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Once upon a time cash was king, and then on one hot day in August 1971
cash was dethroned by "cash flow." A new regime was in power. Here's
what I mean... There was a time when working for money, saving,
retiring, and living off the interest of your savings account was possible.
But today, money is no longer money. Working harder for paper money
without converting it into economic assets is like diving without an
oxygen tank -- you might be fine for a while, but eventually you're going to
run out of air. In this new economy, it's important to understand
that, worldwide, governments reward producers who create economy
and punish consumers who participate in it. It may not
seem fair... I know, but without producers there could be no consumers... and
economy would cease to exist. Then where would we be?
Currencies... they come and go. They collapse... and they are replaced --
it's happened in this country twice, and many more times throughout
history. What doesn't collapse, however... is the economy behind the
currency. If you learn to invest in assets that produce cash flow regardless
of the current currency, you ENSURE your livelihood in good AND bad
economies. There are countless assets that are ESSENTIAL
to the economy. Find the ones you like and invest in them.
How do you identify the essential assets? Simple. Look at what people spend their money
on. I told you it was simple. Here are a few of the more expenses ones...
food, clothing, communication, fuel, transportation, education,
and my personal favorite... shelter. In other words, real estate.
If you want to be financially free, you must also understand the mindset of
the different economic classes. Distinguishing where people put their focus
will help you decide where you want to put yours.
Generally speaking... there are always exceptions, but generally...
• Poor people focus only on expenses; living paycheck to paycheck --
EVEN if those paychecks are sizable. They must always work for
money. • The middle class focuses on liabilities,
buying more and sinking deeper into debt. If they invest, they usually
do so with a financial planner in... ahem... a diversified portfolio
of stocks, bonds, and mutual funds. If they want to keep afloat,
they too must continue to work for money.
• The rich, however... focus on acquiring assets and let their assets
pay for their liabilities and expenses. Assets continue to produce
income whether they work or not. They work because they want to.
That's a very different life than working because you HAVE to... and it
produces a very different result, as well.
Again... those were generalizations... there are always exceptions... but I'm
not concerned with the exceptions, and neither be should you.
The raw beaten truth is, if you do not put your money to work for you... for
the rest of your life you will probably be working hard for it.
If you make the decision to invest in your financial education, know that it
might be painful at first. The learning curve is steep and in the beginning it's
a lot of work without much reward, but don't underestimate the power of
compounding education. Knowledge and experience compound in the
same fashion money does. Applying your education in real life unleashes
the epic power of what you've learned. In time you'll soar, and little effort
returns a great yield. You've just got to stick it out for a short time and as
I've said many times: start small; learn big. When you find your talents... develop your
skills and apply them both generously. By doing so... you will significantly
mitigate your risk... and the reward you'll reap will be astonishing. A
year from now... you will wish you started today.
My life... almost immediately turned around and I started creating real
wealth when I shifted my focus from "making piles of money" to "making
streams of money." That's where it began for me, and that's where it can
begin for you. If you're at a loss of how to get started, perhaps the Epic Pro
Academy will make sense for you, or not. Only you can answer that question. Go to EpicProAcademy.com,
get the facts... and make a decision. See you next week.