How To Make Money On Ebay By Buying

The term arbitrage has been around for a long time. It is a technique used in the stock market by large players who search (with powerful computers in real time) for price discrepancies from one market to another. For example if they see dealers in London trading IBM stock at 1/8th pt lower than in New York, even if it's only for a few seconds, they'll grab it at the lower price and sell it in New York where they'll make an 1/8th pt profit.

So how does that apply to Ebay?

The strategy is buying low in one central Internet market and selling in another more active market for a premium.

Ebay is a huge marketplace, and even though it's centrally located (in cyberspace) it is still a relatively 'inefficient' marketplace. There are several reasons for this : availability of detailed market information available to the participants being one, but the more common reason being the seller doesn't know a thing about the item he or she is selling

Here's where you can benefit. If you have intimate knowledge of a particular market, you probably already have a rough idea of how much an item listed on ebay is worth.

For example, I'm a IT professional who deals with computers all day long therefore it is easy for me to spot bargains relating to desktops, laptops, computer software etc.

Now, there can be many spins on this. I could simply buy the item and resell on ebay for a profit or I could buy the item and sell it locally either in my neighborhood.

Also, I could always do it the reverse way. Buying locally and then selling it on ebay or other auction sites.

By now, you probably realize in order for you to do ebay arbitrage, you need to have expert knowledge on the particular market you are interested in selling.

So do your homework, check out the discussion boards, ask your friends or consult shop owners which sells the items you want to sell. If you want to make more money on ebay, you have to do some research, there's no easy way out.

Article Source: http://articles.tiptopweb.info


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The IRA Owned LLC, a Great Tool for Investing

"So many investors are tired of watching their retirement accounts dwindle away from the lackluster performance of the stock market, while the value of their home and surrounding areas increase in the double digits," said Marco Caporale, President and CEO of Independent Executive Management, LLC.

Although using your retirement account to purchase real estate does offer the potential for two to three times the annual appreciation of traditional stocks, it does come with a lot of regulations and severe penalties, if not correctly applied. That is why the right account has to be set up, the rules have to be followed and a good custodian can help. It is not difficult and it can be done and many are doing it and making great money for the future.

If you read this far you are thinking, "I have heard of this before and all I have to do is open a self-directed IRA." However, to truly set your IRA free, (what many call checkbook control IRA), a couple of steps have to be taken that will give you total control of your IRA funds and profound asset protection. Yes, your IRA's, other retirement accounts, and other investments are not protected from law suits and you can loose your nest egg.

Let me start by giving you some background information. First of all, most custodians, even true self directed custodians, require massive amounts of paperwork and numerous hoops to jump through in order for you to invest your IRA money in an "alternative" investment. This costs you time and money (custodian fees). To more effectively use your IRA, your IRA will instead place all of its assets into a limited liability company (LLC). Therefore, there is only one asset to be declared by the custodian to the IRS and this translates to fewer fees to you. Notice I did not say that your custodian manages your IRA. Then who manages the IRA? well, you of course.

Why an LLC? The LLC gives great asset protection and tremendous tax advantages. The LLC enjoys the asset protection of a corporation while it can be taxed as a partnership. Partnership taxation is great because the LLC itself will not pay taxes. Instead, the owner of the LLC pays taxes as if they earned the income. Who is the owner of the LLC? Your IRA is the owner of the LLC(a tax- exempt entity). Therefore, you can maximized your investment and pay no taxes, what a deal.

What are the "alternative investments" mentioned above? They are too multiple to mention here but I will try:
real estate, other LLC's, franchises, unsecured loans, corporations, mortgage notes, commodities and futures, joint ventures, tax liens and tax deeds, currency exchange, times shares, limited partnerships, timberland investment, real estatle options, commercial paper, hunt lease investments, stocks, bonds, mutual funds, annuities, ect.

Is the concept of an IRA owned LLC legal? Yes, and the case Swanson VS. The Commissioner in 1996 cleared up any doubts that anybody had about this issue. In this case the court rejected the IRS position that the business structure constituted a prohibited transaction. The IRS was so wrong that the judge had the IRS refund legal fees to MR. Swanson.

How can you create this magnificent business structure to increase money for your retirement years? Here are the simple steps:

1. Open a self-directed IRA account. 2. Transfer your IRA assets to the new, self-directed IRA account. 3. Establish a LLC in the state of your desire. 4. Apply for your LLC's employer's identification number (EIN). 5. Set up a brokerage account or bank account for your LLC. 6. When you are ready to invest instruct the custodian to place the IRA assets into the bank account or brokerage account of the LLC. 6. Start checkbook investing.

Finally, you can move into the sef-directed IRA owned LLC other retirement plans, 401ks, 403B and have other investors joint in with you. Good luck and happy investing.

Article Source: http://articles.tiptopweb.info


J McGlothlin, IRA-LLC specialist. If you have further questions visit: www.kit-for-self-directed-ira-llc.com

How to Create Real Wealth from Auto Surfing

Einstein said that compounding interest was the 8th wonder of the world and who am I to argue with Einstein!?!

Autosurfing is fantastic - earn money and get 1000's of hits to your websites - PERFECT!

I don't know about you but 1000's of hits to my websites (and plenty of money!) is exactly what I want and I'm getting them. If you don't have your own website then sign up as an affiliate and then list that site in the autosurfs so you can earn. Re-invest those earnings into autosurf sites and be amazed as your wealth grows.

You can earn serious money from autosurfing but I wouldn't recommend risking any money that you can't afford to lose................ autosurfs come and go and when they go they'll take your money with them!

Having said that, if you put your money into 'reliable' autosurfs then it won't be long before you can cash out your initial deposit and continue to earn substantial amounts without having to use another penny of your own cash. Continue getting referal sign ups and very soon you won't believe how much money you're making every month.

What do I mean by 'reliable'? No autosurf is 100% reliable but you can research and check track records for payments to minimise your risk. Look in forums and take note of what others are saying about particular autosurf sites but, most of all, use your own common sense. Some people will tell you an autosurf site is fantastic just to get a referal bonus to enable them to cashout quicker whether the site is sinking or not. Others will say that autosurfs aren't any good to try to convince you to sign up to another one. That's why I say look in forums not just a single forum. Get several opinions and then make up your own mind.

Some sites will give you a small amount for free to get you started. If you're wary of putting in your own money then I suggest seeing how the free amount grows and try a couple of cashouts first. As soon as you're comfortable then you might consider adding some funds of your own. Not to mention that you'll have received 1000's of hits to your websites by then and hopefully have earned more money from them whether it's your own product or an affiliate product.

There's a few things you'll need to put in place before you start surfing. Firstly, I recommend downloading Mozzila Firefox then create a new folder to bookmark each autosurf sign in page. To open all the autosurf sites in one session just go to Bookmarks, click the folder you saved all the autosurfs in. At the bottom of the list click Open Tabs. This will open all your autosurf sites at once. Login to each of them then go back through and click the surf button so they all start at around the same time.

If you have a lot of autosurf sites then you might want to create two folders in Bookmarks. That's it - watch the pages, go and make a cup of coffee or whatever you fancy doing while you earn hits to your website and cash for your pocket!

The other thing you MUST do is make sure your antivirus, firewall and spyware software is up to date.

Lastly, sit back, relax and enjoy!

For more information and regular updates take a look at my BlogSpot (see About the Author)

Article Source: http://articles.tiptopweb.info


Jugglingmum earns a fantastic income online and is always searching for new and exciting ways to make even more. Visit www.AutoSurfWealth.Blogspot.com and www.JugglingmumsClub.Blogspot.com

Why Some People Almost Always Make Money By Following These Stock Investment Club Guidelines

I can tell you right now that if you settle down with your frame of mind now, you will be entering into a relationship that has nothing but pure pain.

Whenever a group of people get together for a common purpose, a structure must be put in place, or not much happens. A stock investment club is no different. For a stock investment club to be successful there are several features that need to be in place for the club to run smoothly.

There are two broad types of people in the market, investors, and traders. Investors use the market to build a stock investment portfolio that will realize them a profit in the long term. A trader uses the stock market to make money quickly over a short period of time. Members of a stock investment group should consider themselves to be investors, since they will be in the investment market for the long haul.

Because of the long term nature of the stock investments, a club will need to have clear investment goals. All members of the club should have the same philosophy about investing, and be pursuing the same goals. If these goals aren't made clear, the membership could easily become divided about stock investment decisions, and the effectiveness of the club could suffer.

There should be a clear understanding established of what percentage of the profits realized from the investments are going to be distributed and what percent is going to be reinvested immediately back into the stock market. There should be balance between growth and stability.

But before any stock is purchased or sold, it should be required that all members of the investment club be part of the study of these stocks, and be part of the final decision. The club can use technical or fundament analysis of the market to help make these decisions, whichever fits their investment style best.

Because of this fact, it's important that all members of the group attend all the meetings. When there are decisions that need to be made about ongoing investments and future stock investments each member needs to be part of the decision process. If the group decision is held up because some members don't attend regularly, the effectiveness of the stock investment group is jeopardized. Club members should also communicate on a regular basis. Part of the experience of starting a stock investment club is getting together to enjoy similar interests and goals.

It's a good idea for all members of the club to have Internet access so that they can keep track of the market from their homes, and to make it easier to communicate with other members frequently. The importance of good communication between members of the group can't be stressed enough.

And last, but certainly not least, there clear records must be kept of all stock investments, profits, losses and any other money issues, that follow accepted accounting guidelines. These records should also be available for any member of the club to read at any time.

If all of these guidelines are met, the members will be confident in their club, and feel secure in their stock investments. This will allow the club to grow, and likely produce profits, as well as market experience, to its members. Without the guidelines, a club will be chaotic and ineffective. And a good way to lose your stock investment.

Article Source: http://articles.tiptopweb.info


Who Else Wants To Learn A Simple, Step-By-Step System For Generating Quick & Easy Profits, By Starting An Investment Club - FREE FOR A LIMITED TIME - www.clubinvestment.net

Your Secret Wealth Creation Strategy - OPT?

You may have heard of using OPM, or Other People's Money, to leverage yourself to true wealth. This wealth building strategy has worked for many investors in the real estate and options markets. But have you heard of OPT?

What is OPT?

The OPT wealth creation strategy uses the same principle, leverage, but here we are using a totally different medium - the power of the mind. The power of the subconscious mind to create a prosperity mindset has been highly touted, especially recently.

But first let's lay some groundwork.

Today, more and more enlightened folks are achieving greater success in their lives by elevating their thoughts. When applied specifically to the realm of manifesting abundance they practice such prosperity rituals as abundance affirmations and abundance meditations. They also engage in visualization meditations to create financial prosperity.

For instance, in a quest to attract abundance you might practice advanced visualization exercises in which you picture yourself manifesting money in your life. Often specific amounts or specific material goods are visualized in the mind's eye. For example, you might repeat positive affirmations and conduct a creative visualization in which you see $2,500 coming into your life in the next month. Or maybe you visualize yourself manifesting a new Mustang to replace your junker.

These techniques have been written about and are being practiced more and more by those wishing to develop a wealth consciousness.

Is there any evidence, though, that this abundance mentality and these prosperity affirmations can create wealth? And, if so, what is the secret wealth system, OPT, that you might use to leverage this ability?

There is now an abundance of testimonials from those who practice these creative visualization meditations and prosperity affirmations stating that these techniques have often catapulted them from debt to wealth. They often laud these techniques saying that they have become wealth magnets attracting abundance - often from unlikely sources!

Having seen the testimonials to their effectiveness, you might agree that it would be wise to start implementing some of these prosperity rituals in your own life. But, is there a way to attract abundance beyond just honing your own mental powers?

What about OPT?

OPT stands for Other People's Thoughts. You've seen the power of developing a wealth consciousness in order to attain wealth. That means expanding your own mental power in order to become a wealth magnet. That is great, but why not try to leverage the mental power of two minds, or 20 minds, or 200 or even 2000 or more minds to attract wealth?

That is the power of OPT. Using other people's thoughts means having other folks send you energy from a distance in order to create what you want in life. Of course, this principle is not limited to attracting money. It can work with healing energy, achieving success, improving relationships, etc..

I know what some of you might be thinking - "sounds like a lot of mumbo jumbo, is their any hard evidence to support these claims?" Actually, there is now a surprising number of studies that point to the effectiveness of sending thoughts at a distance.

Dean Radin, PhD, in his powerful book, The Conscious Universe, said this, "is there any evidence that thinking about people at a distance, directing either calm, loving thoughts or aggressive, malevolent thoughts, actually affects their physiology? Four decades of laboratory experiments...reveal that the answer is quite clearly yes..."

And Katra and Targ in Miracles of the Mind noted, "For over two decades, Dr. William Braud has conducted more than 30 experiments, involving over 650 testing sessions, examining the "direct mental influence of living systems." Braud has demonstrated that it is possible for one person's mental processes to telepathically affect those of another person, both directly and from a distance. All of these experiments in mental-influence-at-a-distance were successful, and most important, they were repeatable."

The two quotes above are indicative of the numerous studies that now point to the effectiveness of sending energy to others. But, how can you use this knowledge to help yourself and others?

Why not form a group and start sending each other energy. From the results of the studies it appears that distance is Not a factor when sending the energy. This will allow you to indiviudally hone your creative visualization skills while at the same time attempting to manifest the dreams of those in your group.

You might mix it up and send different energies in different months - love energy one month, abundance the next, healing the next and so on. Or, create a group focused on just one energy, say healing or attracting wealth.

Article Source: http://articles.tiptopweb.info


Imagine the power of a thousand or more minds sending you the energy of prosperity, success and health. Now you can join the free wealth manifestation and abundance club at www.wealthvibes.com. Free $100 money magnet visualization meditation.

Creating Wealth - A Matter of Focus

A greater sense of freedom is the basis of most people's desire to have more money in their lives. Having more money doesn't guarantee more freedom, but it is the belief that inspires the desire.

Now, let's take a look at a person who wants more freedom and has decided to significantly increase her wealth. How does she go about it? Where does she begin? Where will she make her first million?

There are a few general areas where a person could direct attention: real estate, stock market, internet, information marketing, and business of all kinds - from network marketing to producing widgets.

In their eagerness to create wealth, people sometimes make the mistake of trying to make a go of it in all of these areas at once. And it is true that ultimately, a person should have multiple streams of income.

But most people who eventually do create massive income from a variety of sources made their breakthrough by initially focusing intensely in one area.

If you'd like to join them in financial success, instead of being all over the map, choose an area to develop expertise. Once you've achieved success in that area, you'll have the confidence and foundation to move on to the next area and the next after that. But first, focus.

How do you choose where to focus?

First, take a personal inventory. Wherever you end up making your first million, it will be related to something you already enjoy. If it isn't innately satisfying work, you're unlikely to stick with it, no matter how surefire a get-rich idea it seemed at first.

Second, does it have leverage? You can never get rich trading your time/expertise for money. You might get the resources to invest in real estate, or business, or the market by trading your time for money, but if you have to be physically present in order for whatever you do to make money, then it's an unlikely ticket to massive wealth - even if you're providing a high end service like a lawyer, doctor, etc.

The income doesn't have to be passive, such as royalties from intellectual property; residual income is fine, such as overrides from network marketing. But the area of focus has to be a venture that can make money while you sleep, so to speak. In real estate, that might be a matter of appreciating value or rental income. Online, that might be an information product that clients download. You get the idea.

Third, can it be systemized? By creating a system, you remove your personality from the equation. Anyone can step in and do what is necessary to keep the ball rolling. With a system, you are replaceable. You can still own whatever it is that makes the money, but you don't have to *do* the money-making actions.

Once you've narrowed your focus, what next?

Find a mentor, someone who has succeeded doing something similar to what you want to do. The mentoring could come via role models you never personally meet, but who have shared their expertise through books or other media that you can study. In addition, however, a personal mentor or coach is tremendously helpful to you in maintaining focus.

Once you've narrowed your focus and have studied what others have done to succeed in your area of interest, you're ready to make a plan of action and take the first step. Then, keep taking steps and keep your focus; you will create the wealth you desire.

Article Source: http://articles.tiptopweb.info


Lila Norden, internet publisher and business consultant, offers valuable information and insights for advancing your business or career. For helpful resources, strategies, and additional articles, visit www.fcomfinances.com

Tithing - An Ultimate Way to Prosperity

Most of us regard ourselves as outsiders despite being part of the universal bank of energy. Nature has provided us with numerous ways to explore our real wisdom and understanding. It depends on how we interpret the indications. However, we can participate in this ongoing process with the help of tithing. Apart from providing great opportunities to discover laws of supply, tithing helps us to get familiar with new knowledge of prosperity. With this process, an individual can inherit several novel gifts in terms of real happiness and wealth.

