Tag Archives: Money

From nothing to greatness!

29 Jun

A number of successful people have found themselves overextended and ended up filing for bankruptcy, only to successfully stick it out and find firmer financial footing again.
Here are a few famous names who knew what it’s like to be strapped for cash:
1. Abraham Lincoln
His face may now appear on the penny, but at one time, Lincoln didn’t have a single cent to spare. Lincoln tried many occupations as a young man, including buying a general store in New Salem, Illinois, in 1832.
While he may have been terrific at splitting rails, winning debates, and wearing stovepipe hats, Honest Abe wasn’t much of a shopkeeper. Lincoln and his partner started buying out other stores’ inventories on credit, but their own sales were dismal. Mental Floss: How ex-presidents make ends meet
As the store’s debts mounted, Lincoln sold his share, but when his partner died, the future President became liable for $1,000 in back payments. Lincoln didn’t have modern bankruptcy laws to protect him, so when his creditors took him to court, he lost his two remaining assets: a horse and some surveying gear. That wasn’t enough to foot his bill, though, and Lincoln continued paying off his debts until well into the 1840s.
Lincoln’s not alone in the annals of bankrupt commanders-in-chief, though. Ulysses S. Grant went bankrupt after leaving office when a partner in an investment-banking venture swindled him.
Thomas Jefferson filed for bankruptcy several times, including after leaving office, possibly because he threw around a lot of cash on food and wine.
William McKinley went bankrupt while serving as Ohio’s governor in 1893; he was $130,000 in the red before eventually straightening out with the help of friends. He won the White House just three years later. iReport.com: What are you doing to keep your job?
2. Henry Ford
Speculation abounds about the future of the Big Three motor companies, leading some observers to wonder what Henry Ford would think of this financial peril. Ford actually couldn’t be too judgmental, though, because he was no stranger to debt himself.
In 1899 the young mechanic and engineer started the Detroit Automobile Company with the backing of three prominent politicians. Ford hadn’t quite mastered the innovation and production techniques that would eventually make him rich, though. Over the next two years, Ford proved to be too much of a perfectionist, and his plant only produced 20 cars as he painstakingly tinkered with designs.
The enterprise went bankrupt in 1901 and reorganized into the Henry Ford Company later that year. Ford eventually left that group and finally got things right in 1903, when he founded the Ford Motor Company. Things didn’t go so badly for the Henry Ford Company after he left, either; it changed its name into one you might find a bit more recognizable: the Cadillac Automobile Company.
Ford wasn’t the only auto magnate who knew how bankruptcy felt, though. General Motors founder William Crapo Durant took a massive hit during the Great Depression that saw his fortune fall from $120 million to bankruptcy. He spent his last few years running a bowling alley in Flint, Michigan.
3. Walt Disney
His name may be a stalwart brand today, but early in his career, Disney was just a struggling filmmaker with too many bills. In 1922 he started his first film company with a partner in Kansas City, Kansas.
The two men bought a used camera and made short advertising films and cartoons under the studio name Laugh-O-Gram. Disney even signed a deal with a New York company to distribute the films he was producing. That arrangement didn’t work out so well, though, as the distributor cheated Disney’s studio.
Without the distributor’s cash, Disney couldn’t cover his overhead, and his studio went bankrupt in 1923. He then left Kansas City for Hollywood, and after a series of increasingly successful creations, Disney debuted a new character named Mickey Mouse in 1928. Mental Floss: The secrets behind your favorite toys
4. Milton Hershey
Milton Hershey always knew he could make candy, but running a successful business seemed just out of his reach. Although he never had a formal education, Hershey spent four years apprenticing in a candy shop before striking out on his own in Philadelphia in 1876.
Six years later, his shop went under, as did a subsequent attempt to peddle sweets in New York City. Hershey then returned home to Lancaster, Pennsylvania, where he pioneered the use of fresh milk in caramel productions and founded the successful Lancaster Caramel Company.
In 1900 he sold the caramel company for $1 million so he could focus on perfecting a milk chocolate formula. Once he finally nailed the recipe down, he was too rich (and too flush with delicious chocolate) for anyone to remember the flops of his early candy ventures.
5. Burt Reynolds
Burt Reynolds was one of Hollywood’s biggest stars of the 1970s. Unfortunately, though, he spent money like his career would never hit a downswing. He owned mansions on both coasts, a helicopter, and a lavish Florida ranch.
Gradually, his financial situation got grimmer as he made boneheaded career choices and weathered a pricey divorce from Loni Anderson. By 1996, the Bandit owed $10 million to his creditors, and the royalties from “Cop and a Half” just weren’t flowing in quickly enough. Reynolds declared Chapter 11 bankruptcy, from which he emerged in 1998.
Not only did he not have to sell his trademark mustache at auction to pay his bills, Reynolds even got to keep his Florida estate, Valhalla. This homestead exemption raised the ire of some observers who didn’t think hanging on to a $2.5 million mansion while writing off $8 million in debt was quite in the spirit of bankruptcy laws’ provisions about keeping one’s home.
In fact, when the Senate passed measures tightening these loopholes in 2001, Reynolds’ keeping his ranch was one of the examples they used to decry bankruptcy proceedings as going too easy on the wealthy. “There is no greater bankruptcy abuse than this,” said Wisconsin Senator Herb Kohl.
6. H.J. Heinz
When Heinz was just 25 years old, he and two partners began a company that made horseradish. As the legend goes, the spicy root was the first of Heinz’s famed 57 varieties, but it wasn’t as lucrative as he’d hoped. A business panic in 1875 bankrupted his enterprise, but Heinz’s passion for condiments remained strong.
The very next year, Heinz got together with his brother and a cousin to start a new company in Pittsburgh, Pennsylvania. The reorganized group started making ketchup, and the business took off. Last year the H.J. Heinz Company had over $10 billion in revenue.
7. P.T. Barnum
Famous showman P.T. Barnum was always quick with a quip, but he wasn’t so snappy about paying back his loans. Although he was successful showing off oddities in New York and around the globe, Barnum had a habit of borrowing cash from anyone who would open their wallet for him. Mental Floss: 12 oddball museums preserving our history
He’d use these funds to buy real estate, particularly around Bridgeport, Connecticut, where he was trying to foster industrial development. Unfortunately for Barnum, he went too far with borrowed cash, and in 1855, things bottomed out. Barnum was bankrupt and owed his creditors nearly half a million dollars.
Barnum didn’t give up, though, and he slowly worked himself out of debt over the next five years. The showman gave lectures around England about showmanship and making money, and he regained control of his main attraction, The American Museum in New York City, in 1860.
In 1871, just a few months shy of his 61st birthday, Barnum entered the circus business with Barnum’s Grand Traveling Museum, Menagerie, Caravan, and Circus, which raked in over $400,000 in its first year.

