Your Morning Mindset and Making $100k Per Month
The Goal Achievement Podcast, hosted by Matt East, is all about helping you find clarity, design a plan, and most importantly achieve your goals.
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The Math To Make $100,000 Per Month
To determine how many items you need to sell at various price points to make $100,000 in a month, you can use the following formula:
Number of Items to Sell = Total Income Goal / Price Per Item
So, to make $100,000 in a month:
If you are selling items for $25 each, you need to sell 4,000 items.
If you are selling items for $50 each, you need to sell 2,000 items.
If you are selling items for $100 each, you need to sell 1,000 items.
If you are selling items for $1,000 each, you need to sell 100 items.
If you are selling items for $10,000 each, you need to sell 10 items.
Keep in mind that these calculations assume no additional costs or expenses related to your sales, such as production costs, marketing expenses, or fees associated with the sales platform. The actual number of items you need to sell may vary depending on these factors.
Potential Ways to Make 100k Per Month
Earning $100,000 per month is a substantial income goal, and achieving it often requires a combination of various strategies, skills, and hard work. The best approach for you will depend on your unique circumstances, skills, and resources. Here are some potential ways to work towards earning $100,000 per month:
High-Income Career or Profession:
Pursue a high-paying career or profession, such as medicine, law, technology, or finance. Climbing the corporate ladder or achieving a top position in your field can lead to a substantial income.
Entrepreneurship:
Start your own business or multiple businesses in high-growth industries. Entrepreneurship offers the potential for significant earnings, but it also involves risk and hard work.
Investing:
Invest in stocks, real estate, or other income-generating assets. Building a diversified investment portfolio can provide passive income.
Consulting or Freelancing:
Offer specialized consulting services or freelance work in your area of expertise. Charge premium rates for your skills and knowledge.
Online Business:
Start an e-commerce store, dropshipping business, or a content-based website with monetization through advertising, affiliate marketing, or selling digital products.
High-End Sales or Commission-Based Work:
Work in sales or commission-based roles, especially in industries with high-value products or services. Earning a percentage of big-ticket sales can lead to substantial income.
Real Estate:
Invest in rental properties or commercial real estate. Rental income and property appreciation can contribute to your monthly earnings.
Passive Income Streams:
Create passive income streams through investments, royalties, licensing, or intellectual property. This may require significant upfront effort but can provide ongoing income.
Digital Marketing or Agency Services:
Offer digital marketing services or start a marketing agency. Businesses often invest in marketing to grow, making this a potentially lucrative field.
Innovative Startups:
If you have a groundbreaking idea, consider launching a startup. Successful startups can attract venture capital funding or generate substantial revenue.
High-End Coaching or Education:
Offer premium coaching, training, or educational programs in a niche where your expertise is highly valued.
Multiple Income Streams:
Diversify your income sources by combining several of the above strategies. Multiple streams can provide stability and growth potential.
Network and Partnerships:
Build strong professional networks and seek strategic partnerships to expand your opportunities and income potential.
Continuous Learning and Skill Development:
Invest in your education and skills to stay competitive in your chosen field or industry.
Financial Management:
Manage your finances wisely, including budgeting, saving, and investing, to maximize your income's impact.
Remember that achieving a $100,000 monthly income typically involves a combination of effort, time, and sometimes a certain degree of risk. It's crucial to set realistic goals, plan carefully, and be prepared for challenges along the way. Additionally, consult with financial advisors or mentors who can provide guidance specific to your situation. Success often requires persistence, adaptability, and a commitment to personal and professional growth.
Making 100k Per Month
Podcast Transcription
Hey, guys, it's Matt, welcome in.
Hey, on today's episode, we're going to talk about your mindset, the mindset that you had into the day with. And we're also going to talk about making a hundred thousand dollars of income in a, in a month. Have you ever thought about that? We will in the next few minutes, let's dig right in.
The big question we all face every morning is this: How can we focus more time on the project's activities and relationships that are most important and meaningful to us and less time on the stuff that doesn't matter so we can actually move closer to our goals and dreams?
That is the question. And this podcast is the answer. My name is Matt East and welcome to the Goal Achievement podcast. I'm so glad you're here, now let's dig in.
Hey, guys, it's Matt, I hope you're all doing really, really well. Today's a unique episode because I'm announcing a new product, I guess it's a new project, it's both a new product and a new project, and I want to share it. And then I'm going to give you the first post from it, I'm going to share the first few posts on here, and I'm going to share the first one today. I'll share the next two over like the next week or two. But I am on I've started to be on a website it's called Patreon, and what you can do is you can post content, it's basically behind a paywall and you can have people come and support you so they can become a patreon of your work.
