Entreprenurialism, Investing & Network Marketing
Sorry guys, Marie and I were at a 2 day conference over the last couple of days and I'll share some of what changed our lives there shortly.
But today I wanted to bring up a quick point.
Just the very day after my last post about Warren Buffett, Forbes magazine announced that Warren Buffett passed over Bill Gates as the World's Richest Man. Now that to me was significant. Now I don't mean that I caused this any way . That would be an insanely meglomanicial suggestion.
But as an entrepreneur, I have seen looking backwards through my life, confirmation of my direction in this very way.
It's my opinion that many things in life only make sense looking backwards. By continually moving forward and STEPPING into opportunity, you'll see how life puts exactly what you need in front of you EVEN if can't understand it at the time.
I won't even try to tell you how many times I've said to Marie, "Well I know this surely can't turn into anything positive," and yet months or even years later realize that that very hardship… that very struggle was essential and without it I would not be where I am now.
One of my favorite sayings is that "Every obstacle contains the seeds of an equal or greater opportunity." And maybe the Warren Buffett example wasn't the best illustration of this point…. but opportunity is always there, you just need to train yourself to see it.
But when you live your life in full, and embrace everything that comes at you as a blessing or a learning opportunity, you attract the right people, the right situations, and the right opportunities directly to you.
Have you had this experience in YOUR own life?
Let me know…
Last night I was watching CNBC – the money channel, and I happened to catch an interview with the oracle of Omaha, Warren Buffett. Now as you may know, I'm always gathering new information. And I always take notes. That's one of the reasons Marie and I have been so successful in life – both in business and outside of business.
But I digress.
I want to give you my biggest takeaway from the interview. There was a question from a man in Zimbabwe (formerly Rhodesia) about what to do about runaway inflation.
And Warren said that in times of high inflation your best investment is in your own personal talent or skill. In other words, he said forget about inflation and work on developing your own abilities, whether that be communication, business, etc. He said that when you are trying to store wealth, then you'll have a problem with the currency.
Now it's been quite clear to me for some time that inflation is a bit higher than the "posted" rates. And as the USD falls, expect the inflation to continue to expand. Now that main thing to realize about inflation is that if you put money under your mattress, you lose money every year. And if your investments merely keep up with inflation, you are still losing money every year.
But according to Warren Buffett, the biggest way to combat inflation is to build your own business. Invest in yourself. Invest in new knowledge. Invest in your own personal development.
And that is why as the US is entering a recession (according to Buffett and myself), you should start looking at how you can increase your earning power from additional income streams. Let's face it. If you study successful people, they focus on continually developing their marketing and business skills. And they know if the business climate changes completely, they'll be able to adapt and earn even more. And in fact, these very people can see it as an opportunity.
And I want you to develop your skills to the point where you can believe that about yourself.
And that's why you need to stay tuned into this blog…
By the way, we will be releasing a preview edition of our brand new network marketing product soon. Post your comments if you want to be considered for a review copy.