You Need To Work Hard To Be Rich-myth Or Truth? - 0 views
started by Lang Erlandsen on 30 Aug 13
started by Lang Erlandsen on 30 Aug 13
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started by Lang Erlandsen on 30 Aug 13
'One of the very most popular misconceptions about getting rich or achieving economic success is the fact that spending so much time is the key to generate wealth,' announced Jamie McIntyre. Jamie is a greatly desired individual progress coach and has traveled all over the world meeting and learning from a number of the most readily useful teachers in this world including Robert Kiyosaki, Anthony Robbins, General Norman Schwarzkopf and the.
He further insisted that, 'working hard and making income have nothing in common, I repeat, nothing to do with each other in this modern time.' Why is this man making such very powerful but controversial claims? Well, he backed up his statements using the following description. He uses his father, for instance a player.
His father started out with just is a now.This man, similar to framers, believes that that was how he became a millionaire and true effort will be the key to success. He believed this is the fact to wealth creation.
Jamie explained to his father that hard work didn't guarantee or really play a major role in his dad's success. Actually it's a myth. His dad is a wealthy today due to the understanding of value on his farm land property. Tony Robbins includes further concerning the inner workings of it. When his purchased ages ago in a mere $50,000 pounds the park is now worth more that a million bucks. Despite the fact that his father was certainly working hard on the farm for several years, this didn't make the farmer rich. Income from the village has actually dropped poorly and the man would never save your self one million dollars from his farm's income even though he worked hard on it for several lives.
His father's wealth was created by purchasing the farmland house at a low cost and the increasing importance of the land over a period of time. Anyone who have read Robert Kiyosaki's 'Rich Dad Poor Dad'book will find this concept familiar.
His father's wealth was gathered even though he was asleep and almost without the effort at all. It's true that good work ethic and some hard work at first helped however the most significant function was the committing of his money on the home and letting his money work for him. To research additional information, please consider having a peep at: antony robbins discussions.
Then Jamie continued to make use of his mother as another example. His mother had always wanted to start a coffee shop. She didn't understand that many years later, she was wanted to choose the whole building in which the cafe was located.
However she did not buy it because she had already borrowed lots of money for the restaurant business and did not like the idea of borrowing anymore money. She was being mistakenly sensible.
She worked extremely hard for many many years, usually not paying himself a wage as another rule for wealth creation, (another major mistake is to always pay yourself first). She often worked hard to pay for the shop's rental. She was working real hard but with a miserable return for the investment and labor.
You see,if she for your building,she might have:- only she had borrowed yet another $100,000
a) Charged her coffee shop business a greater rent since the money still comes back to her. Even when her company just managed to pay the rent, it could be used to get back the borrowed money.
b) The building would appreciate in value over time making her lots of money without working and plus her receiving a greater rental, it immediately make the building much more valuable.
D) She can sell away her coffee shop business and kept the building profiting from the sale of her business and then have the new tenants spending her leases for the shop. Now she need not work to have a constant stream of passive income.
d) If she still desires to work, she could work in your free time for that manager and then picking up another revenue stream. The fact remains that a lot of channels of passive income now, his mother might be rich without working hard.
So,in order to become rich you need to work hard,is a truth or a fantasy? Find out on your own as Jamie is offering his free economic money planning e-book at my blog below.