Most people dream about having Income for Life but few ever realize that getting to that level is an exact process. Let me explain.
We all want and need three different types of income:
1. Income Today. We need a method that produces income right now (not next week, next month or next year… today) so we can Survive day to day. We”ve got to have the peace of mind of knowing that we”ve got our personal survival needs like eating and paying bills covered. And if we want business wealth we need to have an income today source big enough to provide for our future business survival too because when you”re launching a new business model the key is to fund the business as much as possible out of cash flow of that business. Thats Income Today.
2. Income Tomorrow. Once we have our survival needs covered with enough Income Today money, we need an Income Tomorrow type income source to provide us with Security and Stability. This is where you start to breathe again and get your first taste of real money and maybe for the first time YOU”LL be firmly in control of your life. Here you discover total peace of mind and the confidence of knowing that you aren”t worrying about where your next meal is coming from or how you will be able to cover unexpected expenses.
3. Income For Life. This is the final, ultimate level where you get true lifelong wealth and prosperity. Here you discover how to turn any business into an asset that provides wealth you can leave to your children. This type of income also makes you money no matter what you are personally doing with your time (even if you”re on lifetime retirement/vacation, lounging around in a hammock and sipping exotic drinks from a coconut). Everyone dreams about reaching this level, but few ever do because either they get seduced by the second type of income (see, Income Tomorrow can make you rich but not truly free, wealthy and prosperous… there are many successful people who make great money but are still slaves to their business and lifestyle because if they stop running on that gerbil wheel, their income stops instantly too)… or else they never figure out how to get past the survival part of the process.
Pretty basic, right? But heres where I think a lot of people get lost in the process:
Each of the 3 phases in the process must come from the previous one. You can”t create Income for Life without first creating an Income Today and then transforming that into an Income Tomorrow and finally Income for Life. Each type of income is literally the stepping stone that takes you to the next one and next one. Make sense?
A lot of the educational programs that I”ve purchased myself and a lot of the ones that are still being currently sold today, seems like only focuses on one end of the spectrum or the other. Either they teaching you how to make money today or show you the dream of creating a residual income.
But they don”t show you exactly how to bridge the gap in between.
Regardless if its making money in real estate, or the Internet, or in Network Marketing, or flipping discounted mortgages, or eBay, or placing small classified ads, or water filters, or niche marketing for information products, or vitamins, or a house cleaning/blind cleaning system, or making money selling used cars… you name it… whatever it is that the money making system is geared around in the system, they”re usually talking about one end of the spectrum or the other.
If I had to guess, its probably a fairly safe assumption that this is not the beginning of your search for financial freedom. Maybe you”ve spent tens of thousands of dollars and years of your life, just like I did, trying everything you could find with little or nothing to show for it either. See, heres the cold, harsh reality I woke up to that turned things around for me: All the money making deals I tried had one fatal flaw which means that no matter how good they are otherwise, they set you up to lose.
The Fatal Flaw In Every Money Making Plan I”ve Ever Seen (Even The Legit Ones) — Yet So Cleverly Hidden You”d Never Know The Real Reason Its Not Working For You:
First, before you”ll understand this fatal flaw, I need to let you in on the truth about getting rich. Ready? The truth simply is: Making money is just a skill.
And, just like any skill (like walking, talking or reading) that you have mastered, even though you do it automatically –now– without giving it the slightest conscious thought, it was not always that way. There is a very specific process you go through in mastering any skill. A process is a series of actions, each one depending on the action before it to combine together to produce a specific result.
Take walking.
Today, it???s probably as natural and automatic to you as breathing, right? Yet, as a baby, you learned to walk through a very specific process. Everyone who now walks went through almost the exact same process. It starts with the process of first learning to crawl, right?
Check out any baby and you”ll see it starts with a kind of rocking motion as she pushes her chest and head up… followed quickly by discovering she can pull her knees under her. Then she starts kind of bouncing and pushing. Then the little light bulb goes off in her head when some of that bouncing, rockets her forward. Suddenly she figures out how to coordinate her bounces and her crawl is born.
Now that she???s mastered crawling, she???s ready to graduate to the next level: the process of learning to walk is within her reach. And, just like crawling, there is specific process she will go through to go from crawling to walking (first pulling herself up using anything handy, then the squat stand without any help, then the first wobbly step and the plunk down, etc.). Now the fun begins (and you”d better buy yourself a new pair of track shoes to keep up with her as she???s off and running EVERYWHERE)!
Crawl… Walk… Run… is always the process of mastering anything (and each major piece of the process can always be broken down into smaller pieces). Each step in the process leads to the next step. You cannot skip crawling and go straight to walking or running. The crawling process comes FIRST (all success starts there).
In fact, the ONLY reason you are not flooded with all the money you can handle right this very second is because you haven”t yet mastered the skill, the crawl/walk/run process of how. And, more than likely, you”ve been tricked by the smoke and mirrors of trying to walk or run without first being taught the process of how to crawl. Really.
So, in the Income For Life section of CoachingToProfits, I”m going to share with you my simple business development process that you can adapt and apply to ANY business or industry you say, want or choose that takes you in a methodical fashion from wherever you are right now to reach your ultimate goal of Income For Life in that business.
As we talked about there are three main phases of the Income For Life philosophy: Income Today, Income Tomorrow, and Income For Life — think of them as crawling, walking and running.
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