Imagine this: You receive a phone call from the estate of a long-lost
relative. You have inherited a million dollars in cash! It's waiting for
you in a Swiss bank but there is one catch: The key to the safety
box is hidden in a silver container at the summit of Mount McKinley
in Alaska. The instructions are clear: you must personally climb the
mountain within 12 months. If you don't the money is lost forever.
Becoming an Enlightened Millionaire may not be nearly as difficult
as this task. But it is similar. Almost anyone can be a millionaire, but
it takes proper preparation, right mentorship and a time-tested path
to being an enlightened millionaire. Read on and find out.
Are you willing to share the oxygen we breathe? Do you mind if
someone takes a few extra breaths? Of course you don't. Why?
Because there is more than enough for everyone. Anyone who has
more than enough of anything will naturally share what he has with
others. The cascade effect of 1,000,000 millionaires sharing their
wealth (both in knowledge and in cash) will positively change the
economic future of the world.
TThhee OOnnee MMiinnuuttee MMiilllliioonnaaiirree
Author: Mark Victor Hansen and
Robert G. Allen
Publisher: Harmony Books
Date of Publication: October, 2002
Number of Pages: 388 pages
Websites: www.randomhouse.com
www.oneminutemillionaire.com
Ab Abouout th t the e Au Autho thorr
TThhee B Bigig I Iddeeaa
Why We Want You to Become an Enlightened
Millionaire
Why We Want You to Become an Enlightened
Millionaire
Mark Victor Hansen is the coauthor
of one of the biggest-selling book
series in history, Chicken Soup for
the Soul, with more than 80 million
copies in print.
Mark has been a public speaker for
twenty-five years, entertaining and
enlightening audiences worldwide.
He is the author of five other books
and six popular audio programs, and
is the recipient of numerous
honorary degrees and awards,
including the Horatio Alger Award.
Robert G. Allen has probably helped
to create more millionaires in this
country than any other single
person. He is the author of some of
the most successful financial books
in history..
Nothing Down has sold more than
1,250,000 copies, and his other
books—Creating Wealth, Multiple
Streams of Income, and Multiple
Streams of Internet Income—have
all been major New York Times
bestsellers.
Published by BusinessSummaries, Building 3005 Unit 258, 4440 NW 73rd Ave, Miami, Florida 33166 ©2003
BusinessSummaries• All rights reserved. Reproduction in whole or part is prohibited.The O The One Min ne Minute M ute Milliona illionaire by ire by Mark Mark Vincen Vincent Hans t Hansen & R en & Robert obert G. Allen G. Allen
Every 60 seconds, someone in the world becomes a millionaire. There are
literally millions of millionaires the world over. Some of these people took
years to accumulate their wealth, some took less than a year, some even
less than 90 days. The vast majority of millionaires share certain
characteristics that almost all millionaires share. They implemented
millionaire techniques and strategies. Hence, you must adopt the
millionaire mind-set. Here is a three-stage process called the Millionaire
Equation:
A Dream + A Team + A Theme = Millionaire Streams
1. Dream: Building the Millionaire Mind-set - self confidence and
burning desire.
2. Team: Attracting mentors and masterminding partners to help
make your dream a reality.
3. Theme: Selecting and applying one or more of the basic
millionaire models for making money fast.
Every process has a beginning and an end. When you focus on the first
15% of that process and get it correct (initial conditions), you ensure at
least 85% of your desired outcome. By focusing on the first 15% of
anything, the remaining 85% will effortlessly follow. This is what the One
Minute Millionaire is designed to do. It is a system that creates tiny
movements in your thoughts and actions - one minute at a time. Once you
do, these tiny one minute corrections will speed up the process of your
becoming an Enlightened Millionaire.
According to the Butterfly Effect, the tiny flutter of a butterfly's wings can
create enormous changes around the world. Similarly, we believe you can
accomplish amazing things with your life - even become a millionaire -
using a carefully designed system of focused actions delivered in 60-
minute increments. Each of these million-dollar flutters a Millionaire
Minute:
Flutter 1: The Enlightened Millionaire Decision
Everywhere you look, growing numbers of people are feasting on
incredible banquets of riches, while the rest settle for the crumbs that fall
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from the table. The journey to financial freedom starts the Minute you
decide that you were destined for prosperity. It only takes a minute to
decide. Decide now.
