DAY 16 Updated: Friday, 14-Jan-05 10:11PM
All of a sudden it's the weekend again... It was a busy week, but once again, time is flying and I blinked --a few days go by without updating the old blog. Sorry about that. It was a busy one... wife away. Lots of kids things after school, etc. After all was done, I ran out of energy, I suppose.
Anyway, here I am...
I thought about the entire project once again, and it seems that I am leaving some things that are relevant out of the discussion process.
First of all, the P31 Project or 31 Step Financial Success Plan is what I refer to as a "low end" (note: I mean 'expense' wise. As far as importance, it's very high, or I WOULD NOT be doing it) project. I have kept all of my cost down on it and literally my only expense is the hosting and time to update it.
That leads to the question: What else am I doing?
I
would call the world's first Global Discount
Card my "mid end" project. (You can
check it our at http://www.maxsimo.com?uid=1)
For this I am in the process of raising USD$500,000.00
to cover the funds needed to finish several
items and establish a larger software lab.
I have a lot of plans to add processes, solutions,
products and services, but first, I must make
sure that there are enough funds to cover the
costs for 2005 and 2006.
Lastly, I have to make sure that I work with several investors as it's too
risky to fund it on my own. If something goes bad, there goes the mortgage
-- so to speak. I suppose Warren Buffet would tell me to put all the eggs in
ONE BASKET and watch it carefully. However, I don't want to bet the rest of
my life on one thing. History has proven that is the sure fire way to go nuts
or lose the 'shirt off my back' and not to mention family and all.
So, the risk is too great, and I need to make sure that I work with some financial partners.
I also had someone tell me that the "secret to success is to own a small amount of something that is very successful" -- I believe that. I'd like to share my success. That's no problem.
I have to hire several people, mostly in the USA to do corporate sales. I am also looking for a CEO for the company. Anyway, all this has to be done in the year 2005, if I am to make something great from the project.
I have also mentioned that we need about 5,000 people worldwide to work with. If you are interested, by all means, take a moment to go to the web site and register. I have also presented a way to JOIN WITH US for FREE. Please take a look at the REVIEWS AREA where I have talked about the "WORLD FIRST GLOBAL DISCOUNT CARD" -- The Maxsimo Card.
My HIGH END project is NEXT SuperStock, which I am sure that you have seen links to by now. As part of the NEXT SuperStock, I am building a corporation with USD$10M+ (M = million) in capital funds which will be initially invested in the same companies that are profiled in the NEXT SuperStock market picks.
Getting funding for this is also well underway, but I think it will take 'til Q1, 2006 before all the funding is done.
I mention all these items because I don't want to give you the impression that reading this bit is a waste of time and I don't really know what I am doing.
I'll tell you this fact: In the process of building a life long financial success plan, getting to the FIRST USD$100,000 is the hardest of all. After that, building higher from there will be a bit easier.
However, I caution you about this: MOST LOTTERY WINNERS are bankrupt after 5 years. Yes, that is a true fact. The reason is that they don't know HOW to manage their own money. They also don't know (most of them) how hard it is to earn that amount of money. Having gotten what I call "easy money", most of it will "slip from their" hands in a few years.
The lottery winners I really like to read about are the ones that win it, then collect the check on Monday (after taking a day off) and on Tuesday go back to work. I think these people slowly ease out of their work and enjoy their winnings.
How about me? Well, I must admit I have paid the lottery about 10 times in the last 20 years. Most of the time it happens when I visit my parents in Columbus, Ohio. My mother has played it for years, and makes it a point to tell me to buy a ticket. So I do.
The truth is that the lottery is a tax on the poor --poorly educated. The best way to make money with the lottery is to purchase stock in the companies that make the equipment to run a lottery. B>) Or for that matter, any gambling type of property, equipment, etc.
What my mother does not realize is that all of my success I have built using LESS THAN what she has spent playing the lottery for 30 or so years.
She'll insist is just fun... Well, I think I've just as much fun, doing it my way.
In fact, I am willing to make you this bet:
If you take a person at the age of 24 who has a full time job, smokes a pack a day, gambles once a month about $20 on the lottery and makes ONE foolish purchase of an electronic gadget a year. Take that person. Add up the wasted money, then in the next year put that money into an investment account, and in TEN YEARS they could retire on that same money IF they learned to invest it properly.
Well, these are the kind of thought that I live with and have been doing so since about the age of 22 or 23. Can't remember exactly when the 'light bulb' went off, but I am thankful that it did.
OOPS... I'm rambling... back to P31...
So, going thru the early steps instills two very important philosophies:
IT'S HARD EARNED MONEY.
Second, once you get it, it's just as important to learn how to keep it.
The reason I am following my format is the challenge of doing it as I say. Believe me, it has occurred to me to "drop a check" to the investment account and do the old math trick... Remember back in college where I had to prove a simple math problem. I'd go thru a page of setup and then "poof" a magic event and on the next page the solution to the formula.
I didn't want to do that here. I wanted to show each painful (and painstaking) step by step, where I have to solve problem after problem, to get to my goal.
I also wanted to share with you my failures. Most of the times overcoming failure is just as important as succeeding a time or two...
So, at times it may seem that I am doing more taking (or in this case) writing, and not much more. BUT, so be it. I am actually doing a lot of planning and thinking about the process.
Again, there are more ideas, but the problem is time. I only have about 10 hrs. in the day. So, I have to be able to do what I can in that time-span.
I cannot count on miracles. I am left to build step-by-step, as painful as it may be, one step-at-a-time. However, the challenge is fantastic.
I will keep at it! Hope you're having (will have) a good weekend.
Talk to you on Monday!
