Nurture Your Money Tree With Attitudes Of Wealth!

These Attitudes of Wealth were described by T. Harv Eker in a Millionaire Mind seminar in June 2002.

It’s very important that we all have a positive attitude and proper focus to bring financial freedom into our lives.

Reading the Attitudes of Wealth aloud and with conviction every day is very important because it helps to focus your mind on improving your financial future, because what you focus on, you manifest!

What you nurture will bear fruit, so start nurturing your money tree!

1. I create my life. I create the exact amount of my financial success.
2. I play the money game to win. My intention is to create wealth and abundance.
3. I admire and model rich and successful people.
4. I believe money is important, money is freedom and money makes life more enjoyable.
5. I get rich doing what I love.
6. I deserve to be rich because I add value to other people’s lives.
7. I am a generous giver and an excellent receiver.
8. I am truly grateful for all the money I have now.
9. Lucrative opportunities always come my way.
10. I am incredibly “lucky” when it comes to money.
11. I am an excellent money manager.
12. I always pay myself first.
13. I put money into my financial freedom fund every day.
14. My money works hard for me and makes me more and more money.
15. I earn enough passive income to pay for my desired lifestyle.
16. I am financially free. I work because I choose to, not because I have to.
17. My part time (or full-time) business is managing and investing my money and creating passive income streams.

The Do’s and Don’ts of HighYield Investment!

(1) Do get to know your sponsor… Just because someone tells you about a program doesn't mean they have your best interest in mind!

(2) Don't think it can't be a "scam!" Even the most knowledgeable people have been scammed by programs!

(3) Do reach "Can't Lose" quickly… That way it's not your venture capital that's still at risk. And you'll have funds for other ventures.

(4) Don't forget Diversify, Diversify and Diversify! Still the best way to insure your success!

(5) Do "sit on the fence" for a while… A good program has longevity to it. It's better to be safe than sorry.

(6) Do your Due Diligence… You'll feel better about your decisions.

(7) Don't Blab Their Private Programs! The best way to get a program closed is by blabbing to non-members! Only promote by the parameters set up by your program!

(8) Do get to know the Program Managers… They can be your worst enemy or the best way to make a profit. Don't let your greed influence you! Any program that doubles your money in a few days won't be around in 3 yrs! There just isn't enough money in the entire world!

(9) Do get to know why programs fail… This way you'll know what to look for before joining and know when to get out.

(10) Do read everything you can find… Knowledge is the key to your success.

(11) Don't expect to never take any losses! It's just plain foolish to think it can't happen to you!

(12) Don't put all your money in one category of programs! If you're in only one type of program rest assured that if one fails more will follow suit!

(13) Do join a group of fellow investors… You get valuable information and lots of early warning signals.

(14) Don't believe everything you hear! Take some responsibility and investigate the programs you like for yourself!

(15) Do make sure the program is actually earning money… If a program won't give any hint as to how they earn profits they most likely are a "Ponzi Scheme".

(16) Don't put all your money in the "latest fad!" It might not be around tomorrow! And finally…

(17) Don't Worry! If you follow these Do's and Don'ts you'll make some real cash!

What Makes An HYIP Scam?

Many people have tried an assortmen of (so called) High Yield Programs and have been disappointed with the results. We find that this is mostly the fault of the participant, not the fault of the program or the programs which are selected.

It is obvious that 99% of all programs are not real programs, instead they are deliberate ponzi schemes which pay some people a profit at the expense of others. The process is one of redistribution, no new money is created, which means some people must lose money in order for others to gain it.

Since 99% of all programs are not legitimat earning opportunities, how do you know which programs are worth checking out and which are not? Experience has indicated several factors which are prominent in all questionable programs. Perhaps these notes will help you to stop losing money in the future.

(1) A common feature of foolish programs is a small entry fee and while high entry fee programs may or may not be legitimate, most small fee entry programs are scams. Some programs accept as little as $10 USD while others look for $50 USD. Now, why do scams focus on such small amounts? First, when they steal the money, you are not likely to be very annoyed over $10 USD. Second, a lot of people will risk $10 USD on something they think might be a scam while they will not try $1,000 USD on a program they think might be real.

