Have you invested in a 401k for a number of years only to see it cut in half in past year or so?
The idea behind a 401k is a good one. You can take part of your paycheck every month and invest it long-term in some financial vehicle that will hopefully grow and become enough money for you to live on when you retire. It’s a lot better than Social Security because it has a chance to earn money through whatever investment it is in while Social Security can’t.
The problem with a 401k, or any other investment like it, is that you have invested in paper and ideas. Like what has happened in the past year, most investments have declined and some have gone away completely. When a company goes under you don’t even get your original money back.
To balance that risk you can invest a part of your money in something that has intrinsic value, like private gold and silver. These tangible assets do go up and down in value but they aren’t likely to “go under” during our lifetimes. Unlike with stocks, if the company that issued the gold or silver fails, the investment doesn’t lose its intrinsic value because it is accepted as money all over the world.
I have found a company, YOUnique Wealth, that issues private gold and silver. They are creating a plan where regular people can make a fixed monthly investment, just like you do with your 401k, and they send you gold and / or silver. Here’s an example of how it works. You decide to invest in gold, put in $250 a month, and the gold costs $140. The first month you will get one gold medallion at $140 and the remaining $110 will be held until the next month. The second month you put in your $250, add in the $110 that was held over, so you have $360. They will send you 2 gold medallions ($280) and roll the remaining $80 over. It works the same as your current paper investments because you can only buy whole shares. If you look at your investment account you will usually see some amount of cash sitting in a money market or something.
Here are the two videos that are on that page. The first one is Bob Proctor.
BTW, I’m not a financial adviser. I like gold and silver because they have held their value a lot better than the dollar over the past several years and they have real value as opposed to the dollar, which is just paper.
Wayne Woodworth
Gold and Silver are valuable and shiny
Bob Proctor can help you get success for your business in just 6 minutes every day.
I have been subscribed to Bob Proctor’s 6 Minutes to Success for a couple months now and I look forward to it every morning. It is a daily video that is only a minute or two long in which Bob Proctor talks about a specific concept for you to think about during your day.
So far the episodes have covered a wide variety of topics, such as:
The 6 Steps to Success as described in Napoleon Hill’s Think and Grow Rich
The 7 Positive and 7 Negative emotions and how they control you.
Your mental muscles
Focus
Gratitude
Responsibility
At the time I’m writing this, Bob has just started going through the Laws of the Universe. The first one is that Energy just is. The idea is that things just are. They are neither good nor bad or any other quality that we ascribe to them. For example, $10 is just $10. If is was your paycheck for a week’s work you might think it is bad. On the other hand, if you just found it laying on the sidewalk it would be a pretty good thing. In and of itself though, it is just $10, no more and no less. It is a powerful idea because it gives you complete control over how you interpret everything you experience.
I recommend that you check out Bob Proctor’s 6 Minutes to Success. They let you try it out forfree for the first week so what do you have to lose?
Wayne Woodworth
Building my success in just 6 minutes a day with Bob
I received a key to success from Jack Canfield this week. Not just financial success, although it definitely does apply. It is a key to success in any area of your life that you are looking for more success.
You are the average of the five people that you spend the most time with.
For me, one of things that I want to do is lose some weight. Well, the people I talk to the most at work are very much overweight, not exactly the right people to help reinforce the right habits. I also want more success with my own businesses, and again, the people that I spend the most time with are complacent, happy to complain about being poor without doing anything to change it.
Looks like I need new friends. We have a tendency to pick up the habits and attitudes of the people that we spend our time with, so we need to spend time with the people that have the habits and attitudes that we want to build.
Take a look at your life. What are the areas that you are not receiving the success that you want then look at the people you spend the most time with. Do they embody the success you are looking for? Probably not. Where can you find the people that you should spend the more time with?
Another concept that this brings to mind is a mastermind group. They are a great way to surround yourself with people who are headed in the same direction as you want to go who will support and encourage you.
Leave me a comment. If you are someone who is looking to increase your success in business and/or wellness then I would love to talk with you.
