Category: Money

t’s true females are attracted to rich guys. But it’s not because of the money, is the skills, and traits, that helps them build their fortunes what the ladies find attractive. Rich guys are leaders; they live their life in their own terms. Others find value in them, so females find value in them too.

Before I share why females find rich guys so attractive, I want to encourage you to learn everything you can about how to create money. It doesn’t matter if you fail, you don’t need to be the next Bill Gates. Females are attracted to your potential, not to your achievements.

Developing an entrepreneurial spirit will, not only, help you attract gorgeous girls, but also you will enjoy more your life.

 

#1. – Evolution

Women are hardwired to look for strong genes. They will always look for the most powerful male in the pack because, as a general rule, he will give their offspring the best chances of survival.

In the past they judged their potential mating partners by their physical strength, today they judge them by their ability to make money.

Again, I want to emphasize that females are attracted to the traits of the wealthy, not to their money. A guy, who has a lot of money, but fails to display the attributes of the leader of the pack won’t attract women. No amount of money will help you attract women, unless you are able to display power.

 

#2. – Choice and Freedom

Money gives you choice and freedom. Rich guys do whatever they want, whenever they want. These traits make them extremely attractive to women. The good news is that you can display these traits even if you don’t have money.

Live with passion, and in your own terms. Work on your self-esteem. Internalize the feelings of a leader; this will help you send the right type of messages through body language. Finally, keep a playful mood at all times.

 

#3. – Fun and adventure

Nothing kills attraction faster than boredom. Live an exciting and adventurous life and you will attract females like bees to honey. And although it’s true that money helps, it’s not essential. You can have fun even if you are broke. You don’t need to be wealthy; you just need to enjoy life.

Develop the traits of wealthy men and you will attract any girl, and as a positive side effect you will also attract money.

If you want to know the biggest secret women are hiding about what turns them on, watch this presentation from my friend  Josh Pellicer.

 

Learn how do the wealthy get wealthy and you will be able to join them. As William Ernest Henley said: “ you are the master of your fate, you are the captain of your soul.”

Don’t base your decisions on fear and ignorance. Separate yourself from the masses and acquire the mindset that will lead you to a life of choice and freedom beyond your wildest dreams. I want to share some basic principles that will turn you into a moneymaking machine…

 

First, rich people always move their money

The poor and middle class focus their efforts on saving for the future. The upper class concentrates on earning money.

Most people prefer not to take important financial decisions hoping to avoid risk. Sometimes when you think you are taking the safe path you are increasing your risk. Unless your capital is moving, you are actually losing buying power. In other words, if you are saving you are losing money.

Instead, you should focus on finding alternatives that will help you increase your net worth. You can achieve this through investments, using your cash to create more cash, or learning how to build businesses.

 

Rich people know that wealth is a team effort

The poor and middle class believe that building wealth is a solitaire effort. Wealthy individuals know how to leverage from other people’s resources. You can’t build an empire all by yourself. Think about it, maybe you could manage a small boat all by yourself, but if you want to be the captain of a big cruise ship you need a crew.

Your skills, time, and knowledge are limited resources. You can only work a certain number of hours per day, you can’t be an expert in every area, and you shouldn’t waste your time acquiring special skills when you can outsource.

Focus on your strengths and use other people’s talents to overcome your weaknesses.

 

Rich people use their minds to build their fortunes

The poor and middle class think that hard work is the only way to make money. Rich people build their fortunes using their minds. They design plans and businesses that allow them to achieve a lot with the minimum amount of effort. If you want to join the elite you need to learn how to optimize your resources, this includes the most precious resource of all: your time.

Of course, you need to understand a lot more of principles to gain the financial freedom that you seek. These are only a few ideas to get you started.

How do the wealthy get wealthy? They know the ins and outs of money management, and they also know how to build passive income vehicles.

Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

I will share some secrets that will help you get rich now. Although you won’t share beers with Bill Gates right away, you will build a strong foundation that will change your life almost overnight.

