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Saturday, May 9, 2020

FINANCIAL FREEDOM BREAKDOWN: Having Your Income Cover Your Expenses #Best Education Page #Online Earning

FINANCIAL FREEDOM BREAKDOWN: Having Your Income Cover Your Expenses


I don't focus on all my goals at once
right so I schedule I have more goals
than what you see publicly because on my
blog I just share the ones I want to be
accountable for but I probably have over
50 goals in my life but I you always got
to have goals or an outcome and a vision
for each err your life because you can't
just neglect something right you know
try being in a relationship and then
saying honey I'm gonna work on my
business I'm just going to neglect you
you know that that will die same thing
that your health if you just make like
that that will die
friends family at different times in
your life you might put more focus into
certain outcomes or goals or areas but
you still have to maintain and sustain
those other areas you might not be
growing them as much but you're still
gotta maintain them and that's where
rituals come in which I'm a big fan
doubt and you want to have certain
rituals that basically make ensure that
you're making progress in these
different areas so I don't focus them
all at once I focus on specific projects
you know one or two at a time and then
as you grow you can have more goals
because now you can leverage so for
example I have certain goals but my
goals are I have you know business
partner my brother you know for that
business and you know he's helping me
achieve that goal and I have you know I
want to do this and this because I have
now a team and I've got this automated
and I've got a lot of these things in
place right so you can you can start to
have more when you can leverage a little
bit more but you don't want to take on
more than what you can't handle either
so you want to start small because when
you set goals you've got to make sure
you achieve them you got to make sure
you're achieving eighty 90 percent of
your goals and this is a mistake I see
so many people make they have goals and
they're achieving less than 10% exactly
and I have the sweet spot I'll share
that with you because there's always a
dilemma should I have these big grand
goals that are just like huge but there
is totally unrealistic unattainable or
should I have more attainable and
realistic goals I think the big goals
are incredibly valuable but long-term
okay if you set a goal for yourself
short-term and you're like I want to
make 10 million dollars this year and
you've never made a hundred thousand
dollars then the chances of that or
point zero zero zero
percent and you're going to you're going
to fail what happens is a lot of people
they set goals and they keep failing
right at the end of the year they
actually don't even want to look at
their goals anymore because they know
subconsciously they're not even on track
and so they avoid it right that's why
people they don't do regular check-in
with your goals because they know
they're not making progress towards it
stays try to avoid it it's like being in
a lot of debt when you're a lot of debt
you don't want to face that reality so
you avoid it right you don't want to
look at the numbers because it's so
overwhelming and it's actually painful
so I believe you've got to have the long
term goals be big and grand and
incredible the short-term ones are more
their SMART goals you guys know what
smart is it's an acronym yeah so
specific measurable attainable realistic
and having a timeline
okay so attainable and realistic is key
every goal that I set I know that I can
achieve it I have believed to myself
that I can and the sweet spot for that
is when you set a goal you ask yourself
on a scale from zero to ten what is my
desire how bad you know what's the
desire level that I have for this goal
and if it's a 2 then obviously that's
not the right goal for you right if it's
a 10 awesome
you want it to at least be a six seven
eight nine or ten okay
but you might have a goal I want to make
10 million dollars a year but your
desire is a 10 right but the other part
is belief so you've got to also ask
yourself on a scale from zero to ten
what's my level of belief so you could
have I'm going to make 10 million
dollars this year but my belief is a 1
that's not going to work right maybe hey
if I want to make $50,000 a year and
that's pretty incredible my desire for
that is a six or a seven but my belief
in that is a six or seven as well so
that's that sweet spot right you want to
make sure that desire and the belief or
at least seven eight nine or ten right
and so I always set goals I know I can
achieve okay I achieve eighty 90 percent
of my goals consistently I regularly
check in with them and my goals there
are very small increments I never make
like crazy if you follow back and you
can look you know my goals I want you
know my first goal I want to make a
dollar online once I did that
I want to make a hundred bucks a month
once I did that one make two hundred
bucks a month once I did that five
hundred bucks once I did that a thousand
bucks
once I did that two thousand ten
thousand slowly scaling it up in terms
of incrementing the gold flake should
you stuff like a quick goal like how I
made like no God and next year and then
start with monthly basis you just start
small like up and make sure you need to
have the long-term one so you have to
have I like to have like I have five ten
year goals where I'm going to be like
Multi multi crazy lifestyle you guys
will probably see it one day multiple
hoes like that's my long-term ones right
and it's even now like pretty
unrealistic but I know five ten years
twenty years so much as possible then
