Category Archives: Money

My New Project

Business, Computers, concepts, Entrepreneurship, Internet, Investment, Marketing, Money, , , , , ,

I have gone silent on my blog for the longest time since I started it.   I have had two main reasons for this.

Reason number 1 is because my wife has been ill recently.  We spent 8 days in the hospital and I have had to put my business on the side to do much more with the kids.  She is feeling better now, and that leads me to my second reason.

For about 3 years now I have had an idea to help people sell computers online.  There are a ton of people who strongly believe that the future of business is online, and for most types of business I agree with them.   People compare and shop for things online, but they will always need some things to be in person.  For computers it is definitely online.   Now here is the problem, people want to make money online, but they simply don’t have the tools or knowledge that they need.  There are many companies that I have found that take advantage of this.  They take a very basic, and hardly working cart, and they put it online, and they give some basic consulting information.  They sell this to people who don’t know much about the Internet or about computers and they sell this for many thousands of dollars.

There are also many people who want to drop ship products, and for about 4 years now my company has been listed in books and many drop ship websites as a source of high quality computer systems.  We have been contacted by over 2000 people who have asked us about this.  They call me, they email me but 98% of them have never purchased anything.  Part of that is my fault because when I get little return from something I pay little attention to it.   Recently I updated my website and as a part of the application to do something with me I asked them where they currently are and what their goals are.  I would say that 90% of them have not yet created a cart, nor do they have much of a plan.  I totally understand this, because to install a good cart out there takes a ton of knowledge and work.  I am a complete computer expert and I still had to call tech support, and it still took me many many hours to figure out.  If someone does not understand HTML, PHP, JAVA, FTP, Linux Permissions, and 20 other things I don’t see how they would ever get it up on their own.  So they rely on these companies that “sell” carts.  The problem is that most of them leave you with an empty cart, and then they give you a list of companies like me and you need to create relationships with them.  There are a few that fill your cart up with items, but all the ones I found sell either really useless stuff that no one buys, or really over priced items that simply can’t be sold.  All of this is a huge discouraging mountain for the once gleeful and hopeful would be entrepreneur.

There is one local company that we know of that sells websites that are totally cookie cutter, they offer nothing in the way of custimization other than one “About Us” page that lets the merchant put a few small sentences about themself and their contact info.  It sells products that have not changed for over 30 years, like candles, lotions.  The problem is that they charge over $12,000 just to have one of these sites, and they charge thousands more to accept credit cards, and thousands more for consulting.  They then charge monthly hosting fees in the 100’s of dollars and if you ever stop paying you lose everything.  We have a sister company that offers help and consulting to clients of this company, and we have talked to 100’s of people, and we have NEVER talked to one who actually made a profit, yet this company sells 20-50 of their sites per day, mostly focusing on low income or elderly clients who know nothing about computers.  At least 20% of the ones we talked to did not even have a computer, many others could not even put food on their table but were asked to borrow $12k or more from friends and family to start thier business.  (If you can’t tell this type of business practice makes me really mad.)

cart homeSo what is my project.  Well first off I am building a site that sells the best and most popular computer products.  My site will use the latest design techniques and latest eCommerce tools.  I am putting everything on our site with small markup for me and a 20% profit margin for the people who but these sites.  I plan to sell this site for UNDER $1000, and this site will be a REAL oppertunity, something where people can make REAL money.  If they pay us $1,000 to build the site they only need to sell $5,000 in computer hardware to start to make money, and in computers that can take just a few days.  And the prices that I have on my site are VERY good, so they can advertise the site and make money right away.  People will be able to  add any other items they want to sell, they will also have the ability to totally customize the site.  And for a small fee we will even host it and update it daily.

So I have been spending almost all of my limited time building this site.  So far I have a 100% functional site, it has RSS Feeds, over 500 inventory items, and the complete ability to clone the site.  I still need to finish a few things so it is NOT open to the public yet, but I think that in the next week it will be.  I am excited to call these people and tell them that I finally have the ability to help them reach their dreams.  I have a great cart, that is affordable, functional and has products in it that allow them to make money from day one.  This has really been my goal for about three years now.  Part of my mission in life to help other people out.

