A Money Making Machine is an Asset Class that produces Passive income or cash
flow, a lifetime income stream that will never run dry if maintained properly. It
will provide a lifetime of financial freedom for you and your family and it will run
around the clock every day, 7days a week, 365 days a year.
There are 3 Asset Classes that we can use as a Money Making Machine. We
should design the building of our own personal Money Making Machine by
integrating every aspect of our life, values, interest, skills, habits and abilities.
Here are the 3 Asset Classes.
1. Paper Assets class: Conventional buy and hold using low cost index funds
and proven asset allocation models. Vanguard Funds offers you everything
you need.
Private Money Lending- Either through Mortgage Brokers or Private Real Estate Entrepreneurs.
Angel Investing- Lending Money to Start Up Business
2. Real Estate Asset class: Direct ownership of positive cash flow real estate in
your local or other areas. It can be single family, multi-family, apartment
buildings, commercial buildings, mobile homes, parking lots etc.
3. Business Asset class: Entrepreneurs will typically build wealth through their
business, and park that wealth in paper assets or real estate.
95% of Middle-class individuals… their Primary “Money Making Machine” are
themselves. . If they stop working, the machine stops. The cash flow stops. Their
income stops. Basically their financial world comes to a grinding halt. To achieve
Financial Independence at any age you have to build a Money Making Machine to
take your place and set it up so that it makes money while you sleep.
You can absolutely become Financially Independent in your life without ever
having to make a fortune in annual income. Most North Americans make the
same mistake, thinking they need to earn a large sum of money to become
financially secure, stable or free. In reality, a small amount of money consistently
set aside will provide a greater ability to achieve financial freedom. Decide right
now that you will make your money work for you so you don’t have to.
Your machine can’t start working until you make the most important financial
decision of your life: What portion of your paycheck do you get to keep? How
much will you pay yourself off the top before you spend a single dollar on your
day-to- day living expenses? How much of your paycheck can you or will you leave
untouched, no matter what else is going on in your life?
Think about this number because the rest of your life will be determined by your
decision to keep a percentage of your income today so as to always have money
for yourself in the future. The goal here is to enable you to step off the 9-to- 5
conveyor belt and walk the path to financial freedom.
There are a few key elements to getting your Money-Making Machine up and
running.
1. Identify your own Personal WHY. Everyone have goals & dreams. It could be
having Financial Independence, or a Big and Beautiful House; pay for your
children’s University education; whatever it is that you dream about can be the
point to start. Without this vital step, you don’t have a reason to do what will be
required of you in the following steps. Knowing your WHY is more important than
knowing HOW.
2. Develop High Paying Skills. I truly believe that Skills is the Currency of the
future. Be passionate and intentional in developing your God given skills. It can be
on Sales, Investing, Real Estate Entrepreneurship, Building Businesses, Arts
whatever it is… pursue mastering your own High paying skills.
3. Have a Growth Mindset & Invest in learning. The more you can learn about
what you are trying to do, the faster you can achieve it. Some think that after you
get out of traditional school, you have paid the price for learning, but continuing
education is one of the reasons the most successful people contribute to their
success. Traditional School education can make you a comfortable income But
continuous and lifelong education and learning will make you a fortune.
4. Don’t try to reinvent the wheel. If others have been able to achieve success
using a method that works, you can, too. Read books and articles, listen to
Podcast, attend seminars, watch wealth building and financial independence
topics in YouTube. Immerse yourself with these encouraging and inspiring
resources and materials it will help you in this long journey towards Financial
Independence.
5. Make your plan and work it. If you fail to plan… you plan to fail. A huge
contributor to failure is due to not having a plan to follow. If you take a trip, you
put the information into a GPS, and it gives you step-by- step instructions on how
to get to where you want to go. A plan is the same as your GPS. If you follow the
plan, you will get there with very few deterrents, and if you do get deterred, the
GPS guidance will direct you back to where you need to be.
When you apply all of these steps and follow through, be persistent and never
ever take your eyes off the reason WHY you started building your Money-making
machine you will be successful.
Personally me and my wife use our combined Income and Buying and Selling of
real estate (Live & Flip strategy) and we put it towards our Money Making
Machine. We use both the Paper & Real Estate Asset Class as our own Personal
Money Making Machine. It provides a Lifetime of financial freedom for me and
my family and it runs around the clock every day, 7days a week, 365 days a year.
To me this is very Liberating and Empowering!
Building a Money Making Machine is not free. Like everything else, there is a cost.
The awesome thing is you don’t have to purchase it; you can make it. Nothing
worth having is instantaneous, and it requires a lot of time, energy and effort on
your part. The good news is if you are willing to put in the effort, the rewards are
tremendous. When your Money Making machine is running full speed ahead, you
can trade less of your time for money, freeing you to spend your days doing
things you truly care about.
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