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Saturday, September 1, 2018

*** A look at the great Warren Buffet *** {302}

 💙Did you know that Warren Buffet didn't start making money until he hit his 50s? In fact, about 99.7% of his wealth was earned after his fifty second birthday. That doesn't mean he was a late bloomer in any sense. He started his financial path towards wealth at a very young age and built his fortune slowly. By the time he was eleven years old, he was buying stock. When he was a teenager, he filed his first tax return, delivered newspapers and owned multiple machines placed in various businesses. When he graduated, he already owed a stake in a forty-acre farm.


He was a natural-born entrepreneur who had an unreasonable approach to creating his wealth. In fact, he said he would be a millionaire by the age of thirty or jump off of the tallest bridge in Omaha. He went to work for legendary investor, Benjamin Graham after college. Using what he learned there he formed an investment partnership with friends and relatives and put all of his money there. He eventually closed the partnership, retired from managing it and bought controlling stock in Berkshire Hathaway, the company that has become synonymous with his name.

In his early forties, he purchased see's candies for 25 million dollars and the company would earn 2 billion dollars in profits over the next 40+ years. In 1978, the median U.S. household income was about $21,000. Buffet's wealth was 4,500 times more than that. In 1982, Forbes printed the first list of the 400 richest Americans. Buffet has been on the list every single year it has existed. For his first appearance, he was listed with a net worth of $250 million dollars.

Three years later, he quadrupled that number. And in 1989 he was worth 3.6 billion dollars. - More than tripling his 1 billion in just four years! As of July 2018, Buffet's net worth was 86.6 billion dollars per Forbes. And believe it or not, even though he has an eleven-figure income, he draws a salary of only $100,000 at Berkshire Hathaway and spends it frugally. How did he increase his wealth by so much so fast? In the broadest of explanations, he invested wisely in real assets that produced a positive cash flow for him each month and remained "broke" - meaning he kept his expenses as a lower rate, so he had money left over to keep investing.

His mindset was not to accept the median household income and the trap of the middle-class. He was unreasonable in his approach to gaining wealth and investing. How exactly was he unreasonable? His mindset was not to accept the median household income and the trap of the middle-class. He had people surrounding him. Telling him that he had made it, to relax, to not work so hard and enjoy the fruits of his labors. He kept his same work ethic and his same approach to investing year after year - never relenting coasting.

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Warren Buffett Quotes: 37 Lessons from the Oracle of Omaha


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*** 3 Things You Need to Start Working for Yourself. *** {301}

💥There are so many different reasons to start working for yourself, and not everyone’s is exactly the same, but broadly, these reasons fall into three categories: First, people who want to earn extra income on top of their regular jobs; second, people who are unemployed and are either struggling to find full-time work or prefer not to enter the job market; and third, people who have chosen to leave whatever full-time job they have and be self-employed instead. Whichever of these three categories you fall into, there are three things you will need before you get started to make sure you can make the most of working for yourself.          

 1 – A Plan

 You’d be surprised at how many people start trying to work for themselves without any kind of plan. They might have an idea, then immediately start trying to make it happen without any proper planning. They soon realize they are in over their heads and, more often than not, find their great idea is turning into a huge failure. Now, you don’t need to have the next five years mapped out in detail but take a bit of time to research the work you’re planning on doing, what it takes to market yourself, and all the details of running your own business or sideline gig. If you use a company that gives you the plan, you’re a few steps ahead, because a lot of the planning and admin are taken out of it for you. Make sure you understand the way the company operates, though, so you can maximize your earning potential. Don’t forget, your plan should also include things like what your working hours will be, how many hours you’ll work per day and what critical activities you need to focus on to get the result you are after. We’ll go into what makes a good plan in a future article.

 2 – A Space

 Whatever work you’re going to do, dedicate a space that’s suitable for the work and for you. If all you need is a laptop and somewhere to put it, it does make things a lot easier but try to find a space that can be used permanently. There’s a good reason for this. Self-discipline is vitally important to being self-employed, whether it’s full-time or in addition to your regular job. It’s so easy to get distracted if you’re not being supervised and when you’re working for yourself, time really is money. One of the ways to instill a sense of discipline is to have a dedicated space for work. Make it clear to family, roommates or other people you share your space with that this is your work area and when you are there, you are not available for leisure activities. It also helps you focus on your work and get into an “I’m working now” mindset.

 3 – The Right Equipment

 For many work from home opportunities, all you need is a laptop or desktop computer, a telephone line and a good internet connection. Make sure that your computer is up to date with the right software, has a big enough hard drive and enough storage space, and isn’t likely to crash on you halfway through an important piece of work. If the work is going to entail spending a lot of time on the phone, look into a call plan that gives you unlimited calls for a fixed fee, or look into telephone alternatives like Skype. Make sure before you start whether making those calls will cost you more than you’re making! As far as your internet connection goes, make sure it’s with a reliable supplier. Whether you’re using something linked to you phone line, mobile data or satellite internet, it needs to be reliable and affordable. For these and any other equipment to run your home business, take the time to research it. It’s always tempting to buy the cheapest option, but if it’s poorly made, it could let you down at a crucial moment. That doesn’t mean you need to buy the most expensive kind, though – often you’re paying for a name and not quality. Read as many reviews on the product as you can, find out if there’s a way to test it for yourself, and always make sure there’s a good warranty on it.

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{Admin Update}: (IGNORE) 👇

Aug 18, 2018

Google Translator: https://google.com/search?q=translator

Hi Rick,

You Can`t Have What You Don`t Want!

- IF you do not want to own a nicer car, you never will

- IF you do not want to own a nicer home, you never will

- IF you do not want financial freedom, you will never have it

No matter what it is, if you do not want it, you will never have it!

But if there is something in life that you want and you are willing to work for it, then I believe you can have it! We all want more, we all want something better for ourselves and for our families.

We have the Pay Plan that can make all you dreams come true! All you have to do is find some like-minded people who like you, want something better in life!

Please login to your DigiSoft Member Center and take another look at the How It Works Movie, then take a real close look at the 230K Game Plan on the Status Page in your Member Center.

The 230K Game Plan shows how you can make $230,000 in less Than 12 months if everyone made just one Package #2 sale every 2-3 weeks.

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“Your time is limited, don’t waste it living someone else’s life. Don’t be trapped by dogma, which is living the result of other people’s thinking. Don’t let the noise of other’s opinions drown your own inner voice. And most important, have the courage to follow your heart and intuition, they somehow already know what you truly want to become. Everything else is secondary.” - Steve Jobs
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