Blog

Building Wealth Via Buisness ownership

Eliminate Debts and Accumulate Assets To Build WealthBuilding wealth takes time, effort, and discipline. The good news is that there are strategies that can help anyone build and preserve wealth over the long term. The earlier you start putting these into practice, the better your chances of success.The first step is to earn enough money to cover your basic needs, with some left over for saving. Building wealth over time requires an understanding of how to save and invest wisely, safeguard assets, and manage your debts. Most of all it takes discipline and patience.It’s important to manage your debts, taking on too much debt could impede your progress toward your wealth-building goals. To manage debt, be mindful of your debt-to-income (DTI) ratio and make sure that your debt payments are manageable within your budget. You should also aim to pay off low balances as quickly as possible and use the freed-up money to pay on larger debts.Eliminate Debts&nbsp;The main reason most people cannot save or invest is because they have too many unnecessary debts and a lack of money management skills. If you are deeply in debt the first thing you need to do is to figure out where you are, then figure out how to reduce and eliminate your monthly debt load. The objective is to eliminate your debts as quickly as possible. First, make a list of all of your monthly debts, do not include things such as utilities or rent payments. List each creditor in order, from the smallest balance to the largest. Focus on paying off the smallest balances first and work your way up to the largest. As you pay off one account put the money towards paying off the next lowest debt. Keep doing this until you have reduced or eliminated your debts. Do not get any new debts in the process; this will only defeat the purpose.&nbsp;If you cannot pay on all your debts each month, make sure to pay those that are in good standing first and negotiate to pay your other creditors a lesser amount, or to pay them later. Make it a point to always keep your good accounts in good standing. Remember, the less debt you have the more money you will have for investments. It is almost impossible not to have any debts, but it is possible to have a lower debt load that is easily managed. The formula is simple, spend less and save more.&nbsp;Invest In Assets&nbsp;Assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simplistically stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset.The reason most people never accumulated wealth is because they “believe” they cannot afford to invest, though most people can afford to invest in assets. Investing is a matter of belief. Too many people are willing to pay for a new television, unnecessary car payments, unnecessary cell phones, and other non-essentials, but they are not willing to invest this same money in to assets such as real estate, mutual funds or individual stock purchases because they have been programmed to believe that they can or will lose their money, when in-fact they are losing money on the non-essentials that have absolutely no potential of future gain.&nbsp;Too many consumers let the media scare them away from investing while steering them towards spending. In general, many people will act based on what they see or hear and rely on media sources to provide them with information that will trigger them to take action, whether the information is relevant or not, a certain number of consumers will respond without investigating. For example, people will rush to purchase the newest cell phone even though there will be plenty of them available at lower prices a few weeks later, or people who will not invest in the stock market because they heard on the news that the stock market is going down, not realizing this may be a good time to purchase certain stocks at a lower price, or they here about the falling real estate prices and decide it is not a good time to buy, when in-fact it is the best time to buy.An example of how you can benefit from bad market, or company news when a company’s stock down because they are experiencing financial difficulties you can start accumulating the stock at discounted prices and hold the stock until the price goes up again. In some cases, you can find stock below two dollars per share.&nbsp;Start accumulating as many assets as possible. This should consist of real estate, stocks, gold, silver, or anything that has future value. There is no guarantee values will not go down, but if you diversify your investments and hold for the long-term, you will be better off than you will be if you do not invest. Building personal wealth is process that if done correctly, it works.

