If you have ever done something or gone somewhere you did not want to, just because you have paid for the tickets and could not get your money back, then you have been a slave to money.
What is your relationship to money? Is money your comfort, your god, your friend, your master, servant, lover?
In a sense money does ‘talk’.
In English, Japanese, Taiwanese or French, two simple words ‘How much?’ and an open wallet can get you round most of the world. In a capitalist system we need money to function and a big part of you is the way you handle, control, manage, lose, fritter, invest, eat, burn, love, hate or worry about money.
The things money can buy have probably defined your experience of holidays, birthdays, Christmas; alongside which reside some of your most deep seated memories, and values. For example, were you brought up to ‘get your money’s worth’? What happens now when you fail to get value for money–do you end up feeling cheated or ‘ripped off’?
Think about the things money symbolises to you. When you were a child, what were the conditions of pocket money? Did money bring you joy and happiness, love, entrapment, resentment or fear?
As an adult, what is your definition of waste or extravagance? I have friends at either end of the scale when it comes to grocery shopping. One buys a lot of sausages and cheap mince and prides herself on her economy; the other spares no expense and buys exotic fruit, fresh salmon and expensive, lean cuts of meats without exception. Her argument is you can buy a lot of quality food for the price of a triple heart by-pass or a mobility scooter!
What does prosperity mean to you? Some financial advisers advocate that you save $3.50 a day (the cost of a cup of coffee) so you can reap the benefits of compounding interest and retire in moderation years later. I was inclined to agree with this advice until the day I realised that having the disposable cash and time to enjoy a bought coffee a day was prosperity. It was neither a wasted opportunity to save, nor an extravagance.
Money means different things to different people, and it can buy us experiences that are unique to us.
A friend of mine told me her dream was to buy a brand new Porsche. Bridget had worked out she could afford it if she added the loan to her mortgage and paid it off over 25 years. Being financially savvy she knew the real cost of the car but said it was something she just wanted to do in her lifetime so the expense would be worth it. When I found out she had not yet driven one we arranged a test drive. We had only been driving five minutes when I asked her if the car ‘did it for her? Was it worth it?’ She replied, ‘I don’t know, I think I might sooner …
Most successful Network Marketers know that to add front end income while building long term success, you must have an SLO (Self Liquidating Offer).
The goal of this article is to answer these Questions:
All very tangible questions and you about to discover the answers!
“What is an SLO (Self Liquidating Offer)?”
It’s actually quite simple. A self liquidating offer is simply something that you can offer up front for low cost to create up front income for your business.
Now this income is mainly to cover marketing costs and while you can profit, the main reason of an SLO is so that you can pay for your marketing and if done right, expand your marketing!
An SLO can come in many forms:
But basically its a Generic informational product (i.e. an eBook, Training Course, Personal Product, etc.) really anything that you can offer your prospects that is of value to their needs/ wants.
Usually an SLO will consist of an eBook that sells for $20-$40 and is attractive to your prospects.
Of course the lower the cost, the more attractive to your prospects.
A $20 SLO is better than a $40 SLO just because the lower the cost the easier it will be to sell.
An example of an SLO (Self Liquidating Offer) would be Mike Dillard’s “Magnetic Sponsoring”
When you initially purchase your own copy it will cost ~$40. Once you make this purchase you become an affiliate of the course and you are instantly able to refer others.
When someone you refer buys Magnetic Sponsoring you will get paid ~$20.
Your prospect benefits from incredible knowledge and skills – You benefit from a little boost in front-end income.
So now you may be wondering:
“Why have an SLO?”
Well from the above example you now know what an SLO is – Now I will tell you Why you need it!
You see, most people start online based on hype that they will make instant money with their MLM or Direct Sales business and the Compensation plan. Though soon most find that it doesn’t happen like that and making money requires A LOT more effort than just joining a business and telling people how “Cool” and “Revolutionary” it is.
With that said, those that utilize an SLO in their front end will begin to make money up front which will in turn allow for more marketing and you guessed it, more prospects!
