Tuesday, November 30, 2010

How to Plan to Be Rich

The easiest way to get rich is to plan to be rich. There are a lot of people that 'hope' to be rich, and in hoping all they do to help themselves get rich is to buy a lottery ticket and hope their numbers come up. Getting rich can be planned, and you can easily create a plan for yourself to become rich. In this article I want to show you how you can plan to be rich.

Have you ever heard the quote "If you fail to plan then you plan to fail", this quote is often very true when it comes to finances. I have met a lot of people in my time that have told me they are going to be rich, but that didn't even have a hint of a plan in place to help them become rich. The majority of these people will fail to become wealthy, because they don't know how to become wealthy and they don't even have a plan to learn how.

Do you have a plan to be rich? If you don't then you are in the right place. If you already do then this article should hopefully shed some more light on the issue and help you refine and improve your plan.

1. Plan To Learn

This is the first plan you need to have in place if you want to plan to be rich. In all likelihood you simply don't know the things you need to know in order to become rich. Becoming rich is a learned skill, it is not something we are born with, or are given. It is something we must work hard to attain through learning.
In order to become rich you need to learn about finance and increase your financial IQ. You need to learn about different investment vehicles and how to make each one work (and find out which one works best for you). You often need to learn about people, business, tax laws, market behaviors and trends and much much more. In order to become rich you should be learning something new about finance and investing everyday.
Great investors seek to learn something new with every investment they purchase. If they are purchasing an investment property they seek to learn something new about how to invest in property better. If they are purchasing a business as an investment they seek to learn how to make more money from business and so on. Great investors and always learning and because they are always learning whenever they do an investment deal they learn how to get rich quicker with less money.

2. Plan To Raise Capital

In order to purchase investments you first need some capital to be able to buy them. If you want to become rich you need a plan on how you are going to raise capital. If you are purchasing a real estate investment you might be raising capital by going to your bank and borrowing 95% of the purchase price. But you also need a plan of how you are going to raise the 5% of your own money.
You might have a plan to work hard at your job and save money in order to raise capital, which can work. You might have a plan to start a business in your spare time to raise capital and then use that capital to invest in property. Then, once you have purchased some investment property, you might have a plan to use the investment to build your capital through rental income and capital appreciation. Whatever your method may be you need a plan to raise capital.

3. Plan To Increase Passive Income

If you are planning to be rich, and not just average, then you need to have a plan to increase your passive income. A lot of average investors focus on capital gains only. They buy investments that cost them money each month to own in the hope of making money when they sell. This ties them to their job and forces them to work harder just to keep their head above water. When they do sell, and if they do make money, they reinvest their money into another investment that costs them more money each month to own.
This is not a smart way to invest, and if you want to be rich then a good idea is to plan to increase your passive income. Passive income is income that you receive on a regular basis without having to work for it. Passive income increases your means, and decreases the need for you to work for someone else just to pay the bills. By focusing on passive income you will be buying yourself time, and when you have a lot of time you can use that time to focus on becoming rich.

4. Plan To Reinvest

If you want to be rich then you shouldn't cash in your profits on day one. Instead you should have a plan on how you are going to best reinvest them for a maximum profit. Again let me state that it is good to have a plan to increase passive income. So when thinking about reinvesting, always think about how you can generate the most amount of passive income.
When rich people buy an investment, they are always looking at how they can get their capital money back as quickly as possible. Once they have got that capital back they are essentially making money from something that has cost them nothing. The passive income continues to come in and they can take their capital and look for another investment. This is exactly what you should be doing also.
So if you don't have a plan to be rich then maybe you should think about writing one. I have a plan to learn, a plan to raise capital, a plan to increase passive income and a plan to reinvest. Because of this I am slowly but surely becoming richer every single day. You could also become richer every single day if you have a plan. The first step in your plan is to increase your learning. You need to learn about finances and increase your financial IQ. By educating yourself in the area of finances you will be able to get a greater return on investment and you will be able to earn more with less work and less risk. Does that sound good to you?

If you want to increase your financial IQ and start becoming rich then I recommend the free newsletter and audio teaching that Rich Academy provides. If you want to start becoming rich today then go to http://www.richacademy.com and enter your name and email address to get a free copy of Ryan McLean's audio teaching. Hurry, this offer is available for a limited time only.

Monday, November 29, 2010

Think and Grow Rich Book Review

What if instead of wishing you were rich was as easy as instead having a strong desire to be rich? Think and Grow Rich is a book written for those who want to be rich but don't possess the right mental capacity or focus to obtain these dreams.

