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

The Millionaire Myth... Share Your Success and You Could
Prosper... Clearing Out the Clutter for Profits, Part 1...
Spending Your Way Out of a Mess?... and More.

** The Millionaire Myth
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 (e.g. movie stars, music stars, pro athletes) or have inherited it because of their genetic background (like 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:

1) Put it somewhere where it can grow (such as investments, real estate, and reliable business ventures).

2) 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.

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** Share Your Success and You Could Prosper
By Doug D'Anna, the "Hundred-Million-Dollar Man"

When someone goes outside of their organization to hire you, they are putting their neck on the line. They are placing a portion of their career in your hands. For example, as a copywriter, if my ad doesn't work, it's the person who hired me that has to live with the results. They have to explain to their boss why they didn't make their benchmark -- instead of why I didn't perform well.

That's why I have always told every person whom I have ever worked with that my main objective isn't to write a world-class ad, but rather to help them earn their bonus. As a result, I can't think of one person who hasn't said, "I like that!"

Ultimately, my success is tied to their success. If I can provide them with more ideas, better approaches, and help them improve their total marketing success, then they will rise higher in the ranks and always remember where these ideas came from.

Zig Ziglar said it best: "You can get everything you want in life if you help enough other people get what they want."

The fact is, I am nearly 15 years older than most of the people whom I work with. They may be new in their position. By helping to mentor them along, I will not only develop a stronger relationship with them, but I will also make them stronger in all aspects of their career as well, which they will repay me for down the road.

As you will see when you rise to the top of your career, you'll also find that you'll want to give something back to your organization. You will want to leave a legacy of achievers who are using your techniques with success. And that doesn't apply to just your business, but also in other areas of your life as well. It is a feeling of righteousness about passing along your knowledge and expertise to someone and watching them run with it.

Offering your best efforts, becoming a business leader, or even volunteering your time and becoming a mentor will reward you tenfold. Doing so produces strength and optimism in society, produces a model for success in your business or personal world, and adds to your brand image.

As I have always said, involve yourself with others and they will involve themselves with you. Positive efforts produce positive results. By enhancing someone else's business or life, you are heightening their perception of you.

It's good for business. It's good for society. It's good for you.

More importantly, it's a sign of leadership. You are taking your skills and disseminating your knowledge on a broader level. Success commands respect, but only if you share it with others.

Tell your stories, make your life one that others want to emulate, and be the person who others want to be. Encourage the people around you to look forward to a bright future, even to get to where you have not yet managed to go with your own success. You never know who will reach their destiny and one day remember and reward you for your help. Help those around you to achieve a higher level of success and it could benefit you both professionally and spiritually in return.

** Clearing Out the Clutter for Profits, Part 1
By John Hurd, Chief Wealth Researcher

Up here on the East Coast, it may seem like spring is never going to arrive. However, by the end of the month, we'll be digging through our closets in search of some short sleeves and lighter sweaters. The days will finally get longer again and winter will soon fade to being just a memory.

Now, when you start to dig through your closets, take a look at the items you're pushing aside and the boxes you've long forgotten about. If you're not using this stuff in the winter and you're not about to use it in the warmer months, then what are you holding on to all of that stuff for?

If you have no definite answer, then it's time to get rid of that clutter. Not only will you have more space in your closets, basement and attic, but there are also two other great benefits to clearing out your clutter.

The first benefit to clearing out your clutter is the potential of extra money. Here are a couple of ways to get rid of your items for a profit:

Sell it on eBay: If your items are in usable condition, consider listing them on eBay. Be sure to consider shipping costs so it doesn't cost you more to send your items out than you get for selling them. You can also opt for pick-up only in your auction, although this will greatly reduce your potential of starting a bidding war for your items.

Scan the classifieds: While all the talk these days is about selling things online, there's still huge potential in using more traditional methods. Not only can you list your items in the classifieds (sometimes for free), but you may also find people who have advertised wanting to buy what you have.

You can also donate your goods. While this may not help you make a little extra money, the great feelings that come with knowing you're helping someone in need are worth it on their own.

Now, not only does clearing out your clutter have the potential to bring in a little more cash, but it also has a second benefit you may not be aware of. In my next article, I'll discuss this little-known benefit and how it could start helping you right away.

** Spending Your Way Out of a Mess?
By Michael Newman, Self-made Millionaire

Let me ask you a couple of questions: are people who only buy items at sale prices smart with their money? Are people who generally avoid shopping really that good with their money?

Of course, the less often you are in a shopping mall or the more items you buy in sale, the less susceptible you are to spend. After all, you're either eliminating the temptation to buy or you're spending less when you do buy.

With regards to question number one, I have another question: how the heck can you save money by spending it? Even if you're able to pick up a new TV for $800 when it usually goes for $1,500, you're still spending $800. Sure, you may be paying $700 less than you would've a week or two earlier, but you're not actually saving; you're just spending less. To me, saving means saving, as in the money is sitting in the bank, a shoebox or the safe, doing nothing at all.

I think part of our country's debt issues are tied to the fact that we view spending on sale items as saving. In times like this, we need to change our mentality when it comes to saving. Basically, we have to embrace saving for what it really is: not spending. These days, we're being bombarded with "deals" as businesses do their best to get us to buy their new spring fashion line, fuel-efficient vehicle or HDTV. Try to keep in mind that, at the end of the day, no matter how much less you may be spending, you'll still be setting yourself back in a time where cash is in short supply and any expense is magnified drastically.

Many people pride themselves on avoiding regular trips to the shopping mall and limiting their regular spending. However, just because they are not spending regularly on new items, does't mean they are't likely to splurge from time to time, taking a trip to the mall and blowing a large amount of cash at once. They are able to justify it to themselves because they may not be regular shoppers; but, in the end, they are spending the same amount of cash as someone who is.

The best way to remedy this situation is to take stock of your needs and wants. People who splurge usually spend on things they want, rather than what they need. Sure, they may have all the toys, but they may be behind on bills or can't put food on the table. If you're one of these people, start asking yourself if you really need the things you're buying, and how your money can be better spent.