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Warren Buffett always worked with a simple long-term investment

Warren Buffett explains how you could’ve turned $114 into $400,000 with a simple long-term investment.

Many of us know the magic of investing money in the stock market—just letting it sit and watching it grow—but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid example of this which he shared with me during a visit earlier this year at Berkshire Hathaway headquarters in Omaha.

First, take yourself back, way back to America’s entry into World War II. Franklin Roosevelt was president and Buffett was a young boy. And as you may know young Buffett, unlike most kids his age interested in games or sports, was basically consumed by the stock market. And at that dark moment in US history, Buffett was ready to take action.

“Let me give you a figure that’ll blow your mind I think. I bought my first stock when I was 11 years old. It was the first quarter of 1942, shortly after Pearl Harbor,” Buffett recalls. “I spent $114.75, [for] shares [of a stock.] $114.75. If I put that $114 into the S&P 500 at that time and reinvested the dividends, think of a figure as to what it…would be worth today,” he asked me?

So, what do think?

$10,000?

$75,000?

I’ll give you some help. That’s way low.

Let’s pick it up with Buffett again: “The answer is about $400,000. So if I as a little kid had taken that 114 bucks I’d saved— shoveling snow (LAUGH) or whatever I’d done, [I’d have] $400,000 today. [In] one person’s lifetime. That’s America. I mean, that isn’t me. You know, it’s the huge tailwind the American economy gives to any equity investor.”

Buffett acknowledges that it’s not always easy to stick with it all the way through.

“Now, the market’s gone down many times during that time,” he reminded me. “People have panicked during that time. Headlines have been terrible. You know, it looked like we were losing the war when we first got in. But America is a powerful economic machine that, since 1776, it’s worked and it’s gonna keep working.”

And then he’s almost giving me a pep talk. As in, ‘come on, you can do this!’

“Now, you don’t wanna buy to hold for a year, you don’t wanna buy with the idea that you could sell it in two years or three years necessarily, to make money. You may— you could lose money that way,” he says. “But if you buy it for $10, $20, just keep buying the S&P 500 index and forget about all the other nonsense that’s being sold to you because I’ll guarantee you one thing about (LAUGH) the stuff being sold to you, it will carry bigger fees than what (LAUGH) I’m talking about.”

By that last point Buffett means those big management or brokerage fees would eat up your returns in a huge way and you’d end up with far less that $400K.

So here’s a big question: Will it happen again? In other words, if you invested a similar sum and held it for the same 76 years or so, would you still make out—maybe not exactly the same of course—but would you still make out like a bandit?

Buffett answers that if not directly, then directionally.

“The S&P 500 companies have earned well over 10% on equity, often 15% annually for years, and years, and years, and years,” Buffett says. “They’ve done it— with Democratic administrations, with Republican administrations. Now, you get money compounding at that kind of rate underlying your investment, and you get a diversified group of that, I mean, you’re going to do well.”

You pick up these kinds of things from investing for almost eight decades.

Watch Warren Buffett LIVE at the 2018 Berkshire Hathaway Annual Shareholders Meeting exclusively on the Yahoo Finance app and desktop. Coverage begins May 5 at 9:45am ET.


Warren Buffet strategy is good for young people who have enough time to invest.

Do we have a plan for average people who want to make extra income online without long-term perspective?

Check this out (press image below or right side if this blog).

I will share my marketing system with you

What pill, Neo. Blue or red?

This is the moment in the Matrix when Morpheus offers Neo to take the red pill or the blue pill. For Neo, one pill leads to mediocrity and the other leads down the rabbit hole of the unknown.

Red pill or blue pill?

The blue pill of blissful ignorance whispers…

  • Trends, tricks and techniques will make you millions
  • You can build a profitable business working one hour a day
  • You can get rich on free traffic
  • Selling low-priced products is the best way to make money
  • You can use the internet to avoid “selling” to anyone

The red pill of reality states…

Only proven methods and principles will make you profits.

You can START a profitable business working one hour a day, but to grow that business will take more than an hour!

You must master at least one form of PAID traffic to succeed online.

Check this useful source of SOLO Ads  here >>>

The only way to truly succeed online is by selling high-priced, high-commission products or you’re doomed to an Amazonian takeover!

Someone in your organization must know how to sell and sell very well.

At many online companies like SAN, DA, SFI, MOBE people have tossed out the blue pill.

The blue pill may make you FEEL better in the short term…but we live in the REAL world.

For example, MOBE (or MTTB)

MTTB is a 21-step system based on proven principles (so proven they’re backed with a ten-times your money back guarantee).

