CNBC Millionaire Inside: Inspiration Reminder

Remeber that this Sunday CNBC will be airing the next in their series called: The Millionaire Inside, this week's topic is Inspiration.

For those of you who have not seen any of these shows yet be sure to check them out.

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Thirty Day Challenge
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For those of you who want to learn to make money online from experts for free check out www.thirtydaychallenge.com

I have done this competition for the last two years and it is awesome. You learn techniques from three experts who do this every year for free!

As a side note: For pet lovers, if you want four free pet books check out the members area of www.free-online-veterinarian-advice.com/askavet.html

Thanks

Luke

Make Your Finances Automatic

If you haven't automated your bill paying you really need to start doing this.

By using an online automated bill pay system you can make sure you never miss another bill due date again.

I have been doing this for several years already and have never missed a payment.

(late bill payments are a great way to ruin your credit score.)

Here is an example of how I handle bills I don't know the exact amount I will owe that month. For my credit card I normally pay the whole balance every month. But to be sure I don't miss at least paying the minimum requried I always pay $20 automatically everymonth. That way if I forget to pay the whole amount I am at least covered for the minium payment.

Thanks

Luke

$3000 in 30 days challenge results

Recently I decided to challenge myslef to earn $3000 in 30 in a new niche that I haven't tried before.

My rules were to only do article marketing (30 articels) and blog posts. The way I tried to earn money was through Adsense and Affiliate sales.

The results were dismal. I earned only $20. But I learned alot about article marketing and a new niche I haven't tried before.

I limited myself to not spend any money to advertise the site or set it up. Also I only limited myself to article marketing. I did not try any web 2.0 techniques which I have be having great success with my other websites.

I will provide more updates in the future.

Thanks,

Luke Blaise

CNBC Millionaire Inside: Debt

Last night CNBC aired a rerun of the Millionaire Inside episode about getting out of debt.

It wasn’t the best one in the series in my opinion because it goes over some very basic concepts and isn’t very inspiring.

There were four experts on stage as usual, two of them were David Back (Automatic Millionaire) and Robert Kyosaki (Rich Dad Poor Dad)

They did announce that on July 28th there will be a new Millionaire Inside episode, this time focused on Inspiration.

I think this future episode will be very good in terms of getting money making concepts go.

Remember to set your TIVO for the 28th.

Luke Blaise

Managing Wealth

Managing wealth can seem to be on overwhelming task but there are lots of resources available to you in order to help you. Also, managing wealth can mean different things to different people.

Congratulations for taking the time to learn about managing wealth. Most people struggle just to pay the bills and seem to just get by in life. But for some people they have worked hard in managing their money to get the wealth they deserve. So how to we manage wealth?

For some people when they think about managing their wealth they think about preserving their current level of worth. This can be easily done by many low risk investments like bonds and conservatively managed mutual funds.

Some advocates suggest that having an asset allocation divided into bonds, stocks, and real estate is best. They say that this diversification is important so you are protected from one sector’s volatility, but as the same time you are exposed to all market opportunities.

If managing your wealth yourself seems overwhelming there are many experts to help you. When interviewing someone to help you manage your wealth be sure to find someone who shares your philosophy and make sure you don’t hire the first person you interview.

Don’t be overwhelmed by the amount of information available to you, you have managed to gain enough assets to be concerned about managing them, which is point most people never reach.

By taking advantage to the wealth of knowledge on the internet and your local investment professional you can make managing your wealth easy.

Luke Blaise

Wealth Seminars

Wealth seminars are great learning tools. Most wealth seminars are offered for free in your area, but are actually sales pitches to buy more expensive training courses. If you know this in advance and come prepared to learn, you can get a wealth of information from these courses.

When going to a wealth seminar be sure to bring a note pad and a pencil to take down notes. Some people will give you a free pen and paper, but don’t rely on this. Also it is a good idea to sit in the front so people coming and going don’t get in the way.

