Investing in a Car Dealer – How to Value Them

Most business valuations are influenced by the company’s historical financial statements, location, brand name, management, and other such factors. In fact, dealership balance sheets represent less than half of the information needed to give a car dealer an accurate estimate. A balance sheet is a starting point on which a number of factors must be added and subtracted to determine the true value of an asset.

The assessment of new car dealers is related to the forecast of future earnings and opportunities based on the “dynamics” of the appraised private dealer company and the car business itself.

The Internal Revenue Service acknowledges that assessments cover more than just financial statements: “The appraiser must use his or her decision on the degree of risk associated with the issuer’s performance, but that decision must be related to all other factors that affect the value.” Income Rules 59-60, Section 3.03.

DETERMINATION OF MARKET VALUE

According to the American Institute of Real Estate Appraisers’ Dictionary of Property Valuation, the definition of market value is as follows: and a competitive market in all conditions that provide fair sales conditions, assuming that no one is under pressure. ” American Institute of Real Estate Appraisers, Dictionary of Real Estate Appraisers. (Chicago: American Institute of Property Appraisers, 1984), 194 195.

In Income judgment 59-60, The Internal Revenue Service defines a “fair market value” as follows: has relevant facts.

The purpose of Rule 59-60 is to provide an overview of the approaches, methods and factors that will be taken into account in valuing the equity of closely protected companies.

The methods discussed in the Income Rules apply to the valuation of corporate stocks where market prices are either unaffordable or too low to reflect fair market value.

The decision states that no specific formula will be developed to determine the fair market value of closely held shares and that the value will depend on the following considerations.

(a) The nature of the work and the date on which the enterprise is established.

(b) An economic overview in general and the state and outlook of a particular industry in particular.

(c) The carrying amount of the shares and the financial position of the entity.

(d) the company’s earning capacity.

(e) Dividend solvency. The ability to pay dividends is more important than the date a company distributes cash to shareholders, especially when valuing controlling shares.

(f) Whether the entity has goodwill or other intangible assets.

(g) Share sales and the size of the stock block to be valued.

(h) The market price of shares of companies in the same or similar field of activity whose shares are actively traded on a free and open market, either over-the-counter or over-the-counter. When it comes to the sale of an individual dealer, the best comparable is the amount that an open company pays or receives for the sale of a similar dealer firm, not much of the stock value or earnings listed on the stock exchange.

In practice, several different formulas have been used to achieve a fair market value for a new car dealer:

1. Investment return (or profit estimate) formula: The cost of a business to a particular buyer based on investment analysis income. This value varies from buyer to buyer according to the buyer’s investment criteria and may or may not reflect fair market value. The National Automobile Dealers Association (NADA) calls this value “Investment Value.” Seller’s Evidence for Assessing a Car Sales, NADA June 1995, Revised July 2000.

The capitalization rate is determined by the stability of the dealer center’s earnings and the risk in the car business at the time of sale, investment or valuation. This method is highly subjective because the capitalization rate is based on a particular appraiser’s perception of business risk; as a result, the less the appraiser accepts the risk, the lower the capitalization rate, and the higher the price that a potential buyer expects to pay for the work.

In short, the capitalization rate is the appraiser’s opinion on the rate of return on investment that will encourage a potential buyer to buy a dealership. Considerations include those set out in Income Rules 59-60 and the current profitability of alternative investments.

2. Adjusted net worth formula: The net worth of a company adjusted to reflect the estimated value of the assets used in the day-to-day operations of a business, assuming that the user or purchaser will continue to use the assets. Blue “blue” or good intentions will be added to this “net worth” value. The “adjusted net worth formula” is the most common method used in buying and selling a new car dealership.

3. Custom Cancellation Formula. This method evaluates assets as if they should be sold regularly and without time constraints, rather than as if they were all “on fire”. Normally, if the property is profitable, a certain value is placed on the goodwill.

4. Forced cancellation. Compulsory liquidation, which is the lowest of all values, means the sale of all assets by auction, the sale of a creditor, or the forced sale by a bankruptcy court. The bankruptcy process of a new car dealer almost never brings good luck. This may be the most appropriate formula if the Bayilik company does not have a lease (or a short-term lease remaining) and is practically unable to relocate.