With an up front income not only will it keep you excited about working online but it will cover most of your up front costs while you work towards that “Holy Grail” that is known as Residual Income.
So “Why have an SLO?”. It’s very simple, so that you can make money to cover the costs of your marketing, which allows you to market More, and ultimately will allow you to generate more leads, …
You’re at a networking event or in a business meeting and an attractive person walks into the room. You feel your pulse racing and something starts to stir in the middle part of your body. Not to worry, it’s not your lunch coming back up. You’re feeling the vibe – the “I want to bag you” vibe.
It’s difficult to turn a business contact into a date. You met over very business-like circumstances and you could ruin a possible joint venture, partnership or alliance if you make the wrong move. A contract may not be signed if you ask for a date and the person just isn’t interested.
To avoid ruining a business relationship with an ill-timed request for something on the wild side, follow these six winning tips to turn a business contact into a date.
If you want to get approved at the best possible terms when buying a car, it’s important you know a car lender’s credit guidelines before you apply for credit…especially if you’re bankrupt.
It will save you time and frustration–but more importantly, it will help you avoid credit inquiries that may lower your FICO credit scores up to 12 points per inquiry.
Step 1 in making a lease or buy decision is to determine a lender’s credit guidelines.
You start by asking if they lend to people with a bankruptcy. If so, on what terms?
That’s right. You have to be upfront that you’ve filed bankruptcy. Don’t hide it. We have to face the fact that some dealers just won’t work with people who’ve filed bankruptcy. So our job is to find the ones that do.
Some lenders will only lease to people with a bankruptcy. Others will only offer purchase financing. Yet still others will only lend using a hybrid of the two–this is especially common in Texas.
Ask the finance director at the dealership to direct you as to what structure the manufacturer prefers.
And here’s a quick tip for you: if your bankruptcy doesn’t appear on the credit report your lender pulls–then, in the eyes of the lender, you’re not bankrupt.
The only lenders I would consider using are:
– First choice: Captive lenders (car manufacturers)
– Second choice: Banks (not finance companies)
– Third choice: Credit unions
Ninety-nine percent of the cars I’ve leased over the years have been with captive lenders. Just one was leased by a bank.
That particular deal came from a conversation I had with Amy, the finance manager at the local Land Rover dealership here in Indianapolis. I told her I was open to her financing recommendations, but I preferred financing through the car manufacturer.
I told her my current FICO scores. She immediately said that with my scores she could do better through a local bank. I signed a credit application and told her to go for it.
The next day I signed a lease agreement with that local bank. Being open to her advice literally saved me hundreds of dollars a month on that car.
So be flexible…but be careful. It seems most car dealers call all of their funding sources banks. When in reality some are banks, some are credit unions, and most are sub-prime finance companies.
Here is a list of some of the most commonly used sub-prime auto finance companies:
1. HSBC Automotive
2. Capital One
4. WFS Financial
You want to pass on the sub-prime finance companies–unless you have exhausted all other options. Sub-prime lenders should be your last resort.
And only use credit unions if they report to all three national credit reporting agencies. How do you find out if a credit union reports to all three credit reporting agencies?
Simple–you ask. Ask the branch manager at the credit union if they report. And after you get the loan, check all three of …
There is an old saying that goes: What is the best way to eat an elephant? One bite at a time!
Personal property is the elephant of an estate. It is the responsibility that can take up most of your time, and it provides the estate with the least amount of money for the effort involved. But, dealing with the personal property cannot be avoided. The property must be inventoried, valued, distributed, or sold. Let us start our analysis by looking at what property we have (inventory); then we will determine what it is worth (valuation). In a future post, we will determine what to do with it (distribution/sale).
