Showing posts with label Personal Finance. Show all posts
Showing posts with label Personal Finance. Show all posts

Tuesday, May 31, 2016

Three Simple (But Not) Easy Steps to Becoming a Millionaire

Three Simple (But Not) Easy Steps to Becoming a Millionaire

by Brandon Turner


True or false: running a marathon is simple?
False.
It’s not easy — but it’s definitely simple.
There is a monumental difference between simple and easy. Simple means there are relatively few (or no) complicated steps needed to accomplish a task, whereas easy implies the task doesn’t require much effort.
Running a marathon is simple: Just keep putting one foot in front of the other. Staying up for 60 hours straight is also simple: Keep your eyes open.
Holding your breathe for five minutes underwater is likewise simple: Just sit at the bottom of the pool and don’t breathe. These are all simple tasks, but not easy ones.
Another task that is simple but not easy is becoming a millionaire.
That’s right; becoming rich is not complicated, despite what people tend to think. Because wealth-building is not an accident, but an action.
I recently published the most in-depth article I’ve ever written, titled “How to Become a Millionaire”, and in it, I argued that becoming a millionaire is not easy but it is simple. In fact, it takes just three steps.
1. You must believe wealth is actually possible for you. 
The primary reason people do not become wealthy today is plain and simple: they do not believe it is possible.
Perhaps they have not uttered those words out loud, but deep in their soul they believe that becoming rich is not in their cards.
In the personal development space, this is known as a “limiting belief.” In other words, it’s an opinion you have of yourself that your mind and body will not allow you to get past.
  • If you believe you are a bad chess player, you will lose nearly every time.
  • If you believe you are bad at running, you’ll never run a marathon.
  • If you believe you can not (or should not) be a millionaire, you’ll never experience financial wealth.
Therefore, the first (and perhaps most important) step in becoming a millionaire is to believe that wealth is possible for you.
Becoming a millionaire has nothing to do with your background, your family, your age, your skin color, your intelligence, your location, or any other excuse you might have for not building wealth. Becoming a millionaire is not something that happens to you — it’s something you make happen.
If you know how it’s done. Which brings us to step number two, because belief alone is not enough.
2. You must learn how wealth is built.
Building wealth is not a mystery. It’s not something you stumble into. It’s not something you find.
Instead, wealth building is a process that can be studied, learned, and mastered.
This is why you’ll often hear highly successful people say, “The first million is the hardest.” Like riding a bike, once you learn it, you can repeat it over and over for the rest of your life.
Of course, there are a LOT of ways to build wealth and they generally fall into one of three buckets: personal finance, business, and real estate. There are millions of examples in each of those three buckets where people have risen from nothing to become millionaires. Personally, I used all three to acheive a million dollars in net worth, but you might only choose one or two. The point is — pick a bucket that works for you and learn how it is done.
There are a lot of ways to learn how to build wealth from one of these fields, including:
  • books
  • podcasts
  • seminars
  • blog posts
  • mentors
  • webinars
  • courses
  • audio programs
  • and more
Each of these methods differ in the presentation, but they all have two things in common:
  1. They help you get inside the mind of someone who has already acheived what you are trying to achieve
  2. They all have the need for YOU to take the action. No one is going to do the learning for you.
Once you have step number one mastered (you believe that wealth is possible for you) and you’ve done your homework on step number two (learning how wealth is built), it’s time to move onto the third and final step in becoming a millionaire.
3. You must take daily action 
Let’s pretend for a moment you are baking a pie.
You might have the belief that you can bake that pie.
You might have the recipe for baking that pie.
But let’s be honest: The pie is not going to bake itself. You need to get in the kitchen and start cooking.
The same is true for becoming a millionaire. You can believe you can build wealth and learn the steps to do so — but still fail if you don’t take action.
Action will always be the final key to success. Without it, you have nothing. No one is going to give you a million dollars, no matter how smart, talented, or lucky you are. You have to get out there and work for it.
Specifically, this means taking daily action.
A lot of people believe that the secret to success is found in “big events” — the lottery, a big business sale, the purchase of an apartment complex — but in reality, it’s found in daily tasks that are combined together to create that big event.
For example, I didn’t become a millionaire overnight. I spent a decade building up my rental portfolio, climbing in attics, crawling under houses, doing math, reading books, taking experienced investors out to lunch, and in every other way mastering the vehicles I chose to take me from poverty to wealth.
Little by little, every day, action becomes progress, and progress turns to results.
—————
Becoming a millionaire is not rocket science, but it’s not going to happen to just everyone. You have to believe in your heart that it’s possible, get the recipe for success, and work until you’ve achieved it.
If you found this post helpful, I’d only ask one thing: please share it on your favorite social media channel. Let your family and friends know that wealth is not an accident, it’s an action.

