If Your Income Projection is Flat, You’re Dead
You might be making $25,000 or $300,000 a year, but if you want to become wealthy you need income first. You can be in poverty, you could be making $35,000 a year with a family of five, you could be a single mom making $9 an hour or maybe most or all of your money comes from the federal government. We all start from somewhere. Maybe you’re in the middle class and stuck at $52,000 a year, having “just enough” money to never have any leftover at the end of the month.
Regardless of where you are on your wealth journey, the key is that you start getting on an upward trend. You need to start consistently increasing your income.
Check out this graph below:
Everyone making under $100,000 per year is at risk—they are flat lining. When adjusted for inflation, there are four groups compromising 90% of all earners in America—those are the 4 lines under 100K. You can see it’s an almost flat graph since before 1970. The lower you go the flatter it becomes.
If you aren’t increasing, you are at best breaking even. There are 28 million small businesses in America and over 67% break even or lose money. Bitching, moaning, groaning and complaining about it won’t change the facts. You need to make more money to protect your family.
I made the decision to get rich years ago because I was sick and tired of being scared all the time. Since then I spent a lifetime studying how to get out of the middle class, not to get further entrenched in it.
If you don’t scale your business it will soon fail to be a business. There are only a few reasons you are flat lining with your income:
1) You don’t have enough skill
Doctors make a lot because they are highly skilled and trained for years. You don’t need to be a doctor, anyone can up their sales skills and increase their income. You don’t need to be at college for 8 years.
2) Nobody knows you
Obscurity is your biggest problem. People won’t buy from people they don’t know. You’re too small and won’t spend enough to get known.
3) You don’t grow fast
Expansion requires massive actions. Doing anything normal will only get you more of what you’ve gotten. This is why people continue to flat line and eventually decline.
Start thinking massive expansion, getting known to the world, and sharpening up your sales skills if you want to be a 1%er with an income that isn’t flat lining on life support. Come down to 10XGrowthCon this March and take the first step to getting your financial house in order. If you are already crawling or running with your business, come to the conference and BLOW UP your potential networking and learning from the top entrepreneurs and business people on the planet. Learn more here.