Thursday, August 27, 2009

Three Simple Steps to Becoming Wealthy in No Time

1. Believe In Yourself

Most people just accept as fact that they will never be wealthy or rich. This belief alone keeps most people from ever achieving their dreams. It makes sense, right? If you don’t believe you can make loads and loads of money, you will not even bother to try. If you have tried to become wealthy in the past, only to find that it didn’t happen, then this is likely your problem. You “tried” but didn’t really believe you could do it. You may believe that other people can do it, but just not you. This is the lie that you must stop believing right now.

2. Work For Yourself

Yes, this means start your own business. Why? Because you decide what you’re worth, and you pay yourself accordingly. You also own any and all residual income streams, so you have the option of getting paid whether you personally work or not. Remember, the wealthy do not work for money, and they do not trade hours for dollars.

3. Learn to Sell

The word “sales” immediately turns off 99% of people with a pulse. But the truth is you already have learned to get pretty good at selling. If you have a job, you had to sell yourself as a worthy employee. If you are married, you had to sell yourself as a worthwhile spouse. I know, a lot of you are thinking, “Well that’s different!” Not really. You had no problem selling yourself because you knew down in your gut that you had something of value to offer. No fakery, no pretending. Good selling is about conveying value to someone else and helping them see how your product or service can help ease their pain, increase their pleasure, or eliminate their fears. This is why I offer one warning about sales: Only sell something you wholeheartedly believe in.


I told you it was simple! But I want to retouch on one thing, and that is the idea of residual income. Anyone can earn a high income by putting in hard work and long hours. But unless you have plenty of time to enjoy your income, you are not truly wealthy.

True wealth comes when you have high income that you do not have to work very long or hard for. This is what residual income is, and it is the foundation of lasting wealth. You will only find residual income in two places: Investments and Businesses you own.

You are familiar with residual income from dividend-paying stocks. The problem is that the residual income from stocks is very low. You might have to buy $100,000.00 worth of stocks just to earn a residual income of $1,000 a month. That’s pretty pitiful.

With your own business, on the other hand, you can earn many times that amount with a very small investment, provided you know how to sell.



source

No comments:

Post a Comment