If you would like to be on the list of people who I will call when this goes online, then go HERE.    If I can keep out the distractions I will have it up soon.

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My very steep mountain I plan to climb. (My Mission in life)

Bootstrap, Business, Computers, concepts, Entrepreneurship, how to, Inspiration, Investment, Money, real estate, The World, , , , , , , , , , , , , , ,

This entry is about my mission in life, and my mindset right now.

My goal, is to be very wealthy.  I don’t really have a personal need to be wealthy but I have felt for a long time now that it is my calling in life to be so.  The reason for this is that I can help many people out, so that I can leave a legacy for my children and their children and to help the Kingdom of God in all of this.  I want to be the one who builds schools, churches, community housing projects and so on.  I have had a desire for this for many years but have gotten distracted a few time.  Now I feel like I am behind schedule, I have this huge goal and to accomplish it I need to act now and act aggressively.  I need to have a very steep slope to my net worth mountain.

The good news is that in times like this, with economic turmoil and such it is actually easier for a smart person who sees the trends to gain massive wealth.  I can buy stocks in good companies for huge discounts.  I can buy houses for cents on the dollar.  These things will always rebound, they may take some time but they will.  I can take advantage of the huge wave of people who are eager to snatch onto the dream of finally being their own boss, I can consult with them and make tools for them to get there easier, because I have been there my whole life.  Of course I will charge for this service.

My goal is to have a net worth of $5 million dollars by the time I am 40 years old, and $10m by the time I am 45.  (I am 33 now)  I will consider any donations I have made to be part of my net worth.  To get there I would need to earn a huge amount of money.  I will invest most of that money until I get to my goal.  This is a very steep mountain to climb.  I have made money at this rate in the past buy I grew my company too fast and trusted people who screwed me and soon I was bleeding 10k+ per month.  I have learned that lesson but I do know that I can not do all of this myself.  I need to use other peoples money and other peoples time to get to where I need to be.  If I do everything that needs to be done I will never make it, never even get close, I have to hire others to join me.  For over 10 years now I have always had at least a few people who work for me, people who I can call when I make a sale.

So to make this goal I need to really start to climb, to earn huge amounts of money.  Well that is actually much easier than you may think it is.  There is more opportunity now simply because the market is totally inefficient right now.  This means that prices are all over the place for the same item, mostly caused by crazy desperate people who are selling things at fire sale prices.  This lets us take advantage of research and work to find the best price on something and sell it to someone who does not do the research.  This can be done on houses, cars, computers, information, labor, and almost anything else that can be bought and sold.   You can buy cars for $5k that sell for $10k the next week.  You can buy houses for 20k that were once worth 200k and sell them for 80k with ease.   I just bought over $1500 in computer parts from a guy for $100 simply because he got them from a guy who went out of business and had no idea what they were worth.  Money is just sitting there everywhere waiting for someone to pick it up.

Right now is the best time I have ever seen in my life to buy Real Estate, and probably the best time there will be.  You can buy a house now for such a low price that you can rent it out and have the rental payments cover the entire cost in under 5 years.  You can then hold on to these houses for 10 years and sell it for many times the purchase price.  This is the main way I plan to make my long term money, but I need to fund this with short term money.  My plan for this is to sell websites, sell business opportunities, such as this one or this one.  I have another huge idea in the works that I think will make a million dollars in the next 3 years as long as it is done right.  I need all of this because I have a high goal.

Mindset is Key.  mindset

Less than half of a percent of the population in the US has a net worth over $1 million dollars, and with the current market that number is falling.  Most of the population is deep in debt and the ones that are not don’t have a huge net worth.  Most people simply do not posses the entrepreneurial spirit, they do not have the mindsets required.  They do not even have this as a goal.  There is probably less than 2% of the population that is serious about being an entrepreneur, about being truly wealthy and free.  For me and these others like me we must have a different mindset from the rest of the world.  What works for the normal, happy to have a job, people in this world actually hurts us.  And what works for us does not work for them.

