Archive for February, 2010

6 Passive Residual Income Options For You To Choose From

February 11th, 2010

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Contrary to popular belief, there are only 6 Passive Residual Income Options that you have to choose from if you want to earn passive income and live your perfect lifestyle.

There millions of dollars of books, courses and training material that supposedly teaches people how to earn multiple streams of passive income BUT when it comes right down to it, you can only do one of these 6 things to create passive income.

  1. Real Estate
  2. Stocks
  3. Network Marketing
  4. Big Business
  5. Royalty Business (Singing, Writing, Acting, Speaking, Branding, Etc)
  6. Internet

Of course there are a lot of different areas in each one of the options above but those are the only 6 options that give you enough leverage to produce passive residual income options.

The best part is that if you learn how to do one really, really well, then you’ll be able to stop spending time earning linear income and start spending time doing what ever is that you want to do. That may just be spending some time learning how to earn additional income from one of the other options.

The other thing you’ll realize when you get into earning passive residual income is that there are a lot of ways that you can leverage the time you put into one option into another options.

For Example, as you may or may not know, I’m a supporter of using a combination of Network marketing, the internet and personal branding to create multiple streams of passive income. I started out doing network marketing but quickly realized that I could be more effective in building that business if I also became efficient in marketing online. It was actually easier to build the 3 things together than it was to build one of them by itself.

So what’s the point here? Well, you’ve got 6 options to produce passive residual income and put yourself in a position to live you perfect lifestyle, the thing you need to do is decide which one fits your situation and needs the best.

Cheers to you living your perfect lifestyle,

Donny Watson.
Me and My Shirtless Nephew

Me and My Shirtless Nephew

Millionaire Mind Wealth Principles

February 8th, 2010

T. Harv Eker’s Millionaire Mind Wealth Principles

The following Millionaire Mind Wealth Principles were used to develop the foundation of the Quit Your Job Early Plan. 

Millionaire Mind Wealth Principles:Harv Eker's Secrets of the Millionaire Mind

  • If your motivation for acquiring money or success comes from a non-supportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness
  • If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!
  • If you want to change the fruits, you’ll have to change the roots first.
  • If you want to change the visible you’ll have to change the invisible
  • If you want something you’ve never had you’ll to do something you’ve never done
  • You can choose to think in ways that support you in your happiness and success instead of ways that don’t
  • When you are complaining, you become a living, breathing “crap magnet.”
  • If your goal is to be comfortable, chances are you’ll never get rich. But if you’re goal is to be rich, chances are you’ll end up mighty comfortable.
  • The number reason most people don’t get what they want is because they don’t know what they want.
  • If you are not fully, totally and truly committed to creating wealth, chances are you won’t.
  • The secret to success is not to try to avoid or get rid of or shrink from your problems; the secret is to grow yourself so that you are bigger than any problem
  • If you say you’re worthy, you are. If you say you’re not worthy, you’re not. Either way, you will live into your story.
  • Money will only make you more of what you already are.
  • There’s nothing wrong with getting a steady pay-check unless it interferes with your ability to earn what you’re worth. There’s the rub. It usually does.
  • Never have a ceiling on your income
  • “Where attention goes, energy flows and results show.”
  • Until you show you can handle what you’ve got, you won’t get anymore!
  • The habit of managing your money is more important than the amount
  • Either you control money or it will control you.
  • Action is the bridge between the inner world and the outer world
  • It isn’t necessary to get rid of fear in order to succeed
  • If you are willing to do what’s easy, life will be hard. But if you are willing to do what’s hard, life will be easy.
  • Training and managing your own mind is the most important skill you could ever own, in terms of both happiness and success.
  • You can be right or you can be rich, but you can’t be both.
  • “Every master was once a disaster.” T. Harv Eker
  • To get paid the best, you must be the best.

Rich People Mindset vs Poor People Mindset

  • Rich people play the money game to win. Poor people play the money game to lose
  • Rich people are committed to being rich. Poor people want to be rich.
  • Rich People think big. Poor people think small
  • Rich people focus on opportunities. Poor people focus on obstacles.
  • Rich people admire other rich and successful people. Poor people resent rich and successful people.
  • Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
  • Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
  • Rich people are bigger than their problems. Poor people are smaller than their problems

It’s amazing how important it is to have the correct mindset as you work towards financial success. You can learn more about the Millionaire Mind Wealth Principles by purchasing T. Harv Eker’s book called Secrets of the Millionaire Mind (you can find it in our ‘books’ section on the right of this page).

Cheers to Your Success

Hanging out at the lake

Hanging out at the lake

Donny Watson

You’re actually closer to success than it seems…

February 6th, 2010

The reality is; you are actually closer to success than it seems.

It seems that most successful people have some sort of opinion or advice to offer in terms of what it takes to achieve success, or simply what success even means. There are all kinds of personal development books, blogs, training programs, and even consultants out there that all focus on the keys to becoming successful. However there is one message that seems to pop up no matter where you look, and it happens every day. You’re actually closer to success than it seems, and it shows all the time.

Its simple, almost too simple however it is very important. One of the biggest mistakes people make is giving up when they are so close to succeeding! It doesn’t matter if it is a large corporation, small business, personal relationship, or playing a sport. The same challenge exists, and more often than not, most people are actually closer to success than it seems

2009 was a real eye opener for me when it comes to realizing how crucial this mistake can be. It was just today that a peer told me they lost over six thousand dollars because of a mutual fund that was hit by the recession. The problem here wasn’t that the fund took a dive, the problem is the cold feet kicked in and they got out of their investment and put the money into savings at a much lower interest rate! Since the time that the fund dropped and the loss took place, the mutual fund has regained almost 40%! That money would not have been lost had it be left in the fund.

You don’t have to be taking part in investing, or making crucial business decisions to learn from this mistake. You just need to be human. Everyone makes mistakes, in fact that’s one of the best ways to learn. The message here is that too many times when something is a little out of our comfort zone, we panic and react. Most of the time if we would take a little extra time, or get a couple more opinions, we would realise the reality that around that corner usually lies success! Don’t let cold feet set in, you’re actually closer to success than it seems.

Cheers to your future success.

Mike Perrin

big white

beautiful day on the mountain