Your first question I’m sure is: How can I grow my online income by focusing on $2.73 a day? Sounds like small potatoes. What about those promised 7 figure incomes so many programs tout?
The Psychological Barriers
If you are making a seven-figure income online you don’t need this article and you’ve overcome the psychological barriers that hold many of us back from making the big bucks.
The fact is, when we see those big promises of making several thousand dollars in online income every month, besides many of them being scams, we don’t think we can make that kind of money. It’s not real to us. Hence what isn’t real to us remains outside the realm of our possibility.
In the personal development field, this barrier is often referred to as our money thermostat. T Harv Eker refers to this in his excellent book Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth
Moreover, it doesn’t just refer to money, it can apply to almost any aspect of your life. Here’s how Mary Morrissey explains it:
There’s a “thermostatic setting” within each of us that governs how much good, fun, love and life we allow ourselves to experience and enjoy.
Therefore the first step in growing your income is understanding you. To understand how to make a thousand dollars a month you need to expand personally.
I know this isn’t an easy transition. You need to outsmart our internal thermostat.
“If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!”
Source: T. Harv Eker.
In the next section, I will give you some ideas on how you can do that.
Too Steep a Gradient.
This barrier deals with our ability to conceive of something. It’s often why in goal setting you are told to chunk down your goal into smaller easier to achieve steps.
The truth is, ambitious goals can be as intimidating and demoralising as they can be inspiring and motivating. The secret to making them come to life is to break your big goal down into lots of smaller steps that will gradually get you to where you want to be – and focus on them. This is called ‘chunking’.
By breaking down the unrealistic into smaller realistic steps we acclimatize ourselves to that larger vision.
How to Overcome Your Online Income Thermostat
Furthermore, when it comes to your online income it’s important to understand that in order to get to a seven-figure income you need to start at a much more attainable target.
When I trained to walk a half marathon, we started out small and slowly worked up in increments. If I’d been told that I needed to walk 21.5 kilometers the first day I would never have participated in the race. But because we started out at 4K and slower speeds and then increased our distance on our speed just a bit more each week I was able to finish my first half marathon and beat my own aggressive time target.
As you become more confident about hitting the target you set each day you can move your daily target up.
Of course, you may not have a seven-figure income in mind. Perhaps you just want to make enough to pay for the mortgage or to take a more expensive vacation.
It doesn’t matter what your end target is. (Though you need to have one). You need to chunk it down to something you think you just might be able to achieve.
To give you a dynamic example of this I asked Jon Olson for the link to his fabulous video on how two dollars and seventy-three cents can make a huge difference in your life.
Therefore, I invite you to watch the video and then put what Jon talks about into action.
How Much Do You Want to Earn Online and Why?
“…she found that you become 42% more likely to achieve your goals and dreams, simply by writing them down on a regular basis.
First, take a minute or two to write down your eventual income goal. Then write out your compelling reason why.
Start using a daily target sheet. Add your daily income target based on what you are earning now. Use $2.73 as your beginning target if you aren’t there yet. Then write that same target onto your daily target sheet every day. This really focuses you on hitting an income target. When you start to hit that $2.73 consistently, more your target higher.
For more on using a daily stat sheet read: What You Measure Daily and Review Weekly Improves
We need to understand the psychological barriers that get in the way of achieving our online income goals. To get to a six or seven figure income we first have to learn to take baby steps.
The video I included explains the theory of learning how to produce $2.73 before you can produce $2730 dollars a day.
With a little practical application, we expand our abilities and awareness allowing us to increase our what we can conceive and achieve each day.
There is no magic formula except perhaps following the formula suggested in the video.
Did you find this information practical?
Let me know in the comment section below.
© Nick Grimshawe 2018
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