I’ve learned some very important principles from Jonathan Budd in this process that have catapulted my own ability to be successful within whatever niche or industry I choose.

What is your definition of success? And what would you add to this video?

Looking forward to your comments…

Click here to view the embedded video.

Yours in mastery and success,

PS So, what would you add to the conversation? What is working with your online business right now? Have you gotten the skills and knowledge necessary to be successful? Are you plugged into the best network of like-minded people? Have you shifted your mindset to be a SERVANT or a GO-GIVER?

Make sure and subscribe to my NEW FREE OFFER so you can receive my 26-page Blogging and Social Media Diagnostic Report and Complimentary Consultation…

There’s a simple reason for that…  ‘most’ people (97% of the public) have no business going into business for themselves. They don’t have the right mind set, or the fortitude to stick with it, or to be teachable, or the strength to see it through to the point where financial freedom shows up.

So… what I’ve put together here today is a list I gathered at a seminar (by James W. Rickard of the Stewardship Services Foundation) recently that may be the missing element for at least ‘personal financial stability’ that the majority of people can put to practice with a few shifts in organization and self control.

If put to practice you’ll find yourself free from financial stress, void of unnecessary spousal tention over money, and living a life of comfort and peace.

1. Control your emotional spending. Never carry more than $50 in your wallet or purse (I recommend $20 for emergencies only) and if the item costs more then you need to either take a lap around the mall or the store or go back home and discuss the item with your spouse as to whether it’s ‘necessary’ or just something you ‘want’…
2. Learn to save money. Put $100+ per month into savings. If you average a 7 1/2%  return over 40 years, you will have at least $302,382 at age 65.
3. Learn to spend less than you earn. (Proverbs 21:20) Leave a solid gap between your spending and your income. Put the extra away in savings so you have money for those unexpected expenses.
4. Don’t finance pleasure items: vacations, cruises, time shares, boats, motor homes, etc… This needs to be non-negotiable.
5. Have cash in an emergency fund. Set different goals as you go. Start with wanting to have $500 in an emergency fund account, then raise it to $1,500 and then $5,000 as fast as possible. Don’t use a credit card! Save up and pay yourself back for these unexpected expenses.
6. Control your credit cards. The statistics are staggering! Over 200 million used every day. In 2001, $670 billion charged on credit cards. In 2008, $2 trillion charged on credit cards. Presently over $800 billion owed on credit cards.  There is $373 million per day of interest income for credit card companies. The average household has 6 active credit cards. 60% carry unpaid balances from month to month. The average household is $800 in debt on credit cards. Statistics say that if you’re $5,000+ in credit card debt they’ll ‘have you for life!’ 17% is the average interest rate! Most just pay the $75 minimum monthly payment, and if they do only that it will take them 19 years to pay off, and they’ll pay $11,578 in interest. (I only use my debit card for ‘charging’ and I have the cash in my checking account.) Now put $75 into savings monthly for 19 years, earn 7% interest, compounded monthly, and you’ll save $35,000. Put $4,000 per year into the same account for 40 years, and you’ll have $875,000!
7. Have adequate life insurance to protect you family. ($400,000-$750,000) I carry more…
8. Be self-insured for life insurance by age 65 or retirement. This means that you have your car and home paid for and your pension fully funded.
9. Have a solid retirement plan in progress by age 40 (hopefully younger). This absolutely takes discipline! Only 47% of people in companies with matching pension plan investing options actually do it! It’s stinkin’ free money people! Max this option out if you’re lucky enough to have this option!
10. Own your home by age 65 or retirement.
11. Have a workable budget. The key is discipline and control. Remember budgets are set up to track our spending patterns and then to set guidelines for spending wisely.
12. Know that there is a difference between bad debt (credit cards and loans) and monthly obligations (food, utilities, necessities).
13. Understand the TAX law as it applies to you. Having a home based business reduces tax liabilities significantly. Consult a home based business tax accountant about this easily overlooked benefit. (Matthew 22: 15-22)
14. Have an estate plan that includes a will and /or a living trust. A living trust helps your loved ones avoid the potential long time delays that probate will force.

