A mentor is somebody who has gone down the road that you want to go down and can look back and advise you on avoiding certain pitfalls. Mentorship relationships are things that takes time to develop, and because of this it should stay in place for many years.
Actually, My Millionaire Mentor sounds a lot like a product I reviewed called Digital Altitude. In fact, they sound so much alike that I had to double check to see if they were run by the same guy. They were not, so I figure one of these probably copied the other one.
Those people who eventually become millionaires typically don’t get there through sheer luck or by making one life-changing investment. Rather, they work hard, live below their means, and start saving early on.
The book of the week was How To Make Millions With Your Ideas by Dan S. Kennedy. This book made some good points, but overall it wasn’t my taste. I think a lot of the ideas in this book are a little pie-in-the-sky and I like to focus on basic business and leadership principles that do not require luck, just skill.
These are just a few of the benefits real estate has over many other wealth-building activities. That said, real estate investing is not for those just looking to make a quick buck. It takes time, persistence, knowledge, and sometimes a bit of luck.
While I don’t believe every person should become a millionaire (money often causes more problems than it fixes), I do believe every person has the ability to become a millionaire. This is especially true if you live in a capitalist society where the government doesn’t dictate how high you can rise.
Even people who live in modest homes, drive used cars and go camping on their vacations can undermine their thriftiness by committing money missteps. Overspending on children, for example, can be a big temptation, and it’s particularly strong when it’s time to send your kids to college. If you reduce or eliminate contributions to your savings plans to pay for college, you’ll be hard-pressed to make up for those lost years of compounding. A better strategy:
While starting early can increase your likelihood of attaining millionaire status, the investments you choose play an equally important role. In the above scenario, we turned $220,000 into $1.4 million by applying an average yearly 8% return, which is something you’re more likely to get with a stock-heavy portfolio.
Yes, My Millionaire Mentor and the organization behind it, MOBE, are insane in their arrogance and greediness. They know full well that less than 1% of their members break even and even fewer make a profit, and that most will quit in the first month or two, yet they want as money from their members as they can get up front. They should be shut down.
Grant’s primary focus and passion is addressing the paradigm shift that has taken place in marketing because of the onset of new technology and the World Wide Web. He creates innovative solutions and strategies for “sticky marketing” – the way he describes how to become an attraction magnet for clients in a competitive marketplace.
A few weeks ago I wrote a post about how this was the year you had to quit your job. I gave the reasons why. It wasn’t a gung-ho “you have to be an entrepreneur” article. It was more: bad shit is happening in the corporate world and bit by bit you’re going to feel the urge to quit.
Live proactively, not reactively. You have two choices in life: React to life as it is thrown at you, or you can go out and create your own life, one that you define and you work for. Don’t get caught in a passive life being tossed around like a boat in a hurricane. Be the hurricane.
Read the advice of those who’ve made it. Benefitting from the wisdom of the successful can never hurt, but be careful not to get caught up in the planning and preparing stage. The most important step is taking action. However, do spend some time reading other millionaires’ advice. Some suitable books to read include:
ViralNova’s AdSense rate might be $2 per thousand views, $1 for each ad on the page, which would earn Delong $400,000 every month he hits 200 million pageviews. DeLong told Business Insider’s Steve Kovach last January that he was indeed making six figures a month. That means his annual revenue run rate is between $1.2 million and $4.8 million a year, assuming ViralNova’s traffic stays high.
Membership sites can work a number of different ways. You can simply offer a forum. You might offer monthly video lessons. You can think of a number of different things but you must make sure that you are providing continuous value to your audience.
Another practical way that an aspiring entrepreneur can legally make a million US dollar in one year from the scratch is to open a filling station. Just ensure that your filling station / chains of filling stations are well located in a busy road so as to steadily attract customers 24 hours in day. With that you can be certain that you will make a million US dollars if your business projections are right and all other business factors work in your favor.
After almost a year of satrapmakesmoney.blogspot.com being live, the traffic I was receiving was making me enough money that it persuaded me to get my own domain and hosting, so I could be in full control.
If you have your own eCommerce store, social media is the perfect platform to showcase your products. Demonstrate your products in use and tell your social following why they need to buy your merchandise. Most social media channels allow you to add ‘buy’ buttons your pages, allowing your followers to easily click through to your site and make a purchase.
If you’re unsure of Tai’s new program and would like to see my “no.1 recommendation” for making money online then go ahead and check it out at the link below. What you’re about to see is a 100% free training that shares the exact system I personally used to generate over $120k in my first 6 months:
It may surprise you how quickly you can accumulate a million dollars. Use this calculator to determine the annual amount you would have to set aside each year to reach a million dollars and reach your goal to be a millionaire.
If you get a policy, most financial advisers recommend buying it in your fifties or early sixties, before you develop medical conditions that will make you ineligible for preferred health discounts. Look for a policy that covers home care, an assisted-living facility and a nursing home. For a 60-year-old couple, annual premiums for a policy with a three-year benefit period and a 90-day deductible range from $2,985 to $4,190, according to the American Association for Long-Term Care Insurance (see Make Long-Term-Care Coverage Affordable).
If you are a professional photographer, or have a real flair for photography, then selling your images on other sites could be an idea. This could be done alongside your own photography site, as it is a good way help get your work viewed by a wider audience. There are numerous stock image websites to contribute to, but choosing a popular high-end site like Shutterstock should ensure your photographs make you some money.
So, the first thing I had to do was recognize an incredibly harsh truth. I had to recognize the fact my father was giving me bad advice. He loved me, but that doesn’t mean he was in a position to help me manage my money.
There are a fair number of researchers that have studied millionaires and most of their research pretty bluntly suggests that those who have a mindset geared to instant gratification are extremely unlikely to ever really accumulate much wealth — 3 Million Shots to Success
Plus, putting money aside will help you resist the urge to splurge, says Tim Steffen, director of financial planning for Baird’s Private Wealth Management group. Otherwise, says Steffen, “you take a trip and buy a car and the next thing you know, $100,000 is gone.” Putting your windfall on ice will also help you avoid the temptation to start a business without a solid plan or invest in your brother-in-law’s llama farm.