Showing posts with label Investing. Show all posts
Showing posts with label Investing. 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.

 

 

 

 

Friday, January 4, 2013

4 Qualifications of Becoming a Wealth Builder (C) 2013 by Wayne D. Lewis, Sr.

The Coveted Commandment: Thou shalt build wealth. (C) 2013 by Wayne D. Lewis, Sr.

Dear Wealth Builders,
When we talk about building wealth, it may come to mind that in order to be a wealth builder, one should have certain qualificatons.  This not an unreasonable conclusion, given the fact that just about every and anything that we would want to accomplish in our lives, requires some type of license or certification.  We can probably put our hands on a few professionals who hold some type of licensure or certification in order to fulfill the responsibilities of their jobs in terms of financing and banking.  For example: mortgage lenders and brokers; real estate agents; securities brokers and financial planners, to name a few.  All are are involved in some manner of wealth building, so it would seem appropriate that if anyone were interest in getting involved in becoming a wealth builder, then we need to research to see where we should obtain the proper qualifications.  Wait a minute! Not so fast.

Wealth building is not necessarily a 3rd party investment of time.  While it is true that in many cases, we may need to involve someone else in our wealth building activity, we are just as qualified to build our own wealth, and rarely, if ever, include someone else for our immediate need.  More than likely, we already possess the requisite minimum requirements to be a wealth builder.  And not one of them needs to be licensed or certified.  What are those qualifications?  Here are 4 qualifications for you to consider:

1.  A strong desire to be financially be successful-What kind of qualification is this?  "A strong desire to be financially successful?"  That could include anyone.  Exactly!  Why don't we try to raise the standards a little higher?  Let us come to an agreement.  A strong desire is not as easy as it sounds.  Here is why:  Imagine standing in a grocery line.  As you are nearing the cashier, when, predictably, you are surrounded by displays of items that are on either side of you, that had either no plan to buy, but there they are, right within arm's reach.  There is candy, which is sure to appeal to either children that are with you, or even you, with your sweet-tooth.  Also, there are many items that marketers have found out, that on average, someone is more likely to buy these items just because they are standing in that line waiting to served by the cashier.  It's called impulse buying.
According to the website, The World of Inforgraphics here are examples of how impulse buying works:
  • 88% of buying is impulse shopping;
  • Females accounted for 60% of impulse shopping within the last year;
  • 14% of impulse buying is for food;
  • Households of unmarried adults with higher income account for 45% of unplanned buying than older married couples, and, last but not least,
  • Unplanned purchases go up by 23% when the shopping trip is unplanned.
  • Find out more at: http://www.infographicsinsights.com/2011/04/impulse-shopping-statistics.html 
Taking into account that 88% of buying is impulse buying, suggests that many of us are victims of the great marketing programs that we often fall for.  This is not a bad thing, but it lets us know, we are not alone.  Therefore a strong desire to be financially successful can be traced to at least one place that is intergral to our lives: shopping.  It matters not where we are shopping, or whoever is shopping, impulse buying is not out of the question.

If we can eliminate say, 10%-25% of the items that we buy on impulse, by focusing on our desire to be successful wealth builders, we will have accomplished a lot.  Suggestion:  Try to cut down on impulse shopping.

2.  Able to access a consistent source of cash-Well now.  To be able to access a consistent source of cash would seem a challenge for many of us.  Myself included.  But if we take the first qualification into consideration, this is qualification could be a snap.  Here is why.
There are a number of websites dedicated to building wealth.  By inserting in the search engine: Sources of funding, various financiers, capital investors, banks and loan companies will appear.  But this is not to say that it is as easy as all that.  Building wealth is an actual job.  It involves researching, planning, timing and of course, risks.  The greater the risks, the greater the reward as we have often heard. 
http://www.bizmove.com/finance/m3c.htm

Part of reducing risk is knowing the right questions to ask, and to whom.  The intent however, and this important, is not to loose your shirt, or skirt, as it were. In building wealth, it is generally recommended that you partner with those who share a desire to become wealth builders rather than try to go it alone.  That way you are exchanging ideas, and perhaps getting a second opinion from someone  who is just as concerned as you are about the reliability and trust-worthiness of the sources of funding that you may ultimately choose to access. 

