The Door
You might have noticed this, when you walk into a room in your home or your office, the door is not as large as the room. This sounds silly but this will progress somewhere shortly. When you are in the room, the door itself is not significant, is it? Of course not, the door is only essential when you are on the outside of the room.
What if I told you that in business that there is a particular door that each of us has overlooked or disregarded at one time or another? The door to wealth for many middle class people is network marketing. That’s right I said it, network marketing. How is that the case and why should I get involved?
Network marketing has received a bad reputation over the years due to a few unscrupulous people pushing an unscrupulous agenda that only benefits them. The industry has also received a poor reputation because many people are not teachable. This is not an article to explain the “how-to’s” of network marketing but it will explain why.
The benefits of network marketing are endless. First, there is usually a small start up fee which is not a strain to most people. Second, there is always training in the local market during the evening which makes it easy to learn and expand your business. Third, many network marketing team have additional training via conference call in the evening as well. Fourth, marketing materials and tools have already been professionally produced for your benefit. This shortens the learning curb about the product. Fifth, the infrastructure for your success is also in place already – you don’t have to recreate the wheel. Sixth, you can operate YOUR business on a part time basis without troubling your lifestyle much. Seventh, the rate of return on your investment is limitless. Eighth, YOUR business comes with a pre-installed support staff – there are those around you who want to see you do well. Ninth, you are continually around an atmosphere that breeds success. Tenth, and my favorite and key to this article, you can use the profit you produce from this business to invest in other vehicles that will produce money for you.
Tuesday, September 29, 2009
Saturday, September 26, 2009
Opportunity
The Merriam Webster’s Dictionary defines the term opportunity as a favorable juncture of circumstances and a good chance for advancement or progress. Life is full of opportunities, of which some people take advantage of them while others let opportunity pass by.
What makes a person allow opportunity to pass them by while others take advantage of it? I believe there are at least four elements that play a part in being able to take advantage of an opportunity.
The first element is mindset. We must be prepared mentally to recognize an opportunity.
The second element is location. We must be in the right place to be introduced to the opportunity.
The third element is association. Soil is the most conducive place for a plant to grow. In like manner, our associations are potential breeding grounds for introduction to an opportunity.
The fourth element is equity. Almost every business opportunity I have ever seen required some sort of equity – cash, skill or some other asset. We must be in a position to have some available funds or access to an asset that can be leveraged.
The fifth element is vision. Where do you see this opportunity taking you? What can you imagine? Whatever that is, then that is achievable.
Remember every challenge presented in life offers an opportunity. We must be prepared to identify the opportunity and take advantage of it.
The Merriam Webster’s Dictionary defines the term opportunity as a favorable juncture of circumstances and a good chance for advancement or progress. Life is full of opportunities, of which some people take advantage of them while others let opportunity pass by.
What makes a person allow opportunity to pass them by while others take advantage of it? I believe there are at least four elements that play a part in being able to take advantage of an opportunity.
The first element is mindset. We must be prepared mentally to recognize an opportunity.
The second element is location. We must be in the right place to be introduced to the opportunity.
The third element is association. Soil is the most conducive place for a plant to grow. In like manner, our associations are potential breeding grounds for introduction to an opportunity.
The fourth element is equity. Almost every business opportunity I have ever seen required some sort of equity – cash, skill or some other asset. We must be in a position to have some available funds or access to an asset that can be leveraged.
The fifth element is vision. Where do you see this opportunity taking you? What can you imagine? Whatever that is, then that is achievable.
Remember every challenge presented in life offers an opportunity. We must be prepared to identify the opportunity and take advantage of it.
Wednesday, September 23, 2009
The Enemies of Your Wealth
In life there are always opposition, in like manner while you and I are building wealth, we face oppositions called, “The Six Enemies.”
The first enemy is bad relationships. These relationships rob us of our time and precious energy. In some cases many are robbed of more than that. My advice is to select your relationships wisely. Spend less time with people who have a different mindset than you. They will only deplete your strength.
The second enemy is bad health. I am a fan of Jim Kramer. The following is an excerpt from a blog he recently posted. He states “One illness, a couple of hospital visits – they can destroy the capital you have.” This is very true. Let’s stay as healthy as we possibly can.
The third enemy is poor information. We must do our due diligence when it comes to building wealth. Check the opportunity, the investment, the asset meticulously – whatever it is. We want to ensure that the vehicles we select to drive our wealth building are conducive to the current financial environment. I am not saying to become overly anxious, simply explore your options.
