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How To Be Rich With These 3 Proven Criteria

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Do you want to be rich?

What a dumb question, everyone wants to be rich. However, the truth is opposite. Most people want to be rich but most of them are not rich.

Have you ever heard of the 80/20 rule? This is exactly what is happening with most people in life. 80% of the people want to be rich, but only 20% of them is rich.

80% of the people want to be successful, but only 20% of them is successful. There are tons and tons of examples that you can find.

So do you think you are belong to the 20% or the 80%?

Don’t worry which category you are in. Right now, there is a guaranteed way for you to be rich. As long as you follow through these 3 criteria below, you will be able to become as rich as you can think of.

Yes, you can be as rich as you want to be. If you think you can do it, then you can do it. Like what Henry Ford has to say, “whether you think you can or cannot, you are absolutely right.” There’s no yes or no, it is just what you think makes it a yes or makes it a no.

So once you believe that it is possible for you to be rich, here are the 3 criteria for you…

1. Do What You Love

No matter what, you must choose to do what you love if you want to be rich. Think about it, if you hate to sell, there’s no way you can be rich by becoming a salesman. Even if you did earn a lot of money from selling, you will end up with a lot of frustration.

You must do what you love and only then you will do it with full commitment. When you’re doing something that you love, you will automatically tap into your full potential and have the inner source of motivation.

Without motivation and passion, do you think you can go for the long run? The answer is obvious, this is why most people give up. They lost the motivation to go on. And you must not let this happen to you.

And for you to keep on doing for the long run, you will need your inner source of motivation, which is by doing something that you really love.

2. Economic Engine Of What You Do

If you want to be rich, you must find a way to monetize what you love to do. No matter what you love to do, there is a way to making money from it.

If you love to play with numbers, you can be rich through investment. If you like to teach, you can be a teacher and build a big business in education line. You can share your knowledge via books.

If you love to play tennis, you can start a sports center by teaching or selling tennis rackets or shoes. There are a lot of ways that you can make money from doing what you love.

You just need an idea for you to do it. If you love what you do but you are not making money from it, you will never attain your goal, which is to be rich.

3. What You Think You Can Be Best At

Yes, that’s right. If you want to be rich, you must do what you can be best at. Many people are not doing what they can be best at, and this is what is causing them to produce only mediocre results in their lives.

For those who discovered what they can be best at, and if they do it with 100% commitment, you will see that they produce amazing results from what they do.

If you do things that you think you can be best in, you can definitely produce amazing results in your life. Think about Donald Trump, Michael Jordan, Warren Buffett, Bill Gates, Oprah Winfrey and more. They are the best in what they do.

This is how you can raise yourself to become the top 5% in your industry. If you are not doing what you can be best in, you can never produce the outstanding results that you want.

Therefore, if you can identify this one single thing that you love to do, can be best at and you know how to make money from it, you will definitely become the next millionaire.

Once you have identified it, you just need to put in 100% focus and commitment to make it happen.

Posted by Shawn on March 9th, 2010

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7 Main Differences Between Rich And Poor People

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Rich or poor, which category do you fit in?

Most people want to be rich, but most of them are poor, why?

There must be some differences between rich people and poor people. If you study carefully, you will find out why rich and successful people are able to produce amazing results in their life, and why some people are living in poverty.

To be rich and successful, you don’t need to be lucky, extremely hard working or you need to have a college diploma or a university degree.

What you need, is the right mindset and the right mindset will form the right habit. As a result, the right habit will lead you toward the financial abundance kind of lifestyle that you always desire.

So here are the 7 main differences between rich and poor people…

1. Rich people believe that they create their lives while poor people believe that life happens to them. Can you see why rich and successful people are able to create amazing results in their life right now?

It is simply because they are in control of their lives. They believe that they are the ones who is responsible for their lives, they are the ones who is creating their future, not the economy or the knowledge or luck.

On the other hand, poor people will always give excuses and blame on the circumstances. When they failed in their business, they will blame the economy, their boss, their family or anything that did not go according to their plan.

Whenever you believe that life happens to you, you will lose the power to change and the power to control your future. You must believe that you’re the one who is creating your future, not other people or events.

2. Rich people play the money game to win but poor people play the money game just not to lose money. This is a big mindset difference.

Have you ever seen people invest in the stock market? Some people are so afraid that they will lose their money and they form a mindset that blocks their creativity. They formed the mindset of ‘investing not to lose the money’.

However, rich and successful people know exactly how they need to think in order to win the game of money. They will think and act from the view of playing the game to win. Unlike poor people, they will never invest just not to lose the money.

3. Rich people think and focus on opportunities while poor people focus on obstacles. When you face with problems, what are you focus on?

Are you focus on the problems, thinking how bad the situation is going to be? Or are you focusing on the solution and thinking about how you can solve or even turn the situation into opportunity?

Think about this carefully. No matter who you are, you will definitely face with all kinds of choices in your life. And when you need to decide to move on, try to notice on you thinking, what do you focus on, the solution, or the problem?

