How To Survive In A Bad Economy
HOW TO SURVIVE IN A BAD ECONOMY
How do you survive in a bad economy? Become the entrepreneur you were born to be! I realize that not everyone will become the entrepreneur they were born to be, but I truly believe the key to surviving in this economy is to utilize your gifts and talents, to obtain revenue streams in your own business. Multiple cash flow streams are critical in a bad economy. Allow me to share some of my experiences. Before I became an entrepreneur, I utilized my college degree in computer science to obtain several great career opportunities with major corporations, like US Air, Marriott, MCI, UNISYS (Sperry /Univac), EDS Electronic Data Systems, Perot Systems, Standard Federal Bank, Freddie Mac, Rail Inc. etc. I made a good six figure income in computers. I worked with computers for more than 20 years, designing and developing software, utilizing PCs and Mainframes.
I was laid off 3 times, mostly based on yearly budgets. That led me to do some research. I found that most companies do a budget every year from October through January meaning that one year you or I just might not be in the budget. Also, I found that after working a job for forty (40) years, only about 4 out of every 100 people can retire without depending on family, friends or the government. Meaning, that most people retire broke or below their means after forty (40) years of service. So they retire, only to go back to doing something part- time, which turns into another fulltime job until age 75. What kind of life is that?
I realized after doing my research that working a job would just pay the bills and was not the answer to financial freedom. Also, that I had no control over budget cuts. Along, with a path that was most traveled, but not successful by the age of 65. At that point, it was time to take control of my destiny. So, I walked out on a six-figure income, never to look back again.
Yes, I left Corporate America to pursue what the Lord had called and purposed me to do. I stepped out on faith and the rest is history. I always had a burning desire to run my own company. At this point I'm not trying to impress you, but to inspire you. Once again, not to impress you but to impress upon you, that you can do it too, or a lot more. Most of you are already there and much further.
When I became an entrepreneur I made a six-figure income 2 times, first with computer contracts, and second by opening a learning institute. My third entrepreneurial venture was investing and teaching real estate, where I created a seven (7) figure net worth. Ladies and gentlemen, I should have cashed out before the big bomb. But I wanted to live my life like it was golden, so I continued to invest and reinvest to take that seven (7) figure to eight (8) figures. Not trying to be greedy, but to obtain financial resources to send my kids to college, create financial freedom, and to be able to bless people who are in need.
I don't think Oprah Winfrey or Donald Trump would have cashed out either!
I invested in all kinds of real estate, single- family homes, condos, water front property, golf course community properties, etc.
I lived in almost a 7,000 square-foot gated home with a total of five cars in the garage and drive way, within a golf course country club community. With the real estate bomb it felt like I lost almost everything overnight! But, I never stop moving and shaking although my cash flow, began to get low and slow.
I continued to motivate and educate. Just with a much smaller budget. My faith in Jesus Christ pulled me through that test, along with my good friend Willie Jolley's, book; a setback is a setup for a comeback and my good friend Les Brown's book; it's not over until I win.
I always knew if you held the recipe and had the right ingredients you could get it all back and a lot more. Most of the time, double for your trouble. You learn so much from your first experience that the next time around you're so much more: wiser, skillful, and knowledgeable.
In life, you must be able to take a punch! Even if you get knock down, you must be able to get back up off the canvas of life and continue to throw punches. Sooner or later you're going to hit your target and WIN!
Well ladies and gentlemen, I'm on may way back. I've just written my third book, launched my brand new TV SHOW, and I'm working on a $10,000.000 project!
Let me share with you a few strategies, techniques, and tips on how to survive, thrive, and keep the dream alive in these economic times. Then get ready to change your life in the next 90 days!
2. Try Auto University, The way to obtain a free degree! You can obtain motivational and educational College knowledge, right from the comfort of your own vehicle. Get your certificate today. Utilize time spent in your vehicle wisely, by listening to motivational and educational materials. A perfect method to enhance and advance your education. The motivation continues to build self-esteem and the education helps you to fulfill the dream!
3.Try Motivation and Education, the perfect combonation! Motivation and Education, are the keys for success! It's like gasoline to a car, It's like water to a flower, and It's like food to the body
4. Cut Your Expenses ASAP,put your pride to the side; it's not the time to worry about what other people will say or think about you based on your new situation and lack of revenue. Give back that stolen vehicle if you have not paid your car note in the last three months or been given an extension. You might have to downsize your home. Stop eating out every day or night. Stop spoiling the kids and show tough love; quit buying them everything.
5. Focus on Multiple Streams of Income! When one stream dries up, there should be another stream ready to open up! Some times God closes one door, because he's ready to open up a double door! A door that will close no more!
6. Finding Your Purpose And Passion, it's time to cash in on your passion! It's time to step into your greatness. If you don't use it, and if you abuse it, you just might lose it!
