Posts

Showing posts from 2014

How To Get Rich - Understand Networking

Have you ever heard of the term  "networking" ? Do you understand how networking can grow your wealth ? The wealthy know and so should you ! Networking Defined Most of us have heard of the term network marketing when it applies to companies like Amway, Fuller Brush, etc. These are companies that have chosen to market their products through a network of individuals instead of the more traditional wholesale, retail methods. Companies that sell through a network of individuals is much more efficient at distributing the wealth among many instead of a select few. The more people an individual can get into their network, the more income they can earn. This creates more individual opportunities. But the word networking today can mean much more than the selling of products. Networking today can actually save you money on your everyday living expenses. It is actually an old term called "bartering" which was used extensively before money was widely used. Network

3 Big Real Estate Mistakes To Avoid

Do you love the idea of making big money in Real Estate ? Do you think anyone can build their fortune with Real Estate ? If you answered yes, then you had better read on ! Mistake #1 I have been to many Real Estate presentations from various promoters who claim anyone can make a fortune with Real Estate. They play on your emotions and get you excited about entering the big leagues and making the big dollars. Is it realistic to expect everyone that attends one of these presentations will become a real estate tycoon ? Not likely ! When it comes to any type of investing, keep your emotions at home. Investing in anything based on emotion can be a disaster, especially when it comes to Real Estate. If you find yourself really excited about an investment opportunity, put it down and walk away. Distance yourself from the excitement and take as much time as you need to calm down and get your head together. Investing is a business, not a marriage. Do not get excited, fall in love, or

How To Get Rich - Being Lazy Is Not Always Bad

Do you think lazy people deserve to become wealthy ? Do you think you must work hard all day every day to deserve wealth ? Truth is many of the wealthy make money by being lazy ! Pants On Fire Attitude If you are like me, you were brought up with the attitude that you must work hard every day to get ahead in life. You must work hard at school, get good marks, get a good job, etc. etc. This attitude persists today in what I call the Pants On Fire Attitude. You get a good paying job, or maybe two or three perhaps. You make lots of money, but you spend a lot of your time doing it. In fact many spend so much time making money, they leave little or no time for the important things in life. They leave no time for living. Why Lazy Is Considered Bad Our society has developed an attitude that being lazy is very bad for your health and your wealth. They mistakenly associate being lazy with having no ambition. Lazy people are always depressed or lack the drive to make something of

How To Get Rich - Look, Listen and Learn

Do you think the wealthy look around to see what the world is doing around them ? Do you think they listen to what others have to say ?  Lastly, do you think they learn something from doing both of the above ? You better believe they do! Look You have probably noticed that I haven't written on this blog for the past several months. This was done on purpose because I wanted to have a look at what was going on around the world as well as much closer to home. What I noticed was that people kept reading my blog even though I wasn't posting any new material. Why do you think this was ? Well, my guess would be, because there is a lot of good information contained within these pages that needs to be shared. I looked around the world for opportunities and I looked within these pages for insight. Change is constant and we must occasionally stop and just have a look. Listen    Listening to what others have to say is also very important. By listening to others you start re

How To Get Rich - Believe

Do you truly believe that some day you will become wealthy ? Do you think anything can get done unless you truly believe  ? Truth is, your beliefs may some day become reality if you truly believe ! Why Believe Believing in yourself is the very first step to accomplishing whatever you want in life. If you do not believe that you will succeed at something, it is very likely you will never succeed. An old saying by Napolian Hill, the author of one of my favorite older books " Think and Grow Rich "  was " What The Mind Can Conceive and Believe it Can Achieve " If you believe you will live an average life and jut survive, guess what ? That is exactly the way you will live and you will likely achieve exactly what you truly believe. First Step I don't care how many financial planning and strategy books you read. I don't care how much financial knowledge you can learn. If you don't first truly believe that you will succeed, the rest of what you

How To Get Rich - Avoid The Time Share Trap

Have you ever heard of a time share real estate investment ? Do you think the wealthy invest in time shares ? Truth is the wealthy stay as far away as possible from time share promoters ! What Is A Time Share Time share real estate investments are products that are sold to unwary individuals that want to vacation in style. Quite often these scams are promoted to vacationers and involve some pretty high pressure sales tactics.I have seen them try to sell these for as high as $25,000.00 .Beware ! Basically, when you purchase a time share, you buy a 1 week per year use of a condo unit. Along with this you are required to pay an annual maintenance fee which can be very high. Once you buy one of these, it will be virtually impossible to sell to someone else. This is because there are so many time share resales on the market and some for as little as $99.00 . There is absolutely no real value to most time share units. Listen But Never Sign It can actually be a very interest

How To Get Rich - Do Not Eat Your Children

Do you think your family would survive if you ate a child ? Do you think anyone would ever consider the thought ? An outrageous thought but many do eat their children in a way ! Defining Your Child Ok, now that I hopefully got your attention, let me explain what I define as a child. From a financial point of view a child is a component of your life's savings. Whew, I bet you're all relieved now except for the few cannibals in the crowd. Actually, I don't think even cannibals would eat their children. Who would be left to carry on their cannibalism ? All kidding aside, eating your financial children could kill your future family. At least it would kill your ability to have a comfortable retirement and possibly leave something to your biological children to help them in their future lives. The Really Wealthy Many of the really wealthy are really wealthy because they do not eat their children. Instead, they protect their children from all of life's dang

