6 years, 3 multi-million dollar companies, 10 million dollars, and dozens of useless cars later, it still feels like I got more to do. The work never ends (I guess that’s a good thing otherwise I’ll go crazy), I work over 12 hours a day, and yet, I still love this business more than anything.
During these years, I’ve made dozens of mistakes and since I’m here to rant, I’m going to share 7 of them with you to help you, the future millionaire, to not make them.
A quick disclaimer: this is just some pure advice from a guy who has been through it all. I’m not a financial adviser but I’ve learned a lot from my mistakes in these years, so it’s up to you to apply them into your own life or not.
The More You Earn, You’ll Have Less Time For Yourself
This has been one of my biggest challenges in the past year or so. The more money you earn, you invest more of your own mental health and capacity into your business, which results in less time for yourself, and doing what makes you happy. It’s important to have a balance and the best way to do it, is to remember WHY you’re doing it. If your goal is to just make money, you will never be happy.
Remember that your goal is to make money to have a better life. So learn to enjoy the small wins, and take care of yourself more than anything else in your business. One of my favorite activities is to bike in the mountains and I do it every week. It helps me to clear my mind and perform better when I need to focus on my business.
Invest Most of Your Earnings Back Into Your Business
Want to make serious money? Then you will need to be patient. Learn to invest your earnings back into your business and focus on the growth, not your pocket. This is easier when you start but as your profits go up, you’ll be tempted to keep some of that money, but remember, your goal is much bigger than a couple of thousands of dollars, so keep investing until you earn at least a nice $30,000 a month from your business.
Learn From Everyone, No Matter How Ridiculous They Sound
One of the biggest lessons I learned was to listen to other people in this business and learn from them, no matter how ridiculous they sound. As your business grows, your ego grows with it and it’ll be harder and harder for you to listen to people, specially people who seem to make less money than you. This is a bad attitude and cost you millions of dollars. Don’t be afraid to learn, even when you think you know everything!
Patience is The Key to Success
I’ve known dozens of people with huge potential to start their business right around the same time I started Aversity or Actionate but non of them is making the monthly six or seven figures I’m generating with my businesses and it’s just because they were not patient enough to see the fruit of their work.
When you build something, you need to give it enough time to grow and work and this requires patience and persistence.
Work Smart, Not Hard
I’m sure you’ve heard it all over the place, but working smart is the key to a productive business. You need to focus on saving your time for important subjects such as the overall strategy of your business and try to hire people to do the small things for you.
For example, one of our oldest members who joined the Done For You Program was a school teacher. He didn’t have much time to set up his business, so he paid a couple of VAs online to set up his business and 4 months later, he started making some serious money from the Aversity High Ticket affiliate program.
The point is that you don’t need to know everything or do everything in your own business to be successful. You can just hire people do work for you.
Diversify Your Wealth
Wealth diversification is a subject I’ve touched on multiple times in the past couple of months, mainly because I’m becoming more comfortable talking about it. I’m not a financial expert or licensed broker so I don’t want to get too technical, but it’s always great to diversify the money you earn in different assets. Some people invest in real estate, some (like me) invest it in stock market, gold and of course, other businesses.
It’s really about what you want to do with your money, but diversification is going to ensure that your wealth is disaster proof and no matter what happens to one of your businesses or sources of income, you will always have a backup plan.
Let Your Haters Inspire You
Here’s the harsh reality of becoming wealthy, specially from the internet: there will be people from time to time who won’t like you, and will do anything to demoralize you. The truth is that this comes with the package and you can’t do anything about it.
From my personal experience, you get used to it after a while, but the best way to deal with it, is to get inspired by it. Learn to not think about it and focus on what you want to build for yourself, the people you love and people who invest in your business, products…
Thank you for reading this article. Don’t forget to share your feedback in the comment section and let me know if you’d like to read more content like this on Aversity blog…
Also, if you’re not an Aversity member yet, the Gold Masterclass program is the best way to get started. This program will provide you with a dedicated coach, the best online business training course in the world, a community of experts and members, and more importantly, a high ticket online business system that can pay you commissions up to $4,000 per sale!