Here For You And Your Success,

PS There are so many ways we can improve our own lives, how about the people around us? Take a moment and share this post with your friends on Twitter and Facebook if you feel this will help people over come some of the hurdles of financial stability that we all need and deserve.

The challenge is to find them, tap into their greatness, learn from then directly, and then create something lasting and significant for yourself within whatever industry or niche you’re in.

Who are they? What characteristics do they possess? Where can you find one to learn from and get mentoring from? How do you not get led astray by marketing hype and tactics and miss out on the long lasting, truly effective mentors that aren’t so flashy or noticeable online? Is this even possible?

I believe it is possible, but you may have to search carefully to find a leader like that…

In the video below I share what I’ve learned on this topic during the last 18 months online. Many of you will probably relate to my story, and my hope is to reveal a new hidden idea of what Leadership truly means for you…

Click here to view the embedded video.

Yours in Friendship & Mastery,

PS Thanks for hanging out for a few minutes with me on my blog. I’d really like to hear more about what you feel leadership is, what is looks like for marketers online, and who has helped you along your journey…

I’ll look forward to your comments below and thanks for sharing this post with your social media friends, too!

Click here to view the embedded video.

I put out that post to solicit some data and to hear from the field as to what is challenging people the most to make money online. I’m going to share the results with you today and give you some recommendations based on what I’ve learned, witnessed, and created myself as an online marketer.

The following list is ranked from the most shared challenges to the least… I’ve linked out to some posts that I feel may help with some of these issues.

1. How to Create a Blog (NEW! I have a new “21 Blogging Essentials” Gift when you subscribe to my blog right now!)
2. How to Monetize a Blog
3. How to Create Content
4. Time Issues
5. Being Distracted and Overwhelmed
6. Getting Traffic
7. Lack of Mentoring & Confidence
8. Lack of Finances To Get Started
9. Fear
10. Lack of Knowledge On How To Capture and Monetize Leads

As many of you may know, I came online last year and launched my blog last August, eight months ago. In that time, me, a completely clueless elementary school teacher, went from 0 to 40,578+ page views on my blog, became the top enroller for my network marketing company in my second month (now leading the social media training for that entire company), and had top industry entrepreneurs calling me to lead webinars and coach their top tier coaching clients… all in less than eight months!

But why? And who is it that helped me?

Remember, it’s all about taking action, acquiring the right knowledge and skills, having a healthy mindset and attitude, and surrounding yourself with an incredible mastermind team. The way that this all fell into place for me was by investing in myself, by growing a human being, and by hiring Jonathan Budd and Katie Freiling to teach me exactly what they had done to create their massive success online.

It would take me days and days to reteach what I have learned in regards to the challenges people are facing in the above list. But fortunately I don’t have to… I know someone that can put the pieces into place for you right now, with proven results.

So, what do I have to offer you? Well, I couldn’t have timed it better if I tried! Katie Freiling just released her (click here) Social Media Wealth Manifesto. It’s all there… the exact blueprint you can use for massive online success… if you decide to roll up your sleeves and work smart.

Remember, if you look at the TRULY successful people in the world like elite entrepreneurs, athletes, actors, writers, etc… they all have several things in common. They have an incredible drive to never give up, the surround themselves with the best in their niche, and they get coaching from the best as well.

Is that you? Only you can decide that!

All I can say is if you’re troubled by any of the items on the list I shared above, I highly recommend getting yourself a FREE copy of Katie’s Social Media Wealth Manifesto right away.

I still can’t believe that she’s giving those 44-pages away without charging for them! When you do, make sure and let me know what you think.

Now if you’ve already read her Manifesto, then I’d love to hear what you think below in the comments.

Thank you again for sharing this post on Twitter & Facebook, and I’m looking forward to what’s coming with her hinted Unified Tribe, too. More to come on that for sure. Keep watching this week as we look more closely at what she has put together to Revolutionize the way we do Social Media and Market online…

Let’s Transform the Industry Together,

Kary Rogney

PS Recently, my Tribe and I had Katie Freiling on a Webinar. Check it out! Here’s the replay.–>> http://ut.empoweredtribe.com/