Month: March 2011

King Solomon’s New Proverb: You Get What You Pay For

SolomonSuccess.comFar be it from us to demonstrate the unmitigated gall to presume to update one of King Solomon’s Proverbs – oh, what the heck, we’ll go ahead and do it. The problem is not that his ideas are outdated but rather that language has changed so much, and the attention span of the average American has regressed to that of a fruit fly, that we’re afraid some of the good king’s wisdom isn’t getting through any more. Like it or not, the message has been obfuscated by language.

So here we go. King Solomon’s New and Improved Proverb #1. We call this one, “You get what you pay for.”

A Responsible Man in the Land of Irresponsibility

SolomonSuccess.comAmerica may be the land of opportunity but it has disintegrated into the land of irresponsibility as well, which wouldn’t have sat well with King Solomon or God, for that matter. Too many of us want to get rich quick while medicating ourselves into oblivion, supporting hideously bad behavior on reality television, and poisoning our one and only body with a steady diet of tasty but nutritionally dead food products that only faintly resemble anything edible.

The Four Pillars of a Micropreneur

SolomonSuccess.comThe path of a micropreneur is one with unique attributes and challenges. With a business that you operate yourself, it may seem that resources for accomplishing your goals are severely limited. However, it is quite possible to leverage business relationships so that you are able to take advantage of vast resources and knowledge. By operating your own shop, it will allow you to maximize the time spent in pursuit of your business goals and personally control the direction of your business. The fundamentals of being a micropreneur are articulated in the four pillars. These four pillars are Passion, Profits, Control and Leverage.

Three Strikes and You’re Not Out

SolomonSuccess.comOne of the most frequent objections that people pose in response to information about investment or entrepreneurship is the scars of past failures. Sometimes there is dreadful credit history, or a past rental property experience with a particularly bad tenant. In other cases, people have a fundamental belief that success is something that they do not deserve or cannot achieve. In these cases, people perceive that they have ‘strikes’ against their prospects for success.

Unemployment Predictions for 2011 Not Good News For America

a href=”https://solomonsuccess.com/wp-content/uploads/sites/12/4423185450_f8469ab77b_m1.jpg”>SolomonSuccess.comEmployment is one of the fundamental factors of economic growth that represent the most frequently used yardstick for measuring recoveries. In discussion of employment, there are two distinctly different categories of unemployment that must be understood. The first is the ‘narrow’ definition that compares the people who are unemployed and looking for work against the total labor force who is employed or looking. The alternative or ‘broad’ definition includes discouraged workers who have stopped looking for work and incorporates the number of people who are working part time, but would like to be employed full time.

Austin, Texas, 11.5% Profit Would Make Solomon Proud

SolomonSuccess.comAustin experienced a moderate value contraction after the financial collapse, but is now regressing back toward its long-term trend of modest single digit appreciation. The economic fundamentals of Austin continue to be strong as it moves into 2011. Currently, approximately 37% of listings in Austin are from foreclosures.

Floating Away the National Debt

SolomonSuccess.comOne of the things that people frequently puzzle over is how the US can ever satisfy its massive national debt. The figures frequently seem so large that they are beyond the comprehension of most people. Most analysts predict tax increases or spending decreases as a way to offset accumulated deficits in the future. Analysis of the facts shows a very different story that is likely to play out again in the future.

Zero to Success

SolomonSuccess.comMost of traditional financial literature is dedicated toward methods of investing that can be used to preserve wealth and generate returns on your investment. In most cases, these are laudable goals that command the attention of both new and veteran investors. However, there is a fundamental question that is frequently unanswered by such strategies and methods. This fundamental question is how one goes about getting the capital that is necessary to invest.

Design Your Income

SolomonSuccess.comMost of us are familiar with the notion of income and expenses, gross and net, profit and loss. These terms frequently work themselves into conversations about our financial wellbeing when we describe our income as X or our ‘take home’ as Y. However, there is a somewhat more complex understanding that makes income and expenditures take on a new dimension.