Tony Robbins - 5 Keys to Wealth & Happiness

Tony Robbins - 5 Keys to Wealth & Happiness (part 1)



One of the best and most powerful messages from Tony Robbins.

Click here for Part 2

Look Rich or Be Rich: Develop a Millionaire Mindset to Achieve Financial Independence

To obtain the type of financial independence you’ve been dreaming about all your life, you must learn to develop a “millionaire mindset”. Thomas Stanley and William Danko, in The Millionaire Next Door, explain that most wealthy people and self-made millionaires drive used cars, live in average neighborhoods, wear average priced clothes and watches and are very careful with their money.

In addition, very few of them buy boats, recreational vehicles, second homes, personal airplanes or invest in expensive vacations. Stanley and Danko point out that there are “Those who look rich, and those who are rich.” Your job is to be one of those people who are genuinely rich, rather than those who spend a lot of money but who have very little in the bank.

Develop a Millionaire Mindset

Truly wealthy people develop the habit of “getting rich slow” rather than “getting rich quick.” To assure this, they have two rules with regard to money. Rule number one: Don’t lose money. Rule number two: If ever you feel tempted, refer back to rule number one, “don’t lose money.”

Wealth people spend much more time thinking about their finances than people who remain poor. The average adult spends 2-3 hours each month studying and thinking about their money, usually at bill paying time. The average self-made millionaire, by contrast, spends 20-30 hours per month thinking, studying and planning his finances. This millionaire mindset, the very act of focusing on your money, will dramatically improve the decisions you make with regard to it. Wealthy people who invest more time planning their finances invariably make better decisions, get better results, and achieve financial independence.

Develop the Habits of Wealthy People

With regard to your growing bank account and goal of achieving financial independence, millionaires develop a series of other financial habits to assure that they don’t lose money, and that their money grows steadily over time. During the cultivation of a millionaire mindset, one of the best financial habits you can develop is the habit of getting good financial advice before you do anything with your growing account. Ask around and find a financial advisor who is has already achieved financial independence by investing his or her personal money in the areas that he or she recommends to you. Your ability to choose excellent financial advisors can be the critical factor in making good investment decisions.

Develop the habit of investigating before you invest in anything. The rule is, “Spend as much time investigating the investment as you spend earning the money that you are thinking of investing.”

Fast financial decisions are usually poor financial decisions. Develop the habit of taking your time, of moving slowly, of finding out every detail of the business or investment before you ever think of writing a check. Never allow anyone to pressure you into an investment decision. Never allow yourself to feel that a financial investment decision is urgent and must be made immediately. A wealthy man I worked for once told me, “Investments are like buses; there will always be another one coming along.”

Sometimes, the best investments are the ones you never make at all. Make a habit of thoroughly understanding the investment before you ever think of parting with your hard earned money. If there is anything that you do not understand, or which seems too complicated for you, do not put your money in that area at all.

Wealthy People Never Trust to Luck

An important habit for financial success is the habit of insuring properly against any risk that you cannot write a check to cover. It is amazing how many people have spent years accumulating money and then lost it all because they did not have proper insurance policies in place. Develop the habit of using what I call “worst possible option” (WPO) thinking. Always ask yourself, “What is the worst possible thing that could happen in this situation?”

No one likes to spend money on insurance, but it is one of the smartest things that you can possibly do on your road to financial independence. By insuring properly, you will never be caught off guard by an unexpected accident or emergency. An additional benefit of being fully insured is that it gives you a feeling of calm confidence that allows you to think more clearly and be much more effective in everything else you do.

Wealthy People Cover Their Assets

As you begin to accumulate money, develop the habit of protecting your estate from unnecessary taxes and frivolous lawsuits. Invest in the services of a lawyer who specializes in wills and estate planning. Set up a family limited partnership, under the direction of a good lawyer, and transfer your assets into the partnership so that they cannot be seized in a lawsuit, or taxed away if something were to happen to you. As the old saying goes, “A stitch in time saves nine.” Small actions that you take in planning, investigating and insuring your assets can save you an enormous amount of money on your road to financial independence.

