Tag Archives: investment

3 Common Misconceptions About Getting Rich… 🤑

Nowadays Im spending more money than even Im comfortable with. I mean damn, I just sent both of my parents to Cancun for 4 days – and they are separated. I Never imagined seeing so many transactions on my American Express. Who knew, this lifestyle would be so expensive? I used to think that you could just stop spending money when you want, but it doesn’t work that way; let me tell you why:

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You Gotta Spend the Most Money to Get Rich…

I know, it sounds weird. But, as the saying goes, you have to spend money to make money. Most people realize that even after you have your business up and running, your business expenses will increase as you bring in more money. For example; you will have to run more Facebook ads to get more paying customers, and that is fine. But most people don’t realize that your personal expenses will continue to increase too.

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Things you can expect to pay for (that you didn’t have to before):

  1. Dinners. You can’t meet with a potential partner without covering the tab. Expect to spend $250-$350 for a nice dinner out. You can’t expect to close the deal without having to pick up a tab or two.
  2. Gas. Gas isn’t expensive, if you just drive to work and back. But chances are you will be picking people up from the airport. Driving around for meetings. Shopping and going on a lot of dates because you finally got your clout up.
  3. Food. Since you will always be on the road, you won’t be eating at home anymore. You have to grab food on the road, in between meetings, at dinner, and at the most expensive place of ALL – the Airport.

Get comfortable with it

Make sure you budget for these upcoming expenses. And don’t try to keep your expenses down. They will naturally need to go up in order for you to expand your business. This will be uncomfortable at first because our parents always taught us not to spend money if you don’t have to; but it’s just money. Money is just a tool for you to use to get where you’re trying to go. So use it.

I hope this helped. Leave a comment below. And share this with a friend.

– Quentin B. Smith

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Quentin B. Smith is the bestselling author of Millennials to Millionaires, recognized automotive dealer, and motivational speaker on personal finance, investing, and entrepreneurship. Mr. Smith’s 2 privately held companies reflect his honest viewpoints on the economy, the middle class mindset, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. Catch him in highly held finance publications as he urges his followers and associates to Make it Happen and go from Millennials to Millionaires. He currently resides in Salt Lake City, UT with his friends, team, and cars. Visit http://quentinbsmith.com for his latest blogs, news, tips, and training!

 

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8 Crazy Services Every Millennial Entrepreneur Should Be Using

There are a few companies really disturbing the business world, but more importantly, the way we live our daily lives. It’s super hard to get out of our old ways, but lately I’m finding that it’s harder to fight it than to just use these wonderful tools.

As much as I hate to admit it, they really do make things easier. It’s time to embrace these new companies that are really pushing the boundaries because they are here to stay! The future is here. Here are the companies that are changing the way we live, work, and play:

VELOCITY BLACK

Velocity Black is one of the new subscriptions that I am interested in. It’s a fun service for millennials. No, seriously, its a fun service. Check out this cool vid:

https://velocity.black

JET

You can use this app to order your groceries. Who likes going to the store anyway? It’s such a chore. Check this out:

http://jet.com

TESLA

Tesla just dropped yet another game-changing vehicle. The 250 MPH coupe, and a semi truck. While many people will be excited about the coop, I am more excited about the semi truck. Here’s why: Walmart has reportedly already ordered five semi trucks which is interesting, because it is a real life example of how transportation is about to change. People think that old industries will go away with the advancement of the Internet and technology. But, no matter how many things you are online, somebody still has to deliver them. Which makes the transportation industry the future of wealth creation and tesla CEO, Elon musk, knows this, man.

Here’s the thing, with 5 models now, everyone can get a Tesla. A Tesla model 3 is $28,000 after tax credits, which is cheap AF for a car that drives itself, and lets you stay productive (use your phone without looking) on the road. Check it out at

http://Tesla.com

BITCOIN
It’s a new kind of money. It’s all virtual, and it’s giving the people back control of their money. Came out in 2009 during the financial meltdown, which was perfect timing.

