Chasing money instead of attracting it?
Repeat after us:
- “Money comes to me easily, effortlessly, and often.”
Write down this affirmation every day.
Why? Because it does! And sure, for some people, it might be coming easier but that’s only because they’re further down their story.
And the truth is, we need to change our relationship with money. Because money doesn’t sleep, doesn’t get sick, doesn’t take time off, and it doesn’t retire.
That’s why inside today’s training, we’ll share with you the 3 Games of Money.
Ready? Let’s dive in!
3 Money Strategies for Network Marketing Entrepreneurs
Your Relationship to Money
When you were growing up, what was most often said about money? That it doesn’t grow on trees? That it’s the root of all evil?
That kind of talk has conditioned us to have limiting beliefs.
So we need to start having a more abundant mindset and realize that:
- It’s not greedy to want more money.
- Money doesn’t leave the Earth.
- It ranks up there with oxygen.
Why? Because money gives you options!
What is Your Net Worth Goal 5 Years Out?
This is a great clarity question. If you haven’t thought about it, write it down and envision it happening.
Why?
Because once you start writing down your affirmations, there’s a journey that happens.
And if you’re still struggling with that scarcity mindset, here’s our recommendation.
Back in the day, we realized we were chasing the money instead of attracting it and it was exhausting.
So we decided to watch the movie The Secret for 30 days in a row.
Why? Because realized you can’t build an abundant business, if your frequency and vibration, is scarcity.
And if you’re more into books, we recommend checking out The Prosperity Consciousness by Fredric Lehrman. It will change the way you think about money and abundance.
Because our subconscious mind is like an elephant and our conscious mind is like a flea. The flea gets excited but if our elephant is not on the same page, we’re in trouble. So let’s “brainwash” that elephant into abundance!
3 Games of Money
#1: Income
What’s the difference between being rich and being wealthy?
Let’s take for example Shaquille O’Neal, the basketball player. Shaquille was rich and the guy paying his salary was wealthy.
In other words, we have to make more money. But not just 10% or 20% more.
We need to 10X or even 20X your income.
And here’s a major key that many people miss…
Once you start earning more money, invest in assets vs liabilities.
For example, buy an AirBnB instead of Gucci and Louis Vuitton bags.
But follow this rule: if you can’t buy it twice with cash, don’t buy it at all.
PRO Tip #1: Set up a legal entity for yourself. It’s important to have legal protection and having an LLC can bring you a lot of benefits. Because it’s not about how much you make, it’s how much you keep, how you protect it, and how you grow it.
PRO Tip #2: Monitor your learning-to-entertainment ratio. The stats tell us that the average person watches 4 hours of TV/day. Why not use that time to read or listen to a book and work on your own development?
#2: Accumulation
What’s the fastest way to accumulate more money?
It’s to save on your taxes and invest.
What’s the percentage of money that comes into your bank account that you don’t even see? Ideally, it should be 10%. And you should be using those 10% to invest.
There are 3 buckets of investments that you want to eventually have:
- Bucket #1: The Boring Bucket (or the Stay-Rich Money) – these are the investments that are more stable.
- Bucket #2: Riskier Investments (money you should be ok with losing) – for example, investments in crypto, real estate, etc.
- Bucket #3: Your Dream Bucket (all the “toy” purchases) – cars, boats, planes, designer items.
IMP: To manage your money, we recommend getting a fiduciary. This is a person who is obliged by law to act in your best interest. When we brought in a company, they helped us become really organized and optimized, and it created that next level of accountability.
Remember, you are the CEO of your business and brand, so you need to have that CEO mentality. So having an LLC, getting a bookkeeper, having a fiduciary – these are all things that will take your business to the next level.
#3: Multiplication
Can you imagine having so much money, that you don’t know what to do with it?
That’s a positive problem. But how do we solve it?
By optimizing!
They say, “Invest in places you love to visit.” So we have a few houses in Destin, FL. And we love going there, so now every time we do, it’s a business expense! How fantastic is that?
So start thinking about how can you take advantage of your pre-tax dollars because the most expensive dollar is after-tax dollar.
So get organized and optimized. If something can’t be a tax write-off, get a business credit card and get points which you can later use for groceries, house redecorating, etc.
Think outside the box about how you can best optimize your expenses! That’s what wealthy people do.
Those were the 3 Games of Money. What’s your relationship to money? How have you improved it? Which game are you playing right now? Let us know in the comments below! And if you found value in this training, share it with your team!
Additional Resources to Help You Build Your Business:
- Change Your Mindset, Change Your Business – 6 Tips for Network Marketing Success
- 3 Simple Steps to Changing Your Money Mindset with Tatiana Arias
- How to Build Confidence and Conquer Imposter Syndrome
- Conquer Procrastination: How to Stay Motivated and Productive
- LIKE Our Page to Plug into our LIVE Videos Here
Want to Know What Tools we Use to Build Our Business and Our Brand?
- Resources – we often get asked what tools we use and recommend, so we put together one page with all our favorite resources. Enjoy!
Feel free to share this with anyone who might enjoy it and also comment below on your favorite tip or your biggest takeaway. We can’t wait to see your comments!
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We are home business and lifestyle experts, personal branding and online marketing strategists. We pride ourselves on helping thousands of entrepreneurs and network marketers all over the world build their home business empire leveraging Social Media.
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