The Path to the Top 1%

Please Note: Each Friday we do a LinkedIn Live with a "deeper dive" into the newsletter topics. Turn on notifications on my profile to get an alert for the live video or you can access the replay in the Wealth For Life Group on LinkedIn or on Youtube .

?? Learn: The Path to the Top 1%

The upper 1% owns nearly half of all private-company wealth today, up from about 30% in 1990, the Fed reports.

Most financial advice centers around investing. Yet as mentioned in previous issues, a business interests are usually the largest asset for those in the top 1%.?

Notice the dark blue bars below on the right side of the chart. The more wealth people have the more business interests they have:

Financial advisors should be helping people get educated on business building skills.??

We will be discussing this on our next webinar February 8th on Linkedin Live.

We’ve had over 2000 attendees at our last four LinkedIn Live events. Thank you to everyone who attended!?

In this next 1-hour webinar we will be discussing the Top 5 businesses to start for 2024 and how you can break into the Top 1% with businesses ownership.

We will cover the top 5 businesses to Start for 2024 with franchise expert Jon Ostenson.

Jon is the top expert in the country in this area with access to over 400 businesses.

Here’s what we’ll cover:

• What industries/sectors are hot right now
• Top 5 business to start for 2024
• How to use your 401k/IRA to buy a business
• Low cost startups that create six figures in profits
• How to own a business while having a busy career

Please register below and I look forward to seeing you at the event!

https://www.dhirubhai.net/events/7151293102270369793/comments/

?? Chart: Used Car Pricing

Used car prices have remained a significant factor in inflation, influenced by supply chain issues and high new vehicle prices, followed by rising interest rates.?

Although wholesale used vehicle prices are decreasing, they're still notably higher than before 2020.?

A true indication of inflation control would be when prices in this crucial consumer sector align with past trends.

It’s a ways to go for that to happen.

?? Productivity:? Create an energy map for better focus and productivity

Everyone has different peak hours. If you want to enhance your productivity, it doesn’t matter whether you’re a morning person or a night owl, or if you go for a run at 6 am or 6 pm.

Instead, it’s up to you to make the most of your day, and to learn when you work and feel your best. Brian Tracy calls this your prime time:

“Your internal prime time is the time of day, according to your body clock, when you are the most alert and productive.”

One tool for this is creating an Energy Map.

By scheduling your tasks while taking into account your energy levels during the day, you get better results. Here’s sample:

• Morning (8:30 AM - 10:30 AM): High energy levels, ideal for creative and concentrated tasks. Begin with challenging tasks ("Eat that Frog" principle).
• Mid-Morning (10:30 AM): Energy dip, time for a snack and a short break.
• Late Morning (11:00 AM): Renewed focus, continue with demanding tasks.
• Lunch Break (12:00 PM): Essential for productivity, longer breaks can lead to more effective work sessions.
• After Lunch (12:30 PM): Tackle easier tasks due to post-lunch energy dip.
• Mid-Day (1:00 PM): Optimal time for demanding tasks or long-term projects.
• End of Day (4:30 PM): Energy drops, good for lighter tasks like emails, meetings, and planning for the next day.

For a more detailed guide and explanation, check out the full article on Zillionist:?

https://zillionist.com/energy-map-work-day-increase-productivity/

?? Concept: Income and Wealth

?? Resources:

"5 Secret Strategies Millionaires Use To 5x Their Wealth & Immediately Cut Their Taxes By 50%" get instant access in the Wealth For Life LinkedIn Group - https://www.dhirubhai.net/groups/5156642/

Want to brainstorm on financial topics? It's great to have conversations!?

Click here to schedule a chat via zoom: https://bit.ly/3JCGpCF

Thank you for reading!

?? Connect:?

https://www.dhirubhai.net/in/denvernowicz/

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