Have you ever wondered why you struggle financially? Why you always seem to have
no money at the end of every month? Or you've never been able to save up enough
for your retirement? Well, the reason is is because you have the habits of poor
people. And the thing is rich people have different habits. And in this video, I'm
going to be going over the 3 habits of rich people that allow them to
continue making more money. It's not an act.
Getting rich is not just an act. It's not like you pick up a lottery ticket and
suddenly you're rich. It's not luck. It's a habit, it's a process that can be
learned. And I'm going to be going over these 3 elements that are going to
help you get embody the habits of rich people. Stay tuned take notes and help
take your life to the next level. So, I've made millions of dollars in my internet
business. I have enough money to retire. And the thing you need to know is that
rich people and poor people have very different habits. And you know, we do the
same things every day. We just kind of go by the same cycle all the time. And in
order to change you know your bank account from being less than a desirable
to the point where you get excited to look at every time, your bank has more
money in it. You've got to change up your essential habits. And these 3 things
are the essential habits of rich people that I'm going to try to distill for you.
I don't know everything. You know, I'm not saying this is the ultimate. You know, I'm
not a billionaire but these are 3 things that I found that are very
different from people with poor mindsets and rich mindsets. Now, the first thing is
that rich people count their money, okay? Count their money. Now, you would think
that somebody like me you know, I'm making hundreds of thousands of dollars
a month in my business would not feel the need to actually count all of my
costs and look at what each line item on my credit card I was spending money on.
And use mint and kind of categorize my
expenses and where I'm over, where I'm under. But the reality is, is that I spend
and many of the people I know who are very wealthy are crazy about counting
where their money's going. Where it's coming from. Knowing exactly all of these
different elements about their money. Poor people, they get a bill and they say,
"Ugh!" You know, they get a tax bill at the end of the year that might be one of the
only times they actually count their money. And poor people get a tax bill and
they say, "Ugh! Screw it. Got to pay it." And they send
their money to the government, right? But rich people, what we do is we
look at the tax but when we say, "Hmm. Cool. Opportunity for negotiation. I wonder how
much I can get this down." And I'm in the highest tax bracket, income wise and I
probably paid closer to the lowest tax bracket because I negotiated. I found the
deductions. I hired somebody who was knowledgeable in this space for a
fraction of the money that it costs to save me the hundreds of thousands of
dollars I did. So, we count our money. We figure out where it's coming from. What
we can do to maximize things. What we can do to save things. We don't just go out
and say, "Oh! Cool. I have a thousand dollars left in my bank account at the
end of the month." Now, the second thing about rich people is that rich people
pay themselves first. Pay yourself first. Okay. Now, paying yourself first does not
mean buying yourself that car, getting yourself a vacation to reward
yourself or it doesn't mean any of that stuff.
What paying yourself first means is actually paying yourself a salary.
Putting that money into 401k. Saving that up. Putting that in
you know, expense everything you can through your business or through your
company or whatever you do. You know, even as an employee, you can set up an LLC and
expense everything through there but you pay yourself first, okay? I'm saving up
money every single month even though I have very high earning power and I very
high confidence in my business doing well. I always make sure that at the end
of the day I am always making money before anybody else.
It always happens. I'm saving up money for myself in my personal bank account,
my 401k, etc. Pay yourself first and you'll do
better. Now, the third part of this is know how to improve your income. Now, I
just got to take off my jacket for this because this part makes me angry. And
people don't understand this. Knowing how to improve your income, you need to go to
what I call the money equation, okay? What is your money equation? Do you even know
what your money equation is? Everybody has a money equation attached to the
back of their head. And you are only going to ever be as good as your money
equation. Now, let's look at this, right? So, let's say you're working a job. You're
getting paid $20 an hour, right? Your money equation is hours times $20, right?
