Wednesday, 10 December 2014

Shoestring Guide to Success

Shoestring Guide to Success
It is an indisputable fact that those with inadequate bank accounts are by far greater than those whose accounts are overflowing with envy. Without those lacking financially, those in affluence will not exist. Why then are the financially deprived on the increase and the prosperous limited to selected few?

The disparity and the enormous number of those with lean purses and the few with overflowing purses makes it possible for more people to be born into poverty than into prosperity. What will then bridge the gap between abundance and scarcity?

Destiny
Those who acquire fame and fortune are not so made by chance, even if their wealth was a result of winning the lottery or inheritance; you must play in order to win. Within the lineage of the financially fortunate few, if traced back far enough you will find poverty and a family doomed to penury. All acquired wealth is as a result of calculated effort on the part of an individual and or a group.

Could it be possible that some are destined to be poor and others to riches? Could being poor be attributed to upbringing, location, or who your parents are? While most will agree that upbringing, location, or parents can influence and accelerate the process of wealth accumulation, some maybe inclined to say anybody irrespective of their social status can be rich if they so desire with a shoestring business budget.

Rag to Riches
While it is true that you could acquire riches with a shoestring business budget, accumulating wealth is a function of time and money. The more money you have, the less time it will take to amass wealth, and the less money you have, the more time it will take to accumulate wealth.

Since there are more financially deprived people in any society, it will be prudence to start a singular process of bridging the gap between poverty and prosperity with the premise of rag to riches. Start with a shoestring business budget of $47 plus twelve referred associates at $47 each within a cooperative syndicate. Invest generated revenue to double and compound annually for six years before disbursement.

Income Projection Benchmarks
*    Year 1: 1 + 12 = 13; at $47 each revenue is $611
*    Year 2: 12 x 12 = 144; at $47 each revenue is $6,768
*    Year 3: 144 x 12 = 1,728; at $47 each revenue is $81,216
*    Year 4: 1,728 x 12 = 20,736; at $47 each revenue is $974,592
*    Year 5: 20,736 x 12 = 248,832; at $47 each revenue is $11,695,105
*    Year 6: 248,832 x 12 = 2,985,984; at $47 each revenue is $140,341,248

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