Cool’s Site: www.xploremagic.com http MIT’s students (the most feared card counters in the world) breaks las vegas using card counting. In the mid-1990s, a team of American science students took on the might of the Las Vegas casinos, and came home with millions of dollars. Hardworking engineering students during the week, they became high-rolling gamblers by the weekend and proved that, in one game at least, the house doesn’t always win. The game was blackjack, and the students were from the world-renowned Massachusetts Institute of Technology (MIT). Their audacious winnings marked the climax of an arms race between casino and player that began 40 years earlier with maths professor Edward Thorp. He realised that the one feature of blackjack that made it different from other casino games also made it possible to beat…
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Let’s look at how to make a million dollars in 3 steps. This viewpoint could be beneficial to some people who like to see things from a birds eye view. Making your first million is a worthy goal, it would set you up for the rest of your life and providing it was invested prudently it would look after your decedents for the future too. It would mean a lifetime free from the toil and drudgery of a paid job and it would afford you life style that is above average, so lets look at how this could be achieved.
Step 1) The most powerful step of all is to create a master plan. A plan is the vision phase of any undertaking and in my own experience it is a strange thing. I could sit down and point by point reveal my own vision to make a million dollars but when you read it you would only see words on paper. This is something nobody ever tells you about the truth about goal setting.
Setting goals or creating a master plan is an awakening. It is an almost spiritual insight. It is highly personal and highly objective. It can come to you in a flash of inspiration and never leave you, that feeling, that inner small confidence. Or it can dawn on you slowly as you just get to work and the stimulation of immersing yourself in your goal finally gives you that gift, that vision. Without it you cannot achieve your goal and you will know, you will definitely know when you have it in your possession. The best way to bring on vision is to just start working based on your best gut instinct or guess, from there, the path will show itself.
Step 2) Work with honest intent. Unless you are playing Lotto, you cannot expect to make your first million quickly without honest intent and work. Apply yourself and give as much as you can, gaining momentum each and every day. Just follow your vision.
Step 3) Never give up. A vision as I have experienced it is a gift. I don’t know where it comes from but you certainly know when you have it. It is so subtle yet powerful because it answers the key to your hearts desire. It allows you to see what others cannot. Do not take it for granted because if you give up or get complacent before you achieve your goal it may never be available to you again, there is a certain Universal clock that all things shall pass by.
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- Pay yourself first. This is the biggest and most important step you can take to becoming a millionaire. Before you pay any bills or buy groceries, pay yourself. Put it in an ira or mutual fund and watch your money grow. It is recommended that if you want to become rich to save 10%, if you want to become rich faster save 15%, if you want to become rich super fast save 20-25%.With some mutual funds your money can double every 6-10 years which can mean a lot after compounding interest, no you won’t get rich today, or tomorrow but in 20 years you’ll be looking a lot better off.
- With the current economic front it is now more important than ever to get your house in order, get out of debt, and you absolutely have to have an emergency fund. Before you invest 20% into your mutual funds its advised to have a savings fund that could pay all the major bills for at least 6-12 months. This isn’t an easy thing to do of course but when you get laid off from your job of 20 years, you will wish you’d had the foresight to build an emergency fund.
- Find the little things that you buy that you could cut out. For instance many of us living in a fast paced life, eat a lot of fastfood and other junk food. Some people smoke, and could save a bunch if they quit, others drive a lot and could save by carpooling. The simple fact is the more you save, the more you can invest in yourself.
- Become a homeowner. Right now is a wonderful time to buy, owning a home is a great way to build wealth and equity. My tip is to buy a house that you can fix up and resell for more than you paid for it. Buy one that you can pay off in 5-10 years easily. You don’t need a grand house from the get go that’s going to cost an arm and a leg and take 30+ years to pay it off. Once you own your home you can then sell it and upgrade, and keep doing that till you own the house you’ve always dreamed of.
- Pay your tithes. If you’re religious of course, which I am – I always pay my tithes and I always seem to have more than enough to meet my bills, and if I don’t my church will pay them for me… If you’re not religious then it’s advised that you give 10% of your income to worthy causes trust me karma is a true principle and everything you give will come back to you more times over.
- Learn to cook. Eating out is extremely expensive, and the alternative can save you thousands per year.
