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by Wilson

Two ‘H’ Words To Help Master Finances

March 14, 2007 in Education, Self Development, Wealth

If you have been reading or following this blog, you probably know the first one I’m going to talk about. That is staying hungry. To my twin and I, being hungry is cruicial if you want to get what you want. I won’t repeat the article about staying hungry here but would like to just mention that there are two forces which drive your hunger. Its pain (hurt) and pleasure (want or desire) which set the bar for your hunger. Learning to control these two forces will help you master staying hungry and on course. And controlling these forces are about 90% mental. You can whip yourself into a white hot heap of anger or hate of the situation you are in and force yourself to change just by thinking of all the negative aspects of the situation, think of all the wonderful things that can be or do both – think of the pain and pleasure.

The second H word that is often overlooked or that is lacking in many “highly educated” people is Humility or being Humble. I don’t mean that a rich guy should wear rags to show humility here. What I mean is that a person should KNOW that he does not have the answers to everything and that there is always someone who knows more than he does. In school we were all taught to act like we know all the answers and to avoid making mistakes. But in order to master money, finances, or any thing in life, you must accept the fact that you can learn a lot from others and that you just don’t have all the answers. You can not shut yourself out or turn your brain off to new ideas just because you think you have the answers or are just taking advice from the same types of people around you. So many people with college diplomas go out to the real world and start making money with thier new high paying jobs and never want to learn anything else on the subject; thinking that they have it taken care of now. They hiss at Robert Kiyosaki’s books or other REAL life educators of finances and don’t even open their minds to the possibility that they might find some truth or wisdom in their teachings. Simply put, they are not humble enough to learn from others who can shave decades off their journeys. In business you see these same guys try to do everything themselves.

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by Wilson

Before You Quit Your Job

March 12, 2007 in Money Making Ideas, Motivation, Self Development, Wealth

That is the title of one of Robert Kiyoskai’s book that I read about 2 years ago. I recently picked the book back up and read parts of it. My twin and I have found ourselves in the same situation as Robert did. To quit our jobs and go full force at our businesses or continuing to collect those safe secure paychecks by our large company. Back and forth, pros and cons, certainties and uncertainties. However, deep down in both of us we know that eventually we will have to cut ourselves from working for someone else and start more businesses to take care of us.

Robert described the day he quit his high paying job as one of the scariest moments in his life. I really didn’t pay too much attention to that opening paragraph in one of his chapters but now I can see the truth in it. There are a lot of unknowns when you go at it yourself. You don’t have the security of knowing that a paycheck will be handed to you at the end of every month you work for a company. You have to be more self reliant than ever. You can’t blame others and have to own up to your decisions and actions. If you don’t you will lose. You also have to learn quickly and adapt just as fast to the change in your field.

 At your job, you have people looking over your shoulder to see if you did things correctly, have time tested and proven procedures, people who have done it already, etc. Another thing is that in the corporate world, I would have to say that 20% of the people there do 90% of the work. If you worked for a large company, you will probably know what I am talking about with all the unproductive meetings, chit chat, zoning-out, soda breaks, internet, chain emails, etc. at the workplace. When you are trying to build businesses or work on your own, you can really see how effective or ineffective you are. You might one day be putting in 15 hours of work but the results may not be profitable. And in moments of trails you might have a single breakthrough (a different way of thinking, or doing) which if you apply can double or triple your income. I know this was the case for my twin and I – we were playing games one day after we spent the last few days working on our sites and we took a break from gaming and just tweaked our sites in 3 minutes resulting in an increase of profit by 200%. 

A good point that Robert talks about in his book is about the success of a business starts before there even is a business.  A business with holes in it will not last. You have to hone your skills to judge wheter or not a business or system is sound or not. That comes from experience.

