If you think it would be great to drop in college seminars and classes, I have an idea for you. Drop in www.renegadeuniversity.net and take a look around.
At the site above, you can learn hard won lessons about personal finance, investing, and success. Unless you buy a life changing book, you will spend nothing.
Renegade U will be overhauled soon with new templates and an entrepreneurship section.
Take a look!
Tuesday, August 31, 2010
Saturday, August 21, 2010
Step One to Becoming a Millionaire
The first step you need to take in becoming a millionaire is TO TAKE A STEP. Act. Do SOMETHING. Nothing will happen if you just sit there. Nothing will happen if you just read articles.
Begin some study program, sign up for a conference or seminar, email a millionaire and ask for advice (only if you are willing to take it), get some books from the library. Spend some time learning, but then jump in and DO something.
Maybe build (or get) a website. Partner with someone. Write a business plan.
You do not need to know everything, to have it all down perfectly before you begin. But beginning is KEY. Here are the steps I took in beginning, yours might be the same, they might be different (these are not in exact order):
• I attended a Millionaire Mind Intensive seminar.
• I attended a few other seminars.
• I got a website (I got help building it and setting it up).
• I joined Toastmasters to assist my speaking career.
• I bought a fantastic memory course and speed reading course (and DID it).
• I designed and printed business cards.
• I wrote down my goals and a time line for them
The trick here is that if you begin, if you are moving, in ANY direction, you are on your way. If you are moving in the wrong direction or sideways, adjust your course. It is easier to steer a moving ship than one sitting still.
Remember the old saying, "Look before you leap"? Well, yes DO look before you leap, that is simply being prudent. But you still have to leap! Do not just sit on the sidelines looking.
Being wrong will happen. You just keep moving, adapt, learn from and correct your errors. Mistakes will not make you any worse off than you were, and if you are wise, you will be better for the knowledge gained from them.
You may be thinking to yourself, that is really stupid. All he is saying is to do something. No, it is not STUPID, it is SIMPLE. Let me ask you a question: Are you a millionaire? If you answered yes, then I KNOW you took action. EVERY millionaire has (and continues to do so).
The specifics matter, which particular action you take, but they matter much much less than TAKING action. My original plan was to patent an idea I had, and develop and manufacture a product. I may still do that sometime, but have changed direction in my quest.
Every one who is NOT a millionaire has NOT taken action. Like I said, simple. If you take an action and it does not lead you where you want to go (where you want to go is another article itself), then change your action, take another, a different action.
Most of becoming a millionaire is NOT some special formulas or key undisclosed method. It is applying basic, simple principles, working and reworking them to achieve your goal. Learn them (even imperfectly), APPLY them (even imperfectly), and you will be on your way.
So, let me encourage you to meet me in person at the upcoming (Oct 15-17) Millionaire Mind Intensive in Minneapolis. Personally think it is a GREAT action to take! I am Peter Szymanski, the 18 year old TeenageMillionaireExtraordinarie ©, in the making. http://www.teenagemillionaireextraordinaire.com.
Article Source: http://EzineArticles.com/?expert=Peter_Szymanski
Begin some study program, sign up for a conference or seminar, email a millionaire and ask for advice (only if you are willing to take it), get some books from the library. Spend some time learning, but then jump in and DO something.
Maybe build (or get) a website. Partner with someone. Write a business plan.
You do not need to know everything, to have it all down perfectly before you begin. But beginning is KEY. Here are the steps I took in beginning, yours might be the same, they might be different (these are not in exact order):
• I attended a Millionaire Mind Intensive seminar.
• I attended a few other seminars.
• I got a website (I got help building it and setting it up).
• I joined Toastmasters to assist my speaking career.
• I bought a fantastic memory course and speed reading course (and DID it).
• I designed and printed business cards.
• I wrote down my goals and a time line for them
The trick here is that if you begin, if you are moving, in ANY direction, you are on your way. If you are moving in the wrong direction or sideways, adjust your course. It is easier to steer a moving ship than one sitting still.
Remember the old saying, "Look before you leap"? Well, yes DO look before you leap, that is simply being prudent. But you still have to leap! Do not just sit on the sidelines looking.
Being wrong will happen. You just keep moving, adapt, learn from and correct your errors. Mistakes will not make you any worse off than you were, and if you are wise, you will be better for the knowledge gained from them.
