Finally, YES! Discover THE #1 Proven Wealth Creating


System That Puts You In Complete Control...GUARANTEED!

Thad is a featured Co-Author in the 'No BS Wealth Attraction for Entrepreneurs by Dan Kennedy available at Amazon.com. Buy your copy here:
Co Author

DrBrickey@DrBrickey.com

www.DrBrickey.com

 

Free Newsletter


Contact Information

When Do You Do IT?

When Do You Do It?

Ive got a probing question for you¦.When do YOU do IT?

Before or After?

Lets face it, we all do it.

It is a basic need and it is also a basic fact that some of us get more of it than others.

Im sure wed all like to make more of it.

And many people have even made it a written goal to get more of it and that is why I must ask you ‘When Do You Do It? because when you do it is really a BIG secret to how much youll get of it.

What am I talking about?

Isnt it obvious?

Im talking about when do you get paid! (What were you thinking I was talking about?)

Heres a big SECRET success principle of the wealthy.

Wealthy people make a practice of getting paid BEFORE

they do work. And

                                   The average person gets paid after theyve done work.Why is this such a big deal?

The answer is too long to cover in one blog entry and this is one of the many strategies I help my coaching students re-engineer in their businesses, but lets just touch on a few reasons why ‘When You Do It impacts your wealth.

If you are like ‘most people and get paid after the work is done they you are put onto the ‘hamster wheel of trying to pay yesterdays bills with tomorrows paycheck, and this inevitably pushes you into the dark caverns of debt rather than the wealth practice of accumulating savings. This cycle spirals even more out of control because buying via debt (credit cards etc) is the most disadvantageous way to acquire (unless you are paying off the debt, but the interest clock is ticking against you while you are waiting to get paid¦which is effectively reducing your pay). The vicious cycle continues its perilous downward spin because the needs of today must be met and if you are waiting to be paid then the way most people get those needs met is via debt.

Now, contrast and compare that to the practice of the wealthy of getting paid BEFORE the work. As a result, wealthy people are positioned to buy things in the most advantageous ways, and often buy at the lowest prices because no interest is tacked onto the purchase like the example I mentioned above.I could go through example after example but I think you get the idea.This success principle is only practiced by the wealthy and that should be enough reason for you to incorporate it into your business, but you could also apply what I call the Walt Disney Success Rule too.

Disney would basically take a peak at what the majority of other people were doing and then do the opposite! This was simple Genius! Why? Because if the majority of the people were doing something that was creating just average results¦and it he did not want average results¦then logically he did NOT want to immulate their extreme mediocrity. Do You?So, based on the fact that most people do the work first and get paid after¦that alone is sufficient ground to ‘look at things from a different perspective¦and it can turn your whole world around!Anyway, to return to the Success Principle or Rule, it is to get paid before work, not afterward.And If for no other reason than to be sure and do the opposite of what average Joe or Jane do!Lets look at some of the other reasons youd want to change when you do it.

In business, it eliminates collection problems. The phrase ‘Time is money is an understatement. If you are chasing money owed then you are not making money that could be generated. This is called ‘Opportunity Cost. Simply put..youre losing an opportunity to create money because of chasing money owed.

In addition, when you get paid before vs after you can drastically positively impact cashflow which opens up a ton of opportunities for your business growth.

When you do it will also impact how you feel. Heres what I mean.

Zig Ziglar is famous for saying (and Im paraphrasing) “Ive had money and Ive not had money¦and overall it is MUCH better to have it!”

I can attest to this statement and I can also speak firsthand on the massive impact on how your think, process, respond, react, and over all feel when you have money vs when what little money you have ‘has you!

Some people may think this is ‘shallow, but frankly speaking there is a different level of confidence you exude when the bills are paid and money is accumulating and there are some things that I just dont know how to explain that occurs that somehow causes money to be attracted to your success.

Heres an analogy. If you are sitting on a park bench and wanting to catch a dove, you are going to have a much better chance of confidently sprinkling some crumbs in front of you and progressively sprinkling the crumbs closer and closer to you so that eventually the dove will come to you¦.verses you throwing the crumbs on the sidewalk and when the doves land on the sidewalk to eat you then go hastily rushing into the flock like an arrogant crazed pit bull thinking youll be able to snag a dove.

Money is attracted to certain things¦Speed- yes, but not haste (like the example above). Money is attracted to confidence, yes, but not arrogance (like the example above) and in talking about the Rule of getting paid first, this creates an element of confidence. (Plus, you are more likely to get the compliance of a customer to follow your suggestions if it is a consultant type of deal because the customer has ‘skin in the game¦which opens up their ears!)

In short, and I really dont understand why what Im about to say is the way it is, but the less you need or feel the need to get money, the more easily money flows to you.

(As an aside, I dont have to understand why this works this way¦in the very same way I dont have to understand why when I push the power button on my remote control that suddenly my beloved Buckeyes or Browns are on TV¦I dont understand why or how a light switch causes light¦but I dont have to understand in order to enjoy the benefit! (Re-read that last line¦a couple of times¦go ahead..Ill wait)

So in summary, when you are paid in advance you go through life with a profound sense of accomplishment, confidence and get onto the escalator of abundance. You end up with a relationship with ‘money and with ‘work that is different and you tend to spiral up. Youve heard the phrase¦The rich get richer¦and the poor get poorer. There Is some truth to that for numerous reasons. One being the RULE discussed today. And youve also heard the phrase¦”A day late and a dollar short¦This is because of NOT adhering to the RULE. Both phases are cycles that you must either get out of or onto.