Wayne Woodworth
Anyone up for a mastermind?
You probably know Jack Canfield as the co-creator of the Chicken Soup for the Soul book series. Have you read The Success Principles yet?
The value of the dollar has been decreasing over the past several years. You know that. You know why too. The government keeps pumping out more money in the form of bailouts and other programs.
Until about 30 years ago, the value of the US Dollar was tied to the value of gold. We were on a gold standard. In 1971 President Nixon abolished the gold standard which made it possible for the government to have more money printed without it being backed up by anything. You’ve got to hear Glenn Beck’s description of this and see his chart. It is amazing and somewhat disturbing.
I recommend that you convert some of your savings into something that will hold its value while all of this insanity is going on. I found a great place to get private gold and silver. Right now they are even offering a FREE GIFT just for taking a look. You have nothing to lose and everything to gain. Go ahead and check it out.
I have started listening to Bob Proctor’s Mission in Commission program, which is for people who make their income through sales. He makes a few statements on the first disk that really stood out to me.
First is a quote that he found from a Spanish distiller: “The good life is expensive. There is another way to live that doesn’t cost as much, but it isn’t any good.” I like that line. Everybody has dreams of living a certain lifestyle and most people think they will never have it. I think that’s too bad. I believe that we are here to experience all of the greatness that life has to offer and it is a shame when we limit ourselves with wrong ideas. Bob Proctor notes that salespeople are both the highest paid and the lowest paid of all professions and the difference between high and low is just your mindset.
The second statement that stood out is that “selling is something you do for a person, not to a person.” Being involved in network marketing circles online I am constantly amazed at how pushy some marketers are. They will tell you all about how great their opportunity is almost before they ask your name. Selling is about finding out about the other person. Who are they, what kind of person are they, what are their concerns and needs. Build a relationship first then only bring up your product and business opportunity if you see that you can fill a legitimate need of theirs. Most people I meet on a daily basis know nothing about me being a network marketer or the product that I sell unless I learn they have a need for it. Be a person and a friend first.
Bob then went on with the qualities that he thinks makes for a good salesperson. “It takes a pleasing personality and sincere desire to help someone else improve their quality of life.” I think we’ve pretty much covered this one. If you are friendly, not pushy, and have a genuine desire to help then you have the necessary qualities to be a great salesperson. The rest of what you need are skills that can be learned.
If you like this material then you will love Bob Proctor’s other programs. If you are interested in trying you hand at sales then I recommend network marketing because it is easy to get into and learn the skills as you go. I know of a few different opportunities that you can check out. Leave me a comment and we’ll talk.
Wayne Woodworth
Everyone is a salesperson. Most just don’t know it.
I have used a lot of programs about the Law of Attraction and other related topics from Bob Proctor, James Ray, and others and they are all very good. I highly recommend them. But the absolute best I have come across for how to use all of that information on a daily basis to actually create the life you want is Wealth Beyond Reason by Bob Doyle.
The most important thing Bob teaches in addition to the Law of Attraction itself, is how to clear the resistance that we have. I believe that you will get real benefits from this program.
Wealth Beyond Reason is all online, has a lot of content for the price, and you go through it at your own pace. Check it out.
I have been learning about gold recently. Gold has been used as money since before recorded history. In more modern times it became easier to carry paper money and less valuable coins to pay for goods and services, but the money was still backed by gold and silver. I actually have an old $1 bill that bears the words “Silver Certificate”. In 1971 President Nixon took the US off the gold standard changing American currency to fiat currency.
From Wikipedia: “Fiat money achieves value because a government accepts it in payment of taxes and says it can be used within the country as a “tender” (offering) to pay all debts.”
Translated, that means that our money has value simply because the government says it does.
The value of gold is much more stable right now than the value of the dollar, so I looked into investing in gold. I found a company that lets me buy a little bit of gold every month so that I can diversify my savings and gradually build some stable wealth. Actually, I joined the company.
