Showing posts with label CPA. Show all posts
Showing posts with label CPA. Show all posts

Monday, April 29, 2013

TO THE GRAUDATING CLASS OF 2013- CAREER OR MOGUL? © 2013 by Wayne Dan Lewis, Sr


other postings by Wayne Dan Lewis Sr.:
http://thecovetedcommandment.blogspot.com/ 
 

Congratulations to the Graduating Class or 2013.  I can’t say enough of how proud I am to be apart of this tremendous achievement by those of you who have made outstanding sacrifices and who, having gained this level of achievement, are ready to take on the world.  I’ll be brief as I ask you to ponder a very important question.  That question is simply this:  What has your education prepared you to do, going forward?   Before you answer, let me be clear about what why I pose this seemingly trite question.



The national unemployment rate, at last check was about 7.6% here in the United States.  If you haven’t already done so, by the time you graduate and begin your earnest attempt at finding a job, all of you, along with the many thousands of graduates across the country, could be bumping that number up to 8.%, or 8.5%.  Your attempts at finding a job, as many of you may know, will be coupled with many others who are putting their best foot forward to show employers that they are the best qualified for the position or positions that many of you will be applying.  Good luck, it is a tough world out there.  But that’s okay, because your college career has prepared you for your employment career.  Or has it? 


This may not be a good time to bring this up, but, what did your college career prepare you do?  If your answer is to get a job, I am going to out on a limb here and say that you are wrong.  In my experience, having attended various colleges, and universities, one of the things that higher education rarely do is prepare you for to get a job.  I understand that that is what is often discussed, and employers are the ones who often show up at career fairs, but I believe that colleges and universities do a lot more than prepare us for jobs.


I commend you if today you are graduating and receiving a Bachelor of Science Degree, but that does not entitle you to a job.  I am proud of you if you are receiving a Master’s Degree in Arts, but that does not entitle you to a job.  I want to believe that somewhere there has been a misinterpretation of what is supposed to happen from this point on in all of our lives when graduating from an institution of higher education.  I believe that on the way to building empires, employers, entrepreneurs, and visionaries noticed the quality of education that was going on throughout our various communities.  These men and women of vision observed how colleges and universities turned out successful and well-rounded citizens, as well as educated graduates. 

Where else could these luminaries find the best of what was available from within many of our communities?  They either planted them themselves, or provided enough enticement for those who were preparing to step up into the world, that the alternatives were very difficult to overlook.  But there was a problem.

The problem in hiring new graduates became apparently worse when it was determined that a job was easier to get than to build an empire, or to create an industry.  Getting a job, has become the habit of many, it has become the ultimate intent of more graduates, and thus, the industries and empires that once were the norm on American soil, has become rare. 

 

There are fewer Hoover’s that produced vacuum cleaners; there are fewer GM’s and Chrysler’s, and of course Fords.  There are fewer Ma Bell’s, and Oil Producing companies.  We may say that many of these companies have moved overseas, and we maybe correct, but where are their replacements?  Who are those among you today, who will say:

“I will build my clothing factory here, in the United States”;

“I will build my furniture company, right here in the United States”, or,

“I will build my toy factory, right here in the United States”? 

Wherever those companies can be, you can be too.   You can change that, and you can begin today.

You see, these great visionaries of these current and former empires don’t need everyone who graduates from colleges or universities, they only need a few.  The number of you here today are more than most companies need to employ.  But you are prepared than just to be an employee.  You are extremely well prepared for the best job that any employer could ever offer, but all of you are not going to get employed.  So, what should you do?  Should you panic?

 

Suggestion: You should just sit.  You should just wait.  You should just sit and wait.  You should also send out 100’s and 100’s of resumes, hoping that someone will hire you.  And, if no one calls you in the 1st six months after you get your degrees, you can apply for another degree, at another university, or, on line. 

