The economic storm clouds are darkening.There are two choices to be made,(A)pray that you are not affected too badly, perhaps just no pay rise for the next couple of years till the good times roll again.Always assuming you keep your job, that is.
Or (B) take control of your life, and start putting an online business in place, so you can be protected from the dreaded "R" word.
Making money online comes down to having a
"system" in place. All the big name "gurus"
have one (actually, they have several).
You need a system that will build YOU a list
and turn them into buyers who pay YOU!
Well, that type of system is now available
for_FREE, but only for a limited time.
I have arranged with a friend of mine to
allow my readers access to his brand new
Turn Key Cash Kits membership site.
Download Your Free Cash Kits Here:
Here's what you get with your free_membership...
* Plug-in "re-brandable" list building
websites to build YOU a list of targeted
subscribers
* Info-packed "re-brandable" reports you
give away after you brand them with YOUR name,
YOUR website and YOUR affiliate links
* Follow-Up email sequence that warms up
your new subscribers and encourages them
to buy through YOUR affiliate links!
All the hard work has been done
for you!
Simply sign up, download, plug in and watch
your multiple income stream cash kits go to
work for you.
There is even a section in the member's area
on "how to get traffic" to your cash kits and
"how to monetize" them EVEN more profit!
Claim Your Free Cash Kits Membership Here:
This guy really is out of his mind for
giving all of this away for free. So take
advantage of his madness and sign up now...
before he comes to his senses!
Do yourself a favor, and check this out right now!
Thursday, 16 October 2008
Monday, 6 October 2008
The Two Biggest Reasons Why Most People Will Never Make a Full-Time Income Online
It all starts when some well-meaning (yet misdirected) person encourages a budding internet entrepreneur to "start in a niche they know alot about", or base their business around "something they're passionate about"...
As horrible as it may sound - they've unknowingly sent the hopeful entrepreneur down a path of false expectations, poor results and eventually - failure. In fact, the myth of "do what you love and the money will follow" has been responsible for more failure than likely any other influence - perhaps even more so than laziness or a lack of perseverance.
Because the simple truth of the matter is that the only way you're going to make real money on the net is if your business is based around two crucial things:
1) Large Demand
2) Buyers
In other words - you aren't going to get rich selling a $15 ebook about growing square watermelons - even though that might be a great passion of yours.
The demand just isn't there. Maybe there's a few searches a day on Google for the topic, and perhaps there's some interest in the online "gardening enthusiast" communities - but you'd be hard-pressed to make even a few hundred dollars a month from ebook sales.
Similarly, you also aren't going to have a particularly easy time getting rich by building websites about some seemingly "popular" topics like humor, jokes, funny pictures and so on. And while there are a few ways to "monetize" your site (with AdSense, CPA Offers, CPM Banners, etc.), it takes literally millions of website visitors to make even just a few thousand dollars in markets like that.
The demand is huge - but the visitor value is extremely low...
Instead, if you want to make it big online - pulling down an impressive six-figure income - you need to tap into markets with tons of demand, where the majority of the visitors are valuable.
You need to capture tons of traffic that wants to buy something. If you take this approach, you'd practically have to hijack your own order links (or affiliate links) not to make a sizeable income.
In fact - did you know that some affiliates make several thousand dollars daily just by promoting a single product in hot markets? (Just imagine what the merchant is making...)
In some markets there's actually so much demand that the vendors are quite literally selling over a thousand units - or more - per day. Digital products, with practically zero overhead/delivery cost.
But it all comes back to tapping into valuable demand. In most cases, it takes no extra effort or "skill" to market to a valuable market than it does to struggle along with something you're passionate about.
These two factors - demand and buying traffic - are what seperate the "wannabe" marketers from the millionaires. Because there's no real secret - you just need to sell what thousands of people are already buying.
The ball is now officially in your court. Are you tapping into markets with massive, valuable demand?
Or are you struggling to simply make a few dollars occasionally with a business that's based on your own passionate interests?
--------------------------------------------------------------------------------------------------------
Chris Rempel, author of "Confessions of a Lazy Super-Affiliate", reveals 5 of his most effective traffic strategies and niche-targeting tactics in full detail Here
As horrible as it may sound - they've unknowingly sent the hopeful entrepreneur down a path of false expectations, poor results and eventually - failure. In fact, the myth of "do what you love and the money will follow" has been responsible for more failure than likely any other influence - perhaps even more so than laziness or a lack of perseverance.
Because the simple truth of the matter is that the only way you're going to make real money on the net is if your business is based around two crucial things:
1) Large Demand
2) Buyers
In other words - you aren't going to get rich selling a $15 ebook about growing square watermelons - even though that might be a great passion of yours.
