Warning: include(/home/content/b/o/b/bobotukah/html/wbs/plugins/system/legacy/footer.php) [function.include]: failed to open stream: No such file or directory in /home/content/41/2933341/html/wbs/index.php on line 8

Warning: include() [function.include]: Failed opening '/home/content/b/o/b/bobotukah/html/wbs/plugins/system/legacy/footer.php' for inclusion (include_path='.:/usr/local/php5/lib/php') in /home/content/41/2933341/html/wbs/index.php on line 8

Warning: session_start() [function.session-start]: Cannot send session cookie - headers already sent by (output started at /home/content/41/2933341/html/wbs/index.php:8) in /home/content/41/2933341/html/wbs/libraries/joomla/session/session.php on line 423

Warning: session_start() [function.session-start]: Cannot send session cache limiter - headers already sent (output started at /home/content/41/2933341/html/wbs/index.php:8) in /home/content/41/2933341/html/wbs/libraries/joomla/session/session.php on line 423

Warning: Cannot modify header information - headers already sent by (output started at /home/content/41/2933341/html/wbs/index.php:8) in /home/content/41/2933341/html/wbs/libraries/joomla/session/session.php on line 426
Wealth Building 101

Home WealthBuilding 101
 
Wealth Building 101
Where Do I Find a Mentor? PDF Print E-mail

I have read countless books and have been to numerous seminars where they tell everyone how important it is to find a mentor.  A mentor is someone who's been where you want to go and as such can offer invaluable advice  regarding how to get there.  At seminars, the people touting the value of mentors are usually trying to get you to allow them to be yours, for a price.  Most of the time these are at investment and wealth seminars, so be wary.  While I think it's not totally unreasonable for someone to charge for their time and valuable advice, I wouldn't go paying a so called mentor anything if I have never heard of them and their assets are unverified.

So are mentor's really all that?  Do I need one?

Read more...
 
OPE: Other People's Efforts PDF Print E-mail
Written by Chairman   

Most people are used to earning an income based on their own efforts.  Regardless of your career choice, such as a doctor, a landscaper, a programmer or a teacher, most people rely on their own skills and productivity to collect a paycheck and pay their bills.  What if you could have someone else go to your job and do the work for you and you still collect a check?  Of course you would have to give the person you sent a cut of your salary.  Well, that's the basic concept behind using OPE, or Other People's Efforts


 

Like OPM (Other People's Money) , OPE is another fundamental of wealthbuilding that leverages the efforts of other people to increase what you could accomplish on your own. 

 
OPM: Other People's Money PDF Print E-mail
Written by Chairman   

If you've ever taken on a mortgage for a house, had a student or car loan or bought anything on a credit card, you've utilized OPM, which stands for other people's money.  As you can see by our examples, the concept of using other people's money is not new to us.  We do it all the time.  So what is it I can possibly learn from this article?  Well, yes we do it all the time.  We are experts at spending other people's money.  The problem is, they want it back, with lots of interest. 

Read more...
 
Introduction to Residual Monthly Income PDF Print E-mail
Written by Chairman   

If you were to get fired from your job today, how much income would you continue to collect each month?  If, like most people, your only source of income is your J-O-B, then the answer is: not much.  So if you want to know the answer to the question of how do rich people get rich and stay rich?  Well the answer is Residual Monthly Income.

Read more...
 
What To Do If You Get Laid Off PDF Print E-mail
Written by Chairman   

Whenever you work for an employer, always looming overhead is the possibility of being laid off.   A friend's wife lost her job recently so here is a recap of their thought processes as they plan for what to do next.

Read more...
 


Joomla Templates by Joomlashack