There is about 10% of the population that thinks that they are an entrepreneur, people who have gone out and created for themselves a business, or they dabble on the side trying to run a small home based business but most of these do not have the correct mindset.  They simply do not see it.  For years many of my friends have fallen into this group, and for years I have talked to them, tried to show them the way.  Given them books on the subject like the awesome E-Myth by Michael Gerber.  All with very little result, they almost never get it, and they just can’t figure out why even when I tell them directly, so for the most part I have stopped.  I love to deal with the people who have the right mindset already.  You can tell someone simply does not get it when they keep saying “You can’t do that” but in reality there is very little we can not do.  We can buy houses for 10 cents on the dollar and not use one cent of our own money, we can sell a service to a client for one price and then hire someone else to perform that service for a much lower, yet still fair price.  We can do something once and get paid for that work for a long time to come.

entrepreneurTo have the correct mindset you must realize that there are different rules for us.  I have found that people like Donald Trump, Robert Kiyosaki, Ric Edelman, Dean Graziosi and Adrian Cartwood can equip you with the correct mindset.   For the other people who are not entrepreneurial they can listen to people like Suzy Orman, Clark Howard and David Ramsey but for us much of the information they say is toxic to our mindset.  They focus on what to do with the money that you earn, how to divide it, how to save it and such, and they focus very LITTLE on simply making more.   They focus on how you should not used debt at all.  I agree with all of this for “normal” people.  I think that normal people should only take on debt to go to college and buy a meager house, and maybe to buy a first car.   They should save their money for retirement and live a very frugal life.  They should max out their 401k and invest in mutual funds.  (For all people even these I strongly suggest that they separate their home equity from their home, it make much more sense.)

But for us E-Type people this is crazy talk.  I know I can do much better in life than that sort of existence.  If we have a good idea we should borrow to make it happen if we don’t have the resources ourselves.  We should keep an eye out for the needs of others and look for ways to fill those needs.  We should delegate anything that we can to free up our time to focus on growing our business.   We should focus on increasing our income 10 times as much as we focus on where it all goes.

E-Type people should give away money with abandon to worth causes.  I personally believe in Christian education and I help out many children go to private Christian schools, third world children who would not have a good education if I did not help out, now they have a chance to be something great in the future.  Almost every millionaire I know gives away more money per year that most people earn.  I remember a few years ago my Grandfather walked into his local church and gave them $100,000, just a few months before he died.  I remember growing up with my uncle and seeing him write checks for $5,000 when a missionary came to his local church.  I remember he would always give us $10 or so every time the offering came by and we would dump it in, teaching us to give.  I have a good friend locally who makes over $50k a month and gives over $10k of that away each month.    We are blessed to be a blessing, the more you send out the more you will get — people just don’t get it.

Final Thoughts

I really hope that you have gotten inspired by all of this.  I was inspired by the 7m7y project recently.  And just this week by two other great guys.  We really

Please don't send out stimulus checks…

Business, concepts, Entrepreneurship, Government, Investment, Money, Politics

The entire point of giving people money in the form of a stimulus is to get them to spend the money and actually stimulate the economy.  Many people have argued against the idea of giving people a stimulus check simply because most of the money will just be saved or used to pay down debt, things that don’t stimulate the economy.

I am not sure that having the government give away money is the best solution but it is what the current powers like.  So what is there was a way to basically force people to spend the money, I think that would work much better.  For all of the various stimulation that is planned it adds up to over $10,000 for every household in the US.  They mostly gave it to banks, and these banks did what was in their best interest, they saved it.  The government is trying to figure out a way to force the banks to lend out any new money they receive.  I predict that this will also fail.

