The business thread

**Millsz_one** · 10-13-2009

I think financial sense and business is a big issue for the 'indigo' generation, YES ITS A LABEL THAT IS LIMITING im using it so that I can use the english language to express myself.

I wonder if we could provide members with some advice on creating and running small businesses, managing finances or some good resources to help people.

A study has revealed that there is a huge increase in entrepreneurial small business owners in Generation Y. Some say it is due to laziness and a brat attitude. That may be true. Most who apply themselves to small business and aren't afraid of failure are becoming quite successful. Its all about what you know and having the courage to keep moving forward.

I think a common problem with the light and love, fluff brigade is that money and wealth is a bad thing. I wholeheartedly disagree. Greed has caused alot of problems in society, but so has the choice to be ignorant of the system and how to make the most out of it.

The problem with the love and light attitude is that it is not grounded. The fact is we live in a physical dimension, we consume and enjoy all the 'wicked' pleasures that it has to offer. If you want to be a shining example of higher consciousness you need to ground yourself first.

Anyone have any ideas they are working on? Or any questions?

One book that I found very helpful is rich dad poor dad by Robert Kiyosaki. A must read. It really is life changing.

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Another issue which sounds boring is tax and how you can get around it. Im going to go do some volunteer work in Nepal soon. Thats a tax deduction! I get to help people, have a holiday, and its paid for by the government. That is one small example of how you can make the system work for you.

**Sephish** · 10-13-2009

I've been contemplating doing tarot readings and shit. I love doing it and I'm pretty good at it so why not?

**Zaher** · 10-13-2009

For ppl who dont have a lot to invest in starting/running in small businesses I can suggest looking into forex. Takes dedication though to have it pay off but when it does your dedication will be well worth it. Dont just believe in luck and dont gamble however

**Millsz_one** · 10-13-2009

Yeah for sure. A big part of manifesting these sorts of ideas is focusing on them. Focusing on how much you would love to do them. The steps you need to take eventually reveal themselves to you. I think its really important to take baby steps. For every little step you take, huge things are happening behind the scenes for your future.

Whenever Im bored I think about how exciting its gonna be when I get a certain business idea happening. Or I try to think about new solutions etc. Its actually quite fun. Chances are, if you focus enough, you will find work or businesses that suit your personality perfectly. As long as you do them out of love. At one stage when I was really low and in a dark place, losing shit loads of money on the market... I asked my guides/higher self/whatever you want to label it, to give me 3 ideas that are perfect for me. In that dark place I wanted out so badly and wanted to find something that i enjoyed. I focused so much on it. All of a sudden 3 ideas came to me. Not straight away though but they came to me very clearly. I dont even know how. They fit me so well it was amazing.

The big problem is fear. People want to take the safe route and dont like to take risks. Guess its just a matter of taking the plunge and working on your art, whilst keeping it close to your heart

HAha that sounds so cheezy

I guess marketing is pretty important for this idea if you dont have a local shop or something that you can be a part of. Maybe you can do it from home? Maybe start with your friends and do it for free. They might spread the word for you.

Something like that that can be of service to people is not going to be hard to manifest imo. Those are the sort of ideas seem to have a little bit of extra syncronistic fuel added to them. Good luck!

---------- Post added at 05:22 PM ---------- Previous post was at 05:17 PM ----------

The reality is that fast money generally is bad money so it is a slow process. Much like planting seeds and watering them until they create a big ass money tree for you.

That means that you still have to do the hard yards, and you might still have to work for 5 years doing something that you dont like, just to raise some capital. Not everybody is lucky enough to stumble into large amounts of cash.

Personally I think that taking risks is actually good for creating wealth. Smart gambling like investing. If you want to stay on the safe side thats fine. Just know that you may struggle a little bit. Just be willing to lose money. Take stock of your wins, and learn from your losses.

**Zaher** · 10-13-2009

On taking risks....chances are at some point you are gonna have a loss. Whether that loss is huge or small can depend on how much you were willing to risk to begin with. On that note...dont risk more than you can afford to !

No need to cripple yourself

**Millsz_one** · 10-13-2009

Yeah your right. Its gotta be a smaller percentage of your earnings. Put as much as you can into assets that grow with time. Eg. Property, stocks. The more you learn the better you can manage risk.

---------- Post added at 05:36 PM ---------- Previous post was at 05:30 PM ----------

There is a game you can play called CASHFLOW 101, and CASHFLOW 202. This sounds extremely boring but its not. I used to hate this sort of stuff. Its kinda like monopoly and explains how people get stuck in the rat race. You can buy it on E-BAY or there are torrents of it out there if your that way inclined

**Zaher** · 10-13-2009

Why not cut to the chase and You just explain to us

how people get stuck in the rat race since im assuming you're familiar with this game?

**Millsz_one** · 10-13-2009

Well there is alot too it so there is only so much I can explain. Its kind of the game of life.

The biggest thing that keeps you in the rat race is not investing in things that accure wealth over time. If you focus on investing money whenever you can, it will supplement your income. To the point where eventually you will have more income being generated from your assets than your job. For example, if at 25 you put your $1000 into a high interest account that has compound interest, by the time your 60 that will become in excess of $500,000.

The rat race trap many get into is paying off a big house. That is not an asset. It is a liability. If i had the choice between getting one big house to live in or 2 apartments. I would get 2 apartments because eventually that would be able to pay off my dream home down the track. Not only will you have rent coming in, once you have become cash flow positive, you also have capital gains on the land. When you have paid off enough of the property so that you've got some equity, you can get a loan to buy another apartment without having to spend a cent or fuck around with too much paperwork. If your only asset is your home then you are a slave to your job, to the banks who credited your home, and to the government. Another myth is that you have to increase your salary to become wealthy. The more you earn, the more the government takes. You end up going round and round in circles, never really being able to get ahead.

The saying is 'dont work for money, make money work for you.' You still have to have a job, but your real business is in investing.

I know many trademan who get really big salaries yet they dont have the financial understanding and discipline to make their money work for them. Instead they buy the newest and best Ute every 5 years, or the newest flat screen TV. There is nothing wrong with buying stuff like that, as long as you are smart and informed.

Financial literacy is extrememly important. Do your research and understand the system. For example, one thing people dont realise, is that there is something called a depreciation chart. Every year your property loses value(the building), you can claim that as a tax deduction. Its a massive saving. Tax deductions are so important. They are especially beneficial if you create a corporation instead of working for a wage. You can deduct things as a business expense.

There is alot to it. The key is knowledge. Knowledge is not only power, it is wealth. People seem to not want to face it. They would rather take the safe road and live from cheque to cheque, always pining for freedom out of the rat race.

**cinders** · 10-13-2009

Originally Posted by Millsz_one

Another issue which sounds boring is tax and how you can get around it. Im going to go do some volunteer work in Nepal soon. Thats a tax deduction! I get to help people, have a holiday, and its paid for by the government. That is one small example of how you can make the system work for you.

Might want to check that out. I went overseas on a holiday and claimed it as business but I could only claim 33% of it as tax. I also had to keep a log. Also had to keep tax receipts and proof of the exchange rate on that date.

**Millsz_one** · 10-13-2009

Originally Posted by cinders

Might want to check that out. I went overseas on a holiday and claimed it as business but I could only claim 33% of it as tax. I also had to keep a log. Also had to keep tax receipts and proof of the exchange rate on that date.

I guess it depends where you live. Charity might be different to business expenses but 33% is better than 0%.

Frikkin hate paperwork but yeah you gotta stay on top of that shit.