7. Start Your Own Business
8, It's Not Going To Be Easy, friends are going to talk about you. Your family will ask why you left that good government job. People are going to think you're crazy. Sometimes you're going to think you're crazy!
9. You Can Never Quit, Donald Trump's father told him a story about his friend, who loved soda. He had developed a new soda business. First he called it Second Up, then Third Up, then Fourth Up, then he stopped at Fifth Up, he came back for Six Up, and then he quit. Then, somebody came out the next year with Seven Up, and it BLEW UP! One man said failure is the price tag for success! You can never quit! You can never throw in the towel!
10. You Must Be Able To Comeback , you must be able to comeback bigger and better stronger than ever. The key is, can you endure to stormy weather?
TYLER PERRY (COMEBACK),
OPRAH WINFREY (COMEBACK),
T.D. JAKES (COMEBACK),
LES BROWN (COMEBACK),
MICHAEL JORDAN (COMEBACK),
BOB JOHNSON (COMEBACK),
NELSON MANDELA (COMEBACK)
11. You Must Invest In Yourself, Les Brown, (Speaker, Trainer & Author) "People invest more in entertainment than empowerment"
Robert Kiyosaki, (Author Rich Dad, Poor Dad) "There are three types of education: Academic, Professional & Financial" (The most important education is, FINANCIAL!) Invest in financial education!
12. You Must Have A Team, it takes a team to fulfill the dream! Teamwork makes the dream work! A great man wrote, individuals win games, teams win championships! It's a lonely road to the top without a team. Don't leave home without one.
Job Finding Tips
A. When going to a job fair, always get there at least one hour early, while the company is setting up, and establish a relationship with the staff before everyone gets there. Give them your resume and get their business card, office location, web-site and title. Follow up within 48 hours.
B. Create an email address with the same name as your job title.
C. Find five aggressive head-hunters (job seekers!) ASAP!
D. Query the Yellow Pages or Map Quest on line, for the job industry you are looking for and write down the names and numbers of 100 companies. Call the operator and find out the manager's name and the department, then mail your resume directly to them.
Use a red or purple envelope only with a bow and a thank you card along with your resume inside. This will get your resume noticed. If this does not work go to the company and make the delivery yourself. But, this time you must use a large yellow envelope. I have a package for John Dow, (Your Resume!) or take it to the mail room. Do not dress up, play the part! It's time to be humble.
How do you survive in a bad economy? Become the entrepreneur you were born to be! I realize that not everyone will become the entrepreneur they were born to be, but I truly believe the key to surviving in this economy is to utilize your gifts and talents, to obtain revenue streams in your own business. Multiple cash flow streams are critical in a bad economy. Allow me to share some of my experiences. Before I became an entrepreneur, I utilized my college degree in computer science to obtain several great career opportunities with major corporations, like US Air, Marriott, MCI, UNISYS (Sperry /Univac), EDS Electronic Data Systems, Perot Systems, Standard Federal Bank, Freddie Mac, Rail Inc. etc. I made a good six figure income in computers. I worked with computers for more than 20 years, designing and developing software, utilizing PCs and Mainframes.
I was laid off 3 times, mostly based on yearly budgets. That led me to do some research. I found that most companies do a budget every year from October through January meaning that one year you or I just might not be in the budget. Also, I found that after working a job for forty (40) years, only about 4 out of every 100 people can retire without depending on family, friends or the government. Meaning, that most people retire broke or below their means after forty (40) years of service. So they retire, only to go back to doing something part- time, which turns into another fulltime job until age 75. What kind of life is that?
I realized after doing my research that working a job would just pay the bills and was not the answer to financial freedom. Also, that I had no control over budget cuts. Along, with a path that was most traveled, but not successful by the age of 65. At that point, it was time to take control of my destiny. So, I walked out on a six-figure income, never to look back again.
Yes, I left Corporate America to pursue what the Lord had called and purposed me to do. I stepped out on faith and the rest is history. I always had a burning desire to run my own company. At this point I'm not trying to impress you, but to inspire you. Once again, not to impress you but to impress upon you, that you can do it too, or a lot more. Most of you are already there and much further.
When I became an entrepreneur I made a six-figure income 2 times, first with computer contracts, and second by opening a learning institute. My third entrepreneurial venture was investing and teaching real estate, where I created a seven (7) figure net worth. Ladies and gentlemen, I should have cashed out before the big bomb. But I wanted to live my life like it was golden, so I continued to invest and reinvest to take that seven (7) figure to eight (8) figures. Not trying to be greedy, but to obtain financial resources to send my kids to college, create financial freedom, and to be able to bless people who are in need.
I don't think Oprah Winfrey or Donald Trump would have cashed out either!
I invested in all kinds of real estate, single- family homes, condos, water front property, golf course community properties, etc.
I lived in almost a 7,000 square-foot gated home with a total of five cars in the garage and drive way, within a golf course country club community. With the real estate bomb it felt like I lost almost everything overnight! But, I never stop moving and shaking although my cash flow, began to get low and slow.