Communication, Sex and Money

17 Apr

 

 

 

Now that you have decided to wait until you are married to have sex, let’s discuss something extra…Communication and Money! Yes, your milk is not just your goodies; it is your conversation and your money!

 

How can you enjoy sex with your husband and neither of you can talk with one another and the money is looking FUNNY?

 

Your husband will be the King of the castle; you must learn how to submit. Learn first by submitting to God now.

 

Matthew 6:33

 

But seek first his kingdom and his righteousness, and all these things will be given to you as well.

 

Communication

 

 

 

 

Having a healthy dialogue with God on a daily basis and yourself mentally can aid in the development of effective communication. Effective communication denotes intimacy. If you are not married then no one is worth your undivided attention in communication and your hard earned money. If you have said, “I do!” then it is time to get things in order.

 

How can this be done?

 

Understanding the channels of communication is essential, that is the perception and the reception of communicating.

 

Perception is what you perceive to be said and reception is the actual oneness of one’s ears to listen to what is received. This is done through body language, eye contact and a language that is understood between two parties.

 

How should you talk to your future husband?

What does good communication look like?

 

Perception is what you perceive to be spoken and reception is the actual openness of one’s ears to listen to what is being said so it can be received. Communication at its best is demonstrated through good listening skills.

This is done through body language, eye contact and a language that is comprehended between two parties.

 

While dating one should consider effective communication techniques, this will aid in assisting each individual to understand one another and to work together.

 

How should you talk to your husband?

 

What does good communication look like?

