Wednesday, December 23, 2009

Retrain the Brain for Success

Isn't it amazing how difficult it can be for any of us to change a bad habit or behavior? It can be a habit that is very simple such as losing your temper behind the wheel of a car or a more challenging one such as trying to break a serious addiction to say, smoking or over eating. Which ever it may be, it's important for you to know that you're not alone.

One reason why change can be so difficult is because we have engaged in the habit or behavior for so long, it has become second nature. It's almost like we're on "automatic pilot." As a result, we just engage in the behavior without thinking that we have a choice to do something different in the moment. We forget that we're blessed with a free will to choose.

Based on the research that's been conducted over the last twenty years on the brain, we now know much more about how the brain works. The benefit to this information is that we can begin to understand why we often do the things we do in regard to behavior and actions in our lives.

Various studies have shown that our conscious mind is only responsible for 2 - 4% of our thought patterns and behavior. This is why when we use will power and persistence to over come a bad habit or change a behavior, we usually have sub-par results. Short term the action or result may change but if we want to realize lasting change in our life, we must start at the beginning of the cycle, which is thought and behavior.

Recent brain research has shown that the subconscious or implicit memory system is responsible for up to 96% of our thought patterns and behavior. Based on the mechanics of the mind, if we really want to illicit change in our life, this is where we need to focus. As these studies are fairly new, just learning how to change our approach to habit and behavior is a re-learning experience in itself.

We begin to develop brain connections at a very early age, say five years old or so. When we develop brain connections, we are also creating what is referred to as cellular connections. Over time and repetition, the brain and cellular connections actually leave a foot print on our neural network in the brain. They become fixed in our subconscious and wha-la, we have developed a habit or behavioral pattern.

All success and happiness begins with your thoughts based on where you think you want to be in life. Your present circumstances will always control your thoughts and behavior based on your perception of reality, unless you're consciously aware of you're behavior. Studies indicate that all results are effects or a function of what we're thinking, feeling or doing based on our past.

So, what can we do to change our thought patterns and behavior?To change your thought patterns and behavior, you first need to recondition the thought patterns of your past. This is the key to realizing long lasting change. Because thought impacts emotions, what you end up feeling loops back to what you're thinking. As a result, you continue to repeat the behavior or action, which is why you end up with the same results based on your present circumstances.

It's a vicious circle but it doesn't always feel like one because we've become comfortable with the behavior. Over time we actually begin to accept that it's who we are. Believe it or not, we can experience joy from a negative or painful behavior based on our personal association with the behavior. If the behavior feels familiar, we become comfortable with it, so we think it's good for us. We feel secure and in control because it's a familiar emotion.

Your subconscious, which represents your interpretation of past events,is responsible for your perceptions, feelings and behavior in the present. I refer to these as The Big 3. To change the Big 3, we must change our self-image, habits and beliefs, The New 3. This is where you ReTrain the Brain!

Essentially, what you need to do is create a release program in your brain, which will allow you to recreate your self-image. To create a new self-image, we first need to create new patterns of thought and behavior. This can be achieved by experiencing new affirmations, as well as visualization or meditation. These new affirmations and visualizations need to be created with emotion. They need to become more real than your present circumstances in order for the new affirmations to over ride or recondition your thought patterns and behavior.

Daily repetition first thing in the morning upon rising and most importantly, lastly before you retire are key. Initially, this will require discipline on your part but the rewards are life changing. If you change the inside, your behavior, you'll begin to change the outside, your results. If you're willing to pay the price now i.e. discipline, you won't pay the price of regret later in your life.

Look for my new workshop entitled "ReTrain the Brain Success Workshop.

Remember, if you change your habits, you can change your life!

Larry Agresto is a Life & Business Coach and the founder of Peak Performance Coaching.

He is also a writer, author and speaker. His work and writings focus on "breakthrough changes" in life and business. His latest work "The Power of Magical Thinking," is about empowering people to realize their "true potential," enabling them to live a life of success and happiness.

In your work with Larry, you'll learn to leave behind the self-limiting beliefs of your past experiences that hold you back. In doing so, you will begin to experience the unlimited thinking of your true potential, which in turn empowers the opportunity for unlimited possibilities into your life and business.

