Where Should We Get Our Money?
This very much reminded me about the time I first learnt Robert Kiyosaki's Cash Flow Quadrant. But Bob's take on it really added another dimension to this whole concept for me.
To re-cap, from Robert's teachings, I understood there were 4 ways an individual can earn income (legally, without winning the lottery or marrying into it). They are namely employment, self employment, business, and investment.
Now to be able to retire rich without having to trade time for it, one must have his/her income, come from either a business or investment. From this we can see that it would probably be best to start out with a business first, as investment usually requires some amount of financial backing to start. You can see this in the fact that 74% of those who were regarded as wealth, created it through a business of their own.
Bob's
version, has 3 strategies an individual
earns income. These include employment,
investment, and lastly multiple streams
of income.
No guesses , where Bob has created his
wealth. It is through multiple streams of
income. He told us during his talk that
he had so many different sources of
income, he has had to get somebody, whose
job it is, to keep track of all the
sources of income.
Now, not all these streams are of the
same size. Some are smaller and others
bigger. The point is to have lots of it,
such that even if you just had small
streams of income, the accumulation of
which, would create you tremendous
wealth.
With Bob's addition, I have been able to
appreciate the concept of income
generation to a new level. I have known
that business was the way to go. But now
my awareness has grown. To accept that we
shouldn't just stop at one business. We
should aim for several.
I already have a business of my own. But
what I like best about The SGR Program is
that it allows me to generate a new
stream if income. One that doesn't take
too much time. Which allows me to explore
other opportunities to develop other
streams of income.
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Why Focus On Money First?
Money on its own is neither good nor bad. It is a means to an end. However, there is an urgent need for teaching the laws of creating money to the world.
Take any group of 100 people at the start of their working career and follow them for 40 years until they reach retirement age and here's what you'll find, according to the Social Security Administration:
-
- Only 1 will be wealthy
-
- 4 will be financially secure
-
- 5 will continue working, not because they want to but because they have to
-
- 36 will be dead
-
- 54 will be dead broke - dependent on the meager Social Security checks, relatives, friends and even charity for a minimum standard of living
That's 5% successful, 95%
unsuccessful.
These, of
course, are US statistics. In the rest of
the world, especially the developing
world, the situation is far worse.
It is an unfortunate truth, but, the lack
of money in an individual's life, limits
that person from living his/her life to
its fullest potential.
Note that I am not suggesting in any way
that greed and the hoarding of money is
any complete solution. As financial
freedom is only one of many factors to
truly create a wealthy life. In my mind
there needs to be a harmonious balance
between the below factors to be wealthy:
-
- Finance and Career
-
- Physical Health
-
- Emotional Stability
-
- Social Friendships
-
- Love
-
- Spirituality
But given the statistics above, as a starting point, educating people about creating money is of chief importance. And I am not talking about the kind of education we would normally get via High School, University, or Graduate School education. If that were the case, we would definitely see different statistics.
Sharing and showing people specialized education on how successful and rich people, and on how they got that was is key. By teaching and helping people to create money, it provides them options and the ability to develop the remaining areas of an individuals' life to create true wealth.
With The SGR Program, I know that we will be able to accomplish, not only the task of educating people about creating wealth. But also provide people with an easy and practical way to create income through its affiliate program. It all starts by just sharing this information with others.


