3in1energy's Personal Finance Blog

Well if you find yourself here , and have not read part 1 & 2 of course you first should. Many of you may be thinking why do I need to have wealth defined anyway.
Well thats why because most have a wrong mindset about wealth . Plus to achieve something it must be defined, specific & obtainable. If I said im going to run a race & start training right away. The first question is start training how ? To answer that i must know several key things . Like what is my current fitness level? How much time do I have before the race? What will the distance of the race be? What will the weather & terrain be ? A really big question is do I want to win or simply finish? The journey to obtain wealth is no different. To accomplish a goal you must first define what it will look like when you do. Wealth is no different. Ok enough is enough heres the definition. There may be others, but I dont know of any. This one can be obtained by all who decide to. I must admit its not my own idea it was written by a man named Buckminster Fuller in 1961 as he applied for a patent called the geodesic dome. This was also written about in the book " Rich Dad Poor Dad " .
Wealth is a persons ability to survive so many number of days forward. Or you can say if I stopped working today , how long could i survive? Knowing this you can actually measure where you are in terms of being finacially independent.
Wealth is the measure of cash flow from assets when compared to the expenses.
Once you know this it becomes very possible to obtain wealth. So heres an example lets say your assets produce 1500 a month in passive income & your monthy expenses are 3000. Thus you have 15 days of ability to live forward & 15 days to cover. Income from a job or work of course does not count in the Wealth proccess. What I love about this is now you know what to do . Either create 1500 more in passive income or reduce expenses by 1500 or a combination of both. I bet many people are closer to wealth than they thought now. I know I am & getting closer every day. My personal goal is the example above. I describe it this way 100 dollars per day everday without working. I have reduced many expenses & will be without debt within 30 more days. I could live comfortable on less than 3000 , but I prefer to have a solid base. I want to add one more thought here. You dont have to limit your assets to just savings. The income can come from investments both cash or property. It can come from a real business where you get passive residual without you being present or performing actual work( dont mix this up with self employment). So now you know we all can have wealth . You must take two actions here to obtain it. First what are the real expenses you need to live comfortable & are you willing to reduce any & stop creating debts. Debt even buying a house is the biggest wealth killer. Second where do you want the income to come from ? Are you just going to save money until you make enough in interest ( that can take a long time for most). Are you going to try stocks, bonds ect? Invest in properties? Become a true business owner that can reap passive income that will grow without you? Ive chosen mostly the business route, and currently own 2 debt clear cash flow business. One I bought for 20,000 in 1990 the 2nd I bought for less than 400 in 2006. Now remember a business may not be fully walk away the day you buy it or it might , but it must be your goal to walk away from it @ some point. So if you need 1000 or 10,000 a month I say make some wise choices, think out of the box, dont shoot down opportunitys until you see all the information ever!! Choose to live in faith not fear & doubt, and by all means have a positive attitude because a cup half empty person seldom will have a full cup!! Best wishes obtaining wealth & dont confuse it with being rich!! Rich has no true definition , but I bet you will know when you are!!

Well ive been a bit under the weather so behind on my new blog world. I must first say that true wealth is a blessing when sick or unable to work for any reason. We hear the word wealth tossed around rather frequently. Yet I seldom hear any one even try to define it. As you read this whats your first thought about wealth ? I know what mine used to be. Wow has it changed now thanks to good success minded business leaders , good reading on the subject, and a host of leadership training & attitude / mindset changes!! A mindset is powerful & can be very destructive. Its also known as a stronghold , and can impact your life in many ways for the good or bad. Yes even our finances. You may have heard some of the following in your life...life is hard, lifes not fair, its dog eat dog, murphys law, dont take risk, play it safe, do you think money grows on trees, dont be selfish, find a job, work hard, get some benefits, stay in school, go to college, get a education, be somebody, quit dreaming, just work hard & save a little for retirement... the list is endless!! Those words can define your whole future or lack of one. Remember a person can never ever reach their full success potential living in fear & not taking risk. To prove it find a very very successful person that did not risk. It cant be done. You can find many many average people though that would not risk & still wont. Everything they do is a play it safe mentality also known as a poverty mentality. Its sad how many dreams will never come true because of fear & a negative mindset. Wealth defined part 3 coming soon. Thanks from 3in1energy

What do most people think of when they hear the word wealth ? Perhaps Donald Trump or Warren Buffet or a famous actor or singer . Oprah or Dr. Phil, maybe they even fit the "Wealth chart " ? Is wealth the sum of net assets over 100,000 or is it 250,000 ? If not then for sure the grand some of 1 million thats got to be true wealth ! Are many hard working people trying to obtain wealth without knowing what it looks like ? Ive noticed since my pursuit of wealth that many people have a very poor wealth IQ or none at all, and boy are they easy to offend too. Why I must ask are most hard working people so touchy about wealth. Many work harder & harder some even take on overtime, 2nd jobs, promotions , and on and on it goes , but can wealth be gained that way ? They chip away at debts with a structured & diciplined budget . They slowly mount there savings with a 20 here or 40 there process designed to provide a retirement at age 60-70 give or take. Well any of this produce wealth ? Its getting late & ive been known to ramble a bit sort of ! So i say lets discuss this more tomorrow ! I dont like giving my opinion of wealth although its not a opinion its based on fact. I notice many of my fellow finance bloggers are not just on a different page then me , but some are in a different book on another planet in a different galaxy ! Im curious to see any comment on wealth. How to obtain it, how does one know when they have . Yes ,i do know the correct answers & am living those out by actions. I will write " True Wealth Defined Part 2 ". May you have a wealth producing night... from 3in1energy

