Bad times are absolutely the best times to make money. While the world heads into a possible recession and everyone is saying to play it safe, save whatever you have, spend less, eat less and lots of other "advice", the smarter people know that the bad times are absolute golden times to start spending more instead! I'll give you 3 reasons why in this article.
1. When times are bad, everything is cheaper. In fact, when times are very bad, things are rock bottom cheap. Take advantage of this and start investing! There is a difference between trading and investing. When you trade, you're hoping to get quick gains over a short period of time - the problem with that is you can also make quick losses over a short period of time. Investing, however, is knowing the best times to spend and the best times to spend some more.
2. History has shown us that during recessions, more millionaires and billionaires emerge because they assessed the situation and made a decision to take advantage of it. It all just follows the basic concepts of supply and demand. When times are bad, the supply is as usual but the demand is very low, so prices will fall.
3. However, history has also showed us that fear is the one thing that stops us from making the decisions that we know can ultimately benefit us. We always want to "make sure" and be certain. There's nothing wrong with that but taking too long to think about it will only lead to analysis paralysis - and by the time we realize that we want to take action and do something, the opportunity has already slipped past.
There's a saying that "Opportunity only knocks once", I'd like to say that opportunity is always knocking, question is whether you are open to it.
Discover the secrets and strategies to a successful home business which you can use to create a new income source for yourself at http://MoreMoneyToSpend.com/Blog
Article Source: http://EzineArticles.com/?expert=Asher_Aw
Showing posts with label millionaire. Show all posts
Showing posts with label millionaire. Show all posts
Friday, October 10, 2008
Sunday, August 3, 2008
Become a Millionaire
If you want to be a millionaire, the first thing you should do is cut your expenses. Cut unnecessary spending as much as possible. Consider this Dave Ramsey quote:
"...the average car payment is $378 over 55 months. Most people get a car payment and keep it throughout their lives. As soon as a car is paid off, they get another payment because they 'need' a new car. If you keep a $378 car payment throughout your life, which is 'normal,' you miss the opportunity to save that money. If you invested $378 per month from age 25 to age 65, a normal working lifetime, in the average mutual fund averaging 12 percent (the 70-year stock market average), you would have $4,447,084.01 at age 65. Hope you like the car!"
I think that covers the problem of overspending.
If you want more wealth quicker, consider going back to school or training for a better job. Consider a business degree or a real estate program. There are a lot of career options. Apply to local state and community colleges first. Most public colleges offer online courses.
If you save a reasonable amount of money, you can hire an excellent stockbroker and/or start your own real estate holdings corp. Ask your broker about small cap stocks for aggressive growth, and ask about companies that do a lot of research in disruptive technology. If you win big, you could well become a millionaire.
Form a mastermind alliance. If your mastermind functions in a spirit of unity and harmony, the potential of your success soars. Borrow ideas that work from your mastermind. Your mastermind alliance members will be your guides in uncharted territory.
If you live below your means, expand your means, and invest the difference, you have found the key to becoming a millionaire.
David K Drews runs http://www.independentwealth.us - a site that offers help in planning your escape from the rat race. The best info and products for your financial journey are available at http://www.independentwealth.us
Article Source: http://EzineArticles.com/?expert=David_Drews
"...the average car payment is $378 over 55 months. Most people get a car payment and keep it throughout their lives. As soon as a car is paid off, they get another payment because they 'need' a new car. If you keep a $378 car payment throughout your life, which is 'normal,' you miss the opportunity to save that money. If you invested $378 per month from age 25 to age 65, a normal working lifetime, in the average mutual fund averaging 12 percent (the 70-year stock market average), you would have $4,447,084.01 at age 65. Hope you like the car!"
I think that covers the problem of overspending.
If you want more wealth quicker, consider going back to school or training for a better job. Consider a business degree or a real estate program. There are a lot of career options. Apply to local state and community colleges first. Most public colleges offer online courses.
If you save a reasonable amount of money, you can hire an excellent stockbroker and/or start your own real estate holdings corp. Ask your broker about small cap stocks for aggressive growth, and ask about companies that do a lot of research in disruptive technology. If you win big, you could well become a millionaire.
Form a mastermind alliance. If your mastermind functions in a spirit of unity and harmony, the potential of your success soars. Borrow ideas that work from your mastermind. Your mastermind alliance members will be your guides in uncharted territory.
If you live below your means, expand your means, and invest the difference, you have found the key to becoming a millionaire.
