Sunday, September 23, 2007

How to make a million dollars

The Basics
How to make a million dollars

Forget the joke about starting with $2 million. These people had better ideas. Here are nine stories -- and tips -- about making that first million.

By Kiplinger's Personal Finance Magazine

Being a millionaire isn't what it used to be -- but it sure beats not being one. Just ask the 8.2 million U.S. households -- an all-time record -- that had a net worth of more than $1 million in 2004, excluding the value of their primary residence. That was a 33% increase over the previous year, reports a survey by TNS Financial Services.

The surge was driven mostly by consistent investing in the stock market. But there are other ways to make a million -- start a business, invest in real estate, put yourself in the right place at the right time. Kiplinger's sought out people who did all those things and more. We found that although they had taken different routes, they followed a pattern; you might call that pattern the nine habits of highly successful millionaires. And all of them had a 10th trait in common: They never lost sight of their goal.


Nine first-million stories
Firefighter sees a need and fills it
Singer gets 'run over by a reindeer'
Couple rides the real-estate wave
Student athlete takes a sporting risk
Struggling actor waits 14 years for a hit
Bookkeeper helps build the ground floor at Lowe's
Pair invests through bull and bear markets
Couple wins an 'Amazing Race'
Would-be 'Pampered Chef' finds an idea to love


'Do whatever it takes'
Marco and Sandra Johnson started out saving lives in their community of Lancaster, Calif., and ended up running a multimillion-dollar business whose customers come from across the United Looking for a loan?
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The idea was born on the job. Marco, a full-time firefighter and paramedic, would come home from an incident and complain to Sandra that lives might have been saved if bystanders had been able to administer first aid. At the time, the Johnsons were trying to have a second child, and Marco was particularly upset when "children died unnecessarily because no one at the scene knew CPR," says Sandra.

In 1997, they began offering CPR and first-aid classes to local businesses. Sandra handled scheduling and other arrangements, and Marco taught classes between shifts at the firehouse. At first they borrowed material and equipment and brought it to each site; after a few months they scraped together enough money to rent a 400-square-foot office.

The business started to take off when workers whose jobs require CPR certification, such as schoolteachers and bus drivers, sought them out. Then students asked them to start training emergency medical technicians because local junior colleges had a two-year waiting list for EMT classes. Within a few years, the Johnsons had become accredited for EMT training and moved their Antelope Valley Medical College to bigger quarters. "Everything was happening fast," says Marco.

Riding the momentum took seven-day-a-week stamina. Marco alternated shifts at the firehouse with classroom duty, and Sandra was "always on the phone" setting up appointments. The couple didn't want to take out a business loan, so they plowed their own income into the school and sometimes put off making mortgage payments on their house to pay their employees. Says Marco: "There were times when it was a gut check. We looked at each other and said, 'What did we get ourselves into?'"

Now the Johnsons can breathe easier. In 2004, their school was expected to pull in revenues of $7.5 million, and their corporate clients have included businesses from Boeing to Burger King. That boom in business has given the couple the means to own several houses and to treat their extended family -- a group of 12 -- to vacations in Hawaii.

More million-dollar stories • Start on your first $1 million at age 16
• 8 lottery winners who lost their millions
• Is $1 million enough to retire on?
• Game plans from the NFL's instant millionaires
• Is your degree worth $1 million -- or worthless?
• Kiplinger's "Meet the Millionaires" forum (live through Jan. 31)



Even more rewarding, says Sandra, is the example they can set for their children: To accomplish your dream, "do whatever it takes." As for herself, "We're saving lives. It's awesome to know I was part of that with my husband." And Marco is finally planning to retire his fire helmet.

TIP #1: Go flat out. Between shifts at the firehouse, Marco Johnson, with his wife, Sandra, started a school to teach emergency medical techniques.

'I put my money where my mouth is'
Elmo Shropshire had a day job as a veterinarian in Marin County, Calif., and a side gig as a bluegrass singer when he recorded the holiday song that put him on the map -- and put his vet business out to pasture. The song, "Grandma Got Run Over by a Reindeer," has sold 10 million copies, inspired a music video and a movie, and made Shropshire a millionaire five times over.

Shropshire first heard the saga of the tipsy grandma and the renegade reindeer after bumping into songwriter Randy Brooks, who wrote the piece, at a bluegrass performance. Convinced that the ballad suited his twangy voice and comic singing style, he shelled out $500 to record it himself and another $700 to make 500 singles. "Grandma" aired on a San Francisco radio station in 1979 and caused an instant ruckus. "Kids were calling in and saying, 'Play it, play it,'" says Shropshire.

Despite the enthusiastic reception, he couldn't find a record company to take "Grandma" national. Nevertheless, the song was frequently requested over the next several holiday seasons. Says Shropshire, "It was one of the few songs in history where public clamor rather than company hype drove demand."

Shropshire went for broke in 1983, investing $30,000 to produce his own "Grandma" music video and $10,000 to make an album featuring the song. The gamble paid off when MTV picked up the video (it still appears regularly) and Columbia Records offered him a distribution deal. In the three weeks before Christmas, the company sold 500,000 "Grandma" singles and 100,000 albums. Shropshire got a royalty check for $50,000.

The singer retired from his veterinary practice in 1995 and now works full-time on "Grandma"-related enterprises, which include sheet music, a stuffed singing reindeer and a recently released album called "Christmas in the U.S.A." Says Shropshire of his unlikely success, "I had this blind belief in the project. I put my money where my mouth is."

TIP #2: Support your idea. Elmo Shropshire, who recorded a hit holiday tune, invested over $40,000 of his own cash to produce a music video and an album.