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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

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by Wilson

Value and Income

January 31, 2007 in Education, Investing, Money Making Ideas, Motivation, Self Development, Wealth

There is a reason why you are earning the amount you are earning right now. It doesn’t matter if you are earning one dollar, one thousand dollars, or $100K a month. Those levels are set by no one else except you. You earn that amount because that is just how much value you are giving out, providing, creating, or sharing. Period. I just chuckle whenever I hear and see employees get jealous at rich people or get angry at their lousy paychecks thinking that someone owes them more. Realistically, if you are an employee and want to become rich through that means only, the odds are way stacked against you to become rich in a short period of time (less than 10 years). You will most likely have to work for forty years. FORTY YEARS to break 1 million bucks while people can realistically break that amount in just 2-5 years today if they put their minds to it. 

Their focus is on something that they do not have complete control over; thinking that their boss, their jobs or their company is the problem. When they focus on that, they lose sight that they are the problem. If you have a money problem, it is because of you and only you can fix it. Your boss is not here to make you rich – he just gives you work and a paycheck. What you do with that paycheck will determine if you will become rich or stay mediocre. That decision on what to do with your paychecks stems from what you think and feel about money. You want to become rich and master money? Start by changing the way you feel and think about money.

You think money is hard to get? Takes a lot of physical effort to get or is in proportional to the amount of time and energy you put in? Okay then you will work hard for the rest of your life. You think money is something that is to be saved and horded up? Then you will just be like a lot of employees who just try to horde and try to save every last penny of their paycheck  always suppressing their real wants, needs and desires. That blows.

On a side note: this also brings up something that I hear quite regularly from people who have family and parents to “feed.” It is a large responsibility to provide financially for them and it takes a lot of guts and character to provide the things they need and want while scarificing/mitigating your own needs at times as well as putting your nose to the grind stone for them. However, if you seriously want them to be “taken cared of” or want their love which it eventually all boils down to, then you owe it to them as well as yourself to seek the path to master money, hard. Yes grinding away at a job can provide all the things a modern family will ever want, but if you have ever wanted more in terms of money,time, freedom and to expand yourself then you have to seriously start into changing the way and amount of income you bring in for them and yourself. Don’t let 20 years pass by then see that you have to start changing the way you make money. Start now.  

Others spend all of it and more. Most are not that extreme in either direction and are somewhere in the middle they save some and spend some. They don’t ever think about how money can be controlled and amplified. Phrased in another way: they don’t use money to create, buy, or rent assets. Again, assets are just things that put money into your pockets. See money making systems. So how do you start thinking and acting like this? It was mentioned in the beginning of this entry  your income is in proportion to the amount of value you give out.

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by Wilson

Unfinished Business

January 23, 2007 in Motivation, Self Development

Nothing is more demotivating than having unfinished business or a project that you once started but never followed through. Everytime you think about it you just get more and more demotivated because you see what is left to do or you see the flaws in the incomplete project. I remember that in high school and in college, I never wanted to start a project unless I could really see it all completed in my head. If I couldn’t see it or have the main components and features worked out in my mind I would procrastinate and drag my feet to even start. I didn’t fear the “hard work” that was going to be involved but it was the fear of not knowing what to do next and the “how do I start” phase that got me. Along the way I heard the phrase: “If its worth doing, then its worth doing badly”. That actually got me motivated to start projects but often times, the results were just not to my expectation. Sure it gives you some motivation knowing that you actually did something but that is just not good enough if your results are not to your liking. Many will say: ” But now you can improve on what you have. Or you learned something at least and did something.” 99% of the population will probably agree with those comforting lines. However, in the real world, if you want to succeed in a particular field, project, business or area in life, you really can’t be that haphazard in your actions and be mentally lazy in the begining. Your results will comeback and hurt you. If anything, you built a poor work habit with weak (lazy) observations skills to the things that are important. How can you learn the really important stuff when your mind is shut off and engaged on the doing part (doing badly too).

You have to put the time in at the front. Yes many people will then argure that you will be paralyzed but that is the first step you have to take if you are serious. If you can’t see it in your head, then you will just be REACTING and get a shitty result. Write it down and break it up into major components. Know your inputs and outputs. Try to develop your focus and concentration skills first before attempting to take on a major project or a project that is important to you. You won’t be able to finish any project unless you have these two skills honed in. I do have to give it up to the school system for developing this skill in their students.

