Monumental odds and monumental risk characterize the undertaking of making a billion dollars.
You must have a strong drive and be smarter than average to become a billionaire. Look at Donald Trump. Trump only sleeps 4-5 hours a night. Trump works all the time. If you are to become a billionaire, you need drive, better than average smarts, some seed capital, and the right ideas.
Where will the next billionaires come from? Likely from the fields of:
- nanotechnology
- Internet/Computers/Software
- neurotechnology
- biotechnology
- alternative energy
- and certainly, many more billionaires will be innovators, inventors, turn around specialists, money managers, and others.
If you are dreaming to the point of opening brokerage accounts, taking college classes, Anthony Robbins seminars, and starting businesses, you are cordially invited to my Yahoo Group called "IndependentWealth - Investing for Early Retirement 101". There are several "high achievers" in my group.
If you want to associate with people who are going places, by all means, sign up. Do me a favor and vote in the polls section.
Also, take a look at http://www.independentwealth.us/. There you should at least find a way out of the rat race. You can also sign up for my group there too.
Hopefully, I will be writing a lot more about creating a billion dollar empire.
Wednesday, December 24, 2008
Monday, December 22, 2008
Community for Future Billionaires
There are a couple of great communities for future billionaires.
There is one on Facebook and one below:
http://finance.groups.yahoo.com/group/IndependentWealth/
At Independent Wealth, we have 1000 ambitious people, motivational quotes posted once or twice a week, some good stock picks are posted, we have a stock market tournament, etc.
Take a look, it's free. Be sure to vote in the polls section. Invite a friend.
There is one on Facebook and one below:
http://finance.groups.yahoo.com/group/IndependentWealth/
At Independent Wealth, we have 1000 ambitious people, motivational quotes posted once or twice a week, some good stock picks are posted, we have a stock market tournament, etc.
Take a look, it's free. Be sure to vote in the polls section. Invite a friend.
Wednesday, December 17, 2008
One of the Best Ideas in the World
If you want to go from rags to riches, one of the best ideas in the world for you, is to go to www.independentwealth.us.
At my site, you will not only be able to make a plan to escape poverty, you will get the motivation, and many of the tools you need to do it.
There are not really any Earth shaking ideas there. Just common sense, and yes, some advanced stuff. The New Year is coming. So start planning and creating a vision of what you want!
I learned many of the lessons in independentwealth the hard way, but you do not have to.
Forget the hype and the fluff and the scams and scroll down to www.independentwealth.us
At my site, you will not only be able to make a plan to escape poverty, you will get the motivation, and many of the tools you need to do it.
There are not really any Earth shaking ideas there. Just common sense, and yes, some advanced stuff. The New Year is coming. So start planning and creating a vision of what you want!
I learned many of the lessons in independentwealth the hard way, but you do not have to.
Forget the hype and the fluff and the scams and scroll down to www.independentwealth.us
Tuesday, December 16, 2008
Seven Quotes for Entrepreneurs
"Your most unhappy customers are your greatest source of learning."--Bill Gates
Money can't buy happiness, but neither can poverty.--Leo Rosten
It requires a great deal of boldness and a great deal of caution tomake a great fortune, and when you have it, it requires ten times as much skill to keep it.--Ralph Waldo Emerson
Sometimes by losing a battle you find a new way to win the war.--Donald Trump
"He which soweth sparingly shall reap also sparingly;and he which soweth bountifully reap also bountifully."-- 2 Corinthians 9:6
The richest people in the world look for and build networks, everyoneelse looks for work."- Robert Kiyosaki
"The best way to predict the future is to create it..."- Anthony Robbins
Money can't buy happiness, but neither can poverty.--Leo Rosten
It requires a great deal of boldness and a great deal of caution tomake a great fortune, and when you have it, it requires ten times as much skill to keep it.--Ralph Waldo Emerson
Sometimes by losing a battle you find a new way to win the war.--Donald Trump
"He which soweth sparingly shall reap also sparingly;and he which soweth bountifully reap also bountifully."-- 2 Corinthians 9:6
The richest people in the world look for and build networks, everyoneelse looks for work."- Robert Kiyosaki
"The best way to predict the future is to create it..."- Anthony Robbins
Billionaire Mindset
Robert Cox has studied and worked with three billionaires. His studies indicate they have five behavior traits in common.
