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Andrew: Hi. And congratulations for making it this far and coming in to the free content
page on the Money-Mind-Set. In this page, we promise to take you through step by step,
some of the key things that we’ve done to develop passive income.
Now before I get started, I would like to introduce you to West Loh. Hi West!
West: Hi Andrew!
Andrew: Now West is my business partner in this site. And he’s also a clever business
person in his own right and he has several sources of passive income that he’s developed
over the years. And I wish I was as clever as West at his age to be able to get things
going up.
But how many passive income sources have you got going?
West: I’ve probably got seven at the moment.
Andrew: Seven different passive incomes.
West: Seven different passive incomes.
Andrew: So these are things that make you money?
West: Absolutely. Well, I play golf to be more accurate.
Andrew: You play golf? Okay, that’s great. So let’s get into it. People want to find
out what we did, not hear about us too much.
I’m just wondering, maybe you should give a little bit of background about what I’ve
been up to and where this came from.
West: Yeah, absolutely. Tell us about how you got into the mindset side of things Andrew.
Andrew: Okay, cool. Well, what this site’s about, as we said before, it’s not just
to teach you strategies on how to make money I suppose because you can get that from a
lot of places. What I’ve noticed over the years was that even though people learned
how to make money, they weren’t making the right type of money. But the other things
that I was finding out is even when I teach on how to make money, they would seem to stuff
it up somehow and they’ll self sabotage and they’ll have problems with getting ahead
and doing it.
So to give you a bit of a background, I used to be a financial planner. I’ve literally
sat across the table from hundreds—if not thousands—of people and looked at their
financial planning situations and basically looked at how they dealt with money and what
they did with money and so on. And one of the key things that I’ve noticed was that
the problems that people were having were very, very similar.
West: Patterns.
Andrew: Patterns and a whole lot of things again and again and again. That’s exactly
right. And what I was able to do was to identify these patterns and be able to break them down
into things, the mistakes that people were making. And also, I was able to identify what’s
going on when people were actually getting ahead. And we noticed and we broke it down
into a number of different things. One of the key things that I will talk about in a
moment is really being able to deal with the mental side of making money and the money
game, I suppose.
West: A lot of these people have how-tos, right? They have how to actually do make money
but there’s a missing ingredient.
Andrew: That’s right. That’s exactly right.
Let’s take you to the next step and we’ll start to talk about some of the key strategies
from there. So go to the next video and we’ll take you through step by step on what needs
to happen to make money