It is not possible for a company to support member email and accounting with such a small investment and still have money left over for the investment. How much time do you think it requires to track deposits and earnings or to answer email? If it requires more than a few minutes, and it does, then your $10 USD is already spent just setting up your account and maintaining your records.

A compnay which accepts a deposit amount which is smaller than the cost of overhead obviously does not plan to speak with you very much or to maintain your records to any great extent.

(2) Many companies which offer a large sponsoring bnus are generally not real companies. The purpose of a sponsoring bonus is to cause people to advertise on behalf of the company. In other words, if you talk your friends into enrolling, then the company will pay you a portion of their money. Up front large sponsoring bonuses are nothing more than a lure for greedy people.

Companies will generally focus on heavy recruiting because they anticipate a short life span. Sponsoring bonuses are generally paid instantly. Some people think this means the company is working and legitimate, but paying something so quickly usually means a scam.

Paying you a part of the new member deposits up-front does not mean the company is legitimate, it just means they are trying to accelerate the enrollment rate. It probably also means that the actual investment is not as stated or is not real.

(3) A final common scam give away is a high interest rate. Promising to pay somebody 100% in a week is what it takes to generate a lot of greedy people to donate $10 USD. Most people are happy risking $10 USD or $50 USD on a program which pays 100% a week. However, in reality, if something really paid that high of a return, why would they bother sharing that with people putiing in $10 USD.

Their are real programs which pay 25% – 35% but they require anywhere from $100,000 USD up to participate.

Of course, there are people who tell you they know of programs which pay much more than 25% – 35%, but for how long.

We hope these thoughts are helpful as you build your online and offline investment portfolio.

Creating Multiple Streams of Income

There are numerous offshore and onshore capital enhancement programs found on the Internet. Some of these programs are very good and pay on a regular basis. Of course, there are also a lot of programs out there waiting to take your money. The vast majority that retain a strong Internet presence generally disappear within a year. Only a very few actually survive. The ones that go completely private have a much better chance of survival. There is a strategy to use that can drastically cut down the amount of losses and at the same time increase the amount of profits you can earn monthly. Below are a few tips and attitudes you should consider if you want to invest successfully in high yield programs.

MAIN GOAL = PRESERVATION OF CASH

It is very important that you always invest with cash presrvation in mind. This means that you don’t put all your money in one program and you take out your seed money at some point, which will minimally slow down the growth of your funds.

RULE #1 – DIVERSIFY – Don’t ever put all your eggs in one basket. It is very important to spread your risk out as much as possible. When you have a good portfolio of 5 – 10 programs and one or two go bad on you, it doesn’t hurt nealry as much.

Eample – Let’s say you start 5 opps with $100 easch (everything is always assumed to be in US currency), and which earn an average of 20% per month. The monthly interest or dividend is reinvested to create the magic of compounding. Each opp is capable of becoming worth $1,000,000 in about 4 years and 3 months (i.e. 51 months).

What happens after 51 months if 4 of these programs completely fail, and you lose the entire seed money of $100 for all 4 of them? You have lost a total of $400. The fifth program survives, and you have earned $1,092,052. Therefore your net worth become $1,092,052 minus $400 = $1,091,652.

If only one of these programs fail, you earn (4 x $1,092,052) – $100 = $4,368,108. Is it clear that the larger your portfolio, the greater your profit even if one or more of the programs fail completely?

Do you also see that the greater the ROI, the chances of making a good profit are very high even if 20-50% of the programs fail? If your programs only earned 5% a year, even if one failed, there would be very little, if any profit, after 51 months. The greater the ROI, the greater you can risk, and still come out way ahead. Even a 50% failure or greater will still give you a huge net worth in 3-5 years.

Of course, it’s entirely possible that none of them will fail, orsome might simply fail to give the expected return, but still retail some value, and return the intial seed capital. Another factor to consider is longevity. It’s fine and dandy to look at numbers over 3-5 years, but consider that most programs fail within a year. We are always trying to find opps that will last a very long time, although there are no certainties about this. We do our best, and the rest is up to you to decide if it looks good enough for you. Of course, there are also many opps that we find that are short term opps and not ongoing. With these the above numbers don’t work. The rest either work of they don’t, and you ahve to decide if they are for you or not based on your assessment of the information that is given in the files.

