The Most Powerful Habit for Freelancers & Solopreneurs
Doing this One Thing Will Improve Every Area of Your Business
You’ve probably heard the phrase, “It takes money to make money.”
This is true–sort of.
Money has some interesting characteristics. Understanding these characteristics is a powerful step toward becoming a successful home business owner. Not understanding them, though, can be disastrous.
Here are two steps to take with your personal finances, which I learned from an audio course by Brian Tracy. As you start developing this powerful habit in your personal life, some very interesting things will start to reflect in your freelance business, as well.
See also: How to Live Like a Millionaire
Money Goes Where It Is Valued
The first characteristic of money is that it tends to go where it is valued. It tends to flee from where it is not valued.
How much do you value the money that you have? It’s really pretty easy to see how much value people place on their money. You simply look in their wallet.
If your wallet looks like someone threw up in there, with your bills all crumpled and mixed up and everything all askew, you haven’t yet placed much value on your money. If that’s the case, then you likely have very little idea of how much money you have received and how much you have spent. You probably find that you can’t find money that you thought you had.
On the other hand, if you look in your wallet and you see that your bills are all nicely organized according to denomination, with everything in its proper place, then you probably have placed a high value on your money. You likely have a very good idea of how much money you have at any given time. Your wallet is a place where money will tend to be attracted to. And, you may find that money comes to you unexpectedly.
Likewise, if your finances in your home business are organized, you will find that more money will tend to gravitate into your home business.
Begin Accumulating To Continue Accumulating
The second characteristic of money is that, once you begin accumulating money, it will tend to continue to accumulate for you. And, the more money you have, the faster it will accumulate. As long as you are accumulating it with the desire to let it grow, it will tend to keep growing.
The nice thing about this characteristic is that you can start out by accumulating a very small amount of money, and the same rule will still apply. Even if you begin by accumulating only 10 or 25 cents a day, it will start growing. And, it will continue to grow as along as you don’t stop the accumulation by spending it.
In your home business, if you set aside a special fund for the sole purpose of accumulation, you will find that begins to keep growing.
A Powerful Habit
So, here are two extremely simple parts of a powerful habit you can form that will put your path toward becoming a millionaire on autopilot.
First, Organize Your Money
Figure out how much cash you have and how much you have in the bank. Organize the bills and coins in your wallet and keep them organized. Begin keeping track of how much money you receive, how much you spend, and how much you have left over.
Make your awareness of how much money you have so strong that someone could wake you up at 3 o’clock in the morning and ask you, “How much money is in your wallet?” and you could tell them without thought. The same goes for “How much money do you have in the bank?”
Second, Create A Millionaire Fortress Fund
Get a large fruit jar (clean it out first). Label it as “My Millionaire Fortress Fund” or whatever you like. Decide on an amount of money that you will commit to putting into the jar every day. It can be ten cents a day, a dollar a day, or whatever sounds right to you. Then, just DO IT. Drop your ten cents or dollar into the jar every day, without exception. At the end of each week, take the money from the jar and deposit it in a savings account.
An interesting thing will happen. Suppose you decide to put a dollar a day in your Millionaire Fortress Fund. At the end of 30 days, you won’t just have $30. You’ll have $35 or $40. At the end of 60 days, you’ll have $80 or $100, instead of just $60.
Some days you may find that you have more money in your pocket than just a dollar, and you’ll drop that in, too. You may find money lying on the ground, or someone may give you some unexpectedly. You’ll drop at least some of that in the jar, also.
One day, you’ll have enough money coming in, and your finances will be in good enough shape, that you’ll decide you can actually put $1.50 in each day instead of just $1.00. Before you know it, you’ll have hundreds and even thousands of dollars in your Millionaire Fortress Fund.
Then, when you least expect it, an opportunity of some kind will present itself to you. None of us can say now what that opportunity might be. But, this opportunity will allow you to increase your Millionaire Fortress Fund quicker than you ever thought possible.
And there you have the most powerful habit that you can put in place as a freelancer or solopreneur. Doing this will reflect powerful returns in other areas of your business.
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