He has written several e-books; "The Principles of Success, The Journey, What's Stopping You, The Bulls Eye Business Plan and The 21 Day Breakthrough." His latest e-book is entitled "The Power of Magical Thinking."

Larry spent 25 years in Corporate America, the last 13 in senior management. He transitioned into a Life & Business Coach after he lost his wife and suddenly became a single parent in May of 1995. He has a BA from Bentley College in Business/Government and an AA in Psychology/Education.

Think Magic

Larry Agresto
Life & Business Coach
Peak Performance Coaching
http://www.larryagresto.com
(978) 649-1020

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Tuesday, December 22, 2009

How to Develop a Millionaire Mindset

You might have a hard time figuring out the millionaire mindset that you need to succeed. You can indeed find a way to make your living while still chasing down the things you want to do most. With the millionaire mindset, you'll be able to look at each day as an opportunity to become wealthy and get the things you want and live the life you want.

Mirror What Successful People Do

You won't find a more effective method than this. Study those who do it. Emulate the actions of a successful person that you aspire to become. You can use that person as an example to show yourself you can succeed.

* For example, if you want to become a successful entrepreneur in the food business, you might want to study a highly successful restaurateur.

Examples are a great way to learn the ropes. Ask successful people questions on how to achieve success. When someone is successful, they often want to show people how they can have success of their own. There's no limit to success, so why wouldn't they? It's indicative of the millionaire mindset!

Positive Thinking Is The Key

Your dreams are only as far away as your will. The slightest doubt can often diminish your ability to succeed. Keep in mind that it's perfectly normal to have intermittent doubts sometimes. However, in the long run, you have to believe that you can do it in order to get it done.

* Think about how good it will feel once you have it done.

Prosperity is much easier reached when you allow yourself to try new things. Embrace change and don't lose your motivation.

Plan Out Your Tasks and Set Deadlines

No matter how much you dream about what you'd like to do, you won't achieve it without formulating some plan of action. Figure out what the long term goals of your life are, and conjure practical ways to achieve them.

* Deconstruct the steps needed to get there.

Keep Up Hope

Success depends almost entirely on dedication and motivation, and the slightest roadblock can derail you from your path, so keep the faith. You'll often hear from successful people about the pitfalls they experienced on their road to prosperity as you interview the people you want to emulate. They managed to break through their doubts and fears stemming from those setbacks and worked their way to success.

* Acknowledge your doubts, but don't let them dominate your mindset.

Life Coaches Can Help

Not every one with a millionaire mindset is the same. Success means different things for each of them, and they go about achieving their success in their own ways. However, there are several commonalities you can find among them. Life, to them, is an opportunity to be seized and they know that they have to stay positive in order to get what they want.

Life coaches can help those people who want to develop a millionaire mindset, but for some reason don't have the strength or the wherewithal to do it on their own, or have lingering doubts that need addressed. You'll get their help to deconstruct what you feel is holding you back and have an action plan that can overcome those obstacles. Just heed the preceding advice, and gain the help of a life coach, you'll have a new millionaire mindset that will see you through life.

To your outrageous success,
Mark

P.S. Who else wants to learn more of the secrets to achieving incredible success? I have brought together 48 personal development bloggers and writers to co-author one of the most powerful success eBooks on the web - The 77 Traits of Highly Successful People - and it is available to you FREE! To learn more of the secrets of success, grab your free copy of the eBook now at - http://www.77SuccessTraits.com.

Article Source: http://EzineArticles.com/?expert=Mark_Foo_K._L.

Saturday, December 19, 2009

Tips for Million Dollar Income

If you have ever wanted to get into business for yourself, now is the time. Never before have people needed the freedom that comes with self employment as they do now. And never has there been so much opportunity. Sure, the job market may be scarce, but the rich are still getting rich, and many others are planting seeds that will soon land them the fortune they have been seeking as well. There is no bad time to get into business, as long as you are well equipped with the knowledge that is needed for true business success.

