“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”
– Colin Powell
The difference between being ‘Well-Off vs. ‘Ultra-Wealthy’ is their … FOCUS!!!
There was a speaker that spoke on wealth. Who unfortunately is no longer with us. He said, “that you need TWO Businesses.”
Your PRIMARY Business, the one you’re likely putting all your focus on right now. And then your money management business.
Most people put 95% of their energy into their primary business.
If they want to make more money, they trade more time for money in their given profession. The accountant takes on more clients. The shop owner extends their trading hours. The mechanic fixes more cars.
They only put 5% of their energy into their 2nd business that manages their wealth. Which is often fairly PASSIVE. So you can even make money while you sleep!
For ultra wealthy people, it’s the other way around. 95% of their energy goes into their money management business – picking stocks, investing in real estate and checking their investments.
Only 5% of their energy goes towards their primary line of work. Master the same concept as the ultra wealthy and you’ll escape the hamster wheel sooner than you might expect.
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Nicky and Dave