The demand just isn't there. Maybe there's a few searches a day on Google for the topic, and perhaps there's some interest in the online "gardening enthusiast" communities - but you'd be hard-pressed to make even a few hundred dollars a month from ebook sales.
Similarly, you also aren't going to have a particularly easy time getting rich by building websites about some seemingly "popular" topics like humor, jokes, funny pictures and so on. And while there are a few ways to "monetize" your site (with AdSense, CPA Offers, CPM Banners, etc.), it takes literally millions of website visitors to make even just a few thousand dollars in markets like that.
The demand is huge - but the visitor value is extremely low...
Instead, if you want to make it big online - pulling down an impressive six-figure income - you need to tap into markets with tons of demand, where the majority of the visitors are valuable.
You need to capture tons of traffic that wants to buy something. If you take this approach, you'd practically have to hijack your own order links (or affiliate links) not to make a sizeable income.
In fact - did you know that some affiliates make several thousand dollars daily just by promoting a single product in hot markets? (Just imagine what the merchant is making...)
In some markets there's actually so much demand that the vendors are quite literally selling over a thousand units - or more - per day. Digital products, with practically zero overhead/delivery cost.
But it all comes back to tapping into valuable demand. In most cases, it takes no extra effort or "skill" to market to a valuable market than it does to struggle along with something you're passionate about.
These two factors - demand and buying traffic - are what seperate the "wannabe" marketers from the millionaires. Because there's no real secret - you just need to sell what thousands of people are already buying.
The ball is now officially in your court. Are you tapping into markets with massive, valuable demand?
Or are you struggling to simply make a few dollars occasionally with a business that's based on your own passionate interests?
--------------------------------------------------------------------------------------------------------
Chris Rempel, author of "Confessions of a Lazy Super-Affiliate", reveals 5 of his most effective traffic strategies and niche-targeting tactics in full detail Here
Thursday, 28 August 2008
Guest Post -Ted Nicolas`s 14 Rules for Achieving Financial Literacy
Virtually everyone reading these words is
interested in increasing their wealth.
However, to achieve financial success and
independence, including a comfortable
retirement, you are absolutely required to be
financially literate.
And there's the rub. The lack of financial
literacy of all but an elite group of very rich
people.
Reason?
The little guy just hasn't been exposed to the
real facts.
In the U.S., the richest country the world has
ever known, here is what life is like for the
average person. They spend their entire life
helping someone else get rich working for a
pittance. Upon retirement their total assets are
less than $7,000. They have no savings
whatsoever. Instead, they are deeply in debt.
On average they owe over $18,000 on their
credit cards, with few prospects of ever paying
them off.
Most Americans spend more than they earn.
Unfortunately the spendthrift lifestyle of
Americans is rapidly spreading to Europe and
Asia.
It's no wonder personal bankruptcies in America
are at an all-time high, with projections of over
2,000,000 this year.
Not even one person in a thousand is financially
literate. It's not taught in schools or
universities. Parents tend not to teach their
children virtually anything meaningful on this
important topic.
Since I haven't seen anything that makes sense
written on becoming financially literate, I
decided to share my views and experience.
This issue is dedicated to all the people I love
and care about. These include my family, friends
and readers.
What you are about to read is responsible for
earning my first million dollars by age 24. And
my assets have continued to grow ever since.
The principles I will share were not taught to me
by anyone. I've developed them through the
hardest but most effective taskmaster. Trial
and error.
Much of what I say will contradict what you've
been taught and exposed to. You may not agree
with some of my views. Several are surely going
to make you uncomfortable.
But, breaking out of your comfort zone may be
exactly what is necessary for you to acquire real-
world financial literacy that works.
* 14 little-known rules for achieving great wealth *
Nicholas Rule #1:
Recognize the difference between active and
passive in^come.
Active in^come is that which is earned in a job.
Poor people stay poor, living paycheck to
paycheck. The employees' mentality is to trade
time for money. Clearly, this is not a wealth
formula.
Passive in^come is completely different. It is
the only route to great wealth. It exists in
several forms. These include:
-- Royalties - Such as that earned by authors,
copywriters, and inventors
-- Rents - From real estate or equipment
-- Dividends - From shares in companies
-- Interest - From bank notes and other
interest-bearing investments
-- Residual in^come - From network
marketing organizations
Rich people earn the biggest portion of their
in^come by having their money work for them.
Or they earn money on work done once upon
which they get paid over and over again.
Twenty-four hours a day, every day of my life,
regardless of what the economy is doing or world
events, my wealth grows from each of the above
categories. You can do the same. In fact, you
only need one of them to achieve enough wealth
to become financially independent.
Nicholas Rule #2:
Learn how to sell.
The jobs and professions with the highest
rewards are those which generate in^come and
profits.
There are only two basic ways to earn money as
an employee or professional in the business world.