When you go to the courthouse, the clerk will provide you with the form you will need to fill out for the inventory. The form will ask you to provide general categories and a value for each category you have listed. For example, you would list: furniture, $1500; office equipment, $300, etc.. You will not have to list the items separately, such as sofa, $100; chair, $5; typewriter, $25. I suggest that you do keep a list of the individual items, though. Although you will not have to go into a lot of detail for the court, you will likely want a more detailed inventory for yourself. You will want this for two reasons: to track the sale of estate property, and to protect yourself against claims of heirs and/or creditors.
You do not have to get real fancy with with the inventory; pencil and paper will do. If you are so inclined, there are home inventory record books available at office supply stores, or you can purchase software online. There are also companies that specialize in taking home inventories.
You will need a helper. One person sorts and counts while the other writes. Start inside the house, and work your way from the top of the house to the bottom. Go room to room with a consistent pattern so that you do not miss anything: always clockwise or counter-clockwise around the room. Write down what is on the walls as well, not just what is on the floor. For small goods, write down identifiable groups of items such as 200 hardcover books, 100 paperback books, 42 nick-knacks, etc.. On your list, put a star next to any item that you think may be valuable. If the nick-knacks are porcelain and the books are first editions, they are valuable items. When you are finished, follow the same procedure for the outbuildings: the garage, shed, workshop, or whatever. If there is a rented self-storage unit, vacation home, recreational vehicle or boat, they will need to be inventoried as well.
When you file the inventory at the courthouse, you will need to state a value for the personal property. For run-of-the-mill household items, a good resource for determining the value is the software program It’s Deductible that comes bundled with the income tax program Turbo Tax. It’s Deductible can also be purchased separately. …
Your business can be broken down into 4 segments or component parts.
I call these as the 4 MAJOR COMPONENTS of a business.
Through extensive research and study of the most successful businesses worldwide, I have likewise determined that there are 4 common focal points found in a successful strategic plan for Business Growth and Profit-Building. These common focal points, or 4 MAJOR COMPONENTS, are interrelated and can be made to fit together like the pieces of a puzzle.
When you clearly identify them in your own business, and then strategically harness their power to function cohesively, the 4 MAJOR COMPONENTS can produce EXPONENTIAL business growth. And that kind of business growth leads to an increase in bottom-line profits!
So what are these 4 MAJOR COMPONENTS to a successful strategic plan for business growth and profit-building?
Let’ briefly explain what these 4 MAJOR COMPONENTS are, and what they have to do with developing a strategic plan to successfully grow your business and increase your profits.
The 4 MAJOR COMPONENTS
MAJOR COMPONENT 1 is your business’ VISION, GOALS, & MISSION.
When you consider your business’ VISION, GOALS, and MISSION, your chief aim is broken down into 2 parts. First, you must carefully analyze and clarify what direction your business is currently heading in right now. What is your VISION for your business? What are your personal goals and business objectives? And finally, what is your Mission for your business? Do you have these 3 clearly set out? You need to in order to start seeing real growth in your business.
Second, you must determine whether you need to change course to develop the business growth you want and the increase in profits you need. Having clarified your VISION, GOALS, and MISSION, you will then know in what direction you want to steer your business to generate the business growth and increased profits that you want.
As you work through and implement any business growth plans, keep referring back to MAJOR COMPONENT 1, your VISION, GOALS, & MISSION.
MAJOR COMPONENT 1 is the guiding direction for your business, just like a compass pointing to “True North”.
MAJOR COMPONENT 2 of the business growth and profit-building process is your Business Operating Systems, Management, & Training.
I liken MAJOR COMPONENT 2 to the engine that drives a car. When you consider MAJOR COMPONENT 2 in your own business growth plans, you accomplish 4 things:
1. You undertake a review of your business’ engine; that is, your staff and contractors. How can they play a positive role in growing your business and increasing your profits?
2. You consider your hiring practices. How they can impact your successful business growth at the front end…, when you hire others to join you.
