So you want to get rich??? :-D

[Merlin]

Well... you're not alone. Most human beings thought of acquiring financial freedom at one point (or many ) in their lives.

Most of you know that my LOA research started in 1991-92 but not everyone know that in fact, prior to that, it all started with a research on FREEDOM to basically do whatever I want whenever I want.

No matter which job I had or how much it paid, I was never quite satisfied because I always wanted to travel and be free but I quickly realized that to be TOTALLY FREE, you need to have 2 things...

1- TIME

2- MONEY

Having just 1 won't cut it.

I call this the "3-Door Principle".

Door #1 (Being Unemployed): You have TIME to do what you want but do not have the MONEY to do it.

Door #2 (Having a Job): You have MONEY to do (almost) what you want but do not have the TIME to do it because of your job.

So obviously, I needed to find a Door #3 even though I didn't know if one existed but I quickly realized that being on welfare or having a job was leading nowhere so I had to do more research here.

It didn't take long to figure out that this Door #3 was SELF-EMPLOYED because it gives you BOTH Time and Money.

So to be totally free, it looks like I had to place my focus on getting money. Oh well, if that's the way it's got to be then so be it.

This led me to the book Think & Grow Rich by Napoleon Hill which basically told me that money is not something you have to work hard and chase but that we must attract it by shifting our beliefs in our Subconscious Mind.

This being said, you just can't sit on your ass all day and hope that some FedEx guy will knock on your door and give you a box full of money.

You will still need to attract a method (aka Rocket) that will help you attract money so back then I started doing research on methods that would make me money and this is what I found.

Basically I found that you can become wealthy using 5 methods...

1- Luck: (Lottery, Casino, Finding a Treasure Chest, etc).

I asked myself will you win money 1 of these ways? hehehe HELL NO... NEEXXXXT.

2- Illegal: (Robbing banks, drug dealing, etc..)

I don't want to go to prison or end up with a bullet between the eyes so NEEEXXT.

3- Inheritance: (Getting millions from an old dead uncle).

Could it happen? Yeah. Will it happen to ME? HELL NO... NEEEXXXT.

4- Investment: (I'm talking about Long term investment here where you become a millionaire in 50 years by saving $100 every month of your life).

it could work but I don't have the patience for this.

5- Business:

Believe or not, 85% of ALL the millionaires acquired their fortune using this method. Basically all you have to do is buy a product (TV, chair, Stock, ebook, etc) at a low price and then resell it at a higher price.

Now there are 2 ways to do that.

1- The OLD way (selling products in a real physical store).

2- The NEW way which is to sell digital goods over the net.

The old way suck because it costs an arm and a leg to find a location and open the store with all the products paid for when you don't even know if you will be able to resell them. You also have to wait and wait until a client opens the door and buys your stuff and THAT sucks because you don't control your sales.

The new way is a little bit better because of the low startup costs. Today, you can build a website for free online or pay $500 to get a nice one designed for you.

With digital products, you don't need any inventory and can send your stuff instantly via the internet for free BUT you still have to wait and wait that clients visits your website and click the buy button so here too, you do not have any control over when your sales will occur.

On top of that, you still have to figure out WHICH product you want to buy and resell and learn how to convince people to buy them which is not always obvious for everyone.

Needless to say, when I discovered the Stock Market and direct access to your trading account so that you can see the stock charts go up and down live in your bedroom in your underwear and just need to click the BUY or SELL buttons to make a sale, I was "sold".

I fell in love with it. It would be THE way for me to get into this "Business World" without having to knock on doors and pray that people buy my products.

Here, you click the "BUY" button and INSTANTLY you have bought a stock or share from someone who wanted to sell theirs and when you click "SELL", you sold that same stock to somebody around the planet who decided to buy it from you so basically, the sale happened WHEN YOU WANTED THE SALE TO OCCUR.

Yeah baby.

So you control the TIME and also the QUANTITY of products (shares) you want to sell and how much profit you want to aim for.

It doesn't get any better than this. It's the ultimate business hands down.

Now you can do your own research on wealth if you want but chances are, I am pretty sure you will arrive at this business category and you will have a decision to make like which products (physical or digital) you want to buy and sell and chances are, you will also want to have some type of business where YOU control when the sales occur to avoid waiting for clients to come in and buy.

I found the Stock Market, maybe there are other types of similar businesses out there where you control how many sales you want to make today but I haven't found any. Good luck on that research and let me know if you find any.

Hope You liked.

Cheers,

Merlin

[MonsterLord]

Real story - my mother has a friend and her husband netted 5$ million in sports lottery.

Most likely the limiting beliefs of the guy were near zero.

[xcfastdude]

Here's what my plan is so far. I want to make a good amount of money from fantasy football/baseball. There's some big money tournaments coming up, with 1st place prizes of up to 2 million. I'd use some of my winnings from that to invest in forex trading, so that I get a good amount of income coming in without really doing anything(once Merlin gets his system rocking and rolling of course). Then live off of that.
What do you guys think?

[Merlin]

Real story - my mother has a friend and her husband netted 5$ million in sports lottery.

Yeah sure and there are MANY people each week winning the lottery and coming out of casinos with pockets full of money but again this is the LUCK category.

Can it happen? Of course.

Will it happen to YOU? hehe suuuuuuuuure.

I prefer something solid than just luck.

Merlin

[MonsterLord]

Real story - my mother has a friend and her husband netted 5$ million in sports lottery.

Yeah sure and there are MANY people each week winning the lottery and coming out of casinos with pockets full of money but again this is the LUCK category.

Can it happen? Of course.

Will it happen to YOU? hehe suuuuuuuuure.

I prefer something solid then just luck.

