I know I am not yet a popular public speaker or motivational speaker, but I strongly believe that these skills that I am about to share will be able to impact some part of your life.
There is a saying that 90% of the world's money are earned by the rich people which are 10% of the population of the world. I do not know how truth is that but based on my own experience I felt it kind of truth based on 10 friends I have surveyed.
Most people who were like me, grew up in a family where they got their children into an education system where they say it's important to get a job to make money. But not a single subject was taught to us on how to build business, isn't that strange when we know most successful people who are rich have businesses! It was until when I was about 21, when I pick up this book call Rich Dad Poor Dad my concept about rich people changed.
That book talked about 4 types of people in the world within 4 quadrants. And it's kind of truth what he says makes sense. While 90% of most people who are working will think about how to pay those bills, 10% of rich people will be thinking how I can take my money to invest and create passive income.
For those of you who are in business, maybe you can relate to this about passive income. But if you got no clue what that is, I strongly recommend you get that book Rich Dad Poor Dad. It really open my mind so much about business.
As a young man who had no experience in business, I decided to start a mini store of my own at those night markets where I actually place my items on the floor to sell. Surprisingly people do buy 2nd hand stuff! From that experience, I learnt that money is not easy to make in business. It takes hardship and sometimes even tears just to make $10 as I have ever stand for 10 hours and only made $50! How's that for a start?
I was about to give up that time but I knew I was still young and had nothing to loose. Then came a silly decision I made to open a store with 3 friends. Which in the end was a big mistake because I did not know having too many partners is even more worst! There were fights and quarrels among us about money but all that was gone when I decided to close it.
However then, because I wanted to be rich I still did not give up but went on to explore other ways to make money. Then after attending and listening to motivational tapes and speakers I realized the reason why I was always failing was my mind was too small to think that I can ever made a Million Dollars. It was just a few minutes before I got the idea to write was that I told my friends a secret how Millionaires become rich. You may disagree with me on this as this is based on what I have experience, the formula to succeed in business is determine by these few factors.
1. Who You Hang Out With Often (Your Inner Circle)
2. Your Goals In Life
3. Your Drive And Determination To Succeed
4. You Must Be Willing To Fail Numerous Times
5. Willing To Take Any Risk And Just Going For It
My formula to succeed goes like this:
Success = Goals + Effort
It took me I think 4 years to know this but I hope what I just shared with you will open your mind or at least give you some inspiration to go to a bookstore to pick up a business book.
If you are currently working now in a 9 to 5 job, just ask yourself this question. Will you be able to see yourself in your current job in 30 years time and be happy about it and retire? That is how important building passive income is and that is why successful people create profitable businesses.
About the Author:Alvin Phang is the Author of Atomic Blogging rated as the top 5 best seller online!
Currently ranked as the world's no.1 blogger, who made over $4,687.50 in 7 days,
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