The ideas I need materialize.
Say the above affirmation to yourself during a quiet moment.
Thursday, December 29, 2011
Use Your Role Models Even When they are Not Around
Ask yourself what your role model or mentor would do if they were in your shoes.
Be honest with yourself.
Your role models and mentors were not lazy. I am sure they were the ones who made things happen.
Be the person who makes things happen. Get the most from your time.
Put the same amount of passion into your work as your mentors and role models.
Be honest with yourself.
Your role models and mentors were not lazy. I am sure they were the ones who made things happen.
Be the person who makes things happen. Get the most from your time.
Put the same amount of passion into your work as your mentors and role models.
Wednesday, December 28, 2011
A Key Concept for Your Success in 2012
Have high standards for yourself. Don't lower your standards. Your standards are for you.
You don't have to be ridiculous.
Hold yourself accountable for your spending and saving.
Hold yourself accountable for doing excellent work at school, your side project and your main job.
If you set a weight loss goal for 2012, maintain the standard you set for yourself.
Crowd out negative thoughts and people from your mind. This is up to you to protect your vision and goal.
A MasterMind group is excellent for accountability.
You don't have to be ridiculous.
Hold yourself accountable for your spending and saving.
Hold yourself accountable for doing excellent work at school, your side project and your main job.
If you set a weight loss goal for 2012, maintain the standard you set for yourself.
Crowd out negative thoughts and people from your mind. This is up to you to protect your vision and goal.
A MasterMind group is excellent for accountability.
You May be the Eyes and Ears of Your Boss - Why not be the Eyes and Ears of Your Master Mind
The management of any company you can think of and all politicians need eyes and ears.
Leaders need information on what is working and new information on other strengths.
Leaders need to identify threats to their businesses.
If you have or are starting a business, you need a MasterMind group to observe and scan the environment for you. You should do the same for people in your MasterMind.
Keep your employer and your MasterMind informed of crooks and trolls. Pass on any vital info they might need.
Leaders need information on what is working and new information on other strengths.
Leaders need to identify threats to their businesses.
If you have or are starting a business, you need a MasterMind group to observe and scan the environment for you. You should do the same for people in your MasterMind.
Keep your employer and your MasterMind informed of crooks and trolls. Pass on any vital info they might need.
Leadership Quote
"Leadership is about being a role model. Leadership is about living one's life to higher standards."
-- Robert T. Kiyosaki
-- Robert T. Kiyosaki
Friday, December 23, 2011
How to Create Passive Income and Retire Early
Well, after you read my last post you think a billion dollar net worth is way too realistic. Maybe. The the lure is strong.
What if we just want to retire with $50,000 or so in passive income?
Do the following and see mastermind-university dot com :
- Take profits. When your stock shows a profit, at least sell the principal. The market is tough now.
- Buy into trends AND know what you own.
- Investigate a lot of big dividend payers and bonds. Don't limit yourself.
- Spread your money around.
- Watch some inverse etf's and funds.
- Be realistic regardless of what you hear or read. The economy isn't great. Be able to explain to your spouse, or kid why you made the investment you made. Use facts, common sense and logic. Admit mistakes. Admit it if your investments are too risky and make corrections.
- Read about investments. What did the gurus read? What to MBA candidates read? Get started.
- Follow the news on your stocks and your watch list.
- Have a competent MasterMind and a competent advisor cover your blind spots and expand your reach.
- Think of ways to make extra income. There are lots of people selling on ebay and amazon. Lots of people have side businesses and etc. What small deal can you think of? Invest your extra earnings.
- Think of ways to save money without hurting your lifestyle too bad. See the site I mentioned.
- Be nice to everyone. Its easier to build a huge network when its not all about you, or if you are really inconsiderate. Your employers and people you deal with every day should be able to say good things about you. You should pay compliments to others too. Your networks and lists could provide a job or some sales or some other deal. (Or preferential treatment.)
- Work hard at your job and your side projects. Sloppy work won't get you to early retirement. Focus on the bottom line. What makes the income for your work or business? Do those things.
- Admit it to yourself if you are broke. A baseless fantasy that a million bucks is around the corner is a path to disaster.
What if we just want to retire with $50,000 or so in passive income?
Do the following and see mastermind-university dot com :
- Take profits. When your stock shows a profit, at least sell the principal. The market is tough now.
- Buy into trends AND know what you own.
- Investigate a lot of big dividend payers and bonds. Don't limit yourself.
- Spread your money around.
- Watch some inverse etf's and funds.
- Be realistic regardless of what you hear or read. The economy isn't great. Be able to explain to your spouse, or kid why you made the investment you made. Use facts, common sense and logic. Admit mistakes. Admit it if your investments are too risky and make corrections.
- Read about investments. What did the gurus read? What to MBA candidates read? Get started.
- Follow the news on your stocks and your watch list.
- Have a competent MasterMind and a competent advisor cover your blind spots and expand your reach.
- Think of ways to make extra income. There are lots of people selling on ebay and amazon. Lots of people have side businesses and etc. What small deal can you think of? Invest your extra earnings.
- Think of ways to save money without hurting your lifestyle too bad. See the site I mentioned.
- Be nice to everyone. Its easier to build a huge network when its not all about you, or if you are really inconsiderate. Your employers and people you deal with every day should be able to say good things about you. You should pay compliments to others too. Your networks and lists could provide a job or some sales or some other deal. (Or preferential treatment.)
- Work hard at your job and your side projects. Sloppy work won't get you to early retirement. Focus on the bottom line. What makes the income for your work or business? Do those things.
- Admit it to yourself if you are broke. A baseless fantasy that a million bucks is around the corner is a path to disaster.
How to Become a Billionaire
1) Improve the world. Invent a product or service that makes everyone in the world's life better. I wrote a book about MasterMind groups. If you are going to get people in your MasterMind group, you have to improve a few people's lives. Show them how to make more money. Show your protege friend the ropes to the field you are in. Then figure out how to get paid for serving more people.
Positively impact a billion people and you should be a billionaire.
2) Add more and MORE value than your competitors. Look at the iphone and the droid. Their customers have a value packed deal. If word gets out that a good special report you wrote will solve X problem, you could sell a lot of your products with the traffic you get.
Impact a billion people better, faster and cheaper than your competitors.
3) Give your government an edge through technology. You can improve a function of the government with the right product or service. There is a little more to it than defense, intelligence, and law enforcement. Computer programs may be needed to cut costs and streamline, etc.
4) Make deals. Joint ventures could pan out. Who has what you need? Do you have what they need? Make a deal. Consider a joint venture.
5) Do more deals. How many things going does Trump have? What I have been thinking is: entertain more and more people through various projects. Maximize the use of your time like Trump does. You don't know ahead of time what will really work on a massive scale. Have as many deals as you and your team can manage.
If you dont have the resources to pay a 10 person company, talk to your MasterMind group.
6) Brainstorm outside the box. Don't go to bed when your creative juices are flowing. Write down and brainstorm your best out of the box ideas. Improve things that already exist.
7) Investigate the buzz. Or have someone investigate the buzz for you. Search the world for the best wealth building opportunities.
Positively impact a billion people and you should be a billionaire.
2) Add more and MORE value than your competitors. Look at the iphone and the droid. Their customers have a value packed deal. If word gets out that a good special report you wrote will solve X problem, you could sell a lot of your products with the traffic you get.
Impact a billion people better, faster and cheaper than your competitors.
3) Give your government an edge through technology. You can improve a function of the government with the right product or service. There is a little more to it than defense, intelligence, and law enforcement. Computer programs may be needed to cut costs and streamline, etc.
4) Make deals. Joint ventures could pan out. Who has what you need? Do you have what they need? Make a deal. Consider a joint venture.
5) Do more deals. How many things going does Trump have? What I have been thinking is: entertain more and more people through various projects. Maximize the use of your time like Trump does. You don't know ahead of time what will really work on a massive scale. Have as many deals as you and your team can manage.
If you dont have the resources to pay a 10 person company, talk to your MasterMind group.
6) Brainstorm outside the box. Don't go to bed when your creative juices are flowing. Write down and brainstorm your best out of the box ideas. Improve things that already exist.
7) Investigate the buzz. Or have someone investigate the buzz for you. Search the world for the best wealth building opportunities.
Will there be a Run Up of Silver in 2012?
There are some indications coming from various economic sources that may be pointing to solar flare activity in the realm of all things silver. If you're someone that has been buying silver bullion or if you're someone that's considering dipping your toe into the market this could be very good news. Let's take a look the top 3 reasons that will ignite its upward burst.
1) As I write today, with the price of spot gold at $1605/oz and spot silver sitting at $29/oz, the current silver to gold ratio is 55:1. Mathematically speaking, it would take 55 ounces of silver to purchase 1 ounce of gold. Historically, the gap between the two has been about 15:1 and so if go simply remains at it current price and the silver gap decides to revert back to its norm silver will jut upward to $107/oz. A nice jump for doing nothing except letting nature take its course.
2) Dollar printing. The price of gold and the value of the dollar have always travelled in two opposite directions. The more dollars in circulation the higher the price of gold. And, this isn't due to a rise in the value of gold. It's due directly to the value of the dollar. More dollars in circulation means a drop in the value of said dollars resulting in the rise in the price of commodities. Oil has the same response as gold to the increase of the money supply. Just ten years ago the price of gold was just under $300/oz. Has its value risen? No, but, the supply of money has and it has risen rapidly.
The full impact of the recent flood of money printed has yet to hit our shores, but, is making its way around the world and can be seen in all of its ugliness in countries such as Greece and England, as well as the countries of the Middle East. The impact here will be just as profound.
3) Inflation twisted numbers. Our "always looking out for your best" government officials have a knack for "fudging" certain statistics. Inflation is one of those. John Williams at Shadowstats.com tracks the true inflation rates and in a recent interview with King World News (Dec. 20, 2011) gives us this quote:
The earlier all-time high of $850.00 of January 21, 1980 would be $2,472 per troy ounce, based on November 2011 CPI-U-adjusted dollars, $8,702 per troy ounce based on SGS-Alternate-CPI-adjusted dollars.
In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce, although approached earlier this year, still has not been hit since 1980, including in terms of inflation-adjusted dollars. Based on November 2011 CPI-U inflation, the 1980 silver price peak would be $144 per troy ounce and would be $506 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars."
John Williams also believes we're headed for massive hyperinflation and that the price of gold will likewise rise exponentially. Talk of gold hitting $7000+/oz and silver reaching $500+/oz is becoming more and more common in economic writings.
Bonus reason: The crushing demand for silver. Most people don't realize the true industrial value of silver. The metal can be found in batteries, bearings, electronics, soldering and automotive parts. Silver is essential for the production of plastic and can be found in jewelry, tableware and insulation. It has its uses in solar energy, water purification systems, glass and x-ray equipment. According to the The Silver Institute, the demand for silver has risen from 877 million ounces in 2001 to 1056 million ounces in 2010. Add in Chinas' voracious, unquenchable appetite for the metal and a global awakening, yet to come, of the need to protect oneself from currency devaluation via the purchase of gold and silver and the result will be explosive.
Much more information can be found on my website: CheapestGoldandSilver.com
Ray Dudley has become one of those "extreme couponers" over the last few years and has recently applied his couponing tactics to the arena of purchasing silver bullion with great success. Believing the word "retail" to have nasty implications he seeks all things "cheap(er)".
More of my sights can be found on my blog: http://www.cheapgoldandsilver.com
Article Source: http://EzineArticles.com/?expert=Ray_Dudley
Article Source: http://EzineArticles.com/6769335
1) As I write today, with the price of spot gold at $1605/oz and spot silver sitting at $29/oz, the current silver to gold ratio is 55:1. Mathematically speaking, it would take 55 ounces of silver to purchase 1 ounce of gold. Historically, the gap between the two has been about 15:1 and so if go simply remains at it current price and the silver gap decides to revert back to its norm silver will jut upward to $107/oz. A nice jump for doing nothing except letting nature take its course.
2) Dollar printing. The price of gold and the value of the dollar have always travelled in two opposite directions. The more dollars in circulation the higher the price of gold. And, this isn't due to a rise in the value of gold. It's due directly to the value of the dollar. More dollars in circulation means a drop in the value of said dollars resulting in the rise in the price of commodities. Oil has the same response as gold to the increase of the money supply. Just ten years ago the price of gold was just under $300/oz. Has its value risen? No, but, the supply of money has and it has risen rapidly.
The full impact of the recent flood of money printed has yet to hit our shores, but, is making its way around the world and can be seen in all of its ugliness in countries such as Greece and England, as well as the countries of the Middle East. The impact here will be just as profound.
3) Inflation twisted numbers. Our "always looking out for your best" government officials have a knack for "fudging" certain statistics. Inflation is one of those. John Williams at Shadowstats.com tracks the true inflation rates and in a recent interview with King World News (Dec. 20, 2011) gives us this quote:
The earlier all-time high of $850.00 of January 21, 1980 would be $2,472 per troy ounce, based on November 2011 CPI-U-adjusted dollars, $8,702 per troy ounce based on SGS-Alternate-CPI-adjusted dollars.
In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce, although approached earlier this year, still has not been hit since 1980, including in terms of inflation-adjusted dollars. Based on November 2011 CPI-U inflation, the 1980 silver price peak would be $144 per troy ounce and would be $506 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars."
John Williams also believes we're headed for massive hyperinflation and that the price of gold will likewise rise exponentially. Talk of gold hitting $7000+/oz and silver reaching $500+/oz is becoming more and more common in economic writings.
Bonus reason: The crushing demand for silver. Most people don't realize the true industrial value of silver. The metal can be found in batteries, bearings, electronics, soldering and automotive parts. Silver is essential for the production of plastic and can be found in jewelry, tableware and insulation. It has its uses in solar energy, water purification systems, glass and x-ray equipment. According to the The Silver Institute, the demand for silver has risen from 877 million ounces in 2001 to 1056 million ounces in 2010. Add in Chinas' voracious, unquenchable appetite for the metal and a global awakening, yet to come, of the need to protect oneself from currency devaluation via the purchase of gold and silver and the result will be explosive.
Much more information can be found on my website: CheapestGoldandSilver.com
Ray Dudley has become one of those "extreme couponers" over the last few years and has recently applied his couponing tactics to the arena of purchasing silver bullion with great success. Believing the word "retail" to have nasty implications he seeks all things "cheap(er)".
More of my sights can be found on my blog: http://www.cheapgoldandsilver.com
Article Source: http://EzineArticles.com/?expert=Ray_Dudley
Article Source: http://EzineArticles.com/6769335
Friday, December 16, 2011
Financial Independence on a Budget
At mastermind university dot com it is written to:
- Save 1/2 of all pay increases.
- Save unexpected income.
If you don't think you are making enough money now, start small anyway.
How do you manage when you need a sick day? How do people survive after they quit a concentration camp?
You can find a way to save.
The welfare hootchie mama's don't agree. But pay them no mind.
- Save 1/2 of all pay increases.
- Save unexpected income.
If you don't think you are making enough money now, start small anyway.
How do you manage when you need a sick day? How do people survive after they quit a concentration camp?
You can find a way to save.
The welfare hootchie mama's don't agree. But pay them no mind.
Wednesday, November 30, 2011
You Can Fight Poverty and Learned Helplessness...
... its somewhat easy.
Send your kids and young adults who act like they are:
- helpless
- overwhelmed
- conspired against
- hungry
- like an out of touch bureaucrat without the paycheck
- concerned about having a decent retirement
- using the delay game against themselves...
and send them to: http://www.mastermind-university.com/
I do not endorse glittering "new" things. New usually just means socialist or indicates a borderline fraud. The word "new" is misused frequently.
Follow through by quizzing your student, kid, inmate, patient, or employee about what he or she learned.
The above site takes the best ideas for financial independence I have learned in my life and they are on the Internet for free.
Send your kids and young adults who act like they are:
- helpless
- overwhelmed
- conspired against
- hungry
- like an out of touch bureaucrat without the paycheck
- concerned about having a decent retirement
- using the delay game against themselves...
and send them to: http://www.mastermind-university.com/
I do not endorse glittering "new" things. New usually just means socialist or indicates a borderline fraud. The word "new" is misused frequently.
Follow through by quizzing your student, kid, inmate, patient, or employee about what he or she learned.
The above site takes the best ideas for financial independence I have learned in my life and they are on the Internet for free.
Monday, November 21, 2011
Berkshire Hathaway a Buy
Posted by Dr. Steve Sjuggerud, True Wealth Archives, Featured Article -->on November 14, 2011 10:53 am
Warren Buffett “arguably the greatest investor in history“ put a fresh $23.9 billion dollars to work in new investments in the third quarter of 2011.
Itsthe most in at least 15 years, according to Bloomberg.
As usual, Buffett is taking advantage of all the turmoil in the markets these days. The cheaper stocks get, the better I like to buy them, Buffett said in September.
Buffett put nearly $24 billion of cash to work through his company“ Berkshire Hathaway."
Shares of Berkshire Hathaway are a buy in my True Wealth newsletter. Berkshire is trading near its book value which is a (very rough) gauge of liquidation value.
