Are you Ready to be a Millionaire?

There are 3 ways to be a Millionaire

There are 3 ways to be a Millionaire. Businesses, Real Estate, and Paper. I was studying renowned Robert Kiyoski, this is what I learned. The Three Ways The Wealthy Get Rich and How to Be a Millionaire:

Businesses: Mind your own Business. Many people get the words 'business' and 'profession' confused. Your business is a company that you own, that has money working for you, Profession is when you work for your money. And you can slave day in and day out attached to this ball and chain of profession. Most times when people go to school to specialize in a skill they will become their skill. Such as if you study law, you become a lawyer, etc. But the wealthy and the business owners have freedom to use their skills at leisure. They invest in company's that fit their expertise. So I ask you now, what's your Business?

Robert talks about a speech that Ron Kroc did at a university. Spoke at a business course and all that. After his inspiring speech the students gracefully invite him out for beers after class. Ron Kroc accepts the invitation. Once at the bar surrounded by all these students, Ron Kroc leans forward and asks them "what business am I in?". They all laugh, and he smiles, and asks again, "what business am I in?" One student shouts out "well Ron, everyone knows your in the hamburger business!" Ron sits back on this smiling to himself, "your wrong, I franchise the hamburger business, but my business is really in Real Estate."

Real Estate: Liability or Asset? Most people have this perception skewed. An asset is anything that is residually making you money. A Liability is something that eats your money. Owning your own home is a liability, as you continuously put money into it, and it is not making you money in return. Oh sure, you may make profit if you sell it, and assuming the market corporates, but what about in the mean time? Your house is a Liability. Getting into Real Estate is the second most residually profitable ways to make money,as owning real estate is one of your strongest assets, but owning your own home is a liability. It's the difference of "are you working for your money, or is your money working for you"

Paper: This is said to be the easiest market to enter, because it takes little knowledge, and can make huge profit fast, but the problem is, is not enough people enter the stock trade with enough knowledge and can find themselves wiped out. First of all there's the point and shoot buy your stocks and hope it goes up, but if the economy crashes your whooped. But what you can do is buy these things called 'options' and your either 'call' or 'put'. These options are short burst of stock strategies lasts about a week and are considered to basically be an insurance on your stock. Options are generally cheaper than just buying stocks outright from the company, and you will buy your options in bulk bundles of '100s' you make a 'call' if you think your stock will go up, and you put if you feel the stock with go down. It can be quite confusing but really fun when you get into it.

So there again, are The Three Ways to be a Millionaire. If your serious about finding your own way to wealth as stated by Robert Kiyoski himself, one of the easiest, smartest and Least expensive ways to get out of the rat race and onto the fast-track is by starting your own business by using the vehicle of network marketing. Many people keep their J.O.Bs and start their new business on the side part time. With hard work and dedication, this can be one of the most flourishing sources of income. And believe me, there are many, many, many network marketing companies out there for you to look at and that you can get started in. What you want to look at is a company that teaches you and mentors you in your business success to ensure that you are taking the right steps to achieving your goals.

Are you Ready to be a Millionaire?

By: Samantha Kerik

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