Posted in Pursuit of Excellence

March 15, 2017

http://www.investopedia.com/news/rich-get-richer-savers-lose-1-trillion/

America’s Gilded Age in the late nineteenth century was famous for industrialists who amassed unimaginable wealth — such as John D. Rockefeller, Andrew Carnegie, and Cornelius Vanderbilt – and also for the era’s startling poverty. The U.S. is seeing something like that today. The booming stock market, up three-fold since the financial crisis, is no source of excitement for risk-averse small investors and savers, particularly retirees who expected to live off interest income. From 2008 through 2015, U.S. savers lost nearly $1 trillion of income from the cratering of yields on bank deposits and bonds, according to research by insurance company Swiss Re cited by the Wall Street Journal. And that’s even after adjusting for the benefit from paying lower rates on personal debt. Back in 2007 one-year CD yields were close to 4%, and currently one-year CD yields are less than 1%. Many retirees who were dependent upon these higher rates are being forced to find spare to part time work just to make ends meet. Some are moving into the stock market in the hopes of higher yields, and some can’t pay their bills. Time is a valuable tool, and to take advantage of compounding interest, a person must start early and often. A person should constantly be investing in his financial education and at the same time continue to create value for the sake of generating income and or security. I do recommend teaching yourself the self-lending principle as a means of breaking free from the cycle of consumer debt. When you buy assets, buy assets that are passive income producing that can be turned into a system and scaled. Without being creative, I argue a person could become a victim of the wealth gap that today’s current retirees are experiencing. That wealth gap is highlighted by the disparity between the pay of CEOs and their workers, which grew even wider in 2016, according to a study by consulting firm Compensation Advisory Partners, as cited in a Bloomberg story. The study looked at 42 U.S. public companies, a relatively small sampling, but it nonetheless is sure to spark debate. It found a 5.5% median pay hike for their CEOs, roughly double the 2.8% rise for the year in hourly pay for non-farm private sector workers, according to the U.S. Bureau of Labor Statistics. There is an income gap between workers and CEOs, so it’s important to work your job but also mind your business. What is your business? Your life. Every penny that comes into your bank account is your responsibility. Make your money work for you without you having to always work for it.

http://www.marketwatch.com/story/robert-kiyosaki-says-entrepreneurs-should-read-this-book—-it-will-talk-to-your-soul-2017-02-28

Robert Kiyosaki has an unusual reading recommendation for would-be entrepreneurs — one that even the most devoted fans of the “Rich Dad, Poor Dad” author might not see coming. It tells the story of a knight about to meet his death in battle. It’s written by a Hollywood movie star. For Kiyosaki, it’s become a treasured read. “Believe it or not I read a lot of spiritual books. One of the best is ‘Rules for a Knight’ by Ethan Hawke,” Kiyosaki said during a January interview, when asked if there were any books he would recommend for MarketWatch readers. “It’s so well written, talks to your soul,” he said of the book. “All my friends are entrepreneurs and they all get copies of it.” This books takes the form of a letter from a knight written to his children right before battle, and it outlines the rules for being a knight. That may not sound like fertile material for learning the secret to success in the 21st century business world, but the knight’s rules do have an aura of entrepreneurial mantra about them. The rule for humility begins, “Never announce that you are a knight, simply behave as one,” while the rule for gratitude states, “For all that has been, a knight says, ‘Thank you.’ For all that is to come, a knight says, ‘Yes!’ ” Robert Kiyosaki states that he only operates at the highest of spiritual values and seeks to do business with people with similar values. Values such as integrity, and honor are words with significant meaning. Personally, I look for a person with strong spiritual values such as transparency, integrity, and consistency. Another book he recommends is “The Untethered Soul,” by Michael A. Singe. If you prefer your reading to be more firmly rooted in the worlds of business and finance, Kiyosaki suggested two books on economics in MarketWatch’s live interview with him in August, which you can read more about here. Robert Kiyosaki’s “Rich Dad Poor Dad” is coming upon its 20th anniversary, and it is a good introduction into looking at money differently. This book was personally recommended by my good friend. His mentoring and this book helped shape in part how I look at finances. If you read that book, then you must read his second book “Cashflow Quadrant”. If you don’t enjoy reading, then I suggest the audio book version or even the short summary clips you can find on YouTube. However, reading is essential to being able to see into how a writer thinks and it’s not the same as a quick edited version. I’ve found that when I’m struggling to read a book, I read something I enjoy reading and then pick up and read from the book I’m struggling with. Block out a time even if you have to set an alarm for it to make the time to read. Your brain is a muscle and it needs a work out from time to time.

