The "Rule of Three" is used in learning situations with young children, wilderness survival, mathematics, language, and so much more. I want to focus on learning and survival because both of these topics, when looked at from a big picture, also apply to your finances. You need to learn how to use your money efficiently to pay for things that you need to survive (like I said, big picture).
Rule of Three in survival situations:
You can survive for 3 Minutes without air (oxygen) or in icy water
You can survive for 3 Hours without shelter in a harsh environment (unless in icy water)
You can survive for 3 Days without water (if sheltered from a harsh environment)
You can survive for 3 Weeks without food (if you have water and shelter)
The main point of this set of "Rules of Three" that you need to focus on the most substantial problem first. If the biggest problem is that you can't breathe we need to remedy that immediately.
I hear you asking "How does this apply to...
My goal in life, through God's guidance, is to help as many people as I can reduce and relieve stress brought on by financial burdens like debt. I hear pretty regularly about how you guys are nervous about taking the next step in your business because you don't have the cash flow to spare right now.
Since many of you are entrepreneurs, business owners, and people who are ready to start your own business, I thought today we would talk about how vital activity is when creating your Kingdom.
So, let's grab a cup of coffee and maybe even a notebook because I'm going to talk to you about how you can implement the steps I took to launch my business and build my Kingdom for yourself.
I started my business after seeing the Velocity Banking method work for my family - I saw how it worked and felt passionate about sharing the info I learned with as many people as possible.
The best advice I can give you about growing your business is to choose a platform - blogging, YouTube,...
The third step in our Kingdom Series to establish our Kingdom Authority here on Earth is to protect our Kingdom. Some of the items I’m going to list are things people ignore until the last minute. So, I have a list of things you need to have to protect your Kingdom – no matter how old you are, or how many family members you have:
After Death Trust
Financial Power of Attorney
Medical Power of Attorney
I am 23 years old, and I have a life insurance policy, I am establishing a will and trust. Next, I’m looking into estate planning services - which should lay the groundwork for the powers of attorney. So how do you do all these things? How do you really put all of this together?
I want to explain to you the first 3 steps I’m taking to ensure I leave a Legacy for the people in my life.
Right now, I am working on building a team, running your business by yourself gets overwhelming quickly. Many of...
To have a prosperous Kingdom, you need to have the right tools. We need tools to help us build, maintain, and grow our Kingdom. I'm going to show you the tools that I currently have, and then the tools that I'm looking to acquire as my business and Kingdom grow. This is part four in our Establishing Your Kingdom series, and it's been wonderful seeing the action people in the community have taken over the last month.
To start, you must know your finances. You need to know where every dollar goes. "How do I know where every dollar goes?" You look at your accounts. Open up your financial statement, check your balances, check your bank accounts, look. Make sure we know our 4 major numbers:
Now, I'll hop off my soapbox and get into my list of tools I continue to use for my business that will help you and your business stay organized and move forward no matter where you are in your journey as an entrepreneur, startup business owner, mompreneur, or...
I went to a training this spring where we really focused on the concept of the gratitude mindset. This really flipped my views on what my next steps in my business would be, so I wanted to share the most significant pieces of gratitude mindset and how you can apply gratitude mindset to your life, every day.
What is Gratitude Mindset, you say? Well, it's the action of seeing the upsides instead of the downsides to the situations around us. Or if you like metaphors, we will be working to see the glass as half full instead of half empty.
Many people look at their circumstances and see that they don't have enough money to achieve their dreams, or their partner may not be living up to the expectations we have set, maybe you think after a while that your home isn't nice enough or your car isn't new enough. We don't usually stop to consider what a blessing it is that we even have money in the bank, a job, partner, and roof over our heads.
It's become commonplace, and even comedy to...
Our sixth step in building our Kingdom is deciding if we're ready to build a team. Let's say you've 10 X'ed your income and you are starting to get overwhelmed by the amount of work that has started to come in. As you build your business and your influence tasks you once saw as “relaxing busy work” may begin to feel tedious. This is one good sign that you are ready to outsource and hire people to help you grow your business.
So, I’m sure your next questions is, Denzel, what do you need to look for when I start to build a team – what are my first steps? Don’t you worry I have 5 things for you to think about when you are ready to build your team.
Let's start by figuring out the things in your business that cause you stress, the things you may not be good at, or things that delay your time. If you are busy doing things you don't love you won't have as much time to help your next clients.
Find a role model, or a couple of role models whose company,...
So, let's start at the beginning because on a basic level, we've already discussed the two main types of income streams, Active and Passive. Active Income is income earned by actively putting forth effort to create income while Passive Income is the income you earn in your sleep.
Many of us are already hustling and bringing in a second stream of income, whether we realize it or not. Did you know 4 in 10 Americans have a side hustle or a source of income that is outside of their standard paycheck? Now you're wondering - what are the benefits to having multiple streams of income? Well, I'm here to share my three favorite reasons why people are gravitating towards having various streams of income, and I'll share a video explaining my multiple streams covering how I'm expanding my Kingdom.
Potential for More Financial Security
Multiple streams of income make you feel more secure in your finances. Your day job may pay your bills, but if you are already on a tight budget and ready to...
Today we are going to be talking about how to launch a business for your Kingdom, and how to choose an entity type for that business. So first things first, what are the different options?
Sole proprietorship: A sole proprietorship could be right for you if you want to run a small-ish operation, with a few employees or contractors. For this type of business, you need to be comfortable making 100% of the business decisions.
+ there is no legal paperwork involved (apart from local licenses/permits)
- It can be hard to get financing since banks and investors see a sole proprietorship as a risky business entity.
Partnerships: If you or your industry thrive better in a creative and collaborative environment, a partnership might be the right type of business for you. Popular examples of partnerships include law firms, bars and restaurants, creative agencies, and family businesses.
+/- Partners equally share all costs, debts, and losses (except in limited partnerships)
Recently I have started talking about mindset shifts here on the blog - while this topic is always sprinkled into my YouTube, Facebook, and Instagram content I'd like to dedicate a moment to further discussing ways to improve your life and your Kingdom once you understand Velocity Banking and have your finances in order.
We all know that maintaining a firm understanding of your finances removes many stressors from the average person's life - many people who have all of that under control still don't have their Kingdom in order. So, let's talk about 5 things you can work on every day that will help put your Kingdom in order:
Find Your Rhythm: As entrepreneurs and business owners, many of us forget where the lines of our work and home lives begin and end. Set clear boundaries for yourself and the people you love so that there is a clear understanding of when work begins and ends - there are exceptions to this rule (it's also good to have guidelines for what those...