In a job that brings in money. Or that costs
money.
To earn the highest in^come, bonuses and raises,
learn the skills that make money. Avoid the
technical and administrative positions. They
cost money. They also have the lowest level
of in^come growth.
The highest paid jobs and professions include
salespeople, copywriters, marketers, product
developers, and those who manage such people.
Of course, the highest paid career by far is that
of a successful entrepreneur. Over two-thirds
of the world's wealthiest people are
entrepreneurs.
Nicholas Rule #3:
Discover how to manufacture money.
The only legal way to create unlimited quantities
of money on the basis of nothing more tangible
than an idea is in a business you own.
Tip: Start a small business on a part-time basis
as soon as you can. And the best time ever to be
in your own business is right now.
Nicholas Rule #4:
Spend less than you earn.
Unlike the majority of people who spend more
than they earn, live on 75% of your in^come.
Invest 15% of your in^come in things which
provide you passive in^come. Give 10% away
to charities you wish to support.
You must delay gratification to ultimately
achieve financial independence. You will be
wealthy at the point when your passive in^come
equals or exceeds your expenses.
Nicholas Rule #5:
Trust only yourself.
Do not follow the advice of third parties. These
include friends, family, bankers, investment
advisors, stockbrokers, economists and
politicians. Especially politicians.
The ridiculous advice of Alan Greenspan and
President Bush and other bureaucrats to "spend,
spend, spend-buy cars, bigger houses, etc." only
encourages the downward spiral of debt that many
people, especially Americans, pursue.
You can't spend your way to wealth. No one ever
has or ever will. On the contrary, to become rich
one day you must simplify, save and invest. This
is the only real route to a golden future.
Nicholas Rule #6:
Avoid debt like the plague.
The financial cancer that keeps people poor and
is sinking so many individuals and their families
is debt. Especially credit card debt, automobiles
and houses.
It's far better to:
-- Pay cash for your car. A car is absolutely
the worst investment you'll ever make,
depreciating 50% or more the first year. Car
payments will tend to keep you broke.
Tip: A great car buy can be a 5 to 7 year-old
Mercedes, Volvo, or Saab. Often you can find
them for $3,000 to $7,000. These cars tend to
be well maintained by conservative owners.
Christian Boucke attended my seminar in
Germany awhile back. He recently picked us
up on the way to the Dusseldorf airport in a
gorgeous white Mercedes that rode like a dream.
You simply couldn't tell it from a brand new
automobile. It cost him just $3,000!
-- Get rid of your credit cards as soon as
possible. These will keep you broke since you
must pay 18%-21% interest. That's why most
people never pay them off.
-- Most people's wealth is tied to their homes
and depends on rising prices. This is a huge
mistake. Nothing goes up forever. It's only
a matter of time before the worldwide property
bubble bursts! ( Note, this was written before the current "Credit Crunch")
Avoid single-family homes until you can pay
cash. Instead, sell your home. Invest in a
duplex or multiple-family house. Live in one
unit. Rent the rest of the building. Often you
can earn enough in rental in^come to cover your
mortgage expenses. There are lots of variations
on this strategy.
For example, starting my very first business, a
candy shop, I had no money. I bought a three-
story building with no money down for $50,000.
The mortgage was $308.74 per month
and was carried by the former owner. I
inexpensively converted the upper two floors
into three apartments that paid me $575.00 in
rental in^come. So, I was in the building not
only rent free but generating positive in^come.
Nicholas Rule #7:
Avoid buying most stocks, including mutual funds.
The stock market is a loser's game. Ninety-nine
percent of small investors lose their shirts. And
it's no wonder.
Insiders and big institutions are privy to
information the little guy never sees. Do you
really think you can get access to the same inside
information as Warren Buffett, George Soros, Bill
Gates and other big investors? Do you think with
limited information you can outsmart them? I've
never seen anyone do it.
Quick note: I'm not suggesting companies are
deliberately withholding information. One of my
previous companies traded publicly. However,
even though we wanted to we could not give
shareholders the real facts about our future
potential as it was against SEC regulations!
The only people who know about the real future
of any company are the insiders. I've never
seen this very real fact discussed anywhere.
Plus, most securities in the U.S. are overpriced
at 22 times earnings on average. And most pay
no interest.
The only type securities you should ever buy are
those in solid blue-chip companies with a long
history of dividends and/or interest payments.
Remember, always look for those which generate
passive in^come. Otherwise, don't make the
investment.
Nicholas Rule #8:
Learn about how to employ corporations in
your financial plans.
Discover the difference between Limited
Liability Companies (LLC's), S and C
Corporations and Not for Profits. Learn about
how to protect your personal assets, which
should be kept separate from what you invest
in the business.
