18 Feb 2008 04:53:24 | Edward Chew
Dear Friend,
It is with great pleasure of having you here at this hour. Let
me get it straight and be honest with you at the very outset.
First of all, I'm not going to sell you anything here. And
second of all, if you are hoping that you could learn some
tricks to earn Quick & easy Money, you are definitely in a wrong
place.
What I'm offering you are some personal story and lesson which I
hope you will find it useful and beneficial to your well-being -
be it financially or spiritually. Below is an article which I
wrote to an online magazine, some time ago. The response was
phenomenal and overwhelming. I hope you will enjoy reading it.
The Power of Dream
Have you ever dreamed of being financially free seomeday ? Yes,
let me repeat, FINANCIAL FREEDOM. I bet some of you do. However,
I believe only a handful of you would actually commit yourselves
into making your dream comes true. Instead of committing to
pursue your dream, you would just sit back and do nothing about
it. Am I right to say that most of you have no confidence of
yourself , let alone your dream?
"The future belongs to those who believe in the beauty of their
dreams." - Eleanor Roosevelt
Well, some people will doubt it and think that being financially
free seems to be an impossible dream to attain. - Never ever
doubt about yourself !- To have financial freedom is not
impossible and is within your reach if you possess the
fundamental understanding of how wealth is created and
accumulated.
By the same token, the depth of your financial knowledge and
planning will determine your financial future whether you will
retire broke, debt-ridden or leave a huge amount of wealth for
your dependence. The choice is yours because you are the
navigator of your own destiny.
As Burke Hedges the author of the book The Parable of the
Pipeline eloquently writes , " becoming a millionaire is a
matter of choice, not chance ."
How to Be Financially Free
Most of you must have heard of people saying; you either be a
professional or run your own business to earn BIG INCOME, right?
It is true to a certain extent, however, a profession per se
does not guarantee you a better financial future. Why? Because
no matter how much you earn as an engineer, a manager, an
accountant, an architect, etc. you will still depend on a
paycheck or a fee for a living. Think about it, the moment when
you stop working, your income will stop flowing in and the next
thing you know, your bank-savings is drying up.
Thus, being a professional with a big income is never going to
make you financially comfortable. You will never make your
family safe and secure. Burke Hedges calls this group of people
a "bucket carrier". He writes, "as long as you carry buckets,
you have to show up and do the work in order to get paid."
Does it sound familiar to you? This is how the rat-race world
works. Instead of working for the money as Robert T. Kiyosaki,
the author of the best selling book Rich Dad and Poor Dad
pointed out, "we should make the money work for us." What a
brilliant saying!
So how do we get out of this rat-race world? The answer is we
need to start thinking on how to make the money work for us.
Have you heard of the concept of leverage? It is a concept that
is widely applied in all fields of work including the financial
world. So what is it all about?
What is leveraging?
Leverage is a phenomenal concept that has been known to people
throughout the ages. The root of the word leverage, lever is
originated from an old French word that means, "to make
lighter." Say, if we want to move an object, which is many times
heavier than us, what do we do? That's right. We place a rigid
bar on a pivot to lever it and the object becomes so light that
even a child can lift it easily.
"Give me a lever long enough and a fulcrum on which to place it,
and I shall move the world." - Archimedes
This is the power of leverage. In today's financial world, we
apply the same principle of leverage to time and money, and the
outcomes are exponential. Leverage allows people to work
smarter, not harder, and it is the reason behind the creation of
so many millionaires in the last century.
Leverage: The Source of Residual Income
Residual income, which is also known as passive or recurring
income, is an income that will continuously generates inflow of
money to us after the initial effort that we have put to work or
money we have invested in an investment fund. Alternatively, if
you are an inventor, your residual income will basically derived
from the rights and patents of something you have invented and
used by others. The same goes to an artist or a musician.
Two Types Of Leveraging
Leveraging Money
Have you heard of Warren Buffet? Yes, the second richest man in
the world and a legendary figure in the stock market that earn
his living by leveraging other people's money and as result he
made himself and his investors rich in the course.
Check this out. One share of Buffet's Berkshire Hathaway stock
was worth around $19 in the mid 60s and by the end of 1998, the
value of that single share has shot up to $70,000. Say, if you
have invested $ 10,000 back in 1965, your investment at the end
of 1998 would have been worth a whopping $ 51 million. WOW !
That's unbelievable. The money was left to compound by itself as
time went by. That's how money-leverager makes their millions.
Nevertheless, most of these 'money-leveragers' would only get to
see their wealth touches the million-dollar mark only after they
have reached their 50s or 60s. Though it's a long wait before
they could see the result, it is worth the wait anyhow. Wouldn't
it be great to be a money-leverager?
Ok, let's be honest to ourselves. Not everyone of us has the
patience to wait, not to mention, some of us even find it hard
to come up with the initial capital to invest. So, if we don't
have the money, what do we have to leverage then? The answer is
TIME !
