UNDERSTAND INFLATION & BE CLEAR OF KIND OF LIABILITIES & ASSETS.
Real income refers to the income of an individual or group after taking into consideration the effects of inflation on purchasing power. For example, if you receive a 2% salary increase over the previous year and inflation for the year is 1%, then your real income only increases by 1%.
I STARTED TO CHART DOWN ALL MY ASSETS AND LIABILITIES.
WHAT I FOUND WAS ALARMING?
I had very few expenses compared to investment portfolio and assets in hand; but my weakness was that I was not clear of how to monetize and convert them to cash. I started to put everything in perspective. I focus on my “CASH COW” and invest a lot of my energy, resources, time and money into the “CASH COW” programs that I have in-place.
NEXT WAS CATCHING THE RIGHT INCOME AND IDENTIFYING THEM – PUTTING EVERYTHING IN ITS PLACE AND ENSURE INCOME IS COMING EACH MONTH SO THAT I AM ABLE TO STAY AFLOAT EACH MONTH AFTER MONTH AND PROGRESSING.
I was totally shocked that I was actually doing well but in my mind I thought I was failing each day….scared and withdrawn – when I started to put things in writing and identifying each item and activities I was blown away. My encouragement to new comers – always put everything in writing and be visual.
This is an example of my own online business and I am expanding this online business to different sectors – children wears, hardware, electoral goods, cosmetics, agriculture and many more.
NOW I STARTING TO LOOK FOR RE-SELLERS AND ALSO PUT ALL MY PRODUCTS @ Amazon, shoppee, alibaba, lazada and many more….I am extremely excited in coming days, months and years…
There was a time I thought I have lost everything but the Good Lord – closed the door of laziness and open the door of entrepreneurial.
The next edition I WILL write about how I am going to start my SPA & Movie Zone and Ibrra Resto & Bar.
Article by” D’Parlei Marketing and Services.