By far, the top fear holding people back from diving into the entrepreneurial world is the financial risk. They don’t feel safe not knowing that their income is guaranteed or that they’ll be able to make a steady paycheck. I’d venture to say that the vast majority of you reading this fear going out and having to support yourselves.
Is Your Day In Revenue Mode Or Reaction Mode?
One of the questions I’m asked most often is how I start my day. Those who’ve seen me speak or been around me for more than 2 minutes know I’m a fireball. My mind runs 100 miles per hour, my mouth moves just as fast as my mind thinks, and I’m always thinking 15 steps ahead. What can I say – it’s my entrepreneurial spirit 😉
What’s The Fastest Way To Make Money?
Two of the most popular questions I get on my monthly #AskLoral webinars (I’m hosting my next #AskLoral on August 2) are: “How do I get started with no money?” and “What’s the fastest way to make money?”
Don’t Be Afraid To Ask For The Cash
One of the absolute biggest mistakes entrepreneurs make is starting to work before they are paid. Maybe this is you. Maybe you’ve started a project before being paid or even laying out your clear payment expectations.
25 Reasons You Should Quit Your Job Today
Your boss might hate me for this… #FinancialFreedomFriday
The Money Under Your Mattress Is Going To Waste
The sad truth is, some of you still put ‘money under your bed’. Not literally, of course, but you keep your money under your bank’s mattress – you stow away your cash in your bank for years on end…
When I Hear ‘Solopreneur’, I Cringe…
When I hear ‘solopreneur’, I cringe. Why would you want to do EVERYTHING? You can’t run a proper business on your own.
What Bob Proctor Told Me In My 20’s That Changed My Life…
When I was in my 20’s, the legendary Bob Proctor asked me to go to his house in Toronto so we could work on our “Expression of Your Power” program together. I asked, “Why?” He said, “Because you need to see what rich people live like.”
Where Should I Invest Money
If you find yourself asking, “Where should I invest money?” then you should definitely put the necessary effort into making the right choice before you choose where you are going to put your money and hope for a solid return. When you are trying to choose the best place to invest your money, the goal is usually going to be to get the best return from that investment. But there is no singular answer to the question “Where should I invest money?”
If you have built up a sizable savings and would like to increase that savings, one of the best ways to do that is by investing it. As they say, you have to spend money to make money. But choosing the company you are going to entrust with your hard-earned cash can be a big decision and ultimately determines whether or not you are going to consider your investment a success or a failure at the end of the day.
Because there is no one size fits all answer on where to invest money, and it depends on a number of factors, you should just try to find the best fit for your individual situation. Some things to consider include how long your investment is going to last, or how long you are planning to go without that money which determines whether your investment is going to be a long-term or a short-term one. While short-term investments include things such as savings accounts and CDs, long term investments are where you are going to see the best returns at the end of your investment.
Some long-term investments include actively manages mutual funds, index funds, ETFs and more. One thing that experts agree on is that fact that you should really understand what you are investing in before you pull out your wallet. It is important to know what you are getting yourself into, to understand the risks and the possible advantages you could see from bringing your money into the equation. It’s also important to understand how long the investment period will be, to ensure you won’t need that money before the time period is up.
At the end of the day, as long as you choose the right investment that is suited to your individual needs, you are certain understand the benefits of investing as a form of increasing your current assets. The most wealthy individuals have said time and time again that they got where they are today by only putting their money in places that will result in a good return for them.