Start your own Internet business from home.
Build residual and leveraged income to create real wealth.
World Wide Income System that REALLY WORKS!
All it needs is you.
FREE Training and support, websites and products all provided! - ZERO RISK!
Saturday, October 18, 2008
Network Builder Program
Retired? Unemployed? Laid-Off, or Insufficient Income?
Start your own Internet business from home.
Build residual and leveraged income to create real wealth.
World Wide Income System that REALLY WORKS!
All it needs is you.
Start your own Internet business from home.
Build residual and leveraged income to create real wealth.
World Wide Income System that REALLY WORKS!
All it needs is you.
Thursday, September 18, 2008
Saturday, September 13, 2008
GROWING WEALTH IN A SURE SYSTEMATIC WAY
While many know what to do to earn a living, few know how to grow what they have now into their dream wealth state. Lack of this knowledge make many to wonder about the riches of others and some to think that all depend on luck. Those blessed with physical strength expend it in doing many things that they believe will generate more income and thereby achieve financial independence. The question is how many have reached their goals through this? Very few, if any, ever.
The truth is not just that wealth growth is possible, but there is also a sure systematic way of achieving it. Growing wealth requires income generation. Income generation is categorised into two divisions for purpose of wealth growth namely, active and passive income. The other category is residual income which is also passive income. Actually all residual incomes are passive income though not all passive are residual. Let look at this one by one.
Active Income
These involve working for a particular pre-determined sum. This could be salary, wages, commission etc. The basic xteristic is that the worker knows how much is going to earn in a given period of time based on certain parameter. In this arrangement, he has to engage in some specific work before he can earn income (which is usually commensurate with work done). What this mean is that it is only when he works that he earns income. Also, the income is more or less within a range that it hardly breaks away from.
The implication of this is that his level of income just oscillates within a range with little or no capacity to grow wealth. In order to get more money, many decide to work extra by doing more than one job. This hardly lands them in the desired dream financial state as there is always limit to the productivity of an individual no matter his potentials. A great percentage of the world is in this category.
The problem is that while more work may generate some extra-incomes, it makes the individual more financially dependent on whoever he is paying him and on the work. In short, work hardly liberates anyone from financial dependence nor does employer. This is not limited to those who are doing paying jobs (salary and others) alone but even the self-employed.
Passive Incomes
This type of incomes is based on receipt from work done or investment. It is named passive because the earner does virtually nothing apart from the initial work or investment to continue earning the income. Such work or investment generates streams of income continuously at specific intervals. One of its beauties is that it does not stop the person from his daily activity nor make any demand as per time, effort and resources he has originally expended. Example of this is dividend and capital appreciation from stock, rent/lease income from real estate, income from mutual fund, forex managed account, interest income from loan etc. In this category, probability of wealth growth is high and continuous.
Residual Income
This is a type of passive income where certain income inflow is more or less guaranteed periodically. Unlike some passive income, the earner is sure of the receipt, even the amount and the time. Example is agent commission and rent from real estate. The only work for the agent is to get the tenant. If the contract stipulates 5% commission on all rent paid for the whole period of the tenancy, such agent continues to enjoy stream of income from the monthly or yearly paid rent with virtually no additional work. The same is applicable to the owner of the property whose only substantial cost is the property investment. Other examples are autoresponders’ affiliate programs, school/educational businesses, debentures etc.
Having seen the various divisions of income, it should be clear to a wise person the steps to take to consistent wealth growth. All that is required is to engage in a very good economic activity that will supply active income. Once this can take care of basic need the next wise thing is to divert all remaining time, effort and resources to activities that will generate passive and residual incomes. Beautiful enough, it is very easy and convenient to have many of these, and the more investments you have on this side, the more and better your chance of growing wealth and being financially independent and bouyant.
The truth is not just that wealth growth is possible, but there is also a sure systematic way of achieving it. Growing wealth requires income generation. Income generation is categorised into two divisions for purpose of wealth growth namely, active and passive income. The other category is residual income which is also passive income. Actually all residual incomes are passive income though not all passive are residual. Let look at this one by one.
