The Person With The Most Money Wins!

Comments (19)


The Person With The Most Money Wins!

By: John Michael

The person with the most money wins! This phrase has been used repeatedly but not by the wealthy but by the poor "The have not's".

Money is not the only or even the most important thing in life.

You number one goals should be when it comes to life is:

  1. Good health
  2. Take care of Family
  3. Ability to enjoy life
  4. Happiness both for yourself and others around you

The above should be at the top of the list of any goal you have. However, wealth does make substantial improvements to each of the four areas of life listed above.

More money can mean better:

  • Health Care
  • Relaxing Vacations and Adventures
  • Education for your children or yourself
  • Better home than you have now

Best of all it can reduce stress from not having to worry about money!

Many of us have problems in life that additional cash will help solve the situation. Did you know that 80% of problems in life could be simply resolved with additional cash.

Your first step to becoming financially secure is getting involved in real estate as an investor. Now you must take the next step "Stop chasing money".

John Michael, the founder of Stealth Educational Services has a vary simple but phrase he loves to use

Money has twelve legs and you have two - It will always out run you when you chase it.

Fundamentally, there are two areas to focus on to build wealth and generate cash.

  1. You must develop skills and strategies to reduce your expenses along with maximizing your life style.
  2. You must develop skills and strategies of generating additional revenues.

You will need to learn how to use:


OPM - Other Peoples Money


OPT - Other Peoples Time

We all have life expenses such as:

  • Food - Meals
  • Auto Insurance
  • Auto gas and oil
  • Rent or Mortgage payments
  • Along with other purchases

You easily spend $2,000, $5,000, $10,000, or even more every year on these expenses.

Did you know that for every dollar that you make tax deductible you can receive approximately 15¢ to even 50¢ back from the government and yes it all depends upon your tax bracket and tax rate. The easiest and fastest way to get tax breaks you will need is to simply start a small business.

As a real estate investor, you have a small business!

This should be your goal for your financial strategy as a real estate investor over the next 12 months:

  • $50,000 to $100,000 income from real estate investing
  • Cut your tax bill in half
  • Reduce your auto insurance by 1/3
  • Save $1,000's on your next purchase of a car
  • Reduce your food cost by 10%
  • Decrease your health cost up to 20%
  • Open your KEOG retirement plan
  • Improve your credit
  • Protect and shield your assets

Just to name a few.

You may have to work full time and do real estate investing part-time for several months until you get the ball rolling. You will need multiple sources of income to become successful as you grow and start your carrier as a real estate investor.

Let me give you another set of goals that you should shoot for as well:

  • Build wealth in real estate
  • Develop multiple sources of income and residual income
  • Make money while you sleep
  • Develop a profitable real estate investing business
  • Earn at least 15% on your investments
  • Use your real estate investing business for tax deductions
  • Use compounding of money and time to build wealth slowly
  • Become worth more to an employer until you are able to fire them

Stop chasing money, it is not how much money you "earn", it is what you "learn" to do with the money that matters.

You must have a good plan for building wealth!

More wealth and cash can make life more exciting, dynamic, and fun.

"Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game." By Johann Wolfgang von Goethe

About The Author

John Michael is the author of "Getting Started In Real Estate Investing" In addition, you can review his book at: http://jmichaelrei.com.

John@jmichaelrei.com

Comments

gomanyes 07.11.2011. 19:30

What is the point of having elections for president? Why not just see who has the biggest campaign budget and declare them the winner? The person with the most money always wins anyway. That way we save the trouble of having the election.

gomanyes

mysticmoonprincess01 14.09.2007. 06:41

I have 2 days left to raise money for our church. have done bake sales, lunch plates.Any ideas for big money? At our church we have a celebration called the Fiestas Patrias. Girls from our church come forward to run for queen. It is a competition . Whomever raises the most money wins. We have a competitor and her group who have been vicious( too long a story). I have done bake sales, car washes, tamales, plate luncheons, which bring in the most money. Any new ideas to bring in around $500.00 We only have 2 days left....

mysticmoonprincess01

Admin 14.09.2007. 06:41

Have your group volunteer their time to do chores for people. The person would buy your services for x amount of hours for say $10 per hour. In return, you and your friends would do things like wash windows, mow the lawn, shop for groceries, etc. This really hits the spot with the older folks in the church cause they can't do a lot of the stuff for themselves and are often neglected by their own kids/grandkids.

You could get on the phone and call all the church members, explain what you're doing and see if anyone wants to buy your time. Most churches have a directory with all the members phone numbers. If not, your church office can probably help.

Good luck!

Admin

Cogito ergo sum libertarian 04.04.2011. 00:42

Why is it illegal to bribe someone to vote for your prefered candidate in an election? This is probably a stupid question, but I don't see much wrong with paying someone to vote for the person you want?