'Figure out your strengths'
Soon after Scott and Mandi Leonard were married in 1996, they took a big risk. Scott quit his job as a stockbroker and started his own financial-planning business. He had no clients, no income and a big mortgage -- the Leonards had just put a 10% down payment on a $320,000 house in Redondo Beach, Calif.

For three years, Scott and Mandi lived on the income from Mandi's jobs with technology companies. Employed by Oracle and PeopleSoft, she earned valuable stock options during the go-go years of the late 1990s.

By 2000, Mandi wanted to quit working: Son Griffin was a year old and Jacob was on the way. Her PeopleSoft stock, for which she had paid $6 per share, had risen to $43, and Scott was getting nervous. They decided to sell the stock, trade up to a bigger house and stash some of the money in the bank. Says Scott, "Having a safety net was more important to us than trying to get an extra $10 per share on the stock." And a good thing, too. Within a year, the price had dropped into the teens.

The Leonards also made a smart real-estate investment. They sold their first house for about $500,000 and moved up to an $800,000 house in Hermosa Beach. With an ocean view and a rooftop deck, the house was recently appraised for $1.45 million.

Meanwhile, Scott's business began to take off -- he now manages about $100 million in assets for his clients -- and once again the Leonards decided to invest in real estate. About two years ago they paid $1.25 million for a historic but dilapidated house overlooking the water in Redondo Beach. They spent about $250,000 -- mostly in cash -- to renovate the property for Scott's business. That building was recently appraised for $1.8 million.

Having astutely ridden California's real-estate surge, the Leonards have enough home equity plus savings to put them comfortably in millionaire territory. They also have about $175,000 in 401(k) and IRA retirement funds invested in stocks, which they plan to beef up now that they have renovated their business property. "I'm very much in favor of diversifying investments," says Scott. But if the real estate market turns soft, he'll take the opportunity to "look hard at picking up another property."

The Leonards owe their success to knowing the difference between a calculated risk and a gamble. They felt more confident about starting a business and investing in real estate than about hanging on to their tech stocks. "Stand back and figure out your strengths and weaknesses," says Scott, "and keep your eye on your long-term goal."

TIP #3: Know what you do best. Scott and Mandi Leonard ditched their tech stocks to concentrate on real estate.

'Sometimes a big risk pays off'
When most kids are seniors in college, they're writing résumés and cruising toward graduation. Not Kevin Plank. Nine years ago, when Plank was in his last year at the University of Maryland, he began developing sportswear that now outfits most professional and college sports teams and makes a fashion statement on high-school playing fields. As the founder of Under Armour, Plank, 32, presides over a Baltimore company that employs 450 people and grossed more than $200 million last year.

Plank owes a debt to sweat. As a player on the Maryland Terrapins' football team, he wore a cotton undershirt that turned into a soggy liability during games. Already an entrepreneur (he was running a thriving floral-delivery service out of his dorm), Plank began searching fabric stores for a lightweight material that would fit snugly, wick away moisture and replace the undershirt.

Once he had found the perfect fabric, Plank paid a tailor $400 to come up with several prototypes and asked his teammates to try them out. "They said the shirt was great for football -- and baseball and lacrosse, too," says Plank. "I realized this wasn't just a shirt but a marketing opportunity."

Plank hit New York City's garment district and returned with enough fabric to make 500 undershirts, which he promoted to players on major college and NFL teams. "I would ask them to try this product, and if they liked it to give one to the guy in the next locker," says Plank. Eventually, teams on both sides of the field were wearing Plank's "compression apparel" -- and showing it off on TV.

After graduation, Plank raised start-up money by maxing out his credit cards to the tune of $40,000. He tried to patent his idea, but gave up after racking up $7,000 in legal fees. For the next several years he took no salary from the business, and he lived and worked rent-free in a house owned by his grandmother. He later got a $250,000 loan from the Small Business Administration and used almost half of it to repay debts.

Under Armour is now the official supplier of compression apparel to Major League Baseball and Major League Soccer, and its garments are worn by about 30 NFL teams and nearly 100 Division I-A college football teams. It was a high-stakes gamble for a kid barely out of college, but Plank thinks youth worked in his favor. "When you're 22 or 23, there's no better time to take a big risk. Sometimes it pays off." In his case, the rewards have included buying a Cadillac at age 26 and gaining VIP access to major sporting events, such as the Super Bowl. "For someone who is passionate about sports, that's a big part of my payoff."

TIP #4: Go for broke. Just out of college, Kevin Plank ran up $40,000 in credit card debt to launch Under Armour, his sports-apparel company.

'I knew I would have to earn this'
Scott Patterson, star of the "Gilmore Girls" TV series, worked for years to get into the big leagues, honing his craft in small towns and throwing a curveball or two to keep things interesting. And that was just his baseball career.

Patterson pitched in the minor leagues during the 1980s, and came tantalizingly close to the majors. He was traded to the Yankees and then cut from the team.

Undaunted, he started a second long-shot career, moving to New York in 1986 to study acting. He worked with members of the Actors Studio and appeared in a couple of commercials a year to earn money to pay the rent. "I knew I would have to really, really earn this," says Patterson. "It turned out to be an endurance game."

He made a short-lived breakthrough in 1991, when ABC flew him to Los Angeles to audition for a TV movie, but that "crumbled very quickly." Back in New York, Patterson landed a few theater credits and then returned to L.A. He crashed on friends' couches and slept in his car -- a 1966 Pontiac Le Mans -- as he made connections that led to small movie roles and TV appearances. Eight years later, he says, he read for the part of Luke Danes, the male lead in "Gilmore Girls," and "I felt like I was home."

