Day 27-The Principles of Wealth
Wealth is created by streams of residual income. Create incomes that exceed your daily expenses. The key is not how much you make, it’s how much residual income you keep. A Dr is not wealthy if his/her income stops when he/she doesn’t receive income when they stop seeing patients. You must have a residual income to start creating wealth. Leverage the efforts of other’s, leverage other peoples time and other people’s money.
Tom asks these questions when looking at starting a business.
- Will it create residual income?
- Will it make a difference in people’s lives?
- Is it going to be profitable and when?
Just a side note, I have been hearing Multiple sources of income every day for the last week, I have several income streams and it’s so much fun so when I saw the video for today’s Mastery series, it was just another confirmation.
Thank you so much.
God’s Abundance to you,
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