What is tithing?
The word tithing is synonymous with Religious giving. However, the concept of tithing is much more universally accepted and can refer to giving away a percent of your gross income to someone who motivates you the most with essence of inspiration rather than being overwhelmed by several calls for help. It is common to give away 10% to such a cause, however many individuals often consider making this percentage larger depending on your circumstances and motivation. There is a great difference between offerings and tithing. The latter not only serves as token of love or gratitude but also symbolizes realization of the covenant relationship that you maintain with that particular person or organization. Generally, we share such a bond with God whom we really appreciate for what he has done for us. Some people tend to tithe because they fear their doom. This perception stands for wrong belief in that power. Indeed, He is the only one who gives out of true love. Tithing should be a selfless action done out of appreciation and pleasure.

With tithing it teaches you a great universal concept of giving first without expectation of return. Often we get caught up in the mentality of receiving before giving. You should have the ability to observe persons and groups helping others and who take initiatives to deal with the life's complex issues. This assists in selecting the right recipient in place of giving out of compassion and sympathy. As to harvest anything, you must plant a seed. Tithing is about sowing that seed. Similarly, to receive something, you must give faithfully. This acts as a key to understanding the Universal Law of giving and gaining. Moreover, when it is done with an honest concern to God, then it comes back after being multiplied. We get an edge to act as a magnet to our supply after recognizing our values, gifts, and audacity, and top of all, our connection with life.

Article Source: http://articles.tiptopweb.info


Terence Young - For more great personal growth articles visit www.personalgrowthunlimited.com.

Forex for Express Fortunes

Have you heard about the simple, quick and convenient trading opportunity called forex? Foreign currency exchange is making millionaires out of people just like you and me.

Have you been thinking of investing and wondering what is the most efficient path? Real estate ties up your money for extended periods of time, so does the futures market and the stock exchange provides complications of the harrowing kind. Forex, foreign currency exchange, is relatively new to the public and offers many benefits over traditional investments.

Start Up Capital
Traditional investment opportunities are often only available to those with plenty of cash and the confidence to trade it. Forex requires a minimal investment to get started. If you can afford dinner and a movie for 2 you can afford to get started with forex. Throw in the cash for tickets to a concert and a couple promotional tee shirts and you've got a real start in making your trades pay off.

Low Risk, High Yield
You can be wrong 50% of the time and still make money with forex. Learn to watch the trends and you've got a significant edge on the volatile stock market.

Convenience
Unlike stock markets, you can do forex trading quickly and easily, on your laptop, at the end of your busy day or at the beach. Forex trades seven days a week twenty-four hours a day. No setting your alarm for the market to open on the other side of the world.

Leverage
Does this sound like magic to you? If you trade in "mini lots" and have $1,000 invested you are trading a hunk of change valued at $10,000. That's a lot for a mini investment!

Bulls & Bears
Makes no difference what the stock market trends are, which way real estate prices are moving, you can always make money with forex. No matter what the trend, you can make a profit in rising and falling markets. Just learn to watch the trends.

Liquidity
No need to tie up your money for long periods of time. Your capitol is accessible any time you want it. You haven't bought an office building, gold or pork bellies. You bought cash and you can cash in at a moments notice.

Real Time Practice
Paper trading with forex gives you instant feedback on your trades and understanding of the system. It's simple to understand if you get the concepts sufficiently to invest your cash in the market without having to wait.

Forex for Express Fortunes
Foreign currency exchange is making millionaires out of people just like you and me. Does everyone get rich trading forex? Of course not! But many do, by taking the time to learn the ups and downs and get some free expert advice. If you are looking for an exciting opportunity to turn $300 into $30,000, it's time to look at the exciting new opportunity available to you in forex, the foreign currency exchange.

Article Source: http://articles.tiptopweb.info


Kristin S. Kopp, President of Partners in Progress since 1988, is in the business of helping people get what they want. If you want financial freedom and the ability to call your own shots, check out the FREE introductory report, Forex Freedom available at www.rapidforexcoaching.com

Do You Network with the Affluent or the Effluent?

It has often been stated that your yearly income is an average of the incomes of your five closest friends. Is that true in your case? Is that a good thing or a bad thing? How wealthy or poor are your friends? How wealthy or poor are you?

Effluent is usually defined as an outflow from a sewer or sewage system, or a discharge of liquid waste, as from a factory or nuclear plant. It is also defined as water that flows away from a larger body of water. The poor often denigrated as the dregs of society, often have a problem with cash flow, with money flowing out of their lives. In short they have a flow problem - a problem of effluence.

To be affluent, on the other hand, describes one who is financially well off, prosperous and abundant. Picture society's rich and wealthy.

Interestingly enough, the word affluent sometimes means a stream or river that flows into a larger one. Effluent, as previously stated, is water that flows away from a larger body of water. That difference in flow direction has a direct correlation with the difference often exhibited by those who are rich and those who are poor.

Those who are rich are often said to be in the flow. Money and abundance flow into the lives of the rich. They have a habit of being generous and giving back to society. In other words their flow is directed back into the big body of water known as society. They give freely and are not surprised to often find themselves in a vast ocean of abundance.

The poor are often takers - not necessarily out of desire although that is sometimes the case, but primarily out of a perceived lack and need. They take their limited amount of water from the main body and are surprised when it quickly dries up. They then return to the main body seeking again to take another meager quantity for themselves. Again, it doesn't last long.

Not only the material possessions but the attitudes of those you surround yourself will have a direct effect on who you are and what your attitudes are. Do you surround yourself with positive people filled with rich thoughts and loving attitudes? Or, do you surround yourself with those only interested in knowing why life has dealt them such a bad deal? Or are your friends somewhere in between?

If you want to access the ocean of abundance, network with the millionaires - not just the financial ones, but the millionaires of love, truth, and beauty. They are out there you just have to look for them. Go where they hang out and do something for them. That's right - don't ask what they can do for you to help you - ask what you can do for them. This gets the flow started in your direction.

If it is the financial kind of millionaire you seek to surround yourself with, help them in some way. If you are a small business owner, do them a favor. Just want to learn from them - take them to lunch and ask them how they got wealthy and their advice for you. Many will be more than happy to give back - for many it is in their nature.

Thomas Stanley, author of the Millionaire Next Door, has another great book called Networking with Millionaires. Here he discusses the advantages of networking with Millionaires and other high net worth individuals.

Stanley notes that these individuals, if treated properly, can provide referrals that often brings big money fast into the life of the referrer. This big money often comes in the form of increased business from friends of the millionaire - often other high net worth individuals.

One group Stanley looked at were accountants who went after and took care of millionaires. He reports those who are experts at taking care of the Millionaire usually provided service that went well beyond the norm. He found that the more value they provided the millionaire client the more they were apt to refer him to others. It was a profitable cycle for all concerned.

So, why not make it a goal to cultivate one new friendship with a millionaire of finance, love, truth, or beauty today? Give them something of value. While you're at it be generous and giving to everyone in your life. You'll find that they will start to do the same to you and others, promoting a circle of generosity.

Weed out the negatives in your attitude and in your life and begin incorporating more of the positives - positive people, positive events, and positive thoughts. Soon you'll notice the flow of affluence coming your way and that you are surrounded by an ocean of abundance.

Article Source: http://articles.tiptopweb.info


To attract abundance and manifest prosperity visit www.wealthvibes.com. To make big money fast visit www.bigmoneyquick.com. And, for Millionaire Secrets visit www.ezmoneyaz.com/millionairesecrets.php

Wealth Building ... A Combination of Strategies

While the following strategies can stand alone, multiple strategies can combine to obtain superior results. Adding the tax savings available to a business can go a long way towards maximizing what you keep. To quote Supreme Cout Chief Justice Learned Hand speaking of taxes, "we must all pay our fair share, and not a penny more" ... In addition, eliminating debt and saving thousands in future interest, plus creating passive income can help to create "The American Dream" ... financial freedom and retirement.

Wealth Builder # 1 ... Have Your Own Business

No matter what, if you don't have your own business today you are missing out on all the tax deductions that are allowed as incentives by the IRS code. If you are a W-2 employee, you are taxed to the tune of 44% to 55%, while the rich and the super rich are taxed in the single digits. Are they more deserving than you ... or are they just more educated.

Now even if you do own a business, one might think that their accountant would know and set them up with all the tax deductions that apply. However, what is the accountant's job? Isn't it to take the information you supply and fill out the paperwork so that there are no red flags? Not to take away from your CPA, but he has plenty to do ... and in all fairness ... most have a list of 10 to 50 deductions that they use to help their business clients.

Would you be surprised to learn that there are at least 330 possible deductions based on your circumstances, plus there are business structures that can shelter and protect your assets and give you additional tax advantages.

Wealth Builder # 2 ... Get Rid Of Your Debt

I had a Financial Professional tell me that he didn't think it was a good idea to pay off the mortgage because, after all it was the one place he could write off the interest.

Think about it ... how many people do you know that have to continue working in their "golden" years because they have to pay off their credit cards and other outstanding loans? Actually, you probably don't know because we think this is "normal".

The only people who look at their "liability portfolio" are those who can't afford to pay the minimum payments. Until now there was little incentive for a Financial Professional to do anything about it.

So, what about the family, making a decent living and still not living the "American Dream"? A family that has not ruined their "credit rating" and lives cautiously so that they don't get in trouble like half their friends!

Would you be surprised to learn that there is a "Program For Liability Management" that is saving people hundreds of thousands of dollars in future interest? Would you be surprised if this can be accomplished without paying any more than you are currently ... without anything more out of pocket?

Wealth Builder # 3 ... Create Passive Income

If you would like to retire, eventually you will need enough income to maintain your lifestyle. Our first wealth building strategy, "Have Your Own Business" can go a long way to make that happen. There are so many businesses you can create that can work for you while you are busy with your life. (Oh yes) they also give you those tax deductions since "it's not what you have, it's what you keep" that is going to go a long way towards giving you and your family the lifestyle you dream about ... plus if you have it, ask me about the doctor that saved about $1,300,000 in future interest.

Pensions from employment, Investments, Insurance, Annuities, IRA's (both regular and Roth) are just some of the ways that should be explored with your Financial Professional

Article Source: http://articles.tiptopweb.info


Bradley Financial Services are consultants that work with your CPAs, Insurance Agents, Financial Consultants and Attorneys and their clients. www.bradleyfinancialservices.com is one of the most informative websites you will find email:bmiller@bradleyfinancialservices.com

Multiple Sources Of Income: Turn The Trickle Into a Flood

Let's begin by thinking about what Multiple Streams of Income means. Multiple simply means more than one and Income is money or its equivalent received for work you have done, services you have provided or products you have sold. Those terms are fairly straightforward, but what is meant by "streams" of Income? If you and your partner both have jobs then does that mean you are getting Multiple Streams of Income? If you were to look up stream in the dictionary you would probably find references to a steady flow or current.

So yes perhaps a two-income family could be classified as Multiple Streams of Income as it is more than one income and it brings a steady flow of money into your bank account but this is not all that inspiring or revolutionary.

Here are a few thoughts to make this more exciting:

1. Change multiple from 2 to many more (20, 100, 200)
2. Change steady from being once a month steady to multiple times a day

Perhaps you can start thinking of a Torrent instead of a Stream. Multiple Torrents of Income.

And what could be better than Multiple Torrents of Income? You could have multiple torrents setup but they take up all your time and you can't enjoy the fruits of your labor. Three terms that you may like to consider are:

*Systemization
*Automation
*Residual Income

Michael Gerber has an excellent book which talks about working on your business rather than in your business and one of the key points he makes is having operating procedures and systems. You make it so that you repeatable procedures. In the book he is treating your business as if it was a franchise. This means if at some point in the future you wish to sell your business it is much more attractive if you are not integral to the business.

When it comes to systemization if you take a look at McDonalds they have systems that teach how to follow the procedures - the gherkins are sliced and placed in such a way so they don't fall out, the fries are heated to a certain degree and it is all made very simple so they can get fairly low-skilled people to do much of their work. You can apply the same in your own business so that you can focus your money on the areas which are hard to get done cheaply/well.

Systems are not just for other people but also for yourself so you can have a basis from which to follow - for example if you create websites then they can all follow a similar format.

Automation is very useful when you find you do something which is repetitive, complicated and/or boring regularly. We can take a very simple example - within Microsoft Word you might find you regularly type your company name XYZ Widgets Ltd - you could simply set up an autocorrect entry so you type in XYZ and it fills out the rest. There are many things that can be automated when it comes to computers - it can be done through macros, programming, scripts, and software.

This indeed is one of the big allures of selling products online is that you can set it up so you can sell a digital product and the person pays and gets instant access to the product and can sign up to your customer list which then immediately emails them the most common troubleshooting procedures and can also follow up to gather testimonials, to recommend upgrades, to promote products, services and affiliate products.

Residual income continues to come in after you have done the initial work. This does not mean there is not some additional work. An example might be rent on a property which continues to come in month after month. You may have to arrange repairs to the property and handle disputes but it is residual rather than linear income.

The final part of the equation to be considered is Other Peoples Time. Once you have procedures in place then you can get people to follow those procedures to build your business while you deal with the things that are going to bring in more money and concentrate on parts you enjoy. Commonly people are not great fans of tax and accounting so they hire people to do it.

You don't have to be a great web designer or programmer to be great at Marketing products online - in fact there are some well known "gurus" who have never done any web design in their life and wouldn't know how to either. The same thing applies to having a book in your name - "ghost writers" are nothing new and are not just for the big celebrities. Indeed all your research for your book can be done by other people too.

Being an author of a successful book can be a very good residual income as sometimes a book can sell well for many years.

Here's to Multiple Torrents of Residual Income (MTORI)!

Article Source: http://articles.tiptopweb.info


Mr James started My Business Tips Online (Melbourne) in 2006 providing business advice, tips, tutorials etc & regularly writes articles about his industry - www.mybusinesstipsonline.com

Investing For Your Retirement

Who wants to think about getting old! This is probably the most common reason given when individuals are asked about whether they have planned for their retirement. Of course no one likes the idea of getting old but there are several things that you can do to make sure you enjoy the later years of your life without the stress and hassle of financial concerns.

The popularity of 401ks are a great place to start. Make sure you are aware of how your money, in your 401k is being invested (if at all) by the investment company. This is particularly important for people who may have one or several 401k from previous work experience. It is advisable to seek out help from a financial advisor when dealing with 401k accounts because the tax rules and guidelines are complicated and mistakes can result in some fairly large fees.

Removing money or rolling over an IRA are both options in dealing with 401k accounts. But there are strict procedures and time limitations that have to be adhere to so that you will not have money withheld or a penalty applied.

Before the rollover process begins makes sure you research and decide upon the investment company you want to have your 401k funds place into. If you are currently working and that job offers you a 401k you can combined 401k's into a single fund. By not using an outside financial advisor you save time and money. Options of investments may include brokerages, banks, and mutual funds. You will need to get an IRA application form and learn the procedures to file a rollover request. Most IRA companies offer phone support and if you have any questions you should contact are representative.

Once you understand how a 401k rollover works and how to open and fun your IRA you ready to begin the process. Many IRA companies require that you have an account with them before the rollover. Yes this will cost you money but if you are satisfied with the company particulars and feel like you can trust their investment sense it is well worth the extra money.

A direct rollover is when the money from your 401k is deposited directly into the IRA. This is important because the government will not be able t withhold income tax from this money and therefore there is no extra fee associated with the rollover. Some institutions will actually send a check and if that occurs then the check can be directly deposited into your new 401k.

At 59 and a helf you can begin receiving benefits from your retirement funds. These may include IRAs and 401k's. It is advisable not to touch the money within your retirement accounts until you reach retirement age. This is because there is a 10% penalty fee if you need to access that money. However, if you are in need of money you can get a loan against your IRA. This keeps you sheltered from penalties and taxes and allows you to use your hard earned money.

Article Source: http://articles.tiptopweb.info


Mika Hamilton runs a website offering free investment tips and strategies for people looking to get started in the investment world. www.Global-Investment-Institute.com

What is the difference between art and making money? – Why Beethoven was poor….

