Who Else Wants to Make $5,479,452 an Hour?

by: admin - October 29th, 2007   Filed under: Money Thoughts, Productivity Tips 2 Comments

How much money would you like to make per hour? $50? $100? $200?

Well… how about $5,479,452 an hour? That’s how much Carlos Slim made last year. His net worth increased by $20 billion in 2006, which is over $5 million per hour, working 10 hours per day.

Sure beats minimum wage, right?

Of course, he wasn’t actually being paid an hourly wage. The companies he owns were making him money 24 hours a day.

But it’s an interesting perspective. Your hourly wage is the most important factor for determining both how wealthy you become and how fast it happens. It addresses the one factor that constrains us all.

Time.

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The Secret to Turning Anything into Gold

by: admin - October 26th, 2007   Filed under: Money Thoughts 1 Comment

Growing up, I was a kid that wanted to believe in the miraculous. I fantasized about being able to lift things with my mind, fighting off armies of alien invaders, and, most of all, transforming anything I wanted into gold.

“Why, wouldn’t it be something if I could transform that stick over there into solid gold,” I thought myself. I mustn’t sell it all at once, of course. That would lead to suspicion. Rather, I would slice it into pieces and sell it only when I needed money to buy something… like video games.

I’m older and wiser now, right? No… not really.

I no longer fantasize about turning sticks into gold or buying vast quantities of videogames, but I do think about how to change the value of things. I look for ways to transform worthless, everyday opportunities into fortunes, as well as ways to make expensive things cheap. It’s not as miraculous, to be sure, but it’s just as powerful.

And you know what? I’ve learned how to do it.

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How to Build a Crystal Ball and Predict the Future

by: admin - October 22nd, 2007   Filed under: Business Lessons 2 Comments

How do some people in the upper echelons of business seem to make the right decision every single time?

Some of them seem to have the Midas touch, investing in the right people working at the right companies that dominate the right markets at the right time. Watch them long enough, and you’ll begin to think they have a crystal ball that lets them predict the future.

And they do.

It’s not a paranormal phenomenon, per se, but a method that allows them to make extraordinarily accurate guesses. They know exactly which type of data to look for and how to interpret it. Sometimes they’re wrong, but they’re right often enough to make themselves very, very rich.

Fortunately, it’s not a skill that’s exclusive to billionaires. You can learn how to predict the future too. This post will show you how to build your own crystal ball.

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The Moneymaking Formula for Math Flunkies

by: admin - October 20th, 2007   Filed under: Easy Finance, Money Thoughts 6 Comments

During college, only one class brought me close to tears… calculus.

Call me stupid, but it took me forever to start understanding how equations, graphs, and numbers all fit together. I spent 40 hours a week studying for that one class and nearly fell apart after every test.

Ultimately, I got through it, but I started to wonder, “Am I really cut out for business? Doesn’t it involve crunching a lot of numbers?” I couldn’t imagine spending the rest of my life going through that kind of misery.

Have you ever felt the same way?

Well, I’ve got good news and bad news. The bad news is business does involve some math. The good news is it ain’t calculus.

You can actually reduce moneymaking to one simple formula. It governs everything from your profit per product to how much of your salary you’re able to save and invest. And it’s very, very easy to understand.

What is this formula?
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Why This Cell Phone Sold for $1.3 Million

by: admin - October 19th, 2007   Filed under: Money Thoughts 8 Comments

Goldvish

Why would anyone pay $1.3 million for a cell phone?

Only one reason: because, to them, the cell phone is more valuable than $1.3 million.

The Le Million, developed by Goldvish, is the most expensive cell phone in the world, according to The Guinness Book of World Records. It’s handcrafted, constructed from 18 carat gold, and mounted with 120 carat diamonds.

Still, how do you justify $1.3 million? And more importantly, how can you convince other people to pay you so much money?

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