One of the best, low-cost ways to invest in your business skills is to join a Network Marketing company. There are many other options such as starting a traditional business or maybe even an Online Business.
But if you want to guarantee yourself something concrete where business skills are concern, my take is on Network Marketing.
Regardless of what you have heard about this industry or how much money people have lost there, the biggest reason why I would recommend everyone to invest in a network marketing company is because of what you can learn there, and not because of how much money you can make (although it would be fantastic if you can make a living out of it).
You see, network marketing companies are the one place where people will share their trade secrets FREELY. It is logical because in order for your upline to succeed, they will want you to succeed as well! Therefore, they will not hold back in teaching you the skills of a business person.
Furthermore, the relatively low cost of investing in a network marketing company will amaze you for what you can learn for the price you are paying (a few bottles of vitamins and a business kit for the experience of a lifetime!) They will patiently train you in the attitudes and business skills you need to succeed in this industry.
Basically, you can’t succeed in network marketing with an employee’s mindset. A network marketing company will train you in sales, communication, teamwork, leadership, positive thinking, self-improvement, time and money investment as well as the support of your upline as a personal coach and mentor. I dare say that even if you didn’t make a cent, but diligently went through their program, the skills you develop will last a lifetime.
You can also develop skills by attaching yourself to an insurance agency. The job may be challenging, but those companies will also teach you the same skills above and maybe even gain a few tips on financial planning as well.
How about an Internet business? If you have the aptitude for computers, Internet businesses offer a low cost, high-profit margin business that can earn a lot of money and tap into a worldwide market.
Other places you can learn about business skills can be found at financial planning courses, real estate investment courses, time management courses and lots more.
All these I have suggested will be the safest way you can start a new business. You are only spending a few hundred to a thousand dollars in start-up and education. A traditional business might be too risky for someone without any business experience. You invest tens of thousands of dollars and you might struggle trying to break even. But once you have developed the skills above, you will have a higher chance of succeeding.
The most important thing of all besides a good learning attitude are the people you mix around with.
It has been said before; you are the sum of the five people you spend the most time with!
This is very hard to swallow but imagine if you start talking to your five beer drinking, poker buddies that you want to go out on your own and make a fortune, what would they tell you? They would laugh their socks off before tearing your ego into a million pieces!
At the heart of man lies jealousy. They don’t want to see the people around them succeed. If you succeed, it makes them look bad. They know in their hearts that they are going no where yet they embrace that lifestyle and pull you down with them. They will steal your dream, and rob you of your financial freedom if you are not careful!
The key point to remember is: Only mix with Positive thinking people!
Positive thinking is not wishful thinking. A wishful thinker is a dreamer who doesn’t take action. Positive thinking is backed by action and you will feel the energy of people who believe in you and support your dreams.
If you hang out with ducks, you will quack… but if you hang out with eagles, you will soar!
So start looking for people who will follow your vision or are willing to grow together with you.
Lastly, you must BELIEVE IN YOURSELF!
The task of stepping out of your comfort zone may seem terrifying and many will not support your dream. They may even go on the offensive even if you don’t share your dream. That person may even be your parents or your spouse.
Then you will be faced with the question, is my financial freedom worth the price I am paying now? Can I live another day with the same routine, the same job, the same paycheck or the same drudgery? If the answer is no, then take action NOW. Not tomorrow, you will wake up and forget about your dream.
Write down your desire on a piece of paper and hang on tight to it everyday. Share it with someone positive and take that first step.
You won’t regret it.
To Your Financial Freedom!
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Tuesday, June 9, 2009
The Most Important Rule in Investing
What Does Investing Mean To People?
What comes in to your mind when you mention the word investing?
Does it mean, putting your money in insurance, mutual funds, the stock market or even high-yield investments?
Other people might only think about investing when they are about to die and they haven’t left anything for their offspring.
Some even shiver when they hear the word, often claiming that they have no money to invest or feel that is too complicated a subject to even discuss about.
Many people even invest heavily in health supplements, personal trainers and beauticians to make themselves live longer, healthier or even look younger! Imagine the advertising budget for beauty companies nowadays.
All these are legitimate concerns when it comes to investing, but I am talking about the most important investment a person can make in his lifetime.
Invest in Yourself
The most important and No.1 rule is “Invest in Yourself” – if you don’t, who else will?
Your parents will only invest in your education only until you leave college. But that is just the basic necessities provided and does not teach you important lessons about financial education.
Would you depend on colleges or universities to teach you how to make money? Most colleges only teach you skills so you can earn money working for other people. How about business school? Honestly, if business lecturers are such experts at business, why are they still lecturing there instead of making a fortune in business ventures?
Would your boss teach you how to succeed in business so that one day, you will be in his position?
