I’ve been a student of the wealth creation formula for a couple of decades. This program has helped me quit my job, increase my income, and has helped me invest in income-producing assets. The Wealth Creation Formula is your key to financial freedom. Irrespective of where you live unless you take control of your income and finance, you will struggle.
Commit to creating wealth for you, your loved ones, and your community. Being wealthy does have its benefits. Don’t you need those advantages? To become rich and wealthy you will need to have income. Income is the key to wealth creation. Now you have probably been taught to save your money, pay off your debts, and live on a budget. Though these help you on your way to wealth. Income is the only way to assist you graduate from the middle class.
Income is King
The most crucial step in the Wealth Creation Formula is generating income. Income is King and with no 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, bad investments, and bad money management have contributed to their own financial downfall.
But the 1 key that most folks overlook is that once those professional athletes retire they don’t create those million dollar checks . Their professional careers are over and they stop producing that income. Regardless. If they lived a lush lifestyle if they still had that big payday they would be OK.
Once the income especially those million dollar contracts dry up they’re in trouble. They still have to produce income after their careers are over. According to Sports Illustrated, after only two years of retirement, 78 percent of NFL players were either broke or struggling financially. When you have expenses and no income to match it the sole result is going bankrupt.
Start Where You Are
Income is your source of wealth. Your job or business is fundamental. 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.
The best place to start is where you are now. You have a source now it is time to milk it before it dries up. Your job or your business brings in money. Your next step is to increase your income flow. I am going to teach you how you can do that in another lesson. For those without an income. Go create one today.
If you have a job or a company look for ways to produce more income form that flow. If you’re unemployed, well you need to get some cash. Go get a job, sell some stuff on the internet, visit the streets and beg. You have to get an income flow. You will not become rich without making money. The question is what can you do now to earn money?
Learn how to create income. You have a skill set that can get you paid. But 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 is time for you to learn more to earn more.
Charles Fitzgerald Butler is an entrepreneur and expert in marketing and sales. You can partner with Charles and start building multiple income streams from your dwelling. Charles’ goal is to help all who partner with him achieve cash flow and profits from their business.