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BECOMING A MILLIONAIREShonda Mileswww.shondamiles.com
DISCLAIMER
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This is not a Get rich quick scheme.
I can’t guarantee your results.
This is strictly informational.
WELCOME
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How will your life be different once you are a millionaire?
What will you do with a million dollars?
Make a decision
The first corollary of the Law of Abundance is People become wealthy because they decide to become wealthy
The second corollary of this law is People are poor because they have not yet decided to become rich
Get 100% committed
YOU CAN BECOME A MILLIONAIRE
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“Every 60 seconds, someone in the world becomes a millionaire…There are literally millions of millionaires. Some of these millionaires took 60
years to accumulate that much wealth. Others took less than a minute.”
WHY AREN’T YOU RICH ALREADY?
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MAKE A LIST
THE LAW OF EXCHANGE
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Money is the medium through which people exchange their labor in the production of goods and services for
the goods and services of others.
THINK ABOUT IT
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How many books have you read about becoming a millionaire?
How many conferences have you attended on becoming a millionaire?
Make a decision
How many things have you done to become a millionaire? What steps have you taken to become a millionaire besides attending this webinar?
Do you deserve to become a millionaire?
What can you do right now that you haven’t done?
Why aren’t you already a millionaire
WHO AM I?
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Read hundreds of books on becoming a millionaires
Why am I qualified to give this talk?
Researched
Studied millionaires
MBA
GOAL
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Deadline
Get specific
Why
GOALS
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Millionaires think long term. Millionaires think about what will happen in 1 year, 5 year, 10 year, 15 year, 20 years form now. Where do you see yourself a year from now, where in 5, 10, 15, 20. If you haven’t
considered it now is the time. What are your hopes and dreams. Where do you see yourself? What would you like to do? Where would you like to go? Get busy thinking about your future. Don’t be like 97% of
America just wandering through life with no plan or goals they want to achieve. Make sure to write your goals down don’t just let them roll around in your head.
5Years
10Years
15Years
20Years
GOAL SETTING
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A Harvard Business study revealed remarkable statistics relating to goal setting and success
83% of the population does not have goals
14% have a plan in mind, but are unwritten goals
3% have goals written down
The study found that the 14% who have goals are 10 times more successful than those without goals. The 3% with written goals are 3 times more successful than the 14% with unwritten goals.
THINKING
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“Your invisible world becomes your visible world” Mark Anastasi Laptop Millionaire
The thinking that has brought you here will not take you to becoming a Millionaire
To change your life, you have to change your thinking
“All wealth is created with the human mind.”
“The difference between the rich and the poor is that the rich have learned to recognize the value of their thoughts”
THINKING
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"Your actions are determined by your thought patterns. When you think a certain way, you will act accordingly. "
"Your greatest war is fought in your mind; it’s where the greatest battles are won and lost." Pat Mesiti
"The first place change needs to happen is in your mind. Before you can become a millionaire, you need to develop the mindset of a millionaire." Pat Mesiti
"Your thoughts are the roots of your life. In order to change the fruit of your life, you first need to change the roots. " Pat Mesiti
MONEY
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Money = Value x Leverage
The third corollary of this law is The amount of money you earn is the measure of the value that others place on your contribution.
The fifth corollary of the Law of Exchange is To increase the amount of money you are getting out, you must increase the value of the work that you are putting in.
WHAT YOU CAN DO NOW?
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How about building a business around your unique personal experience so that you can help others solve similar problems in their lives?
THE LAW OF ABUNDANCE
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We live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition.
LIMITING BELIEFS
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What are my beliefs about money?
Do I believe I deserve it?
Am I sabotaging myself
If I believe I have something valuable to offer the world what’s keeping me from getting it?
“Whatever negative story you have told yourself in the past about money, it’s time to let it go.”
LEARNING
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Reading 4 hours a day
Automobile University
“Learn to work harder on yourself than you do on a job” Jim Rohn
Education Budget
Study, Learn, Take Action
Millionaires are readers and rightly so, since readers are leaders. Millionaires are knowledgeable in a variety of areas including Building relationships, Leadership, building teams, Sales and Negotiations. In order to earn more, you need to learn more.
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“Our experience has shown that most people have the capacity to double or triple their income just by consistently applying what they already know.
Despite this, people continue to chase new ideas thinking that the next idea is the one that will magically make it all better.”
(The 12 Week Year)
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● Time passes regardless of what you do. So you might as well spend the next 1, 3, 5, 10 years becoming a millionaire
● Make becoming a millionaire a priority● Devote a least the first two hours of your day to
becoming a millionaire
VALUE
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“Money is nothing but the measure of the value you create for other people.”
“What unique product or service would I like to provide that will be of massive value to the world?”
“How can I add value to the lives of others and most easily make money?”
“What will people pay for that I can easily and happily provide them with?”
“What would I love to create that people would love to give me money for?”
The first corollary of the Law of Exchange is Money is a measure of the value that people place on goods and services.
GIVING
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“If you keep your fist closed, no money can come out, but no money can come in either.”
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“One of the fastest ways to become wealthy is to solve other people’s problems or ease their difficulties.”
-- Gerry Robert The Millionaire Mindset --
LEVERAGE
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Massive leverage talking to hundreds of prospects at one time
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“What one attitude or habit can you eliminate right now that is hurting your ability to manifest a million dollars?”
“Whatever it is, commit to making that behavior a “must” instead of “maybe”. Then commit to stay on target until it
becomes part of your new habit pattern.”
LEARNING
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“To get paid the best, you must be the best”
“Your income can grow only the extent you do”
MULTIPLE STREAMS OF INCOME
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Real Estate Investing
Investments
Information Products
Online Business
Private Money Lender
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“You can make excuses or you can make money but you can’t do both.”
