Posts Tagged ‘one million dollars’
How To Make A Million Dollars? How Others Did It?
More than 300,000 people became millionaires each year. Why aren’t you one of them? Perhaps they were lucky and strike the lottery, or perhaps they inherited the money from a dead relative. Or perhaps they rob a bank. Ok I am pretty sure that the last example was not counted into the statistics but 300,000 is still a pretty large number and what is their secret to achieving a million dollars to be entitled to be called a millionaire? How did they make their million dollars? Where are all the opportunities that were available to them? Is it possible for me to also take advantage of their opportunities?
We have all heard of the guy who made his fortune on the stock market and of the neighbour who sold his investment property and made one million dollars of the sale. I interviewed a Dave Sheldon, from Los Angeles, whom I met during an investment seminar late last year. He works in a training consultancy firm that develops training systems for companies, and he has joined the ranks of the millionaire when he sold his investment property in LA two years ago. Dave was an average guy drawing a four figure salary from his daily grind but invested in the real estate market ten years ago. When he finally cash in on his property, his profits was more than a million dollars and was more than sufficient to allow Dave to live the life that he has been dreaming of. Nowadays, he fetches his kids to school and is currently attending college again, to pick up a few more languages. By the way, Dave is only 35 this year. Is it possible for all of us to be like Dave? Join the millionaire club before 40 and escape the daily grind?
Where did all these millionaires make their millions? Are there many secrets that we are not aware of and need to attend $3,000 seminars to learn from? After speaking to more than 50 millionaires, I have compiled a simple statistic of where did these average guys and girls make their million dollars and how we can follow their example. Note that these are people whom I have met over a period of 3 months and have no relationship with each other whatsoever.
From my interviews and research, I could see that most of millionaires that I have met made their first million dollars from starting a business or investment in real estate or the stock market. This is not surprising since the last few years before 2007 were economically strong years. Significantly less folks saved a million dollars from paid employment or just spending less. What does this data tell us? Quit our jobs today and start a business in investment into real estate. LOL.
It does tell us that it is becoming difficult to become a millionaire by simply working hard on your job and hoping that your 401(k) plan will grow into a million dollars. At least it is not a popular method to becoming rich. Why so? The median income in US is $21,587, which does not leave much on the table for savings after you deduct expenses and taxes. Yes, taxes. To really jump onboard the million dollar club, most of us will need drastic actions and this path is likely the entrepreneurial route, where we can start a business which we are passionate about.
Starting a business is not for everyone. The financial risk that comes along with the business can be quite foreboding but if one take careful steps in managing the risk, the rewards can be extremely gratifying financially and emotionally. I will talk about starting a business in another post next time.
Law of Attraction
You get what you wish for; good and bad. This is the Law of Attraction. The Law of Attraction is about attracting whatever you desire with your conscious and unconscious thoughts and energies. If you desire to become wealthy and to have one million dollars in 5 years, opportunities to realize that desire will be attracted to come your way. If you wish for a new job, headhunters will be attracted to you and they may offer you new career opportunities. While at the same time, if you emit negative energies, you will also attract negative hazards. Worrying about not enough money is emitting negative energy about money and not only will you not attract any wealth; you will in fact be attracting situations where you could be jeopardizing your wealth
Deliberate & Unintentional Attraction
This phenomenon is what I call the Deliberate and Unintentional Attraction. Deliberate Attraction happens when we clearly desire an object or situation that we would like to be in. We are without doubts and have a single focus on our desire. In this situation, our energies will be directed by our conscious mind at our declared desire. Positive energies are emitted and we will attract the object or situation that we would like.
Unintentional Attraction happens when we have not cleared up our doubts about our desire or when we are unsure of what do we really want. If you consciously desire wealth but subconsciously pass snide remarks about why people do not really need that money to be happy, you will not only be not attracting wealth but you will be attracting situations whereby wealth can be lost from you.
Our unintentional attraction can also happen when we are constantly worrying. When you overly worry about the lack of money to pursue your studies, you will be attracting situations where your savings will be depleted.
It is easy for many of us to understand and believe in deliberate attraction when we discussed about the Law of Attraction but when the subject of unintentional attraction is raised, there will always be 2 camps. Opponents will raise the question whether a rape victim desired to be raped unconsciously or whether a murder victim desire to be killed. At the extreme end of the argument, proponents will argue that in both cases, the victims had desired to be victims. I would rather argue that the victims did not wish for harm to befall them but it is the criminal who had desired to do harm unto others; thus attracting the victims to come their way. But I digress from the main topic.
Law of Attraction is about attracting the Opportunities and not the Object in Question
There are many books and videos that have informed the general public that the Law of Attraction is about wishing for an object e.g. car and the object will appear to them. If it was so, everyone would be a multi-millionaire already. The Law of Attraction is about attracting the opportunities whereby your desire can be fulfilled. For example, if you desire a new job, what you will get is not a job offer but rather contacts with headhunters who are always ready to offer jobs. When you emit energies to attract wealth, you will start to see business opportunities come your way.
In this way, the Law of Attraction requires you not only to ask for your desires but also to deliberately accept them when the opportunities come knocking on your door. You have to make the final decision on whether to accept the chance to start your business ventures or whether to accept the name cards of the headhunters who you just happened to meet.
Visioning – Putting yourself into the scene
The other interesting topic about the Law of Attraction is the expression of the desire. Visioning of one’s desires is one key step to affirm your desires so that the Law of Attraction can get to work. To be able to emit the energies of wealth, you must first feel rich. You must be able to envision yourself in the endstate that you would like to be. If you wish to become wealthy and retire before your thirties, you will need to see yourself in that state. You can also reinforce the desire by using physical items to affirm your needs.
Using physical props is effective as it gives a tangible object for your desires to be focused on. For example, if you desire wealth, you should write a cheque to yourself and place that cheque somewhere where you can see daily. This will help you to visualize with greater clarity so that positive energies can flow and attract the correct outcomes.
The Law of Attraction can attract positive outcomes or negative consequences. It does not ask whether you would like a positive or negative outcome, but rather it acts according to the energies emitted by you.
