The 3 Kinds Of Money
TUFF LOVE NOTE FROM UNCLE G: Understand there are 3 kinds of money.
- “Scared Chicken” Money
- “Grow-Up” Money
- “Baller” Money
Let’s take a look at each one individually, figure out where you are in this mix and then come up with a plan to level you up.
Scared Chicken Money
This the money sitting in your bank account or pocket that you are afraid to put to work. For those of you out there who save every dollar and squeeze a quarter so tight that the eagle on it could fly, understand that scared money can’t grow up because you have it in prison.
Holding onto money, being a miser or scrooge is going to prevent you from getting new money. You have to take risk in order to add to the pile, my friend.
The second of the 3 kinds of money is grown-up money. This is money that is being reinvested in yourself or your business. When I was twenty-five years old I was making money and stacking it. The only money I spent was on making me better. I wouldn’t spend any money on my car or where I lived but if it made me better at my job, I would invest that money.
This was so I could grow stronger in my own personal confidence. I knew that one day I would see an opportunity but if I was uncertain of my ability to create new income, I would not be able to take advantage of the situation. When money starts growing up, it matures and starts paying others to do the things you are not paid to do.
(Action idea: If you are making $100,000, grow up and quit doing jobs someone else will do for $10 an hour)
This is for those that are in a position make big bets.These people have total confidence in how they position themselves in life. Not because they are cocky, but because they threw down and it paid off.
“Baller money” has nothing to do with what you drive or the shoes you wear. “Baller money” is when you start making big-time investments that change your life forever. There are lots of rich people that will never see “baller money” because their “grow-up” money went back to being “scared chicken money.”
When you first start making money the tendency is to want to protect it. But scared money can’t grow up.
The purpose of money is not to make you safe – it’s to give you choices.
To get the courage to move into “grow-up” money status, you must read, listen and study those who have gone from “scared money” to “baller money.”
Now that you know the 3 kinds of money here’s a few suggestions on what to study now:
READ, STUDY & LISTEN TO: The Millionaire Booklet: The eight steps I lay out is in a very simple to understand language that will allow you to get started today in creating the money you deserve. Let’s face it, your parents didn’t teach you how to get rich and the schools and colleges don’t even talk about it.
DIVE INTO AND DISECT: The Secret’s Of The Wealthy. I have studied the wealthy for over 30 years. I want to reveal to you what the Buffets, Carnagies, and Rothschilds know that make them 10,000X more financially successful than others.
MAKE THIS YOUR OWN: Advanced Negotiation Certification. You don’t get what you deserve, you get what you negotiate. If you want to learn how to increase your income as a salesperson, you must learn to master the close.