Source: http://www.huffingtonpost.com/brandon-turner/three-simple-but-not-easy_b_10150844.html


Emmanuel Ayeni
Lifecoach, Engineer and Entrepreneur 
www.emmanuelayeni.com

*Let's keep in touch!Receive great stuff in your mail when you Subscribe to my newsletter https://bit.ly/risetogreatness

*To Receive daily motivation tips for FREE on your mobile Buzz me  (WhatsApp +2347033875827)
BBpin: 5C365BD8

PS: There's a new WhatsApp group I am starting, a MillionaireMastermind to help more people on their journey to financial freedom. I am making the first edition FREE of any charge, get in now,limited space available. This is just for 20 high value people, if you are interested please s,end a WhatsApp message to +2347033875827

Be Motivated and Inspired!


#FinancialMastery 
#BecomeAMillionaire
#WhowantsToBeAMillionaire
#MillionaireMasterclass
#MillionaireMastery
#MillionaireMastermind
#MillionaireObsession
#MillionaireMasterysession
#MillionaireSeminars




Friday, February 20, 2015

7 facts you need to Know about Money Mastery









7 facts you need to Know about Money Mastery.




1.Money Mastery isn’t taught in Schools.
No traditional school teaches you about money with regards to Wealth creation, Wealth Multiplication and Wealth management. This is why you need to take concerted effort at investing in your own financial Education.
Financial Intelligence is the key to the vehicle of financial Independence. You raise your earnings by raising your learning with regards to Financial Education.

2.Money Answers to Action
It’s not what you know about money, but what you do with what you know that really matter on your way to hitting it big!
Wake up and see for yourself how much your knowledge has helped you, until you have taken necessary action in certain direction.
You have to do something about your money situation other than worrying to really make any significant headway.

3.Money has got no emotions
You see, money doesn’t respect age, the market place doesn’t care who you are or how old you are. That is why you have teen millionaires and as well as old millionaires, the same is true for the young and old broke people. Money doesn’t come to you by crying about it, this is why you see great investors get over their emotions while investing. The two emotions you will usually need to get past when it comes to money are the emotions of greed and fear.

4. Money Answers to Value
The iron filings will always flow in the direction of pull of the magnetic force. Simply also, money also answers in the direction of value, no matter who provides the value. Money is always a measure of value. Your value addition either solves a problem or creates a solution. If you want more money then learn to add more value by becoming a person of value.

5. Personal Mastery is Vital to Money Mastery
I am always of the belief that Personal Mastery is a prerequisite to money mastery. By developing yourself to a point of excellence especially in line with your financial goals, you become someone who adds value and in turn attracts money and even more money to yourself.


6. Money Mastery is raising your consciousness about money
To gain mastery of money you need to raise your consciousness or financial IQ, especially creasing your knowledge about generating, creating, multiplication, and managing of money. I always believe that what you don’t know can hurt you, but what you know and act on, can change your life in more ways than one, this is why you must invest in your own financial education. You might need to start reading books on investing, pay attention to business news, personal finance blogs or magazines, joining investment groups and so forth.

