen to your income when you go on
holiday? If you're a realtor, you have simply created
another JOB (Just Over Broke) for yourself. You don't have
a business -- you have a job.
Most Business Owners" are really simply salespeople who
are "self employed". We need a business where we can
duplicate our efforts and leverage our resources, so that
the business can run without us being there and working. A
real business.
Until you create a real business that you work "ON"
instead of "IN", you live on the precipice of financial
failure and disaster!
That's true. There are many, many people out there who
don't realize that they will NEVER be able to stop
working, because they will never create passive income.
When your health fails or you get injured or lose your
energy and mojo, guess what? You'll stand to lose
EVERYTHING.
That is the reality of your situation and the situation of
millions of other people, right now. What do you think
about that? Scary, huh? Very scary, unless we do something
about it. What to do? I'll show you, right now.
What will give YOU security and peace of mind,
and how badly do you want it?
On a scale of one to ten, one being "I don't care" and
ten being "whatever it takes, baby!" I'm looking for
TWELVES.
Here's what you need:
Get out of Debt.
Increasing, passive income, from different sources, equal
to double what you need to live comfortably.
As much insurance as you can buy and need (health, critical illness,
disability, life, homeowners, etc.)
Let's look at that.
It's not necessary to explain that you have to get out of
debt.
Insurance is cheap when you look at the return on
investment, especially life insurance. Make sure you use a
good broker and do your homework. compare rates. Get
referrals from successful friends.
The passive income is what we're going to discuss now in
more detail. This is what will get you out of debt and pay
for the insurance, after all.
Creating set for life Income:
Obviously, you need to find a way to create on-going,
passive income from different sources, so that you don't
have "all our eggs in one basket". And the way to do this
is through businesses, not jobs.
You want to be in a position where you spend very little
time making sure the money keeps coming in. The stock
market has proven itself to us. Most North Americans have
had that wake-up call. Beware the financial planners who
sell you investments.
The best investment is your own business. That means YOU
OWN the business, but it doesn't mean you have to RUN the
business yourself!
You know that it's best to use Other Peoples' Money,
Other Peoples' Resources and Skills and Other Peoples'
Time and Energy.
You want to take the minimum amount of risk.
You want the best and fastest possible return on your
investment.
You want to protect yourself legally from being sued and/or
ripped off by other people.
You know that you should use your brains, not you hands or
your time, in business. Leverage other people. Duplicate
yourself in others. That's what smart business owners (the
real entrepreneurs) do!
Looking For A Way To Retire Early? CLICK HERE!
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Yet, they know that the only way they can achieve true
security and solve 90% of their problems, is through owning
their own successful business. I understand that, because
that's exactly where I was when I got into business for
the first time at the age of 42. I hated my job, was just
making it on a double income in a new marriage and knew I
had to break Free.
I was offered a business opportunity which my wonderful
wife and I fearfully accepted. Ten years later, we were
making big money. I am passionate about helping people get
into their own businesses and succeed.
Owning your own business can be a wonderful experience that
can help you grow and self-actualize as a human being, reach
your financial goals and create security and peace of mind
for you and your family, while at the same time creating
unprecedented freedom and joy .
But it has become clear to me over the years that not
everyone should be in his or her own business .
For example, if you're happy in your job, fulfilled and
secure, and you know that you will be able to retire with
security and dignity one day, you probably don't
need a business.
And, as we go through this article, it will become clear to you
whether or not owning your own business is right for you.
One of the criteria for success in business is self-discipline. We all
know that. Enthusiasm, passion and hard work are essential. Now you
may not feel that you have these qualities in abundance in your present
line of business or your job.
That may be because you're in the wrong job or business.
Just think of this. If you were going on your dream holiday
tomorrow, and it has been fully paid for and you're really
excited about it, how would you react when your alarm clock
went off in the morning? Would you roll over, hit the snooze
button and go back to sleep?
Or would you leap excitedly out of bed, eager to get going
on your dream holiday? See, if you love what you do and you
really believe in it, it's easy to be self-disciplined,
passionate and hard working. So it is essential that you
choose the right business to buy. The right business for
YOU, that is.
We should have fun and make money in our businesses. I'm
sure you'll agree with that?!