When you know what to do and how to do it, the chances that you will succeed are greatly enhanced. Ready to build a six or seven figure income? Ready to be in business for yourself, successfully? Are you ready to build a million dollar income? Then the following 5 tips will set you ahead of the masses who also have these goals, but who will never likely reach them. Follow these six principles to build your current business or if you start one fro scratch. They are principles of business success success and wealth creation that anyone can utilize.

Be In the Right Industry

Building wealth means that you need to be alert and aware of the ever changing world of opportunities. Being in the right industry at the right time is crucial for amassing a fortune. For example, many fortunes were made in the railroad industry, but that is probably not the best one to get into now. Real estate, business, and the internet offer much potential for wealth, as well as a number of other industries that are thriving and poised for even further growth.

Learn from the Best

Most people get business advice from their friends, coworkers, relatives, and a bunch of other people who do not really know what they are talking about. Opinions are cheap because everyone has more than one. Do not work based on speculation, and do not learn from those who are not successful themselves. Do what rich and successful people do; learn from the best of the best in your field. Read, attend seminars, and get mentors. The more you learn from the best, the better you will be too.

Leverage Yourself

People who make money from their own efforts alone do not usually accomplish a whole lot. Making millions in business will require you to use leverage. You can leverage your ideas by using ideas of others. You can leverage your experience by learning from more experienced people. You can leverage your time by getting free or affordable help. You can leverage your money by borrowing from reputable lenders. No matter what, the more you are able to leverage your own efforts, the more you will be able to achieve.

Automate Your Business

Million dollar incomes are usually not generated all from one source. Most wealthy people have multiple income streams, which gives them unlimited earning power. When you automate part or all of your business, it still works to generate profits without your effort. The more automated your business, the more additional income streams you can begin adding to your overall passive income. Over time you can develop a huge income from a variety of sources, which is just what the rich do. Always make sure that you are earning the most money possible with every venture you pursue.

Ben is a young entrepreneur who has several successful businesses under his belt, and enjoys sharing information on a wide range of business, financial, and entrepreneurial topics. Visit A Millionaire in the Making and the Resources for Entrepreneurs

Article Source: http://EzineArticles.com/?expert=Ben_Jr._Frank

Thursday, December 17, 2009

Rules that Guarantee Financial Independence

If you want to win the lottery, you first must buy a ticket.

This simple rule is no more simple than the rules for guaranteeing that you achieve financial independence; that is, if financial independence is important to you. My dad instilled in me that I should rely on no one -- certainly not the government -- if I wanted to live in my old age as well as I had lived when I was working.

There was a time when many workers in my age group thought that we could depend on Social Security to fund our retirement, but today we all should realize that possibility is unrealistic.

There is one simple rule for guaranteeing your FINANCIAL INDEPENDENCE: Start Early. While it is relatively easy to secure your financial future when you start building your next egg while you’re in your twenties, it’s next to impossible if you wait until you’re in your fifties to start, but regardless of your age, begin immediately.

You don’t have to be a financial genius to be financially independent; I am living proof of this fact. But you do have to develop the discipline to follow a few simple rules. I learned these rules from the very best and the very brightest. These rules are FREE. Follow them and your financial future is virtually guaranteed.

1. The secret to financial independence is the understanding of the basic principle of COMPOUNDING OF WEALTH. If you don’t grasp this principle, you will most likely have to win the Powerball Lottery to be independently wealthy.

The main key to financial success is forcing yourself to live on 80% to 90% (10% reserved for giving and 10% for investing) of your take-home income and invest each month the 10% that you didn’t spend.

As an example, the stock market has increased at a compounded rate of approximately 11% per year over the last 100 years. So $1,000 invested in, say, 1963 (my first year in the work force) would have been worth $88,897 by 2006.

Even if I had invested just $500 (10% of my take-home pay in 1963), that investment would have been worth $44,449 in 2006.

Now, think about what you'd be worth if you invested $1,000 every year between your present age and 65 years of age. Wow! Becoming financially independent is really easy when you start early.

Go to http://www.moneychimp.com/articles/finworks/fmfutval.htm for a compounded calculator and do the math yourself.

Could this principle be any clearer?

Is this enough said about the power of compounding of wealth?

