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The Most expensive things in the world…

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A few years ago I was sitting with Frank Maguire, one of the co-founders of FedEx and he asked me a question. His questions was simple, “What is the most expensive thing in the world?” 

The reason this question is important in for entrepreneurs and building wealth is because I have found as important as it is to do the right thing, there are equally dangerous things that you can do that will rob you of becoming wealthy and productivity. Naturally Frank’s question has led to some serious thought over the years. As I have thought about this question I have decided that there is a relatively important list of things that become expensive that most people never think about and that list exposes us to things that cost us money, keep us from making money and most important cost us time. 

I call this list the “most expensive things list”. I invite you to consider the things here and how your current involvement with these things might be costing you money and opportunity.

  1. Excuses – Excuses are essentially lies we tell ourselves to keep us from being accountable. We lie to ourselves to remove responsibility but in the process we also remove our results. Success in creating wealth means that we sometimes have to put ourselves on the line and make things happen even when it requires us to become uncomfortable. The wealthiest people I know find a way while those who are broke stop at finding an excuse.
  1. Bad advice from broke people – It has been said that where you get your advice will determine where you get to wind up in life. The problem that I have observed over the years is that too many people stay broke because they simply get bad advice from other broke people. Sure those people may be trying to help, they almost always have good intentions, but they are just as broke as you are. It’s like a drowning person trying to teach you how to swim. It doesn’t make much sense does it? 
  1. Setting low personal standards – Your standards begin with what you believe you are entitled to and what you’re worthy of. As I have taught wealth strategies around the world it is very common to see people who believe that the most basic wealth strategies are sound and will work – but that they quickly suggest that they will work for other people and not for themselves. It’s almost like they believe that they have some kind of curse that will keep them broke and in poverty. Nothing could be further from the truth. Money itself doesn’t care. If you follow the patterns that create wealth you will become wealthy. There is no luck involved. Raise your standards in terms of what you are willing to do, who you are willing to learn from, what you feel you are worth and how much effort you will put in and you can’t help but see results.
  2. Ego – Most people stay broke because they feel like they already have all the answers. As one of my mentors put it to me when I was a young and smart-alec teenager, “You can be rich or you can be right. You can’t be both.” He then pointed out that if I was determined to hold onto my ego I would get to keep everything that went along with it. That meant everything my ego had created I would get to keep no more. My financial situation was based on my understanding at that point and so if I chose to stay the same my situation would stay the same. Ego is one of the greatest enemies of success.  Choosing to be rich starts with choosing to be teachable.
  1. Procrastination or hesitation – Procrastination is putting on hold something that you know you should do and it has never created wealth or success. If you know what you want you must do it. You must seize opportunities you are seeking. I have seen many many circumstances where deals have gone to the fastest person to say yes. If something is a good deal and a good opportunity chances are very good that others are rushing for the same deal. Don’t miss out because you hesitate. There’s a reason why not everyone is wealthy – and that’s that there are often a scarcity of opportunities.  I also believe the universe is like an echo chamber. If you show up with hesitation everything will show up for you with the same hesitation. If you show up with boldness everything in your life will show up the same way. After having spent time with some of the most wealthy people in the world it has been evident to me that not one of them is a procrastinator. When opportunities show up they move quickly even if they don’t have all the answers.  Another important thought on procrastination. How many wish they would have started buying properties for example when you were in your late teens? So why did you wait? Why are you waiting now?  There is a Chinese proverb that says the best time to plant a tree was 20 years ago and right now. You may not be able to go back in time to plant the tree but if you don’t do something today you are creating exactly the same kind of regret. One of the properties I bought early in life I paid $55,000 for. This was in the mid-1990s. Today that property is worth around $359,000. I also have wishes and my wish is that I would’ve bought more. You are always going to experience this – but getting started today with what you can do today will at least get rid of a few of these big regrets.
  1. Lack of clarity — perhaps this point is linked closely to the concept of avoiding procrastination. When you lack clarity of purpose or an understanding of how your money will be made you can’t become skilled enough to quickly evaluate opportunities. As a result you miss a lot of opportunities which slows down your ability to make progress and build your wealth. Once you identify your strongest opportunities for creating wealth you must learn ahead of time what you need to do to be able to be prepared for those opportunities when they arrive.
  1. Poor influences – You’ve heard it said that your network equals your net worth. This is certainly true. Not only does this reflect in the people you learn from but even more so about the what people around you expect out of life. If you are surrounded by people with low expectations you won’t create much. If you are in a community of people that are striving to create wealth and excited about it you will do the same.  Like attracts like. If you want to be on fire you best be a log in the fire rather than a spark off in the distance alone trying to stay hot. 
  1. Crappy trades/patterns – Wealth is created primarily through the accumulation of good trades. Most obviously when we acquire an asset that generates cashflow or capital gains that’s a good deal. But these trades start at a more basic level than assets. They start even with the trades of how we prioritize our day and utilize our time. When you allow trivial things to take over your day in exchange for powerful things you don’t create powerful things. Make better trades in all areas of your life. And let’s be honest one of the things that people want is wealth for free. You can’t have it for free. You will have to buy something. You can never save your way to wealth. You can only do it through smart purchases. For example, you can’t collect the rent on a property you don’t buy. You can’t get a dividend on an investment you did buy. You must learn to make smart purchases and trades and that is the only option.
  1. Being a solopreneur – Wealth is a team sport. If you try to do it alone relying on just your own knowledge, money, time, opportunities and expertise you will soon find limitations. You only have so much time, energy, know how and money. Think about the most obvious example of real estate. If you want to acquire a property to start producing cashflow with you will be waiting a long time if you try to pay for it by yourself. You will have to save the entire purchase price of the property and closing cost. Certainly the property will be gone by that time. You must learn and use the principle of leverage if you are going to be successful. You can’t win the gain of wealth playing by yourself.
  1. Lack of know how – This means education. You can only earn what you learn. You can’t implement what you don’t understand. No meet how willing you are to succeed you will never create success unless you add to that willingness a correct understanding of what you need to do. Correct actions not dreams create results. 

