Have you ever heard this statement before? “If you can make a thousand dollars, then you can make a million.” I think I first heard this phrase nearly 10 years ago when I was making $7.50 an hour and $1,000 meant a solid month of work. So, if it took me one month to make $1,000, then it would take me 1,000 months (83 years) to make a million… This phrase sounded like nothing other than idiocy to me… However, as I have matured over the years, I have found this statement to be 100% true. It just depends on how you make that first thousand bucks.
How Are You Making Your Thousand?
If you’re like most people, you are earning your wages as an employee and are paid either based on an hourly rate or by way of a salary. Some of you might make minimum wage, while others of you might be earning $100 an hour for your time. Either way though, that thousand/million dollars will be difficult to reach if you only focus your energy on that hourly job. So, there must be some sort of secret right? You are 100% correct. In order to make a million, you must think like a millionaire.
I Learned My Wealth Thinking Through Network Marketing
I’d say that most people are incredibly negative when they hear about network marketing. They callacely refer to this line of business as a scam or a ‘get rich quick scheme’, but I have to say that many of the important lessons that I’ve learned in business have begun with my participation in several different network marketing organizations.
The most important of these lessons was this:
- In order to be truly wealthy, you must leverage either people or a system, or both.
Many people get involved in network marketing because there is absolutely no ceiling to what you can earn. So why isn’t there a ceiling? How come the income isn’t capped at some point? The answer is simple, when you leverage people as well as a system, you can build your business as big as you want, without having to put in much extra time. With a system in place, you can build your business to earn yourself $1,000 a month. Then, you can keep utilizing that system over and over again (instead of using up all of your time) and work toward making a million!
A Better Example
Since network marketing is sometimes difficult to grasp, let me use another example. Take this website. When I first built this site, I was making zero dollars a month. Once it became a little more popular though, I found myself earning about $1,000 a month, which got me very excited (as I’m sure you can imagine)! So, with my employee mentality, I decided that in order to earn more money, I could just start 2 or 3 more sites which would give me the potential to earn $4,000 a month instead of $1,000.
By increasing my site ownership to 4 instead of just one, I found myself writing 4 times the articles, answering 4 times the amount of comments, and handling 4 times the amount of advertisers. Sure, I did earn more money, but I was completely exhausted. I just didn’t have enough time in a day to get everything done! I could not make a million dollars this way.
I soon learned that I needed help. In order to earn more money, I realized that I needed to employ some writers to ease my load and free up my time. With this extra time I was able to write a couple of eBooks, develop my sites to their full potential, and expand my scope in online income possibilities. By utilizing the help of others, I could, in theory, run 10 sites and earn $10,000 a month, while paying out a minimal amount for the articles produced on each one of the sites. And, this way I would not be exhausted from all of the sites. In fact, I wouldn’t need to put that much extra effort into each of these additional sites, which means that I could just keep repeating the process and get to my million bucks.
Are you on your way to a million? Have you been able to ditch your employee mentality?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.