MAKE YOUR MONEY WORK FOR YOU

You’ll never become financially successful trading time
for money. As my mentor Mark Victor Hansen, co-author of the “Chicken Soup for
the Soul” mega-bestselling book series, says, “JOB stands for just over
broke.  What you want is an
MBA, a massive bank account.” 

Robert
Allen
, author of four New York Times List best sellers including my
favorite “Multiple Streams of Income”, is another one of my mentors.  Robert says that wealth comes from these four
areas; real estate, stock market, information products and the Internet. 

Action Step Create a New Income Stream

Start with one of these areas and after it is up and
running, add another stream of income. 
There are several individual streams of income in each of these
categories. You want to create as many streams of passive income as you can so
you no longer have to trade hours for dollars. This is the quickest route to
financial freedom.
You wouldn’t get your financial advice from a 5 year old
or even a 15 year old, so why do you make choices based on beliefs you created
at the same age?  By the same token, as
you know better you do better.  So never
get to a point where you just accept things as the way they are.  You always can change your beliefs and
opinions as long as you are learning and growing.  

Action Step

Get schooled on asset protection/tax reduction
 
Protect yourself from lawsuits and stop paying more than
your fair share of taxes.  For example,
I’m amazed how many people are unaware of the major tax savings available to them
by having a simple part time home-based business. For example, a network
marketing company you join.  
Jay Mitten, know as the father of asset protection, has
the best asset protection program I’ve seen. 
It teaches you how to stop paying excess income taxes, legally avoid
capital gains tax, how to positions yourself so you aren’t worth suing, how to
avoid estate taxes and probate and so much more.  I would highly recommend attending one of
their seminars.   For complete
information on their program refer to their website at www.totalassetprotection.com
The best tax program I’ve found for personal and business
record keeping and finding legal tax deductions is by Sandy Botkin
Using both of these programs together will go a long way to protecting
your future.    
Super successful people take keeping the money they earn
very seriously.  They learned long ago
that it’s not what you make, it’s what you keep!  Would you leave the day to day responsibility
of taking care of your health to a doctor you see once a year?  Of course not.  So why would you leave your financial health
to a bookkeeper or accountant or the person who only prepares your return?  
Being poor and being broke are not the same thing.  Being poor is a mindset while being broke is
a temporary financial situation.  Check
your attitude to see if you are coming from a position of lack or
abundance.  How much money is enough for
you?  

Action Step

Write Your Own Financial Affirmations

Lynn Pierce

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