Do Your Homework

In addition to the habits discussed above, another important habit that wealthy people develop is the habit of carefully considering every expenditure before they make it. This involves getting as much information as possible on the various prices and costs involved in any financial decision. The power is always on the side of the person with the best information.

Develop the habit of negotiating more effectively to get higher prices when you sell and lower prices when you buy. A good negotiator can save or gain 10%, 20% and more on every financial transaction. Each dollar saved or gained is additional money that you can put away to accumulate and grow in your financial fortress account.

Develop the habit of asking for higher prices when you are selling and asking for lower prices when you buy. Ask for lower interest rates. Ask for better terms and conditions. Ask for immediate payment when you sell and ask for deferred payment when you buy. Ask repeatedly. Ask pleasantly. Ask courteously. Ask expectantly. Ask confidently. But don’t be afraid to ask. Ask for what you want, and if you don’t get it, ask for something else.

Achieve Financial Independence…Slowly

Most great fortunes are built slowly. They are based on the principle of compound interest, what Albert Einstein called, “The greatest power in the universe.” In full 99% of cases where people become wealthy, it is over a long period of time, and it is based on slow, incremental growth as the result of compound interest.

Every dollar that you save, properly invested and protected, has the ability to grow 5% – 10% each year. As your money grows, it compounds on itself, and grows even more. According to Stanley and Danko, it takes the average millionaire 22 years to accumulate a million dollars from the time he gets serious about his financial life. Most wealthy people get rich slowly, by gradually increasing their earning ability, saving more and more from their income, and investing it carefully and intelligently so that it grows and compounds over the years. You must do the same.

More Than the Millionaire Mindset

Achieving financial independence as the result of developing Million Dollar Habits is a great goal in itself, but it is not the most important thing. It is the person that you have to become, in terms of courage, character, thoughtfulness, and persistence that is most important. As the result of becoming financially successful over a long period of time, you will feel truly happy and satisfied with yourself, and with every other part of your life. This is the most worthwhile goal of all.

Thank you for reading this post on developing a millionaire mindset to achieve financial independence. Please share any comments below!

Author:Brian Tracy

http://www.briantracy.com/blog/financial-success/look-rich-or-be-rich-develop-a-millionaire-mindset-to-achieve-financial-independence-wealthy-people/

Email Marketing - 5 Reasons Your Online Business Needs It

If you have not ventured into email marketing with your online business yet, you definitely should. There are many reasons why you owe this to your online business, listed below are five great reasons why you absolutely must be doing it.

Reason 1

Obviously first and foremost would be money. The simplicity to send out a single email to the whole lot of your list makes money making a lot less stressful. As you would know companies like Aweber or get response are very popular programs that enable you to do everything you need to have a successful list. Here you can store emails, send out email blasts, create email capture forms etc.

Reason 2

The ability to set up an auto responder series. This basically means you can set an email to send whenever you want. What you do is create your email, or several and set them to be sent at a time convenient to you. This is extremely powerful as you can set up promotional emails to be sent, while you are sleeping, holidaying, enjoying luxury time, etc. Another great use for this is your welcome message. Set this up so when a person subscribes to your list, they get a personal welcome and thank you message from you. People love that.

Reason 3

Easy Communication. If you need to send out a quick email to let your customers know something, then this is perfect. Simply create your email, then click send once and it goes to every single member on your list. Extremely time saving.

Reason 4

The ability to rent your list to other marketers. Basically known as a solo ad. This is an excellent income stream in itself. What happens is you advertise your list available for solo ads in various places and then interested marketers contact and pay you to send an email promoting their product to your list. This is extremely beneficial for both parties. You make money for the use of your list. They make money by sending a promotional email to your list. Win - win.