You can start MTTB working less than an hour a day, but as you start making $1250, $3300 and $5500 commissions, you’ll have to work more…but don’t worry, you’ll WANT to work more.

MTTB preaches the value of BUYING good traffic. Free traffic does not work. At least not for long.

(Ask the folks on Facebook who built up their “likes” only to have Facebook pull the plug on them and say, “If you want your likers to see your posts, you’ll have to pay us.”) Period. Sorry to break it to you. Find a traffic source you can BUY and turn into sales and they can’t take it away from you.

MTTB sells high-priced products. It’s the only way we can pay out such high commissions.

It’s the only way you can make big money without signing up 150 of your friends and family in a “downline”.

With MTTB YOU don’t have to sell, but our phone sales team will sell for you. And they know how to close! No company ever succeeded without GOOD sales people. We provide them for you!

“Remember, people fail, systems work”


Do we have another alternative to make online business with legitimate companies but not to have to buy from the start high priced products, courses, training? Yes, see the plan below.


Okay, Neo, what’s it gonna be? Red pill or blue pill?

Take the red pill here…see my

here you go >>>

show-me-the-plan

Kentucky Fried Chicken box?


Kentucky Fried Chicken box?

Quick, whose portrait is on the side of a…

Kentucky Fried Chicken box?

Colonel Sanders. Right.

The guy who devised the famous “11 Herbs and Spices” recipe that became the most popular chicken franchise in the world.

But do you know what the famed 11th spice was?

According to legend, Sanders was broke and going from restaurant to restaurant and challenging the chefs. “I’ll bet my chicken recipe is better than yours”…and he always lost that bet…but at least he got a free meal out of the ruse.

Well, one day he was running the same schtick on a local bar owner.

The bar owner said, “I’m trying to sell beer, not chicken. This chicken needs WAAAAY more salt, so my customers will order more beer to quench their thirst!”

So, the bar owner shook a few shakers of salt onto the Colonel’s chicken and said, “Now this is GOOD”.

Sanders hated the taste of it…but he was no dummy. “If this is what the customer wants, then I’ll give it to him.”

The secret 11th ingredient? Plain old table salt!

What does this have to do with your online business? (again this thing “never give up”) and many platforms with training.

45minPayDays

Well, sometimes the key to your success is hiding in plain site. Sometimes, it’s not a matter of a miracle or some crazy new online sales formula.

It’s not some wild, undiscovered herb or spice.

Sometimes it’s following a simple recipe. Sometimes it’s the simplest ingredient that puts the recipe over the top.

Now many programs for home-based biz have their recipe.

It’s not complicated. It’s not bizarre. It’s just some steps (1-2-3 or 21 proven steps). A recipe anyone can follow.

 

Check it out today…click here…>>>

video

 

Time management.

How do you fill your “bucket of time”?


Don’t fill bucket of time this way.

If this is the way you fill your “bucket of time”. Don’t do this year!

Let me explain. Of course, many entrepreneurs know this idea.

How do you plan your 2018? (still it’s not late)

What you (and I) need to do better, is decide what are the most important things we have to accomplish in our home businesses in the next 90 days, and then focus on getting them done.

These are what you call your ‘Rocks.’

First, put big ‘rocks’ in the bucket.

Imagine, The big glass container represents your time.

Lets call it the next 90 days.

Next to it, you have some big rocks, pebbles, sand, and water.

If you put in the water and sand first, they’ll fall right to the bottom.  Then if you add in the pebbles, they’ll sit immersed in the water, on top of the sand.

Then if you try to put in the big rocks, they’ll sit on top of everything else, and they won’t all fit.

But…

If you do it another way, it’s possible to get everything to fit in the jar just nicely.

First put in the big rocks.

Then the pebbles are poured in, and they all fall between the gaps in the rocks to the bottom.  Then the sand is poured, and finally the water.

Everything fits.

Here’s the lesson;  those rocks represent the big, important things you have to do each day.

It could be sending an email to your list.  Hosting a sales webinar.  Setting up a joint venture deal.

Planning the outline of a new product. Making 10 sales calls.

Basically the important things that move your business forwards.

The pebbles, sand, and water represent the lesser important ‘busy’ work.

A pebble might be taking a phone call with a colleague in your industry, and chatting about how things are going in your businesses.

You might get some value out of this call.  But more likely, you’ll burn up 30 minutes of time and it won’t impact your business.

The sand could be you responding to a few urgent but unimportant emails.

The water is you checking Facebook, Skype, Snapchat, Twitter… or getting sucked into watching time wasting videos on Youtube.

