The Bad Economy Straight Talk-Part 2 |

The Bad Economy Straight Talk-Part 2

21 Nov, 2008 Careers & Employment, Entrepreneurial, Home Business, Money, Personal Development create wealth financial leverage home based business network marketing industry

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photo credit: TomRaven

A New Business & A New Day

Yesterday I talked about the financial challenges facing most middle income Americans and why so many people are finding themselves in financial straights. The simple answer was that probably you along with millions of other people have zero leverage of their time or money.

Today I’m going to offer you some insight to a possible solution. However this particular solution will also come with a few warnings. I want you to know that one of my insights is that chasing after money in attempt to fix all of your problems isn’t the answer. Matter o’ fact it can be a trap.

Emotionally and physically it’s a trap. No different than if you’re in the rat race of working a 9-5 and still not having enough month at the end of the money. You’re doing the same crazy thing and not getting the lifestyle you desire.

Definition Of Lifestyle

I could jump right into the stuff that you need and can do to start creating leverage and wealth in your life however your mind has to be right before you do so as to improve your chances of sticking around long enough to capitalize on the work. You see I’ve been on both sides of the fence of life style.

You see I had a lot of life when I was younger. I traveled and saw a lot of the world, had good times and actually had my 21st birthday in Poland performing in a band in front of 10,000 people. It was great and I’ll never regret those experiences.

However at that point and time in my life I had life, but zero style. I was broke.

Remember that broke is temporary though and P.O.O.R. is a state of mind. I’ve never been poor, just broke. Poor stands for Passing Over Opportunity Repeatedly. I’m not one to skip opportunity when it presents itself.

But I’ve also been on the other side where I went into sales by 22 and was making a pretty serious income by the time I was 27. I had the style part down but no life. Which means I was working way too many hours for the style to enjoy any of the money I was making.

So you see, I had life at one point in my life and then I had style at another point in my life. But I never really had lifestyle. I believe you want lifestyle too and that doesn’t mean you have to be making a million dollars a year or even a 6 figure a year income in order to have a dream lifestyle.

However large sums of cash will come if you create and manage your leverage properly.

Prepare To Win

College football legend Joe Paterno said once:

“The will to win is important but the will to prepare to win is vital.”

If you will take a moment to prepare your mind and prepare a game plan of over coming your financial squeeze there is nothing that can keep you broke but will lend it’s self to you creating serious wealth.

If you want to earn a million dollars you must first become a millionaire inside. That’s the new way of wealth thinking.

So first let’s take a look at a few ways that you can create leverage in your life.

1. Leverage your lack of knowledge -Read about, listen to via audio and get around people who understand success. The laws many times over are universal. This blog wasn’t really supposed to be about money but about wealth. That starts on the inside and changing your thought process about it.

So of course this blog is a great place to read about success because I focus on the fact that wealth starts on the inside. However you want to buy books about success, spiritually & financially speaking. I recommend Think & Grow Rich, How to Win Friends & Influence People and Real Magic as must have reading.

I’m constantly listening to CD’s in my car or my ipod at home while doing things. And of course you’ve read here before the importance of a mastermind group. These are all ways to leverage your lack of knowledge.

2. Leverage your time- You leverage your time by tapping into a system. A system is something that someone else has already taken the time and money to put together. Examples would be like a franchise such as Subway or McDonalds. The challenge with those are they cost over $100,000 or well over a million dollars up front to start.

The good news is that you can have access to you what I consider mini franchises in the network marketing industry for at times as little as $100 investment. The rest of your investment can be and mostly will be your time and effort. This is how I cut my teeth 8 years ago.I invested a few hundred dollars and some sweat equity.

I started spare time part time with a company and put in roughly 8 hours a week marketing my companies services as well as finding other people to market the services. I treated it like a part time job where I showed up when I said I would, but had the benefit of working out of my home.

The key is to create full time profits only putting forth a part time effort. I did this and was starting to make over $1000 a week. I was leveraging my time with the efforts of others. I was starting to make income even when I wasn’t working. Those results started to get my attention about this whole lifestyle definition.

Eventually I went what’s called full time in this industry. For me that’s investing 20 hours a week in my business. Sometimes more sometimes less. The rest of the time I do what I like, such as blogging, playing music and spend time with friends who are of the same mind set and lifestyle.

