To Achieve… To Succeeed…

Millionaire Money Habits

January 13th, 2009 at 9:22 pm

Are You an Entrepreneur If…?

» by Ryan in: Money Mindset

By definition, an entrepreneur is, “someone who organizes a business venture and assumes the risk for it.” Likewise, someone who is entrepreneurial is someone who can measure risk and reward and use innovation in order to profit or gain.

So at what point does someone actually become an entrepreneur? In order to label yourself (or be labled) as an entrepreneur, do you have to start a certain number of businesses? Are you an entrepreneur if…

  • You Sell Something on eBay?
  • You Do Snow Removal for a Few Bucks for Your Neighbor?
  • You Drive Your Co-Workers to Work for a Few Bucks?

At what point do you actually become an entrepreneur and can consider yourself an expert at starting business ventures and profitting from them?

In my opinion (coming from someone without the credentials to give one), an entrepreneur knows they are an entrepreneur not because of what they have accomplished. The ability to see an opportunity, get excited about the opportunity, organize all the parts in order to take advantage of the opportunity, making it not only work but scale that business up in a way that becomes self-sufficient, and then do it all over again is something that is inherent. You not only have the ability to do this, but you love to do this. Therefore, I believe, that an entrepreneur is not measured by what you accomplished, but how you behave and think.

You can train to become an entrepreneur and certainly become better at it, but for the most part I believe people are born with an entrepreneurial mind — or at least they were conditioned to become that way.

So what do you think? Are entrepreneurs born or are they made?

  • Share/Bookmark
comments Comments (1)   
January 9th, 2009 at 9:00 am

Face Your Reality, Then Create One


Desire is a very powerful thing. If there is something you truly want, nothing can stop you from doing whatever it takes to achieve your goal. People can try to stop you, but they don’t have a chance. They can tell you are silly or wrong, but you’ll just tune them out. You could fail many times, but you’ll just get up and try again.

Someone with unstoppable desire has an ability to achieve great things. Unfortunately, it can be so powerful that it could be a dangerous thing and cause people harm or hardship.

While having this ultimate level of passion to reach a particular goal is important, alone it is not enough. You could want to be a millionaire, but wanting to become wealthy will not always get you there. Maybe it will, but if you want to guarantee success you need the perfect formula.

One part of the equation that is missing is getting in tune with your reality.

Before you can get out of debt, increase your income, climb Mt. Everest – whatever your goal is – you first need to take a look in the mirror and look at where you are and how you got there.
Let’s say your goal is to start your own multi-million dollar business. Maybe you’ve tried that before and it failed. Rather than dismissing it as the business failing or thinking that owning a business will not make you wealthy, analyze what went wrong.
Any time something does not go as planned it is an opportunity to become stronger.

Look closely at the situation, the experience, and the results. Learn something from it.

  • What went wrong?
  • What could have been done better?
  • What didn’t happen that you expected to?
  • How would you do things differently this time?
  • What didn’t you like?

A vital part of being successful is the ability to analyze your failures and use that experience to grow.

The next part is to look at your current reality, and think about what has to change to achieve your goal. If your current reality does not provide the environment or conditions to reach your goal, what needs to change?

Never simply think or say, “It can’t be done,” because it can. If you believe in “it can’t be done,” read about the story of how Motorola engineers were faced with the challenge of creating the world’s slimmest phone. Later it became recognized by the world as the Razr.

Lastly, you create your reality by taking action. It is amazing and sad how much potential is locked up inside all of us and is never realized. How many times have you caught yourself saying, “I want to do…” and never took the first step to making that happen.

Create your reality by taking the steps necessary to change your reality. Not only by taking action, but create your reality in your mind as well. If you want to become a millionaire, start thinking like a millionaire.

  • How would it feel?
  • What would change?
  • What would you do with your time?
  • How would you spend your money?
  • How much money would you make on a daily basis?
  • Who would you socialize with?

Start achieving your goal now by creating the reality in your mind. Do this every day. Reality is perception, and if you change the way you look at yourself, then your dreams will become realities. This is otherwise known as the law of attraction.

  • Share/Bookmark
Tags:
comments Comments (0)   
January 7th, 2009 at 9:53 am

How to Make Money Without Working


When you crack the millionaire code, you realize exactly just how easy it is to make money. It’s not about working harder, getting a raise, or positioning yourself for a big promotion. There is actually a way to make money without working at all – and a lot of it.

It starts with having a mindset to actually not work and to do absolutely as little as possible. Sound impossible?

Think about this. How many people do you think want to have their house painted? Probably a lot, but we’ll assume through your own research that there is a lot of business to be had in your area, so you do the following:

  1. Find a reputable painter that charges $20 an hour + materials
  2. Find a college student willing to build a website for you for free, which he is happy to do to add to his portfolio
  3. The website advertises your fantastic painting service at $50 an hour, and has a registration form to hire you for your services
  4. That order is automatically routed to notify the $20/hour painter about the job
  5. The work is complete, and you are paid $50/hour, and you pay the painter his $20/hour fee

This is a simplified version of what people are doing everyday to make millions of dollars. The system is set up once, and it brings in money over and over again.

Rather then working to make money, self-made millionaires spend their time creating systems that earn money for them. In other words, when you stop spending time trying to make money and start creating systems that generate income, the amount of money you can make is endless. This is the power of leverage. In this case, using other people’s time.

There are many ways to do this: through real estate, trading currency, outsourcing, and creating online income streams.

Take the online income stream example. There are many ways to make money online, one of which is to sell affiliate products. Basically it is earning a commission for recommending people to purchase a product. Let’s say you know a bit about exercise or had some experience with a particular piece of exercise equipment.

  1. You visit the company’s website and sign up for their affiliate program, which provides you with a unique link and pays you $50 for every sale you refer.
  2. Anytime anyone clicks your link to visit the exercise equipment site and makes a purchase, you are credited with the commission.
  3. You write an article or review about the equipment and post your article for free online.
  4. Now your article is online forever, and about 5 times a day someone reads your article and visits the site. About once a month one of those visitors actually purchases the equipment and you make your commission.

Because you spent a little time building your own min-income system, you are making $50 every single month as long as the internet and that affiliate program exists.

That’s not a lot of money, but considering the whole process maybe took an hour, it makes sense to spend your time writing more articles or promoting additional affiliate products. After 2 months of spending 1 hour a day creating these income systems you now have 60 articles promoting affiliate products, and you are making about $3,000 a month whether you do anything else to promote the products or not.

In this example, you’re creating streams of income through leverage by using the Six Figure Yearly system.

Learn to develop a skill that can provide value, and you will be capable of creating income producing systems that can make you a comfortable living without working at all.

When you figure out how to create a system that makes even a small amount of money, simply repeat the process. Eventually your automated system will bring in a healthy stream of income for you.

  • Share/Bookmark
Tags: , ,
comments Comments (8)