The water activities are incredibly tempting.  They don’t require much deep thought, and are entertaining.

But they do nothing to move your business forwards.

My big goal in 2018 is to focus more on the rocks and leave the pebbles, sand and water to the end of the day IF I have time.

Matt Lloyd, founder and CEO of MOBE

By the way – I didn’t come up with this analogy.

I read about it in this book by Verne Harnish, it’s called ‘Scaling Up.’ (thanks to my mentor, Matt Lloyd for this reminder).

If you’ve got a business that’s doing 5 figures annually and you want to scale to 6 figures, you’ll get a lot out of this book.

And if you have a new business and / or you’re not yet making a lot of sales, you’ll still get some useful insights out of it.

Any opportunities / distractions that come up during those 90 days, will have to go on the waiting list for the next 90 days.  Completing the current Rocks will be the number one priority.

My advice to you is to start operating your own home business (set your own schedule).

Decide on what the most important things are to accomplish in the next 90 days, and block out everything else.  What few important projects will result in the greatest amount of sales?

If you focus on these things, you’ll be able to complete 2017 having accomplished a few super important projects that catapulted your business forwards, rather than half-completed 100 different things that were not really that important in the first place.

Start from here >>>

 

10 questions before you choose home-based business.

Download free report here >>>title

You Absolutely Must Ask Before Choosing a Home-Based Business.

Here is your copy of my eBook The 10 Questions You Absolutely Must Ask Before Choosing a Home-Based Business. (by Matt Lloyd)

I know you’ll find it useful because, unlike a lot of guides and how-tos and checklists that you can find on the internet, my eBook is really more of a story.

In the eBook, you’ll see the mistakes I made along the way. You’ll read about the hard lessons I learned on my journey toward building a 40 million dollar company. How I learned, from experience, what questions I wish I had asked.

Had I known then what I know now, it would have saved me a ton of hassle, heartache, and, of course, money.

I spoke to Matt Lloyd , 2016, in Punta Cana

I encourage you to read the eBook right away and ask yourself those 10 questions before starting any business.

Down load e-Book here


Are you in affiliate marketing? Check out marketing system I use (developed by successful internet entrepreneur). Press the image below:

Is 15 min of your time worth $300?

Matt Lloyd and his ebook WiFi Millionaire

Read this book…Download here >>>

” My name is Matt Lloyd, and I have something important to tell you…” (CEO and founder of MOBE, 2011)

You’ve Been Brainwashed

Through no fault of your own, you’ve been brainwashed by parents, teachers, and otherwise “sensible” people into thinking your life should follow a certain path:

go to school for 15 to 20 years

work a career for 40 years

retire comfortably

(if you don’t die of a heart attack first)

Even if this fantasy were possible (which it’s not anymore), it assumes that you’re Ok with working most of your life for a retirement fund that may be taken away at any time.

Seems like a waste of a life to me.

I’d rather enjoy my life now… make money now… and have the time and freedom to work when and where I want, and travel at a moment’s notice.

If you don’t believe this is possible, then my ebook WiFi Millionaire will prove you wrong.

Things have changed.

Retirement and pension funds are disappearing. Jobs are being lost (or replaced) at record rates. And regular people all over the world are feeling the pinch.

But there is a silver lining.

In fact, if you’re willing to rethink everything you know about “work” then you can take advantage of this New Economy and make more money than you ever dreamed possible.

What am I talking about?

I’m talking about…”

… escaping the 9 to 5, being your own boss, and working when and where you want to,

… making more money in 5 hours per week than most people make in 50 hours per week,

… and becoming a WiFi Millionaire with just a computer, a WiFi (internet) connection, and a desire to succeed.

Now, this may sound far-fetched to you.

Here’s What You’ll Learn Inside WiFi Millionaire:

  • How other regular people have become WiFi Millionaires, including Baby Boomers, Millennials, and everyone in between (page 5)
  • How to Assess Your Options and find the right home business for you (page 12)
  • 7 Productivity Tools to manage your time and be more efficient (including free tools that keep you focused online)… page 15
  • 7 Productivity Methods to get things done, and be more successful (page 21)
  • Gadgets & Equipment to run your new business (page 24)
  • 7 Ways to Fund Your Business even if you have bad credit (page 27)
  • Why You Don’t Need a Business Plan or LLC to get started (page 30)
  • How to Get a Coach to help you achieve success (page 32)
  • How to Get Instant Access to the WiFi Millionaire System, a proven sales system that will jumpstart your home business (page 36)

Download eBook here >>>


Despite what you may believe, want, or even hope, making a living online will be one of the most challenging things you ever do.

