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A neglected conversation in passive income – By Douglas Vermeeren, The worlds #1 Passive Income Coach

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Douglas Vermeeren #1 Passive Income coach 6

The conversation that most people are having around passive income is always around how to make more money. While this is an important conversation it is missing a very essential component if you want to become wealthy. (it also lets you know clearly who understands wealth from Passive Income and who does not.)

A Passive Income Lifestyle and wealth through passive income must include more than an understanding of creating income streams, it must also include a conversation around how to preserve and protect the income generated through passive income streams.

NO, I’m not just talking about a boring conversation around tax strategies and financial planning. Protecting assets and money generated through passive income is generally more complex (and important) than what can be done around regular income streams. Often times passive income comes from untraditional or unconventional methods and that means you need to have specific and appropriate ways to protect it.

You will need to find an accountant who is well versed in how technology of today generates money, the expenses associated with the use of this technology and also an understanding that you may no longer be based in the country where you have paid taxes in the past. This is certainly true if you are a bit like me where you spend the bulk of your time abroad. In fact, you should have seen may tax returns for the years that I was abroad in Asia. As a non-resident in the country of my passport I paid very little in taxes. Obviously with more and more people gravitating towards a passive income lifestyle that includes travel and living abroad these are certainly considerations you need to be aware of.

As for marketing and technology it’s important for your preservation support team (account, bookkeeper etc.) to understand that marketing is the lifeblood of online passive income. Without it you cannot thrive. But they also need to understand the experimental nature of some of the campaigns. Not only can you discover tax deductions as a marketing expense but these can also receive benefits as R & D (Research and development) for you company. Just a consideration for you to be aware of.

And certainly the systems you need to create to support delivery of online products or digital delivery are often overlooked. These are components that traditional businesses often received benefits and deductions to create in the real world but are often overlooked online.

As the rest of the world catches up to the online world there will yet be many interesting changes and considerations given. Be sure that those you select to help you are aware and can support you in preserving your assets and capital.

Stick close as we explore some of these ways in the future.

#1Passiveincomecoach #douglasvermeeren #passiveincome #passiveincomemillionaire #passiveincomemillionairebook #dougvermeeren #passwiveincomegoldmine #Massivepassiveincome

Some essential considerations in creating Passive Income – By #1 Passive Income Coach

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Douglas Vermeeren #1 Passive Income coach 5

Creating passive income can be hard work in the beginning. Most people in fact, never get to a high level of passive income because they give up or lose hope when the rewards don’t immediately arrive. Passive Income, when done properly, requires commitment, effort and energy. (And it’s kind of obvious who is really doing in real life when you see how people talk about passive income.)

It will also be a passive results always followed by an absolutely active beginning. Without your expertise you will also find it more difficult. Those that will buy from you to create your passive income have many choices today. They aren’t looking to give their money to people that can’t get them results or the information they need quickly – and they don’t want the same information they’ve seen everywhere else.

Passive income is really for those who are prepared to stretch and serve more than their competitors.Or set up better systems than their competitors.

#1passivecinomecoach #douglasvermeeren #passiveincome #massivepassiveincome #passiveincomemillionaire #passiveincomemillionairebook

Why you need passive income – by the #1 Passive Income coach

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Douglas Vermeeren #1 Passive Income coach 4

Passive Income is supposed to be just that PASSIVE. That means that it does not occupy much of your time once it is set up and running. Can you believe that as I am here snorkelling and finding sea shells I am making money. This is the kind of experience I believe everyone should have. And it’s not that difficult to do if you know the right systems to set up.

Passive income is your ticket to freedom and it is the way that all wealthy people build their fortunes.

No one wealthy trades time for money.

They just don’t do it.

I am just about to launch my newest ebook that will show you how to build passive income in your life. I am excited about this because this book reveals how you can actually create passive income using easy to follow ideas and strategies. In this book I dispel so many of the passive income myths that cause most people to think it’s just too hard. It’s not.

