Million Dollar Secrets

Roy Chan asked:




Let’s begin this lesson with a definition of the term Virtual Millionaire. This is an expression, known to the CPAs, but unknown to the general public. Why? It’s because the bank does not want you to know. Here is why…

Virtual Millionaire – An individual that has zero debt and a passive or near passive income of at least 60,000 a year.

For example, if you had $2,000,000 in the bank earning 6% interest, you would have $120,000 of yearly income. This income is known as PASSIVE income. It is called passive because you weren’t active I the production of this income. In other words, you did not work to get it. Yes, you worked to save the $2,000,000, but the income from the $2,000,000 keeps coming in without work.

A person with $2,000,000 in the bank could spend 6 months traveling the world and they would still make $120,000 each and every year and still have their $2,000,000 in the bank.

Before developing this further, there is one other critical point to make. Most folks have ZERO concepts of millionaire and their lifestyles. If you were a retired multimillionaires with $2,000,000 in the bank and this money was your entire life savings, would you spend your $120,000 yearly income and ALSO spend part of the $2,000,000?

If you are like most folks, you might have the conception that millionaires that spend money hand over first as if there no limit to how much they could spend!

The person with the $2,000,000 in the bank knows that if they spend more than their $120,000 income, next year they won’t have $2,000,000 to produce an income for future years. It will be less. Guess what? If they don’t have $2,000,000 to produce income, then they will no longer have the $120,000 in income, unless the interest rate goes up.

For some time, I tried to get my mind around this while concept of wealth as it relate to quality of life. I have determined, without question, that it isn’t having an immerse amount of money to throw away that provides a high quality of life. It is known that you would always have a very good income and that you could virtually anything you would ever want to do with your time and your life that produces the very highest quality of life (This doesn’t take into account spiritual or health issues.

My friends, that is true wealth, or as a mentioned in the introduction, this is Financial Wellness. In my previous experience with my wealthy clients, I didn’t appreciate the fact that multimillionaires, for the most part, don’t spend all that much money in a year. Their FREEDOM come and go almost at will has a near- magical impact on quality of life. That’s really living Well.

Based on my observations and experiences of working with the wealthy, I made a decision to focus my business in a different direction. I decide that I would pursue the creation of passive. INCOME, not the Creation of wealth or Assets.

You see, if you can produce $60,000 in a year in dependable passive income, this would be the equivalent of having $1,000,000 in the bank at 6%.

I determined that it would be much easier to create the lifestyle of a millionaire by focusing on creating income. So, I have done my best to become an expert in this very different way of thinking about the financial independence.

There are four ways to achieve financial independence. There is the traditional way, which is to work and save in a attempt to accumulate assets that will one day take care of your income needs. Some inherit it from someone else. A handful will win the lottery. And, finally the Virtual millionaire or income approach.

I want to suggest to you that the Virtual millionaire approach is not only far easier, but much more enjoyable in the process.

Consider this for a moment. If you are going to stay in the traditional way of thinking about financial independence, recognize that as folks work and save, they far too frequently deprive themselves of enjoying their life NOW.

I have seen folks so obsessed with saving money for some future unknown use that they become slaves to the future and have virtually no life, here and now. However the vast majority of people can’t save. They go deeply in debt and the high cost of interest makes it almost impossible for them to dig out of debt in order to finally begin a savings and investment program.

I want to suggest that for many of you it is far better to hire yourself and invest in your own company instead of buying stock in someone else’s company. Instead of trying save and invest to grow assets that you can some day live off, build your own business to produce an income that you can live off NOW and later.

My contention is that it is far easier to become a virtual millionaire than it is to achieve financial independence the traditional way. When you make a serious effort, you can achieve the extremely fast. By fast I mean a few years.

The virtual millionaire advantages are many. At the end of one year you won’t need any encouragement to continue. You will be so excited that you will be unstoppable.

In summary, I want to encourage you to concentrate on becoming a virtual millionaire. It is far easier to produce the income of a millionaire than it is to create the assets of a millionaire. Remember… millionaires DON’T spend their assets, they spend their income. It is the income that provides that quality of life.

I want you to think what your life would be like if you were totally debt free and you have at least $60,000 a year coming in year after year. You would be amazed at how much more joy you would have in your life.

The exciting thing is that there is nothing to stop you from working as hard as you choose to continually grow your income. With my approach, you still get to enjoy your life NOW while also preparing for early retirement.

Just for the record, if you develop your own business to the point that it is providing with a dependable $60,000 annual income then YOU ARE ALSO AN ASSET MILLIONAIRE.

