See how to use “The Black Box” investing strategies the ultra-wealthy use To Make Millions.
Looking to diversify? Looking to create real wealth? The most successful people on the planet talk about active income and how to create multiple streams of income with it so that you can free yourself from your regular 9-5 job. Ironically, real wealth is created from a foundation of active income, which will enable you to create multiple streams of income.
More from The Elevation Group CEO and investment expert Brian Fouts from his latest training call:
Hey everyone, Brian Fouts, once again with the Elevation Group, now I know that you want to build wealth, we all want to build wealth to live that wealthy life. And in order to do so, there's one lesson I learned early on that really had an impact on my kind of view of money and really what it meant to actually work for money. And that is the three sources of income and learning how to create multiple streams of income.
Now, in this video, I'm going to talk about just one of these, which is the main source of income for a lot of people. Because of this though, it also represents a shift in mindset that you kind of have to make in order to build wealth. And it's also the shift that a lot of our members in the Elevation Group are making to build their own wealth and live their own wealthy life. And that first source of income that I want to talk about is what we call active income.
So, what is active income? And how do we tie in active income and how to create multiple streams of income? Well, it’s actually pretty simple. If you’re working, you're actively involved in generating income or revenue. And if you stop working, you stop doing what you're doing, stop working your daily or hourly job, you get nothing, right?. No more income, the income goes away because you have to actively do it consistently to make that income. That’s what I mean by active income. And specifically that’s what I’m referring to when I talk about active income and how to create multiple sources of income.
But here's the thing. A lot of people have active income. They have a job, right? They have an active source of income and they're actively involved in, but maybe they don't like it. They’re not fulfilled and they want to get rid of this active income. They want to go do one of these other streams of income, which we'll talk about in another video. But here's the thing: You have to maximize your active income because it is the foundational income source right there for most people. You have to maximize your active income so that we can begin to look at other streams of income.
But first, what I want to talk about more deeply is, “what is active income”? How can you look at things differently? So a lot of people, when they think of active income, they think of a job: A J.O.B. or Just Over Broke, as I sometimes call it. They think that's your active income right there. They want to get rid of this job, cross that out and they want to go do something else. But the problem is that there are other sources of active income to be aware of. Think of it this way, when you have a job, what do you typically not have? Well, typically you don't have much control over your income, right? You’re an employee and your employer can lay you off, they can fire you, they can overlook you for a raise or promotion, they can dictate your vacation time. In short, your employer is in control, not you. So how can you actually maximize your active income? You do so by getting in control.
Okay, so how do we get control over our active income? Well, you can do it through business ownership groups, if that's right. You can actually start your own business. You can be self employed. Right? If you're self-employed, you are in control because when you're your own business owner and you're self-employed, you can say how much you get paid. You can say when you go on vacation, you can say if you get a raise or not, this year you are the one in control. I know people that have their own business and are self-employed. They have a job in that business. They're actively involved in it. These people have a seven figure salary because they’re in control of what they earn and they're paying themselves a massive amount of money. And then guess what they do? They take the excess capital and they use it to fund additional sources of income to give themselves multiple streams of income. So, if and when they decide to do away with their active income stream, they have created multiple streams of income to fund their life.
That is how you actually do this. That's how you build wealth. You have to maximize your active income stream. Understand that while it’s difficult you can actually get in control of your income. Control is paramount to building wealth. And if you leverage apapers.org your active income stream into that into additional streams of income that’s when you begin creating real wealth.
So hopefully that makes sense, because when I personally came to this realization it enabled me to build wealth faster and faster.
We’ve put together a free online training we’re calling “How To Use The Black Box Investing Secrets of the Super Rich”. This free online training condenses a decade of intense research into the banking habits of the super-rich, down to 3 “Black Box” secrets the super-wealthy don’t want the rest to know.
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