Items in italics are direct quotes from the articles above

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 The Wisdom – Bruce Lee from the Absolute Motivation 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

Posted in Pursuit of Excellence

June 14, 2016

http://www.inc.com/quora/7-financial-secrets-of-the-world-s-wealthiest-people.html

If you could buy a $100 bill for $80, wouldn’t you jump at the chance to do so? While value investing is a little more complex than that, it’s the general concept behind finding undervalued stocks for your portfolio. This sounds like a great idea in principle, but how do you find these amazing bargains? Here’s a list of five steps to take in order to find undervalued stocks of your own. The five steps are: understand why stocks become undervalued, only look at businesses you understand, know the metrics, go beyond the numbers, and the final rule. Understanding why stocks become undervalued involves a few potential reasons such as missed expectations, market crashes and corrections, bad news, and cyclical fluctuations. When you’re looking for an undervalued stock make sure you’re picking a business you understand or as I’d like to say a business that you love. If you enjoy drinking Coca-Cola, you’re more prone to research the company and look at its earnings vs. a company that sells steel. The author says. For example, I have a strong understanding of the banking industry, as well as real estate, energy, and consumer goods, so stocks in those industries make up the majority of my portfolio. On the other hand, I really don’t have a good grasp on the biotech industry so I simply won’t invest in it. Don’t get me wrong — I’m sure there are a lot of great companies in biotech, and many could indeed be undervalued right now, but it’s just not my area of expertise. When you’re looking for undervalued stocks use these metrics: P/E ratio, P/B ratio, ROE, Debt to Equity ratio, current ratio. As a word of caution, metrics are indicators and tell a story. It’s important to increase your financial literacy so you can begin to see what the company is doing on paper and look below the surface. Look for companies that have an obvious competitive advantage. The author states Wal-Mart as an example. The final rule is patience. At times the market will be expensive, and it’s important to know what price you are willing to buy at. You make money when you buy not when you sell. Whoever is patient has great understanding, but one who is quick-tempered displays folly. Proverbs 14:29 NIV.

http://www.forbes.com/sites/travisbradberry/2016/06/07/why-the-8-hour-workday-doesnt-work

The eight-hour workday is an outdated and ineffective approach to work. If you want to be as productive as possible, you need to let go of this relic and find a new approach. The author states that the eight-hour work day was created during the Industrial Revolution to cut down on the number of hours of manual labor that workers endured in the factory. Back then it was a more humane approach, and prior to this point in time during the Agrarian age, farmers would spend even longer hours working fields. It only makes sense that there is an argument for a change in the work day schedule for the Information Age. A study recently conducted by the Draugiem Group used a computer application to track employees’ work habits. Specifically, the application measured how much time people spent on various tasks and compared this to their productivity levels. In the process of measuring people’s activity, they stumbled upon a fascinating finding: the length of the workday didn’t matter much; what mattered was how people structured their day. In particular, people who were religious about taking short breaks were far more productive than those who worked longer hours. The ideal work-to-break ratio is 52 minutes of work followed by 17 minutes of rest. the brain naturally functions in spurts of high energy (roughly an hour) followed by spurts of low energy (15–20 minutes). The best way to fight distractions and exhaustion is to not fight your way through it; rather take a break and go for a walk and allow your mind to clear. If your work environment permits it, I suggest you put this strategy to the test and feel free to let me know your results in the contact me section.

http://www.inc.com/quora/7-financial-secrets-of-the-world-s-wealthiest-people.html

