24 February 2011

Learning From Children

The other weekend I was relaxing with my cousin and his young child and whilst observing his mannerisms I had so many take away moments with regards to things that young children can teach us that I felt compelled to share them with you. It’s some of the most basic things that we forget about that we can remind ourselves of just by observing the way a child behaves and views the world that can catapult us to wealth and happiness.

Children are always venturing out into

16 February 2011

Finding A Business Accountant

So guys, I finally managed to get over to a business accountant to discuss my ideas and how I plan to execute them. The accountant I saw was very good and came recommended from a work colleague whose husband has a small business of his own. Initially when we go down to talking I gave him a brief overview my business was about and what I was trying to accomplish.

The conversation that followed was very informative, and most of it focused on determining the best structure for my business. He taught me about the pros and cons of each business structure, and helped me to become better informed as to which one would probably best suit my own business needs. He also explained in greater detail the services that an accountant could offer if you were willing to pay for them! 

They can help you with things such as the following:- registering your business

14 February 2011

Mr Kiyosaki On Raising Capital

8 February 2011

Buy A House With Zero Cash

Would you like to hear more about money that automatically comes to you whether you work or not? What if I told you that you can buy a house with very little or no money with which to invest? Read on…

In ‘Income To Make You Rich Pt 3’ I spoke about the fact that passive income is the ultimate investment, allowing you to put your feet up and have your cashflow on autopilot. This is what the super rich do, regardless of their individual professions. Almost all of them, without exception, invest a portion of their wealth in property/real estate. Why?

It’s because it is the ultimate investment vehicle, with the most favourable tax advantages. The returns are so much better than leaving your money in a bank, where you simply won’t make the kind of money that can be made from investing in a place for people to live and enjoying the cashflow it provides.

4 February 2011

The Financial Statement - A Primer

After talking a business friend of mine, he hammered home the importance of learning how to read a financial statement. After I told him “I’m not really interested in all that stuff, I’ll just get someone else to look at it for me” he said “Alex, it’s mandatory! Without knowing how to read them, you’re a sitting duck!”

With that in mind, and eager to make sure that I start off on the right footing, I decided to explore this in great detail and acquire the skills necessary to be able to read financial statements well. It took a while for me to knuckle down and learn what I needed to, seeing as I always had a fear of ‘numbers’ and that the idea of a financial statement seemed extremely complex and confusing. In this post, I intend to share the knowledge I acquired in this area as best I can, without putting you to sleep! This is the first of a 5 part series. [Part1, Part 2, Part 3, Part 4, Part 5]

1 February 2011

"My own mentor, Mr. Schoaff, had an interesting way of teaching it. When I was 25 years old he said, 'I suggest, Jim, that you set a goal to become a millionaire.' I was all intrigued by that. You know, it's got a nice ring to it - millionaire.

Then Mr. Shoaff said, 'Here's why.'

"I thought to myself, 'gosh, he doesn't need to teach me why. Wouldn't it be great to have a million dollars?'

Then Shoaff said, "No. Then you'll never acquire it. Instead, set a goal to become millionaire for what it makes of you to achieve it."- Jim Rohn

The Art of Exceptional Living

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