How To Start Building Wealth

&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;What Is Generational Wealth?Generational wealth has become increasingly talked about in recent years, referring to the passing down of financial resources over multiple generations that can lead to financial security for families. It involves the accumulation of financial resources over multiple generations, allowing for an ever-increasing level of prosperity and security for families over a period of time.The most common forms of generational wealth include real estate investing, stock market investing and other forms of passive income such as businesses, rental income, intellectual property rights.&nbsp;Consistently taking small steps will add up over time, resulting in gains when done correctly. This allows you the ability to potentially leave something behind for future generations. Generational riches are the amassment of resources over a period, which can be passed on to posterity.By understanding how to build generational wealth, you can create a legacy for your family and ensure financial security in the future.How to Build Generational WealthGenerational wealth is an important part of creating a lasting legacy. It takes time, dedication, and the right strategies to ensure that your family’s future financial security is secure.To Build Generational Wealth1. &nbsp; &nbsp;Set realistic financial goals for yourself and your family. Set clear objectives that will help you focus on the big picture as well as provide motivation when time gets tough.2. &nbsp; &nbsp;Start Investing Early in products that offer compound interest over time. Invest in IRAs, 410(k)s, real estate, debt securities, and businesses. Creating multiple income streams gives you more options for generating cash flow in the present and future.&nbsp;Financial literacy is integral to building generational wealth by providing insight into strategies used by those who have achieved success. Take advantage of any opportunity available at hand that may add value toward a better understanding of finances, such as learning from books, attending seminars, taking courses, joining investment groups or listening to podcasts. Educating others helps promote awareness regarding finances amongst families and friends which could potential open new doors leading toward further success.Realizing economic stability for posterity necessitates a comprehensive grasp of the notion of generational wealth and its implementation.&nbsp;To build generational wealth, set financial goals, start investing early, inform responsible parties (family) how generationsl wealth works, set up a Trust Fund that will manage the assets, and create multiple income streams that flow to the Trust Fund. Being financially knowledgeable can be instrumental in achieving long term prosperity. Be sure to consult an attorney that specializes in setting up trust accounts.

What Is Generational Wealth?

What are digital products?Digital products are intangible goods that exist in a digital format. This includes eBooks, music, digital art, software, online courses, and virtual goods. They're typically delivered to customers via download or email and offer businesses a way to provide value without physical inventory.&nbsp;Why you should sell digital productsBecause digital products offer the potential for passive income, since they can be created once and sold over and over to different customers without needing to have an inventory or deal with order fulfillments. &nbsp;Since you don't have to create your own digital products, it is easy to make money by selling other people or businesses digital products. Internet technologies give you access to an extremely large audience. If you know a little bit about marketing, you can use that access to earn revenue selling various digital products. This, however, might seem easier said than done, especially when you don’t know what it is you can sell. It’s expected that digital products sales will exceed six trillion dollars in 2024, so now is the time to start get started. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Some of my "best" selling digital productsHow to courses, eBooks, tutorials, real estate investing courses, wealth building courses, credit management courses, memberships, and spreadsheets.&nbsp;&nbsp;Benefits of selling digital courses&nbsp;Scalability: Digital courses can be sold to an unlimited number of consumers without the need for physical space or resources. Flexibility: The flexibility to create courses on a wide range of topics and update content easily. Reach: Digital courses have a worldwide reach, allowing access to a broader audience beyond geographical limitations.&nbsp;How to Start Selling Digital Products &nbsp;Identify a problem that you would like to address. For instance, if you want to let people know how to invest in real estate, you would be helping them by providing them with a course in real estate investing. There are millions of people that want to learn how to do certain things but don't know where to find the best and most reliable information. Your job is to find it for them and sell it to them. And the best way to reach potential customers is to create a website and market your website via Facebook, TikTok, and other social media websites.Remember, it’s a numbers game and your objective are to reach as many people as possible. Do your research about digital marketing, get educated, and start making money.

