About This Blog

Hi. Welcome to my blog! I originally designed this blog to share my experiences in the world of network marketing. If you look back over the posts, you'll see it has evolved over time. I explain the evolution of my blog in the post on niche widening. I decided to leave the old posts so that readers could get a sense of what I was describing in that post. I hope you enjoy my entries. Comments are always welcome, as are e-mails to theameriskeptic@gmail.com.
Showing posts with label building your future. Show all posts
Showing posts with label building your future. Show all posts

Saturday, June 5, 2010

The Power of Consistency

"Greatness is doing the simple things consistently every day. Inconsistency is the killer of success." -AmeriSciences leadership.

In the race between the tortoise and the hare, I've always been the hare. I need to work on being the tortoise; or at least a more consistent hare. I guess I'm a product of my environment. Or maybe it's my personality. I've been a very successful hare, mind you, but I believe in the power of consistency. Back to Trump's quote from a past post, people only want what they can see, and they want to spend money on things they can see. I spent money on AmeriSciences because I could see and feel that the products improved my life, and I saw that others had been very successful building wealth in the company. But like many people, I became easily frustrated with the process. I wanted the magic fix--for my life to be transformed overnight. Who doesn't, right? But I know that's not real life, and I bet you do too. The following story illustrates the power of consistency, patience, and small changes in the area of building wealth.

Let's say you were offered 2 options: 3 million dollars, or a magic penny that doubled in value every day for 31 days. Which would you choose? Most people would probably pick the 3 million dollars, because they can see the value in it. But let's take a closer look:

Day             penny option            3 million option
1                  1c                           3 million dollars
5                  16c                         3 million dollars
10                 $5.12                     3 million dollars
If you picked the penny, are you regretting your decision yet? Do you want to throw in the penny?
20                 $5,243                    2.2 million dollars
Probably feeling a little better, but still a long way to go, and only 11 days left!
29                 2.7 million                1.8 million
30                 5.3 million                1.8 million
31                 10,737 million          1.8 million

These numbers are real--feel free to check them out yourself. Even if the 3 million option did not go down (no spending), which choice was better? Would you have ever believed it on day 1? 5? or even 20? The same principal applies to building your business. Once it starts to grow, you build momentum. That's why they say it's harder to go from sponsoring 0 to 10 people than 100 to 1000.      

It's the small steps in life that matter...you just have to take the first step, and the next, and the next. Keep going until you see progress toward whatever your goal is, whether it's in the area of health, wealth, or something else. What steps have you taken toward your goals today?

The financial state of Americans: "People who are wealthy use money to build wealth, people who are not wealthy use money to buy things." -Donald Trump

Apparently 56% of people in the United States make $26,000 a year or less, and the average person over the age of 65 has less than $10,000 in the bank. Scary! Do you know most people will spend money--even money they don't really have (i.e., credit) to buy fancy cars, televisions, gaming systems, etc., but these same people will not spend or borrow the same amount of money to invest in a business? Yet a lot of people say they want to go into business for themselves--to gain financial independence, to release themselves from the daily grind. Most people don't know where to start, and are reluctant to make an investment under those circumstances. Network marketing is a way to help more people obtain this goal, with limited financial investment. (At least in AmeriSciences, the investment is much less than a typical business.)

In the training, they talked about the book "Rich Dad, Poor Dad" and the four quadrants of wealth/work that people fall into. Most people are employees. Many of these people would like not to be employees. Several break free to move into the next quadrant, self-employed, only to find that their business runs them, instead of the other way around. I started AmeriSciences somewhere between the first two quadrants (part employee, part self-employed). Financial independence comes in the next two quadrants--business builder and investor. The idea behind network marketing is to help people move from the quadrant they are in to the quadrant the want to be in.

Ask most people the following three questions (from AmeriSciences leaders), and what answer do you think you'll get?

1-How much money have you saved and invested for the last five years?
2-How many books have you read over the last 90 days that will help you advance?
3-How many classes have you taken?

My bet is you'll average 0 (or close to it). We live in a hear-and-now society that gives little thought to the future. Most people want to build their future, but don't know how.

As a solution to #2, they recommended the following books, which I need to check out:
"Think and Grow Rich" by Napoleon Hill
"The Richest Man in Babylon"