To some people, getting into their own business and buying
a business is pretty scary. The amount of risk they
perceive is frightening. I understand that. Like when you
hear a strange knocking coming from under the hood of your
car, or when your computer starts doing strange things.
Fear is related to the unknown. We make mental pictures of
results we don't want, so we imagine all sorts of horrific
things happening. The car blowing up and costing thousands,
the computer losing all our important data.
Then we tend to exaggerate those results. We imagine how
we'll be fired from our jobs because of the lost data, and
eventually our fertile imaginations show us even worse
results. Fear makes us emotional and illogical.
The way to overcome false and unfounded fears is to obtain
information. When a computer expert shows us how we can
solve the problem with the push of a few buttons, or an
expert mechanic chases the squirrel out from under your
car's hood, we see that FEAR is often the result of False
Expectations Appearing Real. So let's give you some
information that will eradicate some fears for you right
away and help you make logical, unemotional, well-founded
decisions.
First of all, let's debunk 8 common Myths.
Many of us believe things about business that are simply
not true. These false perceptions can rob us of success.
The get rich quick schemes that tell you that you can earn
a fortune with very little work in a few months are often
touted by people with no money.
I recently talked with a so-called "business consultant/
coach" who had bought a course for $40,000 which taught
him how to be a business expert in three short weeks.
He had worked in various government jobs all his life and
he was suddenly pitching himself as a business expert. You
can't buy experience. You can't become a business coach
or a personal coach by spending $40,000. Be very careful of
whom you take advice from.
Here are the Eight Myths of Business:
1. You need special education to succeed in business
Not true.
The truth is, many successful business owners dropped out of high
school. We support self-education, learning from successful mentors
and reading the right books. You need to be in the right business and
you need the right attitude.
The more you learn, the wider your frame of reference. Learning is very
important, but it is not a requirement to succeed in business.
The only MBA that really counts is a Massive Bank Account .
Many professors, who tell you how to run a business and make
money, have failed in business and have no money themselves.
That's not true of them all, of course. You can buy the
information you need. You don't need to be a lawyer; you
can hire one. You can hire the skills you need.
2. The more you pay for a business, the more money you will
and can make. Not True.
The truth is, the more you pay, the more debt and risk you
carry. I know of a man who paid $25,000 for his business
and now earns over a million dollars a year. And he gets to
sleep well at night, because he is not in debt and very low
overheads.
There is not always a correlation between what you pay, and
how much risk you take, and how much money you can make.
3. My Bank Manager will give me good business advice. Not True.
The truth is, if your bank manager understood business and was a true
entrepreneur, he'd have his own business and he'd be making real money! He
may be a good banker. So let him tell you about banking.
Rather take advice from people who have succeeded in business. Often I
present a business opportunity in a consultation or seminar and people go
straight to their bank managers for advice. That's like asking a virgin
about childbirth.
There are many CEO's and Presidents of business who know a lot about financial
statements and board room negotiations, but very little about business. In other
words, they have no "street smarts" and would likely fail in a real business. So
don't assume that positions, academic achievements or titles equate to
experience or ability.
4. It doesn't matter whom you buy a business from. Not
true.
Sure it does. Buying from a reputable business expert, who
actually understands business and can PROVE it, is a smart
move. The person introducing the business and the person
selling it should be honest, ethical and good at what they
do. They should have a successful track record.
5. You have to be a salesman to own a business (or
understand law, accounting or e commerce.) Not true.
As I said before, you can hire those skills. Henry Ford
did. You don't need to buy an airplane to fly to LA - you
rent a seat. Any skill can be bought.
You can find a lawyer, accountant, or webmaster anywhere. You
can hire a salesperson or pay them for results - commission only.
6. Only rich, intelligent and experienced people succeed in business. Not
true. There are a lot of stupid, inexperienced people who grew up poor, making
millions.
Business is not complicated. It's easy. Or, shall I say, as easy
and simple as you make it.
7. It takes a long time to make money. Not true.
You can do a deal tomorrow that makes you rich. Time has nothing to do
with creating value. Years ago, I did a deal that increased my income in
one profit center from $3,000 to $11,000 in four days.
There are no limits on your business except those in your own mind. If
you sell five sandwiches, you can make fifteen dollars. If you find a way
to sell sandwiches to a thousand people, you'll make a lot more. If you
sell diamonds to a thousand people...