- Ride a bike or take public transit. Not only will you be helping the environment, but you’ll be saving on gas, especially now that it’s around $4/gallon. You might also look into jobs that only require a 4 day work week, as that is becoming the norm, or even better would be to telecommute and work from home, if possible – I believe telecommuting will become the standard of the future, as energy prices soar and companies experience troubles recruiting.
- Don’t worry about brands, brands don’t mean crap. Buy the non-name brand items and you’ll save a bundle over time. Everything adds up.
- If you have the means invest in solar panels for your home. It is costly at first but over a 20 year period you will save a ton more than you paid for them, and may even be able to make money back off any unused energy.
- Teach your children the value of saving money. Today’s generation is all about borrowing, and if something doesn’t change our children’s future will be even more bleaker than ours. The way to stop this is to start from an early age and teach them how to manage money and finances.
- Freelance. It seems now a days everyone is moonlighting and freelancing is one of the top ways to do this. If you can pick up some extra money on the side why not do it? My suggestion is to immediately put all your freelance earnings into your mutual funds and investments to speed up the time it will take you to become rich.
- Lastly but not least – study the best resources on making and saving money. There’s the Automatic Millionaire, and many more great books, audio and video on this subject, just do a search.
I hope perhaps this little info might help you as it has helped me.
Let’s Get Started
To earn 1 million dollars in 90 days you must first understand what a million dollars is. Lets make this simple. A million dollars in 90 days is $77,760.49 weekly or $11,111 daily or $462.86 an hour. Now the only question that remains is how do you get there?
Marketing your product is key. Rumor has it that if you can generate the above incomes one time then you can do it again and again forever. Your product or service is determined by the strength of your marketing. So to make at least $462.86 an hour here is what you need to do.
1. Keep your store open 24 hours. 2. Maintain enough inventory to meet the demand. 3. Create the need. 4. This is the big one. Solve a problem so that people will buy from you. 5. Identify a pain or loss that would exist should the client not buy from you. 6. Show them how to buy from you. Make the purchasing experience easy.
Most sales are made out of need. We need gas for our cars so we fill up. Gas stations are located where people are most likely to need it. Have you ever seen the sign “last gas station for 30 miles?” Realistically that’s only 1 gallon or two in travel distance. But even with a half tank many people will still fill up out of fear of the worse.
It Is Already Being Done
Wal-Mart, Bestbuy, Sams Club and many work from home entrepreneurs just to name a few have already positioned their systems to earn money by the hour and the minute. Their resources allows them to dictate their income by forecasting an income based on what they have access to.
You Can Do The Same – Here’s How
If a million dollars in 90 days is not your goal, then stop reading. To play the game like a major company, first realize that the internet levels the playing field. On the net you are as big as Wal-Mart. To be profitable you need targeted traffic to your website. Either buy it or create it. Believe it or not one good article could make you rich one well derived blog could make you rich. So never stop doing what you are doing now. Remember, more of the right activity will reap you huge rewards
I make money by writing articles and blogging and the services that I sell are built for this type of marketing earning me a substantial income. Its like getting paid continuously from every job I have ever had. Think about it, where would you be in life today if you were still being paid your original salary from 10, 20, 30 or more jobs ago. You could be making $4,000 plus each week. Unfortunately in the real world that is not realistic. Yet in the streaming world of the internet those dreams can come true. Imagine getting paid over and over and over again from something you did one time.
Get Ready To Do It Again
The internet is exactly what your business needs. With it you have a presence, you have a store front open for business 24 hours daily. Create the need for your product or service by solving problems for other people or their businesses. After showing the benefits then show the fear of loss or pain that would be experienced by not buying from you. No one likes pain so by not buying from you today your client may lose this opportunity forever. Or the pain could be higher prices later.
Finally to seal the deal after your client decides to avoid the pain of loss show your client how easy it is to buy from you. The easier you make the buying experience the better chance you will have of getting referrals or repeat business.
So go ahead plan for your future and after 90 days of letting the internet work for you, do it again.
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Some pop singers make millions
In the past few articles on this topic I have mentioned five things that contribute towards achieving ones goal, in this instance making that first Million Dollars. Of course this goal can be something else such as losing weight, winning a championship, recovering from a serious injury and many more. It depends on what you are looking for. The first five steps discussed passion, hard work, perseverance, the ability to cope with failure and to believe in oneself.