The government knows it needs to spend money to stimulate the economy.  I think that this is correct.  They are planning on spending some money on some infrastructure projects, that is nice but not enough.  So they have the option of giving money to the banks or mailing out check.  Both options will not have a large effect.  So here is my idea.  DON’T give people check, and DON’T give the money to the banks.  Just simply change the format of the money, send out the stimulus in the form of Debit Cards.  This means that they have to spend the money, they can’t use the card to pay off their debts, they can’t save it because it will expire in 120 days.  Also the money will not go the massive hidden black market, they won’t gamble with it, they won’t spend it on drugs.  They will buy stuff with it.  This helps the legit businesses stay afloat, and they will pay taxes on the sales and profits.

This idea even has more benfitial effects.  First people with out bank account will be able to use it with out having to go to a check cashing store.  It also allows the government to track where the spending goes.

This is not a new idea.  I first heard about it because of a story about the stimulus in Hong Kong, they used this method and it wored really well.  After writing half of this blog I did a search for it and found out that Glenn Beck on CNN also talked about.  Even FEMA used debit cards to help the katrina evacuees.

Of course people may spend it on stupid things.  And I am sure some landlords will quickly figure out how to collect rent from a debit card, and of course some people will simply pay 3% and transfer the money to their PayPal account and then transfer it back to their checking account and use the cash, but the majority of people will simply spend it normally.

So the bottom line, is if we must be sending money out in bulk to the population then this is the best way to do it.  I still think that this is not an effective stimulus and really should not be done

It is the cashflow stupid.

Business, concepts, Entrepreneurship, Money, Real Estate,

My friend Adrian posted a very good blog entry about cash flow.  His blog is one that everyone who is serious about being wealthy should subscribe to.  I made and answer to him that point out how stupid so many investors are.  I wanted to share it with all of my readers also so here it is.

Read his entry HERE.

Here is what I replied with….

I have seem this time and again in commercial real estate.  People are willing to leave a strip mall mostly empty, they are unwilling to do short term leases, or even to discount the leases.  So what happens, there are tons of strip malls, and office buildings here in Arizona that are empty.  They have this mindset that if they get a nice long lease that it will be better than the money now.  This may have been the case in the past but to me it just seems so stupid.

An example is a building I was thinking of renting back in 2002.  It was perfect for a business idea I had, I had the backers and was ready to go, I just wanted 6 months rent free and then to rent it for $12k per month, going up 5% per year.  They would not budge on their price of $18k.  It was too much so I passed.  Well now it is 2009 and it is STILL empty, no one has EVER rented it.

Another example is a strip mall that I know of.  It is very poorly designed but has over 400k square foot in total.  Less than 50k square foot is rented out.  A guy I know rented a 8k square foot space, and put a Filipino restaurant and grocery there.  Soon the space next door was rented by another Filipino to build a karaoke club for Filipinos.  It was all located in a part of the strip mall that was totally empty.  The grocery store invested everything they had, over 300k into building out their store and stocking it.  Then the economy hit them, and they could not pay the rent.  On the 15th day of the month the landlord locked them out, charged a penalty and the guy could not come up with the 20k needed, over 50k in food spoiled and they guy was promptly out of business, and the guy next door also moved out  The place is now empty.  So what did the owner of the property have to loose to give the guy some time to catch up, maybe some discounted rent.  He would surely not be making less than he is making right now, he has over 300,000 sq foot of other places to rent out, most of which are better.  It was dumb and short sighted, but that seems to be the majority of commercial landlords, especially the distant ones who never even see the property.

I think of tenants as clients.  They pay you and you should keep them happy.  You have only limited supply so when you are full you can be more selective and follow the rules to the letter, but when no one is buying your product you need to sell at any price to make money, they still like to keep rent high, and if it not rented then they take the tax break at the higher level.  That is illogical to me, but maybe that is why I am not as wealthy as they are.  Or maybe they are just huge REITs playing the game with other peoples money and they don’t really care that much.

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It is the cashflow stupid.

