The internet offers two things a possibility of wealth and a possibility of victimization. In our quest to obtain the freedom we want to enjoy. The freedom to live our lives as old blues eyes use to say "My Way" is a road filled with obstacles and detours. It is an undeniable fact that more people lose money in striving to reach instant wealth. This does not pertain to only the internet it pertains to all the ways people build their business. The more common way at this point is through the internet. This of course is due to the low cost in joining an MLM or a Network Marketing group. As a Life Coach let me give you this piece of advice "caveat emptor" which means "let the buyer beware." The 40 thieves may very well be a children's story, but there are real thieves out there, who claim to have your best interest in mind, while they take all they can from you. In the process of wealth building the fundamentals of business is never set aside because of what someone says what you can do, when the truth is that it may take 2-3 years or more to establish yourself anywhere. This would be inclusive of brick and motor business models to Multi-Level business models. You are probably aware that many of these Network Marketing Models are scams. They will claim the easy fortunes that you can make if you follow their system.
There is a cult of self-sacrifice evident in our culture that warrants you to be extra busy, working super hard, and putting in crazy hours. When it comes to personal building wealth and attaining success, you're the golden goose. However, you can only push the golden goose so hard before he/she stops laying those golden eggs. Without exception every golden goose will eventually run out of energy, capacity or enthusiasm. Therefore, learning how to utilise Other Peoples Time, Money and Skills (i.e. leveraging) is a pre-requisite to becoming rich, building wealth and achieving success.
In general terms, getting access to Other People's Money (OPM) is a form of leverage that enables you to go beyond the limits of your own resources and instead apply resourcefulness to everything you do. In business terms, leverage is the key that differentiates self-employed person who owns a job from the business owner who own a business. In financial/investment terms it means getting access to cash that's not yours in order to buy assets that you control and that produce income.
The richest and especially the wealthiest people in the world have known about leveraging Other People's Money for years. Everyone from Jean Paul Getty, Aristotle Onassis and Donald Trump have excelled at this wealth building principle numero uno. Their use of OPM to buys assets is legendary. Onassis in particular is known for having secured contracts to transport ore and oil in ships and tankers he didn't yet own and then going to the banks securing the loans to buy the ships and tankers using the contracts. A brazen and gifted deal-maker if there ever was one! People go about building wealth or acquiring assets in different ways based on their background, past experiences and what they have been taught or know about money. For the most part people think of great riches and wealth as largely unattainable because of the model or mindset they have about money. What most people fail to understand is that you actually don't need money to make money. Sure it helps but what you really need is access to Other People's Money in order to make money.
Land in the right location tends to appreciate at a strong upward rate, with very low downside risk and tends to have far better risk reward for example than mutual funds. Its not just the upside potential it's the fact that it tends to lack downside risk. When you invest you want to compound your money and make your money do the work of making more money and this means not aiming for the biggest growth but the best growth you can with low downside risk.
This process takes time, I know we all have seen "The Secret" and they did make a point that it doesn't happen overnight. They couldn't tell you how long it will take, but what was the prevalent theme? Keep in good spirits and keep working on what it is that you want. I believe this is the greatest and wisest piece of advice to give anyone who truly wants more in life. Let us get real. You want to accomplish something great, start moving into that direction and it will happen, if you apply the fundamental's of business and manage your money correctly. A wealth building plan is not difficult to set up, I can teach in a day! Not all the details but general overview.
There is a cult of self-sacrifice evident in our culture that warrants you to be extra busy, working super hard, and putting in crazy hours. When it comes to personal building wealth and attaining success, you're the golden goose. However, you can only push the golden goose so hard before he/she stops laying those golden eggs. Without exception every golden goose will eventually run out of energy, capacity or enthusiasm. Therefore, learning how to utilise Other Peoples Time, Money and Skills (i.e. leveraging) is a pre-requisite to becoming rich, building wealth and achieving success.
In general terms, getting access to Other People's Money (OPM) is a form of leverage that enables you to go beyond the limits of your own resources and instead apply resourcefulness to everything you do. In business terms, leverage is the key that differentiates self-employed person who owns a job from the business owner who own a business. In financial/investment terms it means getting access to cash that's not yours in order to buy assets that you control and that produce income.
The richest and especially the wealthiest people in the world have known about leveraging Other People's Money for years. Everyone from Jean Paul Getty, Aristotle Onassis and Donald Trump have excelled at this wealth building principle numero uno. Their use of OPM to buys assets is legendary. Onassis in particular is known for having secured contracts to transport ore and oil in ships and tankers he didn't yet own and then going to the banks securing the loans to buy the ships and tankers using the contracts. A brazen and gifted deal-maker if there ever was one! People go about building wealth or acquiring assets in different ways based on their background, past experiences and what they have been taught or know about money. For the most part people think of great riches and wealth as largely unattainable because of the model or mindset they have about money. What most people fail to understand is that you actually don't need money to make money. Sure it helps but what you really need is access to Other People's Money in order to make money.
Land in the right location tends to appreciate at a strong upward rate, with very low downside risk and tends to have far better risk reward for example than mutual funds. Its not just the upside potential it's the fact that it tends to lack downside risk. When you invest you want to compound your money and make your money do the work of making more money and this means not aiming for the biggest growth but the best growth you can with low downside risk.
This process takes time, I know we all have seen "The Secret" and they did make a point that it doesn't happen overnight. They couldn't tell you how long it will take, but what was the prevalent theme? Keep in good spirits and keep working on what it is that you want. I believe this is the greatest and wisest piece of advice to give anyone who truly wants more in life. Let us get real. You want to accomplish something great, start moving into that direction and it will happen, if you apply the fundamental's of business and manage your money correctly. A wealth building plan is not difficult to set up, I can teach in a day! Not all the details but general overview.
About the Author:
Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: Homestay Hosting Responsibilites You have full permission to reprint this article provided this box is kept unchanged.
No comments:
Post a Comment