Category Archives: Prosperity

GETTING YOUR IDEA TO MARKET AND MAKING MONEY

“Helping Others to Get More Green Using My Ideas in 2017!”

Yeah, this is my homey goal (or at least one of many!) this year.  I have been blessed to have been exposed to many industries, entrepreneurs, and have read many books and attended a bunch of workshops and seminars on making money.  Unfortunately, I have spent so much time working various jobs, reading books on making money, and attending training and speaking events that I haven’t made much money.  But, I have finally learned enough, including the “Multiple Streams of Income,” by Bob Allen.  Now, it’s time for me to teach others what I have learned so that they don’t waste the 40+ years  that I have invested in education, training, and learning about money-making.  And, I plan to make my own green (at last!) in 2017!

One thing I have learned is that some people (like me!) have great ideas, but didn’t do much, if anything, with our ideas.  An idea is just an idea that is worthless unless it is put into action to bring about change, improvement, make money, or help others make money or have a better life mentally, physically, morally, spiritually, or financially. Well, anyway, I do have a plan to do something with all of this information, knowledge, and input on at least having a home business whose expenses will allow me not to pay taxes.  Now, I have nothing against paying taxes; I just think that I have paid enough, and am willing to pay my 15% – 20% after I have made my millions!  Perhaps with Trump as President, there will be more opportunities for small businesses, and home businesses that can have a fair shot at becoming profitable entrepreneurs.  I learned some of this when I did income tax preparation for some fairly wealthy people.  When I did the income tax for a somewhat very wealthy man, he didn’t pay any income tax.  When I finished my first draft, I called him to give him a report.  When he asked me how much taxes he had to pay, I told him nothing.  I thought he would be shocked.  He asked me what was his taxable income.  When I told him, he said I was $10 off!  I had worked hard, figured, and re-checked my figures from his company income, his rentals, and other income, and was sure my figures were correct.  Then he blew me away with some information.

This client’s information floored me!  He told me that his daughter was his company’s bookkeeper and that she was married to an accountant who had already drafted his income tax return!  Then he told me he had a CPA who annually checked their work, and that he had a tax attorney.  Noting my silence, he then told me that every year the IRS audited him, and that he always hired someone each year who didn’t know anything about his operations in order to get a fairly honest tax return that he knew would be audited!

When I returned this client’s books to him and his final tax return, I was curious about how he could make SO much money, and not pay taxes.  I will never forget that conversation.  I will share a little with you, the reader:

ME:  How could you make so much money, and yet not pay any income taxes?

HIM:  I pay my taxes by paying my daughter, by paying her husband, by paying my CPA, and by paying my tax attorney.  They, in turn, spend the money in our area which helps our economy.  If I pay a lot of income taxes to the federal government, they don’t use good economic sense.  They just give away money into worthless social service programs, and help foreign governments, but don’t invest the money to really help the American economy.

ME:  But don’t you feel bad by not paying federal income taxes?

HIM: No, I spend my time doing everything legally because I know I am going to be audited EVERY year.  I keep a log of all of my travels locally and globally and track every penny earned and deducted.  I don’t do anything without thinking of a tax advantage.  Even when I need some groceries or anything, I figure out how I can go pass the store or stop, talk to someone about business, and on the way home, I make my stop.  The entire trip is tax-deductible and I keep a log of my mileage, where I went, and who spoke to.  When I want to take a vacation with my family, I don’t take a vacation; I take a business trip.  I figure out where I want us to go, check out to see when the location has business seminars, sign us up for seminars, attend at least ½ day of each day of the seminars, take the other 1/2 day enjoying ourselves, and then take people out for breakfast, lunch, and dinner.  The entire trip (vacation) is a tax write-off.

ME:  I want to do that.

HIM:  You can’t.

ME:  Why?

HIM: America was not made for wage-earners; it was created for entrepreneurs.  You have always worked for others so you are a wage-earner.  I am an entrepreneur, and America and the tax laws were made to benefit entrepreneurs.  Only entrepreneurs can benefit from our tax laws!

