Tips for Stress free life > Expert Zone > Wealth Building
Wealth Building Tips by experts
|
| |
|
| |
|
|
Tips for Stress free life > Expert Zone > Wealth Building Wealth Building Tips by experts |
|
|
|
|
One Pipeline Is Worth A Thousand Paychecks
It is with great pleasure of having you here at this hour. Let me get it straight and be honest with you at the very outset. First of all, I'm not going to sell you anything here. And second of all, if you are hoping that you could learn some tricks to earn Quick & easy Money, you are definitely in a wrong place. What I'm offering you are some personal story and lesson which I hope you will find it useful and beneficial to your well-being - be it financially or spiritually. Below is an article which I wrote to an online magazine, some time ago. The response was phenomenal and overwhelming. I hope you will enjoy reading it. The Power of Dream Have you ever dreamed of being financially free seomeday ? Yes, let me repeat, FINANCIAL FREEDOM. I bet some of you do. However, I believe only a handful of you would actually commit yourselves into making your dream comes true. Instead of committing to pursue your dream, you would just sit back and do nothing about it. Am I right to say that most of you have no confidence of yourself , let alone your dream? "The future belongs to those who believe in the beauty of their dreams." - Eleanor Roosevelt Well, some people will doubt it and think that being financially free seems to be an impossible dream to attain. - Never ever doubt about yourself !- To have financial freedom is not impossible and is within your reach if you possess the fundamental understanding of how wealth is created and accumulated. By the same token, the depth of your financial knowledge and planning will determine your financial future whether you will retire broke, debt-ridden or leave a huge amount of wealth for your dependence. The choice is yours because you are the navigator of your own destiny. As Burke Hedges the author of the book The Parable of the Pipeline eloquently writes , " becoming a millionaire is a matter of choice, not chance ." How to Be Financially Free Most of you must have heard of people saying; you either be a professional or run your own business to earn BIG INCOME, right? It is true to a certain extent, however, a profession per se does not guarantee you a better financial future. Why? Because no matter how much you earn as an engineer, a manager, an accountant, an architect, etc. you will still depend on a paycheck or a fee for a living. Think about it, the moment when you stop working, your income will stop flowing in and the next thing you know, your bank-savings is drying up. Thus, being a professional with a big income is never going to make you financially comfortable. You will never make your family safe and secure. Burke Hedges calls this group of people a "bucket carrier". He writes, "as long as you carry buckets, you have to show up and do the work in order to get paid." Does it sound familiar to you? This is how the rat-race world works. Instead of working for the money as Robert T. Kiyosaki, the author of the best selling book Rich Dad and Poor Dad pointed out, "we should make the money work for us." What a brilliant saying! So how do we get out of this rat-race world? The answer is we need to start thinking on how to make the money work for us. Have you ever heard of the concept of leverage? It is a concept that is widely applied in all fields of work including the financial world. So what is it all about? What is leveraging? Leverage is a phenomenal concept that has been known to people throughout the ages. The root of the word leverage, lever is originated from an old French word that means, "to make lighter." Say, if we want to move an object, which is many times heavier than us, what do we do? That's right. We place a rigid bar on a pivot to lever it and the object becomes so light that even a child can lift it easily. "Give me a lever long enough and a fulcrum on which to place it, and I shall move the world." - Archimedes This is the power of leverage. In today's financial world, we apply the same principle of leverage to time and money, and the outcomes are exponential. Leverage allows people to work smarter, not harder, and it is the reason behind the creation of so many millionaires in the last century. Leverage: The Source of Residual Income Residual income, which is also known as passive or recurring income, is an income that will continuously generates inflow of money to us after the initial effort that we have put to work or money we have invested in an investment fund. Alternatively, if you are an inventor, your residual income will basically derived from the rights and patents of something you have invented and used by others. The same goes to an artist or a musician. Two Types Of Leveraging Leveraging Money Have you heard of Warren Buffet? Yes, the second richest man in the world and a legendary figure in the stock market that earn his living by leveraging other people's money and as result he made himself and his investors rich in the course. Check this out. One share of Buffet's Berkshire Hathaway stock was worth around $19 in the mid 60s and by the end of 1998, the value of that single share has shot up to $70,000. Say, if you have invested $ 10,000 back in 1965, your investment at the end of 1998 would have been worth a whopping $ 51 million. WOW ! That's unbelievable. The money was left to compound by itself as time went by. That's how money-leverager makes their millions. Nevertheless, most of these 'money-leveragers' would only get to see their wealth touches the million-dollar mark only after they have reached their 50s or 60s. Though it's a long wait before they could see the result, it is worth the wait anyhow. Wouldn't it be great to be a money-leverager? Ok, let's be honest to ourselves. Not everyone of us has