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by Wilson

Why? Why? Why?

July 20, 2007 in Business, Education, Lessons, Money Problems, Motivation, Random Thought, Solving Problems

Having been schooled for most of our lives and Engineering being engrained into our heads through high school and College, our minds are wired to solve problems by constantly thinking about them until we actually do. Solving the problem is actually easy to do. The hard part is finding the root cause thats causing the problem and then maning up to do what it takes to solve it. We were the type of kids in school that talked about exam questions after the tests had been taken hours and even days before. We actually memorized problems and tried to figure out if we put the right answers on the papers. Our friends back then thought we were nuts for doing that.

People we talk to have just said to let the loss or setback go and just move on. Our progress for a comeback is really really bad because we did not let go of it yet and can not until we go back and find the root of the problem – its just in our nature.  It is also a lesson that was just meant to be learned. Yea people say diverisfy, diverisfy, diverisfy, but that is not the root cause that led to our setback. If one is to keep asking WHY? he can see it is not the cause of the loss or setback. It is good advice though. After days of thinking and asking the question WHY? we have come to see the major flaws in how we thought, acted, in our systems, and in our business. The next step is to solve these problems on our existing systems and carry them through to future ones.

Below is an illustration of how asking the question WHY can help you find the root cause of your problems. It is usually asking 5 whys but you can do more or less to get to the root of your problem. Take care in not going too far because God, religion, pursuit of happiness, and existance and purpose will probably be mentioned or appear. Then you got a whole new set of questions.

fivewhys.gif

5 Whys to Find Root Cause

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by Wilson

Banned from Google Adsense – Lost $200,000

June 29, 2007 in Business, Education, Lessons, Wealth

I don’t even have the words to describe the frustration we are going through right now. The total loss is around $200,000 or something but we don’t have an exact amount because we can’t log into any of our AdSense accounts. With server fees and programmer fees still bleeding us right now as I type. It’s quite depressing and the only reason why I decided to blog about this crap is because I read John’s post a few days ago. He did warn his readers about putting all their eggs in one basket way before this post but I just never broke the “engineer’s mindset” of trying to optimize systems with the training I went through in high school and college. I just thought that I could make sites with AdSense generating all the revenue. We never thought that this would happen to us. We were so close. We thought that it only happens in the movies – where the hero works so hard and is so close to achieving his goals and winning, but then losses everything because of something so small and stupid. Think of when Rocky lost all his fortune when his brother in law, Paulie signed a contract giving his lawyers power of attorney. Or when Tony Montana from Scarface lost everything because he got greedy and careless. We always thought that that would never happen to us and that we were smarter than that. One of the main things we have learned from this is that money can make you STUPIDER and lazier.

I think one of the possible reasons why we got banned for invalid clicks is because we logged into our accounts during our vacation in LA. Also it is possible that someone found our major sites and click botted for days when we were on vacation. We do not know if any of our sites were attacked or not but we have always purposely kept our personal sites like this blog low in traffic because I was scared that haters would do something like this. We have already appealed the bans but so far nothing but canned responses. There is no phone number or address or any humans there. Their forums are useless and replies just go unanswered.

I feel really cheated with the payments pending to arrive in days when we got the ban emails for invalid clicks. Google does not pay publishers even for the previous month’s earnings if you get banned. There was no warning and it never entered my head that I could lose all of our adsense accounts. We never clicked on our own ads nor told anyone to do so. We even kept most of our sites a secret. It’s not even about the money. It’s about the businesses and passive income we worked so hard to build. I have no idea how we can come back from this. I think the only person who truly knows and understands what we are going through is Robert Kiyosaki who lost his very successful business because of some stupid little mistake. I guess it is true, that true success comes only after many failures with priceless lessons. This is the greatest failure/setback that we have ever had in our 25 years of life so far. It has really opened our eyes to strive to become better people, businessmen, and being more grateful. The measure of a man is not the amount of money he has or the amount of daily passive income but the wealth of happiness he has during his time on this world. When we were banking all that money everyday we should have been more grateful, less arrogant, more careful, and should have been happier. We never truly appreciated what we had until we lost it. I should have actually followed what I posted here: Strategy for Success.

