Dear Millionare Seminar Participator,
Albert Einstein called it the law of compounding “ the 8th wonder of the universe. http://www.marketriders.com/law-of-compound-returns.
Our parents sent us to study music when we were children. Some of use stopped after a while (after about 100 hours). Some studied and practiced further and became musicians and or music teachers (After about 3000-5000 hours).and others that invested the 10000 hours became world famous musicians! The compounding of the investment in their practice catapulted them to success. How come? Because on the way, during those 10000 hours they became better and better and as a result they started to play in a band, or in an orchestra where they got even more experience and met better teachers and so on…..the difference between them and the ones that stopped playing music is now unbridgeable. The practice and experience of the professionals compounded!!!
How much money do you need to earn per hour in order to become a millionaire in 5 years? The mathematical answer is simple!!! 5000 quality hours multiplied by 200 Dollars per hour can make you a millionaire!!! Sounds hard 200 Dollar per hour? Don’t worry; you can do it I will show you how: Important note – it is obvious that you can not do it with treatments!!!!
Good news – you can do it!!! Yes, you can if you remember and practice the law of compounding. To remind you: For example- in year 1 you invest 100 (Dollars), by the end of this year you will have 110. In year 2 you invest the 110. Stop. In year 2 you invest 110 Dollars which are more than you have invested in year 1. So, it is about investing more and more every year. If you stop investing you stop compounding!!!!
You aren’t alone – You as a business manager (Job), your business and your money (investment) are the ones that need to earn 200 Dollars per hour. It makes 67 Dollars per hour on average. That’s a relief isn’t it?
You as an investor- Investing your money in stocks or in bank safe savings start to compound on its own. The more you invest the more it will compound.
You as a business manager – You should start working on commission. The more your business earns the more you should pay yourself. Your role should immediately change. Instead of just doing treatments you should be concentrating in making your business more profitable so that your salary will increase. Having more salary means having more free money to invest and compound.
Your business – The more profitable your business becomes the more value it compounds. For example: if your business earns 50000 Dollars a year, the business value is about 100000 dollars, the more your business earns the more value it compounds. If in 5 years the earnings are documented and show an increase in earnings each year, the value not only compounds linearly but exponentially.
So, yes, all together compounding exponentially can make you reach the 67 Dollars per hour in the coming 5-7 years (You, You money and your business), or, result in having a valuable business plus cash for the total amount of 1 million dollars in value.
Summary-
- Millionaires or even billionaires weren’t necessarily born talented but people that mastered their profession for at least 100000 hours, the difference between them and others compounded and by then became enormous.
- Millionaires took advantage of their location and maximized the opportunities to be found in their natural surroundings.
- Millionaires invest more each year than in the previous year and by doing so they manage to compound more than the average person.
- Millionaires have a clear view about their earning needs per hour and focus on meeting this earning requirement per hour. They don’t take jobs unless this earning per hour criteria is met.
- Millionaires work (not go to work) at least 70 hours per week.
- Millionaires are people who think positively and believe that they were born in the right time to become millionaires and go for it.
7 Practical steps:
- Read the book “outliers” http://www.amazon.com/Outliers-Story-Success-Malcolm-Gladwell/dp/0316017922
- Read the “law of compounding” http://www.marketriders.com/law-of-compound-returns
- Discipline your spending so that you can save as much as possible.
- Invest your free capital so that your money starts to compound earnings on its own.
- Practice strategies daily to increase the traffic to your business.
- Practice your sales techniques daily so that you make the most out of each sales meeting.
- Practice your customer management skills daily so that you continue to maintain loyal customers, send out post cards, greetings and promotional offers/letters to your best customers.
Happy Bionome good feelings Greetings
Avi Konigsberg
Tel:0049-2054-873904
Fax:0049-2054-873905
Cellular:0049-177-5798325
avi-konigsberg@theskincaremillionaire.com
www.theskincaremillionaire.com
www.dr-baumann.com
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Millionaires or even billionaires weren’t necessarily born talented but people that mastered their profession for at least 100000 hours, the difference between them and others compounded and by then became enormous and unbridgeable.
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