How to Grow a Money Tree

Money GuyThe instructions are simple, basic, and have been around for millennia.

Every so often they are repackaged for a new generation. One of the best in modern times is The Richest Man in Babylon by George S. Clason.

More recently they have been wrapped up in the latest pop-spiritual and New Age trends.

But regardless of how they are presented, they work — because they are simple, basic principles. No secret laws or other nonsense. They’re almost common sense, really.

You see, the hard part isn’t growing a money tree. The hard part is getting it to bear fruit.

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‘Bout Free Milk and a Cow

Your Brain CapitalRalph listened patiently as the guy asked his question.

When he was finished, Ralph gave him an excellent answer (“wow, I never thought of that…”.)

When the guy asked Ralph a follow-up, Ralph politely handed the gentleman his card. Then Ralph asked the guy to give him a call on Monday — after the weekend trade show we were attending — about scheduling a meeting. They could discuss contract details then.

The guy took the card and left. Ralph never heard from him.

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So How Do You Make Money from That…?

Making MoneyThere’s this crazy misconception that I spend a lot of time trying to correct. It revolves around businesses making money.

You see, they do. No really, I mean it.

I know there are lots of “businesses” out there giving stuff away for free, or using a “non-traditional model.”

But generally, one of the definitions of a business is that it generates revenue.

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Should the “Free” In Freelance Refer To the Price?

Will work for equity...“When is it okay to work for free…?”

I get asked this a lot. The simple answer is “never,” but there’s more to it than that.

See, there are some unscrupulous companies out there who like to take advantage of the newly self-employed — especially freelancers.

They offer you “a great opportunity to build your portfolio” in exchange for giving them your work for free.

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If You Want To Be Rich, You Have To Know What The Heck It Means

If You Want To Be RichBy losing your goal, you have lost your way.” ~ Kahlil Gibran

Do you want to be rich? Awesome… then what’s “rich?” Maybe you just want to be comfortable. Well, do you know what “comfortable” means?

One thing I’ve noticed from working with new and aspiring home-based entrepreneurs is there is often a lack of a financial plan.

Now, I’m not talking anything formal. Projections, balance sheets, all that stuff is great – if you need it. But what I mean is a roadmap of financial goals, that you have every intention of reaching.

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