 

First, don’t chase money let it come to you

There is a very important concept you need to understand, if you aspire to become a wealthy man: passive income. You should stop working for money, and instead, let your money work for you.

You need to buy or build passive income vehicles that allow you to earn money while you sleep. These days, thanks to the Internet, this is easy, fast, and affordable. You can build a website on your lunch break. To test a market idea is very affordable, so even if it doesn’t work you can move on without regret. And the best part is that you can set every part of your business in autopilot mode.

Once you learn how to build a successful passive income vehicle you will be able to replicate the process as many times as you want.

 

Become a top marketer and get rich now

Top Internet marketers are very rich individuals, and many of them made their fortunes very fast, from scratch. To succeed as an Internet marketer you need to learn the ins and outs of traffic generation. There are a lot of free and paid ways to generate traffic. If you learn how to drive targeted visitors to your, and other people’s, sites you will be able to make a lot of money, very fast.

I encourage you to invest in a good training system and learn everything you can about traffic generation.

 

Leverage

Your skills, time, and knowledge are limited resources. You can only work a certain number of hours per day, you can’t be an expert in every area, and you shouldn’t waste your time acquiring special skills when you can outsource.

To become a wealthy man, you need to find ways to leverage and benefit from other people’s resources. Use others skills, knowledge, time, and even money to build your fortune. Focus on your strengths and build a team that will help you overcome your weaknesses.

If you want to get rich now, follow the wealth formula. Learn how to generate passive income and use the strategy that Aristoteles Onassis used to become one of the world’s wealthiest individuals: Use other people’s resources.

Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

Follow the wealth formula and you will live the life of choice and freedom you’ve always dreamed about. You don’t need hard work, to be the most talented guy, or even connections; you just need to know what rich people know. No matter who you are, or what is your current financial situation, you can become a wealthy man.

You only need to know three things to become a moneymaking machine. First, the source of your income is the key element in the wealth-building arena. Some sources will make you rich and others will keep you trapped in the rat race.

Second, you should have your expenses under control. Learning how to keep money is as important as knowing how to make it.

And finally, you should understand the difference between good and bad debt.

I will show you how understanding, and applying, each one of this principles will give you financial freedom.

 

The source of your income

There are only three ways to earn money:

#1. – Trading your time for money. This is the worst source of money. If your money comes from this place, you are an employee or an auto-employee. You need to work to earn money. Many guys believe that just because they work for themselves, they are entrepreneurs. But, the truth is that most of them are only auto-employees.

Your time is a limited resource, you can only work a certain amount of hours a day, and if you stop working your income supply will also stop. You will never become wealthy if your money comes from this source.

 

#2. – Using money to make money. This is a great alternative to earn some passive income. This source includes investing in stocks, bonds, gaining money through interests and dividends, royalties earned from investing in other people’s businesses.

With this approach, you don’t need to build anything; you just use your money to generate more money.

 

#3. – Creating money machines (businesses). Here you create businesses that will make money for you on autopilot.

Building multiple small streams of income is the best way to gain financial freedom. But unless your multiple streams of income work on autopilot you won’t be able to build, and manage, a lot of them.

To gain financial freedom avoid earning money through active income, trading your time for money, and instead find passive income alternatives that will let you earn money while you sleep, using money to generate money, or creating money machines.

 

Keep your money

It doesn’t matter how much you earn, if your expenses exceed your income you are on the road to financial disaster. If you want to gain financial freedom you need to live below your means.

Your unavoidable expenses (rent, gas, energy, food, etc.) should not exceed 50% of your income.

You can use 30% of your income for you. Spend this money on anything you want, but no more.

Use the rest of the money, 20%, to save and invest.

 

Healthy debt vs. cancerous debt

You should avoid debt at all costs. Debt is like a cancer that will kill your financial future, and your peace of mind. The only time you are allowed to acquire debt is if you are going to use the money to buy an asset. That means you are going to use the money to create a passive income vehicle.