How To Get Rich - Do Not Become Discouraged

Do you get down when you see others have more than you ? Do you feel that it's just too hard to get what you want out of life ? Reality is, we all have these thoughts of discouragement ! Position Yourself The first thing you must do when feeling down is to position yourself. What this means is to realize where in life you are today. Realize your accomplishments and give yourself a big pat on the back so to speak. There is no one else that will do this for you as everyone tends to concentrate on their own lives. You must then visualize the future that you want for yourself. Your future is unique and no two individuals will have the same dreams of their future. You must focus on this desired future and work towards achieving it at all costs. This is your life and it is the only one you will ever have. Filter Out Extremes In this day and age everyone seems to be absorbed with the rich and famous or the extremely wealthy. The media seems to thrive on reporting on the

How To Get Rich - Choose A Healthy Lifestyle

Do you ever wonder what makes successful people so successful ? Do you ever wish that you had just a portion of what they have ? Well, these are things that are totally in your control ! Worship Your Body As Your Temple Your body is the physical shell in which you must live. Whatever it's shape or size, it is the only one you have or will ever have. Therefore, you must start with what you have right now and work towards the way you want it to be. It is what it is. If you don't like what you see in the mirror, you can change that. More physical activity and eating better are amazingly powerful choices that will give you more energy and vitality. By making these two choices alone, you should notice you will have a much better outlook on life in general. If you feel good, you think good thoughts. Give it a try if you don't believe me. Clear The Cobwebs Of Your Mind One of the biggest challenges is to learn how to clear your mind of thoughts that give you no b

How To Get Rich - Know Rental Real Estate Realities

Do you think all properties will make you money ? Do you think choosing revenue real estate is easy ? Truth is, most properties could end up loosing you money ! Revenue Real Estate Is A Business Every revenue real estate option you are looking at is an individual business. Each property you consider buying must be profitable from day one or you shouldn't buy it. This is where most novice real estate investors make their critical mistake. They do not properly analyze the rental market of the areas they are looking at buying. The rent you are realistically able to charge should be enough to cover all expenses plus put a reasonable amount of profit in your pocket each and every month. My first step when looking at individual revenue real estate opportunities is to run the numbers. This is done well before an initial drive by of the properties. Your new business opportunity must be profitable. Period. You Are Not Living In It  Remember,  revenue property is an inves

How To Get Rich - Put Money In Your Pocket Now

How often do you think the wealthy see a pay check ? Do you think they wait for someone else to determine this ? Truth is, many see cash in their pockets each and every day ! Pay Me Now Not Later What would your life be like if you could get paid every day? No more waiting around for your employer to pay you hopefully before your money runs out. I think you would agree, this would be a great way to live. But how do you start changing your life towards achieving this goal ? Well, it won't happen overnight unless you win the lottery. But you can start working towards this goal today. This kind of lifestyle is achieved by investing in financial products that pay an income as frequently as possible. Many quality investments will pay you an income each and every month. How To Work Towards A Daily Pay Check In theory, this strategy is quite simple. You start investing your savings in financial products that pay you a monthly income. These products will almost never pa

How To Get Rich - Learn To Say No

Do you often feel pressured to give money to something you don't understand ? Does it seem like everybody wants a part of your wealth ? These are common difficulties that those trying to build wealth often face ! Initiate, Don"t React In today's high pressure world there are many trying to make a living on uneducated wealthy individuals. Requests for your money either by mail, by phone or email occur every day. What do all of these requests have in common ? They are all uninitiated. What this means is that before opening the mail or email or answering the phone, you had no plan to give to the person asking. These people are highly trained to convince you to part with your money. People that give their money this way are reacting. They are reacting to the persuasions of a smooth talker with a pitch that seems good. But is this the way to build wealth? No. The successfully wealthy plan ahead with all their purchases, including their giving. They research all

How To Get Rich - Be True To Yourself

Do you ever feel coaxed to do something that's not right for you ? Do you feel everyone should be exactly the same in every way ? Our unique differences is actually what makes life so interesting and challenging ! Power of Persuasion I am sure that we have all felt at some point the powerful force of someone with a strong position on a topic. When this topic comes to money and finances, these individuals can actually do you more harm than good. No one likes to feel they are being told what to do. When it comes to relationships, the person with the strongest personality and opinions can often persuade the other to think their way. The person with the weaker personality will often change simply to keep the peace. As a financial planner, I have seen this situation far too often. Individually people will generally do whatever they feel is right for them. When left to discuss ideas with a partner, more times than not they will completely change their direction. Be True

How To Get Rich - Reduce Your Cost of Living

Do you find that you have no money left over after paying your bills ? Do you really need to spend so much to enjoy your life ? Overspending is one of today's most troublesome addictions ! Know Where All Your Money Goes One of your first basic steps to building a secure and wealthy future is to know how you spend your money today. A good way to do this is to write down every purchase you make over a one month period. When I say this I mean everything, even your morning cup of coffee or two or three. By doing this simple exercise you will be making yourself more aware of where all your money goes. This increased awareness may be all it takes to identify what you spend too much money on. Organize Your Data   Once you have everything written down you need to add up all the different categories for the month. For instance, how much you spend on your morning coffee for a month. how much you spend for lunches, for dinners out, for movies and entertainment, etc etc etc.