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10/10/07 9:09 PM
Law of Attraction (37)
Science of Getting Rich (3)
Money (2)
Secret News (5)
Site Announcements (3)
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LOASGR.COM Articles (3)
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Money
LOASGR Blog

Where Should We Get Our Money?

09/06/07 07:52 PM
I just wanted to share something that was presented to me and everybody that attended the Bob Proctor event here in KL. He shared with us his take on where one should focus his/her efforts on generating income.

This very much reminded me about the time I first learnt Robert Kiyosaki's Cash Flow Quadrant. But Bob's take on it really added another dimension to this whole concept for me.

To re-cap, from Robert's teachings, I understood there were 4 ways an individual can earn income (legally, without winning the lottery or marrying into it). They are namely employment, self employment, business, and investment.

Now to be able to retire rich without having to trade time for it, one must have his/her income, come from either a business or investment. From this we can see that it would probably be best to start out with a business first, as investment usually requires some amount of financial backing to start. You can see this in the fact that 74% of those who were regarded as wealth, created it through a business of their own.

wealthy

Bob's version, has 3 strategies an individual earns income. These include employment, investment, and lastly multiple streams of income.

No guesses , where Bob has created his wealth. It is through multiple streams of income. He told us during his talk that he had so many different sources of income, he has had to get somebody, whose job it is, to keep track of all the sources of income.

Now, not all these streams are of the same size. Some are smaller and others bigger. The point is to have lots of it, such that even if you just had small streams of income, the accumulation of which, would create you tremendous wealth.

multiplestreams


With Bob's addition, I have been able to appreciate the concept of income generation to a new level. I have known that business was the way to go. But now my awareness has grown. To accept that we shouldn't just stop at one business. We should aim for several.

I already have a business of my own. But what I like best about The SGR Program is that it allows me to generate a new stream if income. One that doesn't take too much time. Which allows me to explore other opportunities to develop other streams of income.

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Tags: Money, MSI, SGR Program, Bob Proctor, Robert Kiyosaki, Wealth Creation, My Thoughts, Secret Teachers, Law of Attraction

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Why Focus On Money First?

09/06/07 07:51 PM
The Law of Attraction as explained in The Secret teaches how you can have, be and do whatever you want in life. So why focus on money?

Money on its own is neither good nor bad. It is a means to an end. However, there is an urgent need for teaching the laws of creating money to the world.

Take any group of 100 people at the start of their working career and follow them for 40 years until they reach retirement age and here's what you'll find, according to the Social Security Administration:

  • Only 1 will be wealthy

  • 4 will be financially secure

  • 5 will continue working, not because they want to but because they have to

  • 36 will be dead

  • 54 will be dead broke - dependent on the meager Social Security checks, relatives, friends and even charity for a minimum standard of living

That's 5% successful, 95% unsuccessful.

These, of course, are US statistics. In the rest of the world, especially the developing world, the situation is far worse.

It is an unfortunate truth, but, the lack of money in an individual's life, limits that person from living his/her life to its fullest potential.

Note that I am not suggesting in any way that greed and the hoarding of money is any complete solution. As financial freedom is only one of many factors to truly create a wealthy life. In my mind there needs to be a harmonious balance between the below factors to be wealthy:


  • Finance and Career

  • Physical Health

  • Emotional Stability

  • Social Friendships

  • Love

  • Spirituality


But given the statistics above, as a starting point, educating people about creating money is of chief importance. And I am not talking about the kind of education we would normally get via High School, University, or Graduate School education. If that were the case, we would definitely see different statistics.

Sharing and showing people specialized education on how successful and rich people, and on how they got that was is key. By teaching and helping people to create money, it provides them options and the ability to develop the remaining areas of an individuals' life to create true wealth.

With The SGR Program, I know that we will be able to accomplish, not only the task of educating people about creating wealth. But also provide people with an easy and practical way to create income through its affiliate program. It all starts by just sharing this information with others.

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Tags: Money, SGR Program, The Secret, Wealth Creation, My Thoughts, Law of Attraction

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