PILLARS, SOLID FOUNDATION FOR GREAT SUCCESS!

DISCLAIMER: Links in this post may contain affiliate links. Please read our disclosure policy here.

Yesterday I attended a Woman’s Equality Luncheon (Equal Opportunity Program for the Army). The guest speaker spoke eloquently about women rights and how long it took to get where it is today.

There were lots of failures and sacrifices but if there was one thing they all had, was the courage to fight for what they wanted.

I ask you today, what is it that you want?

If it is financial freedom, I encourage you to find within yourself the courage to make the necessary changes in your life, as all these courageous women did for years.

It won’t be easy, and it will take time, but in the end, you will look back and see how far have you gone and how much have grown since you made your choice.

Let’s start by making this point very clear: If you are going to get out of the rat race (a term used from Rich Dad Poor Dad), your cash flow has to exceed your expenses. But…

Do you know what your monthly cash flow is today?

What is your monthly cash flow goal to get out of the rat race?

The answers to the previous questions are important.

But first, you need to build a solid foundation for success; pillars. Twelve pillars to be exact.

The book “Twelve Pillars” by Jim Rohn and Chris Widener explains it in detail.

The pillars are based on the following:

#1 – Work harder on yourself than you do on your job

#2 – Total Well-being

#3 – The gift of relationships

#4 – Achieve your goals

#5 – Proper use of time

#6 – Surround yourself with the best people

#7 – Be a lifelong learner

#8 – Life = sales

#9 – Income seldom exceeds personal development

#10 – Communication is key

#11 – Be a leader

#12 – Leave a legacy

CONCLUSION

You got a head start, but you need to dig in and get the details of this great book. You have to show how bad you really want it. Success is not easy, and there are no short cuts.

To our wealth! Leave your comment below.

Remember, it’s all about the road to wealth. If you liked it, pay it forward. Don’t forget to share it on social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com

YOUR DEBT, IS IT GOOD OR BAD?

DISCLAIMER: Links in this post may contain affiliate links. Please read our disclosure policy here.

Hello friends, we haven’t talked for more than a month. And I already missed you all. I can tell you quickly that I live in a new state due to work. The months of June and July have been crazy. On top of that, I signed up for real estate classes and other types of investments.

Obviously, as long as my knowledge expands, I will be sharing with you so that we can all progress. Among many other things that are new to me, I learned that there are two types of debts. All my life I thought all debt was bad.

Before getting into debt, I have to say that managing your money is just the beginning. Then comes the interesting thing, learn about money and how to make it work for you while you are not present.

We have to recover our cash flow and use it to obtain assets that give us money back, that work hard to generate more money for us. Not objects that take money out of our pockets. That is the magnificent secret of security and financial freedom.

Photo by Pixabay on Pexels.com

What nobody tells you…

Debts are divided into two types, good and bad. Most people learn to have bad debts.

Debts are like everything in life. Depending on how you use it, it can be good or bad.

A gun can be good or bad depending on the person who uses it.

Drugs can be good or bad depending on how the person uses them.

If you do your part and learn how to use debt, it can be your slavery for life, or your independence for life. You choose.

What are bad debts?

Bad debts are personal loans, car or home loans, student loans, and credit cards.

Why are they considered bad debts?

Because they only take money out of your pocket and in the end, they don’t have the same value as when you bought them.

The plan is to get out of all your bad debts, and when you get out of all your bad debts, then you will get more debts. Whaaaatttttt?!?!

It is true, but this time you will get good debt.

What are good debts?

Good debt comes in many forms. Good debts are those that can give you financial freedom in the future. For example, you buy an apartment to rent it. Yes, it is a debt, but it has several points in its favor.

#1. The payment of your loan does not come out of your pocket. You have a lease that pays your debt. In the end, when the loan is repaid, you are the owner of an apartment and it can produce passive income for the rest of your life and perhaps your children after your die if you have not sold it. Best part is, nothing came out of your pocket. That is how wealth can be passed down from generation to generation.

#2. You get equity or value in the apartment over the years. So, if you decide to sell, you can earn capital gains.

#3. You have government tax breaks, because you are providing a service/lodging.

#4. You can repeat this cycle as many times as you want, until you receive enough in passive income to the point where you do not depend on a job and can retire early and enjoy life.

Now that is real security and financial freedom.

As you can see, this type of debt is what the rich uses to get richer.

If you focus on blaming the government, you think that social security should maintain you in your retirement years, you dedicate yourself to studying and continue to accumulate student debt; I am sorry to tell you that you will never rise from being poor or middle class.

To enter the group of those who have wealth, you have to learn about money and how it works. Do not be left behind.

For today, we have learned that not all debts are bad. I will return soon with more so we can all progress.

Until next time.

To our wealth! Leave your comment below.

Remember, it’s all about the road to wealth. If you liked it, pay it forward. Don’t forget to share it in social media and help others become successful as well. There is plenty of room for all of us. In the end, your success will only depend on you and not what others do.

Follow me on TWITTER, PINTEREST, INSTAGRAM, LINKEDIN, FACEBOOK for more posts and updates.

If you have any questions, you can reach me at questions@road-to-wealth.com