Fairy Tales Inspire Dreamers.. However, Dreamers Can Become Millionaires Through Mentoring, et al. Everyone loves a good fairy tale, right? Fairy Tales take our minds to another place where magical things happen; where dreams dare to come true. They take us away from the trials and troubles of our own world; they help our minds escape and leave us believing that dreams can come true. They give us a sense of peace and tranquility, and glistening sun rays of hope. Snow White & Rapunzel were both rescued by their prince charming. The wicked stepmother enslaved Cinderella, but then she too was rescued by a prince charming. Jack & The Bean Stalk also turned out quite well. I can go on and on about these fairy tales, but the point being is that they are just tales. They don't speak about how these magnificent prince charming’s acquired their wealth or how they kept their wealth. But there are two things they all have in common: For one, they apparently all had an inheritance which had to have come about through family planning, saving, and good financial habits. Secondly, the tales leave everyone with a sense of hope for a better tomorrow.
As I bring your minds back to reality, here are a few facts that may provide you with hope that millionaire mentoring does work, and becoming a millionaire is not as far-off as one would think:
Marketing statistics reveal that there are 53,000 more millionaire households in 2013 compared to 2012. "About 6.15 million millionaire households are spread across the U.S., according to the report. That means 1 in every 20 households in the U.S. has more than $1 million in investable assets. Those figures don’t include the value of real estate." (Vocus.com/Marketing) However, the statistics are not as high when it comes to playing professional sports or winning the lottery. Here are a few examples taken from Elite Daily (elitedaily.com/sports/odds-going-pro-sports-will-make-rethink-day-job): NFL - 1 in 40 high school players will play in college; 1 in 1,010 high school players will be drafted to the NFL; 1 in 325 college players will be drafted in the NFL __________ WNBA - 1 in 16 high school players will play in college; 1 in 12,114 high school players will be drafted to the WNBA; 1 in 766 college players will be drafted in the WNBA ___________ Powerball Lottery Chances Grand Prize - 1 in 175,223,510.00 $1,000,000 - 1 in 5,153,632.65 (powerball.com) Wow!! Look at those numbers! Chances weigh heavily against those who desire success on these elite playing fields, and even more so with the Powerball lottery! Here are a couple of schemes that don't work equally as well, and they include Ponzi plans and MLMs. None of these get rich quick, speedy Gonzales plans work! If you desire to listing in the
ranks of millionaires and you want to know what works, you will need to try the best-drill strategies that catapult your business to million dollar levels – and keep it there for quite a while to come.
Piggy Bank Essentials: Moguls are sharp at investment funds, and that means you should have started investing long ago, and if you did not, this is essential to achieving your goal and you must begin NOW. The savvy business visionary "pays him/herself first." Paying oneself first simply means putting aside a set amount of cash in a funding vehicle, consistently. These funds are not touched even in the case of a financial crisis. The remainder of funds are used first on necessities and then on extravagances.
Develop & Nurture Good Financial Habits Studies have demonstrated that most wealth leaders who made it on their own are thrifty and conscientious spenders. More than likely a child/children will reflect and mirror the habits of the family. If the family is frivolous spenders, the offspring is liable to grow up doing the same. Should the family be thrifty spenders, saving/investment focused, the children will also hold tight to their pennies as well. Thankfully, good financial management is not a part of genetics! It is also teachable and learnable.
Make Disciplined Investments Simply pinching pennies is insufficient. Make your reserve funds go to work for you! Invest in stocks, land, gold, property, etc.; all of these are incredible investment vehicles. The concern is that many individuals are unsure about which stock to purchase, when to buy gold or any valuable metals for greatest returns. That is precisely the time to work with a financial wizard.
Take a Crash Course to Success You may need to contract an expert or better still, take a course that shows you precisely how to make trained speculations, and sound decisions with your money that will earn you the highest return. There are no easy routes to becoming a mogul – quick. You have been poorly guided to think otherwise. On the other hand, if you are ready and disciplined enough to dedicate 3 months of your life and submerge yourself in a sustaining environment that guarantees to roll out incomprehensible improvements and extraordinary financial attraction in your entrepreneurial life, then you need to be learning with TESI! The Entrepreneur Success Institute (http://theentrepreneursuccessinstitute.com) provides Tycoon Mentoring in a fresh out of the box, new course, with 6-modules online achievement program that takes the 11 characteristics of the best top New American Millionaires and intricate studies each one of them. You'll discover rich new ways of studying and then applying them in your life and business as you journey towards modeling yourself after great, influential, and financially prosperous people. In TESI's 13-week online mogul tutoring, business visionaries are in the trenches under the direction of one of the worlds’ most sought after mentors, myself, and I help you realize all the insider facts, and comprehend the information that will launch your business to colossal achievement. In the event that you thought this blog entry was useful to you, please help me share it on Facebook, Twitter and Google+. I'd likewise jump at the chance to welcome you to join our Million Dollar Success Movement. Be sure to enter your email in our database to receive over $1500 in free business building tools from other successful entrepreneurs. Author: Dr. Ken Odiwé http://www.TheEntrepreneurSuccessInstitute.com About the Author: Dr. Ken Odiwé is the Founder and CEO of Waterstone Management, a boutique consulting firm helping entrepreneurs and companies reach their peak performance. He is also the founder of ‘The Entrepreneur Success Institute’. Dr. Ken is on a mission to share
the secrets of The New American Millionaires with as many people as possible, so that they can experience the transformation that comes with increased wealth.