Dr. Mikel Brown’s Millionaire Wealth Building Strategies Seminar

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Technorati Tags: Dr Mikel Brown, Jack Canfield, Les Bryan Tracey, Mark Victor Hansen, millionaire, Tony Robbins, Wealth, Zig Ziglar

First the Disclaimer: This is a thought-provoking article that draws upon real world examples, articles, books and websites that are readily available to the public. This article is not intended to offer investment advice. Any actions that you take in the market place should be the result of your own financial education and consultation with a licensed professional.

This is the conclusion of my 3 part series that began with Home Ownership: The Biggest Financial Scam of the Twentieth Century and was followed up by parts one and two of The Stock Market: The Second Biggest Financial Scam of the Twentieth Century.

What is Cashflow? Cashflow simply put is the flow of money. Positive cashflow is the revenue or income that a person receives from a job, investment or business. The majority of people derive their cashflow from their jobs. To the extent that they come to derive cashflow from investments and or businesses is the extent to which they will become financially free when their working years are over. Negative cashflow is the revenue that a person loses due to an investment or business.

Most people are taught to invest for capital gains rather than positive cashflow. Investment success depends on appreciation of the underlying ?asset? rather than income production. This is the basis for ?investing? in a primary residence or the stock market for wealth creation. Yet, success of the capital gains investment strategy is by no means assured. No one can guaranty that an asset will appreciate in value, despite the tendency to quote historical gains as justification for an investment today. The current housing and market crises highlight the fallacy of depending on capital gains to create wealth. The housing crisis alone will destroy billions of dollars of personal wealth. From the October 25, 2007 Joint Economic Committee report:

The JEC report found that the subprime catastrophe is likely to accelerate the downward spiral of house prices. Based on state-level data, the report estimates that by 2009:

? 2 million foreclosures will occur by the time the riskiest subprime adjustable rate mortgages (ARMs) reset over the course of this year and next.

? Approximately $71 billion in housing wealth will be directly destroyed because each foreclosure reduces the value of a home.

? More than $32 billion dollars in housing wealth will be indirectly destroyed by the spillover effect of foreclosures, which reduce the value of neighboring properties.

? States will lose more than $917 million in property tax revenue as a result of the destruction of housing wealth caused by subprime foreclosures.

? The ten states with the greatest number of estimated foreclosures are California, Florida, Ohio, New York, Michigan, Texas, Illinois, Arizona and Pennsylvania. But there are several others that are close behind in the rankings.

? On top of the losses due to foreclosures, which this report examines, a 10 percent decline in housing prices would lead to a $2.3 trillion economic loss.

The power of positive cashflow is that it guarantees the value of an investment regardless of the markets. Imagine the difference between a real estate investor who bought a house expecting it to go up in value versus the investor who bought for cashflow. The capital gains investor bought at very high premiums in the market such that the rents received for his investment do not cover the expenses. Now the investor must find a buyer who paid more than he did in order to make a profit. If the market goes down that investor will find that he has no staying power and will likely sustain a substantial loss to liquidate the property and limit his on-going monthly losses. The fate of the cashflow investor is much more secure. The positive cashflow yielded by the property will continue regardless of market activity. Should the market go down, the cashflow will continue, giving the investor staying power and continued profits in a down market. More importantly, most if not all of the positive cashflow will be shielded from taxes by depreciation expenses on the property. In short, the cashflow, not the capital gains, on a property will usually be tax-free. Avoidance of unnecessary taxes is one of the best wealth acceleration strategies you can employ. To quote David Swenson from Unconventional Success, ?Taxes impair wealth accumulation.?

Cashflow strategies can also be applied to the stock market.

The trouble with cashflow investing is that it requires having a financial education. Cashflow investing requires the ongoing thirst for financial knowledge specific to your chosen area of cashflow generation.

The capital gains strategy encourages financial ignorance. Tempting the would-be investor to treat their investment as a money-in-money out proposition. Actively seeking financial education is the only way that a cashflow investor will be successful. Yet the odds are against him. Not because financial education is difficult to attain, no. The odds are against him because the financial sales people any would-be investor will encounter are paid commissions based on their ability to sell products and the majority of those products are for capital gains rather than cashflow. I find one or two real estate deals per year that yield sufficient positive cashflow for me to consider the deal, yet I am often encouraged by brokers to ignore my criteria for cashflow and invest instead for capital gains.