Whenever you can put your money with the greatest investor in history at close to liquidation value, you should.
According to the latest annual report from Berkshire Hathaway, Buffett has grown the company's book value by 490,409% from when he took over through the end of 2010. (Yes, that's 490,409% growth รข€“ that's not a misprint!)
With that kind of extraordinary track record, you'd think investors would be willing to pay a premium for his skills. Usually they are. Take a look at the chart below.
You can see that the stock traded for about two times book value in the late 1990s. And it traded around 1.5 times book value for most of the 2000s, until the financial crises.
Over the last 20 years, shares of Berkshire Hathaway haven't gotten as cheap as they are today (trading near book value) very often.
* In 1992, they almost got as cheap as they are today and the shares nearly doubled in a year.
* In 2000, they fell to near book value and the stock rose 50% in a year.
* In March 2009, the shares bottomed near book value. They soared about 70% over the next year.
Dan Ferris, a longtime friend who writes the investment letter Extreme Value, recently estimated a fair value for shares of Berkshire Hathaway for his subscribers. Dan's fair value for Berkshire is about 56% higher than its share price today (and Dan's math seemed conservative to me).
Two weeks ago, Dan told his Extreme Value subscribers, "If you asked me for one that's a perfect place for new subscribers to begin taking advantage of our ideas, I'd have to choose Berkshire Hathaway.
Last month, Buffett put a fresh $24 billion to work in investments. He was simply following his own advice to be fearful when others are greedy, and greedy when others are fearful.
Others are fearful. It's time for you to be greedy and consider buying shares of Berkshire Hathaway today. They come in shares and B shares they're different prices, but they'll perform the same.
Today they're not trading at much of a premium at all over book value. This situation rarely happens. When it does, take advantage of it! History shows you should be well rewarded.
Good investing,
Steve Sjuggerud
www.topstockanalysts.com
Warren Buffett “arguably the greatest investor in history“ put a fresh $23.9 billion dollars to work in new investments in the third quarter of 2011.
Itsthe most in at least 15 years, according to Bloomberg.
As usual, Buffett is taking advantage of all the turmoil in the markets these days. The cheaper stocks get, the better I like to buy them, Buffett said in September.
Buffett put nearly $24 billion of cash to work through his company“ Berkshire Hathaway."
Shares of Berkshire Hathaway are a buy in my True Wealth newsletter. Berkshire is trading near its book value which is a (very rough) gauge of liquidation value.
Whenever you can put your money with the greatest investor in history at close to liquidation value, you should.
According to the latest annual report from Berkshire Hathaway, Buffett has grown the company's book value by 490,409% from when he took over through the end of 2010. (Yes, that's 490,409% growth รข€“ that's not a misprint!)
With that kind of extraordinary track record, you'd think investors would be willing to pay a premium for his skills. Usually they are. Take a look at the chart below.
You can see that the stock traded for about two times book value in the late 1990s. And it traded around 1.5 times book value for most of the 2000s, until the financial crises.
Over the last 20 years, shares of Berkshire Hathaway haven't gotten as cheap as they are today (trading near book value) very often.
* In 1992, they almost got as cheap as they are today and the shares nearly doubled in a year.
* In 2000, they fell to near book value and the stock rose 50% in a year.
* In March 2009, the shares bottomed near book value. They soared about 70% over the next year.
Dan Ferris, a longtime friend who writes the investment letter Extreme Value, recently estimated a fair value for shares of Berkshire Hathaway for his subscribers. Dan's fair value for Berkshire is about 56% higher than its share price today (and Dan's math seemed conservative to me).
Two weeks ago, Dan told his Extreme Value subscribers, "If you asked me for one that's a perfect place for new subscribers to begin taking advantage of our ideas, I'd have to choose Berkshire Hathaway.
Last month, Buffett put a fresh $24 billion to work in investments. He was simply following his own advice to be fearful when others are greedy, and greedy when others are fearful.
Others are fearful. It's time for you to be greedy and consider buying shares of Berkshire Hathaway today. They come in shares and B shares they're different prices, but they'll perform the same.
Today they're not trading at much of a premium at all over book value. This situation rarely happens. When it does, take advantage of it! History shows you should be well rewarded.
Good investing,
Steve Sjuggerud
www.topstockanalysts.com
Wednesday, November 9, 2011
Community of Investors and Achievers
Get your proactive, motivated self and your NZT48!
I have got some people together who are investing for early retirement, follow Robert T. Kiyosaki and a few other fine gurus.
If you want to retire early or become a billionaire, you need to get around the right people.
Come check it out this community of achievers. Read the description carefully.
This group is moderated by the author of The Black Book of the Master Mind.
http://finance.groups.yahoo.com/group/IndependentWealth/
In IndependentWealth, you can:
- Share what works and what doesn't with other uncommon people.
- Get excellent articles, motivational quotes, memes, book suggestions, and stock picks.
- Unite with others who pursue FI-RE regardless of other people's messages and insinuations.
- Get honest opinion on the financial markets and stock picks.
I have got some people together who are investing for early retirement, follow Robert T. Kiyosaki and a few other fine gurus.
If you want to retire early or become a billionaire, you need to get around the right people.
Come check it out this community of achievers. Read the description carefully.
This group is moderated by the author of The Black Book of the Master Mind.
http://finance.groups.yahoo.com/group/IndependentWealth/
In IndependentWealth, you can:
- Share what works and what doesn't with other uncommon people.
- Get excellent articles, motivational quotes, memes, book suggestions, and stock picks.
- Unite with others who pursue FI-RE regardless of other people's messages and insinuations.
- Get honest opinion on the financial markets and stock picks.
Saturday, September 17, 2011
How to Be a Billionaire -- Book Review
How to Be a Billionaire - Proven Strategies from the Titans of Wealth- Written by Martin S. Fridson
This book looks at the titans of wealth. It was published in 2000 so you won't see some of the new money from Google and Facebook in here but the principles are the same. Whenever you can leverage thoughts from such an elite group of people, it is worth it to take the time to study it.
Quick useless trivia stats to put in perspective how much a million, billion and trillion really are - If you were to count that amount of money and assume that you count $1 dollar every second then here is how it works out:
1. It would take you 12 days to count $1,000,000 dollars.
2. It would take you 32 years to count $1,000,000,000 dollars.
3. It would take you over 32,000 years to count $1,000,000,000,000 dollars.
Let's not even discuss the U.S. debt. I guess we should make all the politicians sit in the room and count until they hit it. It may be a more productive use of their time since they get so much done now!
Why is this important to me? This book may not be important to you for good reasons. It takes huge sacrifice to become a billionaire. These titans of wealth are the elite of money making humanity. This takes work. If you think of the best professional athletes then you will understand the dedication it really takes. Muhammad Ali started boxing at 10 years old and practiced his whole life. Boxing was his life's passion and it took that type of dedication to be the best. He did not just step in the ring one day and become the best. It took him years of self-sacrifice, dedication and sweat equity to get it done. The same is true for all the Billionaires profiled in this book. On the other hand, there is great knowledge to be used if your goals are big but maybe not that big. Let's say you want a more balanced life then you can still use these principles to make a ton of money and garner security and the good things that money can buy without pouring all of your time in the endeavor. The principles you will see in this book take OPM, OPE and OPT to the extremes. I have talked about these concepts in other summaries. It is interesting how you see the same principles pop up in profiling success.
This book is packed with 9 principles used by different people to become billionaires. You may or may not agree but the data is conclusive on their success. I will touch on all of them but dig into the top 3 in more detail
1. Take Monumental Risks- "Fortune assists the brave" - H.L Hunt and John Kluge bankrolled their fortunes at the poker table. These men learned more about deals and money gambling then they did in traditional university. John borrowed $5000 from the bank and only used $1000 of it and then sold the business for $500,000. When he told the bank, the comment was "that is some leverage" - He asked - What is leverage? Years later he was sorry he asked. He amassed his fortune in Radio and LBO's (Leveraged Buyouts)
2. Do business in a new way - Sam Walton and Ross Perot both saw weaknesses in the market that they exploited. They built a culture of execution and market dominance. Wal-Mart may be the first company in history to generate $1 Trillion in revenue. This will summarize everything - According to Ross Perot - "The first EDSER to see a snake kills it. At GM, first thing you do is organize a committee on snakes. Then you bring in a consultant who knows a lot about snakes......Then you talk about if for one year." This is why Perot left GM after selling EDS to them.
3. Dominate your market - John D. Rockefeller and Bill Gates. Both were highly successful and dominated everything they touched. Both men created enemies and people ALWAYS questioned their tactics. With that aside you can't deny what they accomplished. They played to win. The story of Microsoft is one of shear dominance in the market. Gates exploited a whole and created an entire industry out of thin air. People questioned that Monopoly power that Microsoft had and they would be correct in pointing it out. This should be a goal of any entrepreneur - CONTROL YOUR MARKET. If you cannot be in the top 3 in your market then you need to get out of it. Gates lead Microsoft with razor sharp focus and expected the best. He leveraged his strength to branch into other profitable software markets. He read the encyclopedia cover to cover by age 11. You cannot deny his intellect.
4. Consolidate a market - This strategy does create billions of dollars but you need to be careful because most market rollups end in disaster. Read Billion Dollar Lessons. When you do it right like Wayne Huizenga of Waste Management then you create Billion dollar companies and market capitalizations. The key here is if you have two average companies and meld them together then you have one big average. This is not the way to do it. You have to execute and drive a culture of innovation to succeed with this method.
5. Buy Low - Warren Buffett, Carl Icahn, Lawrence Tisch and J. Paul Getty all used this strategy to amass fortune. Warren Buffet always wants to buy $1 and pay 50 cents. This is one secret to his magical fortune. When you dig in you will see he uses the right instruments to do this. He uses Insurance companies to buy whole or controlling interests in companies. This is brilliant because he can use the "Float" or OPM, the tax advantages of the entity and sound financial leverage. How can the little guy use these principles? I recommend checking out my summaries of Robert Kiyosaki's books. He talks about the same concepts but more in tune for the little guys.
6. Thrive on Deals - This is simply love of the game. You see this all the time when you study these billionaire magnets. The key is execution and the ones that are successful do not do deals for the deals sake. This is for all the other idiots that you can read about in the book summary Billion Dollar Lessons.
7. Out manage the competition - First and foremost, hire the right people. Be diligent at doing this. Microsoft used to take out ads that said - "We recruit the best and brightest only." They would give them difficult problems in the interview and tell them "Solve it". They ripped them to pieces before they hired them. This set the tone for the people that did get hired and they made no mistake about the culture. Sam Walton and Richard Branson also use positive reinforcement and entrusting people with a lot responsibility to out manage the competition.
These last two I will not spend any time on because for the other 95% of us we cannot do this and it clouds the game regardless.
How to be a billionaire is a simple road map to how the titans of business use certain strategies to amass fortunes. There is nothing better than investing a couple of hours and sucking out the knowledge of 300 man years of billionaire knowledge. This is, in my humble opinion, the best way to use leverage. That is OPE - leverage other people's expertise and use it for your own gain and to better society.
I hope you have found this short video summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days.
One thing you can take away from this book is to buy low. This is probably the easiest thing to do. Invest the same way you buy groceries and good things will happen. One really good deal can have big effects.
I was really lucky in my business; we merged with a company that was going to be dissolved by a much bigger entity. We picked up the company for pennies and added to our team 3 professionals that will enhance us 10 fold. Be patient and keep your eyes open. "Luck favors the prepared mind."
Joe Mosed invites you to subscribe to http://www.successprogress.com to receive free video book summaries. Our vision at Success Progress is to provide relevant & meaningful content to our user community. To view the video summary of this article please visit http://www.successprogress.com/videos/billionaire
(c) Copyright - Joe Mosed / Success Progress All Rights Reserved Worldwide.
Article Source: http://EzineArticles.com/?expert=Joe_Mosed Article Source: http://EzineArticles.com/6413788
This book looks at the titans of wealth. It was published in 2000 so you won't see some of the new money from Google and Facebook in here but the principles are the same. Whenever you can leverage thoughts from such an elite group of people, it is worth it to take the time to study it.
Quick useless trivia stats to put in perspective how much a million, billion and trillion really are - If you were to count that amount of money and assume that you count $1 dollar every second then here is how it works out:
1. It would take you 12 days to count $1,000,000 dollars.
2. It would take you 32 years to count $1,000,000,000 dollars.
3. It would take you over 32,000 years to count $1,000,000,000,000 dollars.
Let's not even discuss the U.S. debt. I guess we should make all the politicians sit in the room and count until they hit it. It may be a more productive use of their time since they get so much done now!
Why is this important to me? This book may not be important to you for good reasons. It takes huge sacrifice to become a billionaire. These titans of wealth are the elite of money making humanity. This takes work. If you think of the best professional athletes then you will understand the dedication it really takes. Muhammad Ali started boxing at 10 years old and practiced his whole life. Boxing was his life's passion and it took that type of dedication to be the best. He did not just step in the ring one day and become the best. It took him years of self-sacrifice, dedication and sweat equity to get it done. The same is true for all the Billionaires profiled in this book. On the other hand, there is great knowledge to be used if your goals are big but maybe not that big. Let's say you want a more balanced life then you can still use these principles to make a ton of money and garner security and the good things that money can buy without pouring all of your time in the endeavor. The principles you will see in this book take OPM, OPE and OPT to the extremes. I have talked about these concepts in other summaries. It is interesting how you see the same principles pop up in profiling success.
This book is packed with 9 principles used by different people to become billionaires. You may or may not agree but the data is conclusive on their success. I will touch on all of them but dig into the top 3 in more detail
1. Take Monumental Risks- "Fortune assists the brave" - H.L Hunt and John Kluge bankrolled their fortunes at the poker table. These men learned more about deals and money gambling then they did in traditional university. John borrowed $5000 from the bank and only used $1000 of it and then sold the business for $500,000. When he told the bank, the comment was "that is some leverage" - He asked - What is leverage? Years later he was sorry he asked. He amassed his fortune in Radio and LBO's (Leveraged Buyouts)
2. Do business in a new way - Sam Walton and Ross Perot both saw weaknesses in the market that they exploited. They built a culture of execution and market dominance. Wal-Mart may be the first company in history to generate $1 Trillion in revenue. This will summarize everything - According to Ross Perot - "The first EDSER to see a snake kills it. At GM, first thing you do is organize a committee on snakes. Then you bring in a consultant who knows a lot about snakes......Then you talk about if for one year." This is why Perot left GM after selling EDS to them.
3. Dominate your market - John D. Rockefeller and Bill Gates. Both were highly successful and dominated everything they touched. Both men created enemies and people ALWAYS questioned their tactics. With that aside you can't deny what they accomplished. They played to win. The story of Microsoft is one of shear dominance in the market. Gates exploited a whole and created an entire industry out of thin air. People questioned that Monopoly power that Microsoft had and they would be correct in pointing it out. This should be a goal of any entrepreneur - CONTROL YOUR MARKET. If you cannot be in the top 3 in your market then you need to get out of it. Gates lead Microsoft with razor sharp focus and expected the best. He leveraged his strength to branch into other profitable software markets. He read the encyclopedia cover to cover by age 11. You cannot deny his intellect.
4. Consolidate a market - This strategy does create billions of dollars but you need to be careful because most market rollups end in disaster. Read Billion Dollar Lessons. When you do it right like Wayne Huizenga of Waste Management then you create Billion dollar companies and market capitalizations. The key here is if you have two average companies and meld them together then you have one big average. This is not the way to do it. You have to execute and drive a culture of innovation to succeed with this method.
5. Buy Low - Warren Buffett, Carl Icahn, Lawrence Tisch and J. Paul Getty all used this strategy to amass fortune. Warren Buffet always wants to buy $1 and pay 50 cents. This is one secret to his magical fortune. When you dig in you will see he uses the right instruments to do this. He uses Insurance companies to buy whole or controlling interests in companies. This is brilliant because he can use the "Float" or OPM, the tax advantages of the entity and sound financial leverage. How can the little guy use these principles? I recommend checking out my summaries of Robert Kiyosaki's books. He talks about the same concepts but more in tune for the little guys.
6. Thrive on Deals - This is simply love of the game. You see this all the time when you study these billionaire magnets. The key is execution and the ones that are successful do not do deals for the deals sake. This is for all the other idiots that you can read about in the book summary Billion Dollar Lessons.
7. Out manage the competition - First and foremost, hire the right people. Be diligent at doing this. Microsoft used to take out ads that said - "We recruit the best and brightest only." They would give them difficult problems in the interview and tell them "Solve it". They ripped them to pieces before they hired them. This set the tone for the people that did get hired and they made no mistake about the culture. Sam Walton and Richard Branson also use positive reinforcement and entrusting people with a lot responsibility to out manage the competition.
These last two I will not spend any time on because for the other 95% of us we cannot do this and it clouds the game regardless.
How to be a billionaire is a simple road map to how the titans of business use certain strategies to amass fortunes. There is nothing better than investing a couple of hours and sucking out the knowledge of 300 man years of billionaire knowledge. This is, in my humble opinion, the best way to use leverage. That is OPE - leverage other people's expertise and use it for your own gain and to better society.
