Today, I want to share with you
some
words of wisdom that were
passed down to me several
years ago.
It has to do with using a strategic
“F-YOU” battleplan to finally get
you out of the ratrace (like it
did for me).
Wait… don’t be offended so
quickly until you read what
this is all about.
The information below could finally help you to get out of the rat race (like it did for me). Most of the emails that you receive every day are filled with the latest strategies to make you more money online, get more traffic, help you create a killer product, etc.
Yes, these are all important pieces of the puzzle when building your online business.
However, what few people ever talk about is how to move things to the next level.
Ok, let me set the stage here…
I know that the majority of my subscribers (perhaps including you) are still working a 9-to-5 job.
Yes, it sucks.
I have been there too.
Most of you are probably dabbling in various projects like Pay-Per-Click ads, affiliate marketing, building websites for AdSense, creating a niche product, etc.
And what will inevitably happen is that something will eventually click. For example, you may hit a home run running Google PPC ads, you may see some steady growth and then focus more of your efforts on what is working.
Before you know it, you are making a few hundred dollars per month.
Sure, nothing to dance in the streets about. BUT… that few hundred dollars can quickly turn into a couple of thousand dollars per month.
Yes, it takes some persistence and some hard effort… but, persistence is usually rewarded.
So, let’s suppose that you are making $2K per month with your online business. Now what?
Should you quit your job?
Hell no.
Can you really support yourself (not to mention your family) on a measly 2 grand per month.
Probably not.
Unless, your “home” can be pulled behind a pick-up truck. 
Unfortunately, I have witnessed several people jump the gun and quit their jobs before really having all their ducks in a row.
And in 90% of cases, it ends up the same…
A complete train wreck!
That’s why I want to talk to you today about setting up an “F-YOU” account.
What the heck is an F-YOU account you ask?
Before I revel everything, let me quickly set the stage about how I learned this powerful “job terminator” strategy.
Back in 2001, I attended one of my first Internet Marketing seminars. If you’ve ever been to a seminar, you know how invaluable those late night chats can be.
I was still working a job at the time and took 3 days vacation so I could attend this event.
During the last night of the seminar, I ended up chatting with a few guys from Australia in the hotel lobby (these guys were millionaires, who made a fortune offline).
One of them (Jason Hak was his name if I recall) wanted to smoke a cigar, so the conversation moved outdoors.
We chatted for hours. It was both fascinating and awesome. Funny enough, our discussion was about everything but marketing and business.
We talked about life, leisure, family, travel, surviving bankruptcy, and finance.
This late night chat went on so long that I actually did not go to sleep. I had to leave for the airport at 6:00 AM, so I just packed my suitcase and called a cab (true story, not a marketing fairytale).
Anyway… back to the story.
During our 4 hour (at least) marathon discussion, one point has remained stuck in my mind for the past 6+ years.
It’s about setting up and ”F-YOU account”.
Here’s how it works.
Most of you reading this have aspirations of eventually quitting your job — to spend more time with family, traveling, and doing what you truly love.
The problem is… most of us don’t plan for success. Or, we don’t plan properly for success.
That’s why (starting TODAY) you need to start an F-YOU account.
Go to your local bank and open a new bank account.
Sure, it might cost you an extra $10 per month in service charges. Who cares. Just go and do it.
Starting this week, I want you to put a few dollars aside every week and deposit the funds into this account.
If you get a commission check for $24.18 from ClickBank, go and deposit it into your new bank account.
If you can afford to take $50, $100, $300 or more from every paycheck, go and put that money directly into your new bank account.
What you are doing here is building up a cash reserve.
Your goal?
To stockpile enough funds that equals three months of your current salary.
If you are clearing $3K per month right now, you want to aim for $9K. You get the idea…
It might take you several months to get there, but that’s the whole idea.
YOU NEED TO START DOING THIS NOW.
Why?
The reason is simple.
When that day comes (and you know it will), when you start to make a couple of thousand dollars online, when is the right time to quit your job?
As I mentioned earlier, $2K per month cannot support a typical family.