The cashflow strategy requires that you learn to work with people to form a team and generate profits for all. A capital gains strategy has people so focused on maximum gain that they ultimately succumb to greed, fail to exit an investment at an appropriate time and experience financial loss.

Even in today?s economy cash in the bank is not a source of solace as savers are seeing their returns destroyed by interest-rate-cutting policies of the Federal Reserve. People who depended on interest from savings to provide retirement income are seeing their incomes dissipate as the Federal Reserve sacrifices their incomes to bail out Wall Street, Banks and the derivatives markets.

The actions of the Fed and the behavior of Banks and Wall Street have proven that it is cashflow, not cash that is king.

Ouida Vincent
http://www.articlesbase.com/finance-articles/cashflow-the-only-sensible-investment-strategy-for-the-twentyfirst-century-362991.html

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Did you know you can unleash the power of your subconscious mind so that you can become more successful, wealthier and have more friends? When you take control of your subconscious mind, you take control of your destiny.

Most people are unaware that the subconscious mind remembers everything that has ever been experienced. Our conscious mind uses parts of the knowledge and experience we gain to enable us to function normally, but so much more is buried in our subconscious mind which influences us and directs our lives without our awareness.

The idea that most of our education comes from school is mistaken. Most of our learning comes from what we see, hear and do. In other words, we learn throughout our lives from observation. It is therefore very important to become more aware of what is going on around you and inside you if you want to unleash your subconscious mind to become successful.

One of the reasons why people do not investigate the beliefs they hold in their subconscious mind is they are unaware they are there. Sometimes, they hide from unpleasant memories because they are too painful to recall. The problem with avoiding facing bad memories is that they prevent the healing of their mind as well as their spirit and body. As a result, it is harder for them to achieve success in their lives.

If you want to attract success, wealth and positive relationships into your life, you must be willing to face your problems instead of running away from them.

You possess the personal power to transform your life and you do not need to look to gurus, experts or anyone else to show you how to do it. You have inner strengths and abilities that you can trust to help you deal with your problems and change your life.

Instead of spending your hard earned dollars on expensive resources, you can start by applying common sense strategies first. First, ask yourself what you really want from your life.

Spend some time imagining what you would like your life to be like. Explore different ideas in your imagination.

Do you want to be a millionaire?
What personal resources do you already possess that would help you achieve your goals? What personal qualities, qualifications, skills and knowledge do you already possess? What ones do you need to acquire in order to achieve your goal?

In order to become the person you desire to be, what specific goals do you need to set?
Once you have set your goals, what action steps do you need to take in order to achieve them?

There is no doubt that self improvement resources can certainly help you unleash the power of your subconscious mind to achieve success. However, true success comes from your inner qualities, not simply acquiring information.

If you feel you need some help to transform your life and tap into the power of your subconscious mind, you can benefit from products or services using biofeedback, neurofeedback, the power of the subconscious mind, subliminal learning, self hypnosis, neuro-linguistic programming and affirmations.

Remember, people can certainly benefit from these types of products and services but you have to have a purpose in using them. In other words, you need to have a vision of where you are heading. Once you have focused goals, you can use the power of your subconscious mind to attract new friends, wealth and success.

The first step towards success is to take an honest look at yourself and the life you are currently living. Once you have done this you can set reasonable goals for your future. Even if you are not sure what you really want from life, you can set small goals to change aspects of your life and work up to larger goals as you develop new desires.

Our subconscious mind puts us on automatic pilot. It causes us to respond automatically to people and situations based on our internal programming. It also can magnetize us to success or do exactly the opposite depending on our deeply held beliefs. By taking charge of programming our mind, using positive beliefs and changing negative ones, we can attract more success into our lives.

Your subconscious mind has worked secretly for years. Taking control of this power house will not happen overnight. It is a process that will take some time as you learn how to apply new knowledge. However, if you are prepared to invest the time in yourself, you will attract the desires of your heart into your life.

Leon Edward
http://www.articlesbase.com/self-improvement-articles/unleash-the-power-of-your-subconscious-mind-532307.html

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Like the majority, I have been working very hard each day believing that the harder I work, the more money I would get. I would bust my proverbial butt out working year after year slaving away for BOSSES who show little sign of appreciation, to earn a paycheck that could hardly pay my bills.

After some trying and tiring years, I realized to my disappointment that I was not getting anywhere. I tried many other alternatives but none could work to my satisfaction and I began to resign to the fact that I’ve to forget about my DREAMS and continue to live life of the majority i.e. get up in the morning…get into the traffic jam…go to work… come back from work…have dinner …watch TV… go to bed…kind of life!

