What Are The Foundations Of Success?
As we set off on this journey together, I will teach you the Foundations of Success and help walk you through a series of what I have come to understand, are the crucial foundations for becoming successful and gaining wealth. I have developed, over the last two years of study, research, and application, a full guide that has not only changed my life around, but if given the chance can also change your’s. I’ve labeled this highly valuable program the “Foundations Of Success,” because it contains what I believe to be the most crucial and foundational ideas, concepts, and principles that you absolutely need to understand and apply in order to truly achieve Success in your life.
Below is a summary of Foundation #3 “Personal Development.”
The Foundations Of Success course I’ve created is extensive in it’s value, simple in it’s approach, strategic in it’s knowledge, and easily accessible to you. All you have to do is follow a link and your life could change in an instant.
And I know that life is daunting, and change is hard, so should you desire to first get a taste of what the Foundations of Success are all about, I’ve created these short blog posts to give you some key insights into what you’ll learn in each Foundation of Success within the program.
Read to your heart’s content and follow each post to gain a preliminary understanding. This information alone can do wonders for your life. But should you choose to be serious about changing your life, improving your current situation, and beginning your journey on the path to riches, the full scope of the Foundations Of Success is always available to you here.
Multiply And Increase Your Income – Foundations Of Success 20
20) Multiply And Increase Your Income
A common phrase that gets thrown around these days is 10X growth. But what does it mean to have 10X Growth in your life and in your income? We focus on this number because it’s easy to think in multiples of 10, and thus easy to increase your life by setting this as a goal. If you can make $10,000, you can go to $100,000 and $1,000,000.
But 10X Growth is not just about moving up in multiples of 10. There’s also a concept about learning to determine what it is that you want to accomplish and grow in your life. Then, think 10 Times larger than what you first imagine. This is what the 10X Rule truly is. Set your sites, determine the effort you believe you’ll need to reach that goal, and then make up your mind to do 10 times that amount of work.
You’ll inevitably fall a little short some times, so if you set your aim way beyond what you actually want, and do 10X the work, effort, planning, etc… you’ll be sure to hit your mark.
This rule of 10X will ensure that you always grow well beyond your current thinking. You will have to challenge yourself leaps and bounds beyond your current capabilities. We can tend to think our goals will be easy to hit, and thus we don’t actually put in the work and growth necessary to truly accomplish them. But by setting a goal 10 Times beyond what you initially wanted, it will seem nearly impossible to you to ever reach it. But if you dedicate yourself to truly reaching it, you will be so constantly challenged and stretched to reach that goal that you can’t help but force yourself to grow. This process will help you overshoot all goals you set for yourself.
The world belongs to the learners.
The world belongs to the learners. To double your income, triple your learning. You won’t ever be able to achieve new goals without learning new knowledge and skills. Thus, apply yourself to learning.
When you think about investing, it may seem like some far-off goal for you. You may not have any extra money at this time in your life, and you may see it as wishful dreaming. But I want to change that in you. I want you to think of investing as something attainable right now. Everybody has a job. All of our jobs go toward paying our monthly needs. Our rent, our food, our gas, and a little bit of fun that we get to have. Your job pays for your needs. And if you’re lucky and you’re in the top percentile of people, you may make a little extra money each month that you can save or possibly invest. But most of us don’t think that way. Most of us don’t have extra funds coming in at the end of each month, and we find ourselves with too much month at the end of the money.
So what I would like to impress upon you is to work full-time on your job to cover your bills and your needs and your expenses, but then do a little extra. Work part-time on your fortune. Find some pursuit that you can do, which will pay you for your efforts, and concentrate this money solely as your savings. Think of it this way:
You weren’t doing this job before now, and you somehow made due without the money. This is now extra money, and you need to continue to make due without it. Every dollar you make from this new job will go towards YOU. Not to spending, not to bills, not to rent. This money is your’s. Let no man lay claim to it but yourself.