Another good reason for sitting in the front is they almost always give stuff away, and it is easier to get free stuff if you sit in the front.

If there is a break it is a good idea to get up and go for a walk to get out of the seminar hall to prevent walking salesmen from coming up and talking to you. Wealth seminars can be great places to network with other people who have similar ambitions as yours. As other people how they are earning extra money. Maybe you could even find an investment partner.

Another good reason to go to these free wealth seminars is that they usually give away at least a few gifts just for coming so you will not leave empty handed.

If you come prepared for a wealth seminar and realize that they are sales pitches you will be able to get some good nuggets of information from them.

Luke Blaise

True Wealth

What is true wealth and how do we get it? It is easy to look up the definition of wealth in the dictionary but you need to define what true wealth is for yourself.

{Get true wealth here}

In the opinion of a lot of people true wealth means not having to work for money, and not having to worry about money. A lot of people say you shouldn’t work for money, and by that most people say that you shouldn’t be working for a paycheck.

A lot of people find it frustrating when people say they shouldn’t work for money, but then how do we get money in the first place? It does take work to make money. What your goal should be if you are after true wealth is cash machines that once set up and beginning to function can work for you even if you are not working.

These cash machines can be any business that you create, buy, or franchise. There are all different types of cash machines. One of the easiest ways to get your own cash machine up and running is to start a business that takes advantage of skills that you already know.

Most people say do what you love, but what if you don’t know what you love, or even worse you don’t know how to make money off of it. That is why you need to focus on a business that takes advantage of skills you already know to get money coming in faster.

Get started today on creating true wealth in your life. To do that you need to start working for yourself, at least part-time in the beginning.

Luke Blaise

Perfect Wealth Formula

HAPPY FOURTH OF JULY!

Is there a perfect wealth formula? If so what is it and is there a right one for everyone?

The perfect wealth formula does not exist, as you may have already found out. The wealthy are not keeping it a secret, and no one is hiding it from you. You have to find your own perfect wealth formula.

So how do we come up with your own perfect wealth formula? Through trial and error. There are lots of possible ways to get wealthy out there. The easiest way is to start your own business doing the same skills that you are getting paid for right now.

{Get Started On the Road To Wealth With Multiple Streams of Income}

Most people think doing what they love is the way to wealthy, and it can be, but it not the quickest way. Do what you know, and the money will come in faster.

One example of a perfect wealth formula that someone could use would be this: In year one start several websites and get them generating cash for you. Then in year two you can take the cash that you earned from these websites and use the money as a down payment on a rental property. Then in year three you take any equity you have in the house and use it as a down payment for a Laundromat.

There are over a million ways to become wealthy. It is hard to find the perfect wealth formula for yourself, which is why you should start looking right now.

Action is the key to becoming wealthy. Intelligence or education rarely have anything to do with who becomes wealthy, it usually comes down to action, not finding the perfect wealth formula.

Luke Blaise

A 5 Year Plan to Multiple Streams of Wealth

Wealth building can be great fun, but sometimes our plans don’t always go as planned, that is why starting multiple streams of income is a great idea.

Multiple streams of income simply means having several sources of cash coming in. These could sources of income could be from anything. These sources could be websites, real estate, and Laundromats. This list is huge.

You should try to add one more source of income to your life every year. For instance you could just focus on building cash producing websites this year, and then next year focus on buying your first piece of real estate.

By only focusing on one source of wealth per year you can devote the time needed to get your endeavor up and running before moving on to the next one.

Write up a five year plan and pick five streams of income you want to bring into your life. You can also piggyback some of them so you can get the next one up and running.

For example, in year you could spend earning money online and then at the end of year one use that money earned to put down towards your first income producing property. Then at the end of year two you could take any equity out of your house to put down towards a Laundromat. The ideas are endless.

Start today and come up with a 5 year plan. Everyone has fear when they first start wealth building, even the wealthy still have fear, but they have learned to act in spite of it. Start your 5 year multiple streams of wealth plan now!

Luke Blaise