You are broke because you are trying to make money!

18 replies
Have you ever noticed that the harder some people try to make money, the broker they get?

Time to shift focus a little.

My advice is to STOP chasing money and instead start building a business. Build and refine systems and let the business make money for you. Even if you get lucky and strike it rich overnight, unless you have some type of systems set up to preserve and protect your wealth, you won't keep it very long.

Begin with an end in mind, have a plan, stick to it and make adjustments along the way...... :rolleyes:

Boring I know, but it is a time tested and proven formula.... Good Luck
#broke #make #money
  • Profile picture of the author donnarn
    Thank you for that, My mom says that people chase money and that is very true.
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    dhrn

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  • Profile picture of the author JTDrew
    Scared money never attracts more money.
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    • Profile picture of the author DudleyDog
      That's a good summation. It's very important to set goals that are achievable, both in business and for your life.

      Goals need breaking down into bite-sized chunks, that you can measure and adjust on a daily basis.

      You should prioritise tasks so that everything you do is working towards your goals. When you have a list of things to do, look at each one and ask yourself, "If I don't do this today, what's the worst thing that could happen?"

      You will probably find that what you first thought was something that really needed to be done today, can actually wait until next week, or maybe never.

      Put all you efforts in working towards your goals and you will eventually reap the rewards.
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      • Profile picture of the author SonnyAmaama
        True. Building a business is what its all about. If you have a business that brings value to your customers then the money will follow. Taking care of your customers is another thing that will help you make long term money.

        Like what was said in the original post. "Even if you get lucky and strike it rich overnight, unless you have some type of systems set up to preserve and protect your wealth, you won't keep it very long" I agree and that is why building a business is very important.

        Building a solid business, setting up a system that will help run your business efficiently and stay consistent plus persistent You will make it.
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      • Profile picture of the author Scott Skinner
        Well said Dudley!
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  • Profile picture of the author Ash R
    I agree. When I was desperate to "make money" I never really could.

    Then I focused on building a business, or "my empire" as I like to call it (well - hopefully someday it will be one!). Once I made this mental shift I became more stable in my outlook and not wanting to jump from one thing to another. I focussed, I worked with greater dedication and things just grew and took off.
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    Don't sweat the small stuff :)
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    • Profile picture of the author JRCarson
      I find it becomes easier when you think "how can I help?", instead of "how can I make money on this?"
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  • Profile picture of the author sunray
    This is a very good point. Reminded me of a quote from the Bible:

    Do not weary yourself to gain wealth,
    Cease from your consideration of it.
    When you set your eyes on it, it is gone.
    For wealth certainly makes itself wings
    Like an eagle that flies toward the heavens.
    (Proverbs 23:4-5)
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  • Profile picture of the author Nereah
    Thanks to you all for your advice, it is quite true, we should not chase money without foundations, one requires systems in place that can generate wealth whether you are working or not, and a peaceful state of mind will help one acquire health quicker than a restless one trying to chase money.
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  • Profile picture of the author Aandice Austin
    Will the space falls the meat pie? most people know it won't, but they are waiting!
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  • Profile picture of the author Gary Ning Lo
    If you focus on providing value the money will come one day or another
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  • Profile picture of the author Rory Singh
    If you are chasing anything, you will never catch it. Most of the population organizes there life around ways to make money. However, while most people believe that it is money that they are after, it is really happiness and a piece of mind that everyone is really seeking.

    If someone is involved in IM just to make money, it may take a little while. However, if the marketer picks an area (niche) that they are passionate with, the money will come as a buy product.

    The most successful people in the world do not perceive what they do as work. The more fun that your work or marketing is, the more quicker success and money comes.
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    • Profile picture of the author SonnyAmaama
      Originally Posted by Rory Singh View Post

      If you are chasing anything, you will never catch it. Most of the population organizes there life around ways to make money. However, while most people believe that it is money that they are after, it is really happiness and a piece of mind that everyone is really seeking.

      If someone is involved in IM just to make money, it may take a little while. However, if the marketer picks an area (niche) that they are passionate with, the money will come as a buy product.

      The most successful people in the world do not perceive what they do as work. The more fun that your work or marketing is, the more quicker success and money comes.
      that is absolutly true.
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    • Profile picture of the author Scott Skinner
      I agree Rory. Some of the most successful people who are the best at what they do, do it because the LOVE to.....and would do it even if the money was not there.
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  • Profile picture of the author mrckc
    thank you Scott - Good point
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  • Profile picture of the author fcebri24
    I once read a quote on the NY sub on how to become wealthy by Andrew Carnegie: "The way to become rich is to put all your eggs in one basket and then watch the basket." Some people like me may relate to this. Sometimes I get trapped on trying to do many things at the same time, and none of them get done well.
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    • Profile picture of the author SonnyAmaama
      Originally Posted by fcebri24 View Post

      I once read a quote on the NY sub on how to become wealthy by Andrew Carnegie: "The way to become rich is to put all your eggs in one basket and then watch the basket." Some people like me may relate to this. Sometimes I get trapped on trying to do many things at the same time, and none of them get done well.
      True. I do the same. Theres a saying that someone told me about focus.

      F = Focus
      O = On 1
      C = Course
      U = until
      S = Successful

      I told this guy, "you know what I never would have thought words like that would have ever came out of your mouth ever". lol (he was a good friend of mines)
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  • Profile picture of the author rickfrazier1
    Agreement here, as well. Think for a moment, how many times the question "How can I make $1000 by next month? or a similar phrase appears on these forums? I'm sure you can remember quite a few. Each of these is asking for how to make money without the fundamentals of building a business. Often, the reason for the time limitation is some significant life event that hopefully would be less of an issue if the money was available.

    The focus is wrong, and often the response the question receives is directed at short term gain without thought of long term viability (if the response is helpful at all.)

    I'm sure we have all experienced dry times in our lives, where we would have preferred to have more money, but if you think about it, any time you have focused entirely on money, it only took longer to achieve the goal of getting more.

    As one of my gambling teachers was fond of saying: "Scared money always loses." If you've spent any amount of time in casinos, it is easy to see this in action. Unfortunately for many, the same principles work in IM.

    Fortunately, there are forums like this one that allow people to seek and receive help.
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