Let’s Look At The 4 Ways You Create Income!
When Robert Kiyosaki came along and wrote the books “Rich Dad Poor Dad that made him famous, he was able to give us a way to think about and talk about and look at how the poor, the middle class and the rich make their money. He explained to us the concept through his cash flow quadrant.
This book change my perspective on the concept of making money and creating wealth. I have never look at making money the same again. From when I finish reading this book, I became obsessed with moving away from the left hand side of the Cashflow Quadrant where you trade your time for money over to the right hand side of the Cashflow Quadrant where money work for you.
Robert Kiyosaki said, there are four ways to earn money and each of us fit at least into one.
Let’s look at them one by one real quick.
On the left hand side of the board, we have the employee and the self employee.
This guys work an average of 8-10 hours per day to make between $19 to $30 an hour on average. With average income of $40,000 to $80,000 per year. Sound familiar?
They’re on what we call, a 40 Year Plan. (This guys work, 40hrs per week, 40 weeks per year for 40 years. In other words, work 9 – 5, until you’re 65 and hope that you have enough saving by the time you’re 65)
The people on the 40 Year Plan, exchange their time for money. Here is how it looks. You work an hour & get paid an hour. If you work more hours, you get paid for that hour. But when you don’t work an hour, you don’t get paid.
So, as you work those long hours, you try your level best to put some money aside little by little as saving so that you don’t have to work anymore when you reach 65. At least that’s the plan.
But here is the problem. Statistic shows that, most people in our society find it very hard to stick to a saving plan because of their limited income. Almost 100% of the money they make go to cover all the bills that never stop coming. Making it almost impossible to achieve financial freedom.
Most people in the 40 year plan would turn 65 with no enough money. They either would need to continue working or they would need help from social security or family members. Not a pleasant place to be.
So, these people are stuck in what we called survival mode. They go through their working days feeling angry and frustrated.
80% of people in our society make their money this way. We call these group, active income earners. Why? Because you always have to be physically active to make the money.
To me, this is the worst way of making money. You never get ahead because you have zero leverage.
If you are like me, you want to know what else is out there. What else can you do to achieve personal and financial freedom.
If we look on the right hand side of the board, you have 5 to 10 years plan to personal & financial freedom. 10 to 20% of people in our society make an average income of $100,000 plus per year.
We called this group, passive income earners. They work an average of 2 to 4 hours per day. They make their money either through investing or through asset base business.
Investor: Being an investor. That is when you take money and make more money from it. The key ingredient here is off cause money. And last time we check, 80% of people don’t have such money lying around. So, only few people have the luxury to make their money this way.
Business Owner: And then the top one which we are more interested in is being a business owner.
The different between a business owner and self employee is that, this guys invest their time, money and effort to create asset and those asset make them money.
This right hand side of the cash flow quadrant are the two ways that will give you the opportunity to achieve personal and financial freedom and with the right vehicle, you could achieve that in just 5 to 10 years.
This are the two ways the rich and the ultra rich of our society make their money.
And they live in the best neighbourhood. Send their kids to the best school. They get to travel in some of the best places in the world. They get the best health care service, They live longer and they live life on their own terms.
These’re the people who live a life of peace, joy and freedom.
But here is the good news. You can live that way too. Because most of these guys who are now in the top 10% where at one point at the bottom 90%.
The Ultimate Lifestyle Business Model
What I am about to share with you now is a 2 to 5 Year Plan for you to achieve personal and financial freedom.
So, that begs the question…
What kind of business out there can get you from where you are right now…
Over to the right side of the cash flow quadrant the FASTEST & with low investment of both time and money and low risk?
There are 3 legit ways to create passive income.
Before we look at them, let’s look at the 6 criteria that for us, represent the perfect lifestyle business model.
We have a clear set of criteria that for us, represent a perfect asset based business model.
A Business that would provide you with the maximum time and financial freedom. And that anyone can start and build even with no prior experience.
Let’s go through them real quick.
Here are the 6 criteria for a perfect lifestyle business.
Doesn’t require your life saving or thousands of dollars to start and maintain. Starting as low as $100.
Ability to build your business in over 100 countries. Live in Australia & have a business in USA & other countries.
No ceiling on your earning ability. In a job, you get paid what the job is worth. Here, you get paid what you are worth.
A learnable, teachable and duplicable system that can be repeated over and over again.
You invest your time + money + effort to create asset and that asset make you money while you sleep. You do the work once, get paid again and again
Work part-time, from home or anywhere in the world and without quitting what you’re currently doing. Invest only 1-2 hrs per day which will compound over time.
The 3 Legit Ways To Create Passive Income
Now, let’s look at the 3 legit ways to create passive income and see which one fit our 6 criteria for a perfect lifestyle business model.
You can create passive income by becoming a High Net-worth investor. This include investing in real estate, buying a profitable existing businesses and then having someone else run it as Warren Buffet does.
(The problem is, this require BIG capital and most people don’t have such money laying around. They barely have enough money to cover their bills. Only 1% of the world population have the luxury to create lucrative income this way.)
You can create passive income through talent. This include writing a best selling book, recording a hit songs & album like MJ, coming up with a unique ideas for mobile apps that would make people lives better etc.
(The problem is, this required, first talent and second, intense investment of both time and money and most people don’t have either time or money because they’re spending most of their time at a job to make money)
You can create passive income through developing a business Network. This include, becoming an affiliate Marketer, becoming an email marketer, becoming a network marketer. All those billion dollars companies such as, Facebook, Youtube, IG, LinkedIn, Netflix, Uber are all network driven companies.
