Twitter Beğeni Hilesi

I hear the phrase ‘Wantrepreneur’ a lot in the circles that I’m in. I want to coin the phrase ‘Needtrepreneur’… I’ve figured out that more than ‘wanting’ to be an Entrepreneur, I NEED to be one! When I went from ‘wanting’ to ‘needing’ that’s when things started to click.

I’m working with this individual who was shocked when I told him the plan of action to get him out of debt and $1 million in investments was going to take him 10 years. Really? What do people think happens when they’re deeply in debt and can’t save a dime?

It used to be you tried to keep up with the Joneses… Now that life costs so much more and more people have been sucked into the expectations of social media… They now are trying to keep up with the Kardashians. With a 3.4% savings rate that seems to be what is happening.

I heard something today that I LOVED! Each one of us chooses the tax code that applies to us. Some will choose a more favorable one. Some will choose a less favorable one. I can honestly say that I like the tax code that comes with being self employed more than being a W2er.

Working with some entrepreneurs who amaze me… They totally get that the startup phase is about Customer Development and not Product Development. I do require that they read ‘The Four Steps to the Epiphany’ and ‘The Lean Startup’ as part of the class, however 😉

Being an Entrepreneur means that YOU get to decide if you won the day… Not someone else who you may or may not like, respect or even think is more qualified than you are. You’re responsible for YOUR own success. Either YOU rung the bell today or YOU didn’t. I LOVE that.

I’ve been very fortunate to have earned several industry credentials.. But if I had to learn just one skill it would be deal structuring. Figuring out how to design a deal where everyone wins and believes no one is being taken advantage of is literally worth millions of dollars

SNL may have given the BEST financial advice EVER about a decade ago. SNL? Financial advice? Yeah! The skit’s called “Don’t buy stuff you cannot afford”. Crazy right? But it’s absolutely spot on advice. What’s ‘funny’ about this is that it’s sounds so crazy when you hear it.

We all should be able to predict our financial future by knowing 5 numbers; our monthly housing payment, car payment, school loan payment, what’s left over after expenses and what we invest of that. You can run so many predictive scenarios with these numbers.

This is certainly NOT a one size fits all solution to everyone’s business…BUT The first things that I look at when working with a business that is struggling is the status with their Product, Market, Sales. Just about 80-90% of problems w/businesses are in these 3 areas.

A former CFO taught me a LOT about optimizing up to the existing capacity of the company. Some of us want to believe that bringing on just ‘one more customer’ will always be profitable. However, it may be the thing that adds enough cost that we now need a a LOT more customers

I’m in the middle of updating my retirement asset/holdings plan. Heard something I really liked… Just like a football team, you don’t want to put all quarterbacks out on the field. You need to have different players doing different things. Same goes for retirement.

Hearing all the chatter about the ‘big guys’ getting into the wealth ‘advising’ space. A TON of opportunity for the fee based RIA’s and consultants to offer wealth ‘creation’ advising as well. Why not help our clients ‘create’ wealth and THEN help them manage it? Help them

When people interested in entrepreneurship say that “I don’t have an idea for a business” here’s what I suggest… Start with the “Who”. Who do you want to serve? Next..”What”. What are their problems? Now test your potential solutions incessantly with the Who’s….

Wow did MATT GRAY deliver the value yesterday in his webinar. WOW! Thank you for doing that Matt!

A 27 yr old student of mine asked what I would do if I was his age to create wealth: Use as many hours of the day to earn money and build businesses that create value. Don’t wait like I did until I was 35 to 40 to figure this out. I wasted around 15 years of EARLY compounding

It’s funny to me that when I had no money I NEEDED a new Corvette in the worse way. Now that I have the ability to buy one in cash I drive by the Corvette dealer everyday…and nothing Not sure what happened but I think ‘buying’ early retirement brought more joy to me then a car

If given a choice, it’s much more lucrative to ‘own’ your way to wealth versus ‘earn’ your way. When you own the money machine you get to use other leverage beyond your own time, such as others time and money. It’s near impossible to out earn multiple employees working for you

The Stoics remind us that in order to build an empire on earth we must first master the empire “between our ears”. That literally should be looked upon by all of us as the most expensive real estate on Earth.

I find a lot of entrepreneurs feel the need to impress others. Instead, be honest and open about what you need. It’s strange how things appear. Met an entrepreneur 30 years my junior. He needed capital. I wanted to ‘but back’ time through a younger partner. Perfect match.