Financial Freedom

3 Rules Of Money That Break You When You Break Them

When I was much younger, making money was the last thing on my mind. My focus was going to school, getting good grades and living a godly life. I was a church boy who worked closely with pastors and preachers. I could tell you a lot about the church world. I did get good grades in school and I was even aspiring to be a preacher myself. I was academically intelligent but I wasn’t financially intelligent.

Reinforcing my mindset was messages from the pulpit that said getting to heaven was the most important thing. Forget about making money. It would only make you worldly. I left my financial acumen to lay waste for many years. Whenever I approached anything that had to do with making money, I felt pangs of guilt that stopped me in my tracks. As a result, I and family went through horrifying financial challenges and oppression from wicked people for many years.

Slowly, I came to realize that something wasn’t right.

I searched and read.

Little by little, that mindset began to chip away.  I finally realized that being a godly and financially prosperous person was not mutually exclusive. I could be both. In fact, I could make more positive impact with more money as a godly person.

Today, I take my financial education seriously.

I invest in it.

I can tell you that to realize your potential in today’s world, you need money.

For a person like me with big, big dreams, I can tell you that I need lots and lots of money. I am no longer guilty to say that.

 Forget the misguided teaching from old-time, Holy Ghost hollering, tongue-talking conservative preachers who tell you money is not important; that all you need is to make heaven. You can make lots of money and still get to heaven.

Recently, I came across Ramit Sethi’s 3 Rules of Money which I want to share with you in this blog post. For those of you who don’t know Ramit, he is the one who build a seven income business around teaching personal finance called I Will Teach You To Be Rich online. He has a book and a website that goes with that name. You could check him out on: iwillteachyoutoberich.com. It is absolutely important in these times of economic hardship to learn the rules of money.

#1 People Pay You for the Value You Create

Think about the things you pay for every day. As a sane person that I know you are, you pay for those things because they mean something to you. In other words, the products and services you pay for helps  you solve a particular problem. Same thing with you. When you help people solve a problem with your knowledge, skills or products, you are creating value and therefore you can expect money. Some people, like me of former times, feel guilty when they have to charge money for the products and services they offer. They prefer to give everything for free. Yeah, I believe in charity; but I have since learned that certain level of value cannot be given for free. To give everything as charity is not sustainable long-term. It is foolishness. That leads us to the second rule of money.

#2 The More Money You Make, the More Value You can Create

To be stupendously wealthy, you need to reinvest in your nest egg. You make money and reinvest in your business to make more money. If you don’t, your business dies. You charge money for the value you create because you want to be able to create more value. When you reinvest in your products, services, skills and knowledge, you are able to provide excellent delivery to your customers and sustain the process for long-term. 

#3 Money Is an Indicator That You Are Doing the Right Thing

There are a lot of metrics people consider to measure success at any business endeavor. But the one thing as a business person you can’t overlook as the real indicator that you are successful in business is the revenue, the income, the money you are making from your business. Every other metric can be a distraction. You can have a lot of followers on Instagram, lots of likes on your Facebook page, lots of traffic to your website…but if you are not making money, you are failing in business. Why? YOU ARE IN BUSINESS TO MAKE MONEY.

If you are not making money, you are failing! It is that simple.

And for you to make money, you have to make sales. For you to make sales, people have to trust that you can solve their problems before they can pull money out of their wallet. It is important that you that build trust with your customers so that you they not only pay you the first time but continue to buy from you and eventually loyal fans of your brand who spread the word to others. As regard getting customers and keeping them for life, more of that in another post.

The best entrepreneurs focus on making sales. That’s what count for them. It should for you too. It is what brings the money. Making money is the real indicator that you are doing the right thing.

These 3 rules are very important to keep for anyone who wants to make money and sustain the process. Break these three rules, they will break you. Like Ramit Sethi said, “BREAK THESE RULES AT YOUR OWN RISK.”

WHAT EXPERIENCES HAVE YOU HAD IN BREAKING THESE RULES OF MONEY? HOW WOULD YOU APPLY THESE RULES TO YOUR LIFE FROM NOW ON?

SHARE IN THE COMMENTS BELOW.

Please don’t forget to SUBSCRIBE to my blog: www.triplyfree.com

If you like this post, SHARE WITH YOUR FRIENDS!

