In the mid-1990s, and man named Robert Kiyosaki wrote a book called Rich dad, poor dad. This book was one of the first books that said your house was not a financial asset. Many people at the time argued that your house is an asset. Different people define a financial asset with a different definition. We are going to go over the various definitions that different people use.

If you live life according to Robert Kiyosaki’s principles, then a financial asset is something that gives you money each month, quarter, or year. If you were to quit working today, your financial asset would continue to bring in money whether you did anything or not. That is what he defines a financial asset as. Robert also defines a financial asset as something you can sell and turn into money, but his first principle of an asset is something that gives you money each month whether you work or not.

Other people define an asset as something you can sell them turn into money. Different examples of these types of would include money in your bank accounts, stocks, bonds, and mutual funds. Your 401(k) and any other retirement money that you have set aside are also considered assets.

Bankers allow you to count personal possessions as assets, such as your boat, car, and jewelry that you have. When you are applying for a loan, if you have more financial assets in the form of a boat or car that is paid for, the banker will look favorably on this. Of course your banker will consider any mutual funds, 401(k) retirement accounts, cash in the bank, and stocks as an asset to.

We all have different definitions of what an asset is financially and I urge you to look into yourself and see what your definition is. If you are considering your car a financial asset, consider this question. How much did you pay for your car and how much can you sell your car for? If you cannot sell your car for the amount that you paid for it or more, I suggest that it is a financial liability. Losing money on a position should not be defined as an asset, no matter what the situation. Sit down with the pan and paper and write down what you think an asset is. Write down what you currently possess that is a financial asset. Can you sell it today if you had to? If so, would you be able to get more for it than you paid? Understanding the difference between as asset and liability can mean the difference between becoming rich and staying poor.…

Are you using pre-approach letters in an effort to secure appointments? How well are those letters working for you? If your results are less than you’d like this article will help you make some adjustments to those letters and improve your insurance sales results.

Realize when you take the time and spend the money to actually mail a pre-approach letter that letter has to produce results greater than the costs associated with the mailing. If it doesn’t then continuing to do what doesn’t work isn’t going to produce different results. No big surprise there yet it amazes me how people will continue to send a letter they already know doesn’t work and expect a miracle.

There is an incremental process that has to happen to have a pre-approach letter work for you. The first step in the process is getting your letter opened. Don’t use one of your fancy letter head envelopes when mailing these letters.

If you want your letter to get opened it absolutely has to look like a personal correspondence. The easiest and cheapest way to do that is to use a plain envelope hand addressed and sent using a live stamp. A live stamp is just a postage stamp like you buy at the post office versus any kind of bulk meter postage.

Your reader is standing over the waste basket sorting their mail and deciding what gets put aside to look at, and what gets immediately thrown away. They open yours because they’re curious as to who is sending them a letter. You’ve succeeded in the first step.

When they pull your letter out of the envelope it must still look like a personal message, so again don’t use your fancy letter head paper because when you do you immediately trigger their defenses. As they begin to read your letter your first sentence must clearly communicate the value to them in reading your message. They must immediately get that you get what’s going on with them.

The reader will not perceive value in an offer from you for a free review or a personal appointment. They’re thinking so what. You’re a complete stranger they don’t know anything about you and they certainly don’t see any reason to give you an appointment. That’s the wrong offer.

The right offer will provide them with something that does have perceived value for them. Offer them something they do want and tell them the exact actions to get the offer. Then allow them to reach out to you first.

Some will reach out immediately others won’t. You need a system to properly follow-up with each person. Your objective when you call the people who reached out to you is to determine if this person is a good potential client for you. Only extend an offer for an appointment to the people highly qualified to work with you who realize there may be a reason to meet with you and learn more.

