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Success Is About Four Things: Money, Time, Relationships, and Service

A wise man once told me that we all have just Four Legacies to leave future generations. The first legacy is Financial Freedom. This involves spending less than you make, investing the balance, and creating a bigger life, not necessarily a bigger lifestyle. The second legacy is Time Freedom or the ability to take time for yourself and others. This leads to the third legacy which is Relationship Freedom and the desire to build solid, long-lasting, engaged relationships. And lastly, the first three can’t help but lead to Service Freedom – and we’re all here to be of service to one another. Let’s get started...

Money Freedom

Money Freedom is elusive for most people. It’s because society has taught us to want everything we want, and believe that we can have it right away. We’re a 24-easy monthly payment society and it’s the root cause of the economy today. Money Freedom doesn’t have to be elusive... in fact, it can be closer than you think. The key is playing the game we all play with money by the rules of winners, not of losers. It’s about changing your mindset. Ready to play The Money Game to win?

Time Freedom

Time Freedom is more than how many days off a year do you have. It’s about having the ability to create efficiencies within your life that allow you more free time to do what you wish. It’s about realizing that there are aspects of what you do that you can outsource to other people and new technologies. And most importantly, time freedom allows you to pursue what you really, really deep down want to do. And what might that be...?

Relationship Freedom

Relationship Freedom at its’ core is adding more value to other people than you can possibly ever expect to get in return. It’s the philosophies behind books like The Go-Giver, Never Eat Alone, and How To Win Friends And Influence People. And at the heart of Relationship Freedom is a P.O.W.E.R. that most people never get to fully access. Give me one hour of your time and you’ll know exactly how to access it...

Service Freedom

Service Freedom is a very simple concept. It’s the idea that we are all placed on this earth to be of service to one another in some way. While it’s true that each of us has a very unique set of skills, interests, hobbies, and values, our uniqueness is the gateway to help other people achieve everything they want to achieve. The challenge is achieving the first three legacies in order to live in Service Freedom forever. Those that do, never ever want for money, time, or relationships. Interested...?

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Who's In Your Camp?

Written by Adam Carroll

Thursday, 20 May 2010 16:35

I just finished a great meeting with Adam Steen of 25Connections. We talked about our businesses, what we could do to help each other, and even made a couple of great introductions that will no doubt lead to both of us growing our respective companies.

Adam and I are working on a soon-to-be-released book that's all about social capital. The notion that we all hold one of the most valuable resources closest to us, and to simply share that resource would multiply our own wealth exponentially. Not to mention help dozens if not hundreds of other people pursue what they're truly passionate about.

Keith Ferrazzi, the author of Who's Got Your Back had the right idea. He explains how to put the "dream team" together -- a team of people that won't let you fail. My Grandpa always put it in a different way by asking, "who's in your camp?"

So, who's in YOUR camp?

My camp is extremely solid and just grew by a dozen more. Yesterday afternoon there was a think tank that came together on the invitation of AJ Peterson of Lone Wolf Financial. There were at least 15 people in attendance from various walks of life and varying industries. ALL of the people in the room were successful in their own right, AND had a common goal of increasing the velocity of their money. What I found particularly interesting was the advice and insight that was floated from one end of the room to the other. Land developers, small business owners, real estate flippers, attorneys, and lowly ole me all sitting around the table figuring out what to invest in and how to make it happen quickly.

Leaving the meeting I had to wonder if everyone had these kinds of opportunities or if it was just part of the nature of the people I associate with. Either way, I'm bound and determined to continually fill my camp with people just like those in the room yesterday, guys like Adam Steen, Scott Ginsberg, Bryan Fiese, Tim Augustine, Joe Mayne, and my every other Friday mastermind group (who definitely have my back!).

If you're not building your camp, it's time to start. Consider forming your own mastermind group that meets a couple of times a month. Make sure you set the ground rules that everyone is there to support each other, help each other accomplish dreams, and most importantly -- have each other's back!

Are You Using Other People's Money (OPM)

Written by Adam Carroll
Wednesday, 12 May 2010 22:00
With the economy what it is today, there are plenty of people that are subscribing to Dave Ramsey’s debt is dumb philosophy. I get it… when times are sketchy financially, you probably want to minimize the damage that outstanding debt could carry. Or do you? Our government is printing money at an alarming rate right now. Current financial policy is basically there to prop up failing institutions, keep mortgage rates low, and fund some unbelievable social programs that are supposed to “boost our economy”. We’re headed for inflation and there’s no way to stop it. Now, inflation is both good and bad. It’s bad because our dollars aren’t worth what they used to be. It’s good because when interest rates go up (and they will), if you have money set aside in money market accounts, passbook savings accounts, and CD’s, you’ll enjoy a higher rate of return on that money. And, if you were smart about what your were borrowing for and at what interest rate, you may be able to create an arbitrage on your money. Let’s take the purchase of a piece of jewelry – you have saved close to $5,000 to buy a nice ring for someone close to you. The money is currently making maybe 1% in a money market account, but with inflation could be close to 5% or higher in the next year or two. If you can get the ring financed at a modest interest rate, doesn’t it make sense to keep the money in savings and allow it to grow and take advantage of inflated interest rates as well? Car purchases could be used in this example as well. My wife and I put money away each month into investment accounts that eventually become our car purchase funds. When it’s time to buy a car, we simply cash out of the stock we’ve purchased, buy the car for cash, and then continue putting money in the investments. However, if I can borrow the money for a car at 0%, 1.9% or even 4.9%, I may be better off adding to my investments and riding the interest rates up with the money we have set aside. One of the most common traits of successful people is their ability to leverage money. So, on the next purchase, consider using Other People’s Money. To your abundance, Adam

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