Even if there was a quick and easy path to get rich and powerful, the MFCEO says you shouldn't take it. Why? Among other reasons: when you get money easily, you lose it easily. It takes time and experience to become the kind of person who can really handle large sums of money. And you cheat yourself out of the things you gain when you take the long and hard road: a great story and the right to respect.

If you are waiting to see what other successful people do just so you can do the same thing, you are doing yourself a disservice. It's one thing to notice what someone else does well. It's legitimate to cherry pick a good idea or best practice and apply it to your life and business. But here's the bottom line: whatever you draw from someone else should be adapted and be developed for you. Personalize it or pass on it.  You don't want to be a carbon copy of someone else.  It's less than you deserve and bad business.

One idea that doesn't belong in an authentic entrepreneur's mind is the idea that somebody is out to get you. That someone is trying to put obstacles in your way and keep you down. That's false. The reality is, it's up to you.  You have to grow your skills. You have to create the opportunities. You need to put in the work. The only person you should be worried about is yourself.

How do the rich manage their money? Do they keep a budget like average people? Do they avoid impulsive purchases? How do they use credit cards? Do they care about their credit score? In this episode of The MFCEO Project, Andy Frisella covers the basic principles and best practices for anyone who wants to get and stay rich.

There's a common mistake that stalls a lot of people's progress. They may be on their way to achieving their goals, making more money, but then all of a sudden, they hit a brick wall. Why? It's because people assume that the same plan and practices that earned them some success at the early stages of their life can be applied to every other stage. It can't. Yes, there are fundamentals to success. But you also have to be adaptable. Your plan has to evolve. Your skill set has to be developed and reinvented. Bottom line: if you want to continue fulfilling your own true potential, you have to learn to change.

In today's day of entrepreneurship, we have young people (and old people, too!) who are constantly looking for the grand slam or overnight success. They want to try to mimic the stories they read about that say how someone took a rocket ship to mind-boggling wealth. Here's the reality: in spite of the rare stories that are posted all over the internet, there's no easy way to earn big money. You have to provide value. You have to execute in an exceptional way. You have to do the things that are difficult. But--in the end--these things pay off.

The most valuable thing you are going to learn in business isn't how to sell. It is how to manage a team, from the guy sweeping the floor to your highest-level VP. Mastering the art of leadership is hard, but worth it. So how do you learn how to lead? The first step is to make a habit of taking initiative. When you see something that needs to be done and you do it well, you're on your way to becoming an incredible leader--the kind that knows how to build wealth and build an empire.

Marketing has become so sophisticated over the last couple of years that developing an effective strategy can become overwhelming. In this episode of The MFCEO Project, Andy Frisella shares the basic principles and practices that have helped him promote his businesses and generate millions of dollars in revenue. In a wide ranging conversation, Andy discusses everything from basic marketing philosophy and common social media marketing mistakes to the use of brand ambassadors and use and abuse of the principle "sex sells." 

What skill can determine whether you are going to be an average person who earns $40,000-$80,000 a year or an exceptional person who earns 6 to 7 figures a year? It's the skill of leadership. If you learn and master the effective management of people, your potential for success and greatness will be unlimited. How much time are you investing in the development of this skill? It is an investment that pays off.

Happy 4th of July! The men who founded America believed in something bigger than themselves. They believed in something that could make their lives better, as well as the lives of their families. But they also knew that they were up against impossible odds and that the cost of failure was high. Are you motivated to pursue amazing, seemingly impossible goals? Not just goals that benefit you, but others too? Have you considered the high cost of achievement? America was built by people who, in the face of massive adversity, decided to move on regardless. What about you?