Look at your current pre-approach letter and match …

Quite a lot of people today are turning towards Christian businesses since these are highly targeted niches that receive much success. Starting a Christian t-shirt store online can be a great way to earn additional income. However, you do not really have to spend a lot for marketing your business. If you learn how to promote a Christian t-shirt business at low cost, it is quite possible for you to enjoy good revenues. The marketing tips that have been discussed here will provide you several helpful ideas to start with.

How to Promote A Christian t-shirt Business

• One of the best ways to promote this type of business is to get an article or an advertisement published in your local Christian newsletter or church newsletter. If your local church has a website you can also get your company promoted there so that you would be able to target a huge amount of audience. Provide a few good pictures of your t-shirts along with effective text.

• One of the best, free and the most effective way to market your business is by wearing your t-shirts yourself. If your t-shirts are unique you would certainly be generating a lot of inquiries from everyone. Hand out a few t-shirts to your family and friends so that they can wear them and advertise your business for you without hanging out any money at all.

• If you are wondering how to promote a Christian t-shirt business online then you should know that article marketing is one of the most effective marketing methods. Write articles and get them published on various article directories for free. Include a link to your website and you would be generating a lot of traffic in very less time.

• Join a few online forums for Christians and talk to others. Ask questions, leave comments on the profiles of others and answer questions regularly. Ensure that you leave your signature and a link to your website.

• Create attractive, interesting videos and post them on YouTube. This is one of the best and the most effective ways to market a t-shirt business online. Creating videos is not really difficult. If you make it personal your videos would generate even more interest and would be very effective.

• Offer good discounts and attractive schemes on a regular basis to your customers so that they would be able to take the benefit and save money.

These were only a few good and low cost methods in which you can save money while promoting your business. If you learn how to promote a Christian t-shirt business, you would be able to generate more revenues over time. …

Believe it or not, you are ahead of over 90% of the population simply by your decision to start your own business. Whatever the reasons, it is important that you start right. In this guide I will show you the steps to take to start a storage shed business.

Getting started can begin with simply saying, “I’m starting a storage shed business.”. Now you need to create a business plan to follow. Without a plan you won’t have any sense of direction and before long you won’t know where to go or what to do next. Most new businesses fail within the first two years simply because they didn’t have a written business plan.

Business Plan;

Step 1. Name your new business. Don’t too clever here. Keep it simple and to the point. You want people to know what you do simply by reading your company name.

Step 2. Separate yourself, financially from the business. This involves separate business checking accounts and lines of credit and credit cards. You may want to talk with an attorney about incorporating your business or creating an LP, or LLC. The last thing you want is to lose your home and personal belongings due to a legal matter with a supplier or customer.

Step 3. At this point, you need to decide where you will get the sheds that you plan to install.

A. You can buy a franchise from a storage building manufacturer. This takes a large chunk of money up front, but they will supply you with everything you need to market and sell their pre-built storage buildings and barns. The company will probably require you to have a vacant lot on which to display their models.

B. You can go to your local home improvement center and arrange with the store to install the sheds that their customers buy. This is easy and doesn’t require any selling on your part. But you are stuck with waiting for the store to call you with work.

C. You can buy the materials and, using customizable storage shed plans, build the exact storage sheds your customers want. This will take more time, of course, but will give you the most satisfaction when the job is done. Also it gives you complete control over your new business.

I hope this answers your questions about how to start a storage shed business. Just remember, before you ever start building and selling storage sheds, you need to have a business plan.…

SEO is the acronym for Search Engine Optimization, and it includes all the strategies and techniques that will lead a certain website to a higher rank and a better position in the search results of a certain search engine. Nowadays, SEO and marketing are inseparable concepts. This means that you need it in order to make your business more profitable and successful.

This is the time when, no matter the field of your business, you certainly have a pretty strong competition there. In these conditions, many business owners are happy to just keep their head above the water, but this is definitely not the key to success.

The question is how can you make noticeable progress and be successful if you have a small business? We will offer you an answer that has already been tested by a multitude of small businesses: hire an SEO agency.

