There are literally thousands of people everyday who decide they want to get “rich” in internet marketing. There are hundreds of thousands who are already involved in one way or another. You may even be one of those. Most business owners believe they have the entrepreneurial mindset for success, but do they? Are they chasing dreams or building dreams? There is a vast difference in the two. And even those of you who have invested time and money into big name programs may end up dream chasing if you are not careful. So exactly what is the difference?

Dream Chasing – Try to Catch a Cloud

Dream chasers are those who are in pursuit of something they never catch. They like the idea of making easy money online with little time or effort invested. They may have bought a membership to a marketing training system or coaching program and are ready to launch their business full force;  at least until the next “bright, shiny object” flashes by that grabs their attention and throws them off course like “Hammy” from “Over The Hedge”. Without a clearly defined business plan it’s too easy to get sidetracked by the next “get rich quick scheme” that pours into your inbox.  Their dream – to work from home, create their own schedules, and get rich… is not based in reality.

But sadly, this is often where the dream ends. A Dream Chasers day is often filled with web surfing, email mismanagement, bouncing from IMs to text messages, maybe a few phone calls, and before they know it, the day is gone…can you relate to?  No plan, wasting minutes and hours bouncing from one small thing to another and before you know it another day has gone by unproductive?  This isn’t a business…it’s a hobby.

Or you have the Dream Chasers who’ve spent too much time studying “The Secret” and the “Law of Attraction” without understanding the importance of “The Law of Action”.  They have every intention of creating a successful business but don’t understand the importance of “getting into action” every day to make it happen.  You can dream and think about what it is you desire (your clearly defined goals) all day long but without clearly defined, daily action steps to put your plan into motion, you’re doing nothing more than chasing a dream.

Dream Building – Hammering & Sawing to Success

Dream building takes hard work and lots of it. Yes, you need to have a goal and you have to visualize what you want but there is much more to it than that. You have to be committed to the daily tasks that are necessary in order for you to be a success. You have to lay out a plan for yourself and you have to stick to it every single day. If something comes up that can’t be avoided, handle it and get back on your schedule.

Don’t let distractions throw you off your success path for good.  If you have another job, work out a schedule that gives you some work time in the evenings and weekends. Whatever time you have to devote to your business, be it two hours, six, or twenty, devote yourself to those hours. One of the most important entrepreneurial characteristics is persistence, devoting yourself tirelessly to the end goal. Dream building means plodding along every day doing the mundane things that need done. Don’t sit around and stare at your dream board all day; work your plan efficiently, be persistent, tackle all obstacles head first, and watch your dreams come true.

Helping Build the Dream

There are things everyone can do to help build their dreams whether they are new to internet marketing or whether they have been at it for some time.

Set goals for each day, each week, each month and each year. Re-evaluate those goals frequently. Plan your day so you work as efficiently as possible. Make a to-do list and write down it. Outsource and automate where you can and as much as your finances will allow you.  These strategies will enable you to see your dreams actually grow into something tangible instead of being far off visions like a mirage in the desert. This is the true entrepreneurial mindset.

My partners became so tired of struggling in their home based businesses, they created a marketing training platform that has helped more online entrepreneurs create wealth than ever before.  And now they’re giving away free weekly training.

If you’d rather be dream BUILDER instead of a dream chaser, check out my free marketing training.

Your Partner In Success,
Larry Corbi

Clear The Clutter BEFORE Working Your Plan in 2010…

Eliminate those bad relationships, unwanted contacts, negative people in your life so you can have room for all of those you want to attract in 2010…both personally and professionally.

Watch this video and try to implement some of these pointers so you can have an awesome 2010!

Much success,
Larry

Design your best year ever with some of these pointers…

At the end of every year, before planning forward and designing what I want my new year to look like, it’s best to take a look back at your year-in-review.

Check out the video and try to implement some of these strategies so you can have the Best Year Ever!

Much success,
Larry

Anny asked,

“I would like to know what is Mike’s opinion on Chinese silver Panda & their extra premium…sign of futures economical relation with Chinese?”

