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Things I learned from a Billionaire that made me Rich

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How are you Spending your money?

Things I learned from a Billionaire that made me rich (Part 1)
By Douglas Vermeeren

Over the last decade I have had the opportunity to spend time with several millionaires and billionaires. As I made the movies The Opus, The Gratitude Experiment, The Treasure Map or doing research for some of my books I have had the opportunity to extensively grill these financial superstars about how they got to their financial independence. I have learned a lot. In fact, as I have applied many of the lessons that they have shared I have been able to create abundance and financial freedom in my own life.

Several of these lessons have made it into the projects as described above but of course how can you possibly share everything in one project? It’s impossible. Probably the most comprehensive outline of what I have learned so far was published in my book with Jay Conrad Levinson, Guerrilla Millionaire – Unlock the secrets of the self-made millionaire or in my Dummies book – Self-Made Millionaires for Dummies. However even those books are incomplete as there are many things which I learned and continue to learn from these mentors that shape my financial life regularly.

I guess that would be the one thing that we could talk about in this article: The importance of continual learning.

What you learn will always determine what you earn. The bottom line is that if you don’t understand principles about how to use and grow your money you can’t use that principle. I remember sitting once with Frank Maguire, who was one of the co-founders of FEDEX, in a shopping mall having an Orange Julius. As we sat there having a conversation he asked me an interesting question. His question: “What is the most expensive thing in the world?”

HIs answer, “Ignorance. Ignorance is the most expensive thing in the world. Because it costs you money, keeps you from making money and costs you time which is the most expensive thing because once its gone you can never get it back.”

If there is one thing that I have observed more than any other attribute among the wealthy is that it their desire to understand and learn everything they can about the issues they are involved in.

I once sat in Bill Farley’s living room and observed this situation first hand. For those who don’t know Bill he was the former CEO of Fruit of the Loom and at one time an owner of several other companies and brands that most people would know. Brands like Anaheim Citrus, Acme Boot Co., and at one time was a partial owner of the Chicago White Sox baseball team. So we were spending some time in his living room when his assistant along with a few team members came in to discuss a few pressing business issues.

They asked him a few questions which most people would have simply answered and moved on. But that’s not what he did. He took a moment and talked with the group gathering their thoughts, expertise and opinions. Now armed with all the facts and possible solutions which they had brought forward he rendered a decision.

That day I understood that the best way to create wealth in a company was to be sure to use your assets which included the brains of those around you.

In my personal business dealings with him I found that he always operated in a similar way. He would always have other experts involved in gaining answers to areas where his experience was limited. Every effort was focused on gathering insights before an action or decision was taken. But having said this I want it also to be clear that in no way did he, or anyone else I observed doing this, ever take a long time to make a decision. They never became victims of analysis paralysis or over analytical processes. They quickly gathered what they needed to know and then pulled the trigger and got it done.

Surrounding yourself with the right people is a powerful way to learn. Naturally this can be done by attending classes, seminars, networking events, charity events, fund raisers and gala events where you have access to new mentors or coaches. These kinds of activities or events are also brilliant locations to meet people who are interested in creating the same financial situations that you crave.

It may be tempting to say that you a re broke and that you can’t afford a ticket to attend such events. However, I have found if you only stick to the least expensive events you will only be connecting with others who are broke. In order to make friends and form relationships with those who you can learn from, you have to go where they go. And a $10 breakfast meeting generally won’t do it.

Not too long ago I had lunch with Bill Bartmann. You may know Bill, he was featured on the cover of Forbes magazine in 1997 as one of the 400 richest men in North America. At the time Forbes estimated his wealth to be between 2.4 and 3.5 billion dollars. As we sat down he simply ordered a burger, fries and a coke. One of the best lessons that he shared with me over our lunch was to always invest a portion of my income back into developing myself and learning as much as I could about my industry and business.

Money comes to those who understand it and value it most. Innovators become wealthy. But you can only improve on what you already understand. It’s like learning how to play basketball. You can’t do a trick shot until you’ve learned to dribble. Basics come first. And one of the reasons so many people are broke is that they haven’t even gotten a grasp of the basics.

So get learning! Learn everywhere you can and from everyone you can! Put a plan in place to start dedication a portion of your income to growing yourself and your bank account. The more you learn the more you will truly be able to learn!
About Douglas Vermeeren
Is there a pattern that rich people understand?

Are there clues that they leave behind that anyone can apply to become financially free?

Douglas Vermeeren thinks so. Over the last decade he has conducted research into wealth creation, financial freedom and the lives of top achievers in this area. He believes that there are a handful of hidden keys and concepts that are keeping people everywhere from creating untold wealth and abundance in their lives. Without these missing elements, no matter how hard they work, or how valuable their business ideas are or even how much they save for the future MOST PEOPLE WILL NEVER BE RICH!

