Wealth Protection and Return on Investment (back)
Email our speaker: Kevin Carmony
Protecting your wealth is always important. In five years from now, your business should have given you more wealth. This wealth can be:
A wage higher than you could make at a job.
Equipment for your business.
A new place to live.
A new vehicle.
A saving plan.
A growing retirement account.
Giving more to the charity of your choice.
______________________________________________
_______________________________________________
_______________________________________________
_______________________________________________
Will you need protecting from:
Fire, Theft, Robbery
Health, Disability, Death
Injury, Fraud
Your insurance agent can give you some help in this area. This link will help you identify your needs:
Identifying your Insurance Needs
Return on Investment or ROI as financial people say really means how you take your money, time and talents and make more money. We can always put our savings in the bank and get around 4% interest a year. If we invest in ourselves and use our money and time to do money-earning projects, often we can grow our money faster than a bank. Let’s see how you could grow your income.
If you work 40 hours a week for 50 weeks a year you will work 2,000 hours.
A. How many hours does it take to get one sale?___________________________
B. How much is your average sale (minus expenses)?________________________
A. ___________ ¸ B. _________ = C. ____________________ (Your hourly wage)
How much will you make if you work 2,000 hours?
C. ____________ x 2,000 = ______________________(Your yearly wage)
Your return on investment for self-employment is best looked at as to how much could you make at a job that you could do.
Copyright 2000 Linda Lucas Fayerweather
This content may be copied in full, with copyright information intact, without specific permission, when used in a not-for-profit format. If other use is desired, permission in writing from Coach Fayerweather is required. mailto: lindafay@lindafay.com.