Wednesday, March 26, 2008

Checking Money-Making Potential Pt. 1

When an Estate Agent shows you around an old wreck of a house, they don’t tell you about the peeling wallpaper or lack of flooring. No, they tell you about the *potential* of a house. They want you to believe in the possibility of what you could achieve if you just put your mind to it. And let’s face it, they do that because a great many people will spend money on something that isn’t actually there - potential.

What is potential? It’s the actualisation of your vision and your hard work, not just in a house or flat, but also in your money-making life.

Just as a damp, peeling wreck of a house can be turned into a “Homes and Gardens” special with the application of thought, vision and hard-work, so your damp, peeling wreck of a financial life can be turned into a debt-free wonder through the same process. You certainly won’t achieve either of these goals by simply sitting down and doing nothing (that roof won’t fix itself, young missy!), but by working hard and seeing your potential, you have every chance of success.

You need to put a little work in, though. That’s the start of the process. So here’s what I want you to do:

  1. Put on some relaxing music and fix yourself a drink of your choice (I highly recommend tea, but I’m English, so no surprise there!).
  2. Take the nicest sheet of notepaper, and the nicest pen you have and write a big, fat “1″ at the top of the paper.
  3. Now, think about all the things that you *can* do. Not necessarily the things that you enjoy doing most (although those should come first if you are in the right frame of mind) and write them down on your paper. This list can include things like “using a computer” or even owning a lot of stuff that you could Ebay. Write down your *potential*. Imagine that you are the Estate Agent, selling your life on your potential.

I’ll be doing this exercise myself tomorrow and posting the results so that you can see how I categorise my own potential. At the bottom of your list of potential, I would like you to write the words “I have the potential to be wealthy, successful and happy”. Underline it. Draw little flourishes underneath if you like. Feel good about the words….


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