There is a #phenomenon where a person successful in one area decides to focus their #energies on an unrelated area, to the detriment of their more successful work.

Michael Jordan, a #basketball wizard, decided to try to become a professional #baseball player. He (to use a technical term) #sucked at it.

After the incredible success of the single "Jump" from the 1984 #album, Eddie van Halen became obsessed with adding more synthesizer to Van Halen's music. The reality he never accepted: nobody ever went to a #concert to watch Eddie van Halen play #keyboards.

Why do I bring this up? Because it's the closest thing I can think of to explain the way that Mozilla has behaved for years. #Mozilla had #Firefox, a great, freedom-and-privacy-respecting web #browser used by millions of people. Instead of focusing on that, they pissed away engineering time, money, and #users by chasing #irrelevant crap.

Nobody ever used Firefox or supported Mozilla to build an encrypted file transfer service.
Or to become just another player in the VPN market.
Or to build a VR browser.
Or a reading list manager.
Or an IoT device manager.
Or a Macromedia / Adobe Flash clone.
Or authentication service.
Or geolocation service.
#AI #junk.
Voice recognition.
Journalism.
Built-in #ads.
Search engine.

Van Halen continued to be #successful despite Eddie's #synthesizer obsession, not because of it.

If Mozilla continues, it will be despite their #distractions, not because of them.

#VanHalen #Jump #why

We must understand the relationship between the essential business and investing words in our personal financial statements: 1. Income, 2. Expenses, 3. Assets, 4. Liabilities, 5. Cash, 6. Flow, 7. Buying, 8. Credit, 9. Net. Mastering these words rises our financial intelligence.
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Positive cash flow provides freedom and reduces financial stress. When our company controls the asset, money continues to flow in. Cash flow or passive income is taxed less than capital gains from asset sales. True financial independence occurs when our assets make us cash flow.
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Cultivating an entrepreneurial mindset takes time. Building true brands like Starbucks, Apple, X and McDonald's, etc., took years, as did Amazon’s rise in selling online. Great businesses and leaders grow daily and over time. Most people seek fast money and instant gratification.
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As inside investors, we invest in real estate and other asset classes. Investing should not be a gamble. A strong financial understanding is crucial for successful cash-flow investments. Using facts, a winning plan with an exit, and following fundamentals reduces investment risk.
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We must master passive income and capital gains, then reinvest the monies in cash-flowing assets. As business owners, our job is to raise capital. Selling using systems and smart marketing are key skills. As inside investors, our job is to invest money with a plan in true assets.
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Pain is the fuel of transformation. — কষ্টই পরিবর্তনের জ্বালানি। #startup #motivation #success #successful #dress #aimesbd #help #transformation
True financial freedom and wealth come from us being business owners and inside investors, not employees and self-employed with high salaries. Affluent business owners and inside investors thrive from passive income(positive cash flow) and capital gains income, not earned income.
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Keep corporate documentation up to date. It is essential to maintain our minute book with annual and special meeting minutes. All states require at least one annual meeting with written minutes. While not all states mandate yearly meetings for LLCs and LPs, we must hold meetings.
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Mastering our financial statements is crucial for building true wealth and freedom. Without understanding it, people struggle in a debt-driven world. Money has become a form of currency rather than real money. We can invest like the government, which prints debt(money) to invest.
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