5. Income Formula. The income formula basically takes the store’s profit and increases it with the appropriate capitalization rate. The trick here is the definition of “profit”. When determining “earnings”, a prospective purchase can use any of the following combinations:

(a) current earnings

(b) average earnings – add the last five years together and divide by 5

(c) weighted average earnings – generally multiplied by the inverse weight of the current year five, last year four, the previous year three, four years ago two, five years ago, then bring them together and divide by 15

(d) cash flow – net income and depreciation, LIFO, personal expenses, excess bonuses and similar agreed support

(e) projected profit – future projected profit that is reduced to its present value.

6. Fair Value. NADA also refers to a third value, along with “Market Value” and “Investment Value”, which it calls “Fair Value”. NADA describes “Fair Value” as “… mainly used when a minority shareholder objected to a company’s proposed sale in assessing liquidated losses.” and defines it as follows: “The value of a minority interest immediately before the transaction which the opposition objects to, with the exception of any increase or depreciation on the eve of the transaction, or without reference to the minority or non-market discount.”

NADA management says: It is not common for vendors to pass this special valuation standard. It’s the author never I have never seen this value used and used in connection with the pricing of car dealers.

As can be seen in this report, this author excludes what NADA describes as “Fair Value” when discussing assessments.

7. The theory of great stupidity. The publication of the National Automobile Dealers Association (A Salesman’s Guide to Assessing a Car Dealer, NADA, June 1995), bemuses, in part: “A rule of thumb is more accurately called a ‘more stupid theory.’ NADA dropped the phrase “stupid” in “Price per Car Sales: 2004 Update” and simply said the theory was “… rarely based on sound economic or valuation theory,” but told sellers to “go for it” and maybe someone would be stupid enough to pay. [it]. “

The considerations for evaluating new car dealers are more complex than those used to evaluate most businesses. Dynamics, such as the specific requirements of car manufacturers and distributors, can limit the amount of money that can be paid for a dealer, regardless of what buyers can offer pay the store money.

Therefore, the value of a new car dealer varies according to the needs and abilities of the buyer, and as a result, the same dealer may have two different prices for two different buyers, and both values ​​are correct.

Thus, our assessment of the subject seller should be taken into account in the context and constraints of the sales date and history of new car dealers, as shown here.

How Do Commodity Options Work?

How is the cost of an option calculated?

You must first understand the inner and outer meaning. The prize of choice consists of both of these values. Local – the cost of using the option in accordance with the futures contract and then offsetting. For example, if you have a soybean call on November 5 and the futures price for this deal is $ 5.20, there is an internal value of .20 for this option. Soybeans are a 5,000-pound contract, so 20 cents is multiplied by 5,000 = $ 1,000 for this option.

Now let’s say the same $ 5 soybean costs $ 1,600. $ 1,000 of the cost is internal value and the other $ 600 is external value. External value consists of the value of time, the reward of variability, and the requirement for this particular option. If there are 60 days left until the end of the selection, it is worth more time than 45 days left. If the market has large price movements from bottom to top, the volatility premium will be higher than the small price movement market. If many people get the price of this full holiday, this demand also artificially increases the reward.

How much will an option premium move in relation to a major futures contract?

You can understand this by finding the delta factor of your choice. The Delta factor tells you how much the premium change will be in your choice based on the action of the future contract. Let’s say you think the ounce of gold will go up by $ 50 / or $ 5000 / by the end of December. You got a choice with a .20 or 20% delta factor. This option should earn about $ 1,000 in the premium value of the expected gold futures price action of $ 5,000.

Can an option speculator make a profit before the intrinsic value of the option?

Yes, as long as the selection premium increases enough to cover your operating expenses such as commissions and fees. For example, you have a corn call between December 3 and December corn is $ 270 / bushel and your operating costs are $ 50. Let’s say you have a 20% delta of choice and the December corn market is moving up 10 cents / bushel to $ 2.80 / bushel. Corn is the contact of 5000 bush, so 1 cent is multiplied by 5000 = $ 50. Your selection prize will increase by about 2 cents = $ 100. Your break was $ 50, so you have a $ 50 gain that has no intrinsic value because you’re still out of 20 cents.

Future and option investments are very risky and only risk capital should be used. Past performance is not an indicator of future results. Cash, options and futures do not necessarily respond to similar stimuli. There is no guaranteed good trade.

Investing in Yourself – 3 Best Reasons to Invest in Yourself

It is often a good idea to invest. You can invest in real estate, stocks, mutual funds. However, you can’t forget to invest in yourself! Most people stop investing in themselves at the beginning of life, which separates those who do nothing, those who work for a new home worth millions! Since most people live in their early 20s and simply give up, it’s not that hard to get ahead of the game and become a leader in any industry or way of life. However, we will roll the ball by digging a little deeper into the terribly spreading art of placement.