Flutter 2: The Enlightened Millionaire Idea
Have you ever had an idea for a new product or service? Then later you
discover that someone else has beaten you to it. Realize that almost
everyday you have a new million-dollar idea. The minute you become
aware of it, you're a One Minute Millionaire. But awareness is not enough.
Next you have to act on it.
Flutter 3: The Enlightened Millionaire Pattern
How many times will you spend money today? Rich people look at these
money transactions differently than most people. During each money
transaction, they invest an extra minute. This extra minute makes them
rich.
Flutter 4: The Enlightened Millionaire Technique
The entire process of becoming a millionaire can be broken down into bitesized, one minute techniques. Yes, you can become a millionaire one
minute at a time.
Flutter 5: The Enlightened Millionaire Moment
A moment occurs in every millionaire's career when everything hangs in
the balance - when the temptation exists to turn back. Will you be ready for
your millionaire moment? When it happens, take a minute. Breathe deeply.
Take another step forward.
Flutter 6: The Enlightened Millionaire Threshold
All great contests come down to the final minute - the last step you take as
you cross the finish line - the final dollar that puts you over the top. Won't
that minute be exciting?
The Enlightened Millionaire pursues a principled approach to wealth:
First: do no harm. The Enlightened Millionaire commits to avoid any
wealth-building activities that harm or impoverish people.
Second, do much good. The Enlightened Millionaire enjoys creating
wealth that improves the lives of many people. The goal is to enrich oneself
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while enriching others.
Third, operate out of stewardship. Enlightened Millionaires are
stewards over their financial blessings - enjoying the privileges of financial
success while creating an ongoing legacy to bless others.
There are two routes to climbing the Millionaire Mountain: a short and long
one. The long route is the safest and easiest. You can literally become a
millionaire by investing as little as a dollar a day. To become a millionaire in
your lifetime, all that is required is (1) the ability to find investments that
yield at least 10% annually after taxes and (2) the discipline to keep up the
process, year in and year out. But this is the long route and is certainly not
the way most of us want it. Nonetheless, while finding your way to the fast
route, why not also take time and invest in the long route?
No matter your present circumstances, here are the four steps to your first
million:
1. Decide that it's okay for you to become a millionaire
2. Practice imagining yourself enjoying an abundant lifestyle
3. Spend less than you earn
4. Invest the difference
In the whole wide world of money there are only four major ways of
becoming a millionaire. No matter what your background, you can learn to
master one of these areas.
1. Investments: Accumulating shares of stock, bonds, CDs
2. Real Estate: Owning properties
3. Business: Marketing products, services or ideas
4. Internet: Expanding possibilities
Why call this the Mountain Range of Wealth? A lot of routes can be taken to
the top of each mountain. But for now, realize that you will probably reach
your million-dollar goal with a combination of all four.
Principles are simple yet powerful models that help us understand how the
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world works. There are at least 24 Principles of Wealth. Let's call them
"Ahas."
First Aha: Everyone Manifests
Look around you. Everything you see began as thought in someone's
mind. The chair, the table, the car. The verb for turning thoughts into things
is to manifest. First you think it, then you manifest it. You "materialize" it.
You cause it to appear. Everyone manifests. Some people manifest
abundance. Some manifest lack. Think positive thoughts, intensely. Grow
enthusiastic images. Speak only wonderful words to yourself. Like a
magnet, you will attract the resources necessary to manifest the world you
desire.
Second Aha: Be-Do-Have
To become an Enlightened Millionaire you must DO what you love, add
enormous value, and leverage it. Of course BEING an Enlightened
Millionaire already is the first step. When both being and doing are correct,
you will HAVE your desired outcome.
Third Aha: Live Life Above the Line
Whenever something goes wrong, most of us tend to blame someone else.
The world makes progress by learning from mistakes. Life is a succession
of such learning. The Enlightened Millionaire embraces each outcome
from above the line of blame. As a result, the next choice is likely to be
wiser.
Fourth Aha: Abundance is Your Natural State
The Universe is fundamentally abundant. There is no shortage, except in
our own mind. Infinite money potentially awaits each of us who apply the
principles of acquiring it. You can decide to become wealthy and abundant
now, and the Universe will cheerfully provide.