I hope you have found this short video summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days.
One thing you can take away from this book is to buy low. This is probably the easiest thing to do. Invest the same way you buy groceries and good things will happen. One really good deal can have big effects.
I was really lucky in my business; we merged with a company that was going to be dissolved by a much bigger entity. We picked up the company for pennies and added to our team 3 professionals that will enhance us 10 fold. Be patient and keep your eyes open. "Luck favors the prepared mind."
Joe Mosed invites you to subscribe to http://www.successprogress.com to receive free video book summaries. Our vision at Success Progress is to provide relevant & meaningful content to our user community. To view the video summary of this article please visit http://www.successprogress.com/videos/billionaire
(c) Copyright - Joe Mosed / Success Progress All Rights Reserved Worldwide.
Article Source: http://EzineArticles.com/?expert=Joe_Mosed Article Source: http://EzineArticles.com/6413788
Sunday, August 21, 2011
7 Ways to Unleash Your Financial genius
1) Obey the law of reciprocity. You are not going to get something for nothing. You must sacrifice something to gain something. If your customers are more than happy, you will be more than happy to be able to sell even more. Rewriting 3 eBooks and flinging them on an affiliate program expecting huge results is not obeying the law of reciprocity.
2) Be highly adaptable. People who survive and the people who reap the big windfalls noticed changes in their environments and acted in time. Adaptable people are likely to change their tactics and objectives when their boundary spanning and forecasting says "trouble on the horizon" or "big potential ahead." There is a slight chance you could adapt the needs and wants of consumers to what you are selling. You need to figure out how likely which business or investment has the best chance of success.
3) Begin with the end user in mind. Google serves the end user. Google's end users seem pretty satisfied. From the beginning, you must aim to satisfy your end users. If you do not, you are out of business. Test products and test customer service. Survey your customers to see if they like what they bought from you. Use Google alerts and monitor reviews of your product and your competitor's product.
4) Do as much of the important work yourself, if you can. No one cares about the success of your business as much as you. You cannot afford to hire incompetent workers, dishonest workers, or workers who do not really care. If you need to hire a specialized worker and need awesome results for your startup, copy Jeff Bezos of Amazon and make your programmer a part owner of your company.
5) Form a Master Mind group. There is synergy in a Master Mind. Sounding boards are useful. It is very, very beneficial to have an experienced entrepreneur in your Master Mind member who can steer you clear of errors and any sort of trap or con. Don't mooch off your Master Mind, bring something to the table.
6) Pretend its do or die. I have a guy in my Master Mind who is an alternative health expert. He tells people to pretend they have a month to live. He then tells them to get a juicer, quit smoking, and a bunch of other stuff. What I will say is: you know in 30 days your job is history. If you don't have money to retire with the comfort you want, what will you do? Then begin your research, planning, saving, and finding your own work.
7) Use self hypnosis and custom subliminal MP3's to alter your thinking, beliefs about yourself and your behavior. Listening when you wake up in the morning is best. Use your imagination. Tell yourself you can do it. Tell yourself you are capable. Succinctly tell yourself why you are capable. Focus on the most important few things.
If you choose to use self hypnosis and mind programming, whatever you do, DO NOT say "I am a billionaire." Stick with stuff that is attainable. You can learn faster, be motivated, not procrastinate, and be more confident. Those statements will likely get results. Too many wealth affirmations make you chant, "I want to get rich" which is a useless affirmation.
David K Drews is an author, investor, Internet marketer, MBA, and ex politcal hack. David runs http://www.renegadeuniversity.net - at this site you will find help with self hypnosis and subliminals, David's book about Master Mind groups, a list of 170 money saving ideas, the best books and sites for unleashing your financial genius.
Why stay in the school of hard knocks? Get ahead of the game today.
Article Source: http://EzineArticles.com/?expert=David_Drews Article Source: http://EzineArticles.com/6501182
Wednesday, August 17, 2011
My Current Investing Strategy: Tech, Leveraged ETFs and Other Countries
Right now, I am buying and holding (a few) companies that are developing cutting edge technologies. For example, nanotechnology (I own shares of IBM). Tech companies are a good buy now.
During the panic last week, I took profits on FAZ, and AGQ. I took those profits and bought shares of AGD. (IBM did well last week.)
Its good to spread your money around. Its good to have some etfs, including short and leveraged etf s (I think so). Its good to have some cash on the sidelines for puts an/or short funds, or to buy a discounted stock. You can't do that without any cash.
I am becoming more of a believer in taking profits and playing with the houses money.
During the panic last week, I took profits on FAZ, and AGQ. I took those profits and bought shares of AGD. (IBM did well last week.)
Its good to spread your money around. Its good to have some etfs, including short and leveraged etf s (I think so). Its good to have some cash on the sidelines for puts an/or short funds, or to buy a discounted stock. You can't do that without any cash.
I am becoming more of a believer in taking profits and playing with the houses money.
Sunday, July 31, 2011
Poverty Quote
"Money doesn’t buy happiness. But complaining about being broke doesn’t pay the rent or make you any happier either, dammit!" -- Karen Salmansohn
Monday, July 18, 2011
Wednesday, July 13, 2011
Only You can Decide what is Right for You
Ultimately you are the one who decides you path.
Society, the news media, government employees, and anyone else you can think of should not attempt to place you in an extremely humble little cubby hole.
You decide what is right for you.
When I was young, I had malcontents at church and school yell at me:
- "stay down bro"
- "go with the flow"
- "don't even try"
- "pray for bad things to happen"
Ultimately I rejected their advice. I listened to the gurus of our day and I found a mentor.
The going can be pretty rough when you go against the church-government-media complex.
The self procliamed elites, who had nothing to do, came around and criticized and bitched. But I refused to listen. Today, I still refuse to listen to the libtards, even the ones who call themselves pastors. If its to be, its up to me.
The other side will trick you into screwing up. Maybe they will try to get you to pin your hopes on them doing something. Nope, the elites, the libtards will never help you. You cannot want wealth without their approval.
Tune out the media-church-government complex. Associate with people that are genuine. Associate with achievers. The libs don't want you to remember the lies they told you years ago. But you need to.
The first things you need to do are to save as much money as possible, learn to invest, learn to run a business, and maybe move to a place where there are less sheeple per capita.
Only dead fish go with the flow.
Do not ask permission to follow your dreams.
Society, the news media, government employees, and anyone else you can think of should not attempt to place you in an extremely humble little cubby hole.
You decide what is right for you.
When I was young, I had malcontents at church and school yell at me:
- "stay down bro"
- "go with the flow"
- "don't even try"
- "pray for bad things to happen"
Ultimately I rejected their advice. I listened to the gurus of our day and I found a mentor.
The going can be pretty rough when you go against the church-government-media complex.
The self procliamed elites, who had nothing to do, came around and criticized and bitched. But I refused to listen. Today, I still refuse to listen to the libtards, even the ones who call themselves pastors. If its to be, its up to me.
The other side will trick you into screwing up. Maybe they will try to get you to pin your hopes on them doing something. Nope, the elites, the libtards will never help you. You cannot want wealth without their approval.
Tune out the media-church-government complex. Associate with people that are genuine. Associate with achievers. The libs don't want you to remember the lies they told you years ago. But you need to.
The first things you need to do are to save as much money as possible, learn to invest, learn to run a business, and maybe move to a place where there are less sheeple per capita.
Only dead fish go with the flow.
Do not ask permission to follow your dreams.
Wednesday, July 6, 2011
An Idea for Mastermind Groups, Forum Moderators, Political Committess, etc.
Get the pedestrians out of the fast lane!
They are dangerous!
What are they trying to do? Wash windshields? Score a lawsuit?
Weed out pedestrians.
They are dangerous!
What are they trying to do? Wash windshields? Score a lawsuit?
Weed out pedestrians.
Why Did they ask my Date of Birth ?
Maybe its becuse they need to know your sign.
Horoscopes and astrology are not just for finding a compatible partner. I have seen people use astrology and make decisions using astrology in academia, business, church, and politics.
Horoscopes and astrology are not just for finding a compatible partner. I have seen people use astrology and make decisions using astrology in academia, business, church, and politics.
Passive Income Ideas for 2011
Were you aware that passive income is the best type of income? Passive income is income you receive without actually doing any work. You can become wealthy while relaxing in the comfort of your own home! It sounds amazing doesn't it?! The only problem is that the best passive revenue streams come from initially investing a lot of hard work or investing a good amount of money. Eventually though, that hard work begins to provide a steady stream of income independently. Here are a few excellent passive income ideas to consider for 2011 and beyond.
1. Parking Lots Parking can be big business. Have you ever been to a large event before and paid for parking? Parking can cost between $5-$25+ for each car at a major event. All that you need to enter the parking business is a paved piece of land and an employee you pay $10-$15/hour. If you have the right piece of property, it may be an excellent investment opportunity with the land appreciating in value itself. Once you purchase the land and find a loyal employee, parking can be an easy way to make income for the rest of your life.
2. Real Estate The real estate market is currently down which could make housing an excellent discounted market to enter. All you need to do is purchase a home and rent it out. This may require you to search for rentors every few years and provide occasional maintenance. For a fee, a company will find rentors and provide maintenance for you. A friend of mine has actually never resold a home despite multiple moves. He purchases a new home with each company transfer and rents out the previous home through a property management service. He now owns multiple homes that provide a nice monthly income.
3. Starting a business This may require the most up-front work out of all the passive income ideas, but it can also be the most profitable. If you do not want to spend years developing a company, consider purchasing a franchise. Some franchises are turnkey operations with proven results.
4. Invent something Are you a creative person? If you can develop a unique niche product that sells well, you could make millions. All that is required is creativity and a business partner to help get your product to market. Could you have imagine inventing the "Snuggie"? Something that silly could allow you to retire early.
5. Stock Market The stock market is currently down which may make it a great time to purchase dividend stocks. Buy up solid companies with high dividends, and you could have a steady quarterly income of cash through dividends. The stock market isn't foolproof, so be sure to diversify your investments to minimize risk.
6. Write a Book Everyone has unique talents to share with the world. What are your yours? Craft your experiences into a fun read, and you could end up with royalty checks from a publisher for the rest of your life. All you need is your creativity and a computer. Now that we are in the age of the internet, consider writing an e-book as well.
7. Create a Website The internet is all about creating a valuable product and marketing well. Websites require a lot of upfront development, but they can be quite financially rewarding if you can bring in enough traffic. Some websites are just pages filled with ads while others like dating service sites bring in a monthly fee from users. I do not consider blogs as passive income because they require your attention on a routine basis.
8. Provide loans The loan business is no longer reserved for large companies. There are peer to peer lending services like Lending Club and Prosper that provide you with clients that will borrow your money for a fee. These companies frequently provide lower rates than banks, and pay investors much higher rates than saving accounts. Only borrowers with high credit scores can participate, and you can choose who receives your money. This can be a risky business with the possibility of defaults, so you will need to diversify amongst many clients to minimize your risk. A friend of mine also loans money to friends and relatives that are in a strong position to repay the loan in the future. Loaning money to loved ones can be a touchy business, but you will have the most dedicated of customers. Just be sure to include a contract.
9. Storage Units Moving is a nightmare, but almost everyone moves eventually. Often this requires temporary downsizing while you search for a new home, and often times a new home will be smaller than the last. Downsizing is especially common come retirement, but few people are ready to part with their extra stuff in a hurry. This is why the storage business is so profitable. Each unit can bring in a steady monthly income.
10. Machines This is my least favorite form of passive income, but it works very well for some people. You can invest in ATM machines, vending machines, movie machines, or even coin exchange machines. Coin machines exchange coins for bills and keep a percentage of each exchange as high as 9%. All you need is a prime location to make this work.
My name is Jared Heathman MD, and I am a finance author/physician. I want to help you maximize your wealth for free. Visit me and learn more at http://www.RichAsChocolate.com
Article Source: http://EzineArticles.com/?expert=Jared_HeathmanArticle Source: http://EzineArticles.com/6389865
1. Parking Lots Parking can be big business. Have you ever been to a large event before and paid for parking? Parking can cost between $5-$25+ for each car at a major event. All that you need to enter the parking business is a paved piece of land and an employee you pay $10-$15/hour. If you have the right piece of property, it may be an excellent investment opportunity with the land appreciating in value itself. Once you purchase the land and find a loyal employee, parking can be an easy way to make income for the rest of your life.
2. Real Estate The real estate market is currently down which could make housing an excellent discounted market to enter. All you need to do is purchase a home and rent it out. This may require you to search for rentors every few years and provide occasional maintenance. For a fee, a company will find rentors and provide maintenance for you. A friend of mine has actually never resold a home despite multiple moves. He purchases a new home with each company transfer and rents out the previous home through a property management service. He now owns multiple homes that provide a nice monthly income.
3. Starting a business This may require the most up-front work out of all the passive income ideas, but it can also be the most profitable. If you do not want to spend years developing a company, consider purchasing a franchise. Some franchises are turnkey operations with proven results.
4. Invent something Are you a creative person? If you can develop a unique niche product that sells well, you could make millions. All that is required is creativity and a business partner to help get your product to market. Could you have imagine inventing the "Snuggie"? Something that silly could allow you to retire early.
5. Stock Market The stock market is currently down which may make it a great time to purchase dividend stocks. Buy up solid companies with high dividends, and you could have a steady quarterly income of cash through dividends. The stock market isn't foolproof, so be sure to diversify your investments to minimize risk.
6. Write a Book Everyone has unique talents to share with the world. What are your yours? Craft your experiences into a fun read, and you could end up with royalty checks from a publisher for the rest of your life. All you need is your creativity and a computer. Now that we are in the age of the internet, consider writing an e-book as well.
7. Create a Website The internet is all about creating a valuable product and marketing well. Websites require a lot of upfront development, but they can be quite financially rewarding if you can bring in enough traffic. Some websites are just pages filled with ads while others like dating service sites bring in a monthly fee from users. I do not consider blogs as passive income because they require your attention on a routine basis.
8. Provide loans The loan business is no longer reserved for large companies. There are peer to peer lending services like Lending Club and Prosper that provide you with clients that will borrow your money for a fee. These companies frequently provide lower rates than banks, and pay investors much higher rates than saving accounts. Only borrowers with high credit scores can participate, and you can choose who receives your money. This can be a risky business with the possibility of defaults, so you will need to diversify amongst many clients to minimize your risk. A friend of mine also loans money to friends and relatives that are in a strong position to repay the loan in the future. Loaning money to loved ones can be a touchy business, but you will have the most dedicated of customers. Just be sure to include a contract.
9. Storage Units Moving is a nightmare, but almost everyone moves eventually. Often this requires temporary downsizing while you search for a new home, and often times a new home will be smaller than the last. Downsizing is especially common come retirement, but few people are ready to part with their extra stuff in a hurry. This is why the storage business is so profitable. Each unit can bring in a steady monthly income.
10. Machines This is my least favorite form of passive income, but it works very well for some people. You can invest in ATM machines, vending machines, movie machines, or even coin exchange machines. Coin machines exchange coins for bills and keep a percentage of each exchange as high as 9%. All you need is a prime location to make this work.
My name is Jared Heathman MD, and I am a finance author/physician. I want to help you maximize your wealth for free. Visit me and learn more at http://www.RichAsChocolate.com
Article Source: http://EzineArticles.com/?expert=Jared_HeathmanArticle Source: http://EzineArticles.com/6389865
Wednesday, June 29, 2011
How to Make Money from Money
What is the best way to make money from money? There is that old adage, "It takes money to make money," and to all appearances that is very often true.
Let us say that money is conceived as tied up in capital investment and social values such as building walls, transportation, education and on-the-job training, inventory, research and development, time spent networking, civic infrastructure, work ethic, optimism, health, and so on as well as currency and liquid asset. How does one make money in the absence of these things? Or more narrowly, how does one make money without currency and material things?
No can do.
So again, what is the best way to make money from money? Various principles come to mind.
1) Find out what other people will buy. Someone has suggested that the customer is the best marketing expert. The temptation, of course, is to get this backwards. I buy what I like. I invest in what I like. I go all romantic on the business opportunity, the "can't lose" investment, the golden product... and only afterwards do I think about what other people like. And what they will buy.
Even when we are aware of the principle, getting it backwards is easy to do. And you may indeed like what others like. But you get the idea. "The fool and his money are soon parted," but the wise find out what people will buy before they find a way to give it to them. Bet on the horse running downhill, not the one puffing uphill.
2) Look before you leap. Do your research. Test small before going all the way. Yeah, this is like the first point, but broader. We may not have a crystal ball, but we can look at history. Company reputation. Demograpghics. Trends. Traps. Financial fundamentals.
If you want to make money from money, it does not have to be a glamorous process. It just has to work. And you have to make it work. Research first.
3) Of course if you have money, you can pay someone to do such research for you, to find the markets and the opportunities. But at some point you need to sail familiar waters, even if it is knowing who and what to trust. Would you rather make money in an area you know or fly blind?
