3 Make Money Online Myths

I received the following email from Ken McCarthy who runs the systems seminar which he talked about some of the biggest myths about making money that I thought I’d share with you.

I find them to be very true, and I especially like Myth #1.  This is not to say that you will always have to work hard, but you do need to do your share of planting a tree before you can enjoy the shade.

==== reprinted with permission ====

Steve

This summer I find myself working harder than I have in a long time.

And you know what?

That’s a good thing.

If this confuses you, you should read a book called “The Millionaire Next Door.”

It explodes a lot of the biggest myths about m’oney making.

Myths that quite frankly, a lot of people are working overtime trying to sell you because they want you to spend without thinking.

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Myth #1: Millionaires don’t work hard
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I know many, many people who’ve become
financially successful starting from scratch.

Folks who’ve elevated themselves from zero to millionaire and multi-millionaire status.

And they all share one thing in common…

They work much, much harder than the
“average” and “sub-average” person.

I know this flies in the face of the guru fantasy guys, but sorry, it’s reality.

The good news is if you think you must being doing something “wrong” because you work so hard, guess what?

You’re on the right track.

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Myth #2: Millionaires spend lots of money on toys and other indulgences.
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Yes, the news media loves to shower attention on big spenders. After all, extravagant people make for good stories.

The gurus like to talk about their expensive cars,  their expensive vacations, their over-sized homes.

They’re idiots.

I’ve met many people who could buy and sell the average Internet guru hot shot tens times over and most of these self-made folks are militant about living normal, low key lives.

Why?

They’re more interested in building their net worth than building their overhead.

(Read that sentence again. It may be the most succinct and powerful financial advice you’ll ever get.)

====================================================
Myth #3: Millionaires are all about the “lifestyle.”
They know the best clubs, the best vacation spots, the best cars, the best of everything ====================================================

Financially successful people are all about being effective in their marketplaces.

They could care less about *appearing*
wealthy. They’re far more interested in
*being* wealthy.

They’re constantly on the look out for opportunity.
They’re always seeking ways to be more productive, to make their offerings better, to reach new markets.

They make a game out of it.

When you’re in the right market and you enjoy what you’re doing, it’s fun.

“Normal” people want to take it easy. They dream about retiring early. About getting something for nothing.
That’s the formula for getting nowhere.

There are two kinds of people in the world when it comes to wealth building…

People who are production minded and people who are consumption minded.

When people who are consumption minded
get a windfall, their first thought is to how to spend it.

When production minded people get a
windfall, they put it aside and get back to work. They try to figure out how to take the win and leverage it to go even further.

That’s the mind set of the entrepreneur.

And when you live this way, you’ll find you have the money of anything you really need or really want to do.

“The Millionaire Next Door” is a great book and it will help you get your head screwed on right about money and how it’s really made and accumulated.

*** Opportunities for Internet marketers

This summer I’m working hard on new ways to bring more people to the Internet marketing world the right way.

Three things for you to check out:

— The System Intensive in London

If you live in the UK or Europe, or can otherwise get to London easily, and you want to learn how to use Internet marketing and direct marketing to build real, solid wealth, I be offering a unique training called the System Intensive this fall in London.

More details are available here:

http://www.SystemIntensive.com/uk

— The System Boot Camp in Chicago

The annual System Seminar is where people with six, seven and even eight figure a year businesses go to get new ideas and inspiration on how to take their businesses even further.

But what if you’re just getting started or you’re still trying to make your first big breakthrough in Internet marketing?

Where can you go?

It’s been seven years since I offered a
course especially for beginners and
intermediate Internet marketers.

This fall, I’m offering a brand new
one that includes all the big changes
that have taken place in Internet marketing in the last seven years.

I’m not sure when I’ll get the chance to offer another training like this in a live setting…so if you want to get the training that has launched more Internet marketing success stories than practically all the other seminars out there put together…
check this out.

More details are available here:

http://www.SmartBeginners.com/bootcamp

—- The Virtual System Seminar

Until now, the only way to access the
System Seminar training has been to get on a plane and come to Chicago.

Not only has the tuition gone up steadily every year since we started, but so have transportation costs and it looks like they’ll be even higher next year.

For years, people have been asking me to make the System Seminar available remotely.

This is the year we’re going to do it.

For people who know a great opportunity
when they see one and don’t need a big
song and dance, we have an amazing deal
for smart early birds.

More details are available here:

http://www.thesystemseminar.com/2008/cds/

However you decide to use your summer…
whether to work or play, or do some of both, I hope it’s a great one for you.

It’s been a long time since I’ve been on school, but summer still represents freedom to me and that, ultimately, is what smart entrepreneurs are working for.

Best,

Ken

P.S. This would be a very smart way to make your summer highly productive:

http://www.thesystemseminar.com/2008/cds/
Ken McCarthy
The System Seminar

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* The System Seminar  March 27 - 29, 2009 The annual gathering of *serious* Internet entrepreneurs http://www.TheSystemSeminar.com

* London UK - System Intensive November 15 & 16, 2008

* Home study solutions for Internet entrepreneurs http://www.KensCatalog.com

* Serious marketing books for serious marketers http://www.RealMarketingBooks.com

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The System
Education for Internet Entrepreneurs
14 North Road
Tivoli, NY 12583