The Millionaires Financial Turning Point
Foreword
Chapter 1:
Know What You Want
Chapter 2:
Be Dedicated
Chapter 3:
Think Big
Chapter 4:
Be A Leader
Chapter 5:
Know The Wealth Rules
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Foreword
Becoming a millionaire is for the most part a matter of mental
attitude. If you're determined to become one, you will. In this
book, I prepare you for this shift by contrasting the attitudes of
"millionaires" with "normal individuals."
This isn't to say that all millionaires have the correct mental
attitude, and all ordinary individuals don't. I'm merely
utilizing millionaires and ordinary individuals as symbols for
how active, prospering individuals think. Its differences in
mental attitude, not makes of autos or brands of shoes. This
isn't about social snobbishness. If you would like to be a
millionaire, think like one. You don't need the auto or the shoes,
but you do require the mentality.
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Chapter 1:
Know What You Want
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Synopsis
Millionaires Understand what they want. Ordinary
individuals don't get what they want because they don't
understand what they want. Describe the ideal situation
you would like in 12 months' time, keeping the description
at an achievable economical level.
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Understand
To start out at the beginning, list out whatever comes to
your brain about what you wish from life. You may put
things like felicity, hope, college of your selection, a good
career, a fantastic husband - the list is often endless! Such
the better for you! And do you understand why? It's because
while a few goals are accomplished easily, a few might take
ages.
Once you've accomplished some goal, you tend to lose
interest and need additional goals to keep you functioning.
Once you recognize that accomplishing a goal is all in your
hands, you don't have to settle for anything to a lesser
extent. The intriguing thing about charting out goals to be
accomplished is that you are able to keep adding and
subtracting all through the journey that is living.
Remember that any goals you set must be your very own
and shouldn't be somebody else's. Not even those of your
hubby, youngsters or even your boss. It's when you let
others determine your definition of success that you're
putting bounds on your future.
Pick out goals that are meaningful and suit your strong
beliefs. If the goals have no substance or significance for
you, the whole drill is a waste.
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Forever have truthful and accomplishable goals. There's no
point in asking for something unattainable.
Never be obscure in your requirements. Being particular
always has better outcomes. Put down clearly what your
intentions are - if you would like to be in the top of your
class, merely write it down, look at it each day and work
towards accomplishing it. This way, there is no way you are
able to bomb!
Decide on goals that are ambitious and never accept shelter
in your comfort zone - after all, you need to see that you
have the vigor and cutting edge to accomplish what you
wish.
Forever keep your targets elastic. This way, you don't feel
beleaguered by your own stiff rules and regulations and not
let yourself t miss out on chances.
Prevent being judgmental when you're putting down your
goals. You might discover that you're questioning the
validity of each. This will only handicap your forward motion.
Be willing to go all the way. Never waver in asking for what
you wish. Be geared up to work hard and smart and also to
make forfeitures along the way.
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Never let pridefulness, low self-respect, fear or ignorance
get in the way. These are all signs of helplessness and will
stymie your success in accomplishing your goals.
Chapter 2:
Be Dedicated
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Synopsis
Millionaires commit themselves to producing wealth.
Average individuals purchase lottery tickets.
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Commit
You seldom see investors in casinos. That's because they get
their chills in the market. They invest their gains in more
money making things, thereby producing more wealth. Try
listing anything you've done, in the past twelve months,
which has the potential of producing riches for you. Having a
business counts. Discover a way to utilize that wealth to
produce more wealth.
Money affirmations are among the best tools for attracting
more income into your life. There's amazing might in
affirmations and as long as you understand a couple of
basics about affirmations you too will be able to utilize them
to start pulling in income beyond your widest dreams. Here
are a few matters you need to know about money
affirmations to make them work for you effectively and
consistently.
Know what you're utilizing your affirmations for. Be
particular do just decide you want to pull in more money,
rather go deeper and discover why you've been unsuccessful
so far and utilize money affirmations to alter the situation.
Author your own affirmations. If you abide by these ideas
and author your own affirmations you'll discover that they
are a great deal more centered and particular to your needs
consequently you'll begin to see improvements in your
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results earlier. If you must utilize affirmations that were
written by somebody else make sure to tweak them to suit
your situation first. This surplus bit of work may mean the
difference between success and failure.
Make certain to utilize a positive voice when phrasing your
affirmations. Avoid utilizing words like can't, won't, don't and
no in your affirmations. Likewise if you're utilizing
affirmations to clear damaging feelings about debt, don't
mention debt, rather utilize and opposing term like
"financially free."
