5 Steps To Grow Your Personal Income By 10X

10X

I hesitated to write this because most people will not take it serious. However, if you are one of those that do, everything is about to change for you.

I’ve started asking random waitresses, baristas, retail workers, friends, and family one question, “Do you want more money?”  Everyone has said yes.

In a follow up question, I ask, “Why?”

Most people don’t want 55,000 square foot homes and unlimited vacationing. Most people simply want more freedom than they currently have. They see money as the ticket to get them something they currently don’t have. That could be time off work or more time with people they love.

Everyone has different answers but one thing remains the same, people want more money in general.

Now, let’s take it to a whole different level. Do you want to make 10X more than you are currently making financially? If the answer is yes, the steps are clear on how to get there. I truly believe it is harder to get a significant raise from your employer than it is to make 10X what you are getting paid. You can make way more working for someone but you better be producing high levels of income for the employer.

I remember working somewhere for years and working hard for a raise. It was always a huge deal to make another couple $1,000 a year.  So in an attempt to breakthrough financially, me and my family took some unconventional steps. I want to share these steps with you and hopefully they will help you breakthrough like we did.

Step 1:  Believe Breakthrough Is Possible

Most people don’t really believe they can grow their income by 10X and you know what, they are right. If you don’t believe you can, you won’t.

Step 1 is the most important because the people that don’t look for opportunity never find it. Like right now if you are saying in your head to this post, “this is bull crap and you don’t know my situation,” you will not breakthrough.

I grew up in a town of 10,000 people in a small town in Alabama. My mom was a substitute teacher and my dad worked a steel mill.  I had piles of reasons not to breakthrough. If I can do this, anyone can.

Step 2: Get Really Clear About Your Outcome

Clarity is the key to making this happen. Write down how much you want to make each year and print it on a piece of paper. Put it on your bathroom mirror and say it out loud 10 times a day.

Yup, you heard me. Say it out loud daily. It should read like this, “I will figure out a way to be making $300,000 annually by April, 15th of next year.”

Sound voodoo? Not really. It’s just simple. Until you get really clear, you will rarely reach a financial goal.

Step 3: Read 20 Books From Millionaires 

The number one reason people stay stuck financially is because they have a financial blueprint or operating system that is governing their decisions. Most people just live out of generational learning about money. We are told to get a good job that pays good benefits and save for retirement.

If that worked, it would be working for the masses. It doesn’t.

Two books to get you started are Rich Dad Poor Dad & The Millionaire Mindset

Everything you need to know to be at the income level you want is available through books. The question is this, will you actually read them? 20 books will cost you about $400. Are you willing to invest $400 for your next level?

Step 4: Go Meet With Millionaires

The best way to do this is to ask to interview them. Tell them you are writing a report on it or a blog. Make up a good reason to interview them. Ask them questions about how they got to where they are. You may say, “I don’t know any of these people.” Well, most people don’t. You need to ask everyone you know who they know. Once you start looking, you will find them.

The process of interviewing millionaires will deliver you the step-by-step formulas they used to breakthrough. I’ve found that most of their pathways are basically the same.

Step 5: Ask 2 or 3 Of These People To Mentor You Quarterly

You will connect relationally with some of the people you interview. Simply ask them if they will mentor you on your pathway to achieving the financial level you want to achieve. Tell them that you will prepare questions and send them before your meeting and you will meet on their time table.

Basically, just bend over backwards to meet with them and honor their time through being prepared. Ask them very specific questions about the problems you are facing to accomplishing your goal.

If you do these 5 steps, I’m confident you will breakthrough. Let’s say you don’t want 10X the income, that’s fine. It’s not about being rich, it’s about having the income level to get you the life you want.

This isn’t written from the book knowledge, it’s written from me doing it. As I sit here and sip my coffee, I’m reading The Virgin Way and just talked to two millionaires on the phone for coaching earlier.

It cost $20 to buy a book and it’s free to make phone calls.  What’s holding you back?

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3 Things For Leaders NOT To Do When Having a Down Day

Have you ever felt down for a day or a week?  I have.

This week I’ve taken some shots at my confidence as a leader.  I don’t know about you, but sometimes I just get down.  As I write this, I don’t feel unstoppable or on top of my game.

It’s just one of those weeks.  So, I’m almost 7 years into being a CEO of a company & I’ve had a lot of days like this.  As I’ve shared before, I come from a background of anxiety, depression & addiction so this week isn’t alarming or new.

I would love to share a few things I’ve discovered that I must not do during down times.  Maybe they will save you from some of the mistakes I’ve made when being down.

1. Don’t Make Big Decisions

I’ve found that postponing decisions until a new week works better.  I used to make decisions when I was down & they would be extremely emotional based.  It’s best for you & everyone around you for you to wait.

2. Don’t Have a Bad Attitude (Even Though You Want To)

The reality about being down is that you can still choose a good attitude.  This is difficult if you are an emotional person.  Emotional people choose attitudes based on feelings.  I’ve found that choosing a good attitude when being down is 100% possible and a must for a leader.

3. Don’t Ignore WHY You Are Down

There are reasons we get down.  Here are a few of mine:

  • Lack of sleep
  • Busyness
  • Fear
  • Rejection
  • Guilt
  • Bad Diet
  • Lack of Physical Activity
  • Been alone too much
  • ______________ (fill in yours)

I journal a lot when I don’t feel great.  I write down my thoughts and feelings.  When you can know why you feel down, you can give yourself the grace you need.  A lot of times we just need a new day.  With my daughter, we will say, “We just need a new day don’t we?”  That’s true for me too.

Here is what I’ve found, most of the time when I’m down, it’s right before everything is about go up!  My biggest breakthroughs have come on the backside of my biggest struggles.  

Feeling down…? Breakthrough is right around the corner.  Do. Not. Ever. Give. Up.

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