‘Wealthy people think and act in certain ways.’ -Wallace Wattles Learning to think like wealthy, successful people is the first step to being able to act like they act so you can duplicate their results in life and business. This category of posts is dedicated to the conditioning of the mind into wealth consciousness.
A few years ago, when I first started earning a good sized income from home, I was somewhat shocked to discover that on top of my normal income tax rate, I was required to add on another 15.3 percent in what’s known as self employment tax. Fortunately, I discovered a legal strategy that saved me …
I’ve had an auto ship (monthly recurring product cost) each month since I joined Home Business in 2005. 13 years. In that time, never can I recall, ever complaining about it or wishing I didn’t have it. I’ve never really thought about my auto-ship as an expense. To me, it’s always been an asset. Of …
When I woke up this morning that line from that old Dire Straights song was playing in my head. “Money for nothing…” This concept has driven all of income producing activities for the last 9 years. Not that I want money for nothing now, but at some point, I want to have money coming in …
Yesterday I was sitting in my car with my 8 year old son, Kyson, and he asked me, “Dad, can I have this pile of change?” ‘Sure son, you can.’ Then I thought for a moment. When he grows up, he’s going to be responsible for providing for himself and his family and I want …
Have you ever wondered why, often, you’ll see top earners in home business transition to selling training & information. Some even move their full time efforts and begin to focus 100% on this type of venture. Someone told me that in one giant legacy network marketing company, the lion share of the profits were being …
One of my favorite mentors, Jim Rohn, said ‘You should set the goal of becoming a millionaire, not for the million but because of what it will make of you in the process.’ But then, Andrew Carnegie told Napoleon Hill that not everyone should set up the goal of becoming a millionaire, because for some, it …
A while back a friend asked what my definition of ‘millionaire’ status was. Being a millionaire, in my book, is all about net worth. Net worth: The value of your assets minus your liabilities (debt) If you have a house that’s worth $300K and you owe $250K, your net worth in this example would be …
In years past gathering my financial data for my accountant was a 2-3 day affair. I just finished that entire process in just about 2 hours. Part of the reason it went so fast this time, was because I’ve been keeping business books with QuickBooks online for my businesses. Instead of spending hours trying to …
The other day, as we were studying law of success #3, the habit of savings, one of our mastermind participants, Lillian Gregory, mentioned how the ideas of budgeting and saving money never seem to get her excited. I can totally relate. Budgeting and saving money for the sake of budgeting and saving money alone, never …