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I was wondering who was the first-ever millionaire.
SOME THOUGHTS FROM ANOTHER PERSON OF INTEREST ON INVESTING
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It was a curiosity thing for me, as well as an opportunity
to do some research online to see what would come up.

I was amazed at what I found.

It gave me a real kick up the butt. Up until that point, I
thought I was an action-taker. Unfortunately I was driving
with the hand-brake on.

It's funny how these old secrets come up all of the time and
really shift your paradigm and get you going again.

OK, let's get into it. This is a 161 year old secret that
once you read this - it'll put "making money" into a whole new
perspective.

Success leaves clues, so I dug around and found the name,
John Jacob Astor.
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Interestingly enough, he was an American from German
background.

Astor got rich in the early 1800's trading furs, tea, silk
and fine china. Principally a business person to start off
with, but that was not where his real fortune was made.

He invested his trading profits in something that would
prove to be even better...

Real estate.

His most profitable investments were in New York City where
he built a reputation known as the "Manhattan Landlord."

Before he died, he left these powerful words. Astor said,
"Could I begin life again knowing what I know and had money
to invest, I would buy every foot of land on the island of
Manhattan."

Astor passed away in 1848 leaving $20,000,000.00 to his
family.

$20 million is a lot even today but converted @ todays values it would be around about...

Wait for this...

$458 BILLION.

Now that's an insane amount of money.

This brief story about a person you've probably never heard
about has many powerful lessons, doesn't it?

Let's go through them quickly...

#1. Increase your cash flow
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#2. Invest in real estate
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...I did say quick and simple, it really  comes down to just
the above 2 things.

The parting words of John Jacob Astor should be written up
an posted somewhere where you can see it every day.

Sure, Astor is talking about Manhattan, but don't let that
limit you. Pick any major city around the world (even
Australia) in that time frame and you'd see a similar story.

This real estate thing isn't a fad or a passing-trend, you
would want to live for as long as you can and see as many
cycles as possible.

The sooner you start, the better.

NOTE> Imagine creating an empire that in 100 years time could
be worth $1 billion... The legacy that you would leave for
your family. Begin now.

Sourced and published by Henry Sapiecha 21st August 2009
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