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LEARN HOW TO START, RUN, OR GROW YOUR CREDIT REPAIR BUSINESS

Money Mindset: Are You Holding Yourself Back?

By: Daniel Rosen September 01, 2020

What comes to mind when you hear the word MONEY? Maybe you want more of it. Maybe you’re afraid of it. Maybe you spend too much of it when you don’t have it. Maybe that’s why you’re reading this.

In this article, I’m sharing with you three money mindsets that could be holding you back and what you can do to get out of your own way so you can MAKE IT RAIN!

So many of us got into credit repair because we came from nothing, had nothing, or what little we had was being threatened to be taken from us by the giant banks and bureaus. 

Because of that, our thoughts in life about money - too often - are filled with stinkin’ thinkin’, which leads to decisions that could be keeping you stuck. 


Here’s Why This Is Important:

  1. If you don’t get your mind right about money - you risk staying stuck in a cycle of lack instead of a cycle of plenty
  2. Without the right understanding of how to leverage your money in your business, you could do like I did and spend way more than you have, with nothing to show for it. I’ll share more about that in a minute. 
  3. And lastly, if your focus remains just on money alone - you’re not seeing the BIG PICTURE and that will be the number one thing stopping you from growing beyond what you can even imagine.

What You Need To Know:

I’m going to give you 3 money mindsets, to help you identify if you’ve got stinkin’ thinkin’ - and if you need to make a change so you can be successful in business and in life. 

Money Mindset Number One: 

Bootstrapping is the BEST way to build your business! The fact is, you can scale a dollar at a time without going into debt. I know it's the opposite of what you hear a lot of gurus saying, but it’s true.

When I first started, I made the same mistake most entrepreneurs make. At one point I took a loan against my house and ran up all my credit cards. Eventually I ended up over $200,000 in debt JUST so I could pay to advertise a little $20 Credit-Aid CD! 

I couldn’t afford any of that debt and in the end, it did nothing for me. It was the biggest and most expensive mistake of my life.

However, it taught me one super important thing about money that has allowed me to build what is now a multi-million dollar 8 figure company. 

You don’t need to go into debt to scale. 

All you have to do is sell a little. Earn a little. Reinvest a little. Lather, rinse, repeat. If you can’t pay for advertising yet - chances are you don’t need to! You probably haven’t exhausted all the free opportunities to get in front of your community and network locally.

If you can’t afford an assistant yet - you likely don’t need one! Through the Credit Repair Cloud software, you can automate so much that it’s not until you’re having regular, highly profitable months, that you really NEED the extra help.

Bootstrapping is the best way to build your business from nothing. 

I still won’t use credit cards because I got in so much trouble with them in the past. I only use a debit card. I do not use personal credit. I do not use business credit. I do not believe in building a business with credit. I do not believe in investors. I do exactly what I’m telling you. And I sleep better at night without the pressure I used to have when I was buried in credit card debt. That was the worst!

Remember - never spend money that you haven’t earned yet. 

When you adopt this mindset, you’ll experience significantly more financial freedom!

Money Mindset Number Two:

Jen Sincero in her book, You Are A Badass At Making Money says, “Take responsibility for the fact that you created everything in your life via your thoughts, beliefs, focus, actions, and energy and that you have the power to shift your mindset, raise your frequency, and create new things that will serve you better. Get out of your victim mode and into badass mode and be diligent about your mindset.”

Many of us come from a background of lack. Several of our Millionaires Club Members lived in their car, grew up without enough food on the table, and even me! I lived homeless on the streets of LA when I was 13. 

The one thing that all of us who have overcome this have in common is that we believed we could change our lives. We focused our energy and shifted our intention to plenty instead of lack. 

Does that mean it was easy, or suddenly money just fell in our laps? No! Of course not. It was really hard! I had to change habits, make decisions, and stay disciplined. 

But what I really want you to recognize here is, if you have pain, uneasiness, or doubts when you think about earning a six, seven, or eight-figure income, you may be making small decisions every day that are sabotaging your success and keeping you stuck. 

Dig into those feelings and if you really want an easy and fun read about money mindset, pick up Jen Sincero’s book, called “You Are A Badass At Making Money!”

The Final and Most Important Money Mindset Is:

Value people over dollars. What do I mean by that? So many entrepreneurs start their business one day, and the next day they want to be making a ton of money - no matter the cost. 

I went through this. My twenty dollar CD came with a money-back guarantee. But do you think I wanted to give that money back whenever somebody acted on it? NO WAY! I needed that money to eat!

So I’d get mad. I’d try to negotiate. I’d make it difficult for them to return it. I hated having to give up that twenty dollars because I worked so hard to make that sale in the first place.

But do you know what happened when I started focusing on the lives our software changes, the people behind the transactions, and the purpose of our company instead of just the revenue?

Our customers were happier, there were fewer returns (which I began to give freely and without frustration), and our revenue skyrocketed! And still does, month after month. 

