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Finding Focus Through Our Natural Talents

August 26, 2017 by  
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To continue with the theme of these past couple weeks, here are some more key traits of super successful people. And when I say successful, I mean in any part of a person’s life as well as financially.

A big part of being successful is being focused and staying focused. That is a super vital trait that all millionaires and multi-millionaires seem to possess. Finding Focus Through Our Natural Talents in his book, Outliers, makes the claim that anyone who spends 10,000 hours focused on one thing will be become the best or one of the best in the world.  I agree in part, but I also believe a person needs to look at themselves and determine what their natural abilities and strengths actually are. You can’t be great at everything, so it’s wise to look at ourselves and ask the question.  “What is it that I really want to do and become very successful at?”

Also, it’s important to ask yourself, “What do I love to do?”, because if you hate what you are doing there is a very strong possibility that you can’t and won’t stay focused on that thing that you would otherwise become super successful doing.

So, if you want to become highly successful in a chosen endeavor, you must first take a look at yourself and determine what you’re naturally good at and what you really love to do before you start setting goals to rise to the top.  I have noticed that all the millionaires and billionaires I’ve known have been very focused on making their business or investment work, becoming and staying profitable on their way to making millions of dollars. Granted, once they have arrived at the goals that they set for themselves their focus is usually diminished or starts to focus on something else.

In my own life and experience, I set a goal to make a million dollars by age 30. I had noticed that I was really good with numbers and had read how important this was in making a fortune. I also had a passion for negotiating and making deals. Those two natural talents gave me a great advantage, especially when, after researching different methods of making millions, I discovered that many millions have been made, starting from scratch, by the use of leverage on assets that can be fixed up and improved. That, combined with meeting my first of many mentors, led me to that first million dollars.

Wow. Did I ever stay focused! That’s all I thought about and all that I did and I kept that focus because I loved what I was doing. Yes, my focus has changed now and it’s more on tennis and helping others including trying to give back because so many people helped me along the way and I felt a need to pay it forward. I have so much gratitude. I’m working hard to have more of that great thing called “An Attitude of Gratitude”.

If you want super success or just want to add more to your current success, take a hard look at yourself to determine your natural talents and what you are or can become passionate about, then set some goals and get started! And don’t forget to pass it on to your kids, grandkids, friends and anyone you want to help.

 

Is Financial Freedom Worth It?

July 22, 2017 by  
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Many of us want to achieve something big or great, but before you can do this you must have a dream. Your starting point is a vision, a goal, whether you want to be a great artist or a great athlete or a great statesman. The same principal applies to financial success. One doesn’t just wake up one day and find oneself the richest person in the world. Success must be earned, which to most of us seems obvious but some folks just don’t get it.

The good news is that it can be earned and in a relatively short period of time. Knowing that makes the effort much more worthwhile and should encourage more people to dream big and set big goals.

HOW MUCH DO YOU NEED?

We all have difference wants and needs requiring different levels of income to feel financially free. Some people would require $10 or $20 million or more before they would consider themselves financially independent. Others would need only $500,00 or a million. Still others may need only $2,000 or $3000 more a month to be able to live as they wish.

What is financial freedom to you? How much income or net worth would you need before you would consider yourself financially free, having income that comes to you without much or any effort on your part? How much is enough to allow you to do exactly what you want to do, when you want to do it?

Finding that figure should be the first step toward reaching your new goal so set your goal and make it specific and, of course, write it down with a time frame or deadline.

IS IT REALLY WORTH THE EFFORT?

The next step is to decide whether or not the effort it will take to reach financial freedom will be worth it to you. You not only may have to work very hard and long but you may have to constantly defend, or chose not to defend, yourself against those who consider money to be bad and think you are just being greedy.

Of course, making lots of money can be either a good or bad thing, depending on what you do with it. Money has many powers. Money can free someone from drudgery and from feeling trapped doing a job that they hate. It can be, and usually is, a measuring stick, an indication of progress. It’s stored up industry. It is achievement and accomplishment made negotiable.