In fact there is no connection in being an artist and having a lot of money. Art by it self does not give wealth. It is like any other profession. There are a lot of artist in the world and we could observe them in our recent history time which succeeded very much in their profession but they were hungry for food. Not only did they work on their profession they didn’t get any appropriate compensation for it.
Even today there are a lot of artists which do not receive the broad recognition in their country and in the world and they run into financial difficulties day by day.
So what is actually the true connection between art and making money? The difference is very subtle but it makes the whole difference. Making money is an art like any other art. In order to understand what art is let’s for a moment relates to the biblical description of what art is:
“A general description name for human activity which is not done but certain paradigm or constant action, obligating and predefined but is open for the judgment, interpretation and creativity of the artists and it is based upon his special talent. Further with that, it is done by rules and restrictions which in their realm the self creativity comes to life”

The emphasis is that making money it is not done according to a specific action or paradigm and it is open to the judgment and the interpretation of the artist. Making a fortune is like an art and it is necessary to understand and adopt the restrictions which it imposes in order to act creatively. So in order to develop our talent in being rich we need to understand the following:

-Restrictions
-Creativity
-Will/Desire
-Flow
-No destructive self criticism
-No emotional attachment
-Planning
-Patience

These are only part of the characteristics which an artist has and we should adopt on the way of becoming an artist in the making money field. If we check the character of Warren Buffet we will find out that these qualities are present in a strong manner. Awareness to these characteristics is part of what will help you reach the desired abundance. The next stage is to learn the action and thinking by the 3 level approach (physical/mental/spiritual)

Article Source: http://articles.tiptopweb.info


artofmakingmoney.info Igal Abraham – Wealth builder specialist

Women Are Looking To Build Wealth And To Have Financial Freedom!

Women are discovering that money is power. They are now learning how to earn it, accumulate it, invest it, spend it and manage it like a professional.

According to a special programme presented by BBC Radio4's Money Box which looked at women and finance they revealed that within 20 years women will control 60% of the personal wealth in the UK, claimed research published earlier this year. There are also 24% more women millionaires under the age of 44 than men, the report added.

This is a trend occuring in the United States and also here in Australia. However, there is still some catching up to do according to Forbes.com of 497 billionaires on the Forbes 'World's Richest People' only 35, or 7% are women. Among them, only one is self-made. The other women on the list inherited money and in some cases whole companies, from their fathers or husbands. The reason being is that equal opportunity for women has only been around in the last 20 years.

Women now starting to take control! Women now are experiencing more opportunities, education and financial independence. If they need any reason to have control of their own money, here are some facts that may surprise you.

Women are marrying later, however, the money mistakes that are made early can linger into marriage and causes stress. With divorce dissolving almost one out of two marraiges, money is the leading cause of all divorces.

The poverty rate among children quadruples when they live with a divorced mum instead of married parents. When women are left to bring in the income, raise children and manage a home there is no time left whatsoever and the money does not go very far.

Women outlive men by an average of 7 to 9 years, many of them spending the better part of the last decade of their lives on their own. But many are widowed long before retirement. The average age when a woman is widowed is 56.

The income of widows drops 44% within three years after a husband's death, due in part to the loss of the husbands private pension benefits. Social security is anything but secure.

These statistics indicate that women must learn to become financially literate and take control of their financial destiny. It is a known fact that a lot of women have not been raised with the same thought processes around money.

Men and women think very differently about money. The way girls were taught and conditioned about money was different than how boys were 'initiated' into money matters. Not that boys are given any better training about money! But the presumption was they had to learn financial responsibility as they approached adulthood.

Our culture doesn't automatically support women in gaining financial competence. Worse, we draw much of our training from the media or people who are not skilled in money matters.

Building wealth is all about money and money is a highly charged, emotional topic. Most women function better in a non-threatening, non-confrontational learning environment that doesn't intimidate them. Women need to seek out education and mentors they are comfortable with to develop their confidence around money and give them the steps to build wealth.

Building wealth is all about having a system that implements fundamental steps that once you have learned can be applied to create wealth. These steps are crucial to achieving your Financial independence.

It is never too late to build a financial wall around you and your family that nothing can get through. This would be referred to as financial security. We call it your Financial Freedom Day! It is the day when you have enough assets that pay for all your expenses now and in the future. The quicker you identify your financial freedom day the better. It does not have to be 10, 15, 20 or even 30 years down the track. It is not unrealistic to have a Freedom Day of between 3-5 years. It is the day that you can travel with your family when and where you like with no restrictions, afford the home you want, put your children into the schools you desire and teach your children there are no limits.

Financial independence is having an asset base which generates the income to not only meet your needs but to create a lifestyle that you dream of. You do not want to be relying on anyone for your financial independence, the government, your employer, your partner, your husband, your family. Financial freedom changes your life!

So now you ask; how? How do I set a financial freedom day? How do I achieve fianancial independence? Ask yourself At what age would you like to be financially free?

You need a system. A proven, step-by-step, time tested system comprising of 8 fundamental steps to building sustainable wealth. All entrepreneurs have a system to build wealth.

The system 8 fundamental steps are as follows: -

1. Financial Conditioning
One of the first areas that must be looked at is your mindset with regards to money. Your mindset is a result of your financial conditioning, you must be aware of your conditioning and the impact it has on your potential to create wealth. You must be able to make the changes necessary to bring money and wealth into your life. We have been conditioned about our money beliefs from a very young age from people around us that loved us very much, like our parents, grand-parents, teachers, coaches, peer support leaders and other family and friends. They only know and understand what they have been taught about money from the family that raised them.

Start to think about the language that was used in the home when your were growing up. Was it "money doesn't grow on trees" or "no, we can't afford that" or "Do you think we have a money tree growing in the yard" or "I'll put that away for a rainy day" or "Money isn't everything" and finally "Money is the root of all evil". These are just some of the beliefs that have been handed down generation to generation in countries all around the world.

We encourage you to sit down and write down some of your beliefs around money. Also, ask your children whether they hear your limiting beliefs around money and what are they.

2. Financial Baseline
Your financial baseline is all about identifying where you are right now with your finances. You must take a look at the reality of your present financial situation. Start today, from where you are right now. It might be a little scary or fearful. You cannot get to where you want to go without knowing exactly where you are today. Start asking some very basic questions like How much money do you currently earn? How much money do you spend? For how much, and to whom are you in debt? Do you have anything set aside in savings?

Just remember, what you did yesterday, last month and last year does not have be indicative of what you are capable of doing in the future. The most important thing you can do is take stock of where you are right now!

Also, how do you keep your financial records. Do you keep things in a shoe box and only empty it out once every year. Do you have piles and piles of paperwork everywhere. Do you have a filing system set up? If you don't have your finances organised then you will not have a good clear picture of your financial baseline.

3. Financial Freedom Day
Millionaires always have a plan. They determine their financial goals and take action to make them happen. Your Financial freedom Day is the day when you've reached your financial goals. To determine when your Financial Freedom Day is you need to know what your vision is. Your vision is a picture of how you want to be living sometime in the future. In order for you to be motivated and move towards your vision it must be exciting, realistic and must never compromise your valuues. You must also excercise no limit thinking. There are 3 things you need to clarify in order to declare your Financial Freedom Day. They are your monthly cashflow, your total net worth and the day, month, and year that you want this to occur.

4. Managing Your Lifestyle Choices
Managing lifestyle is all about managing your debt levels. It is about creating a debt elimination plan that will eliminate credit card debt. There is good debt and bad debt. Bad debt is debt associated with lifestyle choices. It is where you're using your income to increase your liabilities. Good debt is debt that is acquired through the purchase of assets, assets that are then invested to produce passive income.

5. Foundation of Your Wealth Cycles
A wealth cycle is a process whereby you are paying yourself first before paying anyone and anything else. This ensures that money is being allocated to your asset column. It is something that is ongoing and the purchasing of assets does not just happen once. A wealth cycle also includes an understanding of entity structuring for the purpose of protection and tax. You must also make a decision about the type of investor you are whether you are active or passive. You must also develop some money rules and stick to them.

6. Acceleration fo Your Wealth Cycles
This is all about education. You must educate yourself in the areas you want to invest whether it be stocks and shares or real estate or international securities or commodoties or collectibles. Seek mentors and coaches that specialise in those areas of wealth creation.

7. Leadership of Your Wealth Team
No-one creates wealth without a team around them. No more 'Lone Ranger' you must surround yourself with team. Leadership of you wealth team is one of the most under-discussed areas of leading your wealth. Make no mistake, you are the leader of your wealth team, whether you realise it or not. Your job is to inspire, motivate, hold and communicate the vision to all of those on your team.

8. Creating Sustainable Action
Keep taking action each and every day. You must every night right out a list of revenue producing activities. You must work towards your Financial Freedom Day, every day. Even if they are small action steps it does not matter.

Expand your knowledge in these 8 fundamental steps through education, mentoring, coaching and acquiring specialised knowledge and it won't take you long at all to achieve levels of wealth you never thought was possible.

Article Source: http://articles.tiptopweb.info


Trish Davies, B.Com ASA, is an Accountant and teaches financial literacy to women. Visit our site at www.wealthoptionsforwomen.com and sign in for your FREE video now!! We are dedicated to teaching women the facts about building wealth. Visit www.wealthoptionsforwomen.com

Incorporation Template: Helpful But Not A Replacement For Human Experience

Use the incorporation template only to get an idea of what is required. Business incorporation services are being provided by several individuals and firms throughout the world. The individuals and firms providing these usually also provide incorporation info, online incorporation services and various templates to their clients.

These firms and individuals are seasoned professionals and can understand your requirements even better than you do, because they know the alternatives available.

They can guide you, advise you, complete all relevant documentation needed for the incorporation of your business and can even file these documents with the concerned regulatory agency on your behalf.

In certain jurisdictions the first meeting of share holders and members is of immense importance and must take place in the stipulated time and format to ensure the granting of the certificate of commencement of business.

Companies that offer resources for incorporation have all the instruments and experience to guide you in arranging the first meeting of members or they can simply arrange such meetings for you.

Some of the incorporation services are available online also. Online incorporation and provision of online incorporation info have seen an increase in the past couple of years since more people are accessing the internet every year.

Businessmen choosing offshore incorporation also tend to save money which could be spent by traveling to the offshore location, or by contacting an online incorporation services provider and appointing him as an agent for the incorporation of the business.

A benefit of the internet, apart from the cost of incorporation of businesses is that you can get professionals from the same territory where you are planning to incorporate your business.

This ensures that the concerned professional has all the knowledge and experience to fulfill your requirements swiftly and smoothly. Incorporation template means a specific incorporation form provided by an internet online incorporation services provider, the relevant registration or regulatory authority or by someone else. You can check the one available at [taxhavencompany] for a Seychelles company formation.

The incorporation form can be filled and submitted to the authorities for registration. New order forms e.g. for a Mauritius incorporation template [Right click to download this PDF file] can be taken as an example and usually include the following particulars:

* Choices for names of the company being incorporated. (usually 3 to 5 choices are provided)

* State where the business will be incorporated

* Location of registered office

* Particulars of the shareholders of the company

* Particulars of directors and other officers

* Registered agent for your company

* Nature of business; and

* Type of Business Entity

All of these requirements are listed and spaces are provided to fill your applicable answers and then submit the filled out incorporation template to the relevant authorities for registration along with the requisite documents, attachments and prescribed fee. If all the requirements are duly complied with, your company will be registered.

Another example is the sample of articles of incorporation template. It contains spaces or blanks for easy identification of the places where you need to fill in your details. These are registered in the same manner as all the other documents.

You can easily find incorporation templates on the web which can be used readily and are provided for free by various organizations. But you should also take care when filling them out that you have fulfilled all your legal responsibilities and should always consult a professional in the jurisdiction where you are about to incorporate your business.

Article Source: http://articles.tiptopweb.info


Ramapati Singhania specializes in creating and managing web businesses. His latest website www.incorporation-offshore-saves-wealth.com focuses on helping you to incorporate offshore companies in Seychelles, Mauritius and BVI. You can also visit his blog, www.ramapatisinghania.com

5 Important Steps To Help You Achieve The Success & Wealth You Want

A lot of people dream of having wealth and success, yet it is only a few who can take this 'dream' further and actually work towards achieving the success and wealth they desire in their lives.

For you to be wealthy, you need to be ready, willing and able to work hard for it.
So what are the 5 steps to follow in order to get what you want?

1. You must know exactly what you want.
How can you achieve something if you do not know exactly what it is you want to achieve? It is important for you to know precisely the level of success and wealth you want. Your goals must also be 'smart' goals (specific, measurable, achievable, realistic and timed). Wanting to achieve some level of success and wealth is a natural human being's instinct - but you will need to specify the goals and targets you want to achieve. Write down your goals and priorities; and specify all the actions that you will need to take in order to achieve these goals.

2. You must want it badly enough.
If you really want something, you will get it. If you fail to get it, then you do not want it badly enough. If you really want to achieve some level of success and wealth in your life, then nothing can stop you from achieving that. You must have strong desire and commitment to work towards achieving that which you want; and any setbacks and challenges you will face will not hinder you from ultimately getting what you want.
You will need to be very optimistic, focus on 'potential' and not 'problems'. Try to visualize the best possible outcome and benefits of what you want to achieve; and let this keep you motivated and energized while you work towards your success and wealth goals.

3. You must believe that you are going to get it.
Your mind and attitude are your greatest assets which can help you achieve the success and wealth you desire. Your thoughts influence what you can achieve in your life, so you must have positive thoughts and attitude. It is very important that you make the future happen in your thoughts; and this will guide you towards the success and wealth you want. It is equally important that you stop any counterproductive habits that interfere with your efforts.

4. You must be persistent and focused
Persistence is one of the very important traits that you will need to achieve your goals of being wealthy and successful. A lot of people give up their success and wealth dreams simply because they are not persistent. When you face any hurdles, find solutions for them. If you experience a setback, get yourself up and keep on working towards your goal. By diligently working towards your goals everyday, you will get the level of success and wealth you want.

5. You must be dedicated to work hard
Success and wealth can be easily achieved by those who are prepared to invest the necessary dedication and effort. Without your dedicated effort, then you will not achieve your goals.

After you have decided on the goals you want to achieve, you need to follow through with some action. Implement the plan which will help you achieve your success and wealth goals, review your progress, overcome any obstacles that come in your way, and be committed to working hard. Celebrate every victory you achieve, enjoy your achievements and continue to work towards the success and wealth you want.

If you want success and wealth in your life, set your goals, work hard towards achieving the goals, be persistent and most importantly, believe that you will get it!

Article Source: http://articles.tiptopweb.info


Simon Heald is an Internet Marketer who has become successful generating multiple streams of income. To succeed too, try his websites out! www.1st4homebiz.successuniversity.com/slim www.mysuccessuniversityblog.com

Money & Wealth - 5 Important Tips For Achieving Financial Security

With a high cost of living and a lot of things you want to have; what you earn from your job may not be enough for you. Every month, after paying your mortgage, credit cards and other monthly bills, there is little money left for your other needs.

So, what can you do to change this situation? What are the key rules of personal finance management do you need to adhere to?

1. Set some financial goals to achieve. Although it is hard to believe, there are a lot of people who have no financial targets or goals, in spite of being highly in debt. What do you want to achieve financially this month or this year? What are the key aspects about your financial situation that you would like to change? How much money do you want to have in your savings account by the end of the year? For you to set down effective goals, it is important that you first make a detailed assessment of your finances. You must know all your expenses versus your income. Decide on where you can save some money. Once you have set up your goals, follow them starting today, and stay on course. Review these goals as you go on, and adjust them as necessary. Set down specific, measurable and realistic goals. To motivate yourself while working towards your goals, visualize what you can get if you improve your finances - maybe a holiday, pay off your debt, a new car or pay off your mortga!ge.

2. Be in control of your finances. This is a critical step if you want to be wealthy. In this world of consumerism, it is very easy for you to want more than what you can afford. These days, it is normal for a person to have 2 or 3 credit cards. Cut on all the unnecessary spending and be more vigilant with your savings. Avoid using your credit card - make an effort to live within what you earn; if you can not afford it, do not buy it. Do not buy on impulse and look for price discounts when you go shopping. Keep a monthly track of your spending, and always search for ways to cut down costs. Prioritize paying any debt that you are able to pay off. Interests on debt are very costly, and you can save some money by paying your debt off.