Active Income
These involve working for a particular pre-determined sum. This could be salary, wages, commission etc. The basic xteristic is that the worker knows how much is going to earn in a given period of time based on certain parameter. In this arrangement, he has to engage in some specific work before he can earn income (which is usually commensurate with work done). What this mean is that it is only when he works that he earns income. Also, the income is more or less within a range that it hardly breaks away from.
The implication of this is that his level of income just oscillates within a range with little or no capacity to grow wealth. In order to get more money, many decide to work extra by doing more than one job. This hardly lands them in the desired dream financial state as there is always limit to the productivity of an individual no matter his potentials. A great percentage of the world is in this category.
The problem is that while more work may generate some extra-incomes, it makes the individual more financially dependent on whoever he is paying him and on the work. In short, work hardly liberates anyone from financial dependence nor does employer. This is not limited to those who are doing paying jobs (salary and others) alone but even the self-employed.
Passive Incomes
This type of incomes is based on receipt from work done or investment. It is named passive because the earner does virtually nothing apart from the initial work or investment to continue earning the income. Such work or investment generates streams of income continuously at specific intervals. One of its beauties is that it does not stop the person from his daily activity nor make any demand as per time, effort and resources he has originally expended. Example of this is dividend and capital appreciation from stock, rent/lease income from real estate, income from mutual fund, forex managed account, interest income from loan etc. In this category, probability of wealth growth is high and continuous.
Residual Income
This is a type of passive income where certain income inflow is more or less guaranteed periodically. Unlike some passive income, the earner is sure of the receipt, even the amount and the time. Example is agent commission and rent from real estate. The only work for the agent is to get the tenant. If the contract stipulates 5% commission on all rent paid for the whole period of the tenancy, such agent continues to enjoy stream of income from the monthly or yearly paid rent with virtually no additional work. The same is applicable to the owner of the property whose only substantial cost is the property investment. Other examples are autoresponders’ affiliate programs, school/educational businesses, debentures etc.
Having seen the various divisions of income, it should be clear to a wise person the steps to take to consistent wealth growth. All that is required is to engage in a very good economic activity that will supply active income. Once this can take care of basic need the next wise thing is to divert all remaining time, effort and resources to activities that will generate passive and residual incomes. Beautiful enough, it is very easy and convenient to have many of these, and the more investments you have on this side, the more and better your chance of growing wealth and being financially independent and bouyant.
Saturday, August 16, 2008
SFI Merchant Services
Business owners:
Sweet 5-piece credit card processing system is GUARANTEED to increase your profits!
Increased profits GUARANTEED with sweet 5-piece credit card processing system.
visit to http://www.quickinfo247.com/10154407/MS to get your own card today.
Also, a view of the SFI Merchant Services is at the right side.
Click on LEARN MORE
Sweet 5-piece credit card processing system is GUARANTEED to increase your profits!
Increased profits GUARANTEED with sweet 5-piece credit card processing system.
visit to http://www.quickinfo247.com/10154407/MS to get your own card today.
Also, a view of the SFI Merchant Services is at the right side.
Click on LEARN MORE
Thursday, August 14, 2008
Thursday, August 7, 2008
EASIER WAYS OF MAKING MONEY THROUGH FOREX WITH LITTLE OR NO EXPERIENCE
While it is quite true that the forex market is a high risk one given its volatility and unpredictable nature, the fact is that it is also full of great potentials. These potentials have made many to spend a great deal of money and time trying to demystify the market. Some have been successful while others are not. Those who are a little scary or with low risk appetites have abandoned the market all together. Many dare not even start at all.
However, though unknown to many, they could have easily achieved their financial dream through the market. How could they?
Forex Managed Account
Like said above, there are those who have demystified the market successfully. Some of these forex professionals are willing to trade others account for them for a return. These returns could be a fixed fee charged for a period of time (a month or so), a percentage of gains in excess of the capital, or a mixture of both. Another good thing about forex managed account is that some will not only guarantee the initial capital (so that you have nothing to lose of your investment) but certain percentage of returns as well. You can even demand for guarantee of re-invested profit to certain degree. All depend on your bargaining power, skill, experience and knowledge. Forex managed account is becoming more and more popular and Wealthcreationseeds has it as one of the leading means of wealth’s growth.