1. SEO is not a piece of cake

After you read a few articles on the Internet, you may think that SEO strategies are not such a big thing. In fact, who can not deal with keyword density, put out links and things like that? The truth is that SEO strategies are a lot more complex, and a successful one requires a lot of time searching the right ways to increase your website ranking.

Moreover, it is important to understand the previous SEO techniques and know why they failed or not. This will help you understand the actual and future SEO tactics. Concepts such as keyword density are history now.

2. Save time

SEO can not be learned overnight. If you want someone from your company to understand the technique and be good at SEO, you have to provide him with a lot of time for research and study. Taking into consideration that your employee did not know too much about SEO before, he will probably be overwhelmed by the multitude of old strategies that are no longer actual. If you convince all of your employees to do some research about SEO and apply some SEO strategies, this is nothing but a waste of time and money. Let your employees do their jobs, and hire an SEO firm.

3. Save money

A wrong strategy will fail and all the time and money you have invested will be wasted. Moreover, you will need some SEO software tools that may seem quite affordable at a first glance, but they are expensive if you calculate the costs. Even low-cost SEO software tools are pricey, and they can not do the job of an SEO expert. Not to mention that you will have to learn how to use them on your own.

4. Search engines' algorithms are always updated

If an algorithm is updated, this means that, most probably, some of the ranking factors have changed. This happens very often. An SEO agency will always be aware of these updates, and they will change the strategies and techniques according to every new update. Keeping up with all the …

This lesson is really adapted from Robert Kiyosaki’s book, “Who Took My Money?” I strongly encourage investors to read this book. He writes that the Velocity of Money is the one reason why rich get richer and the average investor risks losing it all. I agree. From Robert’s book, he writes “As a professional investor, I want to…

1. Invest my money into an asset.

2. Get my money back.

3. Keep control of the asset.

4. Move my money into a new asset.

5. Get my money back.

6. Repeat the process.”

When I teach my homes buying homes investment strategy, I am teaching Robert’s velocity of money concept. I read Robert’s book in the summer of 2005. Little known to me, I was already teaching the velocity of money and didn’t really realize it. Thankfully, I was already utilizing it with my investing.

To give you an example: Let’s assume you purchase a nice single-family home for $200,000. To purchase this home, you use a 5-percent down payment loan program and invest approximately $10,000. You use a fixed, interest-only loan program and your total monthly payment is, say, $1,400. You offer this home on a Rent to Own Program. Your new tenant/buyer gives you $6,000 up front on this lovely home and picks a program paying you $1,695 a month in rent.

After collecting your up-front payment, you would still have $4,000 invested in this property ($10,000 down payment less that $6,000 upfront payment received from your tenant/buyer). Your monthly cash flow would be approximately $295. (Rent of $1,695 less your payment of $1,400) It would take you another 13 1/2 months to recover your remaining $4,000 invested. ($4,000 divided by $295 monthly cash flow) In this example, it would take you around 14 months to complete steps 1, 2 and 3 above. You would have invested in an asset, gotten ALL your money back and kept control of this same asset. Now you are on to step 4, which is move your money into a new asset. Robert continues his teaching as follows:

“A professional gambler wants to be playing the game with house money as soon as possible. While in Las Vegas, if I had put my money back in my pocket and only played with my winnings that would have been an example of playing with house money. The moment I began betting everything, I lost the game because I lost sight of my goal, which is to stay in the game but to play with other people’s money, not my own money.”

When you come to a point in your investing at which you have gotten all of your money back and still own the asset, you are playing with house money. In this example, after Month 14, you would still receive a cash flow of $295 a month until the property sells. This is all house money. Now let’s move on and assume that the your tenant/buyer doesn’t purchase your home during the …

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:

  • “What is an SLO (Self Liquidating Offer)?”
  • “Why Have an SLO?”
  • Plus, “How can You Implement an SLO into your Business effectively?”

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, …

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

3. AmeriCredit

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. …