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Adam Khoo's Articles in Wealth Building

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Your Time is Money Besides taking steps too increase your value, you must also increase the time you spend creating value to boost your income. Why You Are Not Rich Yet Let me first ask you this question, 'why are you not rich yet?' 'What has prevented you from getting the wealth you deserve?' Why Madonna Earns More Than You Let me pose you this question. Between a pop star like Madonna and a heart surgeon, who creates greater value in a person's life? What Determines A Person's Income? Before you can increase your primary source of income, you must first understand what determines a person's income. Why is it that one person is paid $3,000 a month while another person is paid $30,000 a month? The True Definition of Wealth Before you can be truly wealthy, you must first know what wealth really means. Again, many people think that a person's wealth is defined by how much he earns, by the clothes he wears, by the house he lives in and by the way he lives. We now know that this is not at all true. The Greatest Money Making Asset That Will Make You A Fortune So what is this one asset that all of us already have at our disposal? No, it's not your double degree, MBA or PhD. from the best universities. And no, it's not the inheritance the 'lucky' get from rich dad, rich uncle or rich grandma to kick-start their business. The Four Levels of Wealth There are basically four levels of wealth you must aim to attain. The Biggest Lie Ever Told About Wealth Why is it that 90% of the population find it so difficult to become rich? It is because all of us have been told the greatest lie of all, the lie that has been keeping us from becoming rich. Before you can ever become wealthy, you must first discover the truth about wealth and remove the wool that has been pulled over your eyes for way too long. Strategies to Scale Your Value Immediately So, let's now come to consider how you can begin to massively magnify and multiply the unique value that you have? How can you create multiple streams of recurring income for yourself? Should I Take Charge Of My Life Or Should I Let God Take Charge Of It? Recently I had a participant of mine say that he felt that my teachings contradicted his religious beliefs. He said that his religion advocated that he should let God choose his destiny and lead his life. Whereas in my seminars, I teach people to take charge of their own lives and their own destinies. Money is a Game... You Must Learn How to Play It You see, making money is a game. If you learn the rules of this game, money will flow into your hands. If you do not play by the rules, you will struggle all your life financially despite working very hard. Millionaire Habit 7: Be 100% Committed There is a very big difference between wanting to become a millionaire and being 100% committed to becoming a millionaire. Millionaire Habit 6: Acting With Integrity Many people have the perception that the fabulously rich and powerful are dishonest and unethical. And who can blame them after hearing stories of how millionaire executives rip off their shareholders in scandal after scandal on Wall Street? Millionaire Habit 5: Love What You Do The most common question that people ask about getting rich is, 'What is the best career or business that will make me the most money? Should I go into education? Food? Insurance? Network marketing? Heathcare? Options trading? Property? What's the best industry to be in right now?' Millionaire Habit 4: Delayed Gratification What keeps most people from becoming rich is the habit of wanting instant gratification. Instant gratification is the habit of always wanting to enjoy now and not having the patience to wait for future benefits. As a result, these people spend a lot more than they invest. Millionaire Habit 3: Take 100% Responsibility Wealth habit number three is the habit of taking responsibility for your results and wealth! Unfortunately most people choose to adopt the victim's mindset of giving excuses, blaming and complaining. Millionaire Habit 2: Be Proactive In my live Wealth Academy seminars, I usually do an exercise where I get people to stand up, go to as many people as they can and introduce themselves. Millionaire Habit 1: Always Exceed Expectations Those people who always exceed expectations are known as Value creators and they end up as the rich and wealthy of our society. Linear Income Versus Exponential Income Growth When you focus only on increasing your value per hour and the time you spend, your income increases in a linear fashion. There is a limit to how much you can earn a month, since there is a limit to the number of productive hours you can work. You are literally just selling your time for money. It is Not the Number of Hours You Work... Now you may be saying to me, 'I am already working eighteen-hour days! How much harder can I possibly work?' Or if you are working for somebody else you may be thinking, 'This does not apply to me. As an employee, my hours of employment are fixed from 9am to 6pm. I do not get paid more for working longer hours.' How to Translate Value into More Income? If you are self-employed, then creating more value will automatically translate into higher profits & income. However, as an employee, tripling the value you create is no use unless it translates into a higher price tag. How to Spend 100% of Your Time On High Value Activities You may be wondering to yourself, 'But, I am an employee! How can I choose to only do work that is of high value? Who am I going to delegate it to? Many of the low value work like checking emails & paperwork are still necessary, they must be done!' How to Massively Increase Your Income I am sure that no matter where you are in your career, you desire to create more income for yourself. For most people, only two options come to mind. How to Increase Your Value Over the last few years, I have interviewed people who were among the highest income earners in their industry and people who were the average income earners. How to Double Your Company's Profits in Less than Six Months Many have people have asked me, 'what can I do to increase my company's sales and profits?' Whether you are an entrepreneur or an employee, I am going to share with you a formula that you can use to double the profits of your department or company within less than six months. I call this the Profit Multiplication Formula. How the Rich Manage their Cash Flow Once again, the key difference that sets people apart in their ability to create wealth is not just how much they earn but more importantly, how they manage the cash that flows through their hands. Do Exactly As Expected and You Will Soon Be Out of Business As an entrepreneur today, you must do a lot more than expected in order to run a successful business and create wealth! Debunking the Myths of Money The truth is that many of these beliefs and attitudes that some people hold have about money are nothing but inaccurate generalizations and excuses that keep them from living a truly a happy and wealthy life. Commanding the Highest Price Tag There is available a veritable treasure chest of strategies to massively increase your income and get you on your way to financial abundance. 7 Steps to Financial Abundance Is there a formula for wealth creation? Do all self-made millionaires take the same steps to amass their fortunes? If we were to do an in-depth study of how self-made millionaires think and act, would we find some common clues that we can learn from? The answer is yes.

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