Making Money Ideas - Get Your Attitude On

Understanding how one person can use their making money ideas to succeed in business, then follow through financial retirement planning at a fairly young age has been a bit of a conundrum for me until recently.

95% of us struggle with earning a living working our day jobs, let alone using making money ideas to get wealthy and retire early.

If you, too find this topic a mystery, come along with me as we peruse a book that we can learn some valuable insight from.

The book "Predictably Irrational" by Dan Ariely is a book based on the relatively new field of study "behavioral economics" or "judgment and decision making" (JDM).

I love psychology, probably because the human behavior is such a mystery to me.

I'm pretty intuitive, I can read people's moods from body language, but knowing why people do the things they do is something I find fascinating.

Sharing some of the information from this book to help you find some answers is what we'll be doing for the next few weeks, with posts each week.

Come along and we'll see what we can find out.

You can get ahead in this life and I can help.

If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com/making-money-ideas

I hope to hear from you soon.

What if I could learn a psychological principal and use it to figure out how to move forward with my financial life planning, or more accurately in my case, my financial retirement planning?

I am not alone in worrying about how they are going to get along financially in my retirement years.

"A new study released by Bankrate finds that more and more Americans are concerned about their retirement prospects. The poll, conducted by GfK Roper, finds that retirement is a growing concern amid tumultuous financial times for Americans," says Consumer Affairs* on June 23, 2008.

Key findings include:

Only 28 percent say that they will be able to retire comfortably. One-third (33 percent) say they'll have just enough finances to get by when retired.

Seven out of 10 say that they have set low expectations about their retirement prospects.

Nearly two out of 10 (17 percent) say they will not have enough money to retire without worrying.

Nineteen percent say they are afraid they'll never be able to retire.

Taking my making money ideas and partnering with a corporation that has this much training is my holy grail. My ticket to the train to making more money for financial retirement income.

One thing learned this past few months is that learning from books is more thorough if the reading is combined with writing about what is in the books.

Also, publishing all this writing on the internet could help others.

Reading the book "Predictably Irrational" by Dan Ariely is a book based on the new psychology of just what the title says.

Publishing a post each day as I read this book will help us figure out, according to Dan, how to improve our decision making and change the way we live for the better.

I hope to translate the information learned into ways to accelerate how to get to retirement with enough income to enjoy those years.

Come along with me as we look at what this author has to say.

You can get ahead in this life and I can help.

Go to: http://DianeNeillJensen.com/Making-Money-Ideas and enter your name and email address for more information.

I hope to see you soon.

At an auction, are you the one who gets caught up in the excitement, or are you the one that makes the decision on how much you will pay for your chosen item and stop at your limit?

Do you clip .25 cent coupons for small items then splurge on an impulse buy for a $37. Dollar electric toothbrush that promises to whiten your teeth better or night cream that will take three years off your face.

Do you purchase a bigger pick-up truck than your baby brother did, just to make sure all was in place with the pecking order. We all want more, the more we have.

You don't have to have more just because you have relatively less than most of the people you hang with.

It's true. The more we have, the more we want, whether it's in making money ideas or financial retirement planning, unless we know how to break that cycle.

One idea is to edit who you associate with, opting for those who don't tantalize you by showing off their top of the line most expensive purchases each day.

You can create a new mindset though. It may take a little effort. Forget "keeping up with the Joneses" and only purchase things that you really want and also need.

If you have a car that gets good gas mileage, but have the disposable income to get an expensive top of the line Humvee, stick with your current car unless you are a committed four-wheeler, or own a limousine service.

That thought is rational.

We are "Predictably Irrational" says Dan Ariel in his book on his groundbreaking research in the fairly new field of "behavioral economics".

So, if we are predictable, let's use our thinking skills to become more rational in our decision making.

You can get ahead in this life and I can help.

If you want to learn more about where my training is coming from, leave your name and email address in the box at http://DianeNeillJensen.com/making-money-ideas

I hope to hear from you soon.

Learn From This...

Whether it's one of your making money ideas as owner of one of the best home businesses, or if you are shopping for financial retirement planning options, there are psychological factors that you can learn to make work for you or not.

The Theory...

When we shop for that particular item, we compare the price of the first item with the price of all future prices of a similar object.

The imprint becomes an "anchor" for the initial prices in our minds.

How the Factor Affects Your Business...

So, if you are trying to sell a customer on joining your marketing organization, what they've seen before they got to you is a major factor in their decision on whether to join with you or not.

Dan Ariel's research reported on in his book "Predictably Irrational" says that says our mind imprints the price of the first item we see of a particular type in our minds.

More to This Theory...

How long does that anchor last?

The higher or lower the anchor price, determines what the consumer will pay for it on the first purchase, then similarly on the second purchase of a similar product, and in even more similar purchases of similar items.

So, even if your prospect has joined others, and is happy or not with the product, if they're willing to purchase another business opportunity, the price is a factor.

A Solution to Further Your Business...

You can change the price consumers are willing to pay for an item despite their anchor, if you package or market the product in a different way, thus negating the previous anchor in your future associate's mind.

You would have to create features and benefits that make your product seem totally different than the previous purchases were.

Conclusion...

You can get ahead in this life and I can help.

If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com/making-money-ideas

I hope to hear from you soon.

What do you think would happen if you used the following making money ideas to bring customers into your business:

- Offered your business clients a discounted trial offer of 50% off the regular price of a $29.95 book, or an ebook version worth only 25% of that same for free?

- Invited your coffee lover customers the choice of a free cup of coffee a week, or 50% off their morning coffee for a month?

- Offered your home buying client a free washer and dryer to encourage them to purchase the house that costs $10,000 more than the other house of the two that the client was having a hard time deciding upon?

Any free offer trumps an offer that has a savings of even more than that of the free offer, if we are "Predictably Irrational", as proven in Dan Ariely's book of that title.

Use this proven fact to your advantage, as many are doing online these days in order to entice possible associates to learn more about your business.

Conclusion...

You can get ahead in this life and I can help.

If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com/making-money-ideas

I hope to hear from you soon.

Why do you think that when the wait person places the check on the table, the check is face down?

And that the person who picks up the check makes a point to keep the amount of the check out of conversation?

The two worlds of social norms* and market norms** collide when payment is offered for something that is part of our social life.

Were you even aware that there were vast differences in the way we handle business situations as opposed to social situations?

When you are at a dinner or social situation in a restaurant or coffee shop, even in the context of a business meeting, placing a price tag on the event, which is normally a social event, is a violation of how we handle social situations.

If we place a dollar amount on that social situation it becomes more of a business transaction, and people get very uncomfortable if the two areas are mixed.

You can get ahead in this life and I can help.

If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com/making-money-ideas

I hope to hear from you soon.

*social norms:
- friendly requests people make of each other
- provides pleasure for both (parties)
- does not require reciprocity not immediately required

**market norms:
- wages, prices, rents
- imply comparable benefits and prompt payments.