He didn't get rich the first year. "The money was good," he says, "though not as good as you'd think." But his salary has risen with the series' popularity, and as his character has grown. With a net worth in the millions, thanks to some astute investing, Patterson says he "can parachute out of this series and be pretty comfortable for the rest of my life."

Now Patterson shares his wealth by helping raise funds for a new pediatrics wing at Johns Hopkins Hospital in Baltimore and for the National Children's Alliance. His advice: "Even when you've been pounded for 20 years, don't give up. If you stay in the game long enough, you get lucky."

TIP #5: Don't let setbacks get you down. It took actor Scott Patterson of "Gilmore Girls" 14 years and several big disappointments to become a Hollywood star.

'I was trained to work hard'
Petro "Pete" Kulynych made his millions the old-fashioned way: He started at the bottom . . .

Making a million dollar profit is actually incredibly simple

Making a million dollar profit is actually incredibly simple. There are infinite variations on the exact method, but the underlying principle is always the same. Just make a one dollar profit, and then repeat the process one million times.


That is not really a glib answer. It is the basic truth of all business. You are probably saying to yourself that if it were really that easy to make a million then everyone would have done it.


It really is that simple, but never confuse simple with easy. Walking is simple, but walking 5,000 miles is not easy.


Walking is a simple process of taking a step and then repeating the process as much as is required. So is making your million dollar profit a case of repeating the step of making a smaller profit as many times as it takes.


The fact is that anyone can make a million, and indeed many do. If you earn $50,000 per year for 20 years then you have made a million dollars. The trick that you and I want to discuss is how to make that million dollars in a far shorter time-span.


To do it, go back to the basics. To walk (or run) is to repeat the process of a single step. How quickly you repeat that step will determine your speed, and how many steps you take will determine the distance you cover.


So the basic step to making that million dollars is to make a profit. Any level of profit will do, whether it is 10 cents per step, or $10,000 per step. So long as each step carries you a positive distance towards your goal, the rest is simply repetition.


And that, my friend, is where so many big-name dotcoms have failed. All too often, they don't actually make a profit from a single sale. They may often spend over $20 to attract each customer to make a $10 purchase. They hope that somewhere down the line, losing more than $10 per sale will magically reverse itself into being profitable.


The number one reason that so many companies struggle to acheive a profit is that they are spending more to enable each transaction to happen, than the transaction is actually worth in profits.


A while back, the books and music giant, Amazon.com was spending a little over $30 to aquire each customer. Now, that's all well and good if each customer aquired immediately brought in around $50 of profit.


However, Amazon.com had, and still has, far too many competitors to afford to place a high mark-up on each product, and it also has to pay a percentage to its affiliates very often. What that actually means is that a customer generally has to make several purchases before that aquisition cost is made back, and only after that can Amazon.com actually make a profit on further transactions.


As you see, they are banking on engendering customer loyalty. The problem is that internet customers are not very loyal - many go wherever the best deal is at any time. If they were loyal types, they'd still be using the off-line music store they used before.


Heck, we live in a society where almost 2 out of every three marriages end in divource - and the number one reason for that divorce rate? You guessed: disloyalty.


However, Amazon may misjudge loyalty, but they have two other things that make up for it. They have amazing presence (everyone knows who they are and what they do) and they make it very easy to buy your books from them.


Amazon have spent a lot of time, thought and energy into devising means to engender customer loyalty. In general, they have done a superb job in this regard. Amazon gets to know its customers well, predicts their needs, and so offers a value that few can match in that regard. The value of any offer is never just a matter of the price.


For several years Amazon.com were referred to as "the best known company that has never made a profit". However to make that profit they simply needed to scale down their customer aquisitions. That way they allowed the existing customers to make enough purchases to pay back cost of aquiring them.


The people who for years mocked Amazon.com tended to forget their undoubted position as market leader, but the people at Amazon should likewise not forget that the purpose of being in business is to make money, not just be known.


And that brings us back to looking at how you too can make your millions ..


The most important thing about business, online or off, is to do business. Global domination at losing money is not business.


The best place to start is to know that out of every 100 visitors you will get at least one sale, and that that one sale will generate an overall profit.


The worst place to start is to try to attract millions of customers before you actualy work out what you are going to sell to them, or how you are going to sell it.


Remember the lesson, that your business journey begins with a single step, and that the single step is measured in terms of profit.


To make your million dollars, just focus on making your immediate smaller sales on the smaller level and then scale up. Never start on the macro scale of millions of customers because you'll never see the detail on that scale.


Always focus on ways to maximise your profit on the smaller scale. On how much you make from every ten visitors or every hundred visitors. Always be as keen to explore how to make more from that group as you are to attract larger groups.


The majority of this site will help you to attract more customers, but the best way to attract more profit is to leverage the customer base you have to greater effect and with greater efficiency. And then increase the customer base as well.


Sometimes it is far easier to make each customer generate 50% more revenue for your business, than to increase your number of customers by 50%. Increasing both factors is the best of all.


Ammon Johns


 

Saturday, September 8, 2007

How The Easy Chair Millionaire Helped Me Make Money From Home

How The Easy Chair Millionaire Helped Me Make Money From Home

Imagine this…

You awake from bed on a Monday Morning… lazing on your bed. You do not did to work as you have multiple streams of Incomes coming to you even you are sound asleep yesterday.

You have not worry for money. Indeed, you have too much monies that you are considering giving some away to charity.

Now, you have a problem, but a good one. You have too much money and wonder what to do with them. You are your own boss now.. fully controlling your time and decide what you want to do at any moment of your life.

So, put into action right now to achieve your dreams.


