If you are like most folks you know that investing is a great way to build wealth. However most assume it takes being rich to get richer. But there is another way. It's what bootstrap entrepreneurs with no start-up capital do to get ahead.
Sweat Equity and Perspiration Profit
Have you ever heard about sweat equity? Sweat equity is the contribution we make to a project through our own effort, as opposed to buying a share with our money. Sweat equity could also be the value we add to our property but we are not talking about this kind of sweat equity. I will bet you have lots of that kind of sweat equity, but the problem is it won't pay you dividends until you sell your home. Sweat equity investments can not only be lucrative but can come with much higher returns than capital investments. However there is a catch, you only have so much time in a day. This is why it is so important to focus your sweat on things that will not only make you income now but continue to make you more in the future.
Sweat Equity is Effort that Adds to or Produces an Asset
Most people think that an asset is only purchased. But that is not the case. Here is a list of cash producing assets that can be built with sweat equity.
- Writing a book
- Writing a song or album
- Building a Product
- Creating an Educational Training Course
- Building an network
- Building a customer base
All of these things can be built with sweat equity and can continue to pay you long after you do the work.
The rich get richer and the poor get poorer, they say. I used to believe that when I was working for someone else. That was the second dumbest thing I ever did. The dumbest was applying for the job in the first place. Once I had access to the financials of the company I worked for, I discovered that smart people get richer. Others are grateful for a pay rise to cover inflation.
It is Time to Have a Plan B
Employers have gone away from the idea that an employee is a long-term asset to the company, someone to be nurtured and developed, to a new notion that they are disposable. Before the boss disposes of you, you need to find a way out of the relationship.
Do not kid yourself into thinking the boss loves you to bits for what you do, or that the company plans to keep you in comfort forever. That only happens to horses nowadays that gave of their best. You are where you are because you are a moneymaking machine. The only problem is you are not making money for you.
Building a Network and Customer Base
We are not the best selling authors, musicians, inventors of products or educational thought leaders. All of these ways to use sweat to build equity requires a talent. We however we do not require any special talents because all you need to do to start investing with your effort to build equity is to build a network.
Anyone can build a network.
In fact everyone already has a network. They just don't have a vehicle to turn that network into a cash producing asset. If you want to learn how normal people just like you are leveraging the power of networks to have more time, earn passive income and make their own schedule.
Trained administrators handle the day-to-day activities inside a medical office. Professionals answer phones, manage insurance claims, and maintain patient records. To obtain formal education students should research the available medical office administration educational opportunities offered by vocational colleges.
The basic practices that are used to organize health care settings are best learned at the certificate and associate's degree level. Students that complete either educational training program in medical office administration will obtain the basic skills needed to apply for entry-level careers. The main objective in training is to teach students the clinical and clerical duties that correspond to keeping a medical office running at its best. Most programs provide students with an overview of the field so they can properly manage all aspects. The usable skills that students obtain while training include:
- Filling out insurance forms
- Maintaining schedule books
- Carrying out billing tasks
Students can also expect to arrange hospital admission services and handle office correspondences. Programs establish these skills by having students work through courses that include medical terminology, computerized patient billing, business accounting, and more. Students also have several concentrated program areas they can choose from to complete training in. Program opportunities are also available in medical coding, billing, and transcription. In these programs students learn to work exclusively with one area of medical office administration, which may be the best option for some students.
Medical billing programs are dedicated to preparing students to manage invoices and oversee the collection of insurance payments. Professionals work with patient records to establish the fees that need to be claimed for insurance purposes. Coursework at the associates level covers how to deal with delinquent accounts, collection agencies, and patient or insurance complaints. Formal educational training programs explore topics that relate to spreadsheet applications, data entry practices, computer keyboarding skills, and reimbursement management procedures.
Inside training to become a medical coder students learn the correct procedures to code healthcare claims. Essentially, learning focuses on teaching students to proficiently use classification software to assign specific codes that represent medical diagnosis for insurance billing purposes. Coursework establishes the skills needed to meet all legal and insurance company guidelines. This often includes making sure everything is correct and all signatures are gathered so claim submission can take place. Medical coding, ICD-9-CM coding, medical law, procedural terminology, and more are all course subjects that prepare students for careers. Coding is learned for all human anatomy areas, which includes ocular, digestive, and integumentary systems.
Generating correct reports based on doctors notes makes up the professional work of medical transcriptionists. Training teaches students to use proper medical terminology and grammar along with a high level of keyboarding proficiency. Students study human biology, computer transcription, surgical procedure, and medical law. Training prepares them to create health care reports, documents, and patient histories.
Students that decide medical office administration degree programs are for them have several educational opportunities available. Start learning to become a needed medical office professional by choosing an accredited college to enroll in and a program to complete. The Commission on Accreditation of Allied Health Education Programs ( http://www.caahep.org/ ) as well as other agencies can fully accredited programs that offer the best quality training.
DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.
Copyright 2010 - All rights reserved by PETAP.org.
1.On-the-job Training and Lectures
The two most frequently used kinds of training are on-the-job training and lectures, although little research exists as to the effectiveness of either. It is usually impossible to teach someone everything she needs to know at a location away from the workplace. Thus on-the-job training often supplements other kinds of training, e.g., classroom or off-site training; but on-the-job training is frequently the only form of training. It is usually informal, which means, unfortunately, that the trainer does not concentrate on the training as much as she should, and the trainer may not have a well-articulated picture of what the novice needs to learn.
On-the-job training is not successful when used to avoid developing a training program, though it can be an effective part of a well-coordinated training program.
Lectures are used because of their low cost and their capacity to reach many people. Lectures, which use one-way communication as opposed to interactive learning techniques, are much criticized as a training device.
2. Programmed Instruction (PI)
These devices systematically present information to the learner and elicit a response; they use reinforcement principles to promote appropriate responses. When PI was originally developed in the 1950s, it was thought to be useful only for basic subjects. Today the method is used for skills as diverse as air traffic control, blueprint reading, and the analysis of tax returns.
3. Computer-Assisted Instruction (CAI)
With CAI, students can learn at their own pace, as with PI. Because the student interacts with the computer, it is believed by many to be a more dynamic learning device. Educational alternatives can be quickly selected to suit the student's capabilities, and performance can be monitored continuously. As instruction proceeds, data are gathered for monitoring and improving performance.
4. Audiovisual Techniques
Both television and film extend the range of skills that can be taught and the way information may be presented. Many systems have electronic blackboards and slide projection equipment. The use of techniques that combine audiovisual systems such as closed circuit television and telephones has spawned a new term for this type of training, teletraining. The feature on " Sesame Street " illustrates the design and evaluation of one of television's favorite children's program as a training device.
Training simulations replicate the essential characteristics of the real world that are necessary to produce both learning and the transfer of new knowledge and skills to application settings. Both machine and other forms of simulators exist. Machine simulators often have substantial degrees of. physical fidelity; that is, they represent the real world's operational equipment. The main purpose of simulation, however, is to produce psychological fidelity, that is, to reproduce in the training those processes that will be required on the job. We simulate for a number of reasons, including to control the training environment, for safety, to introduce feedback and other learning principles, and to reduce cost.
6. Business games
They are the direct progeny of war games that have been used to train officers in combat techniques for hundreds of years. Almost all early business games were designed to teach basic business skills, but more recent games also include interpersonal skills. Monopoly might be considered the quintessential business game for young capitalists. It is probably the first place youngsters learned the words mortgage, taxes, and go to jail.