The 4th Road to Becoming Wealthy

Welcome to Lesson 1!

Do you know that there are only 4 basic ways to becoming rich? Some people already know them but are really lost on which way will be the quickest for their own situation. While others are taking their time being undecided, there are also others who remain oblivious. As a result, time is just passing by and before they know it they’ve already gone old, sickly and not having enough money to even buy their own medicines and proper food.

Why Finish This Course in 6 Days?

Are you already earning $66,357.41 per year in your current job? I bet it took you around 4 to 5 years of study to gain a Degree. So in effect, you dedicated 4 to 5 years of your life just to learn how to make $66,357.41 per year right? On that note, I find it funny because in this course you will only need 6 days of study to learn how you can earn the same $66,357.41 in your first year! And then it’s up to you, if you want to increase it many folds  in the following years to come.

3 Reasons Why You Would Want to be Rich

Maybe you haven’t thought about it but these are the main reasons why you’d want to be rich, definitely:

1. Because you want to ensure that you and your family will still be able to afford and live comfortably, even beyond you retirement years.
2. Because you want to ensure that when you are already old and sickly, you can still afford proper food, medicines and most especially a medical surgery when you’ll need one.
3. Because you want to ensure that you will be capable of helping your family, relatives, people or organizations financially; when your heart desires to.

7 Reasons Why You Would Want to be Rich Quickly

Now that you know why you need to be rich, you also have to realize that you need to be rich really quickly because of the following reasons:

1. Life is only short, you wouldn’t want to waste 40 years of your life working on jobs that will not make you rich, especially if you don’t like the jobs.
2. If a job is only your main income, you cannot afford to be really sick or have a bad accident. If you can’t work anymore, how will you and your family survive without a salary? That’s why it’s silly to bet everything on a single income such as a job isn’t it?
3. You have better things to do, than spend your time on a job that you will never own; you can only keep jobs until you are 60 years old.
4. It is your boss who decides how much money you can have and when you can have a holiday, not you.
5. You are actually spending more time to being with your work colleagues, than your own family.
6. The necessity of having a salary controls your life, not you having control on how much you can earn.
7. How many more years left before you reach the retiring age of 60 years old? Where will the money come from if you no longer have a job? Can you save enough money in time from now? It’s scary but it’s true: your time is running out!

The 4 Roads to Becoming Rich

This lesson hopes to make you think and see ahead the prospects of your financial future, and in doing so may allow you to act accordingly just in time to focus only on one road that would really give you the best chance in becoming wealthy quickly, and with certainty.

So here they are, the 4 roads you can thread to become wealthy:

1. Inherit it

In this path you become rich when you are entitled to inherit a great fortune from your parents or relatives.

2. Marry it

No big inheritance coming your way? So maybe you can just marry someone who is already super rich.

3. Win it

Do you believe in luck? You think you are a very lucky person? Like wining the lotto grand prize? This could be the path for you to become really rich. But is luck really reliable for you?

4. Work for it

Are you highly educated and highly skilled? Then you can work hard to landing a high-paying job, or run your own business. In this path, you have a lot going in gaining more control about your financial future.

Finding Your Own Quickest and Reliable Path to Wealth

When do you intend to be really wealthy? If you say, by age 30 or 40, why do you think you can’t be wealthy sooner? The thing is if you wait until 30 or 40 and your plans did not work out, you will be left with very little years to still try. So it’s very wise indeed to immediately figure-out the quickest way to be really wealthy from your current situation.

From the above section we have identified the 4 ways you can attain good wealth. Now it’s time to explore them and choose which way will be the most realistic and most achievable for you. It’s very simple, really.

Are you expecting to receive a very good inheritance anytime soon, like within 1 to 3 years from now? If none, the “inheriting it” way is not the quickest and reliable route for you.

Do you think you will be able to marry a very wealthy person soon? If not, then the “marry it” way is not the quickest and reliable route for you.

Are you a very lucky person? Always winning at everything? And really think would win the lottery jackpot soon? Well, I don’t think so. Did you know that for most people they are most likely to get struck by lightning twice than winning the lottery jackpot? Since winning the lottery is very uncertain, you cannot afford to wait all your life on this.

