Wednesday, January 14, 2009

Ten Steps to Successfully Having a Ten Figure Income

By Rob Walcher D.C.
Seeing Yourself In Billionaire Status Can you imagine yourself earning a ten figure income? Think about in terms of really happening; not just a dream of winning the lotterybut earning a ten figure income. In the United States there are in the arena of 3 million millionaires. With a population of 300 million that translates into about 1% of all Americans being millionaires. Lets go a step further. There are approximately 360 billionaires in the United States. The ranks of the super-rich are growing every day. After all, the step-up from millionaire to billionaire is only three orders of magnitude (1,000), requiring only one thousand, million-dollar chunks. Can you put yourself in that equation somehow? The magic number of steps it takes to reach millionaire status is ten. By figuring out where you are on the ladder and which steps you have left to complete you too can become a millionaire. Lets review them one by one. 1. You Must have a Vision For those of you who love the old musicals, remember the song from South Pacific called, Happy Talk. The chorus gives this wonderful admonition: you got to have a dream if you dont have a dream how you gonna have a dream come true? So simple. So true. So important. Yet too many people walk through life with no vision at all. How can they ever have their dreams come true? Motivation is not enough; you have to be motivated to dream yourself through the creation and implementation of your vision. Ask Yourself the Right Questions The biggest question you need to ask yourself is WHY you want to be a billionaire. Dont just settle for the obvious reasonsfind out WHY deep down inside. Make sure your why is bigger than you are (bigger than your mere wants). Once you get up past the six-figure level (monthly or yearly, either one) and move ever higher, believe it or not, things will begin to bore you. There must be a higher calling that compels you to keep moving ever upward. Locate your why! 3. Mentors Cows stay with cows, and so on. In other words, you have to surround yourself with mentors and other successful people who share your vision and see the future holding similar prosperity. Not only can you learn from their experience but they are like minded people who can teach you how to act wealthy and see it happen. Many of the really successful ones have shared their challenges or tips in easily accessed forms of media. There is no need to try and blaze a new trail, just follow the one that works. 4. Locate an Income Vehicle That Can Produce 100K per Month If you want to dig a little pond in a corner of your backyard, a shovel may work. If you are digging the foundation for a 100-story skyscraper, you may need a little more than a shovel. How about massive earth-moving machinery? There is an avenue that exists that will help make your dreams come true. Think about growing and earning your business on the big time level. 5. Network with People Nobody needs the headaches of hundreds of employees. You can create leverage by creating a network of people that will essentially be working for your efforts but not for you. It is easier and makes more sense to earn 1% of 100 people than 100% off of your own efforts. Oilman J. Paul Getty coined that phrase and look where it got him. There are tons of opportunities existing today that will offer the individual entrepreneur the tools of other peoples expertise and time without draining your own resources. Use them wisely. Let Money Work For you, Be Debt Free & Think Long term Middle class people work for money. The wealthy make their money work for them. Middle class people pay interest (in debt up to their eyeballs). The wealthy have interest paying them. Investing your money in a consistent means will mean safe returns without risk. Take the time to learn from the wealthy how to invest wisely. Above all us, you have to develop a wealthy persons mindset in all areas of finance. Create A Healthy Lifestyle Another quote from J. Paul Getty: The individual who wants to reach the top in business must appreciate the might and force of habit. He must be quick to break those habits that can break him " and hasten to adopt those practices that will become the habits that help him achieve the success he desires. Where you are today is the sum total of choices (both large and small; both good and bad) that you have made every day in your past. It has been said that it takes 21 days to form a habit. Whether or not that is true, you can certainly use it to create good habits in your life. Achieving good health (and a healthy state of mind) is as imperative to your wealth as any business model you might latch onto. Your body is your friend. Treat it at least as well as you do your vehicle. (Would you put sugar in the gas tank of your car?) Your brain is also your friend " feed it more good news than bad. 8. Strive for Excellence No one in this world is perfect, but it is a fact that you must always strive for the best in life. Greatness and success are achieved by a person only when they have made a conscious effort to include those expectations in every aspect of their life. Once you are on the road to greatness you cannot slip into hypocritical behaviors or thought patterns as they will eventually destroy your efforts. Dream big and seek only the fruition of that dream in all your life endeavors. 9. Dream; Envision; Meditate It is one thing to have a dream, it is another to dream. You need to do both at all times. Use powerful tools of intention, meditation and imagery to keep the dream alive and remember to proactively dream as you move through your life. Some useful tools are image boards, goal maps, dream boards but any vehicle you choose to solidify your dream will allow it to manifest in your life. You can write it in a journal, on index cards. The basis is to always see the dream coming true and look toward how you want your future to be. Focus on your intention and it will be. Stay Vigilant & Dont Give Up! Always remember that you will make mistakes or err in your judgment and even make a few bad decisions. These may set you back a bit, but as long as you dont quit you have not failed. The difference in being successful and being a failure is your ability to make concessions and get moving again if you hit a pitfall. Keep your thoughts positive and always keep on trying. As long as you do that, you are never a failure. Failure is not about making mistakes, failure is about quitting! Now that you have set your goals and are living your dream you are on your way to a 10 figure income. Keep the pace and always upon always keep one foot in front of the other. Your belief dictates your ability to achieve your goals.
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