Having money challenges could be a big stumbling block for aspiring entrepreneurs. And being able to efficiently deal with those obstacles is what's going to make you achieve your goals. In this podcast, I give you some powerful ideas to help you cross these challenges better.
If this podcast inspired you, please drop a 5-star review on Apple or Spotify.
What you will learn in this podcast?
What are the root causes of money issues?
How should entrepreneurs deal with money issues?
How I overcame my personal money challenges over the last few years?
55 replies to "How To Deal With Money Challenges While Growing A Business"
#ILHDEEPLEARNER #ILHCOMMUNITY #ILHMEMBER
Thank you 🙏 so much Siddharth sir for sharing these insights , These are really useful steps to actually deal with the money challenge .
Here are my thoughts and learnings from the podcast 👇 :
🔹6 STEPS TO DEAL WITH YOUR MONEY CHALLENGES AND LIVE A LIFESTYLE OF FREEDOM 🔹
👉 We all have money challenges since we start our business , But if you crack the code of dealing with the money challenges 💵 , You will be good 😃 at managing the money ..
☝️ The step number one is YOU got to UNDERSTAND and IDENTIFY 🤔 the ROOT CAUSES that why you are going through money challenges :
We all somehow came across these incidents like where people used to say money is the root cause of all the evils that will end up your life 😦harder , And money is not that important etc .. So when people say this we subconsciously 🧠programmed and started to believe it is true and stucking up there and do not know how to deal with money challenges if it comes to you .. So their are certain number of ROOT CAUSES 📉 where you can know why this challenges are coming through , So 1️⃣ is How is the relationship between you and your money , 2️⃣ is Poor management of your money , 3️⃣ Don’t want to start new things and end up in comfort zone 🙇 , To be precise you are not able to find creative ways to generate income . So above mentioned 3 points were the actual root causes of why you have money challenges..
🥈 HABITS : You can deal with your money challenges by starting off simplifying your life and following useful habits related to money management 🧘 .
TWCGO (Money Management Habit) :
T – Tax Account (All the taxes related money will be goes into account)
W – Wealth Account
C – Charity Account
G – General Account (For your home , vegetables etc)
O – Operations Account (New tools for your business)
⭐ Use your money 💵 as above mentioned method and make that as a habit so that you can spend money for only useful purposes and you will have clear idea of your money and where does it going and all ..
👉 IT’S NOT JUST ABOUT MAKING MONEY BUT MANAGING THE MONEY 👈
🕒 So the third step is GETTING a MENTOR 👨 : If you find a good mentor it’s like you can stop thinking from your brains and you can start doing based on whatever your mentor says .
Surrender 🙇 to one mentor and follow him and do whatever he says so you will be able to get results 📊 .
✌️✌️ Fourth Step is BE A PART OF BIGGER COMMUNITY : When you be in a community that has like minded people and who are actually rich and good at managing money , Somehow in this process of connecting with those people who are in the community 👪 that you’ve joined , You will start thinking like them , You take their suggestions and having rapo with thim . This will change your thoughts on money and you will be able to start dealing with money challenges that you have . THIS IS THE POWER 💪 OF THE COMMUNITY . It’s like YOUR ENVIRONMENT IS STRONGER THAN YOUR WILL POWER .
🖐️ You need to be good at MARKETING/SALES 💸 : When you are able to master the skill of Marketing and sales , You will be in much more position where you can generate tha cashflow 🤑 for yourselves so that you don’t have money challenges .
⭐ IT’S ALL ABOUT TAKING THAT FIRST STEP AND MOVING FORWARD ⭐
6️⃣ So the last step is you need to be good at INVESTING YOUR MONEY AND MULTIPLYING YOUR MONEY 🔁 : Invest in such things that it will eventually grow in market like Investment in gold 🪙 , silver 🥈 and investment in yourself like personal development , courses (Digital Assets) etc . If you are not able to invest in your personal development you are not gonna grow 📉 . So if you invest in those above mentioned things , That can help you in MULTIPLYING YOUR MONEY 🤹♂️ ..
🤜 HAVE A BUSINESS MINDSET where he/she thinks of learning it 🏃 – doing it ⛹️- implement it 🤾 – delivering it 🥅 . So that your message to the people will be most valued ones 🤛
🤔 Try to change the way of thinking , Think positively 🧘♂️ and focus 👀 on how to solve it , So that you will be able to deal with the challenges whatever you had .
