Envision
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- May 5, 2014
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10K isnt really enough to invest and make an impact, you need more $.
I have a formula ive been outlining that im going to make a thread about soon but the framework is essentially:
1. Create a High Generated income > Invest it into Passive Income (REI)
2. Grow Passive Income to the point where it can fund itself creating more passive income
3. Scale Passive income and generated income to your desired goal.
Basic Outline:
- use your business to fund real estate investments
- grow your passive real estate investments to the point where it can pay you, cover expenses, and grow itself at a KNOWN rate.
- Implement systems to continue scaling your business and real estate investments.
- When you have extra income after this system is in place you could invest in dividend producing stocks, commodities, and other businesses to diversify you're income streams.
To sum this, I believe that preservation is growth, and maintenance is death. I think the best thing to "maintain" is to outsource, decrease your workload without crippling your income streams.
I have a formula ive been outlining that im going to make a thread about soon but the framework is essentially:
1. Create a High Generated income > Invest it into Passive Income (REI)
2. Grow Passive Income to the point where it can fund itself creating more passive income
3. Scale Passive income and generated income to your desired goal.
Basic Outline:
- use your business to fund real estate investments
- grow your passive real estate investments to the point where it can pay you, cover expenses, and grow itself at a KNOWN rate.
- Implement systems to continue scaling your business and real estate investments.
- When you have extra income after this system is in place you could invest in dividend producing stocks, commodities, and other businesses to diversify you're income streams.
To sum this, I believe that preservation is growth, and maintenance is death. I think the best thing to "maintain" is to outsource, decrease your workload without crippling your income streams.
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