Douglas Vermeeren is the author of Self-made Millionaires for Dummies, Guerrilla Millionaire, Millionaire Wisdom and The Millionaire Frequency. He is regularly featured on CNN, FOX, FOX BUSINESS, ABC, NBC, CTV, CBC and Create Wealth Today. He is the movie maker behind The Opus, The Gratitude Experiment and the new film on Wealth Creation, The Treasure Map. http://www.MillionaireTrainingSystems.com

Powerful Thinking Powerful Results – MAYAN RETREAT

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Powerful Thinking Powerful Results

Powerful Thinking Powerful Results

Your thinking will dictate your results. It’s as simple as that. This is our most popular training and It produces instant results and immediate productivity. Spend a week learning about how your mind works and processes the information for need to be successful and realize your greatest outcomes! If you are in a funk and your not sure why or maybe things are going fine, but just not fast enough. You have got to learn how to kick it into high gear! Your most powerful results await you!

February 13 – 17 – Mayan Riviera – Public Event – Powerful Thinking Powerful Results retreat – Space is limited! This package does not include travel or accommodations. This event takes place on an all-inclusive resort. We encourage participants to stay at the resort for a best value experience. Please feel free to contact us directly for special travel arrangements we have for our attendees.

As a side note this educational getaway is typically tax deductible and eligible for continuing education credits!

 

 

Some of the topics we will cover include:

– How to training your brain to stay focused with what matters most!

– Getting greater clarity with your goals!

– How to overcome negative thinking!

– What every manager needs to know!

– The 3 mistakes of the mind that sabotage even the most motivated achievers!

-Persuasion and sales from a brain science point of view!

-Why and how decisions are made!

– The ripple effect (Why some people create an amazing success)

– The 5 ways your brain learns

-How to step ahead of your competition

– 4 keys to making relationships work

…and more!  This is an incredible training that benefits anyone who is self employed or trying to make a home business work. In addition, if you are fascinated by your mind and how the brain works you will not want to miss this event! Seating is limited to only 25 participants to ensure maximum opportunities to participate and apply the skills and techniques presented in the course.

Douglas Vermeeren at the ruins of Chichen Itza Mexico

Douglas Vermeeren at the ruins of Chichen Itza Mexico

WE LOOK FORWARD TO SEEING YOU IN MEXICO!!!

This is an incredible training and holiday opportunity. In addition to the incredible lessons you will learn we always have a good time. lots to do! Lots to see!

For more information email Rachel@douglasvermeeren.com or call 1-877-393-9496

Thoughts on past trainings:

Douglas can deliver the depth of content that European audiences demand. Douglas Embodies excellence. In Belgium, we experienced no waffle when he was here! If Douglas’ ideas were taught in schools, we’d be getting it right from the beginning. I recommend to all, if you get the opportunity to hear him, never let it pass you by. Douglas is matchless. – Jane McCarthy, Cyres Cafe, Antwerp, Belgium

Doug Vermeeren was our speaker of choice! After the main session the comment we kept hearing from members was “Wow!” Everyone in attendance felt like this was a major learning experience, and we had fun too! This will be an event JCI members and guest will talk about for years to come! I would recommend other organizations bring Doug in to speak to their group! We look forward to bringing Doug back again for another presentation!  – Kristin Krause Chapter President, Junior Chamber International

A captivating speaker with so many great insights. Doug is definitely destined to become one of this generations leaders in personal development.  – Bob Doyle Creator of the Wealth Beyond Reason Program and featured teacher in The Secret

Doug’s mind is the most brilliant out of the box tool you your business could have. The quick simple tweaks he sees that you don’t create massive massive results. Doug works from his heart and will not rest until he knows that you have gotten way way more then you could have ever imagined. It is your responsibility to let your mind grow and to make sure that your ideas take off. The best in the world work with coaches constantly. The VERY best work with Doug. If you ever have the opportunity to work with Doug, do your future a favor and jump on it NOW.

– Kyle Cease #1 Place Winner, Comedy Central Stand-up Showdown Actor (10 things I hate about you, Not another teen movie)

Doug Vermeeren has the ability to motivate and inspire people to achieve their biggest dreams.  – William Farley, CEO Fruit of the Loom

Doug Vermeeren is a man who possesses both vision and enthusiasm. He spreads his message of ‘no limits’ to everyone around him and touches lives forever. -Frank Maguire, Co-Founder of FedEx

The tips for success, and the hands on approach are unsurpassed. I am more sure of my success now than ever before.  – Kathleen Johnson, BA, AICI, POC, President & CEO R.I.M

Doug is truly a “go giver” and what you will learn from his principles and acting on them will not only change your life and make you a better and more successful person they will also help you to be a more happy individual as you go through life.  – Richard “Jaws” Kiel, Actor – The Spy Who Loved Me, Moonraker

Doug Vermeeren knows what he is talking about. He’s dynamic and wise and definitely worth listening to.

– Marci Shimoff, #1 New York Times Best Selling Author, Happy for No Reason