And lastly as a bonus thought one of the most expensive obstacles to wealth are the stories that people tell themselves that keep them broke. Perhaps this can be an expansion on the first point of excuses. That’s really what stories are. You can’t tell yourself stories about why you aren’t good enough, why something won’t work or why you can’t participate. If you are committed to becoming wealthy you have got to make a clear decision that this is what you will do.

Follow me for more @dougvermeeren or Douglasvermeeren on Instagram.

Teaching about money in schools

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College-Tuition

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-600Douglas 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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May 1, 2017 at 10:23 pm

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10 lessons from Warren Buffet on success

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Tuesday, October 15, 2013
Fortune The Most Powerful Women
Washington, D.C., USA

9:00 AM SOLUTIONS DESK OPENS

Photograph by Stuart Isett/Fortune Most Powerful Women

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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April 29, 2017 at 10:16 pm

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CREATE WEALTH TODAY in Calgary

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Calgary ONLY! In May I am going to share the wealth strategies I learned from several of the world’s top achievers on how to create abundance. These are amazing tools that allowed me to gain financial freedom and they can do the same for you too. https://www.eventbrite.ca/e/create-wealth-today-tickets-33594747795

 

May 20, 2017  9am – 6pm

Holiday Inn South 4206 Macleod Trail

You get to decide if you will be rich

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Most people live life like driving through a drive-thru without ordering at he first window. When they get to the second window they are disappointed when they either get nothing or what the person inside decides what they should have.

Most take what they are given rather than strive of what they want.

If you really want to begin a journey to creating more wealth in your life start by realizing you have the power to reach for what you want and recognizing that you don’t have to accept whatever shows up. Becoming more proactive and seeking for what you want is the most common attribute of the wealthy.

