How do you know what your present beliefs are? A great way to gauge what your beliefs are about your finances is take a look at your current financial situation. If you don't like your financial status, or you want to achieve more, you have to start by programming the most powerful resource you have—your brain.
Have you calculated how much you need to earn per hour to achieve your yearly financial goals? Have you ever asked yourself what your highest income producing activity is?
If you're like most people you probably go about your day-to-day business never really thinking about the moment-to-moment activities that consume your day. I'd like to walk you through an exercise that has helped me and my clients stay focused on earning their highest possible revenue per hour.
Let's assume that we each start with 365 days in a year. If we take away the following:
Weekends 104 days
Two weeks of vacation
Personal religious holidays - (Three is the average)
That leaves each one of us with approximately 238 days in order to earn the income we desire. Of course, we can add or delete days based on our own schedule and desires. If you multiply these 238 days times an average of 10 working hours per day, you are dealing with 2,380 hours of real work time for the year. So let's do some math. If your yearly income goals are as follows:
$25k = you must be earning an average of $10.50 every hour of work.
$50K = $21 per hour
$100k = $42 per hour
$250k = $105 per hour
$1 M = $420 per hour
$5 M = $2100 per hour
$10 M = $4200 per hour
In order to earn the income per year that you really want, you absolutely must be doing activities every hour that line up with this chart. If you catch yourself doing anything that isn't your absolute highest producing income activity all the time, you are in effect making it much harder to achieve your desired financial goals. Answer these four questions:
1.What activity or activities generate your highest producing income?
2.What are you spending your time doing?
3.Are you focused on the real money makers or the real time wasters?
4.Are you making it easy for yourself to be a high-income earner or are you doing the things that can be done by someone whose income goal or ability is less than yours? (Delegate or outsource projects and tasks that aren't the highest income producing use of your time.)
I can tell you that when you start to look at each hour this way, you'll stop doing the small stuff and you'll start doing the real high producing stuff that yields results. Just look at your most recent three to five days and count the number of hours you spent really making the big bucks vs. all the stuff that creeps up on all of us. What you discover will amaze you.
People often asked me what the next step would be if they wanted to achieve more income so here are a few thoughts for you to ponder. If you are wondering how to move your income into the next level of income per hour, just ask yourself these questions.
1. What skills must I now learn in order to command that income per hour? Please be brutally honest with yourself.
2. How long will that take?
3. Am I committed to doing that?
4. What beliefs about myself must I have in order to achieve a higher income?
5. Am I committed to changing my internal beliefs?
6. Am I prepared to take action now?
7. Who can guide me the fastest to reach my desired income/revenue?
If you put it all in the right order now, you will be programming your mind for business and financial success.
Have you calculated how much you need to earn per hour to achieve your yearly financial goals? Have you ever asked yourself what your highest income producing activity is?
If you're like most people you probably go about your day-to-day business never really thinking about the moment-to-moment activities that consume your day. I'd like to walk you through an exercise that has helped me and my clients stay focused on earning their highest possible revenue per hour.
Let's assume that we each start with 365 days in a year. If we take away the following:
Weekends 104 days
Two weeks of vacation
Personal religious holidays - (Three is the average)
That leaves each one of us with approximately 238 days in order to earn the income we desire. Of course, we can add or delete days based on our own schedule and desires. If you multiply these 238 days times an average of 10 working hours per day, you are dealing with 2,380 hours of real work time for the year. So let's do some math. If your yearly income goals are as follows:
$25k = you must be earning an average of $10.50 every hour of work.
$50K = $21 per hour
$100k = $42 per hour
$250k = $105 per hour
$1 M = $420 per hour
$5 M = $2100 per hour
$10 M = $4200 per hour
In order to earn the income per year that you really want, you absolutely must be doing activities every hour that line up with this chart. If you catch yourself doing anything that isn't your absolute highest producing income activity all the time, you are in effect making it much harder to achieve your desired financial goals. Answer these four questions:
1.What activity or activities generate your highest producing income?
2.What are you spending your time doing?
3.Are you focused on the real money makers or the real time wasters?
4.Are you making it easy for yourself to be a high-income earner or are you doing the things that can be done by someone whose income goal or ability is less than yours? (Delegate or outsource projects and tasks that aren't the highest income producing use of your time.)
I can tell you that when you start to look at each hour this way, you'll stop doing the small stuff and you'll start doing the real high producing stuff that yields results. Just look at your most recent three to five days and count the number of hours you spent really making the big bucks vs. all the stuff that creeps up on all of us. What you discover will amaze you.
People often asked me what the next step would be if they wanted to achieve more income so here are a few thoughts for you to ponder. If you are wondering how to move your income into the next level of income per hour, just ask yourself these questions.
1. What skills must I now learn in order to command that income per hour? Please be brutally honest with yourself.
2. How long will that take?
3. Am I committed to doing that?
4. What beliefs about myself must I have in order to achieve a higher income?
5. Am I committed to changing my internal beliefs?
6. Am I prepared to take action now?
7. Who can guide me the fastest to reach my desired income/revenue?
If you put it all in the right order now, you will be programming your mind for business and financial success.
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