Here is something from my Millionaire in The Making Book. Something I have pieced together from different sources. The statement about impacting millions is MJ's original thought.
[FONT=Arial, sans-serif]General thoughts[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]There is only one way to become wealthy, although there are many different vehicles to becoming wealthy. [/FONT][FONT=Arial, sans-serif]The only way to become wealthy is to add value.[/FONT][FONT=Arial, sans-serif] This is what all the different vehicles enable us to do.[/FONT]
[FONT=Arial, sans-serif]The different ways of becoming wealthy always involve selling a product or a service; this however, can be from a variety of different things. An example of owning a business, either bricks and mortar or online or as another example, owning properties to which you lease (sell a service) to a tenant.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]To be able to become wealthy fast one must be able to impact a lot of lives and add value to these lives.[/FONT][FONT=Arial, sans-serif] An example is the ability of franchises to impact millions of people, and because it is able to impact millions it is able to make millions for the owner of the franchise, not the franchisee.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]Hence, it is important to understand that to achieve wealth it is simply a matter of adding value to people’s lives. However, despite the simplicity of the statement it is not necessarily easy. One can think of many things that add to the value that is possessed by us as individuals, but it is quite a great deal different to be able to not only generate the value but apply it.[/FONT]
[FONT=Arial, sans-serif]It is better to be a generalist and master the ability to learn anything quickly and to be rid of it when it is obsolete than to be a specialist in a field that is constantly changing and being left behind by the development of new technologies and practices.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]There are several ways to be able to provide value and many texts on them and their merits. There is real estate, stocks and options and businesses. With businesses you can sell a product or service and it is the ability to sell to an audience that will guarantee success. Real estate is a good investment as in the long term it always goes up. This is due to the fact that land is a commodity that cannot be manufactured, and as the world’s population is increasing it is a good idea to get into real estate.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]Stocks and options are an option, generally speaking it is better to be a fundamentalist rather than a technical analyst as the latter is dependent on being able to predict the future, while the former is based on “if the company has strong foundations, buy into it.†There are many texts and tomes that offer advice for these things, and include advice on the FOREX and Stock and options market. There is gain to be made, however, it needs to be backed by reason.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]As previously discussed, businesses are the best way to get started. Businesses generally need less capital than buying a house, and they are easier to get loans for provided they are backed by a solid business plan. Businesses sell either products or services or both. Services are such as a bank, washing cars or providing expertise. While products are selling stock, it could be physical or electronic. A mix of the two is the information product such as an e-book or non-fiction book. This is able to provide a service or your knowledge and also as a product as the customer becomes the owner of it[/FONT]
[FONT=Arial, sans-serif]General thoughts[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]There is only one way to become wealthy, although there are many different vehicles to becoming wealthy. [/FONT][FONT=Arial, sans-serif]The only way to become wealthy is to add value.[/FONT][FONT=Arial, sans-serif] This is what all the different vehicles enable us to do.[/FONT]
[FONT=Arial, sans-serif]The different ways of becoming wealthy always involve selling a product or a service; this however, can be from a variety of different things. An example of owning a business, either bricks and mortar or online or as another example, owning properties to which you lease (sell a service) to a tenant.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]To be able to become wealthy fast one must be able to impact a lot of lives and add value to these lives.[/FONT][FONT=Arial, sans-serif] An example is the ability of franchises to impact millions of people, and because it is able to impact millions it is able to make millions for the owner of the franchise, not the franchisee.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]Hence, it is important to understand that to achieve wealth it is simply a matter of adding value to people’s lives. However, despite the simplicity of the statement it is not necessarily easy. One can think of many things that add to the value that is possessed by us as individuals, but it is quite a great deal different to be able to not only generate the value but apply it.[/FONT]
[FONT=Arial, sans-serif]It is better to be a generalist and master the ability to learn anything quickly and to be rid of it when it is obsolete than to be a specialist in a field that is constantly changing and being left behind by the development of new technologies and practices.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]There are several ways to be able to provide value and many texts on them and their merits. There is real estate, stocks and options and businesses. With businesses you can sell a product or service and it is the ability to sell to an audience that will guarantee success. Real estate is a good investment as in the long term it always goes up. This is due to the fact that land is a commodity that cannot be manufactured, and as the world’s population is increasing it is a good idea to get into real estate.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]Stocks and options are an option, generally speaking it is better to be a fundamentalist rather than a technical analyst as the latter is dependent on being able to predict the future, while the former is based on “if the company has strong foundations, buy into it.†There are many texts and tomes that offer advice for these things, and include advice on the FOREX and Stock and options market. There is gain to be made, however, it needs to be backed by reason.[/FONT]
[FONT=Arial, sans-serif]
[/FONT]
[FONT=Arial, sans-serif]As previously discussed, businesses are the best way to get started. Businesses generally need less capital than buying a house, and they are easier to get loans for provided they are backed by a solid business plan. Businesses sell either products or services or both. Services are such as a bank, washing cars or providing expertise. While products are selling stock, it could be physical or electronic. A mix of the two is the information product such as an e-book or non-fiction book. This is able to provide a service or your knowledge and also as a product as the customer becomes the owner of it[/FONT]
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