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Just read this and thought I would post it up. The "Save Big Rule": Don't save small. Save big. Big is a worthless college degree. Big is a house. Saving 10 cents on a cup of coffee is a poor mans way to get rich. There is a myth that 'saving a dollar is the same as making a dollar'. This...

No I'm not and I'll tell you why. Top tier managers (like the ones that run your friends' business) are a very rare breed. I would estimate they are about 5% of the management pool. Maybe that's being too generous, I dunno. Anyway... So out of 100 businesses, only 5 of those businesses are...

Not sure where this came from. I pointed out that RDPD was good. The rest of it is crap. I read extensively. As of the start of this year, I've read 27 books and have 4 on the go right now (not all business books). I read lots of biographies as I enjoy learning from people who have gone before...

Investors can get in on this action by investing in listed Venture Capital firms. I don't feel bad about it or feel that anyone has done anything wrong. Making money in shares is easy - do your research, identify companies with a strong competitive advantage, gain as broad an understanding of...

Hi Ace, that's a good point and I think reflects perfectly why property investing is not a business. For an investor, putting money into a property that loses money year on year, with the hope of receiving capital gain at some point in the future might make sense, but makes zero sense for a...

Yes, but at the same time, it doesn't make it a good business strategy. They got a massive cash injection upfront in order to build the business to the point where it could be listed. They then listed at $2.50, immediately after which the price steadily fell. It then recovered to reach a high of...

I understand exactly where you're coming from Ace. Then my initial reaction to the proposition is 'Why not just plow all your capital into the highly positive cashflow venture?' There's a reason astute business people don't pour capital into businesses that lose money year on year.

Just thought of a way that this might be possible. Sell equity to one or more of your people. Not for everyone and certainly not simple, but could be a workable solution. Although, I wouldn't want to purchase equity in a business from an owner that wanted to hand 100% of the responsibility off...

The truly wonderful thing about the technology age is that you can start a part time business, with little (or even no) capital and build it up whilst still working.

The thing about considering property investment a business is that, if it was an actual business, 95% of people would be out of business! Negative gearing = poor business strategy.

Hi Xenia, you might enjoy my blog post on this subject, if you read it, let me know what you think. http://www.rooseveltfc.com.au/blog/adventures-of-a-contract-paraplanner-part-16-dealing-with-difficult-clients

Great post! Here's a great picture that succinctly shows how RK's snake oil crap is, well.... crap.

Hi MIW, firstly it's not 'spot on'. As far as I know, Rixter has never run his own business, so he has no experience to relate this to, therefore his point of view is worthless. As Ace In The Hole stated, the reality is that most business owners can't simply 'not turn up'. There is no way that...

Achieving the goals you've set for the business, whatever they may be.

Thanks dude! I'm glad you got something out of it.

This. I initially had the 'pay yourself first' mindset. Then a few years back, I changed it from 'holding back on the things I enjoyed in life' to 'what do I need to do to increase my income to maintain the lifestyle I enjoy today whilst having sufficient funds to secure my future'...