Discover The Fortune That Lies Hidden Everywhere

A few tips discover from a network marketing book by Robert Kiyosaki, The Business School For People Who Like Helping People.

Robert Kiyosaki is the author of international bestselling book, Rich Dad Poor Dad. Robert is famous for his sayings that “we go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them…so they can enjoy the luxuries of this great world we live in.”

In this book, The Business School For People Who Like Helping People – The 8 Hidden Values of A Network Marketing Business, Other Than Making Money, Robert emphasize again that the overall population can be divided into four major groups.

The first two groups can further be categorized as “Work” or individuals who income potential is finite. They are also called active income group because they have to exchange time for money. If they stop working, they stop earning money.

Who are the active income earners or “Work” group?

1. Those who are Employed or employees who work for a system (a business, a corporation, a government,…etc) or stuck in the rat race treadmills because they have to exchange their time for paychecks. There is not really a lot of favorable advantage for these groups of people from wealth accumulation and financial freedom perspective.

2. Self-Employed – self employed people (e.g. lawyers, doctors, ...etc.) themselves are a system. If they stop, there is no system left to work on its own. They, like the employed, must work and exchange their time for money, if not, they will not be paid or earn any money. There is also not a lot of favorable setup for the 2nd group self-employed people from wealth accumulation and financial liberty perspective, although they do have some added benefit of generating greater financial growth than employees.

The next two groups are categorized as “Network” where we usually find the rich and wealthy. More importantly, they are the ones who recognized the importance of operating as a team and their income potential is infinite. They are called passive income earners because these groups of people do not have to exchange time for money. In other words, they have both financial and time freedom. According to research, they are also the top 5% population who own 95% of the wealth in this planet earth. This network category is where all of us should eventually move to…

Who are the “Networkers”?

3. Business owners such as Bill Gates, Carlos Slim Helu, are those who own a system but do not work in the system. A business owner set up businesses in such a way that it is a system that can be run by anybody (just like a McDonald's franchise). They then hire workers to plug into the system, work for them, and bring them money.

4. Investors (e.g.Warren Buffett, the richest man in the world) are those who invest in a system (corporation, securities, stocks, foreign currency, commodities,…etc) but do not need to work in the system. An investor has investments in systems that work for them and make them big money.

Do you see the key difference between these two categories, the Work and the Network? The people in the first Work category have to exchange time for money or stuck in the rat race wheel. If they do not give up their time, they will not get the paychecks.

The people in the second Network category can choose to work or not to after the rat race. They may initially spend time setting up the system, but once it is up and running, they no longer have to exchange their time for money. They take back control of their time and this enables them to live life as they wish. The system works for them and brings them money even while they are sleeping!

How great is that ya?

So, the next question is, how can we move quickly from the active to the passive income group?

Well, there are several ways, but the most affordable, yet most overlooked, is network marketing.

A network marketing system that leverage on people might be one of the solution to escape rat race. Once the network is established, it allows us to have a much stable and controllable life and frees up most of our time so that we can do other things that we enjoy or even start another systems or businesses (because we have all the free time to do so)!

T. Harv Eker, multi-millionaire and author of the best-selling, Secrets of the Millionaire Mind, says this about network marketing in his book:
"...network marketing can be a dynamite vehicle for wealth. But, and this is a big “but”, don't think for a minute that you are going to get a free ride. Network marketing will only work if you do. It will take training, time and energy to succeed. But if you do, incomes in the range of $20,000 to $50,000 per month - that's right, per month - are not uncommon."

Have a look at what Robert Kiyosaki has to say about network marketing. He says it is a great asset-producing vehicle, one that allows you to create assets that create more assets that create more assets that create more assets....

In other words, we recruit representatives (assets that add money to our pocket), who in turn recruit their own reps (more assets that add money to our pocket), who in turn recruit their own reps (more assets that add money to our pocket)...

So what makes network marketing so good when done in the right industry and with the right company?

Well, other businesses grow linearly while network marketing grows exponentially (rapidly becoming greater in size)!

Do you still need another reason?

It takes 20 years to build a reputation...

"It takes 20 years
to build a reputation
and 5 minutes to ruin it.
If you think about that,
you’ll do things
differently."

~ Warren Buffett

Warren Buffett - World Richest Man In The Planet Earth

Berkshire Hathaway Inc. Chairman Warren Buffett beat out Bill Gates for the top spot on Forbes magazine's annual list of billionaires worldwide, ending a 13-year reign for Microsoft Corp.'s co-founder.

