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Do this or you’ll work until you die – Douglas Vermeeren #1 Passive income coach

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Warren Buffet once said that, “If you don’t learn how to make money while you sleep you are destined to work until you die.”

Most people agree and know they need to do this but they are held back by a lack of knowledge. They are also often stuck because they see others making passive income through MLM or online and think that is the only way. While these ways can work well for some they are by no means the only way.

Recently I made a list of the various profitable passive income methods I have used or taught my students and we have come up with an enormous list of things that quite frankly anyone can do. You can do it too.

Many of these methods are accessible and very cost effective to create.

It is important to remember that all assets, systems, joint ventures or opportunities that produce passive income will require resources to set up. That’;s not always money. It could be time. It could be expertise. It could be some form of collaboration. There are many ways to do it. (And many ways most people have never thought about.) But the most important thing to remember is that you will be expected to do something.  Even passive income streams are not completely free. That’s why its also important to choose to inject your efforts and resources into the assets that will give you the besets returns.

Set a goal to start creating and stop hesitating. And if you need help stay close there’s lots of free ideas and strategies that I keep sharing and if you want to go deeper reach out and I’ll help you.  Subscribe to my blog and stay tuned as I am going to start sharing the list of passive income possibilities and share with you some easy strategies on how you can get  them started for you.

 

#1passiveincomecoach #Douglasvermeeren #douglasvermeerenmillionaire #cashflow #passiveincome

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.

Millionaire Training Systems coming to Vancouver August 26th.

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Douglas Vermeeren – Wisdom from a millionaire

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Douglas Vermeeren  Wisdom from a Millionaire

Douglas Vermeeren Wisdom from a Millionaire

Stefan Aarnio joins the Monthly Millionaire Mentor faculty.

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Stefan Aarnio joins the Monthly Millionaire Mentor faculty.

Do you wan tho learn how to joint venture with people? Do you want to understand how to do deals with other peoples money? Especially in real estate? Well, you’ve come to the right place. The Monthly Millionaire Mentor program has just brought Stefan Aarnio into it’s program as a faculty member to teach joint venture partnership techniques. What qualifies stefan to do so? Stefan is the winner of the Western Canada Investment award – Joint Venture Partner of the year for 2012, and he’s already been nominated again for 2013.

Starting with just over $1,200 of his own money less than a year ago, stefan has amassed nearly $2 million dollars in holdings. Not a bad track record wouldn’t you say. Stefan will be teaching Monthly Millionaire Mentor members some of his techniques later this year in several of our coaching calls and live events. Be sure to check out our website for event details and dates.

 

 

Douglas Vermeeren coming to Winnipeg

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DISCOVER THE 3 SECRETS ALL MILLIONAIRES KNOW

and how they can give you greater financial advantage right now!

Meet In Person: Douglas Vermeeren, Author, Investor and Wealth trainer. CEO of the Monthly Millionaire Mentor

For many people today’s economy is creating significant financial difficulties. It is hard for most people to save let alone become financial free.  It is not uncommon to hear of forced foreclosures, credit cards maxed out, delinquent lines of credit, collection agencies calling and more struggles. All because of a lack of money! But it doesn’t have to be that way.

ARE YOU FALLING INTO THE POVERTY TRAP?

If so, it’s time to get out!

Even in these hard economic times there are vast fortunes made. What are the differences between the wealthy and the impoverished?

The differences come down to two things: correct knowledge and opportunity to implement.

How many times have you heard someone say that they missed out on an opportunity simply because they didn’t know where to go or what to do?  Have you ever felt that if YOU were given the opportunity you could change your entire situation?  Good News: The opportunity is here and your financial situation can change! It’s ABSOLUTELY TRUE! When you know what to do and are given the opportunity to do it your financial situation can change immediately.

Now here’s the part that should interest YOU the most!

YOU ARE AT THE RIGHT TIME AT THE RIGHT PLACE!

Now is the best time in the history of the world to grow wealth! According to a recent study from the University of Toronto, there are more than 10,000 millionaires in the world today.  There are more than 200,000 new millionaires created every year. That’s 547 per day! Is it time for you to join the club? Douglas Vermeeren, (Author of Guerrilla Millionaire & Self Made Millionaires for Dummies) wants to share 3 secrets that all Millionaires know about knowledge and opportunity that will dramatically change your financial future right now!

THIS FREE EVENT COULD CHANGE YOUR LIFE

Douglas Vermeeren will be in WInnipeg for one day only on November 22, 2012. We would like to invite you attend this workshop. At this workshop you will learn 3 secrets that all millionaires know about creating wealth. Armed with this knowledge you will be in a position to change your financial future forever.

FREE WORKSHOP COMING TO YOUR AREA

November 22, 2012

Reserve  your seats today by Calling 1-877-393-9496

Confirm your seat to attend and receive a free bonus gift valued at $39

Not everyone can be Rich? Is this true?

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Can I be rich?

Can I be rich?

 

Not Everyone can be rich? Is this true?

(an Excerpt from The Millionaire Myth by Douglas Vermeeren)

One of the most oft repeated excuses keeping people from becoming wealthy is the idea that ‘not everyone can be rich.’ There are three specific problems with this common belief. We’ll address each of them.

1)Not everyone can be rich, therefore I have no choice but to be poor.

The thing that many people do not grasp is that not everyone can be poor either. Who gets to decide? of course, you do. And those decisions are happening every moment of the day. All decisions begin first in your thoughts.

Someone does have to be rich and someone has to be poor. The question is ‘Why can’t you be the rich one?’ There is no reason it couldn’t be you, except for you.

Decide today that you can be among the rich and abundant.

2)Not everyone can be rich because being rich requires specific smarts and ability.

While becoming and staying rich do require you to learn certain things, these things are generally not the things learned in school. The things you need to learn about creating wealth are less about the lessons and more about the character traits.

Several of the most well-known millionaires and billionaires did not excel in their post secondary education. Fred Smith, founder of FedEx, shared his overnight delivery concept for a University class at Yale. The professor awarded him a C for the project.

Some financial giants even chose to leave post secondary education to grow their business. Bill Gates for example left Harvard University without completing to start Microsoft.

In regards to formal schooling Eiji Toyoda, The founder of Toyota motors once said, “…more important is the work a person  accomplishes in the 10 or 15 years after school.”1.

While school smarts are valuable there are attributes that are more valuable. Things like discipline, self-control, tenacity and patience. You have got to learn to control emotions like frustration, anger and greed.

Many of the most successful millionaires and billionaires in the world have experienced several setbacks. One report suggests that the average self-made millionaire suffers bankruptcy 3.2 times.2.

There are going to be times that will test you to see how bad you want to become rich. Becoming wealthy is not a simple exercise of ‘sit back and watch.’

You have got to want to make it happen and then get busy doing the right things.

3)They don’t really have a real understanding of what rich is.

Lastly, many people do not understand what it is to be rich. One definition of rich is to be able to make whatever choices you wish without considering the financial cost.

In my seminars “The Millionaire Experience” we share the concept of finding your Financial Freedom Number. You Financial Freedom Number is simply the income or cash flow amount that needs to come to you every month guaranteed, to cover your financial obligations. Once this number has been met you are free to make any and all choices you want to better your lifestyle.

The challenge that most people have is they have no clue of how much they need every month to become financially free. (In the book The Millionaire Myth there are some exercises that will help you determine this number.) Once you understand what this number is you can go beyond your Financial Freedom Number to something called your Financial Fortune Number.

This where your wealth can grow exponentially. We’ll talk more about how to build this number in a future setting. The key principle that I want to leave with you now is that most people don’t understand what rich looks like for them. They simply say I want to be rich and have now idea what the target looks like.

When you have a clear view of what you want to accomplish, your chances of accomplishing it grow.

So decide to be rich today. Recognize that anyone can do it if you have the right attributes and get to work doing the right things. And lastly, get a clear vision of what rich looks like for you. Armed with these three tools your chances of becoming rich will increase dramatically.

1.Billionaire Success Story: Eiji Toyoda – Toyota p.1

2.The 21 Success Secrets of Self-made Millionaires, p.2 Brain Tracy

Douglas Vermeeren, author of The Millionaire Myth

Douglas Vermeeren, author of The Millionaire Myth

Douglas Vermeeren is the founder of the Succeed Research center. He has conducted similar research to that of Napoleon Hill (Think and Grow Rich) by studying the lives of more than 400 of the world’s top achievers. He developed several success systems that have revolutionized personal lives, business and financial situations for hundreds of people around the globe. Doug is also the producer of the film The Opus featuring Jack Canfield, Mark Victor Hansen, Joe Vitale, Bill Bartmann, Marci Shimoff, Morris Goodman, Bob Doyle, John Demartini and others.

The Millionaire Myth

The Millionaire Myth

Douglas Vermeeren is creator of The Millionaire Experience and the author of the book, The Millionaire Myth.