Don’t Risk Losing Your Money…

Summary

• I can't ask to get paid sooner, but I can ask to work longer hours.
• I can ask for partial payments; some clients are open to this, while others are not.
• My goal is to cover my costs with the partial payments and let the profit come from the remaining payments.
• I'm willing to risk my profit but never the principal amount.
• I make sure that losing money is never a possibility in my decisions.
• By consistently avoiding loss over time, I end up making money.

Video

How To Take Action

I would suggest implementing these strategies to optimize your business or personal growth.

Ask to Work Longer

First, negotiate for more hours instead of early payments. Working longer increases your output without putting pressure on clients. More hours can lead to more opportunities and demonstrate your commitment and reliability.

Propose Partial Payments

Next, ask for partial payments. Some clients are okay with this while others might need convincing. The goal here is to cover your costs upfront. This reduces financial stress and ensures you can keep operating without dipping into savings or taking loans.

Cover Costs Before Profit

Ensure that your partial payments cover all your operational costs. This includes supplies, rent, and salaries. Let the remainder payments represent your profit. By doing this, you safeguard yourself against losses. This method shields your principal amount, ensuring that only your profit is at risk.

Minimize Risks

Make decisions that minimize risk. Avoid making moves where losing money is a possibility. Careful planning and measured risk-taking ensure long-term success. Always assess every decision for its financial impact to keep your principal intact.

Consistency Pays Off

By consistently avoiding losses, you build a stable financial base over time. Focus on consistent, small wins rather than chasing big, risky payouts. This amassed stability compounds, leading to sustainable profit growth.

Integrate these low-cost, high-value tactics into your routines. They’re easy to implement, require minimal investment, but yield significant results. Guarding your principal and focusing on consistent, low-risk strategies will pave the way for long-term success.

Full Transcript

you can't ask at all for it to get paid sooner so can you ask to work later I can ask to do partial payments and some schools are very open with that and then some schools are not then I would want my partial payment to cover my costs and then let my profit be this the rest of the payments like I'll risk my profit I don't risk me losing money I just don't let losing money be a possibility in the decisions that I make and if I do that for a long period of time I end up making money