RULE #2 – START SMALL FOR NEW ONGOING PROGRAMS IF NO VERIFIABLE TRACK RECORD – You should always test a new ongoing program with the minimum spend before you place any large amount of funds into it. This is only necessary if the program is new and has no significant payment history. If it has a good track record, or otherwise shows good verificiable credibility, then you can place more in the program.

RULE #3 – ONLY DEPOSIT WHAT YOU CAN AFFORD TO LOSE - It is a know fact that there will be programs that are going to close up, and they might not return any or all of the money you have put in. It is just a fact of life in this business. If this bothers you, then stop reading right now. Delete this message and put your money in a bank where you get 3% – 5% per year. High proceeds means higher risk.

RULE #4 DON’T GET GREEDY – Greed is the biggest reason people lose their money. Rather tan take the initial deposit out at some point, they just let it roll over. It’s like the Las Vegas gambler on a roll, who doesn’t even recoup his original bet, until he loses it all on one bet. It’s hard to resist, especially when you see your money doubling every few weeks or months, but resist you must. Also, don’t pick programs solely on the basis of which gives a higher proceed. Pick a variety of programs with varying degrees of risk and reward. If you have a stock portfolio with 10 stocks, and each one is having a different proceed than the other, would you scrap all but the one with the highest proceed? Of course not. You would only get rid of the ones with low proceeds that are unacceptable in relation to the average proceed of all of them.

RULE #5 – ALWAYS GET CONTACT INFORMATION - Any program that only has an e-currency account number is extremely risky. Putting your money in a program that has no contact information is just like handing over a bag of cash to a stranger. In many cases, you won’t see it again. Some good programs don’t have fancy web sites, but they might have a good contact person via an e-mail address who answers all your questions and spends time explaining enough about his program to give you a sense of confidence. Even with all your precautions it’s possible that programs will start off good but will turn out sour.

If and when that happens, please be prepared for the occasional failure. It’s part of the trade-off when you participate in these opps. Remember, as long as enough of the programs succeed, the occasional failure will not seriously affect your growing net worth (see #1 above on diversificaqtion). The trick is to walk away from the table with more than you came. But, be prepared to have some l,osses, becasue it’s unavoidable.

Common HYIP Investment Mistakes Newbies Make

1. Compounding – Einstein once wrote that the most powerful thing he ever discovered in this world was compound interest. He was right. Compound interest, even monthly is a very powerful thing. To illustrate, you have invested $1,000 dollars in a site that offers 30% monthly with the ability to compound. In just 12 months, that $1,000 dollar amount will grow to almost $18,000. Now most newbies will become entranced with the big numbers of the future and that is exactly what scam sites want you to do. With the exception of a handful of sites, most sites will not even make it to month six, forget about making it to a year. In other words, don’t get too starry eyed when you are looking at the big numbers.

START SMALL. COLLECT AT LEAST MONTHLY. GET BACK YOUR PRINCIPLE. THEN COMPOUND IF YOU WANT.

2. “If my (insert name of investment site) account says I have this amount it it, then I have this amount of money.” A lot of newbies just assume that because the site they are invested in shows money in their account, then they must have money in their account. This might be true, then again it might not. THE MONEY IS NOT YOURS IF IT IS NOT IN YOUR HANDS. Take that to the bank. Until the money is in your hands, it is just a blip on your computer screen. If we had a dollar for every person who posted in a forum that they were “paid” but didn’t have the money in their e-currency account, we would have a lot of dollars.

3. Relying too heavily on forum members for suggestions. This is bad for teo reasons:

First, there are a lot of forum members who want you to join under them for the referral fee they will collect. Not all forum members are like this, but there are a good number who are. In fact, there are people out there that make a nice chunk of change by whoring out their referral links. A lot of time these people don’t have anything invested in the sites they are recommending.