The fourth enemy is lack of personal development. Everyday there must be time set aside to engage in personal development. Read a book or listen to a CD. This allows for the mind to focus on success or sets the atmosphere for success. If we don’t do this the negativity of the world around us will interrupt success every time. Personal development also defeats the fear factor in our lives.
The fifth enemy is the lack of a guide or coach. We all need someone to assist us navigate the mountain of success. I suggest that you select a coach or a guide. Yes you may have heard stories where some have found success on their own. Far more however used a coach or a guide or a team to experience success.
If you are seeking a success coach or guide send an email to info@frederickotowles.com for assistance.
In life there are always opposition, in like manner while you and I are building wealth, we face oppositions called, “The Six Enemies.”
The first enemy is bad relationships. These relationships rob us of our time and precious energy. In some cases many are robbed of more than that. My advice is to select your relationships wisely. Spend less time with people who have a different mindset than you. They will only deplete your strength.
The second enemy is bad health. I am a fan of Jim Kramer. The following is an excerpt from a blog he recently posted. He states “One illness, a couple of hospital visits – they can destroy the capital you have.” This is very true. Let’s stay as healthy as we possibly can.
The third enemy is poor information. We must do our due diligence when it comes to building wealth. Check the opportunity, the investment, the asset meticulously – whatever it is. We want to ensure that the vehicles we select to drive our wealth building are conducive to the current financial environment. I am not saying to become overly anxious, simply explore your options.
The fourth enemy is lack of personal development. Everyday there must be time set aside to engage in personal development. Read a book or listen to a CD. This allows for the mind to focus on success or sets the atmosphere for success. If we don’t do this the negativity of the world around us will interrupt success every time. Personal development also defeats the fear factor in our lives.
The fifth enemy is the lack of a guide or coach. We all need someone to assist us navigate the mountain of success. I suggest that you select a coach or a guide. Yes you may have heard stories where some have found success on their own. Far more however used a coach or a guide or a team to experience success.
If you are seeking a success coach or guide send an email to info@frederickotowles.com for assistance.
Friday, September 18, 2009
Positioned to Overcome
We now have access to the best financial information via the Internet. No longer are we subjected only to financial advisers who urge us to invest in items that will give us minimal gains at best. In turn, the commission received for misleading us takes care of their personal monthly financial obligations. However, sometimes there is so much information to process, what does one do?
I suggest we develop an investment strategy instead of looking to discover a financial vehicle to garner the greatest return. Are you looking to invest long term, maybe three to five years or longer? Are you seeking a quick fix? Or maybe you are looking to position yourself to recover just ahead of the market. Whatever it is, I suggest taking some time to think about what you, that’s right – YOU, are looking for.
In any event, a strategy must be developed so that your personal financial goals can be reached.
We now have access to the best financial information via the Internet. No longer are we subjected only to financial advisers who urge us to invest in items that will give us minimal gains at best. In turn, the commission received for misleading us takes care of their personal monthly financial obligations. However, sometimes there is so much information to process, what does one do?
I suggest we develop an investment strategy instead of looking to discover a financial vehicle to garner the greatest return. Are you looking to invest long term, maybe three to five years or longer? Are you seeking a quick fix? Or maybe you are looking to position yourself to recover just ahead of the market. Whatever it is, I suggest taking some time to think about what you, that’s right – YOU, are looking for.
In any event, a strategy must be developed so that your personal financial goals can be reached.
Monday, September 14, 2009
Underutilized
Underutilized is a term not heard very often in the American market, however many times it is actually a great observation of many families and entrepreneurs! What does it mean? The term simply refers to something that has failed to be utilized fully. Let’s think about that for a second!
Recently, I heard a story about a real estate deal gone wrong. Nothing new to those of us who keep our ears to the ground, right? Nonetheless, now the building is in limbo as there is a substantial amount of money of money due on a note. While listening to this story my question was simply, is the building being utilized to its optimum capacity? After a few minutes of quiet thought the reply was, “no”.
Like this story, many of us have underutilized our business opportunities and are suffering because of it. There are some very creative ways to generate revenue that probably escapes you now. One of my success mentors says, “sometimes you have to slow down in order to speed up”. Could it be, as an entrepreneur or potential entrepreneur you are going so fast that you are missing other opportunities? Maybe you think that you have too much on your plate and let other opportunities pass you by? Take some time to think about this!
Whatever the case, allow me to assist you with identifying opportunities and create new streams of revenue for your family. Send an email to me at info@frederickotowles.com and I will assist you with this. Don’t let another opportunity or hidden revenue stream pass you by.