4. Rich people dare to dream big, poor people think small. When I tell my parents that I want to make a million dollar, they will tell me, “Why do you need so much money? You can live a very good lifestyle if you got a job that has a good pay. You don’t need to be a millionaire.”

I don’t know about you, but this statement happens to me all the time. And I definitely believe that poor people will tend to think small while rich people always think big.

To poor people, they will think that rich people are greedy because they always think big. Is it true that you are being greedy if you think big? I don’t know if I buy this, but to me, I’ll think of it as a waste if you’re not using the resources available (your thinking) to you at full.

Don’t you owe it to everyone around you to create a better life for them? Don’t you want your family to live good? So think big and create the abundance lifestyle for these people right now.

5. Rich people are committed to their dreams, poor people are just dreaming about their dreams. Yes, this is an obvious one.

If you’re not committed to be rich, you can never be rich. How many times have you heard people say that they want to be rich, but they never do anything about it?

This is the mentality of poor people. They will just think about how good it is going to be if they are rich, but they will never do anything about their dreams. They know that they cannot afford a luxury car if they have a low pay job. The thing is, they never do anything to change it.

On the contrary, rich and successful people are committed toward their dreams. They will do whatever it takes, in the boundary or moral and ethics of course, to achieve their dreams.

6. Rich people associate with rich and successful people. Poor people will associate with poor people. Do you have any rich friends? Or all of your friends are poor?

I’m not suggesting that you need to stop making friends with poor people, what I’m suggesting it, try to get to know more about rich people. The more you mix with them, the more you will think like them. And if you think like them, you will start to create amazing results just like them.

If most of your friends are poor and their working salary all are below, $2,000, you will be having the same range of salary most of the time. However, if you associate with rich people who are making $2,000 in just a day, you will start to see the possibility of what you can accomplish in your life.

And this will change your thinking of what you can achieve in your life. $2,000 will become a small amount for you once you changed your mindset about money.

7. Rich people good learners while poor people think that they have learned everything in the world. One of the fastest ways to be financially abundance is to learn directly from people who have already achieved this status.

And if you’re not willing to learn, you will never be able to be successful. If you want to get the best pay, you must be the best. And the only way you can be the best is to learn from the best and learn to be the best.

You now know what are the 7 main differences between rich and poor people. Do what rich people do and try to avoid the adopting the mindset and habits of the poor.

This will guarantee you a financial abundance lifestyle.

Posted by Shawn on January 18th, 2010

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Top Secret - Why Most People Fail To Become Rich

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Do you want to know why most people fail to become rich? Let me tell you the answer. The number one reason most people fail to become rich is…

Most People Don’t Have The Courage

Yes, you read it right. Most people don’t have the courage to be rich. Even if you’re saying that this is not true because the reason you fail to become rich is that you don’t have the knowledge or the money or… Let me tell you this, all of what you’re giving are excuses.

If you say that you don’t have the money to start your own business, let me ask you this question, “Do you know that most business started with no or low capital but an idea in the head?”

If you’re going to tell me that you don’t have the time to become rich, think about it again. Everyone has 24 hours in this world. If there are people who can manage to do it, so can you. It is all about being more effective.

If you don’t have the knowledge or the skill required, learn them. There’s no one who were born with everything in their mind. Some people are good at math not because they are more talented. It is because they have more confident in math, they do more exercise and hence they tend to produce better results. And guess what, you can do that as well!

So give yourself no excuses from now on and just agree with me.

The main reason people fail to produce the kind of wealth they want in their life is simply because they don’t have the courage to do it.

You know you can be rich. It is just a matter of being courageous to do what is necessary to make that change. You know you can learn to invest in stock market by reading books, attending seminars and participate in workshops. However, are you doing it?

You know it very well that you can be rich, but are you doing anything about it? Why you’re not doing anything about it? It is simply because you don’t have the courage to change.

It takes risk to change.

And the key is, people hate changes. People hate to venture out of their comfort zone. They tend to stay and do things exactly the same way like old times rather than change it to get different results.

Venture out of your comfort zone is not something comfortable. It often requires your courage to do it. And this is why most of us are not rich, simply because we don’t have the courage to change it.

As you can see now, if you want to be rich, you must first have the courage to want to venture out of your comfort zone and to change.

In order for you to be courageous and to change, you must create a leverage. What I mean here is that you must be in a situation where you MUST change.

If you wish to change, want to change or ought to change, you will never change.

You have to come to a point where changing is a MUST for you. And that is what I called a leverage.

Why do you think some people have the courage to commit crimes? Instead of knowing that it is against the law and they will get punish for what they do, they still have the courage to do it. Why is this so?

It is because it is a MUST for them. They tend to think that if they don’t do it, they’re going to suffer more pain.

And you have to do the same for your financial success as well. (In the context of moral and ethics of course, :-P)

Find out the pain that you’re going to suffer if you’re not going to change. Write them down.

Find out all the pleasures you’re going to gain if you changed and achieved all your goals. Again, write them down.

The stronger the reasons you have, the better leverage you’re going to create.

