How To Work Less And Make More Money - Okay, so I'm going to give you some financial advice that, if you follow it, will help you make a lot more money this year. I can guarantee that you will make more money. This is a three-step process that I just finished going over with my coaching and consulting group. I do a coaching and consulting call once a month that is free if you are involved in my software or program. The Second Mind software that I invented uses neuroplasticity to retrain and rewire your brain to basically turn your brain into a magnet for what you want, kind of like meditation on steroids, so if you want to check that out. You may want to read also this blog I created - How To Get Rich Fast And Make More Money Like This.
You can use a free demo of the second mind by following the link down below. So, I was doing this three-step process that really changed my financial life, and I wanted to give you a sneak peek at it and walk you through this exact process, so this isn't your typical video. So if you are able to get a pen or a pad, make sure you do that so we can make sure that you not only remember everything we talk about but that you apply it to your life so you can see your bank account start to grow. So if you are excited about making more money in your life, send it out to more people.
Identify And Reset Your Financial Thermostat
Number one is to identify your financial thermostat and reset it. So Maxwell Maltz wrote a book called "Psycho-Cybernetics." A cybernetic mechanism is something that is often found in technology that programs a set point or an endpoint in a thermostat. You set it for 70 degrees, and it makes sure that the house stays at 70 degrees no matter what. It has an internal set point, and it's designed to make sure it adheres to it. So, if you open the window and it's 30 degrees outside, the thermostat and set point kick in to ensure it arrives at its destination; the GPS does the same thing, though it can't take control of the steering wheel, so you can ignore it. The same thing happens when they launch a rocket ship to the moon—it's a cyber mechanism with a clear set point.
This is what happens on commercial flights from Los Angeles to Sydney, Australia. The pilot's not flying the whole way; it's on a total, constant auto-correct course that's programmed to make sure that you get there, so it's an autopilot system. Now your brain follows the same exact law, and you have a financial set point that's been set in your life, and the easiest way to discover what it is is to look at the financial results in your life.
Update Your Financial Thermostat
Most people make the same amount of money year after year once they hit prime income-earning age. They make the same amount of dollars year after year within roughly the same percentile, and it becomes predictable after a while; it embeds in your brain, and you think it's normal and you can't make any more, but that's completely false, just like you can update your financial thermostat to raise the temperature. You can adjust your mental financial thermostat to increase the amount of money you earn. The first thing I want you to do is think clearly about your financial set point and write it down with a clear quantifiable measurement, so don't write "lack of" or "abundance."
Write a quantifiable measurement of where your income-earning financial thermostat is presently set. The second point here is to reset it. So clearly, using your conscious mind, you will define a clear objective of what you want your financial set point to be set at. Do this in two ways: redefine your financial set point and have it written down. Because your brain is a cybernetic mechanism, it works most efficiently if you give it a clear objective. If you don't give it a clear goal, it will keep reliving the past based on the subconscious financial point that was set before. So you'll have your old financial starting point and your new one. So you might make forty thousand dollars a year and you say, "I want to make fifty five," so you have your new financial set point that is clearly defined. Almost nobody has a clearly defined annual and monthly financial goal that is quantifiable and clearly measurable, so that's step number one.
Look Ways How To Earn and Make More Money
Number two is to look at how you make money now and think of ways to make more money. First, let's begin by looking at the existing model. Most people have one primary source of income. So, if you make $40,000 per year on salary at a job and have been there for a while, and you decide your new financial goal is to make $60,000 per year, the first question is, "Can I get this extra $20,000 from my existing income source?" For most people, the answer is no because it's clearly defined: this is how much you make, and this is the way it is tinkering with your current and primary income source, which is a subset of this.
For example, you could go to your boss and say, "Hey, look, I'm really excited about 2021; I feel pumped up; I have all these new goals in my life; I want to earn more money, and I know how." The way to earn more money is to be more valuable to our company, our customers, and our clients, and I'm trying to come up with some ideas of how I can help more so I can be more valuable, have more responsibility, and also earn some more money as well. Do you have any ideas that could help you find what you're looking for? I might say yeah, totally, if you want to spend an extra 10 hours doing this and that, and they might say yeah, we actually have a bunch of phone leads. I know you have never done sales with us before, but if you want to work 15 hours a week on the phones, they may have an idea. So you could tinker with your existing income source, your income vehicle, and get an extra 10% or 100% out of it, so tinker with the existing first, then outline additional sources of income in the second part of this.
Nothing Happens Until Something Moves
Albert Einstein once said that nothing happens until something moves, so if you're still with me and this is starting to make sense, boom boom boom, yes, I can do all of these steps. I'm ecstatic right now and declare that I'm ready to make more money. So the way to earn more money is often to develop additional sources of income. The wealthiest people in the world have countless sources of income, so if your goal is to make 60 and right now you make 40, there is no need to quit the existing job. Now, let's see whether there is any room for improvement. If we can squeeze an extra $5,000 or $10,000 out of it, that will leave us with the difference, which will require income from several different sources.