Keep in mind that although these principles are very simple they are also very effective. Learn to earn money through the right source, spend less than you earn, and only acquire debt if you are going to increase your net worth. I promise you will become rich for sure.

Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

If you want to join the elite, become a wealthy man, and live the life of your dreams there are three principles you need to understand. First you will need to think like the rich do, then you should live below your means, save and invest part of your income, and finally you must pay your debts. I will elaborate a little more on each one of these principles and show you how to take the first steps into a life of wealth and abundance.

 

#1. – Learn to think like the rich

Give one million dollars to a poor guy and he will lose it all after some time. Take away all the money of a rich man and he will make his fortune back very fast. What’s the difference? The mindset.

When it comes to wealth building, your mind is your biggest asset. To become a wealthy man, you need to find moneymaking opportunities where others can’t. You should be able to think of solutions to others’ people problems. But, most importantly you have to believe in yourself and remove any limiting ideas.

 

#2. – Live below your means, and save 20% of your income

If you want to build wealth, you need to live with 80% of your income. Unless you are able to save, and invest, at least 20% of your salary, your financial situation will never improve. Maybe cutting your expenses will be hard, at first, but every sacrifice you make today will have a big reward tomorrow.

Remember, you not only need to save money, but also make it work for you. You should educate yourself and learn the language of money (finance, accounting, investing, etc.)

 

#3. – Pay your debts, as soon as possible

Every penny you owe is money you are stealing from your future. You should only acquire debt if it will help you build assets, and you need to keep it under control. Paying your debt is the first investing decision you are going to make. You can literally become a rich man by paying your debt.

Becoming a wealthy man is not as hard as you may think it is. By using the above principles you will build a strong foundation. Don’t be fooled by the simplicity of these principles, they are very effective. I have seen many guys turn their life, from poverty to abundance, very fast just by using them.

Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

You can become a wealthy man; it’s not hard. You just need to understand some basic principles. I want to share some ideas with you that will help you create wealth at will…

 

#1. – Use other people resources.

Many people think they need money, knowledge, or a special skill to accumulate wealth. This is a common misconception. The truth is that you can always use other people resources to help you achieve your goals.

You don’t have money? Use other people’s money. If you have a good idea you can find investors willing to risk their money.

You don’t have knowledge or skills? Again you can make money from other people’s experience. Think about the wealthiest men in the world, many of them are college dropouts.

I refuse to believe that solely Steve Jobs developed every single improvement in technology made by Apple. Of course he had a team behind him. He knew what he wanted and he leveraged from others people knowledge.

 

#2. – Wealth is a mindset

Wealthy individuals are idea machines. They are able to discover great opportunities where others fail. You need to acquire the mindset of the rich if you want to attract money. Become a leader, decide what is possible and raise the bar for the rest of the world.

Are you a leader or a follower? Pick wisely cause you will be rewarded proportionally.

 

#3. – Where are you? Where do you want to be?

What do you think when you hear the word: “audit”. Most guys get very anxious.

Rich people can’t live without audits. They keep a perfect track of their income, expenses, and taxes. They know where their money is going, and where it is coming from.

Unless you have a clear picture of your current financial situation you won’t be able to reach your goals. Of course, this takes a lot of discipline. But once you practice this on a regular basis it will become second nature to you.

If you get nothing else from this article, get this: “know where your money is going, and where it is coming from.”

You will be amazed to realize you spend a lot of money on things you don’t need. You may also discover that the risk-reward, or the work-reward ratio of many of your income sources is not worth. If you concentrate your energy and efforts on the things that make you more money it will be easier for you to accumulate wealth

Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

Learn to double your money and the sky will be the limit. If you are able to double your initial capital once, you will be able to do the same thing several times. There is no doubt in my mind that any man in the world can become a wealthy individual, but first you need to understand…

 

#1. – The power of compound interest

I want to share with you one secret, that rich people rely on, and will make all the difference in the world if you want to double your money.

Albert Einstein said: “The most powerful force in the Universe is compound interest”.

