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Wealth Creating System Step 6 - Mastering Your Money
| Guest post by: Gary Baker |
Article Overview: Welcome back to the 6th step of my Wealth Creating System - Mastering Your Money (please read the previous 5 steps first) You have what it takes to add massive value to the world - and to make money for yourself. The key is to identify your expertise, maximise its worth, and invest the proceeds. So would you like to double your money, starting today? Let's begin exploring your hidden wealth (those ideas and resources that are already available to you but up until now you haven't thought of as "money makers") with this simple exercise . . .
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Free Download - Writing and Publishing eBooks Made Easy #14 - Your Sales Page and eBook Cover By Gary Baker |
Wealth Creating System Step 6 - Mastering Your Money
Welcome back to the6th step in my Wealth Creating System - Mastering Your Money (please read the previous 5 steps first) You have what it takes to add massive value to the world - and to make money for yourself. The key is to identify your expertise, maximise its worth, and invest the proceeds. So would you like to double your money, starting today? Let's begin exploring your hidden wealth (those ideas and resources that are already available to you but up until now you haven't thought of as "money makers") with this simple exercise . . .
Your Hidden Wealth
If you woke up one morning in a place where you knew no one, with £100 in your pocket, how long would it take you to double your money, and how would you do it? To help you in exploring this further, think through your answers to the following questions:
-- What are you an expert at? What do you know (or would enjoy knowing) more about than others?
-- What are your skills and abilities? What do you do (or could you do) better than most people?
-- What have you accomplished in your life that other people respect or admire you for?
-- What things do you have that other people would love to have?
-- What do you currently do for free that people will pay you for?
Once you've doubled your money, how long would it take you to double it again (ie, from £200 to £400)? How would you do that? The more often you do this exercise, the less dependent you will become on money as the source of your wealth. Here are some examples from entrepreneurs:
Examples from Entrepreneurs
Peter Jones said that he would find products that he could buy and then sell them like a street trader. It wouldn't matter what the products were, because he'd be doing it to accumulate enough money to invest in other things that he could be more passionate about and that would have uniqueness, and greater scope and impact.
The young property magnate Nick Candy's answer was extremely bold. He said that he would find the richest entrepreneur in town and say to him: "Invest £1 million in me and I will give you a 20 per cent return within a year."
Capacity to Create Wealth
The point of the exercise is to demonstrate that we all have the capacity to create money using nothing but the ideas in our heads and the skills in our personal arsenal. This is one of the most important ideas you will learn on your path to riches: You are your own money!
When you really realise this, you will never have to worry about "not having enough in the bank to be safe". Your true riches don't lie inside a bank, but rather live freely inside your mind. Have a fantastic day and come back soon for the 7th step in my Wealth Creating System - Grow Rich While You Sleep and please feel free to leave a comment and pass this on to others.
Mastering The Secret and Create Success!
Wealth Creation From Home Using Powerful Leverage
Does Your Job Have Your Head Spinning?! Create Wealth From Home Using a Proven, Powerful Internet System
Wealth Creating System Step 3 – The Meaning of Money
Creating Wealth - Use Your Creative Resources
Wealth Creating System Step 1 – How to Think and Grow Rich
Wealth Creating System Step 2 – Understand Your Mind
Wealth Creating System Step 4 - Financial Awareness
Wealth Creating System Step 5 - Finding Your Vision
Wealth Creation
Wealth Creating System Step 10 - Wealth Creation Secrets
Wealth Creating System Step 9 - Visualising Your Future
Lag Time
The 4 Simple Secrets For Creating True Wealth
The 4 Simple Secrets to Creating True Wealth
Wealth Creating System Step 7 - Grow Rich While You Sleep
Doesn't everyone want to be rich?
Establish Your Millionaire Mindset To Think Like The Wealthy
Your Belief System is Why Money is Hard to Get
“Profits Are Better Than Wages.”