Business, concepts, Entrepreneurship, Investment, Money, real estate,

My friend Adrian posted a very good blog entry about cash flow.  His blog is one that everyone who is serious about being wealthy should subscribe to.  I made and answer to him that point out how stupid so many investors are.  I wanted to share it with all of my readers also so here it is.

Read his entry HERE.

Here is what I replied with….

I have seem this time and again in commercial real estate.  People are willing to leave a strip mall mostly empty, they are unwilling to do short term leases, or even to discount the leases.  So what happens, there are tons of strip malls, and office buildings here in Arizona that are empty.  They have this mindset that if they get a nice long lease that it will be better than the money now.  This may have been the case in the past but to me it just seems so stupid.

An example is a building I was thinking of renting back in 2002.  It was perfect for a business idea I had, I had the backers and was ready to go, I just wanted 6 months rent free and then to rent it for $12k per month, going up 5% per year.  They would not budge on their price of $18k.  It was too much so I passed.  Well now it is 2009 and it is STILL empty, no one has EVER rented it.

Another example is a strip mall that I know of.  It is very poorly designed but has over 400k square foot in total.  Less than 50k square foot is rented out.  A guy I know rented a 8k square foot space, and put a Filipino restaurant and grocery there.  Soon the space next door was rented by another Filipino to build a karaoke club for Filipinos.  It was all located in a part of the strip mall that was totally empty.  The grocery store invested everything they had, over 300k into building out their store and stocking it.  Then the economy hit them, and they could not pay the rent.  On the 15th day of the month the landlord locked them out, charged a penalty and the guy could not come up with the 20k needed, over 50k in food spoiled and they guy was promptly out of business, and the guy next door also moved out  The place is now empty.  So what did the owner of the property have to loose to give the guy some time to catch up, maybe some discounted rent.  He would surely not be making less than he is making right now, he has over 300,000 sq foot of other places to rent out, most of which are better.  It was dumb and short sighted, but that seems to be the majority of commercial landlords, especially the distant ones who never even see the property.

I think of tenants as clients.  They pay you and you should keep them happy.  You have only limited supply so when you are full you can be more selective and follow the rules to the letter, but when no one is buying your product you need to sell at any price to make money, they still like to keep rent high, and if it not rented then they take the tax break at the higher level.  That is illogical to me, but maybe that is why I am not as wealthy as they are.  Or maybe they are just huge REITs playing the game with other peoples money and they don’t really care that much.

Recession is a good thing if you have knowledge.

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Ok, maybe this title is a bit shocking.  In easy time it only really takes money to make money.  In good times you can use a dart board at a page of stock symbols and make a decent return.  But when times get bad, like they are for many right now, most of the money gets really scared.  They don’t invest in the great companies that still exist, they don’t short the walking dead, they don’t buy the houses that are dramatically reduced.  They simply sit there and they buy bonds and Gold or just keep the money in CD’s if they can find a bank they trust.  Bike Race up Cat's Hill

It is said that on a long marathon, or in a long bike race that the best racers are hopeing for the hills to come, because it is the hills that lets them show their mastery and where they can gain ground on the competition.  When it course is flat and easy it is much harder to get ahead.  In the same way a recession is a great time for the smart and knowledgle person to get ahead. I am confident that if I was given $1 million dollars to invest as I see fit I could turn it into $3 million or more before this recession is over.  More self made millionares are made during a recession than during any other time.

During any time of significant change those that figure out the new way things will work and form a profitable business plan around it first are very likely to succed.  The people who are failing the most now are all the people who still have not found themself in the information age, the ones who still think that we live in the industrial age, you know the people who like to work for a factory, get a pension and live forever.  That age has been gone for 15 years or more, but most americans still live in it.  During this time there will be many people entering the information age, maybe for the first time.  People who will make a living online.  And there will be people like me there to help them, there to show them the way, and of course I will make a small profit on the activity.  This actually has been my main source of income for some time now.

