Hello to all our Million Dollar peeps! As always, I hope this message finds you all doing well, and business is booming!
Two things I'd like to mention:
First, our goal is to make as much money as possible in our "front line businesses," push the money through our "system" to minimize exposure to taxation, and get it to more "stable ground" free of risk and liabilities, so we can fund, invest, and scale our "honey pot."
When the "honey pot" yields more money than your front line business(es), you're absolutely FREE and liberated. At that point, your question is how wealthy do you want to be.
Why do I share all this?
I'm VERY, VERY selective with whom I share specific investment advice because everyone has different risk tolerance and temperament for moving in and out, up and down with market fluctuations.
If you're new to investing, you most likely need to retrain your thinking in how you perceive bull versus bear markets.
It's easy to celebrate bull markets when you see your accounts increasing, but then you panic and curse the market gods during a bear market.
You need to train yourself to celebrate both.
Save your money and "keep your powder dry," so every time there's a market contraction, buy, buy, buy strategically!
When the markets rise, and they always do, enjoy the bulls!
As I tell everyone, bear markets are for planting the seeds, buying when the buying is good, and bull markets are for harvesting - "see profits, take profits."
Why is all of this important?
When markets are contracting, people scrambling, panicking, crying "I'm losing my money in the market," NO YOU'RE NOT!
YOU ONLY GAIN OR LOSE WHEN YOU SELL! Until you sell, it's only moving numbers!
As the markets go down, buy more! This is EXACTLY why we want STRONG, POSITIVE CASH FLOWING businesses, so we have cash on hand to make fast moves.
Last year, when we had the "Kamala Crash," I went on a buying spree. Now, during the Trump Tariffs and the market volatility, I'm buying and selling faster than a FAT kid eating cake!
The second thing I want to share is STOP chasing shiny objects!
If you haven't yet listened to my video conference call with a provider who goes in detail talking about different vehicles, click below and be sure to watch/listen:
https://youtu.be/VElnlG8j2Co
Listen specifically to everything he says about Econolines versus Transits, the level of effectiveness, and the savings.
Especially when you consider your vehicles are depreciating assets that are going to get "chewed up and spit out" (if you're using them effectively) by customers and employees, you want to make sensible purchases.
Don't make the mistake of paying a premium for a vehicle that YOU LIKE versus something that's equally effective in solving your customer's "pain points" while saving you a lot of money.
Some providers are paying a premium for vehicles with bells and whistles that THEY LIKE yet bring NO increased value in safety or savings.
Make good, sound acquisitions that save you money, so you can roll the savings into your honey pot investments.
I'm out - going to eat my cake!
See you at the Top!
Joel E. Davis
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