1. Be at the forefront of the game – Start by increasing your education. Our brains are a powerful tool that can store a set of information, you just limit yourself without filling it. Take a pottery class or take an online course on personal finance or budget and other topics. Don’t just be mediocre! The only people in this world who will try to discourage you from investing in yourself are broken people!

2. Be a leader – If you speak better, know more, do better, and it is practically impossible not to be a leader in all the areas in which you are engaged in all these virtues. For example, if you are a nurse and only a doctor can answer questions, my only logical assumption is that you will see an increase in your income before the other nurses at the hospital where you work. It just makes sense! A few years ago, my knowledge of computers and marketing was fine, but after a determined effort to expand greatly in both worlds, they became leaders in both industries.

3. Trust – The power of faith is really remarkable. For example, I was afraid of math, even basic equations! I took the time and invested in my math education and taught myself online through Mathematics. This does not mean that I now love mathematics or that I am an expert mathematician who can solve linear inequalities immediately. But when I see an equation, I am no longer afraid of numbers. I am very confident in my mathematical skills that I will work hard enough and focus on it, I will find a comfortable answer. The strength of confidence is to think and give assignments that you can handle, even if it is hard and difficult.

If you go through the first three reasons to invest in yourself, you will quickly realize that these are the steps that need to be taken. Continuously increase your education and start creating waves in your sector. Then work from the bottom of the list eliminating issues that aren’t worth the fight. Finally, use the power of self-confidence and use it to continue the process!

3 recommendations for short-term investments

Today’s market is competitive, especially as the traditional system lags behind the global economy. Experiences such as international money exchanges, offshore investments and outsourcing opportunities are constantly changing the financial landscape – some for good and some for bad. But there are still opportunities, right?

In the recent past, many of us have turned to financial institutions such as banks and credit unions to manage our money. However, along with interest rates and bankruptcy documents, traditional investment opportunities are becoming obsolete as confidence in lending institutions grows. Well, how do you know who to trust and where to invest your hard-earned money?

Most financial advisors are still pushing for long-term investments, which are undoubtedly the most sought after for short-term and good reasons. Investing a small amount of money in a short-term investment can bring high returns in the short term, but it can also be a quick “game” for an unprepared investor. For this reason, we have prepared several recommendations for short-term investors; a little necessary effort to avoid common mistakes and get rid of losing your shirt.

  1. Do your homework

An effective investment requires a thorough investigation, including the collection of information about the market, company, and / or project you are investing in, and the likelihood that that company and / or project will succeed. Before you dive into an investment opportunity that seems “too good to be true,” keep in mind that sometimes these opportunities are too good to be true.

One way to protect your investment is to research the company or project you support. Make sure it is a reliable and legal transaction, check the reviews and look for fraud alerts on the internet. Once you are sure that everything is legal, make sure that the opportunity has a high chance of success and is on the right track.

  1. Don’t be a hero

The global market is full of innovative ideas, especially when it comes to technology. Crowdfanding has changed the way people view, find and support projects, but not every innovative project is successful. History repeats itself for some reason, and sometimes trends are short-lived.

Beware of investment opportunities that claim to have high returns in the short term. There may be a high return on investment, but there is also a risk of sudden bankruptcy for an entrepreneur who has nothing to lose. And you don’t want your investment to go bankrupt.

  1. Follow the money

Where there is already a steady cash flow, there will definitely be more. Of course, this is not always true, and businesses get into the worst situation from time to time, but it is unlikely that a company with working capital and assets for the most part will sink. So, if you see a good investment opportunity with a stable company, they will use your investment to run a short-term campaign for a specific project. This is a lucrative situation because they want to finance something they know will make money while taking advantage of their success.

Tips for choosing the best Investment Company

In terms of the best investment, many people do not know exactly where to start. Remember that investing is a tough field. Those who do not know exactly what they are doing can lose their hard-earned money. And that’s why most investors want to get help from a reputable investment company.

3 Important factors

If you are looking for an investment company, you need to identify 3 main factors. You must first clearly define your goals. Unless you have a specific goal, these experts can’t really help you. Second, the new investment must do a number of background research, along with the reputation of the company they want to work for. You need to make sure that you have the perfect experience and receive positive feedback from other investors. Third, you need to know the kind of relationship you want with an investment firm. Identifying these factors will greatly help increase your chances of success.

