We are all creatures of habit. I think that we are all autistic to a certain degree. We feel safe and secure when we follow our daily patterns. Because of this, we usually lead some boring lives. Breaking out and doing something completely random with your life can be scary. This probably doesn’t interest most of you. You guys set up your own website to add some stable income to add to your wallet. I have been getting pretty bored with this blog. I think the reason is because i am doing the same thing over and over again. The “make money online” niche isn’t all that exciting. Once you figure out a few tricks, you tend to rely on them. You get comfortable and complacent. You don’t seek out new tweaks to make more money with you blog. This applies to most things in life.
Where you get to a point in your life where you are comfortable, you don’t have to do much. I was talking to one of my investors about his wealth. (rich people love talking about how great they are) I asked him how he amassed his fortunes. I won’t reveal names, but this guy is a major player in the Los Angeles real estate scene. His net worth is close to around 60 million dollars. Anyway, he told me that there are three major hurdles. These milestones are “Living expense”, “Medium wealth”, and “Terminal wealth”.
He said that that the first stage is the “living expense” stage. This is where you set up a business or make an investment that yields your living expenses. Or the more traditional 9 to 5 route. Most people fall into this category. People who work hard just to pay the bills fall into this category. They get paid just enough to pay for their mortgage and other monthly bills. People in this category can upgrade, but they still get locked into the same paycheck to paycheck routine. If you get a raise, you will probably buy a new car or get a bigger house. The increase in income will get sucked right back into your increase in monthly payments. You may be living in a bigger house, but you’re still poor. You’re still living paycheck to paycheck. It’s hard to break away from this stage. You really can’t afford to take any risks when you have these payments to pay. It’s like you’re locked. But, if you don’t want to be in this category, you have to force yourself to come out of this safety shell. The pay range for this category is around $50,000 to $120,000 yearly income.
The next stage would be around the 2 million dollar mark. When you are worth 2 million dollars, you might think that you made it. And in a lot of ways, you did make it. There are still a lot of people in this bracket. If you own a couple of homes in California, you are already a millionaire. You just need to make sure that you have cash flow to cover your mortgage payments. Being at this level is safe. You have more then enough money to send your kids to college (debt free). You can also afford to take your family on holiday twice a year. You don’t really need to work all that hard cause your money will be working for you. It’s hard to break out of this stage because it just isn’t worth the risk. Why risk it when you’re already the richest guy amongst your friends.
Terminal wealth is the next stage. There are very few people who make it to this stage. The few who make it to this level are the ones that control the world. When you make it here, you don’t have to deal with anything. People don’t come to you with little things. You just work on one big project a year. You have a team of people under you to do all of life’s grunt work. The guys that make it here are the ones that took a risk at the 2 million mark. They decided to gamble. They were willing to risk going back to the “living expense” stage to get here.
What does this have to do with my “make money online” blog? Not sure really. Just wanted to point out how easy it is to get comfortable. I set up this blog to make a few bucks online. I did that and now i am actually making a lot of money online. I have a collection of blogs that i set up using the bloggernoob formula. I am seeing similar results on my other blogs as well. I could just continue to do what i do, and pocket the same amount of money. It’s safe and comfortable. But blogging is really time consuming. I want to branch into other type of web investments to make more money. I guess i’m greedy. Like Michael Douglas said, “greed is good.” You have to be greedy if you want to break out of the norm. The only way to make a lot of money is to do your own thing. If you really want to make money, keep pushing yourself. Don’t rest on your past achievements. Don’t get too comfortable. Constantly find new resources for traffic. Constantly look for new outlets for monetization. Long post, Noob out!