What does the wealthy 10% understand that the other 90% are missing? originally appeared on Quora, the knowledge-sharing network where compelling questions are answered by people with unique insights. Here are 7 secrets: the big money is served in small increments, wages and income are what the job is worth, not the individual, personal debt is not a “tool,” it’s shackles—delayed gratification is more gratifying than instant gratification, the value of the dollar you have vs. unearned future dollars, math, the importance of life insurance, and lotteries are just another tax on the poor. Your return on investment whether it’s from investments, profits, or margins on products you’re selling, the small increments compounded over and over again is what helps a person and company retain and make money over and over again. Small steps compounded over time will create large ripples. Your job will pay you what the job is worth, however you as an individual are worth far more than $30,000 or even $300,000 per year. A good way to prove this point, if you were to go missing, your loved ones who truly love you will pay any price to find you. This point makes me think of the prodigal son who returns home to have his father restore him completely because he’s so happy to have him home. I encourage you to bring value wherever you go whether as a company or an individual. Another way of saying it is leave things better than you find them. If your heart and mind operates from this frame of being, you will see incredible results. You have to be wise about personal debt. When you carry debt, you’re in essence renting an asset from the bank and or credit card company. If you end up filing bankruptcy, you either surrender all your assets or surrender your way of living. Granted there are unforeseeable circumstances in which bankruptcy is unavoidable. However, if you can’t pay for it with cash or pay off your balance within 60 days on a credit card then you become shackled to that credit card. The rich ruleth over the poor, and the borrower is servant to the lender. Proverbs 22:7 KJV. I encourage you to pay yourself with interest and become the bank. Why not train yourself and make your savings account become like a line of credit. If you’re interested in learning more than contact me in the contact me section to learn more. Instead of buying goods that you know you will replace in a short amount of time, save up money and buy good quality products that will last longer so you save on spending future dollars that you can use to invest in income producing assets, or spend on other goods. To add to the author’s point, don’t just buy great quality products, but buy great quality products at a savings. Ask yourself: Is the sticker price the final offer? By nature, a business will build a great quality product out of great materials, but there will always be a margin so the company can make a profit. How can I cut that margin down enough for the company to still make a profit and yet save a few dollars in my pocket? That’s how you need to look at not just products you buy but investments also. Math is very important. It’s one of the core skills taught in public and private education. Math created a lot of the technology we use, but at its most essential level, it also shows the power of interest rates. In the example the author used, without an understanding of how loans work, a person can end up spending a lot of money. Use the power of compound interest for you and not against you. Life insurance, especially today, is even more affordable than it used to be. For small amounts of money, you can potentially leave a financial legacy to those after you less fortunate. The lottery even if you win it, you won’t receive the full amount. It’s understood we’d gladly pay half to receive $100 million, but remember that the odds of winning are small so don’t allow buying lottery tickets to become an addiction. The author concludes saying it’s important to live within your means. Successful people know it’s not about how much you make; it’s about how you spend it. I’d also like to add: It’s not about how much you make. It’s about how much you keep, and how hard what you keep works for you.

If you need agreement in prayer, or if you’re in need of a financial checkup you can reach me in the contact me section.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, ” GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG


Posted in Pursuit of Excellence

April 26, 2016

http://www.bloomberg.com/news/articles/2016-04-25/saudi-prince-says-aramco-valuation-seen-at-above-2-trillion

  • “Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said he expects the value of Saudi Arabian Oil Co. to exceed $2 trillion as the kingdom prepares to sell part of the company in what could be the world’s largest initial public offering.” This IPO is a part of Saudi Arabia’s plan to change the economy and reduce its reliance on oil. It’s important to keep an eye on Aramco.

http://www.investopedia.com/articles/investing/042516/goldman-sachs-offers-online-consumer-banking-gs.asp

  • “On April 18 the company announced that it had completed its acquisition of GE Capital Bank‘s online deposit platform and taken on $16 billion in deposits. Retail customers can now open a savings account at GS Bank, an online-only platform, with a deposit of as little as $1.” This account currently offers an Annual Percentage Yield of 1.05% and is competing with Ally and Synchrony Financial. “GS Bank is trying to bring in more mass-market deposits by offering attractive interest rates.” I prefer to keep my options open and not have all my eggs in one basket.