Reason 5

It is an excellent way to build a relationship with your customers. If your readers like what you have to say, they are more likely to buy your products when you promote one.

So there you have it, 5 great reasons why you need to get into email marketing right now. With those 5 benefits alone you should be seeing a lot more income to your business, you will also save yourself a lot of time.

Article Source:
EzineArticles.com
Author: Victoria Barrett

Twitter Monetization: How to Make Money With Twitter

Everyone seems to like twitter these days which is a really cool way of staying in touch with your customers, friends & colleagues. Basically twitter has presented itself as a micro-blogging platform where a user can shout out anything they want to his ‘followers’ within the limit of 140 characters.

I have just started twittering since last month (*yes I’m pretty late starter!) because initially by looking at it for the very first time, I couldn’t find any ‘value’ that it has for my work & my social life. However after reading a convincing post by Aaron Wall, I thought of giving twitter a try. Since then onwards I have been using twitter all day long, just to keep track of some of the leading experts in the Internet & Search Marketing field as well as to have some ‘fun’ with my online buddies.

Anyway the whole point of doing this post is to highlight some of the key monetization elements that an individual can explore using twitter. I assume you have the basic knowledge of what twitter is and how it works, so I will directly deep into some ideas which can make you earn money from your twitter.

• Direct Advertisement – If a lot of people are following you in ‘twitter’ or in other words if you have a ‘wide reach’ to a large number of twitter users, you can probably look into direct advertisements for monetization.

• Recommendation – You can recommend a particular product or service on behalf of your advertisers & peruse your followers to take an ‘action’.
• Promotion – You can help your advertiser to promote a new product or service to your twitter followers.

It works pretty much like niche marketing because, say if you are an Internet Marketer, It is very likely that most of your followers in Twitter are also from the same area which is why they have ‘followed’ you in the first place.

Affiliate Marketing – I was listening to Shoemoney’s podcast yesterday where he talked about how affiliate marketing can actually be blended within Twitter.

• Affiliate Links – If you are recommending a Product or a Service to your followers, you can always embed your affiliate link in your tweet. (e.g. Using a service like TinyUrl.com)
• Sales Pages – Instead of taking your followers to another website using your affiliate link, you might just want to promote your own product & services and sell them directly via your sales / landing page.

This is an area where every one can really look into. For instance say when one of your followers is asking for suggestion to choose a web host, you can always suggest him the best one from your experience but at the same time use your affiliate link which can earn you some quick cash.

Paid Review– This is pretty much like the direct advertisement, however the only difference would be, instead of blindly suggesting a product or a service to someone, you can actually do some ‘paid reviews’.

• Product – You can do a paid review about a particular product (e.g. Internet Marketing software)
• Services – You can do a paid review about services that your advertiser offers. (E.g. SEO Services, Web Hosting Services etc.)
• People – You can also do a paid review about people. For instance, maybe you can review someone’s web design skills, or you may promote someone’s ‘twitter’ account for instance.

Sponsored Contest– An advertiser may want to run a contest via a popular twitter user to get feedback about his product & services or just to create some brand awareness.

• Feedback – Example – “What New features would you like to see in Product X”?
• Brand Awareness– Example- “Describe product X in 140 Characters” or “Tell us why you like product X within 140 Characters”. The best answer can be given a cool prize sponsored by the advertiser.

Sponsored Advertisements– There isn’t must difference between this & the direct advertisement. However when I was creating the mind map, this ‘branch’ did somehow pop in, so have decided to include it. I guess the main difference would be that all the tweets which are actually sponsored advertisements can get a predefined prefix which will help your followers to identify them as ads.

• Auto Ads – There can be a mechanism or a ‘new’ 3rd party service which can actually help you to distribute or Tweet the “Ads” when you are ‘not’ tweeting or say when you are idle. An ad interval can also be set so that your frequent sponsored ads don’t annoy your followers.
• Sponsored Actions– Well this might sound like a weird idea but, I feel that some aggressive marketers might like it. Example – “I Love #Google. Re-tweet this message and WIN yourself a GPhone”. Since a hash-tag is used, all the massages can be tracked using that and a lucky winner can actually be picked from the pool.