1. Revelations (clarity) - They see things differently.
2. Charisma - The billionaire is a charismatic individual. Charisma is defined as the ability to make others feel good about them.
3. Integrity - They maintain the integrity of their goals, values and personal image. Integrity is defined as doing what you say you are going to do. Integrity is a unique quality as you can only sell it one time.
4. Love of Money - think of whom or what you love most and multiply that by 10 and that properly reflects the love a billionaire has for each and every dollar.
5. Time - Define projects, meetings and employee performance by time frames. They have preset time limits for all endeavors.
www.yourbusinesscoach.net
1. Revelations (clarity) - They see things differently.
2. Charisma - The billionaire is a charismatic individual. Charisma is defined as the ability to make others feel good about them.
3. Integrity - They maintain the integrity of their goals, values and personal image. Integrity is defined as doing what you say you are going to do. Integrity is a unique quality as you can only sell it one time.
4. Love of Money - think of whom or what you love most and multiply that by 10 and that properly reflects the love a billionaire has for each and every dollar.
5. Time - Define projects, meetings and employee performance by time frames. They have preset time limits for all endeavors.
www.yourbusinesscoach.net
Friday, December 5, 2008
7 Tips to Help You Escape the Rat Race
There are a lot of important things you could do to escape the rat race, but I have give you seven that come to the forefront of my mind. This should be a good starting point for the ambitious wealth builder.
Tip number one is: learn to invest. Get started reading the classic investment texts, a financial magazine, learn the terminology, and laws. Learn to analyze an investment. I would get started on this one, even if the economy seems bad. Create a model portfolio and watch the indicators, stocks, and etc. You will not start out as the best investor, so start learning.
Tip number two is: Live below your means. You have no alternative. If you are to retire, you need to save money for it. Even if you have a good pension, create another leg in your retirement stool. Delaying gratification will help you cut expenses. Wait for a better price on what you want to buy. Maybe you will change your mind altogether. Make it a mental game to buy good investments, rather than a frivolous purchase.
Tip number three is: Diversify your investments. Spread your money around some. You could still be somewhat concentrated in things you know about and are confident and comfortable with. It is very important not to put yourself into a high risk/low reward situation. Decide on a good asset allocation (a combination of various assets). Stay on top of your finances.
Tip number four is: Make a few big financial bets. Make some substantial financial bets on something you have a strong hunch will succeed. If you are right on a serious investment, it could be all you need to exit the rat race. Never make a bet you cannot afford to lose. Make sure you have done adequate research on your investments.
Tip number five is: Create a Mastermind. You need coaches and guides that are going where you are going. You need objective opinions and fresh perspectives. Masterminds have come in handy. That is why Andrew Carnegie advises us to start a mastermind in Think and Grow Rich.
Tip number six is: get into CANI (constant and never ending improvement). Use CANI to improve each area of your life, including your career, and investing. Applying the philosophy of CANI in your health, relationships, etc. will pay dividends as well.
CANI is easy, just admit you don’t know everything, and start making improvements. Improve a little every day. I encourage you to keep learning and growing even after you escape the rat race.
Tip number seven is to: move quick on things. When a task or project is dropped in your lap, get to work! Get going! Procrastination won’t help you escape the rat race. Video games, booze, and “power naps” won’t get you out of the rat race. Become the person who gets the job done. If you can’t get things done, you will spend more time in the rat race. Tackle tough projects without delay.
Today is the day to get going on your financial journey. Test some of these tips in your own life and see what happens.
see www.financialindependenceuniversity.com for more info & details.
Tip number one is: learn to invest. Get started reading the classic investment texts, a financial magazine, learn the terminology, and laws. Learn to analyze an investment. I would get started on this one, even if the economy seems bad. Create a model portfolio and watch the indicators, stocks, and etc. You will not start out as the best investor, so start learning.
Tip number two is: Live below your means. You have no alternative. If you are to retire, you need to save money for it. Even if you have a good pension, create another leg in your retirement stool. Delaying gratification will help you cut expenses. Wait for a better price on what you want to buy. Maybe you will change your mind altogether. Make it a mental game to buy good investments, rather than a frivolous purchase.
Tip number three is: Diversify your investments. Spread your money around some. You could still be somewhat concentrated in things you know about and are confident and comfortable with. It is very important not to put yourself into a high risk/low reward situation. Decide on a good asset allocation (a combination of various assets). Stay on top of your finances.