Tip: Talk with a good accountant well-versed in
business. Review your personal situation. Take
their feedback into account before you make your
financial decisions.
Nicholas Rule #9:
Do not keep all your assets in any single country.
Spread your assets among several countries,
including Switzerland.
One-third of the world's wealth resides in
Switzerland. It's not an accident.
Other countries which are relatively strong and
stable include Austria, Australia, New Zealand,
Germany, Luxembourg, Liechtenstein, the United
Kingdom, and Monaco.
Perhaps the safest as well as perfectly legal way
to invest and get approximately 8% return on
your money and have a guaranteed retirement
income for life is via a Swiss annuity. The
income can be in Swiss francs or in U.S.
dollars.
Tip: For better protection and safety, diversify
your assets among several currencies, including
those of Switzerland, Austria, New Zealand,
Australia, Norway, Germany, United Kingdom
and the Euro. Bill Gates, Warren Buffett, and
George Soros for example are currently betting
against the U.S. dollar by putting much of their
cash into non U.S. currencies.
Nicholas Rule #10:
Keep your taxes to the legal minimum. Most
entrepreneurs overpay their taxes unnecessarily.
With the help of a really good and aggressive
Small business tax accountant, often you can
legally re^duce your tax pay^ments to little or
nothing. If you prefer to fund any government
schemes, you can always contribute whatever
you like.
Tip: Explore the use of such concepts as
employee-benefit plans, where you are the
biggest beneficiary. Business deductions for
rent for your home office, as well as much of
your business-related travel and entertainment
are deductible. And, as mentioned, use
corporations in your home country to personal
advantage.
Nicholas Rule #11:
Learn to benefit from setting up bank accounts,
companies and foundations in off^shore centers.
There are many ways to do business off^shore.
As an independent entrepreneur, you can do the
same sorts of things major corporations around
the world have been doing for years to reduce
taxes and achieve other important benefits.
These include great asset protection and increased
privacy. Places such as Bermuda, Liechtenstein,
the Cayman Islands, Cook Islands, British Virgin
Islands and Channel Islands can often provide
excellent benefits for you .
Selecting a good lawyer well versed in off^shore
financial planning is an absolute must.
Nicholas Rule #12:
Invest in yourself.
There are only two investments that are forever
and can never be taken away from you.
The first is your knowledge.
You can suffer losses and if you are not careful
even lose all your money. But what's retained
in your mind is always yours to keep.
Continuously invest in well-chosen seminars.
At least 4 and up to 12 per year. Also, read a
minimum of one book a month. Plus listen to
CD's and tapes. You can turn your car into a
"University on Wheels."
The other unsurpassed investment is
your health.
Nicholas Rule #13:
Invest in your health.
You cannot get all the nutrients you require from
food alone.
Budget each month to invest a minimum of $175
in natural supplements and herbs. (My budget is
$275 monthly.)
You must exercise. Join a fitness center or pool
if that's your style. Or simply walk an hour a
day. Make sure you acquire good walking or
running shoes, goggles, and other sports
equipment to help support your daily exercise
program.
The number one asset all of us have is our health.
No other investment will pay off for you as well.
Nicholas Rule #14:
Study direct marketing and copywriting.
In this age of mass communication in all the
major media including the Internet, the very best
way to take advantage is by using direct
marketing.
By learning to write sales copy that gets your
message to your markets, you can build a
fabulous business fast. No other skill will pay
you more. Study this topic and watch your wealth
multiply faster than any way I know.
Tip: You may recall the "8th Wonder of the
World" ad I ran for several years. The 8th wonder
is compound interest. It is the most powerful
force man has ever created. When you put this
force to work for you, your wealth will continue to
compound for your benefit as well as your loved
ones.
Study and apply these 14 rules. I promise you
that your wealth will compound faster than you
may now even imagine.
Your correspondent,
Ted Nicholas
"This article appears courtesy of THE SUCCESS MARGIN, the Internet's most valuable success and marketing e-zine. For a complimentary subscription, visit http://clicks.aweber.com/y/ct/?l=9COil&m=1ezEOwt_Lyt2_H&b=K1dpdfeflP0fXIJKHvzADA
For those not familiar with Ted, here's a little background information.
At the age of seventeen he was pounding the streets selling Kirby vacuum cleaners door to door. Giving him his first sales training. Before that he worked in his father's ice cream and candy business, bussing tables, sweeping floors, whatever needed to be done.
At age 21, and $96,000 in debt, he started his own candy business called, "Peterson's House Of Fudge" It was here where he began to learn the ropes of how to successfully market a business.
Ted began to see how differently his customers responded depending on the choice of words he used in the signs, print ads and mailing pieces he used for his business.
Through much determination and hard work Ted grew his candy business from one store in the beginning to ultimately 30 retail candy store franchises.