the patience to wait, not to mention, some of us even find it hard to come up with the initial capital to invest. So, if we don't have the money, what do we have to leverage then? The answer is TIME ! Leveraging Time A day has 24 hours and all of us regardless whether we are rich or poor, have that same amount of time in a day. Time helps us to level the playing field. We can no longer give ourselves excuses not to be rich. We have been given an equal opportunity in this era where every one of us can have easy access to information and knowledge on wealth building. All we need to do is to leverage an iota of our leisure time and spend it wisely to build our pipeline that will continuously pay us day and night. Always remember - pipelines are no longer an affair of the rich. Pipeline belongs to people who believe they CAN do it. Why Leveraging Time Not Money? "Life is a waste of time; time is a waste of life; so why waste your time when you could be having the time of your life?" - Unknown Why leveraging time not money? Well, if you were a money leverager, you wouldn't be reading this article in the first place. You would probably talking to your broker looking for stocks to invest or busy looking for real estate properties to add to your investment portfolio. Right? So I believe you are here because you do not have enough financial means to leverage money to build pipelines of ongoing residual income. ( Admit it, I won't tell anyone. ) Up to this point, I hope you understand the difference between leveraging time and money. Let us put aside the latter and pay more attention on the concept of leveraging time as we have mentioned earlier that building pipelines through leveraging time is within everyone reach. In the next few years from now, believe it or not, many millionaires will be created through Internet marketing - either selling your own or other people's products. ( What if I could show you how to start an Internet Business in less than 24 hours, and see profits by next weekend - would you be excited? - keep reading if you want the answer) Internet marketing gives you the edge over other types of businesses because it is not limited by boundaries and physical limitations. It is accessible 24 hours a day and 7 days a week. Do you know that a recent report has shown that e-commerce revenue has trippled in the last 5 years ? And it has been forecasted that transaction from online buying would reach up to trillions dollars in the next 5 years. Ok, so much of the hype and yet you're still not convinced that people do make money via internet. Would you believe if I tell you that I could earn U$ 2K-3K a month for having only to spend 30 minutes a day online? Well, the rest of the day I spend on reading and working - yes, I still work because I "want to work" and not I "have to work". There's a big difference here. With some extra cash in hand, I invest some in stocks and Real-Estate. Well, as the saying goes, "Never put all eggs in one basket." Hey, why don't you go have a look at what I have on my websites? Please go to: ArchiQuotes.Info was started as a hobby. Like you perhaps, I did not know how to create website at first - it's not hard to learn though. Anyway, there are ways to earn some extra cash through internet. You don't have to create a website on your own. I can assure you that Donald Trump of the Apprentice reality show, knows nothing about computer-aided drawing (CAD) software and yet, still able to build a business empire related to buildings. The reason being, he has MONEY! Like I said earlier, you need to find something - a tool - to make the wheel cart moving. Once you've got it moving, it'll be so much easier to keep it going. That's physics - the law of inertia. YOU have to start the initial drive! What I'm going to share with you is something personal - You and Me. But first of all, I want to thank you so much for bothering to read so far. Words of Advice: if you are a type person who has no determination to succeed, please do not read further or attempt to try it. If you insist you want to try, good. Welcome to the BIG THINKER group. You will see result in less than a month provided that you put 101% effort in what you are doing. I owe much of my online success to one person that is, none other than the foremost online guru, Corey Rudl. I believe some of you must have heard his name or read his book. He is the Grand Strategist of all Internet Business and Internet Marketing. To win a war, you need to have strategies in place - echoing the wisdom of ancient Chinese sage, Sun-Tzu. Likewise, if you want to succed online, you need strategies. There's an old saying that say, "Don't Reinvent the Wheel." That's right. You are lucky because you don't have to start from scratch. Corey Rudl has put in place all the strategies for everyone who wish to earn some extra cash or - let me be a little bolder - earn a six figure income! If you are serious about going online to make some extra cash, look no further. Corey Rudl's is a proven internet marketer - he earns U$ 7.8 million a year. Is that convincing enough for you to start an online business? Perhaps, some of you will comprehend what I've written here and proceed to set your own financial goal. Others may just call it a quit before even trying it. Whichever path you decide, always bear in mind this saying by Napolean Hill, "winners never quit, and quitters never win." All success begin from a very small step of faith in yourself. Let me end by giving you an old chinese proverb, "A journey of a thousand miles, start with one steps." Believe me, one pipeline is worth a thousand paychecks. Start building one now. Copyright (c) 2004-2005 by EdChew. All rights reserved. The author authorizes you to post the above article on your Web Site or E-zine solely for personal and non-commercial use. A link to author's website http://www.archbrowser.com is very much appreciated.
