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Residual Millionaire

1:05 AM Posted by Seekers

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What’s it take to be a millionaire?

A friend shared some stats with me on what the equivalent of a residual millionaire is versus a “cash in the bank” millionaire.

It turns out that if you were to receive 7% per annum return on your investment, you would need to have $34,000 saved in an account to receive $200 per month. How many of us have $34,000 in a savings account earning 7% per annum?

Based on the same rate;

$500 per month would be = to $ 85,700 saved

$750 per month would be = to $ 128,500 saved

$1,000 per month would be = to $ 171,000 saved

$2,000 per month would be = to $ 342,000 saved

$5,000 per month would be = to $ 857,000 saved

$10,000 per month would be = to $1,714,000 saved

Less than $6,000 residual income is the equal to earning residual income on a million dollars cash in the bank. Well, I guess you could try and save the million! But I’m guessing that is not so easy for most of us.

So what does all this mean for you?

It means that a millionaire lifestyle has nothing to do with having a million dollars in the bank for starters! It also means that you are in a position now to begin building a residual income in the Mentors Club matrix that will give you that millionaire lifestyle. If you go to the Compensation plan page and work it out, you can produce an income of $22,000 per month from a $30 a month outlay (less than a dollar a day). And working with us, helping to benefactor two people each, this can happen fast.

Yes, we’d need to lock arms and work as a team, but that is no price to pay. My question to you is… what if it took you years to fill the matrix? And you retired on $22k a month? Would that be okay with you? What if it took you months or weeks?

What is $22,000 a month worth to you, based on the above? Well, you’d need to have over $3,500,000 invested at 7% per annum to achieve that sort of residual.

How bad do you want it? Are you ready to Lock Arms with a fast building team in Mentors Club now? Or would you like some more info from us. email us for more info.

thanks for being here …. and cheers to a millionaire lifestyle!

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Five Simple Reasons Most People Will Never Get Rich… and How To Make Sure You Do!

6:10 AM Posted by Seekers

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Sample Article from inside the Mentors Club site

written By Mike Litman and Jason Oman

What did I learn about getting rich by interviewing over 43 self-made millionaires? After interviewing one after another, I realized many of the secrets that make them rich while others continue to struggle. When you understand and do what self-made millionaires do, you get to become one of them. If you don’t understand and do what they do, you don’t get to become one. It’s really that simple.

Here are five simple reasons most people will never get rich and how to make sure you do:

Reason 1: Waiting to Start

Most people don’t want to wait for success. But, at the same time, they are willing to wait before getting started on the road to success. Do you see the problem here? The longer you wait to get started, the longer it will be before you get the money, success, and lifestyle you want. Many people are waiting for everything to be perfect before they get going. Therefore, they never get going and never get the rewards. No race has ever been won (or even finished) by someone who never left the starting line. Don’t wait to get going. Start today on the road to success.

Reason 2: Being Financially Illiterate

The cornerstone of all wealth is understanding the difference between assets and liabilities. The difference is this: Assets put money IN your pocket. Liabilities take money out of your pocket. Most people think their home, car, and other possessions are assets. But, the truth is that in most cases those things take money out of your pocket. They cost you money. They don’t make you money. Therefore, by the true definition above, those things are liabilities. They take money out of your pocket each month. When you have more money coming in from real assets than you have going out to pay for liabilities, you will be financially free.
There is only one way to do this. Which brings us to…

Reason 3: Focusing on Linear Income Instead of Passive Income

One of the millionaires I interviewed said it simply. He said, “If you’re not making money while you sleep, you’ll never be rich.” Linear income is what you get from a job. You work for an hour and get paid only one time for that one hour’s work That’s it. Passive income is when you work once but continue to get paid over and over again from work you’re no longer doing. Investing in or creating true assets that provide passive income for you is your ticket to wealth.

Reason 4: Not Understanding or Using Systems for Making Money

A system for making money is anything that allows you to make money without your own effort. In other words, it’s an automated way to make money. All true assets are simply “systems” of one sort or another. Once you create or invest in a proven system for making money, there is no limit to the money you can make. Becoming a master of money systems can bring you riches beyond your dreams.

Reason 5: Not Being Persistent or Patient Enough

To finish any race, you have to leave the starting line and follow through to the finish line. Most people create their own failure by either not getting started or not following through, or both. To get rich, successful, and happy you must have the patience and persistence to cross the finish line. You must not only get started, but also follow through. This may sound obvious, but it’s still the cause of most failure.

Only by joining the small percentage of people who are willing to do the five things mentioned above will you have the greatest chances for wealth and success. It’s really quite simple… Decide to do these things and you can get rich too. If you don’t do them, then - like most people - you may never get rich. Decide now to master the ideas mentioned above and begin your road to success now. Then follow through and watch the difference it makes.

© Copyright 2003 Conversations with Millionaires LLC
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All rights reserved. Mike Litman is the host of The World’s #1 Personal Development Radio Show and co-author of the #1 Bestseller Conversations with Millionaires. You can visit him at www.mikelitman.com.

See the details of Mentors Club and why luminaries such as Mike Litman choose to be involved with this system for making money.
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Mentors Club is New

11:35 PM Posted by Seekers

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Have you ever wanted to access a huge library of success. How about access to Mentors live on the phone? Mentors club is about success, making money, giving money to charities and raising money for great causes, churches etc.

This is a genuine opportunity to self improve, mentally, physically and financially.

We are offering a plan to accelerate growth and for further details ask that you email us.

For less than $1.00 per day, you can Join Mentors Club and begin to reap rewards mentally, physically and financially.

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