30-50% Retirement Account Returns Are Possible This Year

Lots of people did.  I used to be sorry I didn't pay attention
Now I'm glad I know what to do.

"The first rule of investing is that you should never invest money that you can't afford to lose. The money you invest should not significantly change your lifestyle, if it were lost. If you invest with "scared money"—money that you can't afford to lose—it may affect your judgment and cause you to make poor financial decisions. People who invest with money they can't afford to lose usually make emotional decisions (based on fear of loss) that negatively affect their investment returns."

Investing in Your Own Business vs. Investing in Someone Else's Business

If you own a business (self-employed or entrepreneur), then you already have an investment asset that can yield an extremely high ROI. In my personal opinion, it's better to invest the majority of your assets back into your own business, provided you know how to grow sales and revenue.

[I believe it's Warren Buffet that said something to the effect of, "Put all your eggs in one basket and watch that basket very very carefully."]

Investing in someone else's business (which is what you're doing when you buy publicly traded stocks or bonds) is far riskier, in my personal opinion. As a small business owner, you understand your business intimately. Trying to familiarize yourself with someone else's business—especially when the owners/CEO's have an incentive to "fudge the numbers" to satisfy Wall Street—is more difficult and carries increased risk.

The Single Best Investment

I believe the single best investment is investing in yourself. Developing knowledge about investing, finance, small business, and sales & marketing is one of the smartest investments you can make. Your knowledge and skills are very big assets. And yes, they will pay dividends over time, if you put them into action.

[I paraphrased the following to make it more universal.]

If you know nothing about [those things], I recommend visiting your local library or bookstore and reading books on business that interest you.  Keep reading until you've gained a solid understanding of the what you'd like to do along with basic money management principles. [Begin to put the money management to work in your personal finances immediately].

One caveat: Realize that most information in books is "conventional," meaning it's what everyone knows (i.e. mainstream) [and many more are available only to sell are larger educational system].

To get better-than-average returns...

You must seek out knowledge that…

1.) other people don't have, or
2.) seek knowledge that other people have but don't apply (due to lack of self-discipline, greed, fear, time constraints, etc.). You must become good at application.



What You Can Do Now

If you'd like to be in touch with local resources to point you in the right direction, whether you're:

1.  Wanting guidance with what are good books to read.

2.  Wanting guidance about a business you've thought about starting.  I've always given the advice, which

3.  Wanting guidance about increasing your business.

4.  Wanting to decrease the costs associated with your current business.

5.  Wanting to increase the professionalism of your home-based or part-time business.

6.  Wanting technology assistance for your small business.

7.  Wanting other guidance (bookkeeping, accounting, retirement, legal, insurance, real estate, and more).

That's just a bit of what we do at the Beltline Business Center.

Do what you love.  We help with the rest.

We've co-sponsored a workshop this weekend (Feb. 21st) in Madison on retirement plan investing.  If you have a business, I have at least 3 ways for you to begin to increase (or start) a retirement plan using what you're already currently doing.

Call or use the link above to register yourself for the event this Saturday.  Plan to spend all day so that you can get the most value out of it.  We can sit down either this week or next to talk in detail about your business.

Angie Garey, Executive Director
Beltline Business Center

Name Sales End Price
Register Ended Free

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