The next important step would be to define our goals exactly, peg a delivery date and keep that goal in mind at all times. We tend to, and I include myself in this, drift through life. When we are in high powered executive positions at companies, we map out the strategy for the company. We plan the path the company is going to be taking over the next year, and even up to five years. What do we do for our lives? Do we ever plan past the basic things such as find a home, get married, have a child and maybe think about the school the kid is going to need to go to.
We just drift through life. And mostly our goals tend to have the same kind of vague identity around them. We do not attach the same meticulous planning to our life’s goals as we do to business for instance. Somehow, it’s almost as if our achievements are not as important. Sure, we plan our next holiday. But even those plans are often at the mercy of what lastminute.com or expedia is able to offer. How many of us actually plan and plot our career? Do we look at our career path and determine what is required to move forward, or do we react when we are offered a better position or somebody headhunts us from a competing company. Do we plan our first property ownership or do we just go with the flow and when the situation arises we kind of drift into property ownership.
Regrettably, that is exactly what we tend to do. We muddle along and our planning does not go further than holidays or the next week-end’s activities with our friends. Identify your goals. Seriously. This is really important. Sitting there and thinking that you would like to have a Million Dollars in your account is going to get you nowhere. Well it will probably get you to buy a ticket at the Lotto outlet. That requires no planning. You just drift into the shop and colour in a few numbers, or you can even get a lucky dip ticket. That means you don’t even need to think about numbers. You let the machine determine your fate. Wow.
Even if you don’t believe in getting that Million Dollars or whatever other secret dream you have. Just actually putting together a strategy for you life, could possibly boost your achievements, create satisfaction when you achieve those goals. It would improve you life just through that. However, if you do wish to have that Million Dollars in your bank account, you seriously need to plan, and determine the steps you are going to take to achieve that balance in your bank account.
There is no invisible magic that is going to just put a Million Dollars into your account. You know this. But you still try and find an easy way to get it. Which is why you and I read all sorts of stuff on the internet which confirms to us we can just sit back and it will happen. Well hello. Not really. These are just con-artists who give you a free e-book and hope you will be sucker enough to buy the upgrade. It’s not going to work You will be $10 poorer, but you will not have a Million Dollars in your account. And no it’s not going to just manifest in your account. You will need passion, hard work, perseverance etc to make that Million Dollars. You know it. You just don’t want to admit it because it requires stepping out of your comfort zone and working at all the elements that I have mentioned so far. So what is it going to be? A constant moan about how bad life is, or a huge effort into planning your goals and going for them? I’m going to try the second one. Want to join me?
Create a video blog
Is it really possible to become an affiliate millionaire? For some, there are conflicting messages regarding whether or not it is possible since 95% of the people that invest time and energy in affiliate marketing fail at their venture. Then, there are a number of successful entrepreneurs that are able to effectively succeed with affiliate marketing and walk away with huge profits.
This then raises questions what separates the winners from the losers in the world of affiliate marketing and how can one develop the potential to become an affiliate millionaire. The first step is to avoid listening to the naysayers and, instead, look towards the reliable methods that can deliver the potential to walk away from the table with a profit and, potentially, be well on your way to becoming a millionaire.
Anyone that has dreams of being successful in the world of internet marketing first needs to head into the venture with an attitude of being confident in his or her abilities. Those that lack the belief that success is possible will never walk away a success. You need to be rooted in the belief you can make a success of yourself right from the very beginning. This will be the prime key to a successful career in this type of marketing.
A little realism will also be required. While it is nice to have pie in the sky dreams of grandeur, they will also need to be tempered with a realistic expectation regarding the outcome. You cannot assume you will become an affiliate millionaire overnight. You will need to take the proper beginning steps of creating a successful business. From this, you will then slowly build on your success until you reach the next level.
Becoming a wildly successful internet marketer is not rooted in finding an elusive get rich quick scheme. Rather, it will be based on hard work and affiliating with the proper network that will yield success.
And here is some news that some may not wish to hear: some businesses will have their ups and downs at inconvenient times. The world of affiliate marketing is not excluded from this process. While it is certainly easy to be enthused during the profitable times, it can be really tough to maintain motivation when business is not doing so well. This is where so many people will give up and quit. Those that seriously want to become an affiliate millionaire will not quit when such a situation arises. Instead, they will rise to the occasion and make a success out of their efforts. This is what separates the winners from those that fail.