David K Drews runs http://www.independentwealth.us - a site that offers help in planning your escape from the rat race. The best info and products for your financial journey are available at http://www.independentwealth.us
Article Source: http://EzineArticles.com/?expert=David_Drews
Friday, July 18, 2008
Resilient Mindset
Developing a resilient mindset of a millionaire by re-wiring your subconscious for wealth creation we will need to answer a few simple questions about financial pressure. When I refer to financial pressure I'm not necessarily talking about being broke and struggling. You can be wealthy and still have financial pressure. There is no right or wrong answers, only answers applicable to you.
1. When was the last time you felt financial pressure?
2. Do you currently feel financial pressure in your life?
3. Does having more money really create less financial pressure?
4. When have you felt completely free from financial pressure?
For some people being completely free from financial pressure might have been as far back as when they were at school. It could have been when they would get pocket money and had to determine whether to buy a Mars bar or put it in their piggy bank and for others, it may have been never.
Apart from happiness, what is it you think that people really want in their life? A resilient mindset, more often than not people are looking for a financial future they are certain about. You want the certainty to be able to manage money, have plenty of it and never have to worry about not having enough of it. Anyone would want that. Another word for that is security.
I believe that people really want to be certain that in the future they will not have to experience pain that instead they will have the financial freedom to do whatever they want, whenever they want, as much as they want using their a resilient mindset.
I know the quest for financial security drove me, because I had so much pain in my life and I never wanted to experience that again. So I was driven to become financially successful to avoid that pain. Pain drove me in the beginning more than pleasure. Pain is what drives people the most. If you've made a decision to start changing your life, or changing your financial future, eventually it will lead to more pleasure, but more than likely it's pain that drove you to your initial decision to change. Subconsciously you were probably thinking, "If I don't learn how to master money now, what will it cost me in the future?"
Author: Greg Dempsey - Investor/Marketer Title: Resilient Mindset
http://www.opulentwealth.com.au/
Reprinting this article is allowed with this footer attached
Article Source: http://EzineArticles.com/?expert=Greg_Dempsey
1. When was the last time you felt financial pressure?
2. Do you currently feel financial pressure in your life?
3. Does having more money really create less financial pressure?
4. When have you felt completely free from financial pressure?
For some people being completely free from financial pressure might have been as far back as when they were at school. It could have been when they would get pocket money and had to determine whether to buy a Mars bar or put it in their piggy bank and for others, it may have been never.
Apart from happiness, what is it you think that people really want in their life? A resilient mindset, more often than not people are looking for a financial future they are certain about. You want the certainty to be able to manage money, have plenty of it and never have to worry about not having enough of it. Anyone would want that. Another word for that is security.
I believe that people really want to be certain that in the future they will not have to experience pain that instead they will have the financial freedom to do whatever they want, whenever they want, as much as they want using their a resilient mindset.
I know the quest for financial security drove me, because I had so much pain in my life and I never wanted to experience that again. So I was driven to become financially successful to avoid that pain. Pain drove me in the beginning more than pleasure. Pain is what drives people the most. If you've made a decision to start changing your life, or changing your financial future, eventually it will lead to more pleasure, but more than likely it's pain that drove you to your initial decision to change. Subconsciously you were probably thinking, "If I don't learn how to master money now, what will it cost me in the future?"
Author: Greg Dempsey - Investor/Marketer Title: Resilient Mindset
http://www.opulentwealth.com.au/
Reprinting this article is allowed with this footer attached
Article Source: http://EzineArticles.com/?expert=Greg_Dempsey
Thursday, June 5, 2008
How I Became Wealthy
I got asked again today.
"Tony, how did you become wealthy?"
There's probably a lot of answers to that question but the answer I gave (and nearly always do) is simply this:
To become wealthy, you have to think like a wealthy person.
Every week, I talk to dozens of people who dream of becoming wealthy. They're tired of working more hours for less money. They're tired of never seeing their spouse and kids. They're tired of spending their vacation time visiting relatives and letting their kids play with their cousins.
And so they've called me to talk about becoming wealthy. And it's very easy for me to see which ones are going to actually succeed and which ones will continue to struggle.
I simply watch how they think.
For example, if someone is struggling to pay their bills and that is their REASON for why they're starting a business, that person will find a way to be successful. They're motivated. They're focused on a solution. They realize that -- if things are going to change -- it has to start with them. And they're committed to be successful.
On the other hand, if a person says "Oh, I can't get started in business, I'm too broke".....that person is already defeated. Because they are choosing to let their circumstances dictate what they can do. They will continue to use that situation as an excuse for why they can't be more successful. Which means that they are creating their own self-fulfilling prophecy.
I can usually call these people back in 6 months and they're no better off than they were when they first contacted me.
What's the difference?
It's how people THINK. This is what Napoleon Hill meant when he titled his book, "Think and Grow Rich".
Wealthy people think differently than broke people. They don't ask "can I?" They ask "how can I?"