Here are some more rules:

2. Minimize your investments in assets that depreciate.

Automobiles, as an example, are essential for most of us, but they are lousy investments. A new car or truck that costs you $25,000 will depreciate approximately $2,500 to $5,000 in the first year of ownership. Those of us who feel the need to drive prestige cars, i.e., a Mercedes, BMW, Lexus, etc., will suffer $5,000 to $10,000 a year ($400 to $800 per month) in depreciation.

If you can live with driving a pre-owned car, you’ll reduce both the investment itself and the portion of your investment that disappears via depreciation each month.

Other examples of depreciable assets are furniture and clothes. No matter how much you pay for these two assets, they will be worth next to nothing after just a few days of use.

3. Maximize your investment in assets that appreciate.

Over the long haul, most investments in real estate, i.e., your home, stocks, bonds, etc., will grow in value. So if you can discipline yourself to maximize your investments in these kinds of investments and minimize your investments in “fluffy” kinds of assets, you’re much more likely to realize financial independence before it’s too late.

4. Do your very best to pay cash and except for a first mortgage on your home, AVOID DEBT. This means paying off your credit cards each month, paying cash for furniture and automobiles, etc., to avoid unnecessary interest expense.

5. Establish a personal spending budget and live within it. There is no better tool for controlling spending and living within your income than developing the discipline to live by a spending budget.

When many people begin their business careers, and begin for the first time to generate some discretionary income, they go a little bit nuts. They spend everything they earn and then some. Perhaps the first sign of trouble is when they begin to generate credit card debt that they don’t have the income to pay off each month. So they begin making the minimum payment, paying exorbitant rates of interest and digging a deeper hole for themselves each month.

The first step is to recognize what is happening, but the second step is to force yourself to plan your spending so that it doesn’t exceed your after-tax income. I believe strongly that a budget should include an expense category for both saving and giving. It has been my personal experience that individuals who can discipline themselves to save and tithe (give 10% of your income to the church or other charities) can manage other aspects of their financial lives equally well.

Make sure you have an emergency fund equal to six months of salary as a contingency in the event you were to lose your job or have an equally major emergency.

Hire a fee-based financial planner to assist you with your investments. I use Ron Blue & Company. http://www.ronblue.com. Edward Jones is another investment firm that has an office in just about every community, large and small: http://www.edwardjones.com

THE key to successful investing is a broad-based portfolio. Don’t speculate. Don’t try to time the market. Stay invested even when things look bleak. If you miss those rare days when the market rises 300-to-500 points, your portfolio won’t grow at historical compounded rates. NO ONE can time the stock market.

Make sure that you and your spouse are in agreement on an investment plan and the goals for your plan.

Once you and your fee-based financial advisor agree on a plan, stay the course.

Bill Lee is author of Gross Margin: 26 Factors Affecting Your Bottom Line ($21.95) and 30 Ways Managers Shoot Themselves in the Foot ($21.95) Plus $6 S&H for the first book and $1 S&H for each additional book. To order, See Shopping Cart at http://www.BillLeeOnLine.com

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Wednesday, December 16, 2009

Andrew Carnegie's Secret of Success

In his all time best selling book, Think And Grow Rich, Napoleon Hill mentions in his first chapter that throughout the book he will be referring many times to The Carnegie Secret. He said he would not tell you what that secret is, but when you are ready, it will jump off the page and into your brain. He said, When the Student is ready – the master will appear. The doors will open. The lights will turn green. The ideas will come. The money will come. The people will be there to help you.

Since 1970 we have been teaching the principles of success that Andrew Carnegie commissioned Napoleon Hill to study and share with the world. Napoleon Hill spent his entire lifetime researching the most successful people of all times from around the world.

Many, many times in our classes, workshops, talks, rallies and in our Master Mind Alliance Success Club meetings we have asked this question to those in our audience who had read the book Think and Grow Rich,

What is The Carnegie Secret that Napoleon Hill referred to in his book?
We got all kinds of guesses and some answers that were somewhat close.

