How To Charge Money For Your Passion


 

Abstract:
 

Disclaimer first: I always emphasise that you can prioritise your passion(s) even if you’re only a beginner or simply don’t want to ever make money from them. That’s still true.
 

However, a lot of Wild Spirits do dream of making their passion their income or business. Most of them have no idea where to start, and the internet is full of “how to make money doing what you love with no preparation and no investment!” type of scams.
 

Your mission is to learn how to turn your passion into profits.
 
 

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Task 1: Sort out your mindset

 

Attitude is everything in business. Even if you work online, it’s as though people can smell if you’re not sure about yourself. Best to get a few things straight from the start:

  • You absolutely deserve to be paid for what you contribute.
  • Realise that it’s really about an exchange of energy: your passion for money.
  • Do some market research to get an idea of what others are charging.

charge money

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Task 2: Be ready to invest

 

50 years ago, you needed money for premises, staff, stock, etc. to start a business. These days we can work from home and online, whether we’re selling arts and crafts or provide a service.
 

It’s a lot cheaper, but it’s not free. A website alone doesn’t get you customers; you need money for marketing/advertising, and most of all you need to learn how to spend that money, or you’ll end up wasting a fortune.
 

I’m not an affiliate of Maire Forleo’s B-School, so I can recommend it without bias. It’s the best program around! To get started, you have to sign up early in the year (it usually starts in March).
 

If you’re broke, look into my Wild Money program. And if you’re too broke for that too, download the free “10 Ways To Get Money For Anything, Fast” cheat sheet on the same page.

Beyond Frugality: Money Abundance For 2020


 

Abstract:
 

People aren’t too fond of learning about money. Too much of the advice around finances focuses on self-denial and frugal living.
 

It can be frustrating when you try to focus on your passion(s). A lot of the time you need to spend money: on equipment, materials, tuition… The expenses add up quickly.
 

What if I told you that tapping into abundance is the opposite of self-denial? It may sound unbelievable, but don’t stop listening just yet. I’ll show you exactly how it works.
 

Your mission is to learn and apply the principles of joyful money for your passions.
 
 

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Task 1: Learn why self-denial doesn’t work

 

Most people try to save money and never manage. Every time they get ahead, something happens to eat up all their money again. I was once in this sitution myself, and I know it sucks.
 

Nor am I going to tell you that you can just will yourself out. The truth is, it’s absolutely possible to change your financial destiny, but it requires some dedication and consistency.
 

Self-denial is counterproductive, because it is restrictive and limiting. You won’t create flow by building barriers. It’s as though two opposing forces of nature were at work.
 

Money Abundance

Photo by Daniil Silantev on unsplash.com


 

Task 2: Tap into money abundance

 

Instead of focusing on the lack of money and what you can’t do or buy, focus on what you can and what you already have. Here’s some inspiration to get you started:
 

  • Every time you pay something, say or think: “There’s more where that money came from.” (I learned this from Marie Forleo)
  • Give away 5% of your income. Find a worthy cause or donate spontaneously each month.
  • Create a Passions budget of 5-10% of your income.

You may also look into increasing your earnings and learning to budget, as well as improve your mindset long-term. Take a look at my Money abundance program, read books on personal finances, educate yourself about investing. If you work on it consistently, you’ll notice a huge shift.

You Do Have Time (And Money) For Your Passions


 

Abstract:
 

One thing I keep hearing from my Coaching clients is: “I don’t have time to pursue my passion” and “I don’t have the money”. It’s either that, or a combination of both.
 

I’m going to be a little in-your-face today and say that you do have time and money. I’ll also argue that you feel like you don’t have them because of internalised patterns.
 

Your mission today is to break through the patterns which keep you from doing what lights you up.
 
 

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Task 1: You do have time

 

Do you need to volunteer for every bake sale? Do you need to outdo everyone else at the fancy-dress day at work? Unless these things are among your passions, consider cutting back in favour of something that lights you up.
 

