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Friday, January 09, 2009

How do you make your first million dollars if you do not even know where to start?



1) Do not get yourself in debt !



What better way to get you distracted from goals and plans laid out than being in debt?

Make it a point to know exactly how much money you have after taking into consideration how much you owe. Many people would rather not know the exact figures for the fear of know how deeply in debt they are.

2) Learn to sell something.


Face the truth, when you go out and buy a meal or clothes, you are forking out money you have earned. When it come to earning money, the most fundamental way is to sell something or provide a service.
If you know how to clinch the deal, you will be able to succeed in any form of business. You got to learn to sell a product or provide a service and make it exclusive. You will have to learn how to manage your finances, learn how to read numbers and calculate your profits and losses.

You MUST have a clear idea of how much you own and be very good at managing your own money. Because if you cannot manage your own personal cash flow, starting an empire would be near impossible. You have to learn to make the Change in the way you work!

3) Dare to take the first step.


Any journey starts off with the first step right? By this I mean actually identifying what you would like to do, tell me what is your dream job, your passion and how would you want to see yourself 1-5 years from this moment.

Remember the last time you have so much passion in a certain sport, computer game, activity, hobby or craft that it meant that you would have to perfect the skill or craft…. that you ate, drink, slept, played the passion?
4) Never never give up.


Do not accept fate when faced with adversity or failure.
When you meet failure, do not give up. I am sure you have heard of many millionaires who have failed umpteen times before gaining success, well… the difference between them and normal people is that they NEVER …EVER… give up. Not such a big secret now huh?

Things to do for excellent time management:

1. Plan your day out.
Know where you are headed, time it takes to complete a task and your rest time as well.
2. Have a To-Do list.
There is no simpler way to have a clear aerial view of a list of tasks you have planned out than a to-do list. Along with check boxes which can be ticked when the tasked is completed.
3. Set priorities.
Naturally there is a hierarchy of things-to-do importance. Do a note of the priority of the task and try to complete the more important ones first. This way you keep well organized and more important thing will get done first.

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