Saturday, June 19, 2010

5 Secrets to Money Making

Introduction
What comes to your mind when you think of lots of money? Most people think of cars and a great lifestyle and grand life. But many modern millionaires live in middle-class neighborhoods, work full-time and shop in discount stores like the rest of us. What motivates them isn’t material possessions but the choices that money can bring: “For the rich, it’s not about getting more stuff.

It’s about having the freedom to make almost any decision you want,”. It means you can send your child to any school or quit a job you don’t like.  Money doesn’t mean having lots and lots of possessions but having more and more freedom of choice. But those who have the richest people on the face of the earth have certain qualities and traits which set them apart from those who have no money. So you can have those qualities and become rich.

Focus your Destination…!
The first thing is the want. Wanting to be rich or successful is crucial to your way. Most people fear when they encounter something difficult or different. “The biggest obstacle to wealth is fear. People are afraid to think big, but if you think small, you’ll only achieve small things.” So to achieve big things, you must think big. You will become what you think about, what you focus.
Educate yourself 
The next step to more wealth is education.
One of the biggest obstacles to making money is not understanding it: Thousands of us avoid investing because we just don’t get it. But to make money, you must be financially literate. So read books, magazines about financial management and economic items. Self-education is a must. Don’t wait until somebody comes and teaches you and don’t even let bad times teach you. The best learner is one who learns in good times. Now are your good times, start educating yourself in every way.

Passion for Success
Nothing is achieved without passion. The positive attitude always works. According to research by Thomas J. Stanley, over 80 percent of millionaires say they never would have been successful if their vocation wasn’t something they cared about. So care about your profession, love your subject, think about your vocation and be passionate about all these things then comes success. Passion and Passion only pays off.

Habit of Spending Less
Every millionaire that we talk to has one thing in common: Not a single one spends needlessly. The rich are rich is partly because they spend less, they don’t spend needlessly. Steve Maxwell, the finance teacher, looked at a $1.5 million home but decided to buy one for half the price because “a house with double the cost wouldn’t give me double the enjoyment.” No kidding! Talk show host Tyra Banks calls herself the Queen of Cheap and keeps perfume samples from magazine ads in her purse for quick touch-ups. Shah Rukh Khan stills likes socks from the downtown. So the greatest secret to money making is spending less. If you work on the above secrets, you will be wealthy, but wealth only monetary terms is shallow, real wealth is freedom of choice and independence from time and money.



Conclusion


Success is first a BEING choice and then a doing thing, yet most of us have it backwards. The success formula is, and always has been, BE DO HAVE, not DO HAVE BE. And if you want success far beyond the ordinary, you’ll want to learn why the process of becoming wealthy is actually a spiritual journey of self-discovery. If you discover yourself, you can discover wealth for yourself.

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