Friends who mean well will tell you to quit… your work colleagues will laugh at you… and some ‘haters’ may even try to actively stop you from succeeding.

And that’s not the worst of it.

Because your own mind will even plot against you.

When you’re on the cusp of making a $5k sale… mastering a new traffic source… or creating a new business connection… your fears, hang-ups, and destructive self-beliefs will whisper…

“You can’t do this…”

Of course that’s untrue. Your mind is a liar. A very convincing liar, but a liar nonetheless.

And that’s why when anyone asks me what they need to do to start a six-figure income online I tell them the same thing.

Start with your mindset.

It may seem esoteric or weird, but the fact is, without the belief that you can improve your life and financial situation, you never will.

But when you ‘turn the corner’ and start believing in your ability to make five, six, or even seven-figures commissions, the sky’s the limit.

You may be thinking, that sounds great – in theory – but I tend to get down on myself, how can I make a practical change in my mindset?

I totally understand. I wasn’t always a positive person and I didn’t always make a great living online.

So today I’d like to share with you three simple tips you can use today to unlock your ‘millionaire’ mind.

#1: Spend time with positive people

Positivity is infectious. So, read more positive books, watch more positive shows, and most importantly, surround yourself with positive people.

Jim Rohn famously said you are the average of the five people you spend the most time with. So, if you want to earn six or seven figures a year, spend time with people who are also successful in business.

#2: Keep a journal of negative thoughts

Reducing negative self-talk starts with awareness. Think about it. How can you stop the negative thoughts that limit your success if you’re not even aware you’re thinking them?

So, start writing them down. It seems counterintuitive, but by noting your negative self-talk you’ll actually reduce it over time.

#3 Commit to a path

You’ll never be successful if you’re constantly changing the goals posts.

You can’t have the goal of making money online one day and then wake up the next excited about the idea of opening a waffle shop.

Switching goals doesn’t make any sense and you’ll just end up spinning your wheels.

If you want a free life where you make thousands a day, commit to it. Find a system that works and put your all into it.

If you haven’t found a reliable system for making a six-figure income online yet, you’ll want to check this out:

Click Here. >>> 

This is a new guide just released by a $150m earner from Australia, and it outlines the fastest way for you to start and grow a successful online business from home.

I highly recommend you grab a copy now.

Home-based business with Amazon. How to start?

Amazon, the US e-commerce and cloud computing giant.

The main idea of the post: People who build home-based online business with Amazon earn more that real employees in Amazon. Why not to try to build your own online home business too –

click here to learn how.

If you want to build a successful and profitable business on Amazon that brings sustainable income PER MONTH, the first step you need to take is…

Find the perfect product to sell!

Easier said than done, right?

Well, with a new piece of software called Profit Spotlight, you can harness the power of years of experience combined with huge data from Amazon, and pick the perfect product for you to sell.

Oh, and the software is FREE!

Click here to get it >>

P.S. You need to hurry up though, because the access to this free software won’t be available for long. Go get the software ASAP while you still can. And that’s not all! In addition to this tool, you’ll get two other bonuses: a list of countries allowed by Amazon (so you don’t waste your time) and a list of recommended profitable categories that are currently KILLING IT with sales.

Go grab them now:


Amazon and Walmart CEOs Make — Surprise! — Drastically More Money Than Their Employees

CEOs’ salaries have ballooned alarmingly over the past 50 years.

Last week, when Amazon shared the news that its blockbuster subscription service, Amazon Prime, hit a milestone of more than 100 million members, the e-commerce giant also revealed another astounding number: The average annual salary of an Amazon employee is $28,446.

This income, critics were quick to note, is in stark contrast to that of Amazon CEO Jeff Bezos. According to its annual proxy filing, Bezos’s compensation last year was $1.6 billion, and the data firm Equilar found that he makes 140 times more than his average employee. Per Bloomberg’s Billionaires Index List, his net worth grew by $35 billion in 2017 alone, and the tech executive now has a net worth of $127 billion.

So how can Bezos, the world’s richest person, amass such wealth while plenty of his employees are reportedly living on food stamps? The same way Walmart CEO Doug McMillon earns an annual $22.8 million while the average Walmart worker makes $19,177, as the company’s security filing revealed on Friday.



