Archive for the ‘Donny Watson’ category

« Older Entries

It’s a ‘funny’ thing how a consistent effort towards Living The Perfect Lifestyle pays off

May 3rd, 2010

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Living The Perfect Lifestyle – A journey of many, many, many little lessons.

As a young country boy growing up, I was lucky enough to have a loving family and it’s because of that fact, that I’ve been striving towards Living The Perfect Lifestyle for myself, and my own family ever since I decided that working for someone else wasn’t going to cut (for me).

Every Monday morning I meet a buddy of mine for coffee. I’m sure a lot of people do the same thing… except for the fact that we meet every Monday morning with a purpose – To reflect on the week past and look forward to the week ahead.

This morning we were talking about how long it’s been since we started our meetings and we concluded that it has approximately 1.5 years. It’s a coincidence that that topic came up this morning because over the last week I had also been reviewing the ‘Big Picture’ goals I had set out for myself 1 year earlier and it was really cool to see that more things than I thought were, or had actually occurred… and when I asked Matt if the same thing had happened to him he whole-heartedly agreed.

So whats my point? Well, it’s simply that a consistent effort, and a commitment to something usually pays off. We’ve been meeting for over 1.5 years, every Monday morning to keep ourselves on track with our life Vision AND because we both have a belief that the ‘Universe’ is there to help us we continuously challenge each other to maintain our energy and make sure that we are putting out the right ‘signals’ in order to attract the things into our life that we want.

For example, one of my challenges from my past programming was that I had always heard that “money is hard to make” and I believe that it was something that has seriously held me back in the past. Since we’ve started meeting, I’ve worked on ‘changing the roots, so I could change the fruits’ and I’m seeing results.

That’s just a small example, but I can honestly say that this mornings reflection on what has happened over the last year really confirms a lot of things that I’ve heard in the past.

Things like…

  • Little by Little by Little by Large
  • As long as I’m closer to my goal this week than last week then, I know I’ll get there
  • Focus creates results
  • Thoughts become things

If you have a something that you want, and it hasn’t happened yet, I challenge you to commit to a weekly review of what went good and bad last week, and a weekly projection of what you want to accomplish this week. AND BE HONEST With yourself.

If you can find a partner to go along with you on that, do it anyway. Living the Perfect Lifestyle for yourself depends on it – at least in my opinion anyway.

Cheers to your success, and remember… “as long as you are further ahead this week than last week, then you will reach your goal.”

A Picture Says 1000 Words

Donny Watson

Comments »

Posted in 1: Financial I.Q: Learn 2 Earn, Donny Watson

Tags:

Self Directed Investing – Learning how to manage my own money

April 28th, 2010

Self Directed Investing is turning out to be a way of life that is actually fun and only time will tell how much more profitable it can be.

In the last 4-months I have been aggressively learning all about Self Directed Investing on the TSX. As you probably already know, investing in the stock market is something that we have made an important part of the Quit Your Job Early Plan.

As a society, we all understand that in order to retire some day, we need to participate in some sort of investing. As part of building our plan, we concluded that there were really 2 phases to building wealth

  1. Cash Flow – the money you earn from your business that provides for your day-to-day standard of living
  2. Wealth – the money you put away on a regular basis so you can invest it and accumulate a nest-egg

Our goal with the plan is to learn how to develop the ability to earn accelerated wealth. Meaning that we need to be able to understand an investment avenue good enough, in order to achieve much greater results than the average person. And in order to adhere to the ‘Core 4’ values that we have put in place with the plan, our vehicle of choice to accumulate accelerated wealth is to learn how to invest in the stock market.

The only challenge with the stock market is that it appears that there is a lot to know and it can very quickly become very confusing. In December of 2009, my Dad and I decided we were going to take steps towards understanding the stock market better and attended a seminar by Train2Invest.