You and only you have to be proactive enough to take that responsibility
You see, when you invest in yourself, it means taking on the importance of educating yourself. Education not in the academic or technical sense, though they are necessary skills to be developed in life. Our education doesn’t stop at college.
For most working adults, their education enters retardation stage after they leave college. They stop learning and therefore they stop growing. They only grow sideways from eating too much pizzas or take-out during their busy lunch breaks.
We know that IQ is important right? But why aren’t the most intelligent people in the world the richest people in the world? There are many accountants and financial planners rushing to their cars every evening trying to beat the after work traffic congestions! They are not rich!
How about EQ or Emotional quotient? Do working hard, having a great attitude and a positive mindset solve our financial situation? These are important when running a business, but let me illustrate:
If you are driving from Boston to New York using the wrong road map, you won’t get to our destination no matter how fast you drive your car (working hard)! You can work harder, but you would only get to the wrong destination faster! You may have the best attitude in the world or the most positive mindset, but you still won’t get to New York (although the journey wouldn’t bother you since you are feeling positive about it)
What comes in to your mind when you mention the word investing?
Does it mean, putting your money in insurance, mutual funds, the stock market or even high-yield investments?
Other people might only think about investing when they are about to die and they haven’t left anything for their offspring.
Some even shiver when they hear the word, often claiming that they have no money to invest or feel that is too complicated a subject to even discuss about.
Many people even invest heavily in health supplements, personal trainers and beauticians to make themselves live longer, healthier or even look younger! Imagine the advertising budget for beauty companies nowadays.
All these are legitimate concerns when it comes to investing, but I am talking about the most important investment a person can make in his lifetime.
Invest in Yourself
The most important and No.1 rule is “Invest in Yourself” – if you don’t, who else will?
Your parents will only invest in your education only until you leave college. But that is just the basic necessities provided and does not teach you important lessons about financial education.
Would you depend on colleges or universities to teach you how to make money? Most colleges only teach you skills so you can earn money working for other people. How about business school? Honestly, if business lecturers are such experts at business, why are they still lecturing there instead of making a fortune in business ventures?
Would your boss teach you how to succeed in business so that one day, you will be in his position?
You and only you have to be proactive enough to take that responsibility
You see, when you invest in yourself, it means taking on the importance of educating yourself. Education not in the academic or technical sense, though they are necessary skills to be developed in life. Our education doesn’t stop at college.
For most working adults, their education enters retardation stage after they leave college. They stop learning and therefore they stop growing. They only grow sideways from eating too much pizzas or take-out during their busy lunch breaks.
We know that IQ is important right? But why aren’t the most intelligent people in the world the richest people in the world? There are many accountants and financial planners rushing to their cars every evening trying to beat the after work traffic congestions! They are not rich!
How about EQ or Emotional quotient? Do working hard, having a great attitude and a positive mindset solve our financial situation? These are important when running a business, but let me illustrate:
If you are driving from Boston to New York using the wrong road map, you won’t get to our destination no matter how fast you drive your car (working hard)! You can work harder, but you would only get to the wrong destination faster! You may have the best attitude in the world or the most positive mindset, but you still won’t get to New York (although the journey wouldn’t bother you since you are feeling positive about it)
Time And Money
There are generally 4 types of people in the world:
(1)No time, and no money.
Most employees fall into the category. You can’t go shopping on a Tuesday afternoon or fire your boss whenever you like. Most employees can’t even save money in their pension to last 3 years!
(2)No time, lots of money.
Self-employed, professionals and small business owners are in this category. They are slightly better off than the employee because they earn more, but they have to work even harder than employees to keep up with the diminishing profit margins, competition and servicing their customers.
(3)Got time, no money.
A lot of farmers, villagers, college dropouts or bums have lots of time but no money. Maybe ignorance is bliss, but without a stable source of income, how long can you last many days forward?
(4)Got time, and lots of money.
It is the category that big business owners, landlords, investors are in. Imagine, not having to work for money, but having money to work for you by investing them and earning profits by using your money to make money.
(1)No time, and no money.
Most employees fall into the category. You can’t go shopping on a Tuesday afternoon or fire your boss whenever you like. Most employees can’t even save money in their pension to last 3 years!
(2)No time, lots of money.
Self-employed, professionals and small business owners are in this category. They are slightly better off than the employee because they earn more, but they have to work even harder than employees to keep up with the diminishing profit margins, competition and servicing their customers.
(3)Got time, no money.
A lot of farmers, villagers, college dropouts or bums have lots of time but no money. Maybe ignorance is bliss, but without a stable source of income, how long can you last many days forward?
(4)Got time, and lots of money.
It is the category that big business owners, landlords, investors are in. Imagine, not having to work for money, but having money to work for you by investing them and earning profits by using your money to make money.
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