My Success Story

Written by Edward Chew


Dear Friend,

It is with great pleasure of having you here at this hour. Let me get it straight and be honest with you atrepparttar very outset. First of all, I'm not going to sell you anything here. And second of all, if you are hoping that you could learn some tricks to earn Quick & easy Money, you are definitely in a wrong place.

What I'm offering you are some personal story and lesson which I hope you will find it useful and beneficial to your well-being - be it financially or spiritually. Below is an article which I wrote to an online magazine, some time ago. The response was phenomenal and overwhelming. I hope you will enjoy reading it.

The Power of Dream

Have you ever dreamed of being financially free seomeday ? Yes, let me repeat, FINANCIAL FREEDOM. I bet some of you do. However, I believe only a handful of you would actually commit yourselves into making your dream comes true. Instead of committing to pursue your dream, you would just sit back and do nothing about it. Am I right to say that most of you have no confidence of yourself , let alone your dream?

"The future belongs to those who believe inrepparttar 122752 beauty of their dreams." - Eleanor Roosevelt

Well, some people will doubt it and think that being financially free seems to be an impossible dream to attain. - Never ever doubt about yourself !- To have financial freedom is not impossible and is within your reach if you possessrepparttar 122753 fundamental understanding of how wealth is created and accumulated.

Byrepparttar 122754 same token,repparttar 122755 depth of your financial knowledge and planning will determine your financial future whether you will retire broke, debt-ridden or leave a huge amount of wealth for your dependence. The choice is yours because you arerepparttar 122756 navigator of your own destiny.

As Burke Hedgesrepparttar 122757 author ofrepparttar 122758 book The Parable ofrepparttar 122759 Pipeline eloquently writes , " becoming a millionaire is a matter of choice, not chance ."

How to Be Financially Free

Most of you must have heard of people saying; you either be a professional or run your own business to earn BIG INCOME, right? It is true to a certain extent, however, a profession per se does not guarantee you a better financial future. Why? Because no matter how much you earn as an engineer, a manager, an accountant, an architect, etc. you will still depend on a paycheck or a fee for a living. Think about it,repparttar 122760 moment when you stop working, your income will stop flowing in andrepparttar 122761 next thing you know, your bank-savings is drying up.

Thus, being a professional with a big income is never going to make you financially comfortable. You will never make your family safe and secure. Burke Hedges calls this group of people a "bucket carrier". He writes, "as long as you carry buckets, you have to show up and dorepparttar 122762 work in order to get paid."

Does it sound familiar to you? This is howrepparttar 122763 rat-race world works. Instead of working forrepparttar 122764 money as Robert T. Kiyosaki,repparttar 122765 author ofrepparttar 122766 best selling book Rich Dad and Poor Dad pointed out, "we should makerepparttar 122767 money work for us." What a brilliant saying!

So how do we get out of this rat-race world? The answer is we need to start thinking on how to makerepparttar 122768 money work for us. Have you heard ofrepparttar 122769 concept of leverage? It is a concept that is widely applied in all fields of work includingrepparttar 122770 financial world. So what is it all about?

What is leveraging?

Leverage is a phenomenal concept that has been known to people throughoutrepparttar 122771 ages. The root ofrepparttar 122772 word leverage, lever is originated from an old French word that means, "to make lighter." Say, if we want to move an object, which is many times heavier than us, what do we do? That's right. We place a rigid bar on a pivot to lever it andrepparttar 122773 object becomes so light that even a child can lift it easily.

"Give me a lever long enough and a fulcrum on which to place it, and I shall moverepparttar 122774 world." - Archimedes

This isrepparttar 122775 power of leverage. In today's financial world, we applyrepparttar 122776 same principle of leverage to time and money, andrepparttar 122777 outcomes are exponential. Leverage allows people to work smarter, not harder, and it isrepparttar 122778 reason behindrepparttar 122779 creation of so many millionaires inrepparttar 122780 last century.