Are you into investment as in shares, property and productions? If money is your problem in the first place, then this is not also an option for you because you’ll need upfront substantial money to start with. Also, this scheme can be very slow with progress.

Therefore it is most likely you are left with “working for it” way to be really wealthy. If you are a young person you have 2 options to go from here. Either you strive to get a high-paying job, or run your own business. Now, the question is which of these options will be most likely your quickest way to be really wealthy. Let’s find-out by comparing situations between the two..

Having a High-paying Job.. True or False?

If you choose this path, you can expect these situations as you thread along:

• The higher your job position, the higher your salary.
• Higher job position requires good educational background, solid work experience and proven skills. You will most likely need to regularly invest time and money on numerous courses/training.
• Getting promoted to a higher job position is observed to only be achievable in at least 3 years in service with a demonstrated “above and beyond like” performance in the same company.
• High-paying job positions, for most employees, can be achieved in at least 3 job promotions –provided that the higher job position is available each time. Therefore you are looking at least 9 years of work service, before you can get to your ultimate job position.
• High job position will most likely mean greater responsibilities, greater accountability, longer work hours and higher work stress levels.
• At high-paying job your salary stays the same even when your efforts are consistently increasing and producing higher than 100% yield.
• Working as an employee, you will most likely not be able to retire until the age of 60.
• Your job position is something you have really worked hard for –and invested substantial amount of time and money. Unfortunately for your hard work, years of time and money; your job position is not really something you can pass on as an inheritance to your children.
• When you retire your salary stops and you’d surely hope that you have saved enough money to live on it for the rest of your life, otherwise you will surely be forced to invest what you have left to start a business. By this time, it’s an “all or nothing situation” for you because you are already of old age who knows nothing about running a business. This is because all your working life you’ve made yourself as an expert on being an employee –not as a business man. Therefore you’d be most likely become more broke and worst off than when you started, because of not having enough business skills and experience.

Running Your Own Business.. True or False?

If you choose this path, you can expect these situations as you thread along:

• The more sales you make, the more your income.
• Running a business requires good business management skills, solid product or service knowledge and effective marketing skills. You may only need to invest on few courses/training once in a while.
• If you already have the sufficient capital, starting up a business could be done in a year including a good Business Plan. Especially if the business is turnkey, like franchising.
• Return of Investment (ROI), for most small businesses, can happen in as early as 2 years of operation. The business can be regarded as stable if it exceeds 3 years, and the growth of sales and opportunities is at least consistent, if not yet exponential.
• For most models, the more the business becomes successful the lesser it becomes for you as the business owner to do work.
• In owning a stable business your efforts are usually rewarded accordingly. The more you work will mean the more you profit.
• Owning a successful business allows you to retire anytime at your own convenience.
• Your business will be something you have really worked hard for and invested substantial amount of time and money. Fortunately your hard work, years of time and money–are all worthwhile because a business is something you can pass on as an inheritance to your children.
• When you decide not to work anymore, your successful business can still continue providing you good income even beyond your years of working life. When that time comes you will surely feel thankful that you have started your own business the first time you had the chance because success in business requires good experience and ample time for learning good business skills.

Getting a Job is for Losers!

While researching for the comparison above, I stumbled upon this video below.

Best Seller author of “Rich Dad, Poor Dad”, Mr. Robert Kiyosaki, also has his expert advice on the matter:

 

Top 5 Reasons Why You Should Escape the Rat Race ASAP

As we gather from the comparison above, it is not advantageous to spend most of your working life on being an employee because your progress to getting financial freedom and time freedom can be really terribly slower. The major reasons why are:

