A little over a decade ago, when I was just getting started as an entrepreneur, I remember thinking to myself, “all I want to do is make 100K per year.”
After learning and implementing certain strategies and guidelines, I was able to enjoy the financial freedom I always wanted. I want to share with you these guidelines, tools, and strategies that have changed my life forever!
1. Setting realistic goals vs dream goals
I have clients who come to me often and want to accomplish 10k or more a month, but don’t realize, that the number one thing keeping them from accomplishing their financial goals, is that they’re not even in a situation that has the potential to yield those types of results. Hence, the financial result they want is really just a dream goal, not a realistic goal.
There is a big difference between the two. Dream goals are things you want to accomplish but don’t have the means necessary, to do so. Don’t get me wrong, dream goals are ok to have, but accomplishing financial freedom requires realistic goals. So, if you are serious about making 10K a month or more, and you don’t have the means necessary to do so, then FIRST, set realistic goals to make the changes that are required to make your financial goals become realistic ones!
For example, I have a client who told me a few weeks ago that his goal for 2016 is 200K. After talking more in detail we realized he had a big impediment that would keep him from obtaining his goal. He was being paid 80K a year salary. There was literally no way to accomplish his goal even if he perfected his position and skill set. We had to first set realistic goals to change his situation in order to even give him the opportunity to make 200K.
So, the following strategies and suggestions won’t help you achieve financial freedom unless you FIRST put yourself in a situation that provides the opportunity to do so.
2. Support
Show me your friends and I’ll show you your future. If you have friends, family, or work colleagues that are holding you back from achieving 10k a month, or whatever your financial goal is, GET RID OF THE THEM! I know this may sound harsh, but until you realize that those you surround yourself with the most will have a direct influence on your motivation, skill set, knowledge, potential, etc., your financial goals will not become a reality. If you want to be a millionaire, then put yourself around millionaires!
The other key point with support in is hiring help. I am serious about this. Think about how much more you can accomplish with twice the amount of people working on achieving YOUR goals. Again, a little over a decade ago, I was stuck in this mindset that I needed to do everything myself so I could optimize my profit margins. I couldn’t have been more wrong! After putting the right people in place, I was able to quadruple my results within a year and have more freedom while doing so. Delegating is one of the most common traits amongst millionaires. It provides resource.
Also, don’t be reluctant to hire a mentor, coach, or consultant that has achieved what you’re wanting to achieve. Trust me on this, I have mentors of my own and I have paid a lot of money to have their support, it has been worth every penny. This type of support will help give you the direction, guidance, and knowledge necessary to make your financial goals become a reality.
3. Perfect your skill
Whatever industry you are in, making 10k a month becomes more realistic when you have mastered or almost perfected the skill set your job requires. Become the best you in your industry. This will require more commitment, more practice, more research, more energy, more effort, etc., but well worth it, if it means accomplishing your financial goals. Don’t hesitate reaching out and asking the top producers in your industry how they became so good. Even if they are “rivals,” the best way to perfect your skill is to seek out those who have already perfected it. Do whatever it takes!
4. Continuous commitment
Don’t just quit when things get tough with your business. This may sound like common sense, however, more often than not, people turn and run when things aren’t going their way creating a ZERO percent chance of becoming financially free. Think about it, if you keep leaving when times get tough, how will you ever make 10k a month? You have to keep going and figure it out. Unless you are leaving your current job to pursue a better situation that will yield better results, stick with it!
Motivation gets you started, commitment keeps you going. The way to stay committed is to have accountability and a continuous work ethic. That’s one of the things I do for my clients. We create and accomplish powerful transformation so they stay committed in order to achieve financial success. This allows them to enjoy more freedom and time with their family and loved ones.
Continuous commitment also means you don’t let up once you start experiencing success. I see it happen quite a bit when someone will set a goal to make 100k a year and get really motivated, but the month they hit 10K, they think they have their goal in the bag and let off the steam. The next month ends up being a disaster setting them back, derailing them from their goals. Continuous commitment is the only thing that will prevent this. If you have a great month; awesome, make the next month even better!
5. Insanity
Albert Einstein put it perfectly, “Insanity is doing something over and over again and expecting different results.” Learn from your mistakes and don’t repeat them. In sales, we have the “opportunity” to mess up constantly. I call it an “opportunity” because it provides a chance for us to learn, to adapt, and make the necessary changes so we can become the best at what we do.
6. How serious are you about your financial goals?
There are two types of people; those who just talk about making 10k a month but aren’t REALLY willing to do what it takes. Then, there are those who are serious, very committed, and willing to do whatever is necessary.
Remember my client I mentioned at the beginning, who’s goal for 2016 was 200K? After we realized the number one thing keeping him from reaching his goal, as mentioned before, I asked him how serious he was about making 200k in 2016. He responded, “I am 100% serious, I will do whatever it takes.” I told him he had three choices;
A) Quit his career job and we can find something that would allow him the potential to make 200K.
B) Meet with the owners of the current company he worked for and explain his financial goal for 2016 along with a request of a way to earn 120K more.
C) Apply for a second job on the side in addition to his current one.
Good news is, he is in sales, so asking the owners to create a way for extra earning potential based on commissions, wasn’t unrealistic. Notice, I didn’t suggest that he just ask for a handout from them but a way to earn the difference he needed. This placed the realism of his commitment on the table. If he was really serious about making 200K in 2016 he would have to change something to allow him even the potential to accomplish his goal. I can happily report that he chose plan B and is on track to already make 36K by the end of February 2016!
If you would like to learn more on how I went from a broke college student, to making 6 figures a year, and then onto 7 figures, check out the BlackLine Programs I offer, including my Life Coach/Mentor program. My goal is to help highly committed individuals accomplish real results, in real time. I have over a decade of experience and am willing to show you everything I have learned and implemented in order to have the financial freedom you want.
Lastly, if you’re ready to invest in yourself or your business, fill out the form below. Once I receive your application, I’ll be in touch so we can chat about what is keeping you from accomplishing financial freedom and how we are going to get the results you want! Make sure to share this with your co-workers and your friends on social media!
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