Investing «My Internet Business Blog My Internet Business Blog

My family and I went to the Kidspace Children’s Museum this weekend. It was really a remarkable place. There was a photo that caught my attention and I just had to get a snapshot. How far will your money go these days? Whether we are in a recession or a depression this has been the topic of discussion amongst many of my friends as of late. There are several that believe that we are in a recession and others that believe we are already in a depression. I feel that we are in a recession but we are treading water and are very close to a depression.

Today there are a record number of Americans receiving food stamps. Gas prices at an all-time high, and staples such as milk, eggs and bread costing a prettier penny every week. The average number of Americans filing for unemployment benefits reached its highest level in two years last week, while just this week, construction spending fell for the fifth straight month and manufacturing activity shrank to its lowest level in five years. Real estate values are even plummeting all over the nation. Many banks are saying they haven’t seen a decline in the housing market since the Great Depression of 1929. In 1933, 24 percent of the workforce was unemployed. In February 2008, according to the Bureau of Labor Statistics, the U.S. unemployment rate was 4.8 percent (though there are reasons to believe that number significantly underestimates the true picture).

As I mentioned in my previous post, there are 75,000 people daily looking for other opportunities especially with the current market. I’ve even had people email me to get involved with my real estate and mortgage business. I do warn them that things are drastically different with different lenders changing their guidelines constantly and homes appraising at very low values. It is still very possible to do well, however, I try to prepare them for what to expect. I also advise them to look into other avenues where the current market doesn’t dictate its success.

The internet is definitely an avenue where people are putting their time and energy into and a great place to invest. We were told to invest in real estate as my siblings and I grew up and and now as the advancement of the internet, we are being told to invest in an internet business as well and ways to drive people to your business without having to pay a large amount of overhead costs. As many people are looking for ways to spend more time with their families and some that are facing layoffs withing their current jobs, take some time to research the internet industry. For more information on a home based business, feel free to email me @ passivecashgal@gmail.com

More beautiful pics from the museum:

Naomi Trower
Passive Cash Gal
Success Coach & Entrepreneur
Be Recession Proof!

2 Responses »

Poor, Middle, Rich?

I love to read. It’s one of my favorite passions in life so much so that I read several books at the same time and finish them all! I am currently reading 3 books but I will mention the 2nd book “Secrets of the Millionaire Mind” by T. Harv Eker as I have talked about the 1st book “Think and Grow Rich” by Napoleon Hill in my two previous blogs. It’s interesting to see my current mindset since I’ve been in all three mindsets; poor, middle class and rich. I find myself hovering between the middle class and the rich mindset lately although I feel that my husband is completely in the rich mindset. I’m going to give a brief summary and give you insight into my thoughts and feelings so you can know more about me and think about where you are and where you want to be in life.

17 Ways Rich People Think

1. Rich People believe – I create my life
Poor people believe – Life just happens to me.
Poor people tend to take on a victim mentality where the blame is placed on the economy, the stock market, their boss, their spouse or God. They justify and complain abput their current position. The rich believe they determine their destiny and make things happen. If you read my blog on Live Life to the Full, you will definitely know my perspective on creating my life circumstances. A perfect example that T. Harv Eker shares is a person that wins the lottery and ends up back to their original wealth amount. Their mindset wasn’t on handling wealth correctly. Donald Trump, on the other hand, had billions, lost a lot and gained it all back.

2. Rich people play the game to win
Poor people play the game not to loseThe main goal for poor people is to survive and have security. They want just enough to pay the bills. The middle class just wants to be comfortable and I find my mindset in this category at times. The main goal for rich people is to have abundance because they realize that uncomfortability creates growth.

3. Rich people are committed to being rich
Poor people just want to be rich
There are people that have negative ideas about wealth whether it be from their family history or from what they hear or experience. Here are some common fears of wealth:

The government will take most of my earnings due to high tax bracket

It’s too much work and it will affect my health

Overall feeling that money is bad

Everyone will want a handout

If I make it, I will lose it

Rich people have fears but they don’t allow their fears to keep them from their goals.

4. Rich people think big
Poor people think small
Rich people tend to think long term while poor/middle class think short term. The definition of an entrepreneur is a person who solves problem at a profit. It’s not about having a selfish attitude but having a genuine heart to help others. The more people that you help, the more you will succeed. I can honestly say that my husband and I have done really well with this principle. We have several businesses from real estate to internet businesses and our mission statement for them all involves helping other people.

5.Rich people focus on opportunities
Poor people focus on obstacles
Rich people           Poor People
opportunities          obstacles
potential growth     potential loss
rewards                   risks
These are things that are habitually thought on a consistent basis. If you want to change your mindset, it will take work to transform your mind.

6. Rich people admire other rich people
Poor people resent the rich
The poor have the mindset that the rich have taken all the money and there is no opportunity for themselves. The rich, on the other hand, believe they can learn more from other rich people.

7. Rich people surround themselves around positive people
Poor people associate with negative and unsuccessful people

8. Rich people are willing to promote themselves and their value
Poor people are negative about selling and promotion

9. Rich people are bigger than their problems
Poor people are smaller than their problems
Poor people tend to complain and shrink from their problems, while the rich focus on working on a solution and overcoming it.

10. Rich people are excellent receivers
Poor people are poor receivers
Poor people believe they are not good enough or undeserving.

11. Rich people choose to get paid based on their results
Poor people choose to get paid based on their time
You’ve heard it all before; go to school, get good grades, go to college, get a good job, etc. I did all those things and was an engineer for 10 years but always felt that I was worth more than my salary. It’s amazing the high amount money I’ve made as an entrepreneur compared to working as an engineer which is a highly respected profession. The poor trade time for money and I didn’t want to do that anymore.

12. Rich people think both
Poor people think either/or
Rich people believe they can have a successful career and a close loving family, focus on their business and have fun, earn a fortune and work at something they love. Poor people believe one can have one or the other, not both.

13. Rich people focus on net worth
Poor people focus on working income
Rich people talk about net worth while poor people talk about how much they make.

Net Worth = Assets – Liabilities

14. Rich people manage their money well
Poor people mismanage their money well

10% Financial Freedom account – passive income for investment only; never spending money
10% Long Term Savings
10% Play Money – enjoy your money and spend this whole amount every month – this helps to save better
10% Education
10% Charity/Tithe
50% Necessary Expenses

I have to admit we need to do better in this area. We do really well with the charity and tithe but have never had a specific acct for our own education (except for our kid’s college fund). We’ve done well with long term savings at times but then it’s not as consistent as it should be.

15. Rich people have their money work hard for them
Poor people work hard for their money
Rich people use leverage – having other people and their money to work for them. Poor people work hard permanently while the rich work hard temporarily until their money works for them. We have several passive income businesses and definitely appreciate our money working for us. My internet business really leverages the internet to work for us. The internet is a powerful tool that has a number of ways to make money which my internet business shows you those techniques.

16. Rich people act in spite of their fears
Poor people let their fears stop them
Fear, Doubt and Worry are common to all people, however, it’s what you do with these fears that is most important.

17. Rich people constantly learn and grow
Poor people think they know everything
Take the time to consider your money blueprint. I’d be interested to hear your comments on where you believe you are today and where you’d like to be. If you want to learn more about passive income opportunities, feel free to email me.

Naomi Trower
Passive Cash Gal
Success Coach & Entrepreneur
passivecashgal@gmail.com
Change Your Mindset