I know many, if not MOST people who read this will take issues with it. Those authors I've mentioned all say this will happen. It's because this topic defies what is considered "normal." It's outside the box.
We hold dearly to what we've learned and resist anything that might threaten this stronghold. However, not everything we learn is good for us. We must be our own judge what's right for us personally.
Who Am I to Talk?
As of now, I'm still struggling myself. But, it's better to be struggling and be attaining this kind of education than to be struggling and not have it. I will freely share what I've learned and what I'm working on implementing in my own life. The advice I got came from actively educating myself with these concepts.
I do not claim to know it all. I'm far from knowing everything about the economy and how to acquire assets. However, I'm learning, and the things I said in this tutorial are very basic. They, in and of themselves will not get you where you need to be.
They are a start. The reason why I brought this up is because I was like so many - believing that all debt is bad. It's not true. It is all in how you use credit. It can be a formidable enemy or it can serve you. In fact, the very wealthy call the right kind of debt...
"Debt Service."
Yes, this exists, and most of the authors listed above will mention this within their materials.
I'm like every other person on here and on this earth. This is for the most part...
To get where we want to go takes the first step. They are baby steps. I am keeping any income I get from WA and considering how I will use it to benefit the furthering of asset acquisition, rather than mixing it in with my regular income, which pays the bills.
I believe this would be a great exercise for people looking to create passive income from places like WA.
I realize what I've said above is controversial and is liable to argumentation. I only ask that you give what I've said a chance and look into them yourself to see if what I've said is so. This is NOT IM-related, but it is online business-related.
Deriving an income from WA is only worth what you do with it. I choose to use it and put the concepts I'm learning from the authors mentioned above (including Kyle & Carson) into implementation. The greatest importance in my life right now is education. Albeit this will always be number one. The other thing of equal importance is to implement what we learn! Hiding it under a bushel makes it useless and a waste of time and investment.
One Other Thing...
Be very careful where you get your loans!!! Stay away from those PayDay loan places! The picture I used above throughout this tutorial is there for decoration. The actual place depicted is probably NOT a good choice. It is simply a catchy image to use with this.
What's wrong with PayDay loans? Go to Street Articles learn about it. Shawn Lee is one of my most favorite authors that discusses this topic. His page is shown...
http://www.streetarticles.com/about/shawn-lee-/31093
There are other authors on there that talk about this topic. It's well-worth looking into and can save you $$!
Hope you liked my tutorial here and you've found it useful. That is my sole intent.
Daniel
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WebMaestros
Premium Plus
I own a home improvent compay for 40+years. Some people in this business barely survive because their selling skills are horrible and some make over 50, 000 dollars per month.
I see the answer as very simple. Learn the skills here at WA--learn to sell (I don't care what any one says -to make big money you have to know how to sell) Don't be lazy go to work and learn your trade. Make a boat load of money and once the money starts coming in --do it again and again.
I know for a fact from my clients say that Kiosaki's realstate education doesn't work as it is sold in his books. "YOU NEED MONEY TO MAKE IT WORK" I service clients who own hundreds of homes and apartments and they laugh at the advice given.
Put all your efforts here make a ton of money and the rest will fall into place.
IT'S ABOUT REASONS AND RESULTS AND THE FIRTS ONE DOESN'T COUNT"
STAY FOCUSED!
I see the answer as very simple. Learn the skills here at WA--learn to sell (I don't care what any one says -to make big money you have to know how to sell) Don't be lazy go to work and learn your trade. Make a boat load of money and once the money starts coming in --do it again and again.
I know for a fact from my clients say that Kiosaki's realstate education doesn't work as it is sold in his books. "YOU NEED MONEY TO MAKE IT WORK" I service clients who own hundreds of homes and apartments and they laugh at the advice given.
Put all your efforts here make a ton of money and the rest will fall into place.
IT'S ABOUT REASONS AND RESULTS AND THE FIRTS ONE DOESN'T COUNT"
STAY FOCUSED!
Daniel Euergetes
Premium
I purchased a course on selling and now going through it. I invested in it from my first commissions from WA. These courses are on sales copy, however, Kyle's courses on here are amazing!
You are right. The reason I'm not selling any more than I am is because of how I'm putting out my content. The latest developments on here are invaluable for learning these skills. ...especially the Boot Camp. The other more recent courses are awesome too!
I got the courses from Paul Meyers, an Internet pioneer. It is enjoyable seeing this from a different perspective, yet it's the same outcome. Staying focused and consistent are the keys. To keep up with these takes discipline, especially when trying to work a job doing hard labour all day. That does knock a person down and all that much more determination to keep up online. At least now I do have a consistent income, though it doesn't support me yet.
You are right. The reason I'm not selling any more than I am is because of how I'm putting out my content. The latest developments on here are invaluable for learning these skills. ...especially the Boot Camp. The other more recent courses are awesome too!
