Can you really increase your income by donating money?

I wanted to tell ya about a little experiment Ive been doing over the past 4 months. Some of you may already do this…

In Dan Kennedy’s book Wealth Attraction For Entrepreneurs (a MUST read) he has a chapter on donations and saving.

Basically from all of his work with millionaires, he noticed all of them always have 2 things in common….they save money and also donate money routinely.  So Dan has people try this experiment out and almost always they see an increase in their income from it.

I had similar results  over a 4 month period.

Basically it’s pretty simple, any time you make money and you are depositing it into your bank account make sure you take a standard amount each month and donate it to a charity and then take a percent and put it specifically into a “wealth” account.

Here’s how I did mine…

I did 5% of my gross (I believe you should do the net, o well) to a wealth account and then 5% I donate to a charity I like.  I actually do my donations and savings each Monday throughout the month.  I think this is a better way than doing it just once a month.

Well Ive done this for the past 4 months, and my income has gone up about 35-40%.

Basically the idea behind it as Dan says is that it triggers something subsconsciously in your mind that most rich people do and changes the way you think about money. I can honestly say I’ve noticed it as well. Im more apt to go after things I would have probably held back on before.

I thought this was as hokey as could be when I read it, but I committed to it for 90 days, and now Im a believer.

If you’re not currently doing something like this every time you make a profit, give it a shot, I think you’ll see some big benefits from it.

BTW the book is Wealth Attraction For Entrepreneurs. I HIGHLY recommend it. It’s really helped me to break some bad mental blocks that I’ve had in regards to money.

- Justin