Posts Tagged ‘Warren Buffett’

Self-Made Millionaires…Really?

Monday, May 23rd, 2011

As a child did you ever dream about becoming a Millionaire?  Driving a fancy sports car? Living in a castle in Germany?  Wealth beyond imagination?  Perhaps you day-dreamed about where you would travel or what you would do with your life if money were of no concern.

Being a “self-made” millionaire is something that is at the heart of many in search of the American Dream.  The idea of creating an innovative product or service, starting a business, and marketing that product and/or service to the world is what drives most entrepreneurial minds.  The truth of the matter is that there are no self-made millionaires.  In fact, every time I hear someone say it, I cringe. It’s simply not true!!! We live in an interdependent world where everyone must work with others to succeed. Our relationship capital and ability to exchange value with others is what accelerates more wealth. Did Warren Buffett, Bill Gates, or Carlos Slim do it alone? Of course not!!!

For instance, I used to be the “jack of all trades” financial advisor. You could come to me for mutual funds, life insurance, health insurance, mortgages, and even help with your debt! Heck, I would even offer to babysit if you would do business with me ;)  But seriously, despite all of these services, I struggled to make a decent living. Ironically, I made a lot more money when I began using my financial knowledge and ability to teach the “why” and the “how”, and then delegate a lot of the implementation of those services to others. I found out that I was better off making 50% of something than 100% of nothing. I was happy, the clients were happy, and my team was happy. How cool is that?! I figured out the fastest way to make money is to look for the “win-win-win.”

In the real business world, the more we focus on our using our strengths, and allow others to use their strengths, towards a common objective, the wealthier we ALL become.

What do you offer and who can help you deliver it so you can become more financially wealthy?

What Is One Secret to More Success Right Now?

Thursday, October 21st, 2010

What is the one secret to becoming successful that most never figure out? What is that small pitfall that traps most of us in a world of mediocrity, frustration, and uncertainty?

Warren Buffett is currently the wealthiest investor & business owner in the world (depending on the value of his and Bill Gates’ companies). One of our mentors, Rick Sapio, interviewed Mr. Buffett for 40 minutes. There was statement made that stuck with Rick to this day. It is one of the biggest reasons why most never achieve financial freedom, greater health, or fulfilling relationships. It keeps us busy, but never attaining the results that we really want. In fact, by just implementing this one idea in your business, your money, and your life, it would transform the results you have seen up until this point!

Warren Buffett said this….

“The difference between those that are successful and those that are ultra-successful is that extremely successful people say ‘No’ to almost everything.”

Just saying “No” applies to a lot more than just drugs! Think about it. Have you ever over-committed to something? Have you ever said “yes” to too many things? Have you ever felt like you are running around with your head cut off? Sure, we all have! This is why Warren Buffett tells you that diversification is for those who don’t know what they are doing.

Focus is the key to seeing extraordinary results. This is why multi-tasking really doesn’t beat out focusing on one project at a time. Many go bankrupt or severely in debt because they tried to take on too many investments or projects. Those that try to implement a business idea, and then jump to another because they haven’t seen any results in a month or two, usually will never see results no matter what they do. You may know some of these people, and they drive you nuts! Well, let’s make sure we’re not one of them.

Here are some questions that will help you say “No” to the many wrong opportunities and “Yes” to the few right ones.

  1. Do I have sufficient knowledge or expertise about this investment or business?
  2. If money were no longer an issue for me, would I still do it?
  3. What other reasons, other than rate of return, would I invest in this?
  4. Would this distract me from being successful with my other investments or businesses?

Use these questions to guide your decision making and ensure you focus your energies towards the right activities to being “ultra-successful.” For further discussion on this, comment on your experiences with this and listen to our previous podcast, “The Power to Say NO.”

Finding Your Niche to Get Rich

Tuesday, March 16th, 2010

Your niche will make you rich! Do what you do best to create maximum value for others. Become the expert in your field. Your strengths are key to living Soul Purpose prosperously. Learn how to  discover your unique abilities so you can create greater wealth in your life and better live your Soul Purpose.

Sign up for our free weekly money tips to further learn how to implement on these principles.

 
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Should I Diversify My Investing?

Tuesday, January 26th, 2010

Why is diversification more risky than concentration? Are YOU really diversified? Learn the myth behind diversification and how you can become wealthier by being a more focused investor, like Warren Buffett.

Key Point: If you don’t have clarity of purpose in your investing, you will never know the difference between your destiny and a distraction!

 
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Trading Vs Investing

Tuesday, January 12th, 2010

Is trading different than investing? Is Warren Buffett a trader or investor? Which one will make you money, and which one is gambling? Listen to learn what the difference is, and how you can dramatically lessen your risk with your investments to make a greater rate of return.

 
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