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Millionaire Training Systems – Douglas Vermeeren quote 1-1

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Millionaire Training Systems - Douglas Vermeeren quote 1-1

Millionaire Training Systems – Douglas Vermeeren quote 1-1

Use your time wisely. It is your greatest asset and cannot be replaced once spent. Use of time is a key factor that separates the wealthy from the broke. – Douglas Vermeeren from Millionaire Wisdom

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November 30, 2013 at 12:28 am

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Millionaire Mastermind – 10 Keys to taking your business to $1 Million

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10 essentials to taking your business to over a $1Million – Millionaire Mastermind  special report.

Modern Day Napoleon Hill reveals the top 10 things Your business needs to make over $1 Million days this year

By Douglas Vermeeren

At a recent TV interview that I did I was asked an interesting question. The reporter asked after researching more than 400 of the world’s top achievers and greatest business successes of this generation what would I say are the top 3 things that I believed contributed the most to a businesses or persons success. While on the air I gave 3 simple answers, but since then I have had a chance to really think about that question and I believe after some careful consideration I now have an answer that I would like to share. For starters I will say that I don’t really think that there are 3 things, but instead there are 10 things that I think are fairly consistent with all of the top achievers that I have studied.

Before I share these top 10 things I want to point out two things.

First, Some of these things may appear to be fairly common sense. Some of these may not. As I have conducted seminars since constructing this list it has been interesting to sometime introduce this list by asking participants to list what they think I am about to share. In other words, what do they think based on their experience should included in the top 10 list. It is always interesting to see that sometimes four or five of these things are considered, but I have yet to find a group that is able to anticipate all 10. These are obviously things that we don’t always think about. I would invite you to also paused right now before reading the list to begin by making your list of ten things. It will be instructive to you to notice the differences.

Secondly, While many of the things on my list may seem common sense and valuable there is a significant difference on how the average person does these things in comparison to how they are done at a high achiever level. According to the statistics bureau of the United States 85% of entrepreneurs (which includes home based businesses) report incomes of under $200,000 annually. A small percentage of 5% are above $200,000 but under $1 Million dollar. And then there’s the last group of 10% that has reached a level where they are making over $1 million dollars annually. When analyzing the data and considering the research I have personally conducted on self- made millionaires the reason for the difference is simple. It can be summed up in the words of Martin Luther King, “If you see some one more successful than you the only difference is that they know something you don’t.” In other words, you may feel like what I am about to see may have elements of common sense attached to it, but if you are not yet generating over $1 million dollars annually you may not yet be implementing these lessons at a depth that will allow you to reap the benefits and create the results.

So are you ready for the top things that can help you make over $1 million dollars this year. I’ll share a few quick comments on each but natural the discussion and specificsgoes far deeper. If you really want to learn how to implement these 10 points keep an eye out for a new book I am working on called ‘Taking your Business to $1 Million or more.”

Focus

Focus

1.Focus & clarity

Focus and clarity are keys to creating success. You must have clarity on what you want and then absolute focus in getting there. In my studies of the top 400 achievers I found the thing that destroyed success the quickest was not having these two essential elements in place.

A goal that is specific and clear becomes attainable and near.

And once you really know what it is you want you can eliminate time or resource consuming activities that take you away from your most important goals.

The problem with most entrepreneurs is that they split their focus among too many things. I like to share this analogy to compare to your energy and resources. Imagine you had a glass of water and a room full of plants. If you tried to water them all most of them would die and you would produce very little. Yet if you focused on watering just the plants you wanted to live they would grow and produce fruit. Choose your mission carefully and then focus on it entirely.

Sales and Negotiation

Sales and Negotiation

2. You need to learn sales and negotiation

Sales is the process by which you exchange your goods or services for money. It only stands to reason then that if you want to be highly successful you have got to learn this as an essential skills.

In my experience with entrepreneurs this area can often be the most difficult. Many entrepreneurs have a very difficult time placing an appropriate value on their goods or services and then have a harder time securing contracts and asking for the money. In other words they often lack the ability to close the deal.

Negotiation is also something very difficult for many entrepreneurs. They don’t understand how to construct deals that create the best possible outcomes and as a result a lot of money is left on the table.

Marketing & Branding

Marketing & Branding

3. You need to learn marketing and branding

Marketing and branding is how people hear about you and perceive you in the marketplace. Marketing and branding goes way beyond advertising. In fact, it covers every aspect of how you are perceived in the marketplace. How you are perceived directly affects your bottom line and the opportunities that will be made available to you.

Many entrepreneurs entirely overlook the importance of marketing and branding. The bottom line with marketing and branding is that if you aren’t telling people about you they will never hear about you. And also if you don’t deliberately control the message of your brand it will be created in the marketplace for you.

Marketing and branding also include positioning in the marketplace. Positioning will determine who you do business with, your price points, customer expectations and a host of other considerations. Invest the appropriate amount of time to determine carefully who you want to be in the marketplace.

