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11 Commandments of a Jedi Master
A big dream. All the millionaires I interview have big dreams. They believe they are worth more than a 9 to 5 job and that there is more to life than working forty (or more) a week for forty years only to take a forty percent pay cut when they reach retirement. These big dreamers are also willing to risk money and time (smart risk) and just go for it. Some of them have even endangered the farm many times. Now don’t get me wrong; I do not ask you to do this and I do not want you to put all your eggs in one basket and hope. However, you might consider taking a few hard-earned dollars and trying something new, maybe part-time at first. Try building a small business, picking stocks, or trading real estate for cash. You never know, maybe I’ll be interviewing you in the future!
Get out of your comfort zone. We all operate in a comfort zone, a specific way of life that we have become accustomed to over time. Unfortunately, these comfort zones often hold us back from what we really want. For years I believed I was worth about $50,000 a year, and that $50,000 was what I was getting paid. I didn’t know any better, so I kept working for someone else and paid less than I deserved. Then, I felt an awakening and believed that I was worth $250,000 a year. I quit my job and started my own business. Well, I didn’t make $250K that first year – but I did make $245K that year! You have to invade your comfort zone. You have to go beyond it; push yourself to do things you don’t like; push yourself to try new things; push yourself to break bad habits and let go of your limiting beliefs. Get over your fear! All successful people know the undiscovered planet, the unknown and unknown world. Now it’s your turn to join the ranks of these successful people.
Be smart, No Hard. Millionaires tend to work smarter, not harder. Don’t get me wrong; they still tend to work 16 hours, but they use their time more efficiently than others. They have a better plan to earn money and a better plan to earn money for their work. And if they work sixteen hours a day, they want to personally reap the fruits of their labor. Their time is too valuable to spend on making money for anyone else. Here are some smart strategies: Invest in real estate. Small business owner. Let your money make money. Invest in stocks. Manage but don’t work. Be unique in the market. Find models and mentors who are successful and follow them. Exchange money for time, not money!
The quick and the dead. One of the main rules for successful people is “Take action!” While you are sitting thinking about them, someone else is taking action. People start new businesses, take control of their credit, start online companies, buy new homes or invest in real estate, reduce their taxes by 50%. Stop analyzing things to death and judge. It is time to take immediate action.
Remove emotion from decisions. Confront the FEAR! In our culture, we are taught to weigh both sides of a decision. In most cases, this is good advice. It only becomes a problem when people start gaining weight. They spend all their time looking for another piece. They will scrutinize it to death – “Are we? When they make a decision, the opportunity is lost. For most people, there is only one reason to miss opportunities – FEAR! You may experience fear of missing out, fear of failure, or perhaps fear of rejection. This fear is holding you back. It will cost you financially and emotionally. In contrast to this mindset, millionaires learn to conquer their fears, overcome them, and focus on three simple things: first, investing; second, return; third, the probability of success. If the investment gives good returns, go for it! Even when you are overwhelmed with fear, you just have to take that first step forward.
General obligation Successful people give everything they have and never say the words “I tried”. Either they get the results they want or they don’t. They never shy away from a project. It keeps them up late and wakes up early. They work their normal job 40 hours a week and then spend another 20 hours buying real estate or starting a small business – even when they’re tired. Don’t let it be said about you in old age and gray that you “missed your dreams because you were watching TV”. All you need is time to succeed. It can start up to eight hours a week, maybe every Saturday morning or Monday night (well, maybe Tuesday night during football season). Put in the time and the results will follow.
Coaches. Coaches are worth their weight in gold. Take my word for it; this has been proven time and time again! Coaches teach you things you could never learn from a book, self-study guide, video, or website. When I first learned to golf, I already had experience playing hockey, but I found that swinging the golf club as if it were a hockey stick resulted in a terrible cut to the right side. I bought every magazine, book and video on golf to fix the problem. I was cheap and didn’t want to spend money on tuition. After a lot of arguing, I decided that the problem is not me – it’s the hobbies! So I bought new clubs (fire sticks). Unfortunately, those new clubs only helped me drive the ball deeper into the trees. I finally broke down and bought some lessons and the problem was fixed in the first lesson! Immediate feedback, a coach or mentor can quickly put you on the road to success.
A successful student. Millionaires never stop learning. They constantly learn to succeed. They study money, real estate, business and wealth building. They have a thirst for new knowledge and are the first to buy tapes, books and manuals, or go on to further education. Several years ago, I documented the purchase of over $81,000 for seminars, trainings and self-help materials to improve education. I couldn’t have gotten to where I am now without it. Continuing education is the key to my success and the success of countless others. Invest in yourself first!
Come back. Millionaires are never immune to failure. They have losses, but they have a positive attitude. They tell themselves, “I’ll get them next time. I just have to work a little harder or smarter to get a better result.” They know they just need a better plan, and they remember that a flat ball doesn’t roll – so they stuff it.
Selective memory. There is no such thing as failure, only experience. When successful people hit baseball, they don’t remember 66% of the time they lost; they remember 34% of the time. They keep their successes close and give up on their failures. The problem for most people is that they couldn’t forget the last time. No wonder they stop running away. Selective memory is the key to success.
Don’t get lost. The character of men and women is not measured by the number of failures, but by the number of those failures and trying again. Ask Sylvester Stallone, whose script for Rocky was rejected over 300 times! Ask Edison who took over 10,000 (no, that’s not a typo – TEN THOUSAND) attempts to invent the light bulb. Ask Lincoln, he failed dozens of times in his pursuit of political office. Success is just one decision and one step away! Never give up and you will stay on the path to prosperity.
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