Aside from all the hard work and how having money is perceived, the most important consideration of all is the journey itself. At the very beginning you must ask yourself, “Am I willing to make the necessary sacrifices and take the necessary risks on the journey?” If the answer is no, you should reevaluate your reasons for wanting to make the journey in the first place.

Personally, I had many reasons as I set out on my journey to make many millions of dollars. I highly valued the great freedom of traveling the world and helping other people along the way and trying to truly make a difference. For me, the hard road that I had to go down was well worth all my efforts. But only you can decide for yourself if it’s worth the sacrifice and energy you’ll need to put into it.

A little footnote … if you already arrived at your financial goal, I would suggest you send this blog on to your kids or grandkids or someone that you think would really like to hit it big. Being an example and encouraging others is just one more thing that reaching your financial goals can do for yourself and others.

 

Bigger Rewards Than Money

July 8, 2017 by  
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It’s tons of fun making big money and it can help your life in so many ways. It not only allows you to live in a wonderful home, or even a mansion, but it gives you a chance to see the wonders of this great world of ours. On top of that, you can easily be a great giver to others including charities, struggling students, homeless people, and the sick.

Even with all these advantages, there are still other great rewards that supercharge your brain and give you big feelings of satisfaction, inner peace and happiness. And what would that be? Read the text message I recently received and I think you will see what reward I am talking about.

“Dear Mark: To me–now hold on big fella–you are a celebrity. It was such a privilege to have finally met you recently. I’ve wanted to do this for the 41 years that I’ve applied your basic fundamentals of real estate investment (coupled with my father’s teachings and influence with his rental property as a young boy) and learned and implemented from my first real estate book, HOW TO WAKE UP THE FINANCIAL GENIUS INSIDE YOU, in my year of marriage. It instilled confidence and was easy to understand. I’ve had “Fire in the Belly” ever since.

“That picture of you standing next to a Mercedes hood ornament screamed with success, at the time, in the advertisement of your book. I’ve had business mentors in my life, all unaware of the far and wide ripple of influence they’ve had in my life, unless I tell or have told them. And all of which were many years after the fact. You are one of those mentors that I’ve not had the opportunity to personally acknowledge and thank.

“So, thanks a million or better said, a few hundred million and even most likely, a billion times over. 🙂 How many millionaires/billionaires you created? I can’t imagine! Hopefully this created wealth has been used to parlay, edify and lift others in doing good things. It has for me. This is all I hope to do, as I attempt to keep all things in proper balance and perspective. You have blessed my family, me, and many other lives. Thank you most sincerely,

Scott C. Keller, CEO/President of Keller Investment Properties (KIP)”

I’m told that Scott’s net worth is well into the 9 digits and has been there for many years! So, I think you can probably guess how receiving this text made me feel and I sincerely hope you, the reader, are super financially successful and coach, help out, and teach others along the way! The feeling you get from doing so is as big a reward as the money, if not bigger.

SUPER MONEY MIRACLE

March 25, 2016 by  
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Ever wonder why many smart, hard working people end up making only $40,000, $50,000 or $60,000 a year while others who don’t seem to be any smarter or work any harder, make millions and even billions?  Years ago when I was advertising my first book, How to Wake Up the Financial Genius Inside You, I used as a tag line, “Millionaires are not 100 times smarter than you, they just know the wealth formula.” So, if you are making $50,000 dollars a year, that very rich person, who is no smarter and is not working any harder than you, could be making $5 million.

On last week’s blog, I just touched on the basics of this formula. So if you read it, you may remember that I told you if you go out and buy a property that needs fixing up with a 20% down payment, putting another 5% into the fix up, you could improve the value of that property by 15%. That 15% would equal a 60% return on your actual invested dollars. But just how does that happen?

The million-dollar miracle part of that simple example, which I and others have done may times over, is a matter of leverage. You see, you leveraged your 25% (your 20% down plus that 5% to fix the place up) which allowed you to borrow 75% of the money so you could acquire the property. But your return is on the total value of the house. In other words the 15% increase in value of the property would equal a 60% return on your down plus fix up cost. Then by doing basically the same thing again on another property, you would be doing what is known as ‘compounding your return’.