Leverage: The Source of Residual Income

Residual income, which is also known as passive or recurring income, is an income that will continuously generates inflow of money to us afterrepparttar 122781 initial effort that we have put to work or money we have invested in an investment fund. Alternatively, if you are an inventor, your residual income will basically derived fromrepparttar 122782 rights and patents of something you have invented and used by others. The same goes to an artist or a musician.

Two Types Of Leveraging

Leveraging Money

Have you heard of Warren Buffet? Yes,repparttar 122783 second richest man inrepparttar 122784 world and a legendary figure inrepparttar 122785 stock market that earn his living by leveraging other people's money and as result he made himself and his investors rich inrepparttar 122786 course.

Check this out. One share of Buffet's Berkshire Hathaway stock was worth around $19 inrepparttar 122787 mid 60s and byrepparttar 122788 end of 1998,repparttar 122789 value of that single share has shot up to $70,000. Say, if you have invested $ 10,000 back in 1965, your investment atrepparttar 122790 end of 1998 would have been worth a whopping $ 51 million. WOW ! That's unbelievable. The money was left to compound by itself as time went by. That's how money-leverager makes their millions.

Nevertheless, most of these 'money-leveragers' would only get to see their wealth touchesrepparttar 122791 million-dollar mark only after they have reached their 50s or 60s. Though it's a long wait before they could seerepparttar 122792 result, it is worthrepparttar 122793 wait anyhow. Wouldn't it be great to be a money-leverager?

Ok, let's be honest to ourselves. Not everyone of us hasrepparttar 122794 patience to wait, not to mention, some of us even find it hard to come up withrepparttar 122795 initial capital to invest. So, if we don't haverepparttar 122796 money, what do we have to leverage then? The answer is TIME !

Recharge Your Battery

Written by Steve Dimeck


It was 4:15PM on a Thursday when I arrived atrepparttar hair salon to get my haircut. My hair appointment was at 5PM but I arrived there quite early.

As I set down inrepparttar 122751 comfortable leather chair inrepparttar 122752 little “waiting corner,” I looked down to my left with an intention to pick a magazine fromrepparttar 122753 big basket that was filled with maybe over 50 magazines.

I sorted throughrepparttar 122754 magazines but nothing would catch my eye. There were so many different magazines; I couldn’t decide which one to pick and read while waiting.

Then, as I lifted a big batch of magazines to choose from, one of them fell down onrepparttar 122755 floor. I immediately dropped allrepparttar 122756 other magazines back intorepparttar 122757 basket and tookrepparttar 122758 one that fell onrepparttar 122759 floor.

The beautiful view of a tropical island inrepparttar 122760 background, surrounded by crisp clear water coveringrepparttar 122761 entire cover ofrepparttar 122762 magazine, got my attention.

The magazine contained a large number of photos from tropical islands, vacation resorts and everything tropical you can imagine. I submerged myself intorepparttar 122763 pictures so much that 40 minutes went by like 4 seconds.

When I was all done withrepparttar 122764 haircut, I asked Isabella (the hair stylist) if I could takerepparttar 122765 magazine. She said that it wouldn’t be a problem because anyway they recyclerepparttar 122766 magazines atrepparttar 122767 end of each month when they bring new ones in.

The magazine is called Islands. It was a June 2004 issue. When I went home I put it next to my computer and until today’s day, it’s still sitting there.

I look through it periodically. All my life I’ve lived inrepparttar 122768 northern hemisphere ofrepparttar 122769 planet, and winter is definitely not my favorite season. Not to even mentionrepparttar 122770 driving headaches when we get dumped with a few feet of snow.

The tropical theme has always been a dream place of mine.

So, every time I feel down, discouraged, marketing plan isn’t working well, a goal doesn’t get accomplished, problems and obstacles appearing out of nowhere, motivation is down, no inspiration,repparttar 122771 world is coming down on me.....

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use