Following the path of a successful method is certainly advisable. This returns us to our initial sentiment of there being people that win or lose. Those that have made it big in affiliate marketing certainly are the people to model yourself after since their methods are proven to deliver successful results.
Is it easy to become an affiliate millionaire? No, it most definitely is not but it can be done with the right attitude and effort.
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How to make a Million dollars fast
What if I was to tell you that money was just a figment of your concentration? Ever considered making a concentrated effort that could change your life for good? Ever wondered if you applied yourself to making your first million whether it would be a waste of time or a life changing experience? Either of these posibilities may occur. The question really is, would you try? Have you ever spoken to somebody who has made a million dollars? Do you ever wonder how they would answer your questions?
For example, you may be surprised to discover that making that first million is easy. I would wager that nearly every such person you spoke to would answer, if they were to be completely honest, that the money really was quite simple to get. They would probably go on to tell you that what really stopped them was their environment. Listening to family, the wife/husband, the social compass’s in your life. That working long hours in a good job was the only and honest way to earn money and anything else was simply wrong. These millionaires would probably even admit that the real reason they succeeded was because everybody else was still under that same restraint and so they probably did so well simply due to a lack of competition.
A wealth building program that works
To make a million dollars fast you have to have a system. You see, it doesn’t matter how much you have made or how much money you had to start with, what matters is how you are going to get there. If that system is robust, you will never fear poverty again.
Jack Reynolds was a good salesman. He was honest and hard working and I was his sales manager. I left that workplace several years earlier and caught up with Jack one day to see how he was going. You see, I found a system for myself that made sense. This system served as a structure to apply to my daily actyivities. When I saw that was working, I just simply re-produced my initial results to continue the momentum.
I did make my first million fairly quickly, infact when I saw that it was feasible, I was like a man on a mission. There was nothing that was going to stop me and nothing did. Jack on the other hand was still at the same old Insurance company we had spent many years at. His eyes were like diamonds when I showed up at our meeting at a local restaurant one day on his lunch hour. I pulled up right infront at the pavillion and beeped at my Merc with my hand coded key. It beeped back obediently.
I strolled over and recognised Jack immediatley. We shook hands and started to talk. It didn’t take long before the questions started. I will never forget the first question he asked me. You see we were close friends, apart from being his boss, I always felt the fellow had a good head on his shoulders and a bright outlook on things. We had spent social time together with our wives, but today was different. He had not heard of or seen me for over 12 months and his first words were “Martin! what happened to the ford?” (A broken down clunker I used to call transportation)
I didn’t hold back. I told my old friend everything. Every question he had, I answered with complete and forthright frankness. The more questions I answered, the more the questions came. His lunch hour turned into an afternoon off. The napkins on hour table were transformed into financial footnotes of formulas and milestone achieved.
I guess it boiled down to real estate. No-where else can one get such enourmous leverage. Jack told me he had no spare money to get into real estate because of the high entry costs, but then, when I began, I had no money at all either. Its the system that matters and not the individuals current seed capital account I told him.
Building wealth one house at a time
Real estate was the investment vehicle I chose to build my fortune with. It certainly was a personal choice and not what this system relies on. It is however the most recommended way to go. Jack took what I told him and eventually got into real estate, however, he enjoyed utilizing precious stones and also sea going vessels like yachts and power cruisers.
I found the capital gains that you get in real estate were the most advantageous. The biggest advantage of real estate is that it is possible to make your first million without ever paying a single cent in tax. Of course its legal and the governement allows you to take capital gains on homes that you live in as your own. I found this approach was for me. I enjoyed working on these properties in my own pace and the things I wasn’t qualified to do I simply contracted out.
The biggest step I made was leaving a job. That was hard but when you begin to see things happening there is no real choice. You have to follow your gut. You need the time to work on your first million and thats what I did. I commited to it by planning it thoroughly and then I set sail, as they say.
I compounded my earnings one house at a time. No complicated taxation issues to worry about because there was no tax obligations. This system is the best I ever came across and obviously was something that made sense to me. I made my million fast and furious because I simply had the vision to keep going.
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There are many ways to learn how to make money online UK. Of course, you do need to watch out for the usual scams that promise overnight success, huge deposits into a PayPal account, as long detailed sales letters that tell you nothing other than how everyone else got rich. There are however, legitimate ways to make money online.
Anyone with a little ability and a computer can quickly take to the Internet, do a simple website, and offer a variety of services using little or no start-up capital If you have any kind of talent or unique knowledge you can turn these into cash.
