Do you have what it really takes to make $1,000,000 or more a year in personal income?
FACT: Only 0.15% of the people filing taxes in the USA make $1M or more a year so… Why?
“If you want one year of prosperity, grow seeds. If you want ten years of prosperity, grow trees. If you want a lifetime of prosperity, grow your self-worth and master skills.” –Chinese proverb
“If you want to earn a million bucks a year, eliminate mediocrity from your thinking and expand your game to play larger in your life.”—Dr. Bruce A. Parker
Before I get into how to earn a million bucks a year have you ever thought about what money really is and, what are the laws of earning money? This happens to be one of my favorite topics because money is easy to earn if you do a few things right, and it will forever elude you if you do a few things wrong.
In other words, I believe the is a formula that if anyone is willing to learn and apply, can make a million or more in personal income yearly. And one quick disclaimer, it most probably will not happen in the first year of your business, it may take a few years of focus and action, to happen if you really want it!
Let’s start with an understanding about money and I’ll walk you right into making all the money you want if you are serious.
I do want to caution you in advance. The majority of people love the idea of making a million bucks a year but hate the reality of actually doing whatever it takes. In other words, they are interested, not committed. What about you?
Back in the old days, before “money” existed, people used a form of exchange called bartering. They basically traded one service or product for another of value to them. It was simple, easy and common in small communities and villages.
Later as commerce started to emerge, chocolate, cattle, sheep, and other livestock became the common form of exchange. That worked well within small communities and cultures however, when towns and cities grew, it became inconvenient to drive cattle and other animals across great distances. That’s when the smelting of metal began and with it, the production of coins began.
Coins were portable and thanks to the gold rush, they were durable.
Some of the earliest coins bore an image of a cow’s head. In fact, the word capital comes from the Latin word kaput, which means “head”. As wealth increased, coins became inefficient and too heavy for horses and buggies, so paper was added.
Soon there were also letters of credit, which appeared on the scene to represent large amounts of money. As more people started travelling, credit cards came into play, with the advantage of being lighter than cash and more secure.
Most recently we’ve seen incredible developments with electronic and internet banking and most recently the onset of blockchain where we can move vast amounts of money around the world at the push of a button. So, what exactly is money? Money is… “an idea, backed by confidence”, created to establish a value system so that some fairness existed amongst those bartering, trading, investing or giving.
Money is nothing more than an idea and ideas are nothing more than electromagnetic energy. In the case of money, other proponents other than thinking about it contribute to its flow and circulation in and out of your hands and bank. Once you understand the whole picture, it becomes much easier to attract and earn as much of it as you are prepared to achieve.
If you understand the laws of attraction or more precisely the law of resonance, then you understand the laws of resonating with money. But beware.
You must also understand that only resonating, is NOT enough to cause $1,000,000 bucks a year just show up in your account.
As much as “Money” is an idea, it is used as a means of exchange in our society and if you do not understand the laws of compensation, reciprocation and exchange, you’ll never win the money game and you will never make a million bucks a year either.
If you think that you can just sit on your ass and pray, visualize, affirm, mediate, tap and then pray for money to just show up… You better stop smoking whatever it is that is causing such a fantasy, now.
That is… You are suffering from an overdose of a drug called HOPIUM.
Now for some truth!
The more money you want to make; the more specialized knowledge, skill and application of the right strategies and tactics IN THE RIGHT ORDER must be applied. Including the right thoughts and feelings. Please reread that last sentence.
OPTIONS FOR MAKING MONEY
There are SIX options to consider when it comes to making or finding money.
- Win it. In any given year, about 25 people out of 250 million will win a big lottery. I don’t recommend banking your financial career on hitting the winning number. Statistics show that eighty-five percent of people who win the lottery quickly lose all the money within a few short years. You can hope for this, buy your ticket, and be in the right vibration, but just don’t bank on it.
- Steal it. Of course, the price is quite expensive because you end up going to jail if you’re caught, and there’s a very big chance that you will get caught over time. So, stealing money is not an option.
- Find it. I’d be willing to bet that the odds on this one is just as high as winning the lottery or less. Hoping for this is ok but again, don’t hold your breath.
- Inherit it. I don’t know about your family, but in my family, this option isn’t worth holding my breath for either. This means the only option left for me, and I would imagine for you, too, is to earn it. And that means it’s really important to understand the laws of earning money.
- Invest it. This is an excellent option that requires your own or someone else’s specialized knowledge in one (or more) of many options. Real estate, Stocks, diamonds, business, currencies, commodities etc., There are so many ways in this section and they all require specialized knowledge and skill… Now last but not least…
- Earn it. Some of you have already fallen off your chair because you may actually have to go to work and provide real tangible value in the marketplace to make a million bucks.
You see, it’s the marketplace that pays you based on the value you bring to itand your ability to get people to exchange their money for your product, service, ideas or investments.