I got the courses from Paul Meyers, an Internet pioneer. It is enjoyable seeing this from a different perspective, yet it's the same outcome. Staying focused and consistent are the keys. To keep up with these takes discipline, especially when trying to work a job doing hard labour all day. That does knock a person down and all that much more determination to keep up online. At least now I do have a consistent income, though it doesn't support me yet.
Daniel Euergetes
Premium
I've been through about five of his books. Some people are happy with the advanced education and others are not. The books are great primers on finance and how things on those levels are different than what most people do. The books are only meant to be eye-openers, and that they did for me!
Whether they are completely accurate or not isn't so much the value as they are exposing the fact that there are other ways to make a living rather than employment.
Whether they are completely accurate or not isn't so much the value as they are exposing the fact that there are other ways to make a living rather than employment.
tazimmer
Premium
The system wouldn't let me comment directly on your comment.
I am involved with The Palm Beach Letter's Wealth Builder's Club and they have a program about infinite banking which was written about by R Nelson Nash. His book "Becoming Your Own Banker" is a great read on this. I've also read "Financial Independence in the 21st Century" by Dwayne and Suzanne Burnell.
It's based on Whole Life Insurance. I know, I know, Life Insurance?? That is why it is so amazing. You set up the policy to minimize the death benefit and maximize the savings benefit. As your money builds you loan it to yourself and pay yourself interest. Soon you have enough to invest in income properties, new businesses, or other things to build the account even higher. When you get to retirement you can continue to borrow from the policy to fund your life tax-free (it is a loan and the government doesn't yet tax loans). It's a total win-win way to live.
And it is a way to create generational wealth since you can set up accounts on your children, pass ownership to them when you are older, and teach them how to do it also so they can pass it to their children. Also you can set up policies on your grandchildren as soon as you have some.
I'm just getting things set up but this is one of the things I plan to write about.
Tim
I am involved with The Palm Beach Letter's Wealth Builder's Club and they have a program about infinite banking which was written about by R Nelson Nash. His book "Becoming Your Own Banker" is a great read on this. I've also read "Financial Independence in the 21st Century" by Dwayne and Suzanne Burnell.
It's based on Whole Life Insurance. I know, I know, Life Insurance?? That is why it is so amazing. You set up the policy to minimize the death benefit and maximize the savings benefit. As your money builds you loan it to yourself and pay yourself interest. Soon you have enough to invest in income properties, new businesses, or other things to build the account even higher. When you get to retirement you can continue to borrow from the policy to fund your life tax-free (it is a loan and the government doesn't yet tax loans). It's a total win-win way to live.
And it is a way to create generational wealth since you can set up accounts on your children, pass ownership to them when you are older, and teach them how to do it also so they can pass it to their children. Also you can set up policies on your grandchildren as soon as you have some.
I'm just getting things set up but this is one of the things I plan to write about.
Tim
Daniel Euergetes
Premium
Daniel Euergetes
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Daniel Euergetes
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Daniel Euergetes
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tazimmer
Premium
Hi Daniel,
This was a long read but way too true. There is really only one thing I can add and that is to become your own banker. If you borrow money from yourself then you pay the interest to yourself. However you need to pay yourself the same rate you get from traditional banks. It takes awhile to set up but it is worth it. It's something that I am working on now.
Tim
This was a long read but way too true. There is really only one thing I can add and that is to become your own banker. If you borrow money from yourself then you pay the interest to yourself. However you need to pay yourself the same rate you get from traditional banks. It takes awhile to set up but it is worth it. It's something that I am working on now.
Tim
Daniel Euergetes
Premium
Interesting concept, however, when you start purchasing apartment buildings, would this work?
Where did you learn this? I have another method of income acquisition. Start with a penny that you've found and do not take this penny from any source where you are already making money. Keep this penny and any thing you make thereafter completely separate from any other source. Thus, this is a closed system.
Now, double the penny. This is step 1. Every step you take in this process you will be doubling the amount. In 28 steps you will have over one million dollars. This is something I learned from Stuart Goldsmith and the concept can be searched and found. It's got a lot of strict rules to it but if you can do this, you will learn a lot - and make money at that. Once you complete the 28 steps, the money is yours to do with as you please.
"Double Your Way to A Million." Search this.
Where did you learn this? I have another method of income acquisition. Start with a penny that you've found and do not take this penny from any source where you are already making money. Keep this penny and any thing you make thereafter completely separate from any other source. Thus, this is a closed system.
Now, double the penny. This is step 1. Every step you take in this process you will be doubling the amount. In 28 steps you will have over one million dollars. This is something I learned from Stuart Goldsmith and the concept can be searched and found. It's got a lot of strict rules to it but if you can do this, you will learn a lot - and make money at that. Once you complete the 28 steps, the money is yours to do with as you please.
"Double Your Way to A Million." Search this.