3. You evaluate and design your management and training processes to support the business growth that you are striving for. And,
4. Most importantly, you strategically develop the specific operating systems that your business must have in place to effectively and efficiently run …
Virtually every Personal Trainer will have a series of letters after their name indicating some, if not all, of the fitness certifications they hold. Often it will be CPT, meaning Certified Personal Trainer. The organization that bestows the title is more important than the letters CPT. This article will give you an idea what to look for AND what to look out for in a Personal Trainer’s certification. Armed with this information, you will have a much better opportunity to hire the right Personal Trainer for YOUR needs.
Currently there are currently only seven organizations in the exercise industry that meet the stringent requirements of the National Commission for Certifying Agencies (NCCA). The American College of Sports Medicine, the American Council on Exercise, The Cooper Institute, the National Academy of Sports Medicine, the National Council on Strength and Exercise, the National Federation of Professional Trainers, and the National Strength and Conditioning Association.
Holding a certification from one of these organizations does not mean you’ve found a Great Personal Trainer. It means that individual meets one of the criteria for being a Great Personal Trainer (see my article on The Five Traits of a Great Personal Trainer) and may possibly be the person to help you get in the best shape of your life. Getting in the best shape of your life does not include limitations for age or your current physical condition. Unless you are afflicted with an ailment that precludes exercise, a Great Personal Trainer can help you get in the best shape of your entire life, as safely, painlessly, and expediently as possible, regardless of age or current physical conditioning. That is the Personal Trainer we are seeking!
A certification from one of the above organizations means the Personal Trainer has met a strict and thorough process to become a Certified Personal Trainer. They have an understanding of anatomy and physiology, which exercises work various muscle groups, a basic understanding of designing an exercise program for a variety of clients with differing physical abilities, and the knowledge to implement those programs. Importantly, the organizations also require CPR certification and continuing education to maintain certification. CPR certification is important for obvious reasons…and not just in an exercise setting. If you are not CPR certified, consider doing it. You will learn how to potentially save a life with a few hours training.
The continuing education requirement for Personal Trainer certification is vital because exercise science is a dynamic discipline. Ongoing research studies by non-biased entities, such as universities and hospitals, provide constant information updates on our understanding of how exercise affects the human body. This promotes more effective program design and more efficient results for the client. In other words, by staying informed about updates in exercise science your Personal Trainer can continue to help you achieve peak performance, improving your fitness level as proficiently as possible!
There are too many “Certified Personal Trainer” programs to list that do not meet the standards of the National Commission for Certifying Agencies. …
As we grow from children through the teenage years and into young adults we are taught many things, both from our parents and through school, but the one thing the vast majority of people are never taught is how to budget money. Unfortunately this is the one skill that everyone needs to know. Keeping a proper budget and tracking what your money is doing is the best way to stay out of debt and build wealth.
Money is a powerful tool in life, if we learn to make it work for us. Most people work for their money but once they have it, in their paycheck, more often then not they do not keep track of it once it hits their checking account. Writing down expenditures in the check book register is not keeping track of your money because once it is written in there it is never looked at again.
Learning to budget your money is an important step in your financial health. Once you have written down your income and expenses you will start to see where you money is going and some of it may surprise you. It will be the small expenses that add up the quickest. Spending five dollars on lunch everyday, or that morning coffee you get on the way to work can add up to several hundred dollars a month. That is money that could be doing more good if used more wisely.
Let’s put some math to that. If you spend 5 dollars for lunch a day during the work week that’s $25 a week or $100 a month, give or take $5. Over the course of a year that’s $1200 spent on lunches. If you start adding all the other small expenses that occur every month before long you may find you have enough to pay off any debt you may have but also start saving towards a healthy financial future.
The first step to learning to budget money is writing everything down. Start with you monthly income and write that down at the top of a piece of paper. Now you know how much money you have to spend through the month. Start figuring up all your monthly expenses. This includes everything from your mortgage and utility payments, car payments, credit cards on down to the smallest expenditures. Write these down keeping them in specific categories. Subtract your expenses from you income and see what’s left.
This is your first budget because it shows you what your money has been doing every month. Now that you do indeed have a budget you can look at it becomes much easier to not only see where the money is going but also take back control of where the money is going. And when that happens you can start to set goals, both short term and long term, for your money.