Why You Should Be Selling Digital Products

<section id="page-block-0" class="z-30"><div class="relative z-10 container mx-auto px-5 md:px-6 pt-10 pb-14 lg:pt-14 lg:pb-28"><strong style="font-family: var(--head-fontFamily); font-size: calc(32px * var(--head-fontSize, 1)); font-style: var(--head-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));" data-mce-style="font-family: var(--head-fontFamily); font-size: calc(32px * var(--head-fontSize, 1)); font-style: var(--head-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));"><span style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));" data-mce-style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));">What is Wealth?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <span data-mce-style="font-family: var(--head-fontFamily); font-size: calc(32px * var(--head-fontSize, 1)); font-style: var(--head-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));" style="font-family: var(--head-fontFamily); font-size: calc(32px * var(--head-fontSize, 1)); font-style: var(--head-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));"><span style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));" data-mce-style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));">&nbsp;M<span style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-weight: inherit; font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));" data-mce-style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-weight: inherit; font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));">ost people think of wealth as an abundance of material riches. In reality, wealth represents what we put our trust in and where we derive our strengths and abilities to help others. Perhaps this is what is meant in the Bible when it states, “Don’t store up treasures here on earth, where moths eat them and rust destroys them, and where thieves break in and steal them. Store your treasures in heaven where moths and rust cannot destroy, and thieves do not break in and steal. Wherever your treasure is, there the desires of your heart will also be.” (Matthew 6:19-21)&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;You<span style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-weight: inherit; font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));" data-mce-style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-weight: inherit; font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));"> have a choice–will you put your trust in worldly wealth, or will you get your strength from God? Will you hoard your material possessions or use your wealth to help and defend others? This blog will help you understand and use your wealth wisely. Listed are my top four forms of wealth.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Your wealth is a tool that can be used to help others. First you must determine what type of wealth you poccess. Your wealth can be material or non-material. You can use your money, talents, or skills to help others.&nbsp; &nbsp; &nbsp;&nbsp;<span style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-weight: inherit; font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));" data-mce-style="font-family: inherit; font-size: calc(18px * var(--body-fontSize, 1)); font-weight: inherit; font-style: var(--body-fontStyle, normal); background-color: rgba(249,250,251,var(--tw-bg-opacity));">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 1.Personal Values - Your values can be a be a greater wealth than monetary values. Your values can go a long way in helping people. When you present yourself in positive way and others pick up on and pass your values on to others, this a high level of wealth distribution.&nbsp; &nbsp; 2. Academic Wealth - Your knowledge or specialized knowledge&nbsp; is wealth that can be shared to help people improve their lives.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 3. Consciousness Wealth - Your conscious of external objects, facts, life, or awareness can be used to help many people have a better life.&nbsp; 4. Monetary Wealth - Your money can go a long way when used properlty. You can donate to worthy causes, help start businesses, help feed people, help get people elected to public offices, and many, many, other things that can have short and long term effects.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;My point is, wealth comes in various forms and fashions, and can be used in many ways to make and influence changes in your household, community, and even the world. Therefore, most individuals have some type of wealth that they can contribute in order to make a difference.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</div></section>

Determining Your Wealth

<section id="page-block-0" class="z-30"><section id="post-content" class="relative z-10 cursor-text"><div id="post-content-container" class="relative z-10 container mx-auto px-5 md:px-6 pt-10 pb-14 lg:pt-14 lg:pb-28"><div id="wysiwyg-toolbar-container" class="max-w-240 mx-auto"><div class="border rounded-md wysiwyg-editor website-wysiwyg rich-text-block max-w-160 mx-auto !border-none !rounded-none placeholder-current !ring-0 border-gray-300"><div id="tiny-react_39378164621715574978140" class="mce-content-body" contenteditable="true" spellcheck="false">Digital products are intangible goods that exist in a digital format. This include ebooks, music, informational guides, online courses, and virtual goods in video games. These products are typically delivered to customers via download or email, and offer individuals and businesses a way to make money without physical inventory.Digital marketing, or online marketing, is the promotion of products or services to connect with potential customers using the internet and other forms of digital communication. This includes email, social media, and web-based advertising, text and multimedia messages as a marketing channels.When you combine digital products with digital marketing you have the potential to make lots of money in a few months, and potentially a few weeks, depending on where you start from, your skills, and available resources.First of all, you do not need to created or products, unless you want to. There are thousands of products that you can sell that are created by other people and businesses, you determine what type of products you want to sell. Generally it best to sell products or services that you beleive in and want other people to know about, products that pay between $25 to $300, but focus on promoting the higher dollar products. Example: You are promoting a real estate investment course that pays $200 per sale and you are able to sell 100 courses per month (average), you will earn $20,000 monthly working from home. You can consider yourself in the marketing and promotion business.Scaling your businessYou can scale your business by adding more products and increasing your marketing efforts. Imagine, if you sell 500 products or services each month at $200, now you are earning $100,000 monthly. Scaling is a numbers game. You can sell more products at lower prices and still make $100,000 monthly. The key is incresing revenue and reinvesting in your maketing. The same strategy used by WalMart, Dollar General, and many other major retailers.Selling digital products does take some effort, but once you learn how to do it, it is easy money.Want to learn how you can start marketing digital products? Click on Income Opportunities in the menue and learn how you can earn up to $200 per sell, with or without a website.</div></div></div></div></section></section><h2> </h2>

GREENWAY CAPITAL MANAGEMENT

Blog

Building Wealth Via Buisness ownership

How To Start Building Wealth

What Is Generational Wealth?

Why You Should Be Selling Digital Products

Determining Your Wealth

Accelerate Your Way To Wealth With Digital Products Using...