I must confess, those "secrets" I mentioned in my introduction to this blog ("Start Your Engines") are not really secrets at all. If you go to the Personal Finance and Small Business section(s) of any well-stocked bookstore, you'll find oodles of books laying out all the information you need to prosper. I particularly like (and recommend) authors such as Ric Edelman, Robert Kiyosaki, and Dave Ramsey, just to name a few. I've gleaned the information I provide in this blog from their books, and those of other authors as well. So what I'm providing here is not new or revolutionary. It just may be to you, though.
Though not secret, personal finance information is not being taught in our schools. Most people who want to get a handle on their finances and learn how to become financially successful need to go looking for the information. And most people don't know enough (or don't care, or are too un-motivated) to go looking. So I'm making it my crusade to get you to know, care, and get motivated to get on the road to financial security.
The first--and probably most important--thing to realize about becoming financially secure is that most people will never get there by being an employee. Think about it: companies hire the people who will do the work they need done and pay them as little as possible. Then they charge as much as they can ("as much as the market will bear") for their products and services. So if you're an employee, you're getting paid the least your company can pay, but when you go out to buy the things you need, you're being charged as much as the sellers can get. Not a good formula for socking away the ol' nest egg. Especially in this day and age in which companies are cutting way back but everything is getting more and more expensive. That's why "JOB" is really an acronym for, "Just Over Broke".
The people who do become financially secure, financially independent, or--dare we say it?--wealthy are those who own businesses. Gazillionaire J. Paul Getty once said, "I'd rather have one percent of the efforts of 100 people than 100% of my own efforts." He also said, "To build wealth today, you must be in your own business." The wealthy have learned to leverage other people's time and efforts instead of their own to earn their income. If you're an employee, that's what your employer is doing with you, leveraging your time to build wealth for the company's shareholders. When you own a business, you earn passive income as the business hums along while you're doing something else.
Of course, starting a business can cost gobs and gobs of money, depending on the business. And that's a deal breaker for most people right there. Fortunately, a business model exists that allows people to get in for only a modest investment and grow a business to secure their financial futures. Not only that, it allows them to help others to do the same. The problem is most people--the ones who are "just over broke"--have preconceived ideas about this model and immediately tune out to its amazing possibilities. But the people who "get it" and are making it work for them can cite a well-known saying: "Those of you who say it can't be done are in the way of those of us doing it."
Can you guess what this mysterious and wondrous business model is? That's right, it's what's known in the business world as "Multi-Level Marketing", or MLM. In my next installment, I'll discuss MLMs in more detail, present the preconceived arguments against them, and refudiate--er, refute--each argument in turn. But for now, I hope you've learned that the road to financial independence does not follow the "employee" route. You've got to be a business owner to earn enough to secure your future. And I'm here to help you do that.
Thanks for reading and learning today. Please contribute your comments and questions, and I'll see you on the road to wealth.
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