So I am starting to share some content that's not quite right for the mastermind that I do, and it's not quite right for a typical podcast. So both this podcast and the mastermind seemed... they're very encouraging, and this podcast is going to be a little more challenging, it's going to be a little bit more of me on my crazy side and could be... have maybe a little more like could occasionally have some, like, foul language, which I try really hard to not do that here.
But this is going to be a lot more like challenging-based, it's going to be very motivational, very inspirational. And instead of talking about it, I will share with you the first post that I did here, so it'll basically be the, the audio. It's an audio file that basically I share every morning that you get access to, and I am doing these every... every single Monday, Tuesday, Wednesday, and Thursday. So I'm posting content like this every Monday, Tuesday, Wednesday, and Thursday.
And then you can purchase that content, you can purchase access to that content for seven dollars and ninety-nine cents a month. So it's an amazing deal and I don't know here, I'll share with you the first recording, I hope that you love it. And I also hope that you go to patreon.com you can just search Matt East or you can find the link in the show notes for... to hunt me down on Patreon and support this.
But I'm going to share with you the very first post that I did, and I hope you love it, and if you do, I would really appreciate it if you supported it, if you supported this project, that would mean the world to me. So... And I think it would help you know, if you listen to these man, it's going to help you. It's going to be transformational. It's super inspiring, super motivational, I have some patreons because I launched this in my mastermind already, so I think, like, I don't know, six people or something already on there.
So hopefully we'll get some more. Let's get it going, and if you need anything, please don't hesitate. Here we go, here's the first patreon recording and show notes will give you a link so that you can go and sign up if you're interested.
Here we go guys, enjoy.
First off, welcome, thank you so much for supporting my patreon page, and that means the world to me, I really, really appreciate it. It's my goal to deliver 10 times the value back to you for what you're paying for this, so for your monthly investment of what is well under eight bucks, I'm going to try to bring that heat and make sure I'm at least providing I mean, should be more like 100 times the value.
So I'm going to be doing all I can, if there's something that you need, if there's something that I could be doing better, just let me know. A few items before we really dig in, so as a supporter, you can comment on my patreon page, and if you want me to cover a specific topic, just let me know. I will 100 percent record something on the topic that you want, it may not be the same day. I may not be the same week, but I will get to it. So leave a comment. If you want something specific, I will record on it.
Also, just another housekeeping. I will be recording and distributing content every Monday, Tuesday, Wednesday, and Thursday, so that's when you can expect these to drop. As I've shared, Patreon will allow me to be less reserved than my coaching and my podcast do, so I'm going to be really leaning in hard on you and I just want you to know it's going to be it's much more challenging, I'm going to be much more challenging than I am supporting or supportive, like in my coaching and in my podcast.
So just kind of expect that change, expect to feel like I'm challenging you a bit, and my intent is not to be flippant, but it may occasionally come across that way. Just be aware. I'm not trying to do that, my intent is to be challenging, motivational, and to inspire you. So so let's dig right in, let's get into the first one of these, let's do it.
So I'm going to share with you the math to making 100k a month.
Making 100k a month is something I have been focusing on, it's something that I'm working towards, and what a fun topic, man making 100k a month, who doesn't want to make a 100k a month. That's 1.2 million dollars a year for those doing the math.
But before we get into that, let's first just take a moment to get our mind in a positive space. It's Monday, Monday, Monday, Monday. Mondays are a monster day, Mondays are so important because it allows you to set the tone for your week. If you have a great Monday, it's going to make having a great Tuesday, Wednesday, Thursday, and Friday so much easier, so you really have the opportunity today to positively impact the rest of your week.
OK, so let's chat through that real quick. So how can we ensure today is a great day so that we can start to build momentum for the weeks, that we can have a great Monday, but then also kind of lead that into having a great Tuesday, Wednesday, Thursday, Friday? How can we do that?
How can we positively impact today to make sure that it's a, it's a great day?
Here are a few tips:
Number One, this sounds crazy to some people, but let's just make the decision right now. Just make the decision that today is going to be a great day, it's not going to be a good day, it's going to be a great day. You can use your mind, you can have that, you can bring energy and ensure that today is a great day. You just change your mind, if right now you're thinking today is a crap day, you can just boom, change your mind, just change your attitude, change your mindset and just make the decision. You can just make the decision to start from this point forward with today, bring incredible energy to your interactions with others, be positive about your outlook.