How The Easy Chair Millionaire Helped Me Make Money From Home
by: Chris Rohrer



When I first found the easy chair millionaire it kind a reminded me of the rich jerk. Someone lazy, laid back, and loving life. I bought the rich jerk, and loved what he has to say. So I thought to myself this was probably like the rich jerk, and bought it.

I have to say his attitude in like the rich jerk but the information and the how to guides where a ton of help for me. I really liked the fact that I didn’t need to do to much work, as I can be a very lazy person myself sometimes. A lot of it was already done for me. Of course I had to do some work but not nearly as much as I thought.

The easy chair millionaire took me by the hand and showed me exactly what I had to do. Most people claim to have the answer to everything, and claim to help show you the way. Well the easy chair millionaire defiantly lives up to its name.

The steps where easy to follow, and where so simple even a beginner could do this. There is nothing you will not be able to understand. He has put together one of the best dummy proof systems I have seen in a long time. This isn’t the first product I bought like this. But the easy chair millionaire is by far in my top 3 that I have purchased.

If you are searching for a successful program that will show you how to make extra money online. I highly recommend you take a look at what the easy chair millionaire has to say. You will not be disappointed at all.

Wednesday, August 29, 2007

ON VACATION AND NEW STUFF IN PROGRESS


ON VACATION


AND NEW DESIGN IN PROGRESS


(came back: 06-09-2007 )


SORRY!

Tuesday, August 21, 2007

How The Easy Chair Millionaire Helped Me Make Money From Home

How The Easy Chair Millionaire Helped Me Make Money From Home

Imagine this…

You awake from bed on a Monday Morning… lazing on your bed. You do not did to work as you have multiple streams of Incomes coming to you even you are sound asleep yesterday.

You have not worry for money. Indeed, you have too much monies that you are considering giving some away to charity.

Now, you have a problem, but a good one. You have too much money and wonder what to do with them. You are your own boss now.. fully controlling your time and decide what you want to do at any moment of your life.

So, put into action right now to achieve your dreams.


How The Easy Chair Millionaire Helped Me Make Money From Home
by: Chris Rohrer



When I first found the easy chair millionaire it kind a reminded me of the rich jerk. Someone lazy, laid back, and loving life. I bought the rich jerk, and loved what he has to say. So I thought to myself this was probably like the rich jerk, and bought it.

I have to say his attitude in like the rich jerk but the information and the how to guides where a ton of help for me. I really liked the fact that I didn’t need to do to much work, as I can be a very lazy person myself sometimes. A lot of it was already done for me. Of course I had to do some work but not nearly as much as I thought.

The easy chair millionaire took me by the hand and showed me exactly what I had to do. Most people claim to have the answer to everything, and claim to help show you the way. Well the easy chair millionaire defiantly lives up to its name.

The steps where easy to follow, and where so simple even a beginner could do this. There is nothing you will not be able to understand. He has put together one of the best dummy proof systems I have seen in a long time. This isn’t the first product I bought like this. But the easy chair millionaire is by far in my top 3 that I have purchased.

If you are searching for a successful program that will show you how to make extra money online. I highly recommend you take a look at what the easy chair millionaire has to say. You will not be disappointed at all.

Sunday, August 19, 2007

Secrets Of Winning Financially

Secrets Of Winning Financially
by: Chiong Yew Heng


“You Are About to Discover The Secret On Winning Massively In Business, Stock Market And Make Millions And Billions Of Dollars In 7 Simple Steps.

They Are Things Not One In a Millions Know”

Below, you will discover:

• Why you are still NOT successful now financially…why you struggle everyday to pay bills and have nothing left after that.

• The Power To Make Millions and Billions $$$ are sometime that you already presses, right now! Yes, I mean it, right now!

• And much much more….

Dear Friends,

Have you ever think of yourself as a Failure in life and that everything in life are working against you! That there is a big Wall in front of you every time you wake up in the morning….. that you are NOT in control of the own life or destiny.

Have you ever wonder why you are always fighting and struggling to pay your bills every month with financial constraint and worries. You are financially crippled and are not able to break free… to be financial free…. To do the thing that you love without worrying for the next bills to pay even though you are working very hard on your Job.

Do you feel that life is bleak with a routine 8 to 5 day job, with little time spent for your family, children and love one.

Worst still, you do not know whether you will ever break away from this routine financially struggle of yours.

And deep inside you, there is a loud CRY that yells “Please help me to GET OUT” of this monotonous and distasteful rat race. This RAT-RACE of working so hard and still has not enough money to pay the bills is eating me up. I am consumed.

The irony is that you are still in your current state of rat-race living….. Running around everyday like a rat.

Recently, I call a good friend of mine, Issac, on a Sunday Morning on the mobile. He told me that he is working… to my disappointment (because I wanted to ask him out for a drink) and HORROR (goodness me that he will need to work even on a SUNDAY to get an income). Over the phone, he told me he has “NO CHOICE”. I have know Issac for a few years already and understand that he is in Financial difficulties as a result of lending someone a huge sum of money at which that “Someone” has not yet return his money for quite sometime already. Issac used to be a network marketer promoting some energy drinks because he has been highly influenced by Anthony Robbins and Robert Kiyosaki’s Philosophy of attaining financial freedom from multiple streams of passive incomes.

But why is someone who has once make a decision to achieve financial freedom are back to working in job just to meet end needs? When he embarks on the MLN business, he has a sum of buffer money in his bank where he is comfortable with. However, after loaning the money to that “someone”, he has little or no buffer money left.

This change in situation also change his belief system. This should not be the case if you have to be successful in life. Are there no other way for him to make money now that he has no buffer money in the bank? Can he make money with little or no money?

