The first method is to save as much as you can.
That works but that’s not my style because it takes way to long – I’ll be a grandpa by the time I turned millionaire. Again, nothing’s wrong with that but I really want to spend the money I’ve made to reward myself – not just leave it to my next generation.
The other one is to find a medium that will ‘connect’ you with wealth as quickly as possible. I’ll talk more about this in a short while but I want to lay out the fundamentals first.
To become wealthy, it breaks down to 3 major components –
i. Your Mindset
You have to know how to think smart when you want to create wealth. There are plenty of books out there that will teach you this but one thing I want to point out is the knowledge of knowing how to invest on yourself to become wealthier. This is the only way how your wealth can sustain and grow.
ii. Your Attitude
Doesn’t require a genius to explain this to you – you got to have the right and positive attitude to be wealthy. For one, it’s really hard for someone to be wealthy if he doesn’t acts abundantly or have the drive to be wealthy.
iii. The System
Perhaps, a better word to use than ‘system’ is the ‘medium’. Now that you have the right mindset and attitude, you need a medium to connect you with wealth. You see, wealth IS already there, right in front of you to take. But there’s a missing gap in between you and wealth — which makes it impossible for you to reach it. The ‘medium’ is the invisible missing gap.
Pulling out the ideas from to the book I read, One Minute Millionaire, there are four powerful mediums that can make you wealthy.
- Real Estate
- Stocks
- Business
- Internet
All of them have one thing in common – they’re all using LEVERAGE.
Real Estate is leveraging on other people’s money (banks).Stocks is leveraging on the successes of other businesses.
Business is leveraging on other people’s time and effort (employees).Internet, which is my favorite leverages on many things including low cost (or zero), global reach and it’s ‘open’ 24 hours a day – even when you’re sleeping.
You’ve heard of ‘nothing down’ concept for real estate, right?
Well, that’s true to a CERTAIN EXTEND. I can share with you a real life example – I bought a million dollar property ‘nothing down’ by getting a loan from the bank. So every month, I’ll need to pay mortgage and the basis of ‘nothing down’ is to collect rental payment to pay for the mortgage. Theoretically, that’s true but in reality, I’m paying 4K a month because I couldn’t find people who want to rent it yet. 
So you could be in the same shoe and lose money. Not really a ‘nothing down’ right?
We could debate all day long that this is possible and I would agree with you. You could be a real estate guru but that’s NOT THE POINT.
With internet, it’s truly a ‘nothing down’. You could get started with almost zero cost to build a business. And if you flop, well, you did not lose any money.
One more thing I want to tell you about Wealth – it’s not as hard as it used to be. In this new age, people can make money easily with these mediums. So if you think it’s hard, you really need to reconfigure your mindset again to prosper.
I would appreciate your comment if you have found any value in today’s post. I read every comment personally so at the same time, I would get to know you.
Patric Chan
SuccessTrace.com
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thanks for sharing the info Mr Patric Chan,
been trying to be a successful IM, but still cant, maybe your article can help boosting my motivation level.
I agree. sounds so uncomplicated until u come to reconfiguring your mindset : ) aaaa!
Regards – to our Success!
Hi Patrick, This is also being taught to my business community and I agree with you. Thank you for sharing this.
how do you go about reconfiguring your mindset? i hope your article will teach me how to do that. thanks
i agree on the 4 powerful meduims and real estate is really the most effective and easy way of getting rich. I saw many real estate brokers who made it big but i am a real estate broker and i don\\\’t know why until now i can\\\’t make myself richer i am just like on a pay check to pay check broker meaning i can close a deal but before another one comes my earnings are almost gone!what\\\’s wrong with me? i am workalic also what can i do to increase my sales and network?
Hello Patric,
I have read the One Minute Millionaire too and I agree it is a great book, I love the internet for the same reasons and believe we live in a great era to create wealth. I love reading your posts they always bring my focus back and re enforce what I have read in books, Sometimes I feel like I am doing this all alone. Thank You
Blessings
Sam
http://www.AutomaticLifestyle.com
Hi Emran,
You’re welcome. Sometimes, it’s not about ‘motivation’ but your inner drive to achieve success.
Hi Ana,
Good to hear you have the same thought.
Hi Uche,
To reconfigure your mindset will depends on your believe system, understanding your past and positive references you’ve aquire. I can’t answer this in an email but these 2 are the main ‘contributors’ for it.
Hi Ruby,
There’s nothing wrong with you but what others are doing different from you.
Hi Becca and Sam,
Thanks for your kind words.
Take care everyone…
Patric Chan
http://www.successtrace.com
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Patric thank you for this. It came at a time when I am wondering what to do next to start something online. it has been six years in the looking and so skeptical to start. I need your help.
Thanks for all information it helped me a lot
Thanks for the sharing, Patric! I’ve trying to move my internet business up, but still yet to achieve success. But I won’t give up, and will keep trying until I succeed. You’re the inspiration!
Hello! Please do not include me in charge.
Thank you!