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The Bad Economy
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If you’re like me you’re hearing everyone freak out about money and the economy right? People are running scared for their old way of life. Well I’m going to share with you some thoughts on why, what and how you can learn and profit from what’s going on right now.
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This will probably be a 2 or 3 part series. It’s that important that it’s clear.
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After this post you should have some clarity on why you’re struggling and where you can start so that you’re no longer a financial victim. I’m always working on your mind and your thoughts which is where it starts, but I’ve had a few people email me with the how do they get past their financial struggle.
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Why Lots Of People Are Hosed
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You see lots of people are realizing that the old school linear income isn’t the way to keep up with their cost of living. Oh, What’s linear mean? That means when that person stops working they stop getting paid. Yup, that blows I know but that’s what a 9 to 5 is. You’re trading your time for money.
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Welcome to why people are freaked out. When that one income stream goes away, (i.e. downsized, laid off or let go) that person freaks out. Ever heard of a person say, “I need a stable income, being an entrepreneur isn’t for me because I need to know how much is coming in every week.”
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Well hundreds of thousands of people are realizing every day that a job isn’t very stable income. To me knowing exactly how much is coming in every week and that’s all that will come in kinda freaks ME out.
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Am I saying no one should have a job? Absolutely not. You and I still need people to wash our cars, serve us our food at restaurants, teach our kids in school and stock our needs at the grocery store.
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What I am saying though is that isn’t a reason you shouldn’t be preparing and doing what wealthy people did to start out creating wealth.
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Is the answer a part time job or more hours at your current one? Hardly. More hours of work equals lesser quality of life. Not to mention…
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By the time you pay for gas, travel time back and forth, pay for child care if you have any kids, and pay taxes on the money you earn….was it really worth it? How far ahead did you really get? Chances are you got more exhausted and even more frustrated.
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Part time job=band aid on a shot gun wound. It’s just simply a waste of time if you’re objective is to get ahead and create wealth.
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The Beginning Of Execuses
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Now at this point you may be thinking, “Tony I know what you’re saying is true, but I don’t have a college education or formal technical training for a better job that pays more money nor do I have the time or money to go back to school so I can get a better paying job.”
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Listen, neither do I. I graduated high school with a C+ average. I’m no brain myself. But what I did learn was that I can say “I am smart or I is a millionaire.” I’m quite ok with the 2nd one, bad grammar and all.
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Don’t get me wrong, again as a society we do require college, education and people to be affluent in skills that better the quality of our everyday lives. I’m just saying it doesn’t have to be you that does it. Entrepreneurs, people who value freedom and creativity do just the same thing just in a different way.
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Last year there were over 220 Billionaires in the united states and 22 of them only had a high school education. Two of them never even graduated high school. I know those numbers in the big picture are microscopic but they are real.
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There is one word that business owners, billionaires and millionaires all have in common.
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“Leverage” Is The Way to Wealth
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I don’t care how you get it but if you get one thing out of this post it’s that leverage is your way out of financial struggle. You’re probably thinking, “umm, sure Tony but what is it and how do I find some? Isn’t that going to be expensive?”
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Remember what I’ve said before, it’s not about if you think you have the actual resources, it’s about your resourcefulness. Since you already know you want to create wealth and get ahead of your financial situation, you already have the hard part out of the way.
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So what is leverage? It means that you’re using other peoples time, money & resources to reach a desired goal. In this case it’s an income.
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You’re probably wondering how and why you would want to use other peoples time money and resources and why they would even let you right? We’ll get to that in a bit.
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Remember a reason why to create leverage and more wealth is more powerful than how. Look at your kids right now and know that you want to do it so they have a better quality of life. No kids? Look at your spouse, realize you want to do it so you two can enjoy the quality of life you’ve always pictured.
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At this point you know that the way to get ahead is not to get a 2nd or 3rd job, you’re expenses are rising much faster than your income is and you know you are better off with this thing called leverage, but I’ve not told you where or how to get it.
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Tomorrow I’m going to share with you some specific examples of leverage that you can choose from to start creating wealth immediately. You won’t need any special knowledge or education.
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I know because I’ve found leverage and am using it every day and remember I only have a high school education. And I have tons of friends who have done it as well. We’re talking starting out not only with nothing but some of them were $20,000 in debt and now are earning serious 6 and 7 figure incomes.
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Many of them are in different industries too and certainly they are no different than you. They just had a desire and dream of a better quality of life
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Till tomorrow for Part 2. Let me know your thoughts in the mean time.
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