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5 Ways to Maximize Your Financial Prosperity

5 Ways to Maximize Your Financial Prosperity Introduction Rich dad taught Robert that money is just an idea. Money’s value comes from how it contributes to the quality of your life. We don’t earn or accumulate money for the sake of having more money. We want money for the opportunities it affords us. This is what constitutes true financial prosperity. It is the ability to have an abundant life and the financial means by which to achieve it. For this purpose, we have compiled five of the best ways to help maximize your financial prosperity. Follow these principles and you will be able to improve your financial circumstances both in the short- and long-term.

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Maximizer #1 - Boost Your Investing and Business Just By Asking Most people are afraid to ask for what they want for fear of rejection, thinking they will be seen as stupid, or not wanting to appear as incompetent. But, the truth is that people who ask for what they want are able to boost their business, increase their income, and create the life they want to a greater extent than those who insist on doing it all themselves. However, not all requests are created equal; there are ways you can make your requests more effective. Below are 5 keys to successful asking: 1. Ask clearly – What exactly do you want? If you don’t know, how do you expect anyone to be able to provide it for you? Getting clear on what you want and why you want it will help others provide it for you and in some instances, provide you with something better that you didn’t even know existed. 2. Ask with confidence – Expect to hear “yes.” If your request is timid or doubting, people will notice and be more inclined to turn you down. Practice making your request so when the time comes, you can issue your request without the slightest bit of hesitation. 3. Ask consistently – Even if you’re clear and asked with confidence, the truth is, some people will tell you “no.” But that doesn’t mean things are over. Move on and ask again. The last thing you’ll want to do is wallow in defeat over one rejection. Commit to yourself to asking consistently regardless of how many “no’s” you may receive. Remember it only takes one “yes” to get what you want. 4. Ask creatively – Often the person you’re asking has received similar requests. This stands to reason since they are the person who can fulfill your request. As a result, you need to make your request unique. It needs to stand out from the crowd. Whether that means a formal proposal or a high-impact presentation, you need to make it memorable. Doing so shows you have commitment and desire—a willingness to go the extra mile.

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© 2014 Professional Education Institute

COA OACHING CHING


5 Ways to Maximize Your Financial Prosperity

5. Ask sincerely – Finally, you need to ask sincerely. This requires you to drop the “know-it-all” exterior and allow yourself to appear less than perfect. Asking sincerely is the difference between “I can’t do it myself” and “you do it for me.” One is humble. The other is lazy. Forget to make your requests sincere and people will see right through you and know you are the latter. So ask for a recommendation. Ask for a referral. Ask for the funding. Ask to renegotiate an agreement that no longer works for you. You may be surprised how many people say “yes.” Application Suggestions: • Where are you stuck in your investment(s)? What information, feedback, or expertise do you need to help get things started again? Who do you know that can either provide you with that assistance or put you in contact with the people that can help? • If you’re building a business, how often do you ask your existing customers for referrals? What can you do to increase the number of referrals you receive? • Identify commitments or agreements that are no longer serving your best interest. What conversation do you need to have in order to make the agreement more appealing?

Receive 6 months of Coaching Absolutely Free when you enroll in a new program and mention this offer! Just call 1-800-240-0434 and mention extension 6042 to receive this special offer.

Maximizer #2 - Focus Your Time and Efforts on Your Genius Most people don’t get ahead financially because they continually let the “good” get in the way of the “best.” Recognizing the “bad” ways we waste our time is easy and most of us are mature enough to say no to it. However, it is the “good” that trips us up. After all, it is good. Why wouldn’t we want to invest time with it? The problem is that it keeps us from the best. Look at it another way. If you could invest your money and receive a 15% return on your investment, most people would continue to put money towards that over and over again. But for every dollar you put towards an investment giving you a 15% R.O.I. that is one dollar less you have to invest in something that could have returns of 20% or 50% or 500%. Focusing your time and efforts on your genius is the investment of time that provides you with the highest return on your investment. Your genius is your reason for wanting to be rich. It is your passion. It is what gets you up in the morning and motivates you to work through the night. So what is getting in the way of you focusing on your genius and what can you do about it?

