How Does it Compare? With Rachel Krider, Part One
In this continuing blog series, Prosperity of Life co-founder Shane Krider interviews his wife, Rachel Krider, about how her experiences with this company compares to experiences she’s had in the past. Shane Krider I remember when I was thinking about getting started...
What Does It Take? With Rachel Krider
In this continuing blog series, Prosperity of Life co-founder Shane Krider interviews his wife, Rachel Krider, about her thoughts on what it takes to be a successful entrepreneur in home business.
Shane Krider
Just like anybody else, you worked your way up and ultimately you ended up buying into the new company as we launched it. So you know what it’s like to create success starting from nothing, and you became a seven figure annual income earner. I just wanted to ask you a few questions.
Rachel Krider
I had the same fears and doubts that anyone would. I had the fear of failure. I failed in a previous business so I was a little bit vulnerable emotionally when I was considering getting started here. I was spent financially — I was about $50,000 worth of credit card debt, I lost my house, I lost my car, all through decisions I made in an attempt to build my previous business. The fear crept in when I was getting started again, but I didn’t allow that fear to stop me from moving forward.
Other people allow the fear of failure or even the fear of success stop them from moving forward. I think that if someone had that crystal ball and they knew they were going to succeed at a really high level, they would do it all day long. As a business owner, you’ve got to take calculated risks to succeed, but some people will just allow their fear to stop them.
Shane Krider
You do a lot of training here with Prosperity of Life, you work with a lot of people, assist them with their marketing, and things like that. What have you seen in Lee Anne that gives her maybe an advantage or an edge to becoming a successful entrepreneur at this level?
Rachel Krider
She’s willing to fail and she’s willing to put herself out there.
Shane Krider
That seems counter-intuitive.
Rachel Krider
You know what, she’s had more failures that perhaps the next guy because she’s put herself out there. She tries different things with marketing, she’s had more conversations, and she’s had more no’s than the next guy. But it’s this willingness to fall flat on her face but get back up and have another go. I mean, I talk about how I failed my way to success and I say Lee Anne’s done the same thing and created a lot of success in the process.
Shane Krider
So what you’re talking about is the opposite of the paralysis of analysis.
Rachel Krider
Totally. I mean not every move you’re going to make will be a successful one, but so long as you continue making moves, eventually you’re going to come out the other side with some wins. I’ve seen Lee Anne be prepared to do it despite all those fears.
Shane Krider
So you’ve known Lee Anne for a long time. Do you remember the first time she came onto your radar as somebody that was successful here?
Rachel Krider
I remember she had a big month. She was working the business part time and I met her on the Gold Coast and that she was running her franchise and she had two little kids back then. Somehow she’s running this franchise and she was making consistent sales with Prosperity of Life.
I thought this girl was impressive to have the family, the business, and then running Prosperity of Life part-time. There was this energy and excitement that was surrounding her — it was cool. That was the first time she came on my radar, but I remember the first time I met her we were actually having lunch on the Gold Coast. She had only just gotten started, and hadn’t made any money in the business at that point, but she was full of excitement and there was this determination in her face.
Shane Krider
So being a successful female yourself, you’ve watched folks like Lee Anne create success. What are the common denominators of success?
Rachel Krider
You have to make a decision. Understand that there will be obstacles that you’ve got to overcome, but keep your sights on the end goal and keep putting one foot in front of the other.
Shane Krider
So that determination that you saw in Lee Anne was the decision. That’s impressive.
How To Obtain Financial Freedom
You are probably living under a rock if you have never heard of or thought of being financially independent or having financial freedom. While people talk about it often, there are many ideas of what this means. The definition of financial independence has enough wealth to live off of without working. People who have financial freedom have assets that generate income that is at least equal to their expenses. Regardless of the stage of life, financial independence is a fundamental goal to be working towards.
The first thing to note about obtaining financial freedom is understanding and accepting that it won’t just happen or happen overnight. It requires a detailed plan and the determination to commit to it every day.
To create a solid financial plan, first start with the cornerstones of the process:
- Review current assets and investments
- Are they giving you the best possible returns?
- Review what liabilities or debts you have
- What changes could you make to reduce those now?
After analyzing your income and expenses, get your plan written down before putting into motion. Keep these tips in mind when creating your plan:
- Widen The Gap
- You want to create as big of a gap between what you earn and what you spend as you can. The larger the gap, the larger the opportunity for financial freedom. However, remember that it may be tough figuring out how much of a gap you can live with, so shooting for more is always a safe choice.
- Debt Free
- List all current debts such as student loans, credit cards, parent loans, car finance, etc.
- Mortgage is a debt, but it is also a long-term investment; if the final payments are near, add to the debt list.
- Extra Savings
- Find ways to save more money. For example, take the extra pay from a promotion and put it directly into the bank. By setting up a plan to automatically take away the extra income, it is less likely to be missed.
Financial freedom comes with many different rewards. Besides the monetary benefits, people who have acquired financial independence experience less stress, more energy for self-improvement, more opportunities to think long term, and even benefits in investments and assets.
About Prosperity of Life
Prosperity Of Life creates popular personal development courses and seminars to help people transform their lives from the inside out. Personal development is our passion. Personal growth is significant in every success journey and this is the premise of Prosperity Of Life. The Founders of Prosperity of Life are successful entrepreneurs who also offer an online business opportunity based on their collective experience of wealth creation and business success in the personal development industry.
Prosperity of Life’s mission is to help people achieve success and gain financial independence by providing effective self-educational products and events that enhance confidence and grow self reliance. We believe that the individual has the ability to realise their inherent potential and live a life of personal fulfillment. Specifically designed for maximum profitability in the shortest space of time possible. Earn profits, bonuses, leverage and residual income from multiple sources.
For more information about Prosperity of Life visit the company website.