It was around this time Ted got the idea for his first book titled, "How To Form Your Own Corporation Without a Lawyer for Under $50".
With the success of, "How To Form Your Own Corporation Without a Lawyer for Under $50" Ted built a book publishing empire called Enterprise Publishing, eventually leading to 14 other best-selling business books. He also created an incorporating service company called The Company Corporation. TCC grew to become the largest incorporating company in the world.
Today, Ted is not only a successful international speaker and author, he is also an expert marketing consultant, and one of the most successful and highest paid copywriters in the world.
interested in increasing their wealth.
However, to achieve financial success and
independence, including a comfortable
retirement, you are absolutely required to be
financially literate.
And there's the rub. The lack of financial
literacy of all but an elite group of very rich
people.
Reason?
The little guy just hasn't been exposed to the
real facts.
In the U.S., the richest country the world has
ever known, here is what life is like for the
average person. They spend their entire life
helping someone else get rich working for a
pittance. Upon retirement their total assets are
less than $7,000. They have no savings
whatsoever. Instead, they are deeply in debt.
On average they owe over $18,000 on their
credit cards, with few prospects of ever paying
them off.
Most Americans spend more than they earn.
Unfortunately the spendthrift lifestyle of
Americans is rapidly spreading to Europe and
Asia.
It's no wonder personal bankruptcies in America
are at an all-time high, with projections of over
2,000,000 this year.
Not even one person in a thousand is financially
literate. It's not taught in schools or
universities. Parents tend not to teach their
children virtually anything meaningful on this
important topic.
Since I haven't seen anything that makes sense
written on becoming financially literate, I
decided to share my views and experience.
This issue is dedicated to all the people I love
and care about. These include my family, friends
and readers.
What you are about to read is responsible for
earning my first million dollars by age 24. And
my assets have continued to grow ever since.
The principles I will share were not taught to me
by anyone. I've developed them through the
hardest but most effective taskmaster. Trial
and error.
Much of what I say will contradict what you've
been taught and exposed to. You may not agree
with some of my views. Several are surely going
to make you uncomfortable.
But, breaking out of your comfort zone may be
exactly what is necessary for you to acquire real-
world financial literacy that works.
* 14 little-known rules for achieving great wealth *
Nicholas Rule #1:
Recognize the difference between active and
passive in^come.
Active in^come is that which is earned in a job.
Poor people stay poor, living paycheck to
paycheck. The employees' mentality is to trade
time for money. Clearly, this is not a wealth
formula.
Passive in^come is completely different. It is
the only route to great wealth. It exists in
several forms. These include:
-- Royalties - Such as that earned by authors,
copywriters, and inventors
-- Rents - From real estate or equipment
-- Dividends - From shares in companies
-- Interest - From bank notes and other
interest-bearing investments
-- Residual in^come - From network
marketing organizations
Rich people earn the biggest portion of their
in^come by having their money work for them.
Or they earn money on work done once upon
which they get paid over and over again.
Twenty-four hours a day, every day of my life,
regardless of what the economy is doing or world
events, my wealth grows from each of the above
categories. You can do the same. In fact, you
only need one of them to achieve enough wealth
to become financially independent.
Nicholas Rule #2:
Learn how to sell.
The jobs and professions with the highest
rewards are those which generate in^come and
profits.
There are only two basic ways to earn money as
an employee or professional in the business world.
In a job that brings in money. Or that costs
money.
To earn the highest in^come, bonuses and raises,
learn the skills that make money. Avoid the
technical and administrative positions. They
cost money. They also have the lowest level
of in^come growth.
The highest paid jobs and professions include
salespeople, copywriters, marketers, product
developers, and those who manage such people.
Of course, the highest paid career by far is that
of a successful entrepreneur. Over two-thirds
of the world's wealthiest people are
entrepreneurs.
Nicholas Rule #3:
Discover how to manufacture money.
The only legal way to create unlimited quantities
of money on the basis of nothing more tangible
than an idea is in a business you own.
Tip: Start a small business on a part-time basis
as soon as you can. And the best time ever to be
in your own business is right now.
Nicholas Rule #4:
Spend less than you earn.
Unlike the majority of people who spend more
than they earn, live on 75% of your in^come.
Invest 15% of your in^come in things which
provide you passive in^come. Give 10% away
to charities you wish to support.
You must delay gratification to ultimately
achieve financial independence. You will be
wealthy at the point when your passive in^come
equals or exceeds your expenses.
Nicholas Rule #5:
Trust only yourself.
Do not follow the advice of third parties. These
include friends, family, bankers, investment
advisors, stockbrokers, economists and
politicians. Especially politicians.
