“Don’t fill your ego! Fill your bank account.” James Malinchak shares this quote frequently with his audience and his customers. However, it wasn’t until my first one-on-one coaching day that the phrase actually hit home for me. When James asked me questions to learn more about me, I was pleased to share all the various things I was involved. I was beaming at all the sacrifice, energy, and time I was investing to what I considered fundamental causes. Then James asked me how all my volunteerism was affecting my loved ones and my business.
Literally, I hung my head. My ego as a giver was instantly depleted. I admitted defeat. I was worn out; my funds were exhausted, and my family did not see me unless they were volunteering with me. I realized I was giving it ALL away – time, money, and energy to the point that I didn’t have time, money, or energy left to give away any more. James helped me to realize this by creating a time wheel to show me where I was off balance. He described to me that in my attempt to be a giver I was giving to the point that I wouldn’t be able to give anymore – soon!
He explained to me that by not having a balance of give and take with myself my family, and my company, I was taking away the ability to continue giving as I enjoyed. He showed me how I can reorganize time, energy, and money into my own business. This reorganization placed my business in a better financial position. In this new position of financial stability, I could choose which charities and organizations I wanted to donate my time, energy, and money. He explained to me that in filling my ego as a giver, I was depleting my emotional and physical bank to the point of bankruptcy.
The fact that my loved ones had been telling me that for a long time had gone overlooked. To hear that information struck me from a mentor that I had spent a lot of money in, well, it hurt; it was embarrassing. Unable to contain myself, I cried. Yes, I cried in his office for virtually the whole session. Normally, people will be angry at somebody for telling them this information. However, I was grateful. Through my tears, I nodded, “Ok. Ok. Ok.” All the while, he kept being truthful with me.
I thought I was successful with my company, and to the outsider I did seem successful. However, he explained how I can be so much more. He was blunt with me that he could have said, “Thanks to you, Andrea, for all your service and dedication to your community.” He said he could’ve allowed me to continue to feed my ego, but he said that I paid him to mentor me to take my business to a higher level. He reminded me I had paid him to tell me the truth about where my company was headed.
When he mapped it all out, my business was headed to that point of becoming a charity, a non-profit. To which, he expressed if I wanted to continue as I was doing business that I could apply for grants and become a legitimate non-profit business. But, he did not think that is what I wanted from my application essay. He was right. I wanted more than ego. I had been in the theater; I admit I love the applause, but a standing ovation does not pay the mortgage. The ‘good jobs’ and ‘thank you’s’ did not provide for my children. Frankly, the prices I was undercharging were diminishing the experience, knowledge, education, dedication, overage, time, and passion I have for what I do as an interpersonal and business consultant.
I wanted more, and committed myself to adhering to his advice. In only a short time, there’s been a incredible turnover, a change of events. A number of the charities I had to step back from until I’ve stored up the time, energy, as well as funding to invest in them again. Even though, I have been able to remain a strong supporter for the ones I like the most. My customers are happy, and new customers are attracted to me for the increased dedication I have to my craft. Expansion has been fantastic and overall success has never felt so great. Overall, I’ve been filling my bank account and incidentally that’s filling my ego, something James Malinchak may have left for me to discover for myself!
Andrea Adams-Miller is known by the press as “The Leading Interationa Authority on Healthy Relationships.” She is a keynote speaker, relationship and business relationship consultant, columnist, international award winning radio show host, and best-selling author. She shows people how they can create, retain, as well as sustain REAL lucrative relationships for life!
James Malinchak, Presented on ABC’s Hit TV Program Secret Millionaire, is known as by many experts as the World’s #1 Big Money Speaker Coach and Trainer. For Totally free Video Trainings regarding how to get paid to speak and the way to turn into a motivational speaker, have a look at www.BigMoneySpeaker.com.
Author: Liam MartinThis author has published 2 articles so far.