3. Find ways to earn more money. A lot of people spend all their lives 'enslaved' to their jobs and wages, although what they earn from the job is not even enough to meet their needs. You can never become wealthy as a wage earner, fully dependant on your wages. How can you get out of this situation? Set aside some savings. Start a home based business using some of your savings. The idea is to use your money or savings to earn you more money. This is a sure path towards your financial security. Having your own home business is very popular these days. If you start the right and proven home business, then it can potentially earn you a lot of money in the long term. Be prepared to invest some money into your home business. If you can not start a home based business, then find ways of advancing your career so that you can earn more money. Besides earning more money, a home business can also help you achieve a better work - life balance in the future as you can be your own boss, ! earning money in the comfort of your own home.

4. Seek help from professionals or experts if you need it. There are experts who are available if you need help to start working your way towards financial security. If you can not make a start towards cutting your costs, saving more money or starting a business idea that can help you achieve your financial security; then it is recommended that you seek help from the relevant professionals. You can get professional help to assist you improve your financial situation and earn more money.

5. Have the right attitude! This is obvious, but a lot of people are not aware that in order to earn more money and to be wealthy, you need to have the right attitude and thoughts, which will then guide you towards your goals. Maintain a "positive" and "prosperous" attitude while seeking your financial freedom. If you believe that you will be wealthy and can earn a lot of money, then you will! Have a strong desire to improve your financial situation, and be committed to work towards your financial freedom.

Anyone can be financially secure. Start by setting some goals to help you earn more money and become wealthy. Cut down on unnecessary expenditures, save some money, start your own business, seek help from the experts if you need it and have the right attitude. Follow these guidelines and become wealthy!

Article Source: http://articles.tiptopweb.info


Simon Heald is an Internet Marketer who has become successful generating multiple streams of income. To succeed too, try his websites out! www.1st4homebiz.successuniversity.com/slim www.mysuccessuniversityblog.com

Linear Income Versus Exponential Income Growth

When you focus only on increasing your value per hour and the time you spend, your income increases in a linear fashion.

There is a limit to how much you can earn a month, since there is a limit to the number of productive hours you can work. You are literally just selling your time for money.

For example, even if you are a top lawyer who earns $300 per hour and you can only work a maximum of 180 hours a month, your maximum earnings would amount to only $54,000 a month or $648,000 a year. Now you may say to me, 'Adam, that's not bad at all!' Sure, but why set a ceiling on your earning power?

However if the lawyer were to use the power of scalability by magnifying and multiplying his value (legal advice), then he could earn five to a hundred times more in that same twenty-four hour period.

Scalability is what separates the upper middle income earners and the rich from the truly super rich. Scalability explains why someone can make 100 times more money within twenty-four hours than anybody else.

Many people have the perception that you can only achieve scalability when you are singer, movie star, sports star or a famous celebrity. Absolutely not!

You can achieve massive magnification or multiplication in any profession, whether you are a chef, garbage collector, lawyer, doctor, teacher or software programmer.

When you fully utilize the power of (value x time x scalability), your wealth will grow exponentially. Let me give you examples of people who have created massive wealth as a result of understanding the power of this formula.

I am sure you have all heard of Colonel Harland Sanders. He is the portly Southern American 'gentleman' the life-size statue fronting all Kentucky Fried Chicken outlets to greet patrons.

Of course Colonel Sanders is a multi-millionaire many times over but do you know that before KFC, Colonel Sanders had found himself at 65 years of age totally broke with nothing but a social security check for $105.

But in less than ten years, at age 73, he had become a self-made multi-millionaire and a household name! How did he achieve this? By being one of the first people in the world to understand the power of multiplication!

Colonel Sander's tremendous value came from his ability to innovate great tasting chicken that people love to eat. How? By developing his secret blend of eleven herbs and spices and insisting that all his chicken be pressure cooked for hours, something that most other chefs were not willing to do.

In fact, Sanders was so insistent on the superiority of his recipe that he refused to sacrifice taste by cooking his chicken quicker. Remember, when you do something out of passion, do more than expected and think of the value you give to others, money will come naturally.

However, initially Colonel Sanders, though he worked day and night selling his great tasting chicken from his restaurant in Corby, Kentucky, never became wealthy. Why? He had the power of (value x time), but he lacked the scalability factor.

It was in fact a twist of fate that got the Colonel thinking of how he could massively scale his value. One fateful day, the government built a highway that diverted all the hungry motorists away from his business. As a result, Sanders was forced to close the business down and that's how he found himself broke at age 65.

Instead of giving up, he came up with the fantastic idea of approaching restaurant owners all over the country to offer them his secret recipe for their use. In return, he would get a percentage of the profits for every chicken they sold.

Within a few years, restaurants all over the country were selling thousands of chicken everyday, using his recipe!

Through his franchising concept, he received thousands of dollars in checks every month. He multiplied his value a millionth fold as a result and at age 73 he could sell his business for $2 million. Remember this was in 1963 and that was a huge sum of money (equivalent to over $10 million today).

You see, when you scale your value, your wealth and success will increase exponentially! Think of ways you can scale your value immediately!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Debunking the Myths of Money

The truth is that many of these beliefs and attitudes that some people hold have about money are nothing but inaccurate generalizations and excuses that keep them from living a truly a happy and wealthy life.

In order to truly align your mind to wealth creation, you must debunk these negative myths and really look at the facts.

Myth: Having a lot of money will change you (into a bad person).
Fact: Money is a personality magnifier. It brings out the true person within you. If you are a selfish and nasty person by nature, having money will make you even more nasty and selfish. However, if you are a kind, generous and loving person deep down inside, money will magnify your goodness.

Myth: Money isn't everything.
Fact: This is the top excuse given by poor people who are in denial. The truth is that everything is money. Without money, you cannot maximize other important values such as family, career, health, spirituality and relationships.

Myth: Money will make you less spiritual
Fact: If you are by nature a spiritual person, having money will allow you to touch more lives and help you do more of god's work. In fact, the wealthiest people in the world are extremely spiritual. Not having to worry about money anymore allows many of the rich to focus on the more important things in life. Many truly wealthy people believe they don't own their money. They are just custodians of God's wealth.

Myth: Rich people are materialistic. They worship money.
Fact: It is the people who lack money who worship it. Who works all day, year after year in a job which they hate, just for the money? Who are those who constantly sacrifice their health and family to make more money? In fact, the rich rarely work because of money. They work because of passion and a sense of personal mission. Bill Gates, Warren Buffett, George Lucas, Michael Jordan & Steve Jobs certainly don't work for money, they don't need to.

Myth: To have more money, I will be depriving others of it.
Fact: When you become rich, you actually create more wealth for other people. Wealth multiplies into more wealth. Bill Gates is the richest man in the world because he has created the most value in people's lives through the creation of Microsoft and Windows. Because of his invention, so many more millionaires have been created as a result. Think about it, if Microsoft Windows, Word and Excel did not exist, would you have been able to create as much wealth as you have today?

Myth: Money is the 'root of all evil'.
Fact: The lack of money is the root of all evil. The number one cause of murder, cheating, stealing, lying is poverty (the lack of money)

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Why Madonna Earns More Than You

Let me pose you this question. Between a pop star like Madonna and a heart surgeon, who creates greater value in a person's life?

Of course it is the heart surgeon! The heart surgeon has the ability to save a person's life whereas Madonna can only make a person feel good for a couple of minutes.

Why then is Madonna paid 100,000 times more than a heart surgeon? What does Madonna have that the typical heart surgeon does not have? The answer is the 'scalability factor.'

The scalability factor is the final and most powerful component of the income formula. It is what separates the rich from the super rich.

The scalability factor is the extent to which you can MAGNIFY or MULTIPLY the effects of your value. It is the extent to which you can leverage your value & time.

The Power of Magnifying Value

For example, for three hours work, how many lives can the heart surgeon save? He can probably only save one life. He creates tremendous value, charging probably $20,000, but he can only touch one life.

In that same 3 hours of performing in a concert, how many people does Madonna's singing benefit? Thousands and if it is broadcast live, maybe even millions.

So the value she creates is magnified tremendously whereas the surgeon does not have the power of magnification.

The Power of Multiplying Value

If Madonna were to spend three hours singing a series of songs in a studio and in were to be recorded on a CD, how many times would she get paid for it?

The answer is multiple times. Every time that CD is sold, she would earn a percentage of money, called a royalty.

If that CD album sold a million copies a year, she would get paid $5 million over and over again every year. In this case her value of singing is multiplied many fold!

As for the heart surgeon, he would be paid only once for the operation. Must you keep paying him royalties every year in order to keep your new heart?

Of course not! As a result, he does not experience any multiplication effect at all.

So, as you can see, a person's income can massively increase when multiplied by the power of scalability.

INCOME = VALUE X TIME X SCALABILITY

Many people have the perception that you can only achieve scalability when you are singer, movie star, sports star or a famous celebrity. Absolutely not!

You can achieve massive magnification or multiplication in any profession, whether you are a chef, garbage collector, lawyer, doctor, teacher or software programmer.

When you fully utilize the power of (value x time x scalability), your wealth will grow exponentially!

So start keeping track of how you send your time each ay and focus more of your time on high value creation activities and your income will increase.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Money is a Game... You Must Learn How to Play It

You see, making money is a game. If you learn the rules of this game, money will flow into your hands. If you do not play by the rules, you will struggle all your life financially despite working very hard.

Haven't you ever asked yourself why some people earn five times, ten times or even twenty times more than others? Is it because they are twenty times smarter? Is it because they work twenty times harder? Or are they many times luckier? The answer to all these questions is a resounding 'NO'!

I am sure you know people who seemed to be much lazier than you in school and had poorer grades but now they are so much more successful financially. Although their school report card used to be chockfull of 'F's, their financial report card carries straight 'A's. Why?

The only reason is because they know how to play the game of money whereas most people have not learnt how the game is played.

You see, none of us are ever taught how to make money, how to invest money or how to manage our wealth and yet money is the most important subject in our adult lives. Although many people say that 'money isn't everything', that's only a half -truth.

The truth is that 'everything is money'! In order to achieve excellence in the different areas of lives like our health, relationships and family, we need to be financially secure!

The traditional education system (thank God it's changing) never taught us how to be rich but instead brainwashed us into becoming poor.

We are taught beliefs like 'study hard, get good grades and a good job and you'll be set for life!', 'investing is risky', 'don't play with stocks or you'll get burnt', 'don't be so money-faced' or 'don't be so stingy'.

As result of all the wrong anti-wealth advice, most people work hard all their lives, going around in circles in the rat race and ending up broke and unhappy.

However, a fortunate few eventually learn that wealth is not made by just getting a good job and working hard. It takes a different way of thinking and a totally different strategy.

Those that learn this lesson get out of the rat race and onto the path of financial abundance and freedom.

Some people take ten years to figure this out, some take thirty years and some never figure it out until it is too late. Don't make the same mistake!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Your Time is Money

Besides taking steps to increase your value, you must also increase the time you spend creating value to boost your income.

If you are self-employed, then you are usually paid by the hour or by the job. So obviously, when you work longer hours and more days, your income will increase!

Now you may be saying to me, 'I am already working 18 hour days! How much harder can I possibly work?' Or if you are working for somebody else you may be thinking, 'this does not apply to me.'

As an employee, my hours of employment are fixed from 9am to 6pm. I do not get paid more for working longer hours.

Well, when I talk about increasing the time you spend creating value, I do not necessarily mean that you must work longer hours.

Rather, you must spend more of your time only on activities that create the greatest value that generate the most profits for your company.

Whether you are an entrepreneur or an employee, you will have a list of things that you must do daily as part of your role.

You will find that not all the things you do create the same amount of the value. There are some activities that create high value while some activities are low in value.

In fact, I have discovered that for most average income earners, they only spend 20% of their workday doing truly high value creation activities while they spend 80% of their time on low value activities like checking email, attending unproductive meetings, chit chatting, complaining, waiting, finding lost items, stuff that does not generate profits or help clients meet their goals.

High-income earners are the opposite. They tend to spend 80% of their time on high value creation activities like business development, closing sales, innovating new revenue streams, marketing strategy, following up with prospects, strategizing on how to improve productivity, managing projects, getting feedback from clients, stuff that lead to high customer satisfaction and higher profits!

So start keeping track of how you send your time each day and focus more of your time on high value creation activities and your income will increase.

Successful people will always focus on doing the things that create the most value because they understand that they can only have a certain and limited amount of time in a single day and they want to maximise that time as much as they can.

Spend your time on high value activities and you will maximize you income, making you a millionaire in no time.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

How to Increase Your Value

Over the last few years, I have interviewed people who were among the highest income earners in their industry and people who were the average income earners.

Sure enough, I found that age, experience and academic qualifications had nothing to do with their price tags. It depended on how much value they created for their company and for their clients they served.

I want to give you an example of two account directors from an advertising agency. Their jobs entail managing the client's advertising accounts.

A is paid $4,000 per month while B is paid $12,000 per month. Why is one paid 3 times more than another? Lets take a look at the difference in value they create.

Account Director A, Age 46. Income $4,000/month

- Waits for company to assign to clients
- Takes advertising brief from the client
- Instructs the creative team
- Executes ads within deadline
- Manages assigned client well
- Creates gross profits of $20,000/month

Account Director B, Age 33. Income $12,000/month

- Actively networks, makes cold calls & sets at least one new appointment a day
- Actively develops new business & finds his own clients
- Takes the advertising brief from the client
- Develops more marketing ideas that convinces the client to increase the advertising budget.
- Brainstorms & develop a powerful campaign by leading the creative team
- Executes ads and other marketing tactics within deadline
- Tracks the success of campaigns & start developing a follow up strategy to sell to the client
- Uses successful testimonial to secure even more clients
- Creates gross profits of $150,000/month

It is clear why manager B gets paid so much more than A, despite being so much younger and less experienced.

Manager B creates so much more value for the client, and hence generates a lot more profits for his company.

Similarly, your income is determined by the amount of value you create for your clients and your company. You can have all the experience, all the MBAs, all the intelligence but if you do not create value, people will not pay a high price.

So how do you create value?

There are only two ways you can create value for your clients. Either

1) Help them reach their goals faster and easier

2) Help them solve their problems faster and easier.

The more you can do this, the more they will be willing to pay for you!

Similarly, there are only two ways you can create value for your company. Either

1) Help the company increase sales Or

2) Help the company to reduce costs. This will increase the companies profits. You must understand that all businesses have only one major goal, to make more profits every year.

The more profits you can help your company make, the more you will be worth!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

The Greatest Money Making Asset That Will Make You A Fortune

So what is this one asset that all of us already have at our disposal?

No, it's not your double degree, MBA or PhD. from the best universities. And no, it's not the inheritance the 'lucky' get from rich dad, rich uncle or rich grandma to kick-start their business.

No, this asset is so powerful that it will not just give you a 4% return like the bank or even a 20% return which you would expect from the stock market.

This asset has the potential to give you infinite returns. In fact, it can, if passionately developed, give you a 1000% return on your time investment.

This asset is your mind, also known as your intellectual asset!

When you invest time and money to expand your knowledge and skills, especially your financial education, it will return you millions of dollars in income streams for the rest of your life!

You see, when you decide to spend your cash on a possession like a brand new car, you only get to use that vehicle for 10-15 years and when the car gets too old, what do you do?

You scrap the thing. In the end you have nothing to show for all the money you poured into buying that latest model Ford.

But when you invest in yourself, in your mind and in your education, it's an entirely different story. The moment you invest your time and money to learn new things, you will never lose it!

Because the moment you learn something, you can use and apply it again and again and again and you need never have to pay to use that knowledge ever again.

That knowledge will stay with you forever unlike your brand new car. So which one sounds like a better investment?

In the past, the majority of a company's assets were made up of physical stuff like machinery, plant, equipment and land.

You would value a company by adding up the book value of all its fixed assets. Today, over 90% of a company's value is in its intellectual assets! Look at Google, Microsoft, Nike, Berkshire Hathaway or Ebay.

They are worth billions of dollars and generate hundreds of millions of dollars a year and yet they hardly own much physical assets.

If you were to add up the total value of their factories, bank account, inventories and office equipment, it would make up less than 5% of what the company is worth.

In fact, Nike doesn't even own many factories. The wealth of these companies lie in the ideas of the people working there.

The same thing goes for you! Over 90% of your wealth is not what you have in your wallet or in the bank, it is the ideas that you have in your head!

In the information age of today, one great idea can be worth a billion dollars. That was how a kid in blue jeans with no money, working out of his adopted parent's garage could become a multi-millionaire at age 25 (Steve Jobs, CEO of Apple Computers).

