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Finance

Money Mindset That Is Holding You From Starting A Business

Inversk Review

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Never be deceived that business is just started without capital. Practically a business needs finance and that is why capital is always a necessity. However, this can never be a stumbling block to starting your business. What you need most is that business idea and the execution follows afterwards.

The plan you have in your mind can turn into a multi-million business. This happens the moment you are aggressive and ready to conquer the impossibilities in life. All the successful businesses thriving today started with humble beginnings. I have never heard of a business mogul who said that his business started today and was trading with an ISO the day after. Patience has been a key attribute to success.

Having a brilliant idea you will never lack an investor. The business men you see living lavishly tend to seek for ideas that will make their businesses grow. The moment you will unchain your mind from the concept of having enough money to start business that will be the beginning of your success.

The youths are the best people in targeting the entrepreneurial sector; this is because the future belongs to them. Money will never be enough to mankind. This concept needs to sink in you and sprout out the idea that you need to start with what you have. Money may be a necessity in starting the business but the first can in business is through marketing your idea to the potential buyers. That idea you feel can generate profit can be turned to be the next ‘amazon’ or ‘apple’ business on the world. If you ask Donald Trump how he built his brand in the market, he will tell you the small dollars he was offered by his dad then he dived into business.

That’s the way to go in the cooperate world. Use what you have at had to make sure you achieve what you want in life. Failure is the fear of many business oriented minds. Just you know, failure is a positive factor in business. The concepts of failing as much as you are in business one has to ready to embrace it. Failure in business means that you are heading somewhere and there are things that need to be addressed. It shows you the way to go needs to be the other way and not the way you are used to be doing things.

Nobody prepares to fail but we must know how to tackle it. The more we fail and start again the more we move closer to our goals. This not only applies to business alone but also in real life. Never be discouraged by failure take it as a challenge and handle it head on. It will be there but remember it is not there to stay. It is part of success. The CEO of Optiven Group Mr George Wachiuri in a past interview with Inversk magazine attributed his success to how many times he had failed.

Most of the people who want to be millionaires have the fear of failing. They have never look at the other positive side of failure. Money can never be the stumbling block to deny you the chance of being the next Bill Gates.  Market your idea since it is the only money you have in mind. I happened to participate in a World Bank blog and the person who won it was a gentleman namely Jeremy Riro who had a brilliant. Just from humble beginnings he was rising with the idea of Agribusiness to be inculcated in our youths today in Africa. If Riro let the opportunity slip saying he had no money word bank would never have his idea.

His idea is yet to be executed and the employment is going to be created to many jobless youths. Marketing our idea with a will always remains an effective way rather than waiting for that day we will have money to execute the plan. That idea you have kept for long awake it and continue with the adventure of making it a better business idea. If you don’t have any well you have not yet started living because the moment you start dreaming is the day you started living.    

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Personal Finance

The Power of Having a Financial Vision.

Kevins Jerameel

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Vision is the incubator of greatness so they do say. Vision is the genesis if tremendous growth and freedom. Success begins with a vision. A vision is a picture of a preferred destination. A vision is a mental image of possibility that flashes within your mind. To succeed in any field in life, you need a vision. Financial freedom begins with having a financial vision.

Sam Walton opines that capital is not scarce, but vision is. Money is simply a byproduct of vision. Vision is the most important asset. Build and develop your vision. Allow your vision to grow within you. Nurture your vision until greatness is fully incubated within you.

The world desperately needs your vision because your vision is a solution to a problem facing the world. Vision is valuable. Vision is power. Vision brings transformation. A financial vision is not just about having money, it is having a clear investment vehicle that will generate the finances you need.

The vision speaks of the person you become. The person you become will determine the wealth you create. Who you are determines your worth. Vision must be incubated and nurtured within the faculty of the mind until it matures and it is finally birthed out.

Whatever the mind conceives, it can achieve. Within the womb of the mind lies rich dreams that can change not only your life but future generations. When the mind is pregnant with the vision of change and greatness, nothing is impossible. Believe in your mental vision and surprise your world………. all wealth is within your mind! People that have created wealth made it through investing in their vision.