The reason that is true is that, in the world of accounting, you don’t just place values on things; you also place value on stream of dollars.

This is exactly what annuities are all about. Every day millions of dollars are given to annuity companies in exchange for an income for life. These people purposely save their savings for an income the they can’t outlive.

The virtual millionaire approach places all the emphasis on creating a Business Annuity. Let your business produce the income stream you will need for debt elimination and for early retirement. When you do you will join the ranks of those who have achieved true financial wellness.

Caffeinated Content

Barbara Brinkmeyer asked:




Welcome Back Aspiring 1% Marketers,

There are few secrets to a millionaire mind even though much has been written on the subject. Today’s article gives you 10 major secrets you will witness in any true millionaire mind.

If you’re going to be a big success in any industry (network marketing, affiliate marketing — it does not matter), there are a few things you must know and master.

1) Be yourself. You must be the CEO of your business.

2) Reinvest in yourself on a continual basis. If it is important, you will find a way. You do not have to do it all in one chunk.

3) Know that you possess knowledge and skills others do not.

They will value and want what you have to offer.

4) To become a true millionaire in its most basic form, you must be willing to serve others from solid places, balancing others’ with what you will do for yourself. People will see this for what it is.

5) Learn what works and does not work. Put your ego in the backseat.

6) Hire the best. You do not have to pay a fortune for starters, but when you generate profits, you must be willing to continually hire and rehire those “who have high powered know-how. They are the ones who get results. They teach what they do.

7) True wealth is more than having a fat wallet or a heavy attitude. Wealth is a mindset, but it also includes having appreciation for family, self.., others, team mates and more. It is a quality of life you cannot buy. You do earn it.

Additional Information Embedding 10 Major Secrets of A True Millionaire Mind

Learn to live somewhat below your means, and live in cash whenever you can. Pay your bills on time. Do not take what is not yours. You heard this back in first grade. Save your profits. These ethics keep you in the game for as long as you want to be there.

9) Do not put on a show for anyone. Be starkly honest with yourself and others. Tell people “how things are” instead of using what could, should, or might be. People will respond to and appreciate your sincerity.

10) Work with a high-powered team. Receive and give in balance. Give back what you take. Help one another. Your team is the most important asset you will ever have. They keep you honest and they hold you accountable. Visualize, act in right-minded ways, then maintain your desired lifestyle in whatever dreamed amount you can conjure. Know that success is a process and an evolution. While it is healthy and loving to have extra savings and a stable bank account, success can be a moving target. Watch out for the greed-eyed monster (ego). It will delude you at any time.

11) There is no limit to what you can create. List your fears and limiting beliefs. Put this information on paper and look at it often. See if you can find better ways to turn this thinking around. Chances are, once you write down your most limiting beliefs, you will find those beliefs will not become your worse nightmares.

12) Do your subconscious work. Become an awakened being. There are many teachers on-line who can help with this kind of work. Find out what “you truly believe” — the answers will astound you. They will lead you to your most powerful self.

13) Take good care. Eat well, exercise regularly, and get your rest. You will need high energy to create and maintain your winning team and business.

There you have it — 10 Major Secrets of a Millionaire Mind.

Toasting Your Success Using Top 1% Marketing Means.

Kansieo.com

Larry Fletcher asked:




Reverse osmosis water is water that has been subjected to a specific filtering process. This process is often done by GE reverse osmosis filters. These filters use the process to create water that is cleaner than standard tap water, resulting in GE reverse osmosis water that has been stripped of foreign particles that existed.

The reverse osmosis process is one that sends water at high pressure through a reverse osmosis membrane. That membrane is designed to leave the water with no particles in it that are larger than the water particles. The resulting GE reverse osmosis water is certainly cleaner than tap water, but it is not necessarily clean. The water still may have a great deal of potentially harmful contaminants in it.

Because the water is sent through the kind of filter that it is, there are a number of contaminants that easily go through the filter’s membranes. GE reverse osmosis filters allow anything that is smaller than water to easily pass through. This leaves water that still contains any number of tiny toxin particles.

Unfortunately, many of the particles that are filtered out are actually beneficial when consumed in drinking water. The minerals that are so important to the human diet are often filtered out along with the large-particle toxins. This leaves behind water that is stripped of its naturally beneficial elements but still may have unhealthy contaminants.

The toxins that can be removed by the filters include rust, chlorine and some pharmaceuticals. However, the system can not remove all of them. Their levels will be reduced, but they can’t be completely eliminated by these systems. This means that the water left behind is not as clean as many residential buyers are lead to believe.