A lot of faces can look beautiful at a distance. Up close, you see the pimples and wrinkles. Don't marry an opportunity at a distance. Prefer the business you know.
4) Invest in what you enjoy. I know. This sounds like a contradiction to the above. Hang on.
A dog-demon gives cartoon character Dilbert a choice: (1) Work for a charity and do all kinds of good, but live in poverty or (2) Make all kinds of money, but see your labors burned to ashes at the end of each day.
A lot of us don't like our work. We tolerate it in order to make more money than doing something we like. And there is something to be said for disciplining our hedonism and narcissism.
But we tend to last longer, be healthier, and succeed more fully when we find at least some enjoyment in what we do to make money. Invest in what you are good at. You are often good at what you enjoy.
5) When making money from money, do not focus on making money. There is nothing wrong with profit per se. We all need it to survive. And the best way to make money from money is to work at it. Even passive income is the result of years of some kind of labor for somebody.
But what I mean is that we are on this earth to do good for others. To love our neighbor as ourself, to do for others what we would have them do for us. Focus on the value you bring to the table, the thing you do for others, directly or indirectly.
The best way to make money from money is to use money for the benefit of people.
Next, to create a profit system online, sign up for the email series. The author has been working his own business full time online since October 2008.
Article Source: http://EzineArticles.com/?expert=Stephen_Hanover Article Source: http://EzineArticles.com/6354481
Let us say that money is conceived as tied up in capital investment and social values such as building walls, transportation, education and on-the-job training, inventory, research and development, time spent networking, civic infrastructure, work ethic, optimism, health, and so on as well as currency and liquid asset. How does one make money in the absence of these things? Or more narrowly, how does one make money without currency and material things?
No can do.
So again, what is the best way to make money from money? Various principles come to mind.
1) Find out what other people will buy. Someone has suggested that the customer is the best marketing expert. The temptation, of course, is to get this backwards. I buy what I like. I invest in what I like. I go all romantic on the business opportunity, the "can't lose" investment, the golden product... and only afterwards do I think about what other people like. And what they will buy.
Even when we are aware of the principle, getting it backwards is easy to do. And you may indeed like what others like. But you get the idea. "The fool and his money are soon parted," but the wise find out what people will buy before they find a way to give it to them. Bet on the horse running downhill, not the one puffing uphill.
2) Look before you leap. Do your research. Test small before going all the way. Yeah, this is like the first point, but broader. We may not have a crystal ball, but we can look at history. Company reputation. Demograpghics. Trends. Traps. Financial fundamentals.
If you want to make money from money, it does not have to be a glamorous process. It just has to work. And you have to make it work. Research first.
3) Of course if you have money, you can pay someone to do such research for you, to find the markets and the opportunities. But at some point you need to sail familiar waters, even if it is knowing who and what to trust. Would you rather make money in an area you know or fly blind?
A lot of faces can look beautiful at a distance. Up close, you see the pimples and wrinkles. Don't marry an opportunity at a distance. Prefer the business you know.
4) Invest in what you enjoy. I know. This sounds like a contradiction to the above. Hang on.
A dog-demon gives cartoon character Dilbert a choice: (1) Work for a charity and do all kinds of good, but live in poverty or (2) Make all kinds of money, but see your labors burned to ashes at the end of each day.
A lot of us don't like our work. We tolerate it in order to make more money than doing something we like. And there is something to be said for disciplining our hedonism and narcissism.
But we tend to last longer, be healthier, and succeed more fully when we find at least some enjoyment in what we do to make money. Invest in what you are good at. You are often good at what you enjoy.
5) When making money from money, do not focus on making money. There is nothing wrong with profit per se. We all need it to survive. And the best way to make money from money is to work at it. Even passive income is the result of years of some kind of labor for somebody.
But what I mean is that we are on this earth to do good for others. To love our neighbor as ourself, to do for others what we would have them do for us. Focus on the value you bring to the table, the thing you do for others, directly or indirectly.
The best way to make money from money is to use money for the benefit of people.
Next, to create a profit system online, sign up for the email series. The author has been working his own business full time online since October 2008.
Article Source: http://EzineArticles.com/?expert=Stephen_Hanover Article Source: http://EzineArticles.com/6354481
Monday, June 27, 2011
Be Bold if You Care About Your Future - No one else does
Forget the rules some of the Wall Street gurus have for you: bearish funds, options, and specialized funds do not make you un-American, nor will they land you in eternal hell. Going long in a fund that charges 2% a year in fees does not make you popular or smart. Be flexible. You are in a world of unlimited possibilities.
You are responsible. You do not really want someone responsible for you. No one cares more about your future than you.
In my MBA program, there was a guy in an entrepreneurship class who proposed the government provide us peons with more entitlements. Where was that guy the last ten years? The US is facing the downgrade of its credit rating. A third round of QE may be necessary. The world isn’t fantasy land. You shouldn’t buy things you can’t afford.
Tea Party supporters reading this are thinking of the coming election, where the bums are thrown out. Well I have news for you. I have learned the hard way that most politicians and their staffers are on their own side. Many progressives are not afraid of economic collapse. They seem to think they will come out strong after a real meltdown or collapse.
Too many people, even in the GOP, attack easy targets, like Howard Stern and other entertainers. They do not go far enough in resisting Obama, Napolitano, and our “dumb them down” educators. Too many republicans are way too dependent on government, and many are too mentally lazy to go to LI, read, or even contemplate strategy, read financial books, or do something besides farm and look at porn. There is still too much of a "you can't fight city hall attitude." Lib teachers and pastors agree.
Christians should not hang their heads. If the lib at church makes you feel that you should hang your head all the time, tune into something different. Stand up for yourself.
You need to be your own bailout. You must do things that “they” do not approve of. You need to ask yourself the tough questions. You need to approve of yourself and make an honest attempt at achieving your heart’s desires.
Pretend nothing is off limits. Explore your options. Do math. Attempt a business venture that sells what the marketplace demands. Listen to your customers and attempt to outperform your competition. Cut yourself off from the perhaps well intentioned people who say, “You can’t do that!” Read a lot. Look at things that your superiors say are not suitable for your class, demographic, or personality type.
Be bold!
You are responsible. You do not really want someone responsible for you. No one cares more about your future than you.
In my MBA program, there was a guy in an entrepreneurship class who proposed the government provide us peons with more entitlements. Where was that guy the last ten years? The US is facing the downgrade of its credit rating. A third round of QE may be necessary. The world isn’t fantasy land. You shouldn’t buy things you can’t afford.
Tea Party supporters reading this are thinking of the coming election, where the bums are thrown out. Well I have news for you. I have learned the hard way that most politicians and their staffers are on their own side. Many progressives are not afraid of economic collapse. They seem to think they will come out strong after a real meltdown or collapse.
Too many people, even in the GOP, attack easy targets, like Howard Stern and other entertainers. They do not go far enough in resisting Obama, Napolitano, and our “dumb them down” educators. Too many republicans are way too dependent on government, and many are too mentally lazy to go to LI, read, or even contemplate strategy, read financial books, or do something besides farm and look at porn. There is still too much of a "you can't fight city hall attitude." Lib teachers and pastors agree.
Christians should not hang their heads. If the lib at church makes you feel that you should hang your head all the time, tune into something different. Stand up for yourself.
You need to be your own bailout. You must do things that “they” do not approve of. You need to ask yourself the tough questions. You need to approve of yourself and make an honest attempt at achieving your heart’s desires.
Pretend nothing is off limits. Explore your options. Do math. Attempt a business venture that sells what the marketplace demands. Listen to your customers and attempt to outperform your competition. Cut yourself off from the perhaps well intentioned people who say, “You can’t do that!” Read a lot. Look at things that your superiors say are not suitable for your class, demographic, or personality type.
Be bold!
Saturday, June 25, 2011
More Bailouts?
MJ DeMarco said in The Fastlane to Millions,
"You are your own bailout."
I agree, thats the way to look at it.
Schools should teach this. The U.S. needs a government that believes this.
"You are your own bailout."
I agree, thats the way to look at it.
Schools should teach this. The U.S. needs a government that believes this.
Friday, June 24, 2011
How to Become a Millionaire by the age of 30
(This is a great article by Sean Adams. Kudos to him!)
In today's current economy, young people are struggling to find jobs, racking up insanely large amounts of debt from trying the traditional method of going to college, and just over all learning the hard way that what supposedly worked for their parents is not going to work for them. They may be aware that they need to do something different, but they are struggling to find people who know another way. Their parents and teachers are stuck in the old mindset and therefore cannot help. That is why this article exists, to help give young people the basic tools they need to create and thrive in a new economy.
Tip #1: Avoid the trap of going into debt
Far too many young people are sold the false bill of goods that going into debt to get a degree from an institution of higher education is the right path to take. As a former higher education administrator and faculty member I am here to tell you that this is a false bill of goods and should be avoided. You do not and should not go into debt to pursue a degree. There is nothing wrong with getting a degree, but you absolutely should not go into debt for it. That is the single biggest mistake you can make if you want to be a millionaire by the age of 30. Debt will just be a wait hold you back for a very long time. Avoid it in all cases at all costs.
Tip #2: Follow your passion
We are all born with interests and talents that we love and know we have a natural talent for. Things that make our heart sing when we are doing it. The problem we often face is that these passions are not always socially acceptable and the adults in our lives do not support our pursuit of these "dreams". Too bad for them, pursue your dreams and focus on your passion and the things you are good at. Becoming a millionaire takes time and effort, and the only way you will be willing to put in the needed time and energy is if you love what you are doing. This love comes from following our passion.
Tip #3: Stop focusing on trying to improve your weaknesses
It is my experience that all of organized education is designed to teach us that we are supposed to focus on improving at the things that we are not naturally skilled at. This is a waste of time and will only hold you back from your success. We were given natural talents and we should work on improving those natural talents instead of focusing on and wasting time on improving our weaknesses. There are plenty of people out there that are skilled at areas you are not, so outsource to them, pay then to do the things you do not like to do so you can spend more time focusing on and improving on those areas you love to do and are good at.
Tip #4: Manage your money well
One of the things that all millionaires have in common is that they know how to effectively manage their money. This means that they know how to invest money for the long term, how to focus on education, how to have fun, etc all while not going into debt. My personal suggestion is simple, divide all income you receive into different categories and only spend the money from these categories if you have enough. The simple way of dividing up your money is: 50% for necessities, 10% for long term savings for spending, 10% for your financial freedom( your golden nest egg), 10% for play to be used monthly to act like a millionaire and 10% for give. If you are smart and manage your money in this manner from the start you will be amazed at how quickly it can grow.
Tip #5: Use the power of the internet
Odds are that you have forgotten ore about computers that your parents have ever known. The internet is THE business opportunity that is making more millionaires than anything else right now. Real Estate is upside down, investing is volatile, but the internet had millions of new participants on a regular basis and billions of dollars a year are spent there. All you have to do is learn the right way to monetize the web and you will be successful. Just take the time to be focused and learn the right way and you will be able to use the power of the internet for your financial success.
Becoming a Millionaire by the age of 30 will take time, effort and passion, but it can be done. Focus on what you love, manage your money well and use the power of the internet for your success. This is not about madly pursuing get rich quick schemes, it is about building a lasting long term business or businesses based on your passion that will change your life. Be in service to others, give wisdom and be passionate and the money will follow.
Sean is an internet entrepreneur who specializes in helping people to identify their passion and find a way to turn that passion into a monetized website that makes sustainable passive income. To learn more about how to learn the basics check out http://www.MillionaireMindForFree.com/
Article Source: http://EzineArticles.com/?expert=Sean_M._Adams
Article Source: http://EzineArticles.com/6375893
In today's current economy, young people are struggling to find jobs, racking up insanely large amounts of debt from trying the traditional method of going to college, and just over all learning the hard way that what supposedly worked for their parents is not going to work for them. They may be aware that they need to do something different, but they are struggling to find people who know another way. Their parents and teachers are stuck in the old mindset and therefore cannot help. That is why this article exists, to help give young people the basic tools they need to create and thrive in a new economy.
Tip #1: Avoid the trap of going into debt
Far too many young people are sold the false bill of goods that going into debt to get a degree from an institution of higher education is the right path to take. As a former higher education administrator and faculty member I am here to tell you that this is a false bill of goods and should be avoided. You do not and should not go into debt to pursue a degree. There is nothing wrong with getting a degree, but you absolutely should not go into debt for it. That is the single biggest mistake you can make if you want to be a millionaire by the age of 30. Debt will just be a wait hold you back for a very long time. Avoid it in all cases at all costs.
Tip #2: Follow your passion
We are all born with interests and talents that we love and know we have a natural talent for. Things that make our heart sing when we are doing it. The problem we often face is that these passions are not always socially acceptable and the adults in our lives do not support our pursuit of these "dreams". Too bad for them, pursue your dreams and focus on your passion and the things you are good at. Becoming a millionaire takes time and effort, and the only way you will be willing to put in the needed time and energy is if you love what you are doing. This love comes from following our passion.
Tip #3: Stop focusing on trying to improve your weaknesses
It is my experience that all of organized education is designed to teach us that we are supposed to focus on improving at the things that we are not naturally skilled at. This is a waste of time and will only hold you back from your success. We were given natural talents and we should work on improving those natural talents instead of focusing on and wasting time on improving our weaknesses. There are plenty of people out there that are skilled at areas you are not, so outsource to them, pay then to do the things you do not like to do so you can spend more time focusing on and improving on those areas you love to do and are good at.
Tip #4: Manage your money well
One of the things that all millionaires have in common is that they know how to effectively manage their money. This means that they know how to invest money for the long term, how to focus on education, how to have fun, etc all while not going into debt. My personal suggestion is simple, divide all income you receive into different categories and only spend the money from these categories if you have enough. The simple way of dividing up your money is: 50% for necessities, 10% for long term savings for spending, 10% for your financial freedom( your golden nest egg), 10% for play to be used monthly to act like a millionaire and 10% for give. If you are smart and manage your money in this manner from the start you will be amazed at how quickly it can grow.
Tip #5: Use the power of the internet
Odds are that you have forgotten ore about computers that your parents have ever known. The internet is THE business opportunity that is making more millionaires than anything else right now. Real Estate is upside down, investing is volatile, but the internet had millions of new participants on a regular basis and billions of dollars a year are spent there. All you have to do is learn the right way to monetize the web and you will be successful. Just take the time to be focused and learn the right way and you will be able to use the power of the internet for your financial success.
Becoming a Millionaire by the age of 30 will take time, effort and passion, but it can be done. Focus on what you love, manage your money well and use the power of the internet for your success. This is not about madly pursuing get rich quick schemes, it is about building a lasting long term business or businesses based on your passion that will change your life. Be in service to others, give wisdom and be passionate and the money will follow.
Sean is an internet entrepreneur who specializes in helping people to identify their passion and find a way to turn that passion into a monetized website that makes sustainable passive income. To learn more about how to learn the basics check out http://www.MillionaireMindForFree.com/
Article Source: http://EzineArticles.com/?expert=Sean_M._Adams
Article Source: http://EzineArticles.com/6375893
Snap Out of Your Trance
Snap out of your trance. Maybe you should forget what your teachers, politicians, and gurus have been telling you. Life is not a dream. You should not be hypnotized. Imagination is good, but you have to make your imagination work for YOU.
So, snap out of it. Life is not chance, life is cause and effect. Start causing good things to happen to you. You do reap what you sow. Sow the seeds of financial independence. Don't show interest - show committment. If its to be, then its up to me!! Thats what you have to tell yourself.
Take control of your destiny.
You decide! Not the "they" Napoleon Hill warned us about.
Form a mastermind group (Master Mind) with people you know who agree.
So, snap out of it. Life is not chance, life is cause and effect. Start causing good things to happen to you. You do reap what you sow. Sow the seeds of financial independence. Don't show interest - show committment. If its to be, then its up to me!! Thats what you have to tell yourself.
Take control of your destiny.
You decide! Not the "they" Napoleon Hill warned us about.
Form a mastermind group (Master Mind) with people you know who agree.
Imagination - The Workshop of the Mind
Napoleon Hill called imagination the workshop of the mind.
It is important to see your imaginative powers as good. When we hit Jr. high or so, we start using our left brains more. We are scolded for daydreaming and imagining. So see your imagination as good and productive.
If you are going to create a product, you must first imagine it. Get in touch with your right brain. Exercise your right brain and spend some time brainstorming outside the box. Think of products you can create. How can you improve your creations or the creations of others?
Ask yourself if you are thinking big enough. Can you have a whole line of products? Is the price of the product high enough you can have decent profits? Can you sell a million of your product for at least $1 each? How will you reach people? Be prepared to market and sell your product, its not real easy.
It is important to see your imaginative powers as good. When we hit Jr. high or so, we start using our left brains more. We are scolded for daydreaming and imagining. So see your imagination as good and productive.
If you are going to create a product, you must first imagine it. Get in touch with your right brain. Exercise your right brain and spend some time brainstorming outside the box. Think of products you can create. How can you improve your creations or the creations of others?
