2/28/2008 7:19:55 AM
I find your topic something I'm interested in. I've still got 4+ years to go before 18, and I don't want to enter into the rat race, Robert Kiyosaki was in a similar situation starting close to the age I did, but with a mentor. That brings up the question, if he had 8 years of training from his rich dad, then why did he enter the rat race at all? It says in the book RDPD that he worked for Xerox, was involved in the navy ect.
I guess I don't understand Network Marketing entirely, but it seems that you start out as a S or an E of this association. How does that make it better than a job then besides pays better? What makes a thing on the right side of the quadrant is it being able to run without you, can Network Marketing do this? Perhaps I'm thinking of the do it yourself Network Marketing do some hire employees or contractors to do the actual selling?
As rich dad says, "How wealthy you are is determined by how long you can live without being at your work" or something like that. Basically, does your Network Marketing make you any wealthier than a job? I know being vacant at a job you lose money, but being vacant at your investment/business/real estate it will keep going.
More to the point of this entire topic, I know to avoid the parties, I know to build my asset column, and to lower my Liability and expense column. At this age, my liability column is all supported by my parental figures, and so how to I as a minor build my asset column. I've looked into purchasing silver and precious metals with my precious few funds, but most of the supplies I see that post their prices overprice their silver to such a degree that it will have to raise in significant value to even get my money back. I've looked at Stocks, and Options, but I don't look forward to trading the stock market. (Yes I have sources to obtain information about this field) I've looked at Real Estate, but that seems to require too much capital, and I don't know where to look for non-vacant properties. Or where to get renters at quick enough speed without losing significant money. So far it appears my only option is to build an S corp and then convert it into a B corp when I have enough money.
If I were to go down the S corp to B corp path, then my main skills is in Game Design, Programming and Art, however, I don't know enough about business systems to even confidently transfer for S corp to B corp. I could make a project, I could sell it, I could get some $ but once i have those, what then? Make another game on my time, my sweat, and my money? To conclude this section, the point is, where can I find education on business systems
And to sum up all the questions, (A freaky long post.)
A. How is Network Marketing better than being an employee, besides more $?
B. Can you hire employees in Network Marketing?
C. How does a minor increase his asset column? Or, what do you suggest?
D. Where can I find education on business systems, and what is a system?