Financial Freedom

#1 Secret Of Success In Business During This COVID-19 Pandemic And Beyond

Life may never return to normal after the COVID-19 Pandemic. I believe so. Many have lost their jobs. Economies are languishing.

But amid these growing fears and concerns of living during these times, people are more receptive to business opportunities than ever. Robert Kiyosaki in his book, The Business of the 21st Century (FREE DOWNLOAD HERE CHAPTER SUMMARIES) gave this response to the question: “Are there opportunities to create new companies in this turbulent economy?”


This is the best time. When times are bad is when the real entrepreneurs emerge. Entrepreneurs don’t really care if the market’s up or down. They’re creating better products and better processes. So when somebody says, ‘Oh, there’s less opportunity now’, it’s because they’re losers.

The Business of the 21st Century: Robert T. Kiyosaki, John Fleming & Kim Kiyosaki


Ouch. Losers. That hurts. In his blatant, no-nonsense style, Robert calls those who think there are fewer opportunities during hard economic times, losers.


Therefore, now may be the best times to launch that business idea that has been in the forefront of your mind. Perhaps, you don’t have to waste time waiting for this whole pandemic thing to be over.


But here is the catch.


For you or anyone to succeed with any business idea, there is one skill you must master thoroughly. In fact, it is a skill that you need in every area of your life.


You are probably curious now and asking “what skill is that I don’t know of?”


Chill.


The number one skill you must master to build your business and your life successfully is…


The art of selling.


Your business and your life depends on this one skill.


Think about it: we are all in the business of selling whether we like it or not. Life is all about selling. Asking a girl for a date? You have to sell yourself convincingly to win her approval. Looking for a job? You have to sell yourself during the interview to land the job. Trying to raise kids? You have to sell them the values that you want them to grow with. Those who can sell well have the most success in life and business.


In business, if you can’t sell, you are toast. Hear what Robert Kiyosaki, (his book: Rich Dad’s Conspiracy of The Rich: 8 New Rules of Money) says:

One big reason why so many people struggle financially is because they have little to sell, don’t know how to sell, or both. So if you are struggling financially, find something to sell, learn to sell better, or both. You can have the best product or service, but if you don’t know how to sell, you will be out of business.

Rich Dad’s Conspiracy of The Rich: 8 New Rules of Money


For you to operate on the right side of the quadrant (B-business owner and I-investor) where financial freedom is possible, you must learn the art of selling. You want to dedicate your precious time to learn how to sell. You want to learn everything involved in selling successfully.


And for you to be able to sell, you have to learn to be able to communicate effectively. Blair Singer, author of the book, Sales Dogs says selling is communication. True selling is caring, listening, solving problems and serving your fellow human being. He says further,

True selling means being passionate your company’s product or service and being compassionate with the wants, dreams and needs of your fellow human being.

Sales Dogs: Blair Singer


Everyday, you have step out and overcome your doubts and fears to sell. Overcoming your doubts and fears is another subset of skill involved in the art of selling.


In conclusion, if you want to be wildly successfully in business and build the kind of lifestyle you dream of, you have to dedicate yourself to mastering the art of selling. In other words, you’ve got to learn to sell well.

See also:

3 Rules Of Money That Break You When You Break Them

3 Myths Of Money That Keep You Perpetually Broke

#1 Most Important Money Question You Must Answer

IF YOU LIKE THIS POST, SHARE IT WITH YOUR FRIENDS.

P.S:

My blog, triplyfree.com delivers content that will help you obtain time, health and financial freedom.

SUBSCRIBE TO MY BLOG TO RECEIVE MY FREE DOWNLOAD ON TIME, HEALTH AND FINANCIAL FREEDOM.

I need your help. Help me. I need traffic to my blog which is just starting out. Visit my blog https://triplyfree.com and share the posts to AS MANY PLATFORMS AS POSSIBLE. Thank you in anticipation.

Financial Freedom

#1 Most Important Money Question You Must Answer

Money is Personal

The conversation about money can be an emotional one—one that we want to avoid. We want to get on with the more important things in life rather than talk about money or so we think. We want other people, financial experts as we call them, to do heavy-lifting for us. The talk about money can be scary as it conjures up anxiety about not having enough.

But the matter of money is a personal one. It is tied to your desires, hopes and fears. The way you spend your money is reflection of your values. The values that drive our getting and spending money usually lie out of our consciousness awareness. Therefore, it is important to come to terms with the deeper reasons that drive your personal finance.

