No Money, No Problem (Part I

iStock_000001339196XSmallMONEY IDEA

What’s that old adage … it takes money to make money?

As lots of us in the Millionaire Mind community know, that’s just not true. Money helps, obviously. It lends toward confidence and a sense of “safety”. And it can make things more expedient. But is money absolutely necessary to, for example, start a business? No. Many a millionaire has lost it all, fell into extraordinary debt (You think yours is bad?!?—try owing millions like Trump did), yet bounced back.

“It takes money to make money” is something people without it say to make themselves feel safe and secure in their inaction. Then they don’t have to leave the comfort zone and really go out there and get it. Or maybe a lot of people just don’t know that there are other ways to finance your endeavors.

I wanted to touch upon a few fundamentals in this and my next blog post when it comes to looking for capital. The hardest part, believe it or not, is imagination, which is actually fairly easy once you really grasp it.

The wealthiest people in the world didn’t get to where they are by doing what everybody else does.

Rich people use creative financing. They get all the money they need while poor folks look for financing the way everybody else does—loans, etc.—and seldom get a penny, or only after exhaustive, frustrating searches.

While time can be a factor no matter what, there are some basic options to think about before you start running off like a mad-person:

#1: Don’t Start Yet

Wait. Do something else that doesn’t take that kind of money. Very obvious, yes, but needs to be said. You don’t have to hit a home run first diuretics time up at the plate. Get a couple of singles, maybe a double, and gain some confidence.

#2: If It’s Not Working, Do Something Different

We all have these plans, yes? Sometimes they work, sometimes not so much. What do you do when the Universe says, “Nope, this ain’t happening”? Get frustrated and start beating yourself up? No … just try it another way. Again, obvious, but sometimes things are so obvious they become invisible.

There are people who will wait until they think a plan is totally perfect and seemingly solid before they take any action. These are the types that get easily frazzled and distracted when that rock solid plan starts showing some cracks. You have to be flexible and ready to accept that maybe you need to try something else. Flexibility is the key word here.

There are always means toward starting something. You don’t have to have the ultimate way right now. Start where you can. Start where you are. Start with what you’ve got. And as counter-intuitive as it may seem, one of the first rules of financing: You don’t need the financing! Change the way you’re going about it.

Next week we’ll take a look at some more options when it comes to financing, from the usual methods to something most people in this world don’t do, won’t ever think to do, yet it can change the way you do business forever.

Now it’s your turn!  How about you … any tips you’ve discovered along the way for out-of-the-ordinary financing? The sky’s the limit, and there are just as many creative ways to go about attaining capital as there is imagination in the Universe!