Underutilized is a term not heard very often in the American market, however many times it is actually a great observation of many families and entrepreneurs! What does it mean? The term simply refers to something that has failed to be utilized fully. Let’s think about that for a second!
Recently, I heard a story about a real estate deal gone wrong. Nothing new to those of us who keep our ears to the ground, right? Nonetheless, now the building is in limbo as there is a substantial amount of money of money due on a note. While listening to this story my question was simply, is the building being utilized to its optimum capacity? After a few minutes of quiet thought the reply was, “no”.
Like this story, many of us have underutilized our business opportunities and are suffering because of it. There are some very creative ways to generate revenue that probably escapes you now. One of my success mentors says, “sometimes you have to slow down in order to speed up”. Could it be, as an entrepreneur or potential entrepreneur you are going so fast that you are missing other opportunities? Maybe you think that you have too much on your plate and let other opportunities pass you by? Take some time to think about this!
Whatever the case, allow me to assist you with identifying opportunities and create new streams of revenue for your family. Send an email to me at info@frederickotowles.com and I will assist you with this. Don’t let another opportunity or hidden revenue stream pass you by.
Wednesday, September 09, 2009
Retirement Thoughts
As you probably know if you were born after 1960 the retirement age to receive for full Social Security benefits was raised to 67. What you may not know is that on average Americans live until age 78. This means on average people live about 11 years after their retirement date. So what, why is this important? It is important so you can develop a retirement plan early.
Eleven years after retirement is equivalent to 4,018 days. Let’s take that number (4,018) and multiply it by 100. This would result in 401,800. Why is this number important? I suggest that this is a good starting point for the target amount you and I will need for retirement. Does $401,800 seem like a lot of money? It would unless you begin to plan for your retirement today. As I said this number is simply a starting point for the amount you and I will actually need. Speak to your financial professional today to begin planning for your retirement.
As you probably know if you were born after 1960 the retirement age to receive for full Social Security benefits was raised to 67. What you may not know is that on average Americans live until age 78. This means on average people live about 11 years after their retirement date. So what, why is this important? It is important so you can develop a retirement plan early.
Eleven years after retirement is equivalent to 4,018 days. Let’s take that number (4,018) and multiply it by 100. This would result in 401,800. Why is this number important? I suggest that this is a good starting point for the target amount you and I will need for retirement. Does $401,800 seem like a lot of money? It would unless you begin to plan for your retirement today. As I said this number is simply a starting point for the amount you and I will actually need. Speak to your financial professional today to begin planning for your retirement.
Sunday, September 06, 2009
Yes We Can?
A recent radio address from President Obama suggested that Americans need to save more for retirement. Treasury Secretary Timothy Geithner also disclosed “working Americans should be able to retire with dignity and security,, but nearly half o the nation’s workforce has little or nothing beyond Social Security benefits to get by on in old age.”
One of the new incentives on the table to counteract this is to allow tax refunds to be directly deposited into retirement accounts or used to buy savings bonds.
This is something we all may want to consider during this upcoming tax season. Don’t let Social Security be your only source of income when you retire. In like fashion, don’t allow your job to be your only source of income now either.
A recent radio address from President Obama suggested that Americans need to save more for retirement. Treasury Secretary Timothy Geithner also disclosed “working Americans should be able to retire with dignity and security,, but nearly half o the nation’s workforce has little or nothing beyond Social Security benefits to get by on in old age.”
One of the new incentives on the table to counteract this is to allow tax refunds to be directly deposited into retirement accounts or used to buy savings bonds.
This is something we all may want to consider during this upcoming tax season. Don’t let Social Security be your only source of income when you retire. In like fashion, don’t allow your job to be your only source of income now either.
Thursday, September 03, 2009
The Best Opportunity Is Now
It has been said that, “character is developed through the trails of life.” This is a true statement. In like manner, I would like to submit to you that, “business opportunities are sweetest when the financial climate is at its worse.”
Let’s take a look at what is happening in today’s financial climate:
(1) Banks are attempting to bail out many homeowners who are overextended.
(2) Economists are predicting their will soon be a tsunami of home foreclosures.
(3) The government is spending a great deal of cash to get the economy to turn around.
(4) Eighty one banks have failed so far this year.
(5) There are 150 – 200 more banks expected to fail during this banking crisis.
(6) Banks may have to set aside 25% of their profits in 2010 to pay for these failed banks.
With these conditions affecting the market, it is the best time, in my opinion, to launch your business. When we look back in history, financially depressed environments have always created new business opportunities and the next generation of millionaires. Some companies and individuals prosper during recessions. You might have to re-think or re-create yourself but prospering during these tough times is possible.
