Archive for the ‘Advice’ Category

The One And Only Secret To Ultimate Success



In English idiom, “2 left feet” refers to an inept dancer and generally, a clumsy person. Putting this meaning aside, I wish I had 2 left feet so that I don’t have to worry whether to go left or right, so I’ll just stick to left and let Life happens as it always does, and if I walk left long enough, maybe enough people will start to question, “Does this guy ever turn right?”

Regardless of what ’success’ means to you, for everyone reading this, it is a plus, not a minus. Success is a profitable endeavour. No intelligent people on earth would insist on walking from circumstance to circumstance getting pulled down all the time and still declare themselves a ’success’ if that’s fine with them. Well, it’s fine with them, but I call it ’stubbornness’.

Success is not hocus-pocus; it’s all about FOCUS. Just how many people had faltered in time past, thought twice and diverted when success was just a block away or around the corner. Consider the total revenue (in US$ billions) amassed by Coca-Cola and Pepsi Cola. Pepsi bought over Taco Bell, KFC, Domino Pizza and owns a range of soft drinks like 7-Up, Miranda and others, to name just a few.

Come to think of it, so many ‘advisors’ in the world say you shouldn’t put your eggs in one basket; that’s why you diversify your attention left and right. Here is one very great example of why putting all your eggs in one basket can earn you 10 times more. Coca-cola may not be good at mergers and acquisitions, but it has transcended that kind of business. It has become such an evangelistic institution that it conquers India faster than you can say ‘Christianity’.

It’s the same with McDonald’s. McDonald’s stick to ‘McDonald’s’ and The Mac–small and big–becomes such an indispensable identity, people cannot “think outside the Mac”. Today, many food franchises have emulated McDonald’s franchise/food delivery system, but it is still the largest food chain in the world and will remain that way for a good while.

You can be a successful entrepreneur and feel relatively secure in life. You may no longer need to worry about maintaining your home or the welfare of your spouse and kids, but the level of success enjoyed by Coca-cola and McDonald’s is something on a scale that cannot be contained by family life, not saying that family life may be a hindrance too. To rise to that level, surely more work needs to be done on building up current flagship products and foundation.

So do you start to walk right? Not really. Success is really achieving one thing and using that as a stepping stone to achieve something else. It’s no secret, but oh, how many CEOs do not have the wisdom to appreciate it. For some reasons, they thought having only one type of product is not enough to provide a sense of security, so ‘expansion’ means ‘diversification’.

Creative Technology might have a better bet sticking to its “digital home entertainment” concept. It could have built on the SoundBlaster to move closer to that vision quickly rather than to dabble with MP3 players and optical disk drives. The MP3 player market already belongs to the iPod, no matter how technically bad it is compared to other players while Creative had to write off its disk drives in the late 90s due to excess inventory, remember? It wins some, it loses some, but has the company learnt its lesson yet?

Netscape Communications came very close to that level of success, very close. It collapsed on itself by expending all its energy on suing Microsoft because it must have thought “the Internet and the browser market is mine, MINE! Muahaha”. Instead of improving its own backyard, it got distracted by another company’s presence and competition. What does that tell you about not having enough faith in oneself? Now Microsoft and Google are encroaching in each other’s territories so we shall see how history repeats itself.

Friends, be focused! The center-point of your attention and the jewel in your eye is the most profitable of them all. Your family members and a few close friends may know you for many good and bad secrets, but most people know you for only one thing. I know nuts about the ingredients that go into making Coca-cola, but the impression is it’s better than Pepsi. Creative Technology is known for creating beautiful sounds on the computer. Bill Gates got rich making software. Michael Jordan is the king of basketball, so is Muhammed Ali for boxing, and either have tried baseball. The late Peter Drucker is the founding father of management consultancy and much less well known for his infatuation with Japanese art. Who cares about Japanese art until someone comes along and proactively promotes it like a loudhailer all his/her life?

If you want to catch the attention of as many people as possible, you simply cannot diversify. Do not be tempted left and right but ponder the narrow path right upon your feet in front of you. Here are 3 ways you can build up your ultimate success through focus:

1) Build on your strength. Each and every person has a set of different capabilities, in which some are greater than others. Do you know what you are already good at? Do you have a revenue model for your capabilities? Start building up those good ones to a commercial level with more practice and research for better revenue generating methods in exchange for your products and services which arise out of your capabilities. The beginning of an unsuccessful business is when you become a jack of all trades and master of none.

2) Build on your uniqueness. This refers to natural talent. Beethoven composed his first symphony at the age of 4. You call that ‘capability’ or ‘talent’? The question is: what are the few things you can do brilliantly without pushing too hard? While others find it difficult, you find easy. When you find something that gets you excited and passionate about, business becomes play instead of work.

3) Build on your life purpose. For a great many people, money is a stumbling block. We are constantly trying to ensure that our deserved payoff matches the amount of effort we expend, no less, but yeah, more would be a bonus, thank you very much. If everybody thinks and acts like this, we will all be a step closer to hell really. There’s no greatness in living a life as suckers. Truth is, living a purpose-driven life is most profitable at its heart when you feel you are really alive doing the things you love to do and knowing that your contribution to the people around you will make you great, without ever thinking so much about payoff.

You only have one life to live, so what do you want to be remembered for before you die? Think about it. Life is full of all its joy and pain, and consequences whether you do certain things or not, but until you gain a sense of direction as you ponder every step of your feet, you wouldn’t have known how wonderful ‘progress’ means to you. Achievement is a great feeling; don’t indulge in it though, it’s only interim. There’s always another level of success ahead of you…yet.