Relationships

Relationships

4. You need to build and maintain relationships

When all is said and done business is about relationships and people. If you want to be successful in business you have got to remember the importance of people. You have also got to remember that the quality of people you attract will determine the quality of your business. I often like to demonstrate this by taking the word NETWORK and dividing it into two. NET and WORK.

Let’s focus on the word NET for a moment. The first thing to consider is that the word net is like a safety net. If you have high quality people in your network your safety net will provide a level of solutions, support and answers that are high quality. When you experience a challenge you can go to your network for answers. The second thing to consider with the word NET is that your network in many ways resembles a fishing net and the better quality on your network also means a bigger draw in your fishing net. In other words, the better your network the more money you can expect to pull in. Network isn’t as much about quantity as it is about quality.

The second word WORK is also important. It requires work to maintain a network. And a different calibre of work is required to maintain a network for businesses at $200,000 than at $1 million dollars.

When the quality of your network improves the results in your business do too.

Opportunities

Opportunities

5. You need to learn how to recognize and take advantage of opportunities

Often when I am in a seminar I will have someone ask the question ‘what does a good investment look like?’ That’s actually two questions, the ‘where’ relates to the geography, but the idea of a ‘good investment’ is also a question. Most people wouldn’t know what that looks like and so when it appears they miss it altogether.

This is very similar to opportunity. Most people don’t know what opportunities could really help them in their business and because they don’t know what they are looking for they also don’t know where to find them.

To often entrepreneurs stop at creating a product or service and they neglect seeking out and nurturing opportunities where their offerings can thrive.

Opportunity doesn’t just come along. Opportunity must be created or hunted down. To do either of these things requires preparations. And like we have talked about earlier there is a specific way to create a $200,000 opportunity and a specific way to create $1 million dollar opportunities.

Balance

Balance

6. You need to get organize and create balance

Organization is the key to creating a strong business. Often the word business or company is substituted for the word organization. In some ways it is fair to say that if you are not organized you don’t have a business at all. When you are organized you are also positioned to move faster at implementing new opportunities and can meet customer needs faster.

Organization is essential to your business but there is a consideration even more important. My experience with entrepreneurs over the years has highlighted a major challenge that has been the destruction of enormous growth and profit in business. That challenge has been focused around balance, specifically life and business balance.

Many entrepreneurs have the mindset that they will work at a task until the job is done. While this is a noble sentiment over the long period it may prove more destructive to a company than beneficial. Many entrepreneurs as they begin their business don’t understand the idea that if they don’t take care of balance they will eventually burnout. And if you do manage to survive as a workaholic your quality of life and the quality of life for those around you will suffer. It is impossible for you to do everything in your business and if you try to do so you can never get to and sustain the $1M mark.

But it is isn’t enough to hire support or ask for help. Organization in your business is an essential tool to building a business that can receive support. I have seen many businesses that have hired help but their organization did not benefit from the extra hands because those hands did not know what to do.

When something is organized it can be built upon and grow. But more importantly you don’t have to carry the entire burden of your company on your shoulders. You actually get to have a life!

Your current level of effectiveness and income are a direct reflection of your ability to organize and manage what you already have.

Creating wealth

Creating wealth

7. You need to learn how to create wealth

I know that this article called taking your business to a million or over, but I thought this was an essential principle to building a foundation of wealth. Here’s the principle: Look for ways to take money out of your company to create additional investments.

In other words use cash flow from your business to diversify your risk. This is a similar strategy to something you might use with your own personal investment portfolio.

There are several reasons why this is an important strategy. One that I have experienced with many of the clients I coach is that some businesses are seasonal. If you have established additional income streams for your business by investing in other opportunities you won’t feel the full effect of income shortages when your business is impacted by slow periods through out the year.

The other reason I endorse this concept is the freedom I have experienced within my business when I know there is money coming in through sources other than my direct activities. I have been able to have more free time and less pressure because I know the company’s money is working for me.

A third reason that has been very appealing for me is that I have been able to use funds generated from company investments to pay bills for the company. For example I have one investment by the company that pays a monthly dividend of $18,000 per month. As you can imagine that covers a good portion of my expenses every month and I don’t have to worry if my income takes a deep during a slow part of the year.

Building income streams that are not reliant upon my efforts has given an extensive amount of freedom.

Create systems for growth

Create systems for growth

8. You need to create systems for growth

Systems are the key to growth. You cannot effectively add other people to your organization unless there is some organization to bring them into. Systems allow people to repeat results that you have created. the more can systematize a process the easier it will be to acquire help.

Systems also allow you to measure what is working and what is not. When you can see what is not working you can eliminate it and when you know what is working you can direct more resources to those areas of your business.

In my past I had an interesting experience that taught me the importance of systems. When I was in my late high school years I opened my own t-shirt business. The company produced t-shirts for martial arts tournaments and other extreme sporting events. (Kind of int he same direction as Tap out.) My t-shirt company was called ‘Intensity – in a world where substitutes just don’t cut it.’

I had a substantial amount of success selling the t-shirts to small sporting goods stores and providing the t-shirts for several martial arts tournaments. It was about this time that I encountered some interest in buying my company.

The first few discussions went well as I was able to show promotional materials from events we’d been involved with and stores who had carried my shirts. Our initial discussions to buy company included dollar figures that I’d never seen before. i was very excited.

Then the bubble burst. My potential buyer started asking about systems and how to duplicate what I was doing. It wasn’t long before I discovered I had no systems and other than the company name and a few designs all I really had was me. My buyer decided he was no longer interested.

If I had systems that someone else could duplicate I would have had a sale. Duplication is the key to being able to grow to over a million dollars annual. Duplication can only be achieved with effective systems.

Innovation

Innovation

9. You need to become an innovator

Innovation has often been defined as the act of introducing something new. I think that definition needs to be innovated. Innovation doesn’t just mean new, it also means better and more effective. Innovations without an audience to use them come across as just plain weird.

Innovation is really the gift of understanding what direction people are heading and then to be there when they are ready to receive it. It reminds me of a quote from Hockey great Wayne Gretzky. When asked what made him so successful on the ice he answered, “I don’t skate to where the puck is, I skate to where it is going.”

Innovation requires you to consider carefully where things are headed. Innovation is an exercise where creativity meets practicality.

Innovation is an important part of business that is often over looked. In the marketplace generally speaking the first organization to market with the new product owns that space. A great example is Apple with the ipod. However Apple did not invest digital music players instead it innovated them to the extent where they could be consumed by the public en mass.

Another great innovator is Thomas Edison. Most people think of Edison as the greatest inventor of all time. He is credited with inventing the electric light bulb, the motion picture camera, the dictaphone, the phonograph and more. But if you do your research carefully you’ll see that variations of all these inventions were patented long before Edison came on the scene.

What Edison did was innovate these devices and make them accessible for the most part to the masses. It was here that he became attached to these devices in the history books.

What can your company do to become innovations in your industry?

In business there is a principle that many refer to as The barbarians at the gate. essentially what it describes is the idea that you have always got to be improving and innovating or your soon are either overtaken by your competitors (They are the barbarians at the gate.) or become obsolete by new market conditions surrounding you. Too often innovation can be the hardest thing for entrepreneurs to do. They often assume if a particular product or activity made them money in the past it will continue to do so. But staying in one spot for too long can spell disaster for you and your company.

A great example of this is the music industry. They had been producing recorded music for some many years on formats starting with records, then tapes, then CDs. They had grown comfortable in the formats they produced. When napster appeared and the idea

of downloadable music they resisted the idea heavily. They hung on to their beloved CDs.

As change continued other players entered the downloadable music game and the record stores and many labels were left behind. The other day I went into a former record store and it was now mostly filled with merchandise and t-shirts. Most people no longer are buying cds.

Another great example would be Blockbuster video. The could not adapt and so they are now gone. You would have thought that the largest video rental group on the planet might have had some relationships with movie studios that could have allowed them to do what netflix did and take their video rental program online.

Innovation is an essential part of survival. You can’t hang so tightly onto your money making strategies from yesterday that you die going into the future.

Success can be learned

Success can be learned

10.You need to become a student of success

A few years ago I was sitting with Frank Maguire in a shopping mall. He was one of the co-founders of FedEx. He was also the former VP of marketing for KFC, American Airlines and worked in the White House under JFK and Lyndon B. Johnson. He was one of my cherished mentors.

As we sat there our wives were shopping and he asked me the question, “Doug, what’t the most expensive things in the world?” I shrugged and said, “I dunno I just hope my wife doesn’t come back with it.”

He laughed and then answered the question. “Ignorance. Ignorance is the most expensive thing in the world, because it costs you time, money and keeps you from making more money.” Those words have always stuck with me. Ignorance is the most expensive thing int he world.

What you learn will always be a direct reflection of what you are able to earn. Often times people think that the best way to be successful is to think outside the box. I disagree. In all my research of the world’s most successful the way they have approached a problem is not to think outside the box, but rather to find a new box to think inside of.

In other words, to solve their problems they have always looked to learn how others have done what they are trying to do. from their they improve on the answers they find and make it personal. Success always leaves clues and if you look carefully you can find that everything is ready for you to implement.

Some opportunities to learn are rare experiences. To take advantage of rare opportunities to learn you must always be prepared. And there are some things that are so valuable to learn that you need to be willing to invest the time, money and effort to learn these highly valuable lessons. In my experience I have often found that just one

simple lesson applied in the correct way can make you millions or save months or even years of time.

Who can you learn from right now that will take you closer to your goals?

Mastery equals a monopoly

Often when I talk with entrepreneurs they share a terrible lie that they believe that is really keeping them from making more money. I do’t know why they tell this lie because it doesn’t serve them. The lie is that for the most par they feel that they have no competition.

They tell themselves that what they have to offer is unique and that because of their unique nature they have no competition. The truth is that if you exist in an area that has no competition you will have little chance of staying alive as a company and absolutely no chance to be rich. Wherever there is opportunity there will be competition.

I do have some good news thought. The more you can mastery the above principles the better you will be able to place your competitors behind you. In fact, mastery of these principles will give you a monopoly. Mastery always creates a monopoly.

A great case in point is Walmart. When they first came on the scene there were many large department stores all fighting for the customers bucks. But as Walmart mastered its positioning and product it became the only choice for discount shoppers. In many of the areas Walmart has moved into the other department stores have shut their doors. I used to think that this turf war was only taking place in small towns in America, but it is taking place even in the bigger cities. In Canada, where I am from, Walmart has knocked out Eaton’s which is a department store that had been around since 1869. At one time they were Canada’s largest department store. Now they are gone. Right behind them is Zeller’s another giant Canadian discount department store. (actually at this time of this writing all the Zellerʼs stores in my city have been replaced by Target.) And the list goes on. Their failure was their inability to innovate while their competition did.

Again, Mastery equals monopoly.

So how do you master these principles? The first advice I am going to share is that mastery is never complete. it is a journey. It is like tuning a radio. To get the station you have to be precise in how you tune the dial. The only difference in business is that the target you are tuning into is constantly moving which means you have to be constantly tuning. The moment you say, ‘I’ve got it’ is the minute you lose your mastery.

If you wait until you find perfection you will never succeed. mastery is a matter of implementing what you learn along the way.

In my wealth seminars when I am talking to my students about making a million dollars or more ever year some become afraid. They become afraid of the number $1,000,000.

To them it looks very big and I think all of those zeros become frightening to them. Most of them have never seen that amount of money so they can’t even begin to put their brain around it. They begin to doubt that they will ever be able to reach that goal and so therefore most of them never really try. I have found it extremely useful to do a few things with that number.

First, you may have heard the saying How do you eat an elephant? The answer one bite at a time. So with the massive number of $1,000,000 I have my students break it into a much smaller daily amount. To make a million dollars annually the daily amount comes to $2,739 a day. Most people have seen that amount and it is manageable in their mind. You have had lots of times where you have had that amount of money in you bank or come through your hands so you can understand that amount. Your internal money thermometer gets it, because you have held it in your hands. I have them break that amount even further down to an hourly amount: $1,000,000 = $114 an hour. This becomes even more manageable. We have all had a hundred and fourteen dollars at one point. Heck, most people have spend that regularly in a visit to the mall. Lastly, I have them break it down into minutes: $1,000,000 = $1.90 per minute. Now it almost seems simple.

From here I move onto the second step. We manage expectations and set up a goal. Most people think they can start making that $1.90 a minute or $1.14 an hour or that $2,739 a day pretty easily. The truth is that it won’t happen in one event instantly. It will take time to build the momentum. You can’t expect perfection on the first time out. Instead I encourage my students to think of it this way.

Instead of making an extra $2,739 a day would it make a difference if you made an extra $500 a day? Of course they respond that yes it would. So I ask them an extra $500 a week? They again respond that it would. I then ask them about an extra $500 a month and again they respond affirmatively. I then invite them to start there, because an extra $500 a month is pretty easy. When you have learned how to master an extra $500 a month then you can start to create that extra amount in a week, and then a day and then you figure out how to do it a few times a day.

Mastery is going to come in the same way. You start by learning how to do the smaller things in an excellent way and then you simply do it more often and duplicate your success.

What will you do right now? This is probably the most important question of this entire book. What will you do right now? right now is the most important moment that you have. Too often entrepreneurs spend too much time thinking about either the past or the future.

Your past has already gone. you can’t do much about that. Like I said in my section on innovation if you spend too much time in the past you will be left behind and overtaken by what is coming tomorrow. Other than contributing to your experience and your memories, your past has very little value. Your past will never significantly grow your bottom line.

Your future has not yet arrived. And although you can plan for it and should plan for it, there is no guarantee that what you plan for will arrive as you requested. Life has a way of throwing curve balls at you and things don’t always turn out as planned. In addition, if you run with how you calculate your future to be you will miss out on a lot of opportunities that present themselves along the way.

That’s why you cannot neglect this moment – now. Now is only the tool which builds dreams and changes situations. We have all heard before how people will take the word NOW and they will spell it backwards to get the word WON. I think this is clever but it is also only partly true. After all my research with the worlds top achievers I believe the word NOW should be used differently. Instead of being flipped around I believe each letter represents a new word.

N – No

O – Other

W – Way

If you are going to be successful you have got to use the moment NOW, because if you don’t there is no other way you are going to be successful. And NOW is a fragile word. If you even whisper it, it will disappear into the past. Your most powerful success can only come as you seize this time and make of it something that you can be excited about. What will you do right now to become a master of the things I have shared in this book? And will you start doing it right now? Your answer to these two questions will be a direct reflection of the success which you will experience.

A special invitation for you?

Now that you have these lessons and concepts before you I am confident that you also have some ideas of some things that you want to bring back into your business. My experience has shown that many people start enthusiastically but then run out steam and also run out of ideas on how to take these concepts further so they can really start to make the money they were thinking about.

It is for these people that my team and I have devised a way that we can be of service to you and help you really bring these tools and systems into your business. We call it the Millionaire Mastermind.

The foundation of the coaching program is my extensive research into the lives of more than 400 of the world’s top achievers. This research has been the basis of my books, movies, TV program and other appearances. It is this content has me coming back again and again as a featured guest on ACB, FOX, CNN, NBC, CTV, CBC and more. Most importantly it is this content which is changing and improving lives and businesses around the globe. I know it can make a difference for you too.

Douglas Vermeeren

Douglas Vermeeren

Douglas Vermeeren is known as the modern day Napoleon HIll for his extensive research into the lives of more than 400 of the worlds top achievers. He is the author of several books including several in the Guerrilla Marketing Series. He is also the producer of the hit personal development films The Opus and The Gratitude Experiment. Currently Doug appears on more than 200 TV shows each year as an expert on wealth growth, personal development and success. You can find out more about Doug at http://www.DouglasVermeeren.com

Money – Why you need to prepare now more than ever before!

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Why you need to prepare now more than ever before!

By Douglas Vermeeren CEO of The Millionaire Training Systems & Maximum Results

Are you financially prepared?

Are you financially prepared?

Every morning I start my day by checking the news to see what’s going on in the world.  As a general rule the news is pretty negative and often times even exaggerates that negativity just to get our attention. This morning I found a story that was very interesting to me, not just because of the shock value of the content, but because the content was terribly true.

I have actually seen the subject matter manifest itself many times before me when working with those who come to my training programs. I’m glad they come because they can get help but many of them are arriving too late.  The name of the article was ‘Why Millennials may never retire.” Are you going to be ready to retire? Nicole Goodkind of the Daily Ticker/Yahoo Finance doesn’t think so and for the most part I agree.

According to her research those born between 1980 and 2000 may never be able to experience retirement. She states that, “The generation that came of age in the tech boom of 1990s but graduated from college into one of the worst recessions our nation has ever seen is left behind financially.” It is true that they are behind. Youth that are emerging into the working markets now are finding it very difficult to find jobs that pay high enough to meet their financial requirements. The median debt for students upon graduation is $23,000 and it is estimated that more than 7 million college grads are on a path to default on those loans.

Goodkind also cited a recent study by Nerd Wallet that estimates these same college graduates will not be able to retire until age 73. That’s 12 years later than the current national average age of 61.

These shifts in our economy do not only effect the millennials. I have seen first hand through those I have met that many over 40 are also struggling to prepare for retirement. They have no savings, no investments no retirement strategy. They too may be on track to work well into their mid-70’s, if they can retire at all.

Will you be included in this group? What can you do to avoid falling into the trap of being unprepared?  Here are a few suggestions that will help you begin to get prepared so that you can leave the herd that will very soon find themselves unprepared.

1)Start thinking about it

Too many people think that things will just sort themselves out. They don’t feel that they need to think about money, retirement or even get prepared. It’s like the fairytale story of the grasshopper and the ant. For those who are not familiar with the story the skinny goes like this: The grasshopper plays all summer while the ant is working hard to stockpile food and supplies to prepare for the winter. The winter comes and the ant is prepared and the grasshopper is not. Too often people live their life like the grasshopper. They know that they have to prepare for the future but they keep putting it off thinking they will have time to catch up later. Summer draws to a close and the winter creeps up and they are not prepared.  You can’t escape the future by pretending it doesn’t exist. It is coming and while I am not a doom and gloom type of person I warn very strongly that it’s easier to prepare now than try and catch up later. A future situation will not go away by pretending it’s not coming or by not thinking about it. Start thinking about it now and preparation will be easier.

When should you start thinking about it?  Naturally the earlier the better. It’s also true that the earlier the easier.  It’s also true that the earlier you start preparing for your financial freedom the sooner it will arrive. Although this article has spoken a lot about the term retirement that’s not the goal as I see it. the goal is financial freedom and that can arrive at nearly any age and is not tied to the concept of retirement in my mind. The old saying is true, “If you play now, you pay later with interest. If you pay now you get to play later with interest.” Now is the time to start acting smart with your money.

2)Look at where you are

Most people don’t know what their current situation looks like. This is the first step to know what your future can look like. While I not strict about keeping an exact budget it is important to know what your income and expenses look like. Naturally there may be unforeseen expenses but the closer you can get to identifying your current situation is the more likely it is that you will begin to recognize what’s really going on with your money. (More about why this is important below under the heading money strategist.)

3)Look at where you want to be

If you don’t know where you are now chances are you really don’t have a good idea on where you want to be financially in the next few years. Often when I ask people questions about their financial future they share ambiguous statements like, “I want to be rich.” or “I want to be financially free.” But most people have no idea what that really means or looks like. If you can’t describe it you can’t attain it. A goal that is specific and clear becomes attainable and near. What do you want your lifestyle to be now and when you retire? Or what does financial freedom look like to you? Get specific if you can so that you have a target. I recognize that this may change but if you begin with a target you have something to recognize whether you are on the way.

What does your financial future look like?

What does your financial future look like?

4)Become a money strategist versus a money manager

This is the point that is the most important. A money manager is what most people have been trained to be. A money manager is reactive. They get their paycheck and then go about the task of making that paycheck fit the bills they have. When they get to the end of paying their bills they feel successful. At the end their may be $100 or $200 and because they feel like the goal has been met that $100 or $200 becomes what they call ‘disposable income.’ Disposable means to throw away and that’s exactly what most people do with their money. A money strategist is different and has different goals. A strategist is not react – they are proactive. They plan for the future and their goal is not to match a paycheck to expenses. Their objective is to pay the bills but also to build a better financial future. When they have that extra $100 or $200 left after paying the bills they use it further their future income in some way. Often it goes into an investment or a mechanism to generate more money for the future. remember the saying pay now to play later with interest. This is that principle in action.

There are many things you can do to prepare for financial future right now. But the biggest and most important principle is to do something. even something small done regularly has the power to change your situation dramatically. Don’t wait. Get prepared. Your financial future is awaiting you and financial freedom can be yours quicker than you may have imagined.

Douglas Vermeeren

Douglas Vermeeren

Douglas Vermeeren has conducted extensive research into the lives of more than 400 of the world’s top achievers. Douglas Vermeeren knows what they did to get to the top and he can show you how.  He appears regularly on ABC, FOX, CNN, CTV, CBC and is known as the modern day Napoleon Hill. He is the author of 3 books in the Guerrilla Marketing series and is the creator of the hit personal development films The Opus & The Gratitude Experiment. His money based coaching program The MILLIONAIRE TRAINING SYSTEM has been helping attain financial freedom in the most direct and quickest route available.

His results based coaching program MAXIMUM RESULTS is currently among the fastest growing in the nation. For more information on Doug and his programs go to www.MillionairetrainingSystems.com www.MaximumResultscoaching.com or www.DouglasVermeeren.com

Millionaire Training Systems

Millionaire Training Systems

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Maximum Results

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November 17, 2013 at 2:03 am

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Does financial education cost or pay?

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Money Smarts

How smart are you about your money?

Does financial education cost or pay?

By Douglas Vermeeren

To often people forget that every purchase we make is an investment. Everything you buy gives a return as we mentioned at the beginning of this book. It will either give you increased quality of life, enable to you to create or allow you to contribute. The investment in your education will also give you the ability to progress in these three areas.

If you would be financial free you must learn what it will take for you to arrive at that destination.

Too often people look at the price of education both in dollars and time and become frightened that the burden is too big. I would strongly state that the price of ignorance is where the real cost is. Ignorance limits your ability to see things as they really are and to utilize tools that you may not yet be aware of. Often we forget how lessons early in our lives changed our lives. If you had never learned how to walk, tie your shoe or ride a bike your freedom and opportunities would be extremely limited. The same is true of financial education. the more you learn the more power and ability you have.

The more you learn the more you earn.

Education also allows you to become more resourceful. Resourcefulness is the key to making big deals happen. When you know how to play by the rules then you can start working on the stuff that goes beyond the basics.

All top athletes learn the basics before they learn the extraordinary stuff that makes them superstars. The same is true with wealth building. Learn as much as you can about the basics and suddenly you will begin to develop the ideas and skills that will grow your wealth in extraordinary ways.

What about school?

Now let’s shift gears for a moment. What about increasing your education in school or university? Does staying in a formal school longer hurt or help your chances for being more financially successful. I still remember my parents (and maybe yours did too) threatening that if I did poorly in school that I would be destined to a job that would leave me broke. They further added that if I wanted to properly take care of my family I would have to do well in school to qualify for a job that paid well. Has anyone else ever heard that?

Is it true? Is it necessary for you to do well in school in order to achieve success?

In my own personal experience it hasn’t been especially true. I did average and below average in most of my courses, yet I have been able to create a pretty good financial situation for myself. I have seen the same of many of my friends and it was very common among the business leaders I have interacted with and studied. I believe that this notion is a little old fashioned as well. In the past most people relied on their income streams to come from others. Today we live in a time when most people have access to tools and business opportunities to create income streams beyond the traditional work place. No longer do we have to prove to a boss that we are worth the raise. Many of us are actually our own bosses and our raises will come as we go out and get them.  Street smarts seems to be the order of the day, not a college or university degree.  We have all heard by now, the success stories of people like Mark Zuckerberg, Bill Gates, Steve Jobs and others who did not complete their schooling with flying colours, yet became highly successful. This trend is starting to become more common.

Before I leave this subject however, I want to stress that I am not against formal education. I am simply stating that not all of the learning happens in the classroom. And a grade of A+ is not required to become financially success. In fact, the most important learning happens outside of it in application. Most people who acquired less that stellar grades actually do quite well when the learning style is switched to real life application. Maybe our schools need to add more of that component to supplement the theory.

In addition, I want to leave you with the clear understanding that I am for education. Formal and informal. I personally, still attend training on a regular basis and I do courses through correspondence and continuing education through Universities across the nation. Education will expand everything about you. But what I have observed is that your street smart education will generally have a stronger influence on your financial future and that expertise only comes as you are in the real world practicing what you’ve learned in school – and then learning how to do it better.