Ask yourself if you are thinking big enough. Can you have a whole line of products? Is the price of the product high enough you can have decent profits? Can you sell a million of your product for at least $1 each? How will you reach people? Be prepared to market and sell your product, its not real easy.
Thursday, June 23, 2011
Some Random Ideas on How to Become a Billionaire
Many of the billionaires created wealth by consolidating their industry. For the rest of us, we can attempt to dominate niches and sub niches.
Look at new businesses in your niche and ask yourself what is new about this business? What is different about the product? What need does the product satisfy? What does the business you are observing do differently?
Building a list of customers (and other references, contacts, supporters, etc.) to sell to through your web site is essential. Some of your best customers and supporters may form a tribe or a cult for your business.
Entertainment is one budding entrepreneurs often over look. There are some billionaire entertainers and some that are able to live like rockstars (lol). If you can entertain, you could have a shot at a billion.
If you really want to be a billionaire, stay up and start researching keywords, your competitors, IM techniques, study the demographics (who are your customers?) and etc. Do some testing and see how well your pages and articles rank in search engines. If people contact you and ask buying questions, that is probably a good sign.
Even if you fail or decide not to launch your venture you have not wasted your time! The things you learn while doing your research, testing, and marketing is valuable sought after information. You can apply the same lessons over and over, usually.
In the early stages of your business, you want to shut out negative influences. Don't watch TV, listen to any negative people, and keep your idea under wraps until you are ready to launch.
Being in a Master Mind group is a great idea. With a Master Mind, you can get feedback, support, and advisers that hold you accountable.
If you are successful in your venture, or if you want to try another venture, keep researching.
Also, go to conferences and seminars and learn the how to's, ask questions, meet people, and see where your industry is going.
Look at new businesses in your niche and ask yourself what is new about this business? What is different about the product? What need does the product satisfy? What does the business you are observing do differently?
Building a list of customers (and other references, contacts, supporters, etc.) to sell to through your web site is essential. Some of your best customers and supporters may form a tribe or a cult for your business.
Entertainment is one budding entrepreneurs often over look. There are some billionaire entertainers and some that are able to live like rockstars (lol). If you can entertain, you could have a shot at a billion.
If you really want to be a billionaire, stay up and start researching keywords, your competitors, IM techniques, study the demographics (who are your customers?) and etc. Do some testing and see how well your pages and articles rank in search engines. If people contact you and ask buying questions, that is probably a good sign.
Even if you fail or decide not to launch your venture you have not wasted your time! The things you learn while doing your research, testing, and marketing is valuable sought after information. You can apply the same lessons over and over, usually.
In the early stages of your business, you want to shut out negative influences. Don't watch TV, listen to any negative people, and keep your idea under wraps until you are ready to launch.
Being in a Master Mind group is a great idea. With a Master Mind, you can get feedback, support, and advisers that hold you accountable.
If you are successful in your venture, or if you want to try another venture, keep researching.
Also, go to conferences and seminars and learn the how to's, ask questions, meet people, and see where your industry is going.
Friday, June 10, 2011
Affirmations for Mind Power
http://www.renegadeuniversity.net/Mind_Power_Affirmations.html
Take a look at the link above for some good affirmations. (I will add more later.)
For $20, I can record, mix and email an excellent customized subliminal for you.
Maybe I can get you going in the right direction to reach your ideal lifestyle.
I have been thinking about college, self help, business books, Tony Robbins, Tim Ferriss, life lessons, learning, and the like a lot lately. I thin you will like these affirmations.
Take a look at the link above for some good affirmations. (I will add more later.)
For $20, I can record, mix and email an excellent customized subliminal for you.
Maybe I can get you going in the right direction to reach your ideal lifestyle.
I have been thinking about college, self help, business books, Tony Robbins, Tim Ferriss, life lessons, learning, and the like a lot lately. I thin you will like these affirmations.
Sunday, June 5, 2011
Does the Truth really Hurt? It Shouldn't, Because You DO NOT Have to Retire Poor!
You do not have to retire poor. You do not have to retire when you are old.
You can (for the most part) cut yourself off from things and people that cause poverty, ill health, and negative emotions.
You have to forget what "they" say. Forget what your broke coworker says. Forget what the guy on TV says. Forget what the 40 year old High School Student Leader says.
When you get the time or feel inclined, come down to www.renegadeuniversity.net
You will find assistance in planning to retire early or to have the money to live the life YOU really want.
The info at the site above took years of the school of hard knocks to learn. The ideas there are tested and effective. But be forewarned, "they" will not approve.
You can (for the most part) cut yourself off from things and people that cause poverty, ill health, and negative emotions.
You have to forget what "they" say. Forget what your broke coworker says. Forget what the guy on TV says. Forget what the 40 year old High School Student Leader says.
When you get the time or feel inclined, come down to www.renegadeuniversity.net
You will find assistance in planning to retire early or to have the money to live the life YOU really want.
The info at the site above took years of the school of hard knocks to learn. The ideas there are tested and effective. But be forewarned, "they" will not approve.
How to Not Be a Sheeple
1) Don't let people waste your time.
2) Admit to yourself and maybe your Master Mind and trusted relatives what you really want.
Go after it. Do not ask permission or approval. Do not decide if "they" agree. Don't talk yourself out of a BHAG (Big Hairy Audacious Goal).
3) Don't be afraid to speak up for yourself.
4) Think for yourself.
5) Analyze every so often where your decisions and the people who influence your decisions have led you. Are you happy with it?
6) Follow your bliss. Follow your passions.
7) Let no one decide for you.
8) Be your own role model. Be a role model for others. Walk your talk. Do things worth writing about.
2) Admit to yourself and maybe your Master Mind and trusted relatives what you really want.
Go after it. Do not ask permission or approval. Do not decide if "they" agree. Don't talk yourself out of a BHAG (Big Hairy Audacious Goal).
3) Don't be afraid to speak up for yourself.
4) Think for yourself.
5) Analyze every so often where your decisions and the people who influence your decisions have led you. Are you happy with it?
6) Follow your bliss. Follow your passions.
7) Let no one decide for you.
8) Be your own role model. Be a role model for others. Walk your talk. Do things worth writing about.
Investment Ideas for Food and Water Shortage and Nanotechnology
Considering that food and water are in short supply in much of the world, it seems like food and water etf's may be a good investment. MOO could prove to be a good purchase, as could FIW, CGW, and PHO.
Nanotechnology investing is something I have been interested in for a long time. As I have typed here, IBM has the most nano patents. But Nikon is starting to catch up. IBM only lost 30% of the price of its stock in 2008. I think that company should stand the test of time.
( I am long IBM. I may add MOO and NKN in the next 2 weeks.)
Nanotechnology investing is something I have been interested in for a long time. As I have typed here, IBM has the most nano patents. But Nikon is starting to catch up. IBM only lost 30% of the price of its stock in 2008. I think that company should stand the test of time.
( I am long IBM. I may add MOO and NKN in the next 2 weeks.)
Sunday, May 15, 2011
The Real Business of the 21st Century
Considering sky high college tuition costs, high unemployment and underemployment, edutainment may be ready to take off. Edutainment = education + entertainment.
People are reading and looking at the web sites of Robert T Kiyosaki, You Tube, sites with free lectures and tutorials, the CBOE's web site and others. People buy books and dvds to be educated and entertained.
I predict the self help (self education) industry will really grow. There could be viable alternatives to traditional schools and colleges for some subjects in the near future. Edutainment and self help are excellent for entrepreneurs and investors who want to hone their skills. Schools don't really teach financial skills.
People are taking on $100,000 or more in student loans, and living with their parents in order to pay the debt. The debt could have been paid into a Roth IRA or funding a small business instead.
People are reading and looking at the web sites of Robert T Kiyosaki, You Tube, sites with free lectures and tutorials, the CBOE's web site and others. People buy books and dvds to be educated and entertained.
I predict the self help (self education) industry will really grow. There could be viable alternatives to traditional schools and colleges for some subjects in the near future. Edutainment and self help are excellent for entrepreneurs and investors who want to hone their skills. Schools don't really teach financial skills.
People are taking on $100,000 or more in student loans, and living with their parents in order to pay the debt. The debt could have been paid into a Roth IRA or funding a small business instead.
Get Your Master Mind Group Moving
If your Master Mind group is not functioning at the level you would like it to be, read on.
These days, you need to be a one man think tank to really succeed. Think about that for a second.
The news media is awash with pure 100% unadulterated bullshit about success, news, money, etc.
The sheeple obey. The guys who reach the Forbes 400 are different. They make the rules. They change the rules. They don't necessarily obey the talking heads.
How did they succeed? By questioning the assumptions of others and their own. They took risks. Calculated risks. They did math. They spend their time reading, learning skills, researching, talking to people, and figuring out their target customers.
They didn't worry about what some sophomoric ass said on TV. They followed their bliss.
So there you have it. Recruit "One Man Think Tanks" to your Master Mind and get to work.
More about this in the Black Book of the Master Mind part 2. Coming soon.
These days, you need to be a one man think tank to really succeed. Think about that for a second.
The news media is awash with pure 100% unadulterated bullshit about success, news, money, etc.
The sheeple obey. The guys who reach the Forbes 400 are different. They make the rules. They change the rules. They don't necessarily obey the talking heads.
How did they succeed? By questioning the assumptions of others and their own. They took risks. Calculated risks. They did math. They spend their time reading, learning skills, researching, talking to people, and figuring out their target customers.
They didn't worry about what some sophomoric ass said on TV. They followed their bliss.
So there you have it. Recruit "One Man Think Tanks" to your Master Mind and get to work.
More about this in the Black Book of the Master Mind part 2. Coming soon.
Friday, May 13, 2011
Continue Your Education - For Free
There are a lot of excellent web sites that offer free education for investors and entrepreneurs.
You can see videos that teach finance and statistics. You can learn to trade options. And more.
The page at my site below is really worth looking at if you want financial independence.
http://www.renegadeuniversity.net/Links.html
You can see videos that teach finance and statistics. You can learn to trade options. And more.
The page at my site below is really worth looking at if you want financial independence.
http://www.renegadeuniversity.net/Links.html
Financial Independence: Things Have Changed
In the old economy, you could work and invest in mutual funds for 40 years and have a great chance to be financially independent by age 60. Today, the situation is very different. In this article, I will attempt to explain why and what to do about it.
Technology is changing rapidly. Today's entrepreneurs and workers need more technical skills than ever. Technological change will continue rapidly. You can't learn everything, but determine what skills will help you the most. What skills do employers need in your area? What you need to do now is assess where your skills are and get the classes or books that will help you.
If you have the opportunity, consider learning about nanotechnology. Nanotechnology will likely be as devastating to traditional companies as the Internet.
Lots of people are in college these days. But are they really learning to program computers really well? Are they encouraged to start a business while they are in school? Is tuition going to really hurt them financially after they graduate? Are students really being made as competitive in the workplace as they should be?
In the old days, getting business loans or love money for your business was relatively easy. These days, more people are broke and loans are expensive. My suggestion is that you bootstrap your business and improve it as you make sales. If you cannot make any sales, then you don't really have a business.
Knowing the markets and how to invest will help a great deal in raising capital for a business or the account you intend to live off of until your untimely demise. So, spend some of your free time reading investing books, and newsletters. Following the market and a watch list will help you learn too. Being able to trade is important, because, buying and holding mutual funds for the last ten years did not result in major gains, like in the past.
Do the work necessary and learn to invest. Sure, some of the books are expensive and the market opens pretty early. But I urge you to do it. Having others invest for you means to pay considerable fees and you have no control.
What did Napoleon Hill say during the Great Depression? He said, "Don't worry about what THEY say." This statement is still very true. Pursue your dreams and leave the sheeple behind you. Have the masses or the talking heads leaded you to wealth? Probably not, so shut them out and busy yourself with the pursuit of financial independence.
If you are interested, proceed to my site, http://www.renegadeuniversity.net and read more. Don't waste time or make huge mistakes in your finances, visit http://www.renegadeuniversity.net.
Thank you,
David K Drews
Article Source: http://EzineArticles.com/?expert=David_Drews
Article Source: http://EzineArticles.com/6264597
Technology is changing rapidly. Today's entrepreneurs and workers need more technical skills than ever. Technological change will continue rapidly. You can't learn everything, but determine what skills will help you the most. What skills do employers need in your area? What you need to do now is assess where your skills are and get the classes or books that will help you.
If you have the opportunity, consider learning about nanotechnology. Nanotechnology will likely be as devastating to traditional companies as the Internet.
Lots of people are in college these days. But are they really learning to program computers really well? Are they encouraged to start a business while they are in school? Is tuition going to really hurt them financially after they graduate? Are students really being made as competitive in the workplace as they should be?
In the old days, getting business loans or love money for your business was relatively easy. These days, more people are broke and loans are expensive. My suggestion is that you bootstrap your business and improve it as you make sales. If you cannot make any sales, then you don't really have a business.
Knowing the markets and how to invest will help a great deal in raising capital for a business or the account you intend to live off of until your untimely demise. So, spend some of your free time reading investing books, and newsletters. Following the market and a watch list will help you learn too. Being able to trade is important, because, buying and holding mutual funds for the last ten years did not result in major gains, like in the past.
Do the work necessary and learn to invest. Sure, some of the books are expensive and the market opens pretty early. But I urge you to do it. Having others invest for you means to pay considerable fees and you have no control.
What did Napoleon Hill say during the Great Depression? He said, "Don't worry about what THEY say." This statement is still very true. Pursue your dreams and leave the sheeple behind you. Have the masses or the talking heads leaded you to wealth? Probably not, so shut them out and busy yourself with the pursuit of financial independence.
If you are interested, proceed to my site, http://www.renegadeuniversity.net and read more. Don't waste time or make huge mistakes in your finances, visit http://www.renegadeuniversity.net.
Thank you,
David K Drews
Article Source: http://EzineArticles.com/?expert=David_Drews
Article Source: http://EzineArticles.com/6264597
Saturday, May 7, 2011
Don't Worry About what "They" Say...
...worry about what Napoleon Hill says.
Use your differences. Be different from the sheeple. Connect with like-minded people.
Plan your future. Plan in as much detail as possible, every major part of your life, including health goals.
Know you are good. Know your phony friends and the toxic "they" are just that, toxic.
Instead, feel good about yourself. Know you are worthy of your goals.
Feed your body and mind the best diet possible, every day.
Check in with your Master Mind group from time to time.
Use your differences. Be different from the sheeple. Connect with like-minded people.
Plan your future. Plan in as much detail as possible, every major part of your life, including health goals.
Know you are good. Know your phony friends and the toxic "they" are just that, toxic.
Instead, feel good about yourself. Know you are worthy of your goals.
Feed your body and mind the best diet possible, every day.
Check in with your Master Mind group from time to time.
Tuesday, May 3, 2011
Mastermind Your Internet Business
Many people involved in internet marketing are looking for innovative ways to get things done. However, not all are able to make their mark in the arena of the internet marketing because many individuals do not get the right guidance and education or they fall for the get rich fast schemes.
No matter if you want to earn money on the internet or if you have other goals, you can accomplish more with the help of mastermind groups, either in a face to face setting or in a group which meets on-line.
Mastermind groups are trusted groups through which you can share ideas, troubleshoot obstacles and brainstorm. They act to strengthen your sphere of influence, keeping you and your group motivated, and energized.
How do mastermind groups function?
Most masterminds takes place through telephone, online messages or personal meetings. The one-on-one meetings generally take place at least once in a month however some people will meet once a quarter. The nature of these groups requires your commitment to help others, as well as help yourself.
Master mind groups are small think-tanks for people to share their experiences and methods in business and ways to earn more money on the Internet. As the Internet keeps on changing g on a daily basis, it is important to keep pace with it. The only way to become an expert in this ever changing environment is to practice and learn daily. Mastermind groups help you to stay on top of the education and the methods being used. There are many groups ready to help you, the key lies in selecting the best one. Here are some tips that will help you do that:
Look for a mastermind-training group whose goals meet your goals.
Check the mastermind forum group is providing innovative Internet business marketing techniques, such as, social media, press releases, video marketing, social bookmarking, hub pages, keyword research list building and other relevant topics.
Benefits of joining a mastermind group
A mastermind group is a good source of quick and valuable information that help grow your online business.
By joining a mastermind group, you will be able to gain experience, develop techniques that are business strategic and will be able to gain tremendous confidence needed to survive in the field of Internet Marketing.
Your business will begin to take shape, increase in volume and the success will spread to your personal life.
Mastermind groups are for people who are genuine about their education and want to take their business to the next level.
ABOUT DAN STOJADINOVIC: Dan is an immigrant from Serbia who arrived to the United States with only $400 in his pocket. He now teaches thousands of Entrepreneurs around the country the secrets of Internet Marketing and Joint Ventures. Dan's blog can be found at: http://www.DanStojadinovic.Com
Article Source: http://EzineArticles.com/?expert=Dan_Stojadinovic
Article Source: http://EzineArticles.com/4036542
No matter if you want to earn money on the internet or if you have other goals, you can accomplish more with the help of mastermind groups, either in a face to face setting or in a group which meets on-line.
