Build a Business – Part 2: What are my passions and skills?
At this point we know what our destination looks like. But how do we get there? For me, I don’t want to be in a normal 9 to 5 job. I don’t want to be working for anyone but myself. So, that means creating my own business. Something that will only take about four hours a day to upkeep and that can be done from anywhere in the world. What are you passionate about? What is it that excites you the most? Do you like to do art, write, play video games? If you are starting your very first business, or

A First Look at LLC’s
I am not a lawyer or a CPA. I am not qualified to give legal advice. As such, the following, or anything else on this site should not be taken as legal advice. If you aren’t consulting a qualified CPA and lawyer, you are putting yourself and your business at risk. There is a ton of information out there for LLC’s. Way too much for a single blog post. There are books, referenced at the bottom of this post, that will do a much better job of describing LLC’s and what you need to do with them, than I can. So this post will go over the highlights and link through to resources on the web that go into more detail. Once you have your Articles of

Build a Business – Part 1: Determine Your Destination
The first step is to determine what your destination is. I think the best analogy I have ever heard about the importance of the destination is the one about Tiger Woods. He is the one of the best golfers in the world. I am one of the worst. On an equal playing field where we can both see the hole and the flag, he will beat me every single time. But if you blindfold him, so that he can’t see the hole or the flag, then I will beat him every single time. If you can’t see your destination, or don’t know which way to go, you can’t get there. So the first thing you need to know is what your destination i

Build a Business – Part 1: Determine Your Destination
The first step is to determine what your destination is. I think the best analogy I have ever heard about the importance of the destination is the one about Tiger Woods. He is the one of the best golfers in the world. I am one of the worst. On an equal playing field where we can both see the hole and the flag, he will beat me every single time. But if you blindfold him, so that he can’t see the hole or the flag, then I will beat him every single time. If you can’t see your destination, or don’t know which way to go, you can’t get there. So the first thing you need to know is what your destination i

Capital Assets as Cash Flow
Earlier we went over capital assets and what they look like if you are using them for capital gains. In this post we will examine what capital assets look like when they are producing cash flow. Buckminster Fuller, later borrowed by Robert T Kiyosaki, define wealth like this: “Wealth is a person’s ability to survive so many number of days forward… or if I stopped working today, how long could I survive?” Wealth is the amount of positive cash flow you have outside of your job. So, why this definition of wealth? Because it is measurable. You can determine how close you are to your