Registrato: 09/07/19 08:01
|Did it have a profound significance to your current life situation? Let me share with you my recent experience in reading an old gem , The Art of Getting Money by P.T. Barnum. I had read the book at least a dozen years ago, but didn’t remember any of the content. As I opened the book I wondered, how can a book written in the 1800’s have any relevance today? Well, I was surprised to say the least…
P.T. Barnum outlines twenty rules for gaining and maintaining wealth. As I reflected on my life, the most difficult times came when I wasn’t following some of the rules. I have written these rules on a paper and will reflect on them when things are not headed the right direction. I will not list the rules here as I would encourage you to review this gem on your own. I’ve outlined two specific rules that were particularly poignant below.
P.T. Barnum discusses the problems that arise when using debt to increase your lifestyle. For real estate investors I would also say don’t over leverage your assets. I think of several properties were I leveraged too much. The properties were cash flowing and the market appreciating. Fast forward to today…rents have declined, expenses have increased and cash flow is gone…the market has corrected and the properties are underwater. Had I had stricter criteria for LTV (loan to value) I would currently have both cash flow and equity. Prior to making additional acquisitions I have set out strict criteria to avoid this in the future.
Additionally, I found when my cash flow was coming in and I had built significant equity, I was more inclined to increase my lifestyle. Proper money management with my real estate investment told me I should have kept more money in reserves, I did not. That is not to say I ran out and bought toys on credit, however I became a little bit loser with my personal finances. Prior to making additional acquisitions I have set out strict reserve criteria to avoid this in the future.
Entrepreneurs often find themselves dashing from one task to the next in an effort to put out fires. There have been many books written about “working on your business vs. working in your business”. Personally, the lack of systems has lead to long periods without marketing, inconsistent bookkeeping, and missed deadlines. I am committing to schedule time every week to put systems in place to take care of day to day operations. Ultimately once the systems are created, then I can delegate some of the responsibilities. In fact, it is lack of systems for most businesses that keep them small.
I recommend you read or re-read P.T. Barnum’s The Art of Getting Money. As always, read with intent to take at least one thing and implement it into your businessworklife.
For more info about real estate investments and investment plans, visit
Do you want to know about biometric test? Computers Articles | August 14, 2008
Biometrics is a dazzling word in the planet of science and technology. After the tragic twin blast in the United States of America, biometric test is getting a monumental attention all over the world ...
Biometrics is a dazzling word in the planet of science and technology. After the tragic twin blast in the United States of America, biometric test is getting a monumental attention all over the world by researchers, scientists and engineers. Everywhere in the earth and particularly in the western part of the globe, utmost importance is given to security to counter the likely treats from the extremist or militant outfits. We can see that biometric methods are spreading speedily at all safety prone spots such as airports, railway stations, bus depots, banks, and important government offices. While talking about any security lapses, then we can say that the biometric test conducted by the person is not capable of doing this test accurately.
India is facing lots of challenges like cross border terrorism, illegal migration from the bordering courtiers and **** trafficking. India is facing cross border terrorism mainly because of the boundary dispute with Pakistan that could not be settled for years. Old fashioned India’s security structure is changing slowly but steadily and is adapting the biometric methods. India is not having many institutes for research proceedings linked with biometrics and their premier institute, the Indian Institute of Technology Kanpur has started a dynamic and thorough research and is conducting biometric test with the fund allotted by the ministry of communication and information technology.
Recently I saw an article in a leading newspaper in India regarding irregularities in the biometric test conducted in a slum area in Chandigarh, a Union Territory. Residents of a colony staged a gripe show in front of the district collector’s office against the suspected indiscretions. The biometric test was conducted to check the level of masquerades. The allegation was regarding the ignorance of genuine people for the test. It was written in the article that the district collect had assured the agitated residents that no one will go scot-free in the drive.
International Biometric Group, LLC shortly know as IBG is the biometric trade’s chief self-governing amalgamation and advisory organization offering wide range of services to government and private segment customers. For nearly ten years IBG is performing biometric testing and had conveyed pioneering biometric test results to the US government. This organization offers business and scientific know-how in biometric test for large level recognition, system safety and control on right of entry to name a few. IBG has excellent practical experience with a large collection of biometri.