It allows you to send virtually any amount of money to anybody in the world without a trace, without the wait, without the bank, and without the fees. Bitcoin is making a lot of people rich too. It debuted at $0.17 and is now worth $8000. For more information on Bitcoin, and how it works, register for my free bitcoin webinar on how $300 in bitcoin can change your life forever…

http://bitcoin.org

UBER

Your private driver.

We all know about this app by now. Uber lets you skip the cab and ride in style by delivery if a car and driver to your location. Just use their app. Most of my friends are millennials and have been in more Uber’s than grocery stores, but if you’re reading this to get a grip, check this video out:

http://uber.com

JETSMARTER

Have you ever seen those young ass kids flying on private jets? Chances are, they are using this. This is the sickest app, you may not have heard of. It’s called JetSmarter, and it’s Uber for private jets. For $5000 a year you can take a private jet anywhere 3 hours from your house (driving hours). For $15,000, you can go anywhere in the world pretty much. With flights from NY to London, London to Moscow, and Moscow to Dubai.

You may be thinking $15,000?? 🤔 But, here’s the thing, traditional private jets are $20,000 round trip from Atlanta to Miami – one time. Make sense now? And it’s unlimited. Just pick a seat and go. First seat is free, additional seats are extra. You can even reserve the whole plane.

http://jetsmarter.com

AIRBNB<<<<<<<<<<<<<<<<<<<<<<
f you get tired of sleeping in hotels,AirBnb let's you rent an entire home for the same price, and do it all from your phone. Get with it. https://youtu.be/dA2F0qScxrI

http://Airbnb.com

WARBY PARKER<<<<<<<<<<<<<<<<<<<<<<
ut Warby on the list but I think they deserve a major shoutout because they are not actually a tech company like the rest of the companies on this list. Warby Parker actually makes sunglasses and eyeglasses. But, they have embraced technology like no other. In their app you can now find a perfect pair of shades using the iPhone X's Face ID. You don't even have to go to the store. If that's not enough, you can try on the pair in real life and keep them for 7 days before you pay for them. Insane. Check this out:

http://WarbyParker.com

IN CONCLUSION<<<<<<<<<<<<<<<<<<<<<<<
ber to your vacation home, party all night in some cool shades, all in time to come home to fresh groceries that your paid for all in Bitcoin. Crazy right?

Is this is too much change too soon? Let me know your thoughts in the comments below. 👇

– Quentin B. Smith ✌️

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Get the Book – Millennials to Millionaires: The Young Entrepreneur’s Guide To Getting Out of Debt: http://bit.ly/m2book

Quentin B. Smith is the bestselling author of Millennials to Millionaires, recognized automotive dealer, and motivational speaker on personal finance, investing, and entrepreneurship. Mr. Smith’s 2 privately held companies reflect his honest viewpoints on the economy, the middle class mindset, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. Catch him in highly held finance publications as he urges his followers and associates to Make it Happen and go from Millennials to Millionaires. He currently resides in Salt Lake City, UT with his friends, team, and cars. Visit http://quentinbsmith.com for his latest blogs, news, tips, and training!a

3 Tell-tell signs that you may have the wrong business partner…

Signing on the dotted line
Quentin B. Smith signs on the dotted line for an investment.

1. Make sure they have Good credit.

Over 700. Find out if they have student loans. As a new business owner, you will eventually be applying for loans using your personal credit until your business has established its own credit that is good enough to be run on its own.

Business are usually able to secure larger loans than individuals, making the credit check a little more strengent than normal personal credit applications. You want to make sure you have minimized your debt and your partner has too. 

2. Make sure they haven’t had any run ins with the law.

When looking for investments from outsiders, venture capital firms want to know if they can trust you with their money. How can they trust you if they find that you have two armed robberies on your record. 

If you and your partner are not ethical people, you won’t build an ethical business. Point. blank. period. 

3. Make sure they have kids. lol

I know this sounds counterintuitive, but I prefer to work with partner with a family than a partner without one. People with kids are not playing around. They have mouths to feed…

In conclusion

No matter how much you like a person’s personality, they have to be good on paper too. As you can see, It pays to stay clean and stay out of trouble. Hope this article helps. 

Wishing you success,

– Quentin B. Smith

Follow me on Instagram at: http://instagram.com/quentinbsmith