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My Philosophy about Wealth and Entrepreneurial Success
Obviously the best way to understand my approach to wealth and success is to read my articles, but here is a sample of what I believe if you want to know more about my mindset:
You can create contingency plans, but you can never launch unless you leave your safety nets.
If it sounds too good to be true, it is.
If you can’t tell how a “business program” makes you money within the first 30 seconds of reading the website, then regardless of how “easy” that program claims its wealth strategy to be, the actual work is going to be MUCH MUCH HARDER FOR YOU.
I have nothing against networking marketing (NWM) or multilevel marketing (MLM) programs – some are legitimate and perfectly good businesses. I personally find even the easiest NWM and MLM programs MUCH HARDER WORK than I’d like to do! I’ve done the math, and it’s too much work for me. Therefore, I do not engage in NWM and MLM programs.
The more desperate you are to make money, the drier that fountain of wealth will appear. Ever notice how the people with the least amount of time seem to get the most done? Well, the people who seem to need the least amount of money seem to effortlessly attract a ton of money.
…But don’t think I’m all about “giving things away” or “free”! I think people who “give things away for free constantly” are those who: have no bills to pay, have someone else who pays their bills, don’t have enough confidence to ask for fair payment in exchange for value, sees what they are doing as a hobby, don’t think what they are giving away is valuable enough to charge a fee, has plans to eventually make money down the road and is using what they are doing as a “loss leader” up front, and/or don’t own what they are giving away so they aren’t losing anything by giving away someone else’s stuff.
The Back Story
In 2004 I bootstrapped a consulting company in a very competitive industry and I took this business from zero to 6 figures within 12 months… and made 6 figure income each year since.
In 2008 I took a 1-year business sabbatical, because I became a new mom and did not want to miss my baby’s first year of life.
I said no to consulting offers and new projects so I could personally witness every single milestone of my baby’s first year – his first smile, his first laugh, the first time his two little fists uncurled and I could hold his fingers, his first crawl, his first walk, his first tooth. Since I barely worked, the numbers showed. During my sabbatical, the business made around $70,000.
$70,000 is a decent salary for many people. Considering that I “barely” worked due to total exhaustion, this was serious money per number of hours “worked”.
But To me, this number was a rude awakening. I’d gotten used to making over $250,000, but apparently, I had made myself a job. The job paid me well when I worked hard, but it wasn’t so kind when I could not or did not want to put in as many work-hours.
I wanted to be BOTH entrepreneur AND parent. I joined the growing trend of entrepreneurs who refused to trade their personal relationships and families, no matter how much they loved their work.
And believe me, I LOVE what I do, because I designed my jobs. It was very easy to work and work and work, when most of the time it didn’t feel like work at all. I was doing what I loved to do.
But I also need to deal with the realities of bills and a mortgage and the cost of living in Southern California and saving for retirement.
In 2009, I stopped interviewing part-time nannies because I wanted to take care of my son full time. Instead of taking the original option (get a nanny, resume work full-time), I re-engineered my business process and changed how I worked.
Before 2009 ended, I was back to earning 6 figures. I even started a new business. It has NOT been easy, and navigating through all the “programs” and “schemes” on the internet can get confusing. There have been times when I honestly do not know who to believe, and have to follow my gut as well as common sense mathematics.
Now, I teach entrepreneurs how to create their powerful personal brand so they can rapidly gain recognition, advance in their industry, and generate remarkable revenue… While never missing the most important milestones in their lives.
Jane Chin
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