Mastermind groups are trusted groups through which you can share ideas, troubleshoot obstacles and brainstorm. They act to strengthen your sphere of influence, keeping you and your group motivated, and energized.
How do mastermind groups function?
Most masterminds takes place through telephone, online messages or personal meetings. The one-on-one meetings generally take place at least once in a month however some people will meet once a quarter. The nature of these groups requires your commitment to help others, as well as help yourself.
Master mind groups are small think-tanks for people to share their experiences and methods in business and ways to earn more money on the Internet. As the Internet keeps on changing g on a daily basis, it is important to keep pace with it. The only way to become an expert in this ever changing environment is to practice and learn daily. Mastermind groups help you to stay on top of the education and the methods being used. There are many groups ready to help you, the key lies in selecting the best one. Here are some tips that will help you do that:
Look for a mastermind-training group whose goals meet your goals.
Check the mastermind forum group is providing innovative Internet business marketing techniques, such as, social media, press releases, video marketing, social bookmarking, hub pages, keyword research list building and other relevant topics.
Benefits of joining a mastermind group
A mastermind group is a good source of quick and valuable information that help grow your online business.
By joining a mastermind group, you will be able to gain experience, develop techniques that are business strategic and will be able to gain tremendous confidence needed to survive in the field of Internet Marketing.
Your business will begin to take shape, increase in volume and the success will spread to your personal life.
Mastermind groups are for people who are genuine about their education and want to take their business to the next level.
ABOUT DAN STOJADINOVIC: Dan is an immigrant from Serbia who arrived to the United States with only $400 in his pocket. He now teaches thousands of Entrepreneurs around the country the secrets of Internet Marketing and Joint Ventures. Dan's blog can be found at: http://www.DanStojadinovic.Com
Article Source: http://EzineArticles.com/?expert=Dan_Stojadinovic
Article Source: http://EzineArticles.com/4036542
The Power of Creating a Mastermind Group
Who has not heard of Napoleon Hill? And indeed, who has not heard of his classic Think and Grow Rich? The book, published in 1937, contains great ideas that have made their impact upon the whole world all through these years and are relevant even today. Masterminding is two or more individuals coming together to accomplish more than either could alone. The thought is working together creates harmony and purposeful relationships. This group helps to bring out your creative genius and expand your ideas into greatness.
The secret sauce is that each one knows that the ultimate aim is to reach your destination by brainstorming, supporting ideas that need support but at the same time offering constructive criticism. Each member should remember that it is the group to which the agenda belongs. All members are expected to participate in order to move the group to new heights. A sincere mastermind group offers experience to members. Your ability to grow and become a better individual in your personal and business life is highly likely. This is assuming that like minded people are coming together. The greatest asset that you have is a ready-made support network. Other benefits include: confidence builder, accountability partners, and feedback.
Who can create a successful mastermind group?
People who see themselves as:
interacting with people of similar interests and skills.
committed to a give and take relationship.
laser focused and goal oriented
passionate about taking their success to the next level
committed to the cause to help and be helped.
Your mastermind group does not have to be formal. Many of you are probably part of a powerful group but have not officially formed or titled your group. Examples: military groups, book clubs, mom or dad groups, other support groups. All of these groups can be formed into more powerful alliances at any given time. Initially, the ideal number of members should not be more than 6. New members can be admitted, provided they meet the quality standards that should be in place. It is recommended that new members have the approval of all the existing members. A membership fee can be imposed.
Questions to ask potential members of your mastermind group:
Are you committed to your own goals?
Are you willing to commit to helping others reach their goals?
Will you commit to weekly, bi-weekly or monthly meetings?
What skills have you developed that will benefit the group?
What skills can the group provide to you to assist in your endeavors?
Ways to meet:
Mastermind groups can meet in person, on the telephone, or by tele-conferencing. During the meeting, each member should update the group on what has happened since the last meeting, including new opportunities or obstacles. Have members ask for resources if needed at this time.
Great resource to create your own Mastermind Group:
http://www.thesuccessalliance.com/
Till next time...Live on Purpose and Make it Happen
Connect with me here - http://tammymcclureonline.com
Article Source: http://EzineArticles.com/?expert=Tammy_McClure
Article Source: http://EzineArticles.com/6195160
The secret sauce is that each one knows that the ultimate aim is to reach your destination by brainstorming, supporting ideas that need support but at the same time offering constructive criticism. Each member should remember that it is the group to which the agenda belongs. All members are expected to participate in order to move the group to new heights. A sincere mastermind group offers experience to members. Your ability to grow and become a better individual in your personal and business life is highly likely. This is assuming that like minded people are coming together. The greatest asset that you have is a ready-made support network. Other benefits include: confidence builder, accountability partners, and feedback.
Who can create a successful mastermind group?
People who see themselves as:
interacting with people of similar interests and skills.
committed to a give and take relationship.
laser focused and goal oriented
passionate about taking their success to the next level
committed to the cause to help and be helped.
Your mastermind group does not have to be formal. Many of you are probably part of a powerful group but have not officially formed or titled your group. Examples: military groups, book clubs, mom or dad groups, other support groups. All of these groups can be formed into more powerful alliances at any given time. Initially, the ideal number of members should not be more than 6. New members can be admitted, provided they meet the quality standards that should be in place. It is recommended that new members have the approval of all the existing members. A membership fee can be imposed.
Questions to ask potential members of your mastermind group:
Are you committed to your own goals?
Are you willing to commit to helping others reach their goals?
Will you commit to weekly, bi-weekly or monthly meetings?
What skills have you developed that will benefit the group?
What skills can the group provide to you to assist in your endeavors?
Ways to meet:
Mastermind groups can meet in person, on the telephone, or by tele-conferencing. During the meeting, each member should update the group on what has happened since the last meeting, including new opportunities or obstacles. Have members ask for resources if needed at this time.
Great resource to create your own Mastermind Group:
http://www.thesuccessalliance.com/
Till next time...Live on Purpose and Make it Happen
Connect with me here - http://tammymcclureonline.com
Article Source: http://EzineArticles.com/?expert=Tammy_McClure
Article Source: http://EzineArticles.com/6195160
23 Common Characteristics of Successful People
I have dedicated the last few years of my life to study some of the most successful entrepreneurs in history to gain an understanding of what it is that makes them different from ordinary people. Discovering how they have ability to easily create wealth and financial freedom, whilst so many others struggle.
Through research I have found many of these entrepreneurs implement their own unique traits within business.However, there are also a number of common characteristics that are shared by every successful entrepreneur.
I was surprised to discover these common traits due to realising there is nothing they possess that is beyond the reach of anyone who is prepared to learn, develop and put new skills into practice.
5 Common Misguided Beliefs about Successful People
There are some misguided beliefs and superstitions about successful people that I would like you to think about....
Successful people are Lucky- I will reveal why luck has absolutely nothing to do with becoming successful.
They are well educated - Of course there are many entrepreneurs who are very well educated but it is not the reason for their success.
Successful people are chosen OR there is a divine force behind their success- This is not true and in this report you will discover why and how anyone including yourself can experience the same success.
Success is Genetic- Having successful parents can make a difference, however, not for the reasons you may think. Success is not genetic or inherited; if your parents are successful this doesn't necessarily mean you will be too. In the same way there are many successful people whose parents were broke.
Successful people are bad, they must have done something illegal or unethical to become rich, they trick people into giving them money- People who do business like this very rarely sustain long term success.
They are Greedy- This is quite the contrary; successful people are actually very giving, that's why they are so successful.
They were given a huge amount of money to get started with - Many entrepreneurs start from nothing, some may even have debt.
If you have ever met someone who is successful, you may have noticed that there is nothing extraordinary about that person. For some unknown reason everything seems to just go right for them, opportunities seem to frequently arise and success seems effortless.
The reality is all human beings are genetically engineered for success, but there is a fundamental flaw most people develop. It is for that reason why the majority of the world's population will never experience success.
What is this flaw?
Well the truth, it is all in our minds - the only difference between successful people and unsuccessful people is the way in which they think.
Ordinary people still have the same desires as entrepreneurs, but cannot find a way to control the way they think. Consequently, their thinking takes control of them and their desires are overshadowed.
The beliefs we have are a direct result of our environment. We are influenced by the people in our lives. As we listen and learn from those around us we naturally start to acquire the same beliefs as them, hence our behaviours mirroring them too. Ordinary people tend to put themselves down and lack confidence in their own ability. Due to messages being reinforced throughout their childhood that train them to doubt, have fear, feel anxiety, and accept limitations, thus influencing their self belief
So, if we have been taught to believe that there are limits to what we are able to achieve, then we become blind to opportunities.
We do not notice this behaviour as its all sub-conscious; we go through a conditioning process as we get older and are influenced by different people and situations in our lives and start to develop habits. These habits become quite strong within us, but they do not determine who we are. We can very easily learn how to break these patterns and install new beliefs.
Successful people have a profoundly different approach to life. Their attitude is created from a framework of powerful beliefs and empowering thoughts. It's these powerful beliefs that make wealthy people different.
So what is it that makes successful entrepreneurs so successful? In this report I will be revealing 23 common characteristics of successful entrepreneurs and how you can model their behaviour to rapidly improve your business and create your own success story.
23 Common Characteristic's of an Entrepreneur
#1 - Entrepreneur's take responsible for their own destiny
Successful people do not blame other people or their circumstance for their current situation. They believe it is their responsibility to achieve what they desire. They do not wait for it to fall into their lap or rely on other people to make it happen for them. A lot of people sit and wait for their fortune to find them, hoping that they will win the lottery or a long lost relative will leave them a massive inheritance. Sadly the odds of this happening are very low.
#2 - Entrepreneur's conquer their fears
Facing your fear is a very important step on the path to success. Fear is the most common reason why people do not take the required action they need to take to achieve their goals. Don't let fear hold you back.
#3 - Entrepreneur's overcome any obstacles
"Obstacles are those frightful things you see when you take your eyes off your goals"- Sydney Smith
Having an obstacle is the same as having a problem that needs a solution. A successful person will see this as a challenge and look to find a solution to the problem in order to overcome the obstacle. Unsuccessful people will use the obstacle as an excuse as to why they haven't achieved anything.
#4 - Entrepreneur's know that there is unlimited opportunity
Unsuccessful people seem to complain about lack... lack of money and lack of opportunities. Successful people know that there is an abundance of money out there, and opportunities are constantly moving towards them. Unless we have the right state of mind we just ignore them because we can't see how they relate to us.
#5 - Entrepreneur's go against conventional wisdom
Successful people do not live by conventional wisdom; they know that if they follow the same system as the average person, they will produce the same results as the average person. If you go against the masses and follow the minority of people who are successful, you will achieve successful results.
#6 - Entrepreneur's understand how to leverage
Leverage is a very important concept that all successful entrepreneurs understand. What it actually means is that you can an create an income without trading your time for money, leveraging the skills of other people or technology to work for you so it frees up your time to create multiple streams of income.
#7 - Entrepreneur's do NOT need the approval of others to succeed
If you are always looking for others' approval in what you're doing then you will not get very far, and you will certainly not be self-empowered. Successful people follow their instincts EVEN when others are sceptical or do not agree with what they are doing.
#8 - Entrepreneur's are not scared of failure
Successful entrepreneurs do not fear failure because they know there is nothing wrong with failing. Most successful people fail their way to success, and this is because they learn from their mistakes and try again until they succeed. You can only fail if you give up.
#9 - Entrepreneur's do not fear Criticism
Criticism is not to be feared. Entrepreneurs use criticism that is of value, as feedback, to help them improve. If the criticism is not deserved, or is just someone trying to push their own limited belief onto them, then they will not value it, this way it cannot alter their confidence and motivation.
#10 - Entrepreneur's seek to find solutions
"You can have everything in life you want, if you will just help other people get what they want". - Zig Ziglar.
Entrepreneursare problem solvers. Whilst people complain about their problems, successful people seek to find solutions that will help them or can help others. When this is applied to business it is very powerful.
#11 - Entrepreneur's understand the concept of modelling
Entrepreneurs look to other people who have attained similar success that they desire. They then study these people until they discover how they achieved their success, so they are able to replicate what they do to achieve parallel results.
#12 - Entrepreneur's develop highly effective habits
By starting to believe you will become successful, you will develop behaviours that are alike to that of a successful person. Entrepreneurs are consistent in their behaviour and know that by consistently thinking and acting in a certain way they can develop useful habits. Therefore re conditioning their mind so that they act a certain way unconsciously - without even having to think about it.
#13 - Entrepreneur's take action
Entrepreneurs do not need permission to take action. Once you start to move towards an objective, the whole world will react to your movement, opening up new opportunities. If you don't ever start, nothing will ever happen, as everything around you will stay the same and that will suppress opportunity.
#14 - Entrepreneur's ability to focus
Another great commonality that entrepreneurs share is focus. Many successful people have the ability to block out everything else and focus on their goal. Some people call it tunnel vision or putting the blinkers on. If you want to achieve a certain goal you must not get distracted and lose focus on implementing your strategy, you need consistent action in order to progress.
#15 - Entrepreneur's have vision
If you visualize something enough it will soon become a belief, and having a strong sense of belief in something is the most powerful way of making a vision become a reality. This is because you start to notice every opportunity that is presented to you, this enables you to take action on it, to ensure your vision becomes your reality.
#16 - Entrepreneur's set goals
Entrepreneurs know the importance of goal setting. Something as simple as writing down your objective will dramatically improve your chance of achieving it. Have a defined goal, you need to be clear and specific on what you are going to achieve before you start working towards them. It's no good saying "I want to be rich", instead: write down exactly how much you want to earn per year, and then formulate a step by step plan that will enable you to achieve it.
#17 - Entrepreneur's are persistent
Persistence, Persistence, Persistence! This is a common attribute of an entrepreneur. Depending on whose history books you read... Thomas Edison had over 10,000 attempts at creating the working light bulb? Meaning he knew over 10,000 ways not to invent a light bulb before he found just one way. He is now revered by many as the greatest inventor of all time. Edison is a classic example of someone who (your missing a word here?)their way to success, many entrepreneurs are successful because they have persistence.
#18 - Entrepreneur's never stop learning
It is universally recognised by successful people that continually learning is a massive attribute to their success. Taking time and spending money on your own learning and personal development is the most valuable investment you can make, as it can never be taken away from you, you will always have it.
#19 - Entrepreneur's do not sell
Successful people do not have a problem with selling; this is because they look at selling very differently to everyone else. They see it as providing a solution to someone to help them solve a problem. People do not buy products or services; they buy solutions from people they trust, you don't need to sell anything- If you find a market that needs a solution and can gain their trust, they will buy the solutions you provide.
#20 - Entrepreneur's plan for success
Entrepreneurs plan for success, everything they do has a purpose of helping them progress towards their goals. They are specific about what they want to achieve and create a strategy that will enable them to get there. Sometimes they take action without a plan, and compile a strategy along the way, but every step is calculated and thought out.
#21 - Entrepreneur's Spend money on assets rather than liabilities
Entrepreneurs are investors; they invest their time and money in things that will help them achieve success. It does not mean to say they do not indulge in things that will cost money that they will not get back, like cars, holidays and TV'S. But a large proportion of the money they spend is invested into things that will help them earn more money.
#22- Entrepreneur's Do not have boundaries
Boundaries do not apply to entrepreneurs; they know that the only limits that exist are in their own minds. Napoleon Hill once said; "whatever the mind can conceive and believe, you can achieve". Too many people limit themselves to what they believe they can achieve. An entrepreneur knows that the world is full of infinite opportunity, and there is no such thing as impossible.
#23 - Entrepreneur's Surround themselves with successful people
The say that if you look at the five people you spend most of your time with; your level of wealth will probably be average of the five. Entrepreneurs surround themselves with like minded people, who they can learn from.
Billy Ryan is a Business and Marketing Consultant who helps entrepreneurs leverage power of the internet to automate their business and generate more sales.
Billy is a founding member of an elite community of entrepreneurs who use the internet to create rapid growth in their businesses. Discover how you could accelerate your business success by visiting the website below.
http://www.Billy-Ryan.com
Article Source: http://EzineArticles.com/?expert=Billy_Ryan
Article Source: http://EzineArticles.com/6178829
Through research I have found many of these entrepreneurs implement their own unique traits within business.However, there are also a number of common characteristics that are shared by every successful entrepreneur.
I was surprised to discover these common traits due to realising there is nothing they possess that is beyond the reach of anyone who is prepared to learn, develop and put new skills into practice.
5 Common Misguided Beliefs about Successful People
There are some misguided beliefs and superstitions about successful people that I would like you to think about....
Successful people are Lucky- I will reveal why luck has absolutely nothing to do with becoming successful.
They are well educated - Of course there are many entrepreneurs who are very well educated but it is not the reason for their success.
Successful people are chosen OR there is a divine force behind their success- This is not true and in this report you will discover why and how anyone including yourself can experience the same success.
Success is Genetic- Having successful parents can make a difference, however, not for the reasons you may think. Success is not genetic or inherited; if your parents are successful this doesn't necessarily mean you will be too. In the same way there are many successful people whose parents were broke.
