Dear Colleague,
So what exactly is the difference between the people who become wealthy and successful and those that struggle and scrape by? Why do some people enjoy their work and make a lot of money doing it, while others fight to get by in a job or business they hate? What does it take to find the right path for you and build financial security? I submit it takes three factors; let's take a look at them.
Factor #1 You Must Be Your Own Boss
The only way to take control of your life is to stop giving people power over you. When you work for others, they tell you what to do, decide your salary, and grant you vacations if they feel like it. If you want to become wealthy, you need to be able to look in the mirror and know you are talking to the boss.
If you work for a big (or small) company, any day could be the one you dread. The day they call you into the boss's office and hand you your walking papers.
You could be a loyal employee for ten, fifteen or even thirty years, and one day it can end. Just like that. Reports indicate that over 5.5 million jobs have been eliminated worldwide due to corporate downsizing in the past ten years. With the recent recession, downsizing has increased dramatically from an already staggering percentage. The chance you could lose your job is a frightening reality in today's world.
Factor #2 You Must Employ The Principle Of Leverage
J. Paul Getty, who was one of the wealthiest people the world has ever known, once said, "I would rather have 1% of the efforts of 100 people, than 100% of my own efforts." He understood leverage.
In his "Rich Dad, Poor Dad" book series, author Robert Kiyosaki points out that poor people work for money and rich people make their money work for them. Mr. Kiyosaki owns more than 7,000 rental houses - that's leverage! If you want to be wealthy, you have to escape the "trading-hours-for-money" trap.
By the way, this holds true even for those with "good" jobs and people that own their own business! Many doctors, lawyers and other professionals are still trading hours for pay and missing out completely on leverage.
Even many owners of traditional businesses (retail store, hair salon, plumber etc.) are still trapped "trading-hours-for-money". Ask many of them and they will tell you that they don't own the business, the business owns them!
Factor #3 You Must Build Residual Income
We Show You How to Work Smarter.....Not Harder!
When you were a kid people probably used to tell you, "Work hard and you will succeed." There is some truth to that, but hard work by itself isn't the whole secret. Has all that hard work made you wealthy yet?
After closely watching a lot of wealthy people, carefully studying how they produced BIG MONEY, we began to figure out that hard work by itself isn't enough. You usually don't gain real wealth by just working hard, you have to work smart.
Success One Day At A Time
You may be wondering, "How can I be successful?" John C. Maxwell, a popular author, speaker and leadership expert, who has sold more than 18 million books said, "Who doesn't desire success? It may seem peculiar to ask that question. Yet most of the people you know will never achieve success. They'll dream about it. They'll talk about it. But most of them won't possess it. And that's a shame. Why is that? Because most people don't understand success. It isn't the lottery. You don't stop at the corner convenience store on the way home, buy a ticket, and then wait for success to strike. Nor is it a place you find when you reach some magical time of life. Success is not a destination thing, it is a daily thing. The only way to achieve real success is to do it one day at a time. To be successful, you don't need to be lucky or rich. But you do need to know this:
Escape The Rat Race Forever
If you can't control your life, then you can never achieve the things you want. You will always be somewhere else other than where you want to be, saying to yourself, "If I could only do this or have that, then I would be happy." And then after so many years of feeling like you are someone's inferior, you may begin to think that you don't deserve the things you want. More than expensive cars, boats, houses or silk suits, most of us really want something simpler. We want to be happy. The only way to avoid being a wage slave is to quit the rat race and the sooner the better! This inevitably means that you must go to work for yourself.
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