I remember reading Tina Sellig’s (executive director of the Stanford Technology Ventures Program) book –  What I wish I knew when I was 20. (I don’t know Tina, though I wish I did, and I love her book.)

She gave her students the exact same problem. Here are her words, with my emphasis. If you don’t have time to read the whole thing, just skim and read the words in bold.

“What would you do to earn money if all you had was five dollars and two hours?” This is the assignment I gave students in one of my classes at Stanford University, as part of the Stanford Technology Ventures Program…

Each of fourteen teams received an envelope with five dollars of “seed funding” and was told they could spend as much time as they wanted planning. However, once they cracked open the envelope, they had two hours to generate as much money as possible. I gave them from Wednesday afternoon until Sunday evening to complete the assignment.

Then, on Sunday evening, each team had to send me one slide describing what they had done, and on Monday afternoon each team had three minutes to present their project to the class. They were encouraged to be entrepreneurial by identifying opportunities, challenging assumptions, leveraging the limited resources they had, and by being creative.

What would you do if you were given this challenge? When I ask this question to most groups, someone usually shouts out, “Go to Las Vegas,” or “Buy a lottery ticket”. This gets a big laugh.. These folks would take a significant risk in return for a small chance at earning a big reward.

The next most common suggestion is to set up a car wash or lemonade stand, using the five dollars to purchase the starting materials. This is a fine option for those interested in earning a few extra dollars of spending money in two hours.

But most of my students eventually found a way to move far beyond the standard responses. They took seriously the challenge to question traditional assumptions – exposing a wealth of possibilities – in order to create as much value as possible.

How did they do this? Here’s a clue: the teams that made the most money didn’t use the five dollars at all. They realized that focusing on the money actually framed the problem way too tightly. They understood that five dollars is essentially nothing and decided to reinterpret the problem more broadly: What can we do to make money if we start with absolutely nothing? 

They ramped up their observation skills, tapped into their talents, and unlocked their creativity to identify problems in their midst – problems they experienced or noticed others experiencing problems they might have seen before but had never thought to solve. These problems were nagging but not necessarily at the forefront of anyone’s mind. By unearthing these problems and then working to solve them, the winning teams brought in over $600, and the average return on the five dollar investment was 4,000 percent! If you take into account that many of the teams didn’t use the funds at all, then their financial returns were infinite.

So what did they do? All of the teams were remarkably inventive. One group identified a problem common in a lot of college towns – the frustratingly long lines at popular restaurants on Saturday night. The team decided to help those people who didn’t want to wait in line. They paired off and booked reservations at several restaurants. As the times for their reservations approached, they sold each reservation for up to twenty dollars to customers who were happy to avoid a long wait.

As the evening wore on, they made several interesting observations. First, they realized that the female students were better at selling the reservations than the male students, probably because customers were more comfortable being approached by the young women. They adjusted their plan so that the male students ran around town making reservations at different restaurants while the female students sold those places in line. They also learned that the entire operation worked best at restaurants that use vibrating pagers to alert customers when their table is ready. Physically swapping pagers made customers feel as though they were receiving something tangible for their money. They were more comfortable handing over their money and pager in exchange for the new pager. This had an additional bonus – teams could then sell the newly acquired pager as the later reservation time grew nearer.

Another team took an even simpler approach. They set up a stand in front of the student union where they offered to measure bicycle tire pressure for free. If the tires needed filling, they added air for one dollar. At first they thought they were taking advantage of their fellow students, who could easily go to a nearby gas station to have their tires filled. But after their first few customers, the students realized that the bicyclists were incredibly grateful. Even though the cyclists could get their tires filled for free nearby, and the task was easy for the students to perform, they soon realized that they were providing a convenient and valuable service. In fact, halfway through the two hour period, the team stopped asking for a specific payment and requested donations instead. Their income soared. They made much more when their customers were reciprocating for a free service than when asked to pay a fixed price.

For this team, as well as for the team making restaurant reservations, experimenting along the way paid off. The iterative process, where small changes are made in response to customer feedback, allowed them to optimize their strategy on the fly.

Each of these projects brought in a few hundred dollars, and their fellow classmates were duly impressed.

However, the team that generated the greatest profit looked at the resources at their disposal through completely different lenses, and made $650. These students determined that the most valuable asset they had was neither the five dollars nor the two hours. Instead, their insight was that their most precious resource was their three-minute presentation time on Monday. They decided to sell it to a company that wanted to recruit the students in the class. The team created a three-minute “commercial” for that company and showed it to the students during the time they would have presented what they had done the prior week. This was brilliant. They recognized that they had a fabulously valuable asset – that others didn’t even notice – just waiting to be mined.”

“You Mustn’t Be Afraid To Dream A Little Bigger”

So How to Become Rich With No Money?

Rob Moore is a self made Property businessman owning a multi-million business portfolio, full time Property Investor & Best selling author of “The 44 Most Closely Guarded Property Secrets” & “Make Cash in a Property Market Crash.”
He has educated over 52,000 people on Property *LIVE* on stage business, property & personal development, & has over 100,000 people who subscribe to his Property Education.