Amazon and Walmart join a long list of American companies with huge pay gaps. And we’re finally getting the full picture, thanks to a new rule the US Securities and Exchange Commission is enforcing, in which publicly traded companies now have to reveal the pay of their CEOs as well as the average income of employees in their regulatory filings. The mandate is part of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act, a reaction to the 2008 recession, in which investment banks, insurance companies, and mortgage companies either collapsed entirely or relied on federal support to keep running.

Dubbed “salary shaming” by the Washington Post, the ratios coming out of this new legislation illustrate just how dramatically CEOs have been able to prosper as their employees continue to earn low wages.


Your Only Limit Is You.

Nowadays, the belief that your only limit is you is an actual fact. Each day, ever more evidence comes to confirm this point as an inevitability. You should be aware that your mind is everything and controls every aspect of your life. It has even a significant influence over your body.

By knowing that your only limit is you, you can use your determination to take action and do so. You have to prepare and get ready to get to the top by looking at the summit and not to the bottom. You have to be inspired and keep striving to be the best you can be. So, I wish you great success!

How is it possible? Why is your mind creating limits? How can you get past those boundaries?

To begin with, your body hears all things your mind thinks or says. So, if your mind, for example, can talk your body into feeling right or wrong, what else can it do and what power does it have? Have you ever paid attention to the way you speak to yourself? What does it look like?

The difference is how you look at the glass, is it half empty or half full? You see, when you think about it, your only limit is you. Perhaps you have never actually considered this small distinction as necessary before. However, it can make an enormous divergence in what you achieve in life. Only because when you believe that you cannot, you put a limit on your potential.

The fact is that when you let your thoughts wander, and your mind consider that there are limits, you start to get doubts. Therefore, you think your glass is half empty, and you tell yourself that you cannot. Then, of course, what unfolds is that you begin to believe that you cannot indeed.

The Only Limit Begins in Your Mind
To get rid of any limit, you have to establish in your mind that what you desire is stronger than anything else you want. Then, you have to burn the bridges behind you and say once and for all that this is it. That way, you have no retreat and no choice but to continue all the way to achievement.

To go for what you want is not so hard if you are determined, but to stay motivated is what is challenging. It is quite easy to dream big when your dreams are just in your head. The only limit comes when you have to do the tough things such as the everyday grind, the perspiration, and the hard work.

Believing in yourself is the best thing you can have as it tears down any doubt you might have. It is hard to get over doubts even you do not believe in yourself, and it cripples you. Disbelief, uncertainty, and doubt are things that make everything else seem impossible. So when you realize that your only limit is you, you find a way to believe in yourself again and therefore, nothing can stop you anymore.

There is no escape; everybody has a hard road. But your mind is everything. If you do not believe you can do something, then you cannot. You have to fight to get greatness. It is like having to save your own life. Nobody is going to do it or save it for you.

Limit and the Power of the Mind
You got to give everything you have to get where you want to be. Dwelling and crying won’t help a bit. If you quit, you are going to lose. When you have a resolution, and I am not talking about a New Year resolution, but a real one, something to accomplish, you have the resolve, and you know that it is going to happen.

-Personal Growth & Success Expert, –
help and teach people how to get a fresh start and have a brand-new style of living after a divorce, loss or if single. Do this by using self-development techniques to help you grow, succeed and have a better life.
Remember, it’s not just about growing but also about ending the routine. It’s about the lifestyle of working less, living more and enjoying life!


… Discover how you can afford to stay home and change your actual living by using internet resources, business opportunities that legitimate companies have to offer – click banner below to see one that might be the one that fits your interests.

Motor Club of America

Your Only Limit Is You! Get my marketing system to help you – HERE

 

7 Things Every Home Business Entrepreneur Needs To Know

Get My Marketing System Free ^

Looking back on many unsuccessful attempts at home business, we wish we had received guidance from someone who had already been down the road we wanted to travel. We had so many failures that we were starting to doubt that success in a home business would ever happen for us.

Thankfully, we didn’t give up and through perseverance, we were able to achieve the success that had eluded us for years. Along the way, we discovered many things that we wish we had known when we started this journey.

Our success has literally transformed our lives. We believe that to whom much has been given, much is required. Consider this information our gift to you. If we can be of assistance please, do not hesitate to fill out the contact form at TheHomeBusinessPodcast.

1. Success doesn’t happen overnight.

For some reason, people think that they should become rich in a few months with their new home business and some people believe success should happen within weeks or days! We introduced a man in his early 50’s to our business and he was excited. When we first met he complained that he had been working hard for more than 30 years and he was broke.

He said he never had any time for himself or his family. We told him what it would take to become successful and he agreed to do it. Then, he disappeared. A few weeks later he called to tell me that he was quitting. He hadn’t even started and here he was ready to give up.

