Category Archives: FINANCIAL EDUCATION 101
Beneficial Payments – Learning to Manage Money as an Entrepreneur
With the exception of those running their own accounting firms very few aspiring entrepreneurs have a great deal of experience with figures.
Managing money is, however, a crucial aspect of running your own firm; in most cases it’s crucial to success for any business however big or small. It is also one of those jobs that many small business owners like to avoid, simply because it can be time consuming and frustrating. Evenings, weekends and just about any spare time are quite often the first things to be sacrificed in the early days of running your own company and they are often sacrificed to the pressing demands of money management.
So what do you need to do and how can you learn to manage that cash flow in a way to ensure it doesn’t sweep you away?
Are You Still Selling Your “Time” For “MONEY”???
It’s no mystery that your financial fortunes are severely limited so long as you are selling your time for money.
Yet many people get stuck here because they cannot see themselves as “entrepreneurs”. It’s time to take the mystery out of this term. If you’ve ever sold anything to anyone – cookies for charity, a bike you grew out of, an iPod on eBay – you’re an entrepreneur. Buying and selling are universal human activities. You don’t have to “become” anything you are not. You just need to focus more energy on a completely natural activity.
One of the reasons that people get nervous around the word “entrepreneur” is that it sounds like a lonely life. In a job, you’re used to a structure that supports you and colleagues around you. The entrepreneur is often portrayed as a kind of lone ranger, riding off into the solitarywilderness…
This is nonsense, of course. The smartest way to grow your entrepreneurial life is to find others to share the journey with you. And thanks to network marketing, there are ready-made systems that give you all the structure and support you could ask for.
So to free yourself from the trap of time-for-money, you don’t have to be a special kind of person. Neither do you need to be alone and unsupported. Today, more than at any time in history, there are opportunities for everyone to create multiple streams of income, beyond the confines of a job.
All success on your journey to generational wealth.
-Kelechi Ibe
Business Building Expert &
Attraction Marketing Strategist.
Connect With Me on Facebook<<
Email: kelechi@ibewealth.com
Add me on SKYPE: ebaykc
What the Rich, Middle Class And Poor Buy On Pay Day
What the Rich, Middle Class And Poor Buy On Pay Day
Watching videos like these have taught me a lot about money and how it works. There is a reason why the gap between the “haves” and the “have nots” continue to widen. This short video by Tim Sales explains why the rich continue to get richer in today’s economy. Please leave your thoughts in the comment box below 
Is Debt Inevitable?
It’s easy to think “There’s no way to start this business without borrowing money.” In some cases, that may literally be the case.
The point is this. Once you exclude debt from the equation, your creative juices are compelled to flow. You start seeing possibilities and solutions you would never have thought of.
So while I understand that sometimes borrowing is the right and necessary approach, be warned: it can make you mentally lazy.
If only as a thought experiment, try eliminating debt from your plans and see how else you can plan a path to your goals. You may be happily surprised by what you come up with.
In our current monetary system where inflation is increasing daily, the financially educated will use debts in their favor to create lots of income producing assets because they know how to convert the devalued dollar into tangible cash flow producing assets… but beware it calls for a high financial IQ.
-Kelechi Ibe
Business Building Expert &
Attraction Marketing Strategist.
Connect With Me on Facebook<<
Email: kelechi@ibewealth.com
Add me on SKYPE: ebaykc
