Need a bigger financial shovel? Here’s how

financial shovel

A listener asked: Dan, I recall a 48 Days Radio Show episode during which you spoke of real estate as an example of a large financial shovel.  Would you please share other examples of a large shovel you can think of?  Paul Sure – I love even thinking about this.  Many people get a paycheck each week – it’s predictable and not going to change quickly.  But if you’re looking for ways to get a big shovel, here are some possibilities: 7 Ideas For a Big Financial Shovel 1. Create a real estate transaction.  You’ve seen the TV shows, just … Read More

Want to be more productive – try doing less

time to dream

Henry Ford once said he didn’t want executives who had to work all the time.  He insisted that those who were always in a flurry of activity at their desks were not being the most productive.  He wanted people who would clear their desks, prop their feet up and dream some fresh dreams.  His philosophy was that only he who has the luxury of time can originate a creative thought. Wow!  When’s the last time your boss told you to quit working and do more dreaming?  Unfortunately, our culture glamorizes being under time pressure. Having too much to do with … Read More

Why profits are better than wages

Dan explores some fundamental questions: what is the difference between residual income and linear income in both providing security and motivation?

This is a tough issue.  We are in a culture that has taught us to expect wages for our time.  The person who makes $10/hr wants $12 and so on.  The attorney who makes $100/hr wants to work his/her way up to $200.  Whatever the level, we’re talking about wages, or linear income.  Is your income linear or residual?  Here’s how you can tell.  Just ask yourself this question:  “How many times do you get paid for every hour you work?”  If you answered, “Only once,” then your income is linear – you are making wages.  Salaries offer linear income. Doctors … Read More

Are you self-employed?

In live seminars I often ask, “How many of you are self-employed?”  Typically, about 30% of the audience will raise their hands.  Then I ask, “How many of you are working for yourselves?”  A few more hands go up.  Then I may ask, “How many of you currently have only one customer for the services you provide?”  Eventually, everyone realizes that no matter what the situation, we are all really “self-employed.” The company is not going to pay your mortgage or choose the private school you want for your children.  You must do that based on your ability to provide … Read More

This is the way to live your life – and sell onions

A coaching client recently gave me a copy of Radical Hospitality – Benedict’s Way of Love by Daniel Homan, Lonni Collins Pratt. Here’s a little story from that book that got my attention: We have also lost our souls in the marketplace, in the bickering, the negotiating. Must we position ourselves as productive winners all the time?  Go with me to a corner of the sprawling market in Mexico City where an old Indian man named Potalamo is selling onions.  Twenty strings of onions lay in front of him.  A guy from Denver walks up and asks, “How much for … Read More

Are entrepreneurs born or developed?

Recently on  my podcast, listener Paul Vandermill asked, “Can becoming an entrepreneur be a progression rather than a predisposition?”  Really, are entrepreneurs born, or do those traits develop over time? I love that question.  Is a person just born an entrepreneur or can anyone learn to be successful on their own?  There is no “right” or “wrong” about being an entrepreneur.  But you need to ask yourself if it is a fit for you.  Here’s an overview. DO YOU HAVE WHAT IT TAKES TO BE AN ENTREPRENEUR? Do you have what it takes to do something on your own – … Read More

Is it a dead cow or just spilled milk?

There’s an old Texas saying that goes:  “It doesn’t matter how much milk you spill as long as you don’t lose your cow.”  In other words, what we see as “failure” may not really have diminished our ability to contribute, produce or earn an income. If you lost your job, is your cow gone?  If your business bombs, is your cow gone or have you just lost a valuable but replaceable carton of milk?  If you have an accident and can no longer hammer nails, is your cow really gone? Ten years after starting Apple, Steve Jobs was fired by … Read More

I leaned into my future and saw this……..

Last week we had our annual sold-out INNOVATE event here at the Sanctuary.  These were people who were willing to fire up their imagination and dream about what is possible.  The diversity in the room was awesome.  As I read through their registration responses I saw those who were a deputy sheriff, car salesman, concert promoter, carpenter, seamstress, dance teacher, video producer, blogger, artist, writer, restaurant owner, banker, stay-at-home mom, photographer, ex-nun, glass sculptor, teacher, e-Bay entrepreneur, speaker, lifestyle evangelist, software developer, tree eater, podcaster, doggy daycare provider, internet salesperson and more. We heard from presenters Deby Dearman, Ken Davis, Bob Baker, … Read More

I’m living the American Dream man!

This week I was eating lunch with one of my granddaughters at Taco Bell (yes, it’s easy for vegetarian grandkids).  Sitting nearby were two overweight workers, with names and company represented clearly on their shirts.  Another guy walked in, recognized them and asked, “Hey, how’s it going?” To which Lee responded: “I’m working just enough to look busy and then I go home and knock back a few beers.  I’m living the American Dream man!”  The next day I had two young workers here at my office doing some rearranging on our irrigation system.  They both complimented me on the … Read More

I have a problem

A few weeks ago I acknowledged a growing challenge with the sidewalk leading to our front door. A full 10ft section had buckled up about 6 inches because of tree roots underneath.  That had ruined the gentle flow of our sidewalk and had created a dangerous lip for people to walk over.  So yes, I had a “problem.” Or was it something else?  When our children were small we never allowed them to come to us with a “problem.”  Rather, it was “an opportunity for a solution.”  And I’ve approached every situation in my business and life in the same way. … Read More