So, whatever your passion and purpose, start activating your greatest asset and learn precisely how to create, control, multiply and manage your wealth.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

How to Double Your Company's Profits in Less than Six Months

Many have people have asked me, 'what can I do to increase my company's sales and profits?' Whether you are an entrepreneur or an employee, I am going to share with you a formula that you can use to double the profits of your department or company within less than six months. I call this the Profit Multiplication Formula.

In any kind of business, profits are only determined by five variables: Leads generated, conversion rate, average dollar purchase, average repeat business and net profit margins.

Leads represent the number of potential customers or prospects that the company generates through walk-ins, inquiries, cold calls & recommendations. Let's say that out of every ten prospects, two eventually end up buying, this means that the company's average conversion rate is 20%.

So, if you multiply the number of leads generated a year (also known as prospects) by the average conversion rate, it will determine the number of customers. This is illustrated below.

Leads
X Conversion Rate
= Number of Customers

Now, some customers may spend more money and others may spend less, but there is always an average dollar purchase per customer. At the same time, some customers may only buy once while others may return to buy several times a year.

This is known as the average repeat business per customer. If you multiply the number of customers by the average dollar purchase and by the number of repeat business, you will get the annual sales revenue of the company.

Leads
X Conversion Rate
= Number of Customers
X Average Dollar Purchase
X No. of Repeat Business
= Sales Revenue

Now, assume that your company's sales revenue is $100,000 a year and the total cost of production & overheads are $80,000 a year. This means that the company's Net Profit Margins are 20%. If you multiply the Sales Revenue by the Net Profit Margins, you will get the company's net profits for the year.

Leads
X Conversion Rate
= Number of Customers
X Average Dollar Purchase
X No. of Repeat Business
= Sales Revenue
X Net Profit Margins
= Net Profits

In order to create value to your company and increase its profits, you must either increase leads, conversion rate, average dollar purchase, number of repeat businesses and/or net profit margins.

Now, the number of variables you can influence will depend very much on the role you have in the company. If you are the owner or are a department manager, chances are you can take action to increase all five variables and massively create value. If you are a salesperson, then you can influence leads, conversion rate, repeat business and dollar purchase.

If you are in operations, you can directly influence conversion rate, number of repeat businesses and net profit margins. If you do your job really well and exceed client's expectations, they will keep coming back and spending more. If you can work more efficiently and come up with strategies to improve the operational efficiency, margins will increase!

To what extent can you increase your department's/company's profits? Let's take a look.

Do you think it is possible to increase each variable by 10%? Of course! It is only a question of testing out different strategies and taking action!

Do you know that just by increasing each variable by 10%, profits jump 61%! This is the power of compounding. Small consistent increases in each variable create huge effects to the bottom line!

But this is not challenging enough. Now, think what can happen if, through innovation and hard work, you can help increase each of your company's variables by 20%.

When you increase each variable by 20%, profits more than double (149% increase)! Excited yet? You should be. A small increase in each variable will more than double your profits. If you're serious about doing that, take action and apply this right now!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Millionaire Habit 4: Delayed Gratification

What keeps most people from becoming rich is the habit of wanting instant gratification.

Instant gratification is the habit of always wanting to enjoy now and not having the patience to wait for future benefits.

As a result, these people spend a lot more than they invest.

By spending on that new car, new widescreen television set or designer watch they get instant gratification.

When it comes to investing in books, seminars, stocks or insurance products, they will think twice as they have to wait for future benefits.

It is precisely for this reason that whatever money comes into their hands will soon be frittered away and not multiplied.

People who want instant gratification will always look for quick and easy ways of making money rather than building a sustainable business that adds value to (repeat) customers.

They tend to cut corners on quality and deliver shoddy products to save money and boost short term profits. As a result, their profits rarely last and they will soon go out of business.

At the same time, those who desire instant gratification lack the patience to allow their money to grow and compound through investing.

When they don't see huge sums of money in a few weeks, they abandon their investments and never get to reap the benefits.

They have no patience to wait for the seeds they sow to grow into huge money trees that bear fruit.

On the other hand, all millionaires adopt the habit of 'delayed gratification.' They have the patience to wait for greater abundance in the future.

Whether in business or in investments, you must have delayed gratification in order to create massive wealth.

People with delayed gratification invest a lot more than they spend. Again, they know that by spending a dollar, they may feel good for an instant, but their future wealth will be destroyed.

When it comes to spending money, they are extremely frugal. However when it comes to investing, they do not think twice about writing a check for a few thousands dollars.

They know that through patience, that money will multiply into a future fortune.

Millionaires never take shortcuts in business. They look at always giving the best value to their customers, even if it means earning less at present.

They know that by building their reputation, it will lead to huge profit streams in the future.

So, develop the habit of delayed gratification and spend wisely and you will see your money multiply.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Do Exactly As Expected and You Will Soon Be Out of Business

As an entrepreneur today, you must do a lot more than expected in order to run a successful business and create wealth! In the past, economies were a lot less competitive. In the past, when a business performed below customer's expectations, they would be struggling to break even.

If a business met their customer's expectations, they would make good profits. If a business exceeded their customer's expectations, they would become a market leader and would earn huge profits!

Why do over 90% of businesses fail today? It's because markets have become so much more competitive. If you start a retail store, you are competing with hundreds of others, both locally and internationally!

Today, if you perform below customer's expectations, customers will never come back and you will go bust! Today, if you meet customer expectations, you will still be struggling to survive! Why?

This is because hundreds of other businesses can also meet your client's expectations, and some of them do so at half your cost. You will find that you will be competing on price most of the time and will earn so little that it is hardly worth your while.

I have seen so many business owners struggling to break even simply because what they offer is the same as every other business in their industry. In today's marketplace, if you exceed your client's expectations, you will only earn nominal profits because many businesses already do their best to add more value to their clients.

So how do you make huge profits and become a millionaire in business today? The answer is that you have to go way beyond your client's expectations. You have to give them an unbelievable experience where they will keep coming back to your business and tell all their friends about you.

One of my companies is in children's education programs. We run a five-day program for children and teens on study and life skills. Now, the market for such educational courses is extremely competitive.

So, with so much competition around what do you think is the usual ploy to get business. Slash prices, offer the lowest, the cheapest for what appears to be the same value? Wrong. My education business does quite the opposite. We charge the highest prices in the market ($1,700 for a 5-day program.) and yet, we run the highest number of classes and our courses are always fully booked, with a perpetual waiting list!

We have become the market leader for such programs within two years of setting up my business, overtaking competitors that have been around for over ten years. How did we do it?

Simple, the secret is in the delivery of our service. Our company gives our clients (both parents and their children or teens), an unmatchable experience, one that far exceeds their expectations.

You must set your standards so high that they will never go to anyone else for that particular product or service. When you highly exceed your client's expectations, you can charge a premium and make huge profits. This has been my secret of success for all my businesses and I want you to learn this same secret right now!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

How to Spend 100% of Your Time On High Value Activities

You may be wondering to yourself, 'But, I am an employee! How can I choose to only do work that is of high value? Who am I going to delegate it to? Many of the low value work like checking emails & paperwork are still necessary, they must be done!'

Yes, if you are currently employed in a job, you must still do everything yourself initially. However, start focusing on doing all the high value activities first. Spend at least 70% of your total workday on these activities.

Then, use non-work hours to clear most of the 30% low value stuff! The hours of 9 am to 6 pm are the critical times when your actions must be generating high profits, like developing new businesses, following up with clients, ensuring product quality, strategizing growth in meetings and so on.

Doing paperwork, organizing your files, surfing to research materials and checking emails should be done after office hours.

Once you have managed to fully optimize your time, you must then take the next step. You must ask for an assistant so you can delegate all your low value activities to this person and fully concentrate your time on high value activities.

Remember, if you do not already have an assistant or one is not provided for you, be proactive, ask for one!

Why would your boss want to get you an assistant and increase the company's monthly expenses? Again, if you can show that by investing in an assistant for you at $3,000, you can be freed to generate an additional $15,000 to $30,000 in value, it will be an obvious decision to do so.

A Lesson that My Staff Taught Me

Another example I can give you is from my own advertising agency. I have got a number of account managers and directors. Some of them generate gross profits of over $45,0000 a month, while others manage only about $22,000. Obviously I pay the $45,000 person double what I pay the other, regardless of age or qualifications.

When I observed how they worked, it was obvious why this was happening. The $45,000 account manager spent 80% of the time, out of the office making presentations to secure new clients and visiting existing clients to get more advertising business.

He would then spend 20% of his time on office admin like checking the spelling, grammar of ad copy & coordinating workflow with the creative and media departments.

On the other hand, the $22,000 manager was spending most of the time in the office on the low value detail work and hardly any time strategizing on new campaigns or on business development.

When I first started out in business, I was not aware of the need to maximize the value of time until one of my staff, an accounts manager, taught it to me! This accounts manager came up to me and asked for a secretary.

At first, I thought that she was just being lazy and wanted to do less work. It appeared to be an unnecessary cost, so I did not approve it.

However, my accounts manager did not stop there. She knew that if she proved to me how it would be a great investment, I would approve. She was paid $4,000 per month at the time and she had to do everything that was necessary to manage the client's advertising account.

She told me that she was already working full eleven-hour days and that she just could not take on more clients and increase her gross profits from the $35,000 she managed every month.

But if I could get her a secretary for around $1,800 a month, she would have 40% of her time freed to bring in and manage additional clients and easily add another $20,000 in monthly profits. Once I saw the math, I gave the go-ahead!

Spend your time on high value activities where you will bring in the most profit and your income will rise as a result of the extra value you can now create. Focus on always creating more and more value!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

How to Massively Increase Your Income

I am sure that no matter where you are in your career, you desire to create more income for yourself. For most people, only two options come to mind.

Either they work much harder in their job and hope their boss notices their efforts and gives them a raise of 5-10%, or quit their job and find another company that will pay them 10-20% more.

When I talk about increasing your income, I don't just mean by a measly 5%, 10% or 20%, I am talking about massively increasing your income by 50%, doubling it or even increasing it by three to five times, within 12 months!

Is this possible? Yes it is! And you can achieve this without quitting your job.

How? By not just focusing on your single, primary source of income. The only way to double or triple your income to create for yourself multiple streams of income. The rich never depend on one stream, but have multiple streams.

What Determines A Person's Income?

Before you can increase your primary source of income, you must first understand what determines a person's income.

Why is it that one person is paid $3,000 a month while another person is paid $30,000 a month?

Every time I ask this question to people, I get standard answers like, 'age, qualifications, experience, luck, title, skill set, specialized knowledge, intelligence and so on.' Well, none of this is really true!

A person's income is determined by the amount of value he creates multiplied by the time he spends creating that value, multiplied by the scalability factor. In other words,

INCOME = VALUE X TIME X SCALABILITY

In other words, in order to increase your income, you must increase the amount of value you create, the time you spend creating value or/and your scalability factor.

Focus on increasing either one and you can't help but increase your income.

When you start to do more high value activities, you will simply be paid more more for the work you do. That is why a CEO earns more than a middle manager, because the work he does is more valuable to the company.

When you start spending more of the time you have everyday to only focus on high value activities, you will be creating more value overall and increase you income at the same time.

When you scale your value, the amount of wealth you can build is limitless and your wealth can only grow exponentially.

So focus on these three areas and massively increase your income today.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

It is Not the Number of Hours You Work...

Now you may be saying to me, 'I am already working eighteen-hour days! How much harder can I possibly work?' Or if you are working for somebody else you may be thinking, 'This does not apply to me. As an employee, my hours of employment are fixed from 9am to 6pm. I do not get paid more for working longer hours.'

When I talk about increasing the time you spend creating value, I do not necessarily mean that you must work longer hours. Rather, you must spend more of your time only on activities that create the greatest value that generate the most profits for your company.

Whether you are an entrepreneur or an employee, you will have a list of things that you must do everyday as part of your responsibility. You will find that not all the things you do create the same amount of value.

There are some activities that create high value while some activities are low in value.
In fact, if you find yourself doing low value items throughout the day, I have to say that you are not adding more value than you can to your business or company you work for.

I'm not saying that these things are not important or that you can ignore them. Because I know that there are some emails, telephone calls or planning that is also critical to adding value.

What I'm saying is that instead of you spending most of your time doing all these low value activities, what you should do is to outsource these low value items to someone else. Why else do you think a CEO has a personal assistant?

So that he can free up his time he otherwise would have spent checking his emails and answering phone calls and instead use the time he has everyday to do the things that will lead the company to higher growth and profit. That is where he adds the most value.

In fact, I have discovered that most average income earners spend only about 20% of their workday doing truly high value added activities while they spend most of their time, about 80%, on low value activities like checking email, attending unproductive meetings, chit chatting, complaining, waiting, finding lost items, stuff that does not generate profits or help clients meet their goals.

High-income earners are the opposite. They tend to spend 80% of their time on high value added activities like business development, closing sales, innovating new revenue streams, market strategizing, following up with prospects, strategizing on how to improve productivity, managing projects, getting feedback from clients, stuff that leads to high customer satisfaction and higher profits!

Spend 80% of your time doing things that create the most value and success and profits will follow.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Why You Are Not Rich Yet

Let me first ask you this question, 'why are you not rich yet?' 'What has prevented you from getting the wealth you deserve?'

Spend some time to really ponder on this question and write down as many reasons as you can think of. It is important that you are totally honest with yourself.

Most people tend to say:

'I have no money to make money'
'I was born in a poor family'
'I need to support my family'
'I am too young/old'
'I'm not smart enough'
'I have no opportunities'
'I lack the qualifications'
'I have an unsupportive spouse'
'I lack the financial know-how'
'I have no luck'
'The economy has been down'
'I made poor decisions'

Do any of the reasons shown here match the ones you have given? I want you to look at all the reasons you have been giving yourself and to take note of whether they are reasons that are within your control or external reasons that you think are beyond your control.

You see, most people go through life with the Victim's mindset and this prevents them from ever changing their financial situation.

When they don't get the results they want, victims tend to give themselves lots of excuses like 'I'm just unlucky', 'I have no experience', 'I'm too old to earn more', 'I'm too young to be rich', 'I have no capital', 'I was born poor' or 'I'm not a creative person'.

The reason all these are lousy excuses is because we know that there are many examples of people who have created wealth for themselves, despite all these perceived disadvantages.

Victims also tend to blame everyone except themselves. When you ask victims why they are not rich yet they will say something like, 'my boss won't give me a raise', 'I don't get any opportunities', 'my big family prevents me from saving money', 'the stock market caused me to lose everything'.

And instead of finding a way to improve and change, victims spend their time complaining but don't do anything about it.

The trouble is that when you give yourself excuses, blame others and whine, it means that someone else or something else is controlling your life and your (lack of) wealth. Since you believe that it is not your fault, then you are powerless to change it.

If you have a victim's mindset and hold doggedly onto the belief that external forces are controlling your wealth, then any strategies you learn will be of no use!

The moment you acknowledge that you create your own fortune (or lack of it), it means that you have given yourself the power to start becoming rich right now! When you learn the strategies of wealth creation, you will find that you can make money at any age, with any background, with little or no money and in any economy.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

What Determines A Person's Income?

Before you can increase your primary source of income, you must first understand what determines a person's income. Why is it that one person is paid $3,000 a month while another person is paid $30,000 a month?

Every time I ask this question to people, I get standard answers like, 'age, qualifications, experience, luck, title, special skills, specialized knowledge, intelligence and so on'. Well, none of this is really accurate.

There are so many examples of people who are younger, less academically qualified with less experience who are earning much more than a 45 year-old Harvard MBA graduate who happens to be a member of MENSA.

It is also not uncommon to see people with less experience in a company earn much more than someone who has been there for the last twenty years. So what does determine a person's income?

A person's income is determined by the amount of value he/she creates multiplied by the time he spends creating value multiplied by the scalability factor. In other words,

INCOME = VALUE X TIME X SCALABILITY

So, in order to increase your income, you must increase the amount of value you create, the time you spend creating value and your scalability factor.

Your Income is A Refection of the Value You Create

Let's first focus on how your income is determined by the value you create. Well, let me give you a metaphor. Recently I went to the mall to buy a new mobile phone. When I found the mobile phone shop, I saw all kinds of brands and models on display and the price tags they carried all differed widely.

I saw a Sony Ericsson 910i model that had a price tag of $1,400 and a Nokia 2600 with a price tag of $238. Now, why is one mobile phone priced seven times more than another? The answer is simple. It's because one phone has a lot more functions and can hence create a lot more value to the user.