So this is all you’re going to learn today. You’ve learned that the number one reason people fail to become rich is because they don’t have the courage.

And in order for you to be rich, you must be willing to take the changes and venture out of your comfort zone. And you can do this by creating pain for not changing and gaining pleasure by being courageous.

Posted by Shawn on October 28th, 2009

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If You Want To Change Your Life, This Is Where You Should Start

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Do you want to change your life?

This is where you should start, from your mindset - or in other words, your thinking.

You are what you think. It is what you think that will affect your decision and the action you are going to take in your life. Your mind is where everything begins. It is the idea in your mind that will makes you successful and rich.

Many people seem to not understand that in order for them to change their life for the better, they will have to start from their mind.

Most people thought that if they want to be rich, they must own big bungalows, sports cars, dine in the finest restaurant and so on. This is just the opposite.

You have to first change your mindset before you can change your physical life.

Think about it, someone who is proactive will actively search for opportunity and he will eventually found one, take action on it, and create amazing results from that.

What if you are not someone who is proactive? The whole story will be different. If you have the thinking that in order to be rich, you will need to have luxury cars, living in big bungalows, and more, you will never be rich.

This is exactly what is happening with most people. When you ask someone what do they need to consider rich, they will tell you all sorts of luxury cars, houses, and many more. Once they have all these classy stuff, then they will consider themselves as rich.

This is totally the opposite of the thinking of a successful person. Every successful person knows that you must first get rich in your mind in order for you to attract wealth, and then only comes to obtaining those classy stuff.

If you think that you need to have a sports car to be rich, you are putting the cart before the horse. This may seems ridiculous, but this is exactly what most people are thinking.

Wealth does not comes from your material possessions.

Have you ever wondered why most people who win lottery lose all their money within 1 year? This is because once they get the money, they use it to buy all the things that they think will make them rich. And this is what causes them to lose all their money.

Have you ever wondered why some people like Donald Trump, who had lost all his money, gone broke, but able to turn it around and be even more wealthy again?

This shows only one thing, wealth is created from your mindset. What you think will determine how wealthy you are.

I believe that now you are clear that if you want to change your life, be rich and successful, you will have to start from your thinking.

So how can you change your thinking and your mindset?

The answer is very simple, you can either learn it all by your own experience or you can learn from other people. Learning from other people will be the best choice as you will never have to go through all the mistakes that you are going to make yourself.

You can shortcut your learning edge by replicating the mindset of other successful people. What you can do then is to read and learn more in this field. Pay a visit to your local bookstore and grab some books regarding the field you are going to learn about and start changing your life right now.

Remember, you are who you think you are. If you think you can do it, you can do it.

How To Activate The Law Of Attraction

I believe that you know what is the law of attraction and how it works. This law simply states that to get what you want in your life, you must first manifest it in your mind. This is exactly what we have been discussing right here in this article.

This law of the universe is one of the most popular laws. It was made famous by the hot seller, The Secret.

Since the releasing of The Secret, millions of people have addicted to this law. Unfortunately, most people find this law does not work for them.

Why is this so? If you have read The Secret and you have also applied the principle taught in the book, but you haven’t manifest what you want into your life, it is simply because you are not following through the other laws of the universe.

Did you know that the law of attraction itself is incomplete?

There are still many other laws of the universe that many have forgotten. As a result of this, most people who practice the law of attraction alone end up fail to manifest their dreams and their goals.

Bob Proctor – one of the key figures in “The Secret”- believes that the Law of Attraction is incomplete, and for the first time ever, he reveals the 11 Forgotten Laws that will finally uncover the Law’s true potential.

It is said that the 11 Forgotten Laws add up will form a concise and complete system that has been specially formulated and PROVEN to give you accelerated – and permanent – success.

So before you pour in your time, your money and even your hope into the law of attraction, find out what Bob Proctor has to say about his 11 Forgotten Laws.

Posted by Shawn on September 4th, 2009

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Developing Your Millionaire Mindset

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‘Millionaire mindset’, this term has becoming more and more popular these days. Why is this so? I guess one of the reasons is because more and more people start to realize that if they want to be a millionaire, they’ll have to start from their mind.

Is it true that in order to be a millionaire, you’ll have to start from adopting the millionaire mindset? If you go to the hospital and if you look through the maternity ward window, you’ll see all the babies there. Do you know which one of them will be a future millionaire? Can you tell which of the babies are going to be the next Bill Gates? Chances are, you don’t.

So what does this tell us? It shows us that we’re all the same. We were born with the same brain, the same opportunity and were the same physically. Of course, this excludes people who were born handicap. But the thing is, most of us born the same. The only difference and the only factor that determines our future and our success is our mindset.

That is why mindset is so important that if you want to become a millionaire, you’ll have to start by adopting the millionaire mindset.

Is Millionaire A Risk Taker?

One day I went to consult my lecturer about my final year project, and then suddenly she told me, “High risk, high return. Low risk, low return”. Is it that if you want to be rich, you’ll have to be a risk taker?