The answer is a resounding “YES! YES! YES!”. As an example, he can earn commission or passive income every month by facilitating a join venture between merchant with critical customer masses and another merchant with non-competition products or services. If you want to know more about this concept, please read chapter 10 of “Multiple streams of Internet Income” from Robert Allen.

He has a disease like so many of us…. A disease of disempowerment believe that in such a situation as his, there is NO other way but to look for a job as the only solution to his problem, that he has NO choice but to work for a job and as a result, he has NO choice but to work on a Sunday.

I am not discounting that fact that he took action by working on a job to pay for his expenses. However, his disempowerment believes is destroying him in limiting the potential in him for creating massive wealth. He did not even spent time finding and researching ways to make money but subject himself as a victim of his circumstances. As his good friend, this really hurt me.

Thus, it is my desire to help as many people with disempowerment believe to achieve breakthrough in their believe system in order to achieve greater success and prosperity in wealth creation.

If Issac’s situation resemble yours or that you may not have the same situation as Issac but nonetheless, process the same disempowerment believe in yourself for achieving financial breakthrough other than working for a job, then , i have GOOD News for you. In the following articles, I will highlight to you 7 Steps to achieve your GOALS of financially freedom and breakthrough from the rat race. You deserve it!

After reading this, you will be able to:

Unleash the hidden POWER and POTENTIAL within you. The power that you are not even aware that you have already Process. It is in YOU.

Believe that ALL things are possible if ONLY you Believe. Nothing can possible stop you except GOD Almighty. Your Belief system will change the environment in your favor.

Leverage by imitating the success of other by modeling their pattern of Excellence and in so doing; make it your very own success story.

So are you ready and hungry for MORE success in life…… and remake history in your life that will propel you to greater height? Let move on.

1) First, you need to expand your Reality by setting unbelievable goals and dreams.

a. When you conceive an unbelievable goals and dreams in your MIND and BELIEVE that YOU can make it HAPPEN, then the goals and dreams will come to pass.

b. All of us are created in the Image of GOD and we have tremendous power in our MIND to create something out of nothing, to convert the impossible to a world of possibilities.

c. The secret here is to unearth that POWER in your MIND. That Power that is hidden in YOUR MIND has an explosive POWER not less than the power released from the Atomic bomb in Nagasaki and Hiroshima during the World War II.

d. Some believe that “Investing in equity is risky”. That is their reality. But for those few that has improve their Financial Knowledge, Intelligent and Experience, Investing in equity is not risky at all! Why is this so? They can use Mechanical rules likes option to hedge their loss and leverage on their gain. They can buy ownership into the fundamental of the companies and get it for a bargain price.

e. Some believe that “It takes Money to make money”. Again, this is their reality. For some of the privilege few, they can use contra to profit from the rise of a stock without even coming out with any money upfront! Or they can write a naked call or put option to earn the premium Money with no money being paid out front when the options that they sold expired with no one exercising it. For some of those who have a websites hosting family photos and for leisure, you can simply convert them to a Money Making sites through Internet Affiliate marketing program by earning a commission for selling other people product and services.

f. Some believe that you CANNOT pay less in Government taxes. Again this is your belief. What you believe is bound to your reality only. That is not what some business man believes. Therefore, a new world of possibility is open to them. If you have registered a business, you can tailored your Profit and loss statement to deduct the goods/services they you buy as expenses. Meaning the goods/services are brought in your company name. For example, if you are tax 20% each year and that you have brought a house of $1m dollars. You can factor in depreciation or what people call paper loss in your income statement to IRAS. Depreciation amount is deducted from your earning before the final net profit is calculated for your tax. If you can report depreciation of your house at $50,000 a year, then you will have save $50,000*20% = $10,000 each year. In ten years, you will have save $100,000. If you did not registered the house under a business entity, then every year, you will!
be paying $10,000 more to the tax man. The reason why this happen is because government in most countries give tax advantages to Corporation/company as they are the oen that bring employments to the countries thus resulting a stable and prosperous governing. You help the government, the government react in helping you back!
g. We can only make money in the market in a bull or up market. Now, this is only in your reality that this is true ONLY for you! Those who are financially trained will know that we can open a short position in market to make money in a Bear or down market. If you know how to use financial mechanical rules like option, you can buy a put option to leverage to gain from a down market. Again, to extend your believe system further, if you think it is NOT POSSIBLE to make money in a Side Market, meaning a market that is stagnant, either going up or coming down. Well, this again is your reality! We can make money in a side market by writing a call option, selling a strangle or straddle or deploying a calendar spread option strategy.

h. Some believe that it is NOT POSSIBLE to make 8 to 12% return from the Stock market risk free. Again, this is in their reality. For someone who know how to make it, this is not in their reality and believe system. They can buy into Index fund or Index ETF (Exchange Traded Fund) in the long term to get this type of return gaining on the fact that continuous inflation and growing world population will only make the Index to grow at a steady rate in the Long Term. For the Short Term, the market can be erratic, but over the Long term, it can be quite predictable. As an added advantage, index funds are normally low in expenses compared to Mutual fund. Management fee per year is around 0.2 to 0.5 percentage compared to Mutual fund range from 1.5 to 2.5 percentage.