At first, I was angry with him, and at those who made a lot of money and didn’t pay taxes.  Later, I realize that he was right.  As long as I worked for others, I was helping them to bring their dreams come true, and I was a tax write-off.  If I didn’t make enough to cover my wages, AND make the other person or the company I worked for a profit, they didn’t need me.  But, as long as I was making them money beyond what they paid me, they would keep me on, paying me just enough to keep me on, perhaps giving me awards, but not enough money for me to really get ahead and stay ahead.  Usually, they didn’t care about my family, my needs, or my dreams—that was my responsibility.

I am glad for that conversation with that client.  I am glad for the books read, meetings I attended, and getting experience from a lot of different jobs.  I know a lot about how much (or little!) people make from a lot of industries.  I have seen hard-working people lose their homes, lose their cars, unable to help their children get into college, and not have enough money to take care of their own health, or pay for great legal advice when needed.  If these people would have had a successful home business, and/or had some entrepreneurial training and had a great money-making business, there would have been a different ending for these families, and would have set their descendants on an entirely different financial path.

Many late-arriving immigrants seem to have learned what many native-born Americans have not learned: share housing as much as possible with others living together, save money until they can really afford to get a place of their own; work whatever job they can, including working a second job, and learning how to have their own business (often with help from other native-born business people and/or their countrymen).  Perhaps if more native-born Americans would spend fewer hours watching television and listening to music, and more time learning on a second job, AND attend meetings on how to have a home business or make extra money, they could be as successful as many legal (and illegal!) immigrants.

At the same time, many native-born Americans have great ideas as has been shown in developments in the space age, in music, in agriculture, in technology, and in so many other areas.  Others have had great ideas, but didn’t know how to protect their ideas and became discouraged; some others shared their ideas, and had them confiscated; and then there were many others who didn’t know the steps to get their idea from conception to successful marketing and gave up.  Well, at least, I can help some of them with some steps that I learned from a recent AARP Bulletin:

GETTING YOUR IDEA TO MARKET AND MAKING MONEY

  1. Believe that your idea will lead to a product that can solve a problem for many people
  2. Begin saving money for fees ($65 for a provisional patent application; $400 for most people; $800 for nonprofits and small businesses; and $1,600 for regular application; and several thousand dollars to hire a patent agent and/or patent attorney)
  3. Research on Google Patents or the United States Patent and Trademark Office website (uspto.gov) to make sure your idea has not already been developed, or is somewhat very different from a patented idea like your idea by looking at drawings of other similar inventions
  4. Do a detailed drawing of your idea
  5. Create a prototype and a marketing plan
  6. Get connected with a professional patent agent and/or a patent attorney
  7. Apply for a patent within a year of sharing your idea with others at uspto.gov, utilizing all of their resources, including the Inventors Assistance Center, as well as connecting with the United Inventors Association of America (an inventor club helping members)
  8. Get input from trusted family and friends who will not reveal anything, and if necessary, get nondisclosure agreements
  9. Be patient, as the process of steps one through seven can take at least twelve months; step eight will take another year and a half before you hear back with a provisional approval; and then another six months before receiving a final decision—if over 65, ask to be fast-tracked
  10. Shop your idea around for licensing and manufacturing partners now that you have applied for a patent
  11. Connect with other production and distribution experts
  12. Develop a product name that people will easily remember and submit application to the USPTO (plan on spending anywhere from the $35 registration trademark fee to several thousand for legal protection fees)
  13. Settle on a company to license, manufacture, and market the product, and
  14. Work to get inventors’ royalties, which may be between 7 and 10 percent.

(Adapted from “How to Patent Your Million-Dollar Idea” by Kimberly Palmer, AARP Bulletin, October, 2016)

 

 

 

 

 

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The Trump Revolution

American voters have elected their 45th president—Donald Trump—a political revolutionary, and the most least likely person to have been elected to preside over a much divided, multi-cultural, multi-ethnic, multi-agenda people.

When the dust has settled and pundits examine how a person with better political experience, and more money—former Secretary of State Hillary Clinton—could have lost, they may find that the general mood of the American public was distaste.  There was distaste for the debt that the professional politicians have allowed America to fall into.

