I have been a student of the wealth creation formula for two years. This program has helped me quit my job, increase my income, and has helped me invest in income generating assets. Tea Wealth Creation Formula It is your key to financial independence. The middle class is dead. Millionaire status is the new middle class. Regardless of where you live, unless you take control of your income and finances, you will have a hard time.
Commit to creating wealth for yourself, your family, and your community. Being rich has its advantages. Don’t want those perks? To become wealthy and wealthy you need to have income. Income is the key to creating wealth. Now you’ve probably been taught to save your money, pay off your debt, 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.
income is king
The most important step in the Wealth Creation Formula is generating income. Income is king and without income, you will fail financially. It’s that easy. How important is income? There are countless stories of professional athletes going broke, filing for bankruptcy, and working regular jobs after retirement. Of course, your bad spending habits, bad investments, and poor money management have led to your financial ruin.
But the key that most people miss is that once those professional athletes retire, they no longer produce those million-dollar checks. Their professional careers end and they stop producing that income. Inconsiderate. if they lived an exuberant lifestyle, if they still had that big payday, they’d be fine.
Once the revenue, especially those million-dollar contracts, dries up, they’re in trouble. They have yet to produce income after their careers are over. According to Sports Illustrated, after just 2 years out of retirement, 78 percent of NFL players were broke or in financial trouble. Within 5 years of retirement, 60 percent of NBA players are broke. When you have expenses and no income to match them, the only result is going broke.
start where you are
Income is your source of wealth. Your work or business is the key. Whether you like what you do or not, it is producing income. Also, if you are making money, there is a chance to create more. What I love about the wealth building formula is that it gives you a blueprint that can be applied to any profession, career, or job.
The best place to start is where you are now. You have a fountain, now is the time to milk it before it runs dry. Your work or your business generates money. Your next step is to increase your income stream. I’ll show you how to do it in the next lesson. For those of you with no income. Go create one now.
Creating Income
If you have a job or business, look for ways to generate more income from that stream. If you are unemployed then you need to get some money. Go find a job, sell some stuff online, go out and beg. You have to get an income stream. You won’t get rich without making money. The question is what can you do now to make money?
Learn to generate income. You have strengths and a skill set that can get you paid. But you have to learn to develop it. His work trained him on how to be employed. So you fulfill your duties and earn money. With that being said, now is the time for you to learn more to earn more.