Many people underestimate the power of compound interest when making their investing decisions. Small gains tend to add up very quickly when you invest your money wisely. If you move your money in a responsible disciplined manner in no time you are going to have a small fortune.

There are two parts of the compound interest formula that will affect the amount of return you will make on your initial investment.

1. Time: for how long your money will be working for you?

2. Interest rate: How much profit will you make on your initial investment, per period?

With the low rates that banks have to offer many people get discouraged to realize they need many years to double their money. The good news is that you can use the stock market to increase significantly the return rate and cut your waiting time a lot. But you need…

 

#2. – A positive expectancy system.

To trade safely in the stock market you need a positive expectancy system.

Positive expectancy means that, based on past performance, you can realistically expect your system to win more money than the money it loses.

The whole gambling industry is based on this premise. The odds are always in favor of the house. The casino knows, and expects, the occasional drawdown. They don’t mind when a gambler gets lucky and wins some money; in the long run they will gain all their money back with some profit.

With a good positive expectancy system you can lose 9 out of 10 trades and still make a lot of money. You could realistically earn 10%, 20% or even 100% of your money in a short period of time.

 

#3. – Invest don’t gamble.

Of course you could double your money in 5 minutes in roulette. But, that is not a wise investment decision. Remember, we are not gambling. You need discipline to become wealthy.

 Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

What? Create wealth in a month? I understand your disbelief. But read this article and prove me wrong…

 

First you need to understand…

Did you notice I didn’t say you could become rich in one month? I said you could create wealth in one month. You don’t need to have a million dollars to be considered a wealthy man. Wealth is the amount of money you need to sustain your lifestyle without working for it. And you can achieve that very fast.

 

How much money do you need?

The first thing you need to know is the amount of money you will need to sustain the lifestyle you desire. Sit down and determine that amount, you will be surprised to discover it is not as much as you thought it would be.

 

You need to find a passive income vehicle.

A passive income vehicle is an instrument that will let you earn money on automatic; you won’t have to work for it. Think about it, even if you end up earning the same amount of money you earn right now, at least you will get freedom.

So, you have to buy or build money machines that will generate money while you sleep.

 

Your first money-machine…

Although there are many alternatives that could help you earn passive income; the stock market is the best place to start.

The problem with most alternatives is that you need a lot of money just to get started. One of the many advantages of the Stock Market is the minimal money needed to open an account. Think about Real Estate. How much money would you need to buy a house or an apartment? And how fast could you get out if it turns to be a bad investment?

Many big brokers don’t have minimum funding requirements. You might be able to start trading with $100.

Many profitable trading systems only require you to take decisions once a day, or even once a week. So, you don’t need long working hours to make money in this business.

Another alternative

Internet is a great tool to build a passive income vehicle, and it’s very affordable. You can join an affiliate program and earn commissions on referrals. You could build a site and sell your expertise on your free time. The options are limitless.

What’s the worst-case scenario? Imagine if you try, and fail. Lets say you could only earn a third, or one half of your current income. How would you feel with a 50% increment in your salary? Every single penny you earn through passive income will bring you closer to your goals.

Once you learn how to build a successful money machine you will be able to replicate the process as many times as you want.

Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

Most guys think they need to work a lot to become wealthy individuals, but that’s not true. Rich people work smart, not hard. I can show you at least 4 ways that will allow you to make money without much effort…

 

#1. – Compound Interest

Albert Einstein said: “The most powerful force in the Universe is compound interest”.

Many people underestimate the power of compound interest when making their investing decisions. Small gains tend to add up very quickly when you invest in a wise way. If you invest your money in a responsible disciplined manner in no time you are going to have a small fortune.

The beauty of compound interest is that you will get rich without much effort; your money is working for you.

 

#2. – Learn the art of the sale

Every single business needs sales to exist. Become a skillful salesman and you will be able to create money at will. Schedules are very flexible in this occupation, so you don’t need to quit your day job to get started.

In the Internet era you don’t even need face-to-face meetings to sell stuff. You can join an affiliate program and earn commissions on your free time.

 

#3. – The stock market.

