The 8 Myths About Creating Wealth

Written by Nikola Grubisa

You have probably read or heard about various myths (these are repparttar truths that are valid only for certain cases, but not in general) surrounding wealth and wealthy people, all of which hinder your quest for financial independence. Here arerepparttar 117462 most common and most destructive:

Myth No. 1: How much you earn depends on how hard you work

If this were true, thenrepparttar 117463 physical, blue-collar workers, who have been working hard for years, would have beenrepparttar 117464 wealthiest people on earth. Of course, this isn't true. They form most ofrepparttar 117465 workforce andrepparttar 117466 vast majority of repparttar 117467 middle-class.

If you witnessed your parents coming home tired from a long day's work in your youth, you probably learned that money wasn't a sufficient reward for all that effort. People who work "just" forrepparttar 117468 money often have debts because they comfort themselves with whatever they can buy, beautiful things they lack when working.

Myth No. 2: Being paid for something you enjoy isn't work and you shouldn't ask for money for doing something that is enjoyable.

Check this with millionaires. They all have so much money that they don't need to work anymore. Nevertheless, they work for other reasons, challenge, satisfaction, fullness of life, activity, fun ... and all are connected to a love for their work. If there was no joy in doing a certain task, they would do something else that would make them much happier and that enables them to realize their dreams.

In fact, if you don't enjoy your work, you will never become wealthy doing it! However, just because you enjoy your work doesn't mean you shouldn't get paid for it - in fact, that is repparttar 117469 ultimate goal, to get paid for what you already enjoy so it never feels like you are at work!

Myth No. 3: You need to be inrepparttar 117470 right line of business to amass wealth

Do you think so? This must mean that allrepparttar 117471 people who are involved inrepparttar 117472 same business are millionaires. Of course, this isn't true. In each business there are winners and losers; winners abound, even in businesses that consist of distasteful (to most) or "impossible" work like sweepingrepparttar 117473 streets, collectingrepparttar 117474 trash, working in a factory, pumping gas, selling newspapers, etc. Onrepparttar 117475 other hand, there are just as many "losers" in businesses like selling real estate, management or being a stockbroker.

Myth No. 4: You needrepparttar 117476 right education to make a fortune

Arerepparttar 117477 most educated people reallyrepparttar 117478 wealthiest? Not at all! In this case, university professors would berepparttar 117479 wealthiest people on earth. Ask them about their salaries, if you getrepparttar 117480 opportunity. The truth is vastly different -repparttar 117481 wealthiest people are those who can convert their knowledge (or education) into money, inrepparttar 117482 best possible way. They can be highly educated people (like inventors, scientists, etc.) or almost ignorant.

Being formally uneducated does not equate to poor performance onrepparttar 117483 job orrepparttar 117484 inability to form a strong enough vision to carry a person to success - they can easily be experts without having a formal education.

Myth No. 5: It used to be easier

Statistics show an increase inrepparttar 117485 number of millionaires in repparttar 117486 world every year. Talking aboutrepparttar 117487 "good old times" only offers comfort and a convenient excuse. If you look around, you'll see there are people who behavedrepparttar 117488 same way inrepparttar 117489 "good old times" as they do now, yet their success has been recent. With technology and progress come new ideas, desires and needs and there are more business opportunities appearing daily to serve them.

Business Opportunities Online

Written by Pavel Lenshin

To getrepparttar most from informational era you should have deal with digital products. Information stored onrepparttar 117461 data medium isrepparttar 117462 major representative of that kind of products. Let me specify some ofrepparttar 117463 beneficial features information possesses as an intangible substance:

* No direct maintenance expanses. * No overhead expanses on additional producing, copying and distribution. * Truly unlimited supply. * Relatively easy and quick ways of delivering.

Don't you think that these features are forming God Blessed Business? There are lots of opportunities of dealing with tangible products usingrepparttar 117464 power of Internet through wholesale distributors and drop-shippers, butrepparttar 117465 perspective of dealing with not only customers butrepparttar 117466 suppliers and of dealing with not only payment chargebacks, but a tangible product chargebacks as well, makes this opportunity not so appealing torepparttar 117467 online business newcomer. Besidesrepparttar 117468 profit margin and therefore your income on any info product is always higher.


Sorepparttar 117469 conclusion of starting new informational online business is obvious. Let us quite briefly examinerepparttar 117470 most popular opportunities here. Among them are:

1. MLM. 2. Affiliate programs. 3. Private eBusiness.

1. MLM «opportunity».

The word «opportunity» inrepparttar 117471 headline of that section was taken fromrepparttar 117472 quotes because MLM is more likely to berepparttar 117473 opportunity for its owner rather then participants. But let us look into it step-by-step.

One ofrepparttar 117474 alluring prospects for any online newcomer isrepparttar 117475 target of «being-your-own-boss». Internet is a virtual economy, with virtual employers, employees, virtual corporations, partnerships, and private businesses. MLM has its own organization structure with respective bosses, administration, clerks and so on. The shocking fact about it is thatrepparttar 117476 people are eager to change their 8-hour off-line job to 12-hour on-line job forrepparttar 117477 same but virtual boss, usually to be paid much less! But wait, that's notrepparttar 117478 end ofrepparttar 117479 story. MLM members, as we know, actually pay their «bosses» forrepparttar 117480 «right» to work for them. Do you imagine paying your «off-line» boss $20-70 monthly only forrepparttar 117481 right to come to your office and work for him? Why not? If you and your colleagues pay that money, your boss will be twice more kind with you than any up-line MLM team leader. Try :0) A very good question to ask in any business endeavor is: What am I paying for?

Efforts to take, money to spend:

1. You are not supposed to run and support a personal web-site (page) promoting MLM, but these chances of success, in that case, are greatly decreased. 2. Recruiting people is crucial and it formsrepparttar 117482 main business task you should fulfill. In other words you have to sell «virtual MLM success», what is much more harder than selling any real services or products that have their perceived value. Product sales are subsidiary in any MLM. 3. Usually, your right to earn in MLM will include entry and/or monthly fees. Plus buying their products is also, quite often, a must for working and earning in any MLM. Your earnings are divided between you and your up-line. The more greedy mouth you have above,repparttar 117483 less will rest for yourself :0). 4. MLM participant is more likely to be an MLM employee, who should keep on referring people to see any residual income at least in 3 months, more often, a year. Ifrepparttar 117484 participant enters and starts working on a second MLM «opportunity» his or her work inrepparttar 117485 first MLM won't have any progress.

2. AFFILIATE PROGRAM opportunity.

Affiliate programs arerepparttar 117486 entry level of cooperation in business. The highest (andrepparttar 117487 most profitable) level of partnership between businesses is join ventures. Next step is only to business acquisition or merger. Business cooperation takes its roots fromrepparttar 117488 times of primitive communal society, when a hunter made a bargain with a fisherman to provide him with a part of his pray forrepparttar 117489 share ofrepparttar 117490 fisherman's catch.

Now it is a worldwide practice to attract third party sellers forrepparttar 117491 share of generated profit in order to extend sales volume focusing onrepparttar 117492 new products development or clients servicing.

The affiliate seller in that «game» is also in funds. By selling other people’s product affiliate earns a commission without hassle on producing, managing and servicing anything.

Some features which were considered to berepparttar 117493 benefits ofrepparttar 117494 MLM business like commissions on sales made by referred members ofrepparttar 117495 third level have been implemented in some affiliate programs, creating so-called two- or three-tier programs, but in contrast with MLMrepparttar 117496 business partner isn’ t obliged to pay membership or any other fees.

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