(This by far is the most cost effective way to create passive income in term of both investment of time and money)
Why Network Marketing The Best Lifestyle & Wealth Creation’s Business Module For The Masses!.
After comparing all the 3 ways of creating passive income, we identify that, only Network Marketing fit our 6 criteria for a perfect asset based business model 100%. The rest are missing some.
Although all of the above have the potential of creating passive income, only network marketing provide some really unique and valuable attributes that fit our 6 criteria for a perfect lifestyle business.Before we look at those unique attributes, let’s look at 4 of the BIGGEST reasons why most people failed to start their own businesses.
We found that, from our own experiences and also talking with thousands of ‘wanna be entrepreneurs’, these are the top 4 reasons that stop most people from starting their own business. I don’t know about you, but they almost kill my entrepreneurial dreams.
Here Is Why Network Marketing The Best Business Module For The Masses To Become Wealthy.
My Top 6 Reasons Why I Recommend You To Start & Build Your Network Marketing Business.
Starting and building a successful business from scratch is not really easy. If you don’t have the right mindset, business skills, time, money and emotional toughness that is required to build a successful business, you are DOOM to failed. That’s why 85% of businesses failed within 5 years of starting.
Here are My top 6 Reasons Why I Recommend You To Start & Build Your Network Marketing Business.
Most great Network marketing companies provide coaching and mentorship program that want you to succeed. Most people don’t come from business background. Therefore, to have someone coach and mentor you to reprogram your mind to develop a business success habit and principles, it’s priceless.
There’s already a proven success system in place that you can follow every steps of the way. A learnable, teachable and duplicable system that can be repeated over and over again.
Think MacDonald. A proven system is why MacDonald is so successful.
You are never alone. You are surrounded by a network of supported business partners who are ready and willing to give you a helping hand whenever you need it. There’sa sharing of strengths and minimizing of weaknesses that make everyone involved stronger. We grow exponentially through being cooperative and making sure the people we partner with are financially successful.
Invest only 1-2 hrs per day in building your network business and without quitting what you’re currently doing which will compound over time.
The only way you’re going to have time freedom is to understand the concept of time compounding. Network Marketing is KING when comes to applying the concept of time compounding.
Jean Paul Getty, the 1st Billionaire in the US, explained the concept of time compounding perfectly. He said, “I’d rather have and earn 1% off a 100 people’s efforts than 100% of my own effort.”
Learning how to leverage other people time. This has been the secret key for all wealthy people.
Network Marketing focus heavily on personal & leadership development of a person.
The successful leaders in the industry understand that personal growth always comes before business growth. Without personal growth, there’s no business growth.
They help you set goals, eliminate self-sabotaging behaviors, communicate persuasively, build a committed network of business partners; learn to become an influential leader; inspire and lead a wide range of personalities etc.
The skills you learn in Network Marketing make you better in your relationship, at work and every key areas in your life.
As far as the compensation plan goes, it’s an equal level play field and you have unlimited income earning potential if you put effort to it.
If I think of a job, there’s a ceiling on your earnings no matter how hard you work. Here there’s no ceiling. Another thing about a job is that, you get paid what the job is worth but in Network Marketing, you get paid what you are worth. And in Network Marketing, you have the potential to generate passive income which is the key ingredient to your personal FREEDOM!
If you decided to start any other business outside the network marketing, you are on your own. For example, when I was creating my music productions and consulting businesses, I paid thousands of dollars to get coaching and mentorship from people who are already successful in those field with no guarantee of success on my part.
Network marketing is unique in comparison to traditional business because people in the room truly want you to succeed because when you make money, the entire organization will become stronger and every member of the team you’re working with Will benefits.
You won’t find much of that in the corporate jobs or other business module.
Not All Network Marketing Companies Are Good.
Here is how to spot the good from the bad and the ugly.
There are over 100 plus Network Marketing companies around. Ranking from small to large. Some are really good and others are really bad.
Make sure you do your diligent research.
Most people who are looking for a legitimate business opportunity do not know or have a clear criteria that represents a profitable and strong business opportunity.
Here Are The 4 Keys Element And Criteria To Finding The Right Network Marketing Company To Affiliate With.
Look for group that utilize network marketing platform but they are mentorship and leadership development driven.
That means, they focus on developing you as a person so that you can develop success principle and habits instead of just transactional relationships.
The compensation plan should be structure in a way that it’s an equal level play field. That means, if you start today and put in more effort than the guys that started 5 years ago, you should still have the opportunity to make more money than them.
In other words, it’s not a pyramid scheme where the guy on the top make all the money.
No business exist without products and services. Get them to share with you some of the sample products they have. But as you check out the range of products, DO NOT make the mistake to think like a consumer. Think like an entrepreneur. Here is the different. Consumer only think about the price and their buying habits. Entrepreneurs, think about the marketing demands and profits.
Ask these questions:
How long the company you will be working with been in business?
What are their success track record?
Then you have to evaluate your own life to decide if you have enough reasons to want to do something different.
I noticed that, the individuals who build a very successful network marketing business or any entrepreneurial venture are those with BIG emotional dreams.
I hope I was able to help you make a logical and inform business decision as you think about taking path in your entrepreneurial venture.
I am very passionate about entrepreneurship because I believe entrepreneurship put you in the driver seat to your destiny which I believe is everyone goals.
I believe through this simple learnable, teachable and duplicatable success principle, together, we’re going to help impact and improve the financial lives of thousands of families across the world.
I am passionate about many things that I love to BE! DO! HAVE!
One of my main passion is to empower and encourage individuals to overcome their fears and build up their self-confidence to pursue their true passion and dreams