i. To extend your believe system or reality even more, what if I was to tell you that it is POSSIBLE to make 45% in the Equity Mkt with little risk? Some believe that “Gaining more then 45% at little risk is NOT POSSILBE in the equity Market”. Har…this is another problem due to the limiting mindset and believe of a person that have not gotten a breakthrough in making Money to grow > 45% in the equity market. However, for a person who have learnt how to leverage on margin trading offer by CFD (Contract For Difference) for Composite Index, then this IMPOSSIBLE phenomena is indeed POSSIBLE. How? Well, if you understand the concept of Index Arbitrate, you will know that Stock Index futures and the underlying stocks do not move in lock step. The two markets can be momentarily out of synchronization, with the Index prices move higher or lower than the stocks that the index track. Therefore, you can predict that the Index will rise by going long on a CFD on the Index when th!
e Index is currently lower than the underlying stocks that the Index track. In this case, we are presuming that the Index will be catching up with the rise the underlying stocks that it tracks. You can use a Stop Loss to limit your loss if the pattern of “catching up” hypothesis does not happen, thus minimizing your risk.

j. To take your believe to a greater height, do you think it is not possible to make more than 100% return in your money with no risk(on condition that you have a couple of million as free cashflow). If so, then what I am going to share with you now will simply blow your mind off!!! How can something so lucrative ever exist in this world? This are the high Yield programs. However, this sort of programs are only available on an invitational basis to investors with huge liquidate USD holding. The US Fed Reserve need money to fund the expensive projects of US. To obtain the cash, they will need to get it from the taxes or tape into the reserves. However, we all know that US does not have such a strong reserve to tape on and that money from taxes will not be enough to fund massive project, like NASA rocket programs, Iraqi war etc. Thus to obtain cash, it will issue government securities to AAA rated bank with a future value worth more than what the government is selling to th!
e bank. This also results in trading of the government securities among selected banks. An Intermediary broker from a trading bank will sit in between the transaction for this two transacting banks – one in selling and the other in buying. For the broker to take that position, he must have the backing of his trading bank and sufficient fund to ensure that the seller will get his cash in the event that the transaction spill over to the next day banking day. However, this are just rules and policy. In normal circumstances, this does not happen as the buying bank will be able to pay the selling bank on the same trading day. Thus because of this policy and rules enforces on the broker working for the trading bank, the trading bank will need a lot of cash in USD to fulfill the policy and rules of the transaction of government securities. As the commission earn by the broker and trading bank is huge, if you factor into the Billion of USD being transfer from the buying and !
selling Bank of government securities, and couple with the fac!
t the th
is type of transaction happen quite often within a month, therefore the trading bank is willing to share part of their profit to the cash rich individuals that invest in them to fulfill their policy and procedures in taking position as a trading bank of government securities between banks.

k. Some think that it is not possible to make money from the Internet… which is not true. To many others who have make money from Affiliate, Blog Marketing or even Price per click, they will testify that it is possible to make money from the Internet. Try http://tinyurl.com/q8dvd this site to learn how to make money from a Affiliated Cloning System designed by one of the top Affiliate Marketer, Ewen Chai. He is a living testimony of someone who has make million of dollars from the Internet.

l. Some believe that it is not possible to pay less interest for Housing Loans based on the same amount borrowed and interest rate. Again this is a reality problem! Instead of paying $1000 per month for your housing loan, you can now pay $500 fortnightly. For an example, if you take a Loan of $100,000 at 6%pa interest charge, for the $1000 per month installation scheme, you will be paying $96,700 in interest for a period of 25 years term. If you take same loan with a fortnightly payment scheme of $500 per fortnight, you will be paying only $79,500 in interest for a period of 21 years and 5 months.

2) Get leverage on increasing your DESIRE and PASSION for success in achieving your goals and dreams.

a. If you are not 100% committed in pursuing your goals and dreams that you have just work out in Step 1, then you will not be able to be SUCCESSFUL. But HOW CAN I put in 100% commitment in pursuing my goals and dreams? How can I motivate myself? The answer is to get LEVERAGE on what you want to achieve in your life. For example, if you want to be a millionaire in the next ten years, then ask yourself this questions
i. What will it benefits ME when I am a millionaire in ten years time?
ii. What will it hurts and disadvantages ME if I am not a millionaire in ten years time?
Take some time to answer these two questions in all honesty from your heart.

Your answers will be the DRIVERS to serve you to get motivated and increase your desire and passion to put in 100% in pursuing your goals and dreams.

For example, if your answer is “if I am not a millionaire in ten years time, I will not be able to retire in peace of mind as I will still struggle to pay my bills at age 65.” This very fact will be able to drive you to work harder than before in working toward your goals. Alternatively, if you answer is “if I am a millionaire in ten years time, then I will be able to travel around the world to see the things that I so desire in my life.” This dreams will drive you to work harder than ever before in making your goals a reality. Your answers to the two questions will be use as a leverage to get you motivated with a burning desire and passion for the very success that you need. You will be hungry for success.

If in the process, you somehow lose that desire and passive, get out your answers to the above questions again and recite it numerous times until it eat in your subconscious mind. Desire and passive is the number one substances in the driver that will propel you to the finishing line for successfully achieving your goals and dreams. There is no stopping you if you have the Desire and Passion for success. You cannot be denied of your goals and dreams.

Everyone will answer the questions differently as each one of us has different values. Our values system will then serve as our driver ( just like the club serve as a driver in a golf game) to propel you to dedicate and put in 100% in achieving your goals and dreams.

