Step 2 is to implement the DIRT
system immediately and review your situation with it daily. If you
have spent time with step 0 and step 1, it is time to create both a
strategy and a tactic. Step 2 in the SOS system will allow you to
create both. A strategy is a plan that stretches out over time. It
has to do with long term goals and agendas. A tactic is something
that involves right now. Tactical procedures have to do with
the battle, not the war. Strategies have to do with the war. Most
people are caught up in the tactical. Either they, or their company
are simply trying to get from one month to the next or from paycheck
to paycheck. This is not a strategy. It is the tactic of crisis
management. If you really think about it, it is easy to understand
why most people are caught up in this behavior! It is because they
do not have time to get rich. They are too focused on the pennies to
pay attention to the dollars. "I'm too broke to get rich", they say.
Whatever you believe, you are right. However, it is a true thing
that you cannot give a starving man scripture without giving him
bread first. this is what the DIRT system is all about.
D
is for daily income.
It is a very good idea to have
cashflow coming in every day. Have this before you start large
investing or seeking get-rich -quick schemes. Exceptions to this are
the SIT system described below. Almost everyone fails to get rich
over night. Almost everyone finds themselves in immense emotional
stress if they suddenly have no daily income. They cannot focus on
the war because they are getting killed in daily battle. This is
nothing to take lightly when speaking to your clients and customers.
When you are selling an mediocre opportunity by 'hyping it up' you
are not concerning yourself with your customers 'D' or tactical
situation. This lack of consideration is an exact recipe for a short
term business relationship. So when Matt Gagnon started telling me
about the DIRT system, I thought it was a great idea. Most of my
long term business partners have gone through thick and thin with
me. I have seen them go broke and I have seen them get rich. I have
seen them fail nine times only to get rich on the tenth deal. This
website is number ten for me. Through all of this I have watched my
associates overcome their struggle with cash-flow only by
implementing (knowingly or unknowingly) the DIRT system. Find a way
to have some money coming in on a daily basis that perhaps does not
require 40 hours a week. We will post some ideas about this on the
employed and self-employed quadrant. You can even find ways to work
for cash part time that do not require you to be an employee. Do not
throw out the 'baby with the bathwater' when it comes to the D. You
already have some sort of passion or clear direction that you enjoy.
It may not be making you enough money. It will simply require you to
think differently about what you are doing in order to apply it with
financial intelligence. Don't give up.
I
is for investment income.
Once you have understood the need
for daily income you are ready for very basic investing. For the
sake of our SOS system, the I in DIRT is for investment research. Do
not attempt to perform sophisticated investing until you have
graduated from my SOS system, or until you have moved into step 3
and are 'paper trading' with a mentor. Paper trading is another word
for 'fake investing' of any kind. You may shop for real estate, but
do not buy it. You may watch the stocks, but only paper trade. You
may start looking for a business to start, but do not buy it until
you have finished all the steps in the SOS system. Find an
investment market that intrigues you, but do not spend a dime. Start
very very small. Your first investment technology in this system
should begin with trisecting your piggy bank. My mentor Robert
Kiyosaki promotes what I call the SIT system. It is powerful for the
beginner. You have 3 separate piggy banks, and everyday you put the
same amount in each of them starting with as much as you can afford.
One of the jars is S or Savings. The I is investing, and the T is
tithing, or giving. It is important to understand that once you have
managed to put a dollar in each jar, try adding zeros to the amount
you put in each. For example if 1 dollar a day is easy for you make
it 10 dollars a day. If 10 is easy, go for 100. Whatever the amount
you decide to put in, make sure it is realistic but that it also
makes you sweat just a little. Most people cannot even perform this
simple daily piggy bank task. Do not borrow from your piggy banks.
Most people do not do this even when they are told it will
discipline them for immense wealth. If they could discover the
reason why they cannot perform one simple little task they would
also discover THE reason they cannot take action and som
remain broke! This is because they do not understand the power of
habit- or because they already have money. They may be satisfied
with what they have. They do not understand that Tony Robbins still
uses the SIT system. So does Mr. Kiyosaki and other wealthy mentors.
These people put in millions of dollars per piggy bank instead of
the hundreds.
R
is for residual.
You need to be working on a
residual income. You must begin thinking in terms of residual
income, and moving towards any ideas and innovations that point you
in this direction. A residual income in sales is much different than
regular direct sales. For example, if I am a car salesman and I sell
a Jeep Cherokee on my lot, I will make a commission on that sale. I
do not make any more money unless that customer returns in a year to
buy a new car. This is NOT a residual income. Another example is the
real estate agent. If I am a real estate agent and I train a partner
in real estate, they can go out and open their own firm. I have just
trained my direct competition. A residual income is something that
is not as threatened by these kinds of competitive scenarios.
For example in Network Marketing
you train your business partners to compete with you ON PURPOSE so
that you may profit from their success. There is no worry about
creating competition. If you sell a Jeep Cherokee and your customer
goes and tells their friends, you will not receive a share of the
profit when they go and buy a a Jeep in another town. In Network
Marketing you do. Just like shady car dealers, there are shady
Network Marketing companies.
Another example of a residual
income is copyright royalties from songs, books, games, photographs,
movies and other intellectual property rights. All of these need
legal protecting and can provide income as long as they are used in
any situation. For example, my wife used to be a professional
weightlifter and model. I was standing in line at the supermarket
when I picked up a magazine called 'Shape'. On page 48 I spotted a
rather attractive women and to my astonishment, realized that it was
my wife Ramona. We called the photographer and began the long ordeal
of making him pay for the use of the photograph. In the end she had
not signed the correct paperwork to allow her a residual use of the
photograph. This mistake occurred largely because she was young and
not as financially educated as she is now. The moral to the story
is: Protect your intellectual and artistic properties.
There are many other residual
based incomes that have varying degrees of risk
T
is for Taxes.
You can hear more about the 'T'
when you buy Matt's seminar in our products section. 'T' is for
taxes. The main thing to understand is it is not how much your earn,
but how much you keep. It doesn't matter how much money you make if
you are bad at managing your money. If you are not applying the SOS
system, or at least the DIRT system, you probably are not keeping
what you should. If you are not in business for yourself you are
probably not keeping what you could be keeping. If you want to know
more, go back to Step 0, "Begin with the end in mind".
