What’s the cost of your lifestyle?

Hello, my friend and future millionaire.

We’ve put together a couple of lists, some of the things that you don’t like that you want to delegate to other people, and also we put together a list of things that you want to handle yourself that you enjoy doing. 

We also looked at what a dream work day would look like for you.

Now that we covered all that you may be wondering why I’m always having you write a list and having you looking at a bunch of things but there is a reason.

There’s going to come a time when the world throws you off track and you must be able to find your way back on course so you’ll have the lists as a guide to get you there. 

Don’t worry, you’ll soon have the list memorized after you look at it so often! 

It’s time to determine what it’s going to take to buy your life back because everybody has a price tag on the lifestyle that they want. 

In other words, if you’re somebody that works a job right now, you have traded your life for $30,000 to $50,000 a year and you’re willing to give those people 40, 50, or 60 hours a week of your life to get that money. 

And what you do with that money creates your lifestyle. 

To maintain the lifestyle you have already created we must know the amount of money you need to earn in your new business to be able to walk away from the job you have but still be able to fulfill your financial commitments.

Now, I know what you’re thinking: “Well, if I could just double my income, that would do it.”

Here’s a few things I want you to take a look at first. 

Number one, do you have a 401k where you work and are you putting money into that out of every check?

That money is towards your retirement, but I’ll be the first one to tell you that retirement is not an age the way everybody thinks; retirement is a financial statement. 

Here’s a prime example: If you’re somebody that makes $30,000 a year and we put that income into building an online business and all of a sudden, instead of $30,000 a year, you’re making $30,000 a month, it kind of eliminates your financial problems.

So one of the things we want to look at is that life is a seven day a week event; Every day that you’re alive you’re spending money doing something. 

The problem with your income now, and the reason you’re not where you want to be financially, is because you get paid once a week and you try to get ahead on that money with planning & budgeting.

We want to build an online business that gets you paid every day, and then start building your wealth around that. 

Now, most of you think, “Oh, I bring home this much money a week,” $500, a thousand, whatever you bring home.

Well, that’s not necessarily true, because you only work Monday to Friday. 

Let’s start looking at your life and what it costs Sunday to Sunday, so that everything you do on the weekends, your hobbies, and going out to eat and all that kind of stuff, is included in your lifestyle. 

As we put this plan together, I want you to focus on paying now and not using a credit card to pay when you go out to eat or other social events like that.

When you pull up to the pump, even though you stick a credit card in the pump, are you still able to pay that bill every month? 

In other words, the credit card you’re using to put gas in your vehicles, does it have a zero balance?

Same thing with the card you use when you go out to eat, even if you pay with a credit card, does that credit card have a zero balance when the bill comes or did you just add to your debt? 

These are the areas to examine if you’re going to implement changes that enable you to buy the lifestyle that you’re looking for. 

This is just something to make you think, there’s no right or wrong answers here so I don’t want you to feel beat up. 

I realize this is one of the hardest exercises that you ever do when you’re actually looking at all your finances so I try to space out the tough financial lessons so they don’t come back-to-back in my coaching. 

You do have to be brutally honest with yourself about the way you spend money. 

I’ll tell you when I did this, and there’s times that I still do it, that I don’t like some of the answers. 

It takes change to be able to build wealth and become financially free.