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It's Your Money
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TheBottomLine.........

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HardWorkIsHighlyOverated: Sometimes Our Values Are Our Worst Enemy

HardWorkIsHighlyOverated:  Sometimes Our Values Are Our Worst Enemy | TheBottomlineNow | Scoop.it

Who remembers the second person who died in the battle of Little Big Horn (for that part who was the first).  No disrespect but my point is (don't be so stupid that you run blindly into an ambush of an Indian Nation.  Uuh maybe...) that sometimes what we believe in can put us in positions where it will give others an edge to manipulate.  Sometimes the person who is telling you to work hard is just wasting time until they find a way to get an edge.  In essence they may be using your sense of commitment and honor against you.  They know that you're just stubborn enough that you will keep working until you either quit or find an answer that the person who delegated the task had no chance of finding.  The person who delegated this task may see this as Win Win genius, others may see it as disengenious (I for one).

 

In today's business climate noone needs to be trying to learn on the job.  Especially in small business.  The small businessman doesn't have the room to train a newbie or the patience to retrain an old know it all. So who do you keep?  The puppy or the old dog.  The one you keep is the one that's most commited to your strategy and you're values. that's easy.  Usually that will be the young puppy.  Why because the young puppy is open to new values and experiences.  Usually that old dog, who might work better, is slower and stuck in they're own value system. They may also need more money because of their adult obligation and those obligations will be the determining factor in their needs system.  There's nothing wrong with their values but business is not an enviorment where the values experiment should ever be in the conversation.  The only values that matter in business is the value that your product bring to your current customer solution (that will make them keep coming back) and your new customers solution (that will make them stay). 

 

When you as a business person get into trying to change the world, as a business you run the possibility who straying on course of your real focus, and that is to make money for you and the tools you need to stay in business (not just you and your past bills).

 

You will need pros and pros want their money.  If you are fortunate enough to get the pro bono services of a pro then make sure that you tactically know what you want them to do.  Don't waste their time or good faith in research or developement and look at it as a favor.  Not cool.  If you want to maintain your value as a leader, then be strong enough to lead or smart enough to follow.  Never take pros and use them as a research stem to your organizational research.  It's insulting to a person who values their value and time.  It also signals other professionals that you're either don't know what you're doing or you don't mind wasting others time.  Neither is good.  Because if you do this, unconcsiouslly you might be trying to impose your values and will upon someone else.  By doing this you run the risk of not only lowering your associates value but also your own.

 

I'm ReggieRedd and thats TheBottomline

 

 

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HardWorkIsHighlyOverated: Do You Want To Be Rich Or Just Not Broke

HardWorkIsHighlyOverated:  Do You Want To Be Rich Or Just Not Broke | TheBottomlineNow | Scoop.it

You know I have a few friends that it has occurred to me that really don't want no money.  They say they want some money but their actions don't say the same thing.  Actually their action say" I just don't want to be broke.  As a matter of fact, why don't you get rich and I'll become your consultant on how to spend your money."  Now they may fool you into believing they want some money because they are constantly telling folkes how hard they are working (be careful with this one because different people have different definitions of work.).  But the way I know that they really don't want no money is they are not willing to sacrifice whatever they feel is their comfort zone (their bills, their vices, their whatever, their job ect).

 

So to get rich you have to strive for huge risk to get huge returns.  The wealthy realize this, that's why they created a savings system to take those risk with your money from your labor (oh my bad , you weren't  aware of this).  Now there's nothing wrong with this strategy, what's wrong is that most people are not aware of this strategy.  So while many work very hard to accomplish something for themselves and their families, by them not being aware that this is a strategy they really only accumulate wealth for other to take advantage of opportunities hoping that the wealthy will be nice enough to share in the winnings (yeah right).  Folkes it don't work that way.  if the wealthy hit a lick (make money) usually the only ones who will be rewarded will be their inner circle.  But you always are welcome to put more money in their institutions while they wait on the next big thing with money from your labor( I wish I could get in a game where someone pays me for 30 years to rent my money.  The banking system, you see what I mean).  Also while you are supposedly earning interest on you money, quietly inflation, taxes and fees eat away at your principle (not good).

 

So now that you are aware, what's next?  Good question.  The answer focus and learn.  Entrprenuer be mindful of what is the most key term to an investor.  R.O.I. return of investment.  Basically how long will it take to get my money back and what will be my return.  Be mindful some wealthy people have no problem giving the financially unaware money, the financially unaware can't wait to put it back in the system.  If the investor can get his money back in a timely fashion and at a healthy return (most investor are real happy to see a 15% turnaround quartetly (every 3 months). Real happy.  Example: $10,000.00 @ R.O.I. of $1500.00 per quarter non taxible (That's $500.00.00 per month) and you handle the taxes, you are their best friend.  So be aware decide if you want to be rich or you just don't want to be broke.  Being rich will probably make you feel a whole lot better.  Remember "If you knew better you will do better."

