How Much Money will i make?

Challenging your money paradigms brings the answer; this 60-day challenge will help you get there.

 

By Sandeep Nath, a master from the east

 

The Money Question...

Remarkably, this is one question that comes to anyone starting out in business… especially in a networking related business. In traditional businesses one has some idea due to precedents… if it’s a shop one starts, serious profits would take 2 years… if it is a factory… maybe 5 years to just break-even. Somehow one is clear and prepared to risk everything (often life-savings and 18-hour work-days) to venture out.

Strangely though, when it comes to network marketing (online or offline) people are generally hesitant to part with even a few hundred bucks. Even though they have someone (who’s attempting to sponsor them) willing to help them get profitable in a matter of weeks!

Why is this so? When I thought hard about it I concluded that perhaps the ‘money part’ is just a cover-up for the need-to-talk-to-people part. It’s much easier to say, “I don’t have money” or “how much do you make” and brush off a potential sponsor.

But then, somewhere someone has to state the truth right? And that’s what I aim to do.

Where is The Money?

My objective of this piece is two-fold. One, to tell you where the money is. And two, to tell you how to get it from there. Interesting? Fasten your seat-belts :-)

If you have read “Secrets of the Millionaire Mind” by Harv Eker, you would know the invaluable wealth principles he’s articulated so well. If you haven’t, put it on your to-do list for this week. When you look back to this week 5 years hence, you’ll find it was the most significant thing you did.

What Harv says is we all have our in-built financial thermostats. They cut-off at some subconsciously determined level. The book helps you change your financial blueprint but this article only draws your attention to its existence.

how would you spend one million dollars?

Your first thought would be…

1. How many zeros is that?
2. Let me have the money first
3. Depends… there are so many things… (philosophy)
4. I would do “xxx” (exactly using the money to the last dollar)

If your responses were anything other than #4, here’s what you can be sure of. You’re not getting the money (!) Sorry, but that is how the cookie crumbles. Stop killing yourself over it :)

And it doesn’t matter if you are in offline business, online or network marketing.

<FACT> 90%+ businesses of any kind crash within 5 years.

It’s just that you get to hear about the network marketing and online businesses faster because they reach further and impact more people. Period.

The reason for your not being able to make the money (or crashing the business) is simple. Your subconscious is not programmed to do anything with that money. Your conscious mind just floats around feeling good about the million dollar “jackpot”. This is the reason most lottery winners are back to where they started few years down the road. Have you heard of any millionaire who built his empire thanks to a lottery win?

So how much money you can make is dependent not on what your online business would get you but rather on how big you’ve built your mind.

Is your crucible large enough to hold a few billion dollars, which is but a tiny fraction of the world’s abundant wealth?

Are you saying the right things to yourself? The excuse, “I don’t have the money”, spoken to a network marketing sponsor is self-defeating for life. In saying so, you are programming your brain to ‘not have money’ and be ok with the idea. Poor choice!

The "Improve Your Money Mentality" 60-Day Challenge

Are you getting the picture here? The money is in your mind. And some good b-quadrant friends can get your mental blueprint about wealth better organized for you.

Now that you know the money is in your mental crucible, here’s a game you can play to help you get it from there. It’s fun and will surprise you! Be at it for 60 days and watch your crucible expand! Here’s the game:

Start a fresh notebook. Turn to page 1. Write down any imaginary figure you are comfortable with, to earn in a day. For example, if you are on a $ 3000 /month salary that’s $100 per day… but maybe you are comfortable with even $1000. Write that. Don’t put any figure that your mind will ridicule.

Now, use this money up on the same page. Below the figure, write what your mandatory expenses are. Groceries, utility payments and loans typically stand at the top of the list. By the time you finish expenses, be sure you end on a zero balance.

Next day, again put a figure on top of page 2. This figure must be equal to or greater than the previous day’s. Again, apportion expenses. Look at the longer term expenses now… like the house loan… pay off more than just a month’s installment. Next, look at non-mandatory expenses you’ve been budgeting for… the diamond solitaire for instance… and end the page on zero balance.

On the third day, again put a figure on top of page 3. Obviously this figure must be equal to or greater than the previous day’s. Again, apportion expenses. Do this till you can’t think of any other thing you need to spend money on… except luxuries. In case you finish expenses, tithe a little (give to charity). The tithing amount should be no greater than 10%. Over? Spend some on luxuries till you are at a zero balance.

Next day, again put a figure equal to or greater than the previous day’s on top of page 4. Give yourself a bigger hike. Continue with immediate expenses first, long-term next, non-mandatory after that, a little tithing, a little luxury. Chances are you will get to this point after many more days than 4, but for sake of this example let’s imagine you’re done now and still have money left over. Now start investing the remainder. Invest in assets. Check prices of gold, property, mutual funds… see how much the remainder of your money can buy.

Remember Robert Kiyosaki’s sound anti-depression advice, “the rich put money into assets, not expenses”. So continue doing this. Be sure to have a big smile on your face everyday as you start writing into your notebook.

Be Sure To Have Zero Money Left

Also make sure you have no money left over. Put a bit aside for necessities everyday. Pay off all your debts. Enjoy all the luxuries you can imagine and gift and tithe and invest alongside (in that order).

Play this game sincerely till you reach page 60 and watch what it does to your mind. I guarantee you will be on your way to being abundantly, happily rich! And this might be the time to start taking your sponsor and your online / network marketing business really seriously… because unlike every offline business, the online / networking money vehicle operates with absolutely no limits – except your mind!

So how much money will you make?

Sandeep Nath (Dr. Whitefield) navigates people to success using a variety of tools based on their definitions of success. He's based in Gurgaon, India and stays with his parents. He has a wife and an 11-year old dobermann. He also owns a management consulting company.

Through his career he's been in direct sales, marketing, advertising, copywriting, web design, tv production, brand consulting, strategic planning, network marketing and recently (after loads of research) Internet marketing.

Sandeep publishes high-quality content at his blog DoOnlineBusiness. Check it out.

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