Such distaste has had many fronts.  Distaste for the in-fighting and long-term control professional politicians have had among themselves, without showing much interest for the mass of Americans not connected to the political machinery.  Distaste for how the professional politicians have allowed such poor treatment of its veterans.  Distaste for the debt that many American students have found themselves in, while the professional politicians have grown rich with their connections.  Distaste for the ever-increasing employment and support for illegal immigrants while native-born Americans lose homes, cars, and even their own self-respect due to severe underemployment, or growing unemployment.  Distaste over the abundance of goods bought from other countries, making some American retailers very wealthy, while American factories continue to shut down and/or fail to regain profitable operations.  Distaste over how many foreign governments America has helped without a sufficient reciprocal return on the investment of capital and loss lives.  And, distaste on the inability of America’s professional politician’s inability to negotiate the safe return of American citizens taken captive by ruthless dictatorial groups.

The win for Donald Trump for President may have been a vote against the professional political machinery, as well as a vote FOR the Republican Party.  Many Republicans did not (do not!) like Donald Trump.  However, many faithful Republicans voted Republican which helped to carry Mr. Trump into the White House.  They might not like Donald Trump, but they would rather have any Republican as President as an attempt to have a return to more sensible and historic American values that honor the traditional nuclear family; hard work up rather than a weak hand down; strong economic development over socialist-type social programs; a stronger military; favor for 2nd Amendment rights; and an opportunity to use one’s potential to make as much money as possible without the frustrations of government controls that inhibit such.

Donald Trump has made a lot of mistakes as a husband; some serious mistakes in dealing with contractors; created serious human rights’ errors in dealing with immigration, Muslims, and Latinos; angered women with his statements and too much “hand’s on” with them; frustrated the Republican Party; and made many in the media turn against him.  However, he presented himself as a much-needed (and wanted!) political revolutionary that the masses of the American populace wanted.  And, these voters were willing to take him with all of his personal and social faults in order to join him at snubbing their bruised noses at the professional pollsters, professional politicians, and even the professional media.  Only time will tell if they made the right choice—beginning with his cabinet choices, advisors, his first 100 days in office, and his positive accomplishments during his term (or terms) in office!

Tamina, Texas is just one example!

Some people could not find the story that I was referring to as an example of how wealthy communities refuse to help their historic, poor communities.  Thus, here is the website: https://communityimpact.com/houston/the-woodlands/news/2015/12/09/tamina-community-faces-challenges-as-area-expands/

(picture from world hunger dot org)

Here is my response to a story about a poor, black community surrounded by the wealthy north of Houston, Texas:

It is SO easy to blame the victims of society for their illnesses, poverty, crime, and living conditions, rather than to get to the root of the problem.

First, Marie Leonard is to be commended for having the fortitude to even tell this story. This is a story that troubles the conscience of those who are doing well, and care little for those who have not developed to their position of doing well. The story is also an embarrassing one to the very successful surrounding towns, and an embarrassment to Montgomery County.

Second, those who have not walked in the shoes of those who carry generational curses, historic frustrations, lack connections to those with resources, and continue to endure racial discrimination from those unwilling to help more, find it easy to throw stones at those who continue to seek help for self improvement.

Third, crime is often an issue for those who don’t know how to develop their moral fortitude, are not connected to positive role models, live in anger and frustration, and find it easier to take from others, including those who hurt as much as they do. When former Governor Ronald Reagan met with a key leader of the Los Angeles riots some years ago, he asked the leader (without any news media present) what the leader wanted in life. When the leader saw that Governor Reagan was genuinely interested in his future, he shared his heart. Without trying to do a “program make-over” of this young man, Governor Reagan quietly shared the young man’s story with those with resources. They reached out to the young man with an open understanding of his felt needs (Maslow?). They used their resources without strings attached. Soon, this young man was enrolled in college, went on to get a university degree, began to share the frustrations of young, African American men in his community who were like him, and was taught how to use the American free enterprise system to develop his latent talents.

It didn’t take long for this particular former gang member, criminal, and riot leader to write a book. He was offered a professorship at a prestigious university after earning his doctorate, and was asked to speak to others in education and economics. He traveled to Africa and other countries and discovered that he lived in one of the best countries in the world—a country that was not perfect, nor a country that had rushed to solve its racial discrimination against African Americans, but a country still in development, with some willing to reach out to help individuals like him.

