Week 9 – Day 3 Homework

Let’s dig into Profit First!

Any stories going through your head while you were listening to that conversation with Mike Michalowitz?

  • This sounds great to do one day
  • I don’t make enough money to do that
  • It won’t work for me because of…
  • It feels scary and so out of my comfort zone

The truth is that this system works perfectly. It guarantees that you are profitable from Day 1 and it can be incorporated into your business with your very next check.

I have all my accounts through USAA and it took only 15 minutes to set up the 5 accounts.

One you do this, you’ll feel a shift in your relationship to money almost instantly.

  • You’ll have your profit put away
  • You’ll have your pay for the gig
  • You’ll have your taxes put away (and earning interest)
  • You’ll have your operating expenses put away

My 5th account is where Income goes until it’s really mine. A gig deposit, a 12-month coaching payment (I transfer it monthly from Income to the other 4 accounts). I like to keep it there in case something goes haywire and it’s not really mine.

Find a place to get these accounts set up – online or in person. Especially if you are thinking it’s not for you, or it won’t help you. DO IT!

Here are the additional resources Mike promised us during the interview. They are very good and can actually guide you through the process if you aren’t going to read the book.

Permission (a Request) to Doodle

As an additional challenge for today, will you allow yourself time/space to ‘doodle’ around what a viral video might look like for you? They are created every day… what if it’s your turn next?

And while it’s rolling, here is the first of the three interviews by viral video stars.

Download the Interview in MP3 format (Right Click | Save As…)
Big homework day, I know. I hope you’ll eat it all.