Deep Dive

Many times in our lives we learn new things to an intellectual level and assume we know a subject inside and out when in fact we don’t really know it all.

Knowing something on an intellectual level is useless. It can be entertaining discussing a topic at dinner parties but how often do we know a topic to the level of application & expertise?

Answer. Rarely!

We really only know a subject when we apply it in our lives i.e. we are living it.

“Knowing is not enough, we must apply. Willing is not enough, we must do.” ~ Johann Wolfgang Von Goethe

In learning a whole new business model with Book Arbitrage at first I intellectually understood it i.e. buy low, sell high. Makes sense, right?

Understanding that & then doing it well took time.

It was only when I deeply immersed myself into my business to understand the ins & outs of it that I really ‘got it’.

businessman man desk working

 

This served me in two ways. First, I now understood every aspect of our business which meant I was applying what I knew. Crucial!

Next, I gained super confidence in my business application because I knew what I was doing on a deep level rather than a periphery intellectual one.

The benefits of this ‘knowing’ means that I am an expert in my own business. If I am not an expert in my own business then who is?

“Knowledge is useless without consistent application.” ~ Julian Hall

The next piece that adds momentum to knowledge is consistent use of it. Again, often times we can know what to do for a while & then life can seem to pull us in different  directions & we no longer apply what we know with the same intensity.

This is why deep immersion in an area of importance in our lives like business, so that it is a way of life, is the best strategy for success.

Certainly for those of us who are active in our Book Arb community we live our knowledge as a way of life by sharing our strategies, wins & challenges. We inspire each other to take more action with our consistent results.

people inside conference room discussing

This ensures consistent deep diving as our way of life & ongoing success.

We constantly sharpen our axes on each other which keeps our fires burning & ensures consistent application & growth on our journey to mastery.

Now, that is success!

“Surround yourself with greatness.” ~ Unknown

By surrounding yourself with greatness, you become great yourself & elevate others to their greatness too. That’s really living life to the full!

So ask yourself today, “Just how well do I know my business & how well am I applying what I know? Who have I surrounded myself with?”

Next, I will discuss how wonderful “mistakes” are in this business…..

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Success is a Habit

It is consciously having it all in every area of your life.

I approach success in two ways i.e. Personal and Professional. Both categories are interlinked. No light bulbs flashing there. However, the successful people I know are keenly aware of how they spend their time and are conscious of how each part of their lives influences the other.sunset-summer-golden-hour-paul-filitchkin.jpg

Let me define for you my premise for success. It is consciously having it all in every area of your life. What is the point in having a lot of money but you can’t run around with your kids i.e. your body is out of shape. Or having a phenomenal love partner but you are unsatisfied professionally.

So many people settle for less than they are capable of. They feel stuck in one or more parts of their lives and are not conscious of how their habits create their daily lives. Let me give you an example of what I mean.

My mind is still in the habit of telling me every morning that I don’t have time to exercise today. Every morning I ignore that because if I don’t make time for well-being and fitness I am unconsciously making time for sickness and diminished energy. How many times do our minds feed us this kind of misinformation and we accept the programme in our minds as true?

The funny thing about my exercise routine is, is that I have it down to 15 minutes a day and still my mind likes to pass comment about time shortage. However, because I am clear as to why I am working out and how it affects every other area of my life and for the purposes of this blog, for book arb, I do it anyway. My mind will eventually give up telling me I have no time and my consistent habit of working out is becoming automatic. That right there is one of the secrets of success. Consistency.

So back to my overall habits. For one thing as I have alluded to I am very clear on what I am creating in my life on a daily basis and why. I set myself up for success that way. This did not take me very long at all to work out and has set me up for life. You wouldn’t set off on a holiday without first planning where you are going, knowing whose going with you, what you’ll do when you get there, where you’ll stay and for how long and yet very few people plan the destination of their lives! A two week holiday frequently gets more attention than a lifetime of happiness.

