Self-made millionaire tell us this story:
He had two fathers. One was his real dad dad and was not very rich, the other was his friend's dad and was rich.
First was well educated, working much and striving to make the ends met.
The second dad had much less academic education, worked less and was rich.
You can read the whole story here: Rich dad poor dad
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Simple Reasons Most People Will Never Get Rich...and How To Make Sure You Do! What did I learn about getting rich by interviewing over 20 self-made millionaires?
Well, after interviewing one famous self-made millionaire after another I realized many of the secrets that make them rich while others continue to struggle.
When you understand and do what self-made millionaires do, you get to become one of them. If you don't understand and do what they do you don't get to become one.
A few times I wonder what sort of credit system moved the global economy 200 years ago. If the intention of getting into a business is meant to 'help' fulfill the needs and wants of someone, I don't see how credit card salesmen can drove more people into debt and backruptcy. Clearly most people fail to have a good understanding of the increasingly sophisticated (and complicated) terms and conditions behind the card they apply for, how it benefits the bank more than the applicant and what the ubiquitous card is best used for.
The 'cashlessness' of the advanced world surely works its illusions into the minds of those caught up in the disease of consumerism, who found it too easy to buy anything anywhere with a flash of the card without realizing the interest incurred to the bank everytime a purchase is made. Before you get the math right, you must get personal spending principles and habits right first, and only then you will attain self-awareness and a conservative mindset that lights up a red warning in your head just when you are about to make a purchasing decision.
Is accumulating wealth as easy as following a 3-step plan? Yes it is and no it isn't. As with many things in life, accomplishing a goal such as accumulating one million dollars (or even $100,000) depends on your desire, your personal choices and your daily actions.
Let's start with one example on how you might miss this goal. One of the first components of successfully meeting any goal is to have the desire (or a compelling reason). You've probably thought about losing weight, running a marathon or accumulating a great deal of wealth. However, the 'want', 'wish', 'dream' or 'thought' is often not enough to propel you to take continuing action steps to successfully attain your goals. Even if you take the first action step, your ability to sustain enough motivation to meet your goal may soon disappear after a few months or possibly after a few days. Until you create and internalize a 'compelling reason' (true desire) to meet a specific goal, it will be difficult to meet your goal. You have to make this desire a 'must-have' instead of just a 'want'; you need a compelling reason to meet your goal. You need to create a true desire.
Three years ago someone loaned me a book from a series called Rich Dad Poor Dad. I have to admit my eyes were opened. I was in graduate school and I thought that an academic education was the key to financial success. I was wrong.
Today, I have three college degrees and I still struggle to make ends meet. In 2002, I was hopelessly stuck in what Rich Dad calls "the rat race" and I didn't even know it. I now realize that good grades and hard work DO NOT guarantee finanical success. In fact, in 2002 I began to understand that I was financially illiterate! I am still in the rat race today and have over twenty thousand dollars in student loan debt. But thanks to Rich Dad, I have started a different education that includes paper investing, real estate, and business building.
I knew that it wouldn't be easy - learning about starting a real business, real estate, the stock market, and increasing my financial IQ. I began my financial journey in 2002 - learning a ton along the way but having little to show for it financially. I was still a student and worked part-time so I didn't have alot of "financial study time." I also didn't have much money. Most books I've read in-store because I didn't have enough money to buy them! Then it happened...
How Long Does It Takes to Become a Millionaire with HYIPs?
Let's assume you start with $500 to invest.
Although you can invest in some HYIPs with as little as $10, you would probably want to invest at least $500 to provide some basic diversification. It's about the amount you would spend to get the usual MLM type program started, after you include "upgrade fees" and initial advertising. Not to speak of the hours of posting and promoting you will NOT have to do with a passive HYIP investment.
One of the things most of us have old ideas about is money. The best way to change old ideas is to upgrade and take a new look at them. We have to do the same thing with how we think about money. We have to look at it from a different point of view.
One of the things most of us have old ideas about is money. The best way to change old ideas is to upgrade and take a new look at them. We have to do the same thing with how we think about money. We have to look at it from a different point of view.
Network Marketing: Selling the Dream by: Fernando Rivadeneyra Are you tired of struggling to make ends meet? Unexcited about driving in rush hour traffic? Burned out at work making your BOSS?S dream come true? You have a choice in life but most people choose to live in constant fear. They are scared to death of failure or success. They feel small. They don?t feel they are good enough or important enough to make a difference. There is a secret to success. All it takes is a dream.
