The Big Fat Guru

So here is the second part of my candid, no bs approach to how to make more money in 7.5 simple steps (Part I how to make more money here). No promises, no flannel just simple techniques and ideas that you can use to help you to make more money.

Step 2: Let go of limiting beliefs about money.

Having got a brief look into your own psyche it’s time to dig deeper still. We need to ferret out what’s holding you back. We need to take the brakes off your money earning motor and let it run more freely!

I’m not going to beat around the bush with you here as I won’t on any of this site because this site is about results and sometimes to get big results you need tough love…

You will have some limiting beliefs about money! Pretty much everyone does. I have never, to my knowledge, met anyone who doesn’t (although there will be a handful of people on the planet who don’t…).

If it makes you feel any better I’m going to put my hands up… despite the fact that I live and breathe this stuff I have limiting beliefs about money! They might not be as limiting as yours but they’re limiting none the less. Whether you think you can’t earn more than 50k, 100k, 250k or a cool million this year it’s still a limiting belief.

For several of the days I work each month, I charge for my time. I charge for a day more than most people earn in a month. When I tell people this figure most people think that it is outrageous. This is because they filter it through their own “limiting beliefs” about what they think is and is not an acceptable salary or charge out rate!

Conversely, if you asked Bill Gates to work for what I earn in a day he would laugh at you. His money probably earns more in interest in a few minutes that I earn in a day. He will no doubt earn in a day more than 99.9% of the population earn in a year…

Gosh!

So let’s look at some of the areas of limiting beliefs that will stop you earning more money…

• How much it is possible to earn e.g. “You cannot earn more than 50k doing this job.”
• How hard / long you have to work to earn however much you want to earn e.g. “If you want to earn 100k a year then you need to work every hour that there is.”
• What is and what is not an acceptable salary / wage e.g. “No-one is worth more than 100k a year.”
• How much you’re worth e.g. “I am not worth more than 100k a year.”
• How much you can charge e.g. “You cannot charge more than X.”
• What being rich means about you e.g. “Rich people are not nice people.”
• Etc. etc.

Only by becoming more aware of your beliefs can you break through the self-imposed barriers that you have placed on your earnings.

Over the years as a motivational speaker I have seen many salesmen and women earn 20k in their first year, 35k in their second and then be pushing 50k in their third. They look to be flying but then they take their foot off the pedal, stamp on the brakes and cruise at 50k for the next 10 years…

This is probably the limiting belief that 50k is all they are worth kicking in and holding them back..

What you believe about money will play a large part in determining how much of it you get. Gaining more self-awareness about your limiting beliefs is critical in how to make more money.

Step 3: Decide how much money that you want.

No seriously… you need to decide and only you can decide. This is a big moment! Choose wrongly and all you do is set another self-imposed barrier to your performance!

There’s no point in saying, “I want to be rich.” It doesn’t give your brain anything to work with. Nothing! Also, your concept of “rich” might not be enough!

I remember when I went for my first sales job. I was actually 18 and I was still living at home. There were a few “sensible” jobs lined up with “sensible” salaries but I still went for this interview selling (Dyson I think) vacuum cleaners. The job was self-employed, commission only and I was told that I could earn £50k+. That’s about $100k and this was 1984.

I was excited but several of the “grown up” people that I knew told me “not to be stupid” and “no-one earns that really” so, being a good boy, I didn’t take the job. Maybe I would have succeeded, maybe I would have failed but I allowed other peoples’ limitations and beliefs about money to stop me having the chance of earning what I wanted to earn. What’s worse I carried those limiting beliefs around for several years.

When you set yourself figures for how much money you want to earn and have, stretch yourself and shoot for the stars. Don’t let yourself be held back by past experiences, limiting beliefs, fear of failure or others.

Go for it!

Hey look, if you’re on 30k and you shoot for 100k and you “fail” and end up with 75k would that be such a bad thing?

Probably not!

Once you get going you’ll probably wish you set yourself a bigger target anyway so you might as well do it now! When I “upped” my daily rate a few years ago by a significant amount I fully expected that I was going to struggle to get the new rate (limiting belief). I didn’t and within weeks I was thinking that I should have set it higher!

Many people underestimate what they can really achieve if they truly go for it. Don’t be one of them! Look out for part III of How to make more money in 7.5 simple steps coming soon!

Tags: financial abundance, making money, millionaire mindset, wealth and money

This entry was posted on Saturday, August 30th, 2008 at 3:50 pm and is filed under Goals & goal setting, Wealth & money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.