MORE RESOURCES: See the complete list of Articles on Wealth Building here Have a look at Best Selling Books on Wealth Building
See also : Other articles on
Depression,
Grief Loss,
Happiness,
Humor,
Inspirational,
Motivation,
Why not be an expert yourself ? If you can write on
any of the above topic, you are welcome to submit your Submit
your article here |
 |
|
|
RELATED ARTICLES
Personal Budget Programs Do you have financial problems? Then a budget is the answer if you are tired of wondering where your income went. A budget is the answer, if you don't have savings. The One Important Secret of Making More Money Easily If you're reading this article, it means you are a person who wants to make more money in life.Who doesn't? Money is not everything in life, but it sure helps to decrease problems if it is used correctly. Wealth Creation - Opportunity When young men ask me how to succeed, I tell them, 'Don't spend money on yourself until you no longer need it to expand your business. Any young man willing to pay the price can rise to success. Super-charge Your Dream of Retiring Rich with the Roth 401K! This retirement account is so new and unique that you may not have heard of it. For additional reasons, I describe in my home study course, corporate insiders may not want to offer it to corporate employees. Does Money Grow On Trees? "Money Doesn't Grow On Trees."Some of us even believe it. Ben Franklin Didnt Quite Get it Right When Ben Franklin said "a penny saved is a penny earned", he didn't quite get it right. Actually, a penny saved is worth more than a penny earned. Real Estate Stories that Show You How! Let's begin easing you out of the pits. I mean, comfort zone! I'm going to slowly and methodically give you as many little sparks and insights to the relatively simple ways that ordinary people use real estate to achieve extraordinary results. Q and A: Financial Independence Tips For Women From Coni Cecil As a woman Netpreneur, I sat down via e-mail with article-announce regular contributor, Internet marketer and women's financial consultant Coni Cecil of www.cecilfreedom. 10 Wisdom-Based Wealth-Building Strategies "It's the business of your life?and you're the CEO!" Gala GormanImagine that you're Noah and God is telling you that you need to build the ark. You might suspect that Noah was a bit skeptical. Creating Money, Prosperity, and Abundance Now (Part 1) I have given many prosperity lectures over the years and, in light of the current massive restructuring of all world and financial systems, I feel that now is the time for all of us to review our beliefs and refocus on manifesting prosperity and abundance in our lives. I do "walk my talk" and so I would love to share my experiences and knowledge with you. Uncle Sams Snake Oild Uncle Sam and his band of merry-men, better known as Congress, have been pushing snake oil on the unsuspecting public in the form of retirement plans. But wait, isn't a pension plan one of the perks we look to when shopping for an employer? Well, not all pension planning is created equal and in most cases, quite disastrous. Do You Want Money? Let me ask you a very simple question. Do you want money? Of course you do!Everybody wants money. Are You Ready For Undesired Events? Planning for the undesired, accidents and possible unknowns in life. Recently, a remote friend of mine died during an accident. Turbocharged Financial Planning Financial planning is an ongoing process individuals and businesses should implement by organizing all aspects of their finances. This will assist in identifying financial goals, providing a comprehensive written Financial Plan, and implementing the plan in accordance with the objectives thatare most important to you. The Making Money Obsession - Discover The Real Truth In most societies, we are raised to believe in the myth that "it's spiritual to be poor". Or we use such phrases as "filthy rich", or "Money is the root of all evil". The PDQ? Factor It's the beginning of a brand new year: a time to set goals, make plans, and start afresh; a time to dream of making more money, having a more beautiful body, and experiencing more love. I can't help you with your body or your love life but I can show you some tools for making more money this year. Why do Some People Rake in the Dough while Others Spin Their Wheels to No Avail? Here's the truth: I have read hundreds and hundreds of books about personal finances, from the conventional world of financial planning, to the trendy how-to-get-rich programs to the New Age gurus of money.But here's what's missing from nearly all of them: VERY FEW of them even mention about our relationship with money. New Year Resolutions to a Better Financial Future There could not be a better time to mull over the changes needed in our life style than at the beginning of a New Year. This is also a good time to set yearly goals and make resolutions. Surefire Ways to Attain Moneymaking Success You have probably heard other people say that "Money isn't everything" or "Money can't buy happiness." They may beright in some aspects; but it's not just about the money. I Dont Need A Financial Coach To Help Me! You've been thinking that your financial life could probably be better, right? Maybe you think, "If I could just stick to a budget everything will be fine?", or how about "When I get that next raise or promotion, I'll have enough money to pay off my debts and save some money?" You may even be thinking,"I can do this on my own!"I hear these comments and more on a regular basis. I usually say, "Great! Can you think of any reasons your financial life isn't perfect right now?"It's really your "little voice" which is prompting you to say all these things! Your little voice has a job to do and that is to protect you from any change because it "knows" that change will be hard or scary or cause more work and it's just easier to keep things the way they've always been.
|
|
You are here |
|
| Wealth-building Tips Home | Wealth-building Tips -complete list | |
|
Main Home | | Meditation Corner | Expert Zone | |
|
|
|Health Tips | Workplace Tips | Soul Tips | |
|
|
| Recommend us | |
|
[About
us] [Contact] [Privacy
Policy]
Copyright 2006, Meditation
is Easy.com, All
rights reserved