If you begin to do this, and pay yourself from this extra pursuit, you will quickly find that you are no longer broke. You’ve started to actually save money, maybe for the first time in your life. Avoid all temptation to spend this money and instead save it as your investment fund.
Wages earn you a living, Profits earn you a fortune:
Understand that wages are good, and they make you a living. But profits make you a fortune.
This is why I am teaching you to build a profit-making side pursuit. It goes along with the last paragraph, and ideally you would learn to develop a side job that doesn’t pay you for your time invested (wages) but rather gives you a return for your money invested (profits).
Start Putting Money Aside From Every Dollar You Earn.
Each month, take a small percentage of what you earn and put it aside, untouched. Even if you don’t feel you have enough money to spare, you need to find a way to pay yourself first.
Remember the philosophy of the poor and the rich. The poor spend their money, and invest what’s left over, which often is little to nothing. The rich invest their money first, and spend what’s left over.
Start with 1%, or even 5%. Or, if you can afford it, 10% is ideal. Record each dollar of profit you make, and take from it your set %. Put that amount aside, untouched, first, before you pay bills and spend it. And then find something to invest it in that you can work on part-time, a few hours a week or so. This is not your 401(k), this is not some retirement account that you don’t have any say in. This is a part-time fortune making job.
Find something that you’re interested in, or interested in learning, and invest in it. Slowly if you need too, but put your money into it and spend some time on it. (this could be an online program on how to make passive income, or it could be a multi-level network marketing job, or it could be a traditional business, etc…). Go work on your fortune. Eventually you can build it up to where it makes you profit and that extra money can go towards more savings and more investing. And this is important. Don’t spend your profits from this job. Reinvest them. Always reinvest them. Treat this as if it doesn’t exist for you. It was something you got by just fine without before. And now that it’s earning, why should it be any different. This money is not your’s to spend, but it is your’s to invest and to make a fortune with.
Now, all of a sudden, you’re not just working on your job, but you are building yourself a fortune, untouched by the rest of your daily life.
The poor work a job, pay their bills out of their wages, and invest the little bit they have left, if at all. The rich take their wages, invest in assets that give them cashflow, and pay their bills out of that cashflow. Thus, they always are increasing their investments and also paying down their liabilities. You can’t just expect to start on that level, but the sooner you begin to invest in new ventures that provide you with a return, the sooner you can grow your overall investments and turn your life around so that you are always paying yourself and your future first.
Increasing your income comes from focusing on goals and consistently reaching new heights. You do this by the 10X Rule which states that if you know your goal, and the effort it should theoretically take for you to reach that goal, you determine for yourself to do 10 Times that amount of work and effort so that you can constantly grow and challenge yourself, thus ensuring you always reach your goals.
Additionally, increase in income comes from being able to invest your money and pay yourself first, before spending it all on bills and liabilities. Learn to set up for yourself a side business that you can devote a little effort towards building. This new pursuit allows you to work full time on your job and part time on your fortune. Each dollar you make from this pursuit needs to be completely separate from your day to day life. It’s not for paying bills or paying rent, it’s for continuing to invest in yourself exclusively. After a short amount of time, you will turn a profit, reinvest this money, and continue to build new assets for yourself by repeating this process. Out of these assets you will produce cash flow, and you can soon begin to pay your liabilities with you cashflow produced solely by your assets, and thus take your income from you job and continue to invest that into new assets. This is what separates the rich from the poor.
Learn The Foundations Of Success
By this point I’m sure you’re intrigued and wondering what else there is to know that can help you live the life you have always desired.
If you’d like to go further in depth with this principle and others like it, and better understand it, I’ve prepared a program for you called The Foundations Of Success.
In it you will learn all of the fundamentals of “How To Become Successful,” and what it takes to get Rich. Let the Foundations Of Success program assist you on your Road To Wealth.
Click Here To Begin Your Journey On The Path To Riches.