This is his story:

Six years ago I was £30,000 in debt.

By today’s standards that doesn’t sound like a lot, but that was all on credit cards and a car loan [I had sold the car to pay the interest on the credit cards and bought a push bike – so no longer had the car!].

My interest payments and bills were almost £1,500, and as a struggling artist, I certainly wasn’t earning that per month.
So people often ask me how I managed to turn this rolling and compounding debt situation into a Multi-Million Pound Business and Multi Million Pound Property Portfolio.

Sure, all the usual stuff: read a lot, meet great people, faith, belief, confidence, be tenacious and rejection proof, I could go on. My belief is that we all have these habits inside when we want something enough, when it means enough, and when we have a strong enough reason why.

But…

Out of the 100,000 plus people we have trained at Live paid Events, and the 120,000 who subscribe to our newsletter, the single BIGGEST objection is still that ol’ Chestnut:

MONEY

And I was using that poor excuse for 27 years; exactly the reason why I never had any.

And here’s the thing: no-one wants to hear the reality. The TRUTH. People want new strategies, people want get rich quicker tools and tricks, people want to be given the answers, yet they don’t want to know the real TRUTH.

So what is the truth about money?

Well the truth is that it is just an idea. It is value. It is exchange. You offer value to someone; they will pay you for that value. And here’s where most people struggle: they don’t create enough value, they believe that in order to buy things [invest], you have to already have money [preferably in your bank account].

So how have Richard Branson, Donald Trump and James Caan become Millionaires or Billionaires?

Did they start with a Billion in the bank before they got out there and invested?

No!

Did they use leverage, other people’s money, other people’s time, inspiration and perspiration, commitment and desire to attract money from others who believed in their cause?

Yes!

So it was in March 2006, 3 months after December 15th 2005, when my mentality changed forever, I realised that I was NEVER going to become wealthy trying to put money in my bank, earning it, swapping my time for it, and under valuing myself.

And then it becomes easy…

Because it is just as easy to attract money as it is to repel it. Attracting money is a strategy:

something that can be learned, just like you can learn to repel and be repugnant to money. But remember, it is easy to do, but also easy NOT to do: so which easy will You choose?

So what did I do?

I decided that I need to partner up with people or companies. I needed to offer value so that they would use their money and resources [that is the easy bit: anyone can do it: it’s just believing it].

My decision was this:
Find people with money. Find people with knowledge. Find people with contacts.

And that is what I did.

I met Mark Homer in December 2005 and we struck a unique relationship where we both met at a crossroads in our lives. We had many similar interests, yet [and we didn’t know this at the time], we were VERY different. Think ANALyst versus Optimist!
I offered my time, passion [sometimes desperation!], commitment, drive, enthusiasm and belief. Mark offered the knowledge [at the time: I made it my mission to get up to speed as quickly as I could] and the funds.

We bought 20 properties together in our first 9 months of investing and never looked back.

We started Progressive Property on £300 each [I didn’t tell Mark at the time, but I drew it out of my credit card at about 30% APR!]. That £300 has turned into Multi-Millions.

I don’t say this to brag. No one really cares about what I have done, and I truly believe that anyone can do this: including You. If an undervalued, reclusive, anti-capitalist can do it in 5 years or less: then what is stopping you? If you’re in a better position then you have a head start, and if you’re in a worse position then you are more desperate to succeed than I was therefore you should achieve success quicker than I did!

So you probably want more ‘strategies’ or ‘techniques’: the ‘how to’ of raising JV finance. Well if you do I believe you are still looking in the wrong place.

This is what you need to do:

Get out there. Network and meet people. Always swap details and always follow up.

Be CLEAR about what you offer, what you are good at, what you want, and what you need.

Don’t go for the kill to soon. Don’t ask for the money ever.
Build friendships with people, the rest will follow.

When I think to the successful JV’s I have had, all have been or become very good friends. Trust and respect are implicit. When I think about the ones that have not worked out [which is life: move on: don’t use it as an excuse to never go into another one, and try to remain friends], the agreement wasn’t clear at the start, expectations were different, and this made becoming friends tough because we were always bargaining or negotiating.

You have everything you need. You are a great person, you’re likeable [don’t let people see you on a bad day and don’t speak when angry! ] and you have skills and knowledge that other people need: that is where your ‘value’ comes in – be clear on your value, believe in it, and get out there and build your network.

Check Rob Moore on Facebook, follow Rob’s strategies, come to Progressive Property events & training if you want to learn how to become rich with no money and become property investor.
Read more about Rob Moore – click here
How Progressive Property can help – click here

Rob Moore – featured in a prime time TV show for Living as a Mentor & has recorded interviews on The Business Channel, BBC, Property Documentaries with Channel 4, & major articles on BBC Radio & TV, The Wall Street Journal &The Independent,
The Financial Times

Getting Into Property Investment With No Money

Buying and trading properties without paying any deposits is the safest and most rewarding way to invest in property. Is it easy? Not if you are starting out. It will it require some work, a little dedication and the right knowledge, but it is simple to follow a proven system that has succeeded before you.

