Hi Reader’s.  If you are self-employed, then creating more value will automatically translate into higher profits & income. However, as an employee, tripling the value you create is no use unless it translates into a higher price tag. Do not expect to get a promotion or a raise automatically. If bosses can help it, they would rather pay you much less than what you are worth. Most of the time, you must be proactive and ask for a raise. However, before you ask for double your pay, ensure that you have at least tripled your value! So you can be sure that if the answer is no, there will be a dozen headhunters waiting to pay you what you are now worth! Once you have created tremendous value, you can… 1) Ask for a pay increase Again, be confident that you are more than worth the increase! 2) Ask for a promotion & pay increase When you have demonstrated that you can create more profits, they will be happy to give you a senior management position 3) Ask for profit sharing If you are a value creator, you can confidently ask for this. 4) Ask for variable compensation People who prefer a fixed salary are generally those who are not confident about how much they are really worth. The trouble is, a fixed pay has got no upside. If you have the drive and confidence to create value, ask for a higher performance based compensation (even if it means a lower basic pay). Then you know that you have a huge upside. 5) Ask for stock or partnership Again, once shareholders can see that you are a value creator, they will want to do what it takes to keep you by giving you ownership. There you have it. 5 ways to immediately translate your value into more income. But what if the company you’re working for refuses to pay what you’re worth? Then leave! Because there are others out there you will pay handsomely for people who create tremendous value. Remember, your income will always reflect the amount of value you create. Start creating more value now!

You Could Be a Millionaire, Too

Have you caught yourself wishing for the stars that you could someday be a Millionaire, too?  Have you found yourself buying the lottery tickets everyday and waiting for the draw, only to be disappointed that your numbers didn’t make it?  The chances of becoming wealthy by wishing on a star or winning the lottery are very slim.

Some have wasted most of their lives awaiting that lucky streak to pass by their homes and grant them the millions they desire.  Lady luck is like that, it shows you her best side but she never enters your home.  Only a very few were fortunate enough to lead her in, but for the rest of the world, it is not worth it to spend a lifetime waiting for the visit that is never coming.

There are ways to get out of the rut you are in right now.  Start at the bottom, because when you find yourself at the bottom, the only other way to go is up.  Study and learn about the strategies that many successful men employ in their climb toward the ladder of success.  Remember, that it cannot be done overnight.  It is not a feat to be done today, and then expecting things to happen your way tomorrow just like that.

Becoming a Millionaire is a continuous process.  It takes years of learning, hard work and determination to get a glimpse of that gold at the end of the rainbow.  But the rewards would be more than worth the trouble of getting there.

Secret Weapons of Millionaires Do you have an aspiration to become very rich? Do you want to enjoy the good life that only a few are experiencing right now? Do you have what it takes to walk along the same roads taken by the most prominent and successful businessmen, celebrities and distinguished gentlemen out there? It is not an easy feat to join the leagues of the Millionaires, but it is not an impossible dream either. Surely they have a secret that they could share to everybody who are willing to listen and follow their advices. There are common characteristics that these men possess that helped them become what they are now. And you, too, could learn these traits and follow their leads. You then have the chance to achieve whatever you want to happen in your life. They said that Millionaires are self made men. They are those who were able to hone their abilities to their full potentials and use them for their personal advantage. They were not afraid to dream big and go after their big dreams. They couple their lofty ambitions with hard work, self-discipline, determination and persistence. They are also known for their patience, and decisiveness. They never lose focus of their goals. They look for excellence in themselves and require that same excellence in their associates. They have developed the talent to deal accordingly with people from all walks of life. They are mostly positive people, never taking failure as an option, but as a lesson to bring them nearer to the accomplishment of their undertakings.

Be specific on what you want in your life and you should learn how to make your life happier and motivated. But you don’t know what to do. Mostly you don’t set your goals and don’t know what you want to own in your life.

Many people are not successful simply because they don’t know what they want. To get what you want, you must first have a clear mindset. You must set your goals and commit yourself into a full effort to make things happen. Set the goal and dream every day about what you wanted to achieve. Spend some time alone to reflect on your life, think about your current job and financial status at that moment.

Are you in the correct direction? Are you happy with your current position and what you have achieved now? If you have a doubt, think about what haven’t achieved. What are you waiting for? Sit and think, open your mind and set a goal on specific time frame and dream, try to reach your goal, and always think positive.

Every beginning of the year you will feel really motivated and look forward to achieve something new. You might make a list of all your goals for the year, then place the list aside while you are busy with your life and carrier. Time flies and before you realize it, the year ends. As you are doing your annual spring cleaning, you come across a piece of paper and what you get to know is the list of goals you wrote down a year ago. You go through the list and discovered that you’ve yet to achieve a single one. Many people are going through the same process every year. It’s too late and you have to be strict with your goals and I am sure you can achieve it

Some individuals do obtain and come into contact with wealth at a certain point in their lives. Unfortunately, most people tend to be mistaken in their attitudes of being wealthy. Instead of using and building up what they have to their advantage, most of them tend to lose what they have acquired. Here are some examples that fall under the following categories.

1) The False Rich These are usually made up of professionals and corporate executives who earn a high income, but who spend just as much. They are the ones who drive the latest luxury cars, fly first class and dine at the finest restaurants. They appear rich and successful. However, the sad truth is that they are poor accumulators of wealth who have few positive cash flow assets. They roll their credit cards and have huge credit lines. Their bankers love them. As a result, they are usually just one to two paychecks away from being broke.

2) Those Who Inherited their Millions These are a bunch of lucky bums who did not have to break into sweat to earn their money. Such instant millionaires usually do not understand the value of money, as they never had to slog for their millions. And, as a result, they spend like there is no tomorrow. This is why it has been proven time and again that inherited wealth never lasts past the third generation. Those who strike the lottery also fall into this category. Because it was pure luck and not financial intelligence that thrust wealth on them, most of them tend to lose it all within a few years, ending up deeper in debt than ever before.

3) Highly Talented Celebrities These are the ones who earned their millions not because of their financial intelligence but because they were blessed with a spectacular talent in singing, acting or sports. Because millions come easily to these stars, they easily spend it all. Unfortunately for them, no matter how much they earn, many eventually wind up broke and in debt. Some sad examples are Mike Tyson, MC Hammer and Michael Jackson. Mike Tyson earned over $500 million over a few short years as the undisputed heavyweight champion. Because of his lavish lifestyle of luxury cars, huge mansions and Bengal Tigers, he ended up filing for bankruptcy. Pop star MC Hammer who sang the hit single ‘You can’t touch this’ made over $33 million in his career, but he too filed for bankruptcy. King of Pop Michael Jackson earned over $700 million in his illustrious career. However during his molestation trial, his accountant testified that he spent $20-$30 million more than he earns every year, took loans of more than $415 million and is facing a severe cash crunch, causing him to default on his loan payments. They are no end to stories of sports celebrities and movie stars who have earned hundreds of millions within a few short years and ended up broke and deeply in debt in an even shorter period of time. Why? Because lacking the ‘million-dollar mindset’, they could neither manage their money nor rein in their runaway expenses. Without having a solid understanding of the principles of wealth, one may never truly be wealthy.