Do you have LAZY Assets? Do you make money while you sleep? Do you have more than one income stream? Is your money working FOR you or AGAINST you? These were all questions my mentor asked me when I first started working with him just a short 2 ½ years ago.
The answer was I definitely had lazy assets, I had only 1 income stream and my money was NOT working for me in the best way it could. Fast forward to preparing my taxes for the year end 2021 and I have 7 income streams and am in the works to add at least 4 more in 2021.
Have you heard of the 4 cash flow quadrants? I had heard of them before but can’t say I truly understood them until I immersed myself in this amazing world of entrepreneurship.
Four CASH FLOW QUADRANTS:
Employee – trading your time for money
Self Employed – 90% of small business owners really own a job
Business System Owner – you own a system (Think McDonald’s Franchise owner)
Investor – Your money works for you while you sleep
Which one are you in? I was an employee for 27 years. I did well, I am in the top 10% of earners in the US…but guess what? Corporate owned my life and ALL my income was in that basket.
There are so many ways to make money for our families. Franchises, network marketing, direct selling, affiliate marketing…the list goes on. My prayer is that you don’t intend to stay in that employee category as your ONLY source of income.
If you need help with that, please reach out to me! Our company offers so many ways to earn additional income, we are losing count!
I had an opportunity to learn from a lovely new friend this week, Christin Kingsbury. Christin Kingsbury is the CEO of Get Some Assets and a living example of how real estate investing can move people from average to abundance. Her company changes your thinking and builds fortunes through training, consulting, connecting and investment opportunities, empowering you to build wealth that impacts generations.
Enjoy our conversation!
Listen to the episode here
If you’d rather watch our conversation, tune in here
Special Events & Announcements this week:
Thursday, December 10th at 6:30pm
Come join our Virtual Wine Tasting with Traveling Vineyards! This is a great opportunity for some fellowship and buying wine at a discount just in time for the holidays!
Click below to RSVP and get the details.
Saturday, December 12th at 12noon pst
Are you a network marketer or business builder looking to grow your Recruiter Mindset in 2021?
Join us for our complementary Recruiter Mindset workshop. I will be teaching from my 25 years of experience in recruiting to help you grow your business in 2021. Sign up below and invite your friends!
If you’re looking for a fun game to add under the Christmas Tree this year, check out, The Millionaire Maker Game, from one of my mentors Loral Langemeier.
Loral is teaching our kids to change the financial landscape of their future!
As always, feel free to reach out with any questions or needs throughout the week. If you need time with me, pick a good time on my calendar but I will make myself after hours as well as always.
I’d Love to Connect with You!
P.S. If you liked this newsletter and genius from our guest, please share with your community… forward it to a friend who always challenges YOU to grow. I hope you have at least one of those people in your life!
P.S.S. Do you have a desire to create a business of your own but have no clue where to start? Come join us at www.perfectsidegigs.com and explore the amazing world of business building and entrepreneurship. Let us help you discover the person you were MEANT to become!