✅ So yup that’s it , These are my thoughts and learnings from the podcast , And THANK YOU SIDDHARTH SIR for sharing this wonderful and useful podcast , Thanks 🙏 for being the best mentor for us ❤️ .
Thanks so much sir namaste 🙏
Thank you Siddharth for sharing-
Biggest Takeaways-
How to overcome the Money Challenges-
6 Areas
1 . ROOT CAUSE- WHY MONEY CHALLENGES
2 OR 3 areas –
a) Relationship with Money.- Blueprint of the Money
b)Mismanagement of the Money.
c)Finding out Creattive way of spending money
2) Habit of Money Management -TWGCO
sidz.co.wealthy
3) Get a Mentor
4) Be a Part of Bigger Community
5) Marketing and Sales- Good at this skill
6)Good at Invest your Money and multiply the money 💰-. GOLD DIAMOND 💎, EMAIL LIST ,BUILD DIGITAL LEADS,DIGITAL COURSES FOR PERSONAL GROWING.
INVESTMENT IS SECRET OF BUSINESS GROWTH.
#ilhdeeplearner
#ilhfamily
Thanks so much sir namaste 🙏 y0rs sincerely muraleedharanunnithan182 @ gmail.com ❤ 🙏
#ilh
#ilhfamily
#ilhdeeplearner
6 ways to handle Money challenges
Each one of us face various forms of money challenges- how to get started, getting seed money etc.
1. Understand the root cause why you have a challenge and relationship with money. We might have heard of ideas like “money is evil”,” money makes you greedy” during childhood. These Seeds planted in head during childhood is manifesting currently.
The Upbringing and relationship with money has a big influence. The existing money blueprint in our head has to change.
Some have poor management of money like overspending, tight fisted not able to spend or don’t know what to spend on. Understand money is an energy.
Some are Comfortable in the current position and don’t see other ways to generate money. Understand Money is an idea
2. Develop and Inculcate few simple habits into your live.
TWCGO formula
Have a dedicated business account where
T 20% tax contribution
W 20% for building wealth
C 10% for charity
G 30% for general (household expenses, daily expenses)
O 20% for business operations like tools purchases etc.
3. Go through a mentorship program, find and surrender to a mentor. This can help you stop thinking and focus on doing.
4. Be a part of bigger community to find likeminded people who are doing smart investments. Environment is stronger than your will power.
5. Learn Marketing and selling as these skills help you have control over finances and economy
6. Invest in areas that can multiply money. Find an investment manager who looks over your portfolio. Invest in gold and silver. Invest in leads, tools invest in personal education & learning. Invest in building digital assets. If you are not learning then you start dying.
If you have a mindset of business owner then your thoughts will be how to make money, while employee mindset will look at money as an expense. Change the thinking.
Thank you, Daamini.
Thanks so much sir namaste 🙏 I Trust my Master sidharth sir 🙏 he like a God bless us
1. Identify the root cause
2. Develop simple money management habits
3. Have a mentor and follow him.Follow TWCGO Formula- Tax 20% Wealth 20% Charity 10% General 30% Operation 20% watch another video
http://siddharthrajsekar.com/how-to-become-wealthy-using-the-internet/
4. Be part of some community
5. Become Good in Sales and marketing Marketing -Learn Marketing
6. Investing your Money-Be diversified -Be Long- Term Investors-(Businesses also need Investing Leads, Toos, Ads, Business, Business Education, Invest in personal learning,
Thanks a ton, Ram.
Hare Krishna namaste teacher thanks so much 🙏
I have also faced Money Challenges in 2021 after the start of Third World War.
How to deal with Money Challenges :-
1. MISMANAGEMENT of Money. Identifying the root cause.
2. BEING COMFORTABLE IN OUR LIFE. If we are not finding our other ways.
3. Have five different accounts – TWCGO
4. Be a part of Bigger Community.
5 Be very good in Marketing and Selling.
6. Be good in investing Money. Invest in Gold, Silver and Diamonds. Invest in your required Tools ✅
#Ilhdeeplearner #ILHFamily
Love how active you are, Sumesh. Great to have you in the communtiy.
Thanks so much sir namaste 🙏
#ILHDEEPLEARNER
How to Deal with Money Challenges while growing A Business?
6STEPS #
1. (a)Identify & Understand the root cause with Money
What is your money Blueprint?
Negative programming while growing up.
(b)Poor management of money
(c)You’re Comfortable with your situation.