Now here is the shocking and exciting part of this thing called compounding. Are you sitting down? If you keep getting a leveraged return of 60% on your investments, you can start with just $4,000 and build that into $48 million dollars in just 20 years! Now that’s what I believe is a super money miracle.

It really is that simple. Mind you, I didn’t say easy, I said “simple”. You really have to work your buns off to first find the deals and then fix them up to a point that increases their value. I’ve made a 60% return on many, many properties. I have also received thousands of letters, emails and phone calls from people who have told me that by following what I have been doing for years, they have seen, not just 60% returns, but even 100%, 200% and more.

However, you will no doubt find, as I did, that it usually is easier to get those fat returns on smaller properties.  As you move into larger and larger properties it does become more difficult but it is not impossible to get high returns on your dollar there either. I had one $2 million deal that made me more than a 100% return and even a new $27 million deal that returned more that 60% on my invested dollar.

I hope that this kind of huge potential will motivate you to keep working on deals, even the small ones you’ll have in the beginning. Remember those baby steps are necessary and very important. They show you what you can do. Those huge numbers I spoke of don’t happen overnight and that can be discouraging. Just focus on your success and build on it as you go and just like compounded money, your compounded efforts will also build into huge returns for you!

After 37 years the same FINANCIAL FORMULA STILL WORKS

April 17, 2015 by  
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I was going through a bunch of old documents, notes, and papers the other day and came across the very first article ever written about me in the local newspaper.  The headline read “So Here’s How to Go About Making that First Million”. That was in the Salt Lake Tribune clear back on January 18, 1978

They quoted me as saying “…the best way to get rich with someone else’s money is through loans–mortgage and real estate loans.”

Now we fast forward 37 years and guess what?, That old method of getting rich, for most people, is still the best and most reliable way to make your first or second or fifth million. I did however get a big kick out of reading my example and some of the numbers of how you make a 100% return on a simple investment, such as a small house.  It was the small numbers that made me smile.  I had been quoted as saying:

“If you have $5,000 to put down on a $50,000 house and you borrow the other $45,000 to purchase the house, you can compound your investment by 100% if that house increases in value by $5,000 over one year”.

Most casual readers would quickly say or think, “Wait a minute, where can you find a house that you can buy for 50k?  They don’t exist anymore.” If you say that, of course you are right about finding a 50k house but that doesn’t mean the same formula used back then won’t work today.

That financial formula for great wealth is still the same today, but you do need to add something–simply a zero to each of the dollar numbers.  It’s the ratios that give you the 100% return on your money.  You are right if you are thinking that 10% increase in value won’t just happen by itself though. That is unless you are really lucky and we have 10% inflation in one year. But don’t count on that. However, you might be able to buy a house at a real bargain price then make cosmetic improvements which costs money and or your time and efforts but that may well increase the value by 10%.  Of course with the additional money you put to fix it, it may reduce your overall return to 50% or 75%.  But still, those kinds of returns will almost certainly make you a million or multi-millions over time.

Go ahead and google “compound table calculator” and see how quickly 50% or 75% returns increases $5,000 dollars into a million dollars! You may be shocked; especially what it turns into in 15 or 20 years.

 

 

 

 

The Story of a Millionaire Goal

February 6, 2015 by  
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Last week I posted the front page story that was written about me and my plight when I was a poor 21 year old and how that wonderful couple Phil and Addie DiBenedetto took me into their house and let me sleep in their basement even though they had just met me.  This all happened when I was working construction in Rockford Illinois back in 1965.  I was very lucky to meet the DiBenedettos not only because they gave me a place to stay and feed me for free as well but maybe even more importantly, they seemed to really believe in me.
Re-reading that article reminded me that even as a very young man I had set my sights on becoming a millionaire.  I must admit that I had a tough time staying focused on that huge million dollar number when I was physically working myself to the bone at a measly $4.50 an hour. I do remember that I tried very hard to make every single day count by continuing to search, in what little spare time I had, for the “million dollar secret”.

I don’t think the DiBenedettos, even though they believed in me, ever really thought I could reach the “millionaire status or level”.  In fact years later as quoted in the newspaper story when they visited me in Denver, Phil and Addie said they “still remember Haroldsen and his wife lived in a broken down house. Finally, the young man ended up in Salt Lake City, where he was eventually fired from his job and on his way to making his first million.”

