To allow you to live your best life, it is crucial to succeed in all the main areas of your life. And possibly the most important is in your financial wellbeing.
The more money you have, the more you will be able to help yourself and others.
This is where the Law of Compensation comes in which I will borrow from Bob Proctor.
There are 3 steps to attracting great compensation aka income:
1/ The need for what you do
2/ Your ability to do it, and
3/ The difficulty in which you can be replaced
Of these three, there is one which you must pay particular attention to, where you must devote over 90% of your efforts.
Let’s look in a little more detail.
1/ The need for what you do. You can be pretty sure that there are a great number of people in the world that are on the internet and have a need for your product or service.
A quick online search will soon give you a good idea of the popularity of your product or service.
A tip here: Do not be a pioneer. Go for what works as proven by its popularity in the online marketplace. Trying something new may possibly return you a fortune but most likely will leave you broke and disheartened.
And another tip. Make sure that it something that you are really passionate about. Something that you would still do if you were doing it for free.
2/ Your ability to do it. This comes down to time and devotion. If it is something that you love then you will enjoy the journey.
Many people think that their education finishes when they leave the schooling system. Those are the ones that do not progress far in their life.
The ones that are continually learning and growing will succeed in their endeavours by having a target and going for it.
It is said that you need to spend about 10,000 hours to become an expert or master in any given field.
That sound like a lot but don’t be deterred. You can get pretty good in way less time than that.
Consider the 80/20 rule. You will be 80% of a master in only a matter of months!
3/ And how difficult will it be to replace you when you are a master in your chosen field AND you absolutely love what you do?
Easy question to answer, right.
So there I have covered the 3-step plan. Now you can get started right away to start to generate a great income and have an awesome time doing it.
Dream big and take action 👍
Scott 😃
Scott Lane – Founder BuildMyLifestyle
Digital Entrepreneur and Lifestyle Coach
SFM Elite+ / DEA Mastermind Experience Member
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