StayStarted: knowledge

Showing posts with label knowledge. 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)

Find out the details behind the most underutilized strategy in the U.S. today....side business tax deductions. Turn your hobby into a legitimate write- off and save $1000's each year!

Top 10 Reasons for Failure - #9 Being Normal

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

How many times have I had the conversation with someone about taking deductions for all their small business expenses, and then heard...but...I don't want to mess it up or but...I don't want to get audited.

The amount of money that people are paying the IRS because they are intimidated is obnoxious. It's like the IRS is the Mafia or something. Or a gang. Pay us money and we'll leave you alone. We'll let your children live.

OK people, time for a real live

Rise Of The Entrepreneur - Official Movie Trailer

The entire video, about an hour long, is worth a watch. You can find it here.
https://youtu.be/Ftm0zjQcPU0

Stop the Noise - the noise called other people's opinions

When I am working with people, training them, spending amazing quality time with them to get their business off the ground and running, I have an army to deal with. The start up process would be so much easier if I was just dealing with one person. But I'm not. I'm dealing with every person that has ever spoken to them and given their not-so-clever opinion about...(read more)

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

Let's see how many of you can read the next sentence all the way through before you think "no not
that". If people knew all the advantages to having any type of small business, especially a part time one that incorporates the things you are doing all ready: the things that you do in your spare time and do for free and could easily make even a small profit, they would take advantage of what the IRS itself has claimed to be their best tax write off available. If you read on, we are going to address why so many people shut down this option in their life and how most of the reasons are garbage. Getting started in a business is thought of as intimidating. Fast forward a bit and the bonus ...

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.