Or what you should do, if you are not among the newly hired post graduates, is apply for low-paying jobs, until a better job comes along.  And perhaps, after 3 or 4 years go by, that job that you thought you were the best for, well, it will probably go towards someone else in next year’s graduating class, of 2014.  Or, you can go for something else.  Today!  You can go for the golden ring:  become the mogul that every college and university prepares you to become.


I understand if you think that you are not mentally prepared to begin a new industry. But I couldn’t disagree with you more.  I understand that if you were only ready to go out and start looking for a job.  And for some of you, you already have a job, so you are set for life, maybe.  But there are those of you who are going to go out literally and look for a job.  You are going go on every job board, internet site; you are going to tap into every network; attend every job fair there is.  You are going to fire off resumes, set appointments, and get your rejection letters. Not because you are not qualified; not because you aren’t a perfect fit.  But because, you are mogul material.  You are industry-building material.  But, if you are not careful, before you know it, you’ll move right back into your parent’s homes, or just change your direction and try to regroup, thinking that there are no jobs for you.  And you know what?  You are right!  There are no jobs for you, because you are not meant to be the employee, who only fills the 9-5, office-cube oriented, paper pushing role that many employers set up for newly graduated professionals. You are meant to sign the checks, not just receive them weekly, or every two weeks.  You are meant to be the big Kahuna, the Big Cheese, the man/woman in charge.  You have the education, you have the talent, and, you have what it takes.

 

Many of you, who have jobs, you too will be challenged on your new jobs.  You will be pressed for your great ideas in order to make sure that your employer becomes successful.  But what about you?  What about your success? What about your ideas, to make you successful?  Is that all that your education has done?  Has it only prepared you for someone else’s job?  Has not your education prepared you to work from sun up to sun down, even if you have to work harder, for less pay, because that is the risk you are willing to take, to build your own empire?


Don’t be upset if you find that the offer of money is good, or even great. It is supposed to be good, it’s supposed to be great.  Why do you think that is?  It is supposed to keep you from building the next competitive empire to the very employer who knows a good leader when he or she sees one.  

Don’t be upset with yourself if you find that you feel an urge to open your own business, to employ your own people, to sell your own product, to acquire your own customers.  Don’t be upset with yourself when you find out that making less money is no big deal when it compares to running your own business.  Why should you be upset?  You shouldn’t. Because that’s what you were educated to do.  I don’t want you to turn on any employers, but weigh out very strongly, that you may be the next Henry Ford (Ford Motors), Oprah Winfrey (OWN); Bill Gates, Steve Jobs (Apple Computers), Conrad Hilton (Hilton Hotels), Harland Sanders (Kentucky Fried Chicken); or anyone else who has decided that their education was one of the best things to ever happened to them, and that because of their education, they were meant to open their own doors, and harvest from the very universities that has prepared them, to be the great leaders that they are.


You are encouraged however, to seek the proper advice from your respective consultants, financial advisors, or entrepreneurial advisors, or CPA’s before investing in any activity, as your results may vary.  But, if I am right, as I hardly am, according to my wife, I believe that your education as of today, makes you mogul material.  If I am right, as I believe I could be, my wife notwithstanding, I believe that each of you are following a pattern of behavior that will either hold you back, or delay you, or forever keep you from achieving your greatest ability-to open your own business, if all that you do is pursue a job.   Your challenge, should you decide to accept it, is to build your own empire.  That is what you have been prepared to do: to be your own boss, to create jobs, and to ensure that there is another industry on the horizon that causes stocks to rise on the stock markets; to create an industry that is shaped by the wisdom of an open-minded Board of Directors, who don’t tie your hands, but helps you to launch the greatest business plan ever.