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by Wilson

Getting Out of The Rat Race – Graph Of Results

January 18, 2007 in Education, Motivation, Self Development, Wealth

I recently looked over the progress that was made and the results were surprising. Here is the graph I made showing time and money made per day (including weekdays) from my “side projects” compared to my full time “High Paying” salaried position as an electrical engineer:

Passive vs Earned Income

I bet that every struggling entrepreneur has a similar graph to show – where their efforts show up as almost nothing in the beginning and then explosive growth after their systems are setup properly. My twin has an almost identical graph. My real time frame is actually longer than the one displayed on the graph. During those periods, a lot of trail and error, “hacking at it”, struggling, frustration, and pain were involved. A LOT of times I thought I was going to just GIVE UP and just QUIT but I never did. For me, this was due to the committed decision I made about 2 years ago to not settle for less than what I wanted fanancially.

If you are not fully committed to your decision of “getting out of the rat race” or to become financially free or reaching a definitive net-worth, then you will most likely not succeed or follow through. You will most likely be part of the 97% of people out there who “give it a go” and just give up. Heck these people actully tried though. There are people who won’t even try. There is a saying: “9 out of every 10 businesses fail” and most people today who are highly educated or have jobs just focus on the failure part of it. They dont realize and FOCUS on the ONE that actually makes it. Maybe because they really never thought about how goooood it feels to have a business or something you own or have created that will feed you, clothe you and let you live more freely. They have to get out of their comfort zones somehow. Again, doing that is simple if you are hungry or are awakened. Not giving up when things seem hopeless is a day by day process of building an unshakable character.

Character is something that defines a person’s actions, thoughts and decisions at every moment of their lives and espcially at critical points in their lives. Their character is usually tested at those dark moments of despair and brought to new heights or fame and fortune in good times or after these tests. It is something that can not easily be changed over night (but you can if you are motivated enough) and is usually shaped by one’s life experience, hardened by one’s trials, and sharpened with one’s thoughts of what can be. Getting out of the rat-race or becoming financially free or reaching a financial goal is just a test of your character. Man up and go get whatever it is you want and you build and strengthen your character each time you succeed in following through.

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by Wilson

The Secret and The Awakening

January 17, 2007 in Education, Motivation, Self Development, Wealth

There was a video that was release about 2 years ago called “The Secret” which I found out about while google’in in Charles Hannel about a year ago. I saw the intro and bought the DVD. I was already on my quest to “get out of the rat race” and was at a point in my life where I was hungry enough to try to gain every bit of knowledge I could on the subject of money, wealth, and becoming rich by either buying books, attending seminars, or researching online. The first time I saw the video it just strengthened my new beliefs on money and wealth. It was a good video and very motivating. I remember that right after the movie I wanted to share it with family and friends. But then I thought and remembered how people reacted to such things. Don’t think that I did not want to share it because I was greedy – that is really not the reason at all. There is no doubt that the video was something educational as well as motivating, however I found out that people just have to make their own paths in life. You can’t really push something onto a person who is just not ready or looking for it. You can’t force a person to help himself – he might see it as actually hurting. If you are reading this blog and are already on a similar quest then I suggest you go out and just buy the video to help you on your journey. If you are just starting out, I really don’t know. Its ultimately your decision and yours alone. Only you can tell if you are ready or are “awakened”.

It is really very, very difficult for someone who has beliefs and thoughts ENGRAINED in their heads, hearts and being to change overnight. My twin and I had referred to this as being awakened – just like the Matrix analogy we wrote about.  It is do-able but one has to be hungry enough, or have enough pain to want to change. Being awakened is being free from all other influences in your life where you and you alone are in charge of what you put in your heads and can consciously decide what you want in every area of your life. Most will have to go through a lot of depression, physical pain, sadness, or hardship to reach this point. Yet one can even read just 1 sentence and reach this point. In the movie The Matrix mentions or hints that - it is easy to wake someone up from the matrix when they are young and when they reach a certain age they just cant be awakened. Also note that viewing this video – The Secret will most likely NOT awaken you. Again it is not the material that will magically do it, it only happens when you are ready for it and are hungry enough for it.

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