Think and Grow Rich is a Self-Help book that's purpose is to get you into the mindset of becoming and thinking rich, as implied by the title, however, it's not as easy as it sounds.
You will begin to realize really fast as soon as you begin the first chapter that the "Thinking" part it talks about is actually a long step-by-step process that will take effort on your part. To give you an idea of what you will be getting yourself into here is a list of the chapter titles.
  1. Thoughts are Things
  2. Desire
  3. Faith
  4. Autosuggestion
  5. Specialized Knowledge
  6. Imagination
  7. Organized Planning
  8. Decision
  9. Persistence
  10. Power of the Master Mind
  11. The Mystery of Sex Transmutation
  12. The Subconscious Mind
  13. The Brain
  14. The Sixth Sense
  15. The Six Ghosts of Fear
You can probably already guess by reading the chapter titles what this book is really about, but until you read it you won't understand how important doing things in order are or why you are doing them in the first place.
Think of all the things you truly wanted and set your mind to in your life; school, girlfriends or boyfriends, jobs, etc. If you could convert those "want" energies into a specific desire to become rich and set yourself on a plan to get there, you would most likely... get there.

It is amazing how many people struggle at doing exactly this whole-heartily and that's where this book comes into play. You will learn not only how to do convert those other types of motivating energies but also learn why it is important that you must have a desire to truly be rich.

In summary, if you desire something, think about it all the time, be persistent about it, and don't let anyone turn you from your path no matter how much they ridicule you; you will get exactly what you want.
I recommend reading this book to find out how exactly you can go about turning your desires into reality. I give this book a 9/10.

Tom Van is the owner and author of http://www.thomasvan.net The core focus of his website is to promote financial literacy and self-reliance by providing free educational articles on his website and blogging about his experiences.

He is the author of the creative finance blog which involves the use of buying things you want using creative methods when traditional methods are unavailable to you. You can learn more about his creative finance blog by visiting [http://www.thomasvan.net/category/blogs/creative-financing]
To see more book reviews by this author visit [http://www.thomasvan.net/book-reviews/book-reviews]

Sunday, November 28, 2010

Ways to Get Rich

We all want to be rich and there are many ways to get rich. There is just something about the idea of having enough money to not only pay all of your bills off but also to buy everything you ever dreamed of that makes us just want it. Some people want it so bad that they actually go out and make it happen while others simply dream of what it would be like to be rich. Fortunately, there are lots of different ways to get rich if you just know what they are. The following ideas have helped other s in the past get rich and it just might help you, too.

Create a Business

Entrepreneurs who can find a business opportunity in their market have a great opportunity for becoming rich if they just learn how to work it. Once an opportunity is discovered the entrepreneur needs to do some research into the target customers and find out if the business will really work. If it looks as if it will and the business opens up then the owner needs to be dedicated to the new business. Working long hours and always trying to find ways to make the business succeed will start bringing in the cash flow. Then, if the business is franchised and becomes popular nationwide or even worldwide then the owner just might find himself rich!

The Lottery

Winning the lottery is by far the easiest way to get rich although it is the longest shot of all. The reason why is the odds of actually winning are so great that the likelihood of someone cashing in is very low. But, people continue to play the lottery and people continue to win. As long as jackpots worth hundreds of millions of dollars are around you can bet that people will continue playing the lottery. If you do win then you will have really gotten rich fast and will be the object of envy.

The Internet

The Internet provides many opportunities for an individual to get rich. There are so many website businesses that gain popularity and all of a sudden they are household names and making their owners lots of money. For example, Amazon.com is a site that everyone knows about although it started out really small. That's the way it goes with the Internet. You start small, begin marketing your site, buying links, and affiliating your self with other sties and then your own site begins to grow and prosper. With a lot of love and attention in addition to a great amount of luck your website could make you very rich. It has made many others rich and it can do the same for you.

There are of course other ways you can become rich like being a movie or sports star or inheriting the money. But, the above ways of becoming rich might be easier for you or they might not. As long as you are committed to becoming rich you can do so with a little bit of hard work.
Clark Hunter

Saturday, November 27, 2010

You Can Learn to Be Rich

Anyone can learn to be rich, it just takes the right training. If you want to learn how to become a doctor you can't go and study the inner workings of a car engine and expect to be a good doctor. In the same way if you want to be rich you will need to study money and you will need to increase your financial intelligence. Although this may sound a little daunting it is not that difficult and it can help you to work less, earn more and live a happier life.

If you want to learn to be rich you need learn financial intelligence. Financial intelligence involves a few different things. You need to understand how money works so that you can make more money, hold on to more of your money, get a better return for you money, work less for your money and so you can leverage your money. It is impossible to cover everything you need to know in just one article. But I am going to go over the basic things you need to learn if you want to become rich.

You Need To Know How To Earn More Money

By earning more money I do not mean that you need to go back to college in order to become a doctor or lawyer (or some other specialist) so that you can earn a large wage working for money. The type of earning I am talking about can be done by anyone no matter what your current wage is.
In order to be financially free your passive income (income you don't need to work for) needs to be greater than all of your expenses. No matter what your wage is you can begin to increase your income by purchasing assets that generate an income. The rich get richer because they buy assets that generate income first, and then they use the income generated from their assets to pay for their expenses and liabilities. If you want to be rich you need to learn how to earn more passive income by purchasing assets that create more cashflow.

