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The “secret” to reaching the first 1000, 10000 and 100000 EUR / USD

Compound-interest

Most people get stuck until they reach the first 1, followed by a few zeros of  earned /saved/invested money, and they stay in the “start” area for the rest of their lives, taking it over and over again from the beginning.

This is why most people do not become financially independent and do not truly achieve financial prosperity.

The first 1000 EUR invoiced from the new business;
The first 10,000 EUR invested on the stock exchange;
The first EUR 100,000 in the personal portfolio;
The first studio for rent;
First salary / bonus etc. of EUR 3000 (the example is relevant, even if it does not start with 1)

The effort to reach the first 1, followed by a few zeros, is enormous and many give up along the way. What they don’t know is that after you hit a 1 followed by a few zeros (2,3,4 etc.), the rest of the zeros are much easier to reach.

After 10 years of struggling to reach a portfolio of 100,000 EUR, most likely up to 200,000 EUR could take you much less, up to 300,000 EUR less and so on.

The same applies to investments. You can constantly invest 200 EUR per month, without seeing a big difference in the portfolio, until, at a certain moment, the compound interest intervenes and your portfolio grows rapidly.

 

The graphic result is more than clear:

Calculator_initial

200 EUR invested monthly for 20 years at 10% interest

The result is:

Calculation result

Result after 20 years

The graph “speaks” for itself:

Balance after 20 years

Balance after 20 years

So don’t get lost on the road, but continue at maximum acceleration, until you reach that goal of 1 followed by a few zeros.

After that point, things will become easier, automated, routine.

So the “secret” is that there is no secret: all that is needed is discipline, patience and time.

10 secrets to be successful and make money

No matter what your occupation is, you probably also want to earn more money.
Whether you are an employee, you are dealing with an online store or any other business where you sell your products and interact with customers, it is important to truly understand the path to success.

Here are some “secrets” you need to keep in mind to be successful and make money:

1. The most important thing: You must be able to offer a quality product or service that as many people as possible want to buy.

2. Put others first! You have to satisfy the needs of others, to help them fulfill their own dreams, and in this process YOUR dreams will also be fulfilled.

3. You must own or control at least one product. To make a lot of money, you have to come into the market with something only you can offer. You must have exclusive control of (at least) one product or service. This must be something people can not find anywhere else. It’s good to be something that many people want.

4. Money brings money. You need to be prepared to spend money (on ads, promotions, etc.) to earn money. If you do not invest money in your business, if you do not “plant the seeds,” you will not really be able to get a rich “harvest.”

5. Focus on advantages! Your customers do not care how extraordinary your company is or what wonderful person you are, they just want to know how your product can help them.
How it will meet their expectations, how they will benefit from it and how it will improve their lives, make them happier or richer, etc. They will buy what you sell only if they feel they will do better by buying from you.

6. Give something for free. Of course you will not make money by offering your services or products for free, but the word “FREE” is still ranked No. 1 in the top of the best words to use in commercials.
If you can provide a free sample, free information or a free catalog, people will come to you for the things you offer for free and if you do the right thing they will be impressed and will want to do business with you.

7. Treat them properly! You have to give your clients the feeling that they can trust you, feel confident that you are right and that you will offer them quality products or services. In addition, they need to know that they can get their money back if they are not happy.

8. You will need help. You must use the services of dealers, distributors and agents. It is impossible to reach everyone through your own efforts.
Your dealers will have bigger sales than you could ever have alone. Your dealers will reach people you can not reach. Who are the most suitable people to recruit as dealers? Your own satisfied customers!

9. Reinvest 30%. You must always keep some of the profit to reinvest it back into your own business. Use this money to buy multiple ads, print multiple catalogs or flyers, send multiple notifications (written or online).
This reinvestments of money in your own business will make them grow and “multiply”. If you do not do that, you will never get to really earn a lot of money.

10. Always keep your eyes and ears open. Find someone who already wins how much money you want and … do exactly what he does!

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