I loved the next part of the newspaper story. “When Addie and Phil visited Haroldsen for the first time in Salt Lake City, they had no idea he had fulfilled his dream of becoming a wealthy man.” In fact they were even worried that I couldn’t afford the long distance calls that I had been making to them prior to their arrival.  The best part was how blown away they both were when I drove them through the gate and into the long driveway of my home. It wasn’t a huge mansion but it was close, with over three tree-lined acres surrounding it.  They were so very proud of me and I had always been so very grateful to them for their willingness to reach out and help a young man who needed a place to stay but even more so for their very kind, loving and friendly support of his dream.

Those 5,840 days (16 years) between my meeting the DiBenedettos and the publishing of that article, were used to search out and discover the financial formula that can lift an ordinary person from being a meager wage earner to being a millionaire and, yes, even a multi-millionaire.  What is the secret?

Well, first it’s setting your mind firmly on your goal and never giving up on your objective and then working your tail off–or I should say, working your brain off since physical work and an hourly wage will never get you to the big numbers.  Hitting millions and multi millions is done by using financial leverage and people leverage. If you are not sure what that is, you should go back and read some of my earlier blogs that address that specifically and in detail. The secrets are all here:

http://ignitemylifenow.com/2013/01/11/the-power-of-leverage-and-compounding/

http://ignitemylifenow.com/2014/06/14/the-final-step-to-wealth/

http://ignitemylifenow.com/2014/07/25/the-simple-wealth-formula/

http://ignitemylifenow.com/2014/11/07/leverage-to-lift-your-profits/

 

Learning From My Journey

May 17, 2014 by  
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Recently I met a young man who had some very big, big dreams for the future. I was quite impressed and fascinated by what he told me he was going to do with his life and, yes, I could easily see myself in him. Well, I had to go back 40 plus years in time to see myself in him but even back then, I too had huge dreams of success. As I listened to him, many sweet memories came back. Those years were such fun and exciting times. I gained both fame and fortune (even though the fame only lasted the traditional 15 minutes but it was great!)

This young man wanted me to give him some advice and help on a plan and formula that may have worked for me and might work for him. So basically I told him my road to riches story, about how I started with nothing but eventually found my fortune, far exceeding my wildest dreams. Back then my dream was to be a millionaire but I ended up with ‘multi’ in front of the word millionaire.

However, being a millionaire wasn’t my first goal. I had initially dreamed of being a NBA basketball star. I had led my American High School team from Ankara, Turkey to a come-from-behind finals victory in the Olympic stadium in Rome. I was on top of the mountain then and thought I could do anything but when I got to Utah State University on a scholarship and found myself sitting on the bench I realized I needed to alter my goals a bit. I went on to tell this young man that I quickly changed my thinking from basketball and broads to books on goal setting and fortune building. I became fixated on making a million dollars and wrote the goal down with a drop dead date—my 30th birthday. And I not only met that goal, I beat it.

So my advice to this kid was this–set a big goal or goals, write those goals down and then be sure to put a time deadline on those goals. I added that it’s also better to set goals around things that you love, like to do, and know you have some talent in.

The next thing I told him was about  the habit I had formed when I was only 19 years old, the habit of keeping a journal of my life and more importantly of my inner most thoughts, or as my dear friend of 50 plus years from my basketball days in Ankara says, “Journal your Journey”. I told this young man that those many journal entries over the years lead me to write a book that not only enhanced my own life but also pushed me to do more. That book gave me virtually instant fame and even added to my fortune. I was so blessed and lucky to eventually sell more than 2 million copies of my first book How to Wake Up the Financial Genius Inside You and that was just the beginning.

I will tell you next week, exactly what I told this young man to do. I’ll explain the ways to super charge and speed up one’s success path and even why he or you or most everyone who really wants to make a big impact on this thing called “human existence” should write a book. And, no, you don’t even have to have a literary agent or a publisher. Have you ever wanted to end up on the front page of the Wall Street Journal or be on the Today Show? Well, I did both and what I talk about next week can help you get there as well.