How do you start with your sacred account?
What is the first thing you should start with?
Income!
Why is the income so important?
Listen to what Jerry Fetta has to say about it!
The first thing that I want to solve with this sacred account, and this one might sound unorthodox, is actually income. Okay, this is the first problem that I'm solving with the sacred account. Doesn't matter where I'm at. This is my first reason why I ever signed up for one. I wanted to earn more income. What's the number one way to earn more income?
Create demand for it. Who's ever had this experience where your bills go up? You get a new car or you get a mortgage or you have kids and all of a sudden your fixed monthly expenses raise and you're like, Shit, I need to keep up with this. And all of a sudden you start getting creative, you start thinking about solutions and how do I make more money and how do I pull in more opportunities?
That's called income demand in the car sales industry. They use this with their salespeople. If you've ever noticed, the salespeople all drive a car from the dealership that they're either leasing or they're financing because the dealer wants them to have that payment. That payment gives them incentive financially. It gives them, you know, positive incentives. Like, I got a reward, I'm driving a nice car, but also a negative incentive.
If I don't make enough money, I've got a car payment next month that I'm going to have to deal with. I better go make more sales. Hey, this gets you out a comfortable so when I do my sacred account, I'm not looking at what's the what's the minimal amount of money I can put in. I'm looking at what's the maximum I can put in without something bad happening.
That's the mindset, the differences, right? Minimal. I'm trying to protect. I don't want to go too far. I'm being very conservative. I want to stay comfortable. I don't want any problems versus the expansion mindset of I can put in 25% of my income. Great, let me do it. I'm going to figure out how to have the money for The second one forces me to create the ideal thing, which is earn more income, not live below my means, not think about the downside.
Like actually like go make more money. And because of the fact that I've got a fixed monthly automated force savings plan happening, that's what the sacred account is. You know, my first one, I did, you know, 500 or 1000 bucks a month every month, boom. I had to make sure that that was there. Okay. And I did I would go make more money because of it.
And so that's the first thing we're solving, is earning more income every single one of us on this call need to earn more income. Doesn't matter if you're making half a million a year or $50,000 a year, you're not making enough income right now. You need to earn more. That has to be in the mindset because there's more to earn.
They printed it literally printed every single day. So why don't we go get more? Okay. So one of the ways to do that without getting lost in the mechanics is give myself a problem, a financially like recurring automated problem that I have to go make the income for.
► To get a copy of my book Blueprint To Financial Freedom go to: https://store.jerryfetta.com
Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on over 80 podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O'Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.
Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.