Think about the wealthiest men in the world. All of them have money invested in the market. It doesn’t matter if the markets go up or down, if you learn to trade efficiently you will be able to make money, regardless of the market conditions.

Many profitable trading systems only require you to take decisions once a day, or even once a week. So, you don’t need long working hours to make money in this business.

 

#4. – Find a problem and solve it.

A good idea can turn you into a millionaire overnight. Think about a common problem, and try to solve it. Don’t worry you don’t need to build anything. You can sell your idea to a developing company and earn upfront cash for it, or earn income through royalties.

 

One final thought…

Aristoteles Onassis, one of the world’s wealthiest individuals, had a secret for getting rich. Use other people’s resources.

You don’t have money to invest in the stock market, use others people money. You have an idea to solve a problem, but you are not an inventor, use others people talent. You don’t have to be a Doctor to own a hospital, use others people knowledge.

Learn the secrets of the rich and live a life of choice and freedom beyond your wildest dreams. Checkout “The Money In Your Mind” program, this will change the way you relate with money forever.

Do you want to know how rich men get richer and how you can join them? Making money is not hard if you understand some basic principles. Here are some ideas that will help you join the elite.

If you want to become a wealthy man you have to stop working for money and let your money work for you. Passive income is the money you earn while you sleep. In other words, you don’t have to work for it.

Although there are many alternatives that will allow you to generate passive income, in my experience, the Stock Market is the best place to get you started.

 

You can trade anywhere in the world.

The Stock Market is a great way to generate passive income. And the best part is that you can trade from home or while you travel. As long as you have access to a computer and to a Wi-Fi connection you can make money in any part of the world.

 

Practice on a Demo account before you put your money at risk

Search the Web. There are many brokers that offer demo accounts. With this virtual alternative, you will be able to trade real stocks without putting your money at risk. You will gain a general sense of how the markets work, and you can change to a real account when you know, for sure, that you can profit consistently from this business.

 

It is very affordable

The problem with most passive income generation alternatives is that you need a lot of money just to get started. Think about Real Estate. How much money would you need to buy a house or an apartment? And how fast could you get out if it turns to be a bad investment?

One of the many advantages of the Stock Market is the minimal money needed to open an account. Many big brokers don’t have minimum funding requirements. You might be able to start trading with $100.

Another great quality of the Stock Market is that we can liquidate very fast our positions if one of our investments start going against us. This attribute that allow us to cut our losses, and get out very fast, makes this a very affordable investment alternative. Think about it, how fast could you sell a property if it stops being profitable?

 

Finally it is very profitable…

You can earn a lot of money in the Stock Market. Think about the wealthiest men in the world. All of them have money invested in the market. Of course, you have to know what you are doing if you don’t want to lose. But, if you use a good system and sound money management rules I promise you will make a profit.

Today I have a life of choice and freedom beyond my wildest dreams. And although I’d love to claim I did it all myself, the truth is that there were a few courses I bought which were KEY to getting there.

I’ve bought dozens and dozens of courses, but far and away the best one was “The Money In Your Mind” by self made millionaire Igor-Alexander Ledochowski training program. It absolutely blew my mind – and got me far better results than anything I tried before.

“I have never met a man who could forecast the market”

-Warren Buffet

 

Every guy who aspires to become wealthy has to buy or build money machines that generate passive income and let him earn money while he sleeps. I personally invest my money in the Stock Market; it is a great alternative.

Before you aspire to make any money you need to find out what are the typical errors made by others and then be careful to avoid them…

Most guys that get involved in the Stock Market lose money. But there are some others that have been able to profit in a consistent way. You could have losses in 9 out of 10 trades, and still make millions if you learn the right way of trading.

 

Two rules you should always remember…

 

#1. – Never try to outsmart the market. You can’t know, with 100% certainty, what the market is going to do, or when, the good news is that you don’t have to know to have a profitable career as a trader. Trading is a game of odds and your job is to keep the odds in your favor.