You Need To Know How To Keep More Money

A lot of people fail to become rich because money gets taken out of their pocket as fast as it goes in. One of the biggest expenses in your life will be your taxes. Working for someone else you have very little control over how much you pay in taxes. In fact the government now takes your taxes from you BEFORE you get paid. But there are ways you can legally minimize your tax payments so that you can have more money to invest and you can become richer quicker.

In order to become rich you need to learn how to keep more of your money and how to stop people putting their hands in your pockets and taking all your money before you get a chance to invest it.

You Need To Know How To Budget Your Money

Most people only know how to budget for a deficit. Meaning that there is more money going out than their is coming in. Because they only know how to budget for a deficit they are constantly getting in more and more debt and their expenses are constantly going up. They are therefore tied to their job and they have to work harder and harder just to make ends meet.

If you want to be rich you need to learn how to budget for a surplus. Being frugal in order to have money plays a small part, but really you need to focus on increasing your income by buying assets that generate you income. By using your money to buy assets that generate you income you are always increasing your wealth. You can then use that income to purchase your liabilities such as cars and clothes. So it is important that you learn to budget for a surplus so you can constantly have more and more money to invest.

You Need To Know How To Buy Assets

Once you have at least learnt how to budget your money so their is some left over to invest you need to know what an asset is and you need to buy assets. Rich people get richer because they buy assets that generate them income. Assets put money in your pocket and liabilities take money out of your pocket. You can define an asset and a liability this way. If you were to stop working an asset would pay you and a liability will take your money away. If you want to be financially free then you need to know the difference between assets and liabilities and you need to buy assets.

You can learn to be rich easily by learning the difference between assets and liabilities and by learning how to buy assets that generate an income.
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Friday, November 26, 2010

Do You Want to Be Rich in MLM - Invest in Yourself

Like with many other spheres of life, there are some specific traits that a network marketer would have to possess to be successful at network marketing. A lot of people get involved with money making schemes with little knowledge, little or none of the needed skills and plenty of hope. The results are failure and frustration. Even when a marketer takes time to learn the needed techniques he or she must continue to learn and work at personal development so as to become and remain a master of success.

Personal development is very essential as most successful people will tell you. You have to invest in your mind by constantly feeding it with the right information and knowledge. It is only after you have mastered how to train and develop your mind that you can use your mind to fill your wallet. Personal development involves active steps to help you master needed traits, perspectives and values that would help you as a network marketer.

In network marketing personal development is ever more important to be able to succeed. This is because while it is true that network marketing is a way to earn moderate to substantial income it is also true that it is not always easy. If you do not develop the proper mindset and values to help you through the trying period you will end up quitting half way. One way to develop personally is to read books and attend seminars by established coaches such as Randy Gage, Donald Trump, Mike Dillard and Robert Kiyosaki.
Robert Kiyosaki is the famous author of Rich Dad Poor Dad. The book has sold over 20 million copies and was written to help readers get the proper view and perception of money and how to use it. Along with other books by Robert Kiyosaki, people can learn how to make their money work for them by working smarter and not just harder.

Donald Trump and Robert Kiyosaki teamed up and wrote a book together called, "Why We Want You To Be Rich." Network marketers all over the world have grabbed a copy of the book for themselves. In the book they both endorse the network marketing industry. It is a viable way for the average Joe to become wealthy if they stick with it.

Randy Gage is another writer and speaker whose books and speeches are geared towards helping marketers work on personal development. He is popularly called the Millionaire Messiah as his books and speeches have helped a lot of people attain wealth. He believes everyone can achieve wealth and he helps people develop the right skills, values and perceptive to overcome self doubts and act right to achieve wealth. His personal experience as a school dropout who made it from being a dishwasher to becoming a millionaire has inspired many.

Mike Dillard is no stranger to the MLM world online. His training and courses are remarkable. Mike's main focus is teaching people to become Alphas. Once you have an Alpha mindset, he then focuses on helping you solve the number one problem most network marketers face, which is the lack of leads. Mike Dillard's courses, books, and websites have trained over 100,000 network marketers.

Network marketers should aim to constantly develop themselves and acquire skills such as people skills, leadership skills, communication skills, money management techniques, accounting skills, time management, goal setting and acquiring self confidence. To do this they need to constantly work on developing themselves. Reading more on their chosen niche and learning new techniques are very important if they must successfully keep up with their dynamic environment. People's need and interest are ever changing. Effective methods get stale after some time. The network marketer who continues to improve himself will continue to be successful.

