August 15th, 2008 -- Posted in Carbon Copy Pro, Home Business Ideas, Marketing Tips, Retirement, Wealth Strategies |
Many individuals are involved with
Wealth Masters Int’l purely for educational purposes -
to use the alliances in place and
shore up their financial foundation . Others are involved to expand their knowledge base and
learn how and why the rich invest the way they do and even be exposed to some of those opportunities. Then another group sees the
Big Picture and wants to share this information with others and have chosen to do so via online marketing. The truth is some would have more success face to face. So WMI is introducing for its consultants,
"CSP", Consultant Seminar Program - a turnkey program that can be presented in the same fashion, with the same message, all over the world.
The seminars will cover topics such as financial planning, debt elimination, and wealth creation . There aren’t too many of us who can’t use more information on these topics, especially these days!
If you’d like to know how to attend one of these FREE seminars in your area drop me a note 
Until next time, J.
"Take control of your destiny or someone else will"
August 6th, 2008 -- Posted in Home Business Ideas, Retirement, Wealth Strategies |
The timing of my reading this article was perfect! Those of you who have high school or college age kids may relate. I have forwarded this to each of mine. Although they grew up learning
how to budget , the "outside" forces can be much more tempting at times than logic
“Sticking to your budget while maintaining an active social life can be challenging. Dining out, vacations, retail therapy-all of these things can take a significant toll on your financial stability. Don’t give up hope; just follow a few simple pointers on how to be a responsible social butterfly without breaking your budget. (From Seeds of Success )
1. Forget About the Joneses
If you want to maintain a healthy budget, you must live within your means-so the first step is a mental shift in priorities. Sure, all your friends might drive luxury sedans and sport Swiss watches, but that isn’t an excuse for you to do the same. The truth is, many people who indulge materialist hedonism can’t afford it either. By sticking to your budget now, and investing your savings properly, you’ll end up with more money to spend on what you want in the long run -including bigger cars and shinier watches. Remember that a little restraint now goes a long way.
2. Save for the Fun, Not the Finance Charges
It’s not uncommon for friends to plan winter ski trips or summer getaways together. It’s also not uncommon to rack up serious credit debt on social outings. You don’t have to turn down the invitation, just curb overspending and work your trip into your budget. Calculate how much you’ll need for travel and trip expenses in advance, and pay yourself first. You’ll save huge chunks in credit card interest-plus the peace of mind that comes from knowing your good times your won’t come back to bite you when your credit card bill shows up in the mail.
3. Embrace Like-Minded Savers
Find a support group of penny pinchers who still enjoy cavorting-it’s a great way to exercise financial responsibility without feeling pressured to throw caution to the wind and go "spend crazy." Online groups like ThriftyFun.com and Geezo.com are perfect places to share ideas, stories, get advice and find ways to creatively cut spending while keeping a smile planted squarely on your mug.”
Please leave comment about how you balance your budget and social life!
Until next time, J.
"Take control of your destiny or someone else will"
June 9th, 2008 -- Posted in Home Business Ideas, Wealth Strategies |
Another great article on Early to Rise , by Bob Bly. If you’ve ever used direct marketing in your business - you’ve got to read this!
Please leave a comment about how you test your marketing campaigns.
I heard on the radio a few weeks ago that the Florida Marlins, with 23 wins and 14 losses, has the best record in Major League baseball today.
But that means the best-performing team in professional baseball loses six out of every 10 games it plays.
And remember: That’s the best record in baseball.
What’s ironic is that businesspeople who accept this statistical truth about baseball without a second thought… go bonkers when even one of their marketing programs fails .
Experienced direct marketers know - and expect - a percentage of their test campaigns to under-perform the current control, or even lose money. They accept this fact without despair, because they know that if one test mailing in every two… or every three… or even every five is a winner, they can make a lot of money.
Inexperienced direct marketers don’t get this.
As a result, countless small businesses test direct marketing once every few years. And if they don’t hit a home run the first time at bat, loudly proclaim "Direct mail doesn’t work "… and abandon it.
If you’re a business owner or marketing professional, is there a better way to get direct marketing to work for you? Yes. And it’s nothing more than doing more testing than you do right now.
Let’s say you are planning to mail 5,000 postcards to drive people to a Web page.
You just can’t decide which of two headlines you like: "Tastes Great" or "Less Filling." If you randomly pick just one, your risk of going with the wrong sales appeal - and, therefore, having your postcard mailing bomb - is 50 percent.
A much better approach is to split the postcard mailing into two batches, half with the headline "Tastes Great" and the other half with "Less Filling." Each drives traffic to a different URL so you can measure the click-through and conversion rates. Then you see which one generates the most leads.
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May 8th, 2008 -- Posted in Home Business Ideas, Wealth Strategies |
I’ve recently read there are three types of investors:
1. People who don’t invest at all
They may be the ones who feel they’re "entitled" to support from the government, or the companies they’ve worked for. Some might even expect their families to help out. Most certainly, this group has no desire to learn how to take care of themselves and their future.
2. People who invest to not lose
They are generally low risk takers. They want their money safe in CD’s or money market accounts. They might even allow their employers to choose for them where to place their 401K monies. This group usually does some research on their own, but it either intimidates them, or they just have absolutely no interest in managing their own money.
3. People who invest to win
This group doesn’t settle for "safe". They want higher returns and are willing to put forth the effort to learn more about various opportunities and investment vehicles available to them to participate in.
To quote Kiyosaki, "I realized the reason most people invest not to lose is because most people think investing is risky or that investing is gambling. Many also believe that to get higher returns means you have to take on more risk. Nothing could be further from the truth."
The key is to use "leverage", which is difficult to do if you’re an investor like #1 or #2. You need to create an asset base that will grow exponentially. Create multiple streams of income, so combined they work together, even when you’re not. As an "employee" you trade time for dollars and will only be able to earn as much as your hours worked. But leverage "yourself" by becoming a business owner (even part time to begin with), and an investor - and the entire scenario can change.
What would you do if you had more time and money? What is really important to you? I recently explored these questions with one of my clients. He attended a recent company event - had an "AHA" moment, and decided he wanted to be like investor #3. Of course, he heard from some of the best in the industry at that event, and his life will never be the same. Contact me if you’re interested in exploring those questions too…..
Until next time, J.
"Take control of your destiny or someone else will"
