This concept comes from my upcoming book Be Diagonal and like this earlier topic it was important enough that I wanted to touch on it a bit before the release. In general, every day life I’ve come across that there are three distinct levels of thinking associated to successful people and each is conditioned to the financial state that you’re in currently. Each tier, or “bucket” as I’m prone to calling it, encompasses a section of yourself and to make it from one to the other is a very big deal considering some spend their entire life in the first one. This will be a quick synopsis of the idea because I don’t want to spoil the chapter for you when you purchase the book.
The $1 Bucket
The $1 bucket is the most common bucket to start off in and unless you’re born into a wealthy family, this is the one you’ll be familiar with from go. Every self-made million and billionaire you’ll come across came from a $1 bucket mentality and they’re usually proud of it as it shows the ambition and drive they had to get where they are today. Whether it be a passion they had or a niche they saw easy enough to exploit, they ran the initial gauntlet until they were able to tip the bucket over into the…
The $100k Bucket
The 100k Bucket is the one you’re in when you’ve proven to not only yourself but the world that what you’re doing is profitable and sustaining. You’re seeing in excess of $100k yearly your mindset now is to expand on your operations to make it to the next bucket by all ethical means necessary. This phase is one of constant transition; you’re still a youngin’ in the game and picking up all the information you can to help better your understanding of what it will take to move into the next bucket is what you’re on. Now, you can begin to diversify your portfolio a bit to further flip your chips. As I’ve said before, it’s all a game of maintains and breakthroughs; you keep your house money straight while creating other avenues to make you more money.
The $1M Bucket
This is as big as your thinking gets, and in this bucket you will find a culmination of the lessons learned from the two buckets before it as well as a unique outlook stemming from reaching this lofty plateau. If you’ve ever had the opportunity to speak with a millionaire, you will see a sense of calm about them (even if their personality is a frantic one) that translates into “I can make this again if need be so I won’t sweat the details”. You see, money isn’t a magical substance or a gift given by the Greek gods of wealth; it is the return on providing a useful product or service and the $1M bucket guys have learned how to masterfully create and distribute something that others would pay for in a major way.
Which bucket are you in and what ways can you think of for moving to the next?