http://www.investopedia.com/articles/financial-advisor/042516/why-instagram-critical-facebooks-business-fb.asp

  • “When Facebook made the decision to acquire the new social media startup, Instagram, back in 2012 for $1 billion, critics were skeptical about the prospects of the photo-sharing platform adding value to Facebook’s business. In hindsight, the decision seems to have been a brilliant one on the part of Facebook. In a recent report, analysts at Credit Suisse Group projected Facebook (NASDAQ: FB) will receive more than triple Instagram’s purchase price via the app’s revenue this year alone.” Consider Instagram, and Facebook’s presence in our own lives and in the lives of millennials. “The Credit Suisse report forecasts $572.5 million generated in revenue from Instagram in the first quarter of 2016, and an overall $3.2 billion for the entire year. The projection indicates an accelerated profitability as the photo-sharing app begins to introduce new ad revenue strategies. (To learn more about Instagram, read: The Story of Instagram: The Rise of the #1 Photo-Sharing App (FB).) Premium video is projected to contribute $260 million to Facebook’s total ad revenue.” Sharing technology will only get more and more advanced as the technology accelerates. It’s important to remember that even with this technology to remain genuinely connected to people through their heart, mind, and spirit. People don’t care about how much you know. People want to know how much you care.

http://www.bankrate.com/lite/smart-spending/financial-lessons-from-game-of-thrones-1.aspx

  • For the Game of Thrones fans, here’s an interesting article found on Bankrate.com. “Both ‘Game of Thrones’ (and the books) have more to teach us about economic and social life than we might think,” says McCaffrey, a postdoctoral fellow who teaches economics at the University of Illinois at Springfield.” It’s never too soon to prepare for what’s ahead. “A great way to prepare for your future is to begin saving early. Starting in your 20s gives you at least 40 years to grow your money.” It’s important to pay your debts. “Paying your debts promptly is always wise advice. Even better is to make sure you don’t incur more debt than you can pay.” It is important to carefully plan your estate. “The show demonstrates — in extreme terms — how badly things can go when you don’t designate heirs.” Use all the financial tools and resources available before you entrust your money to a “financial expert.” “The constant backstabbing on “Game of Thrones” makes a viewer wonder about the challenge of thriving in a world where trust is in short supply.” You must have a global macroeconomic perspective, because the world will impact your world. “Like the characters in “Game of Thrones,” we live in a big world. But unlike those characters, we have ways of staying informed about the faraway forces that impact our lives and wallets — whether it’s a European debt crisis or economic pressures from China.” Women unfortunately do not receive the same equal pay as men. “Though women have achieved positions of power and wealth in our society, challenges remain, just as Brienne and Arya have found.” You should have an insurance plan in place to cover a long term disability. “Having good health insurance is one thing, but even the best policies cover only your immediate medical care. If you’re unable to work because of a disability, you need a financial Hodor to carry you.” These examples are valuable lessons that can be applied in your daily life. “The wise store up choice food and olive oil, but fools gulp theirs down.” (Proverbs 21:20 NIV)

http://ziglarvault.com/three-biblical-lessons-on-setting-goals-and-following-through/

  • In this article, Bryan Flanagan from More Encouragement for the Sales Professional uses the story of David from 1 Samuel in the Old Testament to show that following through on a goal can be a battle. “First and foremost, David’s attitude was very positive,” Flanagan writes. David didn’t care that Goliath was much larger than him, he only cared about going out there and winning. Approaching the process of setting goals and following through begins with a hopeful, positive outlook. You should be excited to not only reach your goals, but also eager to work for your goals despite knowing hardships may be waiting for you. “Secondly, David was prepared. You noticed that he chose five rocks.  And, he chose five smooth, flat river rocks.  (His plan was to have a few stones in reserve in case he ran into any objections),” Flanagan writes. David knew exactly what he needed to win, a key component of setting goals and following through. Give yourself all of the tools to succeed—most of which you already have inside you. Lastly, and maybe most importantly, David had “an incentive, a goal, a motivator.” David came from humble beginnings, Flanagan reminds us, he was never wealthy, famous or noble. What does this teach us? Setting goals and following through isn’t something reserved for those who are already successful. Let your hardships and your desires become motivators for you to set higher standards for yourself. Being action oriented and taking initiative to set yourself up for success is something David definitely showed us how to do.” The key piece is to follow all three steps, and more importantly to be consistent.

