Posts Tagged ‘Millionaire mindset’
Predictable Millionaire™ – How many income streams do millionaires really have?
Does an average millionaire have 7 income streams? Is that true? What do the real statistics say about this? You might find this research interesting.
The reality is that majority of millionaires have 3 income streams and only 5.3% have 7 income streams.
Most millionaires are extremely focused and do not spread themselves thin with too many income streams. They develop just a few and make sure those are operating extremely well and efficiently.
As mentioned in the graphic where this might be confusing for those sharing the misinformation of 7 income streams comes from them not understanding the difference between a stream of income and a system or function of income.
Systems or functions of incomes can be:
Earned Income
Profit Income
Interest Income
Dividend Income
Capital Gain
Rental Income
Royalty Income
Naturally these are not the income streams themselves as often millionaires select only a few of these systems or functions and then build multi-income streams within them.
It should also be pointed out that most millionaires do not simply focus on creating income streams. They are looking for ways to create income streams that are automatic, leveraged or passive. (More on this later.)
Also be sure to join us on July 8, 2021 at 10am MST for a special complimentary training How to become a Predictable Millionaire™ without being a financial expert.
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Predictable Millionaire™ – Millionaire Attributes
Deferment is defined as the opposite of immediate gratification or instant gratification. Those who achieve millionaire status have master the. art of deferring what they want now for a greater financial return and security at a future time. You’ve most likely heard the saying that says, if you pay now, you get to play later.
The reality is that if you can learn deferment you not only get paid later, but you will get paid with significant interest
Did you know that there are over 50 specific attributes that self made millionaires have in common? Most of these attributes are relatively easy to prative once you are aware of them. All of these will improve the predictability of your financial future. Attributes are different than habits in the sense that an attribute is a sense of how you look at things rather than activities you are doing. What are some attributes that you have noticed and see in common among self-made Millionaires?
Also be sure to join us on July 8, 2021 at 10am MST for a special complimentary training How to become a Prdictable Millionaire™ without being a financial expert.
#millionairemindset #millionaire #predictablemillionaire #millionairementor
Predictable Millionaire™ – Principles of Predictability – PROBABLY
There are 5 specific principles of predictability that will allow you to create a financial future you can count on. Here’s the first principle known as Probability. That which is probable is most likely to occur. So the question is how can you increase the probability of success in matters of money?
Share some of your thoughts on what you could do to increase your probability?
Join us in an upcoming public webinar and you will learn some of he probabilty factors that were common among more than 700 Millionaires and Multi-Millionaires. Put a comment below fro details to attend.
#PredictableMillionaire #predictablemillionairebook #millionaire #Millionairemindset #wealth #predictablemoney #cashflow #makemoney
The 3 Laws of Predictable Millionaire™
Here are the 3 Laws of Predictable Millionaire™ that were extremely clear through my interviews with over 700 Millionaires and Multi-Millionaires. I hope they are encouraging to you.
The 3 Laws of Predictable Millionaire™
Law 1
If others have done it, you can do it too.
Law 2
If you follow HOW others have done it,
you can do it too.
Law 3
If you stay focused and committed to the path others have used, you can do it too.
What is Predictable Millionaire™?
Predictable Millionaire™ is a result of a research project studying more than 700 Millionaires and Multi-Millionaires. In this study specific patterns, strategies and approaches were identified that will increase the likelihood that you can achieve millionaire status. This top rated program for generating predictable wealth using the proven pathways that real millionaires are using today.
Teaching about money in schools
Recently a friend of mine posted a new article on Facebook about how in his area the school system has decided to start teaching about money in the local high school. I think this is a great start as most schools don’t educate students about what ends up being one of the most important life skills that they will ever gain.
My challenge is that whenever these money courses are offer they are general taught by financial institutions or people within that system. Those advisors are trained to invite you to save, invest in specific investment instruments and follow their prescribed pattern. Most of the time people who follow this route maintain an average yet secure income.
That is one route to understanding money.
Why I want to know is why don’t they ever invite the entrepreneur mindset to come in to talk about money. This group far surpasses the institutional people in terms of personal worth and and creativity. They also see money in far different ways that the ‘save and sit on it’ crowd.
If you really want to understand the economics of society you need to invite those who are conducting transactions into the conversation. Just sayin’
Douglas Vermeeren is the CEO of the Millionaire Training Systems. He teaches wealth strategies and mindset. Unlike most wealth coaches and teachers in the market today Douglas Vermeeren actually makes money in the real world and not just through the sale of seminars or personal improvement products. He is the author of the book Guerrilla Millionaire, Millionaire wisdom and several other books on money strategies that build wealth in today’s marketplace. He is also known for his extensive research into the lives of many of the elite and wealthy of today. http://www.DouglasVermeeren.com
10 lessons from Warren Buffet on success
10 Lessons from Warren Buffet on success:
1. Find your passion
2.Hire well
3.Don’t worry about what others think
4.Read Read Read!
5.Have a margin of safety
6.Have a competitive advantage
7.Build your schedule to suit your personality
8.Always find a way to be more competitive
9.Model success
10.Show unconditional love
Taken from various media interviews, articles and books with Warren Buffet.
#Warrenbuffet #MillionaireTrainingSystems #Douglasvermeeren #MillionaireBlueprint #7stepstoproserity #1wealthcoach #Moneymindsetmagazine
Douglas Vermeeren is the CEO of the Millionaire Training Systems. He teaches wealth strategies and mindset. Unlike most wealth coaches and teachers in the market today Douglas Vermeeren actually makes money in the real world and not just through the sale of seminars or personal improvement products. He is the author of the book Guerrilla Millionaire, Millionaire wisdom and several other books on money strategies that build wealth in today’s marketplace. He is also known for his extensive research into the lives of many of the elite and wealthy of today. http://www.DouglasVermeeren.com
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