Continuing from our mastermind meeting, Michael Maloney answers question #5:

“Any coin that has a premium you get back when you sell it back to a dealer is fine. Gold and silver Eagles, that is the case. Chinese Pandas, you’re going to lose some of that premium when a dealer buys it back.

I believe in buying gold and silver as close to spot as possible with the exception of the extra premium you pay for some government coins because they have another “desirability” factor and that’s something called, 1099-B reporting. I don’t want to get into that on this video, but because of that they’re more highly sought after.

When silver fell from 21 bucks in March 2008 all the way down to about $9.50 in November, there was a big shortage that happened. During that shortage, the Eagles developed a premium beyond the premium the U.S. Mint charges. They were on eBay when silver was just $9.50 spot price, Eagles were selling for $35 bucks an ounce. 100 ounce bars were selling for $18 an ounce. So, you’re talking double the premium for 100 ounce bars.

So, I like Eagles because I do think they are going to develop a premium when there’s a rush on gold and silver, and when everybody wants it. They’re going to go for more and you’re going to get even more. The extra premium you’re spending, you’re not just going to get it back, but it’s going to grow with the price of the precious metals when you’re talking about gold and silver Eagles.

As for the Pandas go, they’re really pretty. Go ahead and buy them because you like them…but, unless a dealer is offering you the same amount of premium above the cost of other items he is purchasing (you can check this online), then I don’t recommend them.

So, thank you very much for your question. I hope that answers it.”

Michael Maloney of www.GoldSilver.com

To Your Success,

Larry Corbi

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Marla asked,

“Someone whose opinion I respect says they personally hold their gold, and do not have it in a safe deposit. Is that wise? How could one possibly secure it in that way and feel that they had done a good job?”

Continuing from our mastermind meeting, Michael Maloney answers question #4:

“Well, I don’t recommend doing one thing or another. What I do is tell everybody to do their own due diligence and do some research on these things and come to their own conclusion.

For me, I do not use a safe deposit box.

I hold the bulk of my precious metals at a third party depository that specializes in doing that and it’s fully insured…and, that’s Brinks Security. The rest I hold myself. You can do a whole lot of creative things. You can hide it creatively. You can put it in a floor safe or a wall safe or something like that. I don’t recommend one particular thing over another.

I do know that during 911 the banks were closed for an entire week. I also know after gold was nationalized in 1933, the government posted Federal agents at the banks to observe people taking things out of their safe deposit boxes. I also know that when you put it in a safe deposit box it is not insured. FDIC insurance only applies to deposits in checking accounts and savings accounts. It does not cover anything in a safe deposit box. So, you need to add that to your homeowners insurance, it’s a rider on your homeowners insurance.

And, I also know some horror stories…

After a certain number of years, if you don’t have contact with the bank, the bank is supposed to turn the contents of safe deposit boxes over to the state. The state liquidates those and adds it to the general fund to help offset the deficit.

There was a newspaper article about a lady up in the Bay area in California. Her husband was dying, he told her to go to the safe deposit box to get the will, and when she went to the bank the contents were turned over to the state a few years earlier…and this was at her bank where her checking account was. She was paying the bills on that safety deposit box every month. They turned it over to the state. In there was also a bunch of her grandmother’s jewelry that was left to her that had been appraised about $80,000 before she put it in the safe deposit box years earlier. When she got back, when she tracked all of this down, the papers had all been shredded and she got a $1,800 check from the state for the contents.

My office manager and her safe deposit box…her branch closed, they moved the safe deposit box, and the bank basically lost her safe deposit box for a month. They couldn’t find what branch it was transferred to. And so, I don’t really trust safe deposit boxes that much myself.

So, I don’t use them.

You have to decide what’s best for you, though. If you’ve got a decent quantity of precious metals, if it’s more than $25,000 or $50,000, then I do suggest having some of it at a storage facility, a depository.

Thank you very much, Marla, for the question. I hope that answers it.”

Michael Maloney of www.GoldSilver.com

To Your Success,

Larry Corbi

P.S. First time here? If you’re currently not on my newsletter list and would like to get updates whenever I post anything new…don’t worry, I made it very simple for you. Just enter your name and email below and voila! You’ll get some cool stuff from me like free tips and tricks that will help you towards your success.