The ridiculous advice of Alan Greenspan and
President Bush and other bureaucrats to "spend,
spend, spend-buy cars, bigger houses, etc." only
encourages the downward spiral of debt that many
people, especially Americans, pursue.
You can't spend your way to wealth. No one ever
has or ever will. On the contrary, to become rich
one day you must simplify, save and invest. This
is the only real route to a golden future.
Nicholas Rule #6:
Avoid debt like the plague.
The financial cancer that keeps people poor and
is sinking so many individuals and their families
is debt. Especially credit card debt, automobiles
and houses.
It's far better to:
-- Pay cash for your car. A car is absolutely
the worst investment you'll ever make,
depreciating 50% or more the first year. Car
payments will tend to keep you broke.
Tip: A great car buy can be a 5 to 7 year-old
Mercedes, Volvo, or Saab. Often you can find
them for $3,000 to $7,000. These cars tend to
be well maintained by conservative owners.
Christian Boucke attended my seminar in
Germany awhile back. He recently picked us
up on the way to the Dusseldorf airport in a
gorgeous white Mercedes that rode like a dream.
You simply couldn't tell it from a brand new
automobile. It cost him just $3,000!
-- Get rid of your credit cards as soon as
possible. These will keep you broke since you
must pay 18%-21% interest. That's why most
people never pay them off.
-- Most people's wealth is tied to their homes
and depends on rising prices. This is a huge
mistake. Nothing goes up forever. It's only
a matter of time before the worldwide property
bubble bursts! ( Note, this was written before the current "Credit Crunch")
Avoid single-family homes until you can pay
cash. Instead, sell your home. Invest in a
duplex or multiple-family house. Live in one
unit. Rent the rest of the building. Often you
can earn enough in rental in^come to cover your
mortgage expenses. There are lots of variations
on this strategy.
For example, starting my very first business, a
candy shop, I had no money. I bought a three-
story building with no money down for $50,000.
The mortgage was $308.74 per month
and was carried by the former owner. I
inexpensively converted the upper two floors
into three apartments that paid me $575.00 in
rental in^come. So, I was in the building not
only rent free but generating positive in^come.
Nicholas Rule #7:
Avoid buying most stocks, including mutual funds.
The stock market is a loser's game. Ninety-nine
percent of small investors lose their shirts. And
it's no wonder.
Insiders and big institutions are privy to
information the little guy never sees. Do you
really think you can get access to the same inside
information as Warren Buffett, George Soros, Bill
Gates and other big investors? Do you think with
limited information you can outsmart them? I've
never seen anyone do it.
Quick note: I'm not suggesting companies are
deliberately withholding information. One of my
previous companies traded publicly. However,
even though we wanted to we could not give
shareholders the real facts about our future
potential as it was against SEC regulations!
The only people who know about the real future
of any company are the insiders. I've never
seen this very real fact discussed anywhere.
Plus, most securities in the U.S. are overpriced
at 22 times earnings on average. And most pay
no interest.
The only type securities you should ever buy are
those in solid blue-chip companies with a long
history of dividends and/or interest payments.
Remember, always look for those which generate
passive in^come. Otherwise, don't make the
investment.
Nicholas Rule #8:
Learn about how to employ corporations in
your financial plans.
Discover the difference between Limited
Liability Companies (LLC's), S and C
Corporations and Not for Profits. Learn about
how to protect your personal assets, which
should be kept separate from what you invest
in the business.
Tip: Talk with a good accountant well-versed in
business. Review your personal situation. Take
their feedback into account before you make your
financial decisions.
Nicholas Rule #9:
Do not keep all your assets in any single country.
Spread your assets among several countries,
including Switzerland.
One-third of the world's wealth resides in
Switzerland. It's not an accident.
Other countries which are relatively strong and
stable include Austria, Australia, New Zealand,
Germany, Luxembourg, Liechtenstein, the United
Kingdom, and Monaco.
Perhaps the safest as well as perfectly legal way
to invest and get approximately 8% return on
your money and have a guaranteed retirement
income for life is via a Swiss annuity. The
income can be in Swiss francs or in U.S.
dollars.
Tip: For better protection and safety, diversify
your assets among several currencies, including
those of Switzerland, Austria, New Zealand,
Australia, Norway, Germany, United Kingdom
and the Euro. Bill Gates, Warren Buffett, and
George Soros for example are currently betting
against the U.S. dollar by putting much of their
cash into non U.S. currencies.
Nicholas Rule #10:
Keep your taxes to the legal minimum. Most
entrepreneurs overpay their taxes unnecessarily.
With the help of a really good and aggressive
Small business tax accountant, often you can
legally re^duce your tax pay^ments to little or
nothing. If you prefer to fund any government
schemes, you can always contribute whatever
you like.
