Wednesday, January 28, 2009

Ten Steps to a Ten-Figure Income

By Rob Walcher D.C.

When you see a Billionaire, Do you See Yourself?

Currently in the United States there are about 3 million millionaires. That is equivalent to about 1% of the entire population. So, statistically speaking 1 out of every 100 Americans is a millionaire. Could you be one of the coveted 1%?

Lets go a step further. There are approximately 360 billionaires in the United States.

The amount of people who are joining the class of super rich is growing daily. Once you become a millionaire you are only three orders of magnitude (1,000) to becoming a billionaire. So the difference in a millionaire and a billionaire is 1,000 million dollar sums of money.

Can you see yourself in that number? Basically, there are ten steps to achieving a ten-figure income. How many are already in your life? How many areas still need work?

Clear Vision

The first step is seemingly simple but is where many people go wrong. You have to have a dream, and your dream has to be in full color. Having a dream for yourself and your family is having a vision of where you want to be in your future.

you got to have a dream if you dont have a dream how you gonna have a dream come true?

Lots of people walk through life static, never thinking they could achieve more. But you can and you have to dream it to become it!

Dont let that be said of you " that you have no dream; no vision. Write your vision; articulate your vision; embrace your vision; follow your vision. If you are on your way to becoming a billionaire, the first step is to have your vision well established.

Ask Yourself the Right Questions

You have to know why you want to be super rich. Not for the obvious things like material possessions but for the other reasons that you want to earn and live a wealthy life.

Find your higher calling and figure out why you feel this must be your destiny. Asking these questions and knowing your reasons for certain will ensure success.

3. Surround Yourself with Successful People (Mentors)

Cows stay with cows, and so on. In other words, you have to surround yourself with mentors and other successful people who share your vision and see the future holding similar prosperity. Not only can you learn from their experience but they are like minded people who can teach you how to act wealthy and see it happen.

You can learn from their coaching, their books or other means. Let them be the pioneer and you can reap the benefits of their knowing.

4. Find the Right Means to make $100K a MONTH

If you want to dig a little pond in a corner of your backyard, a shovel may work. If you are digging the foundation for a 100-story skyscraper, you may need a little more than a shovel. How about massive earth-moving machinery?

Remember you are trying to make a million dollars, not an extra thousand a month. Marketing small ticket items is like digging a pond with a shovel. Big ticket items will give you the earth mover you need to dig your pond out effectively and quickly.

5. Create Leverage with Network Marketing (people working for you without the headache of employees)

It was oilman J. Paul Getty who stated: I would rather earn 1% off a 100 people's efforts than 100% of my own efforts.

would rather make 1% off a 100 people than 100% of my own efforts.

There are tons of opportunities existing today that will offer the individual entrepreneur the tools of other peoples expertise and time without draining your own resources. Use them wisely.

Let Money Work For you, Be Debt Free & Think Long term

The biggest difference between the middle class and the wealthy is that the middle class spend most of their time working or earning their money. They are stuck paying interest on loans etc, while the rich are earning from their interest.

Think about it, the wealthy know how to get paid interest on their money. Find a reasonable, steady investment that offers consistent rates of return and low risk. Learn from the wealthy how to put your money to work for you and mimic their behaviors to be successful.

7. Healthy Person Wealthy Person

Lets take another quote from J. Paul Getty The individual who wants to reach the top in business must appreciate the might and force of habit. He must be quick to break those habits that can break him- and hasten to adopt those practices that will become the habits that help him achieve the success he desires.

The truth remains that you can't live one part of your life in health, wealth and goodness and forego in other areas. Eating right, working out and taking care of yourself and living a healthy life will impact your body and mind. This will spill over to all areas of your life.

Another quote by J. Paul Getty says the individual who wants to reach the top in business must appreciate the might and force of habit. He must be quick to break those habits that can break him

8. Strive for Excellence

To strive for excellence does not mean you must be perfect. But it does mean you must do everything in your power to be the best you that you can be. This is closely related to #7, in that you cannot abuse your mind and body and still achieve greatness. Nor can your make half-hearted efforts in your endeavors.

Pursue your dreams with all your heart. And give it your best. Pursue excellence with as much discipline as a champion athlete. It will pay off!

9. Dream; Envision; Meditate

This step is similar to Step#1. While the utmost importance of course is always to have a dream (noun) you must never forget to dream (verb) as well. Using imagery tools to keep the dream in close proximity is an effective means of helping to make it happen.

Some useful tools are image boards, goal maps, dream boards but any vehicle you choose to solidify your dream will allow it to manifest in your life. You can write it in a journal, on index cards. The basis is to always see the dream coming true and look toward how you want your future to be. Focus on your intention and it will be.

Stay Vigilant & Dont Give Up!

Always remember that you will make mistakes or err in your judgment and even make a few bad decisions. These may set you back a bit, but as long as you dont quit you have not failed. The difference in being successful and being a failure is your ability to make concessions and get moving again if you hit a pitfall.

Keep your thoughts positive and always keep on trying. As long as you do that, you are never a failure. Failure is not about making mistakes, failure is about quitting!

Now that you have set your goals and are living your dream you are on your way to a 10 figure income. Keep the pace and always upon always keep one foot in front of the other. Your belief dictates your ability to achieve your goals.

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