Now let me address this right now because I can hear most of you already disqualifying what Im saying because of the famous¦BUTT (and I spelled it that way on purpose! By the way I was speaking at Denison University last week (one of the reasons for so few blog entries recently¦sorry J) and a young lady shared a title of a book called something like ‘All Buts Stink!. I have not got the book yet, but I love the concept. )

BUTT MY business is different¦

Dont disqualify the RULE. Put as much effort into thinking of ways to insert this principle into your business as you do in disqualifying why it wont work in your business¦because it will and can work¦IF you work to make it happen.

It is vital that YOU take a close look at how your business is structured, and if you are getting paid post-work rather than pre-work, then simply ask yourself how that might be switched around. And dont be in the ‘settle for group that like lemmings going over the cliff who instantly in a ‘knee-jerk-regurgitation-like spewing of the words on the sign of the entrance door of the ‘poor house’ that read “cant be done in MY business – MY business is different”.

My mom always said…’Can’t died in the Poor house with ain’t’. Thanks Mom. 

Choose to Make Your Business Different and be the Disney (and NOT his character¦Goofy, because it frankly is Goofy to be like the lemmings I mentioned above) of your industry.

And in keeping with the Disney theme and going back to my childhood days¦Youll then ‘Enjoy The Wonderful World of (Your Business) Disney

So whats your answer? When do YOU do it?

*****Be sure to read my other entries to discover the contest that is being held for the month of January. You could win and you dont want to miss out!****

Enjoy!

Thad

  

 ”Take Action, But Dont Let Actions Take You!”   

“Think Big¦Dream Bigger!”

©TMG 2008

Leave A Reply (4 comments So Far)


  1. Ben Frank
    1584 days ago

    Ok, now I have to raise my hand here and say, “Hold on, Thad!”
    It sounds good, but how to apply it? I am chasing my tail in the corporate world, chasing it in real estate with my rentals, and now chasing it as a wanna-be entrepreneur!! Thad–Take me Away!
    Ok, I have one success story–I have a single client paying me for a monthly customer “done for him” newsletter–that one was “If you pay me, I will do it”. So, finally, last month, I got one right.
    But now, I’m trying to scale that puppy and niche it down (the one paying customer I have is from my church, a guy who’s no closer to jewelry, my niche, than, er, waste management is!!).

    So, I have a lot of startup to get over before I can get paid: I need to offer value and pre-sell prospects and that requires effort.

    Can you help connect the dots for simple old Ben? Other examples re: How to get paid before you do the work?


  2. Ben Frank
    1584 days ago

    Ok, I have another topic, sorry I don’t know where else to put it.

    “You do yes: OK.
    You do no: OK.
    You do, guess so? Squish like grape.”
    –paraphrasing Mr. Miyagi from the all time classic, Karate Kid (talking to Daniel-san, aka Ralph Macchio, ca. 1983)

    My point? I’m stuck. I’m burning both ends of the candle here. I have a great job, an engaging job, but a job that’s never going to offer me the security and remuneration I long for. So, I work on stuff on the side. I get up early. I stay up late. I even alienate my wife, who, by the way, has a nice business of her own at http://www.sharonwei.com, which is threatening a phenomenon-like performance…
    I sacrifice, in short.
    When the J o b heats up, I drop what I’m doing to manage it. I travel here and there.
    My life is very simple as a result: no tv dramas or newspapers. I have my job, I have my “other” work. I have my family including 2 kids. And I have church. I eat, sleep, exercise, and if I can’t stand it, I use the facilities and even shower. That’s about it. (I guess I should say I blog from time to time as you can read yourself)

    Despite having an abundant life, I feel trapped by what I’m trying to get done–bridging my tail-chasing past and current reality into my fully forward, no looking back, fearless, doing what I want to do for my own rewards, self-reliance.

    It’s not all bad. I’m even more unhappy when I’m bored.

    Well, that’s for letting me sound off. As for me, I’m choosing, against the odds,

    Info-Marketing Do YES!


  3. Ben Frank
    1584 days ago

    Whoopsie,
    I apparently used some kind of HTML code accidentally in that last one by using the special parentheses—
    I wanted to say

    “You do INFOMARKETING yes: OK.
    You do INFOMARKETING no: OK.
    You do INFOMARKETING, guess so? Squish like grape.”

    but that disappeared when I used the wrong kind of parentheses.


  4. Paul-Eugene Miller
    1582 days ago

    Okay, now I’m pissed off!! All this time I thought that getting the money afterwards was the best way, and now I find out I’d be lots further ahead financially if I were doing it ‘bass ackwards’ from what I was doing!
    What a genius plan…get paid first. Okay, I sit here musing how I could do that to the several businesses I’m in, and I’m going to have to re-strategize [if that's a word] and restructure my business, ’cause I sure could use the money up front.
    That is an awesome way of doing business, and now I’ve got a challenge. Doggone ya, Thad, just when I thought I could focus on building my business(es), you throw in a monkey wrench. But that’s why you’re here, isn’t it? To make sure we don’t become complacent, and always strive for perfection.
    Anyway, my head is spinning, so I’m getting off of here and go figure out a way to become richer.
    Thanks dude.
    Paul

Angelo Titsas, DDS
Contact Information
Home | About Thad | Internet Marketing | Real Estate Investing | Local Networking Meetings
Mastermind Groups | TMG Millionaires Club | True Marketing Geniu$ Recommends | True Marketing Geniu$ Blog

© 2006 - 2011 True Marketing Genius. LLC All rights reserved
PAGE IS PROTECTED BY COPYSCAPE DO NOT COPY Terms & Conditions  .   Privacy Policy  .   Disclaimers  .   Sitemap