Vibrant Nation

Get rich slowly: How to build prosperity $100 at a time

Barbara Winter, author of Making a Living Without a Job: Winning Ways for Creating Work That You Love, demonstrates a "get rich slowly" approach to prosperity.
There is no shortage of wealth gurus out there promoting get-rich schemes, but what I know for sure is that achieving prosperity involves getting rid of limiting notions about our own worth - and that's best accomplished incrementally. Small daily actions add up, after all.

Here are four "get rich slowly" exercises that I've seen help many people launch and build their enterprises. $100 isn't a huge amount of money — and that's the point. It's not so large that it scares us and not so small that it's insignificant. Approached properly, it can be a useful tool for building abundance.

  1. Use $100 as a test for your ideas.
    One of my favorite $100 ideas comes from Phil Laut in his book Money is My Friend. He suggests that every time you start a new profit center, you make a commitment to stick with it until you've earned your first $100 from it. When you reach that milestone, evaluate whether or not you wish to continue.

    Sometimes it takes a big investment of time to generate the first $100, but once there you can see how to repeat it more rapidly. Other times, you’ll find that you enjoyed earning the money less than you thought you would. The brilliance of this idea is that you are making decisions from a wiser position of experience, not frustration or fear.

  2. Always carry a $100 bill in your wallet.
    It's a powerful tool for eliminating thoughts of lack and limitation. When you go to spend your last small bill, instead of thinking, "I don't have any money," you’ll find yourself thinking, "Oh, I have another $100." Only spend the bill if you have an emergency or know that you can replace it immediately.

    For all its convenience, many of our modern ways of dealing with money involve not actually having much contact with it. Credit cards, online banking and the like make money a distant set of numbers. Cash in our pocket has a different effect on us.

  3. Be consistent in practicing the "$100 hour."
    Whether business is booming or slow as a snail, one of the best things you can do on a daily basis is to focus for an hour (if possible) on creating your next $100. Once you've mastered consistently creating new sources of cash flow, you'll probably want to raise the hourly amount. (If you need some idea starters check out the Getting Ideas chapter of my book, Making a Living Without a Job.)

  4. Spread entrepreneurial spirit $100 at a time.
    Become a micro-lender at Kiva.org or give the gift of livestock through Heifer International. You might even send an anonymous $100 gift to a friend who's launching a business. Look for ways to seed worthwhile enterprises and support them.
Want to see "$100 hour" idea-generating in action? There's a terrific example on Barbara Sher's bulletin board. Thanks, Tituba, for the Twitter alert on this.

responses (6)

yakkity1 said to Barbara Winter
undefined method `created_at' for nil:NilClass
new!

Thanks, Barbara, great ideas. #2 "always carry $100 bill in your wallet," especially resonates for me and I'm adding it to today's to-do list, that and buying a copy of your book.

Please start a "$100 Income Stream Ideas" thread here on VibrantNation.

Thank you again, for sharing these affirmations.

Success to you.

Barbara Winter said to yakkity1
undefined method `created_at' for nil:NilClass
new!

Terrific! The $100 bill was a big stretch for me all those years ago, but it made a huge difference. You will also find lots of specific $100 Hour Ideas in Making a Living Without a Job. Most people start doing the exercise for their bank account, but I think the biggest value is what it does for their creative thinking. 

fayetteSIPP said to Barbara Winter
undefined method `created_at' for nil:NilClass
new!

Thanks so much for the info I must remember as I got rid of my one hundred dollar, and I too will put it back in it's hiding place as I leave today, + the other 100 $ ideas,

sunsetwriter said to Barbara Winter
undefined method `created_at' for nil:NilClass
new!

Just ordered your book, it sounds like a winner. My sister just got divorced and is moving back to Panama. She needs ideas about how to keep busy and make money! She is too young to "retire".....

Barbara Winter said to sunsetwriter
undefined method `created_at' for nil:NilClass
new!

People who are doing work that they love, that is a natural extension of themselves, don't even have the word "retirement" in their vocabulary! I just had a woman in a seminar who was so excited about her new idea that she said, "I can see myself doing this when I'm 87." I believe she's 44 right now.

simplyflowers said to Barbara Winter
undefined method `created_at' for nil:NilClass
new!

Just ordered your book ,I have a florist business and the current economy has left me asking "now what"

 

Pure and Natural