One thing you should know is that this account is your own personal account under your control as per withdrawal of funds so you need not entertain fear of being defrauded. Again you can have more than one of these accounts with many different professionals. Imagine how much will be accruing into your bank account on monthly basis with you doing virtually nothing. No risk, no stress or associated tension of trading forex. You just smile to the bank. You are fully leveraged as others bear the risk.
Automated Trading Software (ATS) – Robot
This is another wonderful opportunity offer by forex market. There are many of these softwares. Forexmoneysecrets has list of some of these robots. They actually trade the market for you without any human intervention than you setting it up. So whether you are sleeping or doing some other work, money is being generated for you to cash. They require little knowledge to set up and such guides are usually fully provided in the manuals. For a given small amount of money, you purchase these softwares (as they are very cheap compare to the huge amount they generate), get a computer system connected to the internet, open an account of some amount of money with a broker, set up the ATS as instructed through the manuals and you are done. One thing again, you can use more than one of these robots and also have many accounts. Beautiful enough, some brokers even allow the software to sit on their servers. What this mean is that you do not have to put on your computer through out all the trading period you want to use the software. Once set up, you can shut down your system anytime you wish. What remains is for you to start cashing money.
Trading Advisors
These are softwares that help to analyse the market. You can get list of some of them at Forexmoneysecrets. They are far better than indicators as they are artificial intelligence and expert systems, not just statistical charts. With these you can trade the market with high level of confidence. Many tend to ignore these softwares on the ground that they could analyse the market themselves. The rationale behind this is quite questionable as many of these market analyses are carried out based on various charts and indicators that are basically statistical and historical. It is common knowledge that expert systems are far ahead of statistical ones and more over the best of automated trading systems – robots are developed based on these trading advisors. The use of trading advisors is quite good considering the fact that human brain can hardly comprehend all known scenarios together and that at the same time for effective trading decision. This, a software can easily do as along as it is in its configuration. So the use of trading advisors is quite helpful as additional aid in trading. Many novices have used them to make fortunes from the forex market.
Loan for Forex Trading
Many forex traders usually take loan at a very high rate. The high rate is in commensurate with the risk involved in the trade. As the forex market requires huge amount of money, individual trader at times face finance challenges. Since it is not a normal thing for banks to lend to individual forex trader, those of them who need fund have to look elsewhere. This makes them to be ready to pay high interest rate. Those who have money to lend out can benefit greatly from this. Just find out some good professional traders who need fund for trading and enter into a loan contract with them. This is a good source of passive and residual income.
It is time for anyone willing to grow wealth avail himself of these opportunities
However, though unknown to many, they could have easily achieved their financial dream through the market. How could they?
Forex Managed Account
Like said above, there are those who have demystified the market successfully. Some of these forex professionals are willing to trade others account for them for a return. These returns could be a fixed fee charged for a period of time (a month or so), a percentage of gains in excess of the capital, or a mixture of both. Another good thing about forex managed account is that some will not only guarantee the initial capital (so that you have nothing to lose of your investment) but certain percentage of returns as well. You can even demand for guarantee of re-invested profit to certain degree. All depend on your bargaining power, skill, experience and knowledge. Forex managed account is becoming more and more popular and Wealthcreationseeds has it as one of the leading means of wealth’s growth.
One thing you should know is that this account is your own personal account under your control as per withdrawal of funds so you need not entertain fear of being defrauded. Again you can have more than one of these accounts with many different professionals. Imagine how much will be accruing into your bank account on monthly basis with you doing virtually nothing. No risk, no stress or associated tension of trading forex. You just smile to the bank. You are fully leveraged as others bear the risk.
Automated Trading Software (ATS) – Robot
This is another wonderful opportunity offer by forex market. There are many of these softwares. Forexmoneysecrets has list of some of these robots. They actually trade the market for you without any human intervention than you setting it up. So whether you are sleeping or doing some other work, money is being generated for you to cash. They require little knowledge to set up and such guides are usually fully provided in the manuals. For a given small amount of money, you purchase these softwares (as they are very cheap compare to the huge amount they generate), get a computer system connected to the internet, open an account of some amount of money with a broker, set up the ATS as instructed through the manuals and you are done. One thing again, you can use more than one of these robots and also have many accounts. Beautiful enough, some brokers even allow the software to sit on their servers. What this mean is that you do not have to put on your computer through out all the trading period you want to use the software. Once set up, you can shut down your system anytime you wish. What remains is for you to start cashing money.
