The Lifestyle of a Self-Made Millionaire That You Never Know

When you look at television, you will notice that every rich people play a bad character, they are the bad guys who monopoly the whole market, they are the bad guys who show off with their luxury cars and stay in huge bungalow, they owned many companies, they spend lavishly, and they dine in the finest restaurant with expensive red wine.

Is this the real lifestyle of the rich? Not likely. In the real world, someone who is rich often live a frugal lifestyle. Self-made millionaires save and invest more than they spend. If you think that the lifestyle of a rich man is like what it is shown in the TV, then you are totally wrong. In his book, The Millionaire Next Door, the author Thomas Stanley carried out surveys on self-made millionaires, and he found that self-made millionaires live a frugal lifestyle and not like what you have seen on the TV.

So why there is a big difference and why rich people are frugal? The answer is simple, if you are spending lavishly without any consideration; you are not going to be rich. This is a common sense, if you spend all of your money without saving or putting them into investment, how are you going to grow all the money? You are going to lose money faster than you earn. That is why self-made millionaires are so frugal. They know that they have to save and invest their money instead of spending all of them.

For a lot of people, they thought that once they have the money, they can buy whatever they want and that will make them happy. While for self-made millionaires, their thinking is that, they must first be happy with what they are doing, and money will flow to them. So you see, there is a big different here. Poor or middle-class people thought that they can buy anything with money which makes them happy. In the opposite, self-made millionaires be happy with what they did first, usually their business and investment, then only money will follow.

Therefore, the first thing you need to learn if you want to be a millionaire, is to be frugal. Learn how to live a frugal lifestyle. Spending what you earn without consideration is a suicide. In fact, being rich is not about earning and spending, it is about saving and investing.

I’m not saying that self-made millionaires will not buy luxury items like sports cars. However, they will consider the decision strongly before they make the purchase. And the main difference is that they only buy luxury items with excess money after saving, investing and after they have achieved their targets.

So you must learn how to be frugal and live the happy lifestyle now. If you cannot learn how to be happy now, I don’t think that you will be happy even if you have all the money. Money is just the magnifying glass that magnifies your values. If you are someone who is generous, you will be more generous if you had the money. However, if you are someone who is greedy, you will be even greedier when you are rich.

So you see, money is just the magnifier that magnifies your values. That is why frugal people are rich, while those who spend lavishly, they are often broke. Hence, adopt the self-made millionaire lifestyle of frugality today if you truly desire to make millions of dollars and be a millionaire.


Landlords and Property Investors Should Be Looking at the Investment Opportunities of PRC Properties

What do the initials PRC mean to you as a landlord and property investor? Probably not an awful lot. However, these type of properties which can be found literally around every street corner in the UK are frequently available at up to 50% below the market value of similar properties in the area. PRC properties therefore represent a potential golden investment opportunity for shrewd property investors.

PRC Properties
The initials PRC actually refer to the fact that these properties were constructed from Pre-cast Reinforced Concrete panels. Many thousands of these types of houses were constructed in the 1940’s and 1950’s across the UK to cope with the massive need for homes after the war. They were built from pre-fabricated panels and were constructed in this way because house building materials and craftsmen after the war were in short supply.

PRC homes offer generous family accommodation and gardens and were very popular with their original Local Authority tenants.

PRC problems
The problems relating to these buildings came about in the early 1980’s. Tenants had been buying these properties under the Right To Buy scheme. When it became apparent that these temporary structures were deteriorating due to the cracking of the concrete panels from which they were constructed. Building societies, banks and other mortgage companies would no longer lend on these properties, which became classified as defective making them un-sale-able for those tenants who had already purchased them. The government responded by stepping in and offering to buy the properties back or fund their structural repair to the tune of 90-95%. This funding which saw many of the PRC properties repaired has now ceased.

Once repaired it is often difficult to distinguish these properties from houses of a typical brick construction because part of the process involves re-cladding them with a brick skin.

Investment opportunity for landlords
All this is well and good but where is the property investment opportunity for landlords?

