Monthly Archives: January 2015

The “Value” of Working for Nothing!

This may be one of the most profound perspectives I’ve ever heard when it comes to wealth creation.

Your value is not determined by what you or anyone else thinks that an hour of your time is worth.

It sounds very simple and even seems to lack depth. But don’t underestimate the truth to this thought. As our income, and therefore our market value is considered, we automatically think that what we are paid is our “value”. This is not the case at all. The value of the job or task we do is what determines the value of an hours worth of our time. Most of us have skills and abilities far more valuable than our hourly pay, but because of the market value of the task we are doing, we are stuck with that as the value of our time.

In my early wealth creation efforts, I went from a $30 hourly pay to $7.50 per hour without worrying about it much. This was because I knew that neither represented my “Value”. Those rates simply represented the value of my work at a specific task. One of dealing in medical equipment and one in flipping steaks at a restaurant.

Now, after a few years in the wealth creation business……………….

I would pass up $50 per hour, and instead, I will work for nothing! 

How can that make any sense?

Let me explain. My time and abilities are far more important and valuable than $50 per hour (or even $100 per hour for that matter) I will work for nothing to create or improve an income producing asset! Why? Because once an asset is placed into service, IT, not me, does all of the work. This enables me to move on to create or improve the next asset. And then the next and the next. If I stop working, they keep working. If I go on vacation, they keep working. If I retire, they keep working. If I pass them on to my kids, they keep working.

When you hear the term that: “The wealthy think and act different from everyone else”, this is one of the ways that they do things differently. Their value is not governed by their job or their pay no matter what it is or how good or bad it is. They will never receive a proportionate value in terms of pay or wages. Their creative ability to produce assets of value is their true financial “Value”. And that value has no limits!

My Point Exactly!

This was just way too convenient, timely and funny to pass up! It was only about two hours after my last post about the things I can’t relate to any more (Click here to see the article) when I got an email that was a case study on one (actually several) of my points in that posting. Before I go in to the details, I must make a couple of things very clear. First, i would rather see someone not spend money they don’t have rather than spend money on things they truly can’t afford. Second, even though this relates to one of our resorts, I’m not at all offended by it or upset that this person feels they can’t afford our cabins (treehouse cabins to be exact)

treehouses in bransonThis story starts with one of the subscribers to our treehouse news and updates. I remember her when she subscribed because of her unique name, plus, she was a mutual friend of one of my long time friends and she was very excited about the treehouse cabins and followed our updates and pictures very closely. I sent a simple “Happy New Years” message to our subscriber list on New Years Eve and by this morning she had un-subscribed (very graciously) by saying “I could never afford to stay there”. This statement is a version of the “I can’t do it” mentality on my list of things I can’t relate to any more. Now maybe this was just her way of stopping the updates, but it’s just as easy to click the stop updates button without sending a reason for doing so. So i’m going to assume for the sake of discussion that she really believed that it was something she couldn’t afford.

Here’s the facts. She had subscribed early when we were promoting free night give-away’s (as did many of our early subscribers) During our updates which are really only about every two months, we have published all of our plans, construction schedule and pricing. This includes everything from luxury cabins down to basic cabins that range in price from $189 per night down to $50 per night. Plus, as a subscriber, we publish additional discounts and give away free nights to random members on the list.

On my “I can’t relate” list, I mention the “I can’t do it” mentality. I believe this mindset quietly builds a cage around our hopes and dreams to the point where nearly anything seems impossible. It even overlaps into the other “I can’t relate’s” such as small thinking, pessimistic views, reluctance to make decisions and other areas. I feel badly for her, mainly because she really was excited about the treehouse cabins. Even though as a subscriber she had been eligible to win a free night, it appears that our updates really were just a reminder of a hope that was perhaps just too far out of reach. I don’t know. I just can’t relate to that any more!

I suppose that if you can see yourself staying in a treehouse cabin for somewhere between zero and $189 you can subscribe to our updates at our website at Branson Treehouse Adventures.