When was the last time you dared to dream? Have your hopes and aspirations been squelched by life and no longer express your dreams to others? Are you no longer asked about our dreams because you are expected to have accomplished and attained them by now? For the vast majority of the population the dream has been replaced by a nightmare. We all continue to seek happiness, security, independence, and riches beyond compare. Many have managed to achieve these things in their life through network marketing.
Network marketing maybe the answer needed to revive your dream machine. However, not everyone is suited for network marketing. But if you have moderate people skills and are a big thinker, network marketing could be right for you. In this the first of four parts, you will find out what a prominent author says about network marketing and why he believes network marketing is the ideal vehicle to wealth and prosperity.
The mainstream personal wealth gurus are all talking about stock options, convinced that this is a tool favored by the wealthy. While stock options certainly have the potential to create wealth for those savvy investors who know how to use them, be cautious as you search for the knowledge to use them profitably.
Robert Kiyosaki, author of the Rich Dad books, is talking about stock options. Whether you are a fan of Mr. Kiyosaki or not, he is undeniably one of today's more prolific personal finance authors in the world and he wants us to know that options are the investment of the rich.
It is not just Mr. Kiyosaki, but an entire industry that is springing up to promote options trading and service the needs of stock option traders. There are a lot of people talking about how options are the key to financial freedom and why you should learn how to trade them yourself.
Rich people: fortunate, lucky, selfish, and arrogant? Or highly educated, caring, brilliant individuals? Becoming rich isn?t hard, but it does require a bit of time and knowledge. Having time to get rich, educating oneself, and buying assets are the three key factors in attaining untold wealth.
Rich people usually either have or make time to get rich. Most people that now own huge mansions, have wonderful riches, and drive the nicest cars usually begin taking the road to riches in their spare time. One plan, the most common, is to work at a low-risk, steady job until one has enough money to invest in something that will feed one for the rest of their life. But before one can invest in anything, one first has to educate oneself.
Although the best way to educate oneself in a particular investment is to have a mentor, and thereby gaining valuable hands-on experience, another excellent way to do this is to listen to tapes and CDs and to read books on the subject. I have done both, mainly pertaining to real estate, but also I have read a wonderful book about making money on the Internet, called Multiple Streams of Internet Income, by Robert Allen.
by: Chiong Yew Heng
- You Are About to Discover The Secret On Winning Massively In Business, Stock Market And Make Millions And Billions Of Dollars In 7 Simple Steps.
The excitement of work from home can evaporate without a balanced life. To obtain optimal benefits from your business be passionate about it and believe 100% in it. It is important to have goals, a plan and steps to follow towards your goal. Jim Rohn, America?s leading philosopher, says a successful entrepreneur will work as hard on themselves as their business. It is also imperative to maintain physical health.
Be passionate About Your Business
Great Starting Ideas for the New Real Estate Investor John Moses gives us some tips about how to start as a real estate investor
In his interview with me, John Paul Moses, who is the founder of our Local Memphis Investors Group, was willing to give us some tips about how to start as a real estate investor. After reading "Rich Dad, Poor Dead" by Robert Kiyosaki he decided to start as a real estate investor. The book says to do this you need some preparation, so he went to the Internet and stocked every bit of information from the articles, news groups and discussion forums. By that time he started a long term friendship with Matt Scott who runs a great website called dealmakerscafe.com. That's how he learned the meaning of the word "escrow" and what the difference was between a mortgage and a trust and real estate basic terminology. The Internet might be one learning ground. If you buy a real estate course you have to be very careful. The first course John Paul bought was in his opinion the worst real estate course and never did a deal from knowledge gained in that course. But at least he learned real estate terminology and spending $400 on that course proved to him that he was willing to invest in his education.
John Paul started by making an announcement in a Sunday paper just saying "real estate investors group starting, for information give me a call" and he put a cell phone number there for people to contact him. At their first meeting they were about 16 people. He stood in front of those people telling them that he never done a real estate deal but he was there to learn and make sure that they had those meetings. They needed a leader and he took the initiative of being their 1st president. Since then the organization grew to over 500 members. Now they are a full fledged non profit real estate investors association with over 150 members in the Memphis area and since 2002 John Paul has been a real estate investing guy. He stepped down as the president and he is now serving as the executive director of the group. Most of the deals he has done in some way involve somebody from the real estate investors association, whether they were a buyer or a seller, money partner or whatever the case might be. Start working with people in your club because they are real people. You need to think who the buyers are if they have real cash or if they have access to the hard money. So, what you have to do is to pick only those motivated persons and build yourself a great network of successful people to work with and the investor groups are great places to find those people.