I know that many of you are already working hard and providing value but… you probably aren’t working on the right things in the right order and in the right quantities to make a million bucks a year.
If you are currently not earning this amount it’s simply because you are not yet offering a million bucks worth of your products, services, knowledge or expertise to either enough people or the right people. (Worth re-reading)
Money therefore is part of a value system whereby those who figure out how to provide more of their products, services, knowledge or expertise end up making millions.
Here are a few things to consider: If making a million a year was easy, everyone would be earning it so pay close attention as there are a few moving parts.
VALUING YOURSELF FIRST
The first question to ask yourself is this; Do I really feel that I deserve to earn a lot of money? I can honestly tell you that the people I know who make a lot of money ($1,000,000 or more a year) absolutely, unequivocally, without a doubt feel that they deserve it. They do because they have earned the right and ability to do so.
If you don’t believe you deserve to earn $1,000,000 a year you must raise what I call your “having-ness level” and lower your rational level. By “rational level”, I mean all your reasons and rationalizations about why you can’t earn this amount of money or why you haven’t earned this amount of money so far.
It’s time to stop telling yourself that you aren’t smart enough or good enough or that you don’t know enough and start putting a million dollar a year value on yourself. If you don’t value yourself this much, the money, people and opportunities will never, ever be attracted to you in these quantities. You will repel the difference between a million bucks a year and your current internal “secret” value every time. In addition, others will only value you and treat you to the degree you value and secretly see yourself.
YOUR FINANCIAL PERSONA
Every one of us has a persona, a term that comes from a Greek word meaning “mask”. We wear masks about all sorts of different things: We all have our money face or our game face on, whether or not we are aware of it. To attract more money, you must alter your financial persona immediately. Start thinking, acting, and behaving like the people who are already earning the income you want to earn. In this case a million bucks a year.
Think of Donald Trump. I don’t know of anyone who interested me as much as he does from this one perspective only: His brilliance for coming back from financial devastation. Trump was $900 million in debt and he kept his game face on as if nothing was wrong. Although he was probably getting irate phone calls and visits from his creditors, Trump kept his persona in line with that of a billionaire. While things were crumbling around his financial world, his mask stayed on.
For those who didn’t know the exact truth, that mask created a certain air of arrogance and a certainty that made people want to do business with them.
One of the best ways to alter your financial persona is to believe a certain thing that’s a lie right now. You can impress a new persona upon your sub-conscious mind using the right visualization techniques; affirmations, self-hypnosis and mediation techniques and that new persona will take hold and take flight.
Then and only then will the physical outside world match the new inside “Million Dollar” a year image.
Here’s a little formula for attracting and earning money:
Increase your having-ness level through your new self-worth vibration. Havingness comes from a mental state you create for yourself, relating to accepting that you are the right person to have a certain thing, like vast amounts of money.
How many times have you seen someone receive a gift and say, oh you shouldn’t have? That is because that person did not have a conscious having-ness level to accept the gift, or the unconscious value of being worthy of it.
Attracting money begins with you taking stock in the value you create for others and realizing the good you do, has value, this increases your ability to have. As the lotto example, when a person of lower means has a huge gift bestowed upon them, like millions of dollars… Because of their low self-worth, the money instead of being a life changing opportunity becomes an obligation…
They can’t “have” or accept that much validation and relax in the fact they have two million dollars in the bank, and quietly and confidently research the best ways to preserve it for their self and their family’s future.
They have to do something and because of their mental state of low Havingness, they make poor choices. Buy their friends lavish weekends in Las Vegas, jewelry and exotic cars, which brings the average lotto winner to manifest their “poor” choices and be worse off financially and mentally within five years!
Increase your level of having-ness, know you have great value so you alter your financial persona immediately. Start walking, talking, and behaving like a person who is already earning the level of income you want to earn.
Now remember the rich who have earned their money, understand the value and do not spend frivolously; they enjoy saving and accumulating, so being wealthy before you really are is a mindset, and not a practice.
Just as a consultant I once knew, would tell his clients to go out and buy things to make them feel rich… If they acted rich they would become rich, although poor spending habits do not make you rich and that idea put most of these young doctors into financial ruin before they had the opportunity to become rich!
This may feel awkward at first. Another example of mindset is; about twenty-five years ago, I heard a speaker by the name of Tommy Hopkins say, “Fake it till you make it.” I didn’t really understand what he meant until I started studying the brain. Hopkins meant that your subconscious doesn’t know the difference, so if you fake it long enough. You become it.
You’ll definitely find some resistance in your head from your own internal dialogue. That small voice inside your head will argue, “But you’re not a multimillionaire. You’re not making this amount of money. Why do you keep telling yourself that? Why do you walk this way?”
