In the introduction section of the book, Michael mentioned that getting rich involves 3 components :
Creating a seven figure net worth in seven years or less may sound outrageous.. even impossible. But according to Michael, it can be done.
Dale Carnegie argued that the best way to guarantee that you will accomplish an objective it to make it your number one priority. After the No.1 priority is determined, spend the remaining 10 weeks or so focusing on it. At the beginning of every day, you have to remind yourselves whether you have a purpose. And throughout the day, we had to make sure that all our actions and decisions reflected that purpose.
It is important to have a full balanced life – one that includes not only work but also friends, family and community involvement. That means you should think in terms of 4 categories when setting goals :
1) Your health
2) Your wealth
3) Your social life
4) Your personal life
– attained and maintained your high school body weight
These are all reachable goals, but they are also ambitious. If you give them equal weight, chances are you will not be entirely successful. There’s only one way to be absolutely sure that you’ll reach your financial goal (having a seven-figure net worth in 7 years) : you have to make it your top priority. Other goals are extremely important to you, but wealth building always has to come first – every year, every month, every week, and even every day.
The Seven Years to Seven Figures wealth-building program is based on experience. My experience tells me that you can’t get rich fast unless you dramatically increase your income. There are many ways to dramatically increase your income, and none of them involves scrimping and saving pennies.
1) Invest directly in a brand-new business
There are all sorts of ways to improve the rate of return you are currently getting on your stocks and bonds. But this book is devoted to mainly 2 things – experiences on others who have achieve 7 figure wealth in seven years or less by doing 2 things : investing in new businesses and real estate.
For more information and articles by Michael, you can visit his website at http://www.michaelmasterson.net/