How to achieve WEALTH

The Three Levels Of Wealth And How To Achieve Them

To create financial success, the first step is to get clear on what you want.

There is no right or wrong answer, but you should know what you want and what you are choosing. So to make this simple, I have defined 3 basic categories for you: 1) earning a living, 2) financial freedom, and 3) building wealth.

I focus on numbers 2 and 3 with my students. Number one is fine for a lot of people, but if that is what you are aiming for, I’m not the best teacher for you. I’m just including it here so you can understand the difference.

To create financial success, the first step is to get clear on what you want.

So let us look at each of these.

EARNING A LIVING

If you have a decent income and you save some of it, you can have a decent living. If you don’t save any of it, you are not going to have a decent living. You are always going to be living in fear and stressing about money because you won’t have any… since you already spent all of it!

I don’t care whether you earn #200,000 or #500,000 a month, If you spend it all, you will live in fear and stress and die of a heart attack. So a decent living is the minimum you should be aiming for.

FINANCIAL FREEDOM

Then the next stage is financial freedom.

Does financial freedom mean you are rich? It can, but not necessarily.

Is freedom good? Yes, I think freedom is really good, and that is why I preach financially free at first. Freedom comes before rich.

Here is what I mean. For the first time now, you have another element – another workhorse – working for you, and that is what? Money. Your money is generating more money for you.

This is about adding to your living with investments.

Now you might say, “I don’t have a lot of money, so how could that work?” You need to start. That is why you have to have a financial freedom account. It’s easy to start an investment plan with just 10% of all your income going into that account.

You are going to start like everybody else with #500. Eventually, it will be #1,000. Then it will be #5,000, and then #10,000. You start where you start, and eventually, your money is producing enough new money to cover all your needs and wants. That is freedom.

WEALTH

Now let us talk about building wealth and getting rich. So now how do we get to rich? Well, the number one rule for building wealth is: there are no limits on your income.

One way is if you can build up enough financial freedom elements, that can lead to getting rich over time. But there is a faster way.

And that is to have a vehicle that has the possibility of creating wealth – it has to create some serious income. I’m talking about Assets. But not just any Assets, income-generating Assets like Businesses, Real Estate, Papers (stock, bond…), Commodities (Gold, Oil etc…). If you have to be there in order for your income to happen, you do not own a income-generating asset or business.

You own a job. It’s called a “personal service business”, but it’s a job with you as the boss. And that can be the worst boss you can possibly have because you never get away from them!

For a business to make you rich, you have to ask, “Will this vehicle allow me to leverage, systemize, and get out of here… and still deliver the value through other people, other technologies, and other means?”

The value must be delivered, and the problem must be solved for the clients, but not by you

But if you want to build wealth, you need to be looking beyond that stage and taking steps to remove yourself as soon as possible. When you have a business that generates a lot of money without your involvement, then you can get rich! SIMPLE

If you have to be there in order for your income to happen, you do not own a Income-generating business.

Know What You Want And Get In The Right Position.

Thank You for your time. Do not forget to share on your social media for others to read, THANK YOU

To make life more BETTER.

Updated: May 19, 2019 — 8:36 am

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