January 30th, 2023
5 lies that kept me broke
Several years ago, I was a young salesperson living paycheck to paycheck. I wasn't able to go out on a date (or by myself) without having to check my hank account first or plan for the future. I wasn't able to make investments, take care of anyone - let alone myself - and I didn't have a lot of options.
Then suddenly, I became a top 1% income earner as a sales professional. I quickly eliminated debt and was able to save up hundreds of thousands of dollars in the bank, buy fancy cars and eat expensive dinners - without having to consult my banking app.
Today, I run a multimillion dollar business and have several investments that provide my family with additional income. I'm free to do what I want, when I want.
Although I don't have enough money to purchase entire social media companies for tens of billions of dollars like Elon Musk, my family and I do live an incredibly comfortable life.
Over the years, I've spent a lot of time studying my own financial evolution in an attempt to understand why I was able to go from earning $40,000 per year to joining the top 1% - so I can help others do the same.
Ultimately, the main difference between being broke and being rich boils down to your belief system.
Here's the 5 lies that kept me (and most others) broke:
Lie #1: 'I'm talented - opportunity and success will come to me - I don't have to work that hard!'
This may be a tough pill to swallow for you - like it was for me - but the truth is that if you're not being compensated like a true professional, you aren't one. Regardless of how 'good' you think you are, you are going to have to put intentional effort on developing your skills.
Lie #2: 'I don't need to invest in mentors and coaches, I'll learn from experience.'
When I was broke, I never paid for coaches or mentors. I thought I would 'learn the hard way'. All I ever found were hard times. When I decided to make personal investments into books, courses and programs, I was subconsciously validating that I was worth investing in and that I could improve. I have never found an investment in my personal development to be a waste of money.
Lie #3: 'I'm comfortable with the friends I have, I don't need to network or build any new relationships.'
I hate to break it to you, but losing 'friends' is part of leveling up - especially when it comes to substantially increasing your net worth. Remember, if you have 4 rich friends, you're likely to become the 5th.
Lie #4: 'That's too big of a risk, I'll just stay where I'm at.'
Before pursuing entrepreneurship and starting my own businesses, I had to leave a sales job where I was earning $500,000/yr. Taking off the platinum handcuffs was no doubt one of the biggest risks I've ever taken. But I would never be where I am today if I decided to stay where I was.
Lie #5: 'That's unrealistic.'
It was hard to picture myself driving a new Porsche while I was driving a beat up Nissan - until I created a goal to actually make it happen. It was difficult to imagine earning several hundred thousand dollars in a year - until I created a goal and plan to making it happen. Becoming a millionaire was impossible until I believed that I could make it happen. Ultimately, you have to remove your limiting beliefs and live life in alignment with your goals.
My life changed dramatically when I stopped lying to myself and removed self limiting beliefs. Identifying the lies you are telling yourself is critical to your personal growth and development.
If you're interested in taking your career or your business to the next level, fill out the form below and my team will be in touch. We look forward to providing you with the information you need to make the best decision moving forward.
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Written by Jordan Stupar