Do you have some free time to babysit, for example? You could do a website offering your services, adding a page about your experience and even uploading pictures of children that you currently take care of or have cared for in the past. You could even add references from families you have worked with too. You can even go above and beyond regular babysitting services.
Do you Have a schedule that would allow you to take on last minute assignments? If so, there are many families out there who would love to get in touch with you! Perhaps a mother on her way to work suddenly realizes at the last minute that either her regular nanny can’t make it that day or her child is too sick to go to school, and will need someone to stay at home with him/her all day.
It is fairly easy to find ways to advertise your availability without spending a lot of money. You can do business cards and leave them with friends who can in turn give them to other friends. Put an ad in the local paper. Ask day care centers if you can put business cards on their reception desk – mothers can keep them for future reference!
This is just one example of how to use your skills in an online world, but there thousands of others. Sit down with a pen and paper and list all the things you are good at or even interested in. Do you have knowledge on a subject that someone else may be interested in? Then you have just made your first move to make money online.
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Would you like to know how to make 1 million dollars? There are at least 1 million ways to make 1 million dollars. But you will need to devise an action plan to make it a reality, and to implement that action plan will require some effort, possibly beyond your comfort zone. Let’s break it down into numbers, so as to put the numbers and the effort into perspective:
You can make 1 million dollars ($1,000,000.00) by selling a million copies of something electronically on the Internet for a net profit of $1 a piece. If the cost to produce, license, or reproduce that product is zero, such as an e-book or an affiliate commission, then all you have to do is focus on mass-marketing your product to a wide enough audience so that you can find a million people to sell your product or service to. If your conversion rate is 1%) that means that your website would need to receive one hundred million clicks (100,000,000), out of which if 1% of them were to result in sales, you would make 1 million dollars that way. But what if your click through ratio was itself 1%? That means that your website would need to receive ten billion page views, out of which 1% would have to result in clicks, which is 100 million clicks. Out of those 100 clicks, 1 million people will buy your product at $1 a piece.
Now that sounds all well and good on paper, but generating that type of traffic would be an immense effort. Even if you were to aim for ten billion pages views spread over ten years, that is still one billion page views per year, or 83 thousand page views per month, or over 2.7 million page views per day. Only the big guys, like Google or Yahoo could achieve, let alone sustain, that magnitude of traffic.
Perhaps you could then adjust the price of your product to $100 net profit per sale. With the same conversion ratios, it would look like this: To make 1 million dollars net profit at $100 per sale, you would have to make 10,000 sales. At a 1% conversion rate, that means that your site would need 1 million clicks, which would be 1% of 100 million page views. If you wanted to make your 1 million dollars over 10 years, then you could afford to have 10 million page views per year, or 833 thousand page views per month, which is about 27 thousand page views per day. That is a little bit more doable, but still requires a lot of heavily targeted traffic to get in front of that many viewers.
Those click-through rates and conversion rates of 1% each are extremely conservative. If you have a high-demand product that people are hungry for, and you are able to target your advertising effectively, perhaps you could get as high as a 20% click through rate and a 2% conversion rate. Let’s see how those numbers work, at a $100 per sale.
$100 per sale to make a $1 million dollars is 10,000 sales. At a 2% conversion rate, that means you would need to receive 500,000 clicks. At a 20% click through rate, you would only need 2.5 million page views. Spread out over 10 years, that is 250 thousand page views per year, or 20,833 page views per month, which comes out to about 694 (let’s say 700) views per day.
Phew! That sounds much easier! If you can find advertise a product such that you can get 20 out of every 100 people to view your advertisement to click through to view your product page, then 2 of those 2 people should end up buying it. If you can get 10,000 people to buy your product at this rate, you will surely make 1 million dollars.
Can this be done. Absolutely. People are doing it all the time on the Internet. Is it easy? No. It requires a great deal of patience, perseverance, trial-and-error, and fine-tuning of your Internet advertising campaigns to make this happen. Will you make 1 million dollars instantly? Not likely, unless you are starting with a substantial amount of seed money. Can you make 1 million dollars starting with zero money, if you are flat broke?
Absolutely yes! You can spend a couple of hours a day at your local library using their Internet computers for free, and start making serious money. Once you start making some serious profit, you can reinvest those profits to accelerate your efforts to reach your goal of making 1 million dollars.
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