Financial Intelligence
With the global financial and emotional intelligence portal

When I tell people that I am a professional writer they always assume I write for traditional print publications. When I tell them that in fact I write solely for the internet these days they always have one question: “Can you really make money online?” The answer is yes. You really can make money online.

I have been making a profit from my internet publishing since 1999 and I try to share the hard-won lessons that today shape my business decisions and bottom line. Yes, it is true that you can really make money with your own internet business but several warnings must go along with that statement.

The first and most important warning is that it is not fast. There are people making a good part-time or full-time income and there are some people becoming very wealthy doing business on the internet, but there are no overnight successes in in the ebusiness world. Some folks can quickly take an idea and turn a profit but that is because they are experienced internet entrepreneurs. Newcomers are not going to turn an overnight profit so do not go into expecting to make a quick buck.

The second caveat is that starting an internet enterprise is not easy. It does not necessarily need to be terribly difficult but it is not going to be as easy as buying some ready-made package or turn-key business and then waiting for the checks to pour in. You will have to research, process, and learn. You will have to spend time doing this and you will have to make some mistakes along the way. Depending on your level of expertise going in your learning curve may not be very great but you will need to allow time and energy for this process to work. I do not recommend buying into some pre-packaged program or service. It is often expensive and you are usually buying a pig in a poke that will not deliver as promised. You are much better off taking your own idea and building your own business from scratch. That way it will be yours, it will be less expensive, and you will be equipped and experienced to build and grow that business or develop a new one.

Finally, there is no sure path to success on the internet but there are thousands of ways to fail. Many of the people who fail were not given the two warnings above or they chose to ignore them. Many people throw a lot of time and money around without studying and learning. You can start a ebusiness for free or very little but it will take time to build it up and it will take time to make yourself into an internet entrepreneur. The more you study and learn then the more successful you can be when you translate those lessons into actions. Anyone can find success on the web but it takes time and effort.

For as long as we have had currency to exchange, there have been those who produce, obtain and distribute that currency for unlawful purposes. In the past few decades, with the prevalence of online business (e-commerce) and the increasing anonymity of customers across the globe, these practices have adapted to become more dangerous and more difficult to investigate. For these reasons, the United States federal government has instated a system of regulations designed to standardize the way U.S. businesses communicate with consumers and move currency between hands and around the world.

Among the agencies that see to the organization and enforcement of these transactional regulations is the Financial Crimes Enforcement Network (FinCEN). Compliance with FinCEN, most notably the Bank Secrecy Act, is an essential component of running a secure and federally sound business, both online and in brick-and-mortar locations. In this article, we’ll discuss the basics of FinCEN, the Bank Secrecy Act and how to determine if your business must comply.

What is FinCEN?
FinCEN was established as a division of the United States Department of the Treasury in 1990 in order to provide a network of financial intelligence and analysis resources to the government as a whole. FinCEN operates toward the efforts of business transparency in order to detect, mitigate and prevent criminal transportation and use of U.S. currency both here and abroad. Through the FinCEN network, the U.S. government has built relationships worldwide by sharing financial intelligence and keeping domestic businesses at a consistent level of financial security.

What is the Bank Secrecy Act?
The Bank Secrecy Act (BSA) is comprised of the first federal laws specifically written to fight against criminal money laundering by putting forth a set of security requirements with which all U.S. businesses must comply. Placed under the administration of FinCEN in 1994, the BSA includes both the original anti-money laundering initiatives and those added following the creation of the USA PATRIOT Act of 2001, which broadened the BSA to encompass anti-American funding and pro-terrorism trafficking of American currency.

What Businesses Must Comply?
As a matter of national security, all American businesses have a responsibility to verify the identities of all persons with whom they do business. However, those who will be the most impacted by FinCEN and the BSA are financial institutions. These include, but may not be limited to: depository institutions, security brokers and dealers and financial service providers. Contact your local government branch if you need clarification as to your level of obligation to FinCEN regulations.

Electronic Verification Systems, an industry leader with more than 10 years of data provision and fraud prevention [http://www.electronicverificationsystems.com] experience, specializes in integrating identity verification and authentication procedures into established business security structures. If you’re concerned about staying compliant with FinCEN and other federal regulatory bodies, we are here to help. We can implement a comprehensive identity verification or identity authentication program that blends seamlessly into the end-user experience for the very best in security and customer satisfaction. Contact us today at ElectronicVerificationSystems.com.

We live in a world of abundant opportunity. Especially for those of us who are fortunate enough to live in a land that is free of persecution and where the systems are for people to create financial freedom in their life if they chose to do so.

Like many others before us, armed with the right knowledge and some application you can start from nothing and work your way to financial freedom. It’s going on every day all around us and if it can happen for others it can for you as well.

Sadly though for many people the dream of financial independence is just that. It’s a dream. And no matter how hard they try they are simply unable to connect the dots and make the system that is in place around them work to their advantage.

Why is that? Why is it so difficult for people to create wealth when we all have the same systems and rules in place around us for people to build wealth? We all operate under the same tax laws, banking systems & business opportunities that others have. And yet for all that there are people who are still struggling to break free of poverty to live the life they dream of no matter how hard they try.

