Is Your Wealth Model Broken?

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Your wealth model is your total income and the means by which you attain it. If the post above is familiar to you, your wealth model just might be broken.

“When you work for others, you are at their mercy. They own your work; they own you. Your creative spirit is squashed. What keeps you in such a position, is a fear of having to sink or swim on your own. Instead you should have a deeper fear of what should happen if you remain dependent on others for power. The ultimate power in life is to be completely self-reliant, completely yourself.” – 50cent The 50th Law

The first step to shifting this model to a more effective one is to start your own business. How do we do that?

Define the following:

  • Your product/service (What can you offer?)
  • The demand for it (Who would pay for it)
  • Your competitors (Who else offers similar services)
  • Your target market (Who will you sell to)
  • How to Market to them (What’s the best medium to reach them)
  • How Much to Charge (Cost vs Value)
  • How to Keep them coming back (Delight and retain)

Think about it, right, with a business, if you can learn how to sell something for $10, you can do that 100 times and make $1000, then to that 10 times and make $10,000. Then do that 10 times and make $100,000 and again another ten times, that’s $1,000,000!  Do you think you can do that with a job, trading money for time?

No way.

Owning your own business is the most effective method to wealth building.

I remember my own ‘light bulb’ moment. I had been working in the hospitality industry for a few months. The hours were gruelling,. I barely saw my child and barely had time for myself. The salary did not match the required hours.

I thought to myself, if I could get up at 5 am every morning, stroll home at 11 pm each night for someone else’s profit, how much energy would I put into my ownbusiness?

This simple self-reflective question changed everything. Immediately, my energy shifted from building their company to building myself. According to James Altrucher, “Don’t quit your job immediately. You’re going to get fired eventually anyway.”

Progress follows energy and effort.

With this new shift, you will notice less energy being put in your daily job duties as your time and mental energy goes into research, networking, planning for you own future.

Selfish/unethical?

Hardly.

You have to realize that as an employee, you are replaceable.

The only way to have what you want, is to build it. If you live in fear of losing your job, they can ask you to put up with undesirable conditions and you will agree… Out of fear. Unless you are steering your own ship and by extension, your destiny, you are just a cog in their system.

You have to break out of the mold and recognize that everything that you have been investing in building someone else’s empire could be used to start your own.

I admit it isn’t easy to suddenly change course and drop everything  to explore a brand new life. That’s what this blog is for.To encourage you through the steps.

Millions of others have done it and so can you.

All the best in your future freedom-seeking adventures!

Stephanie.

 

For additional motivation on your journey to financial freedom, check out this EBook for tips on how to shift your mindset from the 9-5 to wealth building mentality.

From Pain To Purpose

He who has the power of turning all negative vibes in his path into positive energy has learned the meaning of life

When I went broke, I experienced severe emotional pain. In my mind, there was nothing more painful than not having a steady stream of income. It stole my independence and my freedom – two of the things I valued dearly.

I got angry

Felt helpless

I felt like a slave to whomever I allowed to offer assistance. It was not a good feeling. I felt lesser than, beneath those who were still taking care of ‘biz’ and handling their lives with their steady incomes.

I also promised myself that I would help anyone who ever found themselves in these circumstances, which formed the foundation of ‘Creating a Wealthy Mindset’.

It soon dawned on me that my identity (idea of who I was) was so closely tied to being financially independent that not being in that place (no matter how temporary) was messing with my self esteem and causing great pain.

What did I have to offer now?

Who was I?

I felt diminished.

The issue wasn’t a lack of money. I certainly wasn’t starving. I ate each day satisfactorily and slept each night in safety. But the very thing I had identified my values with, was stripped from me.

People will fight and claw and do anything to protect that which identifies them.

Whatever you get your value from, is what you will fight tooth and nail for.

Getting and having money is great but what are your values and how are they tied in to how you make money, how you invest that money and your general contribution to the betterment of the world.

In other words, why the hell should you be wealthy?

If you are comfortable where you are right now, smooching off some relative, barely making it by each month what motivation is there to change, to move from where you are?

You need to tap into your pain source

What is the most painful thing about where you are?

Do they feed you but complain about it or give you attitude as they throw food in your mouth?

Do you long for freedom from other people’s idea of living.

So, what identifies you? What are your values? How do you define yourself?

This is your pain.

Use it. Wield it.

Put all that frustrating energy into creating your own life. Design it just the way you want. Let your pain help you to remain uncomfortable until you are where you want to be.

Transform that energy

That pain you feel now is your potential energy. Like a stone being pulled back in a slingshot. That stone holds within it massive energy to buss someone’s head if released (lol), but it won’t do any damage until it’s released. The pulling back of the stone increases its potential energy (the farther back it’s pulled, the greater force it will have when released).

The greater your potential energy (your pain), the greater the force when you become released. So, increase that pain when you can. Use it as your motivation to keep planning, keep going.

This is not the end of your story, merely a dark chapter. That middle chapter of your amazing biography. No great book goes without having a dark scary chapter for the hero/ heroine to overcome.

Dare you to move…

Stephanie ♥