1. You are not in control of your own income because no matter how much you increase your effort to get better results, you will still get paid the same amount of salary at the end of the day. Unlike if you own a business you can increase your effort to reach more customers, thereby getting more sales and income. So if you are not in control of your own income, how then can you really expect to have control of your own life?
2. Your wealth is heavily dependent on the amount of your salary. The problem here is, your salary depends on the job position you have, and it is not a quick process to get promoted to a higher position. This is because job promotions depend on the availability of the higher position, and how your boss is impressed by your performance. So it is very likely that you will have to put-up with a “wage-freeze” for many hard years.
3. The higher your job position the higher it requires for you to work longer hours and often longer work days. This scenario is only enjoyable if you prefer to spend more time with your work rather than with your family, friends or for your own self.
4. Retiring years can become really scary times since there will be no more salary to rely on. It becomes scarier to think that the more you get older the more you become unemployable and more susceptible to illness or diseases. A very daunting life indeed when it’s “the” time you will really need money the most.
5. A job is not something you will own; you have to give it up as early as 60 years old. Since it is not something you will own, you cannot give it to your children as an inheritance. Just imagine the regrets you will feel when only then you’ve just realized how much of a fool you are after spending all your 40 years of working life building something that you will not own in the end. Imagine, when there’s nothing much to show as a useful legacy at the end of the job adventure. The impressive sounding job title you have finally gained is unfortunately not something your children can inherit, nor the fat salary that goes along with it. Your job that you’ve decided to make as your main source of income for 40 years is now gone at age 60 years old; so what’s going to be your source of income by then? A business? What makes you think you are going to have a successful business immediately at that time when all you know for 40 years is work in a job, and not work on your own business? It’s a delusion. Do you understand now?

What’s Your Prospect for a Job Promotion?

For all those years you have been employed so far, how many times were you able to get a job promotion or able to get a better paying job? What about 3 to 5 years from now, how do you see yourself getting the next job promotion or getting a new job which pays better?

Did you know that going for a higher position usually require the following attributes?

• Minimum 3 to 5 years of related work experience
• Higher qualification such as greater education, i.e. College Degree
• Higher set skills such as leadership, management, problem solving and technical presentation
• Performance commendation from your current boss

Not Confident?
If you don’t feel confident with getting promotions consistently, I’m sure you would not feel confident as well with the prospect of substantially improving your salary for the next years to come. It could be “panic mode” for you right now especially if retirement age is already just around the corner!

Calculating Your Savings until Retirement

You have been working for some years now but how much have you actually saved in the bank so far? Having a real job, surely you can figure out how much you can save per year. Now look ahead and see how many more years to go before you have reached the retirement age of 60. Multiply those years with the amount that you can save per year and add what you have already saved; this is an estimate of the total amount of savings in your working lifetime. Now is this total amount, including any anticipated income from investments, will be sufficient enough for you to live off for the rest of your jobless life?

Do you see it now?
I’m sure by now you can also see why most people, who spent 40 years of their life working in a job, are still not millionaires when they retire. Some even end up living really poor. So why would you still go this path?

Calculate to Know Where Best to Give Your Time

I like the way how chess often imitates life. For example, notice how stronger chess players are always better at finding the quickest path of moves to checkmate? It’s the same with people who are better than others when it comes to finding the quickest path to getting wealthy. So if you want to win the game and be wealthy at the earliest possible time, you must also get out of your way to calculate what’s ahead of you, so that you can act accordingly just in time. Because what you really don’t want is to be “in the know” when it’s already too late for you. As they say, we only have one shot at life, when you become too old for anything you cannot turn back the hands of time to try again.

To emphasize on the value of “getting out of your way to calculate,” let’s have a look at the following typical situations:

There is Ben, an intelligent and well educated professional who works as a manager in a big company. He likes his job but can only hope to spend more time with his family. His responsibilities as a manager often require him staying late at work, and showing up on some weekends too. He’s earning a fat salary of $1,750.00 weekly but feels the company is still not paying him for what he really is worth. That’s because he’s been working with the company for many years now and has successfully engineered and implemented improvement projects which increased the company’s production efficiency by 20% and also added 10% cost savings yearly. He estimated that his projects alone would have at least added $6,000.00 weekly value to the company. He thinks the next logical step for him is to get to a higher position, either from a job promotion or getting hired from another company. But even then he doesn’t think that the pay rise will even be closer to 50% increase, or even decreased his work load so that he doesn’t have to often work late or sometimes show up at work on weekends too.

And then there is Holly, a very smart woman who owns a small business. Her business allows her to work at home where she enjoys the company of her family. She gets $17.50 profit per product sale that makes up her $1,750.00 weekly income like Ben. And since businesses gets more tax exemptions, Holly ends up taking home more money than Ben. Also, Holly feels that she can make more if she decides to reach more customers. That’s because she stops working for the rest of the week every time she’s already made 100 product sales. Often times she’s able to make 100 product sales in just 3 days. So she estimated that if she works the normal 5 days she could at least double her income weekly. But as a smart person as she is, she figured out that it’s better instead to use those extra days for a few months to do market research and outsourcing so she could exponentially reach more customers which will consequently increase her sales–and at the same time lessen her work load even further to just 2 days. Her strategy is to create more free time so she can use it to make more money, perhaps on another additional business opportunity.

