Tuesday, January 06, 2009

A Millionaire Mind Program

Money today is more important than Money tomorrow.

This is one of the hardest lessons I had to learn in business. It is the most important lesson about cash you will ever learn. It won't be easy to learn and utilize because every pore of your body will want you to believe and act the opposite. Not following this principal causes entrepreneurs 98% of their failures. It is the core principal that can also cause any business to prosper immediately once learned and utilized.

There is nothing more important than understanding the fact that making $1.00 today is more valuable than making $300.00 in 90 days.

Which would you rather have; the ability to make $400 today, or work daily toward making $25,000.00 in 90 days?

Most people pick the $25,000 in 90 days. But you should pick the $400.00 today. Here's the reasoning: If you can make $400 today, then you can duplicate that for the next 90 days and would have earned $36,000.00. That means even if you missed 30 days and didn't earn $400 on those days, you would still have earned the $25,000.00. But if just one thing went wrong during the 90 days you may not earn the $25,000.00 and would have LOST $25,000 or more you could have earned day-by-day using a safer method of earning. You would have to start another 90 session in which time; had you been steadily earning the $400 daily, would have over $72,000 in the same 180 day period.

Now if you can do something that will earn yourself $400.00 a day, surly you could work out a way to double or triple that amount during the 180 day (6 mth) period. That would mean earning $200,000 - $300,000 over the next 12 months. Even if you missed earning for half the days in the year, you would still end the year with over $100,000 of steady, dependable, bill paying money. Now during the year, with steady money coming in, it will allow you to gamble on the 90 day $25,000 paydays. But if they don't work out, you're still not having to go back to a J.O.B.

Some people subconsciously use the concept of making money later as an excuse not to "work" and make money today. They don't want to feel the pressure of making money today. It becomes a way of life, they start to live in a dream of making the big payday "shortly", but not today. Others fall in love with the idea of the making "The Big Money", it's almost a bragging right to say, "I made $30,000 on that one deal". Others will say, I must earn $25,000 a month, therefore, I will go after the Big Payday and they overlook the $400.00 a day method to a greater fortune.

The bottom line is that a big check every once in a while, won't pay the bills, and won't allow you to buy anything of significant value because you can't "count" on steady income. Millionaires get to live a life without stress when money comes in on a steady basis, with very little variation to the downside.

Insure you have a base of money coming in that is automatic and steady. Then work on getting large lump sums of cash coming in.

Implement the following Mind Program. I'm earning daily cash income. I make $400.00 Everyday; 7 days a week. I don't care about cash next month, I care about cash today.

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