We asked him if he would be better off quitting his full-time job and keeping his home business! Of course, we didn’t really mean that he should quit his job, but he had been working full-time for more than 30 years and he was still broke. He started his home business just a few weeks earlier and he never gave it a chance.

Why is it that so many people think that they should become wealthy in a few weeks? The answer probably lies in all the get rich quick schemes that are so prevalent in our society today. You’ve seen the emails or read these lines in your junk mail. No Selling, We Do All The Work For You, Make $30,000 in 90 days and on and on.

Those get rich quick scams cause people to think that every home business is a scam and that’s not true. We just got off the phone with Doug, a nice guy who is seriously considering our home business. During our conversation, we made it clear that he wouldn’t be rich in 60 or 90 days and his response was the kind of response we hear often, “Thanks for telling me the truth. I’m happy to know that I’m dealing with people of integrity.”

We were frustrated so many times in the first year of our home business that quitting seemed like the sensible thing to do. After all, these things don’t work. Who do you think you are? Why don’t you just get a job like everybody else? These thoughts and many, like them nearly kept us from success.

If you already have a home business, perhaps you are facing the same thoughts. Don’t let the negative thoughts crowd out the life-changing success that a home business offers. Sure, we struggled at first, but after 20 months we were making $100,000 a year in lifetime residual income! When you find yourself facing bankruptcy and foreclosure as we were and then apply for food stamps you have a firm grasp on the tough times life can bring.

Occasionally, we’ll say “What If?” As in, what if we hadn’t stuck it out through the hard times? What if we had taken the advice of supposedly well meaning people who said that we would never have success in a home business?

What if it took you two to four years to become successful in a home business? What if you could make $100,000 without a boss and a job to go to? What if you could actually be home for your children and know them as people instead of looking at them as the little people who live in your house?

Most people who start a home business quit in their first 90 days and go back to their dreadful lives of desperation. Most people aren’t really living. They are only existing. They’re going from one day to the next without any hope of a better life.

Benjamin Franklin said “most people die at 18, we just don’t bury them until they turn 65+.”



2. Success doesn’t happen without work.

I talked to a woman who said she was interested in changing her life. When it was time for her to make a decision she asked me, “Do I have to do anything?” “No” I replied, “once a month we just back the money truck up to your house and unload!”

If you had a traditional business you’d have to open your business every day. If you have a job you’ve got to show up if you want to get paid. When you start a home business you can’t simply sign up and expect the money to start being deposited in your bank account. There’s work to be done.

Is it hard to become successful in a home business? Compared to giving all of the best years of your life to your employer and missing birthdays, anniversaries, your child’s first words, your child’s first steps and realizing that life is nearly over and in your golden years you don’t have the money to do the things you want to do, no it really isn’t that hard at all!

If you’re in a business like ours when you employ leverage, getting paid for other people’s efforts, you can enjoy the fruits of your labor so much more. Even if you have a home business where you do all the work it’s better than working for an employer.

We are convinced that to live a great life your home business must employ the leverage concept. It’s the only way you can have money and the time to enjoy it. The wealthiest people in America became wealthy by owning businesses. The businesses that created great wealth were out in front of a trend and the business owner got paid based on the efforts of thousands of people. We wouldn’t be enjoying the life we live today if we were getting paid only on our own efforts.

We worked really hard with very little success in our first year. Our 2nd year was the breakthrough that we were looking for, success was on the way. What we failed to realize was that during our first 12 months we were improving our skills and our confidence and that’s when success started to happen.

So, how much did we work in our first two years? We worked as much as it took. How much should you work your home business? That depends on a variety of factors. How bad do you want it? How fast do you want to achieve success? We recommend that you work your home business a minimum of 7 to 10 hours a week, and do it consistently for at least two years.

Success doesn’t happen without work and it isn’t limited to working your business. Are you committed to improving your skills and working on you? Read at least 10 pages from a great book every day. Books like “Think and Grow Rich” will change the way you think and when you change the way you think you will change your life.

Expecting success without work from your home business is like expecting a paycheck from a job that you never started. It just doesn’t make sense.

3. You must be disciplined to achieve success.

So, you’re working your new home business and a friend calls offering to take you to lunch. Can you afford to go? Your favorite show is on TV, but you know you need to be working your home business, what will you do? Perhaps the biggest adjustment most of us need to make is to be disciplined in our home business.

Let’s face it in a work environment there is usually supervision. Many people fail in a home business because there’s nobody looking over their shoulder to see that they do what they need to do.

