Shift of Momentum... Network Marketing Success with JT DeBolt
What Do You Do Now?
Since you are reading this, I am guessing that you have managed to survive the holidays and put the first week of 2008 in the books. Congratulations. Now what? Well, I am sure at least a few of you made New Year’s resolutions, and if any of those had anything to do with getting ahead financially, let me offer a little assistance. Call it a financial game plan for 2008. Here it is…
First, take a good hard look at your debt. Building wealth can be challenging, so don’t handicap yourself anymore than you need to with a ton of debt. Now, I am NOT saying that debt should keep you from taking decisive action toward investing or building wealth. But you have to be practical about how you go about it. The best way to start is by managing your debt. How much do you owe? What are your interest rates? Can those rates be negotiated with your creditors (many credit card companies and a few mortgage lenders will work with you if you have been responsible with your credit). Do you owe the IRS any taxes? All of these questions need careful study and consideration. Look at your debt with a hard, honest and humble look. The only way to get where you want to be is to know the place from which you are starting.
Second, you MUST minimize your taxes if you intend to get ahead financially. The price of oil recently hit $100 a barrel; this is an ominous economic indicator with far-reaching implications to your personal economy. The first step every one of us MUST take is to minimize the taxes we pay. The most logical way to do this is to generate less taxable income. This is one of the biggest reasons why I beat the drum for business ownership. Believe it or not, the government actually wants you to pay fewer taxes. But in order to qualify, you must change the way you generate income. An experienced tax expert can show you the way…and I know the best ones around!
The next thing everyone must do to engineer a solid wealth-building strategy is to create a savings and emergency fund account with existing assets. No assets? You are not alone. NOW is the time to start accumulating assets. And by the way, that house you “own” is probably not an asset. Robert Kiyosaki calls an asset anything that puts money in your pocket. So, unless you are subletting a room to a tenant, and that income exceeds your mortage payment, your house is probably not an asset. You need investments. One of the best investments you can have right now is a home-based business. Before you drop a wad of cash in some financial advisor’s lap (a.k.a his wallet), look into a network marketing business. It’s time to take back control of your financial destiny, people. Stop trusting someone else to do it for you.
Next, it is vital that you build a financial fortress to protect the assets and wealth that you have. What is the sense in working hard to build a bright future if someone…anyone, can swoop in and take it all from you. Make sure you have the legal advice necessary to protect yourself in our lawsuit-happy society. If you live outside the U.S., this applies to you as well. And by all means, ensure you have the proper amount of insurance to protect you and your family in case of an emergency or worse.
Now that you have built a solid foundation of security and protection, it is time to get serious about building a legacy. I’m not just talking about stacking up a huge mountain of cash in your portfolio. I’m specifically talking about investing like the wealthy and the well-connected invest. I’m talking about setting yourself up for an early (or earlier-than-expected) retirement…because time is more precious than money. It has been said that Bay-Boomers will need a minimum of $1 million in order to retire. If you are younger, you have more time to get ready, but you will need even more (for instance, I’m 36 and my generation will need approximately $5 million for retirement!). NOW is the time to make it happen.
Finally, once you have these steps taken care of, it is time to start living the lifestyle. Yes, I am talking about actually enjoying the life you have created for yourself and the people you love. To be a truly enlightened wealthy person takes several deliberate and earnest steps in order to achieve financial greatness. Imagine what you could do with more time and more money than you could ever need. Who would you help? What would you do? What would be your LEGACY?
If all of this sounds daunting, don’t get discouraged. You can find all kinds of experts to help you set the course for a bright financial future. It takes a lot of due diligence…or you can align yourself with a team of experts that has already done the research for you. You can plug into the latest investment knowledge available and learn from experts with decades of proven success. You can have an entire team of legal, financial and tax experts working FOR YOU to assist you in building that strong financial and educational foundation that will bolster you and your family for generations to come. If you are ready for that kind of opportunity, then check out the best way to build wealth on the internet. Find out how we have helped so many people change their lives for the better, and see how our opportunities will work for you.
Here is to a great start to an amazing year!
~JT
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