Second, there is absolutely no one who knows how long a site will be around. An HYIP will be cruising along and be on everyone’s list one day, then disappear the next. It happens all the time. USE YOUR BRAIN. LEARN HOW TO DO DUE DILIGENCE, USE OTHER PEOPLE’S OPINION AS A SECONDARY SOURCE.

4. Using HYIP monitors as sources of information. Many people are introduced to HYIP’s through these monitors. A good portion of these monitoring sites are run by scammers themselves, who get kickbacks from the HYIP sites themselves. Even the legitimate sites are vulnerable. A lot of times HYIP’s will continue to pay the monitoring sites while stiffing the average joe investor. What does that mean? It means that the number one paying site on the HYIP monitoring site you are visiting might not have been paying for weeks. Don’t be a sucker.

5. Not diversifying or diversifying in only the high risk stuff. We know everyone has heard how important it is to diversify. We have added a twist to this. Not only should you diversify, but if you are going to play some of the probable ponzi type of HYIP’s, then you also need to spread your risk out to the legitimate HYIP’s out there as well. What? 10% a month not good enough for you? Take a look at what a savings account will earn you in a year. Yea, now go and invest in some of the real HYIP’s.

6. GREED. When someone first discovers HYIP’s 10% a month seems absolutely incredible. This soon changes very quickly as they get used to 2% daily or 100% monthly. KEEP YOUR WITS ABOUT YOU. REALIZE THAT EVEN SMALL RETURNS (relatively speaking) ARE GREAT, IF THE SITE IS LEGITIMATE.

What’s Happening On The Net?

Over the last several months there have been some very unsettling developments that have caused many to rethink their involvment in Internet businesses.

First, there was the legal authorities investigation of Intgold (a digitial currency processor), which in effect shut down the processing of receipts/payments for many people. We were in the mdist of converting a four figure Intgold payment we had received to E-gold through an exchanger, when their accounts were frozen. We have since received a partial payment in settlement from the FBI who impounded Intgold’s funds.

Second, authorities visited E-Gold which set off a knee-jerf panic reaction among a number of programs who began to move their accounts from e-Gold.

Third, the immediate beneficiary of the reaction to E-Golds travails (which turned out to be much ado about nothing) was Stormpay. One of the largest auto-surf programs 12DailyPro (over 350,000 participants) advised their members to move their accounts to  Stormpay and the migration was on. Then something transpired between Stormpay and 12DailyPro (reports are mostly of the “he said – she said” variety, so nobody really knows the truth), and Stormpay started freezing accounts and charging back (i.e. returning) payments that had been made by 12DailyPro via Stormpay. We had a mid four figure payment that was charged back, and have a mid four figure payout still pending in 12DailyPro.

Fourth, many programs that were investing in auto-surf programs to provide revenue were cut off and ceased to exist.

The lessons learned from these situations were the importance of diversity both in income producing programs and payment processors. As a matter of personal opinion we have never been fond of the fiat backed payment processors like Intgold and Stormpay, but prefer asset backed processors like E-gold and E-bullion.

Interestingly, the weaker players have been shaken out of the mix which is not a bad thing and the programs with solid business plans and effective managers have emerged as positive survivors. The marketplace is alive and well.

How To Really Make Money Online!

There are really only two ways to make money either online or offline:

(1) Trade a personal resource for it (be it your time, your intellectual or organizational ability etc.) or
(2) Trade money in a way that earns more money (i.e. investing).

We do both of these, first by trading our intellectual and organizational ability and time to produce what is termed earned income. The definition is simple, you have to personaly perform to generate this type of income. We then invest the ordinary income into a group of programs that invest in different markets (i.e. currency exchange, oil etc.). The income generated is commonly called passive income, because your invested capital generates a profit without further input from you.

There are some fundamental rules that should be adhered to:

(1) Never invest more capital than you can afford to lose.
(2) Develop a business plan and follow it religiously. Know in advance what your limits and expectations are for each program.
(3) Always recoup your principal as soon as possible and build your business from profits.
(4) Diversify, never put all you eggs in one basket, regardless of how good it looks.
(5) Never become emotionally invovled with a particular program or project. If you lose, walk away and review the situation to garner any lessons learned.