Buffett's wealth increased $10 billion to about $62 billion in the 12 months through Feb. 11, mostly from a gain in his company's shares, Forbes said in a statement released Wednesday.

''He is iconic, the greatest investor of our time,'' said Ken Murray, who runs Blue Planet Investment Management in Edinburgh, which oversees about $250 million in financial stocks. He doesn't hold Berkshire. ''The fantastic amount of wealth he has accumulated puts him up there with Carnegie and Morgan.''

The fortune of Gates, 52, rose $2 billion to $58 billion. The Microsoft chairman fell to third on the list behind Mexican telecommunications mogul Carlos Slim, 68, who has an estimated net worth of $60 billion.

Forbes list shows wealth expanding in emerging markets around the globe, with Russia overtaking Germany as the second-richest country in terms of billionaires, and 70 percent of newcomers from Russia, India, China and the U.S. In 2006, half of the top 20 billionaires came from the U.S. This year there were only four Americans.

Buffett, 77, is the biggest holder of Berkshire Hathaway's stock with about 32 percent of the Class A shares as of July and 18 percent of the Class B shares as of Dec. 31, according to Bloomberg data.

The company's Class A shares rose 28 percent in the 12 months ended Feb. 11. They now sell for $139,000 each, the most expensive on the New York Stock Exchange. The S&P 500 declined 6.9 percent in the period.

Berkshire shares rose 4,700 percent in the 20 years through the end of 2007, six times more than the Standard & Poor's 500 Index, dividends included.
''Warren Buffett is a great example of an extremely smart investor who has stayed loyal to his valuation discipline,'' said Simon Carter, who manages $3 billion at Aegon Asset Management in Edinburgh. ''By taking advantage of the markets' preoccupation with short-term issues during downturns, he has systematically reinvested his cash at very attractive rates of return over his entire career.''

Berkshire Hathaway has a market value of $215 billion, ranking it 10th among the 500 largest companies by that measure, according to Bloomberg data.
Gates in November donated $695 million worth of his Microsoft stake to the Bill & Melinda Gates Foundation. Shares of Microsoft, the world's largest software maker, of which Gates owned 9.2 percent as of November, declined 2.7 percent during the period covered by the list.

Congratulations, Warren Buffett!

What is Warren Buffett's personal success then?

Click here to discover more about Warren Buffett's personal success

Personal Success Of Warren Buffett, The World Greatest Investor!

A recent interview (February 07, 2008) with the Financial Post, Warren Buffett, chairman of Berkshire Hathaway Inc., answered questions from some of Bay Street's top investor relations professionals. He shared more on his views on the markets, politics and the economy.

Q: What are your views on the credit crunch?
Warren Buffett: Credit has been repriced, but it has not become unavailable. There is repricing of risk and an unavailability of what I might call "dumb money," of which there was plenty around a year ago.

We first noted it big in the mortgage field. You had a situation a couple of years ago where virtually every American believed that house prices would do nothing but go up. If you've got every American believing that about any asset class, they're going to get more and more enthused about it, and borrow more and more money against it. And the lenders believed it, as well. And then you had Wall Street repackaging mortgages into unfathomable instruments that people bought to get a little bit extra yield, and now we are finding out what they own.

You've had the same thing in corporate finance, in what used to be called "LBOs," but has taken on a name with somewhat less stigma, "private equity." All of a sudden, the mortgage thing is starting to spread to some pretty big institutions.

I've said in the past, it's only when the tide goes out you see who is swimming naked. Well, the tide is now out, and it's not been a pretty sight.

Q: You made a bet against the U.S. currency. The dollar's come down substantially. Where do you see it going now?
Warren Buffett: At Berkshire, at the peak we had about US$22-billion of foreign-currency positions -- some of it was in the Canadian dollar, and I want to thank everybody here. There's no royalty though.

We have tried to emphasize businesses with earnings in other currencies --Coca-Cola, for example. That, to me, would be a superior way to bet on other currencies.

The only currency we hold now is the Brazilian real. If you grew up like I did, then having a holding in Brazilian currency you would have been committed someplace. In the last 100 years, five Brazilian currencies have gone to confetti. Wealthy people in a country like that would often stash their currency in another country like Switzerland or some place like that.

In the last five years the Brazilian real has doubled in value against the U.S. dollar, so if you were a Brazilian and you put your money in the American dollar, you lost half your net worth in your home country. And the outstanding thing about that is that during much of that period the Brazilian central bank was supporting the U.S. dollar.