Wealth doesn’t appear by accident. You must seek it, create and nurture it.

douglas-vermeeren-600Douglas 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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April 8, 2017 at 11:04 pm

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The Speaking Business Multiplier – 6 Keys to Becoming a million dollar speaker

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Success in the speaking business is something most professional speakers stove to attain. But the truth is that the personal development or self improvement industry is one of the most competitive fields on the planet. Everything thinks they have powerful advice to share on how to make life better and all want to be rewarded handsomely fro sharing those  insights. While many of these lessons are powerful concepts for positive change very few of the “thought leaders” who share them actually rise to high levels of financial success.

Douglas Vermeeren on the set of Word of Art

I was very fortunate early in my speaking career to find some amazing mentors and as a result I have constructed and followed a system which made me almost immediately financially successful. In my first 6 months as a speaker I earned more than1.6 million dollars US and have had a successful speaking business ever since. Here are a few of the things I see most speakers missing today that make a big difference.

1)Get a mentor – Most speakers are used to sharing advice and not giving it. If you can find a mentor or a coach that understands how to make money in the speaking business and establish yourself as an expert you are much further ahead in this highly competitive business.

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2)Develop high level expert content – Content is indeed king. Most of the people populating this business today have very generic and predictable content. You need to be able to solve real problems and take people deeper into your subject of expertise than anyone else.

3)Use a proven business model – Most speaker stop at accepting a fee for a speech or have added a few products or coaching programs or workshops. While those things are all great streams of income they are not the most effective way to monetize your speaking business. (More on this in a future post)

AM Agenda's Pat Bolland interviews Millionaire Mentor Douglas Vermeeren

4)Use media and leverage authority – Most speakers remain relatively unknown and hidden in the marketplace. They do not know how to attract media and are too afraid to invest in a publicist or support team.

Douglas Vermeeren on the Rush in Vancouver

5)Get on the right stages and build boundaries – Most speakers who are broke will speak anywhere, for any fee and say YES way too much. Recognize that there is a such things as a wrong audience!

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6)Build a relationship – One of the big mistakes I see regularly from speakers is that they are too eager to rush an audience into a high priced product or seminar. The audience feels like they are simply a number or a transaction. Focus on providing value first, establishing your credibility as a true solution first and that you are genuinely concerned about the results your audience needs first. If you do these things you will have earned the right to be bold as your audience will want to continue the relationship.

douglas-vermeeren-600Douglas Vermeeren is the Speaking Business Multiplier. Are you ready to level up? You’ve come to the right place. Douglas Vermeeren is considered one of the top leaders in personal development and achievement psychology. He is considered by many to be the modern day Napoleon Hill for his extensive research into the lives and psychology of more than 400 of the world’s top achievers. Douglas Vermeeren is the creator of The Personal Power Mastery program which helps you unlock your most powerful self and created positive changes in your life.

Vermeeren is the author of 3 books in the Guerrilla marketing series and one in the Dummies book series. He is also the creator of the personal development films The Opus, The Gratitude Experiment and The Treasure Map. Enterprise magazine calls him Canada’s Tony Robbins! He iOS the regular featured achievement expert on FOX, FOX Business, CNN, ABC, NBC, CTV, CBC and others. http://www.DouglasVermeeren.com

 

#douglasvermeeren #TheSpeakingBusinessMultiplier #professionalspeaker

Simplicity Proceeds Success – BAM #14

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Keep-it-simple

Simplicity linked to success
By Douglas Vermeeren

At first glance it may seem like the most successful, wealthy and influential business leaders in the world have a lot going on. It’s true that they have hectic and busy schedules. Their days are full and very productive and they don’t waste time. While those things are true one thing is certain and that is that their activities are precise and focused. To create high level success creating simplicity and effectiveness is fundamental. Here are three suggestions from my research of top achievers as to how you can create more simplicity and effectiveness in your activities.