Because of this side effect of GE reverse osmosis filters, it is generally not advisable to use these filters for residential drinking water. The water can leave a nutritional gap in the diet of anyone who gets many of their necessary minerals through their water. This can then lead to mineral deficiencies. Mineral dietary supplements are sometimes taken to replace these lost minerals, but they have been found to be less effective than getting those substances naturally in the diet.

Water is the most essential substance to human life. It is something that humans can’t go without for more than a few days- sometimes less. The healthiest hydration regimen has been found to be drinking water regularly throughout the day to keep the body hydrated and all of its processes running smoothly.

Because the body needs so much water every day, drinking the healthiest water possible is the ideal way to stay in good health. GE reverse osmosis water can make it harder to stay in good health because of the removal of the water’s vital minerals. Good health can be better supported by a drinking supply that contains all of the natural minerals of water. GE reverse osmosis filters are not, however, the filters to supply that mineral-rich hydration.

May Happiness Itself would be better than millions

Daegan Smith asked:




People would usually ask themselves “I’m still not making enough money from this job and I have to look or aim for a higher position in my company or with another company that can give me a higher salary”. This thought that the higher the salaries are, the closer it is to becoming millionaires. But sometimes, earning a higher salary doesn’t always result in making us millionaires. So what does it take to make a person earn his first million? Does it really lie on how much our paychecks say? Does it really lie on the number of credentials we have in our resume?

If we’ll observe famous millionaires, you would notice that it’s not always based on paychecks, careers, or even the higher studies that they took that put them at the millionaires’ club.

While having these personal credentials as a given can provide you an advantage or an edge in the millionaire game, there will always be the bottleneck that will separate a person of wealth from a person still finding his way to wealth. At the end of day, a person will learn to find out that it’s not in the genes, the school where he attended college or even the company he has worked with for the past 10 years. So what’s the secret after all?

The secret to making millions lies not in what credentials the person has right now but on how he uses his credentials in inflating his bank account. How to get there will depend on his spending habits, savings, and investing strategies.

On spending habits, people usually think that the higher they earn, the higher their standard of living should be. As one may pass by a famous luxury brand watch store, one may have this thought “I just got promoted last week and I think I should reward myself with this watch that was previously beyond my wallet’s reach”. It maybe best to think twice first before buying that watch. One may find that he actually has 3 watches right now with the latest one bought just 6 months ago so what’s the sudden rush of buying that watch in that store that’s worth twice the current retail value of all his 3 watches combined? Maybe it can wait for 1 more year. In spending habits, holding on to the wallet and checking if it’s really necessary to buy another one is something that should be part of the checklist of things to think about before buying. Long-term millionaires know when is the right time to pull a dollar out of their wallet.

On savings habit, one may ask “Are my savings working as hard as I am?”. It maybe best to think twice if you’ve kept your savings in the right places at the right time. Knowing which savings vehicle can give the best rate of return at the least risk is a key item. Long-term millionaires usually know how it is to save and how much of their personal income they should save. This should go along well with the spending habits. Technically, as a person increases their capacity to generate more income by getting promoted or landing at a better job with a higher pay, spending habits should at least be regulated and savings to be placed for investments should benefit the most.

On investing strategies, now that one has saved up enough money from all the years that he’s worked so hard for, its now time for him to put them in investment vehicles that will both protect his hard earned money and at the same time provide the highest rate of return possible. In choosing which investments he could place his savings, the keyword to keep in mind is diversification. Diversification is having a variety of investment instruments with different yields with a healthy percentage mix that will accommodate his hard earned savings. The places where to invest should have different rates of return and diverting how much of the savings will go in that investment should be studied carefully by considering both risk and rate of return of that investment. The higher the rate of possible return usually packages itself with a higher risk. Long-term millionaires usually know how much of their funds they should put in real estate, publicly listed stocks or mutual funds and other assets that are available in the market today that can accommodate their funds.

There are a lot of factors to consider in building wealth. Just like the today’s millionaires, there are different challenges they faced to get to where they are right now. No wealth building strategy is perfect. There may be incorrect decisions but with careful planning, there will also be successful ones. The secret lies on finding a good healthy mix of spending habits, savings and investment strategies. People who’ve been there know that the x-factor in getting there doesn’t lie on how much money they had before they started building their wealth. They know it didn’t depend solely on their college degrees also. These 3 significant factors along with whatever credentials a person has gained from his accumulated experiences in his career will surely help however in finding him his way to wealth building success.