The opportunities are in several forms. Firstly, there are still unrepaired PRC properties that come to the market. These properties because they are unmortgageable will sell at prices 50% below the value of equivalent repaired or traditional construction buildings. Therefore property investors can pick up an unrepaired property which are frequently available at auction and then employ a specialist contractor to repair them. Repairs will involve removal of the redundant concrete pillars, blocks and internal beams and their replacement with traditional block and brick. In some cases the properties do not require the removal of the existing concrete structure. Instead they are best dealt with by treating the existing concrete to prevent any future corrosion and wrapping with new face brickwork.

Increasingly though notes David Nichols of PRC Homes UK Limited a specialist PRC consultancy he is coming across properties that have been repaired but where the original certification that proved that the work has been carried out has been lost or not received by the owner. The result is that these properties become un-mortgage-able in the resale market and therefore will sell normally at auction at a large discount to other similar properties. In this case landlords and property investors that identify these properties can then use PRC Homes UK Limited to put in place retrospective certification subject to proving that the repair is a recognised one. Once this is in place the property becomes mortgage-able potentially generating a large uplift in value for the property investor.

Where can I find them?
PRC properties are found throughout the UK and are particularly prevalent in areas which experienced heavy bomb damage during the war. Places such as Bristol, Southampton & Birmingham for example have high concentrations but PRC properties can be found around literally every street corner throughout the UK.

Once repaired, because of their generous size and location which is frequently suburban or semi rural locations, these properties are highly sort after and make ideal family rentals.

PRC properties frequently appear at auction, therefore landlords seeking to bag a bargain are best advised to start by searching their local auction rooms for these investment opportunities. Websites such as auction property for sale allows an investor to search auction rooms nationally for potential PRC properties. Having identified a potential investment opportunity, landlords will need to line up a specialist loan to purchase these un-mortgage-able properties. A property investor will then need advice about how to repair the PRC property or obtain retrospective certification that confirms the property has been correctly repaired. The landlord is then able to refinance the property by obtaining a traditional buy-to-let investment mortgage.

Dangers for unwary property investors and landlords
Property investors not familiar with PRC properties need to be wary warns David Nichols Director of the specialist consultancy PRC Homes UK Ltd. He recounts his experience with one investor he advised. The property investor and landlord had committed to purchase a PRC property at auction for £120,000 using his own funds. When the landlord applied for a buy-to-let mortgage the mortgage company’s surveyor requested the certificate showing that the property had been correctly repaired. This was not available which prevented the buy-to-let loan being approved. David Nichols then carried out an inspection on the PRC property for his client only to discover that the investment property had not been repaired at all and had just been re-skinned in brick. The result was the purchaser was faced with a repair bill of £40,000 meaning that the £120,000 purchase price no longer looked cheap.


Marketing Merge – Mike Klingler’s Marketing Merge Training – How it Helps Your Search Engine Ranking

The internet has changed radically in the last couple years from being just static websites- to an interactive forum where average people can easily now upload photos, post comments and add text onto a web site with relative ease. It has opened up a huge opportunity for millions of people to become social on the Internet as they can now easily share ideas, content, products, services, and interact in many ways.

This is what Social Marketing is- and the best of all, it’s free or very low cost exposure. It is a wonderful way to get yourself/products known and drive traffic to your website or blog.

Content sharing, Articles, Bookmarking, Social sites, Blogs and video are just some of the marketing techniques being used on thousands of social sites in the Web 2.0 environment.

Marketing Merge is a training programme for internet and network marketers run by Mike Klingler that teaches you where and how to put content up on the internet at various social site locations. You get to learn how to come up on the first page of the Search Engine Ranking.

I am one of Mike’s students, and in four short months I have gone from only being able to send emails- to coming up on Google’s first page for three of my keywords!

This is what I learned: To optimize search engine ranking, you need to have (1) keyword value in your content, and (2) a high number and quality of incoming links that are pointing at your article (link value).

