Month End: August Snapshot


This month was productive for my wife’s business. My wife’s associate sold a total of 27 memberships, and at the end of August he already had another 5 potential prospects for September. I sincerely believe that he will become one of the most successful Legalshield associates in our state. He’s truly one of the purest sales people I’ve ever met, and his intensity is amazing. It’s because of his efforts that my wife could generate passive income without having to do any sales for the month. At his rate of promotion though, she’ll have to create production herself to ensure that she continues to generate overrides. The secret about passive income is that it does require active work before passive income can be generated. Any business that tries to tell you differently is possibly a scam.  Thankfully with our three sources of income, and her business income, we’ve been able to live and pay down debt. Personally, I’ve decreased the rate of my own personal debt reduction to help with her debt and maintain a standard of living. To be honest at times, I feel overwhelmed. It’s in those moments that I pray and turn to some of my closest friends when I feel I can’t speak to her about my fears. But even when I do, she comforts me. When you’re married to the right woman for you, then she makes you feel like your life is truly complete not just physically but in all areas of life.

She’s continuing to do well at work, and it’s truly a blessing for her to be able to be earning an income in a field of work that she is passionate about and has studied in college for. There are some college students with degrees and student debt who don’t get to fully use their education. Even though we are focused on paying down debt, we are also looking for moments to be generous within our family, and in the world around us. The purpose of being blessed is not just have material possessions, but to also make a difference in the world around you. With the coming weather events, we’re looking to give our financial resources even if we’re not in a financial position to give as much as we want. Remember that you’re blessed to be a blessing. I’m thankful that I have a budget, and income generating assets that can give me the opportunity to help others. I’ll continue to focus on reducing debt with the goal of being debt free.

If you want to learn more about how I’m increasing my income, while reducing debt or if you want to have someone to discuss your debt reduction strategy with, or if you need a financial check-up, contact me.

Also, learn more about how I use the self-lending principle through Mustard Seed in the mustard seed section.

“The LORD will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.”

Deuteronomy 28:12 NLT

http://bible.com/116/deu.28.12.nlt

I believe in your journey to….

A Debt Free Me

Here’s this month’s video: ONE OF THE BEST MOTIVATIONAL VIDEOS EVER – BREAK YOUR HABITS from the Mulligan Brothers YouTube channel.

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May 17, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/how-to-buy-bitcoin-using-coinbase-2017-5

A year and a half ago, the idea of buying the virtual currency bitcoin was laughable. After a rapid rise in value in 2013, the cryptocurrency’s value more than halved by mid-2015. At its lowest point, one bitcoin was equal to about $230. But now Bitcoin is at an all-time high, and rising. Within the last month, the price of one bitcoin has climbed from $1,280 to around $1,480. Given the currency’s covert nature, the average person still may not understand how buying and selling actually works. Using the app Coinbase, which lets anyone trade bitcoins for a small fee, we decided to find out. A brief warning: If you’re going to do this, tell your bank you’re about to buy bitcoin. More on that later. This article provides a step by step process of buying Bitcoin, so I recommend reading the article if you’re interested in purchasing it. The author also has his reservations about using Coinbase, however I personally am going to use this site to buy Ethereum. It is another cryptocurrency. If you’re interested in forming an investment group with me, then contact me.

http://www.marketwatch.com/story/7-money-making-lessons-from-the-richest-man-who-ever-lived-2017-05-02

Jacob Fugger was a German banker who financed kings, explorers, bishops and popes — and along the way made the biggest fortune ever amassed by a business person. The grandson of a peasant, he persuaded Leo X to legalize for-profit lending. One of his money-making schemes provoked Martin Luther to write the 95 Theses and kick off the Reformation. He played kingmaker in the 1519 election for Holy Roman Emperor. Jacob (Jakob in German) Fugger and his money gave the vote to Charles V of Spain and put Charles atop an empire as big as Napoleon’s. Fugger was worth about $400 billion in current dollars at the time of his death in 1525 — or 2% of Europe’s GDP at the time. (John D. Rockefeller was close in dollar terms, but his wealth equaled a smaller part of the U.S. economy.) Here are some of his secrets: invest when others fear, be indispensable, know the facts, know the numbers, get a good education, keep cool, and give something back. It’s best to not let fear or analysis-paralysis stop you from making a move when it comes to investing into your future. Do you have a vision? Do you have a mission? Do you have it written out? Be indispensable not just in your work place, but in your life. If you have integrity then people will trust in you and be willing to help you. Do what you say and say what you do, but make sure you think before you speak. Knowing the facts and the numbers will help you stay grounded. Getting a good education will help you draw out the person you are destined to be. Study what you love even if it’s for free, but think about how can you turn it into an income generating asset. How can it generate passive income or any form of income? Keep cool and use your will to stay focused on your plan whatever it may be. However, in the end, look at everything through the lens of eternity and legacy. There’s no sense in amassing great wealth with no plan on how you can help humanity. Fugger is best known as the creator of the Fuggerei, the world’s first affordable housing project. He thought anyone who worked deserved to have a roof over their head. Rent came to one quarter the market rate. The Fuggerei remains in operation and is the largest tourist attraction in his home city of Augsburg. Greg Steinmetz is the author of “The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger.” I encourage you to read a book on a topic that interests, and a topic that is challenging to read to keep feeding one of your greatest assets: your mind.

If you need are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

For this week, I’ve included MOTIVATIONAL VIDEO – LIVE LIKE A KING from MulliganBrothers YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG