Archive for the ‘Money and Wealth’ Category

Mentors should play a strong role in your progression towards your goals. Every successful person I’ve met, interviewed or read about at one point had someone who was smarter, more experienced and wealthier than they are, regardless of how successful they are.

But guess what? Even mentors get blocks! That’s right. They’re human. They get held back by their own ‘stuff’. So, don’t be too hard on yourself if you know if you’ve been holding yourself back. The first step, is to identify that is even the case!

What I have for you in today’s post are the lessons I learned from a private coaching call I had with a mentor of mine (who wishes to remain anonymous). He shared freely and unreservedly about his own journey and growth through his projects. It’s quite amazing, because what I noticed is the same sort of ‘junk’ runs through most peoples heads regardless of whether it is only a small project or if they are playing a bigger game! It’s how you deal with it that counts.

For anonymity, we’re going to call my mentor Mystery Mentor (MM)

Distinction #1 – Don’t sit and hatch

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You’ve heard me talk a bit about outsourcing in previous posts.

If you’re doing it alone, eventually you’ll be doing stuff that’s just treading water, and treading water is not a percentage of the growth of the business. It’s hours. There’s only a certain amount of hours in a day, and if you’re doing things that directly generate revenue, you’re not only losing time but money aswell.

It will get to the point where it becomes three hours a day, four hours a day, five hours a day, six hours a day and eight hours a day where all you’re doing is treading water and remember, if you’re not swimming forward, eventually, it will kill your business.

Concentrate on your strengths. Know what your strengths are and that’s what you want to focus on in your business, and try to delegate everything else.

Know the value of your time. This is very important!! Here’s a quick little exercise that we can do.

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Entrepreneurs are usually full of great ideas. Lots of them.

And if you’ve even had a mild taste of success, you’ll find more and more opportunities come to your desk every day, each promising good returns. Someone like Donald Trump would get hundreds of people knocking on his (well gate-kept) door to do projects with.

My question to you is, do you have a system of identifying what projects you choose and what you don’t choose? I ask this question as it is one that I have been and regularly face when people come to me for joint ventures, and it’s forced me to look at specifically what I want out of business, and life.

And at a recent mastermind group, my peers shared their thoughts on not being clear about what you want. Because this is a guaranteed way to get nowhere fast.

So I’ve tried to keep it simple, and used the acronym…. (F.A.S.T.)2!

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When Athletes and Artists Achieve Their Top Results Top athletes and artists know the state that helps them achieve top results. Psychologists call it a state of great enthusiasm or a state of altered consciousness. Athletes call it the zone. It happens during the moments of your greatest pleasure; when you forget everything around you and allow yourself to go with the flow, get into the zone, contact your higher self, etc. Your conscious mind rests in the background and doesn’t give any instructions. It is interesting that champions have defined this state of ecstasy as the greatest reward, over glory, prestige or medals.

Looking at when such perfect performances happen, you will discover that they only happen when you.re not burdened with how you will perform. The routine of your experience carry you through. This heightened state will remain as long as you don’t think about the results. It happens all the time in sports someone who is not in the top ranking defeats everyone above them and wins the competition. They continued anyway, knowing they had no chance to win, and thus freed their mind of all fears of defeat and delivered the best performance of their career.

All successful people know one important fact and live by it:

You earn money only through satisfying the needs and wants of others.

Think carefully about that last sentence before you shake your head. Nothing is bought, sold or traded that does not satisfy some need or fulfill someone’s desire. Make the welfare of others a chief priority in your life and you hold an important key to lasting success. Find ways to better serve your customers, business partners, colleagues, friends, family and others to the best of your ability. This must be foremost in your mind and reflected in your daily decisions and actions.

It is only by helping others to their success that you guarantee your own.

Trouble only arises when you change your focus from cooperation with others to focusing strictly on yourself; when your thoughts turn towards problems or your own profit then trouble begins.
Just learning to dedicate yourself to the person you are talking to or dealing with, will increase your success in business immediately and substantially!

If you enjoy doing this, you will be not only successful, but happy as well. This is the only way to true happiness: find a need (that unfulfilled, bothers many people) and enjoy filling it. If people do not want or need what you offer (we are not talking only about products and services, but your ideas as well!), you can waste much energy without any (or very little) success.
This idea is easy to understand. When you act in the best interest of others, people recognize and appreciate your commitment to them and reward that commitment by giving you their energy (business, time, attention, loyalty, money) back. Its as easy as that.

Always remember: Your problems are of no interest to the vast majority of people, however, you can solve the vast majority of your own problems by simply helping others solve theirs.

Even if you are not strictly a businessperson, satisfying the needs of others should be your primary objective in life. Most of your daily activities (conversations, shopping, work, play, family life) bring you in contact with others. You will be more successful in every area that involves people if you focus on their needs instead of your own. In the process, you’ll satisfy your needs automatically.

Entering the Millionaire Realm Every day more and more people enter the elite society of millionaires. Unfortunately, only a few maintain their top position of wealth and go on to increase their fortunes.
Your education, color of skin, age, gender or even your profession or measured intelligence does not determine whether you become a Millionaire..
The question you need to ask is, .What do all successful people have in common?.

• Successful people listen to their inner voice, to their feelings and hunches.. In short, winners rely on their own inherent wisdom. Why? Because they already know what you are about to discover, that you already have the path to your unique success within you!
• Successful people see opportunity where others see only defeat. If you read biographies of successful people, you will discover that they saw opportunity in the challenges before them, where others saw only insurmountable obstacles.
• Successful people listen to their own inner voice and become involved in the process of success instead of focusing on the destination of wealth. Its surprising how little it takes, how far a few key characteristics go. Of course, it all begins with taking the first step.
• Successful people do what they love and the money follows. Those who achieve true financial freedom, those who really make it big, do so by doing what they love rather than focusing on the money it will bring them. Successful people concentrate on bringing their ideas to fruition; making money is merely the logical consequence of realizing their dreams. In other words, money is not the dream! Money follows from living your dream, from doing what you love!

