How to Make $100,000 Before Year End
The prospect of earning $100,000 before year-end may seem daunting, but with the right strategy and plan, mindset, and a bit of elbow grease, it’s an achievable goal.
In this article, I’ll share with you the process system that I follow and use to make $100,000 within 6 months in the hope to serve as your roadmap, offering actionable steps, insights, and motivation to help you navigate the path to greater financial milestone.
The full process that I use and apply (Epic 12 execution system) in achieving this financial goal is available here.
FYI — the Epic 12 execution system that I use to make consistent $10k month working less than 6 hours a week is launching in the last 2 weeks of Aug, and you can get insider early bird discount code of $1000 by signing up for a live vision clarifying workshop next monday 9am GMT
Part 1: Establishing Clear Financial Goals
Establishing clear financial goals is the cornerstone of financial success. It provides direction, motivation, and a benchmark to measure progress.
Let’s delve deeper into the process of setting clear financial goals and how they can help you achieve the ambitious target of making $100,000 before year-end.
The ‘why’ behind your goal is the driving force that propels you forward. It’s the emotional and motivational underpinning that keeps you committed, even when the going gets tough.
The key is to be emotionally connected with your goal. Here’s what I suggest you do:
Spend time reflecting on why you want to earn $100,000 (it may not be $100,000 for you). Write down your reasons, no matter how big or small they may seem.
Understand the reasons behind your goal to make $100,000. Is it for financial security, a significant purchase, or personal achievement?
Connect your goal to your emotions. What feelings will achieving this goal evoke? How will it change your life or the lives of those around you?
Part 2:
Once you have a clear ‘why’, the next step is to break down your target into manageable milestones and craft a realistic plan using the Epic 12 execution system . This makes the goal less overwhelming and provides clear benchmarks to track progress.
Setting quarterly and weekly plans is a strategic approach using the Epic 12 execution system to achieving your financial goal of $100,000 by year-end. It involves breaking down your overarching goal into more manageable increments, allowing for consistent progress and the ability to adjust your tactics as needed.
Divide your overall goal by the number of months or weeks remaining in the year. This will give you a clear target to aim for each month and week. Or otherwise setting mini goals (or what I called milestone goals) along the way that lead up to your larger target. These mini-goals can provide a sense of achievement and momentum.
Quarterly planning with the Epic 12 execution system is about aligning your actions with the bigger picture of your year-end goal while providing enough time to implement strategies and assess their effectiveness.
Plan how you will allocate resources, including time, money, and effort. E.g. what would you offer, what’s the supporting marketing plan and resources.
e.g. if you find that you need to upskill, what’s your weekly or daily learning plan. What are the specific skill you need to learn or get better.
Next, weekly planning with the Epic 12 execution system is the heartbeat of your financial journey, ensuring that you are consistently moving forward. The key is to identify what you need to achieve each week to meet your quarterly milestones. This could be a certain number of sales, hours worked, or projects completed.
Also, use digital calendars to schedule and remind you of important tasks and milestones and use weekly planning to prioritize your tasks and focus on those that will have the most significant impact on your financial goal.
If you find that your initial targets are too ambitious or too conservative, adjust them accordingly. The key is to set targets that are challenging yet achievable (and of course emotionally connected).
Setting quarterly and weekly plans using the Epic 12 execution system is a powerful strategy for achieving your goal of making $100,000 by year-end. It provides a clear roadmap, helps maintain momentum, and allows for flexibility and adaptation along the way.
By integrating clear financial targets, strategic initiatives, and a focus on progress monitoring, you can navigate the path to your goal with intention and commitment.
Part 3:
Tracking your progress using the Epic 12 execution system is crucial for staying motivated and making adjustments as needed.
Tracking your progress is a dynamic process that not only helps you stay motivated but also ensures that you remain adaptable and responsive to the ebb and flow of your financial journey. Let’s explore this concept in greater detail.
Regular check-ins using the Epic 12 execution system are the pulse checks of your financial plan. They provide opportunities to assess your current status, reflect on your strategies, and realign your actions with your goals.
- Consistency: Set a consistent schedule for your check-ins. Consistency helps you maintain discipline and makes tracking a habit rather than a chore.
- Quantitative Analysis: Use numbers to track your income, expenses, and savings. Quantitative data provides clarity and objectivity in your assessment.
- Qualitative Reflection: In addition to numbers, reflect on your experiences, challenges, and learnings. This qualitative aspect gives depth to your understanding of your progress.
An inflexible plan is a recipe for disappointment. Life is unpredictable, and your financial plan should have room for adjustments.
There are 2 elements to incorporate here in the Epic 12 execution system :
- Regular Check-Ins: Schedule regular check-ins with yourself to review your financial progress. This could be weekly, bi-weekly, or monthly, depending on what works best for you.
- Adjust Your Plan: If you find that you’re not on track to meet your targets, don’t be afraid to adjust your plan. This could involve finding additional income streams, cutting back on expenses, or revising your targets.
Also be prepared to celebrate your achievements along the way. Whether you hit a weekly earnings target or pay off a debt, take the time to acknowledge your progress.
Milestones are the checkpoints of success. Celebrating them, no matter how small, is a powerful motivator and a way to recognize your achievements. Every time you hit a financial target or overcome a challenge, take a moment to acknowledge your achievement.
Consider treating yourself to something you enjoy as a reward for reaching a milestone. This could be a special meal, a day trip, or a new gadget.
Share your milestones with friends, family, or a support group. Celebrations are more enjoyable when shared with others.
Tracking your progress is an essential component of achieving your financial goals in the Epic 12 execution system . It keeps you connected to your journey, allows for course corrections, and provides the satisfaction of recognizing your achievements.
By setting regular check-ins, being willing to adjust your plan, and celebrating milestones, you create a feedback loop that fuels your motivation and propels you toward your goal of making $100,000 before year-end.