#2. – Cut your losses short, and let your profits run. Learn to love your losses or, at least, accept that they are part of the deal. As long as your shortfalls are under control, and your system has positive expectancy (makes more money than it losses) I promise you will make a profit.

 

Keep your trades at a safe heat
Greed is a very dangerous friend. When a trader thinks he knows, for sure, where the market is headed, and aim for instant riches, losses are inevitable.

The amounts of dollars you lose on your account have a close relation on the risk you are willing to take. Most professional traders agree that you should risk between 1%-2% max on every trade. This will put the odds in your favor.

 

Finally…

Just because you think you know what the market will do, don’t increase your exposure.

This problem occurs when traders think they can be certain about the direction the market is headed. You can avoid this mistake by being disciplined. You need to be loyal to your money management rules no matter what. Many traders wipeout their accounts, even when they are right most of the time, because they don’t follow diligently their position sizing rules.

Each trader has a different degree of tolerance to risk. As long as you keep it under control you will be able to make money. Some traders spend their time trying to avoid losses; savvy investors are able to trade without letting the occasional losses affect their emotions, or worse, their decisions.

Today I have a life of choice and freedom beyond my wildest dreams. And although I’d love to claim I did it all myself, the truth is that there were a few courses I bought which were KEY to getting there.

I’ve bought dozens and dozens of courses, but far and away the best one was “The Money In Your Mind” by self made millionaire Igor-Alexander Ledochowski training program. It absolutely blew my mind – and got me far better results than anything I tried before.

There must be some reason why certain men are able to stay rich, and grow their fortunes, while the rest struggle to make ends meet.

Wealth is a state of consciousness; it is a mind conditioned to succeed. Understand this and any actions towards financial independence will follow effortlessly. If you are tired of being trapped in the never-ending money-chase then…

 

You need a money machine

Every guy who aspires to become wealthy has to buy or build money machines that generate passive income and let him earn money while he sleeps.

 

Saving is the first step

Financial independence can only be obtained with discipline. You need to save part of your income to get some cash that will help you build your money machine. Try to save between 15% and 20% of your income. If it’s too much for you, don’t worry, just save any amount you can bank consistently.

 

Buying bargains is not saving

I have a friend that is constantly bragging about how he always gets the best deal on the stuff he buys. He thinks he is a big saver. But the truth is, he is always broke. You don’t need to buy tractor wheels if you don’t own a tractor, it doesn’t matter if they are on sale. If you buy stuff you don’t need you are not saving!

The money you have, even if it is a lot, is limited and you need to make the best possible choices when using it. When you take a decision you are leaving other alternatives out. That other choice is what economists call opportunity cost and you need to be aware of it. For example: when you get married you won’t be able to see your old girlfriends any more (hopefully); in this case your old girlfriends represent your opportunity cost.

Next time you buy something think of it in terms of future value. Ask yourself: Could I use this money to generate passive income? How much money will I lose if I buy this today? What other alternatives do I have to use this money? Instead of buying stuff you don’t need save and invest your money. You will be able to buy the same stuff tomorrow with your profits.

 

The money machine I use

“If you want to make money, hold your nose and go to Wall Street”

– Warren Buffet

There are a lot of alternatives that will help you earn some passive income. I personally invest my money in the stock market; it is a great option. Find a system that operates in a mechanical way; we don’t want to be in front of the computer all day. If you use an effective system and sound money management rules I promise you will make a profit.

 

Use logic to take your money decisions.

Poor people let their emotions make their money decisions. Wealthy individuals, on the other hand, use logic to make theirs.

This doesn’t mean wealthy men don’t use their gut. It just indicates they don’t let their emotions decide for them.

You don’t need to be a genius or the hardest working guy on earth to become a loaded dude. But, you need to look at the world through the eyes of a rich individual. Wealthy men let their money work for them. Your job is to buy or build enough passive income vehicles that will allow you to live the life of your dreams. Every time you are going to buy something ask yourself could I invest this money to generate passive income?