When your first focus is on changing lives, the money will naturally follow… and follow fast. 

So set your intention to make a difference, to help, to add value, and to make your life, your family’s life, and your community’s life better and your business will explode. Just like mine has! 

One credit repair entrepreneur, Jeff Rubens, knows this better than most. He says caring about customers is what makes you a Credit Hero and it’s what fuels the mission of his million-dollar credit repair company.

Before starting his own credit repair business, Jeff worked for a very large credit repair company. Based on his experience in “big credit repair” he wanted to do things better. As a smaller company, you can provide a more personal touch, Jeff says. He credits his own credit repair company’s growth to his commitment to providing the best possible customer experience.

He and his team do this by: 

  • Caring about people’s dreams, aspirations, and goals by doing everything possible to help people achieve them
  • By making sure that when a customer calls, someone always answers the phone
  • And by using tools like Credit Repair Cloud to save time and give more attention to his clients

Jeff says “When you recognize that people are trying to do something better for themselves and for their families, it makes you feel really fulfilled to help them.” - and I couldn’t agree more!

So if you’re ready not just to potentially make a million dollars in your own credit repair business, but to truly change lives, I want to invite you to become a Credit Hero by joining my Credit Hero Challenge today! 

Be sure to subscribe on your favorite platform below!

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Topics: Podcast

Transcript

0:00  

Money! Money! Money! What comes to mind when you hear the word money? Maybe you want more of it, maybe you're afraid of it, maybe you spend too much of it when you don't have it? Maybe that's why you're here? In this episode, I'm sharing with you three money mindsets that could be holding you back. And I'm going to show you what you can do to get out of your own way so you can make it rain. So stick around. 

 

So the big question is this. How can we take our passion for helping people with their credit and turn it into a successful business without taking loans without spending a fortune by bootstrapping it from nothing so we can help the most people and still become highly profitable? That is the question and this podcast will give you the answer. My name is Daniel Rosen and welcome to Credit Repair Business Secrets. 

 