Trading Advisors
These are softwares that help to analyse the market. You can get list of some of them at Forexmoneysecrets. They are far better than indicators as they are artificial intelligence and expert systems, not just statistical charts. With these you can trade the market with high level of confidence. Many tend to ignore these softwares on the ground that they could analyse the market themselves. The rationale behind this is quite questionable as many of these market analyses are carried out based on various charts and indicators that are basically statistical and historical. It is common knowledge that expert systems are far ahead of statistical ones and more over the best of automated trading systems – robots are developed based on these trading advisors. The use of trading advisors is quite good considering the fact that human brain can hardly comprehend all known scenarios together and that at the same time for effective trading decision. This, a software can easily do as along as it is in its configuration. So the use of trading advisors is quite helpful as additional aid in trading. Many novices have used them to make fortunes from the forex market.
Loan for Forex Trading
Many forex traders usually take loan at a very high rate. The high rate is in commensurate with the risk involved in the trade. As the forex market requires huge amount of money, individual trader at times face finance challenges. Since it is not a normal thing for banks to lend to individual forex trader, those of them who need fund have to look elsewhere. This makes them to be ready to pay high interest rate. Those who have money to lend out can benefit greatly from this. Just find out some good professional traders who need fund for trading and enter into a loan contract with them. This is a good source of passive and residual income.
It is time for anyone willing to grow wealth avail himself of these opportunities
Friday, August 1, 2008
DISCOVER NEW, SPECIAL, XTRAORDINARY SECRETS
Have a new experience on the net: http://newinternetbusinesses.blogspot.com
DISCOVER NEW, SPECIAL, XTRAORDINARY SECRETS
Forex market though highly risk is being demystified by some people. Find out how you can easily enrich yourself through forex market at http://forexmoneysecrets.blogspot.com
Pass Any Exam
Find out the systematic ways of studying and scaling through exams easily at http://passyanyexam.blogspot.com
Saturday, July 19, 2008
MLM
DubaiMLM!
DubaiMLM Reward Dollars will be paid as follows:
(50) DubaiMLM Dollars to each NEW MEMBER.
(10) DubaiMLM Dollars to the personal sponsor of each NEW MEMBER.
(1) DubaiMLM Dollar for each NEW MEMBER below your DubaiMLM Position -- up to FIFTY LEVELS.
Join now or
Go to http://toba11.dubaimlm.com
http://bestofforex.blogspot.com, http://wealthcreationseeds.blogspot.com, http://betterjobshighway.blogspot.com, http://upnigeria.blogspot.com
DubaiMLM Reward Dollars will be paid as follows:
(50) DubaiMLM Dollars to each NEW MEMBER.
(10) DubaiMLM Dollars to the personal sponsor of each NEW MEMBER.
(1) DubaiMLM Dollar for each NEW MEMBER below your DubaiMLM Position -- up to FIFTY LEVELS.
Join now or
Go to http://toba11.dubaimlm.com
http://bestofforex.blogspot.com, http://wealthcreationseeds.blogspot.com, http://betterjobshighway.blogspot.com, http://upnigeria.blogspot.com
Saturday, July 12, 2008
Tips on Growing Wealth
Various ways of growing wealth are available in this generation. The advent of modern state and economy coupled with different breakthroughs in communication technology has not only opened up new opportunities but present them with greater potentials and much easiness for any one ready to take advantage of them
While these opportunities are not entirely new, there are now new various dimensions to earning fortunes through them with much easiness – little or no stress.
The question is what are they?
Landed Property:
For many, returns on landed property are basically limited to the rent/lease income from tenants, while some get good returns in form of appreciation. More than this, rent-out property can still generate substantial incomes through surety for loans.
Shares:
Many have shares but do not know how to turn them into gold. Shares can be used to earn extra-incomes through surety of loans for others. This is so good as dividends and capital appreciation are still there for your enjoyment.
Asset Management:
Many good stock broking firms offer asset management services. By opening accounts, your investment in stock and some other financial instruments are traded for you and you earn better returns than just holding them.