Are people taking advantage of you? It’s not them, you know – it’s up to you to stop allowing it. Set boundaries; get support in learning this if you need to.
 

Examine what you think you “have” to do. Is it really necessary for your house to be spotless all the time? Consider getting help. And if you think you can’t afford this, then the next task is for you.
 

Time and Money

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Task 2: You do have money

 

I once went broke, was forced to educate myself about finances, and lived extremely frugally to pay back debts for over 10 years. I know a thing or two about money.
 

Just like time, money is subject to a lot of beliefs. You may think you don’t have the money to pay for a cleaner, or for your laundry to be done by someone else. But you’re already spending money you don’t need. Examples:
 

  • You don’t need new clothes for at least another year. Really, you don’t.
  • You don’t need to spend a lot of money when you go out. One drink can last all evening.
  • You don’t need a TV license. Pursue your passion, and you won’t even have time to watch TV.

Who Owns You Really?


 

Abstract:
 

This might sound crazy. After all, if you’re watching this video, you’re almost certainly not a slave physically owned by anyone else!
 

I’m not talking about actual slavery, but entirely different, subtle forms of ownership. In our day and age, this usually happens through money.
 

Your mission today is to become aware of who owns you, and then minimise the outside influence.
 
 

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Task 1: Become clear on who owns you

 

Of course we are no longer physically owned by someone who can literally buy and sell us, harm and even kill us. And yet there are people and organisations that have a claim on parts of your life.
 

If you’re employed, large parts of your time belong to your employer. If you pay off a mortgage or buy anything in installments, you have effectively given away power.
 

This isn’t always a bad thing, but it’s something you need to be aware of. Create a list of everything you’re paying off or owe.
 

who owns you

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Task 2: Take back ownership

 

A bank can take fairly drastic measures against you if you default on loan payments or a mortgage. Here are some steps you can take to gain back control.
 

Check the list from Task 1 so you’re fully aware of who owns you – or part of you and your time.
 

  • Separate the wheat from the chaff: For example, if you have a small child, they have a claim on you but that’s not ownership, it’s a natural and temporary duty of care.
  • Follow the money: Some forms of lending are good (mortgages can make a lot of sense, depending on the circumstances). But if you live in your overdraft or have loans for items, you need to re-assess.
  • Get smart about your money: read books, take coaching, go to a financial advisor. Create a plan on how to take back control bit by bit. It won’t happen overnight, so you need long-term support.

But I Can’t Afford The Life Of My Dreams!


 

Abstract:
 

90% of the people I talk to, react in a similar way: When I ask them what their dreams are, they will name something that isn’t all that far beyond their current life. If I press them to go completely overboard, they’ll respond with: “But I could never afford to live like that.”
 

What they don’t understand is that the point of goals is not to know how you’ll achieve them. In fact, Bob Proctor said: “If you know what to do to reach your goal, it’s not a big enough goal.”
 

Your mission is to do what Neo needed to do in the Matrix: “Free your mind”.
 
 

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Task 1: Reason is overrated

 

There is a place for reason. A goal isn’t worthless just because you know how to reach it, and yet, I agree that at least some of your goals or dreams should be far outside of what you think possible.
 

Examine what keeps you from dreaming big. Do you feel a little silly? But imagination is limitless, and so is creativity. Do you think it’s impossible? Fact is, lots of people have achieved things far beyond what they thought they could. The evidence is plenty.
 

Thinking creatively, going beyond, even into the realm of silliness, is a skill you can learn. Set yourself a reminder once a week for “dream time”.
 

my dreams

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Task 2: Program your mind for your dreams

 

This is an ongoing task and will take some time. Basically, you need to brainwash yourself. Here are a few steps for you to take:
 

  1. Read something positive every day. Include books on finances (try Amanda Steinberg or Jen Sincero). Make time for it.
  2. Follow blogs, podcasts, YouTube channels by personal development experts. You could start with my newsletter and videos!
  3. Surround yourself by positive people. Know anyone who’s into this stuff? Seek them out and spend more time with them.