What you see is what you become. Every successful high achiever envisioned himself moving to higher levels even when before success manifested in the natural. People move to great levels of wealth because they are propelled by a vision that pulls them higher and inspires them to act in order to achieve the freedom they desire.

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Personal Finance

The Power of Financial Knowledge

Kevins Jerameel

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One scholar once said knowledge is power, another scholar dismissed this assertion. To the latter, his school of thought had it that only applied knowledge is power. Over the years I have come to understand that ignorance is expensive. Knowledge is the key to both making money and managing it.

Capsules of knowledge are hidden in financial lessons. Applying the lessons learnt is the only proof that you have mastered your trade and it is your bridge to accessing uncommon levels of greatness in life.

Financial knowledge is the reason someone can rise from poverty to wealth. It is the reason someone can bounce back from bankruptcy to a millionaire.

Money can end but the ability to produce wealth still exists. The money may not be there but the bank of knowledge can never go bankrupt, the person still has the ability to create wealth. The real wealth is the knowledge you have not the money in the account. Those who forget to invest in knowledge soon loose their money and will to make money again.

What you know is more important than what you have. What you have is a by product of using and applying what you know. Money will not respect you if you don’t have the knowledge to keep it and multiply it. You need a rich mind loaded with rich knowledge in order to be wealthy and successful in life.Jim Rohn observed,  ‘formal education will make you a living, self education will make you a fortune.’

If you are going to live beyond just making a living, invest in self education. Invest in empowering your brain for wealth creation. As one Joseph Obwanda opines investment on the head always pays the best interest. Your financial literacy will determine the money you command. Benjamin Franklin observed, an investment in knowledge pays the best interest.

An uninformed man is a deformed man. Information will increase your intelligence. Information is a valuable currency and asset in the current world that we are living in. Successful people value and invest in information. The wise act out of an informed perspective.

Invest in yourself by acquiring skills, attending seminars and talking with successful persons. Knowledge is the only currency that does not diminish in value. Financial ignorance can cause one to live a life of oblivion. Do pursue new investment opportunities and constantly learn new skills on money management and investing. Your knowledge is your greatest source if financial freedom.

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Investing

The Power of Investing

Kevins Jerameel

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What is investing? Investing is a process through which you make your money work or to grow or appreciate for a long-term financial goal. One author of business books observed, “Rich people see every dollar as a seed that can be planted to earn a hundred more dollars which then can be replanted to earn a thousand more dollars. Investing is a process: it is a journey.

Life is all about investing. There can never be financial freedom without the power of investing. Investing is the ability to multiply your capital assets. It is to spend money with the expectation of achieving a profit or a material result by using other financial vehicles like commercial ventures, property or shares.

Investors are smart. If there is a time when there are unique financial opportunites that time is now. Smart people use asset finance to advance their lives and business forward. When your money is put in motion through business and investing, you create an opportunity to making more money. Money has more value when it is working for you. Save with an intention to invest for it has the greatest return.

When you have a big mind, you will invest your money by putting it into motion. Learn the secret of sending out your money to the world and ensuring that it comes back with a multiplying effect.

The reality of the matter is that money reproduces itself more quickly as you are willing to assume more risk. The higher the risk, the higher the return. Robert Kiyosaki, author of Rich dad, Poor dad, observed, “Often, the more money you make the more money you spend. That is why money does not make you rich but assets will make you rich. “Cash in the bank is nothing, you must invest in assets. An investor is focused on increasing his asset base. A person who is risk averse is conscious of increasing only his savings.

Investors have a different mindset they have a high appetite for asset acquisition than for having money alone. They do understand verily that the more they acquire assets; the assets will work for them and generate more money than they would ever need. Invest heavily in asset acquisition in order to secure your financial future.

When making an investment, ask yourself these questions;

  1. Will I get my money back? {risk}
  2. How quickly will I get it back? {Velocity]
  3. What is the expected yield or return on my money? {reward}

Based on this criteria and evaluation, you can make an informed investment decision. There are two important rules for investing. These rules are so simple that people fail.

Rule no.1: Never Lose Money.

Rule no.2: Refer to Rule Number 1

Pulling away money for investing is very important if you are going to achieve financial freedom. What is investment? Investment money is: money reproducing itself, money coming to you not away from you. Money coming from other people. Money working for you.

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