The "Slight Edge" starts with a penny;
doubling your money every day:
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The First Surprise that Will Change Your Life:
Day 1) One Penny
Day 2) Double 1 penny to 2
Day 3) Double 2 pennies to 4
Day 4) 4 = 8 pennies
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Day 5) 8 pennies x 2 = 16 pennies
16 doubled to 32 cents
32 = 64
Day 6: 64 pennies doubled to $1.28
$1.28 = $2.56
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Day 10) $2.56 doubles to $5.12
$5.12 doubled to $10.12
Day 12: $10.12 doubled to $20.48
20.48 =40.96
Day 14) 40.96 doubled to $81.92
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Day 15) $81.92 doubled to $163.84
$163.84 = $327.68
Day 17: $327.68 doubled to $655.36
655.36 = $1310.72
$1310.72 doubled to $2621.44
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Day 20) $2621.44 = $5242.88
Day 21) $5,242.88 = $10,485.76
$10,485.76 = $20,971.92
$20,971.92 = $41,943.04
.$41,943.04 = $83,886.08
Day 25) $83,886.08 = $167,772.16
$167,772.16 = $335,544.32
$335,544.32 = $671,088,64
Day 28) $671,088,64 = $1,342,177,28
(one million $$ mark)
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Day 29) $1,342,177,28 = $2,684,354.56
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Day 30) $2,684,354.56 doubles to $5,368,709,12
That's over 5 MILLION DOLLARS!
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Look at day 15: it’s only $327.
How does 327 dollars by the middle of the month turn to be
5 million in fifteen more days? Isn’t that remarkable!
But that IS COMPOUNDING in action!
Step #2.
First Action Step
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Let’s get practical about this and see what we can do to really DOUBLE our own money.
Do we really need to start with a penny? IF you need to, then yes.
But for the sake of moving forward faster, what amount of
money do you have in your bank or your home
that you can start investing with?
Whatever you have, start investing from that
day, ie: if you have $327.68 (or around that)
then that would be "DAY 17" (and use Day 17's stratagy).
HINT: The more money you have to invest, the faster
you can move toward 1-5 million dollars ie: if you start
at DAY 21: $5,242.88 = $10,485.76 then you only have
9 more days to compound to your goal.
If you don't have anything, try finding
30 cents or more in your house. But if you have
to start with a penny then just get started.
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The important thing is that you don’t touch
the earnings from that 30 cents (or whatever you start with).
Keep it growing and ONLY spend it
on WISE investments that will allow it to DOUBLE.
Eventually you will be earning enough off the
earnings of your investments to have money to spend.
This is another difference between the rich and the poor:
the rich spend money that they EARNED (FROM
their ASSETS) on liabilities and the poor spend their money
that THEY earn on liabilities.
So what is an ASSET?
In short, it's something that puts
money in your pocket.
So what is a LIABILITY?
In short, it's something that takes
money OUT of your pocket.
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So how fast can you make
your money DOUBLE?
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Find some more pennies…or start with what you have and start getting creative.
Remember…that it all starts small – really small and doesn’t appear
to get very big any time soon…do you see what I mean?
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.Look at Day 10. It’s already 1/3 of the month. Yet its only $5.12.
The slight edge is all about doing the little stuff that nobody thinks will make a difference!
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Ok so let’s start at Day 5, doubling $0.32
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Also we could back up a little. Here’s what I did to double 25 cents:
I just walked in the library (or somewhere where you know somebody or where you regularly go)
and asked for a quarter from a lady I knew and she gave me one.
I told her our team was doing an experiment called the “Slight Edge” to see how much
we could grow a few cents and would she mind helping. She didn’t mind.
If anyone asks, you can be on my team (Albie's Team). I will love to hear about it!
Just don't be pushy (and begging is not really what this is all about).
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ADDITIONAL THINGS YOU CAN DO:
1."Pay yourself first" like Robert Kiyosaki advises you to do.
Let me share with you my thoughts on this:
For instance, take 10% of your earned income and put it
toward a profitable investment. THEN pay your bills.
The reason we suggest to pay yourself FIRST
is because it's easier to just pay all your bills first
and then have nothing left over to invest.
However, if you pay yourself first and then pay your bills,
IF you don't have enough for one bill (for instance), then this
will motivate you to find an additional income source to be
able to pay this bill. Otherwise you will just be lazy and pay
all the bills and take the easy way out and not invest anything.
Only paying your bills will make you poor
(we don't suggest NOT paying your
bills, only to invest first). Paying your bills IS important!
The mindset of
investing each month in profitable investments
will eventually make you rich.
2. Collect soda cans or plastic bottles and recycle
them for about 5¢ each.
3. Find something that you can buy low and sell high.
Perhaps think about something you can find for cheap,
fix it up and then resell for a higher price.
Let's go through some basics of making money:
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A) "Profits are better than wages" Jim Rohn
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What does that mean?
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The meaning to this is that it’s better to earn a profit from selling something then it is to
earn a wage working for someone else. This is because you can always increase your profits
ten fold by increasing your selling skills and what you sell, but this is not always the case
working at a job. Does this mean to go quit your job? No, its just that working toward
eventually quiting your job may be a good goal.
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B) Evaluation of an Asset.
An asset is anything you have, receive, find or buy that you can use
over and over again to create income. This could be money,
realestate, websites, a product etc...