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Over the years, John Lee and Vincent Wong educated tens of thousands of people around the world how to make money and get rich in property markets through their Wealth Dragons property investment courses, bootcamps, books and TV broadcast.

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What kind of stories you can sell for money?

Celebrity or famous person stories – information about celebrities and people on reality TV show. Did you go to school with someone before they became famous?

Real life stories – magazines pay good money for all sorts stories about your real life experiences. Few examples: almost died but pulled through, had an operation that went wrong, love, marriage, revenge, betrayal stories, unusual phobias, addictions, eating disorders, money and debt, cosmetic surgeries, holidays from hell and many other stories can make you rich almost overnight.

How much is my story worth?

It all depends on what story you have! It could be worth a few hundred or even thousands!
nationalstoryseller.co.uk help people to sell their stories to magazines and newspapers for cash.

Who can become rich from selling stories?

According to NationalStorySeller one model made £10,000 GBP (around 15,000 USD) selling her England footballer story, while others make hundreds by selling celebrity gossip.

Becoming rich fast can be very easy for those who have interesting, newsworthy, ‘strange but true’ stories to tell. This is one of the easiest ways to become rich at young age!

“We have a reputation for helping our clients make the most amount of money possible from their story ”
NationalStorySeller

Would you like to become rich and famous at young age?

Fashion industry is always looking for new faces so anyone can become rich and famous at young age by becoming a model.

A lot of people want to be a model because it’s glamorous, besides super models can make as much as $30,000 a day (most models earn far less). You have to meet certain requirements, and the amount of money you make depends on many factors (looks, personality, age, experience).

Become rich & famous – a Runway Model

A runway model could be paid by hour or a flat rate for the entire event. The annual salary of a top runway or print model can exceed $500,000, but the average wage for a female runway model can range from $ 250 -$1,000 an hour per runway walk.

Become rich & famous – a Print Model

Consider getting some professional shots taken and put everything into a portfolio, or “book.” Bring this portfolio with you to castings or to modeling agencies.

Experienced print models make $200 to $500 per hour. The most famous print models make thousands of dollars an hour.

Become rich & famous – an Underwear Model

For women this requires large breasts but small hips. For men this requires broad shoulders but slim waists. Professional, in demand underwear models can make a few hundred dollars per hour.

Become rich & famous – a Plus Size Model

If your body is full and curvaceous, you may be able to be a plus size model. Contact modeling agency that represents plus-size models. One of the world’s highest-earning plus-size models, Emme, says it’s difficult for ladies of her size to make the kind of money super-skinny models do.

You can make money as a foot, hair or hand model or an alternative model (punk, goth, fetish, tattooed models or models with distinctive attributes).

“The modelling industry can be an incredibly lucrative career given that you have the drive and determination to succeed”
UK Models

This Strategy Offers All the Features And Benefits of a True Dream Business

It requires no staff or customers – In fact, no people involved at all. Just You.

Sean Allison, a financial educator,  is the mentor and teacher of the Income Generator Strategy that teaches how to generate a guaranteed monthly income with only 30 minutes of your time needed each month.

Watch FREE video – Sean’s training will open the door to the amazing opportunity to take charge of your financial future.

Sean Allison has used this strategy for the last eight years to generate anywhere from $500 to $5000 or more in half an hour and having taught hundreds of students to do the same.

As Sean explains “Whoever uses this, day one will start generating income, not might, not maybe but will generate income using this strategy. I don’t think this strategy should be just for the rich or financially educated, I think it should be for everyone and that’s my mission now-to teach as many people as I can”.

Sean says:
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“If you have enough cashflow you can take holidays whenever you want, pay your house off faster, more income in retirement, work less or quit your day job if that is what you choose to do. ”
Sean Allison

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Sir Richard Branson – Founder of the Virgin Group.

Jamie McIntyre – Founder of over 12 different companies, 8 of which have become million dollar companies.

Eric Bailey – Life Coach & Ex NBA Champion.

Tim Ferriss – Bestselling Author of The 4-Hour Workweek and The 4-Hour Body.
Tim has been invited to speak at some of the world’s most innovative organizations, including Google, MIT, Harvard Business School, Nike, PayPal, Facebook, The Central Intelligence Agency (CIA), Microsoft, Ask.com, Nielsen, Princeton University, the Wharton School, and the Stanford Graduate School of Business.

Eddie McGuire – Host of ‘Who Wants To Be A Millionaire’

Jeff and Kane – Combined, founders of 9 companies, growing 5 of them to 7 figures or more – and 2 of which became internationally leading brands.

Nik Halik – Civilian Astronaut, founder and CEO of financial freedom institute, Money Masters Global and co-founder of The Intelligence Group of companies.
His group of companies have financially educated and life coached over 300,000 individuals globally, creating millionaire clients across the globe.

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Kevin Green
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“Once you decide to work for yourself, you never go back to work for somebody else.”
Lord Alan Sugar