So what would I do if I had a million dollars right now.  Well first I would build some online businesses, and make oppertunities for those who want to join the information age to do so with me.  But most of my readers can not do that I would guess.  So what would I do if I was them, and I just wanted to invest.  Well first I would take most of that money and start looking for good real estate.  There is plenty of it around, and there is plenty of it at prices that are lower right now than where the bottom will settle.

Just last week I was presented with a deal on a rental house, it sold for $180k only 3 years ago.  It now sat ready to buy for only $37k, and it could be rented for over $800 per month.  Using simple math that means that in less than 4 years your rental income should pay for the entire house.  That is like getting a stock with a P/E ratio of 3.8.  Sit on this one for 4 years and you get all of your money back, and by then housing prices will be out of the whole and you could sell this house for $120k or so, pure profit.  Do that over and over with half of the money and you could buy over a dozen houses, worth at least 1.5 million total 5 years from now.  Now that you know how to buy them cheap maybe other investors would like in on the deal, and you can let them buy some of the houses from you.  So lets say you buy 10 houses at an average of $40k each (Something that is easy in the phoenix market if you know where to look.) You invest another 5k in to making them nicer, and in getting them rented out to nice tenants.  Then you sell the house, and the future cash flows, you can do this at a rate of 10 times the projected yearly earnings, this is what investors look for.  That would be near $90k or so per house.  Now do this as fast as you can.  Lets say you buy 5 each month and sell 5 of the other houses each month, that would be an income of over $200,000 per month.

I am confident that I could do this already, I have the connections, I have the renters, I have the knowledge, my only problem is that I don’t have the money, because I was distraced with my other businesses, and my investment in them does not let me walk away.    My plan is to work hard in my current business, make $100k or so and then get started buying, filling and then flipping houses to other investors who don’t want all the trouble.  Take all procedes from each sale and buy more houses with it, do this until I am so busy that I can’t sell all the houses, so then start to keep some of them.  Do this until the recession is over then ride the wave of the readjustment back up, it will not be as large but should be good.  Now these rentals are my retirement fund.  Sell one when I need money.

This is a lot of work, and the key to success is partnerships.  This was my plan back a few years ago but things happened that distraced me, a wife and two kids later I was ready to go, but I got stunned by the economy a bit, but now I am over it and ready to go.  Anyone want to join my team and work with me.  Send me an email.

Some prespective for your life…

Business, concepts, Inspiration, Money, The World

One of my friends posted a blog the other day.  Here is his blog entry.

Please read that before you move on…..

After reading that I had to make a reply, and I thought that it was important for everyone to read it so I posted it here also.

Anyway it is so true.    I lived in the Philippines for a year and a half and I was very much in the elite, I was able to get the best service and best of everything when I was there and I lived on less than $2000 a month.

Most of the people we know there made less than $100 per month for their entire family.   We have chosen to give to pay for 4 kids to have a full ride at one of the nicest private high schools, with tuition, transportation, food and extras we send them a total of $150 a month, and that covers all of it with some left over.

If I was a millionaire I would have a very hard time buying this really expensive things, knowing that for the price of this Rolex I could send 10 kids to school for a full 12 years and dramatically change their life, after thinking about that there is no way I could buy the watch, the $80 watch I have now works great, looks great and is enough for me.

While I was there I was at a church and they had a video, it basically showed some stats, that if you slept in a bed, had a shower in your house and kept your food in a refrigerator you were better off than 85% of the world population.  If you had a computer in your house, now you were in the top 9% and if you had a car that put you in the top 5%.   I am sure that almost everyone that reads this falls in that top 5% and most of you also feel poor, and depressed about it, so feel blessed for what you have and move forward in life.

My Rapid Development Test

Bootstrap, Business, concepts, Entrepreneurship, Inspiration, Marketing, MLM, Money,

Let me tell you a quick story about part of my week.  I think this is how true Entrepreneurs operate.

On sunday I was sent a spam email for a service that looked fairly interesting.  For $39.95 per month it was interesting but I am cheap so I did not buy.  I forwarded the link to my business partner, mostly as a joke, saying “Look how easy it is to make money online.”  When he saw the page he thought I was right, and he asked me if we could do the same thing.  I thought about it for a few seconds and figured “Why Not”   So on monday afternoon we told a few others about our idea.  They really liked it.