Adrian Hines is an internet marketer that is dedicated to helping those in network marketing succeed by leveraging the internet. To learn more go here.

Thursday, November 25, 2010

I Want to Be Rich But I Don't Know Where to Start

Surely everybody has felt this way at some stage? So what IS the answer? Whilst there might not be a 'definitive' answer to this question - there are definitely better and worse places to begin your quest towards financial freedom.
Robert Kiyosaki (the author of Rich Dad, Poor Dad) talks about the three main vehicles that the rich use to create wealth. They are as follows

Stock Market

The stock market allows you to 'buy in' to a company and in turn receive a 'share' of the company's profits or losses. Professional Investors generally use the stock market to create cash flow.

Real Estate

Buying Real Estate can be less scary for the novice investor as you are buying a 'physical thing'. The ability to 'leverage' your money is one of the best features of Property Investing. Professional Investors generally use Real Estate for long term capital gain

Business

Business can include everything from owning your own business to being employed by someone else. If you think about it having a job is just like running a business but rather than selling a product you are selling 'your time'. Wealthy people use their 'business' to help fund their Stock Market & Real Estate investments.
I would like to add a fourth category

Mindset/Education

Whilst you don't physically 'make money' from this category, there is no way that you can create any amount of wealth without having a strong mindset and knowledge base.
So where should you start?
The first and most important thing you need to do is ask yourself "why do I want to be rich'? Everyone 'thinks' they want to be rich but not many people take the time to explore what they would actually do if money wasn't an obstacle. Remember being Wealthy isn't just about having lots of money. There are plenty of people who earn millions of dollars a year but don't have any spare time to see their family or who aren't actually happy with their life. To be truly wealthy I believe you need to have abundance and choice in four main areas

1. Financial - have enough money to do everything you dream of
2. Time - be able to spend your time how YOU want
3. Family/Love - have great relationships and a group of people you care about
4. Achievement/Contribution - be proud of who you are and what you have done

So when you ask yourself 'why do I want to be rich' make sure your answer includes all of these areas in some way.

The next thing I would do is 'Surround yourself with people who have what you want'.
Or in other words educate yourself. There is plenty of great Wealth Creation information out there and the best part is that a great deal of it is Free. A little Warning - once you begin learning new investment strategies and Wealth Creation ideas you will no doubt begin to feel liberated and excited. DON'T let yourself be scared or put off by uniformed people who know less about the subject than you. Jamie McIntyre talks about the 'law of opposites'. In short he is saying "If you want to succeed, you need to figure out what most Australians are doing and do the exact opposite". Remember, 'Surround yourself with people who have what you want' NOT 'people who have what you already have'.

The next step is to decide what your first strategy is going to be. Will you use the Share Market, Real Estate or your Business? Always remember to start small, don't try to 'bite off more than you can chew' and definitely don't get too far ahead of yourself. If you try and go too fast you can end up having a bad experience and it might turn you off Investing for life. Once you find a strategy that works then repeat it and start looking for a different strategy to learn. As Robert Kiyosaki says the Stock market, Real Estate and Business will create the best results when they are employed in unison BUT you need to walk before you can run. One strategy at a time is definitely the best option.

The final step and by far the hardest and most horrible part of this whole process is to reward yourself! Celebrating your successes will encourage you to continue your good work and always remember there is much more to being wealthy than having lots of money. So what are you waiting for? Take action now, quite simply just 'Do Something'. Remember "A journey of a thousand miles must begin with a single step" - Lao Tsu

For access to a Free Investment DVD and an amazing Free Wealth Creation pack valued at over $100 simple go to http://www.SharesPropertyMoney.com or learn more about Investing & Wealth Creation at my blog http://www.BanjoSmyth.com

Wednesday, November 24, 2010

The Secret That Rich People Don't Want You to Know

There really is a secret to getting rich fast. A way that you can move yourself up to the highest income bracket possible. you will want to make all the wealth Now I have a surprise for you, I am going to tell you what that secret is. Shhh, you don't want this one to get out because instead of making money you will be sitting back and watching others make what was supposed to be yours. The secret to getting rich lies inside you. The difference between wanting to be rich and being rich is actually just as simple as doing it.

Let's say you have 500 dollars to get yourself started on the path of financial freedom, even though 500 dollars doesn't seem like that much, it is a great starting point. Take your 500 dollars and turn it into selling items. Find items for cheap that you know that you can turn around, and sell for a profit. These items can be anything, but try to find something that you have a little knowledge on.

Thanks to the Internet anyone can now open an online store or join and online auction community. These are perfect places to sell your items. Online sites bring millions of potential customers right to you. Even though this route is going to take you a while, there is not real get rich fast, easy answer. If you are patient and willing to work, your first million is just a few profitable steps away. After you make the first million, if you play it smart you will remain rich the rest of your life.

If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.
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