However, if you have a nice “safety” reserve of $9K, plus your $2K per month online income, doesn’t this give you a bit more confidence to jump into your online business full time?
And that’s why it’s called an F-YOU account.
This is your way to plan ahead, so that someday you can say “F-YOU” to your boss and “F-YOU” to that crappy job that you loathe, zaps your energy and robs you of the majority of your waking hours (including precious time spent away from your family).
This is EXACTLY what I did.
When I quit my job back in 2002, I was ready. I was financially prepared. My online business was making steady money… and I knew I could do more.
Once I started to devote 100% of my efforts to my online business (instead of a few hours per night at 12 in the morning), the progress was immediate.
Yes, it was stressful (even downright scary). Even though I had an F-YOU account, I fought like hell to grow my business and survive.
I could not, WOULD NOT, let my family down. I had to succeed. They deserved it as much as I did. PLUS, I was not going back to that hell-hole of a job. They would have to drag me back kicking and screaming — and NOT without a fight!
But, worse case scenario… if everything failed, I would surely know it with 60 days.
At that point, I could start looking for another job to avoid living off credit cards, lines of credit, loans from Dad, etc. (all of which is a bad thing to do).
What is the next step?
Once you are self employed full-time, your business is growing and cashflow is steady, then…
Say F-YOU to your bank.
Pays those damn loans off.
Say F-YOU to Visa, MC, Amex. Pay those cards off – you don’t need to be paying them 18% interest per month.
Say F-YOU to your mortgage. Get that thing paid down as fast as you can.
You see, the F-YOU attitude is helpful throughout your lifecycle as an online entrepreneur.
Having your own business is all about freedom (lifestyle freedom, employment freedom, financial freedom…).
Having the freedom to do what you want, whenever you want. While also having the control to determine your own destiny.
I hope you have found this information to be of help. Don’t be like most people and forget all about this within the next 3 days.
Put a big note on your desk right now that says, “Start F-YOU account”.
Your colleagues will have no idea what this means.
And, all the while, you’ll be the one laughing each new day as you prepare for that glorious moment when you walk into the boss’s office and say those magic two words:
I QUIT!
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Thanks for another inspiring post Jason. I have been stashing away some cash, but never thought about really saving more. I know that I can eventually make a living online but it is a huge step going from steady paycheck to no paycheck.
I’m calling my bank monday morning to set up my new account.
I am at a stage with my biz that you mentioned above. It’s not an easy decision as a single mom 2 kids. Having an account with some extra $$$ for a rainy day would put me at ease. I like that idea. Wish me luck in the next few months!
Lisa
Hey Jason,
Great advice you have here. Very motivating!
I still remember that all-night brainstorming session we had with those guys from down under at the Holiday Inn :-}
Joel Christopher
Jason: Wow, great memory! I’m surprised you remembered that.
F-YOU Jason!!!! LOL Great post
That’s a solid financial planning concept – setting aside 3 months expenses in case of an emergency.
Or a non-emergency,like leaving your job!
Sposedly the average person is 3 missed paycheques away from behind homeless and on the street.
If you have a cushion saved up – and not live day to day – that will never happen.
I actually LIKE the extra pressure of having to make my “nut”, and believe that it might accelerate the process by totally committing to being self employed.
I DO agree that for most people, saving up the money needed to survive takes away that overbearing pressure, and will allow you to hang in there, working on your business, and bringing home the bacon, for as long as possible.
Maybe THAT’s why I have no kids! LOL
Best of luck to EVERYONE in bombing down the road to self fulfillment, and self-employment
Leaves you with the toughest boss in town though! LOL
Andrew Larder
InvestingBC.com
Yes, great advice to get me in the mood since this will be a busy weekend working on my business too. 2008 is going to be my year of freedom.
It’s an interesting story. I started my bank account several months ago like you did as well, though I have nothing to show at all so far. BUT eventually I WILL!
Great post, Jason, I hadn’t thought of it quite like that, but it’s sure nice to be at the point where you have fallback, whether it’s so you can leave your job, or just so that in case your PayPal account gets locked, you won’t have to freak out.
