On this episode we talked about why Entrepreneurship might not be for everyone, but Ownership is. The importance of approaching entrepreneurship the right way by taking it upon yourself to fully understand the activity/activities of setting up a business or businesses to it's entirety. We talked about Ownership and how ownership gives you control. We also discussed LeBron James recently becoming a part-owner of the Boston Red Sox, why we don't like MLM's (Multi-Level Marketing) and Forex (Foreign Exchange Market) and much more.  

Key Takeaways: 

How to establish a business tips from Small Business Administration (sba.gov) 

-Conduct market research and find a mentor who is in the business that you would like to get involved with.  

-Get a professional business plan written. 

-Acquire or save up some money to fund your business started. 

-Pick your business location/address.  

-Choose a business structure (LLC/S-Corp/None-Profit) etc. 

-Choose your business name.  

-Register your business. 

-Get federal and state tax identification numbers IDs. 

-Apply for licenses and permits. 

-Open a business bank account. 

-Get a Certified Public Accountant (CPA) to assist you or consult on any of the above as well as taxes.   

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

Networking is by far the most important tool in your kit for unearthing new opportunities. You don't have to be the most popular, extroverted person during your Life on a Mission, but you do need a network. Fonz and Steph can attest to the benefits of networking first-hand and will provide you the necessary steps to break out of your shell, identify your most effective networking persona and use the knowledge shared here today to relentlessly network your way into plays you may currently think you have no way into. Networking is the key to many a locked door- 

!!!ACTION ITEMS!!!

1.INTERNALLY determine at a minimum TWO subjects of interest for you which you have deep domain knowledge.... simply put, stuff you've been called by other people an expert in and you can self-identify as an expert in. in that you approximate can make you some money! See our Governance episode for tips here, as establishing yourself as a (wo)man with a plan is imperative to translating your knowledge to dollars.

2. IDENTIFY places and spaces where your domain knowledge would be appreciated in and discover the clientele of these places. You want to ideally be around people with discretionary income and valued professional and/or social standing. 

3. INTEREST your prospective additions to your network with a VALUE PROPOSITION. Domain knowledge + Exposure + (Perceived) Value = Opportunity. 

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

Authority. "The right to control, command or determine". It's innate to humankind to crave this power, however we innately lack the very means to it's acquisition. I break down some of the concepts one needs to understand on the acquisition and acquiescence  of consistent authority. It some realms, you're gonna be the boss. In other realms, you're going to need to identify and follow top-notch authorities or be led astray. 

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

On this episode we discussed Creative Financing. The goal of creative financing is generally to purchase, or finance a property, your educational expenses or whatever the case may be using as little of his own money as possible, otherwise known as leveraging, OPM (Other People's Money). It can even be leveraged as a means to secure the funds for educational purposes as a pose to securing funds via traditional methods. This allows you to get better rates or even alleviate interest rates entirely. But it does come at a cost (outside of having a good credit score/history, solid income to debt ration, track record of payment history etc the preliminary requirements) you MUST be reliable, trustworthy, dependable, have developed personal rapport with the other party involved and have a track record of a high level of Integrity. In addition it comes down to honesty and consistency of character if you lack in any of this then it's not an option for you. This is an option that potentially could save you money. Essentially this episode is life hacks to get you thinking outside the box. 

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

Life on a Mission Wednesday's with more of that free game listeners across the world are soaking up.  

Buy and hold is a passive investment strategy in which an investor buys stocks (or other types of securities such as ETFs) and holds them for a long period regardless of fluctuations in the market. An investor who uses a buy-and-hold strategy actively selects investments but has no concern for short-term price movements and technical indicators. Many legendary investors such as Warren Buffett and Jack Bogle praise the buy-and-hold approach as ideal for individuals seeking healthy long-term returns.

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

On today's episode we had a special guest Brian Robinson AKA "The Infamous CPA". Brian is a full-time entrepreneur in real estate, the car rental business, credit restoration, digital courses, consulting, and personal finance. Brian also has a background career in public accounting. We discussed house hacking and real estate, passive income strategies, the car sharing marketplace and business, how to build credit and maintain it for both business and personal purposes, taxes, and much more.

For more information and to get in touch with Brian you can reach out to him on Instagram and Twitter @theinfamouscpa and check out his website https://www.theinfamouscpa.com/

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

Life on a Mission Wednesday's with more of that free game listeners across the world are soaking up. 

ACTION ITEMS:

!!!!Build your credit score!!!

If you have a bad, low or fair credit score, you can see a lot of benefits to this score immediately by doing the following:

1. Pay what you owe: Work with a credit professional, do your research on how to deal with accounts in collections, whatever you need to do, you need to pay what you know you owe. Creditworthiness is built on this principal for most people in the world- will you pay your debts under the terms laid out before you? When I haven't done this, I became "delinquent" which was a "delinquent" attitude. As a responsible father, I pay my creditors on time, typically earlier and sometimes for more than what they anticipate. Take the weight of responsibility seriously when you're looking for OPM to finance your life.

2. Get a credit builder account: We strongly recommend secured credit cards such as Self and OpenSky to begin building your credit score with small amounts of money. 

3. Get a serious credit monitoring toolset: We strongly recommend myFico for this. Your credit should become part of your business and thus a business expense, a professional toolset is mandatory in my opinion. CreditKarma and the like are too limited.

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

On this weeks episode we discussed NFTs. NFT's are non-fungible tokens. They act as a non-applicable digital certificate of ownership for any assigned digital asset. Basically, it is a smart contract that is put together using bits of open source code used to secure that digital item. We talked about this at a high level on how to get involved, the pros and the cons and much more. 

NFT Additional Resources:

https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq

https://knownorigin.io/ 

https://dappradar.com/nft

https://rarible.com/

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

Life on a Mission...on a Wednesday? Again? Better late(r than ever) than never, Steph's actually editing the episode and episode notes for another Wednesday market update. "I was caught up with work and Microsoft Information Protection this go round, big things in the works this year! In an era of swinging profit margins, it's nice to have a reliable company like Microsoft to look towards to make plays...but this episode ain't about them."

Enjoy this buggy episode, a lot of amateur night bugs but Life on a Mission is all about forward movement, we don't stop! The kitsch editing is part of the appeal! Right? 

Space. The final Frontier. Big money to be made. Electronic vehicles? Big planet to be saved. Fonz and I like both plays.

ACTION ITEMS:

If you haven't already, Sign up for a brokerage if you don't have at least two already: TD Ameritrade and webull are just two we'd recommend Bookmark Investopedia. Analyze at least 3 different companies in the same sector representing A Superstar Player, A Consistent Mid-Tier Player and A Promising Rookie. Risk manage a strategy to enter into a long investment strategy with representation in one or all 3 of the identified companies (players on your "Money Team").    Track your results over the next month. Email [email protected] with questions and concerns, while we can still respond to the people we're going to do that.

Read up on Microsoft AI, Amazon AI, etc. Find 3rd party vendors that may or may not be going public based on profitability. Park some money with these companies if you can afford to after doing your due diligence.

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice

On this episode we discussed Governance at a high level and why it’s important in life. Governance exists anytime a group of people come together to accomplish an end and also in your own life on a mission. 

Follow us on Instagram and Twitter @loampod for more information feel free to reach out below as well.

Steph: Instagram @misterbottles and Twitter @GEDSuccessStory

Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27

DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice