Secret Of The Rich... Revealed!!

Lets start with a non-fiction story.

There is a man who walks his 2 dogs twice a day; once in the morning and once in the afternoon. This man seems to be an ordinary man in his early 60's with a home not too far from where I used to live. As I drive off to work in the morning, I would see him walk his dog and waive at me with a friendly smile. He lives in a decent size home and drives a not-so-expensive vehicle.  I've always wondered what he did for a living.  The emphasis is on "did" because I assume he is already retired. It took me about a year before I learned more about him.  About 3 years from living in the same street with him, he decided to hire me to sell one of his income (rental) property.  At this point, I got to know him much, much better.  I learned that he works from home as a trader of stocks and bonds.  I learned that he buys and sells stocks in hundreds of thousands of shares. I can't tell you guys more on his techniques (It is a secret), but my neighbor who walks his dogs twice a day is actually a multi-multi-millionaire.  From then on, I've enjoyed the conversations we had with regards to stocks, bonds, and mutual funds.  I've also enjoyed the life lessons he has shared with me on how he was able to accumulate great wealth. 

When I was in college studying Business and Psychology, I have always wondered how the rich become wealthy.  Do the rich really have any secret on how they accumulate wealth?   Is there a magic bullet where once you pull the trigger you will see instant result?  are often the questions that formulate in my mind.  

During the past 11 years, I've met many other millionaires like my neighbor because of Real Estate.  Some millionaire homes that I actually sold are valued at a million or more.  Because of selling millionaire homes, I was able to achieve the prestigious Certified Luxury Home Marketing Specialist designation in Real Estate.  I also became a member of the Millionaire Guild in Luxury Marketing.  I became the youngest Broker in the whole of Nevada, Las Vegas and Reno, ( I was 30) when I achieve this milestone.  There were also only 26 in the whole Nevada who received the Million Dollar Guild designation, and I was one of them. 

  What made my case a little different is that I own my own real estate company. No big franchises were backing me up to help sell my services.  Many times when I was marketing luxury homes, the owner would say "Never heard of your Company."  But through sheer will and salesmanship, I was able to convince some of them to give me a shot.  It was during these times that I learned a lot on how my clients accumulate great wealth.  They shared with me some of the secrets that made them become who they are today.  Although I would need to write a book to tell each and every lessons I learned from them, I decided to just share a few important tidbits on creating wealth (So you buy the book once it is released ;-).   Lets move on to 5 Secrets of the Rich.



Secret Of The Rich #1 :

THE RICH "OWNS" THEIR OWN BUSINESS

Duh!! Some of you might say.  Well, hear me out on this.  Are there not successful business owners? answer is YES.  Are there not so rich business owners, still the anwer is "YES."  So, what make millionaire business owners, well, Millionaires?  The answer is Passion to be #1 for their Business!!  Millionaire business owners that I've met have a system of positive, forming habits that they created to make their business grow.  They tinker with it, change it, and even reconstruct their system of doing business until it provide the results they have been looking for.  Even when they are already successful, they keep on working at their business system.  Some have called  this business system as "leverage." I've not talked to a millionaire that wasn't passionate to be the best on the Business that he/she is doing. 

Secret of the Rich #2:

THE RICH ARE NOT AFRAID TO TALK ABOUT "MONEY"

 

What I mean on this is the rich talk alot about their company, their business acquisitions, their investments, their network and net worth, and their vacations.  We are not talking about salaries, hourly pay, savings, and commissions.  To them, those talks are reserved for the middle-class and the not-so-middle class. To the Rich, Money is a subject as openly discussed as how everyone else would talk about the news or the weather.  If you talk to the Rich about news and current events, their mind will shut down and find another person they can talk to.  This is an over generalization on my part, but I hope you get my drift.

Secret of the Rich #3:

THE RICH BELIEVES IN PASSIVE INCOME

What is Passive Income to the Rich?  It is Income earned while they sleep, play golf, go on vacation, or eat dinner at an expensive restaurant.  Most middle class, and not-so-middle class people earn by working for a job, salary, or commission.  The Rich learned to earn by way of dividends, Cash Flow, Residuals, and Profits.  Did you see the difference?  The language of the rich is as different as their language of income.  The Rich clients that I served believed that working for a job, salary, or commission pay will never make anyone rich.  By the way, our Farmers Insurance Agency and my Moringa Health Network business provides money and teaching into the passive income territory.  If you are interested in joining me or  knowing more about earning business passive income, you may contact my office anytime or visit me at http://www.psychologyofselling.biz/.

Secret of the Rich  #4: 

THE SELF, NOT THE PRODUCT, MAKES THEM RICH.

A Rich person does not necessarily become rich because of a product they serve; they become rich because they "ARE THE PRODUCT" that get served.   Still confuse?  The rich are rich today because they have invested valuable time and energy in making themselves the ultimate product.  The rich people I met and become friends with are positive, enthusiastic, and has a student mentality to know how they can improve themselves. They read books, attend seminars, and talk with other rich people.  They don't stop because they are rich, but rather they keep going because they are rich.  The success of the product or service they deliver become successful because they find their perspective of themselves as successful. 

Secret of the Rich #5:  

THE RICH FAIL MORE TIMES THAN THE AVERAGE PERSON, BUT THEY COME BACK EVEN RICHER. 

Believe it or not, many rich person I've talked to lost a good portion of their wealth at one point, but they bounced back stronger.  As the saying goes, "The Bigger They Are, The Harder They Fall" does imply to the rich. However, that saying is incomplete.  The Rich has the saying "The Bigger They Are, The Harder They Fall, But We Rich Guys Become Even Richer After" best describe them more.  You see, the rich hate the word "Comfortable."  To them, this word kills the need to be Rich.  So, they take risk more than the middle-class person, fail, learn, then become more rich.  While others see the negative side of them losing wealth, they see themselves as going through the changes to create more wealth.

So, here are just a few fundamental differences on what makes a Rich person wealthy.  Of course, each millionaire have different ways on how they accumulate wealth, but the fundamentals on these 5 things are pretty much universal.  So, If you decide to become "less Comfortable" in pursuit of becoming rich, don't worry.  The path you are taking will bring positive result as long as you decide it will be.  Just Remember the Rich-Old Saying, "The Bigger They Are, The Harder They Fall, But We Rich Guys Become Even Richer After."

P.S. If you are interested in learning and starting your own passive income business, I do offer 2 business opportunity through our Farmers Insurance Producer Program and our Moringa Health Network Business Opportunity.  Farmers Insurance Producer Program are good for the Reno/Sparks Nevada Market, while my Moringa Health Network is good worldwide. My Office can be reached at 775-786-7778.  You can also email me at erwinsigua@yahoo.com "By working together, we attain more for each others business."---- Erwin