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Jason B asked,

“What do you think silver’s real price would be right now if it was allowed to trade purely on supply and demand fundamentals and not heavily manipulated? Is the possibility of 4 digit silver in a few years realistic?”

Continuing from our mastermind meeting, Michael Maloney answers question #3:

“Yeah, the possibility is realistic, but it’s really the wrong question. The question should be ‘how much more stuff can silver buy me?’ The dollar is this moving target…it’s a smoke screen. Before 1934, the dollar was worth 1/20th the ounce of gold. After 1934, it was worth 1/35th of an ounce of gold.

Gold became free trading in 1971 and it’s value went up. It was actually the dollar’s value falling. Right now, the dollar’s value is 1/1,000th of an ounce of gold and it’s value is going to continue falling. Soon, it will be 1/10,000th of an ounce of gold.

That’s what currency does, it loses value. REAL MONEY retains its value. But, the question should be ‘how much stuff will silver buy.’ And, I know from studying past history that gold should probably one day buy 4-5 times more stuff than it does today. Silver is under valued compared to gold.

For the first time in human history there’s less silver available for investors to buy than there is gold.

This is never happened before. Currently, there’s about 5 times more gold on all of the exchanges available for investors to buy than there is silver. In the free markets, when it comes to supply and demand, and something called the ‘price discovery mechanism’ the free markets are marvelously efficient at balancing supply and demand. They do that through price.

In a gold and silver rush, when the world finds out silver is actually more rare than gold you could see silver just explode and it’s entirely possible that silver can trade at a higher price than gold. That sounds crazy. It sounds unrealistic. Google ‘tulip mania’ and take a look what happened in the year 1637. You’ll see that dumber stuff has happened and silver actually selling for a higher price than gold.

Right now it’s more rare than gold, therefore the possibility exists that in a rush when a whole bunch of investors try and buy this stuff all at once then you can see it go to prices that are higher than gold…but the real question is

‘How much stuff will it buy?’

If gold should buy somewhere between 4-5 times more real estate some day in the future say and silver is 1/60th of the price (currently), in a peak you should see silver go to at least 1/10th of gold’s price. Possibly as high as gold, but I’m thinking 1/10th is good target right now, so that means it will outperform gold by 6 fold. So, if gold can buy 4-5 times more real estate, then that means silver can buy 30 times more real estate some day in the future.

THAT IS HUGE!

…and I’m not passing that one up. I’m buying all of the silver I can.

So, thank you very much, Jason, for your question.”

Michael Maloney of www.GoldSilver.com

To Your Success,

Larry Corbi

P.S. First time here? If you’re currently not on my newsletter list and would like to get updates whenever I post anything new…don’t worry, I made it very simple for you. Just enter your name and email below and voila! You’ll get some cool stuff from me like free tips and tricks that will help you towards your success.

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Matthew Ung asked question #2:

“Have you ever traded your gold or silver for significant value-items?
(Car, appliances, services, etc.)”

Continuing from our mastermind meeting, Michael Maloney answers question #2:

“No, I’m still buying gold and silver, but I do watch some of these things. Right now, I’m watching the gold/Maserati ratio. Haha!

I intend on accumulating a lot of cash flow real estate with my precious metals. I know that right now, gold & silver are outperforming all of these other assets. If you accumulate the asset class that is rising the fastest, what will happen is you will be able to buy more of those other assets when it peaks.

Up until just a couple of years ago, we had everything rising. Back in 2007, the stock market was rising, real estate was rising and commodities/precious metals/bonds were all rising.

Well, what’s going on there? If you invest the one that’s rising the least, when you sell it, you can’t buy as much as the other two…it’s actually going down in value even though it’s going up in price. If you’re investing in the top performing one, when you sell it, you can buy more of the other two investments…so, it’s actually rising in value.