I made a small investment that is reaping big returns! Isnt that what they all say ? Well i would like the opinion of those number crunchers out there. Im no bean counter thats for sure. My extent of a investment is normally something more like this. Place a small amount in a 3-5 year CD with 2-4% interest. Well those are about gone now, but you get the point. Then normally before it matures i borrow on it or close it out & lose money. So im pretty amazed at what I have discovered, but i will leave that up to you . After all your probally the expert!
First a friend shared this investment with me,and then we met to see the numbers. It looked good, but would it work ? After a brief discussion with my wife we both agreed it was a small enough number to risk. Besides we both agreed we used to spend more on a Sat night & the only ROI was a hangover on a good night.A few times we got way more than that !! So we followed through & invested just over 300.00 up front & agreed to invest 25.00 a month in this program( although it was optional). Within 60 days & a few key steps that we made, but no more money invested. We had a ROI of 500.00 so not bad i guess 200.00 profit approx. We continued to invest 25.00 a mth. With some small continued steps over the next 48 mths we had received over 8000.00 in additional ROI. In addition to that a monthly dividend of 500.00 had been created. This monthly yield is currently growing at a rate of 20% & thats compounding monthly not annually !! As we continue to track our growth & projections the next 5yrs are simply astounding to say the least. So back to the original question was this a good investment? Im wondering is there anything better? I look forward to your opinions . If i have struck gold with this deal do you think others would want to know ? Thanks for your advice from 3in1energy.
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So your trying to focus your eyes , and find the snooze button on your mobile device or clock! You somehow can't believe that 6 or 7 am has arrived so fast. Its that time, you know the dreaded time to go to work! Let's be honest are your glad you must get up? Are you looking forward to the rush traffic? Perhaps skipping a good breakfast because there's simply no time ! Do you realize that our bodys were created to get sleep & that when enough sleep has been received we will wake up right on time!! So why the alarms day after day , and so on ? Getting up is fine when its your choice. When its a option not a mandatory requirement. When its a family vacation, wedding, a childs special event at school or church perhaps a sports event that you must miss again . Do you utter these words frequently " sorry i just cant make it" or "I just dont have the time " ! It is a sweet sweet day when the only major decision once you have woke up naturally is to say ok do I want to roll over or roll out !! Then once you roll out you can say to those you love yes yes I have the time, I will be their, wouldnt miss it for the world!! If you seldom or never experience that choice than something must change. Whatever your doing is not working. Does the next 5 years look like the last? Since I exited the rat race highway as I mentioned in my Finding Financial Freedom blog the next 5 years is beyond my wildest dreams. A ever growing true passive residual wealth income every month. Like a train with no brakes coming down the slopes of the blueridge mtns it just can't be stopped. It just keeps growing month after month & providing freedom for my family even in this down economy. So if you would like to throw the alarm in the trash & try the Roll out or Roll over option plan. Try saying yes instead of no all the time. I say go for it!! How you may be wondering? Well read my earlier blog named
Finding Financial Freedom in any Economy. Be blessed
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We hear it a buzz in almost all conversation today. We see the drain in their faces, and the question looms like fog over the bay! How do we find financial success in todays economy? Well it may seem obvious to some, but if you want a great dinner out it won't be found in a Auto parts store ! Yet most people continue to pound the steering wheel in frustration.They are stuck on the rat race highway & missing all the right exits. Like exit freedom, or wealth this way, family time rest stops! Get the picture? Maybe you are the picture! I was the poster child of that rat race highway & logged thousands of miles to prove it. The right exits are available, but you must be willing to slow down read the sign put on the turn signal , and TAKE IT !! Now that you have exited to see what this is about. Well let's say your like most average people & your simply not able to invest huge money into stocks,investment property ,hedge funds, gold the list goes on. So then what? Well you have 4 choices as per the book Rich Dad poor Dad by Robert Kiyosaki. The quadrants in the box are E=employee S=self employed B=Business owner and I=investor. You must be a B or I to have true passive wealth!! Most as I said above cannot be a investor right away so that leaves the final answer. The secret to the Financial success question is B. You must become a business ownwer!! Be very very careful here because thousands mess up at this point & become self employed thinking they will be a business owner. So so wrong! Self employed people most times work harder than their employees, have less time off or no free time at all & sometimes even make less money all for what? I did it for over 20 yrs, and its a one way ticket back to the rat race highway!! Don't make that mistake. Ok so what's a low cost , time freedom, financial freedom producing business? Heres the answer ! A successful business in this economy must have a product or service that everyone buys or uses everyday no matter what! It must require no employees or insurance. No exchange of money or any billing whatsoever. No reorders or autoships. Very low starup cost & low low overhead. Have you got the answer yet? I found it & you can too.
Two simple services that everyone knows well & uses without any thought everyday.
Electricity & Natural Gas
To learn more you can log onto www.3in1energy.com

Much Success from 3in1energy
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