Tip number four is: Make a few big financial bets. Make some substantial financial bets on something you have a strong hunch will succeed. If you are right on a serious investment, it could be all you need to exit the rat race. Never make a bet you cannot afford to lose. Make sure you have done adequate research on your investments.
Tip number five is: Create a Mastermind. You need coaches and guides that are going where you are going. You need objective opinions and fresh perspectives. Masterminds have come in handy. That is why Andrew Carnegie advises us to start a mastermind in Think and Grow Rich.
Tip number six is: get into CANI (constant and never ending improvement). Use CANI to improve each area of your life, including your career, and investing. Applying the philosophy of CANI in your health, relationships, etc. will pay dividends as well.
CANI is easy, just admit you don’t know everything, and start making improvements. Improve a little every day. I encourage you to keep learning and growing even after you escape the rat race.
Tip number seven is to: move quick on things. When a task or project is dropped in your lap, get to work! Get going! Procrastination won’t help you escape the rat race. Video games, booze, and “power naps” won’t get you out of the rat race. Become the person who gets the job done. If you can’t get things done, you will spend more time in the rat race. Tackle tough projects without delay.
Today is the day to get going on your financial journey. Test some of these tips in your own life and see what happens.
see www.financialindependenceuniversity.com for more info & details.
Friday, November 21, 2008
Eight Secrets of Financial Independence
“We simply assume that the way we see things is the way they really are or the way they should be. And our attitudes and behaviors grow out of these assumptions.” - Stephen Covey
Secret #1 – This is by far the single most important of the 8 secrets. It is the foundational key to all success
TAKE ACTION!
If you can’t take the action necessary to achieve financial independence and success, to improve your life, you will no doubt wind up right alongside the 95 percent of the population that is dependent on debt and are ultimately financial failures.
It’s that simple. You can have the very best teachers, the very best education and training, read the best books and listen to the best tapes but without taking action, it’s all wasted. I can’t emphasize this point too strongly or enough. You must find it in yourself to resolve to act; otherwise your thinking will amount to nothing.
Secret #2 – The level of success you achieve in your life is directly proportional to your willingness to accept full responsibility for your life. No matter where you are now, you can only achieve greater things if you take blame and hold yourself accountable for your past. Accept your past and grasp hold of your future.
Secret #3 – Failing to execute a plan for financial independence is the same as planning to fail. This seems fairly self evident. People just float around through their financial life hoping it will all somehow just work out. This is not only wrong but it reeks of insanity
Secret #4 – A home based business where you can invest work and time instead of money. You can make more money with a business of your own than a job would pay you and the tax benefits are worth the effort. It would be a good practice to start slow and small and work it steadily. Eventually, the income will exceed your job and you will need to make a decision as to whether you want to quit your job and take your business full time.
Secret #5 – Residual vs. Linear Income Most people work at a job that pays them a linear income, which means that for every hour they work they get paid an hour’s wage. Or they sell a widget and get paid a commission on that one widget. Residual income, on the other hand, is cumulative and continuous. Let’s say that you sell a widget, instead of getting paid a onetime commission, you get an ongoing commission for that sale month after month. Sell two widgets, get two times the residual.
Secret #6 – Multiplex Income This is the income that you receive when you run your own business and receive your income from the work and efforts of others.
Secret #7 – Positive Mental Attitude I used to think that keeping a positive mental attitude was the key ingredient to success and achievement, that if I maintained a PMA, success was sure to follow. I knew people that cranked up the positive attitude so much they glowed but were complete financial failures. While a PMA is extremely important, the ACTION needed in secret #1 is the true key. Couple PMA AND ACTION together and you have a solid foundation for success.
Secret #8 – Compound Interest Compound interest refers to the fact that whenever interest is calculated, it is based not only on the original principal, but also on any unpaid interest that has been added to the principal. The more frequently interest is compounded, the faster the balance grows.
A good lesson was learned on the golf course when two friends decided to “make it fun” by placing a wager on each hole. The bet was for a dime and on each hole the bet would double. Let’s do the math. The first hole is ten cents. The second hole is twenty and the third is forty cents. Not bad, just a friendly wager, right?
