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Everyone has a number that they subconsciously accept. Do you know what yours is? In this episode, David walks through a thought exercise that can radically change the way you think about money—and life. If your income isn't exceeding your expectations, listen to this episode.
In this episode, you will learn:
What is the number you've been trading your time for? When you think about becoming a teacher, it's rare that you sit down and discuss what that choice will bring you financially. A teacher in Canada likely makes between $40,000–$60,000 a year.
That subconscious number will chase you from profession to profession. The New York Times ran two similar ads for the same job—except for one detail. One ad listed the salary at $100,000, and the other was $40,000. The majority of people applied for the $40,000 listing. Why? Because you are preprogrammed with a number, you're willing to trade time for.
Walkthrough this thought exercise...
Draw a stick person with a thought bubble over its head. Write the number that you've averaged over the last ten years. What's the number you've chosen? With the current number, how would you describe your lifestyle? How is your life? Is it suffocating? Limiting? Do you have freedom? Add another zero to your number. What will life be like?
David emphasizes that it takes the same energy to make $300,000 as $30,000. Wealthy people don't have more time in their day. Even worse, people who make $30,000 often work longer hours at worse jobs. If you don't want to become an entrepreneur, write the very best number in the arena you're in.
Then think about how you can add an extra $10,000 or $20,000? Without having to work 24 hours a day, how do you achieve those numbers? You have to overcome the limiting belief that your time is only worth $30,000.
Take it one step further: change your mindset.
David has made over $1 million in a year, and he's created financial freedom. But he had to start by asking himself: Who do I have to become to add a zero? What do I have to think? What do I have to believe? You have to realize that you can have an impact on your number and take responsibility for it.
David had no goal to be a billionaire. It wasn't about getting rich or famous. He wanted to make a lot of money and have a great life as he went. He was clear he didn't want to work in an office 18 hours a day. He didn't want to trade himself for this number.
How would somebody who makes $600,000 a year act? What would they think? Successful people have a different mindset. Some of the richest men in the world didn't even complete school. It wasn't their education that gave them an edge. They had a philosophy of contribution, of taking risks, and of passion. How are you thinking, talking about, and showing up in the world? How do you grow yourself? Your wealth can only grow to the extent you grow yourself.
Up-level your attitude
David goes into every single day with a positive attitude. Having more comes down to how you treat yourself internally and how you treat the world around you. The magic is in what you can control. David became somebody that wasn't a victim of his circumstances or how he felt. He was willing to be positive, vibrant, kind, aware, and generous. As he started to grow more, he had ideas he'd never had before. It was allowing him to open his mind to things he'd never thought about.
If you added that extra zero, start thinking about how you will walk and talk. What would you be interested in? What will you read? What people will you hang out with? How would you sound? How will you embrace that? Give off that energy and notice what happens. It's a better way to live. You don't have to be rich to grow yourself, but you have to develop yourself to be rich.
Connect with David T. S. Wood4.8
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Everyone has a number that they subconsciously accept. Do you know what yours is? In this episode, David walks through a thought exercise that can radically change the way you think about money—and life. If your income isn't exceeding your expectations, listen to this episode.
In this episode, you will learn:
What is the number you've been trading your time for? When you think about becoming a teacher, it's rare that you sit down and discuss what that choice will bring you financially. A teacher in Canada likely makes between $40,000–$60,000 a year.
That subconscious number will chase you from profession to profession. The New York Times ran two similar ads for the same job—except for one detail. One ad listed the salary at $100,000, and the other was $40,000. The majority of people applied for the $40,000 listing. Why? Because you are preprogrammed with a number, you're willing to trade time for.
Walkthrough this thought exercise...
Draw a stick person with a thought bubble over its head. Write the number that you've averaged over the last ten years. What's the number you've chosen? With the current number, how would you describe your lifestyle? How is your life? Is it suffocating? Limiting? Do you have freedom? Add another zero to your number. What will life be like?
David emphasizes that it takes the same energy to make $300,000 as $30,000. Wealthy people don't have more time in their day. Even worse, people who make $30,000 often work longer hours at worse jobs. If you don't want to become an entrepreneur, write the very best number in the arena you're in.
Then think about how you can add an extra $10,000 or $20,000? Without having to work 24 hours a day, how do you achieve those numbers? You have to overcome the limiting belief that your time is only worth $30,000.
Take it one step further: change your mindset.
David has made over $1 million in a year, and he's created financial freedom. But he had to start by asking himself: Who do I have to become to add a zero? What do I have to think? What do I have to believe? You have to realize that you can have an impact on your number and take responsibility for it.
David had no goal to be a billionaire. It wasn't about getting rich or famous. He wanted to make a lot of money and have a great life as he went. He was clear he didn't want to work in an office 18 hours a day. He didn't want to trade himself for this number.
How would somebody who makes $600,000 a year act? What would they think? Successful people have a different mindset. Some of the richest men in the world didn't even complete school. It wasn't their education that gave them an edge. They had a philosophy of contribution, of taking risks, and of passion. How are you thinking, talking about, and showing up in the world? How do you grow yourself? Your wealth can only grow to the extent you grow yourself.
Up-level your attitude
David goes into every single day with a positive attitude. Having more comes down to how you treat yourself internally and how you treat the world around you. The magic is in what you can control. David became somebody that wasn't a victim of his circumstances or how he felt. He was willing to be positive, vibrant, kind, aware, and generous. As he started to grow more, he had ideas he'd never had before. It was allowing him to open his mind to things he'd never thought about.
If you added that extra zero, start thinking about how you will walk and talk. What would you be interested in? What will you read? What people will you hang out with? How would you sound? How will you embrace that? Give off that energy and notice what happens. It's a better way to live. You don't have to be rich to grow yourself, but you have to develop yourself to be rich.
Connect with David T. S. Wood