2. HABITS: Follow money management habits.
Tax- 10%
Wealth- 30%
Charity- 10%
General- 30%
Operation-20%
Sidz.co/wealth
3. By getting a Mentor
You can stop thinking and surrendering to the mentor.
4. Be a part of bigger Community.
Find like minded people there.
5. Be good at Marketing & Selling
It gives the control over your finances.
6. Be good at investing money and Multiplying money.
-Find a good financial advisor.
-Investing in tools which helps to grow your business.
– Investing in your personal learning.
# ILHDEEPLEARNER
Great insights, Maheshwari.
Thanks so much sir namaste 🙏
#ILHDEEPLEARNER
#ILHCOMMUNITY
#ILHMEMBER
1. At some stage everyone will be having money challenges.
2. Look at this challenge as an opportunity.
3. Root cause.
first- Your relationship with the money. your programming about money or blueprint. Blueprint can
be changed.
Second- Mismanagement of money or poor management of money. You may be comfortable with
money you have or income you have.
Third- You are not having creative ways to generate money.
4. Habits- Follow simple habits for money management. Have a main Receivable Bank account and
Follow TWCGO Method.
T-Tax – 20%
W-Wealth – 20%
C-Charity – 10%
G-General – 30%
O-Operations – 20%
5. sidz.co/wealthy is a free course to learn money management system.
6. Its not about making money, its all about managing money.
7. Best way to learn is by going through a mentorship program. get yourself a mentor.
8. Be a part of a bigger community. Like minded people who are good at money management.
9. Marketing. If you are able to create value to a product then you will have control over your own
economy.
10. Once you get good at marketing than you will be able to generate enough money.
11. You need to be good at growing your money by investment. You need to have a good advisor to
invest and grow your money.
12. Go for Long term investment and don’t go for short term or day trading. Invest in gold. Investing in
your email List, leads, tools, advertising, education will compound in future.
13. If you are not investing in your personal learning than you wont grow your money.
14. RECAP.
First – Identify the root cause.
Second – Develop simple money management habits.
Third – Get a mentor and follow that mentor.
Fourth- Be a part of community.
Fifth- Become good at marketing and sales.
Sixth – Investment.
15. You need to have a mindset of a businessmen. Invest and grow. You need to let go employee mindset.
16. Live lifestyle of freedom.
17. Learn how to sell digital courses.
Thanks a ton, Rohith.
Thanks so much sir I followings my Metar …
Namaste sir ji 🙏
How to deal with money challenges while growing a business?
Money is a form of energy
Money is an idea
The reason why you don’t have money is these reason
• Negative programming in childhood days
• Poor mismanagement
• Creative ways to generate money
TWCGO formula
Business account
Tax account 20% Wealth -20% Charity 10% General 30% Operation 20%
Free Course on money management system (Sidz.co/wealthy)
Getting a Mentor. Going through a mentorship program
Be a part of a bigger community
Marketing and selling. If you are able to create valuable products
You need to be good at investing money and multiplying money. Invest in Gold and Silver. Invest in E-mail. Invest in Tools, advertisements, and personal learning.
1. Identify root cause
2. Develop simple money management habits
3. Follow your mentor
4. Be a part of the community
5. Good at marketing and sell
6. Keep investing in gold, silver, tools, personal learning
#ilhfamily #ilhdeeplearner
Thank you, Vijay.
Yes sir I followings Thanks so much sir namaste 🙏
#ILHDeeplearners
Thank you Siddarth for sharing the these powerful insights….
6 core areas how to deal money challenges to grow your business
6 Areas of money challenge
1)Identify the root cause find out or understand the root cause why you having the money challenge,1)Relationship with the money, every one has money blueprint in there subconscious mind put the barrier between yourself and Money ,First change the money blue print,that can be changed
other reason may be mismanagement of money/Poor Management or temptation to buy wants and too feel spirituality about money ,money is form of energy or reason may comfortable zone don’t want to start something new that can create passive or additional income streams ,
Money is an idea ,why don’t have money1)Negative programming in child hood days ,2)poor mismanagement about money ,3)finding out the creative ways to generate money,
Money management system ,Few simple habits ,have current account and split into TWCGO Saving account ,
1)Tax account – 30%
2)wealth – 10%
3)charity -10%
4)general – 30%
5)Operations – 20%
2) Simple habits to money management, its not making money we should learn to manage the money .
