Million dollar ideas are floating around in the air right now. You have one or two every day. The key is to learn how to crack the code, to discover the combination to the vault. Using new technology or a new marketing angle, you can tap into your own million dollar idea.

A Clue from my Million Dollar Idea:

I am an attorney, now a professional multilevel marketer, representing a global giant corporation that is rated the fourth fastest growing company in modern history. My TEAM (Together Everyone Achieves Miracles), Honeyfountain Group (www.honeyfountaingroup.com) has been training entrepreneurs in recent times. We have held several seminars in different parts of Nigeria and Ghana. I always enjoyed speaking at the seminars, and my favourite topic is “The Cashflow Quadrant”- the Plus sign with four categories of wealth creators as follows: employees (top left side), self-employed (below left side), Big Business owners (top right side), and investors (below right side).

There are two sides to the quadrant, the left and the right . Majority of people in the world (about 95%) are on the left side of the Quadrant because they are either employees or are self-employed. This majority on the left side experience a vicious cycle of poverty because they lack something which the B’s and the I’s on the right side have. This all-important thing is called “Leverage.”

Leverage is the power to control a lot with just a little. Big doors swing on little hinges.
Leverage equals speed. To create wealth, lots of leverage are required to create multiple streams of income. In the business world, there are five kinds of leverage.

1. OPM: Other People’s Money
2. OPE: Other People’s Experience
3. OPI: Other People’s Ideas
4. OPT: Other People’s Time
5. OPW: Other People’s Work

The B’s and I’s on the right side of the Cashflow Quadrant have perfected the ability to use OPM, OPE, OPI, OPT & OPW. In other words, they have learnt to apply maximum leverage in wealth creation. The E’s and S’s are mostly without leverage, and have to rely on their own time, their own experience, their own money, their own ideas and their own work. This is the long, slow way to wealth. Eventually, your resources run out, you become discouraged, quit, try again and again and again, quit finally and retire, many times poor or barely comfortable.

My very first step of applying maximum leverage is to acquire a mentor. My mentor has tackled this mountain of wealth creation before and earned millions of dollars through a simple system I can apply and teach others. Mentors know the terrain, the challenges, the pitfalls. Mentors know what to do, and what not to do. This is a major short cut in wealth creation. With a mentor, you avoid lost time and money in trying to correct rookie mistakes and the long process of reinventing the wheel. You get to learn shortcuts, time- savers, little tricks to success in your chosen wealth-creating business. My goal is also to become a global mentor for thousands of youth. I’m well on my way.

Secondly, I joined a team. The word “TEAM” is used as an acronym for the phrase: “Together Everyone Achieves Miracles” faster, easier. In a team, you can spot one another’s blind spots, and also try to fill in the skill gaps. If you want speed, you need a team.

Next is a network. The average person knows at least 300 contacts. Each contact knows at least 300 contacts, giving the average person access to 90,000 primary and secondary contacts. Many millionaire network marketers kick started their businesses through a contact list. Everyone has contacts, but only a few know how to weave them into a network.

System is another form of leverage. On this, you should learn your mentor’s system and apply it. Every millionaire mentor has organized, streamlined and systematized the processes of wealth. Meticulously you should learn your mentor’s system and diligently apply same for maximum results.

This very important financial information is not taught in schools or in most homes. In fact, many homes and school systems programme the youth to become E’s and S’s. My goal is to reach as many youths as possible and teach them a system that enables them to partner with a big business and become B’s and I’s within a few years. Definitely, a financially empowered youth advocate will impact the world around him/her better and faster than those incapacitated with limited personal funds and donors’ lean budgets.

The combined forces of mentors, teams, networks, systems and tools affords an aspiring well-informed person to apply maximum leverage, i.e. OPM, OPT, OPI, OPE and OPW to a wealth-creating activity towards ultimate success. I have found a high potential wealth-creating activity. I have set my goals, drawn up a ‘warm’ list of close contacts, and I’m enjoying the process of sharing what I know with my friends, and teaching them to do the same. Interestingly, I am watching my income grow. I’m well on my way to achieving my goal of financial freedom. Youths can do exactly the same, while we learn from a common mentor. Wealth is a formula, not luck, accident or coincidence.

Cheers. Hope to meet you at the top.


Oscar Albert