Some of you may think that all these ‘monetizing’ options can actually turn twitter into an ‘evil’ place and slowly reduce its value. But let’s face it, if you aren’t fully utilizing all the areas of twitter today, somebody else will – tomorrow. But of course you should set a ‘limit’ on how many ‘such tweets’’ you are going to do on a day, so that your followers still consider you as a valuable contact rather than a commercial junkie.

12 Easy Ideas For Making Money Online Through Blogging

Making money online has become increasingly easy as more opportunities and innovations arise. Before launching out on the internet I spent lots of hours and days reading and analyzing the many products, schemes and techniques that people seem to be using to make money from just a few bucks to hundreds of thousands of dollars and even millions. Honestly, I’ve been burnt a few times from trying some get rich quick stuff.
However, I’ve come to the conclusion that there are some very simple, popular and legitimate techniques for making money online with very high success rates when done properly. So, I’m going to be sharing 12 money making ideas and I’m sure there are a couple here that will fit your blog’s niche or business model.

I’ll start with some basic techniques that can be implemented into every blog:

1. Make Money Through Google Adsense

This is by far the easiest method to start earning from your blog. Google’s adsense gives you access to their huge network of advertisers through which you can display advertisements that are relevant to your blog’s audience. You earn whenever someone views and clicks your ads. More visitors to your blog will mean high earnings and clickthrough rates. Ensure that you setup adsense ads for your feeds as well, google provides this option once you sign-in to your dashboard.
Click here to sign up for Google’e Adsense
Several Alternatives – Here are some alternatives to adsense that offer the same types of services. Chitika, Text Link Ads, AdBrite

2. Selling Private Advertising Space

This is another method for earning from your blog where you reserve certain spaces on your site for advertisers to place their banner or text ads. This way you specify your rates which are usually paid on a monthly basis. The cost of these ads will depend on your site’s popularity.
You can have as many as 8 advertising spots on your site without it being too intrusive for your readers. Each could bring you and average of $12 per month which means about $96 per month. You can find advertisers through the Buy Sell Ads network.

3. Paid Job Board

Setting up a job board to complement your blog is fairly simple. Through this you can offer free and paid job listings for visitors who may be interested in job opportunities. To earn from this, simply offer premium listings that will get more exposure than the average posting. Charge anywhere from $10 to $100 per month for listings. The price, of course, depends on the amount of traffic your blog receives.
Here are some up and running job boards to help you get the idea: Sam’s Job Board, ProBlogger Jobs and BloggerJobs.Biz

4. Accept Donations Through This Awesome Widget

Depending on what your blog focuses on you can accept monetary contributions paid directly to your paypal account through the ChipIn Widget. This is a flash based web service that simplifies the process of collecting money using a neat little widget to catch your visitors’ attention as seen in the setup example below.

Now for some more advanced techniques for monetizing your blog:

5. Writing & Selling E-Books

If you are an expert in the niche you are blogging about you can write unique e-books that provide a vast amount of useful content for your readers. Your first e-book can be sold anywhere from $7 to $30 depending on the quality and uniqueness of the content. If you’re serious, your e-book can be completed within a couple of months and provides a solid long-term income. Imagine selling an e-book for $12 with 1,000 copies being sold. That’s $12,000 in sales and is a lot of money even if its earned over a 12 month period.

6. Create & Sell WordPress Themes & Plugins

If you have great web development skills or have a few friends who do, you could design and develop a few WordPress themes and plugins and sell them for a minimal price of around $30. Think about it, there are over 100,000 blogs being launched daily. These bloggers are looking for themes for their new ventures; many of them are willing to pay for premium themes to get their journey started.
In addition to promoting your work on your own blog, you can sell your themes through the Themeforest marketplace. They’ve sold over 47,000 different themes on behalf of designers and developers and their site is one of most trusted and visited on the internet.