It has been our experience that even with good management you can expect to lose 20% of the time, BE PREPARED mentally.

Getting Started

Building an online business is very similar to building an offline business.

First – Establish a business plan. You will modify this plan many times as you encounter obstacles or try different paths. But this is your roadmap and without it you will get lost.

Second – Make sure the equipment you need to do business online is up-to-date. This is basically a computer (MAC is best) and an internet connection (broadband is best). Make sure whatever computer system you use, your Internet security is current.

If you use a MAC, a lot of the security features are built in but it would still pay to get a Virus and Firewall program. We have found the products from INTEGO to be first rate.

If you are using a PC and Windows you have a much bigger problem. There are individual products that will help you (i.e. Zone Alarm – firewall & anti-virus and Webroot – anti-spyware), we think an integrated approach is more efficient. We use INVISUS, the software is fully compatible, they have a resource center you can access if you do have a computer security problem and they provide $25,000 of identity theft insurance, in case you ever have that problem (we sincerely hope not).

BTW, we use a mini-MAC (for financial and other sensitive information handling), a laptop PC for website maintenance, blogging etc. and a desktop PC for surfing activities,

Third – tie into a Knoweldge Base where you can get all of your computer questions answered. We use the NEWBIE CLUB. Don’t be fooled by the name, it has resources for newbies on up to Pros.

Fourth – Gather up the other resources you will need to do business online. These include a specific domain name and e-mail address (this is your business address and you don’t want AOL, Yahoo or Hotmail), a good email manager for managing multiple accounts (we use Eudora), and a good browser (we use Firefox by Mozilla, Internet Explorer has too many problems).

Fifth – Find a good support system, someplace to ask questions and trade ideas with like minded netpreneurs (someone who pursues entrpreneurial activities on the Internet).

More later….

A Little History

If you are like me, you want to know a little something about the writer of any material so you can make a judgment regarding their credibility. We started online in 1998 with an outfit who is still around. They recommended a website, all kinds of promitional activities, banners – the works. We jumped right in with both feet and by the end of the first year had spent over $10,000 and earned $0, zip, da nada. Six months into the second year, having spent another $5,000 and still received little in return, we stepped back and did a painful reassessment.

Were there people making money online? Sure, and most of them were succeeding by telling others how to do it. There’s nothing wrong with that but in order to be an actual guru, you have to be able to prove results. What was the best way to make money online? Our conclusion was we had to do what Willie Sutton did. When they asked him: “Why he robbed banks, he said said because that’s where the money is.”

The money on the Internet in 1999 – 2000 was in ebooks, so we wrote one entitled “How I Lost $15,000 At Internet Roulette And Still Finished As A Winner.” It sold for $19.95 and we sold 1167 of them.

About that time we got interested in two emerging areas: Paid Internet Advertising and Offshore Investments. One provided a nice cash flow and the other a place to compound your earnings passively. Also we were able to suceed in both these areas without having to recruit or refer other people. something we don’t like to do and as a result aren’t good at.

We still don’t do these activities even though we have a self-replicating website at Top Gun Program and a Support Center website. These are really designed to provide information and resources to our Internet friends, who are always asking what we are into and to round out the infrastructure of our Internet business (it’s a tax thing).

Our activities now revolve around the plan laid out in the Top Gun Program with some advanced techniques we outline in the Support Center. Our objective is to have at least 10 functioning income streams that generate at least $100 per day each. We had originally established that objective to be obtained by our 65th birthday (01/18/05). Unfortunately we fell short because we had some programs fail and we got greedy and didn’t follow our original plan. We are glad to announce that we will achieve our objective by our 66th (01/18/06) by FOLLOWING THE PLAN.

We hope this historical perspective is helpful. More later.

Hi World!

Welcome to our first attempt at blogging. What we will try and accomplish is to share our ideas, resources etc. that can be used to generate a significant online income. The methodology we will be discussing doesn’t involve MLM, Gifting Programs, Matrixes or anything like that.

By way of introduction you can learn more about us here.