Experience Passive Income
Put a mental check mark next to each of the following statements that describe you and your business
- In order to generate income, you need to put in a certain number of hours.
- The more hours you work, the more money you will make.
- Your business makes money only when you are working.
The more check marks you've made, the stronger your connection between time and money is. If you've got a strong time-money link going on in your business, this can actually mean that you end up working a lot harder or longer than you need to for the money that you make.
You've heard the saying "time is money" plenty of times. I'm willing to bet you've said it yourself in the past few weeks. The problem is that as long as you agree with that statement in any way, shape or form, you inhibit your ability to create wealth.
And, if you don't address this, so many of the things you want to achieve will remain out of your reach.
If you are well-versed enough to have spent time thinking about this topic, and already know that you need to break away from the "time is money" attitude, that's good. But it's still not enough. It's not just what you know on the surface, it's about discovering those deeper beliefs that are blocking you from reaching your potential. That is the challenge.
The challenging part is quieting down the voice in your mind that says things like, "It's not supposed to be this easy. You haven't earned it. You don't deserve it. To generate this money, you need to be putting in a certain number of hours." It just keeps telling you that the money that you earn should be proportional to the time that you've put in.
You can only earn passive income, money that you make even when you aren't working, when you dispel this subconscious belief.
And you can only dispel that belief when you begin to have experiences that transition you from trading your time for money to being in a position where money comes in 24/7.
Whether you take a nice break after having a baby, or you're flying on a plane; whether you're sleeping or on holiday, the money keeps coming in.
I first got interested in the concept of passive income back in the early 90's. A boy friend I had at the time was involved in a network marketing organization, and he talked a lot about residual income and passive income.
While I understood this in theory, it took a few years before I got to the point of really experiencing it. There's a big difference between knowing about something in your mind and experiencing the same thing in your body.
If you want to know what it's like to ride a rollercoaster, for example, you can Google "rollercoasters." You can watch videos of rollercoasters from around the world or interview people who have ridden on rollercoasters. You can buy books and study about rollercoasters.
But, you are never going to know what it's like to ride the rollercoaster until you buy a ticket, strap yourself in, close your eyes and just go! You will know what it's like to ride the rollercoaster when you experience it.
That's why it's so important to get you to that point of your first passive sale. Once you've made that first sale - and it might only be a trivial amount - it might only be £50, that's when your life is going to change. Because so much happens inside of you in that instant when you experience it.
About the Author
Bernadette Doyle is a marketing specialist who helps entrepreneurs become client magnets and attract a steady stream of their ideal clients. She publishes a free, weekly newsletter for trainers, speakers, coaches, consultants, complementary therapists and solo professionals. If you'd like to receive invaluable tips and advice on how to attract clients with ease, register at http://www.clientmagnets.com
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