Category Archives: Earn More

The Power of Pollyanna

I am compelled today to blog about the practicality of being a positive person no matter what.  Many people consider being extremely optimistic, otherwise known as Pollyanna (a person who is excessively optimistic without logical reasons for being so) as naïve.  But I must beg to differ, and argue for the opposite.

It’s not difficult to understand why some people might label another person as being naïve for choosing to be happy instead of sad all the time.  I mean, I know that there are many moments in our lives where we believe that we have the “right” to feel wronged, or even down, because hey, it is after all a tough world out there.  However, there is a power behind choosing a Pollyanna type approach, a power that many people just don’t necessarily seem to see.  Interestingly, what is usually not noticed in the individuals who carry themselves in this positive light is the subtle control and discipline that they are using to maintain it.  In actuality, holding strong and being positive in the face of negativity and scenarios which compel victimhood, ultimately demonstrates a mastery over ones emotions and reactions.  So what seems to be illogical to many is really a form of Spartan-like behavior that leads eventually to better results for the individual.  Let me show you what I mean.  Now I am sure there are many more benefits out there for maintaining this approach, but these are the three benefits that instantly come to my mind:

1.)  Living Your Best Life: A positive outlook means you feel better, and are thus happier most of the time, leading to a better overall experience of everyday life, which necessitates, overtime….a better life.  It was Marcus Aurelius after all who admonished:  “Reality is what our thoughts make of it.”  It is possible to force your reality to be a positive one.

2.)  Increasing Your Opportunities: A more practical benefit is the type of circumstances that one will attract.  It’s not blatantly obvious, but how you feel affects how people react to you.  If you feel good people will see that and will want to be around you to experience the same.  When you feel bad people won’t want to be around you.  This is important for business people and entrepreneurs.  By not constantly projecting an attractive positive personality, you increase your chances of missing opportunity, for the simple reason that key partners/clients might just be repelled by you.  If you are employed it closes doors to opportunities for advancement.  Nobody wants to work with, nor for, a person who has a tendency to be negative, showing little to no control over their emotions, and as a result potentially decreasing the well being of those whom they associate with.

3.)  Increasing Your Health: Positive thoughts = Good Health, Negative thoughts = Bad health.  The more susceptible you let yourself be to negative emotions and feelings the more vulnerable you will be to sicknesses and illnesses as well as slow recovery.  Don’t just take my word for it, look it up, read about it, the evidence is there.

Don’t want to do the research?  Well then give it spin, you’ll see….there is Power in Pollyanna!

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Economics 101 – What are You Worth?

Wow! What a hiatus. Last month was an undoubtedly action packed one. I took a trip to Paris, got engaged, and started participating in a new flag football league all on top of the business activities I normally partake in. Of course the blogging suffered a bit due to “all the activity” and of course a small mishap which had my blog temporarily deactivated. However, the good news is…. I am back!

So today I wanted to touch on something that has been on my mind a lot lately, Economics. I guess I am really writing this now because of a certain essence that seems to pervade the internet, the television, heck the world. This essence manifests itself as a blatant misunderstanding of Economics and economic principles. It is an essence that can be summed up in a mentality known all too well as “The Get Rich Quick Mentality” or “The Something For Nothing Mentality”.

Now, it is understood that this type of thinking may never go away, but perhaps it can be curbed a bit through people talking about it or blogging about it. Who knows?  So hopefully I can save someone some valuable time by helping them realize that they shouldn’t start something if they don’t really intend to be in it for the long haul and put in the necessary work (and yes anything worth doing requires work). In addition it would be nice if this post could help save someone, anyone from quitting too soon…all because they felt their expectations were not being instantly met. (Hello…..things take time!!!)

So, here it is….a pithy point to keep in mind or to share with a friend/acquaintance who is suffering from this dreadful mentality…..