Why is money important to you?

Carl Richards, in his book: The One-Page Financial Plan says the single most important money question is “Why is money important to you?”

It is a simple question that can be easy to ignore but it holds the key to discovering your values. It is a process of discovering what really matters to you in life. For example, a person may desire financial freedom because he wants more time. But more time to do what? Perhaps more time to travel the world.

The process of asking this single most important question is to get a grip on our desires, hopes and dreams that drive our pursuit and spending of money. Getting a grip on your values will help making financial decisions easier.

How we spend our time and money, two very important resources in our lives, should reflect what we really value. Answering the single most important question about money will help you align how you spend your time and money with what you value.

It is important to write down what you answer to the single most important money question.

IF YOU LIKE THIS POST, SHARE IT WITH YOUR FRIENDS.

P.S:

My blog, triplyfree.com delivers content that will help you obtain time, health and financial freedom.

SUBSCRIBE TO MY BLOG TO RECEIVE MY FREE DOWNLOAD ON TIME, HEALTH AND FINANCIAL FREEDOM.

I need your help. Help me. I need traffic to my blog which is just starting out. Visit my blog https://triplyfree.com and share the posts to AS MANY PLATFORMS AS POSSIBLE. Thank you in anticipation.

Financial Freedom

3 Myths Of Money That Keep You Perpetually Broke

Life sucks when you have to worry about money all the time.

You know the feeling as the bills pile up. The rapid heartbeats, the anxious thoughts swirling in your head, the sleepless nights, the disconnect from the present moment, the quarrel with your significant other…All because of money. Almost everyone wants more money. We want to be financially free so that we can live life with peace, joy and contentment.

However, lots of people have preconceived notions or beliefs about money that hold them back from the financial freedom. These beliefs are usually unknown to these people who hold them.

To change a behavior or belief, you must first become aware of them.

I was reading The Latte Factor written by David Bach and John David Mann a few days ago when I came across these myths of money. I think they are worth sharing.  

Read on.

MYTH #1: Make more money and you’ll be rich.

Many would think making more money is their problem. However, making more money is not necessarily the solution. Many only make more money and then only to spend them.

Imagine a boat at sea. When the tide rises, the boat rises with it too. Your income is like the tide and your spending like the boat rises when the tide rise. In other words, as your income increase, your spending will most likely increase too.

Why? It is because we usually have money habits in place that keeps us from financial freedom. Our problem is not really more money but better money habits. No amount of money will save if you have bad spending habits. We have heard of the lottery winner or footballer or musician who goes broke after a few years. And we marvel at such. We might even fancy that if we were such people’s shoes, we would be wiser. But that is self-deception.

If you don’t acquire the necessary financial discipline and knowledge to earn, keep and grow money, you will still end up broke! It takes skill to become financially free; one that our traditional educational system doesn’t teach.

MYTH #2: It takes money to make money

I was a bit confused when I read this myth. From a personal experience, I know you need to have some money in hand to start a business or make an investment. So Myth #2 might seem like divorced from reality. I pondered it for a while and I realized that there is truth in the saying if understood in the right context. As we saw from Myth #1, a lot of people have bad money habits in place. Money that should have been used to secure one’s financial future is wasted by bad spending habits.

What we need is not more money but the wisdom to put into good use the money we already have. We are richer than we think; only we don’t realize it. Think about it: if you could recall all the money you have wasted on things you don’t need all these years, wouldn’t you have enough to invest to secure your financial future? I confess that looking back, I have regrets in this area. I wish I had known what I know now. But as it is said, “It is never too late to become what you might have been.”

Albert Einstein called Compound Interest the eighth wonder of the world. He says, “He who understands it, earns it. He, who doesn’t, pays it.”

You could also call the Compound Interest, the Compound Effect or the Compound Principle. It is a principle that is as sure as gravity.

Supposing you were given a choice between taking $3 million cash this very instant and a single penny that doubles in value every day for 31 days, which would you choose?

If you have heard of the Penny Gambit before, you know you should choose the single penny that doubles every day. But why is it difficult to make that choice that leads to greater wealth? It is difficult because it takes so much longer to see the pay off.

Assume there is a race that last for 31 days between Person A who takes $3 million dollar hard cash and Person B who takes the single penny that doubles every day. Who wins? Well, the result is not that obvious—at least not immediately.

