Success Blog: Psychology, Human Behaviour, Self-Development, Relationships, and Affirmations

Bob Proctor talked about how the amount of money that you make is directly proportional to:

1. The need for what you do,
2. Your ability to do it, and
3. The difficulty that would come with replacing you.

Bob Proctor says that point number one pretty much takes care of itself if you are currently working. Otherwise, if there was no need for what you do, you would not be working in that field. It is a little more tricky if you are thinking of staring your own business. In that case you will need to do some market research to see if there is a need for what you want to do.

Now if you think about it, if you just focus on improving your ability to do whatever it is that you are doing, it will automatically become more and more difficult to replace you. So I suggest that you only focus on becoming the best in whatever it is that you are doing. That way you will become irreplaceable, and like Bob Proctor said, the same people who were paying him $4,000 a year are now paying him $4,000 an hour! This is one of those very simple, yet truly profound concepts that you NEED to get if you are going to make a lot of money.

Tomorrow is time for a Spiritual Mind Treatment, so I hope you ‘tune in’.

Until next time,

V

A good friend of mine shared with me recently an exercise from Jack Canfield’s book The Success Principles that involved figuring out the amount of money that I need to live my ideal life. Pretty much what you need to do is to make a list of all the things you want to do and have and then figure out the cost of doing those things. The instructions for the exercise suggest going into as much detail as possible. When you figure out this number, it will give you a target to shoot for. I suggest coming up with this ‘ideal life’ amount for 1-2 years from now, 5 years from now, 10 years from now, and 20 years from now. Chance are the figure will change as you go because now you may be thrilled about taking any kind of vacation, but later on you may want to fly first class and stay in 5-star hotels. And the reason why I suggest doing it in a step-by-step manner is because a 1-2 year figure will likely be smaller and more believable than a 20 year figure. And when the income goal is more believable, you are more likely to actually act and do something to move towards that income goal.

So here are some of the suggestions to get you started as far as the expenditure categories are concerned…

• What kind of a home do you want to live in? Where? How much does it cost? What would be the montly payment?
• What kind of car(s) would you like to drive? How much do they cost? How much is insurance, gas, and maintenance?
• What kind of places do you want to go to eat to? How much is the meal? How often do you want to go out?
• What kind of other actvities do you want to do? What kind of sports? How often do you want to do them? How much does it cost?
• What kind of causes would you like to support? How much do you want to contribute monthly?
• What kind of vacations would you like to take? Where? How often? How much do they cost?
• Would you like to help out your parents? How much do you want to contribute?
• Would you like to provide your children with education? How much does that education cost?
• What kind of ‘toys’ would you like to have? Motorcycles? Boats? Airplanes? What the cost of the ‘toy’, insurance, and maintenance?
• Would you like to buy a small country?
• How much would you like to invest on monthly basis?
• Would you like to own any vacation properties? Where? What is the cost?
• What kind of furniture would you like to have? What is the cost?
• What kind of clothing would you like to wear? What is the spending budget that you would like to have?
• How much do you want to spend on self-development and learning?
• How much would it take to do all the personal care activities, like massages, yoga, acupuncture, etc?
• How much would it cost to pay all the bills that you may have, like food, cell phone, internet, etc?
• Would you like to go to plays, concerts, or sporting events? How often? How much do the tickets cost for where you want to sit?

Hopefully this gets your creative juices flowing…If you would like to share your ‘ideal life’ numbers, please do so!

Until next time,

V

Continuing on with the topic of money… I find it a bit of a challenge, but not too difficult to help others see how more of a financial abundance will make their lives more comfortable. One of the questions that often comes up in conversations about money and my goals regarding money, is “how much is enough?”. While I have set amounts for certain stages of my life, ultimately my answer is ‘the more, the merrier’. Now I’ll be honest here – I do not win people over to my side with that comment. You may be put off by that comment as well, so in this post I want to briefly explain the logic behind my reasoning.

Many of you realize that it takes money to do stuff – well, most stuff. I want to make it clear that I do not want to have a whole bunch of cash just for the sake of having it. I do want to have a whole bunch of cash in order to do things with it. Sure, having nice things and doing fun things, like travel, are part of the deal and will benefit mainly me and those who I travel with, as well as the people and businesses who will be on the receiving end of the transaction. However there are a lot of ideas and causes that I would like to support and be involved in, and it takes money to do that.

We can be frustrated with how the major automakers are ignoring the electric technology until the cows come home. But a few ambitious people took matters into their own hands, pulled some cash together, and started Tesla Motors. These are the types of things I am planning to be involved in. Will they make more money than they invested? I sure hope and expect that they will! Why shouldn’t they? They are providing an excellent product that benefits the world! Sounds to me like they HAVE to be compensated for their efforts. I also plan to do things like Doug Tompkins who is one of the founders of The North Face and ESPRIT. He took his fortune and bought acres upon acres of forest in Chile and with the vision of donating it back to the people as a protected national park.

So the more capital I have at my disposal, the more great things I will be a part of. And I think that is a worthy goal.

Another thing to consider are the answer to the questions, “how much love is enough?”, or “how much knowledge is enough?”, or “how much peace is enough?”. With all of these we do not put some arbitrary cap on it, so why do so with money?

I encourage you to think about the things that you would do with more capital and then start thinking in the direction of creating more of that capital!

Until next time,

V