All you need is the plan, the road map, and the courage to press on to your destination.  ~ Earl Nightingale ~

I am clear about the kind of life I desire to live and the way I live today, that is the habits I create today, create my future ideal – today. I designed a plan on paper for working from home with my partner in life, Tom, creating a life-changing sum of money that would allow us to live the life of our dreams from anywhere in the world using the power of compound interest. Within 2 weeks of creating that plan the opportunity for book arb came into our lives. It was a no brainer to jump in.

First thing is know what you want. Done. Next was to know our why. Done. This why by the way is not a one off. This why is the reason we both get up early every morning to work on our book arb business and to move the needle for a higher return. We work out our bodies through exercise. We meditate to begin the day with a clean slate and to ensure that we are clear and conscious in our decisions. We work out our minds through reading or listening to conscious inspirational material.  We then consciously talk about the things we appreciate as what we appreciate grows.

Then we are ready to dig into the business in the practical sense. I typically begin by checking my emails for alerts on book deals (easy, next blog). Next I go about repricing which is done both automatically and manually ( again, next blog). Next I look for trade-in deals which is literally trawling for free money. Then if I am buying books that day I buy books.

Tom is a whiz at systems and spreadsheets and paying the bills on time e.g. book processing fees etc. He deals with returns and logging all our books in order. He is super efficient in this and makes our business run like clock work. By lunchtime I like to check into the Facebook group to ask or answer questions and be inspired by the community. On Tuesday and Thursday afternoons I attend the live webinars to connect with the community and to learn more. To my mind, if I’m not learning and applying what I learn I am not growing.

Wednesday mornings at the moment is my social media morning so I blog or tweet etc. My whole week is set up around the success of this business. Thursdays and Fridays continue with sales and trade-ins and consideration of goals met or missed that week and followed by scheduling for next weeks routine. I am happily applying myself this year to book arb for financial success as that is our over riding goal for the year and literally this will yield expansion in every other area of our lives. By this time next year most of it will be automated and we are excited by this as creating money is about time freedom as well as money freedom. There are many inspirational people in the book arb community who are already enjoying their new lifestyle and we are excited to join them.

We know exactly what we are looking to achieve and regularly schedule times to strategize how to reach those goals so that we stay on track. Our results so far are humble as you can see from our screen shots but they are significant to us and our financial freedom once we apply the system so it’s easy to keep going.  Further, because we are playing a bigger game in our daily habits independently of the results, we are setting ourselves up for the success that has now become inevitable. We have passed the tipping point and I’ll explain how in another blog.

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Do not let your mind take you out here with these humble figures. When you can create one dollar on-line there is no limit to how many dollars, or euro in our case, you can create. The life-changing figures are on their way as we know where we are going and having a lot of fun learning along the way. Definition of a great journey for me.

The speed with which it is possible to turn our financial fortunes around with this is nothing short of extraordinary to us and from such a small initial investment of €1,000.

It may be of interest to note that I had created success habits before this opportunity arrived and perhaps that is why success is so expected now. We knew who we were and formed some daily habits of success before we started this or knew about this opportunity. It is easy to believe the story your mind tells you when it says, “I would work out too if I had the time or money,” or that “it’s ok for them (pick your hero),” but you can be sure they had success habits in play that got them there.

If all this sounds like a lot of work then think about the amount of work you could have to do over a lifetime when working for someone else doing something you don’t really like. Or take charge of your financial destiny today and work only when and where you desire. It may be worth some consideration.

Can I guarantee your success? No. But I can assure you that for us this opportunity is changing our lives and it has exceeded our expectations in terms of delivery of what was on offer. Our dreams are in the process of coming through because this opportunity has gotten the monkey off our backs in the financial sense and our horizons have been broadened now that money is no longer an issue holding us back.

Next I will get into some of the nitty gritty of the book arb business by sharing with you how we find deals so quickly and the power of dynamic repricing.

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