Why You Should Be Working 10X Harder

first time Hey Moguls, Chris Seder here…

Imagine this: You’re sitting on a beach somewhere sipping a nice cold cocktail while your butler, Jeeves, brings you a fresh plate of strawberries (with the stems cut off, of course). You’re enjoying life. Even better, this is not a one-time occurrence but it’s your everyday life…

You live the life of total freedom and work only a handful of hours each month, and no matter what you do, income comes in day after day. This is possible because you’ve created a fully automated business, and now you can just sit back and relax.

This is the dream for 95% of the people I encounter. (Apparently, the other 5% love working for The Man. Who knew?!)

After all, who doesn’t want to enjoy total freedom to do what you want, whenever you want? Maybe your dream is not to sit on the beach but it’s to travel the world; become a Mountain Man in Montana; golf every day; or even just have more time with family.

There are thousands of case studies where people across the planet have created the lifestyle of their dreams – but there is always one overlooked factor that most people choose to ignore. The people that have truly created financial freedom worked 10X – maybe even 100X – harder than the average person.

I know you probably wanted me to tell you it’s going to be easy – that all you have to do is flip a house or two, and then you’re off to the races and financial freedom is just around the corner... but that is just not the case. Sad but true.

If you want to be in the top 1% and truly enjoy your life, you need to be willing to work harder, sacrifice more and do what 99% of people are not willing to do. Period.

“I'm a greater believer in luck, and I find the harder I work the more I have of it.”
~Thomas Jefferson

Where to start?

So, what’s it going to take to get to that automated, sit-on-your-butt-and-cash-checks lifestyle?

First, you’re going to need to do some thinking. Ask yourself what it will take for you to be completely financially free: Do you need $5,000/month; $10,000/month; $20,000/month; or more?

For me, I don’t really care about my net worth. What I care most about is having consistent income each and every month – no matter what I do. That income covers my bills (mortgage, food, utilities, insurance, etc.) and also gives me enough of a cushion every month in case my pickup all of a sudden needs a new engine. (And yes, that actually happened to me recently.)

Get your head in the game.

So, once you have your net monthly income figured out, you then have to figure out how in the world you’re going to actually get that income.

To do that, you first need to develop the mindset that you are going to work like a crazed madman/madwoman until you achieve that. And if you don’t achieve your goal, the world is going to end. Well, okay, that may be a little extreme, but my point is that you really have to get your head in the game – get in the right mindset to succeed and crush it...

Develop that ‘take no prisoners, I must do this’ kind of attitude. Nothing is going to stop you and nothing is going to get in your way until you achieve your goal.

“It's hard to beat a person who never gives up.”
~ Babe Ruth

Choose your strategy.

Next up is figuring out how to reverse engineer creating your dream income.

Of course, there are several ways to create passive income. But I want to mention one biggie here…

The most common way people think of (and produce) passive income is buy & hold investing. Yep, securing enough rentals that provide you enough passive income for your net monthly income that you already determined.

This is actually one of the routes I’m taking right now. I personally have around 20 units that spit off cash each and every month. It took me a bit to put together a rental portfolio that would provide me what I need, but I was determined not to let anything stop me. I worked hard on each and every deal with my – ‘this absolutely will happen’ – mindset.

But wait, you don’t want to be a landlord?

No problem! Factor into your monthly numbers paying for a property manager or property management company and they’ll deal with the tenants. You just watch the rent checks come in.

“The dictionary is the only place that success comes before work. Work is the key to success, and hard work can help you accomplish anything.”
~Vince Lombardi Jr.

And remember, sure you’re going to encounter some bumps in the road along the way… but don’t dwell on them. Simply use them as opportunities for growth and learning – and keep moving forward with that positive mindset. Here’s to hard work.

I’ll see you in the 1%.