Successful people are bad, they must have done something illegal or unethical to become rich, they trick people into giving them money- People who do business like this very rarely sustain long term success.
They are Greedy- This is quite the contrary; successful people are actually very giving, that's why they are so successful.
They were given a huge amount of money to get started with - Many entrepreneurs start from nothing, some may even have debt.
If you have ever met someone who is successful, you may have noticed that there is nothing extraordinary about that person. For some unknown reason everything seems to just go right for them, opportunities seem to frequently arise and success seems effortless.
The reality is all human beings are genetically engineered for success, but there is a fundamental flaw most people develop. It is for that reason why the majority of the world's population will never experience success.
What is this flaw?
Well the truth, it is all in our minds - the only difference between successful people and unsuccessful people is the way in which they think.
Ordinary people still have the same desires as entrepreneurs, but cannot find a way to control the way they think. Consequently, their thinking takes control of them and their desires are overshadowed.
The beliefs we have are a direct result of our environment. We are influenced by the people in our lives. As we listen and learn from those around us we naturally start to acquire the same beliefs as them, hence our behaviours mirroring them too. Ordinary people tend to put themselves down and lack confidence in their own ability. Due to messages being reinforced throughout their childhood that train them to doubt, have fear, feel anxiety, and accept limitations, thus influencing their self belief
So, if we have been taught to believe that there are limits to what we are able to achieve, then we become blind to opportunities.
We do not notice this behaviour as its all sub-conscious; we go through a conditioning process as we get older and are influenced by different people and situations in our lives and start to develop habits. These habits become quite strong within us, but they do not determine who we are. We can very easily learn how to break these patterns and install new beliefs.
Successful people have a profoundly different approach to life. Their attitude is created from a framework of powerful beliefs and empowering thoughts. It's these powerful beliefs that make wealthy people different.
So what is it that makes successful entrepreneurs so successful? In this report I will be revealing 23 common characteristics of successful entrepreneurs and how you can model their behaviour to rapidly improve your business and create your own success story.
23 Common Characteristic's of an Entrepreneur
#1 - Entrepreneur's take responsible for their own destiny
Successful people do not blame other people or their circumstance for their current situation. They believe it is their responsibility to achieve what they desire. They do not wait for it to fall into their lap or rely on other people to make it happen for them. A lot of people sit and wait for their fortune to find them, hoping that they will win the lottery or a long lost relative will leave them a massive inheritance. Sadly the odds of this happening are very low.
#2 - Entrepreneur's conquer their fears
Facing your fear is a very important step on the path to success. Fear is the most common reason why people do not take the required action they need to take to achieve their goals. Don't let fear hold you back.
#3 - Entrepreneur's overcome any obstacles
"Obstacles are those frightful things you see when you take your eyes off your goals"- Sydney Smith
Having an obstacle is the same as having a problem that needs a solution. A successful person will see this as a challenge and look to find a solution to the problem in order to overcome the obstacle. Unsuccessful people will use the obstacle as an excuse as to why they haven't achieved anything.
#4 - Entrepreneur's know that there is unlimited opportunity
Unsuccessful people seem to complain about lack... lack of money and lack of opportunities. Successful people know that there is an abundance of money out there, and opportunities are constantly moving towards them. Unless we have the right state of mind we just ignore them because we can't see how they relate to us.
#5 - Entrepreneur's go against conventional wisdom
Successful people do not live by conventional wisdom; they know that if they follow the same system as the average person, they will produce the same results as the average person. If you go against the masses and follow the minority of people who are successful, you will achieve successful results.
#6 - Entrepreneur's understand how to leverage
Leverage is a very important concept that all successful entrepreneurs understand. What it actually means is that you can an create an income without trading your time for money, leveraging the skills of other people or technology to work for you so it frees up your time to create multiple streams of income.
#7 - Entrepreneur's do NOT need the approval of others to succeed
If you are always looking for others' approval in what you're doing then you will not get very far, and you will certainly not be self-empowered. Successful people follow their instincts EVEN when others are sceptical or do not agree with what they are doing.
#8 - Entrepreneur's are not scared of failure
Successful entrepreneurs do not fear failure because they know there is nothing wrong with failing. Most successful people fail their way to success, and this is because they learn from their mistakes and try again until they succeed. You can only fail if you give up.
#9 - Entrepreneur's do not fear Criticism
Criticism is not to be feared. Entrepreneurs use criticism that is of value, as feedback, to help them improve. If the criticism is not deserved, or is just someone trying to push their own limited belief onto them, then they will not value it, this way it cannot alter their confidence and motivation.
#10 - Entrepreneur's seek to find solutions
"You can have everything in life you want, if you will just help other people get what they want". - Zig Ziglar.
Entrepreneursare problem solvers. Whilst people complain about their problems, successful people seek to find solutions that will help them or can help others. When this is applied to business it is very powerful.
#11 - Entrepreneur's understand the concept of modelling
Entrepreneurs look to other people who have attained similar success that they desire. They then study these people until they discover how they achieved their success, so they are able to replicate what they do to achieve parallel results.
#12 - Entrepreneur's develop highly effective habits
By starting to believe you will become successful, you will develop behaviours that are alike to that of a successful person. Entrepreneurs are consistent in their behaviour and know that by consistently thinking and acting in a certain way they can develop useful habits. Therefore re conditioning their mind so that they act a certain way unconsciously - without even having to think about it.
#13 - Entrepreneur's take action
Entrepreneurs do not need permission to take action. Once you start to move towards an objective, the whole world will react to your movement, opening up new opportunities. If you don't ever start, nothing will ever happen, as everything around you will stay the same and that will suppress opportunity.
#14 - Entrepreneur's ability to focus
Another great commonality that entrepreneurs share is focus. Many successful people have the ability to block out everything else and focus on their goal. Some people call it tunnel vision or putting the blinkers on. If you want to achieve a certain goal you must not get distracted and lose focus on implementing your strategy, you need consistent action in order to progress.
#15 - Entrepreneur's have vision
If you visualize something enough it will soon become a belief, and having a strong sense of belief in something is the most powerful way of making a vision become a reality. This is because you start to notice every opportunity that is presented to you, this enables you to take action on it, to ensure your vision becomes your reality.
#16 - Entrepreneur's set goals
Entrepreneurs know the importance of goal setting. Something as simple as writing down your objective will dramatically improve your chance of achieving it. Have a defined goal, you need to be clear and specific on what you are going to achieve before you start working towards them. It's no good saying "I want to be rich", instead: write down exactly how much you want to earn per year, and then formulate a step by step plan that will enable you to achieve it.
#17 - Entrepreneur's are persistent
Persistence, Persistence, Persistence! This is a common attribute of an entrepreneur. Depending on whose history books you read... Thomas Edison had over 10,000 attempts at creating the working light bulb? Meaning he knew over 10,000 ways not to invent a light bulb before he found just one way. He is now revered by many as the greatest inventor of all time. Edison is a classic example of someone who (your missing a word here?)their way to success, many entrepreneurs are successful because they have persistence.
#18 - Entrepreneur's never stop learning
It is universally recognised by successful people that continually learning is a massive attribute to their success. Taking time and spending money on your own learning and personal development is the most valuable investment you can make, as it can never be taken away from you, you will always have it.
#19 - Entrepreneur's do not sell
Successful people do not have a problem with selling; this is because they look at selling very differently to everyone else. They see it as providing a solution to someone to help them solve a problem. People do not buy products or services; they buy solutions from people they trust, you don't need to sell anything- If you find a market that needs a solution and can gain their trust, they will buy the solutions you provide.
#20 - Entrepreneur's plan for success
Entrepreneurs plan for success, everything they do has a purpose of helping them progress towards their goals. They are specific about what they want to achieve and create a strategy that will enable them to get there. Sometimes they take action without a plan, and compile a strategy along the way, but every step is calculated and thought out.
#21 - Entrepreneur's Spend money on assets rather than liabilities
Entrepreneurs are investors; they invest their time and money in things that will help them achieve success. It does not mean to say they do not indulge in things that will cost money that they will not get back, like cars, holidays and TV'S. But a large proportion of the money they spend is invested into things that will help them earn more money.
#22- Entrepreneur's Do not have boundaries
Boundaries do not apply to entrepreneurs; they know that the only limits that exist are in their own minds. Napoleon Hill once said; "whatever the mind can conceive and believe, you can achieve". Too many people limit themselves to what they believe they can achieve. An entrepreneur knows that the world is full of infinite opportunity, and there is no such thing as impossible.
#23 - Entrepreneur's Surround themselves with successful people
The say that if you look at the five people you spend most of your time with; your level of wealth will probably be average of the five. Entrepreneurs surround themselves with like minded people, who they can learn from.
Billy Ryan is a Business and Marketing Consultant who helps entrepreneurs leverage power of the internet to automate their business and generate more sales.
Billy is a founding member of an elite community of entrepreneurs who use the internet to create rapid growth in their businesses. Discover how you could accelerate your business success by visiting the website below.
http://www.Billy-Ryan.com
Article Source: http://EzineArticles.com/?expert=Billy_Ryan
Article Source: http://EzineArticles.com/6178829
Thursday, April 7, 2011
Quotable Warren Buffett
"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours, and you'll drift in that direction."
-- Warren Buffett
-- Warren Buffett
Saturday, April 2, 2011
The Law of Effection
"The more lives you affect in an entity you control in scale and/or magnitude, the richer you become."
-- MJ DeMarco
****
From "The Millionaire Fastlane." Featured at right.
-- MJ DeMarco
****
From "The Millionaire Fastlane." Featured at right.
Saturday, March 19, 2011
Five Keys to Sustainable Success
Sustainable success starts with a vision. Read on to find out how these 5 simple steps can help you to make your dream a reality.
When you first set out to be a success you need to have some ideas about what that's going to look like when you get there. Imagine a military mission without a clear understanding of success and what you wind up with is a futile and dangerous exercise. In our 5P Planning Model, we call that "Commander's Intent." It's the vision of what the desired outcome should be.
Almost everyone has daydreams about what they "want to do" some day, and all too often that's where the exercise ends-as a daydream. Even if you are just dreaming about your own, personal future, you need to have a vision of what you want to accomplish. Once you have that, you need a plan to get there.
The reality is that very few people ever stop to think about how they are going to get from point A to point B. They fail to identify where they are now, and worse, have no plan in place to get to the point of success that they daydream about. That of course is a huge problem. You need to develop the foundation you're going to work from to achieve your success, you need a clear understanding of where you're going, and then you need a plan to get there. Otherwise, you're going to find yourself wandering aimlessly around the battlefields of business.
Between my years as a Marine officer and the owner of several successful businesses I've adapted some basic concepts of military planning to business operations. Based on these concepts, here are 5 keys to success that will help you to establish a solid foundation upon which to base ongoing business operations.
1. The Why - For whom, or for what, do you want to be successful? In other words, what is the purpose of your mission. Taking a hill for the purpose of taking a hill is pointless. And striving to occupy a corner office should be about a lot more than working in a corner. There's no fulfillment in that. Be honest with yourself here. If you dream of success, understand the reasons behind your dream, and then work to make them real. In my case I have a few core "whys." I made myself a success so I could support my family. I also focus on helping others excel in their chosen professions and in raising money for charity.
2. The Courage - Fear isn't a sign of failure, nor is it a sign of weakness. In fact, going into combat without at least some sense of fear is idiocy. You need to respect what you're facing. But being paralyzed by fear is something else entirely. And the tool you need to stare down your fear if courage. Developing courage allows you to do whatever it takes in order to achieve your goals and successfully complete your missions. In business, just like in combat, it takes courage to move forward-and win. The more you learn to proceed-especially when you're afraid-the more successful you're going to be in business and in your life.
3. The Knowledge - In the both the military and in business, knowledge is truly power. Whether it's an understanding of what the enemy is doing at a given time, or the skills necessary to fire your weapon, knowledge is the key. The same principles apply to business. The more you know about how your business works, and the more skills you acquire, the more successful you are likely to be. And the more you understand about your products and services, how they are received in the marketplace, what your competition is up to-the list goes on-again, the more success you'll experience. I see it this way: learning is a lifelong process - nothing bad ever comes from knowing more.
4. The Will - Your will is your fuel-it's what powers your courage. Will is nothing more than the determination to win, a trait that has been drilled into every Marine since the Corps was formed in 1775. I also believe that will represents discipline-the ability to see a task through to completion regardless of what it takes to complete it. In other words your will-your discipline-to do things that you might not necessarily enjoy but that are part of accomplishing your mission and achieving your goals is a critical and essential aspect of your success. A strong will enables you to do whatever it takes, to go the extra mile, to put forth the 110% effort necessary to win.
5. The Priorities - Prioritizing keeps you firmly focused on your "why." Knowing what's most important and focusing primarily on those critical elements is also an essential aspect of achieving success. You're going to run into a lot of potential distractions on your road to success. Pick your battles wisely, and win those you choose to fight. Evaluate each opportunity carefully to make sure it fits well with your overall goals. I also believe that setting priorities isn't a casual pursuit. Spend the necessary time to evaluate all that is in front of you before you set off on any given mission.
Article Source: http://EzineArticles.com/?expert=Mike_Ognek
When you first set out to be a success you need to have some ideas about what that's going to look like when you get there. Imagine a military mission without a clear understanding of success and what you wind up with is a futile and dangerous exercise. In our 5P Planning Model, we call that "Commander's Intent." It's the vision of what the desired outcome should be.
Almost everyone has daydreams about what they "want to do" some day, and all too often that's where the exercise ends-as a daydream. Even if you are just dreaming about your own, personal future, you need to have a vision of what you want to accomplish. Once you have that, you need a plan to get there.
The reality is that very few people ever stop to think about how they are going to get from point A to point B. They fail to identify where they are now, and worse, have no plan in place to get to the point of success that they daydream about. That of course is a huge problem. You need to develop the foundation you're going to work from to achieve your success, you need a clear understanding of where you're going, and then you need a plan to get there. Otherwise, you're going to find yourself wandering aimlessly around the battlefields of business.
Between my years as a Marine officer and the owner of several successful businesses I've adapted some basic concepts of military planning to business operations. Based on these concepts, here are 5 keys to success that will help you to establish a solid foundation upon which to base ongoing business operations.
1. The Why - For whom, or for what, do you want to be successful? In other words, what is the purpose of your mission. Taking a hill for the purpose of taking a hill is pointless. And striving to occupy a corner office should be about a lot more than working in a corner. There's no fulfillment in that. Be honest with yourself here. If you dream of success, understand the reasons behind your dream, and then work to make them real. In my case I have a few core "whys." I made myself a success so I could support my family. I also focus on helping others excel in their chosen professions and in raising money for charity.
2. The Courage - Fear isn't a sign of failure, nor is it a sign of weakness. In fact, going into combat without at least some sense of fear is idiocy. You need to respect what you're facing. But being paralyzed by fear is something else entirely. And the tool you need to stare down your fear if courage. Developing courage allows you to do whatever it takes in order to achieve your goals and successfully complete your missions. In business, just like in combat, it takes courage to move forward-and win. The more you learn to proceed-especially when you're afraid-the more successful you're going to be in business and in your life.
3. The Knowledge - In the both the military and in business, knowledge is truly power. Whether it's an understanding of what the enemy is doing at a given time, or the skills necessary to fire your weapon, knowledge is the key. The same principles apply to business. The more you know about how your business works, and the more skills you acquire, the more successful you are likely to be. And the more you understand about your products and services, how they are received in the marketplace, what your competition is up to-the list goes on-again, the more success you'll experience. I see it this way: learning is a lifelong process - nothing bad ever comes from knowing more.
4. The Will - Your will is your fuel-it's what powers your courage. Will is nothing more than the determination to win, a trait that has been drilled into every Marine since the Corps was formed in 1775. I also believe that will represents discipline-the ability to see a task through to completion regardless of what it takes to complete it. In other words your will-your discipline-to do things that you might not necessarily enjoy but that are part of accomplishing your mission and achieving your goals is a critical and essential aspect of your success. A strong will enables you to do whatever it takes, to go the extra mile, to put forth the 110% effort necessary to win.
5. The Priorities - Prioritizing keeps you firmly focused on your "why." Knowing what's most important and focusing primarily on those critical elements is also an essential aspect of achieving success. You're going to run into a lot of potential distractions on your road to success. Pick your battles wisely, and win those you choose to fight. Evaluate each opportunity carefully to make sure it fits well with your overall goals. I also believe that setting priorities isn't a casual pursuit. Spend the necessary time to evaluate all that is in front of you before you set off on any given mission.
Article Source: http://EzineArticles.com/?expert=Mike_Ognek
3 Quotes About Money That Will Change Your Life
"All riches have their origin in mind. Wealth is in ideas - not money." - Robert Collier
Robert Collier is a self-help book author from the 20th century. He wrote a lot about success and how it's strongly correlated to ideas. People like Steve Jobs or Bill Gates are not rich because of an inheritance but because they had a vision. Lawrence Page and Sergey Brin came up with an idea to rank page betters and made billions thanks to that single idea.