One of my favorite authors, Ayn Rand, once said, "What do you mean who's going to let me? You mean, who is going to stop me!"
Back when Jessica and I chose to start our business, we were broke. We were living in a very small cinder-block house. We had no heat. I was earning less than $1,000 a month. We were a couple of months late on our rent. Our car broke down frequently.
But we believed things could be better. We believed there was a way we could become wealthy and start living the life we deserved.
When it came to finding the money to start our business, we could have easily said, "I don't have the money." But, what would have changed? It's not like either of us had a rich uncle who was suddenly going to remember us on his deathbed. Or that our fairy godmother was going to show up and hand us lots of money just because we wished for it.
No, we did what a lot of people do: we scraped and borrowed and did whatever we had to do. We sold things we owned. Jessica took a part-time job on a short-term basis. I did odd-jobs for a friend of mine.
And when we made the decision that we were not going to let fear or other obstacles stand in our way, things started coming together in a way that we could have never planned or predicted.
So, if the question is, "How do you become wealthy?" the answer is simply, "Start thinking like a wealthy person".
Would a billionaire every say, "No, I can't do that."? No. they say, "That's what I'm going to do" and they go find a way.
There are two kinds of people in the world: stoppable and unstoppable.
Which are you?
Tony Rush is one of the real characters of personal development and is the co-author of the book, "It's Time....". He spends part of his free time showing others how to follow the same system he used to go from "broke" to millionaire lifestyle in less than one year. He lives in Alabama with his wife Jessica, three sons and a dachsund named Bentley who doesn't know he's a dog. For more information on Tony Rush visit http://www.tonyrush.com
Article Source: http://EzineArticles.com/?expert=Tony_Rush
"Tony, how did you become wealthy?"
There's probably a lot of answers to that question but the answer I gave (and nearly always do) is simply this:
To become wealthy, you have to think like a wealthy person.
Every week, I talk to dozens of people who dream of becoming wealthy. They're tired of working more hours for less money. They're tired of never seeing their spouse and kids. They're tired of spending their vacation time visiting relatives and letting their kids play with their cousins.
And so they've called me to talk about becoming wealthy. And it's very easy for me to see which ones are going to actually succeed and which ones will continue to struggle.
I simply watch how they think.
For example, if someone is struggling to pay their bills and that is their REASON for why they're starting a business, that person will find a way to be successful. They're motivated. They're focused on a solution. They realize that -- if things are going to change -- it has to start with them. And they're committed to be successful.
On the other hand, if a person says "Oh, I can't get started in business, I'm too broke".....that person is already defeated. Because they are choosing to let their circumstances dictate what they can do. They will continue to use that situation as an excuse for why they can't be more successful. Which means that they are creating their own self-fulfilling prophecy.
I can usually call these people back in 6 months and they're no better off than they were when they first contacted me.
What's the difference?
It's how people THINK. This is what Napoleon Hill meant when he titled his book, "Think and Grow Rich".
Wealthy people think differently than broke people. They don't ask "can I?" They ask "how can I?"
One of my favorite authors, Ayn Rand, once said, "What do you mean who's going to let me? You mean, who is going to stop me!"
Back when Jessica and I chose to start our business, we were broke. We were living in a very small cinder-block house. We had no heat. I was earning less than $1,000 a month. We were a couple of months late on our rent. Our car broke down frequently.
But we believed things could be better. We believed there was a way we could become wealthy and start living the life we deserved.
When it came to finding the money to start our business, we could have easily said, "I don't have the money." But, what would have changed? It's not like either of us had a rich uncle who was suddenly going to remember us on his deathbed. Or that our fairy godmother was going to show up and hand us lots of money just because we wished for it.
No, we did what a lot of people do: we scraped and borrowed and did whatever we had to do. We sold things we owned. Jessica took a part-time job on a short-term basis. I did odd-jobs for a friend of mine.
And when we made the decision that we were not going to let fear or other obstacles stand in our way, things started coming together in a way that we could have never planned or predicted.
So, if the question is, "How do you become wealthy?" the answer is simply, "Start thinking like a wealthy person".
Would a billionaire every say, "No, I can't do that."? No. they say, "That's what I'm going to do" and they go find a way.
There are two kinds of people in the world: stoppable and unstoppable.
Which are you?
Tony Rush is one of the real characters of personal development and is the co-author of the book, "It's Time....". He spends part of his free time showing others how to follow the same system he used to go from "broke" to millionaire lifestyle in less than one year. He lives in Alabama with his wife Jessica, three sons and a dachsund named Bentley who doesn't know he's a dog. For more information on Tony Rush visit http://www.tonyrush.com
Article Source: http://EzineArticles.com/?expert=Tony_Rush
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