Fifth Aha: Givers Get
Properly adding a million dollars to your net worth is our primary objective,
yet to obtain this you must first give. This is one of the Enlightened
Millionaire's paradoxes. Reflect for a moment. Aren't the people with the
most friends the ones who are the most friendly? Aren't the people who
receive the most love also the most loving? Similarly, those who have the
most in wealth aren't afraid to give to others.
Sixth Aha: Changing Your Reality is a Snap
Your thoughts have the power to curse or bless. They can lead you to
plenty, abundance and surplus. The choice is yours. You can control your
thinking. Your thinking controls your behavior. Your behavior controls your
results.
Seventh Aha: Words Transform
This is your challenge: Choose your words carefully. Only speak with good The O The One Min ne Minute M ute Milliona illionaire by ire by Mark Mark Vincen Vincent Hans t Hansen & R en & Robert obert G. Allen G. Allen
purpose. If it doesn't serve, don't say it. If you catch yourself speaking
words that don't serve, put $2 into a bowl. Then watch the results in your
life.
Eighth Aha: You Are Your Wealth
Literally, as a beginner, there are only three resources you need: a good
idea; the commitment to do it; the key contact who possess all the other
resources. Here is your motto: Every resource I need (tangible or
intangible) is possessed by someone, somewhere at this moment. How
can I find these individuals and persuade them to provide me with these
resources?
Ninth Aha: Wealth is Freedom
With time and money freedoms, you can pursue relationship freedoms and
also spiritual freedom. These help you have more space to take care of
your health, too, and be physically free from health constraints. Ultimately,
you have all the time to pursue the best life has to offer.
Tenth Aha: It All Starts With A Dream
Where will you be five years from today? Are you still living in the same
house? Driving the same car? Working at the same job? Does five years
pass and make you older, grayer, fatter? Tonight as you drift off to sleep,
imagine a bright abundant future for you in vivid detail. Tomorrow, when
you wake up, awaken inside your dream world. Do this for the next 90 days
and notice the amazing things that will spontaneously happen in your life.
Eleventh Aha: Clarity is Power
Every book on success talks about the importance of goals. But almost
none of them talks about how to think about your goals. Decades ago, a
successful philosopher named Neville gave us the secret. He said: Don't
think of your goals, think from your goals. This will provide you a clearer
view of how to proceed with your life's mission.
Twelfth Aha: More Clarity is More Powerful
Goals are critical to your success. We recommend you start a special
notebook for your goals. Whenever you think of something you would like
to accomplish in your life, write it down in your goal book. Then on a daily
basis, write down your six major goals. Write it. Read it. Say it. See it.
Notice how your goals magically materialize into your life.
Thirteenth Aha: Tap Into Your Genius
Are you a "genius"? Expressing your genius is knowing what you want to
do with your life and doing it because it expresses who you really are. Tiger
Woods, Oprah, Warren Buffett, Bill Gates. They're expressing their genius.
It's hard to imagine them doing anything else. No wonder they are so
successful! Here are four characteristics of people who are expressing
their genius:The O The One Min ne Minute M ute Milliona illionaire by ire by Mark Mark Vincen Vincent Hans t Hansen & R en & Robert obert G. Allen G. Allen
1. Passion. They love what they do. If they weren't getting paid,
they'd do it for free.
2. Talent. They're good at what they do. 3. Values. Doing what
they do is extremely important for them.
4. Destiny. They have a sense that they are doing what they were
born to do - making their own unique contribution along the way.
Fourteenth Aha: Loverage
Becoming an Enlightened Millionaire is easy as one two three:
1. Do what you love
2. Add enormous value
3. Loverage it.
Loverage is the power that flows from a person who is living the charmed
life.
Fifteenth Aha: Imagination Trumps Will
When your will - your rational, logical self - comes in conflict with your
imagination - your creative, right-brained self - your imagination always
wins. Put simply, your imagination is the key. Imagine the best-case
scenario. Project the best possible outcome.
Sixteenth Aha: The Size of the Question Determines The Size of the
Result
If you ask yourself "How do I earn or create a million dollars?" your mind
goes to work to discover the answer. Note that most individuals ask
questions like these: "How do I get a job, salary, or work?" or "Can I earn
$50,000 doing this?" The wrong question will generate the wrong result or
a less than outstanding outcome.