 

Implement this:

 

  1. Hold each other’s hands and make eye contact as you have regular conversations and intense moments of fellowships.


Above all, love each other deeply, because love covers over a multitude of sins.

1 Peter 4:8

 

  1. Resolve conflict before you both go to sleep at night.

BE ANGRY, AND yet DO NOT SIN; do not let the sun go down on your anger.

 

Ephesians 4:26

 

3. Practice forgiving and forgetting.

 

Here are some rules to follow:

 

  1. When you are in an intense moment of fellowship each party is allowed to speak their mind in increments of five minutes are less.
  2. Don’t bring up past mistakes.

 

Like a dog that returns to its vomit Is a fool who repeats his folly.

Proverbs 26:11

 

  1. Don’t hit below the belt. This is not an opportunity to impose hurt or pain.

 

  1. Your husband is not the enemy.

For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms.

Ephesians 6:12

 

  1. Keep God first and other people’s opinions advice and suggestions are OUT!

“But seek first His kingdom and His righteousness, and all these things will be added to you.

Matthew 6:33

 

 

 

Money

 

We all desire it and generally speaking before marriage, what is yours is yours. However after you say I do, everything becomes ours. The 2 shall become 1.

 

  1. Right now, your money is your money. However, after you get married your money and his money becomes our money.

 

That is right, not two accounts, not the words “mine and yours” but one account.

 

Remember you are married for a lifetime not just in the meantime.

 

So, what do you need to do to prepare financially for your mate to be?

 

  1. Start saving now! 10% Tithe and 10% You! That is right, pay God first and then pay yourself ten percent.  Put some money away before it touches your hand. Set up a direct deposit before you get paid.

 

Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the LORD Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that you will not have room enough for it.

 

Malachi 3:10

 

  1. Eliminate and cancel bad debt. (i.e. meaningless credit cards or even unsecured loans).

Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.

Romans 13:8

 

  1. Help others…give so that it will be given back to you.

“Give, and it will be given to you. They will pour into your lap a good measure– pressed down, shaken together, and running over. For by your standard of measure it will be measured to you in return.”

Luke 6:38

 

  1. Bargain shop ladies…catch a good sale, clip coupons, and spend less than what you earn and operate in delayed gratification-do you really need that purchase now.
  2. Invest and start a business, start several businesses. Remember the woman in proverbs, she was a smart woman!  She started a business in the middle of a recession.

 

She considers a field and buys it;
   out of her earnings she plants a vineyard.

Proverbs 31:16

 

Why spend $700.00 on a purse, when you can save or invest $650.00 of it and spend $50.00 on a shopping spree. And guess what you can still hold your head high and LOOK GOOD!

 

Most of all ladies…let’s celebrate each other. Today might not be your day, tomorrow might be your friends and the next day someone you never imagined is getting married but soon it will be your day. Until then, prepare yourself and don’t give out any milk for FREE!

 

The secret to being a millionaire, is to first….

7 Apr

Think that you are! In the next 3 to 5 years I will see the manifesting of the million dollars in my life, however spiritually I have already seen the money. It is called purpose money, money that is intended to help others, to strengthen others and to do God’s purpose here on earth. The money is not about me and my four; it is about the work that He has for me to do. It is suppose to happen, so I wait patiently on His promise to be made evident in my life that has already been revealed in my spirit. That is the secret, or what is the secret…FAITH! My evidence is His word and the power of the word in operation in my life.

What do I keep in my purse?

13 Jan

My purse is a mini storage….safety pins, panty liners, vaseline, make up, baby wipes, money, something to read(no idol mind) ink pens…

Relationships 101: Marriages and Couples Dating Tips!

10 Jan

Enjoying Sex with your spouse is a God given creative ability. What are the three major concerns of marriages/ relationships: communication, sex and money! First you must use the five minute rule when engaging in conversation with your spouse or significant other- listen more and talk less, next have sex often and make it exciting/ foreplay is awesome to keep it flaming and enjoyable. Finally, the money has to be right…best advice is to give back to the church and community, save and spend less. Learn how to make more money with your money! Be a good model for those that follow!!!!

Quote

I am a milliona…

9 Jan

I am a millionaire not by paper but by MIND…soon to be my daily reality!