Leveraging Time
A day has 24 hours and all of us regardless whether we are rich
or poor, have that same amount of time in a day. Time helps us
to level the playing field. We can no longer give ourselves
excuses not to be rich. We have been given an equal opportunity
in this era where every one of us can have easy access to
information and knowledge on wealth building.
All we need to do is to leverage an iota of our leisure time and
spend it wisely to build our pipeline that will continuously pay
us day and night. Always remember - pipelines are no longer an
affair of the rich. Pipeline belongs to people who believe they
CAN do it.
Why Leveraging Time Not Money ?
"Life is a waste of time; time is a waste of life; so why waste
your time when you could be having the time of your life?" -
Unknown
Why leveraging time not money? Well, if you were a money
leverager, you wouldn't be reading this article in the first
place. You would probably talking to your broker looking for
stocks to invest or busy looking for real estate properties to
add to your investment portfolio. Right? So I believe you are
here because you do not have enough financial means to leverage
money to build pipelines of ongoing residual income. ( Admit it,
I won't tell anyone. )
Up to this point, I hope you understand the difference between
leveraging time and money. Let us put aside the latter and pay
more attention on the concept of leveraging time as we have
mentioned earlier that building pipelines through leveraging
time is within everyone reach.
In the next few years from now, believe it or not, many
millionaires will be created through Internet marketing - either
selling your own or other people's products. ( What if I could
show you how to start an Internet Business in less than 24 hours
, and see profits by next weekend — would you be excited? - keep
reading if you want the answer) Internet marketing gives you the
edge over other types of businesses because it is not limited by
boundaries and physical limitations. It is accessible 24 hours a
day and 7 days a week.
Do you know that a recent report has shown that e-commerce
revenue has trippled in the last 5 years ? And it has been
forecasted that transaction from online buying would reach up to
trillions dollars in the next 5 years.
Ok, so much of the hype and yet you're still not convince that
people do make money via internet. Would you believe if I tell
you that I could earn U$ 2K-3K a month for having only to spend
30 minutes a day online? Well, the rest of the day I spend on
reading and working - yes, I still work because I "want to work"
and not I "have to work". There's a big difference here. With
some extra cash in hand, I invest some in stocks and
Real-Estate. Well, as the saying goes, "Never put all eggs in
one basket."
Hey, why don't you go have a look at what I have on my websites?
Click the following links to go to my websites:
www.archbrowser.com
or www.archiquotes.info
ArchiQuotes.Info was started as a hobby. Like you perhaps, I did
not know how to create website at first - it's not hard to learn
though. Anyway, there are ways to earn some extra cash through
internet. You don't have to create a website on your own. I can
assure you that Donald Trump of the Apprentice reality
show, knows nothing about computer-aided drawing software and
yet, still able to build a business empire from real-estate. The
reason being, he has MONEY! Like I said earlier, you need to
find something - a tool - to make the wheel cart moving. Once
you've got it moving, it'll be so much easier to keep it going.
That's physics - the law of inertia. YOU have to start the
initial drive!
What I'm going to share with you is something personal - You and
Me. But first of all, I want to thank you so much for bothering
to read so far. Words of Advice: if you are a type person who
has no determination to succeed, please do not read further or
attempt to try it. If you insist you want to try, good. Welcome
to the BIG THINKER group. You will see result in less than a
month provided that you put 101% effort in what you are doing.
I owe much of my online success to one person that is, none
other than the foremost online guru, Corey Rudl. I believe some
of you must have heard his name or read his book. He is the
Grand Strategist of all Internet Business and Internet
Marketing.
To win a war, you need to have strategies in place - echoing the
wisdom of ancient Chinese sage, Sun-Tzu. Likewise, if you want
to succed online, you need strategies. There's an old saying
that say,
"Don't Reinvent the Wheel."
That's right. You are lucky because you don't have to start from
scratch. Corey Rudl has put in place all the strategies for
everyone who wish to earn some extra cash or - let me be a
little bolder - earn a six figure income! If you are serious
about going online to make some extra cash, look no further.
Corey Rudl's is a proven internet marketer - he earns U$ 7.8
million a year. Is that convincing enough for you to start an
online business?
Perhaps, some of you will comprehend what I've written here and
proceed to set your own financial goal. Others may just call it
a quit before even trying it. Whichever path you decide, always
bear in mind this saying by Napolean Hill, "winners never quit,
and quitters never win." All success begin from a very small
step of faith in yourself. Let me end by giving you an old
chinese proverb,
"A journey of a thousand miles, start with one steps."
Believe me, one pipeline is worth a thousand paychecks. Start
building one, my dear friend. If you ever succeed after reading
my letter, please remember me. All I ask from you is to buy me a
dinner.
Thank you for your time.
Best Wishes,
Edward Chew
About Author :
Copyright (c) 2004 by EdChew. All rights reserved. The author
authorizes you to post the above article on your Web Site or
E-zine solely for personal and non-commercial use. A link to
author's website www.my.archbrowser.com is very much
appreciated.