So today, as you receive your degrees, know that if you are only applying for jobs, you maybe short-changing yourselves.  Take this coveted document, your degree, and use it the way it was truly intended, to build your empire, to be the big cheese, to run your own company, to be the Industry leader that you are very well capable of being. Whether your dream is to build a technical empire, you can do it.  If your dream is to build an automotive empire, you can do it.  If your dreams include medical, transportation, defense, or retail, you are just as capable of being the CEO as you are the employee.  Your education, has prepared you.  For you not to put this education to its fullest and best use, will make your education less than valuable.   It will always be up to you to decide  whether to settle for a job, or to pursue the greats heights of being tomorrow’s next multi-millionaire mogul.  I know you will choose wisely.    Congratulations to all of you, the Graduating Class of 2013.  I wish you all the very best that life has to offer, may you always be the great leaders that you are.

 

 

 

 

Sunday, January 27, 2013

Building Principles for the The Coveted Commandment (C) 2013 by Wayne Dan Lewis, Sr.


One of the things about the Coveted Commandment is that it begs the question: “What is the Coveted Commandment?”  It is a valid question and should have a very simple answer.  Taken in the context of the intended meaning here, Let us look at what covet means. It means to wish or long for; want. [1]  

 
Let us look at what a commandment is.  It is a decree or proclamation issued by an authority and having the force of law. [2]

 

All together, we are suggesting that the total context of our message is that there was and still is, an undeclared decree that is so powerful, that those who would, could and still do have the power to exact law, choose not to authenticate it because it would diminish the ability of those who are in power, or who have friends in power, to make, continue to make, or begin to, achieve wealth.  I contend that it is a decree that is desired only of those in power for those who are connected, and also in powerful.  It is, for all intents and purposes, the Coveted Commandment.  That Commandment plainly states:  Thou Shalt Build Wealth.

 
If you have read my previous blogs, you’ll know that I questioned as to why only 10 Commandments?  You’ll know that I proposed an inquiry as to how, after 40 days and 40 nights, did Moses only come up with 10 commandments.  He had thousands of people under his leadership, and with all that he could share, no mention of wealth attainment, wealth building, or wealth development.  I contend that because this particular commandment encourages wealth building, it is a coveted or strongly desired commandment that is not shared with the masses, but kept in secret.  And if we want to give those in power the benefit of the doubt, that this is a commandment that is undiscovered, that remains on Mt. Sinai.

 


 

 

You may refer to me as paranoid, delusional, a conspiracy theorist or, having nothing on which to base my theory, but know that I risk my sanity, my reputation, and perhaps my life, because if I am anywhere near the realm of possibility, there are powerful people who would not want this to be a known and promoted commandment. 

 

Why so great a risk?  It is the risk that I have been assigned.  By that I mean, there are many of us throughout our lives who have been assigned a task, however great, however small, that whether we choose to accept it or not, it becomes inevitable that we carry out that which destiny has so ordained.  For example:  Why does anyone climb Mt. Everest, which is 33,000 ft above elevation?  Aren’t there risks that would be certain death? 

Why do people attempt to swim large bodies of water?  Why do people stick their arms in a jar of mosquitoes that may have the West Nile virus?


Why do people try to accomplish great feats that seemingly for other people have no desire, interest, or even want to try to prove?  Yet, for whatever reason, these people, whoever they maybe, carry out not only their perceived dream, but also that which they have been assigned.  It is their calling.  You maybe such a person, you may be in the throws of beginning your assignment, or maybe you have completed it.  And so far, all is well.  I wish myself to be so lucky.  With that said, I would like to share with you the building principles of the Coveted Commandment.  If such a commandment exists, it is simply this:  Thou shalt build wealth.[3]


Here in the Coveted Commandment, it is not enough to state that there is a suspected commandment that has or is still being held under lock and key.  Understandably, it is not expected that someone will step out of the shadows and admit to having knowledge of such a commandment.  But, I believe that to wait for such an occurrence would be a waste of time. 

 

However, what would be a positive use of time, would be to put together some basic principles that are needed to improve our personal wealth.  Mind you, these are building principles, not guiding principles.  What is the difference?