Spend greater time on your own business!
You should have realized by now that to establish financial and time freedom for yourself, you need to spend greater time working for your own business rather than your employer’s business.

Someone is Stealing Your Time

Are you one of those employees who unwittingly do overtime work a few days a week–even on some weekends? If yes, then you don’t see far ahead. You only see the immediate pay but don’t see what the real value in your own wealth is being lost. Why get out of your way to build something that you will never own? You can only escape the rat race when your own business becomes established.  So those extra times you have are best spent on building your own business, rather than someone else’s business. Remember, life is really short and you’d rather live your dreams as early as you can. Therefore you really don’t have time to waste on short-term rewards. It’s wiser to work on something you will own!

Why You are Having Money Problems?

Is money your problem this year? Well guess what, it will still be your same problem next year, and the following years too. Why? It’s because you have been implementing the same strategy again and again. Do you really think applying the same strategy each time will produce different results? No, I hope you are not that crazy.  Same strategy of course will always produce the same result. So if your strategy of generating income through working in a job is not working out for you financially, why then would you still stick with it? How many years has it been that you’ve been working in a job, and what have you really gotten from it so far to show for? And how often have you seen your salary increased, really? Certainly it didn’t get you any closer to being a millionaire now or even when you reach retirement. So don’t you think it’s about time for you to change your strategy now?

Make the Transition Now!

You may already know by now that the change of strategy will involve you transitioning to owning and operating a full-time business. But since you are currently incapable of instantly quitting your day job, it is therefore logical to start your own business on a part-time basis.

Swim Now or You Will Sink Soon

You don’t want to do business? But what will you do when you reach 60 years old; retiring age, no longer the efficient money-making-machine as you used to? When your company says it’s time for you to retire? And when you are no longer employable because of old age? Don’t forget that there will be no more salary coming in, so soon your savings will be running out quickly and eventually will not be enough to cover your living expenses; or even worst, maybe your medical bills too.

By then I’m sure you will be doing something inevitable–and that is to use your remaining money, out of desperation, to do business. But it may be too late by then; no time for trial and error. How can you succeed when all your 40 years of working life you have only specialized yourself on doing a job, and not on running a business?

Now you see that you don’t have a choice but to change your strategy as early as right now!

Also, you should never depend on a single income. You should invest time and money to create a dependable second source to anchor your way out of the rat race. Realize that escaping the rat race will allow you to have more available time to create even more sources of income.

The Worst Future You’d Want to Avoid at all Cost…

Time is clicking.. even right now, and before you know it, years had past and you are already old without a job. I mean, how old are you now? Look back at 20 years ago. It seems like it was just like yesterday. See how quick time has passed by without you noticing? Same will happen 20 years from now, it will be as quick too! So what are you doing right now that is very important and crucial to make you avoid the worst future that anyone could ever have?

That worst future you don’t want coming your way is that you are already old, weak, sickly and so poor that you can’t even afford to buy your own medicines and proper food.

So don’t waste your time; take control of your own income; you should immediately transition yourself to owning and operating a reliable business that will provide you and your family substantial money even beyond your retirement years.

How to Start Your Transition?

As much as you would want to achieve wealth in the quickest manner, you are still tied down with your current job and left only with little time to spend on building your own business. Therefore it is very important, first hand, to know which business attributes are favorable according to your current situation. Just like in chess, you first assess your current position so you can identify the key squares to put your pieces for maximum winning chances.

Ready for the Next Lessons?

Hence in the next coming lessons, I will try to cover the following topics:

• 10 Things to Seek in Choosing Your Own Business Today
• Step by Step Guide to Building Your Own Business
• How My Own Story Might Help You Solve Your Own Business Start-up and Growth
• How I Created an Automation System that Allowed Me to Start My Business on a Part-time Basis
• How You Can Join Me in My Own Automated Business

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