You may be thinking to yourself, that is really stupid. All he is saying is to do something. No, it is not STUPID, it is SIMPLE. Let me ask you a question: Are you a millionaire? If you answered yes, then I KNOW you took action. EVERY millionaire has (and continues to do so).
The specifics matter, which particular action you take, but they matter much much less than TAKING action. My original plan was to patent an idea I had, and develop and manufacture a product. I may still do that sometime, but have changed direction in my quest.
Every one who is NOT a millionaire has NOT taken action. Like I said, simple. If you take an action and it does not lead you where you want to go (where you want to go is another article itself), then change your action, take another, a different action.
Most of becoming a millionaire is NOT some special formulas or key undisclosed method. It is applying basic, simple principles, working and reworking them to achieve your goal. Learn them (even imperfectly), APPLY them (even imperfectly), and you will be on your way.
So, let me encourage you to meet me in person at the upcoming (Oct 15-17) Millionaire Mind Intensive in Minneapolis. Personally think it is a GREAT action to take! I am Peter Szymanski, the 18 year old TeenageMillionaireExtraordinarie ©, in the making. http://www.teenagemillionaireextraordinaire.com.
Article Source: http://EzineArticles.com/?expert=Peter_Szymanski
Sunday, August 1, 2010
Passive Income Article
We are formally trained to generate active income at a job, however it is difficult to truly generate wealth unless one begins to generate passive income. Most of us think of going to work at our jobs every day. Day after day we labor for our boss or business for payment. This is active pay since it is income that goes away if we do not regularly contribute something in return for pay. To maximize wealth, a person needs to train yourself to make passive income instead of actively earning income.
Some examples of passive income would be if you owned stock in a company that pays a dividend, if you owned rental property that was managed by someone else, or if you owned a business that was managed by someone else. In each of these instances, you, as the owner of the stock, rental property, or business could have no daily, weekly, or monthly interaction in the daily operation of the business and still earn money. In other words these are passive income streams that earn money regardless of your actions.
To become wealthy, you need to begin to think of different sources of passive income that you can use to generate income. The most common passive income which requires no interaction except filing taxes on a yearly basis is owning stock. It is possible to become rich doing this, however this requires twenty to thirty years of pouring large portions of your income into these companies. If you want to accelerate this process, you will need to closely buy and sell different companies. The problem with doing this is that the process then becomes an active process and not a passive process. Some people do this task of buying and selling their stocks daily and we call them day traders since they basically do this day in and day out.
Some better Passive Income ideas that will generate larger quantities of money with little starting capital are the ones you should pursue. Of course coming up with these ideas is easier said than done. Starting a business that others can operate for you is probably the ultimate goal for passive income, however this is a difficult process. Usually this requires you actively start the business by yourself and grow it until it can support the employees to run it on your own. If you eventually can free up your time to think about more passive income ideas, you will begin to get ahead of the game.
http://richdadpoordad.us/18/passive-income/
Some examples of passive income would be if you owned stock in a company that pays a dividend, if you owned rental property that was managed by someone else, or if you owned a business that was managed by someone else. In each of these instances, you, as the owner of the stock, rental property, or business could have no daily, weekly, or monthly interaction in the daily operation of the business and still earn money. In other words these are passive income streams that earn money regardless of your actions.
To become wealthy, you need to begin to think of different sources of passive income that you can use to generate income. The most common passive income which requires no interaction except filing taxes on a yearly basis is owning stock. It is possible to become rich doing this, however this requires twenty to thirty years of pouring large portions of your income into these companies. If you want to accelerate this process, you will need to closely buy and sell different companies. The problem with doing this is that the process then becomes an active process and not a passive process. Some people do this task of buying and selling their stocks daily and we call them day traders since they basically do this day in and day out.
Some better Passive Income ideas that will generate larger quantities of money with little starting capital are the ones you should pursue. Of course coming up with these ideas is easier said than done. Starting a business that others can operate for you is probably the ultimate goal for passive income, however this is a difficult process. Usually this requires you actively start the business by yourself and grow it until it can support the employees to run it on your own. If you eventually can free up your time to think about more passive income ideas, you will begin to get ahead of the game.
http://richdadpoordad.us/18/passive-income/
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