The problem with money is that money is not a problem, people are.
Money is just money. People have thoughts and ideas about money, those thoughts and ideas form each individuals relationship with money and consequently their relationships with people who make, or don’t make, certain amounts of money.
You have thoughts about money. What does having no money mean to you, or say about you? What does having a lot of money mean to you, or say about you? What thoughts do you have about millionaires? Billionaires? People living on welfare?
Regardless of what thoughts you have about money, money is still just money. If money liberates you, it’s only because you say so. If money is the root of all evil, it’s only because you say so. If money is hard to get, it’s only because you say so. If you struggle with money, it’s only because you say so, because of your limiting beliefs. Money is just money.
I heard two stories this past week that brought to my attention the fact that the assertion, “making money as a Taekwon-Do instructor is wrong” isn’t unique to our industry.
Both stories were of people who became successful at what they did and were all but excommunicated from their industries for doing so.
One was a dentist and the other was a magician. Both of them found ways to reinvent their businesses and were making far more than the average in their field.
But because of the perceptions, thoughts and ideas everyone else in the industry blindly adhered to, these two were quickly seen as outcasts. Because others didn’t understand what they were doing, or didn’t care to find out, the immediate assumption was that they were doing something wrong.
In a short period of time, their business models became widely accepted and used in their industries.
The first time I heard Master Bill Clark say, “If you’re not making at least $20,000 per month, you’re not running a business, you’ve got a hobby.”
I about fell out of my chair. A few of us in the room got really interested, but most just wrote it off as if he’d just told us a story about a unicorn slaying a dragon in never never land.
Now, if I told you that you could take home $200k per year with 200 students and 2000 sq. ft. school would you believe me?
Whether you believe me or not, it’s happening. It is becoming more and more common for instructors to be taking home $100k – $200k per year.
Now it’s not a matter of if it’s possible, it’s a matter of whether or not you are going to make it happen!
About the Author:
Mr. Karstadt is the founder of 1 TKD Consulting and owns the longest running ITF Taekwon-Do school in Arizona, Karstadt Taekwon-Do in Phoenix, AZ with his father Master David Karstadt. He has been training since 1984, earned his Black Belt at the age of 8 and is currently an internationally renown intstructor teaching the culture, discipline, leadership and business skills of Taekwon-Do in classes and seminars to Instructors around the world. He has been a member of eight U.S. Taekwon-Do Teams and has traveled to 14 different countries competing in Taekwon-Do. He has won numerous medals at the World Championships and in international competition, most notably winning the 2004 World Championships in South Korea with two gold medals and the Men’s Team All Around Trophy. Mr. Karstadt currently resides in uptown Phoenix, Arizona with his wife and three children. Mr. Karstadt can be contacted by e-mail at firstname.lastname@example.org