How To Magnify And Multiply Your Wealth

Let me give you an example. Let's compare a doctor and Madonna. Now who creates more value? Who creates more value per person? I would say a doctor because a doctor can save your life, a heart specialist. Madonna can only make you feel good about yourself by listening to music. But why does Madonna make, a million times more than a heart specialist?
Why? Because Madonna has this thing called scalability or leverage.

Now, let's talk about magnification.
For a doctor, he spends 3 hours on a patient but he can only save one patient. But for Madonna, in those 3 hours of singing in a concert, 5,000 people hear her songs so her value is magnified.
For myself, when I was starting out my mobile disco business, how did I magnify myself? By running disco parties so by playing that one song, I reach out to 200 of my friends magnifying my value versus just selling stationery. That is how you magnify your value.
Right now, for the training sessions I conduct, one training session is about a hundred to 200 people so our value is magnified

The next thing is multiplication. How can you do something once and you're paid again and again and again over and over again? Back to the Madonna example, Madonna may spend 3 hours to record an audio CD and she just has to spend that 3 hours
But every time the CD is sold, she's paid again and again and again and again for the next 20 years. But for the doctor who spends those 3 hours on the heart patient, he only gets paid once. So that's where you must learn how to create incomes such that it multiplies. And I would say that there are a couple of ways.

The first way is to leverage on intellectual property. Your intellectual asset, Coming up with an idea, a patent, an invention, you can license it to someone and each time that product is sold, you get paid again and again and again. Let me give you an example here. There was this gentleman that came up with this idea. It all started with a problem. He bought a bunch of batteries. And he was frustrated because he didn't know whether the battery was flat or was because his tape recorder didn't work.
So what he did was he took a metal device to put it at the ends of the battery, to test the energy of the battery. And he found that he the batteries still had energy. And he said, wouldn't it be cool if every single battery that was sold came with this battery tester? It was not a difficult invention. It was a matter of putting these 2 diodes together to measure the electricity. So he approached, Duracell and said, you know guys, I got this fantastic invention. It's a small piece of metal that allows people to test the power of the battery when they buy and use the battery.

And you know what? I am not going to sell you this invention. I am going to rent it to you. If you use my invention, just pay me 3 cents for every battery you sell. Now 3 cents may not be worth a lot but imagine if Duracell sells millions of batteries a year worldwide. And this guy gets 3 cents for every battery. This guy gets millions of dollars a year in royalties again and again and again. What could be your idea? If lets say you are a fantastic cook, you're a fantastic chef, could you come up with an idea for a recipe and for example, license that idea to a food manufacturer who sells frozen food in the supermarket and get paid a royalty or a license every time? Like Sarah Lee for example, everytime you buy her cake, she gets paid a percentage of that.

These examples illustrate the power of scalability, leverage, magnification and multiplication. How can you apply it for yourself? Think about it, the rewards can be potentially huge.

By Adam Khoo

How You Can Create A Burning Desire For Your Wealth

If you read the book “think and grow rich” you will see that the author describes desire as “the turning point of all achievement”. He goes on and says that all the rich and successful became rich because they had a BURNING DESIRE to accumulate it.
I suppose that why the book is entitled “think and grow rich”. All of us become a result of what we put in our minds. In any walk of professional life, you become what you aspire to. If athletes aspire to run 100m in 10 seconds, they will devote their entire lives to training in order to achieve this. They will train hard and also they will imagine themselves doing it.
It’s the exact same with your financial dreams. If you become “money conscious” and see yourself attaining the money, you will eventually walk the path and act out what you imagine in your brain. As they say
“Its not how good you are, it’s how badly you want it”
After you read this entire e-book, thought and images will come into your brain as how you want to build your business and accumulate money. I want you to come back to this chapter when you have finished the e-book and go through the five steps here

1. Fix in your mind, the exact amount of money you desire. (Think Huge!)
2. Determine exactly what you intend to give in return for the wealth you desire (There is no such thing in life as a free lunch so you have to decide what you have to give in return for the money, be it time, investment in information, etc)
3. Establish a definite date when to intend to possess the money you desire. This will give you focus and direction. (Hint: Give yourself at least 12 – 18 months)
4. Create a Definite Plan for carrying out your desire for your wealth. Begin straight way (anything that you can’t decide on will become obvious as you move forward but you must continue to move forward!)
5. Read out aloud this statement to yourself every day until your desires and goals have been achieved “ I will never give up, I will never ever give up”

No 5 in my view is the most important of all the points listed. You see, I am not an internet or computer or html expert. And if I was asked the question,” Who has the better chance of making it big online, a computer genius or a rookie”. Now everyone would probably say the genius and that may very well be true but my answer would always be “the one that wants it the most and will never give in”. NEVER GIVE UP my friend and I promise success will find you

By Jack Foley

6 Factors to Activate Your Wealth - You Are Rich And You Did Not Know It!

You already have a sizable amount of wealth karma waiting to be unlocked in your life. If you have been doing everything that the financial experts advise and still find yourself in a financially compromised situation, then you need to know the deeper reasons why.

Here are tips and methods to stop the hidden waste of wealth that is happening in your life. Do this and get the results--get rich and wealthy. Make no mistake--this is not a get-rich-quick tip-sheet, but solid tried and tested solutions. The information here can change the foundation of your life and everything that you do.