3) Mentor who can guide to money management find somebody to take care of money management
4) be a part of biggest community
5) Marketing – money is the value exchange ,be good at marketing and sales
6)Good at Investing money and multiplying ,different asset classes ,Diversification of assets ,MF,GOLD,SILVER,Invest in email list ,Investing ads ,tools ,building digital assets ,invest in yourself education .
Thank you Sidz….
#ILHDeeplearners
#ILHFamily
Thanks so much sir namaste 🙏
Glad to serve you.
To start a business, one of the biggest challenge most of us face is Money Challenge. We should look at it as opportunity rather than challenge.
My to takeaways –
I. Root causes of money challenges – 1. Relationship wit money (Money blocks), 2. Mismanagement of money, 3. Being comfortable with what’s there (Comfort zone).
II. Must realize that money is just a means and it’s not good or bad. What’s important is how we perceive money.
III. TWCGO money management habit – T – Tax a/c, W-Wealth a/c, C-Charity a/, G-General a/c, & O-Operations a/c.
IV. Have a mentor.
V. Be a member of a large community of likeminded people.
VI. Must be good at marketing / sales – this is how the money will flow to your account.
VII. Invest money in right places. Can have a financial adviser.
#ilhdeeplearner #ilhfamily
Thanks for sharing, Sanjay.
#ILH Deep Learner
How To Deal With 💰 Money Challenges
While Growing A Bussiness.
First of all Siddharth RAJSEKAR for sharing such priceless & Powerfull
Nugets regarding bussiness.
The takeaways are as under :
6 Core Areas Of Money Challenges.
Every successful business has gone
Through money challenges weither
Growing or starting a business. Money
Challenges will be there while starting
Or scalling up your business. Don’t look
It as a challenge, look it as a opportunity to get more creative &
Level up your game in the industry &
Make it happen for yourself.
There are 6 Areas of 💰 Challenges
01 : To understand a root cause Why you Are having a money challenges?
Most people have money challenges
There are 2 or 3 areas.
01 : Relationship with money some people have thought that money is
Root of all 😈 evil you should not be
Greedy why money is not coming into
My life. This is because of programming
Set in your mind since childhood.
Understanding the up bringing the
Programming of money because everyone has money blueprint inside the mind. Best part is blueprint can be
Changed.
02 : The 2nd reason of not having money is mismanagement of money or
💩 Poor relationship with 💰 money..
03 : The 3rd challenge of money is
Because of you are in comfort zone. May be you are not ready to face
Obstacles & challenges to create new
Additional streams of income for your
Self. 💰 Money is an idea.
02 : How To Manage Money In Simple
Way
You should have a Current account
Which will be your main Bussiness
Account. You can allocate into 5
Accounts i; e T W C G O
Tax : 20% of your income should go into
This account.
Wealth : 20% for wealth
Charity : 10% for charity
General : 30% for 🏡 household stuff
Operations : 30% for scalling 👆 up your
Bussiness.
In fact you can change it according the
Flow of money.
It’s not about making money it’s about
Managing money.
03 : While going in digital bussiness you
Need to have a mentor .Mentor could
Be your accountability partner. You
Have to follow the mentor with closed
Eyes don’t try to reinvent the wheel. This
Is best part of following the mentor who
Will guide you step by step. Some body
Who really cares for you not just having
Transactional relationship with you.
Find a Mentor.
04 : Be a part of bigger community &
Follow the system. If you are in a
Community of like minded people. It’s
Definitely going to help you dealing with
💰 Money challenges.
Be a part of bigger Community.
05 : Marketing : You have to be good at
Marketing & Selling. 💰 Money is a
Medium of Value exchange to happen.
Once you are good. at. selling. &
Marketing you are a master of your
Economy.
06 : How To Deal With Money Challenges
While Growing Online Business
You have to be good. at investing
💰 money & multiplying your money.
You can invest your money into
Different asset classes. You can invest
In gold & silver for long term Email list
Can be your asset class. Investing in
Leads, Advertising can be your assets.
Best investment is to invest in yourself
In perfect courses just to scale up your
Game in the industry.
Nutshell : You cannot do the same thing
And Expect Different Results.
Thanks a ton
God bless you
These are great insights, Firdous.
Sir give ing a value able information thanks so much sir namaste 🙏
Thanks a ton, Muraleedharan.
#ILHDeeplerner
There are 6 core areas to deal with money challenges :
# Understanding the root cause ,As how you have a relationship with money.
# Poor management with money .
# Just want to be comfortable with your job and you don’t want creative ideas to generate different sources of income .
# Simplify your way of living .
#TWCGO Formula .
