What They Don't Want You to Know
Too many people believe that the only way they can afford a house, food, and other necessities is to go out and get a 9-to-5 job sitting somewhere behind a desk. They look only at wealth while ignoring cash flow. Instead of investing, they hoard their money in a bank account. Fortunately, you don't have to work yourself to death for the next 40 years. I've compiled some thoughts about the best business practices to help you get your start. The following is just a small sample of what you'll learn:
Control and Ownership
When you think of a house, you probably see it as a place to live, raise some kids, and relax for the rest of your life. A comfortable house with a white picket fence is the quintessential American dream, which means that everyone wants one. With a little financial literacy, you'll learn how to pick up homes and flip them within weeks. When you're just starting a business, you can save money by getting the other party to pay the closing fees, and instead of owning the home, you'll merely control it for a little while.
Retirement Through Control
What most people don't understand is that they can retire as soon as they learn to control assets rather than owning them. Unfortunately, the traditional retirement industry has misled the public by telling them they need to save up millions of dollars in a 401(k), IRA, or other qualified plan (By the way, who does the qualifying?). People set aside money each month only to get low returns, but they don't realize they could retire today by increasing their passive income. As long as they're pulling in more than they're spending, they don't need to have a job.
A Complicit Education System
Most people go to school believing that they're going to learn how to make money or earn a living. What they learn is that they're going to need to work for the next 40 years at a job they probably despise just to save up for retirement — are you starting to notice a pattern? I want to teach you how to build your passive income by following some of the best business practices around. When you learn how to make money without a steady job, you'll never go back to the old way of life again.
Practice Is Key
Once you learn the basics of income control outlined above, you can open up your own company. When starting a business, remember that you're going to make mistakes, but you'll actually learn from them. You can only learn so much sitting in a classroom. When you first start investing, don't hesitate or second-guess yourself because of one mistake or two or three or four (you get the point). Stay the course with your passive income strategy, and eventually it will be come more probable that you'll increase your income by an exponential rate each year.
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Until next time…