Could the next generation of millionaires include you? Of course it can, but you have to be in a position for this to happen.
Allow me to assist you with discovering the best opportunity for you. Send me an email at info@frederickotowles.com.
It has been said that, “character is developed through the trails of life.” This is a true statement. In like manner, I would like to submit to you that, “business opportunities are sweetest when the financial climate is at its worse.”
Let’s take a look at what is happening in today’s financial climate:
(1) Banks are attempting to bail out many homeowners who are overextended.
(2) Economists are predicting their will soon be a tsunami of home foreclosures.
(3) The government is spending a great deal of cash to get the economy to turn around.
(4) Eighty one banks have failed so far this year.
(5) There are 150 – 200 more banks expected to fail during this banking crisis.
(6) Banks may have to set aside 25% of their profits in 2010 to pay for these failed banks.
With these conditions affecting the market, it is the best time, in my opinion, to launch your business. When we look back in history, financially depressed environments have always created new business opportunities and the next generation of millionaires. Some companies and individuals prosper during recessions. You might have to re-think or re-create yourself but prospering during these tough times is possible.
Could the next generation of millionaires include you? Of course it can, but you have to be in a position for this to happen.
Allow me to assist you with discovering the best opportunity for you. Send me an email at info@frederickotowles.com.
Tuesday, September 01, 2009
Less on Less
You may have already heard that there will not be an increase of social security payments for the 2010 and 2011. This will account for the first time since 1975 that this automatic increase will occur. In addition the Social Security Administration reports that nearly 6 million Americans will see a slight decrease in monthly payments in the coming years. This decrease is due to the slight increase in medical costs for those that have payment for medications deducted from their Social Security payments. What does this mean for those individuals who depend on Social Security?
Well it primarily means that we must discover more options. This should also serve as a notice to those who are ten or more years away from retiring. The message to you is to make sure you focus on saving for retirement now. What should those who are currently receiving Social Security payments do, here are a few things:
(1) Develop a solid budget immediately. There is something about writing out a plan or budget on paper. It makes the budget or plan realistic. Make sure you include everything in your budget, even the least expensive items. The budget should be on a monthly basis.
(2) Adjust your expenses. Cut any expenses that you can do without. We are creatures of habit. If you begin now to eliminate a particular expense, although it will be tough in the beginning, it will become easier to do without in the next thirty days.
(3) Increase your income if possible. After creating a budget and assessing your expenses you should examine your income options. Is there anyway of increasing your income without risking a decrease in Social Security benefits? If so, you may want to purse those options.
(4) Stick to your “new” lifestyle for the next 365 days. It is important to stick to this new plan for the next year. I would reassess the plan every four months to ensure that it is working. Adoption is one of the largest things for adults to deal with. Hang in there I know you can do it.
Maybe you know someone in this situation or maybe you are in this situation. There is hope for you. It is never too late to create the lifestyle you desire as long as you still have the desire to change your lifestyle!
You may have already heard that there will not be an increase of social security payments for the 2010 and 2011. This will account for the first time since 1975 that this automatic increase will occur. In addition the Social Security Administration reports that nearly 6 million Americans will see a slight decrease in monthly payments in the coming years. This decrease is due to the slight increase in medical costs for those that have payment for medications deducted from their Social Security payments. What does this mean for those individuals who depend on Social Security?
Well it primarily means that we must discover more options. This should also serve as a notice to those who are ten or more years away from retiring. The message to you is to make sure you focus on saving for retirement now. What should those who are currently receiving Social Security payments do, here are a few things:
(1) Develop a solid budget immediately. There is something about writing out a plan or budget on paper. It makes the budget or plan realistic. Make sure you include everything in your budget, even the least expensive items. The budget should be on a monthly basis.
(2) Adjust your expenses. Cut any expenses that you can do without. We are creatures of habit. If you begin now to eliminate a particular expense, although it will be tough in the beginning, it will become easier to do without in the next thirty days.
(3) Increase your income if possible. After creating a budget and assessing your expenses you should examine your income options. Is there anyway of increasing your income without risking a decrease in Social Security benefits? If so, you may want to purse those options.
(4) Stick to your “new” lifestyle for the next 365 days. It is important to stick to this new plan for the next year. I would reassess the plan every four months to ensure that it is working. Adoption is one of the largest things for adults to deal with. Hang in there I know you can do it.
Maybe you know someone in this situation or maybe you are in this situation. There is hope for you. It is never too late to create the lifestyle you desire as long as you still have the desire to change your lifestyle!
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