Maybe you don't have A Ph.D. in computer science like the founders of Google or Steve Wozniak but you still have ideas with massive value. Think about Twitter. The idea is very simple. However, the company now worth billions.
To become rich you just need one original idea.
"Many folks think they aren't good at earning money, when what they don't know is how to use it." Frank Howard Clark
I have a friend earning 4000-5000 dollars a month. Not the best paid job in the world, but more than enough to live comfortably, at least in her town. However, she always has money problem and she's often complaining about it. That's because she doesn't even know the meaning of saving. She has an iPod, an iPad, computers. I don't blame here for loving technology but when I think she should have priorities. Saving money is more important than having the last smart phone. If she had invested half of the money she spent on gadget, she could be a millionaire by now.
To become rich learn how to use money. Read books and articles about personal finance. It doesn't matter how much money you have right now. A lot of lottery winners are broke after a couple years. They bought a 3 million dollar mansion and then failed to pay the yearly expenses. In the other hand, people who are making 5000 dollars a month become millionaire after a few years because they know how to invest and use their money.
"A man with money is no match against a man on a mission". Doyle Brunson
Doyle Brunson is one of the most famous poker players in the world. His skills allowed him to make millions of dollars on the tables. He also has an online poker room called Doyle's room. His biography is very interesting. He comes from a little town in Texas called Fisher County. With a lot of will, he managed to become one of the best college basketball player in the country. Unfortunately, a serious injury prevented him from realising his dream to play in the NBA. But, even after such a disappointing event, he knew he was a "man on a mission". He knew that being laser focus was far more important than being born rich. That's the reason why he decided to become a poker player. He knew that was really difficult at them time because gambling was prohibited in most states. But he also knew that he had enough skill to have massive success. That's exactly what he did. After enough winning sessions, he finally settled to Las Vegas and became a poker legend.
What's important in Doyle Brunson's story is that poker is a lot like life. People with enough passion will always find a way to earn money. So what counts is not the amount money you have right now but rather your will.
Hello, my name is Mike. If you have money problems you need to know about debt relief scams and debt relief definition. http://www.debt-relief-scams.net/debtreliefscamsdefintion.html
Article Source: http://EzineArticles.com/?expert=Mickael_Fozzo
*******
This is the best wealth building article I've seen on ezinearticles in a long time.
Robert Collier is a self-help book author from the 20th century. He wrote a lot about success and how it's strongly correlated to ideas. People like Steve Jobs or Bill Gates are not rich because of an inheritance but because they had a vision. Lawrence Page and Sergey Brin came up with an idea to rank page betters and made billions thanks to that single idea.
Maybe you don't have A Ph.D. in computer science like the founders of Google or Steve Wozniak but you still have ideas with massive value. Think about Twitter. The idea is very simple. However, the company now worth billions.
To become rich you just need one original idea.
"Many folks think they aren't good at earning money, when what they don't know is how to use it." Frank Howard Clark
I have a friend earning 4000-5000 dollars a month. Not the best paid job in the world, but more than enough to live comfortably, at least in her town. However, she always has money problem and she's often complaining about it. That's because she doesn't even know the meaning of saving. She has an iPod, an iPad, computers. I don't blame here for loving technology but when I think she should have priorities. Saving money is more important than having the last smart phone. If she had invested half of the money she spent on gadget, she could be a millionaire by now.
To become rich learn how to use money. Read books and articles about personal finance. It doesn't matter how much money you have right now. A lot of lottery winners are broke after a couple years. They bought a 3 million dollar mansion and then failed to pay the yearly expenses. In the other hand, people who are making 5000 dollars a month become millionaire after a few years because they know how to invest and use their money.
"A man with money is no match against a man on a mission". Doyle Brunson
Doyle Brunson is one of the most famous poker players in the world. His skills allowed him to make millions of dollars on the tables. He also has an online poker room called Doyle's room. His biography is very interesting. He comes from a little town in Texas called Fisher County. With a lot of will, he managed to become one of the best college basketball player in the country. Unfortunately, a serious injury prevented him from realising his dream to play in the NBA. But, even after such a disappointing event, he knew he was a "man on a mission". He knew that being laser focus was far more important than being born rich. That's the reason why he decided to become a poker player. He knew that was really difficult at them time because gambling was prohibited in most states. But he also knew that he had enough skill to have massive success. That's exactly what he did. After enough winning sessions, he finally settled to Las Vegas and became a poker legend.
What's important in Doyle Brunson's story is that poker is a lot like life. People with enough passion will always find a way to earn money. So what counts is not the amount money you have right now but rather your will.
Hello, my name is Mike. If you have money problems you need to know about debt relief scams and debt relief definition. http://www.debt-relief-scams.net/debtreliefscamsdefintion.html
Article Source: http://EzineArticles.com/?expert=Mickael_Fozzo
*******
This is the best wealth building article I've seen on ezinearticles in a long time.
Tuesday, March 1, 2011
Getting Started Towards Financial Independence Is Tough...
...but I make it a little easier.
You could be in a negative environment where it seems people don't really want you to succeed.
You friends and family could hate your ideas. You need to find a supportive network of friends.
What you need to do is spend some time at http://www.renegadeuniversity.net/ and then start building a master mind group.
The attitude to have about your master mind group is that you bring something to the table.
Find new ideas and discuss what works among your master mind.
Check out the book at your right, The Black Book of the Master Mind. That book will help you and your master mind a lot.
You could be in a negative environment where it seems people don't really want you to succeed.
You friends and family could hate your ideas. You need to find a supportive network of friends.
What you need to do is spend some time at http://www.renegadeuniversity.net/ and then start building a master mind group.
The attitude to have about your master mind group is that you bring something to the table.
Find new ideas and discuss what works among your master mind.
Check out the book at your right, The Black Book of the Master Mind. That book will help you and your master mind a lot.
Friday, February 25, 2011
The Mind Control Manual - By Dantalion Jones
I have read about half of Dantalion Jones' new book, The Mind Control Manual.
The Manual is broken into three sections. The first is a few pages describing different meditations. I found these meditations to be useful.
One technique I loved, was to ask yourself an empowering question. Like, "why is my life so awesome?"
The second section is on self esteem. Much of this chapter made me think of things I was taught in school and in youth group.
I left off at chapter 3 - Charisma. Charisma is a great topic and an obvious topic for people who want to start or recruit for a cult.
The Manual is broken into three sections. The first is a few pages describing different meditations. I found these meditations to be useful.
One technique I loved, was to ask yourself an empowering question. Like, "why is my life so awesome?"
The second section is on self esteem. Much of this chapter made me think of things I was taught in school and in youth group.
I left off at chapter 3 - Charisma. Charisma is a great topic and an obvious topic for people who want to start or recruit for a cult.
Beat the Money Game and Retire Early - Part 2
Gen X and Y could (and should) mobilize and ask Congress for:
- Lowered capital gains tax.
- Cuts in frivolous spending by colleges & universities (to reduce tuition).
- Further cuts to the payroll tax.
- Reform of regulations for mutual funds (I.e. number of stocks in the fund, use of options, etc.)
- Reduction in taxes for the 401K and 403B. A significant cut would encourage people to retire, resulting in job openings.
- Enforce existing fraud laws and repeal Sarbannes Oxley.
What are your ideas for "working the system" and retiring early?
- Lowered capital gains tax.
- Cuts in frivolous spending by colleges & universities (to reduce tuition).
- Further cuts to the payroll tax.
- Reform of regulations for mutual funds (I.e. number of stocks in the fund, use of options, etc.)
- Reduction in taxes for the 401K and 403B. A significant cut would encourage people to retire, resulting in job openings.
- Enforce existing fraud laws and repeal Sarbannes Oxley.
What are your ideas for "working the system" and retiring early?
Friday, January 28, 2011
Reasons to Become Financially Independent
Have you ever noticed that frequently fellow employees will want to turn your company into a concentration camp? I think things will get worse before they get better when it comes to concentration camps.
What reasons drive you to escape the rat race? Remind yourself of your specific reasons to escape the rat race. Your real reasons to become financially independence drive you. What are they?
What reasons drive you to escape the rat race? Remind yourself of your specific reasons to escape the rat race. Your real reasons to become financially independence drive you. What are they?
Friday, January 21, 2011
Escape the Rat Race: Tips for Joining the Power Elite
Living from paycheck to paycheck. Running the children to school, getting to work, taking the children to practice, picking them up, getting dinner, going home, catch up on work from the office, go to bed, and then wake up the next morning to do it all over again. It's called the rat race by some, living hell by others, but many people find common ground when they say that they want out.
Reasons for the rat race
It doesn't really matter why things are the way they are to those who don't really want to change the way things are. People who are content to run the rat race day-in and day-out might be satisfied to complain or use cute sayings like "another day, another dollar," or - better yet - "another day, another doughnut." For many, however, that just isn't acceptable. The rat race is like history: those who do not know it, understand it, and learn from it are doomed to repeat it.
Supply and demand
A universal law exists that suggests that people demand things that are of insufficient supply. For example, no one would want gold if it was as plenteous as ordinary dirt because it would be like dirt to us. It would be worthless to us and we would not be special for having it. Gold is rare, however, meaning that people want it to enrich themselves and show themselves ant the world that they are special.
Inevitably, things that are in short supply come at a higher cost. An ounce of gold costs more than $1,000 for an ounce, but twenty pounds of dirt can sell for $5 or less. Imagine if there were as many 84" high definition television sets as there are aluminum cans. If this were the case, the TVs would cost about five cents and no one would feel special if they had one.
The excess demand for things that are in short supply makes prices high which in turn makes those things hard to get. There just isn't enough of everything good for everyone to have everything they want. That's why there is a rat race.
Human nature
Supply and demand is a direct result of human nature. People want good things. They want better things than they now have, and they tend to want them now. The problem is that a supply of a key ingredient of life is also in short supply: money.
The time/money continuum
Whoever made up the saying, "Time is money," was incredibly wise and succinct. To get more things, people need more money. To get more money, people need more time. Because of this we find workaholics who practically work around the clock trying to make more and more money. Of course the problem with that type of person is that they do not have the time they need to enjoy their money and the things they can get with it.
The Power Elite
The rat race gets even more complicated because of the existence of a group of people in the country and in the world called the Power Elite. These are a small group of people who have the enviable position of having more money than they know what to do with and can therefore enjoy life without any of the burdens associated with the rat race.
Unfortunately, the existence of the Power Elite makes the rat race more difficult and more commonplace for everyone else. This is because of supply and demand.
A small piece of the pie
The Power Elite are the 10% of American families that control more than 68% of American wealth. This means that 90% of American families are fighting each other for less than one-third of American resources. This means that - by the time those who can have all that they want actually get all that they want; there is only a tiny piece of the pie left for everyone else.
Getting out of the rat race
Politicians (who are almost all part of the Power Elite class) enjoy pitting the "rich" against the "poor" in order to build their power and to distract people from understanding one thing: the Power Elite do not want everyone to be as wealthy as they are and they will not yield their wealth or their power to anyone that is not in their class. This is why no matter how much politicians claim to raise taxes on the rich; the number of rich people never decreases and the rat race becomes more intense for most people.
This is because of supply and demand: if everyone had as much money and power as the Power Elite class has, than there would be nothing special about the Power Elite and they would neither have power nor be elite!
The answer is not to look to the government to "equalize" things because the Power Elite control the government and the "Power Elite" always look out for themselves first.
Although everyone cannot become part of the Power Elite class in either America or in the world, you can, but it's going to take a lot of hard work, a lot of cutting against the grain of society, and a lot of planning. If it were easy, everyone would be doing it.
A few tips to get started
The transformation from being a person chasing after the crumbs left behind by the Power Elite to enjoying the life of abundance that the Power Elite have is not simple, easy or fast, so it's important to get started now with some simple tips:
1. Understand your predicament. Assess your debt, your income. Consider your skills and your talents. Think about how much your employer is gaining from your work and find ways to become your own boss. Put your income in your hands, under your control, not under the control of someone else.
2. Make goals. The reason why many people do not accomplish anything is because they never aim for anything. You might be busy. You might be tired. The rat race may have gotten the best of you, but things will never change until you set some goals and make some plans for achieving them.
3. Stop spending so much. As you plan ways to increase your income, find ways to cut costs too. Remember: you are not the government. You must be responsible for and careful with everything you have.
4. Save money, become flexible. By building up some wealth of your own, you can minimize the impact emergencies have on your life. You also reduce the control other people have over what you do, putting control back in your life. As long as you depend on someone else for your livelihood, you will be in the rat race. Turn the tables, become the boss, and see how good life can be!
Get out of your comfort zone today. Escape the rat race through goal setting and planning. You will be surprised at how great life can be!
Bruce Tyson writes about financial planning and other topics at the TIW Blog.
http://word.truthintheword.org/
Article Source: http://EzineArticles.com/?expert=Bruce_Tyson
Reasons for the rat race
It doesn't really matter why things are the way they are to those who don't really want to change the way things are. People who are content to run the rat race day-in and day-out might be satisfied to complain or use cute sayings like "another day, another dollar," or - better yet - "another day, another doughnut." For many, however, that just isn't acceptable. The rat race is like history: those who do not know it, understand it, and learn from it are doomed to repeat it.
Supply and demand
A universal law exists that suggests that people demand things that are of insufficient supply. For example, no one would want gold if it was as plenteous as ordinary dirt because it would be like dirt to us. It would be worthless to us and we would not be special for having it. Gold is rare, however, meaning that people want it to enrich themselves and show themselves ant the world that they are special.
Inevitably, things that are in short supply come at a higher cost. An ounce of gold costs more than $1,000 for an ounce, but twenty pounds of dirt can sell for $5 or less. Imagine if there were as many 84" high definition television sets as there are aluminum cans. If this were the case, the TVs would cost about five cents and no one would feel special if they had one.
The excess demand for things that are in short supply makes prices high which in turn makes those things hard to get. There just isn't enough of everything good for everyone to have everything they want. That's why there is a rat race.
Human nature
Supply and demand is a direct result of human nature. People want good things. They want better things than they now have, and they tend to want them now. The problem is that a supply of a key ingredient of life is also in short supply: money.
The time/money continuum
Whoever made up the saying, "Time is money," was incredibly wise and succinct. To get more things, people need more money. To get more money, people need more time. Because of this we find workaholics who practically work around the clock trying to make more and more money. Of course the problem with that type of person is that they do not have the time they need to enjoy their money and the things they can get with it.
The Power Elite
The rat race gets even more complicated because of the existence of a group of people in the country and in the world called the Power Elite. These are a small group of people who have the enviable position of having more money than they know what to do with and can therefore enjoy life without any of the burdens associated with the rat race.
Unfortunately, the existence of the Power Elite makes the rat race more difficult and more commonplace for everyone else. This is because of supply and demand.
A small piece of the pie
The Power Elite are the 10% of American families that control more than 68% of American wealth. This means that 90% of American families are fighting each other for less than one-third of American resources. This means that - by the time those who can have all that they want actually get all that they want; there is only a tiny piece of the pie left for everyone else.
Getting out of the rat race
Politicians (who are almost all part of the Power Elite class) enjoy pitting the "rich" against the "poor" in order to build their power and to distract people from understanding one thing: the Power Elite do not want everyone to be as wealthy as they are and they will not yield their wealth or their power to anyone that is not in their class. This is why no matter how much politicians claim to raise taxes on the rich; the number of rich people never decreases and the rat race becomes more intense for most people.
This is because of supply and demand: if everyone had as much money and power as the Power Elite class has, than there would be nothing special about the Power Elite and they would neither have power nor be elite!
The answer is not to look to the government to "equalize" things because the Power Elite control the government and the "Power Elite" always look out for themselves first.
Although everyone cannot become part of the Power Elite class in either America or in the world, you can, but it's going to take a lot of hard work, a lot of cutting against the grain of society, and a lot of planning. If it were easy, everyone would be doing it.
A few tips to get started
The transformation from being a person chasing after the crumbs left behind by the Power Elite to enjoying the life of abundance that the Power Elite have is not simple, easy or fast, so it's important to get started now with some simple tips:
1. Understand your predicament. Assess your debt, your income. Consider your skills and your talents. Think about how much your employer is gaining from your work and find ways to become your own boss. Put your income in your hands, under your control, not under the control of someone else.
2. Make goals. The reason why many people do not accomplish anything is because they never aim for anything. You might be busy. You might be tired. The rat race may have gotten the best of you, but things will never change until you set some goals and make some plans for achieving them.
3. Stop spending so much. As you plan ways to increase your income, find ways to cut costs too. Remember: you are not the government. You must be responsible for and careful with everything you have.
4. Save money, become flexible. By building up some wealth of your own, you can minimize the impact emergencies have on your life. You also reduce the control other people have over what you do, putting control back in your life. As long as you depend on someone else for your livelihood, you will be in the rat race. Turn the tables, become the boss, and see how good life can be!
Get out of your comfort zone today. Escape the rat race through goal setting and planning. You will be surprised at how great life can be!
Bruce Tyson writes about financial planning and other topics at the TIW Blog.
http://word.truthintheword.org/
Article Source: http://EzineArticles.com/?expert=Bruce_Tyson
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