| The quickest way to get rich is to start your own | | | | even if you don't work you can still become richer. A |
| business. Most people believe that going to college and | | | | business can generate passive income if you pay |
| getting a good job will make you rich. I have news for | | | | other people to run it for you. You business can also |
| you, the best way to get rich is to start your own | | | | be sold when you are finished with it, and someone |
| business. All of the Mega-Rich people like Donald | | | | else can run it. It is an asset that will make you rich. A |
| Trump, Steve Jobs, Rupert Murdoch all have their own | | | | job is not an asset. |
| businesses. The best thing is that anyone can do it. | | | | 2. You Can Use a Lot of Leverage |
| Whenever I say to people that the best way to get | | | | Businesses are great because the quickest way to |
| rich is to start your own business most people lash | | | | make money is to use leverage, and in businesses you |
| back and say "But starting a business is risky". Did you | | | | can use a lot of leverage. Leverage is basically doing |
| know that 9 out of 10 businesses fail in the first 5 | | | | more with less. In a business you can do a lot with |
| years? And out of the 10% that survive only 1 out of | | | | very little. |
| 10 of those survive more than 10 years? | | | | In a business you can leverage other people's money |
| I am not saying this to scare you, rather the opposite. | | | | (like the banks money) to create your products and |
| Because did you know, you only need to get it right | | | | market your business. You can also leverage other |
| one time. You only need to succeed in business ONCE | | | | people's time and get them to work for you so you |
| to become rich. Robert Kiyosaki, the number one | | | | can spend your time doing other things. You can also |
| personal finance author and great entrepreneur, has | | | | leverage technology. I have many websites that run |
| started and closed down many businesses. But getting | | | | 24 hours per day. I am selling 24 hours per day, even |
| just one right can make you ultra rich. | | | | though I do not have to be online that whole time. |
| These days a failed business venture might cost you | | | | 3. You Get To Keep More Of Your Money |
| some of your time and a couple of grand. I have had | | | | The tax laws are made in advantage of those who |
| many failed business ventures online that cost me less | | | | create jobs, not those who have jobs. By having a |
| than $100. But when you hit it big time you can make | | | | business you have a lot more control over when you |
| millions and millions of dollars. The reward far | | | | pay tax, and how much tax you pay. In a job you |
| outweighs the risk. So don't be afraid of starting a | | | | have little to no control. |
| business because you might fail, because if you fail | | | | One of the problems with saving a dollar (for someone |
| then you can just start again. | | | | who has a job) is that they have to earn $2 first |
| So why are businesses the best way to get rich? | | | | because they get taxed 50%. In business you can |
| 1. You Are Creating an Asset | | | | claim a lot of expenses on before tax dollars, meaning |
| The best thing about building a business is that you are | | | | you pay less in tax and so you get to keep more of |
| building an asset. When you work in a job the amount | | | | your own money. |
| of money you earn is dependent upon how hard you | | | | Businesses can make you extremely rich, and you |
| work. You can only work so many hours and you can | | | | only need to succeed once in your business in order to |
| only work so much. As soon as you stop working the | | | | become extremely rich. So although people say it is |
| money stops flowing. | | | | risky, really it isn't. So why not think about a part time |
| With a business you are creating an asset. You can | | | | business you can start? |
| have other people working in your business so that | | | | |