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Daniel Woods asked:




Talking about water purification, GE reverse osmosis water filters are one thing that instantly comes to our mind. They are indeed very effective in removing the impurities that are there in the water. Ever wondered about the other side of it? Let’s find out.

GE reverse osmosis water filter is based on the combination of a RO and carbon filter. The water is filtered by forcing it to pass through an ultra porous membrane. The water molecules being smaller than the size of the pores, they pass through, leaving behind the larger organic contaminants. Since chemical contaminants are also smaller in size, they are not filtered from the water. To take care of this, the water is then made to pass through carbon chambers where the final filtration occurs and chemical contaminants are also separated out.

Since reverse osmosis simply filters based on the size of the molecules, the essential minerals present naturally in the water are also unintentionally separated out. Thus leaving the water and just plain water alone. No where on the earth will you find water in this form. These minerals are found naturally in the water and are a rich source of calcium and magnesium. Prolonged consumption of distilled or de-mineralized water coming out from a GE reverse osmosis water filter may result into mineral deficiencies.

The way RO water filters work, they discharge gallons of unusable water. Lot of water is actually wasted to get a smaller quantity of filtered one. Apart from this wastage, a lot of electricity is consumed too. Thus these filters become expensive from a maintenance point of view.

Moreover, they need special installation, in the sense, that they need an outlet to dispose all the unused water wasted during the process of filtration. Hence they are not easy and customizable to install.

Not to forget that they are very big in size and are expensive too.

Now the question is – why should one go for GE reverse osmosis water filters then? Is there any alternative available? To put you to relief, yes, there is an alternative available. Multistage water purifiers are not only equally effective but they also take care of all the disadvantages of a RO filter mentioned before.

These water purifiers use a combination of carbon filtration, ion exchange and sub micron filtration to produce healthy, clean and pure water. They have the ability to efficiently filter out all organic and chemical contaminants. Additionally they do not separate out the natural minerals present in the water. The water produced from these filters is free from all impurities and rich in essential minerals – exactly the way it is available in nature.

They are available in a variety of installation options like over the counter, under the counter etc and are very easy to use. With reasonably priced replacement cartridges, they are economical to maintain also. To add further, they are available at a much lesser price than RO water systems.

So, the decision is yours – to go for GE reverse osmosis water system or to look out for an equally effective, yet better water purifier system. Some food for thought indeed.

Some pop singers make millions

Jim Anderson asked:




I found Slumdog Millionaire to be a curious movie.? It comes from the emerging “Bollywood” in India, and it exposes the contradictions of the worldview that is prevalent in the area, that has perpetuated the caste system.? This movie is all about the human struggle in the lower end of the caste system.? When Americans see this film, they are appalled by the oppression, yet the caste system is an integral part of the society in that part of the world where Hinduism prevails.? In our society we are beginning to embrace postmodern values that consider all religions equally valid, yet we contradict ourselves when we are offended by the oppression we see in this caste system.

What would it be like if we had a lower class like the “untouchables” in India here in the U.S.; a class of people that only deserved the most menial jobs?? What would it be like to only be allowed to clean toilets for a living?? Then your children follow you in your line of work.? If they try to look for a better job, like becoming a teacher or a nurse, they are first asked what their caste is.? It would be intolerable in our country.? We simply wouldn’t allow it.? Yet somehow there are many that are validating Hinduism in the name of “tolerance.”? But, how can these two conflicting values co-exist without compromising our own values?? This is an important question.

There are an increasing number of “Dalits” converting to Christianity despite the “anti-discrimination” laws that the Indian government has passed to compensate for their discrimination.? When they convert to Christianity, they lose their “benefits” under these laws, and it puts them into a state of grinding poverty.? So those 25 million plus secret Christians pretend to be Hindu in public to avoid persecution.? India is thought of as a democracy, but is without one of the basic tenants of a democracy, freedom of religion.?

That is what the character Jamal, in this movie Slumdog Millionaire, is up against.? Going on a TV show to win a million dollars to win the heart of a woman who is above his caste is considered a crime.? Though, it seems he is Mulsim, I’m not sure.? This should remind us that we do pretty well here in America.? We have built a country based in a Judeo-Christian worldview, and though there are still those who live in relative poverty, it is hard to find anyone living lives like the “untouchables” in India.? Instead of our poor being resentful of the rich and demanding reparations from our government, they would do better to think about what they do have and what is really important in life.? They need to recognize there are opportunities available to them that they can’t see without help.? Our wealthy could be more generous in helping give the poor more assistance in helping them see how to lift themselves out of poverty.? We don’t rely on our government to do this for us.? That is consistent with the worldview we have in the U.S.?