Have Keyword value in your content:

1.1. Pay attention to what keywords or keyword phrases you are using in the title tag. (To find the right Keyword, think of your target market. What are hot topics for them? What solutions are they looking for when they type keywords into Google or Yahoo. The title tag is located at the top of the website (the title is next to the browser name, for example Mozilla Firefox). For the most part, you can influence what is put in the title tag, although sometimes you can’t or are somewhat limited in influence- depending on what page you are using to put your content up on.

For example, on Squidoo (a highly ranked Social Networking site),you choose the name of your url as well as the title for your article (which is then related to the title tag).

Remember-what you put in the title tag, hugely influences your search engine ranking.

1.2. It is also important what key words are in the content (articles) or video (description). Sprinkle these keyword phrases throughout the article properly. Think of your target market, choose hot topics that would be of interest to them…and put these words properly in your content. For example, Mike Klingler’s Marketing Merge (a unique internet training for network marketers and small business owners)- is a hot topic right now amongst network marketers who are learning to put their businesses online through the principles of attraction marketing. It is being typed in by a lot of network marketers. A good title tag if you were reviewing programme, would be: Marketing Merge: Mike Klingler’s Marketing Merge for Network Marketers. And, sprinkling the words Marketing Merge generously throughout your content will optimize your ranking.

1.3. Impact is also created by how often you use the word in your title tag and in your content. So, keyword density is important. So, in our example we use the keyword Marketing Merge twice in the title. We cleverly extend the title “Marketing Merge” by adding “Mike Klingler’s Marketing Merge for Network Marketers. One could then use “Marketing Merge Programme: A Review” as the subtitle.

1.4. Place keywords in priority locations (i.e. the title/subtitle/bold/italics) in the content. Search Engines look at certain places and place more priority there-on for e.g, headlines and subheadlines. Make them bold, underlined or italicized.

1.5. Focus on one main keyword and no more than two to three related sub category keywords. For example, our main keyword is Marketing Merge. The reader should see MarketingMerge in the content the most number of times of all the keywords (around ten times on average). This tells the Search Engines what this content is about. Do not pack too many different keywords into one content location, otherwise the Search Engines get confused (they don’t know what the focus is).

In our example, one of our subcategory words, is Mike Klingler. People also type him in, as the leader of the programme. So we should see that keyword phrase about three times in the article. Another subcategory word is Network marketers.

So, to increase your chances on one particular phrase – make sure you use that one the most…and then no more than two or three related subcategory keyword phrases. Make it obvious what your main keyword is.

1.6. Here’s a simple rule to follow: Say it first and say it often. We can’t totally figure out the ever changing algorithms of the Search engines. So keep it simple….put your keyword FIRST (on the title tag, on the headline, the sub headline, the beginning of the article, in another headline later…and use it often).

1.7. Use keywords generously, but naturally. Don’t just jam pack the words in. Let it flow. Otherwise the Search Engines will take it as spam and your content won’t be displayed! It should look and read naturally to the untrained eye.

1.8. Another thing that has an impact on you coming up for certain keywords ranking is “how many people are searching for the keyword phrase and how many are competing for it”. You need keywords that are searched for by a lot of people…but that are at the same time, not that competitive.

As mentioned before, it’s a good idea to go after hot topics. Say your target market is healthy people, buying health products. You will want to talk about the kind of things that interests that target market. For example you might see an article in a magazine about a new diet, advertised on the front cover. A day later it’s talked about on the evening news as well. It’s a HOT TOPIC!

Write down the author’s name/other books he wrote/title of the magazine/the way the phrases have been used. Buy the magazine and highlight some keyword phrases that your educated target market might be searching for. Then get yourself on the internet and create some content (Squidoo, etc).

Move swiftly. For the next few weeks you will be able to use keywords for that topic- that a lot of people are searching for-with less competition, because it’s new. If you are an early bird and get in early, you can get locked in…and come up on the search engines for years…because you were one of the first to discuss it! This will attract large quantities of prospects towards you.

Link value:

This is the number and quality of incoming links that are pointing at your article.

2.1 It is important how many links are pointing to your content. So if there are a number of places/articles that link to your article, it will move your article up the priority list of the Search Engine.

