Today, I spend tens of thousands of dollars each year on continuing education, including attending live seminars and workshops. And it pays off TENFOLD!
Why not put the money you just got back and invest it on your own future? Invest it into your mutual funds, or put it away into your retirement fund. Grow a nest egg that you can enjoy when you finally go into your well deserved retirement.
CTEC approved provider The Cash flow quadrant really sums up the essence of financial education success. If you focus on the left side of the quadrant then you can make an OK income but if you focus on the right side then you can become rich. Robert Kiyosaki points out in Rich Dad / Poor Dad that the left sides of the quadrant people make money, pay tax and then spend it. On the right side of the quadrant people make money, spend it and then pay their taxes. This is a huge difference and can be the biggest success lever in your financial arsenal.
If you do not want to buy a house to live in, you can buy one as an investment. Many of today’s real estate investors buy homes, make improvements and sell the houses for higher prices. This process of flipping houses is popularized on television. Home prices are dropping due to a housing slump but the trend may not last for long.
CTEC courses The next surprise comes when you start bringing in some business. The wicked surprise goes by the name “gross revenue tax.” In addition to your $800 annual fee discussed above, you have to pay a tax based on your gross revenues. The tax doesn’t start until you are bringing in at least $250,000 a year, but it is important to remember what we are talking about here. This is a “gross” revenue tax. An example will help explain the significance of this.
CTEC classes The base rate that they offer is called ‘par.’ Those of you who are golfers will understand the term. It means basically the base rate. Even. No adjustment up or down. That rate can go up for a rebate, or it can go down, IF you buy it down. Often when doing this you are only buying it down for a specific period so beware.
Employee Engagement – Organizations that have engaged employees grow their earnings per share 4 times more than organizations with disengaged employees. When I read this statistic, I did not believe it. I believe it now because we had an issue where one of our key thought leaders became disengaged and it costs us real money. I can tell you that employee engagement is the key to customer engagement and the 4 times growth number is probably low. The effect of disengaged employees on our company really put us back. Small business leaders need to focus on employee engagement to foster customer engagement which creates growth and new jobs.