Choose your goals – Which investment firm your goals will have a big impact on? Most people today invest with three goals in mind – to increase their wealth using the smallest possible start-up funds, reduce their chances of risk or loss, and to hire professionals who can take advantage of all the great opportunities at their disposal. It’s actually good to have different goals; However, these goals should be clearly stated in a list before choosing a specialist to work with.

Do some research – Most people don’t really know how to do research in an investment company because they don’t invest. There are three things to consider when marketing materials, mass trading records and financial statements. All of these elements will give you a bigger picture of how well an investment company is doing. It is important for you to research how the company has performed over the last 5 years. Observe how the group operates when the market is both low and high. This information will help you evaluate your choices correctly.

Consider brokers – A small number of intermediaries are popular in most markets. New investors like you should be familiar with the career paths of the best brokers. It should be noted that it is normal for brokers to change companies from time to time. You need to know how companies operate when they work with such brokers. In addition, you need to be aware of how companies operate after a breakup.

If you want to increase your finances, consider investing. Make sure you work with the best investment company to ensure success.

What are the cryptocurrency breaches you need to be aware of?

Cryptocurrency scams have shaken the financial sector since the day bitcoin became popular, and it is estimated that more than $ 1 billion has been lost in such scams. At the same time, millions of people die each year from such scams. We expect you not to fall victim to such scams, and for this reason we present to you this article that will help you in one way or another to find many crypto scams that exist.

These are the types of Cryptocurrency Scams –

Gift scammers

It is incredibly rare for someone to receive a legitimate reward that will require you to send your money first. You need to be careful about this type of text message on social media. These can be derived from accounts that may seem the same depending on the species a person knows and really likes, but it will be part of the trick. As for the many responses that thank these accounts for their special generosity, they are just fake company accounts or bots embedded in sales fraud.

Fake mobile applications

After a client installs a malicious application, everything may seem to work as intended. On the other hand, these programs are specifically designed to steal your cryptocurrencies. In the crypto room, there are many cases where customers download malicious applications that their developers have forged as a large crypto company.

In such a scenario, when a user is offered a contract to fund a wallet or receive payments, they actually send cash to an address that actually belongs to the scammer. Due to the exchange rate, there are no refund buttons when transferring money.

Pyramid and Ponzi Schemes

In a Ponzi scheme, you can see an investment opportunity with a certain profit, which is the first red flag. In general, you can see this special scheme disguised as a portfolio management service. In fact, there is no magic formula in the office, the “income” obtained here is only the money of other investors.

In a new pyramid scheme, there is a bit more work required by the people involved. Typically, the pyramid will be the coordinator. Under these people, a certain number of men and women will gather to work at a certain level, and each of the men and women will earn their own number of people, and so on. As a result, you have an important structure that grows like a pyramid, resulting in overgrowth and new levels.

Making Informed Investments

Preparation is the name of the game. The Chicago Bulls would never have won six championships without the countless hours Michael Jordan has given to the gym all his life and the endless game planning he experienced before every game of his career. Such training, mixed with unnatural athletic ability, led him to the level of success he had achieved. However, in the world of investment, a person does not need to have a natural talent or ability. The main characteristics of a truly successful investor include knowledge and training. Today, even the most experienced and successful investors in the world are looking for ways to improve themselves every day. Not only do the best investors know what areas and when to invest, but they also know what they are in at any given time and are aware of the best types of investments for them. .

It is very important to be constantly aware of your financial situation throughout all aspects of your investment career and to recognize yourself as an investor from abroad and abroad when determining the level of risk you should take. If you are particularly interested in long-term investments that will provide you with a fairly moderate return on investment, there are many options for you. We all know that savings accounts with the lowest interest rates of our time are not an effective way to collect interest.

Personally, I believe that the two best long-term investments include bonds as well as certificates of deposit. CDs are as risky as they come. These are especially nice because they are insured by the FDIC for $ 250,000, so you are 100 percent sure that you will get your promised money back as you diversify the CDs you buy. I mean, when you buy CDs, you have to open a few of them, and if you want to be 100 percent sure you get the promised money on time, you should never let it reach $ 250,000 before the due date. It is generally between a 6-month investment and a 30-year investment. The longer the maturity date, the higher the interest rate on that CD. The best way to ensure solid investment returns and a steady stream of income from a CD is to have many different ones with a range of maturities from short to long term.

