I’ve always said that the fastest and most effective way to become great at anything, is to model, study, and learn from those who are in the position you want to be.
For anyone who wants to get rich, a great person to model is someone who is already rich, yes or yes?
However, there can be a very, very big problem with this.
When you look at someone who has ALREADY made their fortune, they are doing things much differently now than when they were not multi-millionaires yet and still working their way up.
Most of my students see a lot of wealthy people that are involved in multiple businesses and have many different incomes and think, “Well, if they have it, then so should I.” True or true?
Having multiple streams of ACTIVE income is NOT what you should do…
Want to hear why?
Before I explain, watch my video below to hear a quick story about how I made this common mistake (that cost me BIG time) by trying to have multiple streams of income BEFORE I got rich, so you can avoid the same mistakes I made.
Two Reasons Why Most Aspiring Millionaires Never Make It
As I mentioned in the video, I was clueless in business and personal development at the time. I didn’t know what I was doing to myself…
I was chasing after every opportunity because of two reasons that end up being huge pitfalls to a lot of would-be entrepreneurs:
1. Wanting to make money faster
In terms of making money faster, let’s just put this reality check into perspective: It takes every bit of energy and focus you have for you to succeed in any one thing.
Your first million dollars ain’t happening overnight. That might work for a lucky few, but not for most. For most self-made millionaires, success isn’t a sprint, it’s a marathon. Seemingly “overnight successes” are almost always people who have been working day in and day out for years before they made it big.
That’s not to say there’s anything wrong with wanting to achieve maximum results with as little effort as possible.
In fact, this is something you can learn in my free signature web class,
“Zero To MultiMillionaire.”
2. Wanting a backup
I wanted a “backup” in case what I was doing didn’t work. In my mind, I thought that if I had more than one business it would be “safer” — it would assure me of some kind of success because I’d always have something to fall back on.
The truth is, when you overextend yourself by trying to have too many things going on, you end up not being able to succeed in ANY of them.
Here’s the deal, and I’ll reiterate this because it’s important:
It takes an enormous amount of energy to get something going, especially at the beginning.
If you don’t use 100% of your energy to get something off the ground, you’re not going to make it over the chasm. You’re going to fall into it.
Here’s The Rule: Focus, Focus Focus!
Many people ask me: “Harv, what about multiple streams of income?”
That’s a great idea only after you have one stream going beautifully. Yes, rich people are diversified… but only once they are rich! You don’t get rich by being diversified, you get rich by being focused.
It’s hard enough to be successful at any one thing. Do you think you could be successful at two or five things all at once? Are you kidding me? I can’t.
Focus on the part that is going to make you rich, leave everything else UNTIL you succeed.
I learned the hard way, so hopefully, you won’t make the same mistake I did. Don’t fall into this trap! I see it every day and wish I someone told me this 30 years ago.
Which is why I created a signature FREE web class to help you do exactly that. It’s called:
Zero To MultiMillionaire:
“The Ultimate Business Success Formula”
I’ll be teaching 6 proven principles that helped me go from broke to rich, and I’m certain they can do the same for you.
On this class you’ll learn:
- The unique character traits 90% of ALL self-made millionaires have in common, and how you can have them too
- How to identify and eliminate the things you might be doing that are preventing you from success
- Specific business strategies that will actually produce LONG-TERM wealth in your life
- And much, much more!
Click here to register for FREE and select a date and time that works best for you.
Does any of this sound familiar to you? Is your focus spread between multiple businesses or opportunities? What’s keeping you from making a choice and sticking with just one?
Leave us a comment below, we’d love to hear from you!
For Your Freedom,