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The major difficulty facing most people as they strive to be successful — in this fast-paced, gung-ho, success-striving world — is finding the time in which to complete the multiplicity of tasks that are demanded of them. The truth is the majority of people are just too busy to handle any new disciplines that are required of them to reach success, no matter how attractive the promised results may be. However, as you are reading this I’m sure you will be willing to master the disciplines required to gain more time!
Before when you used to say “…I could never find an extra half an hour every day, never!” Now you can…. there is a solution. It is not easy but then nothing truly worth having in life is ever easy. The smartest solution to finding this extra 30 minutes a day is to wake up earlier. As you journey toward the positive life transformation, instead of getting up at 6:00am, as the old you always did, make it your new habitual response to wake at 5:30am, thereby creating this massively important extra half an hour every day in which to perform something highly productive. This personal sacrifice will now become your greatest winning discipline, dictating the magnitude of your future success and unleashing your power to attain ultimate financial empowerment.

Consider the following scenarios:

Car and truck manufacturers spend fortunes to produce beautiful commercials. Everyone remembers the scenery and the stunning visuals. But who remembers the car or the truck?

An ad wins in the Oscar of the advertising agency, the Clio. All well and good for the ad agency. But sales don’t pick up. Where does that leave the company that commissioned the ad campaign in the first place? A company spends $100,000 for a perfect dot.com name, but less than a tenth of that amount for website design. In the process, it turns away potential customers who find it difficult to navigate the website or find that “hot merchandise” that is being promoted. These are examples of marketing that sucks. Most marketing “sucks” for the following reasons:

Many companies don’t understand what marketing is. One company spent more than a million dollars for 10,000 copies of a beautiful brochure, only to keep them warehoused in the end. The reason? The brochures were too expensive to give away to just about anyone. Companies operate by generalities. An expert says that a 1% hit rate for direct mail marketing is good enough. And companies limit themselves by this adage, if it is true at all. Many companies undertake only one form of marketing, such as print advertising, instead of a swarming offense that targets everyone wherever that person turns, from print ads to outdoor advertising to infomercials.

Many expensive programs are devoid of innovative thinking. They’re hung up on doing what their competitors do, but better. In the end, no one remembers. The key lies in innovation, in being remembered. Many companies don’t make use of available research. There are databases that can be accessed to enhance the marketing effort. Many marketing professionals remain unaccountable for results or the lack of them. It’s all about moving what you sell!

The super successful also have a different take on failure.

Failure is what happens when you do something. The greatest successes in the world also experienced the greatest failures. The all-time strikeout record in major league baseball is held by … Babe Ruth. But we don’t remember him for his strikeouts. We remember him for setting a home run record that stood for decades. No one cares about his strikeouts. The point is he kept swinging the damn bat! Most of us never get out of the dugout—let alone up to the plate. Those people not only wonder why they never hit a home run—and even begrudge the determined hitters who do!

The key to success is understanding your shortcomings

Donald Trump has lost billions in his financial deals. But who cares. He has made billions more with his successful ventures, and he just keeps swinging the bat. After stumbling into the New World, Christopher Columbus failed in his subsequent
explorations and died a poor and disappointed man. But on Columbus Day do we celebrate his dying destitute? Of course not. We celebrate his success.

This reminds me of a story about Tom Watson, Sr., founder of IBM, being asked by a young management trainee, “Sir, how do I get to the top of the management ladder here?” Watson replied immediately, “Double your failure rate, son. Double your failure rate.” His point was, of course, that more failures could only result from more tries, more initiative, more risk taking … all the actions required for growth. Most of Thomas Edison’s experiments failed miserably— thousands of them. He thought direct electrical current was the answer to lighting the world, and that alternating current was
a passing fad. He was wrong. And nobody cares. Instead, we’re indebted to Edison’s genius and his determination whenever we turn on a light bulb or hear recorded music, watch a film. For the super successful, failure is a valuable lesson. It’s a road not to take again, or at least under the same conditions. And then they move on. Failure is nothing more than testing. As Edison said, “Success is 99% perspiration and 1% inspiration.”

To the high performance person, “Fear” is “False Expectations Appearing Real.”

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If you ask yourself: “How do I earn or create a million dollars?” Your mind goes to work to discover the answer. Your mind is compelled to work ceaselessly until a satisfactory answer is found. Note that most individuals ask themselves questions like every one asks: “How do I get a job, salary or work?” Or “Can I earn $50,000 doing this?” The wrong question will generate the wrong result or a less than outstanding outcome.

Questions pre-determine the answer. The size of your question determines the size of your answer. Few people ever ask million dollar earning, inventing, innovating, generating and creating questions. They are yours to ask.

The difference between earning $100,000 per year and a million dollars per year is one zero. To earn a $100,000 per year a person must
work 250 days @ $400 a day. To earn a million a year the $400 must be increased to $4,000 per day. The difference is one zero.

If your loved ones life depended on it could you do it? The answer : “YES!”

Statistics prove that each millionaire creates ten new jobs and each billionaire creates ten thousand new jobs.

As you ask yourself and others better questions, your results will vastly improve, the world will be better off, your quantity and quality of service will expand, the difference you make will experience quantum change, and you will leave a profound legacy.