7. Money is not scarce
There is no scarcity of money. As a matter of fact, there is no justification whatsoever to prove the scarcity of money, instead, there is abundance. You will see that we have enough money to move around in the world. Money exists in abundance, but it only flows to people who understand certain laws regarding how it’s acquired. The earlier you start seeing things from this perspective, the better.

To your Financial Freedom,

Emmanuel Ayeni

Your Billion-dollar friend


Join myself and our team at Avenues to Wealth as we work closely with 20 people who are ready to increase their financial intelligence, make extra monthly income of about $1000 or more, secure your space at the link. http://bit.ly/VqbOgh




EMMANDUS Networks, Nigeria
www.emmanuelayeni.com
Twitter: @emmandus
Youtube: www.youtube.com/user/emmandus



ADVERTS

  • Up for grabs Over 500 books on Wealth Creation, Internet Marketing and Network Marketing. Call 07033875827 to lock down your slot.
  • To make bookings for Emmanuel Ayeni to speak at your Seminar, Conference or event kindly call 07033875827



OWN YOUR LIFE AND CREATE YOUR DREAM LIFESTYLE


Are you interested in making extra passive and active income?
Do you want to learn how to live your dreams and generate multiple streams of income by investing little of your time ..Proceed! to the link www.creatingwealth.co/lcp1/emmandus



Emmanuel Oluwadunsin Ayeni's Expert Author Email Alerts

Sign up to receive email alerts of Emmanuel Oluwadunsin Ayeni's latest articles from EzineArticles.com!

Email Address:  


EzineArticles.com

Link Building/

Friday, August 29, 2014

The Seven Baby Steps to Begin your journey to financial peace







DAY 18 of 30



Today's post is a guest post. I have chosen to share an interesting article from an infographic / article I read online by Dave Ramsey. Dave has developed the Baby Steps over years of counseling one-on-one, in small group discussions, with real-world live in Financial circles.MOre of the steps can be read at Dave's web page www.daveramsey.com
Enjoy the concise article



Baby Step 1

$1,000 to start an Emergency Fund

An emergency fund is for those unexpected events in life that you can’t plan for: the loss of a job, an unexpected pregnancy, a faulty car transmission, and the list goes on and on. It’s not a matter of if these events will happen; it’s simply a matter of when they will happen. Learn more

Baby Step 2

Pay off all debt using the Debt Snowball

List your debts, excluding the house, in order. The smallest balance should be your number one priority. Don’t worry about interest rates unless two debts have similar payoffs. If that’s the case, then list the higher interest rate debt first. Learn more

Baby Step 3

3 to 6 months of expenses in savings

Once you complete the first two baby steps, you will have built serious momentum. But don’t start throwing all your “extra” money into investments quite yet. It’s time to build your full emergency fund. Learn more

Baby Step 4

Invest 15% of household income into Roth IRAs and pre-tax retirement

When you reach this step, you’ll have no payments—except the house—and a fully funded emergency fund. Now it’s time to get serious about building wealth. Learn more

Baby Step 5

College funding for children

By this point, you should have already started Baby Step 4—investing 15% of your income—before saving for college. Whether you are saving for you or your child to go to college, you need to start now. Learn more

Baby Step 6

Pay off home early

Now it’s time to begin chunking all of your extra money toward the mortgage. You are getting closer to realizing the dream of a life with no house payments. Learn more

Baby Step 7

Build wealth and give!

It’s time to build wealth and give like never before. Leave an inheritance for future generations, and bless others now with your excess. It's really the only way to live! Learn more


ABOUT DAVE

David L. "Dave" Ramsey III (born September 3, 1960) is an American financial author, radio host, television personality, and motivational speaker. His show and writings strongly focus on encouraging people to get out of debt.

Ramsey's syndicated radio program, The Dave Ramsey Show, is heard on more than 500 radio stations throughout the United States and Canada, in podcast format, on IHeartRadio, a dedicated iOS application, as well as live audio and video on DaveRamsey.com.[1][2] He has written numerous books including five New York Times bestsellers. His books and broadcasts often feature a Christian perspective that reflects Ramsey's religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year.[3]



cheers!