So many of us, we got into credit repair, because we came from nothing, or we had nothing, or what little we had was being threatened to be taken away from us by the giant banks and bureaus. And because of that, our thoughts in life about money, too often, they're filled with stinking thinking. Which leads to decisions that could be keeping you stuck. Here's why this is important. If you don't get your mind right about money, you risk staying stuck in a cycle of scarcity instead of a cycle of abundance. Without the right understanding of how to leverage your money in your business, you could do like I did, and spend way more than you have and wind up with nothing to show for it. I'll talk more about that in a minute. And lastly, if your focus remains just on money alone, you're not seeing the big picture. And that is going to be the number one thing that stops you from growing beyond what you can even imagine. So here's what you need to know. I am going to give you three money mindsets to help you to identify if you've got stinking thinking, and if you need to make a change, so that you can become more successful in business and in life. Are you ready? Money mindset, number one - bootstrapping is the best way to build your business. The fact is, you can scale a $1 at a time without going into debt. Okay, I know that's the opposite of what you hear a lot of people gurus saying. People always say, especially in our Credit Repair Cloud Community, “People keep talking about business credit, you need business credit to build your business. You got to name your company in a way that you get more business credit...” I say bull****! Bull****! All that's going to do is get you in debt. Okay? You don't have to get in debt to build a business. You just bootstrap from nothing. That's how I built Credit Repair Cloud. I was totally broke. And I built Credit Repair Cloud, and I launched it and I didn't incur any debt. I have zero debt to this day. When I first started my previous company, the one that I tried and I failed. I made the same mistake that most entrepreneurs make. At one point, I took out this huge loan against my house. And I rang up all my credit cards, and I got over $200,000 in debt, just so I could pay to advertise my little $20 credit aid CD. Now I couldn't afford any of that debt. And in the end, I didn't sell any software. I didn't sell anything. It did nothing for me. It was like I flushed away $200,000 it was the biggest and most expensive mistake of my life. But it taught me one really important thing about money that has allowed me to build what is now a multimillion-dollar eight-figure company. And here's what that is. You don't need to go into debt to scale. All you have to do is sell a little earn a little then reinvest a little, and then repeat, repeat. Repeat If you can't pay for advertising yet, chances are you probably don't need to. Okay, you probably haven't exhausted all the free opportunities to get in front of your community and network locally. If you can't afford an assistant yet, you probably don't need one. With Credit Repair Cloud, you could automate so much that it's not until you're having regular highly profitable months that you even need to hire extra help. So bootstrapping, it's the best way to build a business from nothing. Okay, I still won't use credit cards. I won't use credit cards because I got in so much trouble with them in the past. I only use a debit card. I do not use personal credit. I do not use business credit. I do not believe in building a business with credit. I don't believe in investors either. I do exactly what I'm telling you. Okay, exactly this. And you know what? I sleep better at night? Because I don't have that pressure that I used to have when I was buried in credit card debt. That was the worst. Do you know that feeling? It's like you're drowning. It's the worst feeling there is. So if you remember one thing I'm telling you in this podcast, remember this. never spend money that you haven't earned yet. And when you adopt this mindset, you're going to experience way more financial freedom. Okay, money mindset number two, Jen Sincero in her amazing book called You Are a Badass at Making Money. She says take responsibility. For the fact that you created everything in your life via your thoughts, beliefs, focus, actions, and energy, and that you have the power to shift your mindset. Raise your frequency, and create new things that will serve you better. Get out of your victim mode and get into badass mode and be diligent about your mindset. Many of us come from a background of scarcity. Several of our millionaires, club members, they lived in their car. They grew up without enough food on the table. And even me, I was homeless on the streets of Los Angeles when I was 13. You may have heard the story I juggled on street corners to make enough to eat. The one thing that that any of us who have overcome this, the one thing we all have in common Is that we believed we could change our lives, we focused our energy, and we shifted our attention to abundance instead of scarcity. Now, does that mean it was easy? Or that suddenly money just fell in our laps? No, of course not. It was really hard. I had to change habits, old habits. I had to make hard decisions, and I had to stay disciplined. But what I really want you to recognize here is if you have pain, uneasiness, or doubts, when you think about earning a six, seven or eight-figure income, you may be making small decisions every day that are sabotaging your success and keeping you stuck. So dig into those feelings. And if you really want an easy and fun read about money mindset, pick up Jen Sincero’s books It's again, it's called You Are a Badass at Making Money. Now, the final and most important money mindset number three is value people over dollars. Now, what do I mean by that? What I mean is so many entrepreneurs, they start their business one day, and then the next day, they want to be making a ton of money no matter what it costs. Now I went through this, okay, in my previous business, my little $20 CD, it came with a money-back guarantee. But do you think I wanted to give that money back whenever somebody asks for it? No way. I needed that money to eat. So I would get mad. I try to negotiate. I'd make it difficult for them to return it. I hated having to give up that $20 because I'd work so hard to make that sale in the first place. But do you know what happened? When I started focusing on the lives that are software changes, and the people behind the transactions and the purpose of our company, instead of just the revenue, well, here's what happened. Our customers were happier. There were fewer returns, which I began to give freely without frustration, and our revenue skyrocketed. And it still does month after month after month. When your first and main focus is on changing lives. The money just comes and it comes fast. So set your intention to make a difference, to help to add value, and to make your life your family's life and your community's life better. And if you do that, your business will explode. Just Like mine has. One credit repair entrepreneur, his name is Jeff Rubens. He knows this better than anyone. He says caring about customers is what makes you a Credit Hero. And it's also what fuels the mission of his million-dollar credit repair company. Before starting his own credit repair business, Jeff worked for a very large credit repair company. And based on his experience in big credit repair, he decided he wanted to do things better. So as a smaller company, Jeff says he can provide a more personal touch, and he credits his own credit repair company's growth, to his commitment to providing the best possible customer experience. He and his team. They do this by caring about people's dreams, aspirations, and goals by doing everything possible to help people to achieve them. And they do it by making sure that when a customer calls, someone always answers the phone. And they do it by using tools like Credit Repair Cloud to save time, so they can give more attention to their clients. Jeff says, when you recognize that people are trying to do something, to better their lives and to better their family's lives, it makes you feel really fulfilled to help them. And I couldn't agree more. So if you're ready, not just to potentially make a million dollars in your own credit repair business, but to truly change lives. I want to invite you to become a Credit Hero by joining my Credit Hero Challenge. And if you're finding value in the things that I'm sharing on this podcast, click below to subscribe. Okay. I don't want you to miss any episodes. And if you're feeling kind, rate me and give me a review because this is a new podcast that can use all the help I can get. And if you have a comment or a question, leave it down below so I can answer it. And I will see you on the next episode. So until then, keep changing lives! 

 

Hey, everybody, it's Daniel again. And really quick, I'd like to invite you to join what I believe is the best thing we have ever created inside the Credit Repair Cloud Community. And it is a challenge that we call the Credit Hero Challenge. If you're just planning out your business or you're just getting started, and you dream of having a successful business your own, so you can quit your nine to five and fire your boss and have financial freedom, or so you can add another revenue stream to your existing business, if that's your dream, you need to get into this challenge. We created this challenge to help you to create and launch your very own credit repair business. To build a proper foundation for a really successful business. This challenge is going to help you to understand the strategy, the tactics, and all the things you need to be successful at credit repair. It really is the greatest thing we have ever built, and it will change your life. So I recommend you do it right now. Stop everything, pause this audio, go online, and go to creditherochallenge.com. That's creditherochallenge.com and join the next challenge. And there's a challenge that's starting in just a few days. So go get started right now at creditherochallenge.com.

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