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© 2014 Professional Education Institute

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5 Ways to Maximize Your Financial Prosperity

First, you need to identify your genius if you haven’t already. For most people, it is tied to their motivation for wanting financial prosperity. It is what comes naturally to you. It is what you are exceptional at and what you lose yourself in whenever you’re doing it. Once you’ve identified what your genius is, you need to begin proactively scheduling time to perform it. If you wait around to “find the time” for it, you never will. The good will always want more of your time. Unless, you’ve scheduled time for the best, you’ll always defer to what shows up. Many argue that they can’t ignore the good. But you are not being asked to ignore it, just don’t spend your precious time on it. Begin looking at tasks you can either delegate or hire out to others. A good rule of thumb is to never do anything below your hourly rate. In other words, if you can earn thousands of dollars investing in real estate, then don’t spend your time with bookkeeping activities that you can hire out for $20 per hour. If you can increase your monthly cash flow by $500 through brokering deals, then hire a repairman to repaint the properties you find instead of doing it yourself.

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Eventually, you’ll want to arrive to the point where you’re adhering to the Pareto Principle or the 80/20 Rule with your genius. The Pareto Principle states that roughly 80% of the results come from 20% of the causes. That means the 80% of your success will come from 20% of your activities. If you can then work towards spending 80% of your time on those activities, you success will blossom. Application Suggestions: • What is your genius? • What are the “good” things that you spend your time on that you could easily delegate or hire out to another? When will you do this? • Make an appointment with yourself to spend time working on your genius. Treat this appointment just as you would with your best client. Be on time and give it your undivided attention.

Maximizer #3 - Learn More to Earn More We are living in the information age and with that comes new meaning to the adage “knowledge is power.” For those who continually educate themselves, they are equipped with more power to get ahead financially than those who consider the education “finished” the moment they graduate. With so much information available nowadays, there are endless ways to further your education. While many are still locked into following the traditional mindset of attending a formal class at an institution of higher learning, you can further your education by simply reading. Reading something educational, inspirational, or motivational—and applying what you read—on a regular basis will go a long way towards maximizing your financial prosper-

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© 2014 Professional Education Institute

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5 Ways to Maximize Your Financial Prosperity

ity. Consistent reading helps you in a number of ways. You develop your critical thinking skills and learn to make better decisions. You foster your creativity by exposing yourself to new and alternative ideas. Moreover, by focusing your studies on a particular topic, you can become an expert on almost any given subject within a relatively short amount of time. Set a goal to read daily.

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Application Suggestions: • Organize and conduct book-study groups with people who have similar financial goals as you do. • Keep a notebook or journal to capture ideas and inspiration you receive while you read. • Talk about and teach what you are learning to others. This is an excellent way to “test” how well you comprehend what you are learning.

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Maximizer #4 - Use Feedback to Help You Get Ahead Financially A past due bill, missing an investment opportunity, and another rejection after your umpteenth sales call, all of this is feedback and it is there to help you adjust and move forward. You just need to know how to use it. The truth of the matter is that feedback is all around you. But, feedback isn’t any good if you don’t use it. Sadly, most people choose to ignore feedback, but not those who are experiencing financial prosperity. The feedback you receive can be positive or negative. If you’re like most people, you don’t like negative feedback, but if you haven’t developed the ability to use it to your advantage, you will likely quit, get mad, or ignore the feedback altogether. Instead, view feedback as a gift. Look at it as the world providing you direction steering you towards fulfillment of your financial goals and dreams. Taken is this context, negative feedback becomes a little more palpable. In addition to being positive or negative, feedback can be direct—like a customer telling you what is wrong with your product. Alternatively, it can be indirect—found in the results you are getting. Very often it is in the results or outcomes that you can find the most frequent and useful feedback. For example, if you are living paycheck to paycheck, that is feedback. It may be telling you that you’re buying more liabilities than assets, that you need to eliminate your bad debt, or that you need to put forth more effort towards investing or building your business. Whatever it is, you need to figure it out and then do something about it. Finally, the best source of feedback is from the person looking back at you in the mirror. If you are stressed, anxious, or depressed, ask yourself what you need to change and then listen. You may be surprised at what comes back.