 

Please let me know if you have anything I can agree with you in prayer about, or if you’re in need of a financial checkup. Go to the contact me section located at the top.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, “ GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG

Posted in Pursuit of Excellence

April 19, 2016

https://www.entrepreneur.com/video/273894

  • “Whether you’re brand-new to investing or you’re a seasoned pro who simply needs a little refresher, you can learn from this video from Brittney Castro of Financially Wise Women. Here, she shares her top-12 investing do’s and don’ts.” Do your research, do invest for the long term, and do hire help when you need it. Don’t invest blindly, don’t invest for the short term (short term defined as 6 months to 1 year), don’t let your emotions get involved, don’t listen to chicken little, don’t think you can do it all alone. Brittney encourages the viewer to continue his or her education through books, videos, audio, and seeking counsel where appropriate. If you want to be wise walk with wise people, but a crowd of fools suffers much harm.

http://www.thepennyhoarder.com/19-ridiculous-ways-to-make-10000-you-definitely-havent-thought-of-yet/

  • I’d ignore the pop up window offer from penny hoarder to get straight into this interesting article. Also as a side note, the $10s in the photo do not represent a true strap of $1000 in $10s. “No matter how you slice it, having $10,000 to spend would be nice. But it’s a lot of money to save!” This article highlights 19 different ways to make $10000. I found it fun to read and here are some of the weird ways to earn cash: start a cricket farm, watch youtube-like videos, drive for uber, and share stories about your kids on Scary Mommy. These were just a few of the writer’s suggestions. This article highlights the truth that the wealth of the wicked is laid up for the just. In other words, it’s out there if you have the desire to seek it, the discernment to see it, and the wisdom of the Lord to use it for its true purpose.

http://www.marketwatch.com/story/5-strange-facts-about-billionaires-2016-03-15

  • I enjoy watching a show on CNBC called the Filthy Rich Guide to. Basically the show highlights the lifestyle of a billionaire vs everyone else. The truth is they operate differently than most in their actions, but they do certain processes consistently. This article tells of 5 strange facts about billionaires. “This year, the world’s billionaires clocked in an aggregate net worth of $6.48 trillion, according to the Forbes Billionaires list released this month, with the usual suspects topping the list – including Bill Gates ($75 billion), Inditex founder Amancio Ortega ($67 billion) and Berkshire Hathaway’s Warren Buffett ($60.8 billion).” Aquarius is the most popular astrological sign of elite billionaires, God is a billionaire (I chuckled at this one), the billionaire school-dropout saga is a myth, billionaires have a lot of children, and two billionaires can’t legally drink in the U.S. Billionaires are people just like you and me, and even a rich man needs the salvation of our Lord, so I encourage you to lift them up in prayer to make God decisions and not just good decisions. The final article highlights an alarming truth. Also, we both know God is more than a billionaire.

http://www.marketwatch.com/story/wealth-inequality-is-100-times-worse-than-income-inequality-2016-01-19

  • Jesus replied, “Leave her alone. She did this in preparation for my burial. You will always have the poor among you, but you will not always have me.” (John 12:7-8 NLT). In this moment, Jesus corrected Judas Iscariot for complaining about the usage of perfume which was worth a year’s wages, and said it could be used to help the poor. The truth is that Judas didn’t care for the poor and often used that money for himself. There’s currently an income gap between the rich and the poor, but this article highlights that there’s something more alarming than an income gap. There is a wealth gap between the rich and even the average person. Wealth is your money making money for you. “Combined net worth of 4 U.S. billionaires almost as much as the total wealth of the bottom 40% of U.S. households. Last year, just 62 people held wealth equivalent to the amount owned by 3.6 billion, about half the world’s population, according to the anti-poverty charity.” The article itself isn’t an indictment against the wealthy, but it highlights where most of the wealth resides, and fortunately there are a few like Bill Gates and Warren Buffett who are looking to bring a better world. But our source of hope should not be on those of this world, rather on the One who was, is and will always be. Finally, here’s a link that allows you to see where you stand among the global rich. Enter your numbers here

