I think it’s probably pretty obvious to all of us nowadays that one of the not-so-secret secrets to building wealth is being able to have as much control over the wealth building process as possible. However, due to the way that the system for investing in retirement is set up Read more…
The only way to get to know how to scale a business quickly is to make sure that you have a business that is scalable! Well, that seems to be pretty obvious, right? However, most businesses never really get to that point where they experience real scale because they’ve never Read more…
In my last post, Edit Post “Developing a Business Model for Your Business – Part I” ‹ The Financial Stoic — WordPress I outlined the importance of creating the right Business Model for your idea. In fact, I have seen decent ideas executed with great business models turn out to Read more…
Most entrepreneurs that I have worked with that had a truly good idea didn’t normally fail due to the idea. They failed due to the fact that the Business Model that they used to execute their idea was flawed and in many cases broken. In order to be successful you Read more…
In my last blog post How to Start a Business – Ideation Phase – Part II – Wealth Builders Forum I discussed the importance of creating a Problem Statement, identifying an Ideal Customer Avatar (ICA), the Lean Startup methodology, Falling in Love with the Problem, identifying our market and how Read more…
“So I think I have an idea for a business that would have a customer following and solves a problem that people genuinely have but now what I do?” I hear this multiple times a week from the individuals that I counsel. In my last post https://thefinancialstoic.com/?p=331 I laid out Read more…
Entrepreneurship is perhaps the fastest way for an individual to accelerate their wealth building pursuit. It not only offers an individual the ability to make an exponential return on the time that they expend on the activity through profit, unlike a job where it is linear pay for time directly Read more…
Earned Income is the Highest Taxed Income I’ve obviously talked about the importance of tax-deferred investing many times before in other posts https://thefinancialstoic.com/wp-admin/post.php?post=362&action=edit but it’s so important that I need to dedicate a post specifically to discuss how to take advantage of tax-deferred retirement accounts. Let’s be honest with each Read more…
How can the type of employment determine taxation? Easy. It’s what the US government wants to encourage. There’s a now legendary story of Warren Buffet as it relates to taxes. When interviewing Mr. Buffet, a reporter asked him what he thought about the US tax system and he quipped that Read more…
Most, if not all, of building wealth comes down to having the right wealth blueprint in which to do it and executing on that blueprint. Actually, let me add a bit of dramatic flair. It’s about having the right wealth building blueprint and doggedly and relentlessly executing upon that blueprint! Read more…