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© 2014 Professional Education Institute

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5 Ways to Maximize Your Financial Prosperity

Application Suggestions: • How do you typically receive feedback? Do you welcome it as an opportunity to improve or do you become defensive and shut down? Make a commitment not only to welcome feedback, but also to solicit it. • Of the results that you are getting in your life, what are you being told? What will you do with this information? • Are you happy? If not, what do you need to do or change to become so?

Maximizer #5 - Create Opportunities Regardless of the Economy You and you alone are ultimately responsible for your financial success or lack thereof. Your beliefs, behaviors, and actions are what create your wealth, not the economy. While the economy may influence your bank balance, it is not the sole, determining factor. And because of that very fact, you have the power—not the economy—to increase your financial prosperity.

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Case in point, the recent collapse in the real estate and stock markets led many people to play the role of victim and attribute their financial hardships to something they could do little to nothing about. They thought to themselves that things are tough all over and they just need to ride it out. They adopted a mentality that during the recession there was no way to get ahead. Others looked at it as a huge opportunity to buy properties and stocks at bargain prices and a way to position themselves for huge gains when the markets eventually rebound. Even prior to the recession, many small business owners shut their doors complaining that they couldn’t compete against the Walmarts and other big box retailers as they moved into town. Others however, looked beyond the retail giants and used technology and the Internet as a tool to level the playing field, move beyond their geographical constraints, and reach a worldwide audience with their specialized products and services. You can’t always count on the economy, but you can always rely on yourself. All that you have in your life is a result of the thoughts you have had, the pictures you’ve created in your mind, and the actions you have taken. If your financial picture is not what you want it to be look at what others are considering roadblocks and figure out how you can translate them into opportunities. Application Suggestions: • What limiting beliefs do you have about money and/or the economy? Change these limiting beliefs into positive affirmations and begin following them daily. • Further your education about financial matters and the economy (see Maximizer #3). Seek to understand financial issues from both sides of the argument. Doing so will help you begin to see opportunities that the uninformed do not.

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© 2014 Professional Education Institute

COA OACHING CHING


5 Ways to Maximize Your Financial Prosperity

The Bottom Line Apply the information contained in this guide and you can’t help but see an improvement in your financial well-being. Make them habits and your results will improve even more. It all starts with you. As your financial prosperity increases, doors will open that once were shut. Opportunities will present themselves to you to help you achieve your other goals and dreams. You’re in control. You have the power. Your financial prosperity is only limited by how far you want to take it. So go out there and maximize your financial prosperity.

Special Offer: Increase your Cash Flow by Working with a certified Rich Dad Coach – ACT NOW and Receive 6 months of Coaching Absolutely Free! Discover the power of working one-on-one with your own certified Rich Dad Coach to help you invest smarter, build and protect your wealth, and create the cash flow you need to live the life you desire. Remember, Robert’s Rich Dad was his first coach and helped him become successful by teaching him how to make his money work for him, who’s helping you? Get your free introduction to Rich Dad Coaching and learn how a Rich Dad Coach can help you do the same. Call 1-800-240-0434 and mention extension 6042 to receive your FREE introduction to Rich Dad Coaching and to get 6-months of FREE Coaching with any new program.

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© 2014 Professional Education Institute

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Rich Dad's 5 Ways to Prosper  
Rich Dad's 5 Ways to Prosper  
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