Do you think that Donald Trump or Warren Buffett is a risk taker? In my very own opinion, the answer is a no. To me, risk is contextual. Or in other words, risk depends on the situation.

Let me give you some examples. If I’m going to tell you to drive a Formula One race car at the maximum speed, do you think you’ll crash? Most probably. The chances of you getting an accident will be high. However, if you are a trained racer, you’ve the skill just like Michael Schumacher, do you think that the risk will be lower?

Of course it will! If you know what you’re doing and you’ve the skill in driving a Formula One race car, it is easy for you to drive a maximum speed. You’ll never get involve in any accident. This is why I said that risk is contextual.

Another example is this, if you’re going to climb Mount Everest, and if you successfully reach the submit, I’ll give you $100 million dollars. And so you decided to climb it. Do you think the risk of getting in an accident is high? Of course it is. You’ll fall and you could die because of that.

However, if you’re seasoned mountain climber and you’ve successfully climbed it a few times before. Do you think now that there is a risk involve? Yes, but you’ve greatly reduced the risk to almost zero.

So you see, risk is contextual. Many people thought that in order to be rich, they’ve to take risk. You’ve learned from the above that risk is contextual. As long as you know what you’re doing and you’re clear with the situation, risk can be greatly reduce.

Developing Your Roadmap To Wealth

Now, you know that risk is contextual, but how are you going to develop or create wealth? Like I mentioned in my previous post, Wealth Is Created With An Idea or a vision. You don’t need to have a master degree in business or a PhD in marketing in order to be a millionaire. All you need is an idea, a vision and a dream.

Developing your millionaire mindset is not only about reading and learning, it is an action-course. You’ve to take action and learn through the process. Whether it is buying your first bicycle, building your business or becoming a millionaire, you’ve to take action and take the journey.

You’ll reach nowhere if you’re not willing to take the journey. Taking the journey is one thing, another common reason most people live a mediocre life is because they don’t know what they really want in their life.

Once you knew where you are heading, all you then need to do to arrive at your destination is to travel the journey. You can take bus, walk, travel by car, by train or by aeroplane. No matter which method you’re using, you’ll eventually reach your destination, it only a matter of time for that to happen.

However, if you don’t know where you’re heading, you’ll never reach your destination. If you want to be a millionaire, you’ll have to live your life from the end. You read a book from the beginning, but you live your life from the end.

What I mean here is that you’ll have to decide what you’re going to achieve and at what age. This is as if you’re deciding to live from the end. You determine the end point of your life, what you want to achieve and when you’re going to achieve it. Then you create a strategy plan to achieve it. This is how a millionaire live his life.

By knowing what you want, you can then stay focused on it and keep on moving toward it.

There are a lot of millionaire mindset out there. What you need to do is to take the journey and learn along the way. You’ll discover those mindset as you’re travelling the road to wealth. So take the responsibility of each decision that you’ve made. No matter whether that decision made you a success or a failure, you need to take the responsibility for it.

The moment you start to take the responsibility, you’ll start to change your life, you’re learning through it because you’ve become the center of all else. Everything happened because of you, and so you’ll have the power to control and to change the situation. This is the single most powerful millionaire mindset you must adopt right now.

For things to change, you must first change!

Posted by Shawn on November 23rd, 2008

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Wealth Is Created With An Idea

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IdeaYou can have all the money you want, if you know how to make use of an idea.

Every money making opportunity starts with an idea. The monitor screen you are looking right now, the keyword in front of you, the internet browser software you are using to read this article, even the blog and the post you are reading right now, was once an idea in somebody’s mind.

Let’s face it, everyone wants to be rich, everyone wants to be a millionaire and everyone wants huge money. The main problem with most people is that they don’t know how they can create the wealth that they desire.

Have you ever heard of this guy called Moe Siegel? Moe is the founder of the Celestial Seasonings tea. Before he created all his wealth, when he was picking seeds and herbs, he would tell his fellow friends, “Someday I’ll have a tea company to rival Lipton.” Everyone always said, “Yeah, sure, sure.”

Well, he started by selling his little teas to health food stores. Then he began expanding, and before long he was selling them to every chain in America.

The moral of the story is this, did Moe start with money? Did he start out with big factory or warehouse? Did he have a giant corporation behind him? Was he negative?

The answer to all the questions above is NO! So what does this mean? It means that creating wealth start from an idea, a vision, a goal, or a dream.

If you don’t believe this, simply read the biography of every successful person and you will find that they all started with absolutely nothing. In fact, many of them started broke. All they have is an idea and a vision of making it big.

If you are going to be a millionaire, you must start with an idea, nurture it, cherish it like helpless little baby. It will grow. You’ll have other idea flash into your mind that will tell you how to can do it. Then you do it!

This is the real secret how to create wealth!

Do you still skeptical about the statement that wealth is created from an idea or a vision?

After going through this favorite story from Dr. Norman Vincent Peale, I believe that you’ll agree with the statement…

It’s wintertime in Cincinnati long ago. A cold wind chills the crowds hurrying along the busy street. A young boy, at the age of around 11, has stopped outside the building that houses the city’s newspaper, the powerful and respected Cincinnati Enquirer.

