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29 December 2013

What The Rich And Wealthy Have Known For Years - Other Peoples Money

By Frank Miller


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.

Some people boast as to how much money they made from some venture, this makes others feel bad, that they did not get the piece of the pie. Wealth is energy, people will either vibrate with it or not. You can build your own empire, provided that you have the end in mind. You want a million dollar lifestyle then you must build it. How? There is only one way and that is to keep the main thing (your business) the main thing (not be distracted by other things or claims). The success of many businesses is created through longevity. That is an undeniable fact. Any company to be on the top rung of the ladder has brought itself there through persistence and planning. Success is not luck.

The key ingredient that separates winners from losers is discipline and playing the odds at the right time, if you adopt the mindset to succeed, have confidence and are prepared to take calculated risks you can win in what is probably the most lucrative of all ways to build wealth fast. To build wealth you need to balance the risk reward and aim for the highest reward, with low downside risk.

OPM buys you time; it enables you do things before you would otherwise be able to do them. It allows you participate in deals your own resources don't allow you to do. It enables you make choices you couldn't otherwise make. It takes the average person many, many years to accumulate wealth or build a business entirely from their own resources. By utilising the power of Other People's Money you can fast-track your personal wealth building or the growth of a business. Importantly, your personal wealth building is no longer limited to what you have been able to save and invest from your earned income.

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.




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