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Dedicated To The Aspiring Millionaire
"It is a kind of spiritual snobbery that makes people think they can be happy without money." Albert Camus
"Money can say more in one moment than the most eloquent lover can in years." Henry Fielding
"I've been rich and I've been poor. Believe me, rich is better." Sophie Tucker
Most people dream of becoming rich, contemplating the rewards money brings in terms of: Material things - a better house, luxury car, fantastic holidays, beautiful clothes, even a choice of partner and friends.
Improved standard of living - have the things only money can buy, like better food, reliable health care, the best education for your children.
Personal things like self-confidence, power, respect - money opens the door to all of these things. And so much more.
Anyone Can Do It
Most people fall into three main categories:
1) The poor. People who will probably stay that way for life.
Some have little option, mainly because they are unable to help themselves. Here we find people in immensely poor countries and others with physical and mental disabilities which restrict their abilities to climb above their station.
Then there are those who think the world owes them a living, people who are content to remain on Social Security because they lack ambition and determination to change their lives for the better. In this category we also find employees on low, low wages who are content with their lot in life. They'll never be rich, but they are not unhappy either, so their situation is commendable, if not also sad.
2) High-income earners whose spending patterns go through the roof.
As income increases, so does spending, with debts mounting quickly. This group of people are those with the highest chance of becoming independently wealthy, whose chances are currently thrown away along with their hard-earned cash.
3) Independent individuals who know what they want out of life and who set out to achieve their goals.
Saving and investment is a natural extension of their lives. These are the people most likely to succeed. And fast. For them everything seems so easy and cash appears to come to them in quick and effortless manner. For proof of how quickly goals can be turned into millionaire fortunes, read 'The Lazy Man's Way To Riches' by Joe Karbo, a wonderful book which is referred to throughout this book.
This book is targeted at people who can do something to improve their station, namely groups two and three.
MONEY GOES TO MONEY
You need money to start making money. Right? Wrong, you don't need money of your own to become very rich, very soon. A great many self-made millionaires used other people's money to make their own. For example, Motorola was started in Chicago in 1929 by the Galvin Brothers who started with a $500 bank loan. And a man called Fuller started the Fuller Brush Company with $65 borrowed from the bank. Even hugely successful Macy's Department Store started with $50 borrowed money. Colonel Sanders was bankrupt at the time he started Kentucky Fried Chicken and he lived and worked on state handouts as he peddled his idea round the nation looking for someone to back his novel idea for cooking chicken. And 'Reader's Digest' was started on $600 invested by a man called Wallace.
BOOK REVIEW: Why Some People Succeed and Others Fail
Tyler Hicks is the author of numerous 'how to make money fast' books including one you'll see advertised regularly in countless British opportunity seekers' magazines. In the book he considers why some people fail to get rich and others seem to head straight for where the money is. He says: "When we read letters from readers who've hit the big money, we often wonder why some people make it faster than others. Surely, it can't all be luck. Thinking about this difference in speed of hitting the big money - often just a few months vs. a few years - we've found the following often come into play:
1) The person who hits it bigger faster often has a greater need for the money than one who gets there more slowly. 2) The person who hits it bigger faster often knows what type of business he is interested in going into. 3) The person who hits it bigger faster often follows some kind of money-making plan. 4) The person who hits it bigger faster often seems unafraid - he just pushes ahead until he gets what he wants. 5) The person who hits it bigger faster often uses unusual methods (Hicks talks about methods used in his book, including taking over property and going concerns with no money down). 6) The person who hits it bigger faster is always thinking of how he can earn bigger money - he's idea-minded. 7) The person who hits it bigger faster is always on the lookout for new, better methods to make big money."
Brad Richdale is another marketing expert who says much the same thing and even holds seminars to show others how to emulate his own enormous wealth. A promotional piece on the Internet, talks about Richdale's views, mainly about the direct marketing business, but revealing many other principles of how the man thinks, too. Listen to this: "So, why do some people always succeed in making money while others consistently fail? .... Brad believes that most business people fail because they don't know how to sell what they want to sell or they figure it out and get sick of what they're doing because it doesn't work unless they're at their business daily. ..... Most people don't understand that the most lucrative investment in the world is marketing dollars. ..... Allow me to illustrate what I mean, if you invest in stock, or foreign currency, or any high yield investment at all, it's hard to produce earnings of twenty or thirty per cent a month, even a year. In marketing, a return of twenty to thirty per cent profit on your money every week is very common. ..... But how do you achieve those returns is the real question, isn't it? ..... You can actually control your return on your dollars invested. All it takes is developing one campaign that works and then multiplying your efforts into more profitable sources. .....What's fascinating is that you can do this modestly. Beginning with little or no money, you can see the returns before investing more." Further information about the Richdale series of seminars is available from e-mail address: richdale@imall.com.
What Does It Take To Be Wealthy?
"You'll never get rich working for someone else." Paul Getty
Of course, some people do become very wealthy working for others but they are in the minority. The overwhelming majority of wealth-creators achieve their money through their own efforts, in a business of their own. From the top:
You must be in a business of your own. You must have experience of your business before, during and after it is established. And you must keep on learning all you can about your chosen venture. You must save as much money as you can in both your private and entrepreneurial capacity. You must take risks, with our own money and using the OPM (Other People's Money) technique. You must view tension, stress and problems as integral to your business dealings. Be like other successful people who welcome problems, viewing them as opportunities to learn and grow in skills needed for the wealth-creation process. Wealth must be viewed as a bi-product of the business, not the reason you are in business. This was the stance taken by most of the world's most successful entrepreneurs, like Conrad Hilton, Hoichiro Honda and Henry Ford.
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