# You have one current account and you can have 5 different SB bank accounts for below operation.
T _ Tax _30%
W_ Wealth Account _10%
C _Charity _10%
G_ General _30%
O_ Operation _20%
# While running your online business you need to have a mentor and you have to surrender to him to guide you to grow .
# Money_ Inculcating a good habit .
#Be a part of a good community like ILH. you will find like minded people.
# Marketing _become good in marketing and sales .
# Investing your money with the guidance of experts for long term investment .
# Invest in an email list. Invest in leads .invest in tool. building in digital assets .
# Invest in your regular skill sets .because if you are not growing then you are dying.
Thank you, Praful.
#ilhfamily
#ilhdeeplearner
6 core areas how to handle money challenges
Money changes are a part of life. It is better not to see them as challenges rather than see them as creative opportunities…
1. Identify root causes. There are 3 root causes of money problems we have in life…
(A) Money mindset: Sub-conscious mind has a poor relationship with money due to circumstances faced in life right from childhood days
(B) Money management: Poor ways of saving and investing money.
(C) Comfort Zone: Too satisfied with the stable source of already existing income sources… Meaning no willingness to increase the income or income sources…
To deal with these causes of money challenges, new money-related habits need to be installed…
2. One Main business account receives all the money earned. Then from here, money gets distributed into 5 different streams/ accounts. 30% goes into the tax account (T), 10% to wealth (W), 10% to charity (C), 30% to General daily expenses (G), remaining 20% to business operation (O).
sidz/wealthy.com is a source where we can learn TWCGO formula better…
3. Finding a trustable mentor for money management: One who cares and gives guidance right for you. Not focussed on pushing you into buying products. Better to not apply your own brains here. Just follow your mentor blindly.
4. Be a member of a community of like-minded people so that you fill in the gap in knowledge, attitude, and practices related to money.
5. Master your marketing skills. This will stabilize your income and make it more predictable. The more predictable the income the better money can be managed
6. Invest: Better to invest in multiple areas of assets. Stock markets, Gold assets, etc. Investing in your own business and your education is also one form of investment. Get help from a financial advisor.
If you are in the mindset of a business owner, you have to start managing your money like one.
The quote I like best. It hit me hard: “If you are not growing, you are dying”.
#ilhfamily
#ilhdeeplearner
More power to you, Ruby.
#ilhdeeplearner
Look at this as an opportunity to make things happen rather than a challenge
6 areas on how to deal with money challenges
1. Understand root cause of why you have a money challenge
– Relationship with money i.e ideology and blueprint with money is wrong since childhood
– Mismanagement of money
– You are in comfort zone like whatever is there is sufficient
2. Habits
– Inculcate simple and effective money making strategies
– TWCGO
T – Tax Account (here you put money for tax purposes)
W – Wealth Account (here you put money for personal wealth creation purposes)
C – Charity Account (here you put money for charity purposes)
G – General Account (here you put money for household expenses)
O – Operations Account (here you put money for growing your business)
3. Mentorship program
– Find an accountability partner in your mentor
– Surrender completely to your mentor
4. Be part of a bigger community
– Find like minded people and help each other out with money issues
5. Marketing and selling
– Create value
– If you are good at marketing and selling you will have control over your own economy
– You will be in a much better position to generate more money
6. Invest and multiply money
– Find a good investment advisor
– Invest in gold/silver/diamond
– Invest in yourself for self growth
NOTE:
1. IF YOU ARE NOT GROWING, YOU ARE DYING!
2. MONEY IS ENERGY!
3. SMILE A LITTLE!
Thanks a ton, Paratit.
Great insight about dealing with money. Thanks a lot .
There will be money challenges in life, but instead, take it as an opportunity for get things happen by being creative.
6 areas of Dealing with Money challenges while growing a business
1. Understand the root cause – why there are money challenges-
a. your relationship with money(belief) -negative thought about money , so there is barrier between you & money, so stays less with you. Money blueprint in mind needs change, if it believes that money is bad.
b. Poor management of money – overspending, tight-fisted with money, or thinking that no money
Money is energy, so manage it well
c. Being in a comfort zone-don’t want to work extra to create additional income- Money is an idea.
