This is a Robert Kiyosaki video I found about saving vs. investing. It’s a 1 minute 30 second video….check it out.
This video is exactly why all of us should be investing our money that we have in our FFA (Financial Freedom Account.) Do any of you have an FFA? I learned about this in Secrets of the Millionaire Mind by T. Harv Eker. I have an FFA for my personal account, I have one for my business account, Kathy has one for her personal account and business account (we just have one FFA for our joint business) and Joe and Brandon have FFA’s as well. This is the ‘ole Pay Yourself First account (at least 10%! We have Joe putting 25% in his FFA!)
Before I go into the passive income opportunity seminar stuff I want you to know how happy I am to be home and drinking my morning breakfast of 4 organic carrots and 2 organic apples (there’s no parsley left.) I soooo missed that while I was away. I wish hotels would have Juicers in their rooms 🙂 Anyway, it’s good to be home and getting back to eating normal again.
Ok so this seminar was called Never Work Again. But I’m going to refer to it as the Passive Income Opportunity seminar because well, that’s what it was. Fair enough?
Day 1- opened with T. Harv Eker talking to us. He pretty much spent the whole day with us. For those that don’t know him, he wrote the book Secrets of the Millionaire Mind and he actually started the company Peak Potentials which is the company that puts on all of these training seminars.
Harv started off with going over again the difference between active income and passive income. He went over the golden goose working for you theory that they talk to you about in the Millionaire Mind Intensive. [Carey’s note: Have tons of free tickets to this event coming to me! Message me if you’re interest in a pair!] His main points were that you have to either Create, Build or Buy cash flow income vehicles i.e. passive income streams. Plus, you should set up your business so it works without you!
Here’s the main concept:
Create/Build/Buy your cash flow vehicle —> Earn some money with it —> Buy another cash flow vehicle —> Earn some money with it —> Buy another cash flow vehicle etc. etc.
Then he said that you can be FREE a whole heck of a lot faster than you can be rich. So let being free be your first goal and being rich be your second goal. And being free meaning that your income from your passive income streams is more than what your life expenses are.
Oh and by the way, with the whole passive income thang…..as I’m sure you all know it’s not 100% hands off. Everything we do, even when we set up our businesses to work with out, still requires some maintenance. It may be a little bit of maintenance but it’s maintenance none the less. I hope that makes sense to everyone.
Now Harv went on to quote a statistic that 84% of people would like to write a best selling book. Soooooo Harv proceeded to tell us how you go about getting on the best seller’s list!
He said the easiest list to go for is the Non-Fiction list. So go for the non-fiction designation for your book.
You’ll need a #1 Marketing Plan!!! Because even if you have a publisher they will tell you they’re going to market the heck out of your book, but they won’t. Your efforts need to sell 90% of your books!!!!
Keys to Creating a Best Seller
1) Quality of the Info- do not fill your book with fluff. You want people to refer to your book, not say it’s full of fluff.
2) Style- try not to sound like everyone else. Don’t be boring. Be an individual.
3) Marketing- you need to have an on-going marketing strategy. Even if you have a publisher act like you don’t. Have a unique selling position. Do joint ventures, p/r, use your connections, internet marketing, etc.
– some keys to marketing-
*Platform and Following- you must have a ready-made audience BEFORE writing your book. You develop a ready-made audience by doing seminars, having blogs, writing columns, doing a radio show, etc. It’s critical to have some kind of following prior to writing your book!
*Joint Ventures- use someone else’s database to sell your book.
How to Get on the Best Seller’s List
1) Focus on 1 time period- the different best seller’s lists focus on a certain period of time. So decide which list you want to get on and focus on that specific period of time. NY Time Advice list is # of copies sold per week, NY times Biz list is # of copies sold per month, Amazon is # of copies sold per day. Each list has a per week or per month or per day time line. Find the list you want and just focus on that timeline.
2) Batched Presales- You’re pre-selling your book during your pre-launch phase.
– Take pre-orders- enter all during that 1 week (or that 1 time frame that you picked!)
– Send Joint Venture letters- all orders must be in within that same time frame (best to tell the JV’s to do it within 24 hrs. tho.)
– Mail to your own database- tell them to buy within the next 24 hrs.
– Make sure your books are on bookstore shelves that week! (Preferably new release section.) They MUST be in the bookstores even tho you will be selling most of your books elsewhere probably.
– Your P.R. has to hit that week (or that time frame you are shooting for.) Talk shows, tv shows, radio shows, web interviews, etc.
***If you do a seminar, have Barnes and Noble or whomever bring THEIR copies to your seminar and sit them in the back to take orders. (If you buy a million copies of your book personally, it only counts as 1 sale. But if B&N brings their copies of your books and sells a million of them to a million different people at your seminar then it counts as a million sales.)
-Magic Book Selling Pill- is the free bonus. Include an awesome free bonus so folks want to buy your book now. Free seminar, free teleseminar, free coaching, etc. Make it a no-brainer to come to the seminar. Make the bonus more valuable than the book.
3) The book is your brochure- you have to have more to sell. If you don’t have a back-end there is no point in writing the book in the first place. Your whole point in writing the book and becoming a best seller is so you can sell more stuff. Whether it be coaching, seminars, or what have you. It has to be something because your best-selling book is the “brochure” to make folks want more of YOUR stuff. [Carey’s note- I found this point so super interesting. Never really thought about this before.]