Crypto Currencies Variability, A Profitable Rollercoaster

This year, we can see that cryptocurrencies tend to move up and down, even with 15% of the daily value. Such a change in price is known as volatility. What if … this is completely normal and sudden changes are a feature of cryptocurrencies that allow you to make good profits?

First of all, cryptocurrencies have recently become the mainstream, so all the news and rumors about them are “hot”. We are witnessing huge price movements after every statement by government officials about regulating or banning the cryptocurrency market.

Second, the nature of cryptocurrencies is more like a “storehouse of value” (as in the past in gold) – many investors see them as a reserve investment option for stocks, physical assets such as gold and physical (traditional) currencies. The transfer rate also affects the volatility of the cryptocurrency. With the fastest ones, the transfer only takes a few seconds (up to a minute), which makes it an excellent asset for short-term trading, if there is currently no good trend in other assets.

What everyone should take into account – this speed also affects the life trends in cryptocurrencies. In regular markets, trends can last for months or even years – even here for days or hours.

This takes us to the next point – although we are talking about a market worth hundreds of billions of dollars, the daily trading volume is very small compared to the traditional currency market or stocks. Therefore, a single investor trading 100 million shares on the stock exchange will not cause a big price change, but it is an important and noticeable transaction on the scale of the cryptocurrency market.

Because cryptocurrencies are digital assets, they are subject to technical and software updates of cryptocurrency features or the expansion of blockchain partnerships, which makes them more attractive to potential investors (activation of SegWit basically doubles Bitcoin).

Combining these elements, these are the reasons why we observe so many price changes in the price of cryptocurrencies in a matter of hours, days, weeks and hours.

But answering the question in the first paragraph – one of the classic rules of trading is to buy cheap, sell a lot – so having short but strong trends every day (instead of weak ones lasting weeks or months like stocks) gives a much better chance if used properly to make a profit.

10 Key Investor Tips for a Successful Investment

Investing in trade and financial markets has never been popular. More and more people are beginning to see the benefits of spending some time, first investing in themselves through trading and investing, but also using this knowledge in the financial markets.

Although traders can hold positions faster, and the investor is more likely to hold positions for longer, perhaps months or even years. So, if you are thinking of successfully investing in financial markets and making a profit from companies you know, such as Google, Facebook or Microsoft, here are ten things an investor needs to know and do before starting. Let’s see …

1. What are your goals?

It sounds simple, but many people start investing in a trillion-dollar market without any plan, let’s face it, it’s essentially gambling. Although it is very simple to invest profitably in the long run, you need to set your goals, because it will set your expectations correctly, so if you don’t hit a million dollars a day, you won’t hit yourself. For example, knowing whether you have invested in the next five or twenty-five years can make a big difference in how you decide to invest.

2. Start early for compound interest

The biggest reason most billionaires succeed is because of ‘mixed interest’. Even Albert Einstein considered it the ‘eighth wonder of the world’. Basically, it means that your money is earned because you return all the profits you make to an investment again, so it consolidates and builds over time. Sounds good? Of course! The earlier you start, the better, but no matter how old you are, it’s never too late to start, it’s really important to start!

3. Help every little one

No matter how little or how much you can invest, it is worth investing on a regular basis. It sounds simple, but most people don’t see the point in investing just $ 10 a month. However, if you look to the future when you are very old, it is worth a lot, especially if you park for good investments over the years. Of course, most people have the idea of ​​’spend today and save tomorrow’, and this is a trap nation. Save and invest regularly to win long-term rewards – you’ll be glad you did.

4. Diversify

It is important to spread your capital over a wide range of investments to reduce your risk and increase your potential returns in the long run. While some investments are weak, others can do great things and thus balance. However, if you are completely invested in just one thing, then it is either 100% right or wrong. There are thousands of markets between currencies, stocks, commodities and indices, so there is an opportunity.

5. Educate yourself

The most important tip so far. You have to teach yourself and learn your art. After all, if you invest in hard-earned capital, it makes sense to do your homework. Even if you read all the articles here and watch all the videos, you will do a better job than most of the investors who distribute their money to the markets.

6. You have practical expectations

Of course, we all want this million-dollar investment, and for many, it will come someday. But you can’t make a plan for it, if it’s very good, then you still need a plan to live and achieve your goals, as discussed at the end. Remember that the most beautiful part of the trip and what makes the difference is what you do on a daily basis.