you want to have yearly goals and then
you want to have you can either have
quarterly or monthly so your basically
your yearly goals and you're basically
just breaking down as separate
milestones so if you want to make ten
thousand a month by the end of the year
the first goals make a dollar that could
be achieved within 30 days and once you
achieve that okay in the next 30 days
how can I take that dollar how can I
make it to 100 right and then after that
200 500 a thousand and then if you
continue that that process end of the
year ten thousand yeah and here's here's
a tip the something that was also really
powerful for me that really motivated me
I looked at my lifestyle right now you
know or at least when I started and I
was like okay this is this is how much I
need for my lifestyle you know at the
time I think is around 2000 bucks a
month was what my lifestyle was and I
would actually write out all of my
expenses right so I'd write out my rent
a thousand dollars a month let's say you
know my you know transportation I was
taking a bus at the time it's like 80
bucks a month you know you have your
food you got your entertainment
you had your internet you know your cell
phone
you've got your gym memberships yet your
gym membership is like 30 bucks a month
phone is like 70 bucks a month etc right
so what I did was I was like okay to be
financially free my income has to exceed
my expenses so if it's 2,000 a month
then I need to make 2,000 basically to
be able to cover that but that's a
pretty big number so what I did instead
was I thought hey how can I make enough
money just to cover my cellphone every
month right how can I make how can I
create a passive income stream so that I
could cover it here's a really simple
example anybody here have Netflix yeah
okay Netflix is what seven ten dollars a
month yeah seven dollars a month so I
was like okay Netflix how can I make a
passive income stream that could cover
my Netflix for the rest of my life how
cool that bean you know to have some
products passive income for the rest of
your life is going to pay for that will
never have to you know it's a setup and
then once I achieve that I was like okay
the next thing is the gym membership how
can i maybe I could publish a book maybe
I could launch a product maybe I could
do a blog post or a video the affiliate
marketing and have that consistent
stream of income and then you know I
just kind of hammer off each thing on
the list you know and then eventually
like even today I think okay let's say
let's say I want to have a Lamborghini
okay if you were to lease Lamborghini
you know maybe it'd be three four or
five thousand dollars a month okay I
think okay if I want to create that how
can I create a passive income that will
pay for that
so I'll think okay well maybe I could
create and launch a new product and that
can consistently bring in that amount of
money and pay for that maybe I can
launch a new Amazon product and I can
build it up and it might take a year but
the Lamborghini you know after a year
you know you have that paid for that
lease you know and you know even for me
doing in this place
it's not cheap to live here this is a
three million dollar place to rent it's
$8,000 a month
but
that hey how can I use this place to
make more money from it maybe I can put
on events maybe I can do more live
streaming maybe I could rent it out for
photoshoots and things like that because
people are looking for that maybe I can
rent it out to people that want to put
events whether it's a cooking class or
you know a seminar whatever it is maybe
I can use it for marketing right and
maybe you have had that Lamborghini
maybe I can use that for marketing and
here's actually an awesome tip when you
have a lifestyle business and online
business and a lot of your personal life
can become business expenses so let me
give you guys an example I bought a
Vitamix blender over there $500 blender
I thought hey why don't I buy this
blender join the affiliate program do
some content videos around it promote it
make some money from it now I can pay
for now my business has paid for it it's
made me money and that Vitamix blender
by the way is maybe thousands and
thousands of dollars I have a youtube
video that I did 2013 I think and I got
like 40 50 thousand views on YouTube
with just me sharing how to make a
smoothie with the Vitamix with affiliate
link it's made me a ton of money that
water machine as well
affiliate program this TV I just bought
this TV it's a $5,000 TV bought it from
I bought it online you guys will
probably see a youtube video and a blog
post me reviewing this making some money
from it now my business pays for this
right so you always want to think how
can you and that's a benefit of
affiliate marketing is because there's
affiliate programs for everything Amazon
you could be an affiliate for any
product on Amazon and you can any any
cost incurred for business to make money
from can be a business expense so that's
working smart and kind of going off on a
tangent here but that that's how I think
about it and just kind of slowly you
know working it up and once you cover
your current lifestyle then you can
increase your lifestyle and you can pay
more so that that was just a simple way
that I always thought when I was
building my business was like okay how
can I just pay for that
okay that's taken care of right and I
just viewed it hey if I can publish a
book that makes me fifty bucks a month
consistently if I can do this if I can
build up these little passive
income streams or a big one then that
can help take care of my lifestyle
#Best Education Page #Online Earning

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