Any Entrepreneur Must "Play Bigger" for Success

Entrepreneurs must "play bigger" than everyone else if they want to make it.  Playing small is for average people.  I believe we all were made to be elite not average.

Now this point doesn't apply to just making money or your financial picture. It's everything you do in life.



Is there a time where you shrunk in the moment? Of course. We all have experienced this and let's face it. It's a choice we make...shrink or rise to the occasion.

Financial Freedom: What Does Living Life on your Terms Look Like To YOU?

When people hear that I retired at 32, they often assume that I am sitting on a beach somewhere.



I remember for the first several years, I traveled, lived in beach towns (Dana Point, CA; South Beach, Miami; Redondo Beach & Manhattan Beach, CA; Clearwater, FL; Tampa, FL). I can tell you that I got bored pretty fast.  What I realized is that we work so hard for something (for me it was financial freedom and a strong a residual income), then when you get there, it's like "what now?"

Financial Freedom & Residual Income: What It Has Meant To Me....

I wanted to share a story that will show you what financial freedom and residual income can mean to you when you truly have it.

The Wednesday before Mother's Day weekend, I was driving home from the gym and I remembered that Christmas was the last time I visited my mom. My mom lives about six hours from me ( Sacramento, CA where I stay for my business and eight hours from my residence in Reno, NV), so I don't get up there all the time.

How Financial Comprehension Can Change Your Financial Outlook...

If you have read my eBook on how I retired at 32, you know that financial comprehension is an important step for developing a residual income.

Let me tell you a story about some people I know who have made a lot of money over the years and how their lack of understand of bonds cost them a lot of money.

They made several good real estate deals where they fixed up a couple of properties and turned them into commercial units, received residual income rents for years, then carried the paper on the loan and are receiving income for years on payment for the property at the increase in value after years of collecting rent. Pretty smart investors. So how could investors like this make this mistake? Read on...

Diversified Cash Flow: More than ONE stream of income....

An important principle in "Kicking Ass in the 21st Century" and living life your terms is diversified cash flow.

For someone a person who is an employee of someone else, diversified cash flow means having another stream of income beyond your paycheck.

For someone who has their own business, it means having another stream of income beyond the profit you take from your business.

For someone like me (and I hang around a lot of people who have my type of income and lifestyle), it's having another stream of income beyond a residual stream of income.

The Road To Residual Income: Get The Right "Type" of Mentor

So many people I talk to on a daily basis tell me how they want to live life on their terms. If you haven't learned the concept of residual income, passive income, or leveraged income, then this where you need to start. The only way to live life on your terms is to create this type of income. I like to use the term residual income.

I could go on about how you develop residual income and there are probably a thousand books or business opportunities on the subject, but the key area that I needed years ago when I was trying to achieve "life on my own terms" was mentorship.

I needed to find someone to show me how to achieve this type of income.  You definitely need a foundation and a lot of books and courses on the subject of residual income can give you a foundation, however, you need that ongoing help on the "day-to-day" to questions and skills development in the area of residual income.

Is More College the Answer or Do You Need Skills such as Internet Marketing and Communication Skills?

So much emphasis these days is put on getting a college degree and getting a good job, so many people will delay money and put work and effort into school delaying income gratification.

The problem these days is many degrees don't get you or prepare you for jobs leaving many unemployed college educated people.

I am not advocating that you don't go to college, but I am saying that like anything else life, you "shouldn't put your eggs all in one basket" as the saying goes.

Colleges are failing people at getting jobs everywhere you look, yet in a sagging economy over the last 6 years, the solution is to get more education if you don't get a job. Does that make sense?  It doesn't to me.