2. Habits – Inculcate some simple habits of money management. Divide your money into 6 six different buckets or use TWGCO formula. -Best Money management formula for online business
Main Business account- receivable account – goes to 5 different bank accounts-
Tax 20% , Wealth 20% , Charity 10% , General – personal use 30% , Operation( business) 20%
this is the basic structure- Can change the percentage based on inflow, learn through a course which can help more
3. Find a Mentor- Accountability partner – surrender to your mentor
4. Be a part of Big community (like ILH)- find like minded people helping you to manage money
5. Be good at Marketing & Sales – get control over your business economy ( keep moving )
6. Good at investing in money & multiply it – long term investment -connect with experts, can invest in gold & diamond, invest in email list- leads- tools – Fb ads, invest in education(yourself- personal learning) – As T. Harv Eker says, ” If you are not growing(learning), you are dying.”
If you have a mindset of a Business person you will always invest and grow it.
You cannot do same things in life & expect different results, so change your thinking & get out of your comfort zone.
Thanks for your feedback, Jyotsna.
#ilh family
#ilh Deep learner
1. Understand the root cause of money.
a. Programming your mind about money.
b. Mismanagement of money.
c. Being in a comfort zone. (Not in a creative way to generate money).
2. Simple money management
T- Tax 20%
W- Wealth 20%
C- Charity 10%
G- General
O- Business Operation
3. Getting a Right Mentor
Surrender yourself to the mentor completely.
4. Be a part of a bigger community
Always surrender yourself to like-minded people.
5. Marketing
Be good at marketing and selling.
6. Good at investing and multiplying your money.
a. always look at long-term investment.
b. invest in leads and tools.
c. invest in gold, silver, and diamond.
d. invest in yourself and your education.
Thanks a ton, Chinna.
*** MONEY CHALLENGES ****
lets break through the limiting belief …
6 area
first area … the root cause …
your relationship with money … how you feel about being rich … what you feel subconsciously
whats your blueprint regarding money…. change the money blue print
WRONG MANAGEMENT OF MONEY ..
you are just comfortable …. you are not finding out creative ways to create more money
money is an idea….
how do you really manage money … the magical jar system …. TWCGO management
tax 20% wealth 20% charity 10 % general 30% operation 20%
learn it with wick…
learn money management … with a right mentor …
find someone who care for you …
be a part of bigger community ..
where you can find like minded community ..
who are good at managing money …
you will learn automatically ..
you learn the game of marketing and selling …
you will be able to generate more money …
you can predict how much money you will make .
learn how to invest …
invest in right portfolio
investing in lead generation..
investing in your education….
identify the roots cause
learn the money management system
follow the mentor
learn the art of marketing and selling
learn to invest …..
you have to start thinking as business owner … dont have employee minset …
#ilhdeeplearner
#ilhfamily
Great to have you in the community, Meenu.
Key takeaways:
6 areas
______
1. Identify the root cause :- a) relationship with money and b) poor management of money. Change your money blueprint and it is possible.
2. Develop money management system:-
Tax – 20%
Wealth – 20%
Contribution – 10%
General – 30%
Operations – 20%
3. Choose mentor and surrender to him/ her
4. Be part of a community
5. Learn and do marketing properly
6. Good at investing and multiplying money –
a) Investing in long-term investment
b) Investing in gold
c) Investing in email list, leads and toils
d) Investing in yourself and your education
Develop business owner mindset and invest and grow the business.
#ILH Deep Learner
More power to you, Ananya.
How To Deal With Money Challenges While Growing A Business
#ILHDEEPLEARNER
Most people having money problem has come from the 3 root cause,
1. Your relationship with money: The seeds that planted when you were young and child that money is the cause of every evil , you should not be greedy. So 1st you have to change the blueprint you have in your Mind by having abundant and prosperity mindset.
2. Mismanaging money: spending money without thinking.
3. Being in comfortable zone: not finding out creative ways to generate money.
Money is an idea , it’s an energy
Second part is about habits:
Follow simple money habits:
1. Divide your money in 5 buckets:
You should have current money where the money is coming and then divide this money in 5 different accounts
T- Tax- 30%
W- Wealth- 10%
C- Charity- 10%
G-General- Household Stuff- 30%
O-Operations(Business)-20%
2. Managing Money :
Sidz.co/wealthy
3. Getting a mentor: mentor is like an accountability partner. Surrender to him and follow him completely without thinking from your brain.
4. Be a part of bigger community: find like minded people and stay connected with them.
5. Marketing & Selling: You need to be good at marketing & selling. You need to learn to create value and money is the transaction of value happening between you and the other people.
