e-Wealth Daily: Free Ways to Make Quick Money, Ways to Become Rich

How Millionaires Become Millionaires... Using Winning Phrases
to Get What You Want... Five Costly Mistakes Even Experienced
Businesspeople Can Make, Part 1... and More.

**How Millionaires Become Millionaires
By Adrian Newman, Founder of e-Wealth Daily

If you've ever said, "I'm sick of being poor and I want to live like a millionaire!" then I'm about to burst your bubble with regards to the millionaire lifestyle.

Here is the myth:

Millionaires live in lavish, expensive mansions with 10 luxury automobiles. They vacation every month and eat only the finest meals. They have a multitude of servants and never have to worry about spending their money.

This myth is usually the product of watching too many reruns of that old show Lifestyles of the Rich and Famous!

Now, I will admit that millionaires who have acquired their money through talent (movie stars, music stars, pro athletes) or have inherited it because of their genetic disposition (see Paris
Hilton!) might live like this.

But the millionaires who have earned their wealth through their own hard work and innovations still know the value of a dollar.

In fact, you may be shocked to find out that most of them hang on to their money with a
death grip.

Here are some examples of millionaire money habits and how they differ from the millionaire myths.

Homes:
The myth is that millionaires have homes all over the world, some sitting empty for most of the time because they only visit them for one week a year.

This couldn't be further from the truth. Sure, a millionaire will buy a nice home with all the luxuries he wants. But the smart millionaire will also look at the home as an investment with a forecasted return.

As for their vacation homes remaining empty for 51 weeks a year... it never happens! I know one guy who owns three vacation homes: one in Italy, one in Mexico, and one in St. Maarten. When he isn't there, he has his travel agent rent them out for him. These places are rarely vacant and he's making money on them when he's not there!

Cars:
Six Ferraris, three Hummers, and a chauffer-driven Rolls-Royce? Not likely, unless you are a car collector and plan on making some money on these later on.

Sure, the millionaires I associate with drive Hummers, Jaguars, and Mercedes, etc., but they all realize that the value of these cars drops as soon as they are driven off the lot. So, they negotiate the best deals they can. They never flaunt that they have the money to buy these luxury vehicles and they rarely spend money on "options" that they deem useless.

Toys:
Let me tell you a story about toys! Years ago, I knew this one guy who had a $10,000 stereo system in his car that would shake street lamps when he drove by. He was the first to own a DVD player and MP3 player, and he was usually the first in line to get the newest video game system when it came out (and usually these things would be introduced into the market every three to four months!). He would also buy the most expensive sunglasses.

Yet, he lived in a rat-hole of an apartment and was always short on cash. He had no savings account, didn't have any investments, and was working short-term, dead-end jobs. Basically, any money he would make, he would spend on toys just so he could show off.

That's not the millionaire mindset. Sure, millionaires like to buy toys such as boats and home entertainment systems. But when these millionaires were just starting out, they would never dream of putting their money into anything where they wouldn't be able to get it back.

And this is where I'm going to leave you today. When you are starting out on the path to success, you should do just two things with your money:

Put it somewhere where it can grow (such as investments, real estate,
and reliable business ventures).
Spend it on necessities (food, clothing, shelter, and, yes, leisure).

Never spend more than you earn and forget the credit cards.

Do this and you'll be taking the first step to becoming a millionaire.

** Using Winning Phrases to Get What You Want
By Doug D'Anna, the "Hundred-Million-Dollar Man"

You should think of your conversations with others as a means of promoting yourself. Also, know that you only have a few seconds to grab someone's attention and make the most of the opportunity. Here is a list of my sentence starters, persuaders, and closers to confidently target and tackle the different personalities you may encounter. Remain enthusiastic and receptive to fresh ideas and perspectives. Once you set the wheels in motion, there will be no stopping you.

"You are going to absolutely love this idea. It's exactly what you are looking for."
(This statement opens the other person's mind to your message.)
"Imagine, for a moment, what if would feel like to..." (Over the years, I have found that painting a picture in a person's mind is the most effective means of persuading them in your direction.)
"If there were a way to _________, you'd like to know about it, right? " (By identifying
a person's goals first, you can also use this sentence to open their mind to your message.)
"You are really going to be happy with _______, because..." (Everybody wants to be happy. And in our age of skepticism, everybody wants proof. This sentence accomplishes both.)
"Just think how much easier your life will be when you... " (This sentence also paints a picture in someone's mind on the subconscious level.)
"Let me tell you about the great results my other clients have enjoyed with..." (Stories are powerful persuaders. With this sentence, as you tell the story about your other client, the other person will
place himself in the lead role.)
"How does that sound?" (This is one of my favorite closing techniques. It allows a prospect to make a buying decision on a subconscious level without you asking him if he is going to buy. When he says, "It sounds good," then he will then go ahead and buy from you.)
"Let me explain why..." (Again, to influence people in your direction, you will need to lay out the benefits for them. People seldom take your word at face value. You must back up what you say with benefits. This sentence starter does just that.)
"I really appreciate the way you..." (People love to be complimented. They want to feel special and can't hear enough praise. This sentence starter will move them favorably in your direction.)
"How can I help you?" (This is one of my favorite questions! It's so simple yet it's often
overlooked by others. When you ask it, people will tell you exactly what you need to know in order to move them in your direction. Try it!)

** Five Costly Mistakes Even Experienced Businesspeople Can Make, Part 1
By Michael Newman, the "Money Finder"

You've got a great product or service, and now you're making a pitch to potential buyers. Ensuring a pleasant experience while still getting your points across can be a tricky balance to achieve. Here are my suggestions to help you avoid five possible mistakes even experts could make. Today, I'm going to go through the first three suggestions...

Create an appropriate environment:

Have you ever walked into a store that smelled of stale food or cigarettes? Have you ever had to yell to a salesperson in order to talk over the loud music that's being pumped throughout a store? Well, I have, and each time that happens I turn around and walk right out. It won't matter if you have the lowest prices in town or the best quality service — if your customers don't feel comfortable, you will lose out on both sales and potential repeat buyers.

Always consider your customer's comfort level when you chose a location to sell your product or service from. For those of you who work out of your home, this can prove to be quite a challenge.

Pets and children can create distractions that could risk how professional you appear to your clients and customers.

If you can't make your home disruption-free, then arrange to meet with your clients at a quiet coffee shop or restaurant instead.
Be prepared to demonstrate how your product or service works:

Electronics stores know that by allowing customers to actually listen to a stereo or watch a big-screen TV, they are more likely to turn them into buyers. You may not be selling electronics, but that doesn't mean you can't demonstrate your services. If you do home repairs, why not have some before-and-after photos on hand in order to show your work? Any time you can provide evidence that your previous work has really impressed your customers, make sure you do. This way you help build the trust you want your future clients to have in you.
Speak with confidence and knowledge:

As obvious as this may seem, I still come across salespeople who are either unsure of their products or use too many fancy terms that can be difficult to understand. Building confidence in what you are presenting can always be challenging. Even if you know your stuff inside and out, you should always practice talking about it with someone you are comfortable with before talking to your clients. The feedback they can give you will help you gain confidence when speaking tonew clients. They can even give you pointers about the words you use that could go over the heads of customers who may not have the same knowledge has and expertise that you do.

Next week, I'll reveal the last two costly mistakes and how you can avoid them.