HERE IS ------- THE CARNEGIE SECRET

1. Have A Definite Major Purpose.

What is the most important thing you would like to accomplish in your lifetime? Try to define it in one paragraph, even if you have to keep rewriting it a hundred times until it gets as clear as possible. It has to be the most important thing in your life. Mahatma Gandhi’s definite major purpose was to win independence for India from their British rulers. He succeeded. Dr. Martin Luther King’s was equality and the end of oppression for black people. Doctor Jonas Salk’s was to find the cure and end for polio. Thomas Edison’s was the incandescent light bulb. What is yours?

If you don’t currently have what you feel is a definite major purpose, then have a definite major purpose to find your definite major purpose.

It has to be something you want so bad that you think about it all of the time.

2. Be Willing To Stake Your Entire Existence On Achieving It.

Don’t Quit. There Are Many Starters In Life, But Very Few Finishers – When The Going Gets Tough They Quit. A person with a definite major purpose never gives up – no matter how long and tough the road is; instead, they become more determined. Jack London was rejected over 600 times before he finally sold his first piece of writing. Thomas Edison actually failed over 9,999 times before he perfected the incandescent light bulb, and over 5,000 times before he perfected the world’s first phonograph record player. There will be times when everything in you will tell you to quit – to stop trying, but if you hang in there, eventually, you will – you must succeed. Quitters never win and winners never quit.

Persistence is the power to hold on in spite of everything - to endure. It’s the ability to face defeat repeatedly without giving up—to push on even in the face of great difficulty or danger. Persistence means taking pains to overcome every obstacle, to do all that is necessary to reach your goals. You win, because you refuse to become discouraged by your defeats. Those who conquer are those who endure.

3. Keep Intensifying Your Desire.

There are many “firemen” in life that will come along and try to put your fire of desire out. They will give you all kinds of reasons why your idea or goal won’t work and tell you to give it up, forget it, or tell you “You can’t do it.” You have to become an Arsonist. An arsonist sets fires. Every morning when you wake up you have to re-light and re-build the intensity of your fire of desire. You have to eat it, sleep it, walk it, talk it, and concentrate on it until it becomes a red-hot flaming, burning, obsessional desire that will eventually mow down all of the opposition you will face throughout each day. If you don’t, your Sizzle of desire will fizzle down to nothing. I’m not suggesting that you stop talking to or seeing your family and friends – what I’m saying is to keep focused day and night, seven days a week. This will bring into play: THE LAW OF HARMONIOUS ATTRACTION. Your burning desire becomes a magnet. You will attract that which you need; the ideas and plans, the money you need, and the people you need to help you. They will eventually gravitate toward your desire.

4. Have Bulldog Determination And Perseverance That Will Eventually Mow Down All Opposition.

Expect lots of problems, adversities, and discouragement along the way. Go around it – go over it – go under it – or dig a hole through it – but don’t ever turn back. Make your Definite Major Purpose the dominating thought in your mind. It is a known fact that people who have had great achievement – formed the habit of making an “obsession” of their Definite Major Purpose. Andrew Carnegie said to put all of your eggs in one basket and then watch the basket. Andrew Carnegie’s definite major purpose, which he wrote down at an early age and kept in his desk, was to earn as much money as he can in life and then, in the end, to set up the Carnegie Foundation to give it all away to worthy causes. Even after his death long ago, the Carnegie Foundation is still giving away millions every year to help mankind.

I have been teaching The Science of Success Achievement Course since 1970. There were many times when I taught the course to as many as ten different groups per week. Some in major hotels, some in large corporate training rooms, in the YMCA, in hundreds of real estate and insurance offices, in prisons, rehab centers, and for many sales and marketing groups of people.

In all of my classes, (There were ten separate 4-hour classes to the course,) I always told my students at the end of the first class – “For your homework this week, I want you to read the first four chapters of Think And Grow Rich (I always had stacks of the book there to sell them.) As you read each page, write a list of all of the things the author is telling you to do and the things he is telling you not to do. Then, I want you to carry that list with you every day and keep reviewing your list and keep doing the things the author told you to do. And then come back to class #2 next week and tell the class about the list you made, what actions you took as a result of reading the book, and what results you got.”