Merlin

I am just laying the example there. But yeah you are right, you must go for something you can believe (consciously AND subconsciously) you can do.

[Merlin]

Here's what my plan is so far. I want to make a good amount of money from fantasy football/baseball.

Yeah it could work. It is still a business though. You will use your knowledge to extract money from this. It's similar to my trading system. Those who think trading is luck just don't know what they are talking about.

The goal is to buy low (ex: place a small bet on football/baseball) and extract a profit at the end of the day.

The only problem I see with this is that it will take your time if you don't boost the amount to become a millionaire. It reminded me of my MT NAP to predict the roulette. EVEN if it worked, I would have had to go to the casino once a week or so and win a few 1000s over a long day of betting to avoid any attention so basically, you just replaced your boring 9 to 5 job with another job that's a little more fun but you do not have full control over your time.

To be totally free you need A TON of $$$.

TIME doesn't give you MONEY but MONEY gives you TIME because with money, you can leave your job and then you become TOTALLY FREE to do what you want when you want to.

Cheers,

Merlin

[James Sawyer]

The only problem I see with this is that it will take your time if you don't boost the amount to become a millionaire. It reminded me of my MT NAP to predict the roulette. EVEN if it worked, I would have had to go to the casino once a week or so and win a few 1000s over a long day of betting to avoid any attention so basically, you just replaced your boring 9 to 5 job with another job that's a little more fun but you do not have full control over your time.

And instead of a little more fun, some entrepreneurial endeavours such as freelancing or subcontracting offer some hope of control but hardly any. Instead of one boss (your employer), you end up with multiple bosses (clients). It can be dreadful with such low returns on time and knowledge investment. And you're really much further from the FREEDOM of money that works for you than with a regular 9-5 (which are really more like 8-6 ).

The key to financial freedom, I think, is to avoid liquidating your life minutes and hours for bare survival. And this bare survival includes the so-called middle class life with its tens of thousands of dollars in debts and mortgages.

[xcfastdude]

Shoot I just want to not work retail ever again
It freakin sucks I tell ya.

I actually wouldn't mind working, but it'd have to be a job I love and would look forward to doing every day, regardless of the pay. My ultimate dream is to make a good amount of money off of fantasy sports, then use that money so I don't have to work while going to college. I'd get totally involved in the journalism club and build connections that I can use to be able to work for a sports team as a sports writer or reporter.

However, I would want to also have investments set up as to where I'm making money without doing anything. That way I have way more than enough money in case I want to take time off, or if I get fired or something. That way I have absolutely no pressure to ever have a job and if I do work, it's because it's something I love doing and not because I need to in order to pay the bills. And the salary wouldn't matter either because I love the job and don't even need it in order to survive.

[Merlin]

And instead of a little more fun, some entrepreneurial endeavours such as freelancing or subcontracting offer some hope of control but hardly any. Instead of one boss (your employer), you end up with multiple bosses (clients). It can be dreadful with such low returns on time and knowledge investment. And you're really much further from the FREEDOM of money that works for you than with a regular 9-5 (which are really more like 8-6 ).

The key to financial freedom, I think, is to avoid liquidating your life minutes and hours for bare survival. And this bare survival includes the so-called middle class life with its tens of thousands of dollars in debts and mortgages.

Well, at least with delegation, you are much closer to your goal because at this level, you can train somebody (ex: shop manager) to tell your sub-contractors what you want and then take off while you let your manager the work of supervising the sub-contractors. You can always stay in touch with your manager on the road.

If you are using sub-contractors, then you are on the right path because this means that you can get MORE JOBS DONE PER HOUR this way unlike the typical 40-60 or so hours a single individual can work on his own.

Remember, you can ONLY sell 1 hour of your time per hour, you cannot sell your boss 2 hours of your time for every hour of the day so because of that, you are limited to just 40-60 or so hours per week but with a product, you can sell 1, 10 or even 1000 of them in one hour and if you delegate with sub-contractors, that's even better.

The MAIN goal in the end is to "multiply the amount of sales per hour". In trading, if we can sell 1,000 contracts or shares and make $100 per contract that day, then you have made yourself $1 Million and you don't need many of these days to totally stop working.

That was another main reason why I love the Stock Market because you don't have to hire other people, not only YOU can do the buying and selling part but when you get into the trading system business (or trading robots as we call them) then a whole new world opens in front of you where your PC can do the analysis and buying and selling job.

Merlin

[Merlin]

I actually wouldn't mind working, but it'd have to be a job I love and would look forward to doing every day, regardless of the pay.

Yes of course. All this talk about not working may sound like we are lazy but that's not the case here. You may work more hours under the hood of your car per week when you are on vacation because you are passionate about this than you are working at your job.

It's not about "not working", it's about doing the things that we love to do EVEN if it means "working" 60+ hours on our hobbies.

My ultimate goal is to solve this money cancer once and for all. I see money as a cancerous tumor that every human has and a job is like the chemotherapy that stops the tumor from growing.

You only realize that you have this money cancer when you lose your job and bills start to stack up. It's eating you alive when creditors are calling your to pay this or that or take your car or house, etc...

With a MASSIVE DOSE of money, you can kill this money cancer for good and then you don't need to think or talk about money anymore because now you have enough to pay for WHATEVER you want (new house, car, toy, etc...).

Many people will argue with me but the ONLY way for total freedom is through financial freedom. To me there is no other way around it.

Those who argue with me on that usually have money problems, are not free to travel and go wherever they want and have a 9 to 5 job that they hate and usually will tell me things like "well everybody works...".

If things go to plan, my trading system will give this financial freedom to MANY people in the next upcoming weeks.

This will be fun to watch.

Merlin