The Wealth Creation Formula: Income Creation

I have been a student of the wealth creation formula for two years. This program has helped me quit my job, increase my income, and helped me invest in income-generating assets. Tea Wealth creation formula It is your key to financial independence. The middle class is dead. Millionaire status is the new middle class. Regardless of where you live, unless you take control of your income and finances, you will struggle.

Commit to creating wealth for yourself, your family, and your community. Being rich has its advantages. Don’t you want those perks? To get rich and wealthy you need to have an income. Income is the key to wealth creation. Now you have probably been taught how to save money, pay off your debts, and live on a limited budget. These will help you on your way to riches though. Income is the only way to help you graduate from the middle class.

Income is king

The most important step in Wealth creation formula is generating income. Income is king and without income, you will fail financially. It’s that easy. How important is income? There are countless stories of professional athletes who have gone broke, filed for bankruptcy, and held regular jobs after retirement. Of course, your bad spending habits, bad investments, and poor money management have led to your financial downfall.

But the key that most people overlook is that once those professional athletes retire, they no longer produce those million dollar checks. Their professional careers end and they stop producing that income. No matter. If they lived a lush lifestyle, if they still had that big payday, they would be fine.

Once the revenue, especially those million dollar contracts, is depleted, they are in trouble. They still have to generate income after they finish their careers. According to Sports Illustrated, after just 2 years of retirement, 78 percent of NFL players were either bankrupt or in financial difficulty. Within 5 years of retirement, 60 percent of NBA players are bankrupt. When you have expenses and you have no income to match them, the only result is bankruptcy.

Start where you are

Income is your source of wealth. Your job or business is the key. Whether you like what you do or not, it is generating income for you. Also, if you are making money, there is a chance to create more. What I love about the Wealth Creation Formula is that it gives you a blueprint that can be applied to any profession, career, or job.

The best place to start is where you are now. You have a fountain, now is the time to milk it before it dries up. Your job or your business makes money. Your next step is to increase your income stream. I will teach you how to do it in the next lesson. For those of you with no income. Go create one now.

Revenue creation

If you have a job or business, find ways to generate more income from that stream. If you are unemployed, you need to get some money. Go find a job, sell a few things online, go out and beg. You have to get a stream of income. You will not get rich without making money. The question is what can you do now to earn money?

Learn how to generate income. You have strengths and a skill set that can get you paid. But you have to learn to develop it. His job trained him on how to be employed. In this way he fulfills his duties and earns money. With that said, now is the time for you to learn more to earn more.