 

Douglas Vermeeren

Douglas Vermeeren

Douglas Vermeeren is considered the Modern Day Napoleon Hill. He is the CEO of the Monthly Millionaire Mentor Program, author of Self Made Millionaires for Dummies, Guerrilla Millionaire, Guerrilla Achiever and The Millionaire Myth. For more on Vermeeren go to: http://www.DouglasVermeeren.com

Buy your way to a Million dollars? Sure why not.

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Millionaire Mentor suggests business

Millionaire Mentor suggests business

 

Out of the self-made millionaires created in the world today 84% are created in the area of business. If that many self-made millionaires are made in this category it definitely merits a closer look.

Here are a few options:

Starting a business

You may have a great idea for a business. Keep in mind not all businesses are winners. A lot of business in fact fail and the vast majority of businesses make under $200,000 a year. That quite a distance from a million. So what are the key factors that make a businesses success more likely? Here’s a few quick questions that I try to create when building a business and ask when buying a business.

 

Is there an interested audience ready to pay for this product or service?

Are there systems to make this transaction or if not, how easily can one be created?

Is there management in place to keep the system running or improve upon it?

Does this business model have the potential for growth?

Is this business something that interests me?

 

Depending on how powerful the answers are to those question dictate whether or not I will move forward. You’ll notice that I don’t spend a lot of time wondering if I like the business. It’s actually the last question. While I think it’s important to be involved in something I enjoy it’s more important to remove emotion from the equation. If you aren’t making money you won’t have the privilege of being in business long and it certainly won’t help you to reach your goals of becoming a millionaire.

 

Quick tip: While there is a sense of satisfaction in starting your own business you can spend a lot of money doing so. It is always easier and generally more productive to buy an existing business with all of the systems and tools in place. It generally allows you to begin with cash flow in place.

 

Buying businesses

You don’t have to start a business. There are lots of great business to buy. Buying a business is a much easier and safer bet in my opinion as well. Statistics confirm that the majority of new business fail in the first two years. The majority of businesses are not profitable in their first five years. And Then there’s the issues of building your brand, finding customers and systematizing all of the details to be able to serve them. Why wouldn’t you just select a business that already has all these things in place and a proven track record and start there? It makes a lot more sense and is far more profitable and less expensive in the end.

 

You’d be surprised at the way these deals can be structured as well. And you never know why someone is looking to sell their business.

 

Recently I inquired about buying an additional business for my portfolio of passive income streams. In my quest for opportunities I found a wellness center that had been operating for nearly two decades. They had a large and loyal clientele and the revenue stream seemed consistent.  After answering yes to all of the above questions I decided to meet with the owner of the company.  The company was owned by an older couple who decided it was time to retire. However, I could sense that while they were interested in the financial benefits of selling the business the husband wasn’t entirely keen on stepping totally out of the picture. So we structured things and instead of me becoming the owner, I became a partner. He continued to work with the management team he put in place part time or as often as he wanted to, and I established another passive income stream for myself without having to put in any time or effort at all. In our agreement I also positioned myself that when my new partners grew weary of the business I would have first right of refusal to buy the rest of the company. I have built many deals where the original owners and I have become partners. Sometimes we have used the existing management and other times we have completely restructured the venture. Remember that everything is negotiable and you don’t always have to buy the entire company.

 

Quick Tip: There are many brokers and resources that sell businesses. You can find many of them online. I like brokerages for business because most of the time they have done most of your sifting already. they generally won’t list a business unless they believe they can sell it. Which means they have already explores the financials, legal documents and assets to ensure that everything they are representing is true. Naturally you will want to do your due diligence as well, but generally speaking brokerages give you a pretty fair head start. And by the way they generally charge the seller, not you.

 

Selling a business

While I like to buy business and hold on to them for cash flow or an increase in value I also like to buy and sell businesses. Sometimes you can make a lot of money doing this. Think of it like buying a fixer upper in real estate. You see a business that has potential, but maybe they are not quite running it at maximum performance yet. (Business being sold by people retiring are a great example. Perhaps they have become stale in how they have things systematized or are not even aware of new technology that could automate things for them allowing for more income.) Well, often when I see an opportunity like this I will buy the company, give it a facelift, increase the numbers and then go hunting for a new buyer. Buying and selling businesses are a great strategy for growing wealth.

Douglas Vermeeren, Millionaire Mentor

Douglas Vermeeren, Millionaire Mentor

Douglas Vermeeren is considered the Modern Day Napoleon Hill. He is the CEO of the Monthly Millionaire Mentor Program, author of Self Made Millionaires for Dummies, Guerrilla Millionaire, Guerrilla Achiever and The Millionaire Myth. For more on Vermeeren go to: http://www.DouglasVermeeren.com

Millionaire Training Systems almost finished

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Millionaire Training Systems

Millionaire Training Systems

I am in the studio today working on our new exciting wealth training project – Millionaire Training Systems – Real Strategies by Real Millionaires. In this program I will teach about how to get out of debt, crete cash-flow and building abundance. This will be a six DVD set where we will go into great detail on the techniques that I use to create more wealth in my own personal life and strategies that I have also seen in the lives of other millionaires. For those who would like to get a set we will be including about $500 worth of bonus materials for the first 100 that order. The project will be available in about two weeks. If you are interested to take advantage of that offer let us know and we will make sure you don’t miss out.