That Seminar caused us to end up taking their course and to me helping them market their course because I believed in the course’s value and in the vision of the company.  I am currently through the classroom phase (AKA: the 14-week teaching phase) and am now just about to begin the advanced training sessions.

It’s been a great journey so far, and there is still the odd day that I feel overwhelmed by trying to understand what affects what and why one stock when up when the other went down but the reality is that I now find it fun to watch the stock market because I understand (for the most part) what is going on)

The philosophy that they taught is that

‘when you achieve small gains consistently, they can add up to very large gains over 6-months to a year.’

That’s how they arrive at there target annual return for their students of 30%. They are teaching me how to attain 1% every 14 days which over the course of the year adds up to 30%.

It’s a simple concept, and it has taken some effort to learn but, it works – or at least it’s working so far.  I am currently paper trading right now with the strategies that they are teaching me and I have been able to capture 1% returns in less than 5 days 6 times out of 7. That’s pretty good for a beginner.

If you want to learn more about the course and how it may be able to help you learn ‘Self Directed Investing’, just click on their logo below

This Little Guy in the picture below with me is worth learning how to earn accelerated returns don’t you think,

Donny ‘The Investment Guru In Training’ Watson

Comments »

Posted in 3: Accelerated Wealth: Higher ROI, Donny Watson, Miscellaneous

Tags:

Cleaning, Communicating and Organizing in order to Live Your Life Vision – My Story

April 25th, 2010

Your path to Live Your Life Vision will be different than mine, but here’s what I learned what is working for me…

Over the last number of years I have been walking the road less traveled in an effort to have live my life vision. Along the way I have learned a ton of valuable lessons. Some of those lessons, I had to learn numerous times so I guess you’d call them mistakes until the last time I did it, when I finally learned my lesson (If that makes any sense at all) It makes sense in my head right now so hopefully it’s making sense for you as well.

I learned a long time ago that there really isn’t such a thing as time management and that it really should be called priority management instead. I’ve written articles on this before but I’ve never really expressed how my personal journey went along with that.

There are couple of things that have occurred over the last year that have really forced me to become a true priority manager and also learn a lot about the importance of ‘Flow’. The first thing that occurred was that I had a baby boy named Charlie. He’s an awesome little dude and when he smiles he makes me forget about a lot of the little things that used to ‘bug’ me.

The other thing that happened was that I found the perfect compliment for my network marketing business and something that fit into my life vision better than anything has in the past – this was a company called Train2Invest. They just happen to be in my home town of Winnipeg and they have allowed me to add an additional revenue stream to my portfolio, learn how to invest my own money for much higher gains than what my financial planner used to get, and to help other people do the same.

My point is that because these 2 great things have come into my life, I’ve really had to pay attention to my priorities and more importantly, I’ve learned a lot about what works for me. Have you ever the read the book ‘You Were Born Rich’ by Bob Proctor. In that book, he talks about the importance of keeping your life ‘clean’ (that’s what I call it – he calls it making room for abundance) so you can allow for things that you really want.

Here’s what has become abundantly clear to me as I’ve been challenged by the ‘Universe’ to adjust my life so I can excel, and focus, on more things that are truly important to me.

‘I Need To Have Organization and A Routine’

this might sound like a simple concept but the interesting thing is that I thought I had a routine before any of this happened but when I chose to have the above 2 things come into my life, I was forced to adjust accordingly or they would both be mistreated – and that just wouldn’t be any good at all.

What I’ve learned I need to do is…

  • have a completely open communication path for Christine (my life-partner) and I where we can openly discuss our personal challenges and develop a plan to fix them – TOGETHER
  • Have clean space – meaning, we couldn’t afford to have anything that weighed on our minds. For example, if we have areas of our house that weren’t neat and tidy, it would do 2 things that were detrimental to our progress.
    • #1 – it would take of space and slow down our flow – meaning it would not allow for new things to come into our lives that we really wanted because it shows that we can’t take care of what we’ve already got
    • #2 – it would be something that could/would take focus off of the more important goals because our minds would be thinking that one thing should be done (cleaning out a messy storage room) when we should be focusing on Charlie or learning how to ‘do what we do’ better.
  • I need to exercise and make time for myself in the morning so I can plan my day. It took me 10 years to accept this fact but, for me, if I don’t exercise regularly, my production goes down. I’m sure that’s the case for most people, but understanding it, and actually doing something about it are 2 different things.

