Independent Distributor

YOUR OWN BUSINESS VS EMPLOYMENT

Dalgrove Inc.
 25 year anniversary
 

 

TO MAIN PAGE

Have you read the Rich Dad Poor Dad bestselling trilogy by Robert T. Kiyosaki? This is a must read for anyone wishing to control their financial future and even target super riches. The books in sequence are

  1. RICH DAD POOR DAD
  2. CASHFLOW QUADRANT
  3. GUIDE TO INVESTING

Compared to a job or a self employed profession, his presentation, rationale and arguments for building your own business are compelling. We recommend that you study his material. Here are a few quotes:

  • "The rich don't work for money.....the poor and middle class work for money.....the rich have money work for them."
  • "A job is really a short-term solution to a long-term problem."
  • "The primary reason people seek job security is because that is what they are taught to seek, at home and at school.....then with debt loads, they must cling even tighter to a job, or professional security, just to pay the bills."
  • "When you work hard and become successful (in a job or career), that same success brings you less and less time.....even if it does bring you more money.....many just burn out."
  • "In moving to the business quadrant.....your goal is to own a system and have people work that system for you."
  • "Job security is a myth.....it is also risky for self-employed people in my opinion. If they get sick, injured or die, their income is directly impacted."
  • "My rich dad taught me to focus on passive income and spend my time acquiring the assets that provided passive or long-term residual income.....passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties."

For most of us the easiest way to produce passive income is through a business that produces passive income. Robert Kiyosaki outlines three types of businesses:

  1. A startup corporation - where you develop your own system
  2. Franchises - where you buy an existing system
  3. Network marketing - where you buy into and become part of the existing system

The first two are the most risky, require the most capital and skills and are therefore beyond the average person. There are huge leverage advantages for the individual within the structure of a good network marketing company. Click here to study LEVERAGE

THE PURPOSE OF YOUR OWN BUSINESS

The development of your own business represents the development of an asset (an asset is defined by Robert Kiyosaki as a vehicle that produces income). A business asset produces passive income i.e. it does not require your daily effort to produce the income. Passive income increases from the growth of your business and from increased tax sheltering of income available to business enterprises. Sheltered surplus income should be reinvested within the business structure to create other forms of investment with passive income also. In simple terms, this is the method used by the mega-rich to accumulate their assets.

 

SIMPLE GLOBAL BUSINESS

Would you like to investigate a business venture with the capability of returning $95,000 over eight months for an investment of only $3,000? And at the end of this period, significant ongoing passive income could be created. Your time commitment is minimal and you would be dealing with life-changing products and services. For more information CLICK HERE

To Top of Page

Copyright © 2003   Dalgrove Inc   All Rights Reserved