7. But don’t limit yourself

It is important to remain conservative in deciding which investment to make. However, this should not limit you to what you already know. No matter how anxious you are, be creative and take the opportunity. After all, if he was so comfortable, everyone would do it. Be adventurous in finding opportunities, but be conservative when deciding which one to choose.

8. Manage your risk

Successful investment is about risk management. If you have $ 1,000 to invest, it doesn’t make sense to invest it all in one go. Basically you say it’s a 100% success rate … of course it’s very difficult. If you follow the steps above to make sure you are diversifying, you will be on the right track.

9. Review regularly

A very simple step to getting more out of the work you’ve done so far is to constantly review your investments. But that doesn’t mean you have to look at your daily gains and your five-year investment losses – you’ll never go through the fifth year when markets move up and down. But it is important to consider which investments work and do not work. Concentrate on doing more of what worked and learn where you went wrong with things that didn’t work.

10. Have fun!

It sounds simple, but most people forget that the best work comes when we enjoy the process. Although the investment is a serious period, it is allowed to enjoy even more. In fact, finding an opportunity, exploring, investing, and seeing the results is exciting in itself.

Here are ten important tips for a successful investment.

Self-Investment: Why You Should Start Investing Yourself

The word “investment” is used in many ways. The word is also used where it does not fully apply. So why and how should you invest in yourself? Here are three great reasons why you should invest in yourself and give yourself several ways to invest in your future as well! In the end, I hope you will understand how important it is to invest in yourself and start this investment today!

3 great reasons to invest in yourself

1. Confidence Building – Investing in yourself will give you great confidence. It is an amazing and rewarding feeling to know that you have grown mentally or materially, or that you have developed in some other way. It can help you achieve personal goals, explore new ways to be better financially or romantically, or advance in your current career. This allows you to open an open door to show yourself more respect and love, because you understand that you are committed to treating yourself with such things, and you will do so.

2. High Earnings – If you want to make big money, you have to invest in yourself. Before someone can invest in you, you must first invest in yourself. If you do this in terms of education, you will be able to achieve possible growth in almost all existing areas. Education should never stop growing, you should learn as much as you can and look at the potential you think is impossible. Have you ever wanted to be rich?

3. You are worth it – The main reason you invest in yourself is that you are worth it! I try to put this message in the minds of my children because it is a very valuable lesson. You should never agree to be as small as your potential. It should be a useful challenge to raise your potential to new heights every day. Regardless of the situation, if you think you are worth more, you will see a great increase in everything you do. This is the main reason why you should invest in yourself.

2 great ways to invest in yourself

1. In terms of education – There are all sorts of different ways you can invest in yourself in terms of education, and it is highly recommended that you do so. Your brain can store a bunch of information! Never be afraid of education, accept and accept! Any workshop or business shop that you have invited or haven’t heard of recently, think well! I am not a real estate specialist, I do not have a fully paid house at the moment. But I’ve been to a lot of real estate seminars because I love to give information! If I decide to expand my real estate career, I’m ready.

2. In financial terms – I understand that it will be difficult, especially if you have little money to start. However, if you want to significantly increase your income level, it is a must to invest in yourself financially! You can do this with stocks, real estate, a business or anything else that will bring you income. If you do, you should look for Return on Investment! I personally don’t do stocks because I don’t see a good enough Return on Investment. Fortunately, there are many other ways to invest in yourself with a fantastic Investment Return, such as real estate or direct sales.

Latest tips about the couple

1. Prepare a 5-year plan – Have you ever done this in college or high school, or maybe you should tell a potential employer during an interview? People do it for a reason. Writing things down generally makes it easier to store information and forces you to do what you write. So make a five-year plan and put it where you can see it on a daily basis! When stress overwhelms you, this plan will generally calm you down a bit so that you can finally realize that you are where you want to step to reach your potential and goals.

2. Get the ball rolling ‘ – I’m a giant planner! I plan everything I do strategically. I plan exactly how to make my morning coffee! Yes, it’s too much, but I enjoy it! Planning is great, but you have to learn to act! I was one of those people who would think and plan everything, but not do much! I had to buy The Ball Rollin and start implementing my plan when the planning was over!

If you want to achieve big goals or dreams, it is very important to invest in yourself and your future. Ask anyone who has had great success in any endeavor and they will tell you how important it is and how much they need to do to get where they are now. Then don’t be afraid to put in a little money for a potential reward. Just make sure your money is profitable and has a high Return on Investment!