Tip: Explore the use of such concepts as
employee-benefit plans, where you are the
biggest beneficiary. Business deductions for
rent for your home office, as well as much of
your business-related travel and entertainment
are deductible. And, as mentioned, use
corporations in your home country to personal
advantage.
Nicholas Rule #11:
Learn to benefit from setting up bank accounts,
companies and foundations in off^shore centers.
There are many ways to do business off^shore.
As an independent entrepreneur, you can do the
same sorts of things major corporations around
the world have been doing for years to reduce
taxes and achieve other important benefits.
These include great asset protection and increased
privacy. Places such as Bermuda, Liechtenstein,
the Cayman Islands, Cook Islands, British Virgin
Islands and Channel Islands can often provide
excellent benefits for you .
Selecting a good lawyer well versed in off^shore
financial planning is an absolute must.
Nicholas Rule #12:
Invest in yourself.
There are only two investments that are forever
and can never be taken away from you.
The first is your knowledge.
You can suffer losses and if you are not careful
even lose all your money. But what's retained
in your mind is always yours to keep.
Continuously invest in well-chosen seminars.
At least 4 and up to 12 per year. Also, read a
minimum of one book a month. Plus listen to
CD's and tapes. You can turn your car into a
"University on Wheels."
The other unsurpassed investment is
your health.
Nicholas Rule #13:
Invest in your health.
You cannot get all the nutrients you require from
food alone.
Budget each month to invest a minimum of $175
in natural supplements and herbs. (My budget is
$275 monthly.)
You must exercise. Join a fitness center or pool
if that's your style. Or simply walk an hour a
day. Make sure you acquire good walking or
running shoes, goggles, and other sports
equipment to help support your daily exercise
program.
The number one asset all of us have is our health.
No other investment will pay off for you as well.
Nicholas Rule #14:
Study direct marketing and copywriting.
In this age of mass communication in all the
major media including the Internet, the very best
way to take advantage is by using direct
marketing.
By learning to write sales copy that gets your
message to your markets, you can build a
fabulous business fast. No other skill will pay
you more. Study this topic and watch your wealth
multiply faster than any way I know.
Tip: You may recall the "8th Wonder of the
World" ad I ran for several years. The 8th wonder
is compound interest. It is the most powerful
force man has ever created. When you put this
force to work for you, your wealth will continue to
compound for your benefit as well as your loved
ones.
Study and apply these 14 rules. I promise you
that your wealth will compound faster than you
may now even imagine.
Your correspondent,
Ted Nicholas
"This article appears courtesy of THE SUCCESS MARGIN, the Internet's most valuable success and marketing e-zine. For a complimentary subscription, visit http://clicks.aweber.com/y/ct/?l=9COil&m=1ezEOwt_Lyt2_H&b=K1dpdfeflP0fXIJKHvzADA
For those not familiar with Ted, here's a little background information.
At the age of seventeen he was pounding the streets selling Kirby vacuum cleaners door to door. Giving him his first sales training. Before that he worked in his father's ice cream and candy business, bussing tables, sweeping floors, whatever needed to be done.
At age 21, and $96,000 in debt, he started his own candy business called, "Peterson's House Of Fudge" It was here where he began to learn the ropes of how to successfully market a business.
Ted began to see how differently his customers responded depending on the choice of words he used in the signs, print ads and mailing pieces he used for his business.
Through much determination and hard work Ted grew his candy business from one store in the beginning to ultimately 30 retail candy store franchises.
It was around this time Ted got the idea for his first book titled, "How To Form Your Own Corporation Without a Lawyer for Under $50".
With the success of, "How To Form Your Own Corporation Without a Lawyer for Under $50" Ted built a book publishing empire called Enterprise Publishing, eventually leading to 14 other best-selling business books. He also created an incorporating service company called The Company Corporation. TCC grew to become the largest incorporating company in the world.
Today, Ted is not only a successful international speaker and author, he is also an expert marketing consultant, and one of the most successful and highest paid copywriters in the world.
Tuesday, 29 July 2008
Completely Free resource to get you started on-line
Came across this new site, from someone on facebook.It's a completly free programme to get you up and running in an online business. I will keep you posted on how it develops.Here's a quick summary:
WHAT IS THE THIRTY DAY CHALLENGE?
In a nutshell... The Thirty Day Challenge is about making your first $10 online. For a full 30 days we are going to be showing you exactly how to start your own Internet business and generate your first income online without spending a dime. That's right, this is going to cost zip, diddly, nothing, nada, ziltch. The entire training program is free, and you won't have to spend a thing to get your business started and begin making money. No credit card required.
Find out more
WHAT IS THE THIRTY DAY CHALLENGE?