The Sony Ericsson 910i is able to make calls, send & receive SMS, send & receive MMS, record and edit videos, play & edit music, take high quality pictures, surf the internet, entertain with games, send and receive emails, has word processing and spreadsheet capabilities, has Bluetooth technology and has an in-built personal digital assistant. In short, it is not just a phone, it is a mini computer!

It does a lot more than expected. It creates a lot more value for the user by allowing him to achieve his goals more efficiently.

How about the Nokia 2600? Well, it's just a standard mobile phone. It makes calls, sends and receives SMS, has entertainment games and a calendar. It creates a lot less value, and is hence priced lower. If the Nokia 2600 had a price tag of $1400, would you pay for it?

Of course not. It's just not worth the price. But if you had the money and needed to surf the net, manage your time, check emails and record images on the go, would you pay $1400 for the Sony Ericsson? Of course! I did!

So let me ask you a question. Which mobile phone do you represent? What is the price tag that you carry? If you want to have a higher price tag and have people pay for you, then you must create the necessary value!

What allows the Sony Ericsson 910i to create so much more value? The answer is that it has a lot more software installed. How does this translate to you? Well, in order for you to create a lot more value to your company and your clients, you must keep upgrading your knowledge and skills, your intellectual capital!

Now you may say to me, 'Adam, I am not a mobile phone, I am a person!' Absolutely! But the same thing applies. When you create more and more value for your job, business or customers, your income will rise tremendously. Create more value!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Commanding the Highest Price Tag

There is available a veritable treasure chest of strategies to massively increase your income and get you on your way to financial abundance.

When I talk about increasing income, most people think of only two options. Either they work much harder in their job and hope their boss notices their efforts and gives them a raise of 5-10% or they quit their job and find another company that will pay them 10-20% more.

The trouble is that if you are at a mid to senior salary scale, the chances are that you might have already hit an income plateau and any increments thereafter will be insignificant. And quitting your job is again no guarantee that you will find something better.

When I talk about massively increasing your income, I don't mean a mere appreciation of 5%, 10% or even 20%, I am talking about doubling your income or even increasing it by three to five times, all within 12 months! Is this possible? Yes it is! And you can achieve this without quitting your job.

How? By not just focusing on your single, primary source of income, but taking action to create for yourself additional streams of income. The only way to double or triple your income is to create for yourself multiple streams of income. The rich never depend on one stream, but have multiple streams.

The only way I was able to make my first million by the age of 26 was that I focused on creating as many streams as possible. Today I have over ten streams of income. My first stream of income is the fee I get paid for training and speaking engagements. This is known as an active stream as I have to physically work to earn this money.

My other nine streams are known as passive streams as they keep recurring year after year with minimal effort.

They include profits from my event business, profits from my education business, profits from my advertising business, royalties from four other books I have written or co-authored, returns from my stock investments, advertising revenue and profits from my internet businesses and royalties from my audio programs.

Now, will all the income streams you create make money and will they last indefinitely? Of course not. And that is why I focus on creating two additional streams every year. And if you plan to become a millionaire, focus on adding one income stream every single year.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

7 Steps to Financial Abundance

Is there a formula for wealth creation? Do all self-made millionaires take the same steps to amass their fortunes?

If we were to do an in-depth study of how self-made millionaires think and act, would we find some common clues that we can learn from? The answer is yes.

These are seven essential steps, each one representing a wealth creating skill that all self-made millionaires possess and practice.

Step 1: Adopt the Million-Dollar Mindset

Millionaires see learning experiences, where Mister Ordinary sees failure. The moment you adopt the beliefs and habits of a millionaire, your perception of the world will change completely and you will realize that there are money-making opportunities everywhere and everyday around you.

Amazingly, these are opportunities that you were once quite blind to!

Step 2: Set Clear Financial Goals

Wealth never happens by chance. It always begins with a clear goal in mind. At one point of time in their life, millionaires always make a decision to become rich.

However, whenever I ask most people what their financial goals are, I often get a blank stare. This is a major reason why they will never achieve any level of wealth because they have no clue what it is.

Unless you have a specific figure to focus on, you will never be able to develop a strategy to achieve it.

Step 3: Create A Financial Plan

Once you have set specific financial targets of how much you want to earn and how much money you want to accumulate, you can then develop an effective plan to achieve it.

Goals by themselves are nothing but pipe dreams. Only when you create a plan, have you made your goal a possibility. The moment you start taking action on your plan, your dream becomes a reality.

Step 4: Massively Increase Your Income

After developing their financial plan, most people tend to become initially disheartened. They look at their plan and realize that with the amount they are earning and saving right now, it will be decades before they see any big money.

It is therefore important that you learn how to accelerate and turbo-charge your financial plan by taking steps to massively increasing your income.

Step 5: Manage Your Money & Reduce Expenses

Many people think that by increasing their income, their wealth will automatically increase. Unfortunately, increasing income is only one side of the wealth equation.

After all, there are people who earn $2,000 a month who are broke and there are those who earn $20,000 who are still broke.

The reason is because when we don't manage the money we earn, our expenses will always rise to our level of income, wiping out any surplus we have!

Step 6: Grow Your Money at Millionaire Returns

By increasing your income and reducing your expenses, you will find that you will be able to accumulate a surplus of funds that you can use to help you build your fortune.

You need to do this because, no matter how hard you work and save, you will never be able to create phenomenal wealth unless you learn how to put your money to work for you.

Through the power of compounding, you will be able to take small sums of money and build it into huge returns over time.

Step 7: Protect Your Fortune

There is no use working hard to build your personal fortune only to see it all taken away from you. There are many people who have taken decades to build their fortune only to see it wiped out by an accident, unforeseen illness or through an unexpected lawsuit.

Self-made millionaires engage professionals like insurance advisors, lawyers and accountants to help them build a financial fortress so their wealth is protected from potential creditors, plaintiffs looking to sue and the government who may take away a big chunk of your wealth through a whole range of taxes that you may not have even heard about.

So there you have it, an overview of the seven steps that you must take towards financial abundance.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

The Biggest Lie Ever Told About Wealth

Why is it that 90% of the population find it so difficult to become rich? It is because all of us have been told the greatest lie of all, the lie that has been keeping us from becoming rich. Before you can ever become wealthy, you must first discover the truth about wealth and remove the wool that has been pulled over your eyes for way too long.

Let me start off by asking you to do a simple exercise. I would like you to close your eyes and picture a millionaire in your mind. Picture the clothes the person is wearing, the car he drives, how he spends his money, how he spends his day and how he dines. Go ahead and do this NOW before you go onto the next paragraph.

Well, what picture came into your mind?

If you are like most people, you would have pictured a millionaire as someone who wears the latest, branded clothes, who drives the newest luxury car model, who spends lavishly, who dines in fine restaurants and spends on the priciest, choicest dishes and most superb wines.

You may have imagined someone who is relaxing in a cushy leather upholstered armchair in his mansion or yacht, puffing on his Havana cigar. Why is this so?

It's because of the way we have been brainwashed by television and movies to think this is the way millionaires live and spend their money. It is precisely these beliefs and habits that actually keep us from becoming wealthy!

The truth is that very few self-made millionaires live this way. In fact, the only ones who do live this indolent, self-indulgent lifestyle are the minority of millionaires who either inherited all their wealth or who made their money through sports or entertainment.

And all of them usually have one thing in common. They inevitably end up losing everything within ten years. Their wealth is only temporary. Look at Mike Tyson, Michael Jackson, Bobby Brown and a whole list of other celebrities who made hundreds of millions within their careers. They are either all broke or heavily in debt today.

In the New York Times Best-Selling book 'The Millionaire Next Door', Thomas J. Stanley interviewed 300 self-made American millionaires to find out how they think, how they earn their money and how they spend their wealth. What he discovered was a shocking revelation that made his book an instant best-seller.

It was discovered that many people who had high paying jobs, drove the latest luxury cars and wore the latest designer clothes and who appeared to be have millions to spend, were usually broke with a low personal net worth. Most of these professionals and senior executives of multi-national companies were what he termed 'Under Accumulators of Wealth (UAW)'.

In contrast, those who were actual millionaires (that is those with a net worth of over US$1 million) lived very frugally and well below their means. Eighty-percent of them were born poor or from middle class families.

They wore inexpensive suits and never bought a watch that cost more than S$500. Most of them drove secondhand cars, never bought the latest models of vehicles and they usually invested a minimum of 20% of their income in the stock market or private businesses. He termed these people 'Prodigious Accumulators of Wealth (PAW)'.

So if creating a million dollar fortune is what you're aiming for, do what the actual millionaires do and you will accumulate wealth faster than the big spenders ever do.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

How the Rich Manage their Cash Flow

Once again, the key difference that sets people apart in their ability to create wealth is not just how much they earn but more importantly, how they manage the cash that flows through their hands.

The rich manage their money very differently from the average Joe. They have a very different set of habits in the areas of saving, investing and cash spending. To become a millionaire, you must learn and adopt the cash flow management habits of the rich.

You have to first understand the concept of an 'asset' and the fact that some assets help you accumulate wealth while some other assets reduce your wealth. Assets are physical or intangible items that you own. They can be classified into Positive Cash Flow Assets (Assets Cash+) or Negative Cash Flow Assets (Assets Cash-).

Sometimes to purchase an asset like a house or a car, you have to take a loan from the bank. When we borrow money, we incur a liability. As you know, liabilities incur the extra expense of interest payments you must make.

Positive Cash Flow Assets (Assets Cash+) are assets that provide you with positive cash flow and/or capital appreciation even after deducting interest expenses from liabilities incurred.

Examples are stocks, bonds, profitable small businesses, properties with positive yield, intellectual property, fixed deposits and so on.

Negative Cash Flow Assets (Assets cash-) are those that depreciate in value and/or incur additional expenses such as maintenance or interest payments for liabilities incurred.

For example, if you bought a house and rented it out for $2,000 a month but had to pay a mortgage interest of $2,200, it would be a negative cash flow asset. A house which you buy to live in, or a car which is purchased for personal use will obviously not generate any form of income. They only incur negative cash flow and should be considered as Negative Cash Flow Assets.

Bearing this in mind, let's see how the the rich manage their cash.

So how do the rich manage their money? How do they achieve a level of wealth where they do not have to work if they choose not to?

Those with the wealthy mindset adopt a 'earn, save and spend' habit of managing their cash. They set a specific target of how much they want to save every month, usually 15-20%. They deduct this savings from the income they earn and spend the rest.

Unlike those with the 'middle class mentality', the rich mindset motivates them to take their savings and invest in Positive Cash Flow Assets that will generate returns and appreciate in value. They would rather put their money in carefully selected stocks, mutual funds and businesses than to splurge on the latest LCD Plasma Television.

Although they may buy a few luxuries to pamper themselves, their Positive cash flow assets far outweigh their Negative cash flow assets. As a result, the additional passive income generated from their investments outweighs whatever expenses they incur on these 'extras'.

They continue to diligently save and invest until their positive cash flow assets begin to generate sufficient cash flow to meet and even exceed their monthly expenses.

When this is achieved, they are at a level of financial freedom where they can choose to stop working and sustain their current lifestyle indefinitely. This is the level that you must aim to attain within the next few years.

An important thing to know is that it doesn't always take money to create positive cash flow assets. Now that you know what you must do to achieve ultimate wealth, it is time to take action to make it all happen.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Millionaire Habit 5: Love What You Do

The most common question that people ask about getting rich is, 'What is the best career or business that will make me the most money?'

Should I go into education? Food? Insurance? Network marketing? Heathcare? Options trading? Property? What's the best industry to be in right now?

Well, you will find that in ANY industry, there will be a minority who will be making plenty of money, while the majority will be struggling to survive.

So my answer to that question is that you can become a millionaire in ANY INDUSTRY, only if you are one of the best! If you are not one of the best, you will never become rich in ANY industry.

You CAN become a millionaire in insurance, property, options trading, children's education, pest-control, retail, food or Internet marketing ONLY when you are one of the best.

So, how do you become the best in the market? The answer is by being totally, absolutely one hundred percent committed towards your particular career or business.

All successful individuals have one thing in common. They love what they do. And because they have such an intense passion for their particular career or business, they do not distinguish work from play.

Their work is their play and vice versa. As a result, they spend every single day and every waking hour working (to them it's not work), and that is why they become so good at it that they become market leaders and experts.

Have you ever wondered why Bill Gates, the richest man in the world who is worth US$46 billion still works 18-hour days, every single day? Why doesn't he just sit back and relax on the beach?

The reason is because like all millionaires, what drives him is never really the money per se; it is the love of being at the forefront of technology.

It was his obsession of 'putting a computer in every home running Microsoft software' that made him the best in the field.

Many people have the belief that millionaires are people who are just naturally more motivated, disciplined and focused.

The truth is that when anyone does something he or she loves, the motivation, focus and discipline always comes naturally.

If you find that you lack the motivation and discipline to become successful in what you do, the reason is very obvious. It is not your passion!

Think about it. Do you have a natural passion for something? Do you have a hobby? Like playing golf? Looking at beautiful women or men? Computer games? Football? Playing with children? Haven't you noticed that whenever you are doing what you love, the energy never stops?

It's like no matter how tired you are, you will always find the energy to do what you love. Well, this is the secret that will lead to your success and wealth!

You have to find something you are extremely passionate about and build your career or business around it!

When you do, you will find that you will be naturally focused, committed and energized to work at it. When you give your best to whatever you are crazy about, you will become the best!

So start asking yourself:

·'What do I love to do?' 'What would I do even if I didn't get paid?'

·'If I had all the money in the world, how would I spend my time?'

·'Who are people who have made their fortunes around this passion I have?'

I guarantee you that when you start looking for them, you will find no lack of role models you can learn from. Remember, do what you love and you will never work another day in your life!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

The Four Levels of Wealth

There are basically four levels of wealth you must aim to attain.

Level 1: Financial Stability

The first level of wealth is known as financial stability. This is the most basic level of wealth that you must first attain.

You have achieved Financial Stability when:

1. You have accumulated enough liquid assets to cover your current expenses for a minimum of six months.

2. In addition, you have life and hospitalization insurance to protect you and/or your family's lifestyle should you be permanently disabled, unable to work or if you pass away suddenly.

When you have attained this first level, you will have the peace of mind that should any unexpected challenges befall you (like retrenchment, business failure, pay cut, death or disability), you and your family's lifestyle will not be compromised. Or worse, you or your family will not slide into debt.

Once you have achieved this, you must then aim to achieve:

Level 2: Financial Security

You have achieved Financial Security when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to cover your MOST BASIC expenses.

In other words, when you reach this level, you can stop working and maintain a very basic lifestyle. It also means that if you continue working, all your active income can be channeled towards your investments and this will further compound your assets and increase your income streams.

Of course, we shouldn't be satisfied at being at this level. Once accomplished, you must then aim to go for:

Level 3: Financial Freedom

Many of us have heard of the dream of achieving financial freedom but what does it really mean? Well, Financial Freedom is when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to sustain your CURRENT LIFESTYLE.

When you reach this level of Financial Freedom, you can choose to stop working and still maintain your current standard of living indefinitely! In reality, most people who achieve financial freedom love their work so much that they continue working not because they have to, but because they choose to. I can tell you from personal experience that it is a great feeling to have, being free of financial pressure & worries and working purely out of passion!

Obviously, the more expenses you have now, the more luxurious and indulgent your standard of living, the longer it will take for you to achieve financial freedom. So besides increasing your passive income, reducing your unnecessary/frivolous expenses will accelerate your way towards this fourth level. Finally, you must aim to achieve:

Level 4: Financial Abundance

So what is the ultimate level of wealth you can achieve? Financial Abundance is when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough passive income to sustain your DESIRED LIFESTYLE.

Your desired lifestyle is the amount of monthly expenses it will take for you to live the life of your dreams. This is totally subjective depending on the lifestyle that you desire.

If your desired lifestyle is to live in a 20,000 square-feet bungalow with a swimming pool, send your kids to the best schools and drive a Mercedes Benz S-Class, then you could be looking at a monthly lifestyle that'll cost a cool $50,000. Of course the more luxurious your desired lifestyle, the longer it will take for you to achieve financial abundance.

The moment you reach the level of Financial Abundance, you will be able to choose to stop working and live your dream lifestyle indefinitely.

Again, most people who do reach this level usually love what they do so much that they keep on working for fun, channeling 100% of their active income towards charitable causes and further compounding their wealth.

With the right strategies and plans in place, you too will be able to achieve this ultimate level of wealth.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

How to Translate Value into More Income?

If you are self-employed, then creating more value will automatically translate into higher profits & income. However, as an employee, tripling the value you create is no use unless it translates into a higher price tag.