It really easy quite straight forward and there are specific things steps you can take immediately that will make it even easier. Stay tuned and shortly you can get your own copy of this easy to use manual for wealth.

#1passiveincomecoach #passiveincomemillionaire #douglasvermeeren #millionairementor #passiveincomemillionairebook #yourfirstmillion #passiveincome #Freedom #millionairelifestyle #1wealthcoach

#1 Passive Income Coach – Passive Income allows you to seek out Adventure.

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Douglas Vermeeren #1 Passive Income Coach 3

That was a fun day as I stood for the first time on the Great Wall of China. I never eer thought I would see this place live growing up. It just wasn’t a possibility given the financial circumstances I had come from. We were broke and the closest I ever came to this kind of adventure was borrowing books from teh Public library.
That day however I realized how much Passive Income had changed my life. It literally opened the doors to adventure for me.
Now as I stood on the Great Wall I had another epiphany.
You can see from the picture that The Great Wall goes on for miles and miles, stretching over hills and mountains further than the eye can see. SOme have even said that The Great Wall is the largest manmade object on earth - even visible from outer space.
Here’s the epiphany. As I stood on the Great Wall I looked down a tmy feet and saw that the entire Wall was made up of small bricks. It was then that I realized that the reason why most people never build financial freedom through passive income is that they look for the big payoff. (The Wall) and they neglect how the wall is built. (Small bricks.)
The lesson don’t neglect starting with small passive income streams. Recognize that you will need to build several small streams to create your life of financial freedom.
Passive Income allows you to step out from behind a desk or a job and LIVE! Our planet has so many amazing things to see and do. Most people will never have the chance to explore even a fraction of it.
You don’t want that to be you. Seize the day, embark one the exciting journey which is life! And that opportunity can become your daily life through Passive Income!
#1passiveincomecoach #douglasvermeeren #passiveincome #pasiveincomemillionaire #neverworkagain #passiveincomecashflow

1 simple step that will put you on the road to financial freedom

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What does your financial freedom look like to you?

I often ask this question at my seminars and the responses I get are often as follows:

“I’d like spend more time on vacation.”

“I’d like to live in the house of my dreams and drive the vehicle of my choice.”

“I’d like to quit my job and spend more time with family.”

Although these answers are nice – they are not correct.

Financial freedom is not about what experiences you will have and how you think you will spend your day to day life.

Financial freedom is an exact number. How much exactly do you need to meet your obligations each month.

When you passively achieve the exact amount of income you need so that all your obligations and expenses are met you are financially free. Does this make sense? That monthly amount is your obligation or prison. So once you have attained it passively it’s no longer your prison. It’s satisfied without you.

The problem for most people is that they can tell you what they want (The experience) but they can’t tell you what it takes to make it happen.(The exact number) If your goals are specific and clear they are attainable and near. So if you want to be financially free how much money exactly do you need to have coming in passively each month.

Here’s an example:

If your monthly bills are as follows: (I know this is not a reflection of most peoples bills. But its an oversimplified example)

Mortgage $1250

Utilities $239

Groceries $250

Car payment $249

Gas $100

Total monthly Commitment: $2,088

So your financial freedom is actually $2,088. If you can build a passive income stream that replaces whatever you a re doing to get to $2,088 then you have achieved your financial freedom.

Naturally this is oversimplified. And of course, your financial freedom number will change based on your needs and situation. Once you have achieved a passive income that covers your necessary obligations you are financially free. The next step is to move onwards up to financial abundance which is something that is rarely discussed. Financial freedom is important – but financial abundance is where life really begins to change.

More on this later…

By the way, knowing your financial freedom number is just the beginning. Knowing how to get there is where things really get interesting. If you’d like to come out to one of our events near you go to http://www.MillionaireTrainingSystems.com

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Millionaire Training systems

Millionaire Training Systems coming to Vancouver August 26th.

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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