A Secret Lesson in Growing Wealth

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Top Secret money strategies

Top Secret money strategies

A secret lesson in growing wealth

By Douglas Vermeeren

 

There are many financial programs, seminars and advisors that provide  the promise of financial abundance and instant changes to your current financial situation. Yet many of these programs offer complex strategies on money management and investment that either require a degree in economics to implement or in the end don’t provide the pay off that they promise. Is there a formula or system that will work to create greater financial security and an abundance financial future? Is there a strategy that will work for everyone, even those who don’t have extensive financial education?

 

Some gurus suggest there is no such thing as a blanket answer that will provide a solution to the financial challenges that so many people face today.  But is there?  And if there is, where do I find it and what do I do with it once I possess it?

 

There is a solution. One that will will work for everyone. The only difference will be in how it is applied. The challenge for most people is that this solution has been a secret. When you hear what it is you may not agree that it’s a secret, because it is so simple. But just because an idea is simple – don’t mean it is well understood. In fact, we generally measure how well something is understood by how common it is practiced. If that is the measurement of how well something is understood – then this is one of the greatest secrets ever revealed to mankind about money. Here’s the secret to become debt free, financially abundant and achieve incredible prosperity. Are you ready?

 

The Secret: It’s not how much money you make, it’s how you spend it!

 

The illusion: Most people think that how much they spend day to day is not really going to make a difference to their overall experience financially. But this is far from the truth.

 

The way money is spent in your life will either create freedom and opportunity or take it away.  Too often people assume that incredible opportunity and extreme freedom are given only to those with a lot of money. Again, that freedom and opportunity are found in how the money is spent. We see examples are around us (especially among celebrities and professional athletes) who make millions of dollars but become victims of vice and in a short time find themselves with a shrinking experience of freedom and opportunity until their popularity and money have both vanished. on the contrary we also see many who begin with very little money and ultimately become highly freedom and experience an abundance of opportunity. Such was the case with Warren Buffet who at his first job made close to $12,000 annually but later became one of the wealthiest men in the world.

 

So how should you spend your money for greater financial success? Before I answer that it is important to remember that every purchase you make is an investment. You are trading your money for what you value most. Having said that keep in mind that there are purchases that return value (appreciate) and purchases that do not return value. (Depreciate)

 

The difference between high net worth individuals and those in poverty situations is found in where they spend their money. A recent study demonstrated that people in poverty situations, or paycheck to paycheck survival mode typically spend an average of 97% of the income on purchases that do not appreciate or provide a return in value. This could include things like entertainment, shopping, eating out and so forth. So what amount do you think high net worth individuals spent on items that appreciate in comparison. I am always amazed when I ask this question at seminars. Attendees usually shout back answers like 50%, 60% or even as high as 80%. Is that what is required to become financially abundant – to dedicate the vast majority of your entire income to your future financial self. It doesn’t sound like fun.

How are you Spending your money?

How are you Spending your money?

 

Thank goodness that is not what is required. In fact, the difference is quite small. High net worth individuals actually spend only an average difference of 5% on assets that appreciate. But that 5% makes a huge difference. It reminds me of the saying that a large ship is steered by a small rudder. This is true in wealth building as well. The difference in the large things comes down to consistency and effectiveness in the little things.

 

One of my favorite life experiences so far has been to stand on the Great wall of China. Although the Great wall can be seen from outer space, when you get up close its interesting to see that it is really made up of small tiny bricks. This is the same way financial abundance is created. Small moments assembled to create significant victories.

 

One other thought: You may have heard about the expression – ‘Disposable income.”  I don’t believe it exists. Disposable means to throw away. If you are in the habit of throwing money you will never be financially free. There is no such thing as disposable income. And if you have been throwing away your money – stop it.

 

Remember how you spend your money makes all the difference.

 

So what can you do about it?

 

– Start looking more carefully at your purchases every day.

  • Consider what these purchases are costing you monthly and yearly
  • Explore where you can better use your money

 

Remember it doesn’t take a large shift in your money to make a difference. But it does require that you make some changes and you become consistent in better spending habits. As you do this you will find greater financial abundance and more freedoma nd opportunity.

 

Douglas Vermeeren - Millionaire Mentor

Douglas Vermeeren - Millionaire Mentor

Douglas Vermeeren is the CEO of the Monthly Millionaire Mentor program (www.TheMonthlyMillionaireMentor.com) He is also the author of Guerrilla Millionaire, Self-made Millionaires for Dummies, The Millionaire Myth, Millionaire Wisdom. He is considered one of the top wealth trainers in the world today. You can find out more at www.DouglasVermeeren.com