Aridni | 2006 October
Personal Finance
Entrepren- eurship
Building Business
Debt Destruction
Follow the Startup Crossing RSS Feed
Join in on Facebook
Follow me on Twitter

How to decrease your productivity using technology!

Subscribe to Aridni Author: Todd - Internet

No, you didn’t misread the title and technology does work for productive measures as well. But if you let it, you can seriously damage anything that resembles real work.

Here are a couple great ways that can help you to do less while giving you the psychological benefits as well as the physical appearance of working.

When you actually get into a project, wouldn’t it be great if there was some sort of an alarm or notification when you get a new email. You know just something to pull you out of the zone while demanding an immediate response.

Then once you have your email program open, perhaps then you could have a couple rss feeds that shoot right in. This demands immediate attention as well, those articles aren’t going to read themselves!! There could be a small to large number of precious time consuming links contained within or perhaps there are thoughts and ideas sparked that send you on a wild never ending goose chase. Don’t forget to check your stocks a couple times while you’re at it.

Later on down the road an hour or two you might get back to whatever you were supposed to have been working on.

The other option is to use technology to your advantage. Only use it when you can afford to. Turn off your email notifications, close your browser, and let’s get things done.


Is real estate calling you?

Subscribe to Aridni Author: Katie - Real Estate

We have a lot of mixed ideas of what ‘real estate’ really is, yet I’m willing to bet that some avenue of real estate would suit you. In fact, I’m sure of it. Is it an empty lot that might appreciate or acres of farmland near a future metropolis? Is it a run-down house? Is real estate the site of a future Hilton, shopping center, or apartment complex? Figuring out the most successful avenue is tough.

Every person that defines success to me has engaged in some sort of real estate investing. If you’ve always thought about running your own business, real estate has to be a part of your thinking. In fact, you might find that real estate suddenly becomes the focus of your business idea.

In the state of Montana, the average income is $24,000. In one Montana community, the average home costs $280,000. An average person can’t afford a home? The thought makes me sick, yet it also makes me think, “Is there opportunity?”  I think that we can find ways to break into markets that hold money potentials without shelling our entire pay-checks to mortgages. Is that something you want?

Prepare your one-man battle plan

Open your closet, and dust off your many hats. If you want to win at real estate, you have to understand every level in your focus area or hire someone to do it for you. It’s silly to get a law degree just so you can understand the contracts. Yet have you ever considered getting your real estate license? I’m preparing to take the real estate exam and trust me, the info is anything but challenging. But saving around 5% on every real estate purchase might make sense.

Do you have much cash? You probably can’t operate like characters on “Flip that House”. How realistic is the image on these shows, anyway? The characters are willing to pay expensive subcontractors but not willing to break a nail.

You might not have cash to match flippers on TV. You do have that magical thing called sweat equity, though. Don’t just lead the battle; be the soldier. March in the front line, bark orders from atop your horse, and fight for yourself. An added benefit we’ve found in sweat equity? My husband loves to have endless excuses to use power tools.

Pick your target

At my office, we get a lot of rich men who want to invest their money in enormous projects like elaborate hotels and apartments around man made lakes. Our construction company builds these items along with stadium additions and any other commercial construction idea someone might have. Do you want to be my boss, making money by managing enormous developments? And yes, he is making far beyond the average Montana salary.

Instead of being the construction company, you could be the envisioner that wants construction companies to build results. The beginning of the project costs you money. Most of the money won’t be your own, though. You’ll borrow from banks and investors. Make money off of their money once your condos or storage units are built and generating revenues.

But don’t start big

A more financially reasonable idea is the small scale. Buy crumbled buildings, remodel them and sell or rent the spaces, “residential or commercial. Gain some experience in the small scale projects that can build up your credit and portfolio, then shoot for bigger if it’s your dream.

Know that success builds success

Deals are easier to make when you have past triumphs. And the best way to impress people is with your successes. If you own one hotel, you’re cool. If you own ten, holy cow! You can bet that people won’t question your authority on the hospitality industry.

The problem for most of us is that we don’t have any sort of real estate portfolio. It’s like we’re trying to get our first jobs out of college. How many interviews does that take? Make yourself look like an expert. Because I am 24 years old, most people feel uncomfortable with my ability to maintain any sort of real estate responsibility; they change their minds when I rattle off an accomplishment or two. Have they seen the map next to my computer? I’m filling it with gold stars that each represent a property in my growing empire.

Deception is okay

Contrary to my last point, you have to know when to present the aura of an expert. No one looks at me and thinks that I know how to wire a plug or build heating systems. It’s often advantageous to be underestimated. Real estate is predominately controlled by old men. Being young and female give me two edges. What advantages can you see in yourself?

