Everything You've Ever Heard About Generating Leads For Your Business Is WRONG!
  
There are two things EVERY business owner wants. First, they want to generate more leads, attract more clients and make more money so they can eliminate any current financial distress they find themselves in. Second, they want to reach $1 million in annual revenue so they can begin to live the life they have always dreamed of having and so richly deserve.
The Marketing Inner Circle was specifically created to provide all small business owners with the tools, resources and support they need to accomplish both of these goals.
How? First, we help you target your ideal client, understand exactly what they want when they make their decision to buy, and create compelling marketing messages that enable you to out-market and out-sell your competition.
We even provide you with "done-for-you" marketing and advertising examples that are proven and tested to get real-world results. Once we help you to establish a successful and lucrative sales process, we then help you document this process and license it worldwide to others in your market.
When you begin to "franchise" your business in this manner, you not only build a multimillion dollar business but you now begin to work fewer hours while making more money.
Want proof?
Then put us to the test. Watch our business-altering video titled The 3 Biggest Lead Generation Mistakes Small Businesses Make... And How To Overcome Them All.
We'll reveal the strategies you can immediately deploy that will enable you to out-think, out-market and out-sell your competition.
Available for Free Here: www.MarketingInnerCircleCoaching.com
5 Keys to Developing the Mind of a Millionaire
Are you ready to become a millionaire?
If you say “yes,” then you’re not ready yet. I’m telling you this because many people assume it’s easier nowadays to make a million than it was a decade ago. Technology has made everything convenient, allowing people to accomplish many things within a short timeframe. What they don’t realize, however, is that the road to becoming a millionaire is not something the newest apps can build. It’s actually how you develop the mind of a millionaire that really gets things going.
After all, the latest technologies only help in making the work easier. They don’t do the work for us. Majority of the effort should come from you.
It all starts with how you develop your mind and set your sights on attaining your first million. Follow these five keys and start charting your way towards greater wealth.
1. Stop wasting time as though it’s free
If you lose money, you will have to work really hard in order to compensate for the loss. Then again, the same can’t be said of time. Each second that passes is another second we can never get back. You can never recover time. This very fact just adds to the complexity of life, but it also helps us realize that time should be spent for the purpose of accomplishing goals. So, manage your time carefully and make sure it is spent with your goals in mind.
2. Educate yourself through experience
There are a lot of things that a classroom just can’t teach us. One thing’s for sure, it’s our interactions that allow us to learn more about life and all its mysteries. Experience is always the best teacher. You can read books or listen to podcasts, but it’s best to open yourself up to new environments and situations. Your education in life depends on it.
3. Be a confident speaker
Communication is key when you’re out to form valuable relationships with other people. Building linkages is important because becoming a millionaire means that you need the help of others. You simply can’t make money on your own, so it’s best to talk to people who have the same desires for greater wealth. I realized how powerful communication is after I closed my first off market multifamily deal in Ontario. It does pay to have confidence when talking to people, so show your enthusiasm! Let people know that you’re on a mission to get your first million. You can show this by using positive language and sharing stories that everyone can get value from.
4. Show gratitude and respect
Successful millionaires know better than to stomp on others just to get what they want. Instead, the millionaires whom I admire show love for humanity. It’s inspiring to see these wealthy people spend time and effort in improving the lives of others. Showing kindness is the mark of being successful because it allows you to reflect back to simpler times. Can you remember a time when you only had a small amount of money in your pocket?
Respecting your fellow human beings and giving back all the blessings you have enjoyed will make you a true millionaire in life.
5. Spend time with your family
Through thick and thin, your family will always be there for you to help you out. They are your source of strength, and when things get really difficult for you, you know exactly where to run. Even with your busy schedule, never miss out on important family get-togethers. Have dinner or go on a trip from time to time. The road to your first million will be a rough journey, so it’s important that you have someone behind you who can motivate you into working hard.
Becoming a millionaire is possible in this day and age. You will only need to have a rich heart and soul that can help you make the most out of your time and energy.
Why Buy & Hold Is Such a Powerful Investing Strategy
Buy-and-hold real estate investment is the best investment around. It is the best way for someone of modest means to become independently wealthy.
The way we like to think of it is that buy-and-hold real estate is the “IDEAL” investment, which is an acronym for why it’s so good.
I: Income
The income from real estate is just the cash flow that an investment property brings in. This should be seen as the cherry on top, though. Many new investors think that they can buy enough properties to just live off the cash flow on a beach somewhere. Yes, this is possible. But if you use debt, it will take quite a while and quite a few properties.
But that doesn’t mean the extra income isn’t nice. Many stocks don’t give out dividends and no bonds do. So the cash flow is definitely a nice bonus. But that’s what it is — a bonus.
D: Depreciation
Real estate depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property placed into service by the investor. Depreciation is essentially a non-cash deduction that reduces the investor’s taxable income. Many investors refer to it as a “phantom” expense because they are not actually writing a check. It is merely the CRA allowing them to take a tax deduction based on the perceived decrease in the value of the real estate.
Real estate depreciation assumes that the rental property is actually declining over time as a result of wear and tear. But we know this is not typically the case. Not many other forms of investment offer comparable depreciation deductions. As a result of real estate depreciation, the investor may actually have cash flow from the property but may show a tax loss.
E: Equity
What got me first interested in real estate was looking at an amortization table. One of the big things successful buy-and-hold investors do is get long-term bank debt on their properties and get rid of private loans, and especially hard money loans, as soon as possible.
Yes, in the beginning, particularly with a 30-year loan, you are not paying off much principal. But each month you pay off more and more principal and less and less interest. So there is a bit of exponential growth here.
And it’s nice to have some forced savings through principal paydown rather than paying all of it away as you would with an interest-only loan or rent.
A: Appreciation
In the long run, real estate goes up in value. Yes, there are exceptions like the 2008 financial crisis. But usually, it goes up, and over the long-term, it basically always goes up.
Usually, when real estate goes down in value, it’s a fairly small decrease. Generally, real estate appreciates at a pretty steady rate and has, historically, beaten inflation by a small amount.
L: Leverage
One of the big advantages of real estate is leverage: the ability to use OPM (Other People's Money).
Leverage is a two-edged sword. Real estate can go down, which would lead to a loss. But two points work against this. One, real estate goes up in value over the long run as listed under “A,” which is why buy-and-hold real estate investment is a “get rich slow scheme.” And two…
Built-in Equity & an Inefficient Market
Unlike the stock market, real estate is a very inefficient market. The biggest so-called “disadvantage of real estate,” namely that property is relatively illiquid, provides a great opportunity.
Because real estate can’t just be sold in a day by pressing “sell” on E-Trade, it means that you can find those motivated sellers and value-add deals and buy under market. With stock market investing, it’s possible but very, very difficult.
If you get a good deal, that insulates you from the risk of leverage.
For these reasons, I strongly believe buy-and-hold real estate is the best investment around. At the time of this Newsletter, it may not be the best thing to jump into headfirst. But the market will normalize soon enough. Therefore, buy-and-hold real estate is definitely something you should consider investing in (or investing more in) going forward.
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