One figure particular has caught his eye: a burly man in shirtsleeves seated at a central desk. An unlighted cigar is clamped between his teeth. His desk bristles with scraps of typescript impaled on spikes. Papers overflow from wire baskets. But power emanates from that desk, and the boy in the street can sense it. He knows that this man is in command.

A policeman saunters past, twirling his nightstick. And the boy turns to him, and ask, “Officer, who is that man in there? The one with the eye shade and the cigar?”

“Him?” The policeman answers. “He’s the editor, sonny. The editor of the Cincinnati Enquirer, that’s who he is.”

The policeman moves on. Finally the boy goes down the street, looking just as he did before. But he is not the same as before. He is changed. He’s no longer aware of the cold wind or the hurrying crowds around him. Inside his head a scene is forming - not just a vague or casual daydream, but a vision of the future that has all the reality, all the intensity of the present.

Intuitively, the boy knows that sooner or later what he is visualizing will come to pass. He is sure of it. The scene in his head is a replica of the scene he has just witnessed behind the plate-glass window, with one all-important change. The occupant of the editor’s chair, thirty years hence, is himself.

This boy is Roger Ferger, a poor youngster with no connections, no advantages, nothing except an image so powerful that it will bend all the laws of probability until they conform to an even stronger, though hidden law.

This is how you can create wealth, with an idea and a vision in your mind. Ideas are everywhere. Once an idea comes across your mind, write it down. If you think that you’re not creative enough and you don’t have any money making ideas, don’t worry, a vision will do the job.

So do you have a vision? Have you ever came across a sport car on the road that truly caught your attention, and then you said to yourself, “One day I’m going to own it.”

Well, that is a vision. I believe that everyone here has a vision. If you think that you don’t have any vision, it is most probably because you’re not aware of it.

Pay close attention to what you think everyday. Find out what you really want in your life, look for your vision and start to develop that idea.

Having an idea of generating wealth is not enough, you need to focus all your energy on making that idea or vision comes true. Too many people dangling in nowhere because they just dream of becoming rich, but they never really take action to make their dreams come true.

Remember, nothing is going to happen automatically. There are reasons for everything that happens in your life. So make the dreams of yours, the ideas in your head, the vision and the goals you had in your mind the reasons for you to be rich.

Posted by Shawn on November 19th, 2008

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How To Plan Money Seeds In Your Life

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Money SeedsDo you want to become a millionaire? If you do, then you will have to learn how to plan the money seeds. What are money seeds actually? Money seeds are not big wealth, they are small actions that you take everyday that will bring you to huge wealth over time.

Many people underestimate what they can do with small actions. When small actions accumulated over a long time, they bring big money to you, they will make you a fortune. One of the reasons most people are not doing this because it is a mundane and tedious work.

Planning money seeds is a snowball effect. Imagine that a snowball rolling down from a hill. Along the way, the snowball will get bigger and bigger because it accumulates more and more snow along the way. This is how money seeds work.

The question now is…

How Can You Plan Money Seeds?

The answer is pretty simple, like I mentioned above, money seeds are the small actions that you take everyday that will propel you into big wealth. And the best money seed in creating wealth, is ’service first’. Practice giving a better service first and you will automatically plant money seeds in your life.

Most people adopt the ‘money first’ attitude, this is why most of them are not rich. Why? Think about it, if you put ‘money first’, you’ll become so money-conscious that you forget money can’t be harvested unless you plant the seeds that grow the money. And the seed of money, is service.

Have you ever went for any restaurant that gave you almost perfect service? What do you think about that restaurant then? Will you going back for more? Of course you will!

Let me give you an example here. Tom is just like many people you know, he adopted the ‘money first’ mindset instead of the ’service first’ mindset. Each week, he spends hours of company time working on his personal budget problems. He told you that he is the most underpaid person in his company. Tom works in a multi-million company, it is paying other employees big salaries but not for Tom.

Tom even tried to ask for pay raise and often, his boss told him this, “Why do you believe you are justified in asking for an increase?”. And Tom gave him a lot of reasons, “I’d been passed over when others around here were getting pay raises. My bills are getting larger and my paycheck isn’t. I do everything around here they ask me to do.”

Is this is what happening to you? Do you ever have the thoughts in your mind, “Sure, I could do a better job if they paid me for it, but only a fool does something he isn’t paid for.” If you have this kind of thinking, you’re having the wrong mindset! You have to change it now.

You don’t get a raise on the promise of better performance, you get a raise only by demonstrating better performance. You can’t harvest the money unless you plant the seeds that grow money.

Let me give you another clear example of how you can plant your money seeds using the ’service first’ mentality.

Consider which producers make the money from movies. The get-rich-quick producer proceeds to make a picture. Putting money ahead of entertainment, he cuts corners everywhere. He buys a poorly written script and employs second-rate writers to adapt it. In employing actors, arranging sets, even in recording sound, he puts money first. This producer thinks the movie-goer is a sucker, someone who can’t tell good from bad.

