Wednesday, June 20, 2007

4 Ways Continue

Business is the oldest way to make wealth.
Almost every known wealthy man have a great business.
Business has the most leverage than the other type of wealth builder.
Other people time, other people money, other people expertise, even other people product.
As long as you can do good marketing and systemizing your business, I think you can be okay in running a business.
But this is may be the hardest way. There are lots of thing to master
And often time you have to give all your effort and time to make business your business working. It’s like raising a child. Until it can work for him self, you must nurture him until he grows strong enough.

Property on the other hand, is like having a marriage. You stick with it for quite some time. This way also gives a good leverage. You can place a small amount of money to control a larger value of property. When it value rise you enjoy all its increase. But this one also needs some capital to start, people management, and it’s not easy to cash out. Just be considerate to whom you married.

Stock is like having a date. You like it, you stick with it for a while, after its increase its value, you can enjoy nice profit. But this is a very volatile thing. You must watch it very closely…
I no good in predicting market direction. So I like to combine it with option, so they can give me monthly income plus downside protection. It’s quite good.

Last but not least is internet. I heard a lot of new millionaire come from this way…
With a very low budget, you can set up your own shop. But it’s like opening a shop at the middle of the dessert. No body knows you exist, so there must be an effort to make your self know. Much leverage also offered by internet. You can use system to make your “store” running 24 hours. Usually, this is a one man show.

One way is enough to make you rich beyond your wildest dreams. But why don’t we combine these ways to make money faster.
Example…
First you start a business. You make it strong and grow bigger. Then you buy a property and land as an investment and make more money. Then you go public and sell IPO. You also use internet as your marketing campaign and customer service…

There are many ways to combine. But make sure you choose something that you like and you passion about….

Have a great day….

1 comment:

Anonymous said...

Oi, achei teu blog pelo google tá bem interessante gostei desse post. Quando der dá uma passada pelo meu blog, é sobre camisetas personalizadas, mostra passo a passo como criar uma camiseta personalizada bem maneira. Até mais.