So what you're going to do is pull out a pen and pad, and at the top of the paper, you're going to write additional sources of income, and you're going to come up with every idea you could possibly come up with. Some of them may stink, and you may never do any of them. When my wife and I were trying to get out of our financial rut, we made a list of everything, including things we never did and things we came close to doing, such as starting our own granola company and selling it at farmer's markets. We came up with everything we could, because nothing happens until something moves.
Leverage Your Skills To Earn More
We need to have that shift in thinking that says, "I can actually develop additional sources of income," and when you do, you might start with one idea. But then it leads to another idea that's totally different, and that's the idea that changes your life. What you're going to do is try to come up with at least 10 sources of income. For instance, it might be like house cleaning, right? It might be like landscaping, or it might be like, "Hey, I'm Billy, and I'm good at digital marketing; I'm good at online advertising because I work for a digital marketing agency, and my friend Jessica is a fantastic masseuse, or my friend Hector has this great consulting business, but he's not getting enough customers, and I'm really good at online advertising."
"I need an additional source of income, and I need to leverage my skills more so I could raise my income ceiling by having additional vehicles and additional financial vehicles." So, why don't I team up with Hector and do all of the online marketing and promote ads in the zip codes we're in to attract more customers to a simple lead page, and then Hector closes them and gets more customers, or Susie closes them and gets more people for her massage work? There are two things. One is that you could raise the price of each massage by an extra five or ten dollars.
Number two, which has more leverage and scale, is that you bring on another masseuse and maybe partner with a digital marketing company so you can get more leads, or maybe you learn the skill on your own and bring on three more masseuses, and all of a sudden you went from being self-employed to being a business owner, and you can leverage other people's time.
Additional Sources Of Income Is The Key
What that means is that it gives you the opportunity to raise your income ceiling. So make a list of 10 additional sources of income. Everything that you can possibly think of—maybe you get a part-time sales job on the phone; maybe you've always had this one idea, and you just need to go do it. Maybe you're a great painter or an artist, and every Sunday there's a really cool farmers market. You should get a booth and go selling. That's what happened with my wife. She was in a job she hated; she was still in credit card debt; she was trying to get out of that hole; she wasn't making enough money, so we built a list of additional sources of income, and one of them was painting. She was like, "Maybe I'll sell a painting once a week."
So she makes her first painting in the middle of it. Instead, she decides to wood burn, but no one is doing it, so she makes her own by getting a welder and burning wood. It turned out to be really cool, and one of my friends bought it that weekend for like $500 or something—her first piece like that. All of a sudden, it was off to the races, and eventually she was selling thousands of dollars' worth of art pieces, so additional sources of income are the key to having the best year of your life.
Develop More Concepts Together
Before I move into number three, let me say a couple things. The first thing is that, despite the fact that I may be talking a lot, I'm attempting to make this the most helpful video I can possibly create for you. Before this year's lockdowns, it was thought that 75% of Americans lived from paycheck to paycheck. If you include the rest of the world, you have to assume that this number is closer to 90%. The situation is likely worsening right now because many people have lost their jobs and many others are locked down and unable to look for gainful employment.
And so this is an important topic right now, and if you have someone that would get value from this, why don't you watch it again with them and do the exercises together? You brainstorm and mastermind together to help one another build more ideas for additional sources of income. Maybe you have a partner. Perhaps you have a sales-savvy friend, and you have an idea. Maybe you can partner and develop it together so you can leverage one another and go into business together with an additional source of income. Comment below: "I will achieve my financial goals."
Do Something That Moves You Closer To Your Financial Goal
So number three is to create a rule of five. The rule of five was something I first learned from Jack Canfield; he's the creator of the Chicken Soup for the Soul series, and he talks about making a rule of three or a rule of five. A "rule of three" or "rule of five" is something you do every day that moves you closer to your goals, finances, and the new, attainable "thermostat" you've set for yourself. If you follow Albert Einstein's simple quote that we keep using, he says that nothing happens until something moves, and that's you moving, so the rule of three or the rule of five has nothing to do with it.
Is it possible for me to be good enough? Am I too old? Am I too young? I know how it just has to do with you showing up to life, and when you show up to your financial life instead of constantly waiting for it to change, it actually ends up changing, and so the rule of five is you can do it in three or fives. I invite you to make your first "rule of three" or "rule of five" list right now, and what it clearly is is to find objectives that you do every single day that move you closer to your financial goal. So let's say that you did.
Make A List Of Additional Source Of Income
On step number two, you made that whole list of additional sources of income, and let's say that when you go back through it, you find one that you're going to pursue, because when you move through number two, the part that I forgot to say is that you're going to put a little star or an asterisk next to the best ones before you move on to number three. So let's say there's one asterisk that you put next to selling your art or selling guitar lessons, or whatever you end up deciding to do once you pick what it is. Maybe it's even something you collaborate on once you've decided what it is, then build the rule of five or the rule of three as a daily goal so that 12 months down the road, you'll be able to say you did it.