Seventeenth Aha: You Already Know the Answer
You already possess an amazing ability to "know" which direction to go.
You simply need to learn to interpret your own signals. Take time to
cultivate your intuition. Before you make a decision, check with your "inner
knower." Go with your "gut." It is almost never wrong.
Eighteenth Aha: Be Congruent
Some people expend enormous amounts of energy trying to become
financially successful. They go through all the right motions, yet success
seems to somehow elude them. To manifest abundance, you need to
achieve congruence - the condition where all parts of you are in alignment.
Nineteenth Aha: You Are a Money Magnet
Simply, you become a literal magnet for the things you want, if you want it
deeply and sincerely. If you really want money, money literally can't say no.
Twentieth Aha: Knock and it shall be Opened
Commitment is the spark that ignites the fire. Commitment is the key that The O The One Min ne Minute M ute Milliona illionaire by ire by Mark Mark Vincen Vincent Hans t Hansen & R en & Robert obert G. Allen G. Allen
starts the engine. When you are committed, the cells in your body are
energized by the passion of your purpose.
Twenty-first Aha: Sharing is Having More
The Enlightened Millionaire donates the first 10% of all of his or her
income. This giving multiplies your prosperity a thousand times.
Committing to this will transform your life and make you richer than you
ever dreamed possible.
Twenty-second Aha: God Knows Where the Gold Is
In various studies, we find no other promise made so clearly. God
challenges us to prove Him - to put Him to the test. This principle has been
put to the test countless times. The Enlightened Millionaire acknowledges
that God knows where the gold is. Allow God to show you.
Twenty-third Aha: Destruction is Creation
Often, an individual returns to his or her original state when a new force is
no longer being applied. To create permanent change, a force must be
applied that is strong enough to exceed the "elastic limits" of the object or
old conditioning of the individual. Start focusing on your future vision and
identify one pattern that you are certain you must have to reach the
Enlightened Millionaire status. Do this in order to move into the next new
level of your life.
Twenty-fourth Aha: Putting It All Together
Getting your act together is the final key to manifesting what you want in
your life.
Leverage is the power to control a lot with just a little. Big doors swing on
little hinges. Boulders get lifted with little force. In the business world, there
are five kinds of leverage:
1. OPM or Other People's Money
2. OPE or Other People's Experience
3. OPI or Other People's Ideas
4. OPT or Other People's Time
5. OPW or Other People's Work
When the combined force of mentors, teams, networks, tools and systems
is applied to a strong, long lever, miracles can happen in minutes.
The dictionary defines the word mentor as a "wise and trusted counselor or
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teacher." Another common definition is a "coach." Very few people
achieve great success without personal mentors. Here are some
important things about mentors you need to consider on your road to being
an Enlightened Millionaire:
1. Every successful person has mentors
2. Mentoring is a powerful form of leverage
3. Mentors are everywhere
4. Mentors don't need to be people (Anything the causes you to
Change course in your life can serve as mentor)
5. Constantly seek out mentoring relationships
6. Assemble a dream team of your favorite heroes, present and past
7. Set a goal to search out at least one millionaire a month
8. The best kind of mentor is a transformational mentor
Success is not a solo project - it needs to be shared. And success is not a
competition. There is plenty of it to go aground. You have to work with a
team that shares the same dream or objective. A team is part of your lever.
It makes success quicker and easier. It's all about synergy - the concept of
adding 1 and 1 and getting 11 instead of just 2. People working together
can accomplish far more than they can separately.
1. A network of relationships increases your leverage. The more
connections you have, the more leverage you possess.
2. One principle for extending your network lever is "weak ties."
Most people intuitively feel that it is their close friendships and
strong ties that are most important. In fact, in most cases, your
weak ties are more important.
3. You must master the strength of the weak tie. Most people do not
instinctively cultivate "weak-tie" relationships. However, to make
large sums of money quickly, you need to hone this skill.
