Saturday, September 13, 2008

Notes from a Millionaire


 

On the Path to Wealth

Two ways of thinking:

Traditional

  • Little risk if any
  • Disciplined savings
  • Disciplined spending
  • Focus on building assets
  • Building purchases
  • Highs and lows stabilized
  • (may be best for those with family considerations)


 

Entrepreneurial

  • Higher level risks
  • Belief of spend it, and income will increase
  • High lifestyle
  • Highs/Lows @ extremes
  • Must be able to adjust standard of living
  • Highs can be grand


     

And of course the third path, which is a combination of both…

4 Keys to Financial Success

  1. Make a definite decision to be wealthy.
  2. Establish positive beliefs (what you can and can't do is based on your beliefs.)
  3. Never listen to what others tell you what you can't do.
  4. Use leverage

Some examples of positive beliefs:

  • "I am happy any time I am working towards my goals, spending time with my loved ones, and am learning or growing."
  • "I always continue to increase my net worth and earnings each year."
  • "I turn impossible looking situations into goldmines (every time.)"
  • "All the mentor's, teachers, and assistance I ever need shows up with impeccable timing."


     

  • Develop the mentality in business to "Work yourself out of a job."


 

About Life Purpose


Remember that although you may not always feel like you are making a ground shaking contribution to your family, friends, and the planet as a whole…although you may not feel like Ghandi or Mother Teresa- you are still living and doing your part just by making any effort at all. You are still living your part. Who knows how many lives you have touched with one kind word, one thoughtful gesture, or one kind action (however rare they may be)?

One thoughtful moment to stop and wish someone well, one smile, one tiny extra effort made, one hand extended, one word of encouragement—these things can have an untold echo throughout the world and for generations to come. One act of love can change the course of history.

Get to Know the Author

Here is my attempt to be as open and candid as I possibly can about my desires. If I wanted to make it sound all peaches and cream, I would throw things out like world peace & feeding the children at the very top of my list…but in this case, I will attempt a more raw and truthful analysis of what motivates me in life.

What are some of my most motivating factors in life as it stands?

Motivating Factors:

  • Travel
  • Financial Freedom
  • Spirituality
  • Sex
  • Beauty
  • Nature
  • Variety
  • Social Interaction
  • Relationships
  • Self-expression
  • Challenge
  • Opportunity
  • Competition
  • Power
  • Establishing a legacy
  • Helping others
  • Notoriety
  • Mastering new skills

What are my top ten out of these?

  1. Financial Freedom, enough passive income to pay for my desired lifestyle.
  2. Spirituality
  3. Sexuality
  4. Travel
  5. Variety
  6. Relationships (family, friends, loved ones)
  7. Self-expression
  8. Establishing a legacy, and helping others
  9. Nature
  10. Power