How to Become a Millionaire?

How to Become a Millionaire?

Here are 5 formulas for becoming a millionaire. Choose any one that suits you.

1.  Inherit the money. 30% to 40% of all millionaires get their money this way.

2.  Win a lottery. Unfortunately, your odds are greater that you will be struck by lightening.

3.  Convert your money to Indonesian Rupiah. Everyone in Indonesia is a ‘millionaire’.

4.  Start and build a company over 10 to 40 years. For everyone who is successful, you will find 100 who failed but the odds are 500 times greater than buying lottery tickets.

5.  Live within your means and save 10% to 60% of your income. Invest that savings in a variety of ways for safety including life insurance, unit trusts (mutual funds), shares (stocks), real estate and business ventures. Strive for a 10% return if you are over 60 years of age or very conservative. 20%+ return if you are 30 to 60 years old and willing to risk more. Stay on top of your investments and have quick exit strategies in place to `park` your money for a time when markets fall. Avoid micro managing your investments.

Riches are not solely dependent upon how much you make.

3 Key Factors:

1. Stop spending money on non-essentials.

2. Become a more savvy investor.

3. Steady, regular investing at a good return. In 10 to 30 years, you should be a millionaire or multimillionaire in USD or Euros.

Self Presentation Secrets… How to make good first, last and enduring impressions.

Self Presentation Secrets… How to make good first, last and enduring impressions.

Self Presentation Secrets

There are very few things that can make or break a deal, a relationship a job interview than first and last impressions.  First impressions are lasting we’ve all heard but last impressions can outlast anything that preceeded them.  In between, there can be hundreds of little sublties and nuances that either help or hinder our efforts to be liked, get our messages across or make the sale.

Without filling you full of statistics about verbal and non verbal communications, let’s just approach this from a common sense perspective.  Let’s look at three areas:  dress and appearance, voice and delivery, posture and demeaner.

First, dress and appearance, though the easiest to fix is often the least attended to. Before you rush out and spend a bomb on a new suit or haircut, think about the most important meeting you’ll have for that day and dress accordingly.  It is easier to remove a jacket, scarf or tie if you’ve over dressed then it is to cover up the fact you are not wearing one.

If you are on a job interview, dress as well as the person conducting the interview.  I remember years ago when I started my business and things were tough, I needed some quick money for some bills so I took applied for a night security guard job.  I went to the interview in a suit and tie, surrounded by folks in “T” shirts and jeans.  Not only was I hired on the spot, but given “hazardous duty”, authorized to carry a gun and get a premium wage for the effort.

A general job interview appearance checklist might include (from the bottoms, up.):

  • Shoes polished
  • For men, dark sox over the calf so no skin shows  For women, no runs in the hose
  • Slacks or skirt are pressed and clean, ideally a dark color which says “stability” and a fine wool, silk or gaberdined, fine leather belt for slacks that matches the shoes
  • Suit or jacket of high quality wool or silk (no polyester)
  • Cotton or silk blouse or shirt clean and pressed
  • Silk tie or scarf.  (If interviewing with a man, wear a stripped tie or darker tie.  If interviewing with a woman, wear a patterened tie and a brighter red.  Studies show you’ll be percieved better.)
  • Face clean, extraneous hairs removed, make up for women should be subtle (leave the paint for the discos)  teeth brushed and even the tongue to prevent bad breath.
  • Hair well groomed, conservative and up-to-date (Usually women are good about this but men over 30 tend not to change their hairstyle ever again.  Look at top young executives in the magazines and see if your style is current.)

Voice and delivery are much harder to “fix” and may need some practice. For job interviews, before going into the interview, think of the kinds of questions the interviewer will ask. Tons of books are available on the subject and reading up about possible questions and responses looked for can greatly increase your chances for a successful interview and maybe even result in more money for you when you are hired.

Speak up with confidence and pause for a moment before speaking to collect your thoughts.

Top 10 Predictions for the Year of the Rabbit

Top 10 Predictions for the Year of the Rabbit 2011

year-of-rabbit-predictions-2011

Here are my top 10 predictions for the year of the Rabbit.

1. Asia will continue to grow rapidly, but maybe 2% to 8% slower depending upon the country. 

2. Eastern Europe will also continue to do well but 2% or 3% slower

3. Training and Speaking will continue to be HOT in AsiaPac. USA will still look for cheaper options like virtual meetings and Webinars.

4. China will buy mineral rights at and accelerated pace and soon own almost anything in the ground worth owning (other than oil). The rest of the countries seem to be sleeping on this one.

5. US economy will still be pretty flat with healthcare and IT doing better than most industries  (similar as 2010)

6. Australian and Mongolian mining will continue to grow and carry their countries forward.

7. US dollar will continue to slide by another 5% to 10% against other currencies. Easy way to pay off debt with cheaper dollars and sell more goods abroad. The US will continue to print more dollars to meet deficit spending.

8. Inflation will grow 1% to 3% in US and Europe. Governments figured out workers see their retirement portfolios ‘growing’, they are happy (even though they are losing.)

9. Food will be more important than financing by the end of the year with potential shortages of rice, corn and meat due to freakish weather, fewer people working farms in China and much of Asia, increased demand for meat and growing populations worldwide.

10. Gen Y will start more businesses and borrow more money to finance these start-ups as well as finance their ‘essential’ lifestyles.

Smile Maker: Michael’s Top 10 Worst Predictions for the Year of the Rabbit!
10. Hollywood movies will start showing solid family values again! Movie families will go to church (or other worship), love, share, eat and stay together with no foul language or divorce… just like The Simpsons.
9. Michael Jackson comes back from the dead! It was all a publicity stunt.
8. North Korea apologizes to South Korea and begs forgiveness! It sends a big bunt cake and flowers.
7. The top 10 worlds arms dealers, the USA, Russia, UK, China, France, Germany, Italy, Israel, Brazil and the Ukraine will all stop selling weaponry! They instead decide to invest that $1.5 TRILLION in technology to feed the world and save our planet.
6. Kissing goes out of fashion and tickling is considered a better alternative.
5. The top Taliban leaders form a rock band and go on tour as, “Man-Gaga”
4. Returning troops from Iraq come home to magically created jobs, the economy booms and 2 million babies are born 9 months later.
3. The Dead Sea comes to LIFE! Scientists find ancient drain plug, pull it and the water starts circulating… leading to new life.
2. Beer replaces most hospital drugs for pain relief. Lager drips (IVs) become common.
1. Rabbit stew #1 dish in most Chinese restaurants.

Got comments or questions about the Top 10 Predictions for the Year of the Rabbit? Just leave your comments here.

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