Step 1: Create Your Financial Base
Have you ever been to, or seen pictures of, the Great Pyramids in Egypt?
What do you think the chances are of the pyramids tipping over?
That’s because most of the time, effort, and materials went into building a solid foundation for the pyramids. It’s the reason why they’ve stood the test of time for more than five thousand years.
How you build your base is everything.
It starts by stopping the financial bleeding that is caused by high-interest debts.
This would include anything that is costing you over 12% a year like:
- Credit cards
- Cash advance loans (also known as ‘Fast Cash’ loans)
- Merchant cards for things like furniture, clothing, electronics, etc.
It might seem like an impossible task, especially when you are always playing catch-up.
But there is a solution…
I’m going to show you how you can build a $2,000 savings fund within the next 90 days.
This way you never have to worry about going into debt for a small emergency again.
Then I’m going to give you 3 strategies to help you eliminate your high interest debts very quickly.
Step 2: Lead Your Money
What’s passive income?
It’s income that you are not actively involved in earning.
You need to create passive income if you ever want to be wealthy.
The majority of people have a consumer mindset.
They make money, pay the highest taxes, and then use whatever money is left to buy (or finance) things that rapidly decline in value.
I call these things consumer expenses (labeled ‘CE’ below).
I’m going to show you how you can use your money as tool to attract you more money.
Instead of following what the majority of people do, you are going to build an investor mindset like the minority of people.
Now you are going to make money, and if you do this correctly you will pay less in taxes – legally. [More on this in the Multiply Your Income step].
Then you will use your money to buy investment seeds (labeled ‘IS’ below), which are things that pay you with passive income.
Step 3: Interest-Free Living
We are living in a debt culture.
It’s completely normal to make $1 and then go out and spend $1.25.
You don’t have to be a math genius to understand that this is not going to end well.
That is…unless you’re a bank.
Banks LOVE it when you are SO FINANCIALLY STUPID!
They make BILLIONS of dollars every year because you don’t understand how the game works.
Well, enough of that…
In this step, I’m going to show you how to use your money to build your own wealth. Not wealth for the banks and credit card companies.
So you’re going to learn how to get rid of your remaining debts (student loans, car payments, mortgage).
Plus, I’m going to give you a lot of tips on how to spend your money in the future.
Step 4: Multiply Your Income
Financially speaking, working harder at your job is the worst way to grow your income.
- You get paid for your time. When you don’t work, you don’t get paid.
- You limit the amount of money you can make because there’s a limit to how many hours you can exchange for dollars
- Working hard for someone else is expensive. You pay the highest taxes.
I have the option to be a high-paid employee (I’m a licensed attorney).
As a business attorney, I could charge $250 per hour for legal services.
But financially, it doesn’t make sense for me for 3 reasons…
- I don’t like selling my time for money;
- I’d have to pay the highest taxes; and
- It’s not my passion.
I’m going to show you how to work smart to create a side income from the internet, even if you’re working a job or going to school.
I think it’s the smartest way to work hard in this new economy.
This way, you can do the work once and get paid for it years into the future.
I’ll also show you how to pay less in taxes using strategies approved by the IRS.
Step 5: Be Great
Your family is depending on you to be smart with your money.
When you keep more, you have more, and you can do more.
Does that make sense?
I’ll teach you how to protect your new wealth from the people who want to take it from you, and hurt your way of life.
Don’t let it happen.
I’m also going to show you how you can incorporate giving into your lifestyle because the more you have, the more you can do.
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