Why You Should Make A Monthly Savings Commitment Now- Jerry Fetta
The #1 objection I get from people on establishing their Sacred Account is that they aren’t in a financial position yet to commit money to save every month and that they need to take care of a few things before they can make a commitment. This is a sensible reason, but it is incorrect and prolongs something the must happen (saving money).
You see, I help my clients gain the ability to treat money like oxygen so that they can eradicate poverty in their lives and own their potential.
Gaining the ability to treat money like oxygen can only happen when someone has enough money invested.
Investing can only happen when someone has a certain amount of money saved.
Therefore, by not saving money, you also aren’t investing, which mean you are not on track to be financially free.
Now that I’ve laid the foundation of our conversation, I want to share with you this objection that comes up.
We’re sitting down review the client’s Wealth Creation Formula and seeing that like 99% of the population, they are not saving 40% of their income and the amount that is being saved is going into a retirement plan that they won’t see for decades to come. I bring up increasing their savings at a gradient to get closer to the 40%. They agree it’s a good idea and that they want to.
Then I ask “how much”? Sometimes I get an amount, sometimes I get an objection. Let’s say I get an amount. Then I begin filling out the contract to start their Sacred Account and their eyes pop from their heads. “Oh, we didn’t mean right now, we have (insert reason here), but as soon as that’s taken care of, then we can start.”
This is called fear. It isn’t fear about saving, it’s actually fear regarding your own ability to continually earn and increase income. You see, it’s the commitment. You like your bank because there is no commitment. It’s like having a friend with benefits. You can get what you need and not have any commitment to the relationship. The Sacred Account is like a marriage. You get the benefits after you commit. And the commitment is a certain percentage of your income every month being automatically taken out of your income. This means you have to keep earning income. That’s where the fear comes from. You’re uncertain about your ability to keep making money.
The level of certainty you have is your fault just like the level of income you have is your fault. Which is why you need to set up your Sacred Account. If you don’t commit and force yourself to save money, thus forcing yourself to handle your ability to earn income. If you don’t confront it now, you will either have to confront it because you put it off so long that something bad happened OR you will never confront it and you will never become wealthy.
You see, what I’m doing when I ask you to save money into your Sacred Account every month is to abandon your comfort zone and cease the victim-based financially habits you’ve been clinging to. And you don’t want to, which is understandable. But I’m telling you, if you don’t handle it, it will cost you your financial freedom. You will settle, begin making sense of your situation, and never build wealth.
The alternative is to start. Pick a number, commit it, and save it into your Sacred Account every month. Then take responsibility for producing the income you will need every month to make it happen. You’ll feel uncomfortable and you’ll be a little scared, but what will happen is that you’ll begin seeing your income increase and your certainty level increase.
The way to help you start saving more money it to just do it. Then learn how to increase your income so that you can sustain it. Commit first, figure the rest out later. Right now I am giving away a 3-day free trial for Wealth DynamX University. For 3 days you will have free access to Cardone University, you will have access to my e-book for free, and you will receive a free coaching call with a Grant Cardone Certified Coach. This will give you the info you need to increase your income and commit to a Sacred Account savings plan. Click here to claim your free trial.
Own Your Potential,
Grant Cardone Certified Coach
Jerry Fetta helps his clients build wealth so that they can eradicate poverty in their own lives and own their potential.
He believes scarcity and abundance cannot co-exist and that the way to end poverty is to help you build wealth.
You were not created to spend 40+ hours per week serving the 40-year-to-life sentence trading your precious time for money just to live in mediocrity.
However, the truth is that time and money must be exchanged. It just doesn’t need to be you making the exchange.
Jerry helps his clients create wealth that exchanges time and money on their behalf. The only way to do this is to make more money, keep it, and then multiply it.
He has helped clients double their income, save $100,000 tax-free, and secure 8-12% fixed annual returns on their assets.
To get started, go to www.WealthDynamX.com/contact