Mutual Funds:
Though the benefits from mutual funds at times greatly supercede those of shares, many are ignorant or ignoring it. Mutual funds offer steady growth of wealth, good returns through dividends and consistent effortless re-investment opportunities. Moreover, most mutual funds are without any charge or fee.
Money Market:
Treasury bills and treasury certificates are the common instruments usually traded in this market. They offer fixed returns in form of interest with 100% guarantee. It is a very good investment window for those with idle fund in the short-run.
Partnership Arrangement/Small-Scale Business:
Investment in partnership or small-scale businesses can be in form of loans or capital as members. They offer tremendous growth opportunities as interest on such loans are far better than those offer by financial institutions. Also, with time such businesses become big and present someone with good returns in profit sharing and private placement options.
Forex Market:
Though dreadful, there are ways one can grow wealth with ease through this market. One of such is managed account. There are many professional traders who are willing to trade others’ accounts. Many will not only guarantee the initial investment but a certain percentage of returns on monthly basis. What a great opportunity for those who are aware and ready to give it a trial.
Affiliate Programmes:
Through these programmes, one continues to earn consistent commissions and receive discounts on personal purchases by marketing the outfits’ products. This is quite good a lot considering the extensive marketing link for one’s own business on the net and the periodic receipts from the affiliate outfits.
These are some of the ways by which one can readily grow wealth in this our time.
You are also encouraged to be constant in visiting this website as more wealth creation tips are brought up or better explained.
These sites are likewise useful: http://forexmoneysecrets.blogspot.com, http://internationaljobsmarket.blogspot.com, http://newinternetbusinesses.blogspot.com
While these opportunities are not entirely new, there are now new various dimensions to earning fortunes through them with much easiness – little or no stress.
The question is what are they?
Landed Property:
For many, returns on landed property are basically limited to the rent/lease income from tenants, while some get good returns in form of appreciation. More than this, rent-out property can still generate substantial incomes through surety for loans.
Shares:
Many have shares but do not know how to turn them into gold. Shares can be used to earn extra-incomes through surety of loans for others. This is so good as dividends and capital appreciation are still there for your enjoyment.
Asset Management:
Many good stock broking firms offer asset management services. By opening accounts, your investment in stock and some other financial instruments are traded for you and you earn better returns than just holding them.
Mutual Funds:
Though the benefits from mutual funds at times greatly supercede those of shares, many are ignorant or ignoring it. Mutual funds offer steady growth of wealth, good returns through dividends and consistent effortless re-investment opportunities. Moreover, most mutual funds are without any charge or fee.
Money Market:
Treasury bills and treasury certificates are the common instruments usually traded in this market. They offer fixed returns in form of interest with 100% guarantee. It is a very good investment window for those with idle fund in the short-run.
Partnership Arrangement/Small-Scale Business:
Investment in partnership or small-scale businesses can be in form of loans or capital as members. They offer tremendous growth opportunities as interest on such loans are far better than those offer by financial institutions. Also, with time such businesses become big and present someone with good returns in profit sharing and private placement options.
Forex Market:
Though dreadful, there are ways one can grow wealth with ease through this market. One of such is managed account. There are many professional traders who are willing to trade others’ accounts. Many will not only guarantee the initial investment but a certain percentage of returns on monthly basis. What a great opportunity for those who are aware and ready to give it a trial.
Affiliate Programmes:
Through these programmes, one continues to earn consistent commissions and receive discounts on personal purchases by marketing the outfits’ products. This is quite good a lot considering the extensive marketing link for one’s own business on the net and the periodic receipts from the affiliate outfits.
These are some of the ways by which one can readily grow wealth in this our time.
You are also encouraged to be constant in visiting this website as more wealth creation tips are brought up or better explained.
These sites are likewise useful: http://forexmoneysecrets.blogspot.com, http://internationaljobsmarket.blogspot.com, http://newinternetbusinesses.blogspot.com
Tuesday, May 20, 2008
How To Be A Millionaire
So, you want to be a millionaire.
It's a big goal, and for most people there are only four options to make it happen. You can inherit money, win money, save money or earn money.
In other words, you can inherit money from a rich relative, win the lottery, save for most of your life, or earn a million in your own business.
