Maui Millionaires

Hi Everyone,

I know I've been "quiet" for the past 10 days while Heather and I enjoyed some time away showing off the boys to their grandparents and great grandmother in California after our workshop out there, but now I'm back!

Today I want to share some thoughts on what was perhaps the single most asked question from the workshop in CA. Over and over again people asked me to "bottom line" what they needed to do to make it and succeed financially.

They were committed, intelligent people who were willing to invest the time and energy to succeed, but they had received so much contradictory advice, there was so much "noise" out there that they uncertain which path to follow.

That got me to thinking about how I would "bottom line" my suggestions to make it to Level Three and create financial freedom for yourself. And it's exactly this subject that I want to have a candid talk with you today.

But first I want to extend to you this private invitation to join me for a FREE online workshop I am personally teaching this Wednesday, July 15th called, Creating a Clear Road Map to Level Three.

Have you ever felt unsure of exactly where to focus your time and energy to build Level Three wealth? Over the past 15 years I've literally helped over 100,000 clients create more certainty and control over their financial lives. The biggest stumbling block for them was all the "noise" that distracted them from knowing where to invest their time and energy that would guarantee them the results they wanted.

That's why I came up with a powerful wealth model that anyone can use to simplify the complex world of building wealth and have a clear line of sight to reach Level Three.

This 70-minute online workshop starts promptly at:

• 5pm Pacific

• 6pm Mountain

• 7pm Central

• 8pm Eastern

To register and join me for this special 70 minute webinar this Wednesday July 15th just click here. It's free, but the information you'll learn about how to cut through all the noise financially and focus your wealth building efforts in like a laser beam are literally PRICELESS!

Space is limited to the first 500 people who join us (sorry, but that's the limit of the company that streams the workshop over the web…)

Now that I've shared the online workshop details I want to share some of my thoughts on the bottom lines of financial success

1. Get clear on your target. Seems obvious, but so many people miss this one that I HAD to include it. Your goal is not to build a "nest egg" that you can feed on until you die… Your goal is to build an asset base that you can position so that your assets generate the passive, residual income (PRI) that you need to pay for your lifestyle—forever.

With this in mind, you need to not only build your net worth, but you need to cultivate the skills and Advantages you need to invest that net worth to generate PRI. These are two distinct and sequential skills and steps.

1. Evaluate the source before you take the financial advice. Where do most people learn about money? From people who are at Level One! Whether these be highly paid members of financial press or well intentioned friends and family, most people learn about money from people who are living paycheck to paycheck.

Question… How can someone who isn't financially free, who was never financially free, and who statistically has a less than 10% of ever being financially free show you the way to wealth? The answer is obvious… they can't. So stop listening to them! All they produce is noise (see #3 below). Instead, start listening to the people who have done before and have shown many other people how to do it too.

1. You must filter out the noise. When we're scared we look for more information because we imagine that more "data" will help us see a clearer pathway to get to our desired destination.

You don't need MORE information, you need a FILTER to help you see the RIGHT information much more clearly. The best filters are the wealth models you use to interpret and make sense of the information that you are presented with. That's why the online training I'm doing on Wednesday is not focused on overloading you with "data", but rather I'm concentrating the 70 minutes on sharing a wealth model with you that works. Then you can take this wealth model and use it as a filter with which to navigate through the blizzard of financial data and information that you get thrown every day.

1. Concentration of capital NOT diversification is the key to building wealth. This one flies in the face of conventional (i.e. Level 2) wisdom which says "spread your wealth around so that you don't have all your eggs in one basket."

Yet when you look at the world's wealthiest people, they have all built their success through CONCENTRATION of capital (intellectual capital, time and effort capital, and financial capital).

Take Warren Buffet who says, "Put all of your eggs in one basket and then watch that basket!"

Now Buffet was just making a point there, that you can't succeed by spreading your financial and non-financial assets too thin. You've got to determine which places will give you the best odds, learn what you're doing so that you can tilt the odds even more in your favor, and when you find the right opportunity, make the move meaningful.

Think about it this way. Imagine you have $1,000 cash. Does it make sense to put $20 dollars in one pocket, $30 in another, $50 dollars under your dresser, $45 in your sock…? Of course not, you'll forget where you put it all! You can't keep all that complexity in mind and as a result, you'll lose a good deal of it.

The same thing is true with investing your capital (financial and non-financial), you'll do best to focus in on fewer, but BETTER, investments that you can really keep your eye on than to try to "diversify" to excess. Make sense? Good!

I've got a lot more on this subject that I want to share with you, but it will have to wait. I hope these ideas have sparked your thinking and please join me this Wednesday night. I promise that by the end of our 70-minutes together you'll have a concrete wealth model that not only makes instant sense, but that you can immediately put to use as your filter for financial information moving forward.