Growth solves most problems in companies. And when an investment works, everyone is a genius. Yes, if a CEO has great numbers, before Board members, the CEO is a great communicator, during a Board review. But if the numbers are terrible, even if the CEO has been trained by the best coach on business communication and presentation, the job may be gone before the presentation ends.
That takes me to this: “In the mid-1990s, Amazon founder Jeff Bezos persuaded his siblings, Mark and Christina, to invest $10,000 each in his company. Little did they anticipate that this investment would one day transform them into billionaires. In 1996, Mark and Christina each purchased 30,000 shares of Amazon for $10,000.. Fortunately, Bezos’ vision for Amazon proved fruitful, propelling the company to extraordinary success. What began as a $10,000 investment in 1996 has since ballooned into a staggering $1.30 billion (excluding dilution), representing a remarkable gain of 13,025,889%” BusinessBulls
Get this from me: find ways to pay yourself; feel free to borrow my personal finance strategy which I developed as an entry level staff in Diamond Bank.
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“As a banker, I understood one thing: how much you make is a small part of your financial success and independence. Interestingly, getting that independence requires moving from a static phase to a dynamic phase (as in mechanics in physics). Simply, you need to take action – and that action means having a plan.
“In my first month as a banker, I developed a P allocating wages to different “catalysts for success”. Doing simple calculus and regression, I figured out that by putting 15% on dividend paying stocks and other investable assets, for every 5 years of work, I will get wages for two years free, keeping inflation and currency losses constant.”
45-20-20-15 Strategy
- 45 Self and family (car, suits, family, etc)
- 20 personal development (professional certifications, etc)
- 20 others (anything)
- 15 investment (stocks, etc)
Have you developed your personal economy strategy, not just your company’s corporate plan? Good luck.
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