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Of the many ‘Secret Millionaire’ strategies that I teach within my boot camps and seminars is a philosophy that I want you to follow. Always, I would like you to think about this philosophy. This strategy is that I want you to make a lot, spend a little. That is a philosophy that I love to follow in my own life. It's a philosophy that I've taught so many of my students to adhere to. It is such a valuable lesson.

Allow me to explain what this phrase means to make a lot, spend a little. The first part make a lot implies that it's OK to make a lot of money carrying out something you love. You deserve to be appropriately and highly paid for the remarkable, beautiful work you're doing in this world. Therefore, you need to market yourself accordingly. Additionally, you need to charge accordingly to make sure you're for what you provide in services and products.

You are no different from a surgeon who is serving their client with a specialized surgical procedure. You are no different from a niche lawyer who is serving his client with the law. You are no different from a fill in the blank who is serving his or her clients with their talents. Whatever you are doing, especially if you are speaker, author, trainer, coach, consultant, infopreneur or internet marketer, you have a specialized service or knowledge or product. You have experience. You have backgrounds that are uplifting, and you will change people’s lives. With that information, there is nothing wrong with being appropriately and highly compensated for the extraordinary work you are doing to change people’s lives. As a result, you deserve to make a lot.

Okay, now that you've got this incoming money, you have to keep it. The next part of the philosophy is that you need to spend little. Understanding the numbers is the best way to learn how to spend or invest in your business or clients. The numbers discourage lots of people. They say, “I don't want to, ah, worry about the business or the numbers.” Well, allow me tell you something my friend, you need to know the numbers. When you know the numbers, then you don't have to worry. It's in the not knowing of the numbers that you should worry. That's why the most powerful tool to own is the most valuable, and that tool is a $5 calculator.

An inexpensive, working calculator helps me in making decisions in my business. The calculator makes it possible for me to decide if I should or shouldn't invest in a product or idea for my business by looking at the return investment for my dollars. In making decisions with a calculator, you'll make educated decisions based on return instead of investments based on emotions. The results on a calculator are fact; emotions are biased. Therefore, you're likely to make more and spend little if you're thinking about the numbers. Then, you'll be able to be highly compensated and keep the money in your bank account!

James Malinchak, Featured on ABC’s Hit TV Program Secret Millionaire, is recognized as by many people specialists as the World’s #1 Big Money Speaker Coach and Trainer. For Free of charge Video Trainings concerning how to get paid to speak and the way to be a speaker training, go to www.BigMoneySpeaker.com.