Can You Get Rich with an Online Business?
What’s your thought on the question?
Can you really get rich with an online business?
I’m sure most of you have heard of someone who got rich with an online business.
You may have seen someone do it on TV.
You may have even read about a “turn key” system to make money overnight.
But does it really happen?
And if it does, what’s held you back from jumping on that band-wagon?
I guess the first question I’d have for clients that want to “get rich” with an online business is this:
What does “rich” mean to you?
I recently came across an article that talked about wealth. Now, to me, wealth and rich are similar, but they’re not the same. I’d say professional athletes are pretty rich. But if you haven’t heard, some of them go bankrupt or back to the paycheck to paycheck status once they retire because they’ve never been taught how to handle their money effectively.
According to Thomas Corley, here’s how wealth is defined:
In my five year study on the daily habits of the wealthy and the poor I set the bar for the wealthy to include two things:
- An annual income of $160,000 and
- Net Liquid Assets of $3.2 million
So wealth is a little more than just getting paid a lot of money – it’s about net worth too.
My hope for people looking to “get rich” is that they take time to understand and define for themselves what “rich” and “wealth” really mean; then they need to map out a plan on how they are going to get there.
I used to work with clients all the time that were looking for the “get rich quick” online business. Luckily, I’d had quite a bit of experience working with truly successful online marketers and was able to direct them down paths that helped them succeed in different ways.
So my answer to the question: “Can you get rich with an online business?”
But it’s more than just the online business that will make you rich/wealthy. It’s the mindset. It’s the day to day habits.
This list is something you should print out and review daily to see if you’re on the right path:
The Ten Keystone Rich Habits That Will Make Your Rich:
- Wealthy individuals have eliminated most of their bad daily failure habits and replaced them with good daily success habits
- Wealthy individuals set daily, monthly, annual and long-term goals. They understand the difference between a wish and a goal. See my Free Goals Report
- Wealthy individuals engage in 30 minutes a day of daily career-related reading.
- Wealthy people are healthy people. They exercise aerobically 30 minutes a day, four days a week and stay below their “caloric threshold” (This is the number of calories consumed each day that will neither make you gain weight nor lose weight). For men this ranges from 2,000 calories a day to 2,600 calories a day. For women this ranges from 1,500 calories a day to 2,100 calories a day.
- Wealthy individuals manage their relationships every day. Strong relationships are the currency of the wealthy. They employ certain strategies to grow their relationships such as: “The Hello Call”, “The Happy Birthday Call” and “The Life Event Call”. They use a specific strategy to help them increase their Rich Relationships and eliminate their Poverty Relationships.
- Wealthy individuals live each day in moderation.They eat in moderation, spend in moderation, work in moderation and play in moderation.
- Wealthy individuals complete at least 70% of the tasks on their daily “to do” list.
- Wealthy individuals engage in “Rich Thinking”. They are upbeat, positive and focused on achievement.
- Wealthy individuals save a minimum of 10-20% of their income and live off of the remaining 80-90%.
- Wealthy individuals control their thoughts and emotions, every day.
Poverty Habits That Are Keeping You Poor
- You watch more than one hour of T.V. a day.
- You spend more than an hour a day on recreational Internet use (Facebook, Twitter etc.)
- You eat more than 300 junk food calories a day.
- You drink more than two glasses of beer, wine or hard alcohol a night.
- You drink more than 12 ounces of non-diet soda a day.
- You don’t exercise aerobically a minimum of 30 minutes a day, four days a week.
- Your relationships are on an “as needed” basis. You only reach out to your friends to socialize or when you have problems and need their help. You don’t call them just to say hello, happy birthday or to congratulate them or console them when something happens in their lives. In other words, you ignore them unless you need them for something.
- Procrastination is the rule rather than the exception. You don’t maintain a daily “to do” list, or if you do, you don’t accomplish 70% or more of your daily “to do” list each.
- You devote very little time to your career beyond working. You do not read a minimum of 30 minutes a day of career-related reading material.
- You do not network or volunteer a minimum of 5 hours a month.
- You do the bare minimum at work. You have “it’s not in my job description” syndrome.
- You talk too much and don’t listen enough. You violate the ”5 to 1 Rule” (Listening for 5 minutes for every 1 minute of talking).
- Oftentimes, you are putting your foot in your mouth and saying inappropriate things.
- You are not generous with your time or money with respect to your relationships.
- You are a spender and not a saver. You don’t save 10% of your net income every month. You violate the “90 % Rule” (Pay yourself first 10% of your net pay and live off of the remaining 90% of your net pay).
- You spend more than you earn and your debt is overwhelming you.
- You don’t control your thoughts and emotions on a daily basis. You lose your temper too often and belittle others too much.
- You think a wish is a goal. Goals require a specific physical activity, otherwise they are just wishes and wishes don’t come true.
How are you doing on this list?
What do these tips make you think about?
Are you ready to commit to a more healthy and wealthy life?
Comments are welcome!