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3 rules to create the ideal financial future.

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Is your millionaire life waiting?

Is your millionaire life waiting?

3 rules to create the ideal financial future.

By Douglas Vermeeren

Being poor sucks.  When you are broke your choices are severely limited. When you don’t have enough money your life experience is one of want and need, instead of enjoy and participate. I have been in that position and like I said at the beginning, “being poor sucks.”

It’s no mystery that life is easier when you have the financial power that you need to explore beyond your obligations to find your dreams.

As I have made my fortune and have rubbed shoulders with some of the wealthiest people on the planet I have learned a thing or two about creating wealth that I want to share with you here. In fact, I want to share what I believe to be three of the most powerful ingredients to changing any financial situation immediately.

1)Focus on what you want

The first key to changing your financial situation is to begin to focus on what you want. When we see better possibilities ahead our mind automatically begins to create pathways to find that future. Too often those in poverty situations can’t see a different future than the one they are currently experiencing, so nothing changes.

What we focus on is what we get. Too often those in poverty circumstances are so busy worrying about the next bill and the debts that are surrounding them that they can’t recognize the escape routes.  No matter how difficult your situation is there are always escape routes and life-lines.

Why don’t people shift focus? There are many reasons, but I think the most difficult to escape is being too comfortable.

In fact, if we are comfortable in the negative situations our mind will look for ways to continue creating those exact situations we are most comfortable with.

Great wealth is rarely created by staying comfortable. Building wealth requires us to take a leap of faith into a new future we have never experienced before. The shift from poverty to abundance is more than just a mindset. It requires a whole new set of habits as well. If you aren’t focused and dedicated to making the shift you may get motivated temporarily, but you won’t have to power to make lasting change. Stay focused and realize it will not be an easy shift.

  1. Spend properly

It  has been said that people are broke because of two things, either they spend too much or they don’t make enough.  I would like to suggest that the real reason is actually limited to their spending. If we spend in the right ways and the right places our purchases can help us make the money we need. The problem is that most people don’t think enough about their spending habits.

Most North Americans spend close to 96% of their income on purchases that depreciate or things that do provide positive cash flow. While this may seem harsh most wealthy people do not spend over 50% of their income on purchases tat appreciate either. But they do spend more on appreciative purchases than those in poverty. On average they spend between 5 – 10% more. 5 -10% that’s not a lot! But it is not always by big sweeping moves that people become wealthy. In fact, more often it is in the small little things where all the difference is made.

In one of my seminars a man accepted a challenge to simple cut out his fast food expenditures each month and put that money towards an investment instead. At the end of six months he reported that just that act alone put a little over $58,000 into his pocket.   You’re probably thinking he was sure eating a lot of fast food. By some standards maybe he was – but what could you cut out or slow down on that would provide you extra money to get working for you in an investment.

Most people do not realize that to make a Million dollars in a year you only need to generate $2,739 a day. (That’s $114 an hour and $1.90 a minute for those keeping track.) So how can you spend a little bit of your income now to slowly start create other streams of income that will contribute to that daily amount?

The wealth understand that having their money work for them in this manner is what makes a person rich.

3)Take a look at what you have to work with

A common excuse that we were in our seminars is that people think they either have no resources to get started making money. Perhaps this comes from the oft repeated idea that ‘it takes money to make money.’ Nothing could be further from the truth.

To make money requires resourcefulness, not resources. When you have great ideas money will find you. In addition, there are a lot incredible ways to generate funds that can begin with exactly what you have and exactly where you are right now.

To get started take an inventory of everything that you have that can be turned into value.

 

Skills and Passions

Your skills and passions can be a tremendous source of income. There are currently formal school diplomas available for your life experience. Yet too often when it comes to earning extra money we neglect to think of the experiences and skills our life experience has given us.

Networks

Even the contacts and people within your network can be a great asset. A Russian proverb states, “It is better to have a 1000 friends than a 1000 Rubles.” A great deal of money can be made through the cooperation of people in your network and your network will grow to include people that have additional skills to help you.

Other sources of Money / OPM

One of the most value lessons that I learned early on in constructing real estate deals, funding massive venture capital projects or even lending money to others is that there is no rule that says you have to use your own money. There are many places to find money to do these kinds of deals (and I’m not talking about the banks.) Many of the deals I am currently involved in are very seldom funded with my own resources.

OPM stands for Other Peoples Money. There are many people that will gladly bring their money to deals if they can find a benefit for them. Surprisingly, the benefits are not always what you’d think. I have found money from people because they wanted to take advantage of a tax situation, wanted to be recognized as a part owner, or even wanted to have a building named after them.  There are endless motives.

The bottom line is that you don’t have to be poor. You get to choose what your financial future looks like. If you feel like now is the time to change your situation drop us an email and I’ll send you a Free report on how you can grow your wealth exponentially with the millionaire rules.  Send your request directly to my assistant Rachel and make the Subject line Millionaire Rules.

I look forward to hearing from you,

Douglas Vermeeren

Douglas Vermeeren is the author of Millionaire Wisdom.

 

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