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You Could Be One Of The "Wealthy"

Guest post by: Michael Hume

Article Overview: The eerily-accurate economic and societal prophecies of Ayn Rand's "Atlas Shrugged" are coming true all around us, more and more each day. The liberal "statists," patient in their progressive plan to take over America and the global economy through "evolution" instead of "revolution," now have real control of the essential U.S. institutions... and they're coming for your money. But if enough of us resist the temptation to let them "take care" of us, we can keep them from taking control of us.

You Could Be One Of The "Wealthy"

It's Still Possible If You Take Personal Responsibility Start a business on the side, and work in your spare time to grow it. Put that extra money aside as a hedge against the evils of the day: layoffs, downsizing, cutbacks, inflation. Learn the investment secrets that your financial advisor only wishes she knew; learn how to be one of the informed few who profits from the coming economic storm when most others lose it all. And stay healthy enough to enjoy it long after others have become dependent on low-quality government medical care.

Sound like a lot of hard work? Some of it is... but these days, when you become an internet entrepreneur, what you invest in time, energy, and money comes back to you tenfold. And that's how you can be one of the "wealthy" society's liberal leaders resent so much.

The key is personal responsibility. There are two types of person out there: the Victim, and the Entrepreneur. The Victim assumes it's someone else's job to take care of him, and in times like these he quickly becomes dependent upon government beneficence. The Entrepreneur depends on herself, and often takes care of the people around her with her combination of business acumen and generosity. The Victim knows it all; you can't convince him there's any way to profit in economic times such as these. The Entrepreneur is a learning machine; she knows she has a lot to learn, but trusts that she can learn the secrets to wealth because she will persist until she does. The Victim takes what he can get; the Entrepreneur takes personal responsibility for making what she can make in her world.

The eerily-accurate economic and societal prophecies of Ayn Rand's "Atlas Shrugged" are coming true all around us, more and more each day. The liberal "statists," patient in their progressive plan to take over America and the global economy through "evolution" instead of "revolution," now have real control of the essential U.S. institutions... and they're coming for your money. But if enough of us resist the temptation to let them "take care" of us, we can keep them from taking control of us.

What can you do today to start on the Entrepreneur's journey? Think about how truly independent you are; consider whether you're exercising all the personal responsibility you can and should. You need to make yourself one of the wealthy. Your liberal brother-in-law will be needing a loan one of these days.

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Article Tags: government takeover, health wealth and happiness, inspirational leadership, personal responsibility



Related Forum Posts
Re: Marketing to Wealthy Consumers - Russell, I also wanted to add that you should market your luxury rugs as something "money can't buy". For example, you could offer your latest collection designed by those artists you mentioned earlier to preferred/repeat customers only (sort of like how you can't buy an Amex Black Card or Ferrari, they're "invitation only" with a set number of them issued). I think the key is to promote exclusivity and the fact your rugs are limited edition (e.g. only 3000 produced) rather than going with the "custom" route. The reason being that while "custom" is always fun, it's expensive to produce and there's no community behind it. Wealthy people enjoy knowing that they're a part of an elite community or that they're "special". It's like their social glue to connect with other wealthy folks. I feel that two rich people with a BMW 7 series will have more to say to one another than if one had a BMW and the other had an unknown expensive custom car. Even at tennis lessons last summer, I just so happened to make friends with a guy who drove a white Acura RSX (I have a red one). And when you brand your luxury rugs, you may want to consider using numbers or letters like luxury cars to appeal to status seekers.
Re: Securing Financing - well , All new companies need financing of some sort to launch operations. In some cases, entrepreneurs are able to simply dip into their existing personal savings accounts. For example, Jerry Greenberg and Stuart Moore, who co-founded Sapient Corp. in 1991, used $40,000 of their own savings and charged nearly $70,000 on their credit cards rather than seek outside funding for their new information technology (IT) consultancy. In other cases, entrepreneurs will ask a friend or relative for funding, as Gateway, Inc. founder Ted Waitt did in 1985, when he secured a $10,000 loan from his grandmother to establish his mail order computer business. Most often, though, new businesses will turn to outside sources such as banks and venture capital firms for startup funding. Because venture capital firms actually purchase a portion of the company they are funding, quite often they help to steer the firm's strategic development. Funding for firms which have not yet launched operations is known as seed money or seed investing, while funding for fledgling upstarts that have already opened for business is called early stage investing. Banks and venture capitalists also loan money to established businesses seeking additional growth; this process is known as expansion stage financing. Wealthy individuals who fund startups are sometimes called angel investors. To gain access to outside funding, entrepreneurs typically submit some sort of a business plan, which details exactly how a new or existing company will accomplish goals like launching operations, finding customers, making money, and expanding into new markets. Typically, the most successful business plans, at least in terms of securing funding, are those with a clearly defined target market. In many cases, once officials at a bank or other funding institution determine that a business plan warrants further consideration, they expect the individuals requesting the funding to pitch their ideas in person as well. Many investors also favor startups with experienced management, a diverse and qualified board of directors, and an exit strategy, such as a planned initial public offering (IPO), which allows investors to cash out in three to five years, if desired...............


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