Cracking the Millionaire Code

On Monday, May 9th, 7:00 pm at the Grand Hyatt in Seattle, WA, I had the privilege of hearing both Mark Victor Hansen and Robert Allen speak in a rare joint appearance.  It’s hard for these two guys to get together because of their incredibly busy schedules.

If you don’t know, Mark Victor Hansen is the author (along with Jack Canfield) of all those Chicken Soup for the Soul books you see everywhere.  And Robert Allen is the author of real estate classics like Nothing Down, Multiple Streams of Income and Multiple Streams of Internet Income.

Mark and Robert are co-authors of “The One Minute Millionaire” and their upcoming book “Cracking the Millionaire Code”.  I can highly recommend the first book to you.  It’s unusual in that half the book (every other page) is a fictional story that relates how a woman must raise a million dollars in 12 months in order to get her children back.  And the other half of the book gives you strategies and advice for becoming an enlightened millionaire.

Mark and Robert were in town to promote their latest book “Cracking the Millionaire Code” and to also promote their mentoring system at the event.  The event itself was short, only about 2.5 hours but Mark and Bob made it highly entertaining and informative at the same time.  As, well as recruiting mentees as the evening went on. 

These two are so outgoing and giving that its worth it to hear them speak regardless of the topic.

Their new book will be available on 5/31/05 although they will be pre-selling it to their lists around 5/20/05.  And if you buy it then you will get a bunch of additional bonuses.  The best way to get notified of the release is to join either of their lists. You can find their existing books at amazon or Barnes & Noble online.

Anyway, Mark and Bob did cover 5 Lessons for Financial Freedom at the Event and I wanted to pass on to you those lessons and my brief interpretation of them.

These are from my notes and I’ve tried to keep them as accurate as I can.  Any errors or omissions are due to my trying to take notes and listen at the same time :-)

Lesson #1: You must have multiple streams of income

This is so important.  If you have one job and it ends you have no other source of cash to support yourself.  Or if you are an entrepreneur and you only have one product or service and the market for that disappears then you also have no further cash coming in. 

 

That’s why you need to be able to create multiple products or services and successfully market them all.  So if one of the “dries up” you can still rely on the others.

 

Lesson #2: You must make money while you sleep

You need to create products or services that are on autopilot.  In other words the marketing, shopping cart, shipping and customer service should be handled as much as possible automatically.  So even while you are sleeping, people from all over the world can order your product or service and it should just show be downloadable instantly or show up at their door with very little of your involvement. 

 

This frees you up to duplicate these processes over and over again for other “multiple streams of income” – see Lesson #1.

 

Lesson #3: You must make your dreams more real than your fears!

The only way you can succeed is to make your dreams more real than your fears.  You need to love what you do.  You need to develop expertise in what you do so that it is easy and you need to know exactly why you are doing it and be very clear about that. 

 

There are going to be lots of people who are going to tell you that you can’t do it and that its impossible.  You will have times when your own doubts rise up and make you wonder. 

 

But if your dreams are more real to you than any of this it will keep you on track. And of course, celebrating your small victories along the way will help a lot too!

 

Lesson #4: You must follow a proven S.YS.T.E.M (Save YourSelf Time, Energy, Money)

You need to have a system that works to do what you want to do.  And it has to be a system that works the way that you work and one that is proven to succeed. 

 

And what is the best way to find a system like that?  Well, one way is trial and error.  You can try many things and then eliminate those that don’t work until you finally arrive at a system that does.  But that is time consuming and error prone. 

 

Instead why don’t you try to emulate something like McDonalds?  They have an exact system that they expect all new franchise owners to follow. 

 

Why?  Because it works and they’ve proven time and again that people who don’t follow the system, fail!

 

 Lesson #5 You must listen to the right mentors!

And the best way to learn anything, a winning system, how to succeed in an area that interests you, or just improve personally is by finding the right mentor or mentors. 

 

I have a mentor and have had several throughout my life so far.  It is the easiest, fastest way to grow and succeed in any area. 

 

Find someone who is successful in that area and do exactly what they do.  Most successful people are happy to share what they know if you ask them and commit to following what they say.

 

 

I hope you found these 5 lessons valuable.

 

-Chuck

P.S. If you’d like to learn about the systems used by Big Ticket Marketers like Joel Christopher, Ted Nicholas, Winton Churchill and Jay Conrad Levinson or even use the wisdom of these incredibly successful entrepreneurs as a way of informal mentorship, you can in the Big Ticket Home Study System.  Take advantage of their knowledge and expertise here.