So here’s what we did/do

  • Christine and I chat daily about progress but we’ve also committed to meeting once week to make sure we are on the right path
  • We designated a weekend to get all of the ‘junk’ out of our lives and now prioritize a minimal amount of time to ‘upkeep’ these ‘junky’ things on a weekly basis
  • I have negotiated (it’s tough to do when you have a little one) an hour every morning where I can workout, listen/say my money mantra’s, review my vision, plan my day and review the markets which gets my day off to a great start. I know that sounds like a lot to do in an hour but it can be done when you have system – and truth be known, when you get an hour, you can always stretch it a minute or 2 to get finished (but don’t tell Christine)

I wouldn’t say that we’ve made it all the way yet (in terms of perfecting our lives) but we’re having fun and our focus is able to be put where it is most deserved. It’s a tough thing to figure out sometimes because everyone is different but for me, cleaning, communicating and organizing are vital actions that we have to take in order to live our life vision.

Cheers to Living Your Vision

Donny Watson

204.223.3655

Christine and I on Fraser Island

Comments »

Posted in 1: Financial I.Q: Learn 2 Earn, Donny Watson

Tags:

6 Passive Residual Income Options For You To Choose From

February 11th, 2010

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

Comments »

Posted in 1: Financial I.Q: Learn 2 Earn, Donny Watson

Tags:

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

Comments »

Posted in 1: Financial I.Q: Learn 2 Earn, Donny Watson

Tags:

What Makes Network Marketing MLM Different than a Traditional Business

November 16th, 2009

Is Network Marketing MLM a lot Different than a Traditional Business?

Opinions on whether a network marketing MLM business is really that much different than a Traditional Business vary greatly. My opinion is that it depends on which part of it you are looking at.

If you are looking at it from a fundamental basis of what makes the business successful, there really isn’t a lot of difference. A traditional business is most successful when a sound business model is used. One that includes a financial plan, effective marketing, quality customer/client relation practices and offers a product or service that is demand by the market place. Network marketing MLM isn’t any different. There are a lot of people in the industry that would like to make you think otherwise but for the most part, if you use the same business principles that have been proven to be effective time and time again in other industries, you’ll have success in network marketing MLM.

The other side of this question of whether or not network marketing mlm is much different than a traditional business is how the actual transaction takes place. This is where the difference become very apparent. As you saw in the video and the diagram below, the way in which network marketing customers receive the product is a lot different from the traditional sense.

Traditional Marketing vs MLM Network Marketing

Traditional Marketing vs MLM Network Marketing

Traditionally, the product is shipped from the manufacturer, through a series of distributors (ex: national, regional and local) and eventually ends up on the shelves of a retail store. The customer finds about the product through marketing done by the manufacturer or the retail store (depending on product and manufacturer preferences) and if they like what they see (or hear) the customer goes to the store to purchase the product.

In contrast, with the network marketing MLM/Direct Sales business model, the product is shipped directly from the manufacturer to the customer rather than through the distributors to the retail store. The question then becomes, “how does the customer find out about the product?”

This is what makes the network marketing MLM industry so unique and offers all of us an opportunity to have a home business. The only way a customer learns about the product or service that the network marketing company offers is through individual associates of the network marketing company. In return for promoting the products and making sales, the associates are paid a commission (this is similar to the margin the retail store would make on selling the product – less the over head).

There you have it, that’s the difference. Hopefully you can use this knowledge to better educate your potential business partners on the difference between network marketing MLM and traditional business.