Still, deep down in my heart, there was a burning urge to continue my search. I attended seminars after seminars to seek out a suitable direction that I can follow.

At long last, in one of these seminars, I chanced upon an interesting finding – most of the very wealthy people do not actually work hard at all! I’m talking about people who live life on their own terms. They’re people who have all the money they need, yet they seem to have a choice to work when they want to…where they want to… for whom they want to. Best of all, they have all the free time in the world to travel…to spend with their kids…do gardening…lower their golf scores…to learn a new recipe in the kitchen…and to really, really enjoy life.

I also learnt the word, “LEVERAGE” which these multimillionaires used to create wealth by doing the minimum while harvesting the maximum. The true meaning of “wealth” suddenly dawned on me.

“TRUE WEALTH” means the ability to do what you want, however you want it and whenever you want it. This is “FINANCIAL FREEDOM” many of us are should be yearning for.

Also, the time when you’re due to retire has nothing to do with your age. You can retire any time you want once you’ve achieved financial freedom. This can happen when you reach the age of 30, 35 or 40, not necessarily 55 or 60 as we’re all brought up to believe. There’re people who’re in their 60’s or 70’s but could not afford to retire because they need their jobs to continue paying their bills!

I was advised to stop “THINKING JOB”. We, for many generations, our parents, their parents and their parents’ parents had been brought up to have only one major objective in life — JOB. We work hard in schools so that we could get good grades to advance to colleges and universities where we worked even harder so that we could get a good and secured JOB. Once we’ve got the jobs we want we continue to work very hard in order to maintain them and to climb the so-called organizational ladder of success.

As a result, we all have fallen into the trap of the RAT RACE.

Although some of us could be drawing quite a handsome income, we’re not truly “wealthy” because we’re not free to do what we want and when we want.

I’ve heard of many sad stories of rich EMPLOYEES not being able to spent Badly needed valuable time with members of their families who’re sick in hospitals because they could not afford to be away from their place of work for too long as their services are urgently required by their employers.

Doctors could not really relax and enjoy a long vacation for fear of the loss of income and patients while their clinics remain closed.

The bottom line is – we all have our JOBS to look after! We have no time to think of becoming TRULY WEALTHY and FREE.

I therefore suggest that you stop THINKING JOB effective from today. You should now realize that a job would not make you rich. If you have a job, you’re being paid a salary for your EFFORT. Is it possible to get paid for putting zero or very little effort ? If your answer is “No”, you’re dead wrong! Because you’re still thinking job!

What I’m about to propose to you is this – copy what the truly wealthy people are doing (or rather not doing). They earn their income through various LEVERAGE STRATEGIES which allow them to make money while they’re sleeping, meddling with hobbies, or having vacation in far away places such as the beautiful beaches in Hawaii or Malaysia.

The first step we need to take is not to have a job working for others. You should start having your own business and work for yourself. Don’t get me wrong! I’m not suggesting for a moment that you start investing heavily in building a store, shops or even factory, getting employees, build up inventory, getting permits and licenses etc, etc. If you did this, you’d end up putting a lot of EFFORT and still having a “JOB” to look after this TRADITIONAL physical business!

There’re many routes the rich and wealthy are taking but not all of these would be suitable for you. You have to screen them carefully before deciding on the right one to copy.

Here are some of the more popular CONVENTIONAL routes:

1) FRANCHISING This sounds like a good idea. You could tie up with big reputable organizations who could help you set up your business real fast. But you need to invest quite a huge sum of money and eventually you still end up having to look after the business physically. You still have a “JOB”. Is this what you want? No, I don’t think so.

2) STOCK, COMMODITY AND OPTION TRADING On paper this is a very exciting proposal. Many make their money from the trading. Despite the fact that there’re many tempting and seemingly attractive strategies put forward by hundreds of trading gurus, statistics still show that 90% or more of the traders would end up getting their fingers burnt in the long run. Is this what you want? No, I don’t think so.

3) LONG TERM INVESTMENT You could consider this possibility. Many had tried this and attained success in their lives. We need to invest considerable amount of money at the outset and reap the profit only after 5, 10 or even 20 years. Warren Buffett had the initial capital and enough resources to wait for 10 to 20 years. But can you wait that long? No, I don’t think so. We want more immediate results.

I’m talking about getting a system that allows you to “recruit” thousands if not millions of “salesmen” who are willing to work for you 24 hours a day and 7 days a week. The best part is the fact that they’re willing to do so for nothing!