Ok my fingers hurt from typing. I just realized that I probably have a month’s worth of blog posts from this seminar. Maybe more?? I don’t want to posts to get too long. By the way, day 1 isn’t even close to being over yet.
But I must head out….my car actually broke down last night on the way home from the grocery store. I called my rent-a-husband lol he’s our next door neighbor and he and his wife are absolutely awesome. He came and pushed me home 🙂 (his son, Matt, and Joe, Kathy’s 9 yr. old, helped push too. lol they were playing together and happened to go with Jeff to get me.)
Gonna get an oil change and see what’s up with it, then I gotta pick Kathy up from the airport at some point today.
I hope you enjoyed this post. Let me know if you have any questions about it or any specific passive income opportunity questions and I will try to answer them for you or tell you that they are coming up in a future post.
Well the passive income seminar was pretty cool. A lot of opportunities there and definitely great networking was going on. I may have gotten a new partner or 2 for the ATM biz.
On the first day Harv spoke for a pretty good portion of the day. He was funny. I enjoyed him a lot. I learned a lot of things and will be definitely implementing some changes in a lot of ways.
Kathy and I bought an apartment course (we’re such suckers sometimes lol) Actually, we had already been talking about multi-units so it was kind of timely and Dave Lindahl actually offers your money back on the course if you buy a 2 unit or more within that 90 days. Kathy is determined to get our money back and I’m like “well if we buy our first multi-unit and are making decent cashflow then don’t you think he deserves to keep the money?” lol Does anyone know what I mean?
So, since Kathy will be working intently over the next few months and will only be home on the weekends..it’s MY job, apparently, to find our apartment deal. I’m super excited about it.
I know, I know….Scott and others have told me to focus and I know in my heart focus is the key, but I’m really psyched about multi-units. I really am. I really want the passive income to exceed my expensive and then I will be at least FREE. After I’m free I can work on becoming rich. Does that make sense to anyone?
Btw, the first day as Mama C (as Kathy calls me lol) went well. I filled 3 of our atm’s by myself (well Brandon helped me with the chinese place,) I went food shopping for the kids and I (damn boys eat a lot!) and while I was gone the 2 of them only called me 4 times (2 each.) Ya know to tell me what the other one was doing to them 🙂 And let’s see it only took me like 15 minutes to wake Joe up out of bed…he was late to school. I had to forge Kathy’s name on his report card and Brandon and I had a talk about money.
This month, he’s -$482 but I overheard him talking on the phone about getting his girlfriend a jacket. I had a chat with him after that and it turns out the jacket is like 60 bucks! I try to explain to him that if he doesn’t get a handle on this now that it will only get worse and he will end up like most of the people out in the world and that he should not want to be like most people.
The poor kid gets stressed out but he just doesn’t let shit sink into that lil noggin of his too much. He is a good kid tho…..while I was grocery shopping he made dinner for us all. I just wish he’d get the whole money thing down. I’m taking him to my bank tomorrow to open up 2 bank accounts (one checking for bills and one account for him to PAY HIMSELF FIRST!)
Anyway, I’m exhausted…gotta hit the hay. I did no real estate today except I did accept 2 bpo’s in my area. I wish I didn’t now, I didn’t realize they were from a different company and it’s more work than I normally am willing to do for them grrrrrrrr
I figured I’d throw a lil old school LL Cool J in there today. Have you guessed yet that I’m leaving for California in a few days? Actually, I’m not technically going back as I’ve never been there, but I like LL and since he talks about it in this song, it’s just a fitting video for this post.
Our plane leaves the morning of the 1st. Actually, Kathy and I are on 2 different flights cuz she used her points to pay for our flights and it just worked out on 2 different flights. I do not like to fly at all. I get a nervous feeling in the pit of my stomach. I use to drink right before getting on the plane to help me feel better but I can’t even do that now because I cut out my once in a blue moon drink because alcohol gives me heartburn (and I don’t take anymore heartburn medicine.)
We got a pretty packed schedule out there. On the 1st, later that nite we are meeting a friend and her hubby for dinner and we are going to talk to them about atm’s as they are interested in partnering on a few deals with us. Then from the 2nd to the 5th we are going to be at a seminar called “Never Work Again” and it’s one of the seminars that T. Harv Eker puts on. This one is about passive income. It should be really good. I don’t know if any of you read his book,Secrets of the Millionaire Mind, but if you’re ever attended his free seminar the Millionaire Mind Intensive then you can only imagine what the seminars that you actually pay for are like!
After the seminar ends on the 5th at 7pm we’ll be driving to San Francisco. On the 6th or 7th we’ll be meeting with another friend and her husband and most likely doing a Rainbow presentation for them lol and then talking to them about atm’s as well. They are interested too! Then another friend of ours and her hubby, we’ll be meeting to most likely do a Rainbow presentation as well. We’ll probably throw in an atm talk too, but she doesn’t know about that yet. lol
Thennnnn we’re going to Alcatraz. That’s all I really wanted to do in Cali for real. So I’m excited about that. We’re keeping our spending to a minimum because of our budget, remember? That’s why we’re trying to meet up with friends and hang out, etc.
So, I probably won’t be blogging for a bit….definitely not during the seminar, but if I think of it, I will that way I can give you guys all of the important tips and tidbits I take away each day. And we can all get wealthy off of our passive income together! Woohooo!