Rich or Poor

God has smiled on me and the truth shall set me free!

Now, all good things must come to an end or something like that. According to D. Spells, Author Ebony Report, News and Commentary the author has published this report: 'Rich Dad Poor Dad' team splits in chapter of 'He said, she said' Art

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It is not the amount of money I have but do I possess the knowledge, skills, courage and dedication to put what I have to the best use?

What the rich teach their kids about money that the poor Do Not!

--People who want to be entrepreneurs should consider joining a Network Marketing and Direct Sales business before. Why? Many of these companies provide essential sales, business building, and leadership skills not found anywhere else. One of the most valuable benefits from associating with a reputable organization is that it teaches the mind-set as well as the courage required to become an entrepreneur. You will also become more familiar with the systems required to build a successful business. The entry fee is typically reasonable and the education can be priceless.

--Since tax laws are biased in favor of business, the best way to succeed is to own a business, or several of them.

--Ain’t nothing to starting a business but can you and those depending on your support maintain a business and make it through the tough times?

-- contrary to conventional wisdom -- a good education and a good job are not the path to wealth and financial independence, it's the rare jobholder who becomes rich.

-- It's really hard to invest if you're an employee. First, the government takes 65% of your money. How do you get ahead that way? The only way is to work harder. Then the pressure is on to buy a bigger house and get further in debt. That's insanity.

--To escape the cycle of job and financial insecurity with financial literacy. --Become familiar with balance sheets and income statements. --Invest in quality assets based on your own research. --Own businesses formed as personal corporations, to exploit tax laws and acquire assets.

--Both employees and the self-employed work, get taxed on gross income, pay living expenses and then try to invest what's left over -- which usually is nothing. But the rich work for their own personal corporations, spend like crazy on their corporations, benefit personally and get taxed on what's left over.

--Company savings and retirement plans aren't the route to independence. That's because mutual funds, individual securities and bonds that comprise the investments of these plans are sanitized investments, which provide just modest appreciation potential yet carry no insignificant risk.

Generally, the worst investors are those who think they can invest on their own. There is a learning curve!

This insight suggests when I want to invest in these type of programs and plans, I need a good Broker. About Brokers

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