 

Guiding principles, as I understand them, are structured in such a way as to direct that we are to follow a given set of directions in a 1-2-3 or, an  A-B-C manner, in order to achieve a specific or desired goal.

 

Conversely, my idea for these building principles are like the building blocks that my grandson and I play with at home.  They are unmarked, brightly colored, and come in as little as one connector all the way up to 4 connectors.  How he and I connect the blocks is generally with the intent of building a “fire station” or a “tow truck station”.  Sometimes we build a “space station”.  He and I have had fun as we have built “hundreds” of fire stations, not one ever the same in his first 4 years.




 

There is no formative way of using my son’s blocks, you use your imagination according to what you want to accomplish.  Whether you use three blocks, or all 250 blocks, the manner in which you accomplish your goal is up to you.  So too, are these building principles for the Coveted Commandment.  There is no order to these principles, but each one, whether used individually, indiscriminately, collectively, or however you choose, each principle should be able to stand on its own, like my grandson’s (Josh, Jr) blocks.

 

Here are the principles(in no order of preference):

  1. Pay yourself first
  2. Eliminate discretionary spending
  3. Do not borrow or lend money to family or friends
  4. Invest in yourself at every opportunity
  5. Know how much is in your Bank account at any given time.
  6. Read the latest on financial investments
  7. Partner and Collaborate on wealth building activities
  8. Shop only for what you need
  9. Convert to Direct deposit (checking and savings)
  10. Pay your bills before due
  11. Do not gamble with your earnings
  12. Substitute the term “investing” for “spending” in your daily exchanges.
  13. Look more often for your ROI for your investments (Return on your Investment)
  14. Pray daily to be able to carry out your wealth building ideas
  15. Share your wealth of knowledge
  16. Purchase and have a working knowledge of a calculator
  17. Invest in something that has a history of increased value
  18. Try to make everything that you do with money an investment
  19. Establish your wealth-building goals

 

These principles are presented as I was presenting to someone who is responsible for making very important decisions everyday about their daily lives.  I would like to say that I am presenting these ideas to individuals who are the CEO’s[4] of their lives.  In other words, there is no exclusion as to whom these principles may apply.  This does not however make me a qualified financial planner, CPA, or Investment Specialist, or any legally qualified individual to advise you on investments or savings.[5]   We want to always emphasize that these principles are presented to those who value their net worth, and are working to always improve it. 

 

Through these building principles, however applied, each of you as the CEO of your life, is encouraged to focus on those things which help you to achieve you personal goals, especially when it comes to building and maintaining wealth.  As the CEO in your personal life, your decisions are the choices that determine your success.  Choose well and choose wisely.

 

Last, but not least, feel free to build on these few building principles as presented here.  Nothing here shall be considered absolute, or fool-proof.  Based on what you want to accomplish in your life, you should be able to bring to the table new and innovative ideas on how to build wealth for you and yours.   Your continued hard work is all that stands between you and what goals you set aside to accomplish.  The good thing about these principles is that you can exercise them gradually, or repeatedly until they are second-nature to you. 

 

Best wishes and remember the Coveted Commandment:  Thou Shalt Build Wealth.[6]

 

 



[1] http://www.thefreedictionary.com/covet
[2] http://education.yahoo.com/reference/dictionary/?s=edict
 
[3] The Coveted Commandment:  Thou Shalt Build Wealth © by2013 by Wayne Dan Lewis, Sr.
[4] A CEO’s responsibilities: everything, especially in a startup. The CEO is responsible for the success or failure of the company. Operations, marketing, strategy, financing, creation of company culture, human resources, hiring, firing, compliance with safety regulations, sales, PR, etc.—it all falls on the CEO’s shoulders.
[5] No information included or suggested here should be considered as financial advice.  Please consult with your CPA, Attorney, Financial Planner or Financial Adviser, as your results may vary.
[6] The Coveted Commandment:  Thou Shalt Build Wealth © 2013 by Wayne Dan Lewis, Sr.