7. Theme Reviews Using Affiliate Links

You could also write in depth reviews of new themes that may be launched by other developers and themes builders that offer commissions for their affiliates. Sign up for an affiliate account with these websites and start writing the reviews. Visitors who read the reviews may be interested and click your affiliate links to purchase the theme. These visitors will be counted as your referrals and earn you commissions. Some sites that offer these types of affiliate earnings are: Woo Themes and Elegant Themes

8. Write For Other Paying Blogs

There are lots of opportunities for bloggers who are willing to write for blogging networks or other individuals and businesses who may need your help. These sites pay from $5 per blog post up to even $100 per post depending on the popularity of the blog and quality of content you will be required to produce. You can find freelance blogging jobs at BloggerJobs.Biz or my job board at Sam’s Job Board.

9. Creating & Selling Blogs

I always say that owning a website or blog is like owning a piece of virtual real estate and in the same way that you can buy and sell homes and other properties, you can use the same techniques for selling websites. The value of websites appreciate depending on many factors like, domain age, content, actual earnings, traffic, etc. and these factors affect how much your site can be sold for. You can buy some interesting domains, build up some blogs that focus on specific niches and once it has a steady flow of traffic you simply sell. Flippa.com is an excellent marketplace for buying and selling websites.

10. Write Sponsored Reviews

SponsoredReviews.com allows you to earn cash by writing and posting honest reviews on your blog about their advertisers’ products and services. Advertisers will benefit from your reviews since it increases backlinks, popularity and search engine rankings for their product sites and that’s what they’re paying for. Depending on your readership and the quality of your blog, you can earn from $5 to $1,000 per post.

11. Become A Consultant Through Your Blog

If you are a specialist in your field, offer consultation services that are charged at an hourly or daily rate. You can also charge for speaking engagements at conferences and other types of offline forums. Ensure that you market these services effectively through your blog to ensure that visitors can readily see that you are available.

12. Private Forums, Memberships or E-Courses

Your regular blog’s content is one thing but you can go a step further by offering premium content on a paid membership basis. This especially works if you offer a specialty in your niche and already have a decent readership that enjoys your regular content. Create membership areas of your site that requires your readers to pay a small subscription fee to login. A small fee of $5 per month can easily accumulate to thousands of dollars per month if your are truly dedicated to providing superb content for your members.
There are quite a few plugins on the market that can create password protected areas of your existing blog and integrates a platform for accepting payments.
Other facts to keep in mind
To maximize your earnings through your blog, you really need to ensure that you are aiming for high quality in all aspects. Factors such as a user friendly blog design, easy to find and read information and your character as a blogger can affect the ultimate earning potential of your blog.
Also, ensure that you have:
An Advertising profile – This provides basic information of your site such as your readers’ demographics, your alexa rank, monthly visitors, banner ad prices, your google pagerank, number of feed subscribers and any other useful information for potential advertisers
A Serious Focus On Your Niche – Most advertisers only advertise within their niche. Its easier to attract advertisers when they see that you are focused
Build a Mailing List – Use AWeber or Mail Chimp to build your e-mail list or at least ensure that you have feedburner setup so that your readers can keep updated on your new content. This is the easiest method for contacting your dedicated readers when you are promoting a new affiliate product or service. You should have already built some trust with your subscribers and thus it will be easier for them to make a purchase from you.

Conclusion

Its pretty easy to start monetizing your blogging efforts; and the ideas above are guaranteed to give you a kick start in the right direction. Check out this list of the 30 Highest Earning Blogs on The Internet to get an idea of the potential of blogging and the simple techniques that are used to make a killing online.
What money making techniques have worked best for your blog? Which ideas are you excited to start trying. Please share with us in the comments, we would love to hear from you.