Once you start to narrate your affirmations make note of
how you feel when reading the words. If you don't feel
anything then your affirmation is powerless and needs to be
more potent. If you feel resistance to the words i.e. they
don't feel credible then you need to soften the affirmation
make it a bit less focused.
Be ordered in your utilization of affirmations; stating them
once a week and then expecting to see betterments is a little
absurd. If you would like to experience the true might of
money affirmations then you need to utilize them at least
twice daily. First of all in the morning and final thing at night
is a great way to begin. Then work your way up to utilizing
them constantly throughout the day till it becomes 2nd
nature.
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If you are able to abide by these easy guidelines you'll soon
be in the position to make significant changes in your life.
Instinctively you know that the law of attraction works and
you know that affirmations work, so if you discover how to
mix these two amazing forces it's inevitable that you'll
become exceptional at manifesting your wants. All you have
to do is abide by a couple of easy instructions to start
utilizing to your benefit the real might of money
affirmations.
Chapter 3:
Think Big
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Synopsis
Millionaires think big. Ordinary individuals try not to think
big. To discover how to do something, it's best to begin
small. But don't shroud yourself from challenges. Identify
your ideal situation, if you had a million dollars. What
would you invest in if you and your associates had 10
million? Work towards that goal!
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Large Ideas
Today's economic system poses a lot of challenges to our
financial stability. But there are a lot of ways nowadays to
make a buck, even a fortune. Most of us are our own worst
obstruction. Its time for us to begin thinking huge and
satisfying our potential.
Put yourself in a favorable environment. Discover a place
that's cheerful and gives you a beneficial feeling. This will let
your creativity flow and allow you to do some productive
brainstorming. It's simple to brainstorm, but brainstorming
that really winds up creating results is the key.
Keep all negativism at bay. If they're not for you they're
against you. Stay away from the pessimists. Other's
negativism may and will bring you down. Misery enjoys
company, and distressed individuals tend to try and push or
reflect their sadness on to other people. Surround yourself
with favorable persons, preferably individuals with the same
goals and concerns. The comfort and favorable
reinforcement of other people may prove to be a good asset
in your pursuit of success
Your plan is your fundamental element. Muster up a plan.
This is the opening move to really taking action. It isn't
worth your trouble, or anybody else's to just discuss an idea,
you must go after it. Once you muster up a plan, you'll have
opened up the first door to taking on your fresh endeavor.
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Do not be afraid to have big aspirations. If you do not
believe in yourself, no one else will either. It's key to
understand that you are able to do simply anything you put
your mind to. If you have a passion for something, draw a
bead on it. It just might be your key to a successful future.
There's utterly no time to be afraid or fainthearted to try
fresh and potentially fruitful endeavors. Think big, and then
make huge things occur.
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Chapter 4:
Be A Leader
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Synopsis
Millionaires are leaders as they market their values and
benefits. Ordinary individuals know that no one cares
about their values, and they don't prefer to be pushy. Take
3 minutes to discuss yourself with individuals who will
become fascinated by what you represent. Utilize the time
well.
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Lead
A leader values who they're leading. Without your regard for
the group or the team, you'll never gain the regard from
them either.
A leader is always hospitable to fresh ideas, and never puts
down anybody for their own. As a leader, once again you
have to regard everybody’s views, and while you might not
agree with what some of your team might think or talk
about, you should at least be pleased that they're taking
part and listening.
A leader reinforces his or her followers when they're doing
things correctly. As a leader, you must tell your people when
matters are going well, and thank them for any work they
might have put forth. Without reinforcement, there's no
motivator. Without a motivator, your group in general will
never create much.
A leader is likewise a team player. As a leader, you ought to
be involved in whatever actions you apply to your team. It's
better to consider yourself as a guide who moves with your
group and teaches, instead of an individual who just
distributes maps and says go.
A leader never leaves anybody trailing. As a leader, you
have to comprehend that your group is only as solid as your
weakest link, and it's your obligation to make certain
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everybody is taking part, active and contributing to the
group in general.
A leader ought to be in charge, but never demand things.
There's a difference between telling individuals what should
be executed and demanding that matters must be executed.
Individuals will be happy to work for you and conform to
your lead if you respect and encourage them.
A leader should forever be planning in advance. As a leader,
you have to know where you're taking the group. Plan ahead
and produce a plan that may be pursued by your peers.
