Reframing Doubt Will Add $5,000-$10,000 per Year...Immediately

Kevin Hogan

"Life is what happens to you when you're busy making other plans." (John Lennon in two different songs.)

I'm going to be completely oblique about this: It's unbelievably simple to add $5,000-$15,000 per year to your wealth accumulation plan once the necessary reframing has been completed. It will take perhaps 2-3 hours to complete the reframing and begin adding the dollars to your accounts. I'm going to walk you through the entire process in this CD.

Today you can begin to put your new plan into action (I'll work it through with you so it works not only on the numbers level but on the psychological level) now that self-sabotage has been eliminated.

You'll recall from an earlier CD that I noted that eliminating self-sabotage could be considered "part of the plan," and that is just fine. Today we not only begin our actual plan but begin to move forward with a careful preparedness that will ward off most events that will impede your progress in accumulating wealth.

(a) Now is the time to write down your income objective for the next 12 months. Please remember everything you learned in Volume 5 when you make this commitment. This figure should be something that you can easily see. A number that is easy to picture. Forget the pipe dreams. I want you to write down a number that represents a 20-40% increase (more or less depending on your circumstances) over what you accomplished in the previous 12 months.

(b) Write down your accumulation outcome (the amount of money you will keep in your power from what you earn) for the next 12 months. (This includes paying off all debt that isn't tied to an appreciating asset or your personal growth.)

(c) Having reached a point where you can actually envision that outcome is crucial to how the mind responds to that potential outcome. You must have no doubt that this is going to take place. If any doubt does remain, YOU MUST journal the following:

"What specifically is it that causes me to think I may not reach this goal." Write in detail. Then ask again: "What else..." "What else," and on until the mind is completely exhausted of possibilities. You can't fight what you can't see. Identifying these nagging doubts brings them to consciousness and helps you eliminate them.

Doubt and self-sabotage are not the same thing. Self-sabotage is unhealthy. It stops you from achieving your outcomes at an unconscious (covert) level. Doubt is often healthy and can be rooted in past experience, logic, rational thinking...or...it can be unhealthy, rooted in fear and lack of self confidence (which comes from having too few resources in your life to help you know it is possible to achieve certain outcomes). Doubt can also be a great motivator...or de-motivator and you will need to determine which doubts motivate, and why and which de-motivate and why.

You MUST divide your doubts into the two categories (healthy and unhealthy) and determine what specific courses of action you will take daily and weekly to overcome both your healthy and unhealthy doubts. In each category also write down whether this doubt is motivating you or demotivating you. Later, I'll show you how to turn the demotivating doubts into jet engines that will move you with great power toward your outcomes.

For example, if I wrote down in my journal that I would keep 100 times more money than I did last year, that would be theoretically possible (and highly unlikely!) but it would be very difficult from a real world perspective. (I keep quite a bit and there is nothing remotely scary in my mind about keeping 100X that number it is a question of having a workable plan to first take in enough to cover what I would keep in this hypothetical. It's a healthy doubt and therefore I can re-evaluate my outcome or I can structure a plan to match my outcome whichever I prefer. This is all done in a journal and not a workbook.

Having eradicated self-sabotage means there are no internal triggers left to shoot yourself in the foot...or head... enroute to your new outcome. Now that you have accomplished THIS goal, it is time to make sure that you don't create new self sabotaging behaviors.

As you might find yourself listening to someone who preaches you can have "unlimited income" and "unlimited riches" and so on, realize that there is just as much self-sabotage built into that great lie as there is that you can have nothing.

You will be surprised just how much wealth you WILL accumulate in your life but don't let anyone tell you how fast it will happen if it isn't ecological for you and the people you love to pursue wealth at that pace.

Now you have an outcome for earning, for keeping and you have isolated your doubts, their origin and a plan to keep them in check or utilize them as leverage.

But what happens when something goes wrong on the road to accumulating wealth? It will you know.... And it will... early on the road. Here are some examples of what could happen.

You lose your job.
The stock market crashes again.
Your savings run out.
You have to charge far more on credit than you hoped for.
You have unexpected expenses.

Some or all of the above can happen to anyone in any economy at any time. Being prepared for these possible outcomes is the first step to securing wealth.

I have a friend who insists on saving a portion of his money at 2% while he pays 18% on credit cards that amount to over $27,000. This of course is a huge self-sabotaging behavior. There is no reason to not pay off that $27,000 before the actual accumulation phase begins. My friend would gain a 900% on each dollar used to eliminate debt if he would just do that. There is almost never a reason to allow debt at this level to pile up at 18% when one has the ability to kill it off.

The sharpest people I know put 90% of all their expenses on a credit card. They then pay them off every month. This allows free use of someone else's money for about one month. You can't beat that. But if they had any balance at all, they would immediately shift it to a lower interest credit card. In fact, this is precisely how I got out of debt a long time ago when I was paying 21 and 24.9% interest. Those were the days. I had thousands and thousands of dollars of credit card debt. I had wasted good money on non-appreciating assets and things that didn't grow me. Because of that I paid a huge price in "sacrifice" for two years as I pulled myself up out of the muck. Every extra dollar (not 10% or 20% of earnings) and I mean EVERY extra dollar that wasn't invested directly into personal growth was all shifted to payoff the credit cards.

What made it easier than it would have been was I discovered that because I had such a huge balance, everyone wanted me to have their credit card and offered incredibly low rates to switch the balances and that is exactly what I did. I saved almost $10,000 in two years by shifting the balances to cards that were at 4.9% interest and got out of debt two years faster than I would have had I not strategically planned debt elimination at such a high speed.

Fortunately in 2003/4 we are in that interest environment where credit card issuers are offering such opportunities again. However, I confess, I was never loyal to the credit card issuer. Once their bargain rate expired...so did I when I shifted directly to the next card and then the next. I was on a mission. Nothing would stop me and it didn't.

Without getting too mathematical, here is the gist of why this is a pivotal decision. $10,000 at 20% is $2000. $2000 is equal to just over $160 per month. If you are paying the minimum payment on a credit card you will be adding well over $100 per month to your balance and paying $2000 per year in "interest." Switch that to a zero interest card for just six months and then back and you only pay $1000 or if you can find another zero interest offer, and you can, you pay nothing in interest and attack the balance. One way, you can easily eliminate the $10,000 in two years, perhaps one if you adopt some of the strategies I used below, but two years is just fine and THAT would be the first HUGE step on the road to accumulating wealth.

By the way, this is a bonus. I wasn't including this money in wealth accumulation plan you will actually KEEP from now on. Get ready for the BIG REFRAME NOW!!! That comes next on track two of this CD.

"Abundance Happens on Purpose." Kevin Hogan

One in 11 of those millionaires inherited a significant sum, if not all of their money. 91% of all millionaires started with essentially nothing and yet became millionaires. The majority of those did so before they came to "retirement age." There are eight million rags-to-riches stories in the United States. How would you like to be the next one?

What makes up the mind of the millionaire? And what does it take to build wealth in these trying times?

With the Wealth Package we have put together for you, you're going to discover the answer and begin to immediately implement it in your life. There will be no philosophical guesswork, only facts about what mindset causes people to attract money into their lives. More importantly you are going to be able to easily adopt the beliefs, values, thoughts and attitudes of the most wealthy people on the planet while benefiting your family, friends and community. Learn what it takes to have the balanced life.

We have put a spectacular package together for you. This is an abundance of information, all geared toward building wealth. Learn the psychology behind money, and the factors of the Millionaire Mind. Learn about the Attraction Principle and being in control of your own freedom with a new mental imaging technology called Freedom Focus.

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