Making Your First Million.pdf - Association of Net Entrepreneurs and ...

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Making Your First Million investor you've been. You take this and put it down as a deposit on a small commercial property. The rent (10% to 12% net) on this will repay the bank loan and interest in another ten years. At the end of the time you'll have a property worth $150,000 plus." "What? You mean it'll take me twenty years to make money? I think I'll stick to Lotto. It's a lot quicker than that." "Doug, you've already invested 15 years and ten thousand dollars into Lotto tickets and you're still broke." There is an easier way. You can be enormously successful in this life and you don't have to gamble or wait twenty years. But you will have to invest some serious effort into changing your thinking in order to tip the odds dramatically in your favour. Fortunately for you, most people are feckless. They mostly just go with the flow, chasing after the ball like third-graders, never thinking. Put in even a modest effort into outsmarting the game, by reading this book for example, and you're already ahead of 97% of the other players. This is a tremendous advantage to you. You have one of the greatest home-side advantages you can ever get: player apathy. It's not a case of playing hard to win, it's a case of out-thinking the game. When I set out in business twenty years ago, and I must admit I was lucky, I made 5 years take-home pay in the first 2 months. And it got better each year. To understand how to tip the odds in your favour you're going to have to understand . . . SiteSelling.com 6
Making Your First Million Chapter 2 - The Principles of Abundance Almost forty years ago an international conference of the world's leading economists, the Club of Rome, set out to produce the seminal text on the future, which they entitled The Limits to Growth. This was designed as a warning for the future, foretelling dire consequences for the earth. It was no 'Nostradamus Predicts'. It was a serious, empirically-based treatise on the future of the planet based upon the evidence available at the time. In 1960 it was apparent that by the 1990's the world would be plunged into chaos. Famine and shortages would have gripped the world's populations. We would have run out of oil and strategic materials. Prices for food and raw materials would skyrocket astronomically. Death and destruction would be the normal order of the day. Pretty heavy stuff. Yet what happened? Today, as we enter the new millennium the only thing still in short supply is love and goodwill. Oil is cheaper and more abundant today than bottled water, even with Iraq, the world's major producer embargoed. Commodities have never been cheaper or more abundant. Coal is now cheaper than sand. We have an over-abundance of food, enough food in fact, if evenly distributed to eliminate hunger and poverty. Things have never been cheaper. When I was a teenager it cost the equivalent in today's dollars of $20,000 for a television set and $50,000 for a return airfare to London. We are swamped in easily affordable material things, be they clothes, furniture, houses, cars, travel. New technologies have opened up whole worlds of opportunity not foreseeable in 1960. Yet the doomsayers persist: "We'll all be rooned." They point to the fact that we're dependent on finite fossil fuels and once that deck of cards tumbles we'll definitely all be rooned. Definitely. The problem with that kind of thinking is nobody can foretell the future. We live in a time of rapid, bewildering change. We think the only guide we have to where we're going is where we've been. If we use the rear-view mirror approach and extrapolate today's trends into tomorrow the one certainty is we'll be wrong. Tomorrow will be completely different from today. It may be better. It may be considerably worse. We don't know and we cannot predict even its broadest outline. Look at the changes since 1960. In forty years everything has changed. I drove past the house I grew up in recently. A new motorway sweeps past the door. I don't even recognize the suburb I grew up in. The road has been paved. The creek has been piped and built over. The baker no longer delivers with his horse and cart. The ice man has stopped calling. The refugees from the old countries, the Poms, the Italians and the Greeks have been replaced by the new wave of economic refugees, the Vietnamese, the Lebanese, the Turks. The working poor have become the working rich and moved on and have been replaced, and in another generation the cycle will repeat itself. There is not one job which remains the same. Not SiteSelling.com 7
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