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13 Sure Signs You Aren’t Ready to Make Money

Posted by alex On April - 17 - 2007

I’m not talking about a pitiful salary earned doing something the boss is too smart and important to do himself.

I’m talking about real money. The kind that isn’t a direct multiplier of how many hours you work. The kind that keeps coming in while you’re off doing something else, perhaps on a beach in another country surrounded by beautiful women in bikinis.

I’ve had several intelligent discussions lately on why gurus are able to sell so much junk and why people buy it. They buy it because they aren’t making any fungolas.

The reason for that is not because they’ve failed to buy the latest fad ebook. It’s a direct effect of how you think and act everyday, and the ugly habits and traits that hold you back.

Making real money stems from a specific mindset. It’s no accident. You’re either in the “zone” or your not.

These are the 13 most common factors that stop you from making any real money. Most of the time it’s several of these.

Here we go:

13 Sure Signs You Aren’t Ready to Make Money:

1) You agree to easily.

When you decide to think independently and try to make some real dough, almost everyone you encounter will try to dissuade you from it or otherwise implant negative ideas in your mind if you lend them your ear.

They’ll try to convince you it’s much safer to have a job and fuel your dreams by buying lottery tickets. If you listen to their poison, you’re smoked.

2) You procrastinate.

Entire books have been written on the subject. If you don’t get in the habit of taking action now, your life will be over before you even start living it. Time flies and there is not reason to wait. When you know the next step, you must take it immediately.

3) You need reinforcement to act.

Similar to number 1, this factor is just as deadly. If you need people to agree with your ideas and tell you how good you are before you act on them, you’ll wait a long time. Learn to trust yourself. That’s the person that has the most influence on your success.

4) You tolerate excuses.

If you’re going to make real money, you have to lower your B.S. tolerance to zero. Take no excuses from others and even less from yourself. Small compromises too often duplicated make a perfect plan a pathetic failure.

5) You haven’t taught yourself to make decisions.

Great fortunes stem from the ability to string together good decisions and execute the necessary actions. At first, the only person that can make those decisions is you. Most employees are like herd cattle, they need a barking dog in front of them to guide them right or left.  Break the habit.

6) You don’t know what you’re good at and what you like.

If you do something just because you heard it makes money, chances are it’ll do the exact opposite. Building true wealth will require a brief period of very hard work. If you don’t like what that work consists in, you won’t finish the race.

Sometimes we think our inclinations are “too unconventional”. That is often not true. There is a market for almost anything.

7) You automatically think new is better.

Here is a proverb: “things seem worst just before they get better”.

Most people give up in that dip, thinking they’ve come to a wall when in fact they’ve come to a door.

Persist in what you do and resist the temptation to jump on the new hot ticket. Persistence is much more lucrative than just about any other possibility.

8) Your attention controls you instead of you controlling it.

If this is the case for you, you get nothing done that has any real value. You get lost and stumble around as your unfocused energy disappears into the great beyond leaving you with nothing to show for it.

Make a plan and stick to it. No excuses.

9) You criticize rather than analyze.

If you do this, you are a human cancer to yourself and others. The best thing to do, metaphorically speaking, would be to cut you out of the picture with a sharp knife to stop you from spreading.

With this mentality, your ideas are killed in the egg and the people that could help get what you want will have nothing to do with you.

10) You have a low tolerance for risk.

Maybe you have no money or a family to support. Those are darn good reasons not to take chances with your money or situation. Many others prefer safety to potential gain.

None of the above are ready to make any money. Change your situation or change your belief system before you even attempt it or you will soon confirm why you don’t like risks.

11) You’re unable to make a commitment.

“Plan the work and work the plan”. 95% of the accomplishment is not worth 95% of the reward, it’s hardly work anything at all.

When you don’t see things through to the end, you have done nothing at all except assure your failure. Don’t cheat yourself. If you make a decision, it becomes written in stone except in very rare situations. Make it happen.

12) You’re not willing to pay the price.

Never mind all the other things that come into play, like the option cost on your free time and leisure activities. Just look at all of the above. You won’t get there by accident. There is a price to pay, over and over again. How bad do you want it?

13) Being afraid to fail.

You should be afraid NOT to fail. If you don’t fail, it’s because you didn’t try. If you didn’t try, you never even had a chance.

Direct marketers consider a 10% success rate great because they can ride that one success into the sunset.

Don’t count the “Yeses” count the “Nos”. For every one you get, you’re that much closer to the big breakthrough.

————-

Remove all those obstacles to success and what do you have?

A resilient, determined, focused entrepreneur, ready to kick some asses.

A financial force of nature, half man, half money magnet.

A whirlwind of – well you get the point…

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10 Responses to “13 Sure Signs You Aren’t Ready to Make Money”

  1. Honman says:

    There is one more important thing. Focus on one thing and do it well. People fail to realise this because they are easily distracted by other things.

  2. alex says:

    Hi Honman,

    I understated that one in a combination of the other factors but yes, it’s right on top of the list.

  3. Great post Alex – I think #12 – You’re not willing to pay the price is the most poignant.

    The road to success has thousands of potential detours where a decision has to be made whether you do what you know will move you forward but is difficult or uncomfortable or do what’s easiest and hope for the best

    Far too many people simply dream and rely on good fortune to make them rich because they believe the other path to success (which you outline here) has too high a price to pay.

    There are hundreds of cliched excuses from needing a certain amount of free time to caring for kids to full-time jobs to age (ad infinitum) but the fact remains you can work something that will grow your business into every day no matter how little time you think you have available.

    You just need to decide that your dreams are worth the sacrifice…

  4. alex says:

    Hi Eric,

    You are very correct. I think many aren’t willing to pay the price because they see it as too high.

    Although I was paying it in the beginning (and still am), it soon became much easier. At this point, I would have difficulty doing anything else…

  5. Rian says:

    Good post Alex,
    Yep, all the above are the cancers that will drag the uninitiated down. I’ve been there. It can be a difficult hump to get over…but ask anyone who’s done it…unless your name is Paris Hilton, most successful people have worked their tail’s off to get where they are. For those struggling to gain control, I would point you in the direction of Napoleon Hill or the Richest Man in Babylon.

  6. alex says:

    I’ll have to pick up the Richest Man in Babylon. As for Hill, I’ve read it at least 5 times and do it every couple of months to refresh my mind.

  7. Rian says:

    I do the same with the Richest Man….everytime I read that little book I’m lit on fire. The concepts are so simple and timeless.

  8. [...] Just today I was cruising around the affiliate marketing community on Bumpzee as I regularly do, and I found an awesome post by Alex Goad titled 13 Sure Signs You Aren’t Ready to Make Money. Really a great article if you’re stuck in sort of a procrastination rut or just aren’t getting places that you’d like to go, you may want to check it out. [...]

  9. Brian Free says:

    My biggest problem in the past was procrastination. I have become better, but I definitely tell my self “I’ll just do that tomorrow”. It is hard to break the habit, but much more profitable once you do

  10. alex says:

    Hey Brian,

    The good news is that procrastination is a habit, just like you said. Once you break it and replace it with something more effective, it becomes just as natural to do things now rather than later.

    It took me quite a while to train myself and it wasn’t easy, but it’s definitely been rewarding.

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