The Foundations of Wealth Building
If you have explored many ways and methods to correct your wealth and finance situation and still come up short, then you need to rebuild the foundations in the structure of your wealth building efforts. In addition to monetary assets, wealth energy encompasses other assets, of which two are of great importance--relationships and knowledge.

One of the things we often lack is the ability to act on wealth building intelligence that we might have or receive. This may be due to anxiety, indecision, or simply lack of knowledge of the subject. This results in a speculation or gambling type of thinking that we then believe is the way to create wealth. This is a situation of frustration and certain loss.

Any benefits that we receive in life are based on our relationships with others and things happening around us. Authentic knowledge gives us information we can act upon and possibly benefit from. To rectify the balance of our relationships with wealth building energies we need to ask ourselves a few questions and address some issues we may have in our existing state of affairs.

Creating the Wealth Foundation
Shortage of money, income, lack of wealth, can truly be a cause of great pain and suffering. Shortage means that we do not have enough financial energy to take care of our basic living needs and those of our dependents. In the first instance, there are six things we need to look at in correcting the balance of wealth energies.

1. Cleaning up the physical environment
2. Cleaning up the energy environment
3. Stopping waste of wealth energies
4. Attracting wealth energies
5. Protection of wealth energies
6. Growth of wealth energies

Six Factors to Activate Wealth Energies
The first three are very important because wealth stays only where it is treated well--just as a good friend would. It would help if you think of 'wealth' as a friend who is somewhat particular where he or she stays and how they are treated. Is the environment friendly and clean? Is the wealth treated with respect? Are there other factors that prevent the entry of wealth or lead to a depletion of the wealth friend's beneficial energies?
In order to grow wealth, just as in a productive garden, you need to prepare the ground, till the soil, add the nutrients, make available the light and air.
That is covered by the first three factors. The next three factors have to do with actual creation and maintenance of the wealth energies. Once you have a growing crop in your wealth garden, there are predators, bugs and disease that can strike your growing wealth. Learn how to protect your wealth energies.
Methods and techniques for these above listed six factors are being made available in detail at the link given below. Following the steps given there you will create the foundation for your wealth building. Consider this as Day 1 of your new financial life. Subsequent 'Days' will give you increased levels of benefit as you progress to activating your wealth energies that have been lying dormant or have been drained away. We wish you well in your wealth building efforts.

By Nalin K. Nirula and Renoo Nirula

Marketing Yourself - Your Wealth Creation Checklist

You can avoid getting depressed about being unable to earn a living from skills you've taken a lifetime to acquire. Skills employers dismiss on the basis of your age. Baby boomers have an oversupply of a marketable commodity many consider worthless. Life Experience is what they have plenty of.

As a baby boomer you hold the bulk of the world's knowledge and talent in your heart and head. You need a fresh revelation that whatever you learned to enter the work force - and to stay there - has a value to the rest of the community.
The secret lies in the packaging.

Convert your knowledge and skills into information products and you will have created a Cash Cow that will last more than 20 years.
Information is one of the hottest products on the market today. You can successfully sell information products, relating to your workplace skills, on the internet providing you make use of the product development strategy of the experts.

It’s one of their best kept secrets. Would you like to know what it is ?
OK. They have a checklist they go through when developing each of their products. You can secure your own success by applying this checklist to every potential information product you are wanting to launch.

Here it is.
The Experts Information Product Development Checklist
1. Does the Product Solve a Problem ?
Does the potential information product, based on your babyboomer work skills and knowledge solve a know problem for a group of people?
Experts will not consider launching a product unless it provides a clearly identified and developed solution.
You will have seen many information products promising to assist users to launch a business on the internet. In most cases, in the sales letter for these products the authors will identify and explain the problem for which their product provides a solution.

2. Is It Unique?
Does the product have a USP? The experts spend considerable time developing their product’s Unique Selling Proposition.
They have used the economist’s trade tool , Product Differentiation, very successfully. It involves identifying, knowing, and being able to clearly explain to your client, the one feature that makes your product different from all those of your competitors.
As a babyboomer you will have a high level of product knowledge and will have little trouble working out the USP.
To get this right make sure you can explain your USP to a loved one first. Have them give you some honest and open feedback on how easy it was to understand your presentation.

3. Will Clients See It As Valuable?
In particular will they see it as having a value many times the price. One of the best ways to illustrate this is to us the example given by one of the experts. He holds up a dollar in a seminar and ask who would be interested in buying it .

There are no takers.
Then he holds up the same dollar and asks who would be interested in buying it for a nickel. A sea of hands shoot up. We all love value for money. If you are going to sell a $30 product make sure your clients view it as having at least $100 value. That can be achieved by offering valuable free bonuses with your product.
Before you went from work to "refirement" - hopefully missing the retirement experience altogether - you worked for years at a job where you were paid once for every hour you worked.

Today as an babyboomer information product marketer you can choose to work a few hours to create products and then get paid over and over for the same work output every time someone buys one of your information products.
You will no longer work for money. Money will work for you as you market yourself by creating information products based on your lifetime work experience.

By Kenneth Little