All roads lead to Rome; that doesn’t mean it’s necessary for you to go to Perth. But if you have no choice but to go one big round through Perth, you will have to do it if you seriously want people to remember you for your one and only Rome.



Wealth Builders!

Posted on October 15th, 2008 by admin  |  No Comments »

Advanced Wealth Planning Strategies



Your advanced wealth planning strategies should not consist of you going it alone. The key to advancing your wealth is building a quality team of advisor’s. Your advisor’s will make you or break you. Advancing your wealth cannot and should not be done by yourself. Many people make the mistake of doing everything themselves. Doing everything yourself is fine but if you want to increase your wealth you will need advisor’s. Money is an emotional subject for many people. Everyone goes through money problems (even the very wealthy), how you and your team handle your money problems is what counts.

First you should hire a bookkeeper. In order to increase your wealth you must know what direction your money is flowing. Is your spending helping or hurting you? Yes there are many people who balance their own checkbooks but you need an outside opinion. The amount of money you are making is irrelevant when it comes to hiring a bookkeeper. Whether you are making 250,000 dollars a year or 25,000 dollars a year you should still have your own bookkeeper. Once you have your bookkeeper you can now go over your monthly financials. You will see what good and bad spending habits you have. Then you can work to out the bad spending habits and increase the good spending habits.

The next adviser you should have is your financial adviser. Hiring a good financial adviser is one of the best moves you can make. He can help you plan for retirement and other things. Having a 401 K with your company is not enough, be sure to get a financial adviser.

Getting a tax strategist should be your next step. It really does not matter if you are self-employed, own your own business, or have a 9-5 job. Getting a tax strategist is essential because your eyes will be opened when you see the way money is taxed for different people. You will also see how people are penalized with heavier taxes by bringing in a certain type of income.

When choosing your advisor’s choose carefully. Do not just hire an adviser who makes money off of commissions. You want an adviser who practices what they preach and is successful at it. Your advisor’s will be able to help you setup many advanced wealth planning strategies.



Are You Looking For A Realistic $250K First Year Income Potential?

Posted on September 22nd, 2008 by admin  |  No Comments »

The Automatic Wealth Building Habit



Can you really build wealth automatically?

The answer is yes…you just need to acquire a new wealth building habit.

You are going to love this habit because you do not even have to remember it….a banking computer remembers the habit for you! How is that possible? Read on and you will soon see.

Here is how the automatic wealth building habit works. It is based on the miracle of compounding interest and the amazing banking technology that is available to virtually all of us today.

Step 1

If you do not have a bank account with “Bill Pay” go to a bank that has it and open a new account. Ask them how many checks can be sent per month, can it be managed via the internet, what are the costs. Many banks now offer this service for free as a promotion to get more customers.

Step 2

Decide who it is that you want to help build wealth. Yourself, your child, a grandchild, or even a friend. This habit also works for building spiritual wealth…more on that later.

Step 3

After you open the account you now have the ability to select any amount of money that you want sent to any person or organization and at almost any time interval. Some banks even offer an unlimited amount of bills that can be sent. The banks will then mail checks at regular intervals to the people or organizations you have designated…you do not have to do anything.

The real power of this habit is that you are not going to be sending bills in most cases…you will be sending wealth building payments….automatically!

OK, before we get to step 4 let’s look at the amazing power of compounding interest to see how much wealth can be built over time with this habit.

Here is an example of how much wealth you could build by having your billpay send just $50 per month into an account (mutual fund, IRA, etc) that has a 5% yield.

1 Year = $615

5 Years = $3,400

10 Years = $7,764

25 years = $29,775

You can learn more about compounding interest by doing a Google search on the internet. Obviously the amount of wealth you can build varies with the amounts and frequency of bill payments sent to your wealth building accounts and your rate of interest.

This is where research can help you, it is beyond the scope of this article to show you all the amazing possibilities that exist.

The beauty of the bill pay system is that it is very easy to adjust your recurring amounts up or down based on your current financial situation. As an example, you could set up your bill pay to send $12.50 each week into an account (Equals $50 per month) or change it to $15 per week for a few weeks and then back down to $12.50 at a later time. You decide exactly who gets the money, how much, and how often….you have complete control at all times. It is amazing wealth building power.

Step 4

Now it is time to set up your automatic wealth building habit using your banks billpay system. Get the address of the person or organization you want the money sent to including the account number. Go online and set up a new account with this information. Set frequency and amounts. Note: I have been doing this since 1992 and have multiple accounts (Charities, IRA’s etc) that have received money from me every month for 14 years and I have never written or signed a single check! I know from personal experience that the system works and I have never had any problems.

You can get very creative with how you build wealth and who you help build wealth.

* Set up an automatic bill pay to fund a child’s college education. There are many states that have plans that start with low monthly fees when the child is born or still young.

* Set up an automatic bill pay to fund a child’s savings account, just have the money be sent to the child’s bank with their account number listed on the check memo “Deposit to account ######”

* Set up an automatic bill pay to send a charity a payment every week. Remember that I said earlier that this habit can help you build spiritual wealth? If your church receives an automatic charity payment every week you are helping to support your church every week, even when you miss a Sunday service.

* Set up an automatic bill pay to send money to someone in need.

* Set up your bill pay to actually pay bills that you have paid late in the past….you may be able to save enough in prevented late fees to fund your wealth building payments!

The possibilities are endless…..you just need to take action and make it happen!



We help with your success!

Posted on August 31st, 2008 by admin  |  No Comments »