But the get-rich-quick producer seldom does get rich quick. There never is a bandwagon movement to buy anything second-class, especially when it is given a first-class price.

The producer who enjoys the largest profits from pictures put entertainment ahead of money. Rather than chisel the movie-goer, he does everything possible to give people more and better entertainment than they expect to get. As a result, people like the movie. It gets talk about, it gets good review and it makes money.

I believe after going through this example, you are now cleared with the meaning of planting money seeds and how you can do so. Here is a powerful rule that will help you to develop the habit of planting money seeds in your life:

“Always give people more than they expect to get.”

The moment you do something more than expected, you will raise the value that you created for people. People will notice and they will appreciate more. As a result, if you are a salesman, you will end up selling more and making more money.

Remember, the moment you fill your mind with ‘money first’ attitude, you will do everything because of money. And people can smell that, they can see it in your face that you want their money. That is why you’ll hardly make sales or money if you adopt this mindset.

Change it now. No matter what you do, you need to do it from the ’service first’ mindset. This is the key that will bring you towards your success.

Posted by Shawn on October 29th, 2008

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Multiple Streams Of Income

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Multiple Streams of IncomeIf you want to be rich, you must know this concept. This is the concept that makes the rich richer and the poor poorer. Every rich person knows that in order to stay rich forever, they must create multiple streams of income.

If you are just like everybody else, who just depends on their monthly paycheck, you’ll never become rich and it will be hard for you to retire financially free. So ask yourself this very question right now:

“How Many Income Streams Do You Have Right Now?”

If your answer is one, then you’d better get yourself busy and create extra streams of income for yourself. You cannot just depend on one stream of income. If you are just depending on one income stream, when this income stream deplete, you cannot survive.

Therefore, you must learn and create more income streams from now on. Your plan to becoming a millionaire is to create as many income streams as possible. If possible, create one each year. That means, by the end of 10 years, you will have 10 income streams.

5 decades ago, you could depend on just one income stream to survive. However, in today’s world, it is barely enough even if you have 2 income streams. The world today is not the same with the world 50 years ago. That is why there are so many money making opportunities created everyday. This is simply because people are getting more and more frustrated with their life, money is never enough for them.

One very important point about building multiple streams of income is this, you have to make sure the streams of income you created are passive income. Passive income also known as recurring income. It is the kind of income that you have to work hard for once, then it will continually flow to you. This is the kind of income that we want.

I’m sure that you don’t want to spend your whole day creating another ‘job’ for yourself right? This is why passive income is so much important in your road to financial freedom.

Ask yourself this question:

“What Makes Rich People Rich?”

Is it because they work 25 hours a day? No, both you and Bill Gates have the same 24 hours a day. Is it because rich people work 10 times harder? No, you know that many other people are working a lot harder than Warren Buffett, but they are just earning peanuts. Then what makes rich people rich?

It is because that rich people understand the concept of multiple streams of income and they know what is passive income. Once you knew the power of these 2 concepts, it will be easy for you to become rich, to be a millionaire.

Frankly, nobody ever teaches us about how to create more wealth. Schools never teach about Money101, yet money happens to be one of the most important subjects in our life. Instead what do we learn? We learn Geography, History, Arts, etc. which we never really use that much in our life. We learned all all our money knowledge from our surrounding, books and experience.

If you learn most of your money knowledge from your parents, chances are, what you have been learning is inaccurate. Why? This is because they are not rich. If they are millionaires, then you are learning from the right people. Even if you buy books from so-called wealth experts, do you finished those books? Studies have shown that almost 90% of the people who bought a book never finish it.

Here is a great quote from George David:

“Wealth Is When Small Efforts Produce Big Result, Poverty Is When Big Efforts Produce Small Results.”

I hope that this article helps to open your mind about wealth. If you are not building multiple streams of passive income today, you should really consider strongly about doing so.

Posted by Shawn on September 30th, 2008

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The MONEY TREE Formula (Part 3)

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Money Tree FormulaWelcome back. This post will cover the final part of MONEY TREE FORMULA. Still remember what is the main uses of this formula? It is for you to create multiple streams of passive or residual income. We don’t want linear incomes in our life. This is because for linear income, once we stop working on it, the cash flow will stop as well, which is what we don’t want to. What we want here is that kind of cash flow that even when we stop working for it, the income will still flow into our pocket. In other words, we work once, but make profit for the rest of our lives. So let us continue with the MONEY TREE FORMULA.

MONEY TREE - T stands for : Trend and Timing

To start a business against the trend is exactly like swimming opposite to the direction of current. When we choose a business that is with the trend, it is just like floating together with the current. But, how do we know that a certain business is on trend? It is around 1968, a lot of babies were born, and we refer to those who was born at that time as baby boomer. At that time, if you start your real estate business, you will make a killing by owning properties. The timing is exactly right, you could do almost nothing wrong. So you can see, the secret here is to get in front of a trend and ride along with the wave.