WHAT YOU MUST LEARN ALL YOU CAN ABOUT
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Sales
Leadership
Business
Negotiation
Money
Investing
Real Estate Investing
Trends
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Millionaires are knowledgeable about money/finances and investments. They read books about Finances and Investing. While they may pay someone to manage their portfolio, they have adequate knowledge about where their money is going. Learn about investing and investments. Get educated. Take investment seminars. Read at least one book a month on investing or Finances. Read Finance magazines such as Forbes, Money, Barron’s and
Wall Street Journal. Take a seminar on Money, Business or business or personal development.
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Assets - Liabilities
NETWORTH
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Network Networth
DREAM TEAM
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● Coach● Mastermind Group● Attorney● Board of Advisors● CPA● Financial Planner● Banker● Insurance Advisor● Investment Broker● Estate Planner● Risk Management consultant
CIRCLE OF INFLUENCE
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● “Did you know that your income is going to be very close to the average of the six people you spend the most time with?” Tom Corson Knowles
● In the Laptop Millionaire he explains “You become who you spend time with.”● Who are you spending time with?● Who are your six people?
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“For things to change you have to change”
CHANGE
-- Jim Rohn --
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Join a Mastermind GroupHe goes on to say “Analyze the record of any man who
has accumulated a great fortune, and many of those who have accumulated modest fortunes, and you will find
that they have either consciously or unconsciously employed the Master Mind principle.”
Hire a Coach
BELIEVE IN YOURSELF
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David J. Schwartz says in The Magic of Thinking Big, "Belief generates the power, skill, and energy needed to do something... The how-to-do-it always comes to the person who believes he can do it."
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Laptop Millionaire
PAY YOURSELF FIRST
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Live within your means
Cut expenses
Know your networth
GET CLEAR
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How much do you want to make?
By when?
How much time do you have to commit?
Why
Strengths
Weaknesses
Passions
Hobbies
What are most often complimented on
MAKE A LIST
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What can you do right now that if you did could make you a millionaire?
Try to come up with 50 things
ZIG ZIGLAR SELF TALK CARD
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Read everyday for the next year twice a day
http://www.ziglar.com/sites/www.ziglar.com/files/pdf/self_talk_2.pdf
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It works for you or against you
COMPOUND INTEREST
AFFIRMATIONS
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Everyday in everyway I am getting better and better
I am a millionaire
I like myself
I am positive
I am persistent
I am dependable
I am honest
ONE MILLION BROKEN DOWN
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1,000,000
Monthly $83,333
Weekly $19,231
Daily $2,747
Real Estate Wholesaling 100 deals x $10,000
Coaching $1,000 x 100 clients
Speaking $10,000 x 100
Information Product $997 x 1,003
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Real Estate Investing
REAL ESTATE WHOLESALING
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You put properties under contract with a contingency and focus on quickly selling the property for more money to other investors.
Real estate wholesaling is similar to flipping except that the time frame is much shorter and no repairs are made to the home before the wholesaler sells it. A real estate wholesaler contracts with a home seller, markets the home to his potential buyers, and then assigns the contract to the buyer.
The great thing about wholesaling real estate is that you don't take ownership of that property. There is no risk, and you can do it with little or no money down!
Essentially what a wholesaler does is find and buy a real estate property at a cheap price and then resell it to an investor. This investor is often another house flipper who will make all of the necessary renovations. What's great about wholesaling is that you yourself don't have to spend any money up front. The investor who you sell the property to will pay for the house on your behalf. You on the other hand, will receive a sum of money, sort of like a finders fee.
WEBINARS
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Lewis Howes
Pick a topic
Talk about it
Sell a program at the end of a content rich webinar
Use it to build authority
Use it to build your list
Have it transcribed into an ebook
Sell the audio as MP3 or MP4 on your website
Use it to promote other’s people’s products
WRITE A BOOK
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Write a book
Write a page a day
Record a book-Have someone transcribe it?
Read How to write 30 books in 30 days
PASSIVE INCOME
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“Work for passive income not earned income”
Jim Rohn says it this way “Profits are better than wages”
According to Foundr, the average millionaire has 7 sources of income
THINK ABOUT IT
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Outsource
Delegation
Leverage
Scaling
Systems
Passive Income
Focus
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START A BUSINESS
START A BUSINESS
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Online Business Learn about using Virtual Assistant Public Speaking
Coaching Consulting InfoPreneur
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“One of the fastest ways to become wealthy is to solve other people’s problems or ease their difficulties.”
-- Gerry Robert The Millionaire Mindset --
INFOPRENEUR
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Teleseminars
E books
Audio-mp3
Programs
Workbook
Videos
Webinars
ROUTINE
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Write down your goals daily
Get up Early
Save at least 10% of your income. As soon as possible do more
Do the most important thing 1st!
Work all day
Prioritze
Diversify
Build relationships
PLAN OF ACTION
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● Read four hours day● Listen to audio during your commute
regarding your area of expertise● Take a pen and paper everywhere you go● Hire a coach● Join a Mastermind Group● Start a business● Write down your goals daily● Visualize yourself becoming a millionaire● Don’t trade hours for dollars● Act as if you are a millionaire
READING LIST
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● I can make you Rich Paul McKenna● Laptop Millionaire Mark Anastasi● The Millionaire Mindset● Virtual Freedom● 10X Grant Cardone● One Minute Millionaire ● Think and Grow Rich Napoleon Hill● Eventual Millionaire Jaime Tardy
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Millionaire Mastermind Academy