Along the way of this young man’s development, some of his former gang members became concerned, and continually tried to get him to help them with their criminal plans to “pay the white man back” for slavery, segregation, racism, and being unwilling to help them get a piece of the action of American enterprise. The young man listened to them, but explained he was too busy with his education, enjoying his better living conditions, and learning how to succeed in “this white man’s world” to give leadership. A few understood, listened, and began to follow his new path.

Unfortunately, many others were so entrenched in their negative way of life that they could not see how they could ever achieve any “success” without money from drugs, prostitution, and other criminal activity. Some in this group went to prison; some died; and others are hopelessly homeless or barely surviving.

I wonder how many of those in Tamina would continue to commit crime if just a few people in The Woodlands would befriend them, showing them how to be successful in school and in positive talent development, and made the investment to build Tamina into a successful, planned community—with proper sanitation that could draw in development money? We have all made mistakes in our past.

It was a mistake to turn warriors from Africa into slaves, taking away their culture and language, and using many as breeding creatures to ensure the production of more cheap labor without any say-so regarding their future. It was a mistake to give slaves freedom without the resources for their development. It was a mistake for those with power over slaves and former slaves to hang thousands of them from trees just because of anger and frustration from those who could no longer legally control them. It was a mistake for the federal government to pull out federal troops after the Civil War just so a presidential election could be ensured without more delay, and not provide for the protection of slaves and former slaves from the anger of southern whites who saw blacks as the reason for their diminished income and control of their way of prosperous living provided by slavery.

It was wrong for those in control of education, economics, and personal development to keep proper education, good-paying jobs, decent housing, and a better future away from former slaves and their descendants, allowing anger and bitterness to smolder and develop violent criminals we continue to see in many of our communities. Such bitterness and anger has caused such criminal minds to take out their frustrations on members of their own society who often don’t have the resources to fight back. It was a mistake for those in power to keep resources away from communities developed by the children of former slaves until those with power forced such communities to fold, allowing those with resources to grab up the land for little to no cash investment.

It was a mistake for those with resources to again make millions, and perhaps, billions, from land owned by the children of former slaves without sharing such resources with those who had tried to developed towns where they could be safe and allowed to develop economic enterprises for the benefit of their children. However, we can no longer allow ourselves to blame the victims for their current conditions.

We can no longer withhold resources from other historically disadvantaged Americans who just want partnerships with their fellow Americans who have acquired much because they had access to information and resources for success without the chains of their past holding them back from acquiring the success in The Woodlands and surrounding areas. What a great opportunity we have to turn Tamina into a thriving sub-township that could show the world how some successful Americans made it possible for some lesser successful Americans save a small portion of their history preserved for future generations, and acquire just a little bit of the American Dream!

[To read the story that prompted this article, read the initial news article in “Community Impact” Woodland News December 9, 2015 at: http://communityimpact.com/houston/the-woodlands/news/2015/12/09/tamina-community-faces-challenges-as-area-expands/

Does God Want You Rich?

Does God Want You Rich?

Tai Lopez said: Warren Buffett, the world’s greatest investor said, “The more you learn, the more you earn.” However, Tai says that you can’t just learn, but you need a strategy, and then you must get around people who know how to execute, and immerse yourself in the skills of execution.

As I have learned, I have noticed that there are a lot of people in America, a great place to make money and get rich, but they (me!) have not put together strategies and execution to propel ourselves to greater prosperity. While others may poo-poo, and knock what they call “prosperity preachers” (Dr. Fred Price, Bishop I.V. Hilliard, Dr. Creflo Dollar, Kenneth Copeland, Pastor Bill Winston, Pastor Joel Osteen, Joyce Meyers, Jesse Duplantis,T.D. Jakes, and others), I did not get that memo that these were “prosperity preachers”!

I began following Dr. Price back in the 1980s and found his preaching very uplifting and encouraging. I must have missed his teachings that God wanted me rich! However, I read one of his books where he began to use his faith in God for more than salvation and a headache. He began as an average preacher with not much.  He began to question God about his state in life (the somewhat poverty state!) and was inspired to learn from those preachers who were in the “faith movement” and were doing well. He discovered that preached the whole Gospel, but was not afraid to talk about the blessings God has for His people.  Thus, Dr. Fred Price began to also take a new look at those Bible scriptures on health and wealth and wondered why only Heaven, Hell, sin, death, and blessings in the hereafter were the main parts of the Bible preached.

