I’ve been a pupil of the wealth creation formula for two years. This program has helped me quit my job, increase my earnings, and has let me invest in income-producing assets. The Wealth Creation Formula is the key to financial freedom. Irrespective of where you live unless you take control of your income and finance, you may struggle.
Commit to creating wealth for you, your loved ones, and your neighborhood. Being rich does have its advantages. Don’t you want those advantages? To become rich and wealthy you will need to have income. Income is the key to wealth creation. Now you’ve probably been taught to save your cash, pay off your debts, and live on a budget. Although these help you on your way to wealth. Income is the only way to help you graduate from the middle class.
Revenue is King
The most crucial step in the Wealth Creation Formula is creating income. Income is King and without income, you’ll fail financially. It’s that simple. How important is income? There are plenty of stories of professional athletes that have become broke, filing bankruptcies, and working regular jobs after retirement. Of course, their poor spending habits, poor investments, and poor money management have led to their financial downfall.
But the 1 key that most people overlook is that once those professional athletes retire they don’t produce those million dollar checks . Their professional careers are over and they stop producing that income. Regardless.
Once the earnings particularly those million dollar contracts dry up they are in trouble. They still have to produce income after their careers are over. According to Sports Illustrated, after just 2 years of retirement, 78 percent of NFL players were either broke or struggling financially. Within 5 years of retirement, 60 percent of NBA players are broke. When you have expenses and no income to match it the sole result is going broke.
Start Where You’re
Income is your source of wealth. Your job or business is the key. Whether you like what you do or not it is producing income. Furthermore, if you are making money there’s a chance to create more of it. What I love about the Wealth Creation Formula is that it gives you a blueprint which can be applied to any profession, career, or job.
The ideal place to start is where you are now. You’ve got a source now it is time to milk it until it dries up. Your job or your business brings in money. Your next step is to increase your income flow. I will teach you how to do that in another lesson. For those without an income. Go create one today.
For those who have a job or a company look for ways to produce more income form that stream. If you are unemployed, well you will need to get some cash. Go get a job, sell some stuff online, visit the streets and beg. You have to obtain an income flow. You will not become rich without earning money. The question is what can you do today to make money?
You have a skill set that can get you paid. However, you need to understand how to develop it. Your job trained you on how to be employed. Thus you perform their duties and you earn cash. With that said now it’s time for you to learn more to earn more.
Charles Fitzgerald Butler is an entrepreneur and expert in sales and marketing. You can partner with Charles and start building multiple income streams from your dwelling. Charles’ objective is to assist all who partner with him achieve cash flow and profits from their business.
Marketing, leadership, and a business blueprint are crucial in your success.