In a nutshell... The Thirty Day Challenge is about making your first $10 online. For a full 30 days we are going to be showing you exactly how to start your own Internet business and generate your first income online without spending a dime. That's right, this is going to cost zip, diddly, nothing, nada, ziltch. The entire training program is free, and you won't have to spend a thing to get your business started and begin making money. No credit card required.
Find out more
Friday, 18 July 2008
An Unusual, but Lucrative Way To Earn a Sideline Income
Get PUBLISHED and earn QUICK CASH... TODAY?
Here's How YOU Can Tap Into SECRET Writing Markets
- And Earn BIG MONEY for 5 MINUTES of WRITING!
NEW guide from best-selling author Nick Daws unveils all...
NO hours of slogging over a keyboard. NO waiting for quarterly commission checks. NO deadlines.
Just write... get published... GET CASH.
And the best news? This is all possible, right now... TODAY. You don't need any experience and you can start earning CASH almost instantly -- once you discover the niche industries that are CRYING OUT for people like you to write for them.
The great thing is that the VAST MAJORITY of writers have NO IDEA about these little-known writing markets. Only a handful of writers are truly aware of the potential... and are earning a fantastic income by tapping out words on their home computer. You can join them, working just five minutes a day.
It doesn't matter whether you live in the United States, the United Kingdom, Australia, New Zealand or Canada, there are SECRET writing markets out there that are simply BEGGING for people like you to write for them. And all it takes it a FEW MINUTES EACH DAY.
Make the decision to become a PUBLISHED AUTHOR right now...
... Working just a COUPLE of MINUTES each day!
This is one HUGE collection of secret markets, all TOTALLY EXPOSED in one exciting course from best-selling author Nick Daws. He'll take you by the hand and personally show you how to exploit EACH market, step-by-step.
Nick will tell you EVERYTHING you need to know. From writing reviews to getting your stories pitch to Hollywood, you'll learn it ALL.
You DON'T need to be Shakespeare to begin using Nick's techniques. All you need is a pen, a sheet of paper - and a little enthusiasm. Nick provides the rest. And it's all TOTALLY risk-free. Interested? Then click here to discover how to begin enjoying Quick Cash Writing!
Here's How YOU Can Tap Into SECRET Writing Markets
- And Earn BIG MONEY for 5 MINUTES of WRITING!
NEW guide from best-selling author Nick Daws unveils all...
NO hours of slogging over a keyboard. NO waiting for quarterly commission checks. NO deadlines.
Just write... get published... GET CASH.
And the best news? This is all possible, right now... TODAY. You don't need any experience and you can start earning CASH almost instantly -- once you discover the niche industries that are CRYING OUT for people like you to write for them.
The great thing is that the VAST MAJORITY of writers have NO IDEA about these little-known writing markets. Only a handful of writers are truly aware of the potential... and are earning a fantastic income by tapping out words on their home computer. You can join them, working just five minutes a day.
It doesn't matter whether you live in the United States, the United Kingdom, Australia, New Zealand or Canada, there are SECRET writing markets out there that are simply BEGGING for people like you to write for them. And all it takes it a FEW MINUTES EACH DAY.
Make the decision to become a PUBLISHED AUTHOR right now...
... Working just a COUPLE of MINUTES each day!
This is one HUGE collection of secret markets, all TOTALLY EXPOSED in one exciting course from best-selling author Nick Daws. He'll take you by the hand and personally show you how to exploit EACH market, step-by-step.
Nick will tell you EVERYTHING you need to know. From writing reviews to getting your stories pitch to Hollywood, you'll learn it ALL.
You DON'T need to be Shakespeare to begin using Nick's techniques. All you need is a pen, a sheet of paper - and a little enthusiasm. Nick provides the rest. And it's all TOTALLY risk-free. Interested? Then click here to discover how to begin enjoying Quick Cash Writing!
Thursday, 17 July 2008
So the Journey begins
With all the economic uncertainty around, it's now more important than ever to have multiple streams of income.I am starting from scratch, with very little money, and no previous experience in on or offline business.Maybe it won't make me a millionaire, but it's gonna be fun and profitable.I also do freelance writing and copy writing, you can take a look at my website here
I also have another blog here
I am using "Internet Riches", by Scott Fox, and "Your Portable Empire", by Pat O'Bryan as my reference books and guides, and will post links etc as and when I find them.You will be able to see where I get it right, and probably more importantly, where I go wrong.I also invite your paticipation via comments advice etc.The aim is to provide a number of income streams and develop a lifestyle, rather than being a wage slave.
I also have another blog here
I am using "Internet Riches", by Scott Fox, and "Your Portable Empire", by Pat O'Bryan as my reference books and guides, and will post links etc as and when I find them.You will be able to see where I get it right, and probably more importantly, where I go wrong.I also invite your paticipation via comments advice etc.The aim is to provide a number of income streams and develop a lifestyle, rather than being a wage slave.
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