Insanity consists of doing the same thing over and over again and expecting the same result. In the United States the cause, in my view, of the declining dollar is the current-account deficit, and the trade deficit being the biggest part of that.

We still, in the United States, are force-feeding about S$2-billion to the rest of the world. People will become a little reluctant over time to continue holding dollar-denominated assets. In the future, I would predict that the U.S. dollar will decline. I don't know what it will look like in the short term, but force-feeding the rest of the world US$2-billion a day is inconsistent with a stable dollar.

Q: It seems like short-term borrowing costs are almost nil. What's your view on inflation and whether the Fed is doing the right thing?
Warren Buffett: The fed has to balance a couple of things.

Click here to read the full article of Warren Buffett

Success Stories Of World Wealthiest Men In This Planet Earth

Bill Gates and Warren Buffett are 2 of the most outstanding business leaders of our time. Together, they share their personal experiences in an extraordinary conversation about success.

From the cover pages of Forbes to headline making news of Fortune Magazine, Bill Gates and Warren Buffett have become famous for gracing every business publication you can possibly imagine. Microsoft boss Bill Gates is often credited with the creation of the PC industry while legendary Berkshire Hathaway chairman Warren Buffett is the “World’s 2nd Richest Person” as ranked by Forbes. Gates and Buffett have different backgrounds, but they agree on one thing: You’ve got to enjoy what you’re doing to be able to see success.

Hope you learn something from an excerpt of conversation with Warren Buffett and Bill Gate that I extracted from an online seminar at SkyQuestCom:

How do you define success personally?

WARREN: Well, I can certainly define happiness. Because that’s what I am. (Audience laugh) I get to do what I like to do every single day of the year and I get to do it with the people I like. I don't have to associate with someone who causes my stomach to churn. (Audience laugh) And the only thing in my job I don't like, and it only happens in about 3 or 4 years, is that occasionally I have to fire somebody. I don't like that. It is the only thing, other than that, I tap dance to work.

And I get down there, I think I am supposed to lie on my back and paint the ceiling, that’s the way I feel! It's tremendous fun. They say success is getting what you want and happiness wanting what you get. Well, I don't know which one applies in this case but I do know I wouldn't be doing anything else. I do advise you to go work for an organisation you admire, with people you admire, because it will turn you on and you ought to be happy at where you are working.

I always worry about people who say, “I’m going to do this for 10 years, even though I don't like it very well but I will do 10 more years of this.” I mean that's little like saving up sex for your old age. (Audience laugh hard) It’s not a very good idea, so get right into what you enjoy and you will be successful at it! (Audience laugh hard) You really will, you wouldn't be able to miss.

I don't regard what I do is the most important thing in the world but it's right for me. I happen to be wired in a certain way in that what I do works in this. It lasts about 10 minutes and that's true for a lot of things. But luckily I kind of stumbled on the thing I do best and it's worked out.

BILL: I find that the key point is that you’ve got to enjoy what you do everyday. For me, that's working with very smart people. It's working on new problems. You know every time we think, “Hey we have a little bit of success”, we are pretty careful not to dwell on it too much because the bar gets raised, as do people's expectations of the products. We always get customer feedback telling us that machines are too complicated, they are not natural enough.

And the competition, the breakthroughs, the research, make the field I'm in, which I think is the most exciting field there is. There's another good field- biotechnology is a good field because it is changing the world of medicine and health. But the computer industry, in particular software, I think is the most exciting. I think I have the best job in that business.

WARREN : (Quips jokingly) Don’t you think Dairy Queen is more important? (Audience laugh)

BILL : You can manage Dairy Queen. I'll go and buy the Dilly bars.

WARREN : I'm counting on it. We'll raise the price when you come. (Audience laugh and clap)

BILL : (Replies jokingly) Ok.

WARREN: I have turned down business deals that were otherwise decent deals because I don't want to deal with people I don't like to work with. I didn't see any sense pretending it and to take it on, to get involved with people who cause your stomach to churn. I say it’s a lot like marrying for money. It's probably a bad idea under any circumstances but it's absolutely crazy if you're already rich, right?

The is only the tip of the iceberg of the 54 minutes conversation with Warren Buffett and Bill Gates ...

More can be found at SkyQuestCom ...

CLICK HERE to secure a place and get immediate access to discover the secret of success by Bill Gates and Warren Buffett!