When Fred Price began to share the ENTIRE Gospel of the Bible, including being blessed (with opposition) while ON earth, his membership began to grow immensely.  Then came more criticism from those who shied away from too many Bible verses on being blessed while on earth.  Fred Price noticed that not many people criticized the Anglo American pastors and preachers who were doing well while helping their congregation and others.  However, as he began to have more than many people thought he should have, he came under severe criticism.  But, Fred Price was determined to preach the ENTIRE Bible, including the parts about salvation, living a righteous life, dealing with disasters in life—and, on the blessings of God.

After observing Fred Price, Kenneth Copeland, and others who were helping people, and yet were blessed with a better life than many preachers, I was encouraged to really re-read the Bible for myself and discovered that while everyone in the Bible was not wealthy, many people were, and God didn’t have a problem with that.  I also noticed that the Bible encouraged people not to seek for riches and not to fall in love with money.  So, I saw the caution flag on spending too much time just talking and preaching and listening to what others were calling the “prosperity message.”  However, as a person who spent much of my life among the poor and middle class, including preachers, I was glad to hear that I didn’t have to wait for the “sweet by and by” before the Creator would allow me to enjoy some of the blessings on earth.   I then noticed that others like Dr. Creflo Dollar, Pastor Bill Winston, Pastor Joel Osteen, Joyce Myers, Jesse Duplantis, T.D. Jakes and others were also doing well while touching lives and helping people in America and around the world.  Then it hit me!  Many “non-prosperity preachers,” “non-prosperity Christians,” and jealous people attacked the so-called prosperity preachers.  I wondered why, but found some more answers when I spent 8 years under the ministry of Dr. I.V. Hilliard of Houston.

I was introduced to Dr. Hilliard’s ministry through my daughter and her family who attended.  She warned me to just listen to his teachings, check out his past history, and observe his fruit.  She KNEW I would be somewhat taken aback when I discovered this man and the ministry lived well, had a jet, a helicopter, and some fine cars.  She asked me to just listen, read the Bible for myself with more opened eyes on ALL the Bible before I began my condemnation.

Sure enough, I was shocked at some of the teachings initially.  Then, I remembered the teachings I heard from Fred Price and others.  I did more thorough investigation of the Bible, Bible history, and many Christians who had a measure of prosperity.  I discovered that Bishop Hilliard spoke about sin, living right, not going after prosperity for prosperity-sake, and not give to God hoping to get something in return.  However, he did share Scriptures on how God had promised to bless people who obeyed ALL of His Word, including giving, not to get, but in obedience to God’s Word.  Dr. Hilliard also taught that God knows our hearts and if He detected that any Christian was going after prosperity for selfish reasons, then that the prosperity and/or ministry of that person would not last long.  It seemed that God was looking at our motivations rather than our desire to be more prosperous in order to be a greater blessing to our family, expand the work of ministry locally and around the world, to help the poor, to train people on the WHOLE Bible, and not to get mad at God if we didn’t get rich!

So, through being around wealthy people, poor people, prosperous preachers, poor preachers, and all in between in the various churches I observed or worked in, I have discovered that if we desire to please the Creator, have the right knowledge, right strategies, and surround ourselves with positive mentors and teachers, our lives will be abundantly blessed.  I also learned that prosperity is more than having money and stuff, but prosperity can be in good health, being able to do more for family and others, and to share the Good News that God loves people, and He wants them to live in harmony—now, and in the future.  If that living on earth means that I may never be rich, but am blessed in my relationship to the Creator, family, and others, I am, indeed, very prosperous!

If you want more prosperity in your life, here are some keys I have learned:

  • Don’t make getting rich your goal;
  • Don’t walk on others in order to get rich;
  • Don’t sacrifice health, family, or friends in order to get rich;
  • Do understand that being rich in having needs met is also a way of being rich;
  • Develop a plan to help others get more of what they want in life, and you MAY get more of whatever it is that is positive that you want in life;
  • Do educate yourself and develop strategies on developing your talents in order to help more people; and
  • Do surround yourself with positive mentors who have achieved a measure of success, and willing to help you become more positive, even if they do share the “Prosperity Preaching!”