 

I'm ReggieRedd and that's #TheBottomline

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TheBottomline: "I hear nothing............."

TheBottomline: "I hear nothing............." | TheBottomlineNow | Scoop.it

GetAtMe mondays @ilikeitlive.com at 645PM hosted by Kanisha and Al.  InternetTV4U.

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TheBottomlineNow: Here's a novel idea. Put the presidential candidates on Shark Tank on ABC (yeah)

TheBottomlineNow:  Here's a novel idea.  Put the presidential candidates on Shark Tank on ABC (yeah) | TheBottomlineNow | Scoop.it

Recently I have had the pleasure of being able to enjoy one of my favorite shows every week, Shark Tank on ABC (This show is the good good).  Every week we're cheering for true American heroes.  People who have a dream and are looking for a way to better improve themselves and their families life.  They come on stage and courageously try to pitch their ideas to 5 superheroes of finance.  It's great tv.  The American Idol of entrepeuership sortof.  From week to week we see fathers, mothers, sons, daughters, couples and whoever.  Take their idea and frame a pitch to seasoned business professional.  Some times it great for the candidate. some times its ugly but it's never boring and allways imparts valuable lessons in pitching and executing your business.  Under pressure these entrepenuers show who the diamonds are and who are the lumps of coal.

 

So I thought, "Why don't we put the presidential candidates on this great show so we can see their true thought process under pressure.  I know plenty of guys who are great at golf on the driving range but suck when they get on that 18 hole of  "the good walked ruined".  The pressure makes the difference.  Let's get these guy on the show without their speech writers, staffs, and overpaid do boys and let's see how these guys perform.

 

Now I know what you're thinking, "Redd we already do this when we have public debates, wouldn't you agree?"  No I wouldn't.  It's something about these 5 no nonsense but empathetic personalities (because they all have been that person pitching and working for faith) that in some sort of way, quickly exposes the upside and the downside to the individuals in front of them (and by the way, I think your board of director are supposed to have the same skill set these 5 professional possess, #JustSayin).

 

So President Obama and candidate Romney be brave and go in The Shark Tank.

 

That's TheBottomlineNow 

 

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The Bottomline "ItsYourMoney

The Bottomline "ItsYourMoney | TheBottomlineNow | Scoop.it

Since it's your money don't you think it would make sense to respect it a little more.  Make friends with your money (some of us spend it so quick we don't even get a chance to really get aquainted with our funds).  They're really nice and helpful guys if you just give them and yourself a chance to get to know each other.  #MakeMovesThatMatter

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TheBottomlineNow: Is It Really That Hard for You To Do Your Job Washington?

TheBottomlineNow: Is It Really That Hard for You To Do Your Job Washington? | TheBottomlineNow | Scoop.it

You know I'm beginning to began to think like maybe these politician guys can't count.  To hear them speak on this fiscal cliff, it's almost like having a bunch of kids arguing in a sandbox and when you ask them what's the problem they give you some complicated overthought answer and then look at the American public, as if they are to slow to get it.

Well Washington we get it.  You're so busy posturing  and positioning yourself for whatever ego pivot your involved in, you're forgetting who hired you and why. American's are cool bosses, usually they just want a good show. Most people really only glance at their 401K balance and really have no clue to what the banks really means when they inform you to check your amortization schedule (once more the overphrased overload strategy).

My point is this American. No one (and I mean no noone) can at the end of they day be more concerned about your financial future than you.  No politician (for real),investment broker of bank should be given that much power in your future.

Start demanding your politician to work on the little things that affect your life..  If they're going to deplete your wealth in the tax system then uphold them to the same standard that you would uphold any product that your investing in.  Don't let them distract you, talk down to you or try to overexplain their position.  Hold them accountable.  Remember they take your tax dollars to provide basic needs for you in society.  It's not their money, it's yours because you traded your labor for you're money.

So as they keep bullshitting us with this fiscal cliff mania (the new Y2K society wealth distraction).  Remind them that if America's financial future goes over that cliff, their political future will follow it over the cliff and MEAN IT on election day.

I'm ReggieRedd and that's TheBottomline.

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ThinkAboutIt

Over lunch recently a media executive repeated the accepted wisdom that “our content has value.” That often leads next to the contention that we “should be paid for it,” though I counter that “should” is never the basis of a business model.