During the last few days when we were really down feeling stressed, depress, and even suicidal – one of our old high school friend called us. Surprisingly it uplifted us. We had last talked to him about 2 years ago but during this unexpected phone call he told us that he was actually starting on his journey to mastering money. One thing he said was “Don’t worry guys, you’re gonna make a comeback.” We are neither poor nor rich now but the knowledge and experience including this painful $200K lesson which we have learned during our journey so far is priceless.

I do not know when/if we will ever post again here. Hopefully we’ll make a come back. Cherish your success and time. Be GRATEFUL for what you have and Good Luck.

Henry and Wilson

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by Wilson

How to Start Making Good Money, Today – Part 3

June 12, 2007 in Business, Money Making Ideas, Motivation, Self Development

Want to make more money? I mean a lot of money – a lot of easy (passive) money? Then you have to start your business. Just like the word ‘stocks’ or ‘options’ or ‘investments’ a lot of people will just roll their eyes and conjure up their preconceived ideas and emotions to that word. ‘Ahh another silly blogger talking about business’ will probably be your thoughts. Its quite understandable too – a lot of bloggers these days think that they have a “business” just because they have a blog site up and are earning 1-2 bucks (if they are lucky) a month putting in 2-6 hours a day.

Lets just settle a few questions with this post – First off my twin and I want to make it clear or state right now that we do not make even 50 bucks a month on this site/blog at this moment. Its the truth. I probably spend about a good solid 30 minutes a day on this blog when I get bored which is more time I spend on some of my income producing businesses and sites. I’m not gonna lie I tried to montenize this blog but have found out that it requires a few resouces we need to secure first to make it scalable, automated, and profitable. The blog business jsut does not fit my style of business right now but it can. My twin and I found this out after the first 2 weeks of starting this blog but just did not have the vocabulary or words at the time to explain it. So like most bloggers we just kept the way we did business like usual – hence we are averaging 30 cents per post right now. HUrray! We did however take the lesson from it and made other sites. Hence you also see how we did not blog for weeks at a time. We started this blog to track our journey to mastering money or getting out of the rat race, or getting passive income or whatever idea we had back then. Basically a journal for those who shared in our journey. I know exactly what new and starting entrepenuers want/need even if they only know it subconciously or not or just don’t have the words to decribe their wants. We even wrote a book on it but took it off the market. Anyways…

So what the heck is a business? To me and my twin a business is just a money making system where we just set it up correctly and collect the cash – freeing more and more of our time to do whatever. Some people like to set up a system, make it work for a few months, sell them, then repeat the process again – that can be fun but is too much work for most people.

How to Start your very own business these days

Don’t waste your time and think that you have to get special education like an MBA or a business experience from a company to start your business. You don’t even need to form a company or make business cards or quit your current job. You don’t even need an original idea or a good idea. You don’t need a ton of money to start. And you DON’T need to dedicate long hours to start. Also if you are into the website business you will soon find out that you really don’t need to learn all that goobly goop fancy java/ajax coding technicals. What you do need is motivation to actually start in the beginning. You CAN NOT be lazy in the beginning. Even though your goals is to get sweet passive income, you have to go through the trails and test a lot of stuff to build your own style of successful businesses. This means you have to take action to actually try to setup a system to make money to MAKE yourself a GOOD business man or woman.

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by Henry

I Got Here, So Can You

February 13, 2007 in Business, Investing, Lessons, Money Making Ideas, Self Development, Success, Wealth

If you are new to the making money business or are just thinking about it, you should probably read this post. I’m not going to go into details about all the ways you can make money now online and offline because there really are countless ways to do it now – many suck, some work, some don’t, some work but are proportional to how much effort you put in. You can just google it and see that there are endless ways to make money now and new ones are popping up everyday. Just two years ago, my twin and I were still in school and making ZERO dollars on the web. We didn’t have a single website, no clue about html, no clue about “affiliate marketing”, CPA, clickbank, Adsense, YPN, blogs, etc etc. So just how did we manage to reach the point where we are now? I think that there are two fundamental reasons how we got to where we are. The first one is this: Not Settling and staying hungry. The second thing is that we believed we could do it.

adsense twin 1 Jan

adsense twin 2 Jan