I’ve recommended this post to all the members at my site today.
I read about that concept before, thanks for remembering me! And sage advice it definitely is. Too many people are spending what they’re earning (and then some), month after month, and when they realize that they would love to quit their job, they can’t because they couldn’t even survive for a month without a paycheck. Very sad.
I tend to be somewhat cautious, maybe it’s because not having any money rolling in terrifies me. I personally would put at least 6 months into my F-YOU account, although that might sap the energy which comes from living on the edge
Tom
Hey Jason,
Great post. Nice touch – the kid and his dog pic.
I think I’d refrain from saying F-you to the boss. You never know when you might need a reference.
This really hits home. There’s nothing like the smell of fear to repel success. Really. Having that buffer would be a necessary luxury. Personally, I am at rock bottom, having just closed a business due to disability, without a buffer.
I don’t know how I manage, but I do. However, even a trickle of income would be encouraging. Trust me, it’s hard to keep that edge of desperation out of the tone of any communication, written or verbal.
That means working very hard at trusting the process.
I don’t think that fear is a very resourceful incentive when aiming for success.
Listen to Jason. You will be in for a much smoother ride if you take his advice.
Angelina
One Source – Infinite Channels
P.S. Please do not read into this a pity-plea, or anything like that. I simply wished to illustrate Jason’s point.
A.
I couldn’t resist another kick at the can here. In response to Marc’s post above, I think you should look closely. That boys appears to be p***ing on the wall, displaying loudly and proudly, his own “F-You” attitude.
Look closely….se what I mean?
A
Great post. Thanks for writing this.
Just great info again Jason,
Yes it is very daunting to take the leap,and your Idea does stand to reason.
If we could see the future, we would all have enough faith in our own ability to just Do it. But most never do.
Shane
Great post Jason!
I’ve been working on my F-You for about a year now.. I’ve paid down all my credit cards, paid off both cars, and paid cash for all those home-repairs and upgrades we’ve wanted/needed..
My online earnings are about $6k/month, I have virtually no debt, and now I am just about ready for that big F-YOU!! .. the only thing holding me back is fear.. in the meantime, that dual-income is nice… Now I’ll start that F-You bank account..
Great common sense advice. If I would have taken all of my online
earnings and put them in this account instead of buying all those stupid e-books – I’d probably have a year covered!
Inspiring stuff as usual jason!
I didn’t know that’s what it was called
, but I opened my FU Account
a few years ago. Mind you, beeing forced to do it through ill health really focussed my mind.
Amazing what you can achieve when your back is really against the wall though!
I’ve pointed my list to your blog. It always inspires me and I know it will do the same for the.
Cheers Jason.
Roy Carter
In response to Mark’s comment:
You get the reference BEFORE saying F-YOU, of course
Tom
Great advice!
The dilemma for me will be trying not to dip into the F-You account whenever I need a few extra bucks. If I do, I suppose it will then become a F-Me account.
Great post!
I did something similar before I quit my job except I was investing in Real Estate.
Matt H – you’ve got to be disciplined and make up your mind in the beginning that you’ll not touch the account under no circumstance.
Derek
Yeah, Tom Leykis talked about this for a few hours on his radio show.
i like it alot
in some how i start saving this but 3 monthes then what i think to be carfuel about quiting your job &to save from both ways normal job &online job
the elegance of not quitting a job until you are 3 months ahead on living expenses is more than about 90% of american households, let alone households in other englaish speaking countries can manage.
the actual reality, yes, get rid of debt. stop dreaming about the advantages of that mercedes you were looking at, and concentrating on oing the work will get you somewhere.
“making the nut” is indeed a great incentive. not “losing the nut” on the latest guru gimmick is another.
i’ve been up and down in this business since 1995 and a “hot” 133hz on a screaming 33.6k line.
and the only plan that i know works is to assume your internet connection is your workplace….keep it busy.
Thanks Jason,
I appreciate the intention of your post. However, something I have learned over the years is that we can either set our goals and expectations based on a negative idea we want to distance ourselves and run away from, or something positive and compelling that attracts us and makes us want to move toward it.