A leader ought to always make the final judgment, but never
solely. As a leader, you and your group will run across
assorted hurdles where drastic conclusions or sacrifices have
to be arrived at. You're the ultimate administrator, but
always consider the views of your following before going
forward. You might learn a better way to work out a problem
that would have otherwise never been mentioned.
A leader is always surefooted, even when times are hard. As
a leader, you ought to be surefooted about your plans,
where your group is pointed, and where your group will wind
up. Your self-assurance is easily felt throughout the group,
and if your moral is depleted, so will the moral of the
remainder of your team.
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Finally and above all, a leader knows that he or she has
obligations. As a leader, you have the obligation of
managing or mediating your team or group, which entails
you using all of the techniques previously named, from
regarding your team to always planning in advance - in
order for your whole group to succeed.
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Chapter 5:
Know The Wealth Rules
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Synopsis
People, have you ever questioned why some individuals
are wealthy and others aren't. How can you get into that
state of affairs? How can you alter your life so that you are
able to have all the things that you've ever desired? A
couple of very easy, yet tried and true techniques will get
you on the road to financial freedom and true riches.
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The Hints
The ordinary individual is spending 105% of their net income
i.e. they’re in debt. Debt is only beneficial if it's for building
assets. This is beneficial debt! You must have a spending
plan for your life to make certain you only spend what you
have and then save and/or invest what is left over. It's
suggested that you save at the least 10% of your net
income. Finally, when investing, only take investing advice
from somebody who's as affluent as you would like to be.
Making income and becoming wealthy may be a little like
learning a foreign language. There are lots of terms like:
Assets, Net Worth, Liabilities, Liquidity, Gearing, Leverage,
and so forth. And you must know what they mean in order
to get to be a good investor. The mechanics (tools,
techniques, investment vehicles, and so on.), Likewise need
to be studied so you put them into practice knowledgeably.
You are able to literally get rich by pulling out of debt! Begin
by paying back the loan with the highest rate of interest
first. It may very well be your charge card debt. Then begin
on the debt with the next highest rate of interest.
Do this by making a payment agenda month by month until
that debt is gone away. If you think you haven't got enough
remaining out of your monthly pay to begin paying back
those debts...think again. Everybody may buy one less daily
cappuccino, bring in a sandwich for lunch, and walk rather
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than grabbing a cab and so forth. Easy stuff but it makes a
difference to your net positioning at the end of every month.
There are 2 ways to step-up your net worth...1. Bringing
down your liabilities (debts). The 2nd way is by increasing
your equity (assets). There are basically three types of
assets: Paper Assets (Shares, Bonds, Pensions and so
forth); real property (Residential, Commercial,
Development) & Business (begin, purchase, Rent).
You utterly must acquire the knowledge about investing in
these asset categories in order to build riches. Work inside
your own limits. Only take on assets you are able to afford
to pay for or discover how to use others revenue.
Did you know that if you vested just $5,000 annually at a
median return of 7% from the age of twenty-five you'd be a
millionaire by the time you hit sixty-five.
Ok, so a lot of you want to be millionaires at a younger age
but it exemplifies the point. It's vital that you settle on an
absolute dollar amount you'll invest each and every month
regardless what and stick with this to see your riches grow
through compounding.
I don't know how many times I've heard individuals state "I
don't have the income to do that". Take heed, no one does.
But stating this is a nice excuse that lets you stay inside
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your comfort zone. The answer to any issue always rests
outside your comfort zone.
Among the keys to bringing out of the rat race and
producing financial independence is recognizing the secret of
leveraging others time (OPT) and others money (OPM). The
power to raise and utilize OPM and OPT is essential to
obtaining the financial freedom you want.
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Wrapping Up
Final words of advice:
You need to dominate the art of managing money in the
same way you'd approach the getting the hang of a musical
instrument, a sport and so forth. Begin early on the road to
money command and become a student, learning only from
the best. By discovering the tools, techniques and skills
needed for dealing with money you'll become richer, quicker.
Command calls for discipline and patience, crucial skills in
true wealth creation. Leave your emotions on the sideline
and rehearse discipline. The more disciplined you are the
quicker you'll become affluent and the more affluent you'll
become.
If you are not already a millionaire, begin acting like you are
already one! Why is this crucial? It stands to reason that if
you behave and think like a millionaire you'll become one.
I'm not recommending spending money you do not have or
lying to yourself but I'm proposing you adopt the demeanors
and mentality of the wealthy in order to get wealthy
yourself.
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