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The Best Habits of Rich People

October 9, 2019


Have you ever wondered why you struggle
financially? Why you always seem to have no money at the end of every month? Or
you’ve never been able to save up enough for your retirement? Well, the reason is
is because you have the habits of poor people. And the thing is rich people have
different habits. And in this video, I’m going to be going over the 3 habits
of rich people that allow them to continue making more money. It’s not an
act. Getting rich is not just an act. It’s not
like you pick up a lottery ticket and suddenly you’re rich. It’s not luck. It’s
a habit, it’s a process that can be learned. And I’m going to be going over
these 3 elements that are going to help you get embody the habits of rich
people. Stay tuned take notes and help take your life to the next level. So, I’ve
made millions of dollars in my internet business. I have enough money to retire.
And the thing you need to know is that rich people and poor people have very
different habits. And you know, we do the same things every day. We just kind of go
by the same cycle all the time. And in order to change you know your bank
account from being less than a desirable to the point where you get excited to
look at every time, your bank has more money in it. You’ve got to change up your
essential habits. And these 3 things are the essential habits of rich people
that I’m going to try to distill for you. I don’t know everything. You know, I’m not
saying this is the ultimate. You know, I’m not a billionaire but these are 3
things that I found that are very different from people with poor mindsets
and rich mindsets. Now, the first thing is that rich people count their money, okay?
Count their money. Now, you would think that somebody like me you know, I’m
making hundreds of thousands of dollars a month in my business would not feel
the need to actually count all of my costs and look at what each line item on
my credit card I was spending money on. And
use mint and kind of categorize my expenses and where I’m over, where I’m
under. But the reality is, is that I spend and many of the people I know who are
very wealthy are crazy about counting where their money’s going. Where it’s
coming from. Knowing exactly all of these different elements about their money.
Poor people, they get a bill and they say, “Ugh!” You know, they get a tax bill at the
end of the year that might be one of the only times they actually count their
money. And poor people get a tax bill and they say, “Ugh!
Screw it. Got to pay it.” And they send their money to the government,
right? But rich people, what we do is we look at the tax but when we say, “Hmm. Cool.
Opportunity for negotiation. I wonder how much I can get this down.” And I’m in the
highest tax bracket, income wise and I probably paid closer to the lowest tax
bracket because I negotiated. I found the deductions. I hired somebody who was
knowledgeable in this space for a fraction of the money that it costs to
save me the hundreds of thousands of dollars I did. So, we count our money. We
figure out where it’s coming from. What we can do to maximize things. What we can
do to save things. We don’t just go out and say, “Oh! Cool. I have a thousand
dollars left in my bank account at the end of the month.” Now, the second thing
about rich people is that rich people pay themselves first. Pay yourself first.
Okay. Now, paying yourself first does not mean buying yourself that car,
getting yourself a vacation to reward yourself or it doesn’t mean any of that
stuff. What paying yourself first means is
actually paying yourself a salary. Putting that money into 401k. Saving that
up. Putting that in you know, expense everything you can
through your business or through your company or whatever you do. You know, even
as an employee, you can set up an LLC and expense everything through there but you
pay yourself first, okay? I’m saving up money every single month even though I
have very high earning power and I very high confidence in my business doing
well. I always make sure that at the end of the day I am always making money
before anybody else. It always happens. I’m saving up money
for myself in my personal bank account, my 401k,
etc. Pay yourself first and you’ll do better. Now, the third part of this is
know how to improve your income. Now, I just got to take off my jacket for this
because this part makes me angry. And people don’t understand this. Knowing how
to improve your income, you need to go to what I call the money equation, okay? What
is your money equation? Do you even know what your money equation is? Everybody
has a money equation attached to the back of their head. And you are only
going to ever be as good as your money equation. Now, let’s look at this, right? So,
let’s say you’re working a job. You’re getting paid $20 an hour, right? Your
money equation is hours times $20, right? Very simple. The most your money equation
can ever be is 168 which is the number of hours in a week times $20. Therefore
the most money you can possibly ever make is around $12,000 a month, right? So
now, you have a number. You know the most you can possibly ever hope to earn is 20
times the number of hours a week. But that’s not feasible to actually do. You
know, so you have to account for sleep and some of these other things. But
either way, you have a very clear maximum to the amount of money. You can make this
doesn’t give a lot of opportunity for improvement. And even if you go for
raises or promotions, probably the most you will get a raise for is up to 20% of
your income. So, that 12,000 you could times it by 1.2 and the most your money
equation will ever get up to is about you know, 14-15 thousand dollars. So, that is a very
real number. Your range is determined by the number of hours. Now, similarly, if
you’re working a salary job, your money equation is salary times the year. It’s
very simple. And that’s the most you can ever make. Now, if you want to save up
for retirement, if you want to save up money, if you’re working in a big city,
12,000 a month isn’t necessarily going to give you a lot of money to save u In
fact, $12,000 a month is actually just above the poverty line in San Francisco.
So, you need to change your money equation. Another example of a money
equation is if you are running an agency. Or if you’re you know working on clients
like a social media marketing agency like I used to do. I could only handle
about 5 to 10 clients per month. 10 clients per month max was the amount of
clients that I could handle. You know, just each client took more time. So my
money equation was basically, I was charging $500 and it was
times 10, okay? Now, my money equation was very limited, okay? And I had to change.
You know, but my equation was basically clients times 10. Because I knew that
was the most number of clients that I could personally deal with Phone calls
and campaign builds and landing page builds per month. But I had a very easy
way to change this. And I remember I went to an event in 2012, right? I was never
able to replace the income I made from my job. I was making 6,000 a month
and I could only manage 10 clients a month part-time. Now, I went to this
seminar. And this really tall man with big teeth and big hands, he forced me to
question myself and ask me. And by the way, if you know who this really tall man
with big teeth and big hands is type it in the comments. I’ll give a big
virtual hug to everybody who knows who I’m talking about. But this person asked
me to question what am I doing. And if I continue going the same route, will I
ever get to my goal? And I realized my equation is wrong. And I’ve got to change
my equation. Now, my equation was I charged each client $500
per month. But when I realized that this I could change that. And I realized that
I could change my own wealth equation and I could start charging clients $10,000 a month, right? This is what I did. And I realized I could do
and I could make as much as $100,000 a month which is what I wanted to get to. I
changed my wealth equation around. And I was able to get there. Within a few
months, I got 3 clients that were paying me $10,000 a month. Now, I had to
talk to different people. I had to change up a little bit of what I was offering.
Really, actually I just had to find new places, new prospects to talk to. And I
was able to get to my goal a few years later of $100,000 a
month in my business. 2 or 3 years later, I got there. And that was
life-changing. But you have to understand know how to improve your income. Know
your wealth equation and you will be able to figure out what you need to
improve it. Now, I teach affiliate marketing and affiliate marketing is
based on results. If you can sell one of these products, you’ll get $50. If
you sell 10 of these products, you’ll get $500. So your wealth
equation is based on results that you get for company. The results equation, the
money equation built in allows for exponential growth. Allows for
unrealistic incomes by modern day standards. And if you just start mining
in the right place, if you just start doing a business where your money
equation allows you to reach whatever income goal you want, you can get there.
But the point is you need to change your money equation around first. Now, if you
enjoyed this video and if you want to join the money club, you can click join
right next to the subscribe button. That’s the money club. But the money club
is also just a group of people who are focused on improving our incomes. Type in
money club in the comments because let’s start getting this. Let’s start improving
our incomes. Let’s start realizing that poor and rich, they’re mindsets
put in to us by the media, by society, by the education system and by our family
and we can change that around if we want to. So, dedicate yourself to getting there.
LIKE this video and subscribe and if you want me as your mentor and
access to talk to me twice a month. Multimillionaire, internet marketer; you
can talk to me. There’s details if you click the join button. It’s about $50 a
month and you can be part of my money club. You’ll get exclusive access to all
this other stuff and video trainings and blah, blah, blah. I over deliver. Don’t
worry. I hope you see. Then join and subscribe and talk to you soon. But
change around your money equation change around your life. Talk to you soon.

