How much money do you want? Saying you want more is not good enough. Five dollars
is more. How much more? Decide on a figure. Be specific. You will not seriously
want more money than you are capable of earning… however, you would be wise
to remember, you must earn it.
There Are Three Income Earning Strategies
Trading time for money – By far the worst of the three income earning strategies,
it is employed by approximately 96% of our population – doctors, lawyers,
accountants, laborers, etc. There is an inherent problem with this strategy –
saturation. You run out of time. If a person accumulates any degree of wealth employing
this strategy, it will be at the expense of a life. They compromise on the car they
drive, the house they live in, the clothes they choose and the vacations they take.
They rarely, if ever, get what they want.
Investing money to earn money – This strategy is used by approximately 3%
of the population. The number is small for the obvious reason – very few people
have any money to invest. Many people who effectively employ this strategy follow
the advice of a trusted, knowledgeable advisor.
Leveraging yourself to earn money – This is where you multiply your time through
the efforts of others by setting up Multiple Sources of Income (MSI). This is, without
question, the very best way to increase your income. Make a decision to have many
sources of income; it's the strategy that wealthy people have used dating clear
back to the ancient Babylonians. Unfortunately, this strategy is only used by approximately
1% of our population, yet that 1% earns approximately 96% of all the money that
is earned! You are only a decision away from membership.
Once you determine how much money you want to earn, write it down on a sheet of
paper in large figures. Look at the number with the dollar sign beside it and tell
yourself over and over again:
That Amount of Money is an Effect. It Represents
a Reward that I Want to Receive. What Service Can I Render that Would be Deserving
of that Reward?
You can take the total figure and divide it into multiple parts. Each part would
represent a source of income. Each source of income represents a separate reward
that you would receive for a service you would render.
Work on one source of income at a time; each one can become an exciting part of
your life. What you are actually doing is thinking of different ways you can be
of service to others.