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Insider's Know-How To Mail Order Riches
What with the millions of words printed every day about "How To
Achieve Success," why aren't there more new millionaires.
Basically, it's simply because the people reading this
"How-To" information don't understand what they read, or else just don't have
the drive it takes to put what they've read into action. In truth, it would seem that
everyone wants to "find out how to become rich," but the number of people with
the drive it takes to "work a plan," is few and far between.The Basics to
Getting Rich can be stated simply as follows:
1. You must control your investment. This is the key
to building a fortune from small capital. You have to have the ability and knowledge to
make the right moves at the right time, and above all, the innate talent it takes to
always land on your feet and never be wiped out, regardless of the setbacks you may
encounter.
2. You must know how and where to buy for next to
nothing - or produce a product from scratch - and sell at a tremendous profit. With this
ability, you can start with $100 or less, and sell it to someone else for much more than
you paid for it. Then do it again, and keep on doing it until you have enough money to
make substantial investments in other area where your money will grow and prosper.
3. You must buy things that appreciate in value. In
other words, learn to buy things that will grow in value as time goes on. Things such as
collectibles, land, precious metals and stones. Think of the multiplication factor: You
pay $10 for a copyright, sell 500 copies and you're off to a small fortune.
4. You've got to be choosy. Buy the original or pick
a limited field. For instance, if you buy written material, buy form the author; or if
you're into stamps or coins, work with just one country or type of coins/stamps.
5. You must become an expert in your field of selling
- know all there is to know about it. It takes time, effort, and energy, but the financial
rewards are worth it.
6. You must know how to work the tax shelters. In the
confiscatory tax economy we operate in today, anyone attempting to make important money
has to operate with every tax break he can get. There are many of them, and they can be
applied in different ways. Make friends with a good tax accountant; he'll be able to give
you many angles that you've probably never heard of. Be sure you take every advantage of
capital gains, investment credits, take part of your rent or house payment as an office
expense, as well as your car - get all you can. It's legal, and it's necessary if you're
going to build your capital.
7. You have to set goals and dedicate yourself to
attaining those goals. In just about any buy/sell program, you can set a rate of say 20%
net profit on each transaction, and work a five-time-a-year turnover. This will double
your capital each year. Now the net profit means just that - what is yours after all
expenses and taxes are paid - so you'll have to get about 35 to 40% markup on each cycle.
If you've done your homework and are really an expert in your field, you'll often be able
to make profits of 200% and more on a single transaction, because real buys will always
show up for the person with cash in hand. If you set a goal such as this, and follow this
system starting with $100, in 10-years you'll have over $50,000 in cash or it's
equivalent.
8. You have to learn to exercise patience. This is
the greatest attribute of a good hunter. In your field you'll be looking for bargains that
can quickly be resold for a substantial profit. You've got to learn the sources of the
items you want to sell, how to spot the bargains, and then have the persistence to allow
your investment to pay off for you.9. You have to learn what to do with
your riches. When your capital has grown beyond the needs of your operation, put it to
work. Get it into other investments that will produce more capital and even more income.
Pyramiding your investments will bring you all the money you can use.1
10. You have to learn to keep your mouth shut! The
man who has found a method of making money, who understands what it can mean, keeps his
mouth shut about it. That's why it's so ridiculous to assume that anyone would sell you a
sure thing gambling system for a couple of dollars. If it was a sure thing, he'd guard it
with his life. The thing is, keep your mouth shut and you'll save yourself a lot of grief
as well as competition.
If this sounds like a lot of oversimplified hogwash to you, then you're
still missing the boat. Most people are so wrapped up in their own efforts - their own
small little worlds - that the refuse to "picture and visualize" precisely how
an idea or a program can or could be worked to amass a fortune for themselves. Yet these
same people, when the mood hits them, will deal with the expert, buy from him, and pay him
for the knowledge they refuse to understand or believe. The opportunity is there; all it
needs is someone to grab it and run with it!
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