It will take some time to get your money budget dialed in. Most people say that if they stick with it they …
Would you like to make money in your spare time or on the weekend? Or, even work completely for yourself? One option is to start your own sprinkler repair business. People may mow their own lawn in a recession, but they will rarely do their own sprinkler system repairs. Armed with these 5 Insider Secrets for Starting Your Own Sprinkler Business, you can be off to a good start.
Insider Secret #1: Price by type of repair. When you buy a shovel at the hardware store, the price tag doesn’t split out parts and labor. So, why charge your customers in this manner, detailing both parts and labor? It’s no one else’s business but your own how much you are making on labor. For each repair that you perform, have set prices that include parts and labor. For charge, charge $45 for a rotor sprinkler replacement. The $45 covers the parts price of $12 and your labor charge. Pricing by type of repair allows you to quickly quote repairs to potential customers.
Insider Secret #2: Gathering customers is more important than your repair skills. This is actually quite logical — without customers calling you to do repairs on their system, you will have no chance to show off your repair skills. Therefore, you must focus your limited time on driving customers to you — by telling everyone your know that you are in the sprinkler repair business; by taking the time to write Google and Yahoo business postings so that you show up when people search for “sprinkler repair” in your geographic area. The quality of your work is important, but don’t delay starting a business in order to learn more about repairs. You will learn by doing in this business!
Insider Secret #3: Call back customers promptly. This secret may seem like a no brainer, but you will be shocked and amazed how many of your competitors — many of them focused on their big-profit installation jobs — will not even call back customers in desperate need of sprinkler repairs. It’s your job to snap up these quick repair jobs and make a profit!
Insider Secret #4: Get to know an irrigation or plumbing supply wholesaler. Do a Google search to find irrigation or plumbing supply wholesalers in your area, and then visit them. Personally meet 1 or 2 of the salespeople, and tell them that you are interested in a starting a sprinkler repair business. They will tell you the commonly used sprinkler equipment in the area, likely extend you a line of credit, and even provide training on their products. They will be indispensable to your business.
Insider Secret #5: Organize and protect your business. Your repair business must be started on solid ground. That means protecting your business and yourself personally by using a proper business organization structure such as a corporation or limited liability company (LLC) for protection. Form your business organization, then establish a bank account for your business — never commingle personal …
I am going to assume you don’t want to break the law or rob a bank, because as quickly as it could make you wealthy to rob your local casino, it is just not the right thing to do. I will also assume you don’t want to marry money or hope for a winning lottery ticket, what I am going to propose is a sound and hopefully rational explanation of the quickest way to make money on Earth.
First, I want to introduce you to the three types of money. Time money, Credit money and Solutions money. All three of these are ways to get money. Time money is connected to time and is typically offered in a job. You work 8 hours, you get 8 hours pay. The very next day you start from scratch, the work you did yesterday has been paid for and you will never earn for those 8 hours of work ever again. The next is credit money and this type of money trades tomorrows hours of work today. Typically, you can only get credit money, if you can prove you work in a job and have access to time money. So these two methods of getting money are both closely connected to the time component.
The third type of way to get money is solution money. Its where the fun begins. Most of the corporate world makes its money this way and pays their staff slow time money. While they make $100,000 in a single afternoon, they pay their staff an hourly wage. There is nothing unfair about this, but it is important to note that solution money has no time component. Solution money is made by creating solutions to peoples problems.
The quickest way on Earth to make money is to earn it offering solutions to peoples problems. The more specialized and effective your solution, the more in demand that solution is, the more ridiculously high your income will be. Company’s. are groups that have money, lot’s of money. If a company has a problem or to be honest, even the Government, for that matter, then, this is ideal for people wishing to make money quickly. But for the average person, how does this translate into income today? Well…it’s true, average people don’t have much money, but the point is getting paid to fix problems for people that need help. Even average people without much money would pay a handsome and quick payment to somebody that could assist them with a quick solution!…