3) Look for the Right Strategies to supercharge your progress – Modeling from other people pattern of Excellence.

a. Everyone has the potential to be as successful as those that are already successful in life. But why more than 90% of the population are still not successful? The answer is that they deploy the wrong strategy in pursuing their goals. The reason why those minority few are successful is because they use the right strategy in attaining their goals. It is that simple! Give you some examples.

i. Many people failed in their investing in stock market, but master investor like Warren Buffet is winning in the same market consistently for many years. Why? This is because those who failed invest in the stock market based on hot tips, insider information and speculating the market. While Buffet study the underlying business fundamental of the company he wanted to buy and then buy the equity of the company at the right price. In the case for Buffet, he also model the strategy of Philip Fisher (author of “Common Stock Uncommon profits”) for studying company fundamental and the late Benjamin Graham (author of “The Intelligent Investor”) for buying at the right price. That what make Buffet so successful, in learning how to model from other that are more successful than himself. In this case, he went one up in combining the best of both Philip Fisher and Benjamin Graham.

ii. Stuart Tan is a popular NLP trainer and speaker in Singapore and the Asia. By nature, he is a shy and is not good at relating and talking to people, let alone speaking to hundred and thousand of people in a crowd. Over the years, he suffers from the pain in his lack of charisma and confidence in public speaking and relating to others that he look for solution to his problem. The turning point in his life is when he learn of NLP technique. That he can be as good as anyone in the world if he can model his/her technique of speaking and presentation. He put in action what he has learnt, practicing the every move and tone and confidence of his selected model speaker. Additionally, he tried to work out situation where he needs to speak in a crowd or to lead a group of person. As he put in practice again and again the style and habits of his best model speaker, he improves drastically in making public speaking. Some say that “Practice make Perfect”. But I prefer to say that !
“Practice make Permanent” In Stuart’s case, what is make permanent in him is the most dynamic speaking style and methods from his model speakers, which is good. While other may have practice something negatively which in the long run, will incorporate a negative speaking style and methods of a lousy speakers. Thus, who you model makes a significance impact to whether you improve as a person or go downward in life. As you have already guessed, practice will make permanent a certain habits in your life. Once it becomes a habit, it can hardly depart from you. AND habit can be good and bad. If you acquire good public speaking habit, you will be a dynamic speaker every time you open your mouth speak. It’s automatic, it is a habit. However if you acquire poor public speaking habit, you will put everyone to sleep every time you open your mouth.

iii. Famous America self make millionaire and financially educator Robert Kiyosaki is another good example. He has two dads, one is his poor dad ( his biological dad ) and one is his rich dad ( his best friend Mark’s dad ). From young, he is exposed to the style of both his dad but he is highly influenced by his rich dad. His rich dad has a set of habits that is very different from his poor dad. By adopting and model the habits of his rich dad ( good thing he model after the right dad .), he make himself into a millionaire by investing in business, real estate. He has the passion to leverage the financial education of everyone so that All can be achieve the financial breakthrough and goals in life, and most importantly, to get out of the rat race. If you are interested to know more about Robert and the type of innovative financial education materials that he offers, you can visit his web site at: . However, if he want to break into the realm of billionaire, he wil!
l need to model after some other billionaires like Warren buffet or Donald Trump.

4) Take Massive Action by following your defined Strategies.
a. By taking massive action in following the strategies that we have defined in modeling others who are more successful than us, we will be forced to make changes in our life. Why? The reason is because if we continue to with our present way of life and not making action in modeling the strategies and habits of those super achievers, then rest assured that the result of your life will not be change. You will still continue to earn your salary every month, in the same state of health every year with no improvement and gain. However, if you was to move out of your comfort zone and take ACTION in following the strategies and habits of your successful models, then the end results will be that you will be as successful or even more than your model.

b. Remember! Massive action generates massive result. No action offer no result. If you want to achieve more in life, you will need to take massive action in the right direction by modeling the pattern of excellence of your successful models.

c. There are a lot of great ideas, great poems and songs buried in the blossom o f the dead buried under the soil. Why? This is because there are some many peoples in the world who has so much talents and gifts in their life that have failed to TAKE ACTION until the day they die. Imagine what it will benefit the world today if they have taken action to make this place a better world, much better than today. We got to thank the Wright Brothers who have Taken ACTION to put dream in action by inventing a plane that model like a bird that can lift and fly in the air. And we got to thank Thomas Edition who have taken ACTION to put dream in action by inventing the light bulb that will be illuminated by the passing of electricity. So I sincerely hope that you will not waste your life away. Everyone, whether you are tall or short, handsome or ugly, rich or poor…etc has the same number of hours each day, not more and no less. Do not waste the hours that GOD has given to you. !
Take ACTION now to fulfill your Dreams and Goals.

5) Evaluate the result of your action and refine or change your Strategies as required.

I would like to congratulate you for taking action. This is the first step. However, bear in mind that the result of your action can be a success or failure. For success, then you are already the proud owner of working strategy. If the result is failure, then it is your responsibility to get feedback and re-evaluate your strategy, to change it or refine it. Keep faith in working on toward your goals by changing your strategy constantly until success comes smiling at your in the face. Do not be persistent in failure by continuously executing the same strategy again and again. If the result of your action is negative, change your strategy and try again! You must learn to be flexible.

a. You must be flexible to change your strategies if the desired result is not achieved. Let me give you an example to illustrate my point. A young insurance agent after having read Adam Khoo’s “Master your mind, design your destiny” is fired up and wanted to set a target to sell over a million of insurances by the end of the year. He is highly motivated individual. He employ a temp staff to help him make cold call so that he can focus on the job of meeting clients to close as many deal as possible. However, after three, the result is not desirable. Indeed his sales is going in a downward trend. Finally, out of desperation, he rethink of what could have gone wrong. In the quietness of his thought, he start to realize that he is so enthusiastic in his push for sales that he has shut the door upon himself for any possible sales. When he meet his client, he will begin by giving a strong sales speech to convince the prospect in buying the insurance. Then he realize that a!
ll this while, he has not practice listening to the client, to find out and understand their conditions and needs and then tailor a policy that is suitable for them. After realizing his mistake, we work on changing his strategy the next time he meet his client. And “Bang”!!! His sales pick up from there and he end of topping the sales in his company.