His advice for somebody who's looking for the structure of an investment group in another city is that you need to join the national real estate investment association; you need to get small groups of people together and join the National REIA (www.nationalreia.com ). They serve as an umbrella organization that supports the local REIA group. Another benefit of these groups is the availability of hard money lenders or private lenders within the group itself. You need to know what your resources are and just capitalize the costs or hard or private money in that part of the deal. For example they visited the National Group and invited some of their board members to have dinner together. That's the second thing John Paul recommends for everybody who wants to start a group: model yourself, don't try to figure out on your own!
Home business is a great opportunity to get your own freedom. If you are like me who doesn't like to work with others, who values more freedom than job security, then you are in need of doing your own business. Personally I hate waking up early in the morning just because I have to go to the office and get caught in traffic jam and wasting
my valuable time in the road.
Like Robert Kiyosaki says "Mind Your Own Business". So the first thing you need to change is your MINDSET. If you never have your own business before and you always work with others then you need to change your employee mindset into a business owner mindset.
Being successful in life is difficult unless you ensure you have a balanced life. To obtain the optimal benefits you must be passionate about your life plan and believe 100% in what you are doing. It is important to have an end goal firmly in your mind, a plan in place to reach the goal and steps in place to follow, which will lead to your goal. It is also imperative to maintain your physical health in the best shape possible. If you do not believe in what you are doing, then stop now. Find something that you really want to be involved in and something that offers positive outcomes.
Have A Goal
Without a goal you are like a ship without a rudder, or a wind up toy spinning in circles. You are working but have no clear idea why. Spend time writing down your goals. Make short-term goals to be accomplished within a week. Perhaps your first goal will be to have a written list of goals with realistic time frames within 7 days. Have specific goals. ??I want to be a rich within two years,? is not a goal it is a daydream. Zig Ziglar quotes research that has proven that those with a well-defined written plan will succeed at a much higher level than those that have no clear goals and guidelines. Ask yourself ??Where do I want to be in 12 months? Then write down your goals and focus on the results. Now get going! It is that simple. Just set your goals, follow your plan, be committed and you will achieve.
Cashflow. For everyone just getting started in creative real estate investing, and especially those doing this full time, it's critical. We all know that success in this doesn't come overnight, and that regardless of how hard you work, this isn't a get rich quick business. So cashflow, keeping money coming in while building your business, is critical.
When I was laid off from my last (not previous, but LAST ? ever) job, I was already looking into investing in real estate. I had not joined a Mentorship program yet, but was reading and studying quite a bit.
My first thought was ? how in the world am I going to pay my bills? I was going from a nice six-figure job to unemployment. Granted, my wife and I were part of the minority that lived below our means, saved diligently, and invested in our IRAs. So we had about 4 months income liquid. Not really that much considering I was a well-paid VP for an internet company, and IF I found a new job it would most likely take over a year.
It is with great pleasure of having you here at this hour. Let me get it straight and be honest with you at the very outset. First of all, I'm not going to sell you anything here. And second of all, if you are hoping that you could learn some tricks to earn Quick & easy Money, you are definitely in a wrong place.
What I'm offering you are some personal story and lesson which I hope you will find it useful and beneficial to your well-being - be it financially or spiritually. Below is an article which I wrote to an online magazine, some time ago. The response was phenomenal and overwhelming. I hope you will enjoy reading it.
We all have dreams, deep inside those moments when we take a voyage in our imagination, into a world where everything was possible. A world where fear is a strange concept, limits are non-existent and we are at peace with ourselves.
What has become of your fondest dreams?
If you were guaranteed success, what would dare to attempt?
Sitting down patiently with your prospect and sharing with him ad nauseam about all of the wonderful reasons why he should join your MLM opportunity and why he should pay money for your products doesn't work! Believe it or not prospects hate it, and they badmouth you for it!
Network Marketing is a very different ball game today compared to a decade ago. Screw up a few times and there goes your morale ? or maybe even your dream of ever creating a residual income!