On day 5, Person A has his $3 million while Person B has just 16 cents.

On day 10, it is $3 million vs. $5.12. How do you think Person B is feeling now? Person A is spending and enjoying his $3 million.

On day 20, Person A still has his $3 million and Person B now has $5,243. How do you think Person B is feeling now with all his sacrifice and hard work? Perhaps, he feels disappointed not to have caught up yet.

On day 29, Person A still got his $3 million while Person B has around $2.7 million.

It is only until day 30 of this 31-day race that Person B pulls ahead with $5.3 milllion.

And on the very last day of this 31-day marathon, Person B finally emerges the winner with $10,737,418.24 against the $3 million of Person A.

Thus, we see how small smart choices accumulate over time to create radical difference.

If you eliminate unnecessary spending, you can save money that can be invested to yield fortunes in the years to come. If you had made a good investment ten years ago, you would be closer to freedom today. Search and make research about good investment that can secure your financial future.

Financial freedom takes time. The key to financial freedom is start early and invest more.

Myth #3 Someone else will take care of you

I quote Barbara abundantly from the book I mentioned earlier. She really makes a good point on this issue. She says:

“Not that people actually say this out loud; because most don’t—but they’re saying it with their choices and behavior. ‘My boyfriend, my husband, my father, my financial advisor, takes care of my finances.’ Or: ‘Oh, it’ll all take care of itself.’ I’ve got news for you: No he doesn’t, and no it won’t.”

The Latte Factor, David Bach and John David Mann

She further says:

“Your wealth is exactly like your health. Your health doesn’t just happen. It’s not something that takes care of itself as you go through life. You can’t leave your health in someone else’s hands, and the same goes for your wealth. They’re both completely in your hands. No one else’s.”

The Latte Factor, David Bach and John David Mann

It is even more important for women to secure to become financially free. As women in today’s world, you need to take financial freedom even more seriously than men because:

  1. Women on the average still earn less than men in today’s world.
  2. Women spend on the average of about 10 years out of work to care for children and elderly parents.
  3. Women need more time. Women especially mothers handling a lot of responsibilities: taking care of children, doing the household chores and then juggling all of that with work. At the end of the day, you are exhausted. And you have no free time for yourself. Little wonder lots of marriages are on the rocks today!
  4. Women tend to live about 7 years longer than men. Meaning majority of women will live as widows with husband financial support. I can tell you that as a widow with no financial security, it can be very nasty especially in our African context. A lot of widows live and die poor.
  5. Many marriages end in divorces, leaving many women to cater for themselves financially.

As a women, (and men too) you need to avoid dependency.

Your financial future is in your hands

You can take that small step towards financial freedom today knowing that the Compound Effect will work in your favor as sure as the day and night. Make the decision not waste money no matter how small it might be. That small discipline will spill over and have a ripple effect over your finances.

I strongly believe we are meant to live life of abundance. Let’s begin.

IF YOU LIKE THIS POST, SHARE IT WITH YOUR FRIENDS.

See also: 3 RULES OF MONEY THAT BREAK YOU WHEN YOU BREAK THEM

P.S:

My blog, triplyfree.com delivers content that will help you obtain time, health and financial freedom.

SUBSCRIBE TO MY BLOG TO RECEIVE MY FREE DOWNLOAD ON TIME, HEALTH AND FINANCIAL FREEDOM.

I need your help. Help me. I need traffic to my blog which is just starting out. Visit my blog https://triplyfree.com and share the posts to AS MANY PLATFORMS AS POSSIBLE. Thank you in anticipation.

Health Freedom

#1 Secret For Lasting Intimacy In Marriage

Ever wondered why your wife is acting so cold to you especially during bedtime?

You are grabbing for her and then she withdraws? You are wondering in your mind what the hell is going on? Have I not been a good husband? I go to work from morning to night to provide money to put food on the table, send the children to school, afford the rent…

You are getting angry now.

This has been going on for some time. You are sex-starved. She is not flinching one bit. Truth to be told, you are getting tired of this whole marriage thing. Nobody told you marriage will be this difficult. In fact, both of you are just a little way to calling the marriage quits.

What is wrong with us? You ask. And you are not getting any closer to the answer.

Wait a little bit.

You have to understand that men and women are different.

The differences between men and women can be the cause of the greatest conflict in marriage.