I continued to motivate and educate. Just with a much smaller budget. My faith in Jesus Christ pulled me through that test, along with my good friend Willie Jolley's, book; a setback is a setup for a comeback and my good friend Les Brown's book; it's not over until I win.
I always knew if you held the recipe and had the right ingredients you could get it all back and a lot more. Most of the time, double for your trouble. You learn so much from your first experience that the next time around you're so much more: wiser, skillful, and knowledgeable.
In life, you must be able to take a punch! Even if you get knock down, you must be able to get back up off the canvas of life and continue to throw punches. Sooner or later you're going to hit your target and WIN!
Well ladies and gentlemen, I'm on may way back. I've just written my third book, launched my brand new TV SHOW, and I'm working on a $10,000.000 project!
Let me share with you a few strategies, techniques, and tips on how to survive, thrive, and keep the dream alive in these economic times. Then get ready to change your life in the next 90 days!
- Realize your only one deal away from being financially free; one idea, one phone call, one email, one fax, one contract, one break , one hand shake.
2. Try Auto University, The way to obtain a free degree! You can obtain motivational and educational College knowledge, right from the comfort of your own vehicle. Get your certificate today. Utilize time spent in your vehicle wisely, by listening to motivational and educational materials. A perfect method to enhance and advance your education. The motivation continues to build self-esteem and the education helps you to fulfill the dream!
3.Try Motivation and Education, the perfect combonation! Motivation and Education, are the keys for success! It's like gasoline to a car, It's like water to a flower, and It's like food to the body
4. Cut Your Expenses ASAP,put your pride to the side; it's not the time to worry about what other people will say or think about you based on your new situation and lack of revenue. Give back that stolen vehicle if you have not paid your car note in the last three months or been given an extension. You might have to downsize your home. Stop eating out every day or night. Stop spoiling the kids and show tough love; quit buying them everything.
5. Focus on Multiple Streams of Income! When one stream dries up, there should be another stream ready to open up! Some times God closes one door, because he's ready to open up a double door! A door that will close no more!
6. Finding Your Purpose And Passion, it's time to cash in on your passion! It's time to step into your greatness. If you don't use it, and if you abuse it, you just might lose it!
7. Start Your Own Business
- A. Choose your product or service. It should line up with your purpose and passion.
- B. Develop a business name
- C. Develop a business plan
- D. Get your business registered
- E. Get a license if needed
- F. Get your EIN #
- G. Find financing
- H. Get a bank account
- I. Develop a web-site
- J. Get started today!
8, It's Not Going To Be Easy, friends are going to talk about you. Your family will ask why you left that good government job. People are going to think you're crazy. Sometimes you're going to think you're crazy!
9. You Can Never Quit, Donald Trump's father told him a story about his friend, who loved soda. He had developed a new soda business. First he called it Second Up, then Third Up, then Fourth Up, then he stopped at Fifth Up, he came back for Six Up, and then he quit. Then, somebody came out the next year with Seven Up, and it BLEW UP! One man said failure is the price tag for success! You can never quit! You can never throw in the towel!
10. You Must Be Able To Comeback , you must be able to comeback bigger and better stronger than ever. The key is, can you endure to stormy weather?
TYLER PERRY (COMEBACK),
OPRAH WINFREY (COMEBACK),
T.D. JAKES (COMEBACK),
LES BROWN (COMEBACK),
MICHAEL JORDAN (COMEBACK),
BOB JOHNSON (COMEBACK),
NELSON MANDELA (COMEBACK)
11. You Must Invest In Yourself, Les Brown, (Speaker, Trainer & Author) "People invest more in entertainment than empowerment"
Robert Kiyosaki, (Author Rich Dad, Poor Dad) "There are three types of education: Academic, Professional & Financial" (The most important education is, FINANCIAL!) Invest in financial education!
12. You Must Have A Team, it takes a team to fulfill the dream! Teamwork makes the dream work! A great man wrote, individuals win games, teams win championships! It's a lonely road to the top without a team. Don't leave home without one.
Job Finding Tips
A. When going to a job fair, always get there at least one hour early, while the company is setting up, and establish a relationship with the staff before everyone gets there. Give them your resume and get their business card, office location, web-site and title. Follow up within 48 hours.
B. Create an email address with the same name as your job title.
C. Find five aggressive head-hunters (job seekers!) ASAP!
D. Query the Yellow Pages or Map Quest on line, for the job industry you are looking for and write down the names and numbers of 100 companies. Call the operator and find out the manager's name and the department, then mail your resume directly to them.
Use a red or purple envelope only with a bow and a thank you card along with your resume inside. This will get your resume noticed. If this does not work go to the company and make the delivery yourself. But, this time you must use a large yellow envelope. I have a package for John Dow, (Your Resume!) or take it to the mail room. Do not dress up, play the part! It's time to be humble.