Do not expect to get a promotion or a raise automatically. If bosses can help it, they would rather pay you much less than what you are worth. Most of the time, you must be proactive and ask for a raise.

However, before you ask for double your pay, ensure that you have at least tripled your value! So you can be sure that if the answer is no, there will be a dozen headhunters waiting to pay you what you are now worth!

Once you have created tremendous value, you can:

1) Ask for a pay increase
Again, be confident that you are more than worth the increase!

2) Ask for a promotion & pay increase
When you have demonstrated that you can create more profits, they will be happy to give you a senior management position

3) Ask for profit sharing
If you are a value creator, you can confidently ask for this.

4) Ask for variable compensation
People who prefer a fixed salary are generally those who are not confident about how much they are really worth. The trouble is, a fixed pay has got no upside. If you have the drive and confidence to create value, ask for a higher performance based compensation (even if it means a lower basic pay). Then you know that you have a huge upside.

5) Ask for stock or partnership
Again, once shareholders can see that you are a value creator, they will want to do what it takes to keep you by giving you ownership.

There you have it. 5 ways to immediately translate your value into more income. If you have truly created more value for the company, good bosses will recognize and reward you for your contribution. Because they understand that good workers who add more and more value are hard to come by and if they have them, they want to keep them.

I know you could be also asking this: 'But what if the company I'm working for refuses to pay what I'm worth?' Then leave! Because there are others out there you will pay handsomely for people who create tremendous value.

Remember, your income will always reflect the amount of value you create. Start creating more value now!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

The True Definition of Wealth

Before you can be truly wealthy, you must first know what wealth really means. Again, many people think that a person's wealth is defined by how much he earns, by the clothes he wears, by the house he lives in and by the way he lives. We now know that this is not at all true.

A person's wealth is actually defined by how long a period of time he/she can sustain their lifestyle if they stop working. The longer you can go on living your life without working another day, the richer you actually are. Your wealth is therefore defined by three things: 1) your monthly expenses, 2) your liquid assets and 3) your passive income.

Your liquid assets refer to how much cash or cash equivalents (like stocks, bonds & fixed deposits) you have to pay for your monthly expenses. Your passive income refers to income that you will continue to receive even after you stop working. This could include interest, dividends, royalties and profits from a business.

Let's look at an example. Steve is a director in a multi-national company and earns a $20,000 monthly salary.

He lives a lavish lifestyle that results in personal and household expenses a month of $18,000. He hasn't really saved much over the years as he has spent any surplus upgrading his house and car. His liquid assets are just under $18,000. Besides his full time job, he has no other sources of income. What is Steve's level of wealth?

Well, if he stops working today, his $18,000 will last him for just a month. So his wealth is one month's salary. As you can see, wealth is defined not by the absolute amount of dollars, but by time.

On the other hand, Susan, a marketing manager in a retail store earns a monthly salary of $5,000 a month but she is much wealthier than Steve. How is this so?

Well, over the last 20 years, Susan has diligently saved 20% of her income and invested it in the right stocks and mutual funds that have given her returns of 15% per year. (You are going to learn how to achieve this return with minimal risk in the later chapters).

Over the years, Susan's liquid assets have grown to $1.32 million (you can verify this with a financial calculator).

In addition, she has spent her free time building up a home-based business that sells unique collectibles over the Internet. Her small business earns her an additional income of $1300 a month. She may not drive a fancy car or wear a Cartier watch, but let's see what her wealth is.

If Susan were to stop working today, she would still retain the $1,300 monthly passive income that her home-based business earns her. Since her monthly expenses total $4,000 a month (80% of her income), she would have a net outflow of $3,700 a month.

With her $1.32 million in accumulated savings, she would be able to survive for 30 years! (This is assuming that she does not invest the $1.32 million she has prudently saved up!).

If Susan were to put her $1.32 million into a risk-free fixed deposit account earning interest of 4%, it would bring her an additional interest of $52,800 per annum.

This means another source of passive income that rakes in $4,400 a month. So you can see how Susan can very comfortably go on forever without working another day in her life!

Can you now see that your wealth (i.e net worth) is not determined by how much you earn, rather, it is determined by how much you save and wisely invest. Even with just a middle class income, you could become a millionaire if you have enough financial intelligence, discipline and patience.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Millionaire Habit 1: Always Exceed Expectations

Those people who always exceed expectations are known as Value creators and they end up as the rich and wealthy of our society.

If they are paid $3,000, they will work as if they are being paid $20,000. If they are expected to generate $10,000 worth of profits, they will create $30,000 worth of value!

They are called value creators because they create value for companies. It is through their efforts, that the company makes more and more profits every year.

As a result, their income is not considered an expense to the company, but a great investment.

Even in periods of downturns, when everyone else is getting retrenched and pay cuts, they get pay increases, bonuses and stock options.

The company knows that for every dollar they invest in them, they will return triple the value. These people are the high flyers who get promoted super fast and get their incomes doubling and tripling in a few years.

In the past, income was based mainly on seniority and loyalty. The longer you stayed, the more you were valued.

In today's world, income is based entirely on the amount of value you can create. It is not uncommon to see people who are much younger, with a lot less experience directing businesses and earning lots more than senior workers who have been with the company a lot longer.

Value creators are indispensable assets to their company! They are very hard to replace. And that is why companies will pay them more and more and offer them partnerships to retain them.

Value creators are never out of a good job. They are usually head hunted by other companies all the time, the head hunters offering to double their income if they join them.

This habit does not just apply to employees, it applies to anyone from sports stars to business owners.

When Michael Jordan was interviewed and asked how he became the world's greatest basketball player, he replied, "I expect more from myself than anyone would ever expect from me! When my coach expects me to train three times a week, I would train five times. When my coach expects me to score 15 points for each game, I would score 36 points! That is why I am the best in the world".

Do more than anyone expects of you and you will find the river of success flow like an never-ending stream into your life.

Cultivate this habit now and you will start to see results immediately.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Millionaire Habit 2: Be Proactive

In my live Wealth Academy seminars, I usually do an exercise where I get people to stand up, go to as many people as they can and introduce themselves.

From this simple activity, I can tell immediately if they exhibit this very important wealth habit.

I notice that there will always be some people who will go around introducing themselves first and getting to know as many people as they can.

These people exhibit the pattern of being proactive. People who are proactive are people who take the initiative to make things happen.

When there are no opportunities, proactive people are those that go out and find opportunities. If they cannot find any, they will create their own opportunities.

When problems get in their way, proactive people will take action to solve their own problems!

On the other hand, there would always be an even larger number of people who will just stand around and wait for others to come and shake their hand.

These people exhibit the reactive mindset. People with the reactive mindset have the habit of waiting for things to happen to them. They tend to act only in reaction to others' actions.

As a result, they have a lot less control and choices over results that affect them. When no opportunities present themselves, reactive people just sit and wait for the opportunities to come to them.

They are characteristic of people who complain about everything that is happening around them and hope that something will change.

When reactive people face problems, they will just wait for others to come and solve their problem.

When the Asian currency crisis hit Singapore in 1997, many companies saw their sales and profits plummet. Many business owners were reactive and just sat tight and prayed for the bad times to pass.

Instead, Ron Sim, CEO of Osim International (a company that develops luxury massage chairs) took the proactive action of entering new markets like Hong Kong and Taiwan.

As a result, his company profits were not only unaffected by the crisis but they continued to increase.

When the Asian economies recovered, over 60% of Osim's business came from outside their home country of Singapore, leading to even higher earnings growth of over 30%!

By having the proactive mindset, you put yourself in the position of power and choice. You are in command and will take action that leads to wealth and success.

However, when you act in a reactive pattern, you will find that your finances will never be within your control.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Millionaire Habit 3: Take 100% Responsibility

Wealth habit number three is the habit of taking responsibility for your results and wealth! Unfortunately most people choose to adopt the victim's mindset of giving excuses, blaming and complaining.

Remember when you give excuses to yourself (i.e. no time, no luck, no capital, no experience etc) or blame others for your lack of wealth, then you are putting others and external events in control of your life! When you are not in control, you do not have the power to change your circumstances.

When you ask victims why they are not rich yet they will say something like, 'my boss won't give me a raise', 'I don't get any opportunities', 'my big family prevents me from saving money', 'the stock market caused me to lose everything'.

And instead of finding a way to improve and change, victims spend their time complaining but don't do anything about it.

The trouble is that when you give yourself excuses, blame others and whine, it means that someone else or something else is controlling your life and your (lack of) wealth.

Since you believe that it is not your fault, then you are powerless to change it. If you have a victim's mindset and hold doggedly onto the belief that external forces are controlling your wealth, then any strategies you learn will be of no use!

Most people go through life with the Victim's mindset and this prevents them from ever changing their financial situation.

When they don't get the results they want, victims tend to give themselves lots of excuses like 'I'm just unlucky', 'I have no experience', 'I'm too old to earn more', 'I'm too young to be rich', 'I have no capital', 'I was born poor' or 'I'm not a creative person'.

The reason all these are lousy excuses is because we know that there are many examples of people who have created wealth for themselves, despite all these perceived disadvantages.

Instead, millionaires take 100% responsibility for their wealth. They believe that they alone create their wealth through their strategies and actions.

As a result, they know that they have the power to change their wealth by changing their strategies and actions.

They understand that they can create the sort of life that they want because they are willing to take the responsibility for the success and results in their life

It is only when you live by this habit will you have the power to exponentially multiply your income and wealth.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Millionaire Habit 6: Acting With Integrity

Many people have the perception that the fabulously rich and powerful are dishonest and unethical. And who can blame them after hearing stories of how millionaire executives rip off their shareholders in scandal after scandal on Wall Street?

Think about Enron, China Aviation Oil, WorldCom, ACCS, REFCO and the list goes on.

Certainly there are unethical & unscrupulous rich people around (incidentally, their wealth & businesses rarely last), but the truth is that most self-made millionaires share a common habit of personal integrity.

Interestingly, in the best-selling book 'The Millionaire Mind', author Thomas Stanley interviewed 733 multi-millionaires and asked them what were the key factors that contributed to their wealth.

Ranked number one was 'being honest with people'. Surprised? This factor was ranked way ahead of factors like 'making wise investments', 'working hard' and 'having a competitive spirit'.

What is integrity and why is it so important to long term wealth?

Integrity is about being honest with others and adhering to high moral standards. It is also about doing what you say you will do.

When you act with integrity, your customers, colleagues and staff will place their trust in you. They know that you mean what you say and that you will not let them down.

They know that you will give them the best quality for their money and they know that you will not cheat them.

We have all heard the phrase 'A man is nothing without his word' and that is 100% true! Integrity is the essence of everything. In everything that you do, act with integrity.

When you are able to keep your word and deliver on your promise, people can trust you and your business. And trust builds long lasting relationships.

It is evident almost everywhere, between old friends, married couples, business partners, etc, all those successful relationships are all build on a very strong bond of trust.

In a world where so many people are unethical and dishonest, build your reputation on integrity and you will have an endless supply of customers, suppliers, investors and business partners.

Over the years, I have had many people who have approached me to do business with them and I have turned most of them down, no matter how great the opportunities to make money seemed to be.

As a result, many people have asked me what I look for in a business partner. My answer is that 'integrity' is above everything else.

Remember that it takes a lifetime to build and only a second to lose, so always act with integrity, treasure it and you will possess one of the greatest strengths of all.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Millionaire Habit 7: Be 100% Committed

There is a very big difference between wanting to become a millionaire and being 100% committed to becoming a millionaire.

When you merely want, wish or hope to achieve a goal, it will rarely ever happen. Think about it. Everybody wants to be financially free, but very few ever make it happen.

Studies after studies have shown that people who achieve phenomenal success and wealth did not just want it, they were 100% committed to achieving it. When you are 100% committed to a goal, it is no longer a wish, a hope or a want, it becomes an absolute MUST.

You see, when something becomes an absolute MUST to you, it gets you to operate from a totally different frame of mind. When something is a MUST, it will become your number one priority and nothing will ever come in its way until that goal is accomplished.

When something is a MUST, you will do whatever it takes to get it (within limits of integrity of course)! Even if it means stretching way beyond your comfort zone and investing time, energy or money, you will do whatever it takes.

I believe that when you are willing to do whatever it takes to get something, you will ALWAYS find a way. And if you cannot find a way, you will make a way.

For example, when George Lucas (millionaire at 28 and creator of Star Wars) wanted to revolutionize film making by creating the special effects required for the space battle scenes for Star Wars, the technology did not exist.

Everybody told him that what he wanted to do couldn't be done. Instead of accepting the comfort of reality, his total commitment to making his dream come true was to set up his own company, Industrial Light and Magic (ILM) to create the special effects required for his own movie.

You see, when something is a 'must', anything can be achieved. At the same time, when you make financial freedom and security a must for you and not just a wish, you will achieve it. When something is a must, our brain gets us to tap our fullest potential to make it happen.

The trouble is that becoming financially abundant is rarely a must for most people. It is merely a wish. However, it is always a must to survive and that it why most people merely survive.

So once again, to achieve all your financial goals, you have to make it a must for yourself. How do you make something a 'must'? The answer is by putting yourself on the line. When you put yourself in situation where you give yourself no choice BUT to succeed, you very often will.

If you study the life stories of millionaire history makers, many of them came to a point in their lives where they put themselves on the line and staked everything they had. And because they had NO CHOICE but to succeed, they often did it against insurmountable odds.

So do whatever it takes, make success and achieving your goals a MUST and I will guarantee that your wealth will multiply many-fold.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

How I Was Losing $4,900 a Day Doing the Wrong Work

Let me give you an example of how I lost a potential $4,900 a day when I first started out in the training business by spending too much of my time on the wrong sort of work. Like every small start-up business person, I was a one-man show. Naturally, I had to do everything myself.

I had to write proposals to clients, make cold calls, do sales presentations, conduct the training itself, prepare logistics, prepare training materials, do administration and finally, manage the financial accounts.

Now among all my activities, which one do you think created the most profits? The answer is when I was training. Every day I trained, I earned for my business $5,000 (100 students multiplied by $50 per student).

However, because I had to do all the other activities, I only had the time and energy to do a maximum of six training days a month, thus the most I could gross was $30,000 a month.

I thought of hiring people to do the administration, logistics and accounting but I was initially too stingy. I thought to myself, 'If I hire an administrative assistant, I would have to pay the person $2,000 a month'. 'If I do it myself, then I would save the money!'

What I did not realize then was that by doing the admin, accounts, logistics and selling myself, I was actually losing money everyday! Why?

You see, every day was worth a potential $5,000 if I spent it doing training.
If I were to hire an administration assistant, I would have to pay the person $2,000 a month, which works out to $100 a day (assuming 20 working days a month).

If I did the administration work myself, I would save $100 a day. However, I would be losing a potential $5,000 as I would not be able to be out training. So although I save a potential $100, I lose a potential $5,000, I end up losing $4,900!

The moment I realized this, I went out and hired an assistant to take care of all my admin work like filing, answering calls, arranging logistics, coordinating with clients and so on.

This freed me of a collective five days a month which I could now spend doing training and earning my business an additional $25,000 a month. Not bad, I invested $2,000 to earn back $25,000!

The lesson is this. You must find the activities where you generate the highest value for your company and spend most of your time doing that! If you can, delegate the rest. Remember time is money and how you spend will decide how mush value and wealth you can create.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Strategies to Scale Your Value Immediately

So, let's now come to consider how you can begin to massively magnify and multiply the unique value that you have? How can you create multiple streams of recurring income for yourself?

There are basically four major strategies you can employ to add the scalability factor to your value:

1) Earn royalties and fees from licensing or selling your intellectual property
2) Magnify your value by reaching more people at one time
3) Earn recurring commissions from sales and referrals
4) Earn profits, dividends and royalties from businesses

Earn royalties and fees from licensing or selling your intellectual property

Many people get intimidated by the term 'intellectual property' as they have a limiting belief that they are not intellectual enough to create something that is of value and can be sold.

In actual fact, any knowledge that you have or any idea, product or process that you have come up with that can help people solve their problems and satisfy their needs is intellectual property.

You definitely have some kind of intellectual property! Why? This is because unless you have intellectual property, you wouldn't be able to create any kind of value in the first place.

For example, if you are a lawyer, your intellectual property is the legal know-how you have. If you are a photographer, your intellectual property is the knowledge of photography you have and the pictures you take.

If you are a chef, the intellectual property you have are your recipes and your method of preparation. If you are a manager, your intellectual property is your ability to manage people and projects.

