I’ve got a really interesting topic that so many people make mistakes. It’s absolutely crucial if you’re in a business, in a company, starting your business, building your business. I’ll refer to it as listening to the customer. Everybody talks about listening to the customer, but why do so many companies and people get it wrong? Many companies, even very large ones, have no idea where their markets are, or who is in the market, or who might be leaving the market; who might be entering the … [Read more...] about 66 – Listening to the Customer
Today I’m going to talk about one of the biggest expenses a family ever has, and that is college, and the money it costs to send somebody to college. One of the big questions is, first of all: Is it worth it? Should it be done? Should somebody go? I want to discuss all of these. Colleges are forcing graduates into major debt. Is is worthwhile or are there better paths in life? Just an aside, colleges and universities are really in trouble right now. They’re bloated, and they’ve had … [Read more...] about 64 – College – Is It Worth It?
I want to talk about the rich. Not in the way you usually hear it, particularly during this politically hot climate. What I’m talking about is we should be, instead of condemning them or worrying about them, encouraging them and using them. That’s right, use them for our benefit. Why do we need to use and have the rich there? I want to explain that a little bit, but let me first tell you a little analogy. Think in terms of the lottery now. Separately from everything else. We have the lottery. … [Read more...] about 63 – The Rich – Use them for Personal, Economic and Business Success
Today I want to discuss something that really burns me when I hear about it. It’s such a labelling of a boatload of misinformation and bad information, and that is this expression: “Perception equals reality.” Come on. Get a life. I’d like to say it stems from some of the newer things that happened today where people are basically having some bad teaching, schooling, etc., but this stems way back. It goes back into probably the ’70s or ’80s even, where this was breeding, this kind of … [Read more...] about 59 – Perception is Not Reality – Why
Today I’d like to talk about a different topic that I’ve actually never heard before. Everybody has heard, of course, about compound interest. You know how you put aside so much money at a certain age, say 25, $100 a month, and you’d have 1.5 to 2 million dollars by the time you’re older. I want to talk about compound interest in reverse. Think, instead, of the bank. When you have debt, the bank has loaned you money or put it into an account to gain interest, just like you’re supposed to put … [Read more...] about 56 – Reverse Compound Interest can Kill You