Please let me know if you have anything I can agree with you in prayer about, or if you’re in need of a financial checkup.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, “ GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG

 

Posted in Pursuit of Excellence

April 12, 2016

Below are the articles for the week with a short summary:

http://www.investopedia.com/articles/tax/09/tax-havens.asp

  • Tax havens have existed as far back as the Greeks, and more familiar examples to us are Switzerland and Panama. There are three key attributes classified by the OECD: No or only nominal taxes, protection of personal financial information, and lack of transparency. The United States Government Accountability Office has listed two additional attributes of a tax haven: No requirement of substantial local presence and self-promotion as an offshore financial centre. According to this article there are at least 7 socio economic factors that make a particular destination a popular tax haven. A few examples of popular tax havens are the Cayman Islands, Hong Kong, and the Isle of Man. “The existence of tax havens has many effects. At one level, the lower taxes or no taxes in one country put pressure on other countries for keeping their taxes low. This is good for taxpayers in the short term, but the secrecy and opacity associated with some of the tax havens may encourage money laundering or other illegal activities that can harm the world economy in the long term. The crackdown on tax evaders in some countries shows that taxpayers need to tread with caution.” Make sure you give to Caesar’s what is Caesar’s, but more importantly give God what is God’s.

https://www.entrepreneur.com/article/237746

  • “Small-business owners usually start a company because they have a passion for a particular product or service. However, people should not open a bakery just because they love baking cakes. If you love baking, get a job as a baker.” Remember that running a business requires many essential components.  Those components include having the right legal entity in place, having a good financial structure, having a clearly defined value system etc. As your business grows create margins to keep it running efficiently. If you’re building a business define why you’re doing it. “The first step for most entrepreneurs is to sell something. Put in place the minimum amount of infrastructure that you can get by with and focus on generating revenue. Many new businesses fail because they simply cannot generate enough revenue to sustain themselves. Test the viability of your business as quickly and as inexpensively as possible.” It’s important to keep your infrastructure as efficient as possible without cutting back on quality. As your business grows, you should start weighing your cost-benefit options. You have to start accounting for these options, because your business will reach its capacity. “For example, would the business be better off if you spent time putting entries into QuickBooks or if you hired someone to do that work and spent your time selling? You are in effect buying yourself more time that you can invest in other aspects of the business.” Time is fixed. There is only 24 hours to complete a set amount of work in day. Investors care about time value. Our Lord is a redeemer of lost time so make sure you Sabbath.

http://www.fool.com/retirement/general/2016/04/06/read-this-before-you-take-social-security-early.aspx

  • Before you take your Social Security benefits early make sure you’ve explored the benefits and consequences of your decision. This author points out three key points: you only have 12 months to change your mind, your decision can reduce someone else’s benefits, and there’s less incentive to wait than there used to be. This information is helpful, but in conclusion there is an advertisement at the bottom for a service that you may or may not need. Rather than recommend his last piece, I suggest you listen to the Lord and decide as He leads you. “Whether you turn to the right or to the left, your ears will hear a voice behind you saying, ‘This is the way, walk in it.’” (Isiah 30:21 NIV)