Why do so many people desire to become financially free but end up living a life of desperate poverty?

Simple Reasons Why Most People Cannot Create Wealth In Their Life

I discovered the answer to this and other questions when I started reading Robert Kiyosaki’s books Rich Dad Poor Dad and Cashflow Quadrant.

Robert Kiyosaki teaches that in order to become wealthy a person needs financial intelligence and that without it, you simply cannot create financial freedom in your life.

Think about it for a moment. Is knowing how to make money any different to anything else that we learn in life? We were taught how to drive cars and cook our own meals. Surely we can learn how to work with money to become wealthy and create financial freedom ourselves.

Robert Kiyosaki also teaches us that making money is a skill like anything else that can be learnt and that if a person is willing to dedicate themselves to their financial education they too can become wealthy.

It’s your financial education that is lacking and when you understand the principles that enable you to create wealth, you will be able to operate with those principles and manifest the success you are looking for.

It’s a bit like flying a plane. When we understand the laws of flight, we can engineer an aircraft and fly that thing around the world day after day in complete safety. Why can we do that? Because we have learned the laws and principles that govern flight and when we understand those laws and operate in them, flying is as easy as walking down the street.

8 Essential Principles For You To Break Free From Poverty & Create Abundance

Robert Kiyosaki says that in order to become wealthy we must think like the rich think and do what the rich do. So what do the real money makers do to create wealth? What principles do they operate in to become rich?

Let’s have a look at these principles for wealth creation as taught by Robert Kiyosaki.

Passive Income

The first principle that we need to have in operation to create wealth is that we must look for ways to create passive income streams. Passive income means you are earning money that you do not have to work to earn. The money simply rolls into your account with virtually no effort on your part. The more passive income streams you have in your life the more freedom you will enjoy which gives you more time to focus on other things in life that you want to pursue. Passive income is linked to quality of life. Those that have it tend to live a higher quality of life.

Residual Income

Residual income is similar to Passive Income in that it continues to roll into your account without any effort. However Passive Income can be temporary while Residual Income indicates a more permanent arrangement. Residual meaning that it continues to flow for longer periods of time.

Leverage

What is leverage? Leverage is the principle of using something to give you more power to achieve an end result. Like lifting a heavy object; a lever can help you do something that without it you cannot do. In the financial realm; leverage can be obtained by having your money work for you in investments. In the business realm it can be hiring extra people in your business to achieve a greater output or purchasing new equipment to do more work. Other forms of leverage can be seen in creating a product with high intellectual value such as books, movies, music, photography etc. All of these items can be easily reproduced and sold many times over. Once you have created your original you can easily create as many as you like and resell them.

Compound Growth

This principle is a simple multiplication factor. Compound growth can be seen in the financial realm in instances where you take out long term savings plans that grow and accumulate over time. The longer you leave the money in there the more compound growth you will achieve so that by the time you withdraw your money you would have a lot more in the bank than if you simply stuffed it in a box under the bed. Compound growth can also be found in network marketing and MLM businesses.

Money Working For You

This is a simple form of leverage. Instead of you working for your money you have your money working for you. An example of this can be found in bank interest on your money or investments in stocks. This is also a wonderful form of Passive Income as well.

People Working For YouWe all know what this is. Instead of you working for your money you have people working for your money. This is why business can be so powerful in wealth creation; by employing other people you have the ability to create more goods and sell more items which means you create more income. The more people you have working for you the more money you make.

Knowledge Working For You

Yes you can have your knowledge working for you. The more you know the more financial bargaining power that you have. If you know something that is in demand you can put a higher price on your knowledge than something that everyone else knows. The great thing about this principle is that you can learn more, and the more you learn the more you can achieve financially.

Work With Systems

Robert Kiyosaki teaches that the rich look for and work with systems, everyone else looks for a job. To become wealthy you must be working with a system in some form or another. Some examples of systems are businesses where you can employ others and have machinery do the work for you, franchising, real estate, network marketing & MLM. Systems enable you to create vehicles to pull the money in to you. The bigger your system is the more money that you can attract.

Where Can You Find The Perfect System To Create Wealth?

For most people to see the above principles working in their life can be a difficult task to achieve. It can often take large sums of money to have your money work for you or to set up a business system that can set you free. And there is also a lot of risk involved.

But all is not lost. There is an answer that Robert Kiyosaki highly recommends. It’s called Network Marketing or MLM.

The above principles that we discussed are why Network Marketing or MLM can be so powerful in a person’s life. As Kiyosaki states, for a low price you can buy into a system that can deliver powerful results in your life without the risk of losing your security.

Network Marketing is also a great place for people to learn to become entrepreneurial.

Conclusion

Robert Kiyosaki calls Network Marketing the Perfect Business Opportunity. Why? Because when you operate a Network Marketing business you are operating under the principles that govern financial freedom. You are working within a system that has the potential to set your free and create wealth in your life.

The above principles that we discussed that are the principles required to create wealth are also the same principles that are in operation within a Network Marketing business.

For the person who is living in quiet desperation, struggling for ways to change their life, Network Marketing can be an absolute gold mine for creating wealth and financial freedom for themselves.