1. There must be more to life than this
2. Should you help your kids by
putting them into business?
----
There must be more to life than this
----
He and his friend were walking along beach in Barbados,
with feet in the water, going from the friend's
hotel to his. The sun was glistening on the
sea, the bushes were flowering.
It was absolutely idyllic.
John turned to his friend and said: "You
know, Michael, there must be more to
life than this."
Okay, this is a JOKE. He was making a
joke.
I've been thinking about lifestyle quite a
lot recently.
We decided we are going to spend a month in
Paris in an apartment later this year.
We spent a month on the beach in January
and I love these getaways.
For many years I couldn't even dream of
a vacation because I owed $70 grand and
had nothing but problems with suits and
IRS issues.
What I crave now is not the most money
but passive income.
What my buddy calls "laying on the beach
money."
The best source I've found is the finder's
fee business. Where people send you a
deal and all you do is:
1. Fill in a form
2. Have someone else do all the work
and pay you.
I have that even though I own the
company. I have a business partner
and a whole team that do the leg
work.
For instance, we have a team that
we work with and they raise money
from private investors (there are
always too many investors and not
enough fundable deals) and I have
someone who has a full time job
of getting paperwork in from
borrowers.
Passive income lets me spend a
month at the beach.
It will be paying for my month
in Paris.
It can pay you too. But you have
to go and watch this video which
is coming down as we close this
out.
This video shows three streams of
income all passive income that
work for you by simply filling
in a form.
They all relate to the money business
so you can be a money funder and
just find the deal and let my team
do *all* the work.
Perhaps I'll see you in Paris.
Find out more by watching this
video that is going to be taken
down
----------------------
Should you help your kids by putting
them into business?
----------------------
Yesterday I wrote you about a dad who
is one of our students and his question.
It's a question of whether the dad
should put his son to work to help
launch a career.
I got a ton of responses. Thank you
for your response if you answered.
I've tried to hire my kids several
times.
My daughter has worked for me off
and on for a number of years and
she did a good job delivering.
However she didn't always treat this as
a serious job either. Not the way
she treats her other employers.
Her work was fantastic though and
I'd hire her again if I could.
My son is a different story. He is
just now growing up even though
he's in his early twenties. He
does amazing things with computers
but with me he hasn't proven
reliable.
I would love to be able to help
kids get to work. I tried to have
my daughter work for me so she'd
have a better career path than most
English majors have.
I believe college doesn't do anything
for kids today in most situations.
That's why you see so many internships.
Because kids need to do unpaid work
in order to become valuable enough
for someone to actually pay.
That's a shame. And I can see why
as a parent in a certain situation
you want to help your kids by
giving them something they can run
with.
That said -- family is especially
hard to work with and the chances of
this succeeding in many cases are quite
low.
So here are some more responses.
No comments:
Post a Comment