Ideas turn into money!
Have you seen the new...(it's easy to fill in blank)....?
Unfortunately some of the most brilliant ideas never materialize. Staggering stastics reveal less than 1% of all U.S. patents get produced and make a profit. The irony is that even the United States of America was founded on an idea!
I would like to challenge you to think just a little outside of the box for a minute. We make decisions based on our ideas. The decision to get a 'job' is based on the idea of 'security' (ie. steady income).
Why is the idea of 'job security' no longer realistic? When an idea (for example Blockbuster) is no longer profitable, the Entrepreneur is faced with a new challenge. How the Entrepreneur responds to the new challenge depends on whether or not the idea survives.
With every 'profit' decision you make--whether you are working at a 'job' or you are pursuing profitability from your own idea--you are making a HUGE DECISION that will impact you for the rest of your life!
Please allow me to offer a simple idea.
Creating Multiple Streams of Income is easy and I highly recommend it for enhancing your 'security'. You can choose how much time and money you want to use creating multiple streams of income. I have a patented idea --with profits from royalities in mind--that has cost me several thousand dollars for the patent and registered trademark. But I have another stream of income that requires I almost do nothing. It is--hands down--the easiest money I've ever made!
My most difficult stream of income is from my Tax Law Practice, W.E., Inc., with my Mother, Phyllis Wheeler, CPA. This income stream focuses on helping our clients achieve maximum profitability on their ideas-- whether their idea of profit is as an Employee or an Entrepreneur.
I will always stay abreast of tax laws and help others avoid high tax brackets on their ideas because I know tax laws account for 33.3% of our wealth!
If you are an employee, roughly 23% of your income is deducted from every paycheck for taxes. Who is managing all the money you are contributing? Are there other options available?
I hope you found my idea of sharing this information with you valuable and it has opened your mind to some new ideas.
Thank you for visiting with me. I know your time is valuable and I truly appreciate your hospitality :)
Yours truly,
Chris.
