November 2009
Beginner to intermediate
256 pages
10h 55m
English
book
The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
by Ken Fisher, Lara W. Hoffmans
Content preview from The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
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Find an economically
vibrantarea with low
taxes
and start
small.
166
1The Ten Roads to Riches
GETTING
STARTED
You're ready. First, find an economically vibrant market. Vibrant
doesn't mean pricey or
affluent-you
don't need Beverly Hills.
The
best places are business- and employee-friendly, where future growth
continues. Jobs pay for everything. Land barons need tenants, rent-
ers, or buyers. People go where jobs are, and jobs are where prosper-
ity
is-where
folks want to shop, work, live, lease, and rent.
This
isn't
a tough notion to fathom. You don't need (or even want) a major city.
Third-tier
cities in employee- and employer-friendly areas are fine.
How
do you find such places? Research state income and sales
tax rates. A shortcut:
Fortune magazine occasionally does features
like"
100 Best Places to Live." An April 2008 feature
titled"
100
Best Places to Live and Launch 2008" assessed business environ-
ments, tax conditions, and overall quality
of
life.
They
did your
homework for you! You can Google it or follow this address:
http://
money.cnn.com/magazines/fsb/bestplaces/2008/.
Then
, incorporate.
Or
create an
LLC.
You shouldn't bear risk
personally-your
business does that for you. Your business protects
you when people sue. And they will! It's better they sue your busi-
ness, which is insurable for litigation, than sue you.
Start
Small
and
Unsexy
Start small and bootstrap. (Revisit
Chapter
1 for why.) You won't
have enough cash
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.