Five Power Tips To Making Your First Million Dollars
I prefer being rich to poor, and I've tried both. I used to think
that being a milli˛naire was for other people - for me it seemed
just a ridiculous dream. I'm telling you this to show you that
I've been exactly where you are right now. I am merely further up
the mountain path than you. I am not unchaseable, indeed I invite
you to overtake me! Come on up, the air is cleaner and fresher
here, I can pr˛mise you that.
Five tips for making a lot of money are as follows:
1. Do something. That's what this article is all about. Don't
sit around any longer. Forget TV, forget the bar; start taking
action to improve your life, even if it is just that first, small
step. I judge people by what they do rather than what they say.
2. Be rationally selfish. Take 'good for me' decisions. You
don't owe anything to anyone apart from your kids. They need
love, consistency and honesty. They don't need Adidas trainers
and Nintendo games machines. When you live your life trying to
take 'good for others' decisions, you are playing God and trying
to second-guess other people's lives. This is arrogant.
3. Stop believing in something for nothing. This one tip can
save you thousands of pounds and a lot of lost time. There is no
such thing as something for nothing. Ditch all of those 'business
opportunities' which come your way. 99% of them are scams
operated by small minded people of limited vision trying to cheat
their way to a fortune. They are relying upon your laziness and
gullibility. Don't support them, and above all, don't join them.
The financial loss is minimal, but the loss of time and momentum
is far more serious.
4. You should have one burning question which you must answer as
soon as possible: "What honest value can I create which others
will voluntarily b¨y from me time and time again in order that I
might become guiltlessly wealthy?"
Only you can answer this question and you must work at it rather
than expecting the answer for nothing. Nob˛dy is going to hand
you a wonderful, magic pre-packaged business on a plate. It's
obvious why. If you had some superb practical 'make a million'
business, would you operate it yourself and make a million, or
sell a 30-page 'how to' manual for ú24.95 to a few hundred
punters via an advert in Exchange and Mart?
5. When you create values you become wealthy. When you trade
equal values you merely survive. There is nothing wrong with
survival. Most people do only this. But make sure you have
consciously selected this option, and not chosen it by default
out of laziness or fear.
Most businesses merely allow you to trade values - "You watch my
sheep and I'll mend your roof" - and so you will not become
wealthy by operating one of the 10,000 or so businesses you might
think about getting involved in. For example, "I'll cook fish and
chips if you repair my car." At best, you will do slightly better
than average due to the division of labour and your superior
bartering skills, but you will never make a million.
To become wealthy you must create new values which didn't exist
before and then run with your idea until the copycats grab your
idea and rake over the bones of your fortune. Then you have
another, new idea which creates more unique values and you run
with that... These ideas do not have to be earth-shattering; many
are just small creative twists on an existing idea.
copyright 2001. Stuart Goldsmith. All Rights Reserved.
Article excerpted from Stuart Goldsmith's latest book, "7 Secrets
Of The Milli˛naires". Stuart is a multimilli˛naire teacher,
author and lecturer. He created a 16 million dollar fortune
starting from heavy debt and despair, and has taught thousands of
others how to live debt-frŔe & wealthy. Discover how his amÓzing
power secrets can help YOU achieve your specific dreams. Visit
here...Know How To Be Rich
Back To Article Index
Find More Related Articles