5 Financial Lessons From Michael L.F. Slavin

[Posted on March 2, 2015 by Michael L. F. Slavin]

 

If you aspire to break free from a life that is unfulfilling, or if you simply wish to increase your income, you might wish to explore the wealth of information that has been made available by Michael L.F. Slavin. He is a  well-respected businessperson with a proven track record of success; in fact, he is a self-made millionaire. He is currently the CEO of Emerald Energy in Houston, Texas, and he is the author of “One Million in the Bank”, a book designed to offer helpful insights and useful information to readers.

“One Million in the Bank” is Slavin’s first book, and it is not intended to be an instruction manual on how to get rich quickly and with no effort. Instead, the book is meant to provide practical information to those who are willing to invest time and energy into building wealth in a reasonable and realistic time frame. If you are interested in such information, then you might wish to explore a few financial lessons from Michael L.F. Slavin.

1. Believe in Your Potential for Success

If you don’t believe in yourself, you won’t get very far. You must believe that you have the potential to succeed. One way to encourage your own success is to set reasonable goals. If you have a difficult time believing that you could make $1,000,000, start with a smaller goal, such as $25,000. Once you reach your initial goal, you can strive to achieve higher goals in increments.

2. Remember That Opportunities Are Abundant  

It’s critical that you remember that opportunities to make money abound. People all around you are dreaming and succeeding, and you can do the same. You can create your own success by creating your opportunities. Instead of waiting for someone else to offer you an opportunity, use your creativity and desire for success to blaze your own trail to success.

3. Utilize the Free Resources Available to You

One of the best ways you can help yourself is to allow others to help you. Many free resources are available to people who are interested in becoming successful in business. Use information found online to transition from a state of hesitation and fear to one of action and success. A wide range of other resources may be available to you, from government agencies to private foundations. Explore the options, and you may be surprised at all the resources you discover.

4. Take Action Now

Don’t wait until tomorrow or next week or next year to get started. Start your journey toward success now. Do something every day that will get you closer to the financial reality you want for yourself. Take some free classes to learn about business taxes and basic business operations. Choose the type of business you wish to run, and explore potential business models.

5. Emulate a Business Model That Is Already Successful

Many individuals believe that in order to experience great financial success, they must invent a new kind of business or business model. This is not true and in fact, countless businesses have been successful when modeled after other businesses that were highly profitable. Find a business model with a proven track record of success, and devise a plan to emulate it.

You are as worthy of success as the next person, so don’t be afraid to live the life of your dreams. With a little help, you can learn how to become successful. The secret to making $1,000,000 isn’t really a secret; it’s an ordinary formula of hard work and perseverance.

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