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INDEX

Debt: (continued) dictionary defi nition, 86
cutting up credit cards, 67 fi nancial benefi ts, 87–88
“debt diet,” 66–74 fi nancing:
debt-free date, 73–74 purchase of business, 111,
determining pay-off ratio and 119–120
pay-off priority, 69–70 start-up business, 93–94
downloadable Debt Elimination MAP (mindset/actions/process),
Plan, 69 86–87
elimination plan, 68–70, 72, 78 misconceptions about, 85–88

financial freedom, controlling debt number of business in
and, 42–44, 69–70 United States, 86
Financial Vision Statement and, number of sole proprietorships in
32, 34–35 United States, 86
interest rates, 68, 73, 74 obstacles to, 91–95
investing your debt money, 70 career risks (loss of income; loss of
lender’s terms, never using, 66–68 work environment), 94
lifestyle free of, 49, 79 health, stress, long hours, 94
negotiating down, 67–68 inertia, 95
organizing, 69 lack of financial resources, 93

paying off, 68–69, 70 lack of self-confidence, 94, 95

simple principles, 74 lack of the big opportunity, 94
spouse and, 49 minimal tolerance for risk, 95

taking inventory, 69 potential for financial loss, 93–94
trap of rolling into a home refi nance or pressure on family, 94
second mortgage, a huge trap, 68 reasons to start your own business
Decision making, 90 business:
Deferred income, 204–205 creating wealth, 87–88, 96
Discount brokers, 53, 60, 61, 180 realizing personal potential, 87, 96
Discounts/coupons, 80 risk, controlling, 92
Disney, Walt, 24 self-assessment (downloadable

Diversification, 164, 185–187. See also Essential Entrepreneurial Power
Portfolio management Skills), 92
Dow Jones versus CPI, 134 skills, 89–91
“Dream team”. See Financial advisors Entrepreneurial exaggeration, 24
Due diligence, 111, 118, 121–122 Envy versus jealousy, 37–38
Equity credit line, property, 138
Earned income, 204 Equity mutual funds. See Mutual funds
Edison, Thomas, 92–93, 94, 95 Estate planning, 209–218
Einstein, Albert, 24 attorneys, 51
Emerging growth areas, real estate Charitable Remainder Trust
investment, 136, 154–156 (CRT), 215
Emerging markets, 176, 188 gifting, 216
Emotions, controlling, 16, 170 information sources, 218
Entrepreneur(s)/entrepreneurship, Irrevocable Life Insurance
83, 85–95 Trust, 216
business, buying/starting your own need for, 211–212
(see Buying a business; Starting a probate avoidance with Revocable
business) Living Trust, 213–215

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