Being rich means having money, being wealthy means having choice and freedom. I have helped many guys realize that they don’t want to be rich; they just want to experience what they believe only money can buy.
You don’t need a lot of money in the bank to live like a millionaire you need cash flow. And getting that is not as hard as you might think it is…
First you need to understand…
Rich people work for money. The minute they stop working the flow stops and they won’t be able to sustain their lifestyle for a long time. Wealthy men, on the other hand, let their money work for them. So, even if they never move a finger for the rest of their existence their standard of living is safe.
The first thing you need to learn to become a wealthy man is the concept of passive income.
Identify your dreams, what do you want? And define the cost of realizing them in monthly terms.
You want a new Ferrari? You don’t need to have $160,000 in the bank. You only need to find a passive income instrument that can give you between $2000 and $3000 extra every month and lease it. That is not as hard as you think it is!
You want to travel? How much money would you need to travel frequently?
Give some thought to this, you may discover you don’t need a lot of money to boost your life and have the lifestyle you deserve.
Earn some passive income…
Once you know the cost of your dreams in monthly terms you will need to build a money machine that will let you finance them. There are a lot of alternatives, here are few…
#1. – You can sell information products online. Earning an extra $1000 to $3000 a month is a very realistic goal.
#2. – Invest your savings in the stock market. Find a system that operates in a mechanical way; we don’t want to be in front of the computer all day. If you use an effective system and sound money management rules I promise you will make a profit.
#3. – Real Estate is a great passive income alternative. I remember when I was young that my father got a credit to buy a house and then rented the property to a family. The money he made was enough to make the monthly mortgage payments and still gave him some money to burn.
#4. – Licensing. If you are like me and have a passion for music or photography you can license your original material on a royalty-free website where customers will pay you a fee to use it for a publication, website, radio or TV ad, etc.
There are many more alternatives of course. These are only some ideas to get you started. Once you learn how to build a successful money machine to generate passive income you will be able to replicate the process as many times as you want.
Just remember you need to be trained to make wise decisions. Look for a mentor with experience and follow his advice.
Take baby steps. If you aim for overnight riches you will lose.
Today I have a life of choice and freedom beyond my wildest dreams. And although I’d love to claim I did it all myself, the truth is that there were a few courses I bought which were KEY to getting there.
I’ve bought dozens and dozens of courses, but far and away the best one was “The Money In Your Mind” by self made millionaire Igor-Alexander Ledochowski training program. It absolutely blew my mind – and got me far better results than anything I tried before.