If you want to be rich, study success and nothing else

'Modelling'

You identify people who do things well, work out how they do it, and then copy them.

The easiest thing you can do is read a successful person's autobiography.

But if you are more resourceful, you'll get to meet and learn from these people directly.

It's a secret that's been around since civilisation began.
From Chinese martial arts to Renaissance painting, students have always learnt by emulating the masters.

This is your only short cut to success.

Model the successes of people you admire and learn from their mistakes.

These people are the ones who have done it all, and can give you invaluable advice on how to earn, keep and use money.

It's a price worth paying, no matter how outlandish the cost may seem at the time.

WHY MOST PEOPLE END UP WITH NO MONEY

Statisticians tell us that only around five per cent of people will retire independently wealthy.

This means that only five per cent of 65-year-olds can support themselves without government or family assistance !!


The simple answer is that most people have never been taught how to.

If you look a little closer, however, there is a very strong correlation between one type of education and wealth.

Those who have acquired wealth are all well educated in
the art of making money.

This 'education' wasn't acquired at a conventional school or university.

These people gained it at
the School of Wealth.

Rarely are these things talked about at our schools and universities.
Even some of the most highly regarded business courses skirt around the issue.

They teach students 'soft' skills, hoping that when they get out into the real world they'll be able to figure it out for themselves.

LEARN NO MATTER WHAT !

The average business person reads just one business book per year !

(And that 95 per cent of all business books bought are not read past the first chapter. )

It's not just books that are the problem—fewer than 12 per cent of business people attend any training programs in a given year.

So where do people get their sources of inspiration and new ideas?

The short answer is that in many cases they don't

They go on doing exactly what they did yesterday, hoping that things will miraculously get better.

This behaviour explains what makes average business people average.

Read business books, read summaries, read business magazines, listen to tapes of successful people, watch business videos, attend seminars, go out and see what your competitors are doing.

Get involved. Get educated—every day.

Affiliating - Web hosting

An Aussie Company -WebCentral offers an affiliate program. Worth looking at - or for similar programs overseas.

Becoming a WebCentral Partner effectively gives you the ability to create a world-class web hosting reseller service for your customers from scratch in a very short period of time, which has service offerings consistent with that of Australia's largest web hosting provider.

Whether you are targeting a specific vertical market or have a product with broad appeal, it makes sense to hand the responsibility for the infrastructure which underpins your application over to a managed hosting specialist you can trust, so you can focus on your core business. WebCentral's comprehensive range of managed services suitable to ASP's feature:

• Service level agreements - network and server uptime guarantees
• Comprehensive monitoring
• Rapid deployment
• 'On demand' capacity and scalability planning
• Modular solutions
• Professional infrastructure managed by a team of experts

Quote

Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. — William A. Ward

Teens making money

It seems that entrepreneurs are making money from the age of six!!

Lots of good tips on this page for making money for kids.
And really, can there be too many of these sites? Not a bad one to replicate with all the right tools.

Debt Management

• They seldom have significant debt
• They avoid late charges & bank fees
• They use debt to increase their wealth
• They seldom carry debt for long

Wealthy people seldom have any significant debt. If they are still young, they may have a mortgage on their home (which they are focused on paying down), but they generally will try to avoid the extra cost of financing anything else. They will generally concoct a plan to accumulate most, if not all, of the cost of a car, vacation, home-improvement project, or other such expense ahead of time so that the extra costs of financing can be minimized.

People who are focused on accumulating wealth also avoid late charges and bank fees on bills, credit cards, ATM withdrawals, and the like. Late charges and extra fees are often invisible depleters of wealth. Who ever thinks that a $1 ATM fee or a $5 late charge on a utility bill will ever amount to anything? Wealthy people do. They know that $10 per month in extra fees from the time you start work (let’s say at age twenty-three) until you retire at age sixty-five can amount to over $30,000!
(from an article by B&J Lane)
In fact, just about the only time a rich person will use debt is when the convenience or leverage it provides has the ability to increase their wealth. Wealthy business owners will borrow money to start or grow businesses in order to increase their return on invested money, as the interest on the loan is a deductible business expense.

Other wealthy folks will use debt over a short time to take advantage of an investment opportunity, or in order to purchase something now at a more convenient price. They will seldom carry the debt for long, however, and are very careful to calculate the added financing cost into the total cost of their purchase.

Not everyone, especially new wealth builders, will be able to avoid all debt all the time, but you can assess your own debt, the cost of that debt, and what adjustments need to be made to build wealth.

Supply and Demand

(from "The Wealth Formula by B &J Lane)

Most wealthy people are frugal—to some degree—but not all are penny pinchers. Frugality is the natural byproduct of being focused on a goal, almost like the successful dieter who can avoid overdoing it on the treats they used to crave. The successful wealth builder has learned to direct their money toward what they truly value.

Wealth building has two sides to it—the supply side—your ability to make money—and the demand side—your expenses. We call this the “wealth formula.” The wealth formula is the key to building wealth. Anybody can become rich by discovering their own wealth formula, and managing both the supply and demand side of their finances. Once you know where your control lies, you will be able to create your plan for wealth.