So while the economic growth in India is impressive, and is giving rise to a new version of Hollywood, the worldview of the society is headed for a crisis of contradiction.? As more light is shed on India’s society, more questions will arise about the worldview of Hinduism and reinforce the American values while people flee to the U.S. for a better life.? Hopefully, we will preserve those values and not let the emerging “postmodern” ideas attempt to destroy what we have built and integrate worldviews that allow for destructive ideas like India’s caste system.? At the same time, maybe we can learn from what we see here, and remember the foundations of our values as a country that we hold as self evident and true, that when we put our trust in God and not in money or political power we build a healthier and stronger society.

Some pop singers make millions

Martin Thomas asked:




In the immortal words of Emmerson, “all I need is one idea” Overnight wealth has a certain stigma that “sensible” people seem to be resistant to. The idea of the get rich quick variety is an object of ridicule and derision in alot of peoples eyes. However, with a little focused action and the right knowledge, rapid wealth is not only possible for you, but inevitable for the determined.

The first thing I want to do is qualify the above by saying “quick” means several years not overnight. Sure, you could write a hit song or contemporary book but these have alot to do with chance. People with determination generally don’t like chance because control is a solid aspect of wealth generation.

Anyone can have an idea. By that I mean virtually any idea can become workable unless its just totally “out there” What matters is that you act. But more then that, before you act, you must know how to make it work. Thats really what most people with a good idea lack.

So knowledge again is where the central workability comes from. So let me give you some knowledge right now. The knowledge of the wealthy. There are many ways to get rich very rapidly but I offer you an example below and some insights about what the wealthy know and have known for centuries.

Arbitrage is a concept that you should learn more about. Its a word that circulates in financial circles and is therefore obscured to the average person as just some odd french word that the stock market people use.

The truth is that arbitrage is the single biggest idea about wealth that you should understand. Doing an arbitrage deal is literally this……..If I offered you 70 cents for your crisp clean dollar note would you take the deal? What if you had $100,000 and I had $75,000 and I said look, let me deposit this money into your account in exchange for your money? Straight swap. How would you feel about that?

Well I imagine you’d say no. I wouldn’t blame you, its hardly a fair deal. Arbitraguers do this all day long. But this is the difference.

We deal in value and perceptions not numerical currency like cash. Or we deal wholesale and sell retail. There are hundreds of ways that I can swap my 70 cents for somebody elses dollar.

The wealthy have practiced arbitrage for as long as currency existed because arbitrage is the secret road to wealth. A secret that will never be openly talked about because it is so tightly held. My little contribution here will do nothing to change that balance, but consider yourself fortunate to learn about this and maybe it will spurr you on to a new life.

Here is a real world example of arbitrage that I practiced many years ago, when I was starting out broke, dejected, but hopeful.

It wasnt long ago but seems like centuries ago. Its pre-history now. One form of arbitrage is the concept of economies of scale. This arbitrage strategy relies on a single fact. An irrefutable reality about fiscal life on the planet earth. Here it is. When you buy something (of anything) in bulk, you are entitled to and more often then not get a very large discount on your purchase. When this bulk amount is “split up” and re-sold in traditional more popular chunks, your investment will return a decent profit.

So here is a get rich quick idea. One you can use right now to establish an income stream to replace your daily job. It can be reproduced and systemized to manufacture a very healthy income indeed.

When you look at newspaper and local journal price lists, you will notice they are very yielding to this concept of economies of scale. Simply a small ad may cost $140 for example. But buy a full page and you only pay say $900. Why? because its less work for the publication. Well my idea was to start a weekly page called “Martins Market” I approached 200 business owners face to face and told them they can get a small ad in my one page spread “Martins Market” for just $90 a full $50 cheaper then if they bought their ad from the paper directly. Do you think this offer interested a good percentage of the business owners I approached? You bet! Not only that, but they got a further discount if they paid up 6 months in advance.

I could fit 40 ads of that size onto my page. Being filled up, I made $3600 every week for an outlay of $900 for the page. I added value with nice graphics and the page got quite well recieved as my clients reported good returns from their ads. This was reproduced 20 times around the country, with 2 sales staff for every “Martins Market” I was netting close to $20,000 per week for a fairly lengthy period.

You will need a few dollars to try this, but its inevitable that if you do your research properly you can make this work and get exactly the same results.

My very best to you

Martin Thomas CEO opportunity investor.com

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