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11 Commandments of a Jedi Master
dream big. All the millionaires I interview have big dreams. They believe they are worth more than a 9 to 5 job and that there is more to life than working forty (or more) hours a week for forty years only to then take a forty percent pay cut once retired. These big dreamers are also willing to risk money and time (reasonable risk) and go for it. A number of them have even risked the farm a few times. Do not mistake yourself; I’m not asking you to do that, and I’m not asking you to put all your eggs in one basket and hope. However, you might consider taking a few of those hard-earned dollars and trying something new, maybe just part-time at first. Try starting a small business, going for a stock, or exchanging real estate for cash. You never know, maybe I’ll interview you next time!
Get out of your comfort zone. We all operate in a comfort zone, a specific way of life that we have become accustomed to over time. Unfortunately, these comfort zones often hold us back from what we really want. For years I thought I was worth around $50,000 a year, and during that time $50,000 is what I got paid. I didn’t know any better, so I kept working for another person and earning less than I deserved. Then I experienced a revival and came to believe that I was worth $250,000 a year. I quit my job and started my own business. Well, I didn’t hit $250,000 that first year – but I made $245,000 that year! You have to attack your comfort zone. You have to get out of it; push yourself to do things you don’t like; push yourself to try new things; push yourself to break your bad habits and get rid of your limiting beliefs. Push yourself beyond FEAR! All successful people know the unknown planet, the realm of the unknown and the unknown. Now it’s your turn to join the ranks of these successful people.
Work smart, not hard. Millionaires tend to work smarter, not harder. Do not mistake yourself; they are still inclined to work 16 hours a day, but they use their time much more efficiently than others. They have a better plan for making money and a better plan for profiting from their work. And if they are going to work sixteen hours a day, they want to personally reap the fruits of their labor. Their time is worth far too much to waste making money for someone else. Here are some smart strategies: Invest in real estate. Own a small business. Let your money make money. Invest in stocks. Managing, but not doing. Be unique in the market. Find successful role models and mentors and follow them. Exchange money for time, not time for money!
Dead or alive. One of the main rules for successful people is “Take action!” While you sit thinking, someone else is doing. People are starting a new business, taking control of their credit, building online businesses, buying new homes, or investing in real estate, cutting their taxes by 50%. Stop analyzing things to death and pass judgment. It is time to act quickly.
Eliminate emotions from decisions. Face the FEAR! In our culture, we are taught to weigh both sides of a decision. For the most part, this is good advice. It only becomes a problem when people get caught up in the weighing. They spend all their time looking for more information. They examine it to death – “Should we? Shouldn’t we?” By the time they make a decision, the opportunity has passed. For most people, there is only one reason they miss opportunities – FEAR! You might feel fear of loss, fear of failure, or perhaps fear of rejection. This fear is holding you back. It costs you financially and emotionally. Contrary to this mindset, millionaires learn to conquer their fears, overcome them, and focus on three simple things: first, investing; second, the return; third, the probability of success. If an investment offers a good return, go for it! Even when you are petrified with fear, you just need to take that first step forward.
Total commitment Successful people give their all and never say the words “I tried”. Either they get the result they are looking for or they don’t. They never choose a project. This keeps them from sleeping late and getting up early. They work 40 hours a week at their usual job, then spend another 20 hours buying real estate or starting a small business, even when they are tired. Let no one say of you when you are old and graying that you “missed your dreams because you watched TV”. All you have to do is set aside time to be successful. It can be as little as eight hours a week to start with, maybe every Saturday morning or every Monday night (well, maybe Tuesday night during football season). Schedule the time and the results will follow.
mentors. Mentors are worth their weight in gold. Take my word for it; it has been proven over and over again! Mentors will teach you things you could never learn from a book, self-study manual, video, or website. When I first learned golf, I already had experience playing hockey, but discovered that swinging a golf club like it was a hockey stick caused a terrible slice to the right. I bought all the golf magazines, books and videos to correct the problem. I was cheap and didn’t want to spend money on lessons. After many conflicts, I decided that I was not the problem – it was the clubs! So, I bought new clubs (Fire sticks). Alas, these new clubs just helped me drive the ball deeper into the trees. Finally, I cracked and bought a few lessons and from the first lesson the problem was corrected! Immediate feedback, a coach, or a mentor can put you on the path to success quickly.
student of success. Millionaires never stop learning. They continually study success. They study money, real estate, business, and asset building. They are thirsty for new knowledge and are the first to buy tapes, books and manuals, or seek additional training. Several years ago, I documented purchases of over $81,000 for seminars, training, and self-study materials to enhance my education. I couldn’t have gotten to where I am now without it. Continuing education is the key to my success and that of countless others. Invest in yourself first!
bounce back well. Millionaires are by no means exempt from failures. They have losses, but they keep a positive attitude. They say to themselves: “I will have them next time. I just have to work a little harder or smarter to get a better result. They know all they need is a better plan and they remember that a flat ball doesn’t bounce – so they keep it pumped up.
Selective memory. There are no failures, only learning experiences. When successful people play baseball, they don’t remember 66% of the time they miss; they remember 34% of the time they get results. They keep their successes close and let go of their failures. The problem for most people is that they refuse to forget the last time they failed. No wonder they stop swinging the bat. Selective memory is the key to success.
Do not abandon. The character of men and women is not measured by the number of their failures but by the number of times they get rid of those failures and try again. Ask Sylvester Stallone Whose Rocky Script Has Been Rejected Over 300 Times! Ask Edison who made over 10,000 (no, that’s not a typo – TEN THOUSAND) attempts to invent the light bulb. Ask Lincoln, who failed a dozen times while striving for political office. Success is just a decision and one more step! Never give up and you will stay on the path to prosperity.
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