MY FUTURE CHANGES

Every entrepreneur, to achieve any amount of success should be motivated. Motivation comes from passion. Every book published or e-book that deals in money-making and motivation screams passion – the most important ingredient in any successful entrepreneur. Similarly, when you think about going after that extra income, you have to create a burning passion to do so. It will keep your fire glowing for a long time, at least till the first results become apparent. After that passion at a particular level keeps in rotation, after all, money is the biggest motivator. An entrepreneur embarking upon the route of a home office and extra income should strongly believe in himself and his capabilities. He/ She should be thick-skinned not to be perturbed or affected in any way by others' comments and opinions. People are just plain jealous. Clear conscience and belief in oneself does not seek external approval. Evidence enough that, once you are successful and start earning extra income, the ne

It has been said you can lift the Rock of Gibraltar if you have a fulcrum point and long enough lever. When we refer to "financial leverage" we are talking about the same principle. If you buy a business building for $100,000 with $5,000 down, this is using the leverage of 20 to 1. For a mere 1/20th of the purchase price, you own and control property that is 20 times more valuable than your cash investment. If the income of the building is only sufficient to make the payments and expenses and you don't gain any cash flow, you are still getting the building paid for and perhaps in 5 years or so, with continuing inflation, you can sell the building for $200,000... a gain of $95,000 on a $5,000 investment. This is the potential result of proper use of leverage. A good rule to follow in applying leverage, relevant to any business venture for that matter always provides a reserve. Hold back some cash for emergencies. Hold back additional capital so if you go under you will hav

Investing has become increasingly important over the years, because the future of Social Security benefits becomes unknown. People want to insure their futures, and they know that if they're counting on Social Security benefits, and in some cases retirement plans, that they'll be in for a rude awakening once they no longer have the power to earn a steady income. Investing is that the answer to the unknowns of the longer term . You may are saving money during a low interest bank account over the years. Now, you would like to see that cash grow at a faster pace. Perhaps you’ve inherited money or realized some other kind of windfall, and you need a way to make that money grow. Again, investing is the answer. Investing is also how of attaining the things that you just want, like a replacement home, a college education for your children, or expensive ‘toys.’ in fact , your financial goals will determine what sort of investing you are doing . If you would like or need to