 It is important that you learn these differences. Understanding these differences will lead you that #1 Secret for long-lasting hot, sizzling, satisfying sex in marriage.

Read on.

In Clifford and Joyce Penner’s book, The Married Guy’s Guide To Great Sex, the sexual differences between men and women which I am going to paraphrase here:

  1. The Effect of Frequency. The longer the time between sexual encounters, the more a man wants sex and more quickly he moves towards arousal and release. The opposite is true for a woman. The longer it’s been since she’s had sex, the less she desires it and the more time and connection she needs to experience pleasure and response.
  2. Body involvement. For women, sex involves the whole person and it is not just focused on the sexual organ. So, women need to experience connection and love to feel sexual while men feel sexual when stimulated and aroused.
  3. Orgasms. Women can experience multiple orgasms without intervening period of rest. However, any point in time, the orgasm can be interrupted by internal or external distractions such as fear, worry, insecurity, etc. For men, they require a rest period after ejaculation before they can be re-stimulated to another erection. A man’s ejaculation cannot be stopped once it has begun.
  4. Dysfunctions. In our culture, men tend to be more active during sex than women. The pressure therefore on the men is usually with getting and maintaining erections or ejaculating too soon. For women the pressure is to experience orgasm, leading to some women ‘faking’ it.
  5. Readiness. Men tend to get stimulated quickly. Women need time and connection to become aroused. Women tend to be more concerned with the quality of lovemaking rather than the quantity.

Men tend to experience love through sex; women tend to want sex as a result of feeling loved and connected.

 In other words, the man’s experience of love is usually towards physical intimacy while for the woman, it is emotional.

When a man pursues a woman’s body, she will feel used. In order for her to feel sexually connected to you, she needs to know that you honor her: that you value her, adore her, cherish her, delight in her…

Gary Smalley in the book, Go the Distance: The Making of a Promise Keeper expresses it this way:

“A wife is validated by her husband’s sexual interest if it’s expressed through connection and affirmation rather than pursuit or expression of need.

Honor is at the heart of all loving relationships—with God, our spouse and kids, our boss and co-workers. To honor someone is to attach high value to that person. It’s a decision we make regardless of our feelings. When we decide to honor someone, we’re saying that person is extremely valuable and important to us.”

Go the Distance: The Making of a Promise Keeper (by John Trent, et al)

The #1 secret is to honor your wife.

How might you show honor to your wife?

How do you show that you highly value your wife?

Here a few suggestions:

  • Look for the positive things about her and compliment her for it. Stop the incessant fault-finding. When you compliment the good things about her no matter how little, they will grow.
  • Help her with the chores. I know, I know. You are probably screaming now, “I’m a man!” Our culture has imbued us with this stereotype about men that is working against our marriages. You say a man that washes the dishes, change diaper for the baby or go shopping is no longer a man. Well, I say that is plain wrong! Doing household chores does not in any way diminish your importance as a man; rather I say it affirms it.
  • Listen to her. I know this is kinda hard. Women talk a lot more than men. Most men (me inclusive) tend to talk little. But the way to show that you love your wife is to listen to her, and really listen. Listen without interrupting. Listen without rushing to proffer solutions to what you think is the problem. She just wants to air it out. So listen and seek to understand what she is saying. She will love you for it.

Like anything in life, you don’t get something for nothing. Marriage takes work.

You need to be ready to put in the work to make your marriage work.

Don’t opt for the cheap option of divorce at the slightest irritation! Your sexual life can be hot and sizzling but it takes work.

IF YOU LIKE THIS POST, SHARE IT WITH YOUR FRIENDS WHO MIGHT BE STRUGGLING WITH THE ISSUE IN THIS BLOG POST.

P.S:

My blog, triplyfree.com delivers content that will help you obtain time, health and financial freedom.

SUBSCRIBE TO MY BLOG TO RECEIVE MY FREE DOWNLOAD ON TIME, HEALTH AND FINANCIAL FREEDOM.

Health Freedom

#3 THINGS YOU MUST KNOW ABOUT COVID-19 (#2 IS REVEALING!)

What You Need to Know About Covid-19

The world has been in a state of shock ever since the discovery of the Coronavirus December last year. COVID-19 stands for Coronavirus Disease 2019 (Yeah, the “19” was derived from the year it was discovered).