Since most people who start a home business have never owned a business, we must learn to be disciplined, if we’re going to operate a successful home business. There were times when somebody told us no and that was devastating. We’d usually mope around and fail to do anything else the rest of the day. Had we maintained that attitude, we’d have a job right now instead of a successful home business!

Consider setting business hours. Of course, there are exceptions to every rule, but asking friends and family members to respect your business and your business hours is an important step to success. We’ve got a good friend who makes more than $100,000 a year and when you come over to his house during business hours you can visit with his wife, but he excuses himself and works his business. If you have a small child, work when he or she is napping and when they are in bed at night.

It’s also a good idea to have a permanent workspace, so you can shut the door, eliminate distractions and get your work done.

This is a difficult adjustment for some people to make, but your children can learn that when Mommy or Daddy is in this room with the door shut that they are working. You’d be amazed at how many children will respect your space and time if you ask them too. We’ve seen many successful, stay at home moms and dads work with children nearby. Don’t let screaming children or children that interrupt you on occasion become a big deal, the person on the other end of the phone may be convinced that your business is right for them BECAUSE they hear your children in the background.

When you promise to call somebody back at a certain time you’ve got to find the time. Children will appreciate knowing why Mommy or Daddy isn’t available at certain times and you can explain to them that it will be worth all the sacrifices once you become successful.

Discipline can be difficult with all the distractions that can occur in your home, but it is one ingredient that you must have to become successful.



4. Who you’re involved with is more important than the business you’re in.

Let’s face it, most people don’t really have a clue how to operate a business, any kind of business not just a home business. When we’re young we are told to go to school to get good grades so we can get a good… JOB! That’s exactly the path most of us start on, get a job, work hard, work long hours and try to get a promotion so we can work more hours and hopefully make more money.

We do that for 10, 20 or 30 years and then realize that we are never going to get ahead. That’s when the idea that a home business could change our life hits most of us. We’ve been told to be good employees and that’s what most of us have done all of our lives.

There is no substitute for leadership. If you are blessed to find somebody who has been successful in a home business and you know that they can sincerely help you change your life forever, you should jump at the chance to work with them. Make sure you’re comfortable with them before you get started. So, what should you look for? You should look for somebody that knows exactly what they are doing. When you ask questions are they comfortable or uncomfortable? Do they have a system that you can plug in to and have immediate success?

One of the reasons I failed in other home businesses is that I didn’t understand the importance of finding the right person to work with. I am not blaming my failures on somebody else, but if I had been associated with people who really knew what they were doing they would have given me guidance that I did not get. Perhaps I would have failed anyway, but there is no doubt that working with successful people will cut your learning curve and save you a lot of time and money. Only you can assure your success, but finding the right person to work with and then listening to that person gives you a tremendous advantage over most people working a business from their homes!

Let’s say you have what you think is a great idea and you’ve got a little extra money stashed away for a rainy day. Your spouse isn’t overly supportive, but he or she wants you to succeed. You decide to invest $1,000 or $2,000 in your new business by taking out an ad in a local magazine. You get no response at all. How do you think your spouse feels about your home business now? That kind of mistake destroys most people and they never recover.

Last week I received an email from a so-called marketing guru offering his services. I could get his marketing expertise if I paid him almost $800. Almost everything he offered we give to our team members for FREE! We know that what we’re doing works for our business because it has been tested and proven to be successful or we wouldn’t do it. His material, although similar to ours, hasn’t been tested in our business and could prove to be a waste of both time and money. What would happen if you sent that $800 and it didn’t work? How supportive would your spouse be then?

5. Technology has changed everything.

Many years ago you had to get out and meet people and most businesses was, done face to face. You could call people around the country, but if they had any interest in your business you had to send a package overnight. That proved to be very expensive.

When we were broke, I thought everybody that sounded serious, was serious. I was sending out packages several times a week only to find that these people weren’t serious at all.

Then, the internet changed everything. You don’t have to meet people face to face anymore, although I must admit it’s still my favorite way of doing business. Today, you can upload a video in seconds, so people can see you. You can send an email with links to websites, videos, and your contact information. Autoresponders make you look like a Fortune 500 company, and nobody knows how big your business really is because anybody anywhere can have a great looking website.

When I started my business more than 10 years ago my long distance phone bill was nearly $1,000 a month, today we can call as much as we want for $20! You can use conference calling and webcasts to present your business to hundreds of people at a time.