http://moneyover55.about.com/od/howtoinvest/a/investforincome.htm

And before I forget, being able to access this consistent source of funding, is in an effort for you to be able to know when and where, if necessary, to immediately be able to go on line, or pick up the phone to seize a great opportunity, when you see or hear of one.  As always, please consult as many reliable resources that you can access, whether online, or in person.  Afterall, you can't be too sure when it comes to investing your hard earned money.

http://voices.yahoo.com/learning-investing-sources-financial-and-2904241.html


3.  Able to determine the value of goods, services for investing-So far, nothing that has been shared here or in this blog, http://thecovetedcommandment.blogspot.com/, or even going forward, shall be assumed to be as a result of getting up on any given morning, and you know everything.  That doesn't happen in any aspect of business or life.  So for many of us, who are starting out, like myself, there is always a need to know something about whatever it is you are going to invest in..  I am believing that if I do my homework, or do my research, that I will learn the value of gold, silver, or copper.
 
http://www.ibtimes.com/gold-price-cuts-loss-after-mixed-jobs-report-994024

That if I do my homework, I will learn the difference and value of crude oil verses processed oil, or vegetable oil when it comes to fuel.  The reason that is it important to do this type of homework is because as I venture into unchartered territories of technology, commidities, imports and/or exports, it will be necessary that I take the time to explore through as many sources and resources as is necessary to be knowledgeable regarding a good investment, a long term investment, or something that will fold the moment that I invest in it.  So as wealth builders, the risk and the reward factor has a better than a 95% percent benefit rather than a 100% failure if I take the time to learn how to determine the value of goods and services.
http://www.ehow.com/how_2796_create-investment-portfolio.html

4.  Constantly looking for new and innvative ways to turn an investment into a fortune.
If for whatever reason, these qualifications seem to run together, and that maybe.  But the distinction is not to be underestimated. There maybe other qualifications.  As a matter of fact, there are more qualifications, and as a part of our homework, in order to become the best wealth builder, we need to not only find out what other qualifications exist, but we need to also develop our own qualifications as wealth builders, that are unique to us, personally.  How?  Depending on our portfolio, we are developing an investment profile as unique as our fingerprints.  Even as we may seem to be investing our own dollars the same way other investors maybe doing, we are creating a very distinctive profile, and to that end, it needs to be to the extent that our qualifications speak for themselves.  If, for example, we invested $25,000 in rent-to-own stock for a projected 5 years, hoping to make a 10% profit (modest of course), and in the 3rd year we reach our goal, we decide to redirect our investment because we will have made a 13% profit.*  Whether anyone would pull their investment from rent-to-own stock is of no concern to you.  This is your business.  You are your own wealth builder, and you are developing your personal wealth for you and your family.
The intent as a wealth builder is that we always set a tone as a distinguished and smart investor.  As we begin making more money, and recycling our investments, we can expect that more opportunities will present themselves.  But we should never forget what we will have learned to become that distinguished, smart investor.  Stay true to our lessons learned, and continue to seek out the next best investment.

Conclusion-  As wealth builders, we may want to take it slow, if we are just starting out.  But I can't imagine that even as an experienced wealth builder, one ever strays away from those qualifications that has made us successful.  While these 4 qualifications may not be applicable to a seasoned wealth builder, having something from which to build on to achieve a successful wealth builder status is important, especially for those of us who are just starting out.  Remember this, if nothing else, the first qualification is essential, a strong desire to become financially successful.  That means that we are focused and determined to turn good investments into a great fortune.  Best wishes to all you as Wealth Builders for 2013.

#Youhaveoptions! 

Thou Shalt Build Wealth (c) 2013 by Wayne D. Lewis, Sr.

From the movie:  Wallstreet 1987, starring Michael Douglas:
http://www.youtube.com/watch?v=PF_iorX_MAw

*(For demonstrative purposes, your results may vary. Consult with an investment strategist or financial planner to determine what would be in your best interest)