License and sell the expertise you have and you can scale your value immediately!

Magnify your value by reaching more people at one time

The second strategy you can employ to massively scale your value is by using the magnification approach. In short, reach a greater number of people all at once. Here are a few examples of how people can magnify their value.

Increase the Size of Your Audience

Magnifying your Services on the Internet
Magnifying Your Value through the Mass Media
Magnifying the Value of Company Shares through Listing

Earn Recurring Commissions from Sales or Referrals

The third strategy is to multiply your value by earning recurring commissions from sales and referrals. This involves being paid multiple times for a single sale effort.

In certain industries like insurance & network marketing, the recurring commission system is in-built into the compensation scheme. For example, when an insurance agent sells an insurance policy, he gets paid a commission.

However, insurance agents get paid additional renewal commissions for the next five years whenever their client pays their annual premiums. Although they close the sale once, they get paid over and over again for the same effort. As a result, their efforts are multiplied!

Earn Profits, Dividends & Royalties from Businesses

The fourth strategy is to use the power of a business to multiply your value! When you work as an employee or are self-employed, there is always a limit to how much leverage you can create from the time you spend at work. You are constantly selling your personal time for money. Unless you physically spend time, the income stops.

When you build a business around your value, you will be able to provide your services to more and more people, without your physical presence. You literally multiply your value.

As a self-employed trainer, I could only physically conduct one seminar at a time, and train a maximum of 10,000 people a year.

By starting and building my training and seminar business and training other trainers to deliver the same seminars. I am able to hold ten seminars concurrently, in five different countries, reaching out to ten times more people a year. As a result, my value and wealth are multiplied many fold.

There you have it! Four strategies you can use immediately to scale your value!

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com

Are You Living Like A Prostitute?

I travel around the region pretty frequently, having to visit and conduct seminars at my offices in Malaysia, Indonesia, Thailand and Su Zhou (China). I am in the airport almost every other week so I get to bump into many people who have attended my seminars or have read my books.

Recently, someone came up to me on a plane to KL and looked rather shocked. He asked, 'How come a millionaire like you is travelling economy?' My reply was, 'That's why I am a millionaire.' He still looked pretty confused.

This again confirms that greatest lie ever told about wealth. Many people have been brainwashed to think that millionaires have to wear Gucci, Hugo Boss, Rolex, etc (I shop at G2000 by the way) and sit on first class in air travel. This is why so many people never become rich because the moment that earn more money, they think that it is only natural that they spend more, putting them back to square one.

The truth is that most self-made millionaires (not those lucky bast**ds who inherited money) are frugal and only spend on what is necessary and of value. That is why they are able to accumulate and multiply their wealth so much faster.

Over the last 7 years, I have saved about 80% of my income while today I save only about 60% (because I have my wife, mother in law, 2 maids, 2 kids, etc to support). Still, it is way above most people who save 10% of their income (if they are lucky). I refuse to buy a first class ticket or to buy a $300 shirt because I think that it is a complete waste of money. However, I happily pay $1,300 to send my 2-year old daughter to Speech and Drama classes without thinking twice.

When I joined the YEO (Young Entrepreneur's Organization) a few years back (YEO is an exclusive club open to those who are under 40 and make over $1m a year in their own business) I discovered that those who were self-made thought like me. Many of them with net worths well over $5m, travelled ecomony class and some even drove Toyotas and Nissans.

I noticed that it was only those who never had to work hard to build their own wealth (there were also a few ministers' and tycoons' sons in the club) who spent like there was no tomorrow. Somehow, when you did not have to build everything from scratch, you do not really value money. This is precisely the reason why a family's wealth (no matter how much) rarely lasts past the third generation. Thank god my rich dad (oh no...I sound like Kiyosaki) foresaw this terrible possibility and refused to give me a cent to start my business.

Then some people ask me, 'What is the point in making so much money if you don't enjoy it?' The thing is that I don't really find happiness in buying branded clothes, jewelry or sitting first class. Even if buying something makes me happy it is only for a while, it does not last. material happiness never lasts, it just give you a quick fix.

After a while you feel lousy again and have to buy the next thing which you think will make you happy. I always think that if you need material things to make you happy, then you live a pretty sad and unfulfilled life.

Instead, what make ME happy is when I see my children laughing and playing and learning so fast. What makes me happy is when I see by companies and trainers reaching more and more people every year in so many more countries. What makes me really happy is when I read all the emails about how my books and seminars have touched and inspired someone's life.

I think the point I want to put across is that happiness must come from doing your life's work (be in teaching, building homes, designing, trading, winning tournaments, etc) and the money that comes is only a by-product. If you hate what you are doing and rely on the money you earn to make you happy by buying stuff, then I think that you are living a life no better than a prostitute.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26 and a multi-millionaire today. Discover the inside secrets to how a multi-millionaire runs his life and makes his money at www.adam-khoo.com

If I Had Gone To An Elite School, Would I Be A Millionaire Today?

Recently, someone sent me an email saying that his life was full of problems. Everytime he solved a problem, a new one would emerge. 'Why can't goals be easy to achieve?' 'Why can't things go exatcly the way I planned?' 'Why is it that everytime I want to acheieve something, something will always go wrong?' 'Why Must Life be Filled with Adversities?'

He then went on to complain that he was not as lucky as other people around him. 'Adam, you are so lucky that everything is going your way, you don't seem to have any problems!'

Well, if you feel the way this guy does. Then I have some rather shocking news for you! Everybody experiences problems and adversities EVERYDAY of their life! So, you are not alone. In fact, if you think that you have got problems, there are many people out there who have got even bigger problems and they would glady give an arm and a leg to have your petty problems. Think of the poor maid who was featured on the Straits Times who lost her entire family (her children, husband and parents included) during the Indonesian earthquake. Kind of puts our life into perspective huh?

Many people think that with wealth and success, problems all go away, and life is carefree. Well, I have got more news. The more successful you are, the bigger your problems! Many people may not know this, but I got bigger problems that most people ever think!

In fact, I believe that if I would let anyone live my life for a week, they would probaly collapse form the sheer extreme stress and demands! Imagine, having filling the expectation to inspire and change the lives of over 4,300 people over 43 audiences from 4 countries in the last 30 days. Memorizing 150 hours of speeches and at the same having to worry about over $400,000 of fixed costs and about 70 staff at the same time, all having their own set of problems that I need to solve for them.

Not to mention, answering 30+ emails a day to people with probems ranging from relationship breakdowns to business problems. I dealt with this in the last month alone.

But hey! I am not complaining. I believe that Bill Gates, Warren Buffett and George Bush have got problems 100x worse that mine every single day. This is why I believe that before life would allow anyone to become more sucessful, you must first prove that you can handle problems at your current level first. If not, life will not allow you to advance to the next stage! So, everyone has problems. The more successful you are, the bigger they are! The only people without any problems are those lying in the graveyard!

Some people ask me why life must be full of adversities. Why can't things come easily? Well, think abut it this way. Imagine if you watched a movie like Star Wars or the Lord of the Rings and in the entire 3 hour movie, there were no bad guys, no problems and no sad or frightening moments. Would you enjoy the show?

No! You would probaly be bored to death and fall asleep! Imagine if Frodo took a beautiful stroll through middle earth with all the fairies smiling along the way and the birds singing. I doubt he would have felt the joy and pride of completing his journey! So, you see, if goals were not tough to achieve with problems along the way, it would not feel good achieving it in the first place. The only reason why we feel good and proud about getting someting is precisely because achieving it took so much sweat and tears!

I have another theory. I believe that adversity and setbacks are there to teach us certain lessons that we need to learn in order to be able to have the wisdom to move to the next level of success! Also, the greatest opportunities always come disguised as problems! They never seem like opportunities at all.

When people complain that they have no opportunities in life, it is becasue they never saw the opportunity that lay disguised within their problems and so they chose instead to run away and hide from their problems, thereby never finding out the truth. In other words, everything bad happens for a specific reason. It is there to teach us lessons, mould our character and give us an opportunity.

Let me give you an example for my life. When I was in Primary school, I went through lots of problems. I was lazy, unmotivated and hated to study. I had low self esteem and mixed around with the wrong group of friends. My parents' divorce also affected my lack of desire to do well. As a result, I ended up in lots of trouble and was expelled from St. Stephens School when I was in primary 3 (aged 9).

When I got into Ngee Ann Primary after half a year of missing school, I could not catch up and as a result, did badly for my PSLE and was rejected from all 6 secomday schools of my choice. Instead, I was posted to a neighbourhood school called Ping Yi that was not ranked very high at that time.

It was because of the fact that my life was in the pits that I was forced to learn NLP and accelerated learning techniques to turn my whole life around (out of sheer desperation). After applying what I had learnt, I topped my schools for the O levels with 8 points (L1R5) and made it into VJC where I scored straight As for A levels. I then went into NUS (business Admin) where I ranked among the top one percent of the cohort and was in the Deans List every year.

Because of my meteoric rise from the bottom of the educational system to to the every top, I wrote my book 'I Am Gifted, So Are You!' that became an instant best-seller as it told the inspiring story of how a stupid moron like me (from a neighbourhood school) could be one of the top students in NUS.

I then started my 'now famous' training program inspiring both students and adults to succeed, which earned me my first million by age 26 and many more milions after that.

Here is my very important point that I always pondered on. If I had not lived such a screwed up life at the beginning and did not have all that adversity, then I would not have learnt NLP! If I did not learn NLP at age 13, then I would never have learnt all the powerful strategies that allowed me to become so super successful today! I would have grown up to be just another ordinary average person.

Indeed, it was a blessing in disguise. Also, imagine if I had done very well in Primary school and HAD NO learning and behavioural problems. then, I may have done very well for my PSLE , scored 4A stars and gone to Raffles Institution (RI).

If I had gone to RI, RJC and NUS, then I would not have the inspiring story of IDIOT To GENIUS to tell! My story will no longer be sexy and I could not have written the book 'I Am Gifted, So Are You' to inspire other lousy students like myself. Since I was good all the way, I could probably only write the book 'I Am Gifted, So Too Bad to You'! So again, everything happens for a reason.

I also realized that the main reason why I am so good at motivating lousy students and under-achieving people is because I used to be like that. Therefore, I can understand and connect with lousy students and turn them around so well. If I had been a super studtent from Raffles Institution all the way, then I may not have the ability to help all these students the way I do today, since I cannot understand the problems they face and how they feel.

The lesson I want to share is this. Embrace your problems and adversities in life! They are there for a purpose. Use them to learn lessons and as opportunties that will help you to achieve all the success in your life. Some people may ask, 'then why do some people keep facing problems after problems and go aroud in circles never ever succeeding?'

The answer is because they have not yet learnt the lesson they are supposed to from the adversity but are instead giving excuses, blamig, complaining and running away. I believe that as long as you don't learn the lessons that your problems are there to teach, they will keep on coming until the day you do. The very tragic thing is that many people live throughout their lives and die never ever learning the lesson.

Article Source: http://articles.tiptopweb.info


Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26 and a multi-millionaire today. Discover the inside secrets to how a multi-millionaire runs his life and makes his money at www.adam-khoo.com

Should I Take Charge Of My Life Or Should I Let God Take Charge Of It?

Recently I had a participant of mine say that he felt that my teachings contradicted his religious beliefs.

He said that his religion advocated that he should let God choose his destiny and lead his life. Whereas in my seminars, I teach people to take charge of their own lives and their own destinies. I teach people not to leave their life to chance but to have a plan for their future. I teach people to make full use of their potential and live life to the fullest. I always say that if you don't have a plan for your life, then someone else (like your boss or friends) will have a plan for you. And you will probably fall into somebody else's plan. (And I don't think other people have anything good planned for you).

Because of his strong belief and faith in God, he says that he does not feel the need to set goals or to take charge of his life. God will give him the answers 'one day'. And all the bad stuff that is happening to him is God's will and beyond his control, so there is nothing he can do about it.

First of all, let me first say that I myself am a very firm believer of God and believe alot in the power of faith. In fact, I have found that the more successful and wealth I have become, the more spiritual I have become as well. When I was young, I never believed that God existed. I thought that since it was not something scientifically proven nor something I could see, it was probably all made up in people's minds. However, through the years, I have become a VERY firm believer in God for a few reasons.

First, as I started to think about the complexity of the universe, nature and the human body, it dawned on me that there was NO WAY that everything could have happened by chance (e.g. the fact that every single cell/organ/tissue in the human body performs a specific function working together in a symbiotic relationship). Everything that we take for granted, from the intricate veins of a leaf to the ventricles in the human heart had to be designed by a creator.

The second reason is that when I look back at my life and reflect on all the events that have led up to now, it seems too coincidental that things have happened by chance. Everything (even the awful painful stuff) seems to have happened for a particular reason.

For example, if I had never had screwed up my PSLE and ended up at the bottom of my school, I would never have found the need to learn about NLP and about the Psychology of Success. If I had never learnt about NLP, then I would not be as successful as I am today .I would never have been able to write all my books and created my life changing programmes and I would not be able to help thouands of people every year change their lives. It seems that this is my purpose and my mission from God and that everything that has happened was part of a divine plan.

Well, then doesn't this contradict my own teachings about taking charge of one's life and planning your own destiny? Absolutely NOT. In fact, it is totally in alignment. Let me explain.

See, I believe that God is a force that exists in all our hearts and within every single cell of our body. He is not some old man with a white beard sitting on a throne one billion light years above the clouds. As such, God works THROUGH you. Every positive thought, idea an inspiration you have is a message from God. Some people hear the message and act on it, others just ignore it. When you feel passionate and excited about something (like I am with teaching and speaking), it is God's way of telling you that this is your purpose and mission in life.

Again, some people hear this calling and act on it. Many others ignore and deny their passions, and end up in a job they hate, simply because they feel that they have 'No choice'. Do they really have 'no choice' or are they simply letting their fear consume them and abandoning their faith? I believe that the greatest power our creator has given us is the power to choose. And every choice we make shapes our destiny. So, if God is in you and God works though you, then when I talk about thinking about your passion and designing your life around your passion, it really means that you are letting God lead you, through you. When you set your goals and live with passion, you are living in alignment with what God put you here for. God takes charge of your life by you taking charge of your life.

For example, I wrote all 360 pages of my book 'Secrets of self made millionaires' to change people's lives, And I set the goal to be one of the best speakers in the world. But you know what? It was really God's words that wrote the book and God's will that I became a speaker. His message came through my feelings, intuitions and thoughts. It was really God's plan, but I wrote it. He created me with this mission and this is my purpose for living.

In fact, why have I suddenly turned on this computer at 1.00am on a Friday morning and why am I typing all these thoughts down when I should be sleeping. Is this all happening by chance? Or is it God directing me to send this message for all of you to read? Something to really reflect on.

Unfortunately, I have seen so many people mis-intepret the meaning of 'letting God take charge of your life'. They think that it means that they should not plan, but wait for something to plan it for them. Do they expect that one night while they are sleeping that an angel will appear in a ray of light and tell them that they should quit the job they hate and pursue their dreams? Will a booming voice from the skies tell them to start an online business or to invest in stock options? Don't think so. Duh! I feel that many people who say this to themselves are just using it as an excuse to avoid responsibility for anything. They are simply living in fear and using God as their excuse.

In fact, I believe that by being lazy and not doing anything about it, you are doing God a disservice. You are not making use of the power and assets you have been given. You are not fulfilling your purse and mission on earth. See I believe that all of us were born to make a positive difference in the world. So, by not doing anything meaningful with your life, it is just as bad as harming the world. You are wasting this precious life you have been given!

Although I am not a Christian, but I remember a very powerful story in the bible (I got an A1 for Bible knowledge in school by the way). In the parable of the talents, Jesus teaches about the need for all of us to use our God given talents. In this parable, a master had to go away on a long trip and wanted his servants to look after his property while he was gone. To the first servant, he gave 5 talents. Through his hard work, the servant doubled his talents to TEN. To the second servant the master gave 2 talents, This second servant also worked hard and doubled the two talents, To the third servant, the master gave one talent, For fear of losing his only talent, this servant buried it and hid it, When the master returned and found that he had done so, he called him a LAZY and WICKED servant and took his only talent and gave it to the servant who had TEN. So, if you sit on your ass and do NOTHING with the god given passion and potential you have been given, then everything you have will be taken away from you and be given to those have achieved wealth and success.

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Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his million dollar secrets and claim your FREE audio CD program '7 Steps To Financial Freedom' at www.thewaytomakemoney.com