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How To Make US$300k Per Year
By Steve | February 14, 2008
I recently viewed a seminar on the Internet. The speaker was a Taiwanese seminar leader named Liu.
He claimed that he was a failure in school and made two suicide attempts in the past. However, after he attended some seminars, he somehow discovered that he has a gift of speaking and that he was ready to turn his life around and make millions of NT per year.
In his speech on how to make NT100 million (S$500k or US$300k) per year, he revealed the following points:
1. Have strong reasons. You need to have strong reasons why you want to be able to earn that kind of income. I remember too, from some books and seminars, that you need to ‘Know Your Why’.
2. Be with the rich. He said that if you want to be rich, try to mix with the rich. This way, you will be induced to ‘want to be rich.’
3. Choose your friends wisely. Yeah…the kind of friends you have can either help or not help you to become rich. If you mix with friends that are always negative, you will be negative. I have found this point often mentioned before by other seminar leaders.
4. Be alert to find your benefactor. I think this is true. Like it or not, there is always someone out there who can help you succeed. The benefactor could be your friend, your business partner, your boss, or someone you might meet in seminars or events.
5. Identify your talent. I cannot agree more. This is what I have been emphasizing a lot in my blogs and in my seminars. In fact, once you know what you are good at and what you love doing, you become an unstoppable powerhouse. You need to know your path of least resistance to wealth.
6. Duplicate yourself through training. According to Liu, learning to duplicate yourself by training others is one of the best ways to success. We can see how businesses duplicate their success thru franchises, building branches, MLM, etc. These are about duplicating their original successes into many.
7. Find a good mentor and a good system to duplicate. As was mentioned above, every business uses a different type of duplication. At the end of the day, it is still duplication.
8. Learn public speaking. Public speaking allows you to sell to many instead of one-to-one. This is one of the fastest ways to reach the masses.
9. Know your competition. He became inspired by how Wal-Mart founder, Sam Walton, became ‘addicted’ to studying the competition daily.
I find that the above are good points to practice if you are aiming to earn high income. On point 5, it is said that you need to know your talent, and I think this is a very important point. Some people I came across could not really identify their talent. Talent, in my opinion, does not mean that you have to be doing better than others in that function. It means you enjoy what you are doing and you do not need a lot of effort to do it. This brings me to what I have been writing about in this blog – that is, to discover your ‘Path of Least Resistance to Wealth’ if you want to really get ahead fast and enjoy what you do. What is this ‘least resistance to wealth’ about? It is about knowing your wealth profile called Wealth Dynamics. Click here to find out more.
Please also read Wealth Creation Strategies.
Topics: Step 1: Crystalization, Category30: How To |
February 17th, 2008 at 11:33 pm
thanks for the encouragement.