Here are the answers to the "Fill-in-the-blank" worksheet that is provided for the attendees for the "Wealthy Focus VS. W-2 Focus" webinar. Every time my friend Mike does these, they fill up fast. If after reading this you want to see if we're running another webinar soon,
CLICK HERE.
HERE ARE YOUR ANSWERS:
Mike Adams was
stuck in the rat race. Did you sign up for the 40-40-40 plan?
Mike now shows
people how to reach their goals in both business and real estate
investing.
J.O.B. stands for
JUST OVER BROKE.
Making income,
but buried in debt; make more money and spend more money.
Mike earned over
six figures and still felt he needed a part time job because he was in the rat
race.
In the game of
life what you focus on is what you are going to get.
What are the
three (very) big things that w-2ers have to deal with? Liabilities &
Debt, Corporations & Banks, and the biggest of all: Government
taxes!
The “40-40-40
Plan” means: 40 hours a week for 40 years of your life to retire
on 40 percent of what you can’t live on today.
Why did Uncle Sam
show up at Mike’s work every week? To take his cut!
Government taxes
eat up 50 percent of what you earn.
Wealthy people
think differently, they don’t think “debt” they think about systems.
Wealthy people
create what is called non-linear income. W-2 employees have linear
income which is trading hours for dollars. There are obvious “problems” with
linear income because as we age, the quality of our hours goes down.
The wealthy acquire
assets and not liabilities. This frees up their time to do what?
Create more assets. That’s how the rich get rich and the poor get
poorer!
Assets
make money, liabilities cost you money.
Your house is not
an asset; it’s a liability.
Wealthy focus on write-offs
and minimize their tax liabilities. To keep more money that they earn.
Mike needed to
change his thinking; do you think you need a change of thinking?
WANT TO SPEAK WITH MIKE? CLICK HERE. Or, call our 24/7 National Message Center: 888, twentyfour 1, forty 3 and 1.
But wait; there's more!
Wealthy think in abundance
and opportunity; w-2ers think scarcity and fear of loss.
The #1 expense in
a person’s lifetime is TAXES.
You pay tax when
you get your pay check, when you buy your gas, food, clothes,
travel, etc.
High Income W-2
employees are in the WORST tax position. You cannot make enough money or
get enough raises to escape this!
Does your company
that you work for have a “Human Resource” (or something similar) department?
Have you ever thought about that; “human resource”? As a W-2er you are a “human
resource” for the government! Ouch! Reality sinks in, hmmmm.
If you do not
have a plan, the government has a plan for you. Mike says we need
to have a plan. (“No one can stop a man with a plan, because no man has a plan
to stop him!”)
There are four
ways to earn income, as an employee, being self-employed;
basically you have made a job for yourself; it is harder in so many ways, but
hopefully you enjoy it. The next two ways are being a business owner
(and having employees work for you) or being an investor and creating
passive income which means that money works for you.
Employees work
for money, as an investor, money works for you.
As an employee or
a self-employed person, no work equals “no pay”!
Get on the right
side of the line by owning a system that works even when you are sick,
sleeping, or on vacation; it brings in money even when you are not
there!
A business with a
system allows you to
- Earn money that you
can keep through owning.
- Enjoy tax
deductions and write-offs.
- Control your time.
- Take back control
over yours and your family’s financial future.
Your classes start
with generals and on to your majors.
The price for the
course is a onetime fee with no up sells! And, it is “life-time” access.
Plus, with this
you become part of a community of investors.
We do real estate
as a “team sport”.
Support is
customized to your needs; you get what you need!
This all comes
with the price of the curriculum: Live Classes, Monthly Workshops, 1 on
1 Coaching, Group Coaching, Weekly Study Groups, and Daily Webinars &
Calls!
We’ll help you
find capital (funding for your deals).
Jon O’Neil was a
contactor and did 5 flips in his first year and made $150,000.
Bill Oehme
engineer turned real estate investor because after 22 years of working at a
company was laid off. (No job security with any job). He owned 40
properties prior to joining us, so we have something to offer to seasoned
investors.
After working 40 years
how much money is your job (or past performance) worth to you? Zero,
remember; no work equals no pay.
Listen closely to
what happens with the “one house a year” retirement plan.
What is the “market expansion” opportunity?
Your network equals your net worth; what does
that phrase mean? Is it time for a new network?
Surround yourself with others of the same mission
that you have; with like minded people.
If you continue doing the same thing, you always get
the same thing. Where will you be in one, and five years if you keep
doing what you are doing?
What’s your why? The reason you get up each
day?
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So what do you think? Does this change your thinking?
CLICK HERE to see if we'll be doing this webinar again soon (you already have your worksheet answers so you are already ahead of the class).
And/or
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