NOTE: Covid-19 is the name of the disease, not the name of the causative organism.

The organism that causes the disease is Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2).

The virus usually causes mild respiratory disease much like common cold but in a small number of cases (1 in 6 persons), the virus travels far into the lungs, then the bloodstream and then damages other organs. Organs that can be damaged include: heart, kidneys, liver, intestines, etc.

The Coronavirus surprisingly causes the body to fight against its own self thereby destroying healthy tissues.

How? You ask.

IMAGINE: a troop of soldiers is sent to fight against terrorists who have mingled with the civilian population. In fighting against the terrorists, the soldiers would inadvertently injure the civilians too. That is, there would be civilian casualties. A similar thing happens in the body.

Put another way, COVID-19 can damage the whole body.

How Coronavirus Enter the Body

The virus causing COVID-19 can enter the body through the nose, eyes and mouth.

The virus attaches to cells that have a specific receptor called ANGIOTENSIN CONVERTING 2 (ACE2) enzyme receptor.

Think of a cell as a skyscraper. How do you get to the top floor? THROUGH AN ELEVATOR of course!

A RECEPTOR is like an ELEVATOR.

The virus attaches to the receptor and the receptor then carries it INTO the cell!

#3 NOVEL THINGS ABOUT COVID-19

#1 There is no vaccine for it yet

The flu (also called seasonal influenza) has been around for some time. So our bodies have developed immunity to it. More so, there is a vaccine for flu.  

Not so with the new Coronavirus.

It is a new virus on the block, so we don’t have immunity for it yet. Much less, no vaccine and no cure!

#2 It damages the whole body

Majority of cases present with mild symptoms such as fever, dry cough, difficulty in breathing, muscle pain, headache, sore throat, loss of taste and smell.

 It may even present with runny nose, fatigue. Other symptoms such as vomiting, diarrhea, lack of appetite, redness of eyes, rashes, tingling sensations in the body have not yet been confirmed.

However, the virus can damage many organs.

LUNGS: It can damage the lungs leading to ARDS (Acute Respiratory Distress Syndrome) which prevents oxygen from getting into the body. Oxygen is life, my dear!

HEART: It can damage the heart leading to irregular heart beat (called medically arrhythmia); it can damage the muscles of the heart (called medically myocarditis). It can even cause a heart attack!

BRAIN: The virus may attack and damage the brain. The serious problems it could cause include:

  • seizures (called in layman’s term, convulsions)
  • stroke which can lead to coma.

The virus MAKES THE BLOOD THICK so that it doesn’t flow around easily. This is called CLOTTING.

Think of Palm Oil that congeals during the cold season!

And because blood doesn’t flow around easily, enough blood doesn’t flow to the brain leading to stroke. That is why COVID-19 patients are given medications that make the blood less thick so that it can flow around easily.

#3 It may cause a new and rare illness in children

There are reports that the virus is causing a new illness in children called Pediatric Multisystem Inflammatory Syndrome that presents with persistent high fever, swelling in the hands and feet and redness of eyes.

Who is at risk?

Everyone is at risk of contracting the Coronavirus because we have no immunity or vaccine for it yet.

Few people die from COVID-19 but because it infects a large number of people (all around the world); it magnifies the number of death. The few people likely to develop complications from COVID-19 are those:

  • above sixty-five years of age
  • having asthma
  • having COPD (Chronic Obstructive Pulmonary Disease)
  • who are obese (with a BMI of 30 and above).
  • having hypertension
  • having diabetes
  • having kidney disease
  • with heart disease
  • with cancer
  • with HIV/AIDS

Stay Safe

You can reduce your risk of contracting COVID-19 especially if you have the above listed risk factors by:

Washing your hands regularly with soap or alcohol-based hand sanitizer.

Observing social distancing of at least one meter to reduce how far the virus can travel to you.

Taking your medications as prescribed by your doctor.

Report symptoms promptly to your doctor for appropriate treatment.

Exercising regularly. Exercise boosts your mood and immune system. (The truth: staying at home can be boring and depressing!)

Eat well. Eating well will boost your immune system.

Have fun! Watch your favorite TV show, read a good book, learn a skill, use the social media moderately.

You make these times count. Make it memorable for the years to come!

READ THIS BOOK TO LEARN MORE: Fight Back by Chauncey Crandall, MD

SUBSCRIBE TO MY BLOG TO RECEIVE MY FREE DOWNLOAD ON TIME, HEALTH AND FINANCIAL FREEDOM.

