Hi Everyone,
First you need to choose that you deserve to be Wealthy!
I remember a leader of a network marking company told her story. (example) The story goes that Linda was trying to bring her husband home from work so he could help her in networking. Linda had built the business to $3000 a month and was not able to get past that point. It was 6 months till she went to her up line to ask for help. George asked Linda what she made before networking and Linda said it was about $3000 dollars. George said that is what you tkink your worth Linda. You must give yourself permission to make more than the $3000 dollars, she did and the next month Linda made $5500 and the month after She made over$10,000 and it kept growing.
The definition
We will be using on this Website
The definition we will use is from Robert Kiyosaki of Wealth: ”Having enough passive or profolio income to cover your monthly expenses then you are wealthy” that doesn’t mean your Rich. It means that all your bills are paid if you work or not. To me this is the point where we start building Wealth. (example) A family that has monthly expenses of $6000. dollars (it could be higher or Lower for you) they make $6300 so that gives them $300 to build wealth but that is not much. So they desided to start an internet business and put that $300 to work. The internet business made them $1000 the first month so $300 made a $1000 that is not a bad return. So now they have $1300 to build wealth with that month, they put it in a savings account. The next month the internet business makes $3500 then the next month it is $8000 and this means they are wealthy by the above definition, because all their bills will be paid if they work or not. Here is where you start building wealth. You can then start buying real estate or other investments and we will talk about wealth and building wealth from that POINT.
Passive income: income generated through investments, business, rental income or money that comes in from other sources rather than your Labor.
