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Money (and time to change)

By
Education & Training with Borino Productions

It takes money to make money. Duh. But How do you make money when there is no money to start with?

I was broke. In debt. No capital, no cash...

The only leverage I had was my time and my work (this is why millions of people keep wearing the handcuffs of hourly wages.)

When I was 24, my life was going for about $11 an hour.  People all around me talked about “the security of a steady paycheck” as though steady and unchanging were a good thing. False illusion, as it often turnes out. People stay in the box because it’s safe there. And then they talk about needing to think “outside the box.” Ah, the irony of it.

But I, like you, have found an escape.

I understood that if I wanted to slip the handcuffs of hourly wages, I had to figure out how to be paid according to my abbilities and my accomplishments. Shift from “How long did it take you do this?” to  “What is your acomplishment worth?"

People paid by the hour are paid for their activities. People paid royalties, license fees, and  sales commissions are paid for their accomplishments. So I had to change!

It doesn't matter how long it takes to sell a house. We only get paid when (and if) we get the job done. Blessing and a curse. Rewards for results only, sure, but it beats the hourly handcuffs, if you ask me. By a mile!

Bottom line: Change makes us uneasy because we cannot see the future. BUT, financial death is the destination of those who refuse to change.

Are you ready for a change?

Borino
www.ExpiredPlus.com

Anonymous
Heidi S

I agree with this completely!   I have often battled this personally being in loans and the mortgage business, especially with where things are in the market today.   However, I have come to realize that the potential of what you can do in this business financially out-weighs the consistency of an hourly paycheck.   This business definitely has its' ups and downs, but it sure is rewarding when you accomplish what you are working to get done.   The finer things in life are much more attainable as well and worth the roller-coaster!

Sep 30, 2009 12:39 PM
#1
John Pusa
Glendale, CA

Hi Borino, Thank you for sharing your article with us. It is very educational.

John Pusa

Sep 30, 2009 12:51 PM
Bart Whitmore
Keller Williams- Louisville - Louisville, KY
Real Estate Agent

You are so correct, so many people stay in the same trap, they are afraid to take a chance.

Sep 30, 2009 01:52 PM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

I picked the Expired Plus package again today and read it again once more. I'm ready for a change.

Sep 30, 2009 02:08 PM
Borino - The Real Estate Coach
Borino Productions - Falls Church, VA

You're right, Heidi... the possibilities this business offers (be it mortgage or real estate) are incredible. New agent, couple years in the business, in his late twenties made $120,000! Not even a great doctor, attorney or any other exec-type job can offer than kind of income (and freedom that comes with it) right from the start.

Nice to see my clients (and friends) ready for a change :) It's coming, Loreena. Stay tuned...

Bart, your Disneyland vacation story was so inspirational, Ishared it on the X-Club teleconference recently. You're definitely "outside the box"! :)

 

Sep 30, 2009 03:09 PM