You know, you just get to decide the energy that you're going to move through, move through the day with, and it can either be crap energy, you can bring a shitty vibe with you or you can bring an unbelievable vibe and being attractive to make people want to work closer with you and be around you and support you.
And you have the decision, you have the ability to make the decision to do that, you can just decide you're going to make today a great day, you're going to bring great energy, you're going to be a positive influence on others throughout the day, and you're going to encourage others, you're going to bring solutions to the table, not problems.
And, and you're certainly going to face problems throughout the day, I'm not saying you're not. All I'm saying is you can bring an attitude that when those challenges and those problems come up you can bring the attitude that you're going to figure them out.
There's a big difference between facing a challenge and having a crappy attitude that, you know, is just another one of these is going to be a disaster. Or you can say, hey, it's a challenge, I'm going to figure it out. I have challenges literally nonstop all day long, I'm running into stuff. I'm running into issues, problems and, and you know, you just trust yourself to figure them out.
So I really want you moving forward from like this moment on, trust yourself to figure difficult things out, let me say that again. Trust yourself to figure things out, to figure difficult things out. Trust yourself, no melting down, no overreacting, no bitching. The world is not ending when a challenge comes your way, if you run into a challenge take a deep breath, collect yourself and figure out a solution to the problem, you know, that's how you approach that.
You can absolutely trust yourself and figure it out.
Slow down, think through it, think logically, no melting down, no overreacting, and if you're in a bad situation and you're having the same problem over, you know, over and over and over, you know... Maybe change the situation a little bit, get out of that situation and stop putting yourself in that situation.
So anyway, I just want to say I really want you to trust yourself moving forward, trust yourself moving forward that you can solve problems you can absolutely solve, solve the problems that you have in your life, there's no doubt in my mind.
OK.
Number Two to having a great day... second thing you can do so, let's just be super intentional about the information and the content that you're allowing into your brain. No news, no gossip, no crap, you know, just make sure we're consuming stuff that does not make you feel worse.
You want to consume stuff that makes you feel better.
Your mind is a sacred space, and I just want you to protect it today. So in order to make today a great day, first thing, make the decision that is going to be a great day. Number two, be intentional about what you're allowing into your brain, who are you around? What content are you allowing? No, no news, no gossip, no crap. OK?
Third thing, how do you make today a great day? Make a plan, man come on!
You know, I was going to say that you've got to make a plan. What are you going to focus your time and energy on today? There is zero doubt you can't convince me otherwise, the most successful people in the world do not meander through their day, they are not just waking up and taking it as it comes, they have annual goals, they have monthly and weekly targets, they set daily priorities and they execute.
Make a plan for your day, if you want to have a great day.
It'll reduce procrastination, it will increase your clarity as you move from one task to the next throughout the day. There is just no downside to designing a plan to your day if you haven't done it, I know we're already through one quarter of the year, but set your freaking annual goals if you haven't done it, if you have not set your goals, set your goals, and that way you can start to develop some monthly and weekly targets, and I would just really encourage you to do that.
OK, bonus tip for having a great day. I've got a man I'm eight minutes in it's crazy.
Bonus tip, let's... let's take time today to nourish our body with fresh water, fresh food, things that are going to help us have a lot of energy.
Let's take time to move our body, take a walk, take a jog, get out, move around, even just I've been you know, I work at a computer all day long, I've noticed that just kind of standing up and bouncing in place for 30 seconds feels great, my doctor gave me this recommendation for me to give my lymphatic system a boost. So just take some time, bounce around for 20 seconds, 30 seconds or a minute, it feels great, but take time to move your body, drink water, drink food or eat good food, and those are some tips to get your Monday off to a good start.
All right, let's get into the meat of this post already, what are we, nine minutes in? OK.
So making a 100 thousand dollars a month, can you do... do you know anybody making 100k a month? I know a few you guys that are that are making 100k a month and... and they're doing better than, than my friends making 10k a month, so I can definitely tell you that.
So... and by the way, I don't think money's the answer to all problems, but man, are you willing to just like open up your spirit to you understand like, it's not bad to want money like, can you just say like, I'd like to make 100k a month. Have you ever said that I want to make about a 100k a month? You know, for me personally, I want to make about a 100kd month.
So... so let's chat through how do we do that. You guys all know, you guys if you've been listening or following my work at all, you know I love reoccurring revenue, meaning I like the I like to receive money from clients month after month after month and this pricing model does a couple of things.