4. Those who "network the networks" gain the most leverage.
5. "Givers gain" should be your networking motto
6. Once you have created a network, do whatever it takes to
Maintain it
Enlightened Millionaires realize that there is a spiritual dimension to
wealth. They understand that this unseen world is the source of infinite
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abundance. When you unite with the source of infinite abundance, you
also become infinitely abundant. Embracing the spiritual component of
wealth and recognizing the existence of the Infinite Network is the single
most important and most powerful form of leverage. Here are some
nuggets of wisdom from the infinite network to guide you to your path of
wealth building:
1. Embrace the spiritual. Embracing the spiritual side of wealth is the
single most important and most powerful form of leverage for
Enlightened Millionaires.
2. The unseen world is the source of infinite abundance. When you
unite with the source of infinite abundance, you also become infinitely
abundant.
3. Integrity is the key to tap into the infinitely abundant Infinite
Network. It is this integrity that ensures your long-term success.
4. Tithing works. Regardless of your income, acknowledge your
relationship with the Infinite Network by giving 10% of your income to
your church, community, or favorite humanitarian cause. Just as a
wise gardener prunes a growing tree to balance it and prepare it for
greater growth, God encourages us to prune back our money trees by
tithing.
5. Acknowledging the spiritual dimension makes your life far less
stressful. Moreover, as your success gracefully unfolds, a deep sense
of gratitude will permeate your being.
6. Dream impossible dreams. The Spiritual Internet has God as the
mainframe computer, with individuals as mini-frames of the
mainframe. The Spiritual Internet works when a team has a big,
purposeful dream, and everyone stays positive about its
accomplishment.
You must own and know how to use each of the tools available to us today.
Computers, handheld devices, modems, etc. are all part of the
Enlightened Millionaire lever. Having these items (tools) and knowing how
to use them (skill) is critical to your success. Here's a rundown of insights
and facts about present-day tools and skills that you should be aware of:
1. You, the individual, now have the power. In the age of inexpensive
computers, wireless handheld devices, and ubiquitous low-cost
connections to a global communications network, you now own or can
own the means of production.
2. You must own and know how to use each of these tools.
3. Master the power of persuasion. The person who chooses to
master the skill of persuasion can positively affect millions around the
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world.
4. Wealthy people are good at the seven money skills:
a. Value: Each dollar bill as a money seed
b. Control: Control your money to the penny
c. Save: Save at least 10% of the money you earn
d. Invest: Have a system for investing your money
e. Earn: Have MSIs outside your job
f. Shield: Protect yourself with legal entities
g. Share: Donate at least 10% of your income
5. The Enlightened Millionaire pursues a principled approach to
negotiation. Its context is one of abundance rather than scarcity. The
Enlightened Millionaire intends to work cooperatively with the other(s)
to expand the situation so that everyone wins.
6. An Enlightened Millionaire values time. Eight-five percent of what
you do account for only 15% of your results. And vice versa. Therefore,
only work on the critical things, and you'll get there faster and with less
effort.
Enlightened Millionaires search for successful systems before they launch
their moneymaking vehicles. Having the right system gives you enormous
leverage.
1. Ninety-four percent of failure is caused by the system, not the
people. Most people want to do a good job. Ninety-four percent of all
failures are not because people don't want to do a good job. It's
because the system they were using failed.
2. All wealthy people have systems.
3. Million-dollar benchmarks. On the way to your first million dollar,
you will cross several million-dollar benchmarks. Are you tracing these
benchmarks?
4. Ideal money making systems have five characteristics:
a. Zero cash
b. Zero risk
c. Zero time
d. Zero management
e. Zero energy
5. Prosperous people have always known two truths: The
importance of having multiple streams of income and The power of
residual income
1. To be a successful investor, you must either find value or create value.
Here is what you are looking for:
! Discount situations
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! Distressed properties
! Conversion opportunities
2. Being successful as a real estate investor boils down to mastering three
specific skills:
! Finding deals: How to find real estate bargains
! Funding deals: Qualifying for mortgages and finding down
payments
! Flipping deals: Marketing properties quickly and profitably
Here are some steps to this process:
1. Only buy residential property within a 50-mile radius of your home
2. Pick a target territory about one mile square and become an expert
there
3. Locate motivated sellers
4. Analyze each potential deal by asking five key questions: What is
the price? What is the property condition? What are the terms? How
about the location? Is the seller highly motivated to sell?
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