Like most people, initially my goals were set on what I DIDN’T want. Now I’m trying to reprogram myself more and more to set clear goals of moving towards what I DO want.
Putting the above into context with the message in your post, I will be taking your advice and setting up my “F-YOU” bank account to stand for “Freedom-U”, instead of giving the finger to everyone and everything that to date has served as an opportunity for my growth and development.
I agree with Marc’s comment … never burn bridges. Wish the old boss and the old job all good things and release them to their destiny, as you move joyfully and unencumbered towards your own.
Great article and great advice – one caveat I would add about credit cards – Yes, absolutely pay them off but dont get rid of them – I always shop around for the card that is giving the best deal in the way of points towards free gas, actual $$ rebates, etc. If they drop the incentive program, I drop the card. I recently read somewhere how ccard companies hate guys like me because instead of making money off of both me (the customer) and the merchant, they only make it off the merchant and actually sometimes lose because they give so much back in order to get you as a customer and keep you.
I too left a very, very well paying job in Jan. 2003 – I had been sitting on the fence, my Internet income had exceeded my job income for over 2 years but it was not until I overheard a conversation by a couple of people on the other side of my cubicle discussing how when one of these two retired in 6 months that his job was not being hired out and I would be getting his workload as well as part of the 2nd person’s who was in this conversation. I got up from my desk, went to the head office, asked to speak with the director and told him that I had been burning the candle at both ends and was there to put one of those ends out. Needless to say the 2nd party in the discussion I overheard was extremely displeased at hearing of my now official plans.
So that was my F-you moment.
Thanks for the great tips.
Good blog
Thanks for the great tips.
Wow! That was very motivating, inspiring and a great lesson to anyone out there who wants to go out on their own.
Oftentimes, you see people jumping the gun too early and then having to re-enter the job market. Dreams are obtainable but you have to be smart about it!
I can’t wait to hear what you have to say about running an online business 2009 on my upcoming Prediction Call!
( http://www.predictioncall.com )
hello; nice story , i did it aswell ; had a F-job within a multinational; got my bonus and started for myself.
Great post here. I’ve read about this in some motivational book before but have never brought myself to doing. Just reading your post has given me some push to go do it. I’m starting my “F YOU” right away!
Thanks for sharing
Great article. I’ll get my account set up today!!
Your blog may be ugly but you have great content.
Excellent post. I have been trying to build on-line since 2006 and it is only just recently that I have been making a steady income. I started a “F You” account in January this year and now have sufficient to funds to finance my on-line endeavours. But I did it for another reason. Many would-be marketers will probably have experienced the same as me.
The biggest mistake that I ever made was to tell my family and friends what I was doing. It´s crazy, but I have received nothing but negative comments from everyone. For some reason people just don´t take internet marketing seriously. To them it´s not a real business, and they will seem to do anything to stop you from succeeding.
Take for example a friend of mine gave me a “talking to” (on behalf of my family,) for wasting my money on “wild dreams”. This same friend has so far spent well over $100,000 on kitting out and advertising his “Proper business”. He also has a crippling mortgage on his industrial unit as well as all leasing agreements for his machinery. In 18 months he hasn´t made a single penny, but he still keeps shelling out money.
In contrast I have actually spent, from my own pocket, less than $3,000 in three years and for the past six months I have been making just over $45 a day in pure profit working only a few hours a day. So tell me. Who´s chasing rainbows?
The point to my story is; start your “F You” account, focus on one project at a time and say “F off” to the negative thinkers.
There is a lot of money to be made on-line, but, like any other business you have to plan well and be prepared to work hard.
Truthfully, there is no other business that can make the huge amounts of money possible in internet marketing with so little investment.
As the ad says “Just Do It!”
excellent advice – your boss and your debts are very bad for you and your health!
This was excellent advice. I hadn’t really thought about it that much up to now. This is a great business move. I will start one of these next week. This is an excellent way to save and be prepared to take the big leap from job to working at home.
nice idea, i will try it bymyself, i am fed up with my bossssssss