2.2 What key words are used in the link that points to your content (known as anchor text). For example: A blog might have anchor text in it, that points to your Marketing Merge Squidoo article. It uses the Key words: Marketing Merge and Mike Klingler, which are hypertexed and if the reader clicks on them, they are taken to the Squidoo page, where your Marketing Merge article is. The Squidoo lens (page) will then move up the ranking, because someone else is linking to it and talking about it.

2.3 It is important what the site rank is-where the link is-that is pointing to your content. How popular is the site that is pointing to your content (according to Google/Yahoo). For example Squidoo ranks very high on the Search Engines. (It scores 7/10). So does Utube gets 9/10. (But even pages with rankings of 3/10 have power).

(If you go onto Google, you can download the Google toolbar. It has a button called “Page ranking” that ranks the page you are on. So, if YouTube or Squidoo directs a link to your site, you get a higher ranking. Its a good idea to link to your content from high ranking websites.)

How can you increase the number of links pointing to your content?

1. Bookmarking- for example, at a site called Digg. (Another high ranking page, linking to your content).You can set up a quick note/message linking to your content. There are over a 100 places to bookmark your content to increase your Search Engine ranking.

2. Link your own content to other content you have. Link your own blog to your Squidoo lens. (This will get your Squidoo lens higher up on the rankings).

3. Other people can link to your content (for example if someone likes your content and links to your content. Or you can help your downline.

You can help a team member to rank higher on the Search Engines by linking to their content (thus pulling them higher up the rankings). This can be a great advantage to joining your team!


Become an Average Millionaire! Do What You Love and Plan

The market goes up, the market goes down. Interest rates fall, interest rates rise. Housing is slow now. Does any of that ultimately determine who is going to become really rich and who isn’t? Not really. Does buying a system promoted to making you rich quick guarantee who is going to become a millionaire? Not by a long shot. What we really need is a simple commonsense plan proven by average millionaires.

Currently there are over 8 million millionaires in the US and Canada and seventy-five percent are self-made, inheriting little or none of their money. What can they teach us? Can they help us too become millionaires because they are average people you probably couldn’t pick out of a line-up? But more importantly, what they know can dramatically affect young people. If we teach teens what these ordinary millionaires know, we can raise a whole generation of young people into a group of wealthy, generous, stable and very happy people.

The Average Millionaire is Living His Best Life Now

Millionaires defy the stereotype. They are usually happy and stable people who do work they love. Most are in long-term marriages. They enjoy spending time with their kids. They worry less about money than their non-millionaire counterparts. They are generous with their money. Surely that’s what we want for our kids. They are living their Best Life Now to use Joel Osteen’s words. And they are using their best money now, too.

So what sets millionaires apart and how can we teach that to our teens? The average millionaire wisely chooses the work he loves. Most millionaires are not just doctors or lawyers. They are of all different occupations. But most are business owners. Usually it takes 15 to 20 years to become a millionaire. Of course, teens do not like to wait for money, but the proven path to wealth takes time and commonsense. The great lesson the majority of millionaires have to teach us is to do work you love, do it well and do it with integrity.

The Average Millionaire Plans His Best Money

Millionaires plan, save, and have fun. Millionaires make wise choices that allow them to live comfortably now and dramatically grow wealth in the future. The average millionaire plans how to use their money to become a millionaire. So your teen needs to plan to become a millionaire.

For teenagers, that’s as easy as mowing the lawn or babysitting. If your teen works eight hours a week at $8 an hour, the average fee for a babysitter, or if your teen mows a couple of yards, a teen can put anywhere from $750 to $2000 a year aside into a mutual fund inside a Roth IRA (which just designates that their investments meet the qualifications to be tax free upon withdrawal). They can do that for several years before life really hits them with responsibilities like mortgages and kids. If they put can put aside $16,000 or so aside before their early to mid 20s, while they are still under the shelter of their parents’ wings, that small investment can grow to over $1 million dollars at age 60. That’s a potential gain of over $900,000 all due to the power of compound interest.