Chance to Win a Million Dollars

If you won a million dollars, what would you do with it? Where would you go; what would you see; what would you buy; what would you eat? What would you do with a million dollars in winnings?

one-million-dollarsI have something in common with many of you, and that is that we live in North America. Chances are like a great majority of people that live in North America, you’ve probably been asked a question like this, “What would you do if you won a million dollars?”, or “Would you like a chance to win a million dollars?” Now it has been my observation that over the course of people’s lives they somehow become ingrained with the idea that a million dollars would solve everything; that a million dollars would remove all their problems – they would then be able to enjoy the rest of their lives from that point on without a care in the world – because they now have a million dollars. It very nearly is the stuff of bedtime stories.

You don’t have to look very far to see the opposite however, that people who win big also lose big. In fact many of them lose everything they won in very short periods of time and end up with greater liabilities than when they started. How could this be? A man won a million dollars, his problems are supposed to go away, not come back bigger. So what could it be? Are the prices for food, gas, clothing really all that high? I think we can all agree that isn’t the case. A modest home, car, lifestyle – is that too expensive? Maybe; but this shouldn’t be the case if you’ve won a million dollars.

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Find a Mentor in your local area

Looking for a mentor? Good, you’re on a strong path. Still can’t find a mentor to start with? I know of several mentors in all parts of the globe – they are eager to coach and guide you to greatness. Don’t know who or what I’m talking Mentorabout? You should. The process of attracting these mentors has become a lot easier now – easier than it has ever been in the history of human-kind’s existence. And it is all right at your fingertips; in fact you are using it right now.

Your access to the internet provides you with an opportunity to connect with mentors young and old, alive or passed on that no previous generation of human beings have ever had. We have always been separated by large distances, vast areas of land and oceans, lack of tv, radio, and telephone connections. But that doesn’t exist now – it has permanently been eradicated due to the appearance of the internet on the world scene. Now a mentor is a click away; a download away; an audio book away; an e-book away; a webinar away.

As of this very moment I have 12 gigabytes of my various mentor’s teachings, learnings, mistakes, advice, guidance, coaching, etc., – the very skills and tools that I require to craft my own life in the direction I choose. That represents 1,966 individual files, in other words 1,966 lessons on personal development and living a life of harmonious success. They are eager, willing, thoughtful, insightful, challenging, positive, motivating. All of this at my fingertips. All I need is my laptop or mp3 player and a set of headphones, and my mentors are ready to assist me.

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Your ULTIMATE secret to success – 4 supercharged tips

In my ongoing research of exceptionally wealthy and valuable people, I have found a few common denominators that is consistent amongst the majority of these individuals. Not fairly consistent, not maybe consistent; but absolutely consistent! This lead me to look at formulas of success – is there a proven way to become harmoniously wealthy? To enjoy life, relationships, vacations, toys, etc, etc.?

It seems like there is such a formula! I was watching a presentation that Canadian Billionaire Michael Lee-Chin delivered to a banquet of top-notch investment advisors and he blurted out the best summation of the absolutely consistent common denominator I mentioned above:

1.    Find a wealthy individual whose success you respect the most.

2.    Find out their Recipe for Success. Keep digging, calling, reading, and learning, until you find the foundational recipe.

3.    Implement the recipe exactly in your own life.

4.    Most important step: DON’T CHANGE THE RECIPE!!

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Mentorship and the Value of People in Business

What has always surprised me is that the people who generate incredible amounts of value for humanity, and consequently tremendous wealth for themselves in the process, are happy to share that they had help from someone on a higher plateau, a mentor who took them under their wing. However, the majority of people I come across seem intent on proving that they did it all themselves, that they achieved some form of ultimate glory by not enlisting the help or services of anyone else.  To each their own, I suppose, yet I believe the former provides the path to greater, more harmonious riches.

The fortunate thing is that with the dawn of the internet, some mentors can be found more easily than they used to. One of the most incredible things that the United States has ever produced is a segment of the population that turned out to be exceptionally value-driven, travelling mentors. The likes of Jim Rohn, Zig Ziglar, Og Mandino, Brian Tracy, Tom Hopkins, Denis Waitley, and the list goes on. These are people who, with much fewer distractions than our age, were able to bring incredible value to the marketplace and to people’s lives. They struggled through the Great Depression, World War II, and somewhere after the time of military-structure corporate America, they realized there was a wind of change coming – one that could empower the individual to take responsibility for themselves in a way that was not entirely possible before. A person had not only the right to free speech; they also had the implicit right to wake up as early as they wanted to; to work as many hours as they wanted to; to work as many jobs simultaneously as they wanted to; to care for their reputation and their customers reputation as much as they wanted to, etc., etc., etc.

Here is a sample of Jim Rohn talking about personal development and why you should value the people you interact with.

Is it possible to make your money work hard for you?

Life is a game that consists of a number of sub-games: health, wealth, spirituality, self-development, etc., which in turn have their own number of periodical mini-games.

Alternatively, life can be seen as a delicate act of juggling multicoloured balls, and each ball represents an aspect of your life: family, health, mental well being, money, etc. Now picture yourself juggling these items and suppose you drop the money ball. You soon discover, fortunately, that the money ball is made of Jugglingrubber, it bounces right back and soon you are on your way to juggling again. But suppose you drop any of the other items – family, health, mental well being – and you discover they are made of glass; once shattered, they can never be put together entirely again. There will always be pieces missing. So make sure you take care of those first.

Now, ways to get that money rubber ball to bounce back.

I came across an article on thestar.com called “Don’t get peanuts on your savings” by Ellen Roseman. In it, the author goes on to explain large financial institutions, such as CIBC, RBC, TD, Scotiabank, BMO, etc., are providing their customers with very low “high-savings” interest rates currently sitting anywhere in the range of 0.5% to 2.2% per year. It is worrisome to see these rates of return especially when you consider that the average rate of inflation in Canada is above 2.0% per year. Yikes! In other words, if your money is sitting in a bank account or basic savings account, you are effectively losing money unless you are invested in something that provides a higher return than inflation and taxes combined!

The simple rule of thumb here is that banks do what’s good for banks first; period! That’s why they have the nicest, tallest buildings in every city. The responsibility for your financial well being, just like everything else, relies solely on your shoulders. You have to find ways to make your earned income work hard for you. This is what makes people wealthy – their money earns more money through sound investment.

Throughout this blog I have shared thoughts on wealth management. Do some research, and execute.

Gold vs. Real Estate vs. Paper

I hear this question a lot and I would like to share with you my opinion on the matter.

I decided to write about this topic today because I recently came across an article on Yahoo! Finance with the title “5 metals that may be brighter than gold”. I’ve included a short snippet of the opening statements here:

5 metals that may be brighter than gold

To give you proper context on this subject, let me start by helping you see where the author of that article, Tim Begany, is coming from. Tim is an experienced investor and financial journalist whose financial planning strategies seem to be grounded in paper investments (read about Tim here). As a result, the suggestions he makes for alternatives to gold do not surprise me because it seems to represent a large section of the financial advising and planning industry. He is a ‘paper’ guy – he talks about how most precious metals investors purchase exchange-traded funds (ETF’s). Why anyone would suggest an alternative to gold as a store of value in the first place boggles the mind, yet it continues.

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