It is…that you can’t get without giving!!!! Seriously, there is actually a law of economics which irrevocably controls the system that neither recognizes nor tolerates, at least not for long, getting without giving. So….what this means is, that there really is only one dependable method for legally accumulating and holding true riches, and this without a doubt is…………….. by providing useful service.

Now how does one provide useful service and why is it important you ask? Answer….  first understand Economics! Which you can find a bit more about in this neat little video.  To your success!

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The $3,000 Giveaway

I am sure that you probably know by now how taxes work and how frustrating they can be, but I thought I’d still put this together and throw it out there to you to jog your memory, just in case you were in need if a refresher, because hey…everyone , or at least almost everyone likes money.

Now, I’ll bet that you have heard of how people can actually save money with taxes when they have a business, but do you know how they actually save the money?  Well if not, then read on because I am sure you have been at one time or another, that person who has said to themselves… “Dang, my friend, sister, cousin, or whatever,  is so lucky..  he/she get’s to write everything off!  If only I could do that…yada, yada, yada”  So I thought I’d share with you how easy it is to save/make (depending upon how you look at it) $3,000 – $9,000 / year in taxes if you so choose to.

Keep in mind as you look at the breakdown that you can simply enter in your own figures to get an estimate of what you woud be able to write off if you had a home based business.  Don’t forget that most of the expenses you already have will fall into a type of business expense category once you have your business up and running (Disclaimer:  all figures are relevant to my expenses and will differ based on the type of business you set up).  Let’s begin!

Tax Deductions (untaxed income) for a Home Based Business


Cell Phone: Monthly Charge:  $ 100 x  12 months
= $ 1,200

Internet Service and Home Phone (Land Line… New Messages) Monthly Charge:  $ 67 x 12 months
= $ 804

Business Overhead
Signup $299.00 + Monthly Website fee $ 14.95 x 12 = 179.4
= $ 478.40

Education / Training (annually)
SuperSaturdays, Conventions, Audiobooks
=$ 1,000

Office/Business Supplies (annually)
Ink Cartridges
= $ 200
Computer Paper
= $ 60
Misc. Pens/Pencils/Staples/etc..
= $ 20
Business Cards
= $ 60
Internet Technology i.e. sites, myfax, etc.
=  $ 122
Gas Mileage (annually)
Total Mileage on Vehicles(s) this year:  15,000
Total Miles driven for other employment:  5000
Miles remaining:  10,000 so
15,000 – 5,000 = 10,000 x $.55
=  $ 5,500

Meals / Entertainment
(meetings with team, partners, prospects, leaders, or recruits)
50% of Monthly meals out or in home:  ($240 x .5 = $120) so
$ 120 x  12 months
= $ 1,440

Vacation (Intellectual Property) $ 1,200 x 2 (# of vacations)
= $2,400

Total Tax Deduction  = $ 13,284.4
Estimate your tax bracket (20 – 25% is good for this example)
= $ 13,284.4

x            .25

$ 3,321.10   =  TOTAL TAX SAVINGS …..Yippee!

I don’t know about you, but  having an extra $3,321 per year is a lot of money.  I am big on assests, so of course I will put the money back in the market and have it work hard for me.  I like to play with the numbers so I will show you what I will get when I invest this $3,321 give away into an average performing stock for oh…let’s say 20 yrs.

So that’s $3,321, with an annual addition of $3,321 for 20 yrs at 6% and I get, drum roll please…………………………. $140,145.74!
(Try For Yourself)

I know what you are thinking… Holy smokes that’s alot of money, and you’re right, it is.  So the question is, what would you do with a $3,000 giveaway? Go on vacation, pay off some debt, invest it, gamble with it?…what?  I am curious.

Okay, so you don’t have a home-based business I understand that, but if you are curious, and would like to know what is out there, I would highly recommend visiting npros.com  or entrepreneur.com.  These two sources  have an extremely extensive list of  fast start home-based businesses which you can choose from that will be most fitting to your personality.

So, are you going to take advantage of the $3,000 giveaway, or are you not going to do anything and  give away the $3,000?