Determine your specific mission
Recently I was at a networking event for entrepreneurs. One individual handed me his business card. On it were listed several unrelated businesses opportunities this individual was engaged in. I could immediately tell that he wasn’t extremely successful in any of them. The old saying, “Jack of all trades, master of none” was apparent. Don’t-Forget-to-Give-People-Your-Business-Card1One of the most important things that I learned in building my own business with the support of incredible mentors was just because you can do a skill doesn’t mean you should. We only have so much time, ability and energy and of we try to do everything we cannot possibly do them all well. I use the analogy in my seminars of having a single glass of water and a remove full of plants. If you try to water everything it will all die. If you select a small group of plants to nurture they will thrive. Most entrepreneurs try to do too many things and therefore nothing really thrives. Pick a specific mission and dedicate yourself there.

 

Go deep enough to know your business and focus on solving specific problems
By going deep into an area of expertise in your business and career you develop yourself as an expert. When you spend more time in that specific area you develop thinking and tools that allow you to solve problems in that area better than anyone else. This is same strategy that turns regular doctors into brain surgeons, average athletes into olympians and scientists into astronauts. If you want to become an expert in your business or career expertise will be required.

 

Your value to others will be in proportion to the problems you are able to solve. If you want to be paid more solve more complex problems. The way more complex problems are solved is to simply spend more time solving problems in that area. Your experience and knowledge in the area will give you what is needed to solve problems in a specific area. It’s that simple.

sam-waltonOne of the impressive things to me as I interviewed the 400 top achievers was to observe how how they were to learn about a specific area directly related to their business. They read, researched and talked with everyone they possible could. Sam Walton founder of Walmart would visit the retail stores of his competition and talk with them about how they were doing things every opportunity he had. He even used to do it on family holidays and in far away countries. It was his thirst to understand the world of retailing that lead him to introduce many of the ideas we take for granted in a Walmart today. It was this same thirst that made him the richest man in America for a time.

Eliminate needless activities and time wasters
You’ve heard it said that time is the most important commodity in the world. It is true yet still most people only pay this concept lip service. Most people take longer with activities than is required to solve them. For example, most people feel that a meeting with someone ought to take an hour. I suspect that this is a remnant of the idea that a class in school was an hour so therefore every other meeting should be an hour too. I’ll never forget on of the top achievers who became a mentor to me divided his day into 15 minute increments. If you wanted a meeting with him it was generally allowed 15 minutes. To stay on track we actually put a timer on the table as you talked with him to keep you both on track. With such time limits imposed you didn’t find yourself talking needlessly about the weather, the local sports team or any other kind of fluffy feel good banter. It was straight to the important matters.

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Now I’m not saying that we need to eliminate all friendly discussion but average people spend too much time making meaningless conversation and time passes quickly. I recently had a student at one of my events who had a continual problem with meetings running into each other. He was always late and continually falling behind. In addition his meetings with clients were not converting for him. As we talked about the structure of an effective client meeting we found that he was spending way too much time on discussions that did not serve the client. While some of this chit chat may have been polite it did not contribute to his mission.

Simplicity requires setting up boundaries and that means you’ve got to spend some time in preparation to determine what is most valuable to you. When you know what is most important you can start spending your valuable time there.

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In conclusion Leonardo Di Vinci was credited for having said that “Simplicity is the ultimate sophistication.” Getting to simple takes work, the above suggestions are not easy and they are also just the beginning. As you learn to simplify and get focused your results will improve and success will become possible for you.

 

 

DV Photo 1Douglas Vermeeren – Are you ready to level up? You’ve come to the right place. Douglas Vermeeren is considered one of the top leaders in personal development and achievement psychology. He is considered by many to be the modern day Napoleon Hill for his extensive research into the lives and psychology of more than 400 of the world’s top achievers. Douglas Vermeeren is the creator of The Personal Power Mastery program which helps you unlock your most powerful self and created positive changes in your life.

http://www.DouglasVermeeren.com http://www.PersonalPowerMasteryEvent.com http://www.PersonalPowerMasterySchoolPrograms.com

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An Awesome life is living your life by decision. You are where you want to be, doing the things that excite you, inspire you and bring out the best in you and in those around you.