At the beginning of the class on the following week I would always start out by asking - By a show of hands, how many of you read the first four chapters of Think And Grow Rich? About 2% would raise their hands. The rest didn’t take the time to read it. Then I would ask the 2% How many of you read the first four chapters and made the list I told you to make of all of the things the author told you to do? Usually about three hands went up. I asked each of them - How many items do you have on your list of the things the author told you to do? The first person said three. The second person said nine. The third person said – 90 items

I asked the person who had ninety on her list to come to the front of the classroom.

I said to the others - You people paid good money to take this course because you wanted to achieve greater success. How can you expect the results you hoped for if you aren’t willing to take notes and to put in practice what you are learning?

Then I had the lady read from her list of 90 items. And the class was surprised at how powerful and important the things on her list were.

I asked the class - How many of you are speed reader? All kinds of hands went up. Then I told them about an incident when I was at a party and someone asked me what I do for a living. I told him that I teach a course based around the book Think And Grow Rich. He said, “That’s a book that we teach from at our speed reading school.” Then I asked him, “What were the greatest lessons you learned from the book?” He tried to think and then said, “I don’t remember that book so well.” I later found out that he was a speed-reading instructor. I thought to myself – There’s a guy that can read 10,000 words a minute and remember nothing.

Think And Grow Rich is so powerful that it’s the kind of book you have to read very slowly and carefully, many times until it becomes a part of your life and habits. I have been reading the book every year since 1970. Each year I pull it back off the shelf and let it fire me up for the achievement of my new goals for the year.

THE CARNEGIE SECRET FOR SUCCESS
Excerpt From The book
“The Science Of Success Achievement Course”
By Rick Gettle © 2006

Rick Gettle
Publisher/Author/Consultant/Speaker
http://www.master-mind-alliance.com Successercising@msn.com

Success Achievement Publisher/Author/Consultant/Speaker - Since 1970

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Billion Dollar Secret

In a recent TV appearance, billionaire Donald Trump was asked what is the secret to making it big. His answer was short and precise: do what you love and never quit. Does that sound too simplistic? Now follow me through this article and see what wisdom lies in Trumps advice

1. Do what you love

In fact the advice to do what you love was the same message given by another billionaire. Warren Buffet also said that the key to success is doing what you love and doing it well.

Doing what you love is the key to having abundance in your life. Look around and see all the big achievers and you will notice this one truth always present in their lives; they are all following their passion. Doing the thing they love doing best. Bill Gates and computers, Oprah Winfrey and her talk show, the Google boys and the internet, Tiger Woods and golf; the evidence is clear everywhere.

Now why do these people who follow their passion excel above others? The answer is in the fact that every person has a gift. Every human being is blessed with some talent. No one knows better than you what you want to do so listen to your heart and be clear about what exactly you want out of life.

The tragedy is that most people do not get to find that one thing that is their special gift or talent. Some do know their areas of expertise but are stunted by the fear that they may not be able to make money out of it; or they get lost in the crowd by following others; doing what their friends are doing or taking their cue from their family or friends. This will never lead you to success.

If all your friends are studying medicine or if your family wants you to be a doctor, that is no good reason for you to go in for medicine. Choose for yourself the career you truly love and be confident that you will be successful in your career. In the words of the best-selling author and philosopher Dr. Wayne Dyer, there is no scarcity of opportunity to make a living out of what you love doing; there is only a scarcity of resolve to make it happen.

Don’t you know that one of the reasons why people get bored at work or have the tendency to shirk is that they are not excited about what they do. If you truly love the kind of job you are doing and that job is suited to your talents boredom and laziness will never bother you because work will then be a source of excitement and bliss for you. Have you ever seen Michael Jordan bored and uninspired on the basketball court. No, never, it is because he does the job he loves doing best.

2. Do not quit

Donald Trump’s second piece of advice on how to make big money is to never give up. How right he is. This one piece of device has been here for millions of years. Persistence is the key to victory and outstanding success. No one ever attains any great height without going through tests. Your faith will surely be tested along the way but if you keep on keeping on, you will end up triumphant.

The problem with most people is that when they try something and get resistance, they give up but such an attitude will not get you anywhere. If you view your trials with a positive attitude, you will come to realize that they are always accompanied with great benefits.

