To further help you analyze income opportunities, use a process that my 5 Day Weekend collaborator Garrett Gunderson employs. It’s called the Idea Optimizer The Idea Optimizer is a complete business system in and of itself that’s designed to: 1) capture an idea, 2) define the process required to create value in the marketplace throughRead more
The sharing economy, also referred to as collaborative consumption, refers to people sharing access to goods and services, and coordinating the sharing via community-based online services. In this new model, people rent beds, cars, boats and other assets directly from each other instead of owning things themselves or purchasing them from traditional retailers and serviceRead more
In my last posts I looked at some of the many, many ways in which you can leverage new technological tools to start something with nothing but a little time and effort. Here are a few more ideas for you to explore: Coaching You’re probably familiar with business/professional coaching and personal/life coaching. But you canRead more
In today’s information age, you have never had greater opportunities to start a business with very little or even no up-front cash. There are literally limitless ways you can leverage new technological tools to start something with nothing but a little time and effort. Here are just a few ideas for you to explore: PersonalRead more
Most people think they need investment capital to start a business. The reality is that there are three types of capital, and financial capital is the least important. Mental Capital Mental capital allows you to create value for others and can simply be defined as what you know. This could include your skill sets, education,Read more
Kaizen is a Japanese word referring to the process of continuous improvement. The idea of kaizen is that big results come from many small changes accumulated over time. My challenge to you is to increase your income by 5% each month. This becomes a 79.6% increase in income at the end of your first year.Read more
To really understand money, and to make it your servant, you need to change the money code. Money should be your obedient, diligent servant, not your master. Money must work for you, rather than you working for money. What you need to do is to change the polarity of how you relate to money. YouRead more
The purpose of the first phase of the Wealth Matrix is to get your financial house in order—to establish a solid foundation from which you can safely create more income and invest. Below are the milestones that my 5 Day Weekend collaborator Garrett Gunderson and I recommend that you achieve before moving on to theRead more
In my last posts, I spoke about creating a Wealth Capture Account, as part of the Rockefeller Formula, to make saving money something that was automatic for you, so that you grew wealth without having to think about it. Here, I look at creating an account for your non-essential spending. Account #2: Living Wealthy Account Read more
In my last posts, I introduced the concept of the Rockefeller Formula, which allows you to live a wealthy life by automatically transferring a percentage of your income into a wealth account. Here I’ll explore the first of these accounts, along with the percentages that should be allocated to it. I have to let youRead more