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About the Author: Gary Baker RSS for Gary's articles - Visit Gary's website I'm an Aerospace Engineering graduate with over 10 years experience who retrained as an Inbound Marketing Certified Professional and now owns and manages part-time an online marketing business that specialises in building websites, SEO, PPC and Facebook fan pages, viral applications and contests. So if you'd like a FREE, no obligation consultation, quotation or review please feel to contact me HERE. I'm also on the Executive Board of a global brand that gives away free products and services and shares great daily deals. So if you'd like to join our team as a Social Affiliate Marketer or advertise your products, services or daily deals to our millions of members around the world for FREE please don't hesitate to get in touch HERE. Click here to visit Gary's website   10 Secret Steps to Wealth and 1 Easy Way To Become an Expert |
Related Forum Posts
Re: Your choice between...
- I will take the $100,000 and double it on it becomes millions before I spend it. Though I am crazy about information, yet I would rather take the money and turn it into a million before I spend a dime out of it. I will do it in 4 steps.
Step 1 turn $100,000 to $200,000
Step 2 turn $200,000 to $400,000
Step 3 turn $400,000 to $800,000
Step 4 turn $800,000 to $1600,000.
After getting the goal of step 4, I will spend the $600,000 on myself then continue to double the millions again. I could then by the book for $1,000,000
Step by step approach
- Here's what I would do;
Step 1 - Observe Wal-Mart’s target customers, what does Wal-Mart offer them? How long do they stay? Discover what it is that they might want or need that Wal-Mart doesn't offer, and then write those ideas down. Some ideas to get you started are - A cafe or fast food venue, something for the kids to do while the parents shop, etc
Step 2 - Take that list, and weigh up the pros and cons of each idea, and then select the best one for you. Don't worry about not using all the space.
Step 3 - Start the best business for you, and then release the other ideas to the general market and sublet the rest of the space to those who could fill some of the niches you've come up with, plus any they can come up with. If money isn't a factor then developing the building to suit multiple small leases may be a better option, as it's a diversified income, which is potentially more stable than one big income stream.
Need a book recommendation for writing better
- I'm always looking for ways to improve my writing skills, so I was just wondering if anyone could recommend a good copywriting or copyediting book?
I was actually thinking of reading "The Copywriter's Handbook : A Step-by-Step Guide to Writing Copy That Sells" by Robert W Bly [u:w3cg00nn]OR[/u:w3cg00nn] "The Copyeditor's Handbook: A Guide for Book Publishing and Corporate Communications" by Amy Einsohn. Would anyone know if these books are any good?
Thanks
Re: Video conference system for families living in different cou
- 1) How much will someone pay for the service?
2.1) What costs are involved on the business end?
2.2) What percent on top of that do you think you deserve as profit?
3) How many people will sign up for the service?
These three will give you a rough estimate of the value of your idea.
use the equation below with respect to the questions above to figure out the value of your idea.
((1 - (2.1 + 2.2)) X 3)
You have alread identified major problems for your idea -- you have competition that is free! Computers are easy to hook to televisions, and it is becoming easier at very fast rate.
(For free stuff other than skype, look up NetMeeting if you have Windows XP.)
The video conferencing systems do a poor job of creating the feel of a physical presence.
Even high dollar systems with dedicated internet bandwidth and extremely nice tracking video cameras do a poor job, especially for long distance runs. I have the experienced the disappointing performance of some of these systems on our campus.
Video can not recreate the connection felt when in the same room with another person.
Step 1, Quickly and roughly calculate the cost of the system you propose.
Step 2, Compare that with what you think someone will pay and the cost of your current compeition.
Step 3, Go / No-Go.
Book: The System
- [quote:3e8ncw28]What was the name of that book -- the high finance murder mystery?[/quote:3e8ncw28]
Sorry for the delay in answering this question.
The book is:
The System: A Story of Intrigue and Market Domination
Terry Waghorn
Perseus Piblishing
2002
Jacket description:
In a world where competitive advantage is temporary at best - and illusory at worst - there is nothing more important to the business enterprise than creating a robust strategy and executing it with Steve. In The System, Terry WAghorn illustrates this universal theme through an action-packed adventure.
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