I’m talking about a system that allows you to switch your business to “Autopilot” mode so that you could continue to earn money whether you’re awake, asleep or holidaying in Bangkok or Penang.

I’m talking about a system which allows you to work from home or some places 10,000 km or more away from home.

I’m talking about a system by which you could make money even if you do not have large capital or any products of your own.

I’m talking about a system that allows people who hate selling to perform excellent sales job to a level which is beyond their WILDEST IMANGINATION.

Yes, I’m talking about Internet-home-based-working-in-pajamas-online business. And I would seriously recommend that you pick the “Affiliate Programs” to start off.

The easiest way to get into business on-line is through affiliate programs which allow you to sign up as an affiliate member. You’re set to go within one to two weeks with your own websites all created for you…very often free of charge! You earn a referral commission from selling the program owners’ products.

These products are usually information products such as electronic books (eBook) and software that can be delivered as a file that is then downloaded directly to your customers’ computers.

They could be reproduced, downloaded and sold repeatedly at no cost. There’s no packing, shipping and delivery cost. Owing to this, affiliate program owners usually pay their affiliates high commissions (50% or more).

I look forward to seeing you in the Web. Get ready and start working tonight in your pajamas to take that first step in your exciting journey to becoming TRULY WEALTHY and FINANCIALLY FREE!

——

Woon Sung Liang
http://www.articlesbase.com/finance-articles/how-you-could-take-the-first-step-to-become-financially-free-3855.html

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If you are in network marketing as a home-based business, you surely have experienced this:
the “revolving door” syndrome – where you recruit one person and it seems two others drop out. Obviously, this is frustrating and makes you wonder why it is so difficult to get your downline to stay active. What is worse is to see people leaving faster than you can recruit them.

Way too often we focus so much on recruiting new downline members that we forget about the downline we already have. We focus all of our energies on the toughest part of building the business, which is recruiting. Yet we forget to take action on the easiest and really most important part: follow-up.

While follow-up may seem difficult, it is extremely important for future growth and improving your retention rates. With your MLM home business, the number of people in the downline who drop out should not be dropping out like they are. The real reason why people drop out because they are often ignored or forgotten by their up line.

Your goal for your MLM business should be to improve the retention within your own team and to be a strong leader for your downline. This should be a priority.

Below are seven strategies you MUST do to make sure “revolving door” in your organization stays tightly locked and to keep your downline active for years and not months.

1. Commit to a customer service policy. If you truly want to build a solid and profitable network marketing business, you need to implement the policy of provide service and follow-up to your downline. Remember, people join a network marketing because of you, not the product or service. They have belief that you can help them meet their goals and have something beneficial to offer.

2. Follow-up is following-through. Just because someone signs up in your network marketing company, does not mean the sale is complete. You must follow-up with your new downline member within one week. Give them a courtesy call within the week to ensure they are happy and are using the product/service. If they want to build the business, call to make certain they are tapping into the resources and getting off to a good start.

3. Staying in contact shows you care. In your prospecting and recruiting efforts, you planted seeds to start the relationship building process. Stay in touch with your downline. An autoresponsder is a great tool to use for this. You can send your downline motivational quotes, techniques that you use that are successful, inform them of new resources they can use for their business, etc. Doing this will show you care and value their business. Staying in touch will also provide you with an opportunity to get additional business and to strengthen the relationship.

4. Anticipate the needs of your downline. By staying in contact, you can anticipate or stay ahead of your downline needs. You will strengthen your relationship and will more fully understand their current needs. This ultimately leads to anticipation of future needs. Try to always think ahead. This will help you keep your downline happy and satisfied.

5. Keep a database on members in your network marketing home business downline. As your business grows, it will become impossible to keep all downline information and individual needs in your head. You must create customer files with personal information on your downline. This can include their likes, dislikes, goals, passions, birthdays, anniversaries, etc. You get the idea.

6. Work closely with your downline members and be supportive. No one is guaranteed success. However, you will be amazed at how high of a success rate you will have with those you personally sponsor when you work closely with them and support their efforts. Keep in mind some people will never do what they need to do and you can’t change that. But, if you provide support and show you care, you improve the retention of your downline.

7. Create intimacy with your downline. Be genuine in your concern for your members. Show them you are not just in it to get their money. You must go above and beyond to assist people in getting what they want and need. The difference between you and your competition boils down to one thing – customer service. If you provide value through concern for them as a person and deliver quality customer service in every way possible, you will find your members will be there for the long term.