So first, it's going to make your products much more affordable. So personally, I sell things from now 7.99 a month, which is this Patreon offer to 5k a month. All is... all is recurring monthly revenue. So if I sold those products annually instead of monthly, you know, it would require buyers for this, so this is 7.99 a month for this patreon offer that be 95 dollars and 88 cents.
I'd have a really hard time selling people this for 95.88, wherewith 7.99 people can try it people can jump in there like 7.99 it's no big deal, starting getting up to that hundred dollar price point, you start to run into some resistance.
So by pricing it monthly, it just makes it, makes it way more attainable to buy for, for many users. I mean, actually, 100 bucks is a lot of money for some people, so the 7.99 lets there be a lot more, a lot more target buyers.
Then you know, other things I sell personally, you know, I sell a coaching program at 500 dollars a month, that would be 6000 dollars annually if I required it to be paid uptime or upfront annually. So instead of 6000 dollars a year, I'm able to offer that coaching at 500 dollars a month. I have a mastermind it's 29.99 a month, meaning 29 dollars and 99 cents a month. That is 359 dollars and 88 cents if I charge people one time over the course of a year.
So it just becomes way easier for me to sell my products and for you to sell products at a monthly rate as opposed to an annual rate. So that's one reason I just love it because it allows for more buyers, it just encourages people to... it just makes it way more affordable for your customers and clients to buy stuff for you. So that's, that's the... the number one reason I like... I like it from.
The other reason I really like it is from a cash flow perspective.
So I love recurring revenue because it eliminates financial peaks and valleys, so you know where one month you're making 45k month in the next you're making 25 hundred a month with recurring revenue models if your business is built around that, you'll never have that issue because your cash flow becomes so predictable, you should never decrease month to month unless you're losing more clients than you're gaining.
So, you know, if you're... if all of your financial models are built around recurring revenue, it should just be a steady tick-up and never really a decline ever. So and you just are going to know your... your monthly income is going to be so predictable, whereas if you're selling stuff just one time, you're going to really have a lot of ups and downs financially. So that's why I love a monthly recurring revenue.
So let's do some dreaming.
So how do you get to how do you start to build some recurring revenue and how do you get to 100K? So let's just do some math, let's back into some math. So if you were able to sell 20 thousand people something at five dollars, that gets you to 100k a month. If you were to sell something at... if you're able to sell 5 thousand people at 20 dollars a month, that gets you to 100k, if you were selling something to 2 thousand people, at 50 dollars a month, that gets you to a 100 thousand dollars.
Man see that starts to be really attainable 2 thousand people at 50 dollars a month, gets you to 100k a month that's amazing. At 75 bucks, you need a 100 or you need 1033 people to get you to 100 came up, so 75 bucks you need 1033 people. Now it starts to get a little crazy at a, at a 1000 customers or subscribers paying a 100 dollars a month, that gets you to a 100k, that's pretty doable too. Then at 400 subscribers, so if you had 400 subscribers you'd have to charge them 250 dollars, that gets you to a 100k a month, ain't that amazing?
Is that even right? is that right? I got to do the math on that, that does not seem right. Is that possible? My brain, I did the math on this, hold on one second. 400 times, 250 bucks, that's frickin amazing right there. You only need 400 customers that are... you're charging 250 dollars to, to make a 100 thousand dollars a month, that's incredible. You need 200 customers at 500 dollars to get you to a 100k. You need a 100 customers at a 1000 bucks to get you to 100k. And you need, let's see here you need, what is it, 40 you need 40 customers at 25 hundred bucks to get you to 100 hundred thousand a month.
So and if you even... you can go deeper, you can go less so you could do 20 subscribers or customers at 5000 dollars a month to get you to 100k, ain't that amazing. You only need 20 customers that you're charging 5k a month to get you to 100k. You need 10 customers, if you're charging 10k monthly to get you to a 100 thousand a month, you need 4 customers that are paying you 25k a month to get you to 100k.
So you're like Matt, those numbers seem a little crazy, those... that seems I can't do that. Those would be hard to do even that, I would challenge that thinking like some of these numbers just it just amazes me that four hundred subscribers at 250 dollars a month get you to 100k it's amazing.
So, you know, I've really distributed my recurring revenue very widely, I mentioned that earlier. I have customers paying me 5k a month, I have customers paying me now 7.99 a month. So there's... and there's a lot of range in between there.