Today I have a life of choice and freedom beyond my wildest dreams. And although I’d love to claim I did it all myself, the truth is that there were a few courses I bought which were KEY to getting there.

I’ve bought dozens and dozens of courses, but far and away the best one was “The Money In Your Mind” by self made millionaire Igor-Alexander Ledochowski training program. It absolutely blew my mind – and got me far better results than anything I tried before.

 

Spending your money wisely will give you the choice and freedom only wealthy men are able to enjoy. We don’t want to build a budget that is focused on cutting the expenses to make them fit our income. Our goal is to build a financial plan that will help us increase our earnings. Here are the detailed steps to help you achieve this…

 

#1. – Building a balanced budget

 

Our first goal is to build a balanced budget that will help us pay our regular expenses, save some money and still leave us with some money for fun.

You have to limit your regular expenses to 50% of your income. The farther you get from this number the harder it will be for you to become financially independent.

Remember, our goal is to increase our income with this budget. If you achieve the goal of living with half of your current salary soon you will have more money to spend. So, think of this as short-term sacrifice.

You will be allowed to spend 30% of your income on yourself. Burn the cash as you wish, but remember once it’s gone the fun is over until you receive your next check.

Finally you have to save 20% of your income. There are no excuses; this is the money that will help us increase our earnings. If you fail here every other part of the plan will be worthless.

 

#2. – Use your savings to buy assets.

 

You will buy assets with the money you save. An asset is a vehicle that generates passive income. Think of it as a money-making machine. It will put money in your pocket automatically. You won’t have to work for it.

For example: you buy a house or an apartment and rent it. Or, you purchase stocks and earn money through dividends. Maybe, you can buy a camera and license your original material on a royalty-free website where customers will pay you a fee every time they use it. The alternatives are endless, and will fit every budget.

 

#3. – Use assets to pay for liabilities.

 

You will use the money you earn, through your assets, to buy more assets and to pay for your liabilities. By adding more passive income vehicles to your portfolio you will increase your monthly cash flow, and you will be able to afford anything you want.

Do you want a new Ferrari? Increase your assets until they produce enough cash flow to pay for it. Once you buy your first asset and start earning passive income you will be able to replicate the process as many times as you want.

Today I have a life of choice and freedom beyond my wildest dreams. And although I’d love to claim I did it all myself, the truth is that there were a few courses I bought which were KEY to getting there.

I’ve bought dozens and dozens of courses, but far and away the best one was “The Money In Your Mind” by self made millionaire Igor-Alexander Ledochowski training program. It absolutely blew my mind – and got me far better results than anything I tried before.

Being rich means having money, being wealthy means having choice and freedom. I have helped many guys realize that they don’t want to be rich; they just want to experience what they believe only money can buy.

You don’t need a lot of money in the bank to live like a millionaire you need cash flow. And getting that is not as hard as you might think it is…

 

First you need to understand…

Rich people work for money. The minute they stop working the flow stops and they won’t be able to sustain their lifestyle for a long time. Wealthy men, on the other hand, let their money work for them. So, even if they never move a finger for the rest of their existence their standard of living is safe.

The first thing you need to learn to become a wealthy man is the concept of passive income.

 

Then…

Identify your dreams, what do you want? And define the cost of realizing them in monthly terms.

You want a new Ferrari? You don’t need to have $160,000 in the bank. You only need to find a passive income instrument that can give you between $2000 and $3000 extra every month and lease it. That is not as hard as you think it is!

You want to travel? How much money would you need to travel frequently?

Give some thought to this, you may discover you don’t need a lot of money to boost your life and have the lifestyle you deserve.

 

Earn some passive income…

Once you know the cost of your dreams in monthly terms you will need to build a money machine that will let you finance them. There are a lot of alternatives, here are few…

 

#1. – You can sell information products online. Earning an extra $1000 to $3000 a month is a very realistic goal.

 

#2. – Invest your savings in the stock market. Find a system that operates in a mechanical way; we don’t want to be in front of the computer all day. If you use an effective system and sound money management rules I promise you will make a profit.

