StayStarted: growth

Showing posts with label growth. Show all posts

Passive income isn't a luxury any longer

Understanding the concept of passive income is as basic as understanding our need to eat. I like to eat. I have always enjoyed eating. Why would I ever think that I won't want to continue to do that in the future?

The process looks like: I work, bring in money, buy groceries. My parents bought the groceries when I was a kid And they worked and brought home money to have that happen. I really like that they did that for me, even if I didn't appreciate it until I had to buy my own.

Stay with me here. My Mom is 77 now. She does buy her own groceries still, but definitely not with the same process that I go about it. She doesn't work and bring home money. She takes her handy dandy SS check and my Dad's pension check that is directly deposited into her account on the 1st of each month and purchases the things she needs. As a matter of fact, she pays her taxes that way. She also pays her utility bills, phone bill, home maintenance, clothing, and even her weekly casino slot entertainment she likes to do to pass time...all from money that "just lands in her checking account."

Somewhere along the way most of us will be buying our groceries in a manner very different than how we do it now-assuming you are currently capable of working for money. We all must find a way to generate income through our entire lives. I have heard the famous "I will just work until I die" line over and over. That is the dumbest thing I have ever heard, ...(read more)

There's a lot of people playing defense and the game doesn't get won that way. You might avoid getting killed or stomped on by defending yourself, but there will be no winning. It's human instinct to win, to compete, to want to be the best. We're born that way, and it just depends on how soon that instinct starts to get squashed.

Winning requires offense. Winning requires intensity and belief that if I put everything I have into my game then maybe -just maybe -I can overcome the competition. It's about perspective. Does defeat and losing convince you it can't be done, or maybe it starts to occur that you could give it everything you have and winning might still evade you? Winning is slippery, but it's also

Your current cronies are not going to pay your electric bill or your kids college.

New cronies might.

Yes, new ones just might do the trick. Did you know that the average income of the crowd you hang with will inevitably be your own? Ewww

Proven fact...not opinion.

So I'm thinking it might be time for a check up of your aging friends list. They have influence on you. A lot. And being unaware of the impact isn't

K.I.S.S.
Keep It Simple Stupid

Self employment and small business ownership are not inconsistent, unstable, or risky. It is our actions that are inconsistent, unstable and risky. Manage yourself and you win.

When I started part time in my new venture 23 years ago, keeping my full time gig for awhile I had great mentors. They taught me focus and I listened. I had success (amongst the normal struggle) and quit my J.O.B. less than 2 years later.

Although I was training and

Do you tell yourself this lie about your success?

When I made my jump from my own J.O.B. (just over broke in case you forgot) to my own business that I had been working for the last 18 months part time, I was worried. You probably should be too. It was a first for me, how would I really know how I would do? At 26 I was still getting to know myself, what was important to me, who I really was. I lost sleep from excitement as well as the unanswerable questions. Would I work as hard for...

I'm no stranger to hard work. In fact, this was the one virtue that I really believed would get me ahead in life. I didn't think I was overly bright. I definitely was not more organized than most. And naivety was my speciality.

Work ethic though? That was in my bloodstream. I was brought up to view hard work as the one thing that would put me ahead in the workforce, and I'm not disputing the lesson. It stuck and I'm grateful my parents instilled this in me. There is a very large portion of our country that simply need to work harder. But there was something quite obvious

Your Business Pipeline...It's Just Math

There is entirely too much winging it going on out there. No wonder the general consensus is that self employment or business ownership is not stable. It is known to be inconsistent and as I've heard ad nauseam...not a "real" job. Well, thank goodness for that, since I never want to have a job again, ever.

I was self employed for years and a business owner for years after that. As a self employed person I relied on myself, and as a business owner I relied on my team. I dreamed for so long that there would be a day when I could rely on an income that wasn't solely generated by me.

While I was self employed I had fluctuations in my income. These fluctuations had nothing to do with my industry. They also didn't have anything to do with my clients. What causes fluctuations? The economy? The weather? Is it random?

If so, then what we are implying

Here’s a checkup for you to see if this applies to you or not. Some of you are convinced right in this moment there is no way this is you. That means there is even a higher chance it is! One of the biggest symptoms is dismissing an idea immediately. So you should keep reading.