What’s happening is they’re probably printing currency at about the rate as the second (middle) investment. So, if you take the currency out of the equation and you measure how much stuff you can buy with your other stuff (for example, you measure how much your house is worth in ounces of gold, barrels of oil, tons of iron, pounds of copper, bushels of wheat, etc) what you discover is everything goes through this valuation, where it’s over valued or under valued. I try to invest in the most under valued asset class, the one that has the biggest potential of buying more of one of the other asset classes. It doesn’t matter whether everything is rising in price, it’s ‘what is the value?’

Right now, gold and silver are tremendously under valued…I don’t sell them for anything yet. I know I’m going to be able to get somewhere between 5 and 25 times more stuff for every dollar I put into precious metals today. I’m not guaranteeing this for anybody else, it’s just what I’m certain of for myself. So, thank you very much for your question Matthew.”

Michael Maloney of www.GoldSilver.com

To Your Success,

Larry Corbi

P.S. First time here? If you’re currently not on my newsletter list and would like to get updates whenever I post anything new…don’t worry, I made it very simple for you. Just enter your name and email below and voila! You’ll get some cool stuff from me like free tips and tricks that will help you towards your success.

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Matthew Ung asked,
“What effect will the rise of oil have on gold and silver prices?”

On October 28th, 2009, I attended a Mastermind meeting at the Gold & Silver, Inc headquarters. Michael Maloney went over today’s precious metals market, tomorrow’s economic downturn, the transfer of wealth that we are about to embark upon in the ensuing years and what to do NOW to prepare for it. This was an exclusive group brainstorming on how to educate the world and the best means for communication.

I happened to pull Michael aside to see if he would answer some questions asked by those who submitted from the previous post. He kindly agreed and decided he wanted to answer them through a video. Here’s his answer from the first question:

“Typically they are somewhat connected, something called the gold/oil ratio and they tend to track each other. But there’s another aspect of this…mining costs are very heavily dependent on energy (60% of your mining costs is the cost of energy).

So, as the price of oil goes up, the floor underneath your investment (especially if you’re investing in silver) rises. Silver is currently below mining costs for most mining companies…there are a few that can make a profit at this price, but very, very few. On the average, most silver mining companies lose money currently.

And so, we’re talking about $17 bucks an ounce right now, and they can’t make money. If oil triples, then the floor under your investment goes up by that much also.

So, over the long period of time, silver has to rise then. The world is sort of running out of silver…there’s very little of it. It’s more rare than gold currently as far as the amount investors can buy…what’s on the exchange…what’s available to industry right now.

You can’t have a situation where the world is running out of something and it’s below production costs. That won’t last permenantly…so it means that your “safety net” is going to rise.

Thank you for the question, Matthew.”

-Michael Maloney of www.GoldSilver.com

To Your Success,

Larry Corbi

P.S. First time here? If you’re currently not on my newsletter list and would like to get updates whenever I post anything new…don’t worry, I made it very simple for you. Just enter your name and email below and voila! You’ll get some cool stuff from me like free tips and tricks that will help you towards your success.

Just fill out the form below.

I’m not sure if you knew that I was business partners with Michael Maloney from Gold & Silver, Inc. He’s Robert Kiyosaki’s precious metals advisor.

Well, tonight we’re meeting up for a mastermind meeting (we’re still friends even though I’m not working with him anymore) and I wanted to give my friends an opportunity to benefit from this as well.

First off, if you don’t know who the heck I’m talking about, then just go over to www.GoldSilver.com and check out more information regarding him and his business.

In this video, we were having breakfast at a luxury resort in Florida and I just grabbed my little video camera to record our conversation. No rehearsal or professional shooting, just raw in the cut style…so beware.

Anyways, I wanted to give you an opportunity here to ask Michael Maloney any burning question you have about gold, silver, monetary history, our current economic times or future outcomes, etc.

I’m going to try to show up early so I can pull him aside and get your questions answered. I’ll either get him to answer it on a video or maybe blurt out your question while the masterminding is in session…either way, submit your question to Michael Maloney below this post and I’ll do my best to make it happen.

Alright, stay tuned to hear your question get answered from the gold & silver expert at the Rich Dad Network.

See ya soon!

Larry Corbi

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