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January 21st, 2009 | Posted in Blog | No Comments
“The automatic millionaire”. Sounds pretty good, doesn’t it? Wouldn’t you like to get paid automatically, to become wealthy for doing… nothing?
As incredible as that sounds, it’s the basis of income building for wealthy people all over the world.
Most people work hard their whole lives for little results. Most people also prefer to work for an employer, to have the “security” of a job with a paycheck. There’s a high price on this security, though… the cost of being stuck in one spot forever. Living in security means living in fear of what would happen if you made different choices and that will never make you the millionaire next door you probably right now wishing was you.
Rich people choose to get paid based on results.
Poor people choose to get paid based on time.
When you own your own business, you make income based on your profits - commissions or percentages of revenue. Working for a paycheck means putting a ceiling on your income. When you work for yourself, there is no ceiling.
Whether you provide a product or a service, you not only need to sell what you have - you need to sell a lot of it. Poor people don’t just get paid for their time, they prefer to work with easily manageable amounts. And easily manageable amounts of just about anything means all too easily manageable amounts of profit.
Volume is key to wealth. If you make widgets for a paycheck - well, you’ll never get rich off widgets. If you sell ten thousand widgets, you can make a tidy profit. If you sell ten million widgets, you’re an instant millionaire.
There’s no slow road to becoming a fast millionaire, as wealth coach David Bach would tell you - you have to get out there and sell widgets, invest, find multiple revenue streams, and explore all available opportunities before reaching the point where the wheels you’ve put into motion make you the automatic millionaire to envy.
Here are a few tips for getting started on your road to extreme wealth:
# If you presently get paid an hourly wage or a salary, create and suggest a merit-based compensation plan to your employer. This means that you will get paid - at least in part - based on the results of your work.
# If you own your own business, pay your employees and supplies based on their performance and results, rather than their hours. You will be amazed to see what this does for you business.
# If you’re working in a job now and aren’t making what your worth (and that’s pretty likely) think about starting your own business, at least part-time. Consider independent consulting in your current field of work along with other opportunities such as network marketing, affiliate marketing and other online marketing techniques.
Whichever option or options you decide to explore, keep in mind that you are working toward creating great results, and getting paid for those results rather than the hours you put into making them. You don’t want to be paid for your time, because when you’re the automatic millionaire, your time will be invaluable so better then to get paid for results.
Rich Blessing
Ettore
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