Very simple. The most your money equation can ever be is 168 which is the number
of hours in a week times $20. Therefore the most money you can possibly ever
make is around $12,000 a month, right? So now, you have a number. You know the most
you can possibly ever hope to earn is 20 times the number of hours a week. But
that's not feasible to actually do. You know, so you have to account for sleep
and some of these other things. But either way, you have a very clear maximum
to the amount of money. You can make this doesn't give a lot of opportunity for
improvement. And even if you go for raises or promotions, probably the most
you will get a raise for is up to 20% of your income. So, that 12,000 you could
times it by 1.2 and the most your money equation will ever get up to is about
you know, 14-15 thousand dollars. So, that is a very real number. Your range is determined by
the number of hours. Now, similarly, if you're working a salary job, your money
equation is salary times the year. It's very simple. And that's the most you
can ever make. Now, if you want to save up for retirement, if you want to save up
money, if you're working in a big city, 12,000 a month isn't necessarily going to
give you a lot of money to save u In fact, $12,000 a month is actually just
above the poverty line in San Francisco. So, you need to change your money
equation. Another example of a money equation is if you are running an agency.
Or if you're you know working on clients like a social media marketing agency
like I used to do. I could only handle about 5 to 10 clients per month. 10
clients per month max was the amount of clients that I could handle. You know,
just each client took more time. So my money equation was basically, I was
charging $500 and it was times 10, okay? Now, my money equation was
very limited, okay? And I had to change. You know, but my equation was basically
clients times 10. Because I knew that was the most number of clients that I
could personally deal with Phone calls and campaign builds and landing page
builds per month. But I had a very easy way to change this. And I remember I went
to an event in 2012, right? I was never able to replace the income I made from
my job. I was making 6,000 a month and I could only manage 10 clients a
month part-time. Now, I went to this seminar. And this really tall man with
big teeth and big hands, he forced me to question myself and ask me. And by the
way, if you know who this really tall man with big teeth and big hands is type it
in the comments. I'll give a big virtual hug to everybody who knows who
I'm talking about. But this person asked me to question what am I doing. And if I
continue going the same route, will I ever get to my goal? And I realized my
equation is wrong. And I've got to change my equation. Now, my equation was I
charged each client $500 per month. But when I realized that this
I could change that. And I realized that I could change my own wealth equation
and I could start charging clients $10,000 a month, right? This is
what I did. And I realized I could do and I could make as much as $100,000 a
month which is what I wanted to get to. I changed my wealth equation around. And I
was able to get there. Within a few months, I got 3 clients that were
paying me $10,000 a month. Now, I had to talk to different people. I had to change
up a little bit of what I was offering. Really, actually I just had to find new
places, new prospects to talk to. And I was able to get to my goal a few years
later of $100,000 a month in my business. 2 or 3 years
later, I got there. And that was life-changing. But you have to understand
know how to improve your income. Know your wealth equation and you will be
able to figure out what you need to improve it. Now, I teach affiliate
marketing and affiliate marketing is based on results. If you can sell one of
these products, you'll get $50. If you sell 10 of these products, you'll get
$500. So your wealth equation is based on results that you
get for company. The results equation, the money equation built in allows for
exponential growth. Allows for unrealistic incomes by modern day
standards. And if you just start mining in the right place, if you just start
doing a business where your money equation allows you to reach whatever
income goal you want, you can get there. But the point is you need to change your
money equation around first. Now, if you enjoyed this video and if you want to
join the money club, you can click join right next to the subscribe button.
That's the money club. But the money club is also just a group of people who are
focused on improving our incomes. Type in money club in the comments because let's
start getting this. Let's start improving our incomes. Let's start realizing that
poor and rich, they're mindsets put in to us by the media, by society, by
the education system and by our family and we can change that around if we want
to. So, dedicate yourself to getting there. LIKE this video and subscribe and if you
want me as your mentor and access to talk to me twice a month.
Multimillionaire, internet marketer; you can talk to me. There's details if you
click the join button. It's about $50 a month and you can be part of my money
club. You'll get exclusive access to all this other stuff and video trainings and
blah, blah, blah. I over deliver. Don't worry. I hope you see. Then join and
subscribe and talk to you soon. But change around your money equation change
around your life. Talk to you soon.