So let's start to mix it up.
How can you get to 100k if you, if you are at different price points, let's just give you an example. So if you have 4 clients who pay you 5k a month, that seems reasonable, 4 clients who pay you 5k a month, that gets you to 20k. So you're at 20k, if you have 8 clients who pay you 25 hundred dollars, that's another 20k, so you're up to 40k at that point. Then if you have another 100 clients who pay you a 100 bucks, 100 bucks a month, that seems very doable. That gets you 10k, so now you're at 50k a month with those three revenue streams. Then if you just do two more, you do 500 clients who pay you 50 bucks a month. That gives you 25 thousand more dollars a month. And if you do a 1000 clients who pay you 25 dollars a month, that gives you 25, another 25k, that gets you a 100 thousand dollars a month.
It's not... it's not even, I shouldn't say it's not like reasonable, I'm not there, I'm not making 100k a month at this point. That is a goal of mine, it's something I'm working on, I'm, I'm working... I'm, I'm not super far off but I'm not there yet and I'm working on this, it's something that I plan to be doing here shortly. But, man, I have been looking at this math for a long time. It's why I build a lot of products that are all... everything I'm selling except my books is a recurring model.
I don't even do, I do like no one-off consulting right now. I don't even think if somebody were going to pay me like twenty K for like a little like a 20-hour project or something, which would be a 1000 dollars an hour, I don't think I would take it, I just wouldn't do it. I want that money over the course of time, I want you to be like a customer for, for a long time, I want to be making that, I want to be making that monthly income off of you.
So and I recorded this way longer than I planned to, but I hope that got your brain going a little bit, man doing the math to a 100k doing the math. I can't believe 400 hundred subscribers at 250 bucks get you to that gets you to a 100 thousand dollars, that is extremely reasonable.
So I hope that, I hope that helped, I hope it challenged you, think, I mean think about this... If you're half off on this stuff you're still making 50k a month which is good, I mean you're making 50k a month if you don't get to a100 and you fail, if you only hit half your goals, if you back in the math of what you want to build products for and you get halfway there, you're still at 50k. Heck, if you screw that up and you only get half of that, you're still at 25k, that's more than most people are making, so 25k month if, if you, if you really botch it.
So figure out a path, figure out a path to get you to hit your goals.
And obviously, this is just an example if your goal was a 100k month. To get to a million bucks a year, you only have to be at 83333 dollars and that gets you to a million. So to keep that in mind, you don't even need to be at 100K to make a million bucks a year. You need to be at 83 thousand dollars 333.
So alright guys, I hope that was helpful, I feel like it was kind of a rant, I'll get better. I'll keep improving at this, they'll get shorter, I'm playing it. I really want these to be like two or three minutes long, not sure how this got to twenty minutes, but whatever.
I hope you guys liked it, hope it helped you hope it... hope it challenged your thinking, to think of ways to blow up your income, make your income bigger, make some more money, open up your mindset, pull you out of that like middle-class mindset and say, hey let's make some real money, let's make some real money around here.
So I hope I hope one of you guys makes 100k a month soon and if you do, I'd love to know it. I would absolutely love to hear that, I have clients who are making 100k a month, by the way, it's very possible, and you can do it.
So that's it, bye bye.
Hey, guys, it's Matt again.
I hope you absolutely loved that, so that was the first posting that I did for my patreon or my patreons on Patreon. Patreon is p a t r e o n .com and then you just it says find a creator in the top right corner you search for Matt east and I'd pop right up. Go there and get in this, you get these audios every Monday, Tuesday, Wednesday, and Thursday for under eight bucks, I mean, I'm going to deliver so much more value than that if you actually listen to these and implement some of the things that we talk about are all of the things that we talk about.
So I did this episode and then I've also done an episode on Taking Ownership of your life, that was a really good episode, got some really positive feedback. And then today I had recorded an episode called Increasing the Level of Rejection You Face.
So anyway, that's it.
I hope that you are doing really well and I would love to have you come be a patreon on Patreon. So if you have any questions, if you need anything, just let me know. But I would love to have your support, really need support to keep this going and your support would, would mean the world to me and getting audio every Monday, Tuesday, Wednesday and Thursday. And my, my clips will not be this long. Usually, you are going to be like three to I'd say three to seven minutes.
So that's it guys, that's it.
And go, go pull the trigger, go pull out your credit card and buy this man. It's going to be awesome, it's going to help you and, and it will help me, you support your support would be amazing.
So that's it guys, bye-bye.