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feature · March 2013

A Powerful Beginning Begins with a Solid Foundation

Which is why the most powerful beginning for your business is to lay the foundation AND give it time to “set”.

Article-era portrait of Teresa Romain
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Teresa Romain

Which is why the most powerful beginning for your business is to lay the foundation AND give it time to “set”.

Go to work in your business when you say you will and, equally as important, STOP working at the pre-determined time.

By "profitable", I mean they are actions that have the potential to generate immediate or near-term income for you AND that “profit” others as well.

Trust me, building the habit of taking THREE profitable actions each day you work your business will support you more than you realize – especially as you learn and grow more effective with your actions.

If you have a $130,000 30-year mortgage and roughly $24,000 in other debt, you could be completely debt-free (mortgage and all) in approximately seven years if you simply use the first $300 you pay yourself in a systematic way to become debt-free. In the process, you would save $80,000 to $100,000 in interest. Imagine that! Imagine the financial freedom you would experience if you had NO debt payments! If you don’t have any debt (even a mortgage), then invest your first $200-$300 for your future. Investing as little at $300 a month at a rate of 8% will result in more than $100,000 in 15 years. More importantly, that includes more than $50,000 of interest income, i.e., money your money (not your time and energy) made for you!

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