The biggest wave of our century is the baby boomers period, almost 76 million people. This number is almost four times the number of previous generation. And what more important about this mass of humanity is that, it creates a huge demand wave. Picking businesses which are at the leading edge of this age wave has created thousands of fortunes. You need to make sure that your new business is leading this trend and not following it. It can make a huge difference in your lifestyle. So you can see here, the bigger the market the higher the demand, therefore, you need to choose a good trend and timing for your business. And the best timing is to hit the market of the generation of baby boomers.

Let me give you a good example. Have you ever walked up a Down escalator the wrong way? When you walk up the Down escalator, you have to walk fast just to stay in the same place. And to get to the top, you have to walk at double speed. People on the Up escalator don’t have to work hard at all. They just stand there holding the handrail, and the escalator takes them to the top. This is what is happening if you’re to swim downstream along with the current. In fact, there’s not much that you need to use your own energy to swim, the wave will bring you to where you wanted most! That’s why it is so important to go with the trend.

MONEY TREE - R stands for : Residual

Well, we’ve already talked about the need for residual income as a major part of the MONEY TREE FORMULA. In the past, how many people ever make it to become a millionaire? The answer is, only a few. And for this generation, with the help of technology, especially the internet, it will help you easier in your life to become a millionaire. In fact, never before it is this easy to be a millionaire. Look at all the self-made millionaire, they’re getting younger and the numbers are increasing drastically! In the past, people only depend on paper assets and brick and mortar business to become very rich. But now, even a very young kid can be a millionaire.

Why is this so? This is because of the power of residual incomes. Then what has it got to do with the timing? Why in the past so few ever made it to ultra rich? Why now we’ve got some kid who made a fortune at a very young age? A very simple answer, because we are living in the information age. Why information can make you a millionaire in such an easy way? Again, this is because with information, your ideas count! This is why you have to use your idea to create residual income if you want to be a self-made millionaire. There is no use if you can make a million dollars with half of your life time gone managing your business.

Ok, get back to the escalator example that I use just now. The two escalators also can be use to represent the two kinds of income that you can earn: linear income and residual income. Our economy is a Down escalator. You work hard for your money, but with inflation you have to earn three to five percent more next year just to stay in the same place. But this puts you in higher tax brackets. The more you make the more taxes you pay. It seems you work harder and harder without making any progress. Your bank account balance earns two percent and your credit card balance costs you 20 percent. You’re going in the whole 24 hours a day. You wonder why you can never catch up. And if you stop, guess what happened, the escalator just takes you right back down to the bottom.

So now you can picture a more clearer concepts of the importance of residual income. Here is another good example. Do you know how they catch monkeys in Africa? A native takes a coconut and cuts a hole in it, just big enough to allow a monkey’s fist to enter. To the other end of the coconut the man attaches a long cord. He places a few peanuts inside the coconut, places the coconut in the middle of a clearing, and hides behind a tree to wait for the monkeys to come. The monkeys come and smell the peanuts inside the coconut shell. One monkey reaches inside the shell to grab the peanuts, but while holding the peanuts the monkey’s fist is too large to escape the hole in the coconut. The native, then, yanks on the cord and hauls that silly monkey to captivity because the monkey will not let go of those peanuts to save his skin. Are you working for peanuts? If you’re walking up the Down escalator, you are caught in a Monkey Trap. What you want is Up Escalator Income. Which escalator are you on?

Before you go to sleep tonight, ask yourself how much percentage of your day that you spend creating residual income? If your answer is zero, then you’re in trouble. You’d better wake up tomorrow and get busy.

MONEY TREE - E stands for : Essential for Everybody Everyday

Whatever you sell, try to pick something that is essential or is perceived as essential by a large and very motivated segment of society. Take the example of real estate, the real reason that real estate has always been a great wealth creation vehicle and a prime source of residual income for hundreds of thousands. It fits the MONEY TREE Formula. No matter what product or service you choose, make sure it’s Essential for Everybody Everyday! The more people need it and the more often they need it, the more successful your business can become.

MONEY TREE - E stands for : Enthusiasm

You’ve got to love what you do. If you hate what you sell, you’ll never be any good at it. The prime admonition from Gary Halbert, one of the all time great marketing gurus, is this: “SELL WHAT YOU LOVE.” The truth is, you’ll never be truly great unless you do. Once you love what you do, you will treat them as a game. Which also means that you play to make money, not work to make money. And this is very true. Some people say, just do what you love, and money will follow. Besides that, only by doing what you love, you will feel passionate about it, you will feel motivated, and has the enthusiasm to do it more.

Well, there you have it, the nine major characteristics of the MONEY TREE Formula. These nine characteristics are essential to the kind of hands-off, hassle-free businesses that create lifelong streams of cash flow.

