How Much Quality of Life Can One Expect? Financial freedom used to be a dream that many people aspired to, now it seems it is more of an unrealistic fantasy. Regular jobs aren’t even covering basic expenses, meaning that incurring debt is unavoidable. How much quality of life can one expect when, instead of working towards goals, they are working only to meet current financial obligations and pay off past...
There were several points over the past couple of weeks where I could have posted this up, but for one reason or another it happened to fall on today, which for many of you out there is the night before Christmas (and all through the house....). I've said before that holidays are of the utmost importance, and that there is quite literally no good reason that you should not enjoy...
Hello everyone! My name’s Shane and I’m one of David’s team members, working as a content provider for his various sites. He’s spoken about me before in previous posts, like “Cut Out The Middleman” and the first part of “The Cost of Debt.” I pitched an idea to David about doing a guest blog for today since Halloween is by far my all-time favourite holiday, and he gave me the...
The concept of the carrot and the stick is something that most people should be familiar with. The earliest recorded use of the phrase was in December 1948 in The Economist magazine. The concept is drawn from the idea of a cart driver using a carrot suspended in front of his or her horse, mule, etc. just out of reach to motivate it to constantly move towards it, while holding...
In an uncertain economy plagued by unemployment and insecurity, the idea of working for yourself can seem as appealing - and remote - as winning the lottery. How do you get started? What kind of work can you do? Is it expensive to get started? Faced with all that, the lottery starts to seem like the safer bet, even though you probably don’t know anybody who has won the lottery....
For everyone out there operating their own business, the urge is most likely very strong to operate every aspect of your business yourself. After all, as the old saying goes, "If you want something done right, you've got to do it yourself", right? Wrong. See there's another old saying you should be aware of. I honestly can't remember the exact phrasing or the source, but its message is no less clear....
You've crunched the numbers. You've fine tuned your product. Every i has been dotted, every t crossed. Every conceivable thing you can think of has been taken care of. You've planned, you've budgeted, you've built your team, your marketing is ready to go. It's time for you to put your business out there in the world for all to see. Nervous? Don't be. This is probably the hardest part of...
Burnout is one of the worst things that can happen to any small business owner. Your focus and motivation all but disappear, your desire to work goes out the window, and the thought of getting down to business can actually become a depressing one, rather than exciting, as it should be. Obviously, this is bad news, and something to be avoided. For the 9-5ers out there, it is somewhat unavoidable....
You hear about it almost every day. Another company faced with a multi-million dollar lawsuit, brought forth by a former customer or employee. Another business owner facing charges for illegal practices (more often knowingly than not). Now fortunately, as a small business, your chances of being waylaid with a gigantic seven figure lawsuit are extremely low, though the possibility of being sued should something along the way be less than...
Let me throw out a hypothetical situation at you, dear readers. You've been in business for yourself for a while. Your business, and consequently your Personal Independent Earnings, have grown to a point where operating from your home office is no longer feasible, you're pulling in enough money to begin heavily reinvesting back into your business, and you're looking to expand by moving to a dedicated office space. First of...