You see the point isn’t to walk away from your job cold turkey. Not many if any, people can really afford to do that right now. You don’t quit your job until your part time business is making as much if not more than your job. However you’re still only putting in a part time effort.

See what you can do is take 10 hours a week, give up TV programs or a hobby in that period of time and invest your time to create leverage by finding other people who are looking for the same thing. You get to leverage their time and money to build a business with!! They spend their few hours a week and their few hundred dollars or whatever the cost is to get started and you reap the benefits generally in the form of a cash over ride.

The company you work for as an independent agent for delivers the service & pays your team. You don’t deal with payroll or any of that fun business stuff. You’re job is to market the service and find other people who want to market the service. It’s a business owners dream.

This is much like a Real Estate broker would do with a real estate agent. Agent sells a house, broker makes an small over ride but he has lots of real estate agents and a much bigger income.

That’s how you create wealth using other peoples time and money in the network marketing industry for very little financial investment. Usually the winers and complainers that exit the industry are people who don’t follow systems, aren’t coachable and want huge gains now instead of later and leave when it doesn’t happen over night.

One More Excuse

Billionaire A.L. Williams said it best:

“If you’re the only one responsible for your income you are double dumb. What’s the fastest more secure way to the largest number? Is it through addition or multiplication? Obviously it’s multiplication…so why are you the only one adding to your income??”

Now I know what you’re probably thinking, “Tony do you mean I have to sell something? I’m not good at sales at all. I couldn’t sell water to people in the desert.”

Listen I’ve heard it all when it comes to this excuse and here is what I’ll ask you to do. I’d like you to write down all the reasons why you don’t think you could be a good “sales person.” Go ahead and grab a pen and paper and do it right now….seriously. Do it.

Ok back? Now, 1. I want you to realize there is zero profit in a list of reasons why you can’t do something. 2. I want you to also realize you’re selling me and yourself on why you can’t be any good at sales. Read what you wrote down and think about it.

You see sales is nothing more than a transference of belief. That’s why whatever network marketing company you position yourself with you have to believe in the product or service you’re marketing. If you don’t then you will come across as trying to push something just to make money. Then you’re fear comes true. (That’s right, people think you’re just a cheap sales person)

The good news is that with most network marketing businesses like the one I’m affiliated with, there is a system in place that you follow and usually that system involves you being the messenger not the message. Which means you’re just promoting someone to take a look, not trying to convince them against their will to buy something they really don’t need.

Generally network marketing businesses provide or have access to CD’s, DVD’s or some kind of 3rd party tool that you give away to a prospect that explains the product or service & opportunity that you’re positioned with. Or even 800 numbers with recorded calls or websites doing the same thing. This way you can make immediate exposures which lead to immediate profits with very little knowledge of the products.

Immediate profits, little knowledge but a lot of desire along with a system in place is a recipe for change in your financial life. At least it’s a start!

So with those excuses out of the way you just have to find a good home based business to position yourself with in order to invest a part time effort in and give yourself a little time to mature and evolve in order to create the extra income you desire.

That subject alone could be a serious post just unto itself however It’s challenging for me to be objective because I myself am already with a company. I would just tell you to follow your passion and interests in a particular subject or product 1st and foremost.

The Answer To Everyday Wealth

Once you’ve found something like a home based business/network marketing business and you’ve stayed to a strict budget, relieved yourself of any debt, and saved 6 months to a year of monthly expenses you’re now ready to again leverage your lack of knowledge about #3 which is leveraging your money.

This could lead you to real estate investing, other traditional business ventures or stocks.

I have to stop here because this post is already way too long but I wanted help you get some clarity of some of the opportunity that is out there that gives you and me the chance to get ahead and create financial wealth but doesn’t harm your financial status in the mean time. It actually improves it.

With a small investment generally of a few hundred dollars or less, a strict use of your time and the ability to be around other like minded people the network marketing industry is a great way to leverage your time and money to create wealth. It’s a very real business model but just like any business does have it’s learning curve.

I’m going to end this on part two. You could have lots to work on at this point. If this was any help to you let me know. If you’d like me to cover anything else in a bit more detail let me know as well. This blog is much more valuable everyone with your input.

As always a new way of wealth comes from with in. Have an incredible day you awesome person you.

Tags:self improvement,personal development,motivational,nlp,beliefs,life philosophy,business philosophy,money,network marketing,home business,home business habits,sales,marketing,entrepreneurial, home business, marketing, network marketing, nlp, money