Oscar-wining actress Jennifer Hudson wanted to become a star in showbiz. She auditioned for American Idol; she lost but that loss did not make her to give up in her mind. She went in for an acting role in the movie Dream Girls and won an academy award from that single movie. Truly persistence pays.

Carve out a path for yourself to your dreams. Choose to do what you love and never give up in the face of any obstacles. If you do it as Donald Trump teaches you to do, your dreams will come true.

Momodou Sabally is the author of "Instant Success: The Ten Commandments of Personal Achievement and The Road to Enduring Riches". He has developed a series of articles for instant self-motivation available FREE at http://www.mlsabally.com His articles will help you generate motivation and enthusiasm for success instantly.

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Self Made Billionaires are Innovators and Risk Takers

Do you think that dropping out of college to start a business is a risk? Are you a risk taker? Would you drop out of college to start a business? Bill Gates did. He dropped out of Harvard to start Microsoft, which became one of the most innovative companies ever. He's like many self-made billionaires and entrepreneurs; he is a risk-taker and an innovator (actually, that also describes many self-made millionaires).

Risk tolerance and innovation are just two of the personality characteristics of self-made billionaires. Here are more:


They are entrepreneurial
They "step up to the plate" when an opportunity arises
They see opportunity where nobody else does
They don't procrastinate, they "make it happen"
They are full of optimism
They accept mistakes because there is an opportunity to learn from failure
They enjoy success and thrive to achieve it
They appreciate their own personal success
They are motivated
They know how to invest
They make money doing things that they love
They practice time-management, meaning they don’t waste their time on meaningless tasks
They are influential and persuasive
They surround themselves with smart people
They have business sense
They are fearless
They are intelligent

Of course, these are just some of the common characteristics of self-made billionaires. Not all self-made billionaires carry these traits but all have an incredible desire to succeed and most could do it all over again if they lost it all.

Tino Buntic created http://www.trade-pals.com. TradePals is a B2B and B2C directory of business professionals, salespeople, entrepreneurs, trades people, and freelencers across North America.

Article Source: http://EzineArticles.com/?expert=Tino_Buntic

Wednesday, December 2, 2009

If You Want to be Rich Don't Go to College

In school we are taught that we need to get good grades so that we can get into a good college, then get a good job. This is old advice. You don't need a college degree to become rich. In fact most of the super rich today dropped out of high school or college. If you want to be rich don't go to college, instead you should read this article.

Going to college will not make you rich. Our school systems are designed to create employees, people who work for money. But the richest people in the world are not employees, they are business owners and investors. You do not need to have higher education to become rich, and funnily enough it is the people with the advanced educations who have the most bad debt and are in the worst place financially.

Going to college will teach you the skills you need to get a job and to get an income. Most people thinks it stops there. They believe that you need to have a high income in order to become rich. This is not true. You will become rich not based on how much you earn, but what you do with your money.

College will not make you rich, but financial education will. There are a lot of smart people in the world who have been to college and got their degrees but who are financially uneducated. Every time they get a pay rise they go further into debt, every time they get a bonus it doesn't even begin to help them financially. They are so wound up in debt and expenses that they cannot afford to quit their jobs and live the life of their dreams.

If you want to become rich then you need to understand finances. Instead of just working hard and handing your money over to someone else to invest it for you, you need to take an active interest in your money. Every dollar you invest is like an employee that works for you. It is up to you to make them work hard and bring you a good return.

I am not saying that you shouldn't go to college. I am saying that going college and earning a lot of money won't in itself make you rich. It is what you do with your money after you come home from work that will determine whether you become rich or stay poor. So what should you do with your money in order to become rich?

1. Invest in Assets
Assets are things that put money in your pocket on a regular basis. Don't believe their banks at their word when they say anything you own is an asset. This definition may be correct, as far as the English language is concerned, but this definition will make you poor.

Invest your money into things that generate you money on a regular basis. Real estate that generates more income from rent than all of its expenses is an example of an asset that generates regular income.