And of course I don’t suggest that you go out and spend that way just yet, but I do recommend that you try something that actors Jim Carrey and Barbra Streisand did, and that I have done as well; admittedly on a smaller level at first as I was training my brain to think abundantly and as I was developing my Havingness scale.
They set goals for five years from now, stating they wanted to be receive one-million dollars as an advance for a new movie… So, they carried a check in their pocket written out to them self for that amount. Every time they opened their wallet they saw that one million-dollar check, and it sent an electrical message to their brain that matched that vision and goal. Until they both eventually received that million-dollar check for their service and ultimately much more.
In the marketplace, once you have the right vibration, the right persona, and the belief that you deserve to earn more money, and you walk and talk with confidence and not arrogance… and you understand that you’re not going to get it by inheriting, finding, stealing, or winning it—the question becomes, what are the laws of earning it? Since the whole universe operates by laws, what are the laws of compensation?
LAWS OF EARNING MONEY
At the beginning of this article you learned that money is an idea. Now let’s take that concept one step further and add this statement:
You will get paid in direct proportion to the service and value you bring to the marketplace for which you charge for.
If you can determine how to bring more excellent service and more value to more people, they will gladly exchange with you that little green paper called money. The formula is simple- the execution, much more difficult.
To earn a million or more a year in income, you must ask yourself Three questions.
- Is there a need in the marketplace for my product, service or investment?
I’ll give you two products to think about as an example: Hula Hoops and Pet Rocks. In case you’re too young to remember, a hula-hoop was something you put around your waist, then you moved your hips a little and it swirled around and around. A pet rock and literally a rock in a box that someone packaged nicely, marketed brilliantly, and sold by the millions. Was there a need for hula-hoops and pet rocks? Of course not, but great marketing and selling created a market and millions for it.
Now If there’s a need for your product or service or investment dollars, even better!
In the investment arena, there are tons of options to consider that you must have or acquire the specialized knowledge to move safely into this zone. The right timing is also a great ally to have. Most people are amateurs in this arena and do not do their homework to protect themselves from substantial losses and mistakes. Me included!
- How good is your product, service or investment opportunity and how unique is it?
Compared to other investment opportunities or a similar product or service that you offer for sale, how good is yours from a quality perspective, how unique is it? The rarer you or your product or service is, the more you can earn from it. Just think general doctor verses Transformational services. Start thinking specialization and being the best at something instead of general and average (a commodity service). There’s to many of those already.
How long or at what value is the commodity or real estate deal you are looking to invest it?
This is where you must be or have your own expert to help you make decisions to increase your chances of not getting screwed on investments. Skill and specialized knowledge are great to have in your corner when playing the investment game.
- How good is your ability to market and sell your product or service?
Your ability to market and sell your product or service to generate revenue at a local, regional, national, or international level is the most vital part of the equation if you are earning money as the result of marketing and selling.
To earn more money, you must become a marketing and selling master or have one on your team. If you have an average product or service and average marketing and selling skills, you will earn an average or just below average income because ninety-five percent of your competitors are also average.
That group will share fifteen to twenty percent of all the revenues for that product or service category. The remaining five percent of the competition—the ones who understand the laws of earning money—will rake in all the rest.
Please note that you do not personally have to be the expert in sales or marketing for your product or service, but you do have to build a team around you that has those skill sets.
One of the things I teach is this:
Always hire/barter/trade or partner with people who PLAY at things you must work at including any part of the formula below. So, with this said…
What is my formula to earn a million dollars a year or more?
Here’s what you need:
Knowledge + Skill = Your Confidence and Certainty Level
The Right Strategies + Tactics = Your Blueprint and Game Plan
Your Goal + Your Beliefs = Your Vibration
Your Habits = Your Actions and RESULTS
Your Resolve and Commitment = Achieving it
Here are a few “ACCELERATORS”. Passion. Purpose. Enthusiasm. Contacts. Flexibility. Drive. Tenacity.
And here is the PLAN
Step 1: Have Absolute Written Clarity on Your Vision/Goal/Income
Step 2: Develop the Beliefs and Habits Needed to Achieve It
Step 3: Determine the Knowledge, Skills, Strategies and Tactics Needed to Accomplish Your Goal- And the Product, Service or Investment Vehicle
Step 4: Surround Yourself with A Team To Help You Apply Your Plan
Step 5: Take Action Daily towards Your Goal
Step 6: Tweak Your Thoughts and Actions As Often As Possible Till You Develop a System and Process That Repeatedly Works For You
Step 7: Have Fun No Matter What
Now all that is left is to execute… Do not look for immediate personal gain, learn the universal laws and become witness to the miracle that is taking place because you put the dream into motion.
And remember this… I believe and have experienced that the journey you will embark on, and the contribution you will make to society, and the lessons you will learn, are far more valuable than the money. When you experience the joy in providing the value you were put on earth to provide, believe me the money will flow to you to complete the cycle of value and exchange you gave created!