http://www.bankrate.com/finance/investing/creating-passive-income-1.aspx

  • “The idea of building wealth through passive income has understandable appeal, especially if you’re worried about being able to save enough from your work earnings to meet your retirement goals…Passive income includes regular earnings from a source other than an employer or contractor. The IRS says passive income can come from just 2 sources: rental income or a business in which an individual does not actively participate. Examples include book royalties and dividend-paying stocks. Investopedia defines passive income as “earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not actively involved.” Popular culture, however, defines it as “any money you earn while sitting on a beach sipping mojitos.” Financial coach and expert Todd Tresidder thinks it falls somewhere between the two, defining passive income as the money you earn from a project or investment after you’ve made an initial contribution of time or money.” It takes work to build a passive income generating asset. All things in this world operate under the principle of seed, time, and harvest. You have to be willing to put in the time to reap the harvest. This article provides 5 passive income strategies as an example: selling information products, rental income, affiliate marketing, peer to peer lending, and dividend yielding stocks. Each strategy requires diligent work, and I suggest you find a strategy that works for you, and seek the Lord. If you want to build wealth, build assets that generate passive income that is greater than your monthly expenses. If you were to lose your job today, do you have any passive income generating assets that can replace your income? The game Cashflow Classic simulates life with and without passive income. If you want to be wise walk with wise people.

Please let me know if you have any anything I can agree with you in prayer about, or if you’re in need of a financial check up.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, “ GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG

Posted in Pursuit of Excellence

April 5, 2016

Below are the articles for the week with a short summary:
http://www.inc.com/sagelive/6-essentials-for-building-a-scalable-business.html

  • “To get from launch to limitless trajectory, entrepreneurs need to make the right moves to ensure that the business can scale at a sustainable pace, says Jim Canfield, CEO of Renaissance Executive Forums, a La Jolla, California-based membership organization for small to mid-sized businesses, focused on helping them grow. “That early stage is like the lift-off of the rocket. It’s going to be violent. It’s going to be loud. It’s going to be intense. The key is to get through it and create a successful orbit,” he says” Here are six important actions to take: look for bottlenecks, hire for the company you want to have, ask for feedback, embrace necessary change, implement systems, and build it as if you’re going to sell it. What I’m astonished by is the growth of our church. Obviously it is a mighty move of God, which supersedes all natural sense. In this article, I see the importance of being better together, the proper use of the Jethro principle, and the importance of order, because it will lead to increase.

https://www.entrepreneur.com/article/234712

  • “Warren Buffett has described writing as a key way of refining his thoughts (and that guy reads and thinks a whole lot). Richard Branson once said “my most essential possession is a standard-sized school notebook,” which he uses for regular writing.” “For instance, one form of expressive writing might be thinking about and writing out your goals in life—an activity that research has shown is beneficial for motivation.” Writing can lead to better thinking and communicating. Other key arguments are writing keeps you sharp with age, and writing leads to increased attitude. There are many further key points, and even a simple system that encourages regular writing. What’s the common denominator in thinking, talking, and writing? Words. Our words have power. Life and death is in the power of the tongue. God’s word does not return void. We as image bearers of the Lord, our words don’t return void either. Our words can become flesh too.

 

https://www.entrepreneur.com/article/272991

 

  • “Psychologist Elain Aron has studied this phenomenon extensively, and using MRI scans of highly sensitive people’s brains, she’s found that they experience sounds, feelings, and even the presence of other people much more intensely than the average person.” Here are 9 traits of a highly sensitive person: you think deeply, you’re detail-oriented, you take longer to reach decisions, you’re crushed by bad decisions, you’re emotionally reactive, you take criticism harshly, you work well in teams, you have great manners, and open offices drive you crazy. We are all uniquely and wonderfully made. The Lord has put his gifts in you that are best uncovered over time, through Step 3 of the Growth Track, and or as the Lord leads. In the end, the Lord does have a plan for your life and it’s important to seek Him to uncover it.

 

http://graphics.wsj.com/how-to-invest-in-real-estate/

 

  • Here’s a fun link. You use a graphic and it will suggest what type of real estate investment will bring you a good return based on your investment style and risk appetite. At the end my result was: “Buy the actual bricks and mortar. Purchase a one-family home, an apartment house, an office building, an industrial property like a warehouse or a retail establishment such as a strip mall or retail condo.”

At the end of the day remember: “Whether you turn to the right or to the left, your ears will hear a voice behind you saying, ‘This is the way, walk in it.’” (Isiah 30:21 NIV) Hope you have a good week. Look forward to hearing from all of you again. Please let me know if you have any anything I can agree with you about.

James Hawk

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, “ GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”
Psalm 35:27-28 MSG