People can automatically receive your latest Podcast and watch it on the subway or at lunch. This is the information age and you should capitalize on the shift in technology in your home business. Don’t worry about all the latest gadgets when you start your business because the personal touch will always be important. Even if you don’t have a lot of money technology allows your home business to operate and look like a very big business.

Don’t get too preoccupied with technology. You can, however, use it to enhance your image and your productivity if you know what you are doing. Today, we don’t mail anybody any information regarding our home business. With internet access almost everywhere, we realize that if somebody needs us to mail them something, they probably aren’t the person we were looking for.



6. It’s a home business, but that doesn’t mean it can’t be a big business.

Most people that start a home business are looking for an extra $300 to $500 a month. What would an extra $50,000 or $100,000 a year do for you and your family, seriously! Maybe it’s because so many of us have failed so many times that we just don’t believe in ourselves anymore.

Once you understand the basic fundamentals of your new home business and once you’ve achieved some success, you’ll understand that the sky is the limit. We make much more money than we ever thought possible and we have friends that are making more than $1,000,000 a year! Hard to believe? Of course, it is! Just because it’s hard to believe doesn’t mean that it isn’t happening.

After we struggled with so many other businesses I wanted to believe that we could become incredibly successful, but my past was holding me back. Today, we operate a home business that generates almost $10,000,000 in annual sales! Years ago I never knew anybody that made $1,000,000 a year, so it was hard for me to “see” myself ever reaching that milestone. When a good friend of mine did it, I could then start to see that I could have that kind of success.

So, do you really want to struggle all your life? Then why do we settle for mediocrity? Here’s why, we’re unsure of ourselves, stuck in a rut, scared, we lack confidence, we tried and failed and tried and failed, what will my spouse, mother, brother, best friend think? We care too much about what other people say, think and do!

7. As a Man Thinketh…

As a man thinketh in his heart, so is he. Joyce Meyer is fond of saying that where the mind goes, the man follows. Of course, it makes no difference whether you are a man or a woman, you are what you think you are. As we struggled in our home business it was easy to become discouraged. We had always failed. Those constant thoughts of failure surrounded us.

Then, we realized that others had succeeded. Why did they succeed where so many others had failed? Could it really be that the only reason they achieved success was that they thought differently? We were so broke and so desperate for a breakthrough in our lives that we realized that we could not afford the luxury of having negative thoughts. There were plenty of other negative people that we could have listened to, but what was that going to get us?

What if we listened to the people that were positive, which by the way were the same people who were achieving success? When we started our home business we felt like the biggest loser on the planet. If something positive didn’t happen soon we were going to have to move out of state to live with Judith’s mother. How were we going to explain to our children that we had lost our home? If our home business was going to change, we would have to change first.

We couldn’t afford the luxury of one negative thought. We started making good choices. We would distance ourselves from anybody that had anything negative to say about anything! We would surround ourselves with positive, uplifting people who would speak life into our lives.

We didn’t listen to people who laughed at us and yes, there really were people who laughed at us. We believed that we would have life-changing success even before there were any real signs of success. Some people call that the “fake it till you make it” concept. While we wholeheartedly endorse that concept we do not recommend that you mislead people.

There is nothing wrong with having a positive attitude. It is wrong to misrepresent your current financial situation. One of the most disappointing things we encounter in home business is the tendency that people have to inflate their incomes. There must be some school of thought that this is appealing or O.K. and it is not.

Once you lose your integrity, you can never get it back. We have done everything we can to make it clear that a home business will not typically solve your financial pressures overnight. We know many people that have made $500 to $2,000 in their first month in a home business. Very few make more than that in their first 30 days. If you think you have to lie to become successful you are wrong. We made just over $300 our first month in the home business that has paid us more money than we ever thought possible.

Negative people tried to convince us that we would never have success. We didn’t listen to them then, and we don’t listen to negative people now. We know that you can have success in a home business. We know that it won’t be easy. We know that if you get guidance along the way from successful people that you will live an extraordinary life.

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Article Source: http://EzineArticles.com/487814

There’s work to be done employ leverage, getting paid for other people’s efforts, you can enjoy the fruits of your labor so much more. the efforts of thousands of people. the leverage concept.
It’s the only way you can have money and the time to enjoy it. The wealthiest people in America became wealthy by owning businesses.
the breakthrough improving our skills and our confidence and that’s when success started to happen.
We recommend that you work your home business a minimum of 7 to 10 hours a week, and do it consistently for at least two years.
Are you committed to improving your skills and working on you? Read at least 10 pages from a great book every day. Books like “Think and Grow Rich” will change the way you think and when you change the way you think you will change your life.
Success doesn’t happen overnight…

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