I Can’t Relate Any More!

For some strange reason, I found myself getting irritated the other day and I think it started with me fighting my way through traffic trying to get to the airport. I know it wasn’t actually the traffic, it just happened to hit me in a way that reminded me of back when I was working as a sales rep and constantly fighting my way through traffic. It was a flash back! And it took a couple hours to recover from it! It made me think of how things have changed so much in the past few years. This experience was something I could no longer relate to and it wasn’t a bad thing. I began to think of other things that I have trouble relating to any more and discovered there are quite a few of them. Here are a few.

I can’t relate to alarm clocks any more. Not that I don’t use one from time to time. They just don’t govern my schedule like before. My wife Shelley asked me once when I was going to wake up. I said I planned to sleep until I woke up. She laughed and said “Everyone sleeps til they wake up.” I said I was going to sleep until “I” wake up, not until something wakes me up.

I can’t relate to working for a paycheck any more. I think I work just as hard as anyone else (mostly) but I don’t remember the last time I received a paycheck based on the work I had done that week. It’s one of the subtle differences I see now that I couldn’t see just a couple years ago. It’s one of the wealth principles that remain a mystery for most people their entire lives. If they really understood it, they would be furious about working for wages. (including salaries and commissions) When I work, it all involves creating another asset that produces income long after I quit working on it. I never get paid when the work is being done. The pay starts the day the work is completed and just doesn’t stop. It’s the accumulated effect of income producing assets that creates wealth, not the accumulated effects of paychecks.

I can’t relate to dragging out decisions related to opportunities. Learning to recognize opportunities is a skill that has to be developed by doing it. Most opportunities are missed because of hesitation and lack of action. Hesitation and lack of action is a symptom of not being able to process the pros and cons of an opportunity quickly and accurately. That is a symptom of lack of experience, including both good and bad experiences. Watching people lock up when it comes to seeing and then acting on an opportunity just makes me shake my head. I can’t relate to that!

I’ve finally reached the point where I can’t relate to small thinking when it comes to investing and wealth creation. Obviously, the size of our thinking is relative and I’m mostly referring to “small” as things that are in the hundred thousand dollars or less category. Everyone says they think big, but my response is “When is the last time they did an income producing investment deal over $100k? or even $10k for that matter (personal residence excluded). Doing anything on that small of a scale doesn’t get my attention anymore. I can’t relate to it.

I can’t relate to an “I can’t do it” mentality. An “I can’t do it” mentality stems from a belief that “I do not have the resources” or “I do not have the skills” or “I do not have the connections” or some other “i do not have”. Sadly, even among my closest friends, I hear “i can’t do it” or some rendition of that, all the time. I’ve gotten a little bit hyper-sensitive to it lately and it kind of disturbs me. I never realized just how prevalent that mindset is. If you have something you want to do….FIND A WAY….for crying out loud! Figure it out! I’ve come to realize that most of my “thinking time” involves trying to figure out how to do things that are beyond my abilities, resources or knowledge. Honestly, I don’t always find the solutions, but its not because of the “I can’t do it” mentality.

I can’t relate to a pessimistic outlook on life. I believe that pessimism comes more naturally to most of us than optimism does, myself included. Engaging life from an optimistic perspective is a lot work if a pessimistic attitude prevails. It’s taken years to develop a truly positive and optimistic outlook on life and business for me and I honestly believe that’s the perspective I have now. I’m certain of this because now days when I’m around negative and pessimistic talk (no matter who it is) it all sounds like fingernails on chalk boards to me. I can’t relate to it!

These are all just a few of the things I can’t relate to any more and really don’t want to either. Some of my friendships have faded somewhat because I can no longer relate to them as well as I used to. Others have blossomed because they represent people who posses beliefs and attitudes that I do relate to. I suppose the things that have really changed over the years are actually “core values”. Those are the things that anchor our beliefs and declarations to our actions, and ultimately, to our outcomes.

If none of this makes sense……..Well, sorry, I can’t relate!