Financial Freedom

Four Really Simple Steps To Financial Freedom You Must Know

WEALTH IS NOT THE SAME THING AS MONEY. It is not the size of your income. Wealth is measured in time.

Robert T. Kiyosaki in his book, BUSINESS OF THE 21ST CENTURY (Click here for a FREE DOWNLOAD OF MY CONCISE CHAPTER-BY-CHAPTER SUMMARY OF THE BOOK) defined WEALTH as the “richness of your life’s experience today plus the number of days into the future that you have the capacity to continue living at that level of experience.”

In other words, it is not just enough to say that you are enjoying today. The measure of how wealthy you are depends on how long you can sustain today’s enjoyment into the future. The longer you can sustain your current lifestyle, the more truly wealthy you are.

When it comes to the definition of what an ASSSET is, many people get it wrong. For example, someone calls his personal car as asset. THIS IS NOT CORRECT!

AN ASSET IS THAT WHICH PUTS MONEY IN YOUR POCKET.

A LIABILITY IS THAT WHICH TAKES MONEY OUT OF YOUR POCKET

With this definition, we ask: DOES YOUR PERSONAL CAR PUT MONEY IN YOUR POCKET OR TAKE MONEY OUT OF IT?

Think of it: you buy fuel, pay for car repairs, buy insurance, etc. It is taking money out of your pocket. So it is not an asset but a liability.

If you have a house you put on rent, then it is an asset because it puts money into your pocket! It is that simple.

TO BECOME FINANCIALLY FREE, YOUR GOAL IS TO BUILD ASSETS THAT GENERATE PASSIVE INCOME

Here are the four steps to financial freedom. Read carefully:

THE FOUR SIMPLE STEPS TO FINANCIAL FREEDOM

Build a business. A business is like a child. You have to nurture it to grow. A business can take some time to get off the ground.

Reinvest in your business. The reason so many people fail to achieve great wealth in any business is simply that they fail to reinvest continually in the business. Your initial profits is not for you to spend away but to plough it back to expand the business.

Invest in real restate. As your business continues to grow, you can use your supplemental income to buy real estate. The best real estate deals are usually expensive; that is why you have to build your business first to generate enough cashflow to invest in real estate.

Let your assets buy your luxuries. You use your income to build your assets, i.e. your business and real estate investments and then once they are sufficiently built, you let them buy your luxuries.

I love how Robert Kiyosaki does it. When he wanted to buy a Bentley, he didn’t just pull money out of his pocket. Instead, he set up a new business that will generate money anew for him to buy a Bentley. In other words, he used the opportunity for a luxury car to begin another business!

Click here for a FREE DOWNLOAD OF MY CONCISE CHAPTER-BY-CHAPTER SUMMARY OF THE BOOK: BUSINESS OF THE 21ST CENTURY

If you like this post, SHARE IT WITH YOUR FRIENDS.

See also:

Motivation

WHY THE POPULAR SAYING, “IF YOU BUILD IT THEY WILL COME” IS A COMPLETE LIE

I had an idea for a blog. I bought the domain name, set the website and wrote two or three posts for starters.

And I expected the traffic to my blog to shoot through the roof.

ONLY that it didn’t happen.

Nobody really visited.

A few weeks later, I had just a few random visits to my blog. And even those who randomly dropped by didn’t even wait for more than three seconds before they went elsewhere. 

What did I do wrong? Why didn’t people like my blog? Why wasn’t there traffic coming to my blog? I thought and thought. I became depressed.  I gave up the blog. The blog was there, lifeless, on the internet until the registration for the domain name ran out.

UNTIL recently…

I read about online businesses from a couple of books. I watched videos. I listened to podcasts. Then I discovered it.

I DISCOVERED that coming up with a business idea and implementing it doesn’t mean you are going to have customers. Coming up with a idea or product, setting up a website or spending huge money on adverts won’t guarantee that customers will come. No, those won’t do it.

The popular saying, “If you build it, they will come” is a big misconception. A LOT of people have this misconception about business.

It is a lie that has been the result of a failure of many businesses.  They think up an idea, run ahead to execute it and when they hear crickets—when things don’t work out as planned, they wonder what happened and eventually get discouraged like I was.

