Which do you want?

Did you know that there are only three kinds of money? No, I’m not talking about hedging against currency fluctuations by using forward contracts, options, and futures contracts. I know! You’re surprised that I actually knew anything about international finance, aren’t you? I actually enjoyed international finance, accounting, and economics in college….but I digress… Unfortunately, the concept of money that I am about to lay out isn’t taught in college. They don’t teach it in your carrier’s sales school. Heck, even Dave Ramsey doesn’t talk about it, even though I assure you he understands it.

3 Kinds of Money

• What you want to make.
• What you need to make.
• What you are committed to making.

I’ll take them one at a time:

• What you want to make: Dream! Dream big!! Dream bigger than that!!! Think Warren Buffet and Bill Gates combined. What car are you driving? Did you know you can get that Maserati in his and hers? How many houses do you own? Where are they located? Now look deep into my eyes. I have something you need to really understand: “WHO CARES!!!!” If you think that by just “believing it” or “wanting it badly enough” or that you are going to somehow use “The Secret” to materialize these things into your life, I have some swampland in Florida that I need to get rid of.  There is nothing wrong with doing a little “dream building” and attending open houses in neighborhoods you can’t currently afford. I don’t even have a problem with you creating a “dream board” with those things that you are striving for. I just want you to understand that wanting something and making it happen are two very different things.
• What you need to make: This is none of my business. Just like what I need to make is none of your business.  That number is something that is very private that I only share with the lovely Dizzy D and my creditors.  This number also includes the amount of money I need to fund my retirement and other savings.
• What you are committed to making: Now we are getting somewhere! If your income is based upon production such as commission sales, and assuming your compensation plan is fair, then this kind of money is all that matters. If you truly understand exactly what kind of activity is required, the effort necessary, and you are still absolutely dedicated to making it happen, then I like your chances! The challenge is that most people don’t really have a clue what they are getting themselves into. Then when the challenges begin (and they always begin) most people quickly allow their commitment to fall below their “need to” level. I also call this the beginning of the end. To truly understand the intensity of effort that is going to be required, please take some advice from Grant Cardone and his book   According to Cardone, it is going to take 10X longer than you think, be 10X harder than you were lead to believe, and be 10X as satisfying when you kick its butt!!!

Conclusion: You are a product of your TRUE commitments. Chose them wisely! (Tweet That)

Question: You say you’re committed to making it big in this business. When was the last time you did anything that would prove it? Perhaps it’s time to consider sitting down with me to discuss how I can help you grow. Schedule your free, 30-minute coaching call by clicking this link: https://calendly.com/timmartin/30