How To Infuse More Life in Your Business!

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A friend of mine just shared this joke with me and I just had to pass it on;

An old Italian gentleman lived alone in New Jersey . He wanted to plant his annual tomato garden, but it was very difficult work, as the ground was hard. His only son, Vincent, who used to help him, was in prison. The old man wrote a letter to his son and described his predicament:

Dear Vincent, I am feeling pretty sad because it looks like I won’t be able to plant my tomato garden this year. I’m just getting too old to be digging up a garden plot. I know if you were here my troubles would be over. I know you would be happy to dig the plot for me, like in the old days. Love, Papa

A few days later he received a letter from his son.

Dear Papa, Don’t dig up that garden. That’ s where the bodies are buried. Love, Vinnie

At 4 a.m. The next morning, FBI agents and local police arrived and dug up the entire area without finding any bodies. They apologized to the old man and left. That same day the old man received another letter from his son.

Dear Papa, Go ahead and plant the tomatoes now. That’s the best I could do under the circumstances.
Love you,
Vinnie
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The moral of the story is: Wherever there is a will, there is a way – so never lose hope :)
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If you are like a lot of entrepreneurs in today’s economy, you may be wondering whether things will ever turn around. Will the “tight” economic conditions ever loosen up?

Folks, I’m here to tell you, “we have met the enemy, and they are us!” (Quote from Pogo)

For things to change I must change!  You create your own reality!

If you’re ready to get out of the doldrums, infuse more life into your business, regain the passion you once had, spend more time doing things you enjoy, making more money working fewer hours, then you are ready for Mastermind Coaching!

Just click on this link: Mastermind Coaching and SIGN UP NOW!

Who is A Typical Business Owner?

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And What Does He/She Want?

The Sad State of Business TodayWhen we talk about business today, are we looking at a plant that we’ve watered and cared for, only to wonder now if we can still keep it alive? If this is how you feel about your business today, take hope! You are not alone. In 2007, there were were 27.1 million non-farm businesses in the U.S., employing 117.3 million people and generating $30.0 trillion in business revenues. According to business surveys from earlier this year, more than half of all small businesses are “cautiously optimistic” about the future.
One of the interesting statistics I uncovered is that 65% of all business owners said they started their company because of personal passion. And even in today’s economy, 83% said that passion is still there today!
While there are still plenty of issues that are keeping business owners up at night, the chief concern being covering immediate expenses, 78% are optimistic that this year will be better than last, especially in their local economies.  Most of all, business owners want:
  • Confidence
  • Certainty
  • Time to work on their business, not in it
  • Greater efficiency (leverage)
  • More customers
  • More money!

If you’d like to download and read the full report, Click Here!

Creative Money MAGIK, Inc. is dedicated to empowering creativity and growth for socially responsible businesses.  We do this by offering information, education, training and support for enlightened business leaders.  For more information Contact Us.

The Importance of Personal Credit

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We live in a credit card-driven society.  Ever try to rent a car or check into a hotel without one?  Did you know that even your car and home insurance costs can go up depending on your personal credit?  Even some employers are now checking credit as an employment screen.

Sad but true, in today’s economy, a lot of people have had their credit trashed through no fault of their own.  One of the most obvious situations, which seems to be pretty common, is divorce or separation, where one spouse stops paying the bills and it affects the other person’s credit.  But here’s something more subtle:

Suppose you have a financial need or an emergency and you run your credit card bill up above 50% of the amount of available credit, and then you don’t pay it down the next month.  What credit card companies have been doing is lowering your credit limit if you use more than half the available credit.  Now, your “debt ratio” has just gone way up, and they take that as a signal that you are not as credit “worthy” so they raise your interest rate and up goes your monthly payment.  The scary part is that a credit card company can do this to you even if you ran up your bill on another credit card !  In other works, they can, and will, cut your limits and raise your rates across all the cards you own, even if you are not using them all!

How to get out of this financial dilemma?

I’ve found some tremendous resources that can help.  Check this out!

http://www.creditlinemillionaire.com/cm/?p=JV444&w=cvs

Why is NOW the best time to invest in commercial real estate?

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Here are four reasons why “America is for sale.”

  • About $124 billion of commercial properties have fallen into default, foreclosure or bankruptcy since prices started falling (in 2007)
  • Since the beginning of 2009, the average default rate on commercial mortgage backed securities has been 68% (this is expected to last until 2012)
  • Over the past year alone, delinquent CRE loans on income-producing properties have risen by 250% to $44.8 billion.
  • Prices have fallen so far that about $1.3 trillion of properties have either lost their owners’ down payment or are close to it.

There’s about to be a major transfer of wealth from those who have had their turn to those who can now act on this window of opportunity.

To learn more, please leave me a note and I’ll get back to you with opportunities to take a peek at.

Welcome to Creative Money MAGIK!

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Creative Money MAGIK started a number of years ago when I became interested in working with entrepreneurs and investors.  I discovered that people needed basic education about how to make money, how to invest money and how to achieve financial freedom.

I’ve been on that path of discovery myself. I’ve had good years. I’ve had bad years. It took me awhile, but I finally figured it out.

My journey took me through 15 years of entrepreneurship, working with over 65 start-up companies and educating thousands of business owners. I raised seed capital for 11 of those 65 companies and authored a book on business planning.

I stumbled into real estate in 2003 and became a full-time real estate investor in 2005.  In three years, I did over 25 residential deals and amassed almost three-quarters of a million dollars in net worth.  Then I lost it all.

When I got back into the game, I was both smarter and wiser. Alas, it was the end of 2007 and the market had just executed its now famous nose dive.  The bottom fell out of the residential mortgage market.  The rest is now old news.

While it took the government over a year to acknowledge that we were actually in recession, some of us got it right away! It’s taken me the better part of two years to climb back out of my hole, but when I got my head above water again and looked around, I noticed “the perfect storm.”

Did you know that between now and 2015 approximately 68% of all commercial mortgages are coming due.  And did you know that as of today, a large proportion of those mortgage balances are now greater than the value of the commercial asset?  While some analysts are saying we’re in economic recovery, others are saying we’re in the eye of the storm.

Whichever turns out to be the case, NOW is the perfect time to be investing in residential and commercial real estate.

I am now wholly focused on commercial real estate.  If you’d like to know how you, too, can be part of the biggest transfer of wealth of the century, check out this blog often.  You’ll find economic news, real estate news, trends, quotes, opportunities and maybe even deals here.

The future is ours to create!