UNLESS YOU BUILD YOUR BUSINESS THE RIGHT WAY, PEOPLE WON’T COME. And that’s the truth.

The golden question will then be: “How do I build my business such that people will come?”

YOU BUILD A PROFITABLE BUSINESS WHEN YOU SOLVE PEOPLE’S PROBLEMS. Notice, I didn’t say when you solve WHAT YOU THINK is people’s problem. That is where I got it wrong. That is where a lot of people get it wrong: THEY COME UP WITH AN IDEA THEY THINK WILL SOLVE WHAT THEY THINK IS PEOPLE’S PROBLEM.

No, don’t do that.

How do you find out what people’s problems are then?

PEOPLE HAVE TO TELL YOU WHAT THEIR PROBLEMS ARE

Yes, that’s right. You have to let people tell you what their problem(s) is/are, before you can come up with the solution to their problem that is spot on. And for that…

YOU HAVE TO ASK THE RIGHT QUESTIONS AND LISTEN FOR THE ANSWER.

According to Ryan Levesque, people don’t know what they want but they do know what THEY DON’T WANT. Hence, they can accurately answer when you frame your question around what they don’t want—what Ryan calls SINGLE MOST IMPORTANT QUESTION (SMIQ).

HOW DO YOU TO FRAME YOUR QUESTION TO GET THE RIGHT RESPONSES?

You can say something like: “When it comes to X, what is the biggest challenge, frustration, obstacle, or hurdle you run into?” In this example, “X” stands for the thing you intend to help people with. Ask your clients to be as detailed as possible in their responses. Detailed passionate responses are very important because they indicate the MAIN PAIN of the people. A casual answer lacking depth, detail or passion will usually mean the problem/challenge is not serious enough.

Then you listen closely to how they describe their problems or challenges. It is IMPORTANT you WRITE DOWN OR RECORD what you hear. That is because you will go over their responses in your contemplative period in order to find the patterns and commonalities in the problems and challenges they described.  

WATCH OUT for depth of responses more than frequency.

When you know what the people’s problems are, you are then equipped to come up with the right solution to serve these people. Your solution will be spot on and people will be willing to PAY YOU FOR IT.

WHAT EXPERIENCES HAVE YOU HAD REGARDING FAILURE IN BUSINESS AND WHAT HAVE YOU LEARNED FROM THAT EXPERIENCE?

SHARE IN THE COMMENTS BELOW.

Please don’t forget to SUBSCRIBE to my blog: www.triplyfree.com

For more, read: https://www.ianaltman.com/salespodcast/ryan-levesque/

Motivation

OVERCOMING THE FEAR OF DOING WHAT YOU LOVE

In wanting to build a business around your passion or hobby, one fear might confront you more: the fear that there are others who are doing what you want to do and are doing it better. So why bother trying? It is one fear that squashed many of my ideas. Everywhere I looked, whatever idea I came up with for a business, someone was already doing it. In fact, 99% of the names I came up with for my business idea were already taken when I looked up the internet. I wondered if there was any hope for me. But then I came across a podcast episode by Jeremy Frendsen of internetbusinessmastery.com that helped me overcome that fear. It was a relief when Jeremy said the same fear confronted him really hard when he was starting out. He overcame the fear with two simple insights.

The first insight is: others can do what he wants to do and even better but there is an element that is unique to him. And that’s him. Yeah, that’s right. He realized nobody can be like him. It is you plus what you do that makes whatever you do unique. You have a personality that is unique to you; you have a mix of experiences that is different from everyone’s else. When you infuse your personality and your experiences into what you do; whatever you do becomes different. So don’t worry if others are doing what you want to do. Let your uniqueness shine through what you do. For example, if you love humor then whatever you do, incorporate humor. Share your life experiences with your audience according to the degree you are comfortable with.

The second is: people don’t get it the first time. They need to see it or hear it over and over again. So this fact should encourage you to join those who are doing the thing you intend to do because you are another person they need to encounter for that idea or solution to ring true. We need repeated exposure, usually from different people or sources for an idea to stick or be taken seriously. That means what you do, even though it is the same thing as what many others are doing, is another link in helping people appreciate that idea or solution.

So, step out with your idea without fear because people are waiting to pay attention to you. Go out and do what you love without fear.

Please share your comments below. Share the post with your friends. Subscribe to the email list. You can reach me with your questions at triplyfree@gmail.com