 

#3. – Real Estate is a great passive income alternative. I remember when I was young that my father got a credit to buy a house and then rented the property to a family. The money he made was enough to make the monthly mortgage payments and still gave him some money to burn.

 

#4. – Licensing. If you are like me and have a passion for music or photography you can license your original material on a royalty-free website where customers will pay you a fee to use it for a publication, website, radio or TV ad, etc.

There are many more alternatives of course. These are only some ideas to get you started. Once you learn how to build a successful money machine to generate passive income you will be able to replicate the process as many times as you want.

 

Just remember you need to be trained to make wise decisions. Look for a mentor with experience and follow his advice.

Take baby steps. If you aim for overnight riches you will lose.

 

Today I have a life of choice and freedom beyond my wildest dreams. And although I’d love to claim I did it all myself, the truth is that there were a few courses I bought which were KEY to getting there.

I’ve bought dozens and dozens of courses, but far and away the best one was “The Money In Your Mind” by self made millionaire Igor-Alexander Ledochowski training program. It absolutely blew my mind – and got me far better results than anything I tried before.

There is a reason why wealthy men are able to save, invest, and still have money for fun while the rest are doomed to a life of scarcity. They know the secret to staying out of debt, but somehow they are able to live a lifestyle of luxury and abundance beyond their wildest dreams

Most people relate financial responsibility with a life of limit and want, but the truth is that once you master some basic principles you will be able to pay your bills, save some cash and still have some fun…

 

Secret #1 – Pay Yourself first.

The first check you write should have your name on it. Decide the amount of money you can feel comfortable with and deposit it on a separate account. You must do this even if you can’t afford it and be consistent.

Try to save between 15% and 20% of your income. But if it’s too much for you, don’t worry, just save any amount you can bank consistently. Your will be able to save a lot more once your finances are in balance.

 

Secret #2 – Save $1000 first

Your first goal is to save $1000, that is an achievable number, isn’t it?

This money will be on your regular account ready for an emergency, and will help you avoid using your credit card, in case you need it. It will also help you avoid bounced checks in case a deposit clears one day to late.

You can use this money if you need to, that’s what it’s there for, but you must repay it as soon as you can.

 

Secret #3 – Pay your credit card debts

Once you have saved your initial $1000 all the money you save should be used to pay your credit cards. Think about this:

On average people in the U.S.A. spend between 5% and 12% of their income on credit card interests. That number is much bigger in many cases. Just by paying your card’s debt your income will raise more than 10%.

If you have more than one card pay the minimum on all cards and use the rest of the money to pay as much as you can on one of them. This will have the snowball effect and you will advance much faster once your previous card is totally paid.

 

Secret #4 – Let your money work for you

Once your credit card is paid you need to find the best place to allocate the money you save. The bank usually isn’t the best place to hold your money. With the inflation and all that, you are losing buying power everyday your cash sits down there.

I personally invest my money on the stock market, but I understand this alternative is not for everyone. Find a place and a system that works for you and put your money to work.

 

Secret #5 – Spend some money on yourself

This last step is crucial. Separate an amount from you income: between 15% and 30% and go nuts with it. This money is yours do whatever you want with it; spend it as you wish. But once it’s gone it’s gone.

This money will help you stay disciplined and will allow you to put your finances in balance much faster and easier.

You may be wondering how will I be able to separate that much money for myself? Well, limit your needs to 50% of your income. The things you must pay every month no matter what should be limited to 50% of your income. Try to avoid long-term contracts.

Remember our goal is balance, once you have your personal finances in order wealth is the natural path.

Transform your wealth thinking and any actions towards financial independence will follow effortlessly. Today I have a life of choice and freedom beyond my wildest dreams. And although I’d love to claim I did it all myself, the truth is that there were a few courses I bought which were KEY to getting there.

I’ve bought dozens and dozens of courses, but far and away the best one was “The Money In Your Mind” by self made millionaire Igor-Alexander Ledochowski training program. It absolutely blew my mind – and got me far better results than anything I tried before.