Each and every one of us has a money cruise control that will affect the amount of income we generate in our business.
What’s a money cruise control? It’s the certain amount of money that you’re comfortable making. And, just like a car’s cruise control is set to a certain speed, our money cruise control is set to a certain income figure that, once you reach it, will be difficult to go over.
My client, Rebecca’s money cruise control was set to just over the mid five-figure range of $57,000. It didn’t matter what she did or how hard she tried – she just couldn’t increase her income past that figure.
Even following a major program launch, backed by a strong marketing and social media campaign, had enabled her to have a great month (and she thought she would finally be able to reach a six figure annual income) – something unexpected would happen the next month that would cause her sales to plummet, bringing her right back to square one.
While there can be many reasons affecting the setting of your cruise control – one of the main reasons is your family’s money legacy.
Your family’s money legacy (the lessons we learned from our parents through listening and observing how they managed money) and our beliefs and habits have a huge influence on the amount of money you generate in your business.
Some of the more common beliefs around money that have kept my clients’ money cruise control stuck on a low figure include:
- I’ll have to work hard to earn a decent living
- I have to sacrifice everything if I want to be rich
- I will never be wealthy – I just don’t have the talent
- If I earn more money, it’ll change who I am
- The only way I am going to make more money is by becoming greedy and uncaring
Are these beliefs similar to what you heard when you grew up?
Thankfully there is a simple, yet powerful way that you can increase the amount of money your money cruise control is set to, so you can finally reach your money goals.
This is something I take all my clients through during our Money Breakthrough Method Coaching program to help them break through their money barriers and see a steady increase in their income.
Here’s a brief overview of the process:
Step 1: Have a look at your sales figures over the last 12 months and determine the average figure of your five best months. Alternatively you can select to average out your five largest clients.
What’s your figure? Interesting, yes?!
Step 2: What’s the new figure you’d like to set your cruise control to? Before choosing your figure there are a few things you need to keep in mind. It’s important to choose a figure that is going to stretch you. However, the figure shouldn’t be so high that it seems unrealistic and impossible for you to achieve.
Step 3: Now that you have written down your new figure – what are three steps that you’ll commit to taking over the next few days/weeks that will help you achieve the new figure on your money cruise control?
Thankfully for my client Rebecca – once she identified and dealt with the unhelpful money beliefs that were sabotaging her efforts, reset her money cruise control to a figure she felt comfortable with, as well as some additional higher-end programs for her favourite clients, she was able to reach a level of income that she had only ever dreamed about.
Here’s to re-setting your money cruise control so you can finally reach your income goals.
If you’re ready to access more powerful activities like this one so that you can have life-changing money breakthroughs, you can! Right here: https://annemariecross.com/coaching1/money-breakthrough
What do you think? Was this helpful? What figure will you set your money cruise control to so that you can start to increase your income?
Here’s to increasing your monthly AND yearly income!
AnneMarie, Loved the steps and Rebecca example. Enjoyed you laying out how you can help clients. Title is great, catchy and kept me engaged throughout. Amazing how we can sabotage ourselves with this thing that is important and powerful called “money.” Thanks for sharing.
My pleasure Carol – glad you found the article helpful! Yes, it is amazing how we sabotage ourselves. Thankfully, there are powerful ways to overcome that!!
I’ve never thought about a “cruise control” on my income. I’ll have to give it more thought and do some of your suggestions, Carol.
Glad I was able to inspire some through around this Rachelle.
Annemarie, this is like the “financial neighborhood” concept I wrote about a couple of weeks ago. People have a comfort level with what they know, what they’re familiar with in their social environment as well. So part of putting their foot on the accelerator and breaking through to higher income levels is acknowledging that things around them may change … and becoming comfortable with the idea. Great tools you’ve provided!
Thanks Sharon – yes, you’re so right. Someone has to be comfortable in being comfortable with the idea of having more money otherwise they can continue jeopardizing their income!
Annemarie, this is an excellent article with many points to work on. I can apply them directly to my business and attitude towards money. Thanks for the tips and new beginning to reset my money cruise control.
Thanks Carla – I’m so pleased you found this useful and will use this in your business!
I’d like my best month last year to be my lowest month this year!;-)
Sounds like a fantastic goal Carol! Here’s to increasing your money cruise control and making 2011 your best year yet!
Our money lessons growing up absolutely have a profound impact on our ‘cruise control’ level of comfort. Lots to think about here!
Thanks Victoria – you’re absolutely correct! Our money lessons growing up can have a profound impact on the level of money we make. Thankfully we can change that!
So neat, I never heard of money cruise control. I wanted to know how to accelerate mine and appreciated your points on how to do that!
I’m glad you found the article helpful Elvie. Here’s to increasing the level of your money cruise control!!
Change your mind…change the world! Thanks!
Very powerful for sure Beau! Thanks for stopping by!
Loved the steps you provided in your article Annemarie. Taking the time to remove our unwanted limiting beliefs is so important for our overall life success.
It certainly is Deb – thanks for stopping by!