Remember that parcel of land that you were offered 20 years ago, but you figured you couldn't afford it, and then it tripled in price within three years? That happened to us and we've regretted it ever since, especially since the land is probably worth 10 or 20 times the amount today.
Back in 1971 we read a book by David Wilkerson that said to buy gold, which was $35 an ounce at the time, and also to store gold and silver jewellery, coins and silverware in your safety deposit box for the day when you have to use it to barter. You already know that we didn't do that either, although we do have a few items stashed away at the bank. We would be multi-millionaires today if we had taken out a second mortgage on our home to buy $50,000 worth of gold coins back then, and have solid financial freedom.
1. So you already know from these examples that rich people are savvy about what is happening in the marketplace and they take action immediately. That's number one, where they tune into trusted, well researched sources for advice, but also watch what's happening around the world to make their own decisions. They know a good deal when they see it and they find a way to work it to their advantage.
2. Once you stop working for someone else and you are your own boss, is the day you begin your journey to financial freedom. Every dollar you earn is your own dollar to keep, invest, spend or give away to charity. Being your own boss includes leasing only those items you can write off at tax time and buying the things that you can't lease. In other words, don't work for the banks and the leasing companies, let your money work for you.
3. With a job, you have a structured income, perhaps including some perks like bonus plans or profit sharing. When we stepped into entrepreneurship 16 years ago, we discovered the power of creating multiple streams of income, which is leveraged and residual, all without a ceiling on how much a person or business can earn.
4. Those who declare that they don't like to sell, will be left behind, because everything in life is about selling, even if we call it something else. Those who understand selling, assess all the reasons a person might say no, and then determine a plan to bring about a positive reaction that meets the customers needs and pocket book.
5. Get personal and leave customers feeling good about their decisions. When I was editor of a business journal, I noticed how the publisher immediately found common interests with a customer and established a good relationship in his conversations. When they chose to advertise in the magazine, they made the decision happily, because the publisher had created a positive, feel good atmosphere.
So those are just five reasons entrepreneurs reach financial freedom, although there are many more to discuss in the future.
Deanna Waters
USANA Global Leader, Independent Associate
Experience Success as an Entrepreneur with us.
www.thewatersedge.com
Call 1-888-320-8250
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