If you want an active and productive downline in your network marketing home-based business, keep in mind, the stability of your residual income will be in direct proportion to your personal follow-up and customer service. Make follow-up and customer service your PRIORITY! Your wealth and your downline members depend on it!

Monique Hawkins
http://www.articlesbase.com/home-business-articles/seven-tips-for-an-active-network-marketing-downline-103775.html

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I am starting to believe in the fact that there is no such thing as easy money. But could not help, but be tempted while seeing mouthwatering ads from these people. My family is really in need of money.

Now I am eying on Robert Allen’s wealth building strategies. I am not sure whether that system works.

Please let me know if Robert Allen’s is a good system?

Thanks in advance for your help

NO, No, No,

DO NOT BUY ANY MORE OF THOSE PEOPLE"S CRAP!!!

All of those infomercail people are full of it, all they tell you is the same thing that is readily availible at your local library, I go to goodwill and i see often video tapes and books by robert allen, carleton sheets, russ whitney, and others

No, there is no such thing as easy money, if there was everybody would be doing it, All of those infomercial people will sell you something that sounds reallly good for cheap and then come back and want to sell you much more, as per people that i know.

Face it, you cannot buy real estate with nothing down use it as a rental and have a positive cash flow nowhere in the country that i know of.

E-mail me if you wnat some tips

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How do we get consistant wellbeing into our lives.A healthy mind gives us all we desire.This is the program that is hopefully to be taught in our schools as we require a financial education from a much earlier age.

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Technorati Tags: dvd, Education, financial, free, Lifestyle, Millionaires, money, Secrets, Strategies, superrich, Wealth

Many traders and investors dream about making consistent profit on the stock market. Typically, investors would turn to fundamental analysis for medium to long term capital gains while traders would try to time the market using technical analysis to spot reversals or advantageous entry point and exit with the first sign of trouble. Unfortunately for everyone, the stock market is a zero-sum game. What this means is that for you to profit someone else would have to lose. The market exchanges acts like a distribution center of wealth. Essentially, without knowing, many novice investors and traders are actually trading against the professional and institutional traders. Who do you think will win most of the time? The answer is obvious. Credit Spread is one of the lesser known trading strategies available to the options trader. This strategy is call “credit spread” because you actually collect your target profits upfront or a credit when you enter into a credit spread position. Credit spreads are directional plays – bull or bear. The bull spread is called Bull Put Spread while the bear spread is known as the Bear Call Spread.

The Credit Spread Option Trading Strategy can be constructed to be a low risk investment vehicle. Using this strategy, we are able to use time decay in Options prices to our full benefit. Time decay works towards our advantage the closer it is to expiration. With this in mind, time can very well be our ally in our quest for profit. We just need to know how to use time to help us.

Fact – about 80% of all options expire worthless, it makes sense that serious and long term investor should only be writing credit spreads for a living.

How do we profit from Credit Spread?

Assuming that we are writing a Bull Put Spread:

If the stock moves upwards, we make money. If the stock moves sideways, we make money. If the stock moves lower, but is above the strike price that we sold our puts, we still make money.

I don’t know about you, but any trade that lets you earn a full profit when your stock moves higher, when it moves sideways, or even when it moves lower enhance your winning probability. Credit spread writing is a powerful trading strategy because, if written correctly, it provides room for error and you would still profit even though you are wrong.

The closer it gets to expiration (most of the time 3 rd Saturday of the month), the better it is for us. We make money using the passage of time. Many seasoned credit spread traders like to view the 3rd Saturday of the month as their pay day.

The biggest problem in Stock Options Trading is the race against time. More than 80% of options expire out-of-money or, in simpler terms, expire with no value. If you bought options, this means you would have lost all your money in the trade. So with this fact in mind, use an Options Trading Strategy that would put you on the other side of the table. And that is to use a time profiting trading strategy called Credit Spread.

William Tan
http://www.articlesbase.com/finance-articles/generate-consistent-stock-market-profit-through-credit-spread-writing-3869.html

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I will help you find 10% of the money you are now throwing away each month. Create wealth and design your financial future. Save money each month with Expense Tracker. This money tracking software will make you rich and help you with your personal money management. Money saving tips from the best financial consultants in the U.S.

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QUANTUM LEAP THINKING           

Iyer Subramanian
http://www.articlesbase.com/human-resources-articles/quantum-leap-thinking-715290.html

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