An Epic Struggle - The Fight to be President of the United States…..

I don’t know about you but win, lose or draw, the fight to become president waged by Barack Obama is an epic. What it is demonstrating to me is what it takes to create greatness in your life and what you have to do to achieve greatness. I have followed and supported Barack’s campaign from the beginning and watched him move past almost every obstacle. When evil forces insinuated that he was a Muslim spy (ok hyperbole), he walked calmly through and fought the rumors. When they tried to link him to Saddam, he fought thru that. When Mrs Clinton and others insinuated that he is to inexperienced to be president he is walking through that. It’s amazing to see this fan fight thru all of these obstacles to get what he wants.

Well, what this is doing for me is demonstrating what it takes to achieve greatness. This man is grinding, taking every arrow, raising money, fielding an organization in every state, speaking daily, trying to deal with the media, the republicans, the conservatives, the women, the skeptical black people, my good.

So here is my point, my hat’s off to Barack Obama, my hats off for having the heart for President, for setting the bar high for brothers, for being a good dad and husband and an inspiration to me.

In my life I’m striving to achieve greatness and the arrows and obstacles are coming, I need to do like Barack “keep on pushing” towards my goal.

Dedicated to your success

How to Create a Wealth Ethic in Your Kids

A month or so ago, my good friend David made this post - What At Six Years Old - The Basics Of The Internet

The post is about how he has started teaching his six year old daughter about how to create and (as importantly) monetize her website. His daughter has spent her time watching her Daddy use the Internet and his six year old daughter has figured out tht Daddy makes money on the Internet. She wants in (@ six)

So he is teaching his daughter about the Internet, how to create a website and how to make money. Even if her site doesn’t make a dime think about the message. Already David is teaching his daughter the value of creating an asset that creates automatic income and as importantly he is teaching his daughter about the value of taking care of herself.

What a great advantage. David’s daughter will have over other children. Just imagine she grows up with the attitude that she has to create her own wealth, that she doesn’t have to depend on anyone, not the government, not an employer, she grows up believing from the time she was 6 that she can create her own income, her own automatic income and future wealth. What a gift to give to you child. What an unbelievable start she will have.

Kudos to David and his daughter and much success. So, here is the question, What are you teaching your children? Are you teaching them about assets and wealth or are you passing on the attitude of dependence. Are you learning more about how to invest and create business and your children are learning with you? Are you giving them the gift of freedom, the gift of financial independence? If not start her, every week I try to write about financial success, wealth creation and business creation. Subscribe to this blog and start you and your family on the road to financial success.

What are assets?

Another confusing financial term, assets. Actually assets are the building blocks of wealth. Remember, we decided to define wealth as the length of time we can maintain our lifestyle without generating income. (btw, this is not my definition, this definition came from a very famous thinker and entrepreneur Buckminster Fuller. According to Buckminster Fuller, regaining time defines wealth. I agree because you can’t buy time).

So, how do you maintain your lifestyle without having to generate income. How do you buy back your time. Well one way is to create and invest in assets that produce cash. The idea is to work once to buy or create an asset and then use the cashflow to buy your time back, effectively creating wealth.

Think bout this idea. You buy or create an asset once, and it provides you income forever. Thats how you create wealth.

Next post - How to buy assets