We simply have to find ways to offer more value to more
people and then duplicate the process. Your business is a
money machine, the goose that lays the golden eggs. You
want to be sure to buy the right goose!
8. You can do it all alone. Not True. Together, we can do amazing
things. You can make much more, much faster, by working with other
people, as long as they're good people.
Joint Ventures, Strategic Alliances and the Mastermind concept are the
best forms of leverage available.
As I said, the amount of money we make is in direct
proportion to the amount of value we create for others.
Zig Ziglar said, "You can get anything you want out of life, if
you're prepared to help enough others to get what they
want."
So, Why should you consider getting into your own business?
Things are changing. Jobs don't last forever anymore. The
so-called "security" of having a job no longer exists.
And the older you get, the more likely you are to lose it
to a younger person or an immigrant who will work harder
and accept much less money...
And with jobs getting sent offshore to India and a China in
ever-increasing numbers, automation, downsizing, unexpected
changes and the increasing cost of living, people are
realizing that getting a job and keeping it isn't what it
used to be!
We used to think that our education would guarantee us a
job. That is no longer true.
More and more, people are realizing that they're just
getting deeper and deeper into debt, even with two jobs, as
a result of the changes in the economy,
Medicare and government cutbacks. Line-ups for specialist medical
attention and operations are the order of the day in Canada and England.
Taxes are brutal. What to do?
And it's not about the money; it's about the lifestyle,
freedom and dignity that money can buy for us and our loved
ones. Money does buy time with those you love.
It gives us the opportunity to become the best we can be and fully
enjoy life. Believe me, I've been rich and I've been poor, and rich is
much better. The only people who say, "Money is not important", are people who don't have any.
If you've read Robert Kiosk's "Rich Dad, Poor Dad", and
played the Cash flow Game, which I highly recommend you do,
you'll agree that one has to get out of the Rat Race and
start earning passive income through your own business
ASAP!
If we keep on doing what we've always been doing, we'll
keep on getting what we've always been getting. So we all
realize that something has to change.
And your circumstances will only change when you change. We can't
solve our problems with the same mindset that created them.
The obvious choice is to get into one's own business.
But we've seen so many people get burnt and heard so many
horror stories, that we shy away from buying a business and
sink deeper and deeper into debt.
We make a living and survive instead of designing a
lifestyle and thrive. The debt statistics are too
frightening to relay.
But we hear how Uncle Patrick lost all is money in a failed
business venture and we get scared. The fact is, you don't
have to do what Uncle Patrick did! So we stay in our JOB
(Just Over Broke) and realize that the only one getting
ahead is the owner of the business. We feel like a rat in a
wheel.
When we project our circumstances forward into the future ,
if things don't change, many of us ultimately face
bankruptcy, or at the very least extreme stress and debt
problems.
I work with a lot of immigrants and seniors and they often
tell me that they face a dismal and bleak future, with
inadequate pensions and income in their old age.
One fellow said, "I'll end up working as a security guard
or a packer at the age of seventy five if I don't take
action now while I have my health and energy."
It's true that statically, the American Social Security
Administration has calculated that of the people currently
receiving benefits, 45% depend on relatives, 30% depend on
charity, 23% are still working and only 2% are
self-sustaining.
Most of those two percent own their own businesses. And out
of every 100 people reaching age 65, 1 will be wealthy, 9
will have an income between $15,000 and $24,999 (try living
on that!) 33 will be dead and 57 will be DEAD BROKE! It's
never too late to get into your own business. You're going
to be working hard, anyway -- might as well get wealthy.
Some of us see that we'll NEVER be able to retire . We're
all buying flashy cars. If you work for someone else,
you're buying it for them. If you work for yourself,
you're buying it for you. Which sounds better to you?
NOTE: You don't need any special skills to do the
following all skills can be bought.
Looking For A Way To Retire Early? CLICK HERE!
http://ddp1.com/go.php?1471-1
George Allan
Pass this letter on to your relatives, friends, neighbors and
co-workers. The information in the letter concerning our country
and economy is very important to every American citizen. Read
this letter and pass it along. They can view it on this blog at;
http://the-letter-you-need.blogspot.com/
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