48 Comments

  • Reply md abdullah October 8, 2019 at 3:31 pm

    1st

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    Your first comment best video

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    How much is enough, where do we stop counting, great video, keep counting.

  • Reply Dheena Dev October 8, 2019 at 3:40 pm

    To get rich you have to build productive habits. Love your content 😊

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    Tony Robbins

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    Thanks John, great video as always

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    Tony Robbins

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    Thanks John

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    Anthony Robbins?

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    What would you like to see me teach in my next video?!

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    Hi,John. Can we see next video on Jvzoo affiliate program. Is it legit?

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    Tony Robinson

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    Sounds like the one and only TONY ROBBINS! I have read a lot of his books and will be attending his events soon.

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    Money club

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  • Reply Mimshack Ebot October 8, 2019 at 10:01 pm

    good video

  • Reply Johnny 5924 October 8, 2019 at 10:54 pm

    Ur videos r revolutionary. It's a full-on endorsement of a change of mindset. Thx for sharing ur ideas and experience.

  • Reply Investing Education October 8, 2019 at 11:49 pm

    Great share

  • Reply KEEPING UP WITH AMAZON October 9, 2019 at 1:33 am

    Richest people in America

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    Tony Robbins is the tall man!

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    The Money Club!

  • Reply Sean Enright October 9, 2019 at 5:40 am

    Very very VERY insightful content John…do the numbers. I appreciate this " common sense " knowledge, but alot of us don't stick with it OR like you mentioned aren't aware of our
    $ Equation…thanks once again sir !

  • Reply Rege Gonzales October 9, 2019 at 9:53 am

    Thanks John !

  • Reply SUBHASHISH CHATTERJEE October 9, 2019 at 11:35 am

    Right

  • Reply TrackFive October 9, 2019 at 3:24 pm

    Awesome video 👍🏼 Very informative

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