It's not like the briberee is being forced to vote for someone. It also sounds like a good way to make big money. Win-win situation, right?

Cogito ergo sum libertarian

Admin 04.04.2011. 00:42

because then the rich could literally buy elections. They wouldn't even need to have a single good idea...heck they could be proud KKK member kiddie predators who hate America....but if they had enough money...they could be your senator.

Admin

jimboradley 15.09.2006. 15:47

How can Americans bring the government back into their own hands? It seems to me that more and more, government is being controlled by those with money. Big corporations have the money to hire lobbyists to push legislation through congress that favors them. It also seems like only a person with money can hope to win office on the national level. What can Americans do to bring the governing power back into the hands of the common people?

jimboradley

Admin 15.09.2006. 15:47

Never vote for a North-Eastern elite Democrat. The Kennedys, Clintons and John Kerrys do not deserve more power.

Admin

Oyeloca Oyeloca 08.05.2010. 09:03

Intelligent people can earn money by gambling? ¿Intelligent people can earn money by gambling?
Very often I hear that those who gamble lose their money, they are addicts, and they will lose everything. But I wonder: does IQ have any say in this? Could a very bright person win money by gambling at the casino, or sporting competitions?

Oyeloca Oyeloca

Admin 08.05.2010. 09:03

I'll argue that yes an intelligent person can make money gambling. Someone with a high IQ and strong poker playing abilities can make money playing poker if they choose. This person needs a strong background in mathematics to be able to calculate pot odds instantly as well as the ability to read other people and mask their own emotions.

Highly intelligent people can make money gambling on certain games. They won't be playing the lottery, roulette or any other game where the house odds are stacked against them. They will be earning money at the poker table, card counting in blackjack or researching sports bets.

However someone with this IQ probably could make just as much money if not more in another job.

Admin

Amanda S 20.01.2010. 02:03

Who raised more money for the Senate campaign in MA - Brown or Coakley? I can't find it ANYWHERE if Brown raised more money, but I see his signs EVERYWHERE and NONE for Coakley.. makes me wonder if it is just another case of the person with the most money wins.

Amanda S

Admin 20.01.2010. 02:03

Brown raised more money, not that it mattered. Coakley was never in the race until it was too late.

Admin

Oyeloca Oyeloca 08.05.2010. 09:05

Intelligent people can earn money by gambling? Very often I hear that those who gamble lose their money, they are addicts, and they will lose everything. But I wonder: does IQ have any say in this? Could a very bright person win money by gambling at the casino, or sporting competitions?

Oyeloca Oyeloca

Admin 08.05.2010. 09:05

Gambling is about luck.

It's better to not start playing at all rather than get addicted.

I don't think IQ has anything to do with it.
A smart person, and intelligent person wouldn't start in the first place.

Admin

Oyeloca Oyeloca 08.05.2010. 09:04

Intelligent people can earn money by gambling? Very often I hear that those who gamble lose their money, they are addicts, and they will lose everything. But I wonder: does IQ have any say in this? Could a very bright person win money by gambling at the casino, or sporting competitions?

Oyeloca Oyeloca

Admin 08.05.2010. 09:04

Bright people can learn systems and other methods of increasing their chances of winning in such occasions but truly smart people tend to save money by not gambling there is no 'foolproof' way of beating the odds without cheating that's why its called gambling. (If someone in the authorized gambling systems finds you cheating you will get in a very very large amount of trouble).

Admin

Emilee. 01.02.2011. 03:29

How much money goes to the government that is won off of game shows/lottery? My friend told me that half of the money you win off of a game show or lottery goes to the government. Like, if you won a million dollars on a game show, you only get $500,000 and the government receives that other half.

Is this true? Does the governement get a different percentage other than 50%, or do they not get any at all?

Emilee.

Admin 01.02.2011. 03:29

The highest Federal tax bracket is 35%, which is where a $1 million win would put you.

State income tax can vary. Here in Nevada, there is no state or local income tax, but in Ohio, for example, a person who made $1 million in one year would pay 7.5% income tax.

So in Nevada, you would may a total of 35% in taxes, or $350,000, but in Ohio, you would pay 42.5%, or $425,000 in taxes (plus local taxes, which are small in comparison to State and Federal taxes).

Not quite 50%, but a very large chunk of your winnings indeed.

Admin

KJ 20.10.2011. 21:28

can Romney beat team Obama backed by the Media and his Billion dollar campaign? with Election, the Person who raises the most Money wins the Election 95% of the time. can Romney Raise more money that Obama?

KJ

Admin 20.10.2011. 21:28

Understand that whoever the GOP nominates that the wealthy will pour unprecedented amounts of undisclosed money into backing that nominee. The message here is be very careful who you nominate, because he might win!!!!!!!

Admin

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