b. Adam Khoo’s, the young self made millionaire in Singapore has created the most best-selling motivating seminar in Asia Pacific. However, in the very beginning, when Adam is an unknown motivational speaker, he has hard time convincing the crowd to sign up for his seminar. During one of this very first preview talk, only one person signs up for his event. He is expecting 15 persons to sign up. So did he give up? No!!! Different person in his situation will decide and react differently. Those who failed will give up by listening to the negative from their own inner voice or from other. For him who mindset who has been transforms to think positively, he gets feedbacks from the crowds who did not sign up. There he learns that most of them are not too sure if his seminar is worth the $2000 price tag that he demands. Some are not able to commit the time for the several weekends that are required for the course. So he changes this strategy in his next preview. This time h!
e offers a money back guarantee for those who attend his workshop if they are not satisfied with the value that they will have received in his workshop. He also structures the workshop to fewer weekends. Bang! Because of his flexibility in changing his strategy, the next enrollment session attract 13 people to sign up. What a different a change in strategy will effect a result.

As an additional note, do not take customer (if you are the owner of a company) or your boss ( if you are employee) complain as a complaint. Yes, I mean it. Take it as a feedback for you and your company to improve and change your strategy for greater success. There is no denying the height where you can soar if you perfected your strategy in reaching the goals and dreams that you so desired in your life.

6) Once you got the right strategies working for you, exit from the system and move on to set another more ambitious goals – to challenge to limit on how far you can go.

A quote from the book “The winning investment habits of Warren Buffet and George’s Soro” written by Mark Tier book, he mentioned that the Master Investor never makes an investment without first knowing when he is going to sell. Remember, profit is made when you sell equity, not when you buy.

This applies to setting up a business. You must frame out the business in the beginning with an exit strategy for yourself. Just like how Bill Gate can now move on to work on his charitable work leaving behind the Microsoft business system stilling running dynamically, generating earning to increase shareholder stake and paying the payrolls for thousand of employees worldwide.

7) Controlled your Gain and Invest it for High Compound growth rate in the long term.

This is the last and the most powerful way to grow your wealth. Firstly, you have to practice delay gratification so that you can re-invest all the monies that you have earned from business and Investment to Equity or any investment vehicles that can give you a consistent high percentage of return of interest while preserving the capital sum. In other word, re-invest your monies to achieve high percentage growth in compounding interest.

Do not underestimate the power of compounding. As Albert Einstein, the greatest genius of our time once remarked that compound interest was the greatest mathematical discovery ever made. He have a formula for compound interest other than his famous E=MC square. It is called the Rule of 72.

For example, if you can reinvest your monies to achieve 30% compound rate of return, it will take 72 / 30 = 2.4 years. This mean that if you invest $200,000 on an investment that give you a compounding rate of return of 30%, then your monies will double to $400,000 in 2.4 years from the time you start the initial investment. In (2.4 + 2.4) = 4.8 years, you monies will grow to be $800,000. In (2.4 + 2.4 + 2.4 ) = 7.2 years, you monies will increase to $1,600,000. In (2.4 + 2.4 + 2.4 + 2.4) = 9.6 years, your monies will rise to $2,400,000. Whow…. In just less than 10 years, your initial $200,000 will grow to a staggering $2.4 millions dollars. Isn’t that amazing? It is no wonder why Warren Buffet is so frugal when it comes to monies so he see the future value of the dollar that he own today.

In conclusion, Money is a game. You must learn how to play the game to win it and not to play to game not to lose it. If you brush up your financial education and learn to play the game of money for winning, you will attain great wealth in your lifetime.

Prior to that, you must “Think and grow rich”, to expand your thinking to embrace the possibility within you to create massive amount of wealth for yourself and your family. If you will, nothing is going to stop you from achieving your dream for financial freedom and monetary success. I wish you all the success in your journey to attain great wealth. Do remember to bless the society once you are wealthy with donation and gift. The more you give away, the more you will receive in return.

Imagine this…

You awake from bed on a Monday Morning… lazing on your bed. You do not did to work as you have multiple streams of Incomes coming to you even you are sound asleep yesterday.

You have not worry for money. Indeed, you have too much monies that you are considering giving some away to charity.

Now, you have a problem, but a good one. You have too much money and wonder what to do with them. You are your own boss now.. fully controlling your time and decide what you want to do at any moment of your life.



So, put into action right now to achieve your dreams. God bless!

How The Easy Chair Millionaire Helped Me Make Money From Home

When I first found the easy chair millionaire it kind a reminded me of the rich jerk. Someone lazy, laid back, and loving life. I bought the rich jerk, and loved what he has to say. So I thought to myself this was probably like the rich jerk, and bought it.

I have to say his attitude in like the rich jerk but the information and the how to guides where a ton of help for me. I really liked the fact that I didn’t need to do to much work, as I can be a very lazy person myself sometimes. A lot of it was already done for me. Of course I had to do some work but not nearly as much as I thought.

The easy chair millionaire took me by the hand and showed me exactly what I had to do. Most people claim to have the answer to everything, and claim to help show you the way. Well the easy chair millionaire defiantly lives up to its name.

The steps where easy to follow, and where so simple even a beginner could do this. There is nothing you will not be able to understand. He has put together one of the best dummy proof systems I have seen in a long time. This isn’t the first product I bought like this. But the easy chair millionaire is by far in my top 3 that I have purchased.

If you are searching for a successful program that will show you how to make extra money online. I highly recommend you take a look at what the easy chair millionaire has to say. You will not be disappointed at all.

by: Chris Rohrer