Read: The MONEY TREE Formula - Part 1 and The MONEY TREE Formula - Part 2

Posted by Shawn on September 19th, 2008

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The MONEY TREE Formula (Part 2)

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Money Tree FormulaHi, welcome back to part 2 of The MONEY TREE Formula. First, do you know who is Warren Buffet? I’m sure you know who he is. Warren Buffet is the smartest stock picker in history, he is the richest investor with a net worth of tens of billions. What if one day Warren Buffet himself call you on the phone and told you that which stock is going to rise dramatically, he told you that he had invested all his money into that single stock. What will you do? Are you going to follow him or are you going to say sorry to him and turn him down? Well, I’m not Warren Buffet and I’m not brilliant investor. But what I’m going to share with you below is the MONEY TREE Formula presented by Robert G. Allen, I hope that this will help you in you financial road.

The first step to picking the right income streams is to pass them through the filter of the MONEY TREE Formula - The nine essential characteristics of the ideal income stream. Having a MONEY TREE assumes that you have continuous streams of cash flow which is in autopilot, or in other words, without your presence. To do this, you must be in a position to control, to create and own that stream of income. You may still retain your employee position, but on the side, as a way of protecting your long term financial future, you need to create additional streams of income, as soon as possible. You cannot only depend on your job salary, this is because working for someone else is not secure anymore. It’s just the illusion of security. We won’t know when we will get fired or when unfortunate things going to happen and we will lose our only secure job.

MONEY TREE - M stands for : Multiple Streams of Income

The first thing to do is to add another stream of income to your life. This will work as safety net for when one of your stream dries up. You can choose to start your home based business, which should be a source of more than just one stream of income. It should be eventually a source of Multiple Streams of Income all by itself. For example, suppose you’re considering buying an existing restaurant. What possibility will you have to grow?

* Can you add more shops?

* Can you franchise the business?

* Can a food entrée of yours be sold nationwide as a frozen item?

* Can you license your special cooking secrets to other restaurants?

* What about bottling and selling your special sauces?

* What about a cookbook?

Get the drift? Don’t even consider a business that doesn’t have expansion potential for additional streams of income. That’s why the first M in the formula reminds you of Multiple Streams of Income.

MONEY TREE - O stands for : Outstanding Product or Service

Well, if your product or service or information is not excellent enough, most probably you will become casualty of the competition. The reason for planting money tree is to do the work once and enjoy the fruit (money) for the rest of your life. It makes no good if you create a business and in the end have it succumb to competition. In order for your stream of income to survive through recessions, you must choose a product, service or information that will stand permanently and perpetually profitable. Only then during tough time, you can survive your stream of income. People will gravitate either to price or quality in tough time, so don’t get stuck in the middle, that’s confirm a disaster formula. Do not compete your price with the rest of the world, make sure the quality you produce is outstanding, and the best is, fair price. Therefore only you will succeed for the long term.

MONEY TREE - N stands for : Nothing Down

Ok, why nothing down? Well, it is not necessary have to be all zero down, but as little of your own money as possible. For average person, they don’t have a couple of hundred grand lying around waiting to invest. What if you have a lot of cash, should you invest in business to match your money and launch in? Suppose you want to buy a hot franchise, you will then need to purchase inventory, the franchise rights, equipment, and many other things. For most franchises, you will tie to a business of 12 hours a day, manage your very own business. What do you get in the end? You spend tens of thousands of dollars of your own money just to buy yourself a job with a lot of risk. That is why you need to choose streams of income with little or nothing down.

MONEY TREE - E stands for : Employee-resistant

Yes, you read it right, it’s Employee-resistant! We don’t want to be employees, they are dangerous! It will make you entitled to your jobs (”You can’t fire me. I own this job.”) What you want here is to find a home-based business that can be done by yourself, with a very low employee to income ratio. The story from Robert Allen :

‘I used to be the president of a seminar company with over two hundred employees. I made the decision to downsize when one of the employees sued me for age discrimination. He was in his late sixties when he came to work for us, and when we laid him off during an economic downturn he slapped us with a $500,000 lawsuit. We settled out of court for $2,000, but that was the last straw. I decided to never again put myself in a position where one disgruntled employee and a smart attorney could take it all away. Today, I (Robert Allen) have zero employees. I make as much today as I used to make with 200 times less hassle. I like it that way. All of my streams of income can be monitored (in just a few hours a day) from a telephone anywhere in the world.’

So now you know why it is Employee-resistant. Try to find Money Tree businesses that don’t require any employees, and then you don’t have to worry about either hiring or firing.

MONEY TREE - Y stands for : Yield

The Streams you choose should be of high yielding, high profit cash flow. Here is what Robert Allen going to say:

‘Five years ago a friend of mine, Collette, started such a home-based business. In less than a year she was making about $10,000 per month. What’s more, this business was a Money Tree business. It generates cash flow even if she stops working! But why stop when she is having so much fun? Today, after five years, she has grown her business till she now earns over $500,000 a year net, net, net. What’s the yield on that kind of income? It’s the equivalent of having TEN MILLION DOLLARS in the bank earning only 5% interest! That’s my idea of yield. In my Multiple Streams of Income book I share exactly how Collette did this. I also give other businesses that meet the same kinds of Money Tree characteristics.’

Read: The MONEY TREE Formula - Part 1 and The MONEY TREE Formula - Part 3

Posted by Shawn on September 18th, 2008

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