If your neighbor was selling his shop and Donald Trump and I both expressed an interest, don’t you think your neighbor might want Trump’s business because a whole lot of $$ could be involved? At the same time, your neighbor might not want that property to turn into another Trump Tower so he rejects Trump and offers to me. I’m still some dumb blond girl fresh from college to him, but he doesn’t know my plans to build Katie Castle. Naive might just become your middle name.

Be curious

Finally, know that real estate involves risk. Yeah, yeah, I’m sure you’ve heard that before. But don’t be afraid to check stuff out. Even when we aren’t looking for an investment project, I keep on looking. The last two purchases that I have made came from being curious. Keep your eyes open. Make sure other people keep their eyes open for you, too. If they can make money from you, they will keep on the lookout for you. Money is very powerful in this industry.


The Challenges of Being Self Employed

Subscribe to Aridni Author: Danielle - Venture Capitalism

On Aridni, we encourage our readers to work for themselves since this is generally the best means of aquiring independent wealth; however, we also need to remain cognizant of the trials and challenges that face the self employed in our society including the burdens of paying one’s own health insurance and life insurance premiums, having no guaranteed source of retirement, and coping with the unpredictablility of each month’s income. Among the most fortunate entreprenerurs, these costs are not an issue, but for those of us who are just starting our own businesses or are experiencing a drop in revenue as a result of the economy, the above can mean the difference between being able to pay your bills or going into debt. That’s why saving and managing our resources is so important.

Take my dad for example. He has been an alternative health practitioner for 30+ years and is widely regarded as #1 in his field internationally. He used to earn over $200,000 a year, but after my mother died three years ago his business slowly started to dwindle and now is falling apart. As of last week, he had depleted the mere $30,000 in his savings account and now keeps saying that he doesn’t know how he will get through the month. Yes, he still earns over $100,000 a year, but after he has paid the mortgage, $500/month for each of three individual health insurance plans, car insurance for two vehicles, life insurance, disability insurance, homeowner’s insurance, $15,000/year for the rent of his office space, etc. there isn’t much left over to save or spend. How can people like my father avoid disaster? If you are an established business owner, I suggest that you make a list of all the costs you have each month and try to put aside enough funds to last you for a year. Do not dip into these savings unless you absolutely have to. You simply never know what may come down the road later on so it’s best to save while it’s easy to do so. In the event that you are just starting out, try to save enough for at least three month’s rent. This may mean not buying that Starbucks coffee you are craving or waiting a little while before taking a trip you planned, but trust me you will be glad you did.

Another thing to keep in mind if you are self employed is the amount of time you need to dedicate to maintaining your business (i.e. recruiting clients) and how much time you must devote to your current tasks at hand. This is where networking becomes cruical. One of my dad’s problems was that once he became “successful” he simply assumed he would always have the same level of clientel and did not devote enough energy to obtaining new patients. So when people stopped being able to see him due to their own financial woes, he did not have people to replace them. Now, he is starting to seriously network again for the first time since he started his business.

While the self employed don’t have to worry about “losing their jobs,” in many ways they have less financial security and less cash flow than those of us who hold conventional jobs. Although they don’t have to pay for the overhead of a personal business, they have more monthly costs to contend with and in today’s world it is becoming increasingly important for these individuals to save not only for their own retirement, but for unpredicted expenses. The CEO of a trade association who earns $200,000 a year has significantly greater cash flow than someone like my dad who has to spend at least half of is income on overhead.

So if you are considering starting your own business, by all means go for it, but don’t forget to take into consideration the obstacles you will inevitably encounter as you start out.


Batman Joins the Aridni Team!! Oh wait, it’s just Todd

Today on Aridni we are going to introduce you to one of the key members of Aridni. We’ll be focusing on Todd.

Todd is currently attending the University of Montana in Missoula working towards a double major to receive degrees in Business Marketing and Business Management. Along the way Todd is also working towards a minor in Media Arts.

Todd has always had an entrepreneurial mind and business sense almost came second nature to him. Perhaps it is because as a child, he took on more ventures than most people even consider in their lives. Some were more successful, while others failed completely. Even though he is young, getting involved and passionate as a child continued as he aged and he now easily can adapt to changes in atmospheres and markets.

This article is hard to write about myself in the third person, so with that I’ll completely switch perspective if you don’t mind and talk about myself in the first person.

I have been focusing my attention on projects and businesses quite a bit. The best way to retain knowledge is to actually use it and then teach it. You can read a thousand articles about investing, but does that make you a better investor?

In theory yes, but it’s too bad that we live in a reality where this is not always the case. Yes, you want to know everything you can, especially when it comes to your fiscal matters. But there is a point where you have to say, “Okay, I have read through these articles, or books, or whatever, and now it is time to put that information to use.”

(Continue reading this article…)


Next Page »