An example would be a bus. Once you buy the bus, you can keep
charging people to get on your bus over and over again.
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Evaluation of an asset means that you are finding out what it's true
value is BEFORE you buy it. This way you can attempt to buy it cheap and sell
it for more or so you can figure out how long it will take
you to make your investment back.
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C) Obtaining Asset:
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Simply put, receiving, finding, or buying the asset. This may involve
saving up to purchase it.
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D) Buy "Low" sell "high"
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This also could mean buying and finding out how long it will take to make your
investment back and if it will be worth it. Buying low and selling high is
KEY to being able to make money. Often the hard part is
knowing WHERE or HOW to buy it low.
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E) Advertising
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Advertising and Marketing are truly the reason that create the most headaches
inside business. If you don't have enough advertising or don't have the right marketing
system to bring the right people to you - this can cause a business to fail.
As far as advertising and marketing something to double your investment fund,
there are local ways to do this that are usually effective (That we will discuss later).
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F) Building Trust
Being able to have a marketing system that brings customers to you, so that
you have the ability to earn their "know", "like", and "trust" is crucial.
Not many sales happen without these three things.
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G) Activity
Hey, its just a fact. If you don't work at it, you wont earn from it!
But along with activity. you need FAITH to believe that you can
do it and then ACTIVITY connected to this faith.
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H) Ability to read, grow and study opportunities.
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I'm not sure if you know this but Warren Buffett spends half of his day just reading
and studying business in some way. In this way, he grows better each and every day
and becomes more knowledgeable about the opportunities around him.
This is what you need to do too. And that's the reason you should read
"The Richest Man in Babylon." But also you should be looking on Craigslist or
Facebook marketplace, your local paper or somewhere local or online
that you can buy and sell from.
4. Start a free business online. Maybe you've done this already?
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If so GREAT. But I will share something with you. I tried for a year
to have success with free businesses without much success. Even
though it is possible, it's the lack of skills that shot me down
back then.
I mean, you can always join a free program such as Clickbank
and start promoting the affiliate link in safelists and mailers.
But this will only get you a sale once in a while (IF AT ALL).
I know because I tried many times, believe me.
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You can also join our tem in a free program called the Prosperity Marketing
System (PMS). It's free for 7 days and you will find all the training inside
to learn how to do MORE than what the "average Joe" does and
how to start getting RESULTS.
Honestly, if you just get the affiliate link and start advertising,
then don't expect much results.
But if you're willing to learn
some real marketing skills, then get started with our training
under the Main Menu / Training Courses / "How to succeed with PMS"
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HERE'S FREE ADVERTISING TO HELP YOU:
Get Your FREE 5000 Credits & Solo HERE
Use Promo Code: superpromo1
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Step #3.
Understanding the Power
of the "Slight Edge"
What do you suppose is the
strongest natural force in the world?
This force is stronger than a
hurricane or a tornado!
Any ideas?
The Second Surprise that Will Change Your Life:
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So quick question: would you want this
force working against you or working for you?
Maybe this pic below will give you
your first clue what I'm speaking of:
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The greatest natural force of nature is
TIME
...and you can have it working for you...
or against you based on your daily habits.
The daily decisions that you "should or could do" are
usually easy to do but are also just as easy NOT to do.
And not getting into good habits, will set TIME
against you instead of on your side.
However, taking the time each day to just do the easy
things that you can do, will set TIME on YOUR side!
Getting time to work for you, instead of
against you is called the "Slight edge".
Let me explain further:
The Slight Edge is a way of thinking and doing that gives you
exactly what it says...a slight edge.
But here’s the catch…
many people see the long road ahead and give up.
But to those who just keep plugging away over TIME,
slowly things begin to change. I’m going to share a couple
excerpts from the book with you that will help you get
an idea of how powerful duplication and compounding is over time:
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The Water Hyacinth:
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“The water hyacinth is a beautiful delicate looking little plant…
it sports six-petaled flowers ranging from a lovely purplish blue, to lavender, to pink.
You can find it floating on the surface of ponds in warm climates around the world…
The water hyacinth is also one of the most productive plants on earth…
If a pond’s surface is fairly still and undisturbed, the water hyacinth may cover the entire pond in thirty days.
On the first day, you won’t even notice it. In fact, for the first few weeks you will have to search very hard
to find it. On day 15, it will cover perhaps a single square foot of the pond’s surface…
a barely significant dollop of color dotting the expanse of placid green.
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On the twentieth day (two-thirds of the way to the end of the month) you may happen to notice
a dense little patch of floating foliage, about the size of a small mattress.
You would be easily forgiven if you mistook it for a boy’s inflatable life raft,
left behind during a family picnic.
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On day 29, one-half of the pond’s surface will be open water. On the thirtieth day,
the entire pond will be covered by a blanket of water hyacinth.
You will not see any water at all.”
The Slight Edge by Jeff Olsen
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So you can see what happens when duplication and or compounding is turned ON!
Now think to what happens when you compound your money or when
you create a team and teach them duplication!
But first remember that compounding & duplication start with you.
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You should check out the Slight Edge book by Jeff Olsen.
See if you can find the audio version. It’s an awesome book and will
completely change the way you see what is possible for you in business.
If you ever want to read the book, you can find this book
(in written, digital or audible form): by clicking this link here or in the Team Store
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