(c)August 2014, Emmanuel Ayeni



Join myself and our team at Avenues to Wealth as we work closely with 20 people who are ready to increase their financial intelligence, make extra monthly income of about $1000 or more, secure your space at the link. http://bit.ly/VqbOgh




EMMANDUS Networks, Nigeria
www.emmanuelayeni.com
Twitter: @emmandus
Youtube: www.youtube.com/user/emmandus



ADVERTS

  • Up for grabs Over 500 books on Wealth Creation, Internet Marketing and Network Marketing. Call 07033875827 to lock down your slot.
  • To make bookings for Emmanuel Ayeni to speak at your Seminar, Conference or event kindly call 07033875827



OWN YOUR LIFE AND CREATE YOUR DREAM LIFESYLE


Are you interested in making extra passive and active income?
Do you want to learn how to live your dreams and generate multiple streams of income by investing little of your time ..Proceed! to the link www.creatingwealth.co/lcp1/emmandus



Emmanuel Oluwadunsin Ayeni's Expert Author Email Alerts

Sign up to receive email alerts of Emmanuel Oluwadunsin Ayeni's latest articles from EzineArticles.com!

Email Address:  


EzineArticles.com

Link Building/

Thursday, May 22, 2014

MONEY TALK!


MONEY TALK
I have decided to break the ice and speak (or, write, rather) about the subject of money. Based on feed backs and different comments I have received recently, so this week I will do a series around that. Today I will talk on some ground topics or make a foundation for our discussion. I am not yet the 'guru' on the subject of money,Yeah I am still on my journey to financial freedom, however as a student of wealth creation through the school of involvement I have some invaluable tips to share.

MONEY 101!
What is Money?
It is that basic, we all live our lives around money and I believe 90 if not 100% of our lives revolve around money but our educational institutions most times did little or nothing to prepare us for this. We should therefore first ponder on how much of the concept of money we understand.I will make some bold attempts to explain some basic concepts.

To start with, Money is a medium of Exchange: In a value system you exchange money for a service or product of value. That is why at the back of a dollar bill you will find a line of information ' This note is legal tender'. Money is any document that has legal backing as a legal tender in a value system.So simply put money is anything you can exchange for value.

Money is an idea
I also believe the concept of Money as an idea, as opined by Robert Kiyosaki. This means money is really an idea, it evolves from and is really an idea. The concept of money is an idea that defines the reward system for certain value and thus becomes a standard in a specific community, society or in a given economy. I believe these two explanation will suffice for a good definition of money outside an Economics class.

Two types of income
There are majorly two types of income or earnings i.e passive and active income..
Passive income is money you do not work for usually with your time,energy or physical efforts to receive it. It is money you earn whether you work or not.
Active income: Active income is the money you have to show up to earn,To earn this kind of income you will be actively engaged or involved . You have to spend your time or energy to earn an active income.
These I believe will set the new pace for our next discussion on Ways of Making money.

Your billion-dollar Friend,

Emmanuel Ayeni
EMMANDUS Networks Nigeria
www.emmanuelayeni.com
Twitter: @emmandus
Youtube: www.youtube.com/user/emmandus




BOOK OF THE WEEK
FINANCIAl H.E.L.P .. Download PDF now


ADVERTS

  • Up for grabs Over 500 books on Wealth Creation, Internet Marketing and Network Marketing. Call 07033875827 to lock down your slot.


  • The search for your next Compere or Master of Ceremonies stops here  Call 07033875827 for booking or enquiries




OWN YOUR LIFE AND CREATE YOUR DREAM LIFESYLE


Are you interested in making extra passive and active income?
Do you want to learn how to live your dreams and generate multiple streams of income by investing little of your time ..Proceed! to the link www.creatingwealth.co/lcp1/emmandus
 


Emmanuel Oluwadunsin Ayeni's Expert Author Email Alerts


Sign up to receive email alerts of Emmanuel Oluwadunsin Ayeni's latest articles from EzineArticles.com!


Email Address:  



EzineArticles.com