Old Feb 23, 2008 | 02:33 AM
  #78  
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Billionaire
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Default RE: What Salary needed to afford Challenger

Making more money is the usual desire but is difficult if not impossible for most - the real trick is spending less or dare I say wasting less
I feel like trying to save more on the same income is a dead end. If your income is too small, you can save 100% of it
and still not get what you want out of life. I strongly feel that the answer is to increase your income.
Plus for me, depriving myself of nice things is more painful and onerous than coming up with ideas and working on increasing my income.
In my business, this year I am going to increase my sales/profits/income by doing the following:
1. Make a new, better web site to more effectively market my products and therefore increase sales
2. Create more products, as many new products as I can
3. Create better products, i.e. products that appeal more to the customers and therefore sell more.
4. Continue to improve my understanding of what sells and what the customers want.
5. Increase my skills and knowledge in key areas
One of the good things about business is that there are always many ways to increase your income.
There is no limit. It's all about what you can do.

In general, from the advice I've read, people can increase their income in the following ways:

1. Start a business. It's easier and cheaper than ever before, thanks to the internet.
I spent very little on my online business and I'm making good money every month and
there's great potential to make a lot more. I didn't have to pay for a store or expensive equipment.
I read of a teenage girl who is making a million dollars per year from her web site.
2. Get a job where you are paid not a fixed amount, but on how well you do. For example,
being a salesman. If you work hard and become a very good salesman, you can make large
amounts of money and there's little or no limit.
3. Be more effective in your job and get more high value work done faster.
4. Learn more skills and knowledge
5. Learn to do a new job that pays more

You have to think positive and open yourself up to new possibilities.
Thinking in terms of limitations just holds you back and is also false.
People are a lot less limited than they think they are.
They hold themselves back by thinking they are limited, when they're really not.
Richard Branson has 3 billion dollars and one of the major reasons he has so
much is that he has huge balls and there's no challenge he's afraid of taking on.
He has no psychological limits in his mind. He just goes for everything.
Going for new opportunities is like jumping out of a plane.
You have to just cast aside all your fears and false limitations and just go for it.
And then you are rewarded with a much better lifestyle.
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