2. Buy Assets First and Then Use The Asset To Buy Your Liabilities
Liabilities are things that take money out of your pocket on a regular basis. Most people fail to become rich because they use their money to purchase liabilities first, then they have nothing left over to buy assets. Rich people buy assets first and then use that money to buy their liabilities.

Maybe you get a bonus from work of $20,000. You could use that money to buy a new car, or you could buy a positive cash flow property. Then with the cash flow from that property you could purchase a car. At the end of the day you will still get the car you want, but you will also have an asset that generates you income each and every month.

Join the thousands of people already learning how to become rich WITHOUT making any more money. You can learn how to become rich without any costs for training. Go to http://www.richacademy.com and sign up to start your free training today. Everyone who signs up today will receive a free audio teaching worth $27, so hurry while it is still available.

Article Source: http://EzineArticles.com/?expert=Ryan_Mclean

How the Rich and Famous Obtain Their Wealth and Live Their Dreams

Everyone wants to be successful and many people want to be rich. They stand in the background and watch the Bill Gates, the Robert Kiyosakis and the Oprah Winfrey's make it in the world and they wonder what it is that makes people rich. In each case, these people seem to have had an idea that made them money. They climbed the ladder of success with no problem. But they all made it to the top and we wonder how it happened.

Most people think that the reason people are wealthy is because they had a great idea and they ran with it. Others think that the secret to wealth is saving money and investing wisely. You can put in the search terms, "how to be wealthy" into your favorite search engine and you will find thousands of ideas for how to become wealthy and each one will probably be an investment into network marketing.

The point is that anything that you do can eventually build wealth for you, but the way the rich and famous did it was more basic than what is described here: the real secrets to wealth have more to do with attitude, commitment and behavior which are sometimes difficult to achieve for the average person.

What We Know

After researching this issue for a long time we realized that although the rich and famous do have ideas and do create wealth there is no magic crystal ball that tells them what to do. When you talk to them they all say a variation of the same thing. In every case, we talked to the individuals said it was attitude, commitment and behavior that were the reasons they were wealthy. Once they had these three things in place they were able to make good decisions about how to advance their careers and how to move their lives forward.

Commitment and How it Works

In each case the rich and famous start out by committing to what they want. They make a firm decision about what they want and they look at all aspects of it. You might say that they create a plan that says what they want and they detail it from start to finish. They decide what they want and in the amount of time they want it within. They leave a lot of this information to change like the how of getting it. Some wealthy people created a picture of what they wanted by cutting out pictures from a magazine and putting it on poster board so they could look at it often. Other people took inspirational quotes and put them around. They did everything they could to reinforce their commitment on a regular basis.

The Attitude Of Wealth

Each person said that they had the attitude that they were already wealthy. They looked around at the things they wanted that they would have once they had created their wealth and they opened their minds to accepting the wealth. They said that in wanting wealth and accepting it are two different issues. They keep their attitude on the fact that they had a right to have what they wanted and they combined this with their commitment and their behavior towards it.

Behavior

In every single case each wealthy person began certain behaviors that promoted wealth. They talked to financial advisors ahead of time, they saw themselves with lots of money and they did whatever came to them as inspiration. They learned to think differently. Suze Orman, financial coach and author said in her book, 'The Courage To Be Rich', that thinking was as much a part of the work towards wealth as anything else: "The way each of us thinks and feels about our money is the key factor in determining how much we ultimately have".

So the point that everyone makes here is that if you want to be wealthy you have to start thinking differently about money. You also have to stop stressing about it and do the things that will promote wealth. Some of our wealthy people earned money through stocks, others through small business and other ideas but everyone agreed that the only reason they were wealthy was because of their attitude, commitment and behavior.

Finally, all the people we talked to had some sort of understanding of gratefulness. They each said that being grateful for what they had and continuing to be grateful for those things that showed up, whether they labeled it as positive or negative, was a big part of how their wealth happened.

Kenneth Small has dedicated his life to helping people around the world combat anxiety and negative thought patterns which adversely impact on their lives. His research has led him to finding many proven programmes which are being used with great effect across the world in eliminating these problems. To get a free copy of the wealth creation seminar please visit http://www.wealthgeneratingsecrets.com

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