6. Good at investing & multiplying your money: find a good adviser and invest as per as advise. Invest in long term (10-15 years), invest in gold & silver, invest in email list (by generating leads), invest in tools, ads is a form of digital assets, invest in your education.
Thank you, Vivek. Great Insights.
Todays Learnings: Sidz had to pawn wife jewellery to start courses in business. Root causes: 1. Relationship about money: Example you have in your mind that money is not good, money is evil. 2.Poor management or Mis management of money.
3.Comfort Zone: Money is just an idea.
Habits: 1. Have a business account or receivable account.
2. From this single bank account you need to have 5 other bank accounts to diversify accordingly.(TWCGO) You will actually learn money management with this course By Getting an mentor Who is the right person wears what mentor scared.
3. . Be a part of bigger community. 5.Marketing & Selling you have to be ready How I teach people about their Owen marketing. Invest in Gold and Silver Invest in your education Invest in mutual funds Invest in your personal learnings keep adding new tools to your tool
I’m glad you found this learning journey valuable, Karthik. Great takeaways!
Thanks for sharing, Rahil.
#Ilhfamily #ilhdeeplearner
Money is energy and is a value exchange. Everyone faces many challenges regarding money during their lifetime for various reasons.
These Challenges could be dealt in 6 steps.
1. Thinking deeply about the root cause.
2. There are three aspects of money – making money, managing money and multiplying money.
3. Money comes from sales. And one needs to find ways to generate leads and convert them to buyers. This requires skills. Find a mentor for learning skill. Surrender to a passionate mentor.
4. The money earned needs to be managed well. The first thing is to lead a simple life. Do not get attracted to unnecessary commodities.
5. Manage money through the system of TWCGO to have a clear understanding that the money earned needs to be used in a particular way to sustain your lifestyle.
6. The surplus money to be utilized in investment in MF, Bonds, Gold & silver, Land. A substantial part to be also spent in developing skills and knowledge/learning.
#ilhdeeplearner #ilhfamily
My key takeaways interspersed with my thoughts and learnings:
Investigate and understand your subconscious programming of your relationship with money. It would be hard to install new programs of prosperity on an OS that is outdated and have viruses on it.
Establish healthy money management habits. Find a mentor who can think for you. Passionately reinvest money back into your business. If you are not growing, you are heading towards extinction.
Think like a business owner! Not like an employee!
Awesome takeways!
🌟 “6 Steps to Overcome Money Challenges and Live a Life of Freedom” 🌟
Hey everyone! I wanted to share my thoughts on the amazing insights Siddharth sir shared in his podcast about dealing with money challenges. Here’s what I learned:
🔹 Step 1: Understand and Identify the Root Causes:
First, take a moment to think about why you’re facing money challenges. It could be because of your beliefs about money or not managing it well. By identifying these root causes, you can start working towards a solution.
🥈 Step 2: Form Good Money Habits:
Simplify your life and develop useful habits for managing your money. A helpful practice is dividing your money into different accounts for taxes, wealth-building, charity, everyday expenses, and business needs.
👉 Step 3: Find a Mentor:
Having a mentor who has expertise in managing money can make a big difference. Listen to their guidance and follow their advice to improve your financial situation.
✌️ Step 4: Join a Supportive Community:
Connect with a community of like-minded people who are good at handling money. Surrounding yourself with such individuals will help you learn from their experiences and adopt better money habits.
🖐️ Step 5: Master Marketing and Sales:
Learning effective marketing and sales techniques is essential for generating income and overcoming financial challenges. By honing these skills, you’ll have a better chance of achieving financial stability.
⭐ Step 6: Invest and Grow Your Money:
Investing your money wisely is crucial for long-term financial growth. Consider investing in assets like gold, silver, or personal development courses. These investments can help multiply your wealth over time.
🤜 Adopt a Business Mindset:
Think like an entrepreneur and focus on continuous learning, taking action, and delivering value to others. This mindset will set you on a path to financial success.
🤔 Change Your Thinking:
Shift your mindset to be more positive and solution-oriented. Instead of dwelling on money challenges, focus on finding creative ways to overcome them and improve your financial situation.
✅ I’m incredibly grateful to Siddharth sir for sharing these valuable insights and being an exceptional mentor to us. His podcast has been a game-changer in our journey towards financial freedom.
Brilliant points, Ram!