Sepia Prime Woman Digital Magazine March 2014 | Page 25

PROFITABLY SPEAKING It Sounds Harder Than It Is Winfred Burns II Many people say, building assets is tough, and several people have asked how to begin. How does one begin building assets with a family, a full time job and a life? Great question! Here is an idea I believe works. Build assets around fun! That’s right; I said build assets around fun. Do you know how I got started doing what I do? I was asked to teach a class to a group of pregnant mothers (for free). I was asked to speak for thirty minutes, but ninety minutes later I was hooked. The looks on the young ladies’ faces, the feeling of accomplishment, knowing I had empowered a group of people who needed to be empowered and educated but did not have access to the resources and tools, felt great. I made no money from that session. I did get a customer at the job I had at the time, but even if I hadn’t, I LOVED the experience and had fun. So I kept doing it for free until I could do it for a fee. Find what you have fun doing and do that. Anything can be turned into a business...anything. Assets like stocks should not be picked based on what others say but on what you know. Stocks and real estate are not short term plays for a person starting out. Pick what you know. You know oil and oranges, then invest in the companies in that sector. Do your homework, learn about the industry where you have fun, and build a great asset base on what you know. You don’t have a lot of money? Sepia Prime Woman So what. Buy one share and start there. Instead of asking for new socks for your birthday, ask for stock. Instead of toys, ask for money to purchase shares in your mutual fund. Instead of 10,000 pair of black pumps, use your money towards the down payment on your first rental property or insurance policy. Build assets one at a time; it's possible and over time you will be glad you did. No matter what industry you choose or where you start, get started. The road to building assets can be tough so if you play and make it as fun as possible, you take some of the stress and strain out of it. Remember, this is a total paradigm shift so it might feel uncomfortable or place you in the minority with family and friends. Do not worry about it; at some point it will all be worth it and you will be the gateway they need to help get them started, all because you had fun. Walk in Truth, WBII Winfred Burns II is a financial coach and host of the Global Drive Show on The BOLD Movers Radio Network. March 2014