If you follow the rule of three or five, there are 365 days in a year. If you did the rule of three, that would be like 365 times three, which is like over a thousand. Just over a thousand, and that would be a thousand inspired actions that you took every single day that moved you closer to your goal. So let's say that this was something that I was making for a YouTube channel. So the rule of five for me to reach my financial goal could be to publish a video every single day, outline three, or it could be one of my objectives for the rule of five. Outline three new YouTube videos today.
Steps In Building An Additional Source Of Income
Another one for my rule of five might be to make one new thumbnail today. So, these are just simple promises to yourself to keep taking small steps toward building an extra source of income. I'd like you to get a pen and paper and make your first fake example of the rule of five based on one of the extra income sources you choose for yourself. Now the exciting thing is that, a lot of times, things just happen out of nowhere. Like when I wrote my first book, one of the things I was doing was speaking at tons of unity churches, and that's how I would get paid gigs, and that was kind of my bread and butter. I didn't know at the time, but that led to something else, so miracles happen once you show up; a new idea comes from nowhere; a new path comes from nowhere once you show up, but not until you show up.
So my rule of five was that I would email, like, let's say I was like, "I'm going to email five unity churches in the state of Oregon today to see if any of them will book me." I was getting like 500 bucks a pop for a speech on their Sunday services, so I would make a list and I would email them all with this little press release and pitch that I had, and so that was my gig, and while I was at one of those, one of the pastors that hired me was one of the pastors at the Unity Church, and they were involved in organizing a TEDx event, and I was like 21. I wasn't thinking about a TEDx event. I had no idea that was right, so they said, "Hey dude, we want you to speak at this TEDx event." So I'm like, "Really, you want me to do it for sure?" and so I end up doing that. That's my first video on the internet that gets, you know, five figure views and does pretty well, and then that led to getting all these high school speeches where I was getting paid for high schools and colleges ultimately.
It led to my first real book deal because my first book was self-published, but the TEDx talk gave me enough credibility for Penguin Random House to give me a book advance for a future book. So all of these things happened as a result of me just showing up for one thing. Nothing happens until something moves, so the rule of five is you setting the universe in motion, so to speak, financially to open the doors, so build your rule of five to help you stick to your clearly defined financial objective as well as the additional sources of income that you're developing.
The Possibility For Money Growth
So, I hope you enjoyed this video. I tried to keep it as short and sweet as I possibly could, and we covered three main things. The first step was to figure out what your financial thermostat was and reset it with something that could be measured. That's a mouthful of clearly quantifiably measurable annual and monthly objectives. I make $40. Now I want to make $60, or whatever the numbers are, and then number two is to analyze your existing income model or vehicle. Does my existing income model or vehicle have the potential to help me earn the amount that I've just decided is my new goal? Yes or no, that's all it can be, and if the answer is yes, then make the small tweaks necessary.
Talk to your boss. Talk to your manager, your superior's advisor, or whoever about what you could do to be more valuable to earn more money to pick up more hours, or maybe you can move to sales. Maybe you can move to be involved in profits and renegotiate your pay to be involved in commissions. If those are the tweaks to the existing model, then whatever the difference is, it will be necessary for you to build an additional source of income to accomplish the rest of the objective. In fact, a lot of people get rich by having more than one source of income.
Create A List Of Your Own Sources Of Income
CNBC says that 8 out of 10 millionaires are self-employed, so these are sources of income you've made for yourself. So then you write at the top of the paper additional sources of income, and you build a list of at least 10. You go back through and pick the top one or two, and you go knock those out or partner with your friend, and you guys knock those ones out together, and you form a partnership or a new idea. So you define additional sources of income, and then you pick one or two to make the focus, and then number three was a rule of five where you build your daily commitments because nothing happens until something moves, so if you enjoyed this video, let me know if this spoke to you or if this sucked and was the worst video you've ever seen in your entire life.
If you'd like to see more videos like this, where I basically try to run it like a super quick seminar with all the exercises and all that, last but not least, if you have not yet, be sure to demo the second mind. As I said at the beginning, I do free coaching consultation calls where we break all this stuff down if you are a member of the second mind. So if you want to check out more about the second mind and the software I created to help you retrain your brain and eliminate old habits and negative childhood belief systems that are blocking you from what you want in life, it's right there down below at the second mind.com. It's in the comments in the description.
Jakeducey.com is the second mind. The first mind is the one programmed by society. The second mind is the one using neuroplasticity and free will that you've retrained and rewired. You've turned your brain into a magnet for what you want, and when you do that, amazing things happen, so be sure to check it out in the description and comments right there down below. It's the second mind.com. I really appreciate you watching this video. Thank you for taking the time. I know there are thousands, millions, or billions of videos on YouTube, so I appreciate you watching this and letting me know in the comments if you enjoyed it.