[This is an estimate only.  Check with your CPA as tax laws periodically change.  Many other deductions are probable such as a percentage of all household costs for Home Office, i.e gas, electricity, water, HOA fees, landscaping, sewer repairs, etc…  The percentage is based on the square footage in the home used for the home based business.  Capital Expenses, i. e laptop computers, printers, flat screen TV’s used for presentations may also be depreciated/deductible.  June 2009.  For more Info on Tax Law for the Home Based Business, call for recorded info at 702-405-4438. or visit the Tax Reduction Institute]

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Wages Vs. Profits

profits

A mentor of mine, Jim Rohnwho I’ve been following for a couple of years now, uttered a phrase that caught my attention, more so than usual while studying  him recently.   He had such a strong and significant impact on me  on the day that I heard him say “profits are better than wages. Wages will make you a living, profits can make you a fortune.”

I found the phrase sage like.  I remember repeating what he said to myself  and then thinking about how truly difficult  it most likely is to get rich on just wages alone, and how readily profits can be made if we focus our efforts on accumulating them.  It was a pretty outstanding moment of clarity for me, and I still get the goose bumps whenever I think about it!

Following that phrase,   Jim Rohn went on to make a point about how profits  can actually change your whole attitude, even if you start part-time.  I really warmed up to his suggestion, and perhaps you will too, because he states that it doesn’t matter if it’s part-time on your entrepreneurial business,  your network marketing company, or your service business.

To Jim it didn’t matter.  To him it could be a real estate business, a tutoring business as a teacher, a website design business, a landscaping business in the summer, a consulting practice, woodworking, or a hobby,  heck, he even goes so far as to mention a business of hanging Christmas lights in the winter.   The magic he says, comes from the moment you start investing effort part-time into your own business, because it is then, that you will find how much more exciting it is to get up in the morning, look in the mirror, and go to work on your fortune, even if it is only a small portion of your schedule,… something like 10 – 15 hours per week.

How empowering  would it be, to be able to go to work on your fortune every single day rather than going to work to just pay the rent or the bills?    So you don’t get me or Jim wrong I will quote you some words directly from him when he says ” Now – it is noble to go to work to pay the rent, but if you could also parcel out part of your time – go to work to make your fortune.  Your whole attitude changes; your spirit changes. It is in your voice.  It is in your face.  It is in your gestures.  And then you can say, “I am now working full-time on my job and part-time on my fortune because I found a way to make profits.”

Wow….how amazing is that?  Slightly magical isn’t it?!!  What do you think on the idea of Wages Vs. Profits?  Have you taken any steps to learn how you can make profits vs. wages?  Are you teaching your kids these kinds of concepts?  If not, why not?

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New Marketing For New Marketers

SQUIDOO IS PRETTY COO!!!  Well, I have finally started my lens building on squidoo.com(Yippeeee) and thought I would share it here with all of my entrepreneur friends as it is a phenomenal tool for teaching business minded individuals a new way of marketing.  Essentially squidoo is a GPT website created by the ultimate entrepreneur Seth Godin.  What is GPT?  GPT means Get Paid To…with squidoo.com, you will be getting paid to create lens (websites) on subjects and topics of your interest, of course you will only get paid if your lens can attract enough individuals to it, whereby individuals will be diverted to affiliate marketing or built in advertising and eventually purchase something. 

It’s pretty cool because you won’t have to create all of the affiliate memberships nor will you have to do all of the manual linking that one must do if they are striving to do this type of marketing on their personal blogs or websites on their own.  It’s all built in and free. (FREE IS FOR ME)  It’s especiallygreat for newbies because it gives them insight as to what works and doesn’t work in building followers or interested readers, plus it allows them to only focus on the material they are producing instead of all of the technical stuff.  Check it out

Also, if you are interested in my top ten list of life changing and inspiring books you can take a look at my newest lens at  GreatnessGuides, and if you would like to stay connected with up-to-date ideas and stories regarding entrepreneurship sign up for our mailing list.

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