Financial Independance-Myth or Reality

I have often wondered if the goal of financial independance is actually achievable by the masses in today's day and age. I think that most of us assume we will have it but very few of us are actually do the things that are required for us to reach it. I think that our quest for instant gratification here in North America is hurting our long term chances of ever achieving such a long term goal.

I like to define financial independance as being able to achieve our desired lifestyle without having to work or worry about money. In my humble opinion the best way to do this is to create passive residual income. Such as either earning interest from investment capital or having an income stream that pays you for past work performance.

Being low on capital myself I am relying on the various income streams one of which happens to be Bitron. I think Bitron is an excellent way for someone to gain an addition long term residual income stream to suppliment their long term plan. It offers the great combination of passive residual income, selling into a trend of high energy prices and tax incentives for its distributors.

Like any solid financial plan I think Bitron is only one small part of a solid diversification strategy. You should never put all of your eggs in one basket or all of your money in one financial vehicle. In our world of quick fixes and band aids, I like to think of Bitron as a get rich slow scheme but a strong addition to a long term success plan.

These are my two cents,

Cheers,

CB

Decide how to react

It is not what happens to you that counts. It is how you react to what happens to you, especially when you have unexpected problems of any kind.

Whatever challenges you face, focus on the future rather than on the past. Instead of worrying about who did what and who is to blame, focus on where you want to be and what you want to do. Get a clear mental image of your ideal successful future, and then take whatever action you can to begin moving in that direction. Get your mind, your thoughts, and your mental images on the future.

Dr. Norman Vincent Peale, a major proponent of positive thinking, once said, “Whenever God wants to give us a gift, he wraps it up in a problem.” The bigger the gift you have coming, the bigger the problem you will receive. But the wonderful thing is that if you look for the gift, you will always find it.

Assume that whatever situation you are facing at the moment is exactly the right situation you need to ultimately be successful. This situation has been sent to you to help you learn something, to help you become better, to help you expand and grow.

Brian Tracy-Building your own Business

The high road to becoming a self-made millionaire in America is starting and building your own business. But this is not as easy as it sounds. Most businesses started by inexperienced people fail. Probably the primary reason why people don't start businesses is because they're afraid that they're going to lose their money and for good reason. 99 percent of businesses started by people lacking business experience fail within the first two or three years.

Why Business Fail And why is that?

It's because they don't know how. They haven't the slightest idea how to make a business successful. They may have an idea for a product or service, but they don't know all the things that they need to know to run a successful business.

Why Businesses Succeed However, surprisingly enough, 80 percent of businesses started by experienced businesspeople succeed.

Now why should this be so?
The reason is because experienced businesspeople know what to do. They know how to purchase their products and their services. They know how to negotiate with their suppliers. They know how to raise money. They know how to negotiate leases. They know how to sell and to market. They know how to manage their finances. In other words, experience is the key. In order to start your own business and succeed, you have to learn how.
Competence Makes The Difference Now according to Dunn and Bradstreet, 96 percent of businesses in America that fail, fail because of what is called "managerial incompetence". Managerial incompetence means that the people running the businesses don't know what they're doing. And here are the two critical areas of managerial incompetence that cause business failure. First is sales and marketing. 48 percent of businesses that fail in America fail because the business cannot sell enough of its products or services. Very few businesses fail when they have high levels of sales and revenues coming in.

Control Your Costs The second reason that businesses fail, 46 percent, is because of poor cost control. They may be selling enough on the front end, but they're losing so much on the back end that they go broke anyway. Sales and marketing, financing and cost control, both require experience. And if you're serious about becoming financially independent, you have to learn how to do both of these. Put Luck On Your Side You must learn the skills you need to be successful. Business success is not a matter of luck. Business success is a matter of application. It's a matter of ability. It's a matter of experience and skill and intelligence, and wonderfully enough, you can learn what you need to know to be successful. And you can start by learning through on-the-job training, which is called OJT.

Most successful businesspeople become successful because they get all their training by working for someone else.

Action Exercises
Here are two things you can do immediately to make sure that your business succeeds greatly:

First, take the time to get the knowledge and experience you need in business by working for someone else where you can learn a lot in a short period of time. Go to work in an area in which you are interested and learn everything you possibly can.

Second, read and study in business, especially entrepreneurial business, all the time. Read one or two business books per week and read every business magazine that is published on your subject. Never stop learning and growing.

Bitron and Me

Well I have recently gotten involved with Bitron here in Vancouver and I must say I am very happy with the products and the people. I have looked at all aspects of it and I have found it to be a win win situation. I am working with great like minded business people and I have a product that saves me money in my car.

I am not one to buy into the hype of how much money can be made and yadda yadda yadda. I see this as a diversification strategy with long term income potential to be a suppliment to what I am already doing.

I would welcome feedback as to what reasons other people have used when adding a new strategy to their lives or more importantly a new income stream.

Cheers,
CB