AsianTom.com

So you want to know what it takes to make a lot of money online? Let me tell you about my daily routine and how I run my business online. I usually wake up between 7-9pm and start checking emails. After sorting through all the spam and answering a few emails, I start writing my daily newsletter.

After that is sent off I check the web cams for local surf conditions. If the surf is good I will go surfing, if there is no surf I will make a few phone calls and answer more emails. While this is all going on I like to monitor the stock market. After 1pm, I usually go get something to eat and come back for a nap.

As evening rolls around I work on another newsletter to send out, and do alittle marketing for my sites. I network with associates all day long and into the evening online. I usually go to bed about 2am and repeat the process again the next day.

I deal with many people in my line of business, and being able to indentify the personality of each person allows me to deal with them accordingly which can enhance profit.

The first type of person is the no nonsense type of person. This person is by the book and usually very formal with emails and phone conversations. They will usually greet you formally in emails and have a formal signature in their emails. I keep phone conversations with these type of people very short and stick to the subject.

The second type of person is the kind that only wants to deal with you online. Some of my largest deals have been landed strictly through the computer never speaking or meeting the person. This type of person handles business through emails and IMs. I find these type of people the easiest to deal with. They let you do your work and don’t micro manage.

The third type of person is the kind that is going to call you ever 5 mins to ask you if things are coming along ok. This is the type worst type of person to deal with and I tend to steer clear of this personality. If anything goes wrong you will hear about it. If I have to deal with this type of person, I let them know upfront what to expect from me and exactly what I’m going to do.

The fourth type of person is the buddy type, more like a high school buddy. This type of person will call you and talk to you about everything and is very friendly. They understand the business partnership and will get down to business when needed. This is the best type of relationship to form. Many of my business comes from this type of personality.

So when dealing with people, if you are able to determine their personality type early, this could put you in a position to close a deal or make more money.

I’ve been working very hard for many years and have been driving old cars since my first car at age 18, so last year I decided for a new car. My first car was a mazda 626 my aunt had given me. In college I changed to an 84 Toyota Supra that my dad got from a coworker for $500.

After that car broke down, I got a 94 Acura Integra. This one was a manual shift and I don’t recommend manual shifts if you have to drive a lot. I use to drive up to 3 hours a day for work and at the end of the day my knees were done. After about 3 years I gave the Integra to my dad, and got a 94 Toyota Camry from my uncle.

Up until then none of my cars had AC so it was nice to finally arrive at places fully soaked in sweat. After my business started to take off I decided to get my first new car. I’ve always been a fan of sports cars and the G35 is the best for the price. I am only leasing the G35 for 2 years, as I feel the tax benefit is better suited for me. Here are pics of the car:

Have you heard of Prosper.com? It’s an ebay style site where people come to get loans and to loan out money. The site now gives people the opportunity to loan out their money at any rate they want. People who need loans post their pictures and a story about why they need the loan. Most use the site to get loan interest rate loans to pay off higher ones.

Loaners can then choose how much money they want to give to each user who are looking for money. You keep one consolidated account with prosper.com and each month, the site debits the other person’s bank account.

People who are seeking loans are given a rating and the high risk users will have to borrow money at a higher rate. There is always the risk that a user will default on a loan, that is why it’s suggested that you loan out a small amount of money to many people.

I have read stories of people loaning out as much as $800k on the site and even hedge funds loaning out money. The only problem I see with the site is that the loans are 3 year loans, which locks up money for a while.

Some people with high credit ratings are borrowing money on the site at 8% and then loaning out that money at a higher rate such at 15% and pocketing the difference. The site is growing very fast, and I plan to loan out some of my money. We’ll see how it goes.

Everyone wants to be a millionaire, it’s the American Dream. We hear a lot of talking heads on TV telling us to save money or how to cut back on spending and that if we invest this savings we can become millionaires. Yes it’s true we could, but it would also take about 30-40 years before we can save a million dollars.

Becoming a millionaire now would have a lot more significant value than at the age of 65. Saving a few dollars on the Starbucks everyday is not going to make you rich! To become wealthy, you need to become a money making machine.

You need to kick your wealth ideas into motion. I recently read an article about two local kids in my town that started a clothing company and at the end of their first year, expect $1 million in revenues. So how did they do it? They put their ideas into motion. This is the problem that holds many people back from becoming wealthy. The fear of failure, the lack of motivation, and living outside the comfort zone. Continue Reading »