I then wrote a plan of how to program it, it used some PHP and some other things that were above what I could do, so I wrote a project for it and tried to get a free lancer from Asia to it.  I had many freelancers talk to me about it but it seems that none of them got it, so I started thinking about how I could do it myself.  So all tuesday morning I worked on coding, and by tuedsay afternoon it was done.  I still had a few glitches and by wednesday morning it was totally complete.   We emailed it to a few people and they were loving it.  On wednesday we had our first customer at $20 per month.  Thurday we added a second.  On friday we talked with a guy who is confident that he will help us sell 50 sites.  We gave him a free account.  Now it is friday night, one more person just signed up for $20 a month.   I figure at this rate we should have 50 new people a month or MORE.

So lets recap.   We went from idea to profits in under 72 hours.  We have zero cost other than our time, and have $60 per month coming in already with much more to come.  I will keep you updated and in a few weeks give a total of how many people we have.

Rapid Development is the key to all of this, most people I know would not just jump in, they would hesitate, and then never do the idea at all.  That is what I would normally do, but that is why I have a business partner that likes to get thigs done.

The best way to have a good idea is to have many ideas.

Business, Computers, concepts, Entrepreneurship, Inspiration, Investment, Marketing, MLM, Money

idea_bulbI saw this topic on a TV today, was the quote of the day.  I was thinking about it for a while and it is so true.  So many people come up with one idea and they focus on that way too long.  And for most people that idea is to work for some big company.  Once in they are in that job the company gives them a ladder that they start to climb…. work two years then get a bit more power and a bit more money, then do it all over again.  It is just enough to keep people doing it yet never enough to let them do anything else.  This works great for the people who own the company.

See I have never had a day job, I have only had businesses.  I also have make it clear to many people that I am an entrepreneur and I have surrounded myself with people that are also the same way.  This lets me get on the ground floor with some great ideas, it also give me access to many great ideas and from that I can select the best ones and work on them to make them even better.

In the last three months, I have joined an MLM company that helps people do loan modifications, I have started a new company that sells online marketing, I have been developing a concept that lets us help people create instant online stores that sell my products.  And just this week I joined another MLM that has a great marketing idea to get people more web traffic.  I also made adjustments to my main company, Emerald Computers, I have lowered prices and automated things much more. On top of this I have discovered some tools that make my life much better and more profitable, and I have connected with some people who also do the same thing for me.

So all of this means that I am much better positioned to have wealth flow towards me.  With all of these ideas at least one of them should be a home run and make my fortune this year.

Last Day of the Year Discounts

Business, concepts, Money

Today is the last day of the year. Of course there are the parties and such. To me it is much more, it is a time to look back and look forward. But for many people it is just another tick of the clock.

One interesting part about this tick is the way that accounting works, you see by this time in the year all of the spending is done in most companies. But they want to lock in better earnings, so they have every reason to push really hard to get in some last minute sales, even if they sell at or near cost. This happens to a lesser extent on the last day of each quarter and a bit on the last day of each month. Sales people need to reach quotas, managers need to reach their numbers also. Because of all of this it makes this one of the best days to buy something. This works better at places where you negotiate for something. On the last day of the month you can usually get a new or even used car for far below what you can get it for on any other day, and the end of the year is even bigger. It works well for real estate companies; if you need to sign that new lease they are eager to get it in the book for this year. One place I have tried it with great success is with a T1 vendor, for internet access, I called them on the last day of march, and the sales guy was so desperate that he gave me a price only 30% of what I got the week before, and wanted to lock it in for three years, that alone save my client thousands over that time period.

So if you are thinking about buying something, especially a vehicle, then go shopping today, you will save thousands, and maybe even lock in that tax deduction this year.  If you get a Ford or GM they have huge discounts that also expire today.