Ariston P Awitan, M.D.
Improving YourFinancial IQ
Arranged by Ariston P Awitan, M.D.
Chapter #2:
Ways To Achieve Wealth
2 Wealth Building Models
Everyone wants to make more money, but people are generally split into two
categories:
1, Those who bring results after they are promised wealth first
Or
2. Those who bring the results first, then are rewarded by others
afterwards
Let’s explore the two groups in depth.
Those who only move their butts after promised big fat paychecks are more
like employees, freshmen, or mercenaries.
There is no right or no wrong with this kind of thinking, but consider: you are
once again, trading your precious time for money. Instead of investing your
time in an ASSET that generates money, you spend your time working on
something that is short term, limited wealth, and does not give you income
long after you have stopped working.
Consider also, that this kind of short term vision will only produce limited or
temporary results at best. Ever seen a security guard asleep at work when
the boss is not around?
Furthermore, the part where our emotions get the better of us is when we
allow our lives to be run by chasing the dollar. It is evident whenever an
employee is offered a higher salary, more medical benefits and longer
vacations, that their heart starts pumping faster.
A higher salary doesn’t mean less financial problems. On the contrary when
your income goes up, your commitments, your tax bracket and your time
spent in your company increases. The greater your salary, the weaker
your position because if your boss is paying you a 5 figure income and calls
for an emergency meeting, you had better rush over to the office even if you
are halfway making love to your wife!
I think the best definition of an employee/boss relationship can be summed
up as this.
An employee will only do the bare minimum to keep the boss from
firing them and a boss will only pay the bare minimum to keep an
employee from leaving.
Now let’s explore the other group.
There are many creative people, inventors, entrepreneurs, and business
leaders who fall into this category.
An entrepreneur is someone who always has good ideas.
The first obstacle we need to overcome if we want to succeed in the second
group is to stop working for money. What does this mean? Isn’t making
money part and parcel of having good financial IQ?
What I mean by ‘stop working for money’ is not working for free. Rather, it
means work so as to gain the necessary skills you need to be a successful
entrepreneur (or inventor, investor). Allow me to illustrate:
– 13 –
If you lack the contacts for running a business, where would the best place
be to look for contacts? Of course, your competitor’s customers.
How about product knowledge? Then work with a company that will teach
you all the ins and outs of the tricks of the trade.
Not familiar with the production line of a factory? Work in one! Learn the
ropes or manage the factory workers.
Fear of talking to people? Get a sales job where you will be forced to talk to
lots of people. It is also a great way to develop perseverance!
Don’t you know that the best education you can get is in real life!
Not at a
lecture hall.
The bottom-line is: not everybody has what it takes to succeed as an
entrepreneur!
It is not that easy. Many lack the perseverance, the creative mindset, the
financial capabilities or the necessary people to get the job done and usually
give up too early before any results can be seen!
The fastest way to get
those skills to succeed is to learn them hands on and you even get paid in
the process! Don’t get absorbed with how much you are paid.
When Donald Trump was selecting candidates in The Apprentice, their first
task was to go to the streets and sell lemonade! Many would find it a
degrading task. But to The Donald, it was very important: If you can’t even
do something as simple as sell lemonade, how on earth can you handle a
daunting task like running the Trump Empire?
Again, let me emphasize:
Would you trade time for short term money? (Money stops coming in when
you stop)
Or
Trade time and money for a long term asset that generates you income?
(Even long after you have stopped)
God created us with a brain. All we need to do is look around us and observe
problems to overcome because every problem is an opportunity in disguise.
It is all up to you. You may or may not see the results in the short term, but
by using our brains and the resources around us, we can create true value
that others are willing to pay for what we have to offer.
3 Ways of Making Money
Let me summarize the 3 Ways of Making Money
1• Trading Time For Money – employees, self-employed
2• Manifesting & Using Creative Ideas – inventors, artists, programmers
3• Leveraging on resources and other people – business people, leaders
If you are a professional, have you ever explored writing an e-book about
your field of expertise? If well written, it could provide a new income stream,
instead of you selling out your time serving your clients.
How about a computer programmer? You can come out with your own
revolutionary product instead of selling your ideas to the company you work
for.
How about real estate, instead of selling houses, you can pool financial
sources to buy houses cheap, increase their value and sell them off at a
higher price. It just takes a little time and research to find good ideas.
– 15 –
Is money a problem? Seek out loans if you can take the risk. Pool money
from many investors or seek a grant. The sky is the limit when it comes to
making money.
Again, which way do you want to achieve wealth? Answer: it’s totally up to
you
CLOSING REMARKS
LET ME EMPHASIZE ON THE 3RD WAY TO MAKE MONEY
3• Leveraging on resources and other people – business people, leaders
This is where The Private Membership Club ,
YourKey2Wealth comes in.
You can enroll as a member for just $97 per year and have access to all the Wealth Education that this membership offers.
Then you have an option of participating in our Leveraging System where with your $1,000
You can march to a $Million by just enrolling two people that you love and trust, most of the time, members of your own family.
For details, go to my website:
http://retirelikemeabc123.com
The other program where you can leverage your time and efforts is with Elite Marketing Alliance where we have a Supportive Community of Like –minded people who come together to help each other to achieve Financial and Time Freedom.
My website is:
http://partnerwithmeabc123.com
Watch the 3rd Chapter of this e-book, Improving Your Financial IQ, on the subject:
The Most Important Rule in
Investing.
Dr. Ariston P Awitan is a retired Orthopedic Surgeon, now a Professional Network Marketer, with a mission to help people, especially struggling network marketers who failed in many online businesses but did not quit, still with a burning desire to improve their lives, desiring to be financially free.
My Contact Information:
Phone: 713-392-5493
Skype: doctony1932
Personal Blog: http://makemoneyabc123.com
Radio Show:
http://buildingfortunesradio.com/dr-awitan-peter-mingils/