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I have written every day for the past 10 years. If you like to read, I've got your back - and I promise to challenge your thinking

Money Money Money

I’m not attached to people liking my ideas. And I don’t mind if they hate them. (OK, I’m human, it stings a little!)

But what I love most is to provoke people’s thinking. 

The word ‘provoke’ literally means to call forth.

When you provoke your clients’ thinking, it creates space for insight. And it calls forth new action or a new way of being.

Today, I want to offer you 5 ways of thinking about money that are designed to provoke your thinking…

1. $5K Thinking

“Set and enforce an aspirational hourly rate. If fixing a problem will save less than your rate, ignore it. If outsourcing a task will cost less than your rate, outsource it.

Get comfortable disappointing people whose expectations will eat your life up, one hour at a time.

It should seem and feel absurdly high. If it doesn’t, it’s not high enough. Whatever you pick, my advice is to raise it.” – Naval Ravikant

What’s your aspirational hourly rate? The number under which it would be crazy to do anything but hire someone else.

2. $50K Thinking

Build a boutique coaching business. Don’t charge by the hour. Charge for the value you create and the difference that you make. 

What would it be like if you were to no longer charge based on the number of hours you coach?

There’s a restaurant I sometimes visit, in Hawaii. It’s a simple beach restaurant but it has a $1,000 cheeseburger on the menu. Every coach who wants extraordinary clients, needs a “thousand dollar cheeseburger.” 

What’s at the top of your coaching menu?

3. $5M Thinking

Build a self-managing business by hiring leaders, not followers. Support your team members to find their Zone of Genius, in order to free you up to work in yours. Create an environment for your team where it is safe to disagree and to challenge the status quo. Tell your team what they are doing right, more than what they are doing wrong. 

Do you have a values-based business? Do you hire people more extraordinary than you

4. $50M Thinking 

Build a business that scales. Some entrepreneurs create the most value by simplifying things (that’s me, in case you haven’t noticed!). And some entrepreneurs create the most value by growing things (that’s my business partner). Dan Sullivan calls this a simplifier/multiplier collaboration. It takes everything to the next level. 

Be aware, scaling is not for everyone. But who would you have to be to create $50M/year? 

How would you have to show up differently, if you were coaching clients who are running $50M/year businesses?

5. F–– You Money

Back in the 1920s, the actor Humphrey Bogart used to keep a $100 bill in his nightstand at all times. That’s the equivalent of over $1,200 today. He referred to it as his ‘f–– you money’, because it meant he’d never be forced to take a part he didn’t want. He once said that the only good reason for making money was so you can tell anyone in the world to go to hell.

What’s your number? How much money would you need to happily turn down opportunities that you don’t want? And what if you could turn them down before you hit that number…?

Provoked?

Which of these ideas did you love? Which did you hate? And how will you show up differently in the week ahead because of them?

Love. Rich 

 

PS. In the spirit of you can never tell them enough! Here are my favorite resources for you…

PPS. There are just 5 spots left to join me at my once-a-year 4PC Accelerator and become a Powerful Coach… Command fees beyond the range of most coaches. Become sought after by clients. Develop provocative ideas. Build a body of work. And learn from my special guest: my friend/coach/consultant, Daniel Priestley. Daniel has built successful multi-million dollar businesses in Australia, UK and Singapore. He is a best-selling author and he’ll be teaching us a tool that literally gets potential clients knocking at your door. That’s not hyperbole, I’ve been using it for over 5 years…

PLUS, whenever you’re ready – here are 4 more ways you can drastically increase your income and impact as a world-class coach:

  1. Join Project Kairos to truly master The Prosperous Coach Approach. Don’t miss out… 
  2. Join me on two of my most popular programs: In How to Coach a Superhero, you’ll learn how to coach highly successful clients and do high-level group coaching. In Money. Money. Money, you’ll handle your limiting beliefs around money, and become financially fearless. There’s a special price to join both…
  3. Join me for a desert coaching adventure – at The Deep Dive, in Dubai, this December – to sit on one of my legendary hot seats… Only 2 spots left.
  4. If you get high on exciting ideas and like to act fast, there’s a single spot left to become my Protegé. You’ll absolutely transform your coaching business (and yourself). It’s a two year commitment and a $100K investment. Or reserve the final spot for a Thinking Partnership in 2022. You’ll join my 1:1 client alumni – some of the most extraordinary and successful coaches and leaders out there – including, Mark Silverman, Sumi Krishnan, Kelly Ramon, Jennifer Gresham, Jackie Knechtel, Todd Buterbaugh, Helen MacMillan, Annabel Hands, Becky Strauss, Christina Berkley, Jeanine Becker, Vanessa Horn, Terrance Thames, Destin Gerek, Evelyne Brink, Chris Libutti, Townsend Wardlaw, Tatiana Poliakova, Sylvia Rhode-Liebenau, Sara Milne Rowe, Madelaine Vallin, Gisela Lowenstein, Tracey Russell, Patty Ivey.
Transforming world-class leaders into world-class coaches.
That’s what we do.

If this sounds like you, let’s talk and explore if working together is a good fit.

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