You’ve heard about self-made millionaires before, right? Have you ever met one? Were they really self-made, as in they did it all by themselves?
I’ve been studying Loral Langemeier’s programs again and she puts out the idea of team-made millionaires because you cannot really become a millionaire all by yourself. In reaching that point you will run into things that you don’t know how to do or things that are better left to others so that you can stay focused on making money. You need a team to take on those tasks, such as bookkeeping or cleaning your house, so that you can stay focused on the tasks you need to be doing. Besides, you are supporting other businesses in your area by hiring out those tasks.
I see this as a big problem in network marketing. To be successful we need to treat our network marketing as a business and teach our downlines to treat it as a business too, which means creating a team to take care of things so that we can spend our time prospecting and creating new business partners and selling our products or services.
Have your heard that network marketing is a pyramid scheme?
I had a customer recently criticize network marketing as a scam. Her first point was all the pay-per-click ads she had seen on Google claiming that network marketing is a scam. If she had clicked them or even looked at the URL she would have seen that it was actually someone selling a program like Magnetic Sponsoring that teaches network marketers how to prospect online.
Her second argument gets into the old pyramid scheme idea. She sees network marketing as a scam where a bunch of people sit around doing nothing and collect a check every month from the efforts of the people beneath them. That does sound like a pyramid scheme. It is also the view some people have of any corporate structure. I want to address that now. First of all, real pyramid schemes are illegal because members make money only by signing people up. That’s it. There’s no product or any other benefit to being a member. The last people to sign up before the scheme collapses get screwed over. That’s not network marketing.
One way to look at network marketing is that it is a way for companies to outsource their sales force. Each company that the sales work is outsourced to has the right to sell the products and further outsource to other companies. This lets the network marketing company to focus its efforts on product research and development. The network marketers are effectively small sales companies that don’t have to worry about product development. They are free to focus on sales and are paid based on how much product they sell.
The great benefit for you just starting out is that your advancement in the organization is completely unlimited. In any traditional sales organization there is a structure of VP of Sales, regional managers, district managers, and so on. It has a pyramid-like structure. In order to advance you have to wait for one of the people above you to leave the organization. Network marketing doesn’t have a pyramid structure. When you join my team there is nothing to stop you from advancing beyond me. There are at least two places in my upline where the sponsored consultant outranks their sponsor. That could never happen in a corporate structure and definitely not in a pyramid.
And as for them all sitting around and collecting money from my sales efforts? That just isn’t true either. They put a lot time and effort into training and support for their many downlines.
April 15th has come and gone and tax season is over for another year. Were you happy with how much money you gave the government or would you like to decrease it? Now is the time to look at that and prepare for next year.
I don’t mind paying my taxes every year but I definitely don’t want to pay more than I have to. The best way to reduce your taxes is to be in business for yourself. If you have a regular job then you know that you pay taxes on the amount of money you make then you pay your expenses with what’s left. Did you know that businesses do it differently? They pay their expenses from the money they make then pay taxes on what’s left.
In case you didn’t get that, let’s say you are an employee who makes $3,000 each month. The government taxes you at 25%, so they take $750 and leave you $2,250 for the month out of which you make a $500 car payment. You have $1,750 left. Now let’s say you are a business that makes the same $3,000 each month. As a business, your $500 car payment is a business expense leaving you $2,500 in income. That amount is taxed at 15% (you dropped to a lower tax bracket) for $375 and leaves you $2,125 to get through the rest of the month. You have an extra $375 each month just because you are a business.
Starting a business sounds good now, doesn’t it? But what are you going to do? It has to be a legitimate business. How about network marketing? It is easy to start, has very low cost, and you can do it from home (which saves you even more money because your home office is a business expense). I can offer you two good choices of network marketing companies to look at. One in wellness and the other in greeting cards.
Wayne Woodworth
Network Marketer
Saving me a fortune.
One more thing, I am not a financial advisor. I strongly encourage you to talk to one about your situation so that you know everything you need to know for your area and what you want to accomplish.