 

Wow can it be said any better.  Should is a dangerous word.  A lot of entreprenuers make the mistake of using should in their business model as opposed to deliver.  You see to deliver is to supply to someone something they wanted or needed.  What good is it for me to give you a product or idea that wasn't at the top of your to do list.  If I do that then I risk the chance of being a distraction as opposed to being effective.  Is changing the world a function of entreprenuership?  Sometimes but not always.  Your top function in entreprenuership is top make enough money to continually fund your existance and to make your investors a profit.  Remember investors are gamblers and some don't care how they win, they just want to win.

 

For example, the subprime lending foolishness.  People "SHOULD" have enough sense not to get in over their heads in a bad loan (but they did) The people who wrote thoses loans "SHOULD" not allowed thoses customers to get those loans (but they did).  Their competitors "SHOULD" not have taken a stance that well if they don't do it I will (but they did) and other entreprenuers "SHOULD" not have seized upon the opportunities to capitalize in thoses markets (but they did) to earn money on the damage caused by this subprime foolishness (collection agencies, repo men, credit repair companies and the list goes on amd on.) I can go on forever but I guess you see my point.

 

Now if we choose "DELIVER" as opposed to "SHOULD".  Then we have taken the time to find out the customers needs and delivered them.  In a way to tell a customer what they "should" have is reall arrogant (politicians heed this message).  It's best to inform and respect their choice and at the end of the day a customers choice will be your best choice for your as a entrprenuer.

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TheBottomineNow: Organized Time = Organized Dimes (Control your time)

TheBottomineNow:  Organized Time = Organized Dimes (Control your time) | TheBottomlineNow | Scoop.it

Where you put your time is key in becoming an entreprenuer.  There's only 24 hours in a day.  I got a saying that goes, "You have 8 hours to work and 8 hours to sleep.  What you do with those 8 hours in between will determine your wealth.  If you work 8, play 8 and sleep 8, then your just going to make enough to get by.  If you work 8, then work 8 more and then sleep.  You're probably going to be tired and most likely unfulfilled.  Work 8, sleep 8, then sleep 8 more, well you get the idea.

 

Those 8 hours in between are what I call #TheThatsTheDifference8(TTTD8),  because those 8 hour will tell the story.  Some people go to school (to increase their value in the labor market) but the most efficient way is by investing wisely.

 

If you can create a situation that generates income during those 8 hours without you having to excert physical labor, then you are getting in the hot zone.  To create passive income while you are in your daily 8 hours of work and during you 8 hours TTTD8.  Then you are on your way to wealth.  To get passive income during all three 8 hour segment is jackpot.  You won't get rich till you are making money while you sleep.

 

So organize that time so you can collect those dimes that turn into dollars.

 

Thats TheBottomlineNow 

 

 

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TheBottomlineNow: I Had a Dream, the saga of Hip & Hop

TheBottomlineNow: I Had a Dream, the saga of Hip & Hop | TheBottomlineNow | Scoop.it

Dear Hip & Hop (Obama & Romney)

 

I had a dream, that I lived in a political system that made sense.  That my candidates were mature men that put the needs of the country ahead of the needs of their respective parties.  That candidates were more concerned about Americas welfare than their poll numbers.  That my candidates were strong enough and bright enough to wrestle in defense spending and bring spending in the intelligence community to some kind of normal place (come on really, Yemenese teenage pirates.  These guy didn't have enough money to buy a soccer balls, much less a stinger missle).  In my dream grown men from both parties came together with the understanding that if you overleverage the middleclass ("let them eat cake) and crush the poor (they need to work harder) you might at some point have social problems that will become such an anchor on society and our economy, that the  great system that we call America might implode.

 

So guys while you are having your WWE moments,  reacting to pundits or just going about your day bullshitting on the campaign trail.  Remember you are applying for the CEO job of the greatest economic corner of the world.  Be mindful of that.

 

Be mindful of the great people that we have in this country who are willing to go to the wall for this great country.  You have people on the right, you have people on the left but the people in the middle, they are the ones who are looking to you for a sensible solutions.  They don't want you to be a savior because they realize that the issues are huge and you are just normal men doing an incredibly complex job that deals with very complex issues. 

 

They just want you to be sincere in your conviction.  People are only small when they do not want to grow or have not been exposed to the upside of the right and most noble answer.  Americans love this position, just ask Hollywood (noble heroes are the most romantic to our culture).

 

But like I said this was all a dream, I wonder what the Kardashians are up to because I know that these guys in Washington........oh well.  Make the dream matter guys.

 

ThatsTheBottomlineNow

 

 

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The Bottomline "ItsYourMoney

The Bottomline "ItsYourMoney | TheBottomlineNow | Scoop.it

Since it's your money don't you think it would make sense to respect it a little more.  Make friends with your money (some of us spend it so quick we don't even get a chance to really get aquainted with our funds).  They're really nice and helpful guys if you just give them and yourself a chance to get to know each other.  #MakeMovesThatMatter

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