Inherit Money
This one is pretty straightforward. You either come from money or you don't. Movies are full of stories about people inheriting millions unexpectedly from long-lost relatives, but don't count on it. Even if you do have rich relatives, you could wait years and years before the millions become your own.
Bottom Line: It's not your money, so don't waste your life waiting for it.
Win the Lottery
The odds of winning the lottery in a single state lottery are about 18 million to one. Looking to win one of the multi-state Mega-Millions? Your odds of winning jump as high as 120 million to 1.
Your odds of being struck by lightening are about 2.65 million to one. You are 6 to 45 times more likely to be struck by lightening than to strike it rich on your next lottery ticket.
Bottom Line: Buying that lottery ticket is about as productive for your financial future as striking a match to that dollar and watching it burn.
Save Money
Finally, a guaranteed way to become a millionaire! If you discipline yourself to save and safely invest 10% of your income from the time you are 18, there is absolutely no doubt in my mind that you will have accumulated at least a million dollars by the time you are ready to retire at 65.
That means you need to be sensible and practical your entire life. No splurge spending on your dream car, or vacations in paradise. After all you are saving for your future!
Saving for your future is a great habit. But most of us just don't have the self-discipline to be successful at it. Personally, I would rather earn money fast so I don't have to sacrifice to save. I want to spend money on things that make my current life rewarding. Patience has never been one of my strong suits. If you can make the save and invest method happen, I applaud you.
Bottom Line: You can become a millionaire by saving wisely. But life is not guaranteed. How do you know you will be around to benefit from all your scrimping and saving?
Start Your Own Business
As far as I'm concerned, this is really your own option. The first three methods are either out of your control, or take so long that it may not be worth the wait. Generating extra income through your own business gives you the best odds of success.
Owning your own business gives you control over your income. Your success is solely dependent on your efforts. You don't have to be dependent on your boss for your next raise, fate to give you the winning ticket, decades of time to earn interest and dividends, or death to take away a family member.
Owning your own business also gives you the opportunity to spend hundreds or even thousands of dollars on ineffective marketing programs, training materials, and overhead expenses. If you have dabbled in business ownership at all, you know that running a business can cost big bucks, too.
Bottom Line: The best guarantee of generating income in a business is finding a product or service that people want to buy. Forget all that feel good fluff about "finding something you love". Get rolling by starting something that is tried and true, find someone experienced to help you along, and be willing to work.
Becoming a millionaire is a big goal. But there are more millionaires now than at any other time in history. If millionaire status is your dream, there is absolutely no reason why you can't achieve it.
At the same time, positive mental attitude and luck does not create millionaires. You have to have a plan and work your plan in order to make your dream a reality. Most importantly, expect that you will make mistakes, have to backtrack, and sometimes even have to start over.
Start researching your options now. Your best bet is to find a business you can start part-time. Keeping your day job limits your financial risk. Give yourself time to start making sales and generating income. If you don't need the business income to survive, you can invest everything back into your business at the beginning. This will give your business extra capital to grow more quickly.
It all starts with your vision. If you want it bad enough, and are willing to do more than want and dream, your vision can become your reality. Earning extra income is not dependent on luck or being born into the right family. You need to be willing to do whatever it takes, and stop settling for less.
Set aside just one hour a day to work on your business. I challenge you to schedule one hour each day as your Millionaire Hour. Start with research, but as soon as possible, find a product or service you can market, and start selling! Quit dreaming about being a millionaire, and start doing.
Where will you be one year from today if you have invested 365 hours into starting and running your own business? In five years, you would have worked a total of 1825 hours in your business, simply by spending just one hour a day, or seven hours each week on your business rather than the next prime time TV show.
Or, you can keep dreaming and keep on buying next week's lottery ticket.....
Todd Jensen, "The Profit Engineer", has helped hundreds of business owners make their business more successful and profitable. For tips and strategies on how to boost your business success as well as increase your profits, visithttp://www.theprofitengineer.com orhttp://www.freebusinessstartupinfo.com
Article Source: http://EzineArticles.com/?expert=Todd_Jensen
It's a big goal, and for most people there are only four options to make it happen. You can inherit money, win money, save money or earn money.
In other words, you can inherit money from a rich relative, win the lottery, save for most of your life, or earn a million in your own business.
Inherit Money
This one is pretty straightforward. You either come from money or you don't. Movies are full of stories about people inheriting millions unexpectedly from long-lost relatives, but don't count on it. Even if you do have rich relatives, you could wait years and years before the millions become your own.
Bottom Line: It's not your money, so don't waste your life waiting for it.
Win the Lottery
The odds of winning the lottery in a single state lottery are about 18 million to one. Looking to win one of the multi-state Mega-Millions? Your odds of winning jump as high as 120 million to 1.
Your odds of being struck by lightening are about 2.65 million to one. You are 6 to 45 times more likely to be struck by lightening than to strike it rich on your next lottery ticket.
Bottom Line: Buying that lottery ticket is about as productive for your financial future as striking a match to that dollar and watching it burn.
Save Money
Finally, a guaranteed way to become a millionaire! If you discipline yourself to save and safely invest 10% of your income from the time you are 18, there is absolutely no doubt in my mind that you will have accumulated at least a million dollars by the time you are ready to retire at 65.
That means you need to be sensible and practical your entire life. No splurge spending on your dream car, or vacations in paradise. After all you are saving for your future!
Saving for your future is a great habit. But most of us just don't have the self-discipline to be successful at it. Personally, I would rather earn money fast so I don't have to sacrifice to save. I want to spend money on things that make my current life rewarding. Patience has never been one of my strong suits. If you can make the save and invest method happen, I applaud you.
Bottom Line: You can become a millionaire by saving wisely. But life is not guaranteed. How do you know you will be around to benefit from all your scrimping and saving?
Start Your Own Business
As far as I'm concerned, this is really your own option. The first three methods are either out of your control, or take so long that it may not be worth the wait. Generating extra income through your own business gives you the best odds of success.
Owning your own business gives you control over your income. Your success is solely dependent on your efforts. You don't have to be dependent on your boss for your next raise, fate to give you the winning ticket, decades of time to earn interest and dividends, or death to take away a family member.
Owning your own business also gives you the opportunity to spend hundreds or even thousands of dollars on ineffective marketing programs, training materials, and overhead expenses. If you have dabbled in business ownership at all, you know that running a business can cost big bucks, too.
Bottom Line: The best guarantee of generating income in a business is finding a product or service that people want to buy. Forget all that feel good fluff about "finding something you love". Get rolling by starting something that is tried and true, find someone experienced to help you along, and be willing to work.
Becoming a millionaire is a big goal. But there are more millionaires now than at any other time in history. If millionaire status is your dream, there is absolutely no reason why you can't achieve it.
At the same time, positive mental attitude and luck does not create millionaires. You have to have a plan and work your plan in order to make your dream a reality. Most importantly, expect that you will make mistakes, have to backtrack, and sometimes even have to start over.
Start researching your options now. Your best bet is to find a business you can start part-time. Keeping your day job limits your financial risk. Give yourself time to start making sales and generating income. If you don't need the business income to survive, you can invest everything back into your business at the beginning. This will give your business extra capital to grow more quickly.
It all starts with your vision. If you want it bad enough, and are willing to do more than want and dream, your vision can become your reality. Earning extra income is not dependent on luck or being born into the right family. You need to be willing to do whatever it takes, and stop settling for less.
Set aside just one hour a day to work on your business. I challenge you to schedule one hour each day as your Millionaire Hour. Start with research, but as soon as possible, find a product or service you can market, and start selling! Quit dreaming about being a millionaire, and start doing.
Where will you be one year from today if you have invested 365 hours into starting and running your own business? In five years, you would have worked a total of 1825 hours in your business, simply by spending just one hour a day, or seven hours each week on your business rather than the next prime time TV show.
Or, you can keep dreaming and keep on buying next week's lottery ticket.....
Todd Jensen, "The Profit Engineer", has helped hundreds of business owners make their business more successful and profitable. For tips and strategies on how to boost your business success as well as increase your profits, visithttp://www.theprofitengineer.com orhttp://www.freebusinessstartupinfo.com
Article Source: http://EzineArticles.com/?expert=Todd_Jensen
Subscribe to:
Posts (Atom)