By the time they reached the ninth hole the bet was for $25.60. OK. Still not so bad for golf buddies. The tenth hole was $51.20, the eleventh hole was $102.40 and the twelfth hole was for $204.80! Now, if we were golfing this game, we would be getting a bit nervous. Hole 13 - $409.60. Hole 14 - $819.20. The bet continues to rise. By the 18th hole the bet will be a whopping $13,107.20!
THAT is the power of compound interest.
Dave Capra "The Debtonator" is author of "Your Guide To Perfect Credit", a radio show host, columnist and certified debt consultant. For information contact The Debtonator at 312.674.4861 or email thedebtonator@yourguidetoperfectcredit.com
http://www.yourguidetoperfectcredit.com http://www.franklindebtrelief.com
Article Source: http://EzineArticles.com/?expert=Dave_Capra
***
I think this is a classic article. Taking action, accepting responsiblity, planning, and home based businesses are all key to financial independence.
Secret #1 – This is by far the single most important of the 8 secrets. It is the foundational key to all success
TAKE ACTION!
If you can’t take the action necessary to achieve financial independence and success, to improve your life, you will no doubt wind up right alongside the 95 percent of the population that is dependent on debt and are ultimately financial failures.
It’s that simple. You can have the very best teachers, the very best education and training, read the best books and listen to the best tapes but without taking action, it’s all wasted. I can’t emphasize this point too strongly or enough. You must find it in yourself to resolve to act; otherwise your thinking will amount to nothing.
Secret #2 – The level of success you achieve in your life is directly proportional to your willingness to accept full responsibility for your life. No matter where you are now, you can only achieve greater things if you take blame and hold yourself accountable for your past. Accept your past and grasp hold of your future.
Secret #3 – Failing to execute a plan for financial independence is the same as planning to fail. This seems fairly self evident. People just float around through their financial life hoping it will all somehow just work out. This is not only wrong but it reeks of insanity
Secret #4 – A home based business where you can invest work and time instead of money. You can make more money with a business of your own than a job would pay you and the tax benefits are worth the effort. It would be a good practice to start slow and small and work it steadily. Eventually, the income will exceed your job and you will need to make a decision as to whether you want to quit your job and take your business full time.
Secret #5 – Residual vs. Linear Income Most people work at a job that pays them a linear income, which means that for every hour they work they get paid an hour’s wage. Or they sell a widget and get paid a commission on that one widget. Residual income, on the other hand, is cumulative and continuous. Let’s say that you sell a widget, instead of getting paid a onetime commission, you get an ongoing commission for that sale month after month. Sell two widgets, get two times the residual.
Secret #6 – Multiplex Income This is the income that you receive when you run your own business and receive your income from the work and efforts of others.
Secret #7 – Positive Mental Attitude I used to think that keeping a positive mental attitude was the key ingredient to success and achievement, that if I maintained a PMA, success was sure to follow. I knew people that cranked up the positive attitude so much they glowed but were complete financial failures. While a PMA is extremely important, the ACTION needed in secret #1 is the true key. Couple PMA AND ACTION together and you have a solid foundation for success.
Secret #8 – Compound Interest Compound interest refers to the fact that whenever interest is calculated, it is based not only on the original principal, but also on any unpaid interest that has been added to the principal. The more frequently interest is compounded, the faster the balance grows.
A good lesson was learned on the golf course when two friends decided to “make it fun” by placing a wager on each hole. The bet was for a dime and on each hole the bet would double. Let’s do the math. The first hole is ten cents. The second hole is twenty and the third is forty cents. Not bad, just a friendly wager, right?
By the time they reached the ninth hole the bet was for $25.60. OK. Still not so bad for golf buddies. The tenth hole was $51.20, the eleventh hole was $102.40 and the twelfth hole was for $204.80! Now, if we were golfing this game, we would be getting a bit nervous. Hole 13 - $409.60. Hole 14 - $819.20. The bet continues to rise. By the 18th hole the bet will be a whopping $13,107.20!
THAT is the power of compound interest.
Dave Capra "The Debtonator" is author of "Your Guide To Perfect Credit", a radio show host, columnist and certified debt consultant. For information contact The Debtonator at 312.674.4861 or email thedebtonator@yourguidetoperfectcredit.com
http://www.yourguidetoperfectcredit.com http://www.franklindebtrelief.com
Article Source: http://EzineArticles.com/?expert=Dave_Capra
***
I think this is a classic article. Taking action, accepting responsiblity, planning, and home based businesses are all key to financial independence.
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