All my personal views on different matters of life

Sunday, November 25, 2007

WEALTH IS CREATED BY::

1. Find a product that lot of people want or / and need.
2. Make sure you get repeat business of it.
3. Choose it by looking at the trends
4. Employee others so that you get work done more
5. Employee and train others effectively.

The definition of wealth:
Wealth is the no. of years one can maintain one's current lifestyle if one stops earning. ( in some way, these advertisements mislead you into believing that they have the abilities to make money for you)
But the reality is that AUSTERITY is real wealth. ONe is not wealthy in the things one has but in the things one can do without.
The wealth creation depends upon you and the discipline you maintain to curtail your urges.
Consider how the current environment is enticing you to indulge in your urges and to do things, which are against your long term financial interest.
Advertisements urge you to take loan from banks and improve your lifestyle.
They are there to fulfill your borrowing needs. Credit cards car loans, house loans, personal loans, the list is endless.

You believe that the bak fulfills all your needs but in reality it is helping you to get into debt. The deeper you are in debt the better are the bank's earnings and profit because of the high interest rate you pay.

When the going is good, confidence level surges and it is at the stage that the needs to realise what overconfidence can do . Nothing is permanent. Booms are followed b bust and booms follow busts. super profits are not sustainale over long periods of time. over time everything converges to the mean. Look at sustainable and reasonable income streams.

4 PRINCIPLES OF BUSINESS

)Huge expanding market
2)Unique consumable product ---Price + convenience
3)Timing -- trends-- Making / loosing --- study what creates e.g Bay bloomers
Predict what billion People are going to buy.
Real estate business
also damaging drying up
Being at the front of the basket ball
No matter What business are expanding / business are declining 54 yrs big trens , health , looking younger, Brilliant compensation
4) Employ others
1. work for someone
2. be a professioinal
exchange your expertise for someone's dollars
3. Own your own business
Wealth is created by people at work or money at work
leveraging money at work

Money put to work by people
Hiring employees and leveraging employees.
"Everyone has the same amount of Gain"

MOTIVATIONAL AND NETWORK MARKETING

Stability of a person depends on
Security + Growth

www. gboalliance.com

Buy assets
Passive income business
Open yourself for ideas- find them-----------ideas management

Poor--> buy stuff
Middle income-- .>> buy liabilities
Rich-->> Buy assets- Passive incoem business

BRILLIANT COMPENSATION

Marketing Strategy
Products and services
Dr. Charles King + Mr Tim Sales