Until next time, cheers to your success.

Cheers to Your Success

Cheers to Your Success

Donny Watson

Comments »

Posted in 2: Passive Income: Inter-Network Marketing, Donny Watson

Tags:

6 Passive Residual Income Options For You To Choose From

November 15th, 2009

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

Cheers to Your Success

Cheers to Your Success

Donny Watson.

Comments »

Posted in 1: Financial I.Q: Learn 2 Earn, Donny Watson

Tags:

Robert Kiyosaki’s Cash-Flow Quadrant

November 14th, 2009

Robert Kiyosaki’s cash-flow quadrant example really simplifies your income choices.

No matter how you slice, Robert Kiyoski’s cash-flow quadrant clearly identify’s the four choices you have when it comes to earning income. There isn’t 5 ways to earn income; there isn’t 3 ways to earn income; there is only 4 ways. This video and the diagram that follows displays the 4 ways:

Robert Kiysaki's Cash Flow Quadrant

If you want to control your time and your level of income, the only place you can do it is if you join one, or both, of the options on the right side. I’ve said it 1000’s of times and I will continue to say it, “if you are working as an employee, you are being leveraged and your employer controls your level of income and the amount of time that you work.” That is saying that employment is good or bad, I’m simply stating the facts. The way that the right side quadrants fit into the quit your job early philosophy is that you need to have a business that produces cash-flow (preferably passive income). This income will replace the employment income and have the potential to become very lucrative if the right leverage strategies are put in place. The intention with the passive income business is to build enough cash-flow so that you can take a portion of that cash-flow and build wealth through investments (real estate and stocks).

I have a ton of respect for Robert Kiyosaki and his message. He believes in raising your financial IQ so that you can control situation. The difference between him and us is (besides the fact that he is incredibly loaded) is that he talks a lot of theory. We intend to not only teach the theory but also offer a solution.

To learn more about our solution CLICK HERE.

Until we meet again, give a kid a dollar today. I can guarantee it will make your day more than it will make his. Cheers,

Donny Watson
Me and my Favorite 'little man' - Charlie

Me and my Favorite 'little man' - Charlie

204.223.3655

Comments »

Posted in 1: Financial I.Q: Learn 2 Earn, Donny Watson

Tags:

How to plan to live your perfect lifestyle

November 13th, 2009

Unbeknownst to most people, it is actually possible to plan to live your perfect lifestyle and then actually make it become your reality.

What do you think about this thought

“we all have a vision of what our perfect lifestyle would look like; the challenge is trying to figure out

how the hell to actually live it in your lifetime.”

That’s the million dollar question isn’t it. Well here’s a little exercise that can help you get there

How to Plan to Live Your Perfect Lifestyle

The theory behind this exercise is that you need to know where you’ve been, and where you are at this moment in your life, before you can determine what the right course of action is that you want to take.

So, for this example, I’m going to use 30 years of age as our starting point. You can replace that with your current age. Take as much time as you want with this exercise and it may even help to write some stuff down. The important thing is to get of it is to know what you want in your life. What type of lifestyle do you want? So just follow along, think about questions and answer appropriately for what fits into your life.

  1. Take a snapshot of what your lifestyle is like right now. What does it include? What parts do you like and what parts don’t you like?
  2. Now follow the red arrow back to 5 years ago in your life. What was your life like then? What did it include? What did you like about it and what did you want to change? And Most importantly, what did you want your life to like 5 years from that day 5 years ago (which of course is today – I know it’s a little confusing but this is a powerful exercise to go through)
  3. Now follow the ocean blue arrow back to the present day ask yourself if your vision from 5 years ago is what you are living today? Then realize that regardless of what the answer is, it doesn’t matter, all you can do is take what you have and build on it.
  4. Dark Blue Arrow – Start to project what you want your life to like in 5 years time. In an ideal world what would it include? Who is part of it and what are you doing? How much money do you make? What things are you experiencing? These are all important questions.
  5. Green Arrow – Ask yourself the same questions from #4 only this time it’s 10 years into the future.
  6. Purple Arrow – Ask yourself the same questions as in #4  again. This time it’s 20 years into the future
  7. Orange Arrow – Depending on how old you are right now you can project yourself into the future 40 years and ask yourself the same questions as in #4.

The point of this exercise is to simply get you thinking about what you really, really want and ask yourself if earning passive income streams would make that lifestyle you envision easier to attain? Can you see how you can use this process to live your perfect lifestyle. The first thing you need to do is make sure that you’ve got a clear vision of what that lifestyle is. The second thing you need to do is go through this self-evaluation process on a daily, weekly, monthly and annual basis.

The bottom line is that you need to make sure that you are always moving towards your goal.  There is no way to do this unless you know where you want to go and then keep ‘score’ of where you are at in relation of where you want to be.

If you don’t keep score, how do you know if you are winning or losing? The best business’s in the world keep score every month by doing there financial analysis. Professional athletes keep score of their fitness every day so they know where they’re at so they know whether they have to push harder. By training at the optimal level they will be able to perform at the ultimate level.

You can do the same by going through this life projection exercise on a regular basis to make sure your plan to live your perfect lifestyle is on track.

Cheers to your perfect lifestyle,

Pretending I'm Cool on a Sail Boat

Pretending I'm Cool on a Sail Boat

Donny Watson

Comments »

Posted in 1: Financial I.Q: Learn 2 Earn, Donny Watson

Tags:

Trading Stocks Vs Network Marketing MLM

November 9th, 2009

Is trading stocks better than having a network marketing business?

The answer to that question is really dependent on whether your mind-set is to build wealth (trading stocks) or build cash-flow (network marketing). One of the philosophies that we try to instill in the people we work with is that there are really 2 types of money. Cash-flow money and wealth money.

Here’s what I mean by that. Most people look at stocks and think that it is the way to Riches over a period of time – and if you trade them right, they are probably right (although I realize that a lot of people would wanna argue with me on that right now). But, through history, trading stocks for the long-term has proven to be a very lucrative way to build wealth BUT it isn’t a great way to produce cash flow.

Most people who have jobs invest passively whether they like it or not through their retirement savings plan that the company provides them with. Over a period of 20-30 years that savings plan will allow them to retire with a nice little nest-egg for themselves. With compounding interest, that nest-egg really gains momentum the longer the investment is not touched (and of course the market goes down).  This diagram shows how the earning curve is assumed to go with compounding interest.

Stock Trading Income Growth Curve

That is all fine and good if you like what you do BUT if you aren’t living the kind of lifestyle that you want to live, then that scenario doesn’t really help you be happy right now.

The Challenge with stock investment is that unless you are really good at it, the only way you build significant income is over long periods of time (I know, I know, some people have a knack for it and can make a fortune but they are the minority wouldn’t you say).  Building a lot of equity doesn’t do a lot for the person who wants to live his or her perfect lifestyle right now.

That’s why I say that Network Marketing makes sense for people that want to create cash-flow so they can give themselves more options now rather than waiting 25 years to cash-in on their nest-egg. The thing that most people don’t understand about network marketing is that when you do the math on the business model, you get some very attractive results. But for whatever reason, most people would rather wait 25 years, be “safe” and build a nest-egg rather than take some time to learn what network marketing is really all about.

So what’s the conclusion? Network marketing creates cash-flow (when it’s done right) and trading stocks (unless you’re an above average trader) builds long-term nest egg. Both are good, it’s a matter of deciding which one fits your goals.

Until Next Time – Cheers To Your Success,

Donny Watson
Pretending I'm Cool on a Sail Boat

Pretending I'm Cool on a Sail Boat

Comments »

Posted in 2: Passive Income: Inter-Network Marketing, Donny Watson