How Do You Understand the Game of Business & Money?
There are many people who are sailing aimlessly through the vast ocean of money and bills and they have no clear understanding of how money works. But, there is a trick to the game and a “mastery” to be obtained.
Today, I want you to consider some key and important elements within the context of how you understand the money game. The Key is to learn how to play and play to win.
Are you ready to learn the game and the art of winning?
So you may say, Understand the Game of Money? . . . what does that mean?
Simply put,
How do you understand the game of money if we were to characterize money as a game that you can play? Well, playing the game and playing to win, is what you are doing by participating in the My Well of Wealth 30-Day Challenge.
Getting money, giving money, spending money, multiplying money and creating money – it’s a revolving door. The Supply flows in and flows out.
But the REAL GAME is to keep money. That is what this My Well of Wealth 30-Day Challenge will teach you. Yes, how to keep and grow wealth.
So let’s go and play the game!!!
No, I am not talking about the Game of Roulette, where you place a bet and spin the wheel to multiply money.
Is that your way of creating money? I hope not!
That’s a crap shoot and it is based on losing percentages.
You have Absolutely No Power and No Control over “creating money” that way.
And this is not what the My Well of Wealth 30-Day Challenge is all about.
So let’s start. Ready, set, go . . .
I think we all know that relying on the J.O.B is not enough to survive. You are surviving and not thriving. And, who wants that?
In today’s economy with threats of unemployment hitting almost every single industry, how can anyone rely on 1 Source of Income? Even, if you work for a well-established company that would give you a “package” with the next safety-net being unemployment insurance – realize that – this is NOT SECURITY and certainly NOT playing the GAME.
So here is what there is to get,
Having One JOB is not playing the game.
If we characterize this as a game that people play, how do you go about understanding it?
So here’s what I want you to consider,
Having one source of money or income does not create security for you.
In today’s unstable economy with threats of lay-offs, companies closing down or taking government hand-outs, rising inflation and gas prices and depending on 1 source of income – is not playing the game.
Yet so many people live their lives with relying on only one source of income and they don’t even look for another source.
Finding more Sources of Income – Now, that is playing the Game
I am sure, we have been there . . . putting all our energy, time and focus into developing this one source of income.
And then we wonder . . . when we lose our jobs . . . or when something goes wrong at work, or when we get injured and cannot work . . .
What is the recourse?
Is the answer to collect unemployment or worker’s compensation? Nope. And, then we wonder why we are at the mercy of our circumstances. Guess what,
You Are Not in the Game.
So, I challenge you to consider that you’re really at the mercy of your circumstances, if you are playing the game like that.
This is Not in the Game – Remember, You gotta be In the Game to Play the Game
The goal or the key to winning the game of money begins when you first identify that you need more than one source of income.
You probably have not taken the time and energy to establish a second, a third and an additional fourth or fifth source of income. You’ve established only one source of income.
I am sorry but that is putting all the eggs in one basket.
So you must have,
More than one source of income . . . AND,
The goal or the key to winning the Game of Money begins by you identifying that you need more than one source of income
You must have multiple sources of income . . . Diversification. Isn’t that what we call it in the stock market when you’re going to invest? Spreading the risk? Well, in this case – we call it the Diversification of income. Spreading the risk - if you lose your job then you will have other sources of income.
Having more than one source of income positions you to play the game of money well. And these sources of income are all at the same time.
I know, you may say . . . there are only so many hours in a day, so I can only work so many jobs. Working something actively is what we call Active Income.
And,
If, there are a limited number of hours in a day . . . consequently . . . there would be a limited amount of money you could earn a day. That is not understanding the game.
Multiplying money is the key to Understanding the Game of Money, and we can only multiply the money if we UNDERSTAND . . . that we need to Play the Game.
Increase the Money Supply by Increasing Passive Income
Identifying or creating and developing for yourself a powerful tool that will give you passive income generation. Passive income is earned without you working. Yes, indeed – you set up a plan once – and bingo – your money comes in freely, without you even having to work for it.
Powerful, yes indeed.
Simply put,
Find a way to be able to establish a plan that will make money while you sleep. By building more sources of passive income versus active income . . . you establish greater financial security for yourself.
Now, we all know what active income is. Active income is that income that comes to you by your direct action in the moment. You’re acting. You’re working right now and income is coming to you, but when you stop working, the income stops.
That is the problem.
I am not diminishing the value of active income. Everybody who wants to win the game of money needs to acquire active income. You got to have a way, a means to bring money into the door right now. Yes, keep the job for now but you will see how with enough passive income generation, you will not need to keep it!!!!
Do you get it?
Now that is Understanding and Playing the Game
By being a Participant and completing this My Well of Wealth 30-Day Challenge you will be Playing the Game.
Yes, I know that passive income generation will take time to develop and to put in place. But creating a system of income generation will . . . pay you money over and over and over again . . . even when . . . you are not working. Time . . . don’t you have it? Take . . . the Time . . . cause it is worth it!
Then you can quit the JOB and be a REAL PLAYER in the GAME
Being able to Quit the Job because you Created Enough Passive Income .. . Now You Are a BIG Player in the GAME
Yes I know,
Creating a system of passive income generation will not suffice . . . at the moment . . . because you have bills that need to be paid today, tomorrow, next week and next month.
We understand that.
Creating a system of passive income generation will require:
- some work,
- some maintenance,
- some teaching,
- some training,
- and some coaching
But in the long run it will yield powerful and rich dividends.
Having three or four different kinds of income sources does you no good if they are all active income.
I want you to . . . find . . . sources of income that . . . number one suite your personality, number two suite your belief system, . . . number three fit your skill level or desired skill level.
Having an interest in something incites passion and will foster opportunities for future income sources.
So,
As you discover and find . . . new sources of income, it’s clear that you need not just passive income, but active income, and not just active income but passive income.
This is a Principle known as Multiple Streams of Income
Creating many sources of . . . PASSIVE INCOME . . . is the Key to PLAYING THE GAME OF MONEY.
This Financially . . . impacting . . . Your world . . . and . . . Giving it a Financial boost.
So for today,
I would like you to Participate in the My Well of Wealth